PAPajson Agro India544657Acquisition deal news

Board approves 100% acquisition of Pacific Global FZCO via share swap; preferential issue of ~1.21 crore shares

Pajson Agro India's board, at its November 04, 2026 meeting, approved a bundle of proposals: 🏭 buying 100% of Dubai-based Pacific Global FZCO for ~Rs.

By ScoutQuest · Wed 4 Nov 2026, 7:49 PM IST · 3 min read

Purchase consideration

~Rs. 354.52 crore

Preferential issue size

up to ~1.21 crore shares at Rs. 294 each

Target turnover (Jan-Aug 2026)

INR 104.18 crores

What the board approved

The board of Pajson Agro India met on Wednesday, November 04, 2026 and approved a set of linked proposals. The two that matter most for shareholders are the purchase of a UAE-based cashew processing business and the way it is being paid for: new Pajson Agro shares handed to the sellers instead of cash.

The acquisition

• The company will acquire 100% of the fully paid-up equity share capital of Pacific Global FZCO, a limited liability company registered in Dubai, UAE.
• Pacific Global, along with its wholly owned subsidiaries, procures raw cashew nuts, manages inventory and processes them into kernels, which are sold to third-party customers in the US, Europe, the Middle East and China. It has a presence in UAE and Cote d'Ivoire.
• The stated object is expansion of business operations and a stronger presence in international markets.
• The update describes the transaction as a swap of shares under Chapter V of the SEBI ICDR Regulations, outside the purview of related party transactions.

How it is paid for

• Total purchase consideration is ~Rs. 354.52 crore, settled through a share swap, with no cash payout.
• Pajson Agro will issue up to ~1.21 crore equity shares on a preferential basis at Rs. 294 per equity share to the existing shareholders of Pacific Global.
• The proposed allottees are Pulkit Jain (Promoter category), Jayesh Bhagia and Parshva Jain (Public category).
• The preferential issue is subject to approval of the shareholders and other regulatory or statutory approvals as may be required.

How the target business looks

• Turnover of Pacific Global for January 2026 to August 2026 was INR 104.18 crores (consolidated).
• Net worth as on August 31, 2026 was INR 351.20 crores (consolidated).
• Pacific Global was incorporated on August 20, 2025, and its turnover from August 2025 to December 2025 was Nil.
• The acquisition timeline stated is approximately 2-3 months after shareholder approval of the preferential issue.

Share capital and process

• Authorised share capital is proposed to be increased to Rs. 40 crore, subject to member approval, with a consequent alteration of the capital clause of the Memorandum of Association.
• A Preferential Issue Committee of the board has been constituted to take the necessary actions and finalise the documents for the issue.

Employee stock options

• The board approved the Pajson Agro Employee Stock Option Scheme 2026 with a pool of ~11.9 lakh options, each exercisable into one equity share.
• The scheme is to be implemented through fresh allotment of shares and administered by the Nomination and Remuneration Committee, and has been extended to eligible employees of group companies and subsidiaries.
• The update states that no options have been granted under the scheme as on date.

What happens next

• The preferential issue and the capital increase require member approval. An extraordinary general meeting is scheduled for Friday, December 04, 2026.
• Points a shareholder may want to track: the outcome of the EGM resolutions, the completion of the acquisition, and the actual allotment of the new shares.

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