Desi Farms Completes Preferential Allotment of Shares as Part of Entity Acquisition
Desi Farms India Ltd., formerly known as SER Industries Limited, has completed the allotment of equity shares on a preferential basis. The issue was finalized following approval by the company's Board Meeting and Securities Issue Committee.A total of 2,11,07,790 equity shares were allotted at an issue price of Rs. 135/- per share. This allocation included a premium of Rs. 125/- per Equity Share, resulting in the aggregate consideration amount of Rs. 2,84,95,51,650/-.
The preferential allotment was made to various persons, including both promoter and non-promoter shareholders, for consideration other than cash. This transaction is tied to the share swap mechanism used for the acquisition of SNA Milk and Milk Products Limited ('SNA') and DFSU Farmer Connect Private Limited ('DFSU').
As per the details of the issue, the allotment followed a special resolution passed by shareholders at an Extra-ordinary General Meeting held on February 20, 2026.
Key financial details regarding the preferential allotment are summarized below:
| Particulars | Detail |
|---|---|
| Type of Securities Issued | Equity Shares |
| Issuance Method | Preferential Allotment |
| Total Number of Shares | 2,11,07,790 |
| Face Value per Share | Rs. 10/- |
| Issue Price per Share | Rs. 135/- (including a premium of Rs. 125/-) |
| Aggregate Amount | Rs. 2,84,95,51,650/- |
The allotment included significant participation from the promoter group and other investors. Sunil Kumar Shahi was among the allottees, receiving 12,061,790 shares as a Promoter. The company's commitment to acquiring SNA and DFSU utilized this preferential share swap mechanism.
Stock Price Movement
Desi Farms India Ltd shares settled at ₹640.95 on Monday, registering no change for the day. The stock traded within a range during the session, reaching an intraday high of ₹640.95 and dipping to a low of ₹608.95.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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