Auri Grow India Ltd Board accepts proposal of Hong Kong based FII, Luminary Crown Ltd for acquiring 24% stake
- Board has authorised management to evaluate permissible modes of investment including, Rights Issue, QIP, Preferential allotment etc
- LoI proposes the acquisition of up to 24% equity stake at an indicative price of Rs. 2 per equity share. Current share price on 30 December is Rs. 0.80
Indore, Madhya Pradesh: 30 December 2025: Board of Directors of Auri Grow India Ltd (NSE - AURIGROW), company in high-growth agriculture, agri-technology and export-oriented enterprise has accepted and given in principle approval to the proposal of Hong Kong-based Foreign Institutional Investor, Luminary Crown Ltd to explore possibility of acquiring 24% stake in the company including strategic investment and business collaboration in the board meeting held on 29 December subject to applicable approvals, compliances and further evaluation.
The Board has authorised the management to evaluate various permissible modes of acquisition / investment, which may include, but shall not be limited to Rights issue, Qualified Institutions Placement (QIP), Preferential allotment, Open market transactions or any other method permitted under applicable laws and regulations. The final structure, if any, shall be determined after considering regulatory requirements, market conditions, shareholder interest and commercial feasibility.
The Board has also decided that no Board seat or special governance rights shall be granted to the proposed investor. The proposed investment, if undertaken, shall be on the basis of standard shareholder rights only, in accordance with applicable laws and regulations, and shall not involve any management control or Board representation. The Company shall make appropriate disclosures to the Exchange(s) in accordance with SEBI LODR Regulations as and when any material development occurs.
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Letter of Intent from Hong Kong based FII, Luminary Crown Ltd The LoI proposes the acquisition of up to 24% equity stake in Auri Grow India Ltd on a fully diluted basis at an indicative price of Rs. 2 per equity share. Current share price on 30 December is Rs. 0.80. The proposed investment is envisaged through a primary issuance by way of preferential allotment, subject to applicable regulatory, statutory and shareholder approvals. Key aspects of LOI also includes participation in the board, strategic expansion in to rice processing & exports, hydroponics & Aeroponics Farming, Organic farming among others. Strategic Business Collaboration Initiatives of Letter of Intent includes:-
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In respect of the LOI received, discussions and acceptance are in-principle and exploratory in nature and no binding agreement has been executed at this stage. Any definitive transaction shall be subject to board approval, shareholder approval, regulatory and stock exchange approval.
For FY24-25, company has reported sales of Rs. 175.55 crore as compared to sales of Rs. 16.76 crore in FY23-24, 10 fold growth. Net profit of the company in FY25 also increased to Rs. 7.17 crore as against net profit of Rs. 51 lakh in the corresponding period last year.
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