Sundrop Brands Limited — Others, 06-02-2025: Appointment

Agro Tech Foods Limited has announced a board meeting outcome highlighting key developments, including the approval of the financial results for the quarter and nine months ending December 31, 2024. The company has completed the acquisition of 100% share capital of Del Monte Foods Private Limited in an all-stock deal valued at INR 1,300 crore. This acquisition strengthens ATFL’s market position and aims to enhance product offerings and operational capabilities. Additionally, the board approved a preferential allotment of 1,33,27,589 equity shares at INR 975.5 each as part of the transaction and appointed Mr. Harjeet Kohli as a Non-Executive Non-Independent Director. This strategic move is likely to positively influence investor sentiment by showcasing growth potential and operational synergies.