DFM Foods is currently trading at Rs. 376.40, up by 0.60 points or 0.16% from its previous closing of Rs. 375.80 on the BSE.
The scrip opened at Rs. 370.40 and has touched a high and low of Rs. 377.10 and Rs. 370.35 respectively. So far 6432 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 389.60 on 31-Oct-2022 and a 52 week low of Rs. 187.25 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 379.80 and Rs. 370.10 respectively. The current market cap of the company is Rs. 1890.37 crore.
The promoters holding in the company stood at 73.70%, while Institutions and Non-Institutions held 4.21% and 22.10% respectively.
DFM Foods has received approval from board of directors to transfer/shift its investment from Belenus Solar (BSPL) to Upendra Singh Multi Transmission (USMTPL) by executing Novation cum Amendment agreement with USMTPL, executing Share Subscription and Shareholders agreement with USMTPL and cancelling deed with BSPL.
Earlier, an investment was made by the Company in BSPL by acquiring and/or subscribing equity shares amounting to Rs. 96 lakh (5.57% of total paid-up capital of BSPL). A Share Subscription and Shareholders agreement and Power Purchase agreement on May 18, 2021 (SSHA) was executed to get renewable energy from a cost saving perspective.
The said SSHA executed with BSPL will be cancelled and terminated via Cancellation Deed. The investment referred in the SSHA will be shifted/transferred to USMTPL by executing a new Shareholders' agreement. All the rights, liabilities, duties and obligations of BSPL, as mentioned in SSHA will be transferred to USMTPL via Novation Cum Amendment agreement.
DFM Foods is engaged in the business of manufacturing, selling and marketing of packaged snack foods.
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