Sarveshwar Foods Limited — Board Meeting, 29-11-2024: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome where they approved the acquisition of the remaining 55% stake in Natural Global Foods DMCC, a Dubai-based company, making it a wholly owned subsidiary. This strategic move is expected to enhance operational control and foster growth in the Middle East market. The acquisition is set to be completed by December 31, 2024, with cash consideration at 3043.64 AED per share for 165 shares. This initiative aims to attract investors and strategic partners, driving further business expansion.