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NARMADA · price
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Narmada Agrobase Limited has incorporated a new wholly owned subsidiary named 'Narmada Bio Feed Private Limited' on May 6, 2026. The subsidiary will operate in the cattle feed industry, engaging in production, processing, trading, and distribution of cattle feed, poultry feed, aqua feed, bio feed, organic feed supplements, agrochemical products, and animal nutrition products. The company also plans to utilize agricultural and animal waste for manufacturing bio feed, compost, biogas, and renewable energy products. Narmada Agrobase holds 100% stake in the new entity through an initial capital subscription of Rs. 1 Lakh (10,000 shares).
This is a routine expansion move where the company diversifies into animal nutrition and feed business through a new subsidiary. The impact on the parent company's stock is likely neutral to slightly positive as it represents business expansion, though the initial capital of Rs. 1 lakh is modest and the subsidiary is in early stages.