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Suvarna Aqua Farm & Exports Ltd.

BSE: 519305 Sector: Others
NSE: SUVARNAQUA ISIN Code: N.A.
BSE 05:30 | 01 Jan Suvarna Aqua Farm & Exports Ltd
NSE 05:30 | 01 Jan Suvarna Aqua Farm & Exports Ltd

Suvarna Aqua Farm & Exports Ltd. (SUVARNAQUA) - Company History

Incorporated as a 100% EOU in Oct.'91 Suvarna Aqua Farm & Exports (SAFE) commenced business in Dec.'91. Promoted by A Ramesh MMTC and Marine Products Export Development Authority it is currently managed by managing director Anne Ramesh. In Dec.'93 the company came out with an Rs 8.56-cr public issue of 85.6 lac equity shares at par to part-finance setting up an integrated aquaculture project in Kavali Andhra Pradesh and to meet working capital requirements totalling Rs 38.3 cr. The company is into integrated shrimp aquaculture consisting of shrimp farms a hatchery a feed mill and a processing plant producing shrimps prawn fry and feed. It notched up an export turnover of around Rs 14.70 cr in 1995-96 through exports to Japan and Singapore. The company has a marketing arrangement with Asia Pacific Seafoods Singapore which will buy all its products. SAFE has collaborated with Gold Coin Singapore to set up a feed mill.

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