Growington Ventures India Ltd receives shareholders’ approval for migration to Main board of BSE Ltd from SME Platform of BSE

Company in the July 15 board meeting had approved migration to Main Board
 Mumbai (Maharashtra) [India], October 10: Mumbai based BSE SME listed company Growington Ventures India Limited promoted by CA Vikram Bajaj is soon likely to migrate to main board of BSE Ltd from SME Platform of BSE. Company also received the shareholders’ approval for the same. Company in the board meeting dated July 15 had approved the migration of listing/trading of equity shares of the company from SME platform of BSE to main board of BSE Ltd. The resolution was passed through postal ballot by the shareholders.         
Growington Ventures Ltd is engaged in the business of supply chain from import of Fresh Fruits and distribution to corporate in hospitality and E-commerce company. The Company is professional managed with the vision to serves the fresh fruits in pan India market by sourcing of fruits from farms with tie up in Turkey, Vietnam, South Africa, Greece, Chile etc.  Company’s USP is to source the fresh fruits from farm with quality check with international standard packaging and quick logistic facility to deliver finest of quality fruits to valued customers. We have developed the goodwill and brand for quality fruits. The Company has established a brand named as “GROWFAMIO”. 
Company has recently approved the conversion of remaining 1.58 lakh Convertible warrants into 1.58 lakh equity shares of face value of Rs. 10 each. Consequent to the conversion of warrants/allotment of equity Shares, no any warrants remain pending for. Pursuant to conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 16.05 crore consisting of 1.60 crore fully paid-up Equity Shares of Rs. 10 each.
For the FY23, company has reported multi-fold growth in the business. Sales for FY23 grew to Rs. 19.63 crore as compared to sales of Rs. 1.23 crore in FY22. Company earned net profit of Rs. 1.26 crore as compared to loss of Rs. 3 lakh in FY22.  Company has performed well post covid and also declared bonus shares (24:100) in March 2023. 
Company has wide portfolio of fruits like Apple, Orange, Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mangosteen, Ram Bhutan, Longan, Dates, Tamarind, Dates and so on. Considering the health awareness and life style of Indian public, demand for variety of imported fruits has increased such as avocado, blueberry & dragon fruits. Company has created a highly Competent, Strong Procurement & Distribution Support team within and outside the India. 
Considering the growth in business, management has plans for business expansion by having leased cold storage facility and setting up of Fruits & Spice processing unit near in MIDC, Navi Mumbai. It has plans for FASSAI approved Spice processing unit with automatic grinding, separation and packing facility. Products will be Turmeric, Coriander, Cumin, Chili powder and other variety of Spices powder. Capital investment along with additional working capital will be approx Rs. 1000 Lacs. It has plans to have own E- Commerce portal for B 2 B and B 2 C along with own distribution network with cold chain to cater on national level. It has plans to become supply chain partner to cater company like Reliance, Big Basket, Godrej Fresh, More, Amazon and others for fruits, spices powder under own brand name.   
Company has tied up with Vietnam & Turkey based company to source fresh fruits on long term basis. It is also planning to do a long term business in Joint Venture with Company of Vietnam. It has developed the regular customers in India to provide regular supply in Wholesale Market, Retail Stores, Hotels, Chain of Restaurant and online distributors of fresh fruits.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

#Anniversary abhinay deo Business Business News fitness HTDS News luxury gym Mumbai neeta shah nitrro bespoke fitness PNN News powai prabodh v. davkhare Press Release roar energy drink UNI News

Nitrro Bespoke Fitness Powai’s 6th Anniversary Was a Stellar Celebration of Strength & Style Spearheaded by Prabodh V. Davkhare

Mumbai (Maharashtra) [India], July 5: The celebration saw the presence of Abhinay Deo, Neeta Shah (Producers of GamerLog ) Prashant Virendra Sharma, Thakur Anoop Singh,Shweta Khanduri, Prashant Virendra Sharma, Simran Ahuja,, Sonia Birjee, Sangeeta Kapur, Gaurav Sharma & Many More. The city’s fitness elite gathered for an unforgettable evening as Nitrro Bespoke Fitness Powai, India’s […]

Read More
Business News Education global academic collaboration India Nepal cultural exchange PNN News Press Release Sanskrit Conference 2025 Sanskrit heritage Sarvajanik University UNI News

Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

Surat (Gujarat) [India], July 5: The 19th World Sanskrit Conference, held in Kathmandu, Nepal, from 26th to 30th June 2025, emerged as a grand celebration of Sanskrit language, literature, and heritage. With participation from over 55 countries, the international gathering brought together renowned scholars and researchers to deliberate on the relevance, preservation, and future of […]

Read More
biopic Business News Entertainment hetal dave indian cinema jackie shroff Jacqueline Fernandez jio studios netflix PNN News Press Release sanya malhotra shriyam bhagnani sumo didi UNI News

Jacqueline Fernandez, Sanya Malhotra and Jackie Shroff back Shriyam Bhagnani’s Sumo Didi

Mumbai (Maharashtra) [India], July 5: Sumo Didi, the upcoming biopic from Jio Studios, is making waves across the country even before its official release. The film, based on the true story of Hetal Dave, India’s first and only professional female sumo wrestler, has already won over some of the biggest names in entertainment, sport, and […]

Read More