- Business
- Mukta Agriculture Limited (BSE: MUKTA.BO) engages in the trading of agricultural goods, natural resources, and agro-allied products in India; conducts contract farming and commercial agricultural activities, including crop cultivation, plantations, and trading in grains, cereals, pulses, spices, rubber, latex, paper, coffee, tea, cinchona, minerals, clove, cardamom, cassia, saffron, cumin seeds, pepper, ginger, cashew, banana, coconut, sugarcane, jute, bamboo, dry and green fruits, seeds, roots, plants, creepers, flowers, and vegetables; acquires, develops, and manages lands for agricultural, horticultural, sericultural, botanical, garden, and plantation purposes; and operates retail outlets and franchise agreements for lease farming and product distribution. The company, formerly Pearl Agriculture Limited, was incorporated on August 29, 2011, as a demerger of the agriculture division from Nouveau Global Ventures Limited pursuant to a Bombay High Court order on October 9, 2012, listed on the BSE in 2013, and changed its name to Mukta Agriculture Limited in 2016; it is headquartered at 401/A, Pearl Arcade, Dawood Baug Lane, Off J.P. Road, Andheri West, Mumbai, India, with operations focused on the domestic market and recent exports of soya lecithin powder feed. Recent developments include the board's intention announced on November 8, 2024, to submit an expression of interest and participate in the bidding process for the resolution of S V Distributors Private Limited under corporate insolvency resolution proceedings; appointment of Himanshu Agarwal as additional independent director on September 2, 2024, for five years subject to shareholder approval; initiation of organic farming and cultivation activities amid rising demand for organic agricultural and dairy products; and a joint venture with Trinity Agroimpex Pvt Ltd for agricultural initiatives.