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About Saptarishi Agro Industries
Promoted jointly by R K Jajoo and K L Puri along with Tamilnadu Industrial Development Corporation (TIDCO) in Feb.'92, Saptarishi Agro Industries is a 100% EOU producing canned white button mushrooms with a capacity of 3000 tpa. Mushrooms are produced utilising agricultural wastes.
The company has financial, technical and marketing collaborations with Dalcem Veciap Agro Industries, Holland. It also has a 100% buy-back arrangement with the collaborator.
In 1993, the company came out with a public issue to part-finance the project to set up the EOU at Madurantakam, Tamilnadu. Commercial production commenced in Jun.'94.
By 1998, more than 50% of the company's networth was eroded and it came under the purview of the BIFR. Accordingly, one time settlement with ICICI was effected by paying back 70% of the principal amount and waiver of all accrued interest along with the balance 30% principal.
The company entered into a Operating Agreement with M/s Calibre Rehabs Ltd from January,2003 for a period of 12 months.
Parent Organisation
Indian Private
Managing Director
Krunal Ravjibhai Patel
Founded
1992
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Saptarishi Agro Industries Ltd FAQs
What is the share price of Saptarishi Agro Industries Ltd (Saptarishi Agro Industries Ltd) shares?
Saptarishi Agro Industries Ltd (Saptarishi Agro Industries Ltd) share price as of May 30, 2024, on NSE is Rs 2,851.15 (NSE) and Rs 2,860.00 (BSE) on BSE.
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1. Direct investment: You can buy Saptarishi Agro Industries Ltd (Saptarishi Agro Industries Ltd) shares by opening a Demat account with Angel One.
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