Latest news about Ovobel Foods
Ovobel Foods
271.25
+12.20(+4.71%)
Company Performance:
View Company Insights1D+4.71%
1M+46.19%
6M+76.65%
1Y+92.31%
5Y0.00%
More news about Ovobel Foods
10Feb 26
Ovobel Foods Reports Strong Q3FY26 Results with Net Profit of ₹277.82 Lakhs
Ovobel Foods Limited announced impressive Q3FY26 financial results showing a remarkable turnaround with net profit of ₹277.82 lakhs against a loss of ₹115.01 lakhs in Q3FY25. The company achieved strong revenue growth of 44.9% YoY to ₹7,405.36 lakhs and demonstrated exceptional nine-month performance with net profit increasing 272.2% to ₹1,193.71 lakhs.
30Oct 25
Ovobel Foods Open Offer: Five Acquirers Launch Rs. 49.41 Per Share Bid for 26% Stake
Five acquirers have initiated an open offer for Ovobel Foods Limited, seeking to acquire 2,730,208 equity shares, representing 26% of the company's total paid-up and voting share capital. The offer price is set at Rs. 49.41 per share, with the offer period running from February 8 to February 22, 2021. The acquirers have deposited 100% of the required amount in an escrow account. The Committee of Independent Directors has deemed the offer fair and reasonable. Three of the acquirers were appointed as additional directors on December 11, 2020. Ovobel Foods' shares are listed on the BSE and categorized as infrequently traded under SEBI regulations.
18Oct 25
Ovobel Foods to Seek Shareholder Approval for Related Party Transactions at EGM
Ovobel Foods Limited has scheduled an EGM for November 11, 2025, to seek approval for two significant related party transactions. The first involves purchasing eggs and selling crushed egg shell powder to Ashraya Farms, owned by a company promoter, for up to Rs. 300 crore annually. The second is a 30-year land lease agreement with the Managing Director for 9.175 acres at an annual rent of Rs. 5,000 and a refundable deposit of Rs. 1.26 crore. These transactions are part of Ovobel's growth strategy to secure quality egg supply and implement backward integration. Shareholder voting will be conducted through remote e-voting and at the EGM.
03Oct 25
Ovobel Foods Limited: Shareholders Approve 5 Out of 7 Resolutions at 33rd AGM
Ovobel Foods Limited held its 33rd AGM on September 30, 2025, via video conferencing. Shareholders approved five resolutions including the adoption of financial statements, re-appointment of directors, and appointment of a secretarial auditor. Two resolutions related to related party transactions were rejected. The meeting saw participation from 47 out of 6,552 shareholders, with e-voting services provided by CDSL.
05Aug 25
Ovobel Foods Reports 27.5% Revenue Surge in Q1, Net Profit Remains Stable
Ovobel Foods Limited announced Q1 financial results with net sales of ₹6,067.91 lakhs, a 27.5% increase from the previous year. Net profit remained stable at ₹274.68 lakhs. Operating profit rose to ₹311.39 lakhs, up from ₹255.02 lakhs year-over-year. The cost of materials increased to ₹4,101.11 lakhs, reflecting higher production volume. EPS remained unchanged at ₹2.90. Other income decreased to ₹112.48 lakhs, while finance costs increased to ₹54.99 lakhs. Total expenses for the quarter were ₹5,756.52 lakhs.
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1,702.00
(+8.28%)
267.90
(+4.02%)
20.98
(+0.05%)
455.70
(+5.00%)
271.25
(+4.71%)
70.35
(-1.36%)
165.20
(+0.70%)
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