Tanvi Foods (India) Ltd — Results, 29-05-2025: Result

Tanvi Foods (India) Limited has announced a board meeting on which it approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2025, with unqualified audit reports. The company approved the divestment of its entire stake in its wholly owned subsidiary, Squarepeg Distribution Services Pvt Ltd, which had no revenue but a net worth of Rs. 67 lakh. The sale consideration is Rs. 26.7 lakh to promoter-related buyers, conducted at arm’s length. Funds raised through a preferential allotment of Rs. 35.84 Cr have been fully utilized without any deviation, primarily towards completing a new facility, working capital, unsecured loan repayment, and corporate purposes.