SIL Investments Limited — Important, 28-03-2025: Updates

The Board of Directors of SIL Investments Limited has approved an investment of up to Rs. 2.42 Crore in Morton Foods Limited, a company operating in the Fast-Moving Consumer Goods (FMCG) sector. This acquisition will involve purchasing equity shares from Morton Foods' promoters and will be executed as a related party transaction. The shares will be acquired for cash, with an expected completion by March 31, 2025. Morton Foods reported a turnover of Rs. 35 Crore for the financial year 2023-24, demonstrating a steady business presence in India, though its turnover has shown a decline over the past three years. This strategic investment aligns with SIL's aim to expand its portfolio within the consumer goods space, although it does not intend to assume control over Morton Foods’ management. Investors should watch closely for how this acquisition impacts SIL's future growth and financial trajectory.