Pajson Agro approves ₹354 crore cashew business acquisition
pre-market1 source ↓machine-written, see hownot a recommendation
- is the key
- ₹354.52 crore acquisition
- 60,000 MT annual capacity
Pajson Agro India approved the acquisition of 100% of UAE-based Pacific Global FZCO for ₹354.52 crore on 04 Nov 2026. The transaction will be funded through a preferential issue of up to 1,20,58,397 equity shares at ₹294 per share, subject to shareholder approval. The stock was quoted at ₹298.90, up 4.99% or ₹14.20, in the figures published with the announcement. 📈
Pacific Global reported turnover of ₹104.18 crore for January to August 2026 and net worth of ₹351.20 crore as of 31 Aug 2026. It has installed capacity to process 60,000 MT of raw cashew nuts annually in Côte d’Ivoire, giving the transaction a direct link to the global cashew-processing and food-ingredients supply chain. ₹354.52 crore acquisition is the key corporate action for shareholders because the preferential issue will expand the equity base and change the ownership structure after completion.
Key Points:
• Preferential issue at ₹294: Up to 1,20,58,397 shares will be issued to fund the acquisition, with the final impact dependent on the number of shares issued and the shareholder vote.
• Shareholder vote on 04 Dec 2026: The proposal requires approval at an Extra-Ordinary General Meeting before the transaction can proceed under the announced structure. 🗳️
• 60,000 MT annual capacity: Pacific Global’s installed Côte d’Ivoire processing capacity provides Pajson Agro with an operating platform in a major cashew-producing region.
The transaction gives the company exposure to an overseas processing asset rather than a standalone domestic expansion. Its immediate market relevance rests on three measurable factors: whether shareholders approve the proposal, the final number of shares issued, and the operating performance of Pacific Global after consolidation. The reported turnover covers only January to August 2026, so a comparable full-year contribution was not provided in the announcement.
Investors will next watch the notice and outcome of the 04 Dec 2026 EGM, the final preferential-allotment terms, and subsequent filings confirming completion of the acquisition. The cashew-processing capacity, reported turnover and net worth will also provide the first benchmarks for assessing the acquired business. 🌰
Source: Multibagg AI, 04 Nov 2026
Not investment advice. For informational purposes only.