27-Oct-2026 19:25:08

SHAHINVESTAcquisition and merger

SHAHINVEST : ACQUIRES 6.25% STAKE IN FICUS FOOD LAB WORTH OVER RS 6 CR

• Board approved acquisition of 71,857 equity shares, representing 6.25% of Ficus Food Lab, at ₹835/share (including premium of ₹825/share) • Cash consideration; aggregate cost works out to ~₹6 Cr • Ficus Food Lab is a B2B private-label maker of wet condiments including mayonnaise, dips, dressings, sauces and syrups; also owns brand Damn Good! Obliviously • Target turnover: FY24 ₹1.11 Cr, FY25 ₹5.00 Cr, FY26 ₹14.71 Cr • Acquisition to support operations, current order execution, additional capacity and working capital • Completion targeted within one month, subject to formalities

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