The shares of Sarveshwar Food surged over 9% after the company announced its strategic partnerships with certain Non-Banking Financial Companies (NBFCs) to enhance financial support for farmers and drive improvements within the agricultural sector.
Sarveshwar Foods is a USFDA-certified company engaged in manufacturing, trading, processing, and marketing branded and un-branded basmati and non-basmati rice in the domestic and international markets.
Under the proposed arrangement, Sarveshwar Food will facilitate the connection between NBFCs and farmers. The financing arrangements will be conducted directly between the NBFCs and the farmers, without recourse to the company. “Enhanced financial support with these partnerships will offer farmers improved access to funding, including working capital and investments for agricultural infrastructure. Financial resources will be directed towards enhancing infrastructure, such as irrigation systems and storage facilities, to boost productivity and reduce post-harvest losses.”; Sarveshwar Food said in a BSE filing. It further added; “The initiative aims to drive sustainable agricultural practices and ensure long-term stability and growth within the sector.”
