Latest News

Agro Tech Foods Changes Name to Sundrop Brands

Source |03:24 28 Apr 25

Agro Tech Foods Limited (ATFL) has officially changed its name to Sundrop Brands Limited, effective 8 Mar 25. The name change is effective from 8 Mar 25, following approval from the Ministry of Corporate Affairs.

ATFL

Agro Tech Foods (Sundrop Brands) Secures Trading Nod for 1.33 Crore Preferential Shares

Source |03:24 28 Apr 25

corporate actions fundraising regulatory filings

Agro Tech Foods Limited, now operating as Sundrop Brands Limited since 8 Mar 25, announced that it has received trading approvals from both BSE and NSE for 1,33,27,589 equity shares. These shares, with a face value of ₹10 each, were issued at a premium of ₹965.5 per share, bringing the total issue price to ₹975.5 per share.

The preferential issue of shares to non-promoter category allottees is in exchange for shares of Del Monte Foods Private Limited. Trading commenced on 13 Mar 25. This development follows previous communications on 14 Nov 24, 29 Jan 25, 5 Mar 25, and 7 Mar 25.

The allottees and their respective share allocations are:

DMPL India Limited: 54,25,096 shares
Bharti (SBM) Holdings Private Limited: 30,66,167 shares
Bharti (RBM) Holdings Private Limited: 19,16,355 shares
Bharti (RM) Holdings Private Limited: 19,16,355 shares
Bharti (Satya) Trustees Private Limited (on behalf of Bharti (Satya) Family Trust): 7,66,542 shares
Bharti Enterprises Limited: 2,37,074 shares

The lock-in period for these shares is set to expire on 30 Sep 25.

ATFL

Agro Tech Foods Rebrands as Sundrop Brands; Stock Symbol Changes to SUNDROP

Source |03:24 28 Apr 25

corporate actions regulatory filings

Agro Tech Foods Limited (ATFL) is changing its name to Sundrop Brands Limited. The company's stock symbol will also be changed from ATFL to SUNDROP. These changes will be effective from 28 Mar 25.