Jubilant Foodworks Limited — Important, 15-12-2024: Sale or disposal

Hashtag Loyalty Private Limited, an associate of Jubilant FoodWorks Limited, has initiated voluntary liquidation. Jubilant holds a 31.66% share in Hashtag, valued at Rs. 247.51 million in the company’s standalone financial results and Rs. 44.97 million in consolidated results as of September 30, 2024. In the last financial year, Hashtag contributed Rs. 38.49 million in total income, representing 0.39% of Jubilant’s consolidated net worth of Rs. 118.01 million as of March 31, 2024. The liquidation process is currently underway, with no additional considerations or buyers specified. This development could have implications for Jubilant's future financial strategy and resource allocation, warranting close observation by investors.