The board took this decision at its meeting held on 27 May 2025. The investment will be done by subscribing to the equity capital of the company on a rights basis at the face value of Rs 10 per share.
The investment is expected to be completed by August this year. In a filing with the BSE, EID Parry said that the investment would help, inter alia, reduce the debt and improve the networth of Parry Sugars Refinery India Private Ltd. Incorporated in 2006, Parry Sugars Refinery India Private Ltd. is engaged in sugar refining business. It has a refinery at the food processing SEZ at Vakalapudi village, East Godavari, Kakinada, Andhra Pradesh.
The annual general body meeting of EID Parry will be held on August 6, where the approval of the shareholders will be sought for the investment.
