Ambo Agritec Ltd Share Price

History of Ambo Agritec Ltd

Ambo Agritec Limited was originally incorporated as a Private Limited Company in the name of 'Sunny Biscuits Bakery and Confectionery Private Limited' on September 07, 1994 at Kolkata. Subsequently, name of Company changed to 'Ambo Foods Private Limited' dated May 30, 2008. The name of Company was further changed to 'Ambo Agritec Private Limited' dated February 18, 2013. The status changed to Public Limited and name of the Company changed to 'Ambo Agritec Limited' at the Extra-ordinary General Meeting of the Company held on August 25, 2022 and a fresh Certificate of Incorporation consequent to conversion was issued on September 01, 2022 by the Registrar of Companies, Kolkata. The Company was allotted 1 acre and 52 square feet of land in Mangalpur Industrial Estate, Raniganj promoted an ...d developed by Asansol Durgapur Development Authority, a Statutory Authority of Government of West Bengal. Led by the Company Promoter, Mr. Umesh Kumar Agarwal, the Company is primarily engaged in Manufacturing of Biscuits, outsourced manufacturing of Edible Oils, Vanaspati and Bengali Speciality Products. In addition, it is also engaged in trading of Crude Linseed Oil, Soyabean Meal, etc. The Company use raw material of premium quality sourced from reputed local suppliers for Biscuits and raw materials imported for Edible Oils & Vanaspati, which help them to ensure the quality of products. The manufacturing plant for biscuits is situated at Mangalpur Industrial Estate, Raniganj in West Bengal. Their plant facility is well equipped with machineries and other handling equipment to facilitate smooth manufacturing process. The Company began its journey with manufacturing of biscuits under the brand name 'Sunny Biscuits'. Today, the product portfolio includes premium biscuits, potato chips, extruded snacks, under brand 'HAPPY BITE', edible oils under brand 'HAPPY HEART', Vanaspati under brand 'AMBO GOLD' & 'VANASPATI 2000' and Bengali specialized packed food items under brand 'MAX HEALTH'. Within a few years of operation, it expanded its production and launched another premium brand of biscuits under the brand name 'Happy Bite' for the semi urban markets. The Company has presently focused on new expansions & diversification to drive its business in Indian & overseas markets. It maintain hygienic norms and use good quality raw materials for manufacturing their products. During the year 2017, Company sold their Liquid Storage terminal at Nhava Sheva Port to one of the group company, Infinitium Storage Solution LLP. Further looking at the opportunities in the market, it had diversified into the business of trading of PVC Polymer, bio-diesel, gold, silver bars and established itself as a Multi commodity trading organization. The Company came out with a Public Issue by issuing 34,00,000 Equity Shares of face value of Rs 10 each in November, 2022 by raising Rs. 10.20 Crore through Fresh Issue.