Manorama Industries Limited has informed the Exchange regarding a press release dated August 28, 2025, titled "Press Release".
MANORAMA · price
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Awaiting price reaction for this filing.
Manorama Industries has signed an MOU with the Government of Burkina Faso to set up a new factory for processing Shea Nuts and Mango Kernels, to be operated through a new wholly owned subsidiary called Manorama Burkina Industries SA. Separately, its wholly owned subsidiary Manorama Latin America LTDA has entered a strategic partnership with DEKEL Agroindustria to manufacture Cocoa Butter Equivalent (CBE) and specialty fats in Brazil, with production targeted to start tentatively in November 2025. Manorama claims it will be the first global CBE producer to manufacture in Brazil, supplying raw materials while using DEKEL's facility in Itapolis, São Paulo. The moves are aimed at backward integration in Africa and tapping the Latin American chocolate market. Chairman Ashish Saraf said the partnerships will improve supply chain efficiencies and support growth ambitions.
Positive for shareholders — global expansion into Africa and Latin America opens new revenue streams and strengthens backward integration, though execution and geopolitical risks in Burkina Faso remain. Short-term stock reaction is likely to be upbeat given the marquee nature of the Brazil partnership.