Key Highlights
- Elpro International acquired 5,47,946 equity shares of Sundrop Brands Limited through a cash transaction.
- Total acquisition cost for the equity stake stands at ₹39.18 crore.
- Post-acquisition, Elpro International’s total holding increased to 5,56,946 equity shares.
- Sundrop Brands reported consolidated total income of ₹901.19 crore in FY25.
- The acquisition was undertaken for investment purposes and is not a related-party transaction.
Elpro International Ltd has announced the acquisition of equity shares in Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, in a transaction carried out through cash consideration. The acquisition has been disclosed under Regulation 30 of the SEBI Listing Regulations.
As part of the transaction, Elpro International acquired 5,47,946 equity shares of Sundrop Brands at a total cost of ₹39.18 crore. Following this fresh acquisition, Elpro International’s total holding in Sundrop Brands has increased to 5,56,946 equity shares, including its earlier holding of 9,000 shares.
Sundrop Brands operates in the manufacturing, marketing, and sale of a wide range of food products and edible oils. Its portfolio includes ready-to-cook snacks, ready-to-eat snacks, spreads and dips, breakfast cereals, and chocolate confectionery. The company is listed on both the National Stock Exchange and the Bombay Stock Exchange.
For the financial year ended FY25, Sundrop Brands reported consolidated revenue from operations of ₹898.87 crore, with total consolidated income at ₹901.19 crore. The company has demonstrated stable revenue performance over the past three financial years, reflecting consistent demand across its core product categories.
Elpro International stated that the acquisition has been undertaken purely for investment purposes. The transaction does not fall under related-party transactions, and no regulatory or governmental approvals were required for completion of the acquisition.
The move marks Elpro International’s strategic investment exposure to the branded food and edible oils segment, a sector that continues to see steady consumer demand and long-term growth potential in the Indian market.