Spright Agro Ltd on Tuesday said its board will meet on September 18 to consider a proposal for a strategic foray into agri-tech related businesses such as digital market infrastructure and unmanned aerial systems.
The board will also consider a proposal for a 10:1 bonus issue - issue of bonus equity shares for every one equity share held by shareholders, an exchange filing by the Ahmedabad-based company stated.
It will also consider a 100 per cent dividend on the equity share capital of the company for the current financial year, the filing said.
"In order to complement and strengthen existing agriculture value-chain operations, the company is evaluating a strategic entry into AgriTech-related businesses.
"It may contemplate in-house builds, strategic alliances, technology licensing and subsidiary or SPV formation," the filing said.
The Board will review a proposal to initiate feasibility studies, pilots and partnerships across multiple technologies of agritech, including precision agriculture & farm automation, unmanned aerial systems (drones) and digital market infrastructure, the company, which is engaged in contract farming and greenhouse technology, it added.
The board will also consider a proposal for a 10:1 bonus issue - issue of bonus equity shares for every one equity share held by shareholders, an exchange filing by the Ahmedabad-based company stated.
It will also consider a 100 per cent dividend on the equity share capital of the company for the current financial year, the filing said.
"In order to complement and strengthen existing agriculture value-chain operations, the company is evaluating a strategic entry into AgriTech-related businesses.
"It may contemplate in-house builds, strategic alliances, technology licensing and subsidiary or SPV formation," the filing said.
The Board will review a proposal to initiate feasibility studies, pilots and partnerships across multiple technologies of agritech, including precision agriculture & farm automation, unmanned aerial systems (drones) and digital market infrastructure, the company, which is engaged in contract farming and greenhouse technology, it added.
You may also like
'Message to entire Middle East': Israel official issues warning after Doha strike; shares video
Met Office issue verdict on Storm Amy and snow battering UK this weekend
MP CM to engage in dialogue with investors in Kolkata today
Nato military shoots down Putin's suicide drones in first military clash since Ukraine invasion
25-year-old is 'grateful' for quitting his job. Drops 18 kg weight in 6 months, beats back pain. 'Getting my health back'
