DESI FARMS INDIA LIMITED : ACQUISITION OF SNA MILK AND MILK PRODUCTS LIMITED AND DFSU FARMER CONNECT PRIVATE LIMITED WORTH APPROX RS 49.36 CR

• Desi Farms India Limited approved allotment of 36,56,494 5% Compulsorily Convertible Debentures on a preferential basis to shareholders of SNA Milk and Milk Products Limited (“SNA”) and DFSU Farmer Connect Private Limited (“DFSU”) • Consideration other than cash, pursuant to acquisition of 73.66% stake in SNA and 62.67% stake in DFSU • Acquisition of SNA and DFSU is a related party transaction; Mr. Sunil Kumar Shahi belongs to Promoter / Promoter Group and is Director/Shareholder of target entities • Transaction executed at 'arm's length' as per valuation report • Cost of acquisition is approximately Rs. 49.36 Crores • Acquisition is part of the Company's strategic expansion and diversification plan

Desi Farms India Ltd

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