Held on 04 July 2015
Avanti Feeds announced that the Board of Directors of the Company at its meeting held on 04 July 2015 approved the following -Purchase of totoal equity shares of Avanti Frozen Foods. Consequently, Avanti Frozen Foods will be a wholly owned subsidiary of the Company.
Accorded in-principle approval to transfer existing shrimp processing facilities of the Company at Ravulapalem, Andhra Pradesh to Avanti Frozen Foods to facilitate bringing shrimp processing facilities under one roof.
Approved implementation of a new shrimp processing facility in East Godavari District, Andhra Pradesh by Avanti Frozen Foods, a subsidiary of the Company.
Approves to expand shrimp feed production capacity by setting up a new shrimp feed plant in West Godavari District, Andhra Pradesh.
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