Suguna III

active

 The group of companies known as the Suguna Group consolidated under the holding company Suguna Holdings Private Limited (“SHPL” or the “Group” or “Suguna”) was initially established in 1984 and is one of the leading poultry integrators in India with operations covering all areas of the poultry sector. Suguna’s fully integrated operations cover broiler and layer farming, hatcheries, feed mills, and processing plants across 20 Indian states and one union territory, and have an overseas presence in Sri Lanka, Bangladesh, and Kenya. The main operating company under SHPL is Suguna Foods Private Limited (SFPL) in India, which generates over 97% of the Group’s revenues. Suguna is planning (i) a capacity expansion consisting of the construction of poultry infrastructure including potentially a hatchery, processing plant, poultry environment-controlled shed, premix plant, and related poultry assets, as well as incremental working capital financing, through a US$42.9 million investment at SFPL in India to further expand its operations in northern and eastern India, primarily in Uttar Pradesh, Odisha and West Bengal; and (ii) the construction of feed mills, breeders, and hatcheries in Bangladesh and Kenya through a US$15.9 million investment in Suguna Food and Feeds Bangladesh Pvt. Ltd. (“SFFBPL”) in Bangladesh and a US$8.4 million investment in Suguna Poultry (Kenya) Limited (“SPKL”) in Kenya in order to capitalize on the growing economy and expanding poultry sector in both countries, for a total overall investment across India, Bangladesh, and Kenya of US$67.2 million (the “Project”)