Anjani Foods Limited, previously known as Raasi Enterprises Limited, is a publicly traded company established on June 25th, 1983, headquartered in Bhimavaram, Andhra Pradesh. Operating within the food and beverages sector, the company holds M/s. Sai Aditya Foods and Retail Private Limited as its subsidiary as of March 31, 2018. Investments were made in this subsidiary in 2015 totaling Rs 1.50 Crores, in accordance with Section 186 of the Companies Act, 2013. In the same year, the company acquired a 73.95% stake in a food industry, which subsequently became its subsidiary.
On July 18th, 2016, the Board of Directors approved a Scheme of Amalgamation and Arrangement between Anjani Foods Limited and its subsidiary, Sai Aditya Foods and Retail Private Limited, subject to necessary approvals under the Companies Act 1956 / 2013. The Appointed Date for the scheme was set as April 1st, 2016. Members of the company approved the scheme at a meeting convened by the Tribunal on July 22nd, 2017. In light of this amalgamation scheme, the company sought an extension for holding its Annual General Meeting from the Registrar of Companies, Hyderabad, which was granted, allowing the meeting to take place by December 31, 2017. The matter was heard by the Hon'ble National Company Law Tribunal, Hyderabad Bench, on October 27th, 2017, with orders being reserved. The company received the Hon'ble NCLT Order from the Hyderabad Bench on December 16th, 2017, finalizing the approval of the Tribunal for the merger of its subsidiary, Sai Aditya Foods & Retail Private Limited. Subsequently, a Board meeting held on January 12th, 2018, resolved to issue and allot 15,89,780 equity shares at Rs. 10/- each to the members of Sai Aditya Foods (Transferor Company).
During the fiscal year 2017-18, in accordance with the National Company Law Tribunal's order, Anjani Foods Limited amalgamated its subsidiary, Sai Aditya Foods & Retail Private Limited. The following fiscal year, the company expanded its operations in Telangana by establishing Students' Cafe outlets within college campuses in Hyderabad, catering to the tastes and preferences of the younger demographic. Additionally, during 2019, the company extended an advance loan in the form of Inter Corporate Deposits to M/s. Senta Foodwork Private Limited.
On July 18th, 2016, the Board of Directors approved a Scheme of Amalgamation and Arrangement between Anjani Foods Limited and its subsidiary, Sai Aditya Foods and Retail Private Limited, subject to necessary approvals under the Companies Act 1956 / 2013. The Appointed Date for the scheme was set as April 1st, 2016. Members of the company approved the scheme at a meeting convened by the Tribunal on July 22nd, 2017. In light of this amalgamation scheme, the company sought an extension for holding its Annual General Meeting from the Registrar of Companies, Hyderabad, which was granted, allowing the meeting to take place by December 31, 2017. The matter was heard by the Hon'ble National Company Law Tribunal, Hyderabad Bench, on October 27th, 2017, with orders being reserved. The company received the Hon'ble NCLT Order from the Hyderabad Bench on December 16th, 2017, finalizing the approval of the Tribunal for the merger of its subsidiary, Sai Aditya Foods & Retail Private Limited. Subsequently, a Board meeting held on January 12th, 2018, resolved to issue and allot 15,89,780 equity shares at Rs. 10/- each to the members of Sai Aditya Foods (Transferor Company).
During the fiscal year 2017-18, in accordance with the National Company Law Tribunal's order, Anjani Foods Limited amalgamated its subsidiary, Sai Aditya Foods & Retail Private Limited. The following fiscal year, the company expanded its operations in Telangana by establishing Students' Cafe outlets within college campuses in Hyderabad, catering to the tastes and preferences of the younger demographic. Additionally, during 2019, the company extended an advance loan in the form of Inter Corporate Deposits to M/s. Senta Foodwork Private Limited.
