Hindustan Foods Limited (HFL) has announced the acquisition of a business undertaking from Ultra Beauty Care Private Limited for a cash consideration of ₹19.9 crore. The acquisition was formalised through a Business Transfer Agreement (BTA) executed on 23 March 2026.
The business undertaking, located at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, is engaged in contract manufacturing of a comprehensive range of ayurvedic, herbal beauty care, and cosmetic products. This acquisition aligns with Hindustan Foods‘ strategy to expand its operations into the contract manufacturing sector, particularly in the beauty and personal care industry.
The acquisition is structured as a slump sale and is expected to be completed by the first quarter of the financial year 2026-27, subject to the fulfilment of various conditions precedent outlined in the BTA. These conditions include customary governmental and regulatory approvals necessary for the transfer of licenses and permissions under applicable laws.
Hindustan Foods has clarified that this acquisition does not constitute a related party transaction, and the promoter group of the company has no interest in Ultra Beauty Care Private Limited. The transaction is conducted at arm’s length.
The acquisition is part of Hindustan Foods’ broader strategy to diversify and strengthen its market position in the beauty and personal care sector, leveraging the acquired facility’s capabilities in manufacturing a wide range of ayurvedic and herbal products.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.