Hindustan Foods Limited Acquires Business Undertaking from Ultra Beauty Care Private Limited
Hindustan Foods Limited announced that it has executed a Business Transfer Agreement (BTA) on March 23, 2026, with Ultra Beauty Care Private Limited for the acquisition of a business undertaking. The undertaking is located at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, India – 431201, and is engaged in the contract manufacturing of ayurvedic, herbal beauty care and cosmetic products on a slump sale and going concern basis.The transaction involves a cash consideration of INR 19,90,00,000 (Rupees Nineteen Crores and Ninety Lakhs only), subject to customary adjustments as outlined in the BTA. The acquisition is expected to be completed by the first quarter of fiscal year 2026-27.
The acquisition is in line with Hindustan Foods Limited’s strategy to expand its business into a comprehensive range of ayurvedic, herbal beauty care and cosmetic products. The transaction does not fall within related party transactions, and the promoter/promoter group of the company has no interest in the acquired entity.
The completion of the acquisition is subject to customary approvals required for the transfer of licenses and permissions under applicable laws.
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