Sarveshwar Foods Expands Food-prints In Punjab & NCR Region; Up 249% From 52W-Low

On Friday, the shares of Sarveshwar Foods (SFL) were trading at Rs 7.21 apiece during the afternoon deals. After surging 20% in the last 5 trading sessions the company has announced extending its food-prints in Punjab and Delhi NCR region by opening its signature NIMBARK Organic Stores.

Sarveshwar Foods is happy to announce that, as part of its pre-defined business strategy to broaden its reach through its signature stores, retail counters, and online marketplaces beyond the territories, it has opened its signature NIMBARK Organic Stores in Punjab and the Delhi NCR region.

The number of the company's unique retail outlets will reach 15 (fifteen) with the inclusion of these 2 additional regions, whose stores will be completely operational by the end of the current quarter. At these locations, customers can explore and buy genuine, high-quality Organic Delights from the Himalayan region.

The company's Signature Stores, known as "NIMBARK Organic Stores," are run by its material subsidiary M/s Himalayan Bio Organic Foods Limited and serve as a single location for its whole line of organic food offerings. This makes shopping at the stores easier, more logical, and more user-friendly for both current and potential customers.
With a multifaceted approach, Sarveshwar Foods Limited offers a variety of store formats for its products, meeting the demands of customers in key consumption centers for both daily and sporadic needs as well as scheduled shopping needs.

"The Company, besides its these 'NIMBARK Organic Stores' a chain of its Signature Stores, sells its products through more than 1200 Retail Counters in Jammu, Srinagar, Ludhiana, Chandigarh, Lucknow, Khanpur, Punjab, Delhi NCR along with Online PAN India presence via Company website and other market places such as Amazon, Flipkart, Bigbasket, Jio Mart, ONDC," said Sarveshwar Foods in a regulatory filing.

The company produces a full range of "ORGANIC" products under the brand name "NIMBARK," which is intended to promote the concept of a "SATVIK" conscious lifestyle without the use of artificial fertilizers or chemicals. In the upcoming quarters, Sarveshwar Foods Limited and its wholly-owned subsidiary Himalayan Bio Organic Foods Limited plan to double the number of their Nimbark Signature Stores, Retail Counters, and Presence on all other Marketplaces. The company's goal is to enable every Indian household to have access to its high-quality organic products at affordable prices.

SFL is the first private sector NSE and BSE listed food company in Jammu & Kashmir with NSE Symbol: SARVESHWAR and BSE Scrip Code: 543688.

The scrip reached 52-week-high of Rs 7.51 (11/01/2024) and a 52-week-low of Rs 2.07 (28/03/2023), which implies that at the current market price of Rs 7.23 the scrip is trading at a premium of 249% from its 1 year low.