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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kings Infra Ventures welcomed the India-EU FTA signed on January 27, 2026, which eliminates the 26% tariff on Indian seafood and opens duty-free access to a $53.6 billion EU market. A US-India trade deal has slashed reciprocal tariffs to 18% from earlier peaks of 25-50%, which the company expects to trigger a recovery in seafood shipment volumes. The Union Budget 2026-27 proposed a record ₹2,761.80 crore for the fisheries sector, with ₹2,500 crore allocated under the PMMSY scheme. Key cost-relief measures include a cut in basic customs duty on shrimp feed from 15% to 5%, broodstock duty from 30% to 5%, and a tripling of the duty-free import limit for seafood processing inputs from 1% to 3% of FOB export value. Fish caught in the EEZ or high seas is now duty-free, optimising supply chain logistics.
Positive for shareholders — improved export competitiveness, lower input costs, and strong government support could boost margins and volumes, though the company has not provided any specific earnings or revenue guidance tied to these developments.