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

Agro Tech Foods Limited has announced a board meeting outcome, approving the unaudited financial results for the quarter and nine months ending December 31, 2024. The company has successfully completed its acquisition of 100% of Del Monte Foods Private Limited, enhancing its position in the packaged foods sector. This all-stock transaction, valued at INR 1,300 crore (cr), will contribute significantly to ATFL’s revenue and EBITDA. Additionally, Mr. Harjeet Kohli has been appointed as a director, indicating a strategic shift towards broader leadership. Investors may view this acquisition positively due to expected synergies and strengthened market presence.