Franklin Industries Ltd, a Gujarat-based agriculture commodity trading company, has announced a strategic move to diversify its business operations into contract farming, as part of its ongoing efforts to improve performance and drive sustained growth. The company anticipates strategic expansion to enhance its market position and provide value to shareholders by introducing new growth and profitability opportunities.
The company’s board meeting on 27 November recommended dividing one equity share of face value of Rs. 10 into 10 equity shares of Rs. 1, keeping the paid-up capital intact. The decision was made to hold the Extra Ordinary General Meeting on 28 December 2023, subject to the approval of the members. Contract farming presents a promising avenue for expansion and innovation within the company’s business framework, aiming to optimize agricultural practices, utilize technological advancements, and establish beneficial partnerships with local farmers.
Franklin Industries Ltd. is committed to transparency and stakeholder engagement in its contract farming journey, valuing its core values of integrity, innovation, and shareholder value creation. The company values the support and trust of its shareholders, ensuring their continued support and trust.
