SME Agro stock Krishival Foods jumps 3% after this investment update. Do you own?
Stock Market Today SME Agro stock Krishival Foods gained 3% on the NSE on Friday amid weak Indian Stock market after this investment update. Do you own?
SME Agro stock Krishival Foods intimated the National Stock Exchange of India on Friday 30 May 2025 about the outcome of a Board Meeting. The SME Agro stock Krishival Foods intimated that the Board of Directors of the Company at its meeting held on Friday, May 30, 2025 has considered and approved the Strategic investment in Hamma Foods Private Limited and BVK Foods Private Limited.
The strategic investment being made by Krishival Foods is through its subsidiary company, Melt 'N 'Mellow Foods Private Limited by subscribing to 49% of the total paid-up share capital in the form of Equity Shares of both Hamma Foods Private Limited and BVK Foods Private Limited.
Krishival Foods subsidiary firm Melt 'N' Mellow Foods Private Limited is investing up to ₹ 22 crore in equity and loans to Hamma Foods Private Limited, which owns a state-of-the-art, fully automated ice cream and dairy product manufacturing facility that occupies 1,00,000 square feet on 2.5 acres of land.
The facility can produce 1,25,000 Ltr of ice cream per day, 15,000 Ltr of dahi per day, 5000 kg of paneer per day, and 2000 kg of ghee per day. The facility is situated in Maharashtra's Chhatrapati Sambhaji Nagar.
Investment of up to ₹ 7 crore in form of equity and loan is being made by Krishival Foods Subsidiary company Melt 'N 'Mellow Foods Private Limited to BVK Foods Private Limited which has state of art, modern production facility for ice cream and bakery products.
The 35,000 sq ft factory is spread over 1 acre land. The plant has production capacity of Ice Cream - 25,000 Ltr / Day, Bakery Product - 3000 Kg / Day. The plant is located at Chhatrapati Sambhaji Nagar, Maharashtra
Krishival Foods Board has approved funding of up to ₹ 10 crore in loans and equity for the construction of cutting-edge manufacturing facilities for the processing of nuts in a wholly-owned subsidiary, Siddhivinayak Cashew Industries Private Limited.
Siddhivinayak Cashew Industries Private Limited, the wholly-owned subsidiary, would own the five acres of property on which this factory would be located.Halkarni MIDC, Taluka Chandgad, Dist. Kolhapur, Maharashtra is where the plant is situated.
SME Agro stock Krishival Foods share price opened at ₹ 290 on the NSE on Friday. At the time of opening the Krihival foods share price was up about 1.7% compared to the previous days closing price of ₹ 285. . The SME Agro stock Krishival Foods share price however gained furthermore to intraday highs of ₹ 295, which meant gains of 3.5% during the intraday trades despite weakness when Indian stock market was weakness iand on a day when Nifty was down around 0.3%
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
28 minutes ago
- Time of India
Foreign debt climbs: India's external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%
I ndia's external debt rose 10% to $736.3 billion at the end of March 2025 from $668.8 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on Friday. The debt-to-GDP ratio also inched up to 19.1% from 18.5% in FY24. The increase includes a $5.3 billion valuation impact due to the appreciation of the US dollar against the rupee and other currencies. Excluding this effect, the underlying increase in debt was $72.9 billion, PTI reported. Breakdown of debt composition The non-financial corporate sector accounted for the largest share, borrowing $261.7 billion. Deposit-taking corporations excluding the central bank owed $202.1 billion, while the government's share of external debt stood at $168.4 billion. Long-term debt (with original maturity above one year) rose by $60.6 billion to $601.9 billion. Meanwhile, the share of short-term debt in total external liabilities declined to 18.3% from 19.1% a year ago. However, the ratio of short-term debt to foreign exchange reserves rose slightly to 20.1%, up from 19.7% at the end of FY24, the report said. Debt instruments and currency mix Loans remained the largest component of external debt, making up 34% of the total, followed by: Currency and deposits: 22.8% Trade credit and advances: 17.8% Debt securities: 17.7% The US dollar continued to dominate India's foreign borrowing, accounting for 54.2% of the total external debt. Other currencies in the debt mix included the Indian rupee (31.1%), Japanese yen (6.2%), Special Drawing Rights (4.6%), and euro (3.2%). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
28 minutes ago
- The Hindu
STEP partners with Angkor Tiger FC for youth development programme
STEP, a division of The Hindu Group, will partner with the Youth Development and Academy teams of the Cambodian Premier League team Angkor Tiger Football Club based in the city of Siem Reap. Angkor Tiger currently competes in the top division, while the academy teams (U-16 and U-19) participate in the national Cambodian Youth League. As part of the partnership, STEP will provide training to the Academy's players, focusing on vital English language speaking and communication skills, which will be delivered via STEP's proprietary learning platform. The partnership will help young academy players develop their non-football skills with improved English language communication, and enhance their future employment prospects. Speaking on the partnership, Pundi Sriram, Business Head of STEP, said, 'We are very excited to be a part of this partnership and bring our skilling programs to youth in Cambodia and help them achieve their long-term career aspirations.' Rohit Ramesh, Director of The Hindu Group, added, 'STEP, with their dedicated proprietary platform, will be able to provide curated English skill training solutions to the Academy players, which is a crucial necessity for their futures.' Sudhir Menon, Director of SkaSports, an Indian firm that owns a minority stake in the club, explained that the club has a responsibility for the holistic development of the players. 'Globally, only 1% of the players who are part of Elite Youth Development programs get a professional contract. As a club, we have a responsibility to every boy who wears our club jersey to prepare him for challenges both on and off the field. STEP's partnership is an initiative in that direction, to further empower and enhance their skills to succeed as professionals.' Akihiro Kato, Owner and Chairperson of Angkor Tiger FC, emphasised that this partnership is a crucial step in empowering the youth. 'This is a significant step forward in our mission to empower Cambodian youth through football. By enhancing their English communication skills, we are giving our players a better chance to succeed not only in football but also in life. Takahisa Kiyone, Chief Operating Officer, Angkor Tiger FC, said, 'With STEP's expertise, our academy players will gain vital language skills that will support them in international opportunities and beyond the pitch. We are proud to provide a more holistic education environment for the next generation'.
