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Avanti Feeds share price up on results for the June quarter

 Avanti Feeds has jumped over 8% in share price today, after posting June quarter results showing both revenue and net profit growth that beat estimates, with net profits rising over 12% YoY and revenues up 5.1% YoY. The company saw EBIDT rise 6.1% YoY, while operating profit margins showed a small decline, down 1.4% compared to the same quarter last year. Avanti Feeds management was bullish on growth in its recent earnings call, noting that farmgate prices were improving compared to the previous quarter, with rising prices internationally and at farms encouraging yields and higher investments at the last mile. The full results dashboard.
22-07-2019
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Avanti Feeds Ltd - 512573 - Results - Financial Results 30.06.2019

 In pursuance of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, we would like to inform that the Board of Directors of our Company at its meeting held on 20.07.2019, approved the Un-audited Financial Results for the quarter ended 30.06.2019. We enclose herewith a copy of the Un-audited financial results for the Quarter ended 30.06.2019 along with Limited Review Report received from Auditors. The Board meeting held on 20th July, 2019 commenced at 10.30AM and concluded at 05.15 P.M.
20-07-2019
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Avanti Feeds Ltd - 512573 - Outcome of Board Meeting

 In pursuance of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, we would like to inform that the Board of Directors of our Company at its meeting held on 20.07.2019, approved the Un-audited Financial Results for the quarter ended 30.06.2019. We enclose herewith a copy of the Un-audited financial results for the Quarter ended 30.06.2019 along with Limited Review Report received from Auditors. The Board meeting held on 20th July, 2019 commenced at 10.30AM and concluded at 05.15 P.M.
20-07-2019
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AVANTI FEEDS LTD.-$ - 512573 - Shareholding for the Period Ended June 30, 2019

 Avanti Feeds Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2019. For more details, kindly Click here
19-07-2019
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Avanti Feeds Ltd - 512573 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to Regulation 30 of SEBI (LODR), Regulations, 2015, we enclose herewith a copy of the Notice published in Financial Express (All editions) & Andhra Prabha (Visakhapatnam and Hyderabad editions), on 15.07.2019 in connection with (i) dispatch of the Notice of ensuing Annual General Meeting to be held on 09.08.2019, (ii) Closure of Register of Members from 01.08.2019 to 09.08.2019 and (iii) providing the facility of remote e-voting on the business to be transacted at the AGM to be held on 09.08.2019. We request you to kindly take the same on record.
17-07-2019

Avanti Feeds discusses prices, Thai Union share sale

 Avanti Feeds management made a few observations during the company's earnings call: Executive Director Alluri Nikhilesh said that so far, the outlook for this year compared to the previous one looks promising, with prices improving and farmers producing higher numbers compared to FY19. He also responded to questions about the company's Thai partner Thai Union, and their recent impact on Avanti Feeds share prices. - Farm gate prices fell very low last year. They went to levels which were not encouraging for the farmer to add capacity - From this year starting April according to Avanti Feeds management the farmgate prices have started to go up. The larger counts have increased substantially, at least about 30% to 40%. The medium sizes have also increased by about 18% to 20%. And the very small size which is the lowest, the 100 count have also increased by 5% to 10%.Overall there is a pick up in the farmgate prices, making it comparatively more encouraging for the farmer compared to the previous financial year. - The same case with the selling price for the whole of last year, according to Avanti Feeds, the price decreased by 15%. But, for the last six weeks, the price has increased, especially for the larger sizes by at least 8% to 10% in the international markets. From the farm levels, the increase in the price has been translated to the international selling markets. There is positive movement in the prices both internationally and at the farms right now. Nikhilesh also noted that while demand is increasing, capacity utilization increase for the company - it is operating near capacity - is a step by step process due to the labour intensive nature of the industry, and the need for significant training. - Thai Union's impact on Avanti Feeds share prices: Responding to an analyst complaining about Thai Union selling shares and depressing prices, Avanti Feeds noted that the Thai company would maintain their stake between 20-25%, and that AF cannot control share sales above that range. Thai Union's selling of significant numbers of shares in the open market had driven Avanti Feeds share prices down in March 2019. The management added that they'd had "an extensive discussion with Thai Union, and recently you may have noticed they have not sold anything." Thai Union also reportedly said that they would consider block deals going forward, rather than selling shares in the open market.
13-07-2019
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AVANTI FEEDS LTD.-$ - 512573 - Avanti Feeds Limited -Intimation Of (I) Annual General Meeting (Ii) Book Closure For Dividend And (Iii) Cutoff Date For E-Voting - Reg. Ref: Our Letter No. AFL/BSE & NSE/2019-20 Dated 25. 05.2019.

 We hereby inform you that: 1)The 26th Annual General Meeting of the Company will be held on Friday, the 9th August, 2019 at 11.00 A.M., at Vedika Hall, Hotel Dasapalla, Jagadamba Junction, Visakhapatnam, Andhra Pradesh 530 020. 2)The voting rights shall be reckoned on the paid-up value of the shares registered in the name of the member(s) / beneficial owner(s) (in case of electronic shareholding) as on the cutoff date i.e. 2nd August, 2019. The e-voting commences from 09.00 AM on 05th August, 2019 and will end at 05.00 PM on 8th August, 2019. 3)The Register of Members and Share Transfer Books of the Company will be closed from 01st August, 2019 to 9th August, 2019 (both days inclusive) for determining shareholder's entitlement for dividend on equity shares of Re 1/- each fully paid-up, recommended by the Board of Directors for the financial year 2018-19. This is for your information and records.
13-07-2019
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Avanti Feeds Ltd - 512573 - Avanti Feeds Limited -Intimation Of (I) Annual General Meeting (Ii) Book Closure For Dividend And (Iii) Cutoff Date For E-Voting - Reg. Ref: Our Letter No. AFL/BSE & NSE/2019-20 Dated 25. 05.2019.

 We hereby inform you that: 1)The 26th Annual General Meeting of the Company will be held on Friday, the 9th August, 2019 at 11.00 A.M., at Vedika Hall, Hotel Dasapalla, Jagadamba Junction, Visakhapatnam, Andhra Pradesh 530 020. 2)The voting rights shall be reckoned on the paid-up value of the shares registered in the name of the member(s) / beneficial owner(s) (in case of electronic shareholding) as on the cutoff date i.e. 2nd August, 2019. The e-voting commences from 09.00 AM on 05th August, 2019 and will end at 05.00 PM on 8th August, 2019. 3)The Register of Members and Share Transfer Books of the Company will be closed from 01st August, 2019 to 9th August, 2019 (both days inclusive) for determining shareholder's entitlement for dividend on equity shares of Re 1/- each fully paid-up, recommended by the Board of Directors for the financial year 2018-19. This is for your information and records.
13-07-2019
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Avanti Feeds Ltd - 512573 - Statement Of Investor Complaints For The Quarter Ended June 2019

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 042420 Name of the Signatory :- C RAMACHANDRA RAODesignation :- Company Secretary and Compliance Officer
13-07-2019
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Avanti Feeds Ltd - 512573 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 AVANTI FEEDS LIMITED - Audio Conference Call for Investors conducted on 12th June, 2019 - Transcript of the Audio Conference Call - Reg. Ref:1. Our letter Ref: AFL/BSE & NSE/2018-19 dated: 07.06.2019. Further to our letter cited, we enclose herewith the transcript of the Audio Conference Call for Investors conducted on 12th June, 2019 regarding the Audited Financial Results for the Quarter and Year Ended 31.03.2019. This is for your information and record.
13-07-2019
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