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.

Kore Foods (formerly Kore Foods Limited) has released its financial results for the quarter ended June 30, 2025, revealing a shift from profit to loss. The company has also announced the appointment of new secretarial auditors.

Financial Performance

Kore Foods reported a net loss of Rs 11.24 lakhs for the quarter ended June 30, 2025, a significant downturn from the profit of Rs 287.43 lakhs in the previous quarter. The company's financial results show:

The company's total income from operations stood at Rs 65.76 lakhs, primarily driven by other operating income of Rs 102.70 lakhs. Notably, net sales remained at zero for the quarter.

Total expenses for the quarter were Rs 52.20 lakhs, with other expenses accounting for Rs 50.35 lakhs and employee benefits expense at Rs 1.85 lakhs.

Earnings Per Share

The basic and diluted earnings per share (EPS) for the quarter were negative at Rs (0.10), reflecting the company's loss position.

Capital Structure

Kore Foods maintains a paid-up equity share capital of Rs 2,565.00 lakhs, with shares having a face value of Rs 10 each.

Appointment of Secretarial Auditors

In a separate development, the Board of Directors, at their meeting held on August 13, 2025, approved the appointment of M/s. Agrawal Mundra & Associates, Practicing Company Secretaries (ICSI Unique Code: P2019MP077600) as the Secretarial Auditors of the Company. The appointment is for a first term of five consecutive years, commencing from Financial Year 2025-26 till Financial Year 2029-30, subject to shareholder approval at the upcoming Annual General Meeting.

Agrawal Mundra & Associates, established in 2019, is a peer-reviewed firm of Company Secretaries with offices in Indore and Mumbai. The firm offers a range of corporate advisory and compliance services, including secretarial audits, IPO support, and regulatory law guidance.

Looking Ahead

As Kore Foods navigates through this challenging quarter, investors and stakeholders will be keenly watching the company's strategies to return to profitability and capitalize on potential growth opportunities in the consumer products sector.