SIL Investments Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors has approved an investment not exceeding ₹2.42 crore in Morton Foods Limited, acquiring shares from its promoters. Morton Foods, operating in the FMCG sector, reported a turnover of ₹35 crore for the fiscal year ending March 2024. The transaction qualifies as a related party transaction, but it will be conducted at arm's length. This investment is aligned with the company's ordinary business operations, with no intention to acquire control over Morton Foods. Completion of the acquisition is expected on or before March 31, 2025.