Sarveshwar Foods Locked In 5% Upper Circuit After Opening Its First Organic Store In Chandigarh

Sarveshwar Foods is a small-cap company in the FMCG sector committed to providing Basmati rice. Following Sarveshwar Foods' opening of its first NIMBARK Organic Store in Chandigarh-an additional Signature Store where customers may view, taste, and purchase premium organic delights from the Himalayas-stock prices saw a spike. As part of its planned business plan to broaden its footprint through signature stores, retail counters, and online marketplaces outside of the territories, the organic store opened in Kharar, Chandigarh.

"NIMBARK Organic Stores are the company's signature stores. They were established and are run by its material subsidiary, M/s Himalayan Bio Organic Foods Limited, and they serve as a single point of distribution for the company's whole line of organic food products, making shopping easier, more rational, and more user-friendly for both current and potential customers.

Sarveshwar Foods Limited has implemented a multifaceted approach, offering its products through a diverse range of retail formats that address both consumers' daily and occasional needs throughout key consumption centres and their scheduled shopping needs. In addition to its "NIMBARK Organic Stores," a chain of its signature stores, the company sells its products online via its official site and other marketplaces like Amazon, Flipkart, Big Basket, Jio Mart, and ONDC, as well as through more than 700 retail counters in Jammu, Srinagar, Ludhiana, Chandigarh, Lucknow, Khanpur, Punjab, and Delhi NCR.

"With an ambition to help every Indian household get access Company's quality organic products at reasonable price points, Sarveshwar Foods Limited, and its wholly owned subsidiary Himalayan Bio Organic Foods Limited has devised, and executing a detailed plan to double the number of their Nimbark Signature Stores, Retail Counters and Presence on all other Marketplaces in coming few quarters," said Sarveshwar Foods in a stock exchange filing.

Sarveshwar Foods Limited (SFL) is an ISO 22000:2018 and USFDA (United States Food and Drug Administration) certified company. Along with NOP - USDA Organic certifications, SFL's products also have certifications from NPPO USA & CHINA, Kosher, BRC (biggest global standard for food safety), and Kosher. The company's operations include the production, distribution, processing, and marketing of both branded and non-branded basmati and non-basmati rice in both domestic and foreign markets.

On Tuesday, the shares of Sarveshwar Foods opened at a 5% upper circuit at Rs 4.60 apiece. The stock made a 52-week-high of Rs 5.60 on (28-Sep-2023) and a 52-week-low of Rs 2.08 on (28-Mar-2023).