Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, the Company is pleased to inform that the Company has further accelerated its retail expansion under the Apna Mart brand through ....
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Ambo Agritec Ltd has opened three new Apna Mart stores at Hindmotor, Ashoknagar, and Guma in West Bengal, taking its total store count to six (previously three in Raniganj and Asansol). The expansion is part of the company's plan to scale up to 30 Apna Mart outlets and is run through a Master Franchisee network. The stores use a Direct-to-Retail (D2R) distribution model focused on FMCG products and last-mile delivery. More store launches are planned within the current month, and the company says this is the start of a strong growth phase for the financial year.
The store expansion signals an aggressive push into the retail/FMCG space, which could help grow revenue over time, but six stores are still a small base against the 30-store target. Short-term impact on the stock is likely limited since no financial figures were disclosed.