Update on Investment

• Security Code: 533400
• Company: FCONSUMER

Future Consumer Enterprise Ltd has informed BSE that:

"The Company has made investment by way of subscription to the equity shares of Sublime Foods Private Limited ("Sublime"), in terms whereof equity shares aggregating to 51.00% of the paid-up share capital of Sublime, have been allotted to the Company. Pursuant to the same, Sublime is a subsidiary of the Company.

Sublime is engaged in the business of dealing predominantly into food and food based products including manufacture and distribution of processed food items like speciality sauces, salad dressings, cooking pastes, spreads and dips.

We consider that the processed and packaged food industry holds immense potential, and is poised towards growth."