Heritage Foods Limited (HERITGFOOD) — Board Meeting

📢 Key Event
Board approved unaudited financial results and two strategic acquisitions.

🔄 What Changed
Increased stake in PBJL to 71% and HNFL to 100%, subject to conditions precedent.

🔮 What's Next
Completion of acquisitions within 30-45 days post-board approval, contingent on conditions precedent.

💡 Investor Takeaway
These acquisitions aim to expand market reach and create long-term shareholder value through strategic growth in food and beverages and dairy segments.

Heritage Foods Limited announced on July 16, 2026, the approval of unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside strategic acquisitions. The company plans to increase its stake in Peanutbutter and Jelly Limited to 71% for INR 7.20 crore, making it a wholly owned subsidiary, and to acquire a 5.60% stake in Heritage Novandie Foods Limited, raising its holding to 94.40%. The board also reviewed segment performance, with dairy contributing significantly to total revenue of INR 13,889.39 crore. The acquisitions aim to expand market reach in food and beverages and dairy segments, enhancing long-term shareholder value. The financial results show a profit after tax of INR 388.22 crore, with earnings per share of INR 2.87.

📄 View Original Announcement (PDF)

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