Hamps Bio Limited Expands Operations with Strategic Acquisition
Hamps Bio Limited has announced its decision to acquire 100% equity stake in HSDL Innovative Private Limited for ₹2,03,78,718.21 through a cash transaction. The acquisition has been disclosed under SEBI LODR regulations as it constitutes a related party transaction, with the company’s promoters and their relatives being existing shareholders of the target entity.
HSDL Innovative Private Limited, incorporated on February 17, 2017, operates in the freeze-drying food process business. The company is headquartered at Shop No 410, 4th Floor, Royal Platinum, Palanpore, Surat, Gujarat, and specializes in freeze-drying fruits, vegetables, herbs and ready-to-eat foods.
Business Operations and Financial Performance
The target company has demonstrated consistent growth in its turnover over the past three financial years. HSDL Innovative reported a turnover of ₹1,86,64,115.42 for the financial year ended March 31, 2025, according to its last audited financial statements.
The acquisition involves a cash consideration of ₹2,03,78,718.21 for acquiring 100% equity shares of HSDL Innovative Private Limited. Post-acquisition, Hamps Bio Limited will hold complete control over the target company, making it a wholly-owned subsidiary.
Strategic Objectives and Regulatory Considerations
The management of Hamps Bio Limited has proposed this acquisition with the objective to consolidate the business of freeze-drying food process and freeze-drying fruits, vegetables, herbs and ready-to-eat foods under the umbrella of Hamps Bio Limited. This strategic move aims to create a wholly-owned subsidiary structure for better operational control and business integration.
The transaction has been classified as a related party transaction under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The promoters of Hamps Bio Limited along with their relatives are existing shareholders of HSDL Innovative Private Limited, necessitating this disclosure under regulatory requirements. No governmental or regulatory approvals are required for completing this acquisition.
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Impact on Investors and Market Outlook
The acquisition of HSDL Innovative Private Limited by Hamps Bio Limited is expected to have a positive impact on the company’s operations and financial performance. With the consolidation of freeze-drying food business operations, Hamps Bio Limited aims to enhance its market presence and competitiveness.
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