Auri Grow India Limited, formerly known as Godha Cabcon & Insulation Limited, has received a formal, non-binding Letter of Intent (LoI) from Luminary Crown Limited. This LoI expresses Luminary Crown's interest in a strategic equity investment and a long-term business collaboration focused on Auri Grow's transition into agriculture and agri-technology. The proposal includes acquiring up to 24% equity stake in Auri Grow India Ltd on a fully diluted basis at an indicative price of ₹2 per share. Luminary Crown also plans to nominate one director to the Board, with governance rights limited to minority investor protections and no management control. The collaboration aims to support Auri Grow’s expansion into Rice Aggregation, Processing, and Export, targeting GCC and European markets. Furthermore, Luminary Crown intends to lead the development of a Hydroponics and Aeroponics-based farming project with an estimated capital outlay of ₹55 Crores. This project has an indicative annual revenue potential of ₹180–200 Crores and an indicative net margin of approximately 13%. Additionally, organic farming operations are proposed on identified Auri Grow land parcels for a minimum of five years under a mutually agreed commercial structure. The proposal will be presented to Auri Grow India Limited's Board of Directors for a detailed evaluation at a meeting scheduled for 26 December 2025. The company emphasizes that the LoI is non-binding and indicative, and no definitive agreements have been executed. There is no assurance that the proposal will result in a completed transaction.
