Updates on acquisition of shares of Funk Foods Private Limited is enclosed herewith
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 22 Jul 2026, 04:46 PM IST · BSE ID: 93a3e1b0-a7ea-4008-bfa2-bb2032352b5d
View Original BSE Filing (PDF)
💡
In Simple Terms
Tejassvi Aaharam has fully acquired Funk Foods, a food products company, by exchanging shares worth Rs. 51,16,22,040.
🤖 AI Summary
- Tejassvi Aaharam completed the acquisition of 100% share capital of Funk Foods Private Limited.
- The Board approved allotment of 5,11,62,204 equity shares of Rs. 10/- each at par for the acquisition.
- Total acquisition cost via share swap is Rs. 51,16,22,040/-, involving no cash consideration.
- Funk Foods Private Limited reported a turnover of Rs. 7.97 crores for the Financial Year ended 2025.
- The acquisition is not a related party transaction and the promoter group has no interest in Funk Foods.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Allotted Equity Shares
5,11,62,204 Equity Shares
Issue Price per Share
Rs. 10/- each
Total Acquisition Cost (Share Swap)
Rs. 51,16,22,040/-
Funk Foods FY2025 Turnover
Rs. 7.97 crores
Percentage of FFPL Acquired
100%
FFPL Equity Shares acquired
33,67,042 Equity Shares
🏢 How This Affects the Company
Tejassvi Aaharam expands its business into freeze-dried, clean-label food products, aligning with its existing food sector operations. This diversifies its product portfolio with instant chutneys, soup mixes, ready-to-eat meals, spreads, dips, and sauces.
The acquisition, valued at Rs. 51,16,22,040/-, was executed through a share swap, resulting in no direct cash outflow from Tejassvi Aaharam's balance sheet. The company will integrate Funk Foods' FY2025 turnover of Rs. 7.97 crores.
Tejassvi Aaharam integrates Funk Foods' development, manufacturing, and export capabilities for freeze-dried food products. This merger expands its operational footprint and product development expertise.
The acquisition is explicitly stated as not falling within related party transactions, with no promoter/promoter group interest, mitigating related party transaction risks.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this specific filing.
👤
Who Is Affected
Existing shareholders of Tejassvi Aaharam Limited will experience a dilution of their percentage shareholding due to the allotment of 5,11,62,204 new equity shares to Funk Foods shareholders. Shareholders of Funk Foods Private Limited receive 5,11,62,204 equity shares of Tejassvi Aaharam Limited.
🔍
Management Signal
Management intends to expand Tejassvi Aaharam's business lines and market presence through strategic acquisitions financed by non-cash consideration (share swaps).
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Tejassvi Aaharam's next quarterly results — assess impact of Funk Foods' integration.
Updates on listing/trading approval for newly allotted equity shares.
Details on the operational integration plan of Funk Foods Private Limited.
LOW RISK
Acquisition is complete, non-related party, and financed by share swap, mitigating immediate financial risk.
💡 Investor Takeaway
Tejassvi Aaharam completed the 100% acquisition of Funk Foods Private Limited for Rs. 51,16,22,040/- via a share swap, issuing 5,11,62,204 equity shares. Funk Foods, engaged in freeze-dried foods, reported a turnover of Rs. 7.97 crores for FY2025.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of Funk Foods Private Limited adds a specialized line of freeze-dried, clean-label food products, diversifying Tejassvi Aaharam's offerings.
- The deal structure involved a share swap of Rs. 51,16,22,040/-, avoiding any cash outflow and preserving Tejassvi Aaharam's liquidity.
⚠️ Concerns
- Funk Foods Private Limited's turnover was Rs. 7.97 crores for FY2025, a relatively small scale compared to the share swap value of Rs. 51,16,22,040/-.
- The filing does not provide details on Funk Foods' profitability or asset base, limiting a full assessment of its financial contribution to Tejassvi Aaharam.
📅 Company Track Record
Past filings indicate Tejassvi Aaharam previously initiated an open offer in April 2026 to acquire 70,00,000 shares at Rs. 10 each, totaling Rs. 7,00,00,000, targeting 12.04% public shareholding for consolidation.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total value of Tejassvi Aaharam's acquisition of Funk Foods Private Limited?
The acquisition of 100% of Funk Foods Private Limited by Tejassvi Aaharam Limited is valued at Rs. 51,16,22,040/-, executed through a share swap.
How was the acquisition of Funk Foods Private Limited by Tejassvi Aaharam financed?
The acquisition was financed by consideration other than cash, specifically through a swap of shares, involving the allotment of 5,11,62,204 equity shares of Rs. 10/- each by Tejassvi Aaharam Limited.
What was the turnover of Funk Foods Private Limited for the Financial Year ended 2025?
Funk Foods Private Limited achieved a turnover of Rs. 7.97 crores for the Financial Year ended 2025.
Is the acquisition of Funk Foods Private Limited a related party transaction for Tejassvi Aaharam?
No, the acquisition of Funk Foods Private Limited is not a related party transaction, and the promoter/promoter group has no interest in the acquired entity.
What industry does Funk Foods Private Limited operate in?
Funk Foods Private Limited is engaged in the development, manufacturing, and export of freeze-dried, clean-label food products for retail and food service markets.
Questions based on this BSE filing only. For information purposes.