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LT Foods Limited was incorporated in the 1980's. It is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market.
LT Foods, via its European subsidiary, is acquiring 100% of Global Green Europe Kft., Greenhouse AGRAR Kft., and Global Green International (UK) Ltd. for EUR 6 Mn upfront plus EUR 1.8 Mn earn-out. This expands LT Foods into processed ambient fruits and vegetables, diversifying its product portfolio across Europe.
LT Foods, via its European unit, is acquiring Global Green Europe Kft, Greenhouse AGRAR Kft, and Global Green International (UK) Ltd for EUR 6 Mn cash + EUR 1.8 Mn earn-out. This move diversifies LT Foods into processed fruits/vegetables, strengthening its footprint in Europe.
LT Foods has announced a board meeting. Its subsidiary, Ecopure Specialities, faces a preliminary 340% countervailing duty on organic soybean meal exports worth Rs. 50 crore for 2023. The company is confident about a favorable legal review and does not expect a significant impact on future earnings or cash flow.
LT Foods has announced a board meeting to consider the financial results for the quarter and half-year. Its step-down subsidiary, Ecopure Specialities, has been slapped with a 340.27% countervailing duty on organic soybean meal exports to the US, following an adverse facts available finding by the US Department of Commerce....
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Acquisition of a Step Down Subsidiary Company (WOS)- Golden Star Trading, Inc.