Net profit of Avanti Feeds declined 9.12% to Rs 66.26 crore in the quarter ended June 2022 as against Rs 72.91 crore during the previous quarter ended June 2021. Sales rose 11.39% to Rs 1569.30 crore in the quarter ended June 2022 as against Rs 1408.81 crore during the previous quarter ended June 2021.

Powered by Capital Market - Live News

Avanti Feeds will hold a meeting of the Board of Directors of the Company on 10 August 2022.

Powered by Capital Market - Live News

Avanti Feeds announced that the company had previously informed that CDC (Centre for Disease Control, US Government) and US Food and Drug Administration (USFDA) had recalled some of the cooked Shrimp products exported to US by the Avanti Frozen Foods, a Subsidiary Company (AFFPL), from the US market, identified as potential for contamination for containing Salmonella in those Products.

Subsequently, the USFDA, after satisfied with several preventive measures and streamlining of the quality control systems taken by the AFFPL, considered the recall of the product(s) to be terminated vide its email received by the Company from USFDA during the early hours of 25 May 2022.

Powered by Capital Market - Live News

Avanti Feeds announced that the 29th Annual General Meeting (AGM) of the company will be held on 12 August 2022.

Powered by Capital Market - Live News