Jubilant FoodWorks Limited has announced an update regarding the purchase agreement for acquiring a stake in Haldiram Foods Private Limited. Following the original agreement from December 29, 2025, the parties have mutually agreed to cease the transaction. This decision comes after the mandatory conditions stipulated in the original agreement were not fulfilled by the stipulated date of February 20, 2026. Consequently, the proposed acquisition will no longer proceed.
Cessation of Share Purchase Agreement
Jubilant FoodWorks Limited (the “Company”) has officially announced that the execution of the purchase agreement dated December 29, 2025, concerning the acquisition of a stake in Haldiram Foods Private Limited (“Haldiram’s”), will not be completed. The agreement was conditional upon certain fulfillment criteria being met by the parties involved.
Reason for Termination
The Company confirms that the transaction has ceased because the conditions precedent required under the purchase agreement were not satisfied or fulfilled on or before the specified deadline of February 20, 2026. This milestone date has now passed without the required conditions being met.
Impact of Non-Completion
As a direct result of the conditions not being met, the proposed acquisition of the stake in Haldiram’s, which included the acquisition of the founder’s entire stake (0.6881%), will not move forward. Both parties have mutually agreed to terminate the transaction, meaning the previously announced share purchase arrangement is now void, effective from February 20, 2026.
Further Information
The Company has stated that further details regarding this intimation are available on its website under the Investor Relations section, as per applicable corporate disclosures.
Source: BSE
