Annual Report for FY 2024-25
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Tanvi Foods (India) Ltd has submitted its 18th Annual Report for FY 2024-25 to BSE, along with the AGM notice. Standalone turnover rose modestly to Rs. 8,469.74 lakhs (vs Rs. 8,129.89 lakhs in FY24), while net profit after tax dipped slightly to Rs. 36.55 lakhs (vs Rs. 37.87 lakhs). The company's new state-of-the-art plant at Seetharampuram, Andhra Pradesh (investment ~Rs. 45 crore) commenced commercial operations from April 4, 2024. The company also incorporated a 55% US subsidiary, Tanvi Foods USA Inc. (Delaware), in November 2024, with sales of Rs. 113.10 lakhs made to it by year-end. The 18th AGM is scheduled for September 30, 2025 in Hyderabad, where shareholders will vote on a special resolution for re-appointment of Ms. Kesara Charita as Whole Time Director and approval of related party transactions with the US subsidiary up to Rs. 100 crore per year through FY 2029-30.
Shareholders will need to approve a sizable Rs. 100 crore/year related party transaction cap with the new US subsidiary, which is positive for export growth potential but raises governance scrutiny. A slight dip in profits despite new plant commissioning may weigh on near-term sentiment, though international expansion plans (US, Australia, Middle East, UK) could support longer-term growth.