Desi Farms Allots Nearly 37 Lakh Compulsorily Convertible Debentures in Share Swap Deal
Desi Farms India Ltd, formerly SER Industries Limited, has completed the preferential allotment of 5% Compulsorily Convertible Debentures (CCD). The issuance was approved by the company's Board Meeting and Securities Issue Committee on July 7, 2026.The allocation of 36,56,494 CCDs at a price of Rs. 135/- per debenture, aggregating to Rs. 49,36,26,690/-, was made for consideration other than cash.
This allotment relates to the acquisition of SNA Milk and Milk Products Limited ('SNA') and DFSU Farmer Connect Private Limited ('DFSU'). The transaction mechanism involves a share swap on a fully diluted basis, in lieu of the acquisition.
The details of the CCD issuance are summarized below:
| Particulars | Details |
|---|---|
| Security Type | 5% Compulsorily Convertible Debentures (CCD) |
| Total Number Issued | 36,56,494 CCDs |
| Issue Price per CCD | Rs. 135/- |
| Premium per CCD | Rs. 125/- |
| Aggregate Value | Rs. 49,36,26,690/- |
The allotment was conducted on a preferential basis to various investors, including the promoter group and non-promoter entities. The details of the allottees are outlined in Annexure I of the records.
A breakdown of the CCD allocation between the two categories is as follows:
| Investor Category | Number of Allotted CCDs |
|---|---|
| Promoter Group | 1,20,000 |
| Non-Promoter Investors | 35,36,494 |
Stock Price Movement
Desi Farms India Ltd shares settled at ₹640.95 on Monday, reporting zero percentage change for the day. The stock ranged between a low of ₹608.95 and a high of ₹640.95 during trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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