Latest news with #NationalHorticultureMission
India.com
3 days ago
- Business
- India.com
1:2 stock split: THIS company fixes record date, check details here
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा MURAE Organisor Ltd has officially announced a stock split in the ratio of 1:2, marking yet another strategic step in its effort to broaden investor participation and increase stock liquidity. The company's Board of Directors has fixed Wednesday, June 11, 2025, as the record date for this sub-division of equity shares. Shareholders holding one equity share of face value ₹2 as of the record date will receive two equity shares of ₹1 each. This move, approved by shareholders through a postal ballot on May 29, 2025, is expected to lower the entry barrier for retail investors while improving market depth. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, a staggering increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year, signaling a strong earnings rebound. The Q4FY25 net profit alone was ₹2.85 crore, underscoring consistent quarterly performance. MURAE's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach.
India.com
24-05-2025
- Business
- India.com
This pharma company reports earnings for FY25, eyes Rs 250 million expansion
टर्म इंश्योरेंस जरूरी Pharma company Murae Organisor Ltd has announced FY25 financial results and a major pivot into high-margin, underpenetrated sectors. For the financial year ended March 31, 2025, the company reported total revenue of ₹85.48 crore, an increase compared to just ₹0.25 crore in FY24. The full-year net profit stood at ₹7.51 crore, against ₹5.31 lakh in the previous year. The Q4FY25 net profit alone was Rs 2.85 crore, underscoring consistent quarterly performance. Murae's financials also show a notable build-up in trade receivables and cash positions, suggesting an expansion in operational scale and reach. Earlier, the company had announced its intent to acquire agricultural land in the strategically vital region of Kutch, Gujarat. This acquisition underscores the company's commitment to broadening its business horizons into agriculture and industrial sectors. The proposed acquisition involves an investment estimated between INR 200 million and INR 250 million. This initiative is contingent upon thorough due diligence processes and the requisite regulatory approvals and statutory clearances. The company intends to utilize the acquired land primarily for cultivating premium-quality pomegranates, exploiting Kutch's advantageous agro-climatic conditions, renowned for high-yield and quality horticulture. This agricultural project aligns seamlessly with government schemes aimed at promoting modern agricultural practices and sustainable growth, including the National Horticulture Mission and Pradhan Mantri Krishi Sinchai Yojana (PMKSY). Additionally, MURAE Organisor Ltd. plans to set up a state-of-the-art distillery facility on the acquired premises, significantly broadening its operational capacity and enhancing its product offerings. This diversification into value-added products in the industrial segment positions the company strategically in an under-explored yet lucrative market segment, promising substantial margin improvement and sustainable long-term growth. The company's proposed venture is poised to benefit significantly from the Gujarat Industrial Policy 2020, which offers various incentives such as capital subsidies, tax concessions, and infrastructure support. The supportive regulatory environment, coupled with sector-specific government initiatives, creates an encouraging framework for rapid and profitable business expansion.
Mint
12-05-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit after THIS business update
Shares of penny stock Murae Organisor hit its upper circuit on Monday, May 12, hitting the upper circuit in intra-day trade after the company's board approved a major expansion plan involving land acquisition and investment of up to ₹ 250 million. The strategic move is aimed at boosting its agricultural and industrial footprint, with a focus on high-value pomegranate cultivation and establishing a distillery unit in Gujarat. In an exchange filing, the company stated that its board has approved a proposal—subject to satisfactory due diligence, regulatory approvals, and statutory clearances—to explore the acquisition of agricultural land in Kutch, Gujarat. The move is part of a larger initiative to diversify and strengthen its revenue streams by tapping into agribusiness and value-added industrial products. The land is proposed to be used for the cultivation of premium-quality pomegranates, leveraging the region's favorable agro-climatic conditions. Alongside this agricultural initiative, Murae Organisor plans to set up a distillery facility on the site to improve operational efficiency and expand into new business segments. The company noted that the estimated investment for this initiative is between ₹ 200 million and ₹ 250 million. However, the final investment figure will be determined after a detailed due diligence process, feasibility reports, and securing of all required statutory and governmental approvals. Murae Organisor emphasized that the proposed project aligns with several government schemes such as the "National Horticulture Mission," "Pradhan Mantri Krishi Sinchai Yojana (PMKSY)," and the "Gujarat Industrial Policy 2020." These policies support agricultural and industrial development through subsidies, tax benefits, and infrastructural assistance. The company believes that its new initiative could benefit from these frameworks, enabling long-term growth. The penny stock rose 4.65 percent, its upper circuit of ₹ 1.35, though it remains over 50 percent below its 52-week high of ₹ 2.73, touched in November 2024. On a broader timeline, the stock has shed 11 percent over the past one year. In May so far, the scrip has declined 5.5 percent after recording a 3.6 percent gain in April. Prior to that, the stock was in negative territory for four consecutive months—falling 18 percent in March, 19 percent in February, 0.5 percent in January, and 11.6 percent in December 2024.
