Sarveshwar Foods announces that its wholly owned subsidiary, Green Point, Singapore, has secured a major order to supply 12,000 MT of premium Indian Long Grain Parboiled rice, valued at approximately Rs. 44.5 crore. This order is part of the subsidiary`s strategic drive to achieve over Rs. 200 crore business during the current fiscal year. Recently acquired Green Point, based in Singapore, serves as a gateway to the growing global market for rice and rice-based products. This order further strengthens Sarveshwar Foods position, with the global rice-based products market expected to grow from USD 226.36 billion in 2023 to USD 361.41 billion by 2031, driven by increasing demand for gluten-free alternatives. The rising prevalence of celiac disease and gluten intolerance, coupled with growing awareness of the health benefits of rice-based products, such as low fat and high fibre, is fuelling global demand. Green Point is strategically positioned to capture significant market share in this rapidly expanding sector.Powered by Capital Market - Live News

Net profit of Sarveshwar Foods rose 68.53% to Rs 8.14 crore in the quarter ended September 2024 as against Rs 4.83 crore during the previous quarter ended September 2023. Sales rose 32.20% to Rs 271.31 crore in the quarter ended September 2024 as against Rs 205.22 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales271.31205.22 32 OPM %7.686.83 - PBDT11.336.46 75 PBT11.046.16 79 NP8.144.83 69 Powered by Capital Market - Live News

Sarveshwar Foods will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live News

Sarveshwar Foods announced that the 20th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live News

Sarveshwar Food announced that it has initiated strategic partnerships with certain Non-Banking Financial Companies (NBFCs) to enhance financial support for farmers�who are the backbone of the company`s supply chain�and drive improvements within the agricultural sector. These new collaborations are aimed at providing essential financial resources, enabling farmers to invest in modern agricultural practices and infrastructure. Through these partnerships, Sarveshwar Food seeks to fortify the agricultural ecosystem and ensure the stability and growth of its supply chain.Under the proposed arrangement, Sarveshwar Food will facilitate the connection between NBFCs and farmers. The financing arrangements will be conducted directly between the NBFCs and the farmers, with no recourse to the company.Powered by Capital Market - Live News