Advance Agrolife Ltd Share Price

History of Advance Agrolife Ltd

Advance Agrolife Limited was originally incorporated as Advance Micro Fertilizers Private Limited, a private limited company under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated February 27, 2002, issued by the Registrar of Companies, Jaipur. Subsequently, pursuant to a resolution passed by our Board dated December 9, 2020 and a special resolution passed by our Shareholders dated January 6, 2021, the name of our Company was changed from Advance Micro Fertilizers Private Limited' to Advance Agrolife Private Limited' and a fresh certificate of incorporation dated February 3, 2021 was issued by the Registrar of Companies, Jaipur. Upon the conversion of our Company to a public limited company, pursuant to a resolution passed by our Board dated October 19, ...2024 and a special resolution passed by our Shareholders dated November 13, 2024, the name of our Company was changed from Advance Agrolife Private Limited' to Advance Agrolife Limited ' and a fresh certificate of incorporation dated December 04, 2024, was issued by the Registrar of Companies, Central Processing Centre. Advance Agrolife is an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops. Their products are designed for use in the cultivation of major cereals, vegetables, and horticultural crops across both agri-seasons (Kharif and Rabi) in India. Agrochemicals Crop protection products are designed to protect crops from insects, diseases and weeds. They do so by controlling pests that infect, consume or damage crops. Uncontrolled pests significantly reduce the quantity and quality of food production. The Company commenced its commercial operations in 2002 with small-scale production, initially focused on mixing micro-nutrient fertilizers. It established the Manufacturing Facility I in 2007 and this facility served as the foundation of manufacturing capabilities, to the agricultural sector's demand for essential crop nutrition solutions while laying the groundwork for subsequent product diversification and capacity expansion. The Company started the production of two formulation products, i.e. granules and dust pesticide formulation. In 2012, it further diversified formulation portfolio with the introduction of WP (Wettable Powder), WDG (Water Dispersible Granules), EC (Emulsifiable Concentrate), and SC (Suspension Concentrate). Further, in 2018, it established Manufacturing Facility II to strengthen the sulphur-based formulation capabilities, including the production of Sulphur 80% WDG, supported by spray drying facility. To meet growing demand, it established Manufacturing Facility III in 2023, further expanding the formulation-based production capacity. In 2024 Company expanded portfolio to include insecticides and fungicides and also, implemented a backward integration strategy, transitioning Manufacturing Facility I to focus solely on Technical-grade manufacturing, while shifting all formulation grade production to Manufacturing Facility II and Manufacturing Facility III. Company is planning an IPO by making a fresh issue equity shares of 19,285,720 of Rs 10/- each.