ATFL2024-10-012024-12-31 ATFL2024-10-012024-12-31 ATFL2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member ATFL2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member ATFL2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member ATFL2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member ATFL2024-12-31 ATFL2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ATFL2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500215 ATFL NOTLISTED Agro Tech Foods Limited Equity 2024-04-01 2025-03-31 2025-02-06 2025-01-29 INR Lakhs Third quarter 14:30:00 17:00:00 2025-02-06 2025-02-06 Not applicable Single segment FOOD BUSINESS 2024-10-01 2024-12-31 Unaudited Consolidated 2083000000.00 3700000.00 2086700000.00 1244400000.00 100000.00 51500000.00 176200000.00 2300000.00 55300000.00 466800000.00 1996600000.00 90100000.00 -37800000.00 52300000.00 0.00 13200000.00 13200000.00 0.00 39100000.00 0.00 0.00 0.00 0.00 39100000.00 3300000.00 42400000.00 42400000.00 0.00 42400000.00 0.00 243700000.00 10 1.61 1.61 0.00 0.00 1.61 1.61 0.00 0.00 0.00 1. These financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on February 6, 2025. 2. These results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and are as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The statutory auditors have carried out a limited review of these results for the quarter and nine months ended December 31, 2024 and have issued an unmodified report on these results. 3. The consolidated financial results include the results of Agro Tech Foods Limited (the Parent Company /the Company ) and its wholly-owned subsidiaries (i) Sundrop Foods India Private Limited; India (ii) Agro Tech Foods (Bangladesh) Pvt. Ltd.; Bangladesh and (iii) Sundrop Foods Lanka (Private) Limited; Sri Lanka (together referred to as “the Group”). 4. In the context of Indian Accounting Standard (Ind AS) 108 Operating Segments, “Foods” is considered as the operating segment of the Company since the ‘Chief Operating Decision Maker’ (CODM) reviews business performance at an overall Company level as one segment. 5. In the previous year, the Parent Company received an amount of INR 113 lakhs in respect of the 'Business Interruption claim' made by it in relation to the fire incident at one of the manufacturing locations of the Parent Company in the earlier years. This insurance claim received by the Parent Company has been included and disclosed as Other Income in the financial results for the nine months ended December 31, 2023 and for the year ended March 31, 2024. 6. Pursuant to previously submitted Public Announcement of Open Offer made on the February 29, 2024 and a copy of Detailed Public Statement made on March 7, 2024, the change in control of Agro Tech Foods Limited ( Company or Parent ) has occurred through the indirect acquisition of the Parent Company by Zest Holding Investments Limited by way of acquisition of shares from CAG-Tech (Mauritius) Limited (Promoter of the Company). Zest Holding Investments Limited now holds 100% of the issued and paid-up share capital of CAG-Tech (Mauritius) Limited, constituting 51.77% of the paid-up equity share capital of the Parent Company on a fully diluted basis and has acquired control over the Company. 7. In the previous quarter, the Parent Company has received amount of INR 1,126 lakhs from Conagra Brands Inc. (erstwhile Ultimate Holding Company) as reimbursement towards one time retention incentive payment to certain employees. The transaction does not have any impact in the Unaudited Standalone and Consolidated financial results for the nine months ended December 31, 2024. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 5950000000.00 7100000.00 5957100000.00 3713000000.00 200000.00 12100000.00 507300000.00 14500000.00 164100000.00 1450900000.00 5862100000.00 95000000.00 -37800000.00 57200000.00 2500000.00 13100000.00 15600000.00 0.00 41600000.00 0.00 0.00 0.00 0.00 41600000.00 -7500000.00 34100000.00 34100000.00 0.00 34100000.00 0.00 243700000.00 10 1.71 1.71 0.00 0.00 1.71 1.71 0.00 0.00 0.00 Advertisement and sales promotion expense 36700000.00 Other expenses 430100000.00 Advertisement and sales promotion expense 189600000.00 Other expenses 1261300000.00 8. The Board of Directors of the Parent Company at their meeting held on November 14, 2024 approved the acquisition of 100% of issued and outstanding equity shares of Del Monte Foods Private Limited (DMFPL) from its current shareholders. The consideration for acquiring DMFPL will be the issuance of equity shares of the Parent Company to the existing shareholders of DMFPL through preferential allotment. This acquisition is expected to achieve synergy by integrating acquired assets into the Parent Company’s existing business and help in exploring untapped geographies and categories. Subsequent to the quarter and period ended December 31, 2024, the Competition Commission of India (CCI) has approved the proposed acquisition transaction on January 21, 2025 and the Company has received approval from BSE Limited on January 28, 2025 and from National Stock Exchange of India Limited on January 29, 2025.The preferential allotment of the shares to the existing shareholders of DMFPL approved by the Board of Directors at their meetings held on February 6, 2025. 9. The Parent Company has incurred acquisition-related costs as detailed in note 8 of INR 378 lakhs on legal, professional , due diligence costs and other fees. These costs have been presented as an expense in the financial results under the head ‘ Exceptional Items’. In the previous year, the Parent Company had received the income tax refund orders relating to earlier years which includes interest income of INR 268 lakhs, such interest income has been presented as 'Exceptional Items' in the financial results for the year ended March 31, 2024. 0.00 0.00 Exchange differences in translating the financial statements of n foreign subsidiaries 3300000.00 Exchange differences in translating the financial statements of n foreign subsidiaries -7500000.00 3300000.00 -7500000.00 0.00 0.00