Avanti Feeds Limited Announces Retirement of B V Kumar, MSP Rao and K Ramamohana Rao as Independent Directors of the Company on August, 1, 2021
July 31, 2021 at 01:07 pm EDT
Share
Avanti Feeds Limited announced that Sri B V Kumar, Sri MSP Rao and Sri K Ramamohana Rao Independent Directors of the Company retiring on August, 1, 2021 on completion of their 2nd term as Independent Directors of the Company.
Avanti Feeds Limited is engaged in manufacturing of shrimp feed. The Company operates through three segments: Shrimp Feed, Windmills, and Hatchery. The shrimp feed is manufactured and marketed to farmers, which is used in aqua culture to grow shrimp. The shrimps are purchased from the farmers and are further processed and exported to various countries. It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under a power purchase agreement. It has six shrimp feed manufacturing units and one hatchery. The Companyâs products include raw shrimp, cooked shrimp, and value-added shrimp. Its value-added shrimps include marinated products, breaded products, skewers, and shrimp rings. The Company provides its products to various markets, such as Europe, Japan, Korea, China, Russia, Canada, and the Middle East.