Intimation of receipt of factory licence
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Awaiting price reaction for this filing.
Saptarishi Agro Industries has received a factory licence from the Directorate of Industrial Safety and Health, Gujarat, for its new manufacturing unit at Plot No. M1 & M2, Fanidhar Mega Food Park, Village Mudarda, Mehsana. The licence, issued under the Factories Act, is required before the company can begin commercial operations at the site. The project relates to the Frozen Fruits & Vegetables Processing Project that the company had previously disclosed. The filing confirms a key regulatory clearance but does not specify investment value or revenue impact at this stage.
This is a positive development as the licence clears a key regulatory hurdle needed to start operations at the new processing facility. Shareholders should watch for further updates on commercial production commencement and any revenue guidance, which could be a future growth trigger.