Patanjali Foods Limited (PFL), a key player in the Indian FMCG sector, has achieved a significant milestone in its international trade operations. The company announced that it has been granted the prestigious Authorized Economic Operator (AEO-T2) certification by the Directorate of International Customs.

Enhanced Global Trade Status

The AEO-T2 certification is a recognition of Patanjali Foods' commitment to maintaining secure international supply chains. This certification, which aligns with the World Customs Organization's (WCO) SAFE Framework of Standards, is expected to streamline the company's global trade processes and enhance its credibility in international markets.

Implications for Patanjali Foods

Receiving the AEO-T2 status brings several advantages for Patanjali Foods:

1. Improved Supply Chain Security: The certification acknowledges the company's robust measures in securing its international supply chain.
2. Faster Customs Clearance: AEO-T2 status often results in expedited customs procedures, potentially reducing delays in international shipments.
3. Enhanced Global Reputation: This certification serves as a mark of reliability and compliance in international trade circles.
4. Competitive Advantage: The AEO-T2 status may give Patanjali Foods an edge over competitors in global markets.

Official Disclosure

In compliance with regulatory requirements, Patanjali Foods Limited has officially disclosed this development to the stock exchanges. The company stated in its filing:

"Patanjali Foods Limited has been granted Authorised Economic Operator Certificate (AEO – T2). This certification demonstrates Patanjali's profound commitment to secure the international supply chain in compliance of WCO's Safe Framework of Standards."

Looking Ahead

The AEO-T2 certification is likely to bolster Patanjali Foods' position in the international market. As the company continues to expand its global footprint, this recognition from the Directorate of International Customs could play a crucial role in facilitating smoother trade operations and opening new opportunities in the international arena.

Investors and stakeholders will be keenly watching how Patanjali Foods leverages this certification to enhance its international trade capabilities and potentially boost its global market presence.

Patanjali Foods Limited (PFL), a prominent player in the Indian FMCG sector, has made a significant announcement that is set to benefit its shareholders. The company's Board of Directors has recommended the issuance of bonus shares in a 2:1 ratio, subject to shareholder approval through a postal ballot e-voting process.

Bonus Share Details

The proposed bonus issue will see shareholders receive two new equity shares of Rs. 2.00 each for every one existing equity share held. This move is expected to increase the company's paid-up share capital while rewarding its shareholders.

Shareholder Approval Process

The company has initiated a postal ballot e-voting process for shareholder approval, which is scheduled to run from July 23, 2025, to August 21, 2025. This democratic process allows all eligible shareholders to have their say in this important corporate action.

Appeal to Physical Shareholders

In light of recent regulatory changes, Patanjali Foods is making a strong appeal to its physical shareholders. The company has highlighted that due to SEBI regulations effective from May 23, 2023, bonus shares can only be allotted in dematerialized form.

To ensure smooth allotment of bonus shares and timely receipt of dividends, the company is urging physical shareholders to take the following steps:

1. Open a demat account if they haven't already done so.
2. Share their demat account details with the Registrar and Transfer Agent (RTA).
3. Submit required forms, including ISR-4.
4. Update their KYC (Know Your Customer) documentation.

Implications for Non-Compliant Shareholders

For shareholders who remain in physical form on the record date, the company has a contingency plan. Their bonus shares will be transferred to a suspense escrow demat account until proper documentation is completed. This measure ensures that no shareholder misses out on their entitlement due to procedural delays.

Company Support

To facilitate this transition, Patanjali Foods has provided templates and guidance on its website for the KYC updation processes. The company is actively assisting shareholders in completing these formalities to ensure they receive their bonus shares and future dividends promptly.

Dividend Announcement

In addition to the bonus share issuance, Patanjali Foods has declared a final dividend of Rs. 2.00 per share (pre-bonus) for the financial year 2024-25, subject to shareholder approval. This further underscores the importance for physical shareholders to complete their KYC and dematerialization processes.

The move by Patanjali Foods to issue bonus shares and streamline its shareholder base aligns with broader market trends towards digitization and improved corporate governance. As the company continues its growth trajectory, these measures are likely to enhance shareholder value and improve overall market efficiency.