Agro Tech Foods announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 December 2024 .Powered by Capital Market - Live News

The Board of Agro Tech Foods at its meeting held on 14 November 2024 has approved the acquisition of Del Monte Foods (DMFPL). Pursuant to the completion of the proposed acquisition, DMFPL will become a wholly owned subsidiary of the Company.The Board has approved the issue of upto 1,33,27,589 fully paid-up equity shares of the Company having a face value of Rs. 10/- each at a price of Rs. 975.5/- per equity share (i.e., a premium of Rs. 965.5/- per equity share) (Preferential Allotment Price) for acquisition of 100% stake in Del Monte Foods, for consideration other than cash on a preferential issue basis. Powered by Capital Market - Live News

The Board of Agro Tech Foods at its meeting held on 14 November 2024 has approved the change in company name from �Agro Tech Foods� to �Sundrop Brands� or any other name as may be available and approved by Ministry of Corporate Affairs and consequential alteration in Memorandum of Association and Articles of Association of the Company to give effect to the change of name of the Company, subject to the shareholders` approval. Powered by Capital Market - Live News

Agro Tech Foods will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Net profit of Agro Tech Foods declined 97.33% to Rs 0.05 crore in the quarter ended September 2024 as against Rs 1.87 crore during the previous quarter ended September 2023. Sales rose 2.44% to Rs 205.64 crore in the quarter ended September 2024 as against Rs 200.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales205.64200.74 2 OPM %2.994.28 - PBDT5.737.86 -27 PBT0.212.52 -92 NP0.051.87 -97 Powered by Capital Market - Live News