DSM Fresh Foods Ltd. Incorporates Subsidiary, Varuna Aquatech Private Limited
DSM Fresh Foods Limited announced the incorporation of a new subsidiary, Varuna Aquatech Private Limited, on March 17, 2026. The move aligns with the company’s strategy to expand into the aquaculture and allied business sector.The Board of Directors approved the establishment of Varuna Aquatech Private Limited, which will focus on seafood and related allied activities. The authorized share capital of the subsidiary is set at ₹10,00,000, with a paid-up share capital of ₹1,00,000.
DSM Fresh Foods Limited will hold a 71% stake in Varuna Aquatech Private Limited. Rajnish Kumar will acquire 20% of the subsidiary’s share capital, while Akhil Gupta will own 9%. The shares will be subscribed at face value.
The subsidiary’s operations will include aquaculture, fisheries, processing, trading, export, and related activities. The acquisition will be treated as a related-party transaction. No governmental or regulatory approvals are required for the incorporation. The timeline for completion is subject to obtaining necessary approvals.
Table: Subsidiary Details
| Particulars | Details |
|---|---|
| Name of the target entity | Varuna Aquatech Private Limited (Proposed Company) |
| Authorized Share Capital | ₹ 10,00,000 |
| Paid-up Share Capital | ₹ 1,00,000 |
| DSM Fresh Foods Ltd. Stake | 71% |
| Industry | Aquaculture / Fisheries / Food Processing |
| Cost of acquisition | Face value (₹10 per share) |
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