Dindigul Farm Product Share Price

Dindigul Farm Product Limited was incorporated as Dindigul Farm Product Private Limited under the Companies Act, 1956, pursuant to the certificate of incorporation issued by the RoC, Tamil Nadu, Coimbatore on September 29, 2010. Name of the Company was subsequently changed to Dindigul Farm Product Limited, and a fresh certificate was issued on December 27, 2023 by ROC, Coimbatore. Pursuant to the share purchase on June 30, 2022, by Indrayani Biotech Limited from some of then existing shareholders, IBL acquired 7,33,482 Equity Shares constituting 51% of the then existing paidup equity share capital. The company is primarily engaged in processing of whole milk and skimmed milk to make dairy ingredients including, milk protein concentrates, skimmed milk powder, dairy whitener, whey protein concentrate, milk whey powder, casein, unbranded cream, butter and fat filled powders for infant milk formula. The processing facility is situated at Dindigul and is spread over 15 acres.The procurement operations consist of an average procurement of approximately 50,000 litres per day of milk directly from farmers and around 30,0001,00,000 litres per day of whole milk from open market or thirdparty suppliers. Company has built a network of more than 150 village collection centers, with direct access to more than 4,000 farmers and more than 50 dairy farms. The company procures whole milk either directly from the farmers and through third party suppliers. The skimmed milk is procured by the company from third party suppliers, majorly from Group Company A R Dairy Food Private Limited.The Company commenced its export business and became a subsidiary of Indrayani Biotech Limited in FY22. The Company issued and allotted 64,50,000 equity shares of Rs 10 each by raising a fresh issue of Rs 34.83 crore by way of IPO in June 2024.