Integra Essentia Limited.,a prominent player engaged in business of Life Essentials, in its board meeting held on November 27, 2023, approved bonus issue of shares in 1:1 ratio (one equity share of Rs. 1 each for every one equity share held by the shareholders of the company as on record date), subject to shareholders and other statutory approvals. Record Date to determine the eligible shareholders shall be decided and will be intimated to exchange separately.
To accelerate the growth further, the board approved issuance and allotment of securities to raise funds for an aggregate amount of up to Rs. 100 Crore, by way of a Preferential Allotment, QIP’s, ADR, GDR, FCCB or any other method or combination thereof including series of Right Issue(s), each tranche not exceeding Rs. 50 Crore. The company will seek members approval for all requisite board decisions as may be necessary.
Earlier, the company announced that its agro business bagged advance orders amounting ~Rs 150+ Million from one of India’s premier business house – M/s Sarveshwar Foods Limited, and its material subsidiary M/s Himalayan Bio Organic Foods Limited (Sarveshwar Group).
The company has nurtured a long-term understanding with most of its customers and is eying to supply Agro-Products worth about ~Rs. 900 Million per year to the Sarveshwar Group which is an ISO 22000:2018 and USFDA (United States Food and Drug Administration) certified company besides having BRC (biggest global standard for food safety), Kosher, NPPO USA & CHINA along with NOP -USDA Organic certifications for its products.
To scale up the business operations for the Agro-based Products, the Company has been working on similar long-term association with several prestigious business houses in India and overseas markets as well. As an enduring sustainable business strategy, Integra Essentia Limited is aiming at synergetic amalgamations to tap into the business potential embedded in the ever-growing demand of life essentials and a wide variety of life essentials and lifestyle products, based on modern business approach of sourcing, producing and marketing of wide range of bulk and speciality materials and services.
Integra Essentia Ltd. is a company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.
To serve the society, nation and global requirement by exploring and utilising their available resources, deliverable at minimum cost to end users, the Company is committing significant investments in Food Essentials and remains focused on establishing itself as the leading player in the foods industry. Besides food essentials and other businesses, the Company is presently emphasising supplying bulk and speciality materials and services for Infrastructure needs of the nation.