Magson Retail and Distribution Limited Executes Business Transfer Agreement
Magson Retail and Distribution Limited announced today, March 30, 2026, that it has entered into a Business Transfer Agreement with M/s. Ksheer Milk and Products, Ahmedabad. This follows a prior announcement on December 31, 2025, regarding the Board of Directors’ decision to acquire the business of M/s. Ksheer and Milk Products. The agreement is on an exclusive basis.The company secretary and compliance officer, Himani Thakkar, executed the agreement.
Key Details of the Agreement:
The following details, as outlined in Annexure-I, pertain to the agreement:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name(s) of the parties with whom the Agreement is entered | M/s. Ksheer Milk and Products |
| 2 | Purpose of entering into agreement | To purchase and acquire the businesses. The Agreement is on exclusive basis. |
| 3 | Shareholding, if any, in the entity with whom the agreement is executed | NIL |
| 4 | Significant Terms of the Agreement (in brief) special rights like right- to appoint directors, first right to- share subscription in case of -issuance of shares, right to restrict any change in capital structure etc.; | No such rights related to appointment of Directors, Shares and restrictions given in the Agreement. |
| 5 | Whether, the said parties are related to promoter/ promoter group/ group companies in any manner, if yes, nature of relationship | No. |
| 6 | Whether the transaction would fall with related party transaction? If / yes, whether the same is done at "arm length". | No |
| 7 | In case of issuance of shares to parties, details of issue price, class of shares issued; | Not Applicable |
| 8 | Any other disclosure related to such agreements viz, details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreement etc.; | None |
| 9 | in case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement. b) nature of the agreement. c) date of execution of the agreement. d) details of amendment and impact thereof or reasons of termination and impact thereof | Not Applicable |
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