Hong Kong-Based FII Luminary Crown Proposes Acquiring Stake in Auri Grow India at Over 100% Premium

The LoI proposes that Luminary Crown Ltd explore the possibility of acquiring an equity stake of up to 24% in Auri Grow India Ltd, on a fully diluted basis. This investment is proposed at an indicative price of ₹2 per equity share, which represents a substantial premium over the current share price of ₹0.84 as of December 16, 2025.

The proposed investment is envisaged through a primary issuance, specifically by way of preferential allotment, and remains subject to necessary regulatory, statutory, and shareholder approvals. Auri Grow India Ltd has scheduled a meeting of its board of directors for Thursday, December 26, 2025, to formally consider and evaluate this non-binding LoI.

Auri Grow India Strategic Expansion and Collaboration

Beyond the financial investment, the LoI outlines a comprehensive strategic collaboration, including strategic investment and business expansion. The key aspects of this collaboration are aimed at transforming Auri Grow into a high-growth, export-oriented enterprise.

The proposed strategic collaboration initiatives include:

1. Rice Aggregation, Processing & Export: The collaboration aims to expand Auri Grow’s presence in rice aggregation, processing, and export, specifically targeting the GCC and select European markets. This initiative intends to utilize India’s strong export capabilities to establish a scalable, export-oriented agricultural platform.
2. Hydroponics & Aeroponics Farming Project: Luminary Crown Limited has proposed to lead the development of a hydroponics and aeroponics-based farming project. This project is aligned with sustainable, technology-driven agricultural practices and is expected to enhance productivity, improve margins, and position the Company in premium agri segments. The estimated project cost is approximately ₹55 Crores, with an indicative annual revenue potential of ₹180–200 Crores and an indicative net margin of about 13%, subject to execution and market conditions.
3. Organic Farming: The LoI also proposes establishing organic farming operations on identified Company-owned land parcels for a minimum tenure of five years, with commercial terms to be mutually agreed upon.

Auri Grow India Governance and Management

As part of the proposed investment, Luminary Crown Limited has requested the right to nominate one Director to Auri Grow’s Board. However, the proposed governance rights are limited to customary minority investor protection and do not involve any change in the management control of the Company.

Mr. Pratik Kumar Patel, Director, Auri Grow India Ltd, commented on the development, noting that the LoI is non-binding and indicative in nature, and that no definitive agreements have been executed at this stage. He added that the receipt of the LoI reflects a strong strategic interest in the Company’s transformation into a high-growth agriculture, agri-technology, and export-oriented enterprise, and shows growing external confidence in the Company’s long-term vision and asset base. The company confirmed it will make necessary disclosures regarding any material developments in accordance with SEBI LODR Regulations.

Auri Grow India Strong Financial Growth

The potential investment comes as Auri Grow India Ltd reports significant financial momentum. For FY24-25, the company reported sales of ₹175.55 crore, representing a nearly 10-fold growth compared to sales of ₹16.76 crore in FY23-24. Furthermore, the net profit for FY25 increased sharply to ₹7.17 crore, up from ₹51 lakh in the corresponding previous year.

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