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
Man Utd have six guaranteed starters against Man City as Ruben Amorim ponders changes
'Silent killer' could be lurking in your home when you move house
Breakthrough AI Model Predicts And Prevents VR App Defects Before They Happen
Annamalai slams DMK for using Trichy school to host welfare camp
A Test Of Neutrality For The New Vice President