&w=3840&q=100)
Business Standard
31 minutes ago
- Business Standard
PM Modi to visit five nations from July 2, attend Brics Summit in Brazil
Prime Minister Narendra Modi will embark on a five-nation visit from July 2, during which he will attend the Brics Summit and hold meetings with leaders of Ghana, Trinidad and Tobago, Argentina and Namibia to strengthen bilateral ties. During the visit, PM Modi is expected to address the parliaments of Trinidad and Tobago and Namibia. The Prime Minister will start his five-nation visit with Ghana. This will be the Prime Minister's first bilateral visit to the African country. During the visit, the Prime Minister will hold talks with the President of Ghana to review the strong bilateral partnership and discuss further avenues to enhance it through economic, energy, and defence collaboration, and development cooperation partnership. This visit will reaffirm the shared commitment of the two countries to deepen bilateral ties and strengthen India's engagement with the ECOWAS [Economic Community of West African States] and the African Union, a Ministry of External Affairs release said. Visit of Indian Prime Minister to Ghana is taking place after three decades. PM Modi will travel to Brazil, during the fourth leg of his visit, from July 5 to 8 to attend the 17th Brics Summit 2025 followed by a state visit to the South American country. This will be PM Modi's fourth visit to Brazil. The 17th Brics Leaders' Summit will be held in Rio de Janeiro. During the Summit, PM Modi will exchange views on key global issues, including reform of global governance, peace and security, strengthening multilateralism, responsible use of artificial intelligence, climate action, global health, and economic and financial matters. The Prime Minister is also likely to hold several bilateral meetings on the sidelines of the Summit. For the State Visit to Brazil, Prime Minister will travel to Brasilia where he will hold bilateral discussions with President Luiz Inacio Lula da Silva on the broadening of the Strategic Partnership between the two countries in areas of mutual interest, including trade, defence, energy, space, technology, agriculture, health and people to people linkages. In the second leg of his visit, PM Modi will pay an official visit to Trinidad & Tobago (T & T) from July 3-4. This will be his first visit to the country as Prime Minister and the first bilateral visit at the Prime Ministerial level to T & T since 1999. During the visit, PM Modi will hold talks with the President of Trinidad & Tobago Christine Carla Kangaloo, and Prime Minister Kamla Persad-Bissessar and discuss further strengthening bilateral ties. PM Modi is also expected to address a Joint Session of the Parliament of Trinidad and Tobago. The visit of the Prime Minister to Trinidad and Tobago will impart fresh impetus to the deep-rooted and historical ties between the two countries, the MEA release said. PM Modi will visit Argentina in the third leg of his visit on July 4-5. Prime Minister is scheduled to hold bilateral talks with Argentine President Javier Milei to review ongoing cooperation and discuss ways to enhance further bilateral partnership in key areas, including defence, agriculture, mining, oil and gas, renewable energy, trade and investment, and people-to-people ties. The bilateral visit of Prime Minister will further deepen the multifaceted Strategic Partnership between India and Argentina, the release said. In the final leg of his visit, PM Modi will embark on a State Visit to Namibia on July 9. This will be the first visit of the Prime Minister to Namibia, and the third ever Prime Ministerial visit from India to Namibia. During his visit, PM Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah, PM Modi will also pay homage to the Founding Father and first President of Namibia, Late Dr. Sam Nujoma. He is also expected to deliver an address at the Parliament of Namibia, the MEA release said. The visit of Prime Minister is a reiteration of India's multi-faceted and deep-rooted historical ties with Namibia,it added.
