DSM Fresh Foods Ltd

Meeting Details

• Dates: 27–28 August 2026; Time: 01:30 PM IST
• Meeting type: One-on-One/Group; Mode: Non-Deal Roadshow
• Location: London, UK
• Purpose: investor/analyst meeting
• Key company participant: Managing Director

Meeting Details

• Dates and time: Aug 22 and Aug 24, 2026 at 04:00 PM IST.
• Type/Mode: One-on-One and Group meetings, physical venue.
• Event: Non-Deal Roadshow.
• Place: Hisar, Haryana.
• Key participants: Managing Director.
• Organizer: DSM Fresh Foods Limited.

EGM resolution

• Purpose: Special resolution to approve loans, guarantees, or security under Section 185 up to ₹100 crore.
• Type: Special; promoter group expressed interest in the agenda.
• Votes: 1,661,615 in favour; 0 against; 100% of votes polled.
• Total valid votes: 1,661,615; invalid votes: 6,401,196 due to 2 interested parties.
• Shareholding impact: No material change to promoter or public shareholding.
• Meeting details: EGM held 25 July 2026 via Video Conferencing.
• Notes: Scrutinizer's report confirms outcome; records archived.

Special Resolution

• Special resolution to obtain approval for loans, guarantees or security under Section 185 up to Rs 100 crore.
• Voting results to be declared within prescribed timelines; Scrutinizer's report to be submitted.
• Meeting held via VC/OAVM with 22 members including promoter group.
• Members did not raise any queries.

Target overview

• Avyom Foodtech Private Limited, Indian food processing and manufacturing firm (formerly IEY Education Private Limited).

Transaction details

• 100% equity stake acquired; cash consideration of Rs 1 Lakh; Avyom becomes subsidiary.
• Acquisition is a related party transaction; common promoters/directors across both companies.

Financials and background

• FY2024-25 turnover: Rs 14,90,284; three-year turnover: 7,17,880; 19,55,955; 14,90,284.
• Incorporated 22 July 2022; Delhi-based; engages in manufacturing, processing, and distribution of food products.

Strategic rationale and approvals

• Strategic acquisition via preferential issue to strengthen DSM's food processing presence.
• Aims for operational synergies and expanded product portfolio and market reach.
• Regulatory approvals: Not applicable; completion timeline not specified.

Dematerialisation status

• Dematerialisation requests, if any, were confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were cancelled after verification, and depositories substituted as registered owners within 15 days.

EGM notice

• Notice of 1st Extraordinary General Meeting for FY 2026-27 published.
• Meeting scheduled for 25 July 2026 via Video Conferencing / OAVM.
• Remote e-voting and EGM e-voting details provided per Companies Act and Reg 44/108.
• Advertisements published in Financial Express (English) and Jansatta (Hindi) on 02 July 2026.
• Issuer: DSM Fresh Foods Limited (formerly DSM Fresh Foods Private Limited).
• Scrip code 544568; Scrip ID ZAPPFRESH.
• Regulatory disclosures under SEBI LODR and Companies Act 2013.
• No material financials, debt, or operational updates disclosed.
• No governance changes announced in this update.

Event overview

• Re-submission of standalone and consolidated HY and FY26 results due to clerical omissions; unsigned copy replaced.

Auditor opinion

• Auditors issued unmodified opinions on standalone and consolidated financial statements; board approved May 27, 2026.

IPO proceeds and utilization

• IPO proceeds of 5,906.40 lakhs raised; utilization per prospectus with unutilised 1,858.75 lakhs.

IPO listing details

• Equity shares listed on BSE SME from Oct 7, 2025; IPO size 59,06,400 shares.

FY26 standalone highlights

• Standalone FY26 revenue from operations 22,081.81 lakh; net profit 1,436.78 lakh.

Opportunity overview

• Identifies ₹40 crore potential annual revenue opportunity from aquaculture network expansion.
• Onboarding of approximately 1,200 fish farmers under the Fish Farmer Producer Group framework.
• Potential annual procurement of about 2,500 tonnes at maturity.

Status and timing

• Opportunities are under evaluation and subject to commercial discussions and definitive agreements.
• No assurance on timing or successful implementation.

Strategic partnerships

• Management expects 3–4 strategic partnerships and MoUs to materialize from engagements.

Regional focus and model

• North-East region identified as a promising aquaculture sourcing market.
• Growth approach is asset-light with farmer aggregation and ecosystem collaboration.

EGM purpose and resolution

• Special Resolution to authorize loans, guarantees, and securities under Section 185 up to ₹100 crore.
• Aggregate outstanding loans/guarantees/securities capped at ₹100 crore at any time.
• MD Deepanshu Manchanda authorized to sign filings and related actions.
• Loans/guarantees may be to entities where any Director is interested.
• Terms to be decided by the Board within the overall cap.

Voting and timing

• Remote e-voting from 22 July to 24 July 2026.
• Results will be announced within two working days after close of voting.
• EGM to be held 25 July 2026 via VC/OAVM.
• No outcome yet; approval status will be known after voting.

Impact on shareholding

• No direct change to shareholding or control disclosed.
• Funding approvals could influence future financials of the group.

Use of funds and governance

• Funds may be used for expansion, working capital, capex, acquisitions, refinancing.
• Transactions may involve entities where Directors are interested.

Management and board

• MD authorized to sign filings; no other board changes announced.

Notice and process

• Notice issued by email; e-voting via CDSL; Scrutinizer appointed.