The Board of Chordia Food Products Limited (BSE:519475) announced the spin-off of Aveer Foods Limited for on July 20, 2022. As per the transaction, shareholders of Chordia Food Products Limited are entitled to get 1 equity share of Aveer Foods Limited without any application or deed. Aveer Foods Limited will have to issue and allot 40,28,252 equity shares to the shareholders of Chordia Food Products Limited, as of the record date of August 4, 2022.

The Board ol Directors of Aveer Foods in its Board Meeting held on August 4, 2022 has allotted 40,28,252 Equity Shares to the shareholders of Chordia Food Products. The transaction is approved by the Hon'ble National Company Law Tribunal, Mumbai on July 1, 2022.