Krishival Foods Ltd takes possession of food processing unit in Halkarni Industrial Area, Kolhapur

Krishival Foods Limited (NSE: KRISHIVAL) (BSE: 544416), one of the fastest-growing FMCG companies in India, specializing in premium nuts, dried fruits, and ice cream, announced that it has taken physical possession of an industrial property in the Halkarni Industrial Area, Kolhapur (Maharashtra), acquired via a SARFAESI auction conducted by Union Bank of India. Physical possession of the asset was formally handed over to the company.

The newly acquired property comprises approximately 8,000 square meters of land with 1,770.49 square meters of existing construction, providing scope for phased capacity expansion. The acquired parcel, spread across about 2 acres, lies adjacent to the company's existing 5-acre MIDC land, effectively bringing KFL's total landholding in the Halkarni Industrial Area to around 7 acres.

The company plans to leverage this land bank to develop an integrated processing unit for its nuts division, aligning with its long-term capacity expansion and value-added processing strategy. The larger footprint is expected to strengthen KFL's operational efficiencies, enable backward integration, and support future product innovations under its packaged foods business.

Commenting on the development, Sujit Bangar Chairman, said, "This is a strategic, value-accretive addition to our manufacturing base. The adjacency to our existing MIDC land significantly de-risks future expansion, while the ready construction accelerates time-to-commission for our nuts division."

Shares of Krishival Foods Limited was last trading in BSE at Rs. 496.05 as compared to the previous close of Rs. 498.45. The total number of shares traded during the day was 13389 in over 159 trades.

The stock hit an intraday high of Rs. 501.70 and intraday low of 495.00. The net turnover during the day was Rs. 6683007.00.

Source : Equity Bulls

Keywords

KrishivalFoods PhysicalPossession IndustrialProperty Kolhapur