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Saptarishi Agro Industries Ltd.

BSE: 519238 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE233P01017
BSE 10:40 | 21 Feb 7.34 0
(0.00%)
OPEN

7.34

HIGH

7.34

LOW

7.34

NSE 05:30 | 01 Jan Saptarishi Agro Industries Ltd
OPEN 7.34
PREVIOUS CLOSE 7.34
VOLUME 200
52-Week high 7.34
52-Week low 1.38
P/E
Mkt Cap.(Rs cr) 25
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.34
Sell Qty 600.00
OPEN 7.34
CLOSE 7.34
VOLUME 200
52-Week high 7.34
52-Week low 1.38
P/E
Mkt Cap.(Rs cr) 25
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.34
Sell Qty 600.00

Saptarishi Agro Industries Ltd. (SAPTARISHIAGRO) - Company History

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.