Kore Foods , formerly known as Team 24 Consumer Products Limited, has received approval from the Bombay Stock Exchange (BSE) to reclassify Polaroid Corporation from the promoter group to the public category. This move marks a shift in the company's shareholding structure and compliance with regulatory requirements.

Reclassification Details

The reclassification involves 9,00,000 shares, representing a 3.51% stake in the company. Following this change, the shareholding structure has been altered as follows:

Regulatory Compliance

The reclassification was approved by BSE under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kore Foods had initially applied for this reclassification in October 2022, with BSE granting approval on October 16, 2025.

Impact on Shareholding

The move results in a decrease in promoter holding from 77.44% to 73.93%, while public holding increases from 22.56% to 26.07%. This change in shareholding structure may potentially increase the stock's liquidity and broaden the investor base.

Strategic Collaboration

In a separate announcement on the same day, Kore Foods disclosed a strategic collaboration with Nable Pte. Ltd, a Singapore-based company. The partnership aims to explore joint opportunities in the biodegradable technology sector, focusing on technology transfer and innovation in sustainable agricultural practices.

This collaboration aligns with the company's commitment to sustainability and environmental responsibility, potentially opening new avenues for growth and innovation in the biodegradable-tech industry.

Kore Foods (formerly known as Team24 Consumer Products Limited) has announced a strategic collaboration with Nable Pte. Ltd, a Singapore-based company, to explore joint opportunities in the biodegradable technology sector. This partnership marks a significant step towards innovation and sustainability for the Indian consumer products company.

Key Highlights of the Collaboration

• Focus Areas: Technology transfer and innovation in biodegradable solutions
• Primary Sector: Sustainable agricultural practices
• Mutual Goal: Identify synergies within the biodegradable-tech industry
• Shared Vision: Pursue initiatives aligned with sustainability and environmental responsibility

Implications for Sustainable Agriculture

The collaboration between Kore Foods and Nable Pte. Ltd is poised to bring advancements in biodegradable technology to the agricultural sector. This partnership could potentially lead to the development of eco-friendly solutions that reduce environmental impact while enhancing agricultural productivity.

Corporate Commitment to Sustainability

This strategic move by Kore Foods demonstrates the company's commitment to environmental stewardship and sustainable business practices. By partnering with a Singapore-based firm, the company is also positioning itself to tap into international expertise and potentially expand its reach in the global biodegradable technology market.

Looking Ahead

While specific details of the initiatives are yet to be disclosed, this collaboration signals a promising direction for both companies. Stakeholders will be keen to observe how this partnership translates into tangible products or solutions in the future.

As the biodegradable technology sector continues to grow in importance, partnerships like this one between Kore Foods and Nable Pte. Ltd may become increasingly common, driving innovation and sustainability across industries.