Consideration paid for further 5.60% acquisition in subsidiary; share transfer under process

Heritage Foods Ltd has informed the exchanges that it has paid the purchase consideration on October 9, 2026 for the proposed further acquisition of 5.60% of the equity share capital of Heritage Novandie Foods Limited (HNFL).

Sat 10 Oct 2026

Stake Acquired

5.60% of the equity share capital of Heritage Novandie Foods Limited (HNFL)

Consideration Payment Date

October 9, 2026

Earlier Communications

July 16, 2026 and August 29, 2026

Payment made, share transfer in process

• Heritage Foods Ltd has told the exchanges that it has paid the purchase consideration on October 9, 2026 for the proposed further acquisition of 5.60% of the equity share capital of Heritage Novandie Foods Limited (HNFL).
• HNFL is described in the letter as a subsidiary company of the company.
• The update states that the transfer of these equity shares is currently under process.

Background

• This letter is an update to the company's earlier communications dated July 16, 2026 and August 29, 2026, which referred to the proposed further acquisition of 5.60% of the equity share capital of HNFL.
• The intimation is made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

What this means in simple terms

• Buying shares usually moves in steps: agreeing the deal, paying the consideration, and then getting the shares transferred in the buyer's name.
• Here the company says the consideration has been paid. The transfer of the shares is still in process.
• The stake referred to is 5.60% of the equity share capital of HNFL, an entity the company already describes as a subsidiary.

What the letter says and what it does not

• The communication confirms payment of the purchase consideration and that the share transfer is under process.
• It does not state that the transfer has been completed.
• Holders may see a further intimation from the company when the transfer of the shares is completed.

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