Heritage Foods to acquire 20% more in Peanutbutter, fully acquire Heritage Novandie
Heritage Foods' Board approved Q1 FY27 results. The company will acquire an additional 20% stake in subsidiary PBJL, increasing its holding to 71%, for ₹7.20 crore. It will also acquire the remaining 5.60% in HNFL, making it a wholly-owned subsidiary. Both acquisitions aim for strategic growth and market expansion.
The acquisitions are strategic and aim to strengthen market presence and capabilities, but the financial impact is not immediately quantifiable as 'HIGH' without further details on the scale of operations and synergies.
The company is expanding its shareholding in subsidiaries, which is a positive step for strategic growth and market presence.
Heritage Foods Limited announced the outcome of its Board Meeting held on July 16, 2026. The Board approved the un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report from the statutory auditors.
In a significant move for strategic growth, the company will acquire an additional 20% equity stake in its subsidiary, M/s. Peanutbutter and Jelly Limited (PBJL). This acquisition, subject to conditions precedent, will increase Heritage Foods' shareholding in PBJL from 51% to 71%. PBJL is engaged in the business of curating and retailing healthy desserts, including Protein Ice Creams and Keto Desserts, under the brand name "GETAWAY". The acquisition is expected to be completed within 30 days and involves a cash consideration of ₹7.20 crore.
Furthermore, Heritage Foods will acquire the remaining 5.60% equity stake in its subsidiary, M/s. Heritage Novandie Foods Limited (HNFL). Upon completion of this acquisition, which is expected within 45 days and subject to conditions precedent, HNFL will become a Wholly Owned Subsidiary of Heritage Foods. HNFL is currently engaged in the manufacturing of flavoured yogurt products under the brand name “Livo” for Heritage Foods Limited.
The Board meeting commenced at 2:00 pm IST and concluded at 4:00 pm IST.
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Heritage Foods Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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