Mint
12-05-2025
- Business
- Mint
Penny stock below ₹2 hits upper circuit after THIS business update
Shares of penny stock Murae Organisor hit its upper circuit on Monday, May 12, hitting the upper circuit in intra-day trade after the company's board approved a major expansion plan involving land acquisition and investment of up to ₹ 250 million. The strategic move is aimed at boosting its agricultural and industrial footprint, with a focus on high-value pomegranate cultivation and establishing a distillery unit in Gujarat. In an exchange filing, the company stated that its board has approved a proposal—subject to satisfactory due diligence, regulatory approvals, and statutory clearances—to explore the acquisition of agricultural land in Kutch, Gujarat. The move is part of a larger initiative to diversify and strengthen its revenue streams by tapping into agribusiness and value-added industrial products. The land is proposed to be used for the cultivation of premium-quality pomegranates, leveraging the region's favorable agro-climatic conditions. Alongside this agricultural initiative, Murae Organisor plans to set up a distillery facility on the site to improve operational efficiency and expand into new business segments. The company noted that the estimated investment for this initiative is between ₹ 200 million and ₹ 250 million. However, the final investment figure will be determined after a detailed due diligence process, feasibility reports, and securing of all required statutory and governmental approvals. Murae Organisor emphasized that the proposed project aligns with several government schemes such as the "National Horticulture Mission," "Pradhan Mantri Krishi Sinchai Yojana (PMKSY)," and the "Gujarat Industrial Policy 2020." These policies support agricultural and industrial development through subsidies, tax benefits, and infrastructural assistance. The company believes that its new initiative could benefit from these frameworks, enabling long-term growth. The penny stock rose 4.65 percent, its upper circuit of ₹ 1.35, though it remains over 50 percent below its 52-week high of ₹ 2.73, touched in November 2024. On a broader timeline, the stock has shed 11 percent over the past one year. In May so far, the scrip has declined 5.5 percent after recording a 3.6 percent gain in April. Prior to that, the stock was in negative territory for four consecutive months—falling 18 percent in March, 19 percent in February, 0.5 percent in January, and 11.6 percent in December 2024. 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.
New Indian Express
04-05-2025
- Business
- New Indian Express
High cost grounds dragon fruit cultivation in Tiruchy
TIRUCHY: Despite public demand, dragon fruit cultivation in the district has largely remained stagnant since 2020-21 when the crop was raised on about 12 acres under a horticulture department initiative. Farmers blame the waning interest to the high initial investment, which they said runs up to Rs 7 lakh per acre. Under the National Horticulture Mission, dragon fruit cultivation commenced in Tiruchy in 2021, covering 12.5 acres, Deputy Director of Horticulture (Tiruchy) S Saranya told TNIE. 'Under the scheme, farmers are eligible for a subsidy of Rs 65,000 per acre,' she said. The financial support is supported by the state and Union governments in a 60:40 ratio, she pointed out. The government support along with the public demand due to the dragon fruit's vibrant colour and unique appearance encouraged farmers from Thuraiyur, Lalgudi, Thottiyam and Uppiliyapuram in the district to take up its cultivation. The crop is cultivated through the pole and trellis methods. While the trellis method incurs nearly twice the investment costs the conventional pole method demands, it promises higher returns, officials said. K Gunasekaran, 62, a farmer from Unniyur in Thottiyam who has planted dragon fruit in around one acre said the initial investment for cultivating dragon fruit ranges from Rs 6 lakh to Rs 7 lakh per acre in the first year. "The plants begin to yield only after 15 to 18 months. Until then, we must continue spending on maintenance. However, after three years, the crop can generate Rs 8 lakh to Rs 10 lakh in revenue annually. With minimal upkeep, the plants can continue to bear fruit for 15 to 18 years, producing up to 10 tonnes per acre each year," he said. Despite the promising returns, not all farmers are in a position to wait that long to see profits by spending such huge money until then. Due to high temperatures, the plants are yet to bear adequate quantity of the fruit. So farmers are not coming forward. If the government increases the subsidy, more farmers may take up the cultivation, he added. Echoing him, Saranya said the cultivated area has hence not expanded as expected.
