Jubilant FoodWorks Limited has announced an investment in its wholly owned subsidiary, Jubilant FoodWorks Lanka (Private) Limited. The company will subscribe to 95,271,430 Optionally Convertible Non-Cumulative Preference Shares (OCPS) of Jubilant Sri Lanka for an aggregate consideration of LKR 666,900,010, approximately equivalent to INR 19 Crores. This strategic move is aimed at supporting the business operations and expansion of Jubilant Sri Lanka. The event occurred on June 15, 2026.
Jubilant FoodWorks Invests in Sri Lankan Subsidiary
Jubilant FoodWorks Limited has entered into a Share Subscription and Shareholders’ Agreement with its wholly owned subsidiary, Jubilant FoodWorks Lanka (Private) Limited. This agreement involves the subscription of 95,271,430 Optionally Convertible Non-Cumulative Preference Shares (OCPS). Each OCPS is priced at LKR 7, bringing the total aggregate consideration to LKR 666,900,010, which is approximately equivalent to INR 19 Crores, subject to foreign exchange fluctuations.
Purpose of the Investment
The proposed investment is earmarked for the business operations and expansion of Jubilant Sri Lanka, including capital expenditure. This strategic infusion of capital is expected to bolster the subsidiary’s growth trajectory within the Sri Lankan market. The transaction is considered a related party transaction and is conducted at an arm’s length.
Key Details of Jubilant Sri Lanka
As of March 31, 2026, Jubilant Sri Lanka had a paid-up equity capital of LKR 4,294,147,380. For FY2026, the subsidiary reported a turnover of LKR 4,437,398,222 and a Profit After Tax (PAT) of (LKR 400,837,313). Its net worth stood at LKR 218,610,304. The company was incorporated on September 14, 2010, and operates within the foodservice industry in Sri Lanka.
Terms of the Agreement
The OCPS carry a discretionary non-cumulative dividend of 8% per annum. Furthermore, these OCPS are convertible into an equal number of equity shares or can be redeemed at the discretion of Jubilant Sri Lanka, anytime within 15 years from the allotment date. The acquisition is expected to be completed within 3 months, with all cash consideration.
This announcement was made on June 15, 2026, with the event occurring at 18:54 hours IST.
Source: BSE
