On April 14, 2025, Godrej Industries Limited officially announced the completion of the acquisition of the food additives business of Savannah Surfactants Limited (Goa). This transaction marks a significant step in Godrej’s long-term strategy to strengthen its position in the food ingredients and additives sector.

The company confirmed the acquisition via a formal press release submitted to both the BSE (Scrip Code: 500164) and the National Stock Exchange (NSE Symbol: GODREJIND). The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background: The Acquisition Plan

Back on November 12, 2024, Godrej Industries had informed the exchanges about entering into a Business Transfer Agreement (BTA) with Savannah Surfactants Limited. The purpose was to acquire its food additives business in Goa, which includes production facilities, intellectual property, workforce, and customer contracts.

With today’s announcement, Godrej has confirmed that the transfer of assets, operations, and business control has been completed, and the deal is officially closed.

What Are Food Additives?

Food additives are substances added to food products to preserve flavor, enhance taste, improve appearance, or maintain nutritional value. This segment includes a wide range of products such as:

• Preservatives

• Flavor enhancers

• Emulsifiers

• Coloring agents

• Sweeteners

The market for food additives in India has seen significant growth due to increasing consumer demand for processed and packaged foods.

Strategic Significance for Godrej Industries

The acquisition of Savannah’s food additives business gives Godrej Industries a solid entry into a fast-growing segment of the food processing value chain. It allows the company to:

• Expand its chemicals and ingredients portfolio

• Enhance manufacturing capabilities in Goa

• Tap into domestic and international markets for food-grade ingredients

• Leverage existing supply chains and customer bases acquired from Savannah

This move aligns with the broader vision of diversifying Godrej’s chemical business beyond surfactants and industrial chemicals into high-margin, specialty food ingredients.

Statement from the Company

While the press release did not include a direct quote, the formal communication was signed by Ms. Anupama Kamble, Company Secretary & Compliance Officer of Godrej Industries, and it highlighted that the transaction aligns with the company's growth strategies.

The press release has also been uploaded to the company’s official website at www.godrejinds.com for public viewing.

Compliance and SEBI Regulations

The disclosure was made as part of mandatory compliance under SEBI’s Regulation 30, which requires listed companies to promptly inform stock exchanges about events that may have a material impact on the business.

This ensures transparency for investors, analysts, and stakeholders.

About Godrej Industries Limited

Godrej Industries Limited is one of India’s leading diversified conglomerates with interests in chemicals, consumer products, real estate, and agri-business. Known for its innovative and sustainable business practices, the company continues to invest in high-potential sectors, including specialty chemicals and food-grade ingredients.

With a robust presence in both domestic and global markets, Godrej Industries aims to become a market leader in food and specialty chemicals.

About Savannah Surfactants Limited

Savannah Surfactants Limited, based in Goa, has been a recognized name in the production of food additives and specialty surfactants. Its food additives division was known for quality and innovation, making it a valuable acquisition target for an enterprise like Godrej.

Future Outlook

This acquisition marks a new phase of aggressive growth for Godrej Industries in value-added chemical solutions. The company is expected to:

• Integrate Savannah’s Goa facility into its operations

• Scale up production to meet rising demand in India and overseas

• Develop innovative food-grade chemical solutions for clients across multiple sectors

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