Sarveshwar Foods Limited — Updates, 26-11-2024: Press Release

Sarveshwar Foods Limited's wholly-owned subsidiary, Green Point Pte. Ltd., has secured a significant order to supply 12,000 MT of Indian Long Grain Parboiled Rice to Monarda Commodities Pte. Ltd., valued at approximately Rs. 445 million. This order is a key component of the subsidiary’s strategy to achieve an annual revenue target of Rs. 2000 million. Green Point is strategically positioned in the expanding global rice market, projected to grow substantially due to rising demand for gluten-free products. The Chairman of Sarveshwar Group expressed confidence in meeting the Rs. 2000 million target this fiscal year, contributing to an overall projected turnover of Rs. 10,000 million for Sarveshwar Foods. The company aims to capitalize on increasing global demand for rice-based products, positioning itself as a leader in the domestic and international rice export sectors. Positive market dynamics present a strong outlook for growth, which investors should watch closely.