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RAGHUVANSH AGROFARMS LTD.

04 December 2024 | 12:00

Industry >> Agricultural Products

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ISIN No INE865P01016 BSE Code / NSE Code 538921 / RAFL Book Value (Rs.) 58.38 Face Value 10.00
Bookclosure 21/09/2024 52Week High 487 EPS 5.47 P/E 19.63
Market Cap. 127.99 Cr. 52Week Low 88 P/BV / Div Yield (%) 1.84 / 0.00 Market Lot 625.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was originally incorporated on December 19, 1996, as 'Raghuvansh Agrofarms Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, U.P., Kanpur and obtained the certificate for commencement of business on January 02, 1997. The Corporate Identification Number of the company is U40300DL1996PLC258176.

Since its inception, the Company is engaged in agriculture operations. The Company is broadly engaged in cultivation of Organic Vegetables, Organic Grains and Cereals. We have an integrated facility for cultivation, processing and distribution of agricultural produce. Apart from the above, the Company is also engaged in dairy farming and production and distribution of dairy products.

Recently the Company has ventured into the field of renewable energy. The Company has been successfully running a Bio Gas Power Plant on pilot basis at its Kapli Farms. The said plant has been operational for a period of more than 1 year. Apart from that, the Company is in process of commissioning a 1000 M3 capacity Bio Gas Plant for Power Generation at the factory premises of its subsidiary, M/s Sanjeevani Fertilizers and Chemicals Private Limited and has entered into Memorandum of Understanding dated September 23, 2014.

The Company is also planning to set up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, atta, Soya bean and spices such as Coriander, Chilies etc. in Pitampura Industrial Area on Agra- Mumbai, Road, Indore, Madhya Pradesh and has entered into a Memorandum of Understanding dated August 23, 2014 (MOU) with President of India acting through and represented by Board of Radiation and Isotope Technology (BRIT).

The Promoters are Mr. Subodh Agarwal, Model Kings Safetywear Limited and Litmus Investments Limited.

Major Events

1996 - Incorporated as Public Limited Company under the Companies Act, 1956 in the name of 'Raghuvansh Agrofarms Limited'. 1997 - The Company obtained certificate of commencement of business from Registrar of Companies, U.P. Kanpur.

2013 - Commencement of Bio Gas Power Plant on pilot basis at Kapli

2014 - Commencement of construction of 1000 M3 capacity Bio Gas Digester. - Signing of MoU with the President of India acting through and represented by Board of Radiation and Isotope Technology ('BRIT') for setting up a 3 MCi commercial radiation processing facility for approved low and medium dose items such wheat, atta, Soya bean and spices such as Coriander, Chilies etc. in Pitampura Industrial Area on Agra- Mumbai, Road, Indore, Madhya Pradesh.

2015

-Raghuvansh Agrofarms are listed and admitted to dealings on the Exchange in the list of 'MT' Group Securities.