Latest news about Ovobel Foods
Ovobel Foods
167.30
-2.65(-1.56%)
Company Performance:
View Company Insights1D-1.56%
1M+14.47%
6M-10.53%
1Y+60.48%
5Y+282.40%
More news about Ovobel Foods
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.
Industry Peers
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386.00
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89.50
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167.30
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150.00
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