Krishival Foods Limited has informed the Exchange about Acquisition of Industrial Land
KRISHIVAL · price
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Krishival Foods Limited has acquired an industrial property in Halkarni Industrial Area, Kolhapur, Maharashtra, through a SARFAESI auction conducted by Union Bank of India. The property includes approximately 8,000 sq. meters of land with 1,770.49 sq. meters of existing construction. This land is adjacent to the company's existing 5-acre MIDC land and will be used for future expansion of its nuts and food processing operations. Physical possession has already been handed over to the company.
This expansion move signals growth ambitions in the nuts and food processing segment and could positively affect production capacity in the medium term. The cost of acquisition has not been disclosed, so the immediate financial impact on shareholders remains unclear.