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FMCG Firm Announces Free Distribution of Export Oriented Rice Varieties for J&K Farmers

The company had announced bonus issue in the ratio 2:1 in September 2023. It also declared a stock split in 2023. The current face value of each stock the company is Re 1 from an earlier Rs 10.

FMCG Firm Announces Free Distribution of Export Oriented Rice Varieties for J&K Farmers. Image Source: CanvaPro

Sarveshwar Foods has announced the free distribution of export oriented rice varieties aimed at supporting farmers in the Jammu & Kashmir Union Territory. The company, which is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice informed the exchanges about the free distribution of certified Sona Masuri paddy seeds, known for their high quality and yield potential, to farmers across the region. The company in last couple of decades has grown to other premium categories of FMCG and organic products.

“Sarveshwar Foods Ltd initiative to distribute certified Sona Masuri paddy seeds free of charge in the Jammu & Kashmir Union Territory represents a significant step towards enhancing agricultural sustainability and rural development in the region,” Rohit Gupta, Chairman of Sarveshwar Foods Ltd said. By leveraging its expertise and resources, Sarveshwar Foods is not only supporting local farmers but also contributing to food security and economic growth in the area, it added.

Jammu & Kashmir-based Sarveshwar Foods became the first small and medium enterprise (SME) from J&K union territory to make its debut on the capital market by getting listed on the National Stock Exchange.

As per data available on the Bombay Stock Exchange Analytics, the counter has delivered multibagger returns of 258.87 per cent in the last 365 days. A total of 6.72 lakh shares changed hands today of Sarveshwar Foods on the BSE, generating a total revenue of Rs 60.03 lakh. The company had announced bonus issue in the ratio 2:1 in September 2023. It also declared a stock split in 2023. The current face value of each stock of the company is Re 1 from an earlier Rs 10.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)

https://www.timesnownews.com/business-economy/companies/fmcg-firm-sarveshwar-foods-announces-free-distribution-of-export-oriented-rice-varieties-for-jk-farmers-article-109822483 QR Code

Published Date: May 3, 2024

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