Heritage Foods to acquire 20% stake in Peanutbutter and Jelly, making it 71% owned
Heritage Foods' Board approved Q1 FY27 results. The company will acquire an additional 20% stake in subsidiary PBJL for ₹7.20 crore, increasing its holding to 71%. It will also acquire the remaining 5.60% in HNFL for ₹25 Lakhs, making it a wholly-owned subsidiary.
The acquisitions, while strategic, are of subsidiaries and do not represent a major change in the overall business size or market position, hence a medium impact.
The company is increasing its stake in subsidiaries, which is a positive strategic move for growth and consolidation.
Heritage Foods Limited announced the outcome of its Board Meeting held on July 16, 2026.
The Board approved the Un-Audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditors.
In a significant move, the company will acquire an additional 20% equity stake in its subsidiary, M/s. Peanutbutter and Jelly Limited (PBJL). This acquisition, subject to fulfillment of conditions precedent, will increase Heritage Foods' shareholding in PBJL from 51% to 71%. The consideration for this acquisition is ₹7.20 crore. PBJL is engaged in curating and retailing healthy desserts under the brand name "GETAWAY". The acquisition is expected to be completed within 30 days from the Board's approval.
Furthermore, Heritage Foods will acquire the remaining 5.60% equity stake in another subsidiary, M/s. Heritage Novandie Foods Limited (HNFL), for a cash consideration of ₹25 Lakhs. Upon completion of this acquisition, HNFL will become a Wholly Owned Subsidiary of Heritage Foods, with the shareholding increasing from 94.40% to 100%. This acquisition is expected to be completed within 45 days, subject to conditions precedent.
The Board meeting commenced at 2:00 pm IST and concluded at 4:00 pm IST on July 16, 2026.
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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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