March 28, 2017 1:59 PM ET

Food Products

Company Overview of Agro Tech Foods Limited

Company Overview

Agro Tech Foods Limited manufactures and markets food and food ingredients to consumers and institutional customers primarily in India. It offers refined oil under the Sundrop brand; instant popcorn, microwave popcorn, and ready to eat popcorn under the ACT II brand; bread spreads under the Sundrop Peanut Butter brand; and sunflower oil under the Crystal brand. The company was incorporated in 1986 and is based in Gurgaon, India. Agro Tech Foods Limited is a subsidiary of CAG-Tech (Mauritius) Limited.

Tower C

15th Floor

Building No.10

DLF Phase-II, DLF Cyber City

Gurgaon,  122002

India

Founded in 1986

Phone:

91 12 4459 3700

Fax:

91 12 4459 3799

Key Executives for Agro Tech Foods Limited

Chief Executive Officer, President, Managing Director and Director
Age: 56
Total Annual Compensation: 23.8M
Chief Financial Officer and Head of Finance
Total Annual Compensation: 4.5M
Senior Vice President of Human Resources
Age: 56
Vice President of Research, Quality & Innovation
Age: 50
Vice President of Supply Chain
Age: 52
Compensation as of Fiscal Year 2016.

Agro Tech Foods Limited Key Developments

Agro Tech Foods Limited Announces Resignation of Phani K Mangipudi as Company Secretary and Compliance Officer

Agro Tech Foods Limited has announced that Mr. Phani K Mangipudi, the Company Secretary and Compliance Officer of the company, has tendered his resignation and his letter of resignation has been noted and taken on record by the Board at their Meeting held on January 18, 2017.

Agro Tech Foods Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016

Agro Tech Foods Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, net sales/income from operation was INR 2,075.7 million against INR 2,022.0 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 133.3 million against INR 115.2 million a year ago. Profit from ordinary activities before tax was INR 124.7 million against INR 95.0 million a year ago. Net profit was INR 82.7 million or INR 3.39 per basic and diluted share against INR 64.2 million or INR 2.63 per basic and diluted share a year ago. For the nine months, net sales/income from operation was INR 5,988.0 million against INR 5,827.2 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 346.2 million against INR 279.3 million a year ago. Profit from ordinary activities before tax was INR 347.9 million against INR 244.3 million a year ago. Net profit was INR 216.6 million or INR 8.89 per basic and diluted share against INR 161.4 million or INR 6.62 per basic and diluted share a year ago.

Agro Tech Foods Limited Announces Directorate Changes

Agro Tech Foods Ltd. has informed that the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, have approved the appointment of Ms. Jill Rahman as a Director and Chairperson in the casual vacancy caused by the resignation of Ms. Anna Biehn. Date of appointment is January 18, 2017.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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