TCM Limited, formerly known as Travancore Chemical & Manufacturing Co. Ltd., has taken a significant strategic step by entering into an acquisition plan with Better Feeds Private Limited, a Kerala-based cattle feed manufacturing company. The Board of Directors of TCM Limited approved this move in their meeting held on Tuesday, 20th May 2025, between 10:30 AM and 11:00 AM.

The decision reflects TCM Limited’s diversification strategy and intent to expand into the agri-based industrial segment. As part of this initiative, the Managing Director of TCM Limited has been authorized to negotiate and finalize the terms and conditions for acquiring the entire 100 percent equity shareholding of Better Feeds Private Limited, subject to standard business procedures including valuation and due diligence.

Key Highlights of the Acquisition Plan

• Better Feeds Private Limited (CIN: U15549KL2018PTC054928) is a registered cattle feed manufacturer, with its registered office at Vaishnavam, Pulinchode, Kanjikode, Palakkad, Kerala – 678621

• TCM Limited will acquire 100 percent of Better Feeds Pvt Ltd’s equity shares, aiming for complete ownership and operational control

• A Memorandum of Understanding (MoU) is to be signed, followed by a Share Purchase Agreement (SPA) upon successful valuation and due diligence

• The Managing Director of TCM Limited has been authorized to lead all negotiations and documentation

This acquisition is seen as a part of TCM’s efforts to revamp and diversify its portfolio, potentially allowing it to tap into the high-demand cattle feed industry, which has seen rapid growth due to increasing demand in the dairy and livestock sectors.

Strategic Importance

The Indian cattle feed industry is witnessing a major shift towards organized manufacturing, and TCM’s move can place the company in a strategic position to leverage synergies in raw material procurement, manufacturing, and distribution.

By acquiring Better Feeds Pvt Ltd, which is already operational and established in Kerala, TCM Limited gets access to:

• Existing manufacturing infrastructure

• Distribution networks in Southern India

• Established market and clientele

• Experienced manpower in the livestock nutrition sector

The board resolution enables the MD to proceed with the acquisition only after valuation and due diligence, ensuring that TCM protects shareholder value while entering a new business vertical.

Regulatory and Market Compliance

TCM Limited has officially informed the Bombay Stock Exchange (BSE) under BSE Script Code - 524156 through a regulatory filing dated 20th May 2025. The communication confirms the outcome of the board meeting and adheres to SEBI Listing Obligations and Disclosure Requirements (LODR).

The official communication was issued from TCM Limited’s registered office located at:

28/2917, “Aiswarya”, Ponneth Temple Road, Shanthi Nagar, Kadavanthra, Cochin - 682020
Phone: 0484-2316771
Email: info@tcmlimited.in
Website: www.tcmlimited.in
CIN: L24299KL1943PLC001192
GSTIN: 32AAACT6206A1Z4

The communication was signed by Gokul V Shenoy, Company Secretary, and was digitally verified as part of the formal submission process.

Next Steps

Once the MoU is signed, and upon completion of valuation and due diligence, the Share Purchase Agreement (SPA) will be executed. At that point, TCM Limited will become the 100% owner of Better Feeds Private Ltd, marking a significant milestone in its strategic growth journey.

Investors and stakeholders can expect further updates as TCM progresses through the stages of the acquisition. The development is expected to have long-term positive implications for TCM’s balance sheet and business operations.

For further queries and official updates, investors are advised to stay connected through TCM’s corporate website and stock exchange filings.

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