Foods & Inns Ltd. Board has approved setting up a new subsidiary, F-HAD Private Limited.

This entity will focus on branding and marketing of food products, specifically fruits and vegetables, aligning with FIL's core business.

The company will initially acquire 51% shareholding in F-HAD with a small cash consideration (initial paid-up capital of the subsidiary is Rs 0.01 Cr). This move is designed to strengthen market presence & brand reach.

Approvals pending. #FoodsInns #NewVenture