Corporate Feature     

Published: November 30, 2023
Updated: November 30, 2023

Integra Essentia Ltd

Company to issue 1:1 bonus shares: Plans Rs. 100-cr. Fund-raising drive

Integra Essentia Limited, a prominent player in the business of Life Essentials, at its board meeting on November 27, 2023 approved a bonus issue of shares in a 1:1 ratio one equity share of Re 1 for every one equity share held by shareholders, subject to shareholders and other statutory approvals. The record date to determine eligible shareholders shall be decided and will be intimated to the exchanges separately.

Earlier, the company announced that its agro business has bagged advance orders amounting to ~Rs 150+ million from one of India’s premier business houses, Sarveshwar Foods Limited, and its material subsidiary Himalayan Bio Organic Foods Limited. The company has nurtured a long-term understanding with most of its customers and aims 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, and NOP-USDA Organic certifications for its products.

BIZ SYNERGIES

To scale up business operations for the agro-based products, the company has been working on similar long-term associations 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 for life essentials and a wide variety of life essentials and lifestyle products, based on a modern business approach of sourcing, producing and marketing a wide range of bulk and speciality materials and services.

Integra Essentia Ltd is engaged in the business of Life Essentials, i.e., food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development), energy (materials, products and services for renewable energy equipment and projects), and many more products and services required to sustain modern life.

To serve society, the nation and global requirements 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 the infrastructure needs of the nation.

ntegra Essentia is a business with a substantial role to play both in creating and providing effective basic life materials and services as well as in enhancing living standards and lifestyles through its vide offering of agro, health & nutrition, clothing, energy & infrastructure, bulk materials and other lifestyle-related products.

WINERY IN FOLD

Marching ahead on the fast-growth track, Integra Essentia recently acquired the Chateau Indage winery as part of its long-term business growth strategy and to strengthen its presence in the entire supply chain spectrum of consumable goods. The rise in disposable incomes, rapid urbanization, access to reasonably priced domestic wines, the perceived health benefits of consuming low alcohol beverages, and changing consumer attitudes have led to a significant increase in wine consumption.

The company is promoted and managed by a core team of experts of diverse experience relevant to the company’s businesses. The securities of the company are listed on both the nationwide stock exchanges — BSE (Scrip Code: 535958) and NSE (Scrip Code: ESSENTIA).