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| Exchange Disseminated Time 23/11/2015 15:32:55 | Sanwaria Agro Oils Ltd has informed BSE that the Board of Directors informed that it has been decided to form a subsidiary Company in Dubai to cater specific business needs for export and marketing of Basmati Rice for Middle East Market. Further, Iran, Iraq and African markets will also be catered through this subsidiary.
Presently, the Company is introducing its Basmati Rice Brand "Nashira ®" for the Middle East Market and others with a local partner there.
The Board of Directors noted further that presently the paddy processing capacity of the Company under operation is 600 Metric tonnes (MT) per day and a substantial portion of revenue of the forthcoming Quarters including the running Quarter will come from Paddy / Rice business. |
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