Corporate Feature     

Published: August 15, 2023
Updated: August 15, 2023

Sarveshwar Foods

Century-old Basmati rice legacy

Jammu & Kashmir-headquartered the BSE and NSE listed Sarveshwar Foods Ltd (BSE: 543688, NSE: SARVESHWAR), is a leading brand in the business of organic rice and grains, has announced the split of its stock in the ratio of 1:10; i.e., sub-division of one share of a face value of Rs 10 into 10 shares of a face value of Re1.

At the same time, the board of directors has also approved the issuance of bonus shares in the ratio of 2:1; i.e., 2 equity shares for every one equity share held by a shareholder as on the record date.

Earlier, the company announced that as part of its CSR Initiatives for Skill Development and Training, it facilitated the first State Conference 2023 of the Jammu chapter of NIRC of the Institute of Company Secretaries of India (ICSI) in collaboration with IIT-Jammu. The conference was conducted at IIT- Jammu on the theme, ‘Role of CS in Start-up and Entrepreneurship’. The conference was chaired by Professor Manoj Singh Gaur, Director, IIT-Jammu as Chief Guest and Rohit Gupta, Chairman, Sarveshwar Foods Limited, as Guest of Honour, and was attended by various members of the Jammu chapter of ICSI and promoters/directors of incubatee companies with IIT Jammu.

Sarveshwar Foods Limited (SFL) is an ISO 22000:2018 and USFDA (United States Food and Drug Administration)- certified company. It also has BRC (biggest global standard for food safety), Kosher, NPPO USA & CHINA along with NOP -USDA Organic certifications for its products. The company is engaged in the business of manufacturing, trading, processing and marketing of branded and un-branded Basmati and non-basmati rice in the domestic and international markets. Its operations are based out of the Jammu region in J&K.

PURELY ORGANIC

The company has a sustainable and positive legacy of serving healthy and tasty rice for more than 130 years, and in the last couple of decades has expanded its reputation to other premium categories of FMCG and organic products. SFL belongs to the land in the foothills of the Himalayas which is nourished by fertile, mineral-rich soil, organic manure and the snow-melted waters of the river Chenab. Without using any artificial fertilizers and chemicals, it produces a full range of organic products, sold under the brand name ‘Nimbark’ and conceptualized to spread the philosophy of a ‘Satvik’-conscious lifestyle.

To sell its products, SFL has adopted a 3-pronged strategy — through conventional channels, its own retail outlets, and tapping newgen’s growing tendency to buy products online through www.nimbarkfoods.com

SFL is the first private sector NSE- and BSE-listed food company in Jammu & Kashmir with the NSE symbol SARVESHWAR and BSE scrip code 543688.