KN Agri Resources Ltd

KN Agri Resources Ltd

The Company was initially incorporated as Itarsi Oils & Flour Private Limited on 13th January 1987 under the provisions of Companies' Act 1956 with the Registrar of Companies Madhya Pradesh Gwalior. Subsequently the Company was converted into a Public Limited Company and the name was changed from Itarsi Oils & Flour Private Limited to Itarsi Oils & Flour Limited vide a fresh Certificate of Incorporation dated 01 July 1990 issued by RoC Madhya Pradesh Gwalior. Pursuant to a Special Resolution passed by their shareholders in Extra ordinary General Meeting held on July 19 2014 Company was converted into a Private Limited Company and consequently its name was changed from Itarsi Oils & Flour Limited to Itarsi Oils & Flour Private Limited vide fresh Certificate of Incorporation dated 06 August 2014 issued by RoC Chhattisgarh. Further pursuant to Special Resolution passed by the Shareholders in Extra ordinary General Meeting held on October 04 2021 name of the Company was changed from Itarsi Oils & Flour Private Limited to KN Agri Resources Private Limited and a fresh Certificate of Incorporation was issued by RoC Chhattisgarh vide letter dated October 26 2021. Subsequently pursuant to Special Resolution passed by the Shareholders in Extra Ordinary General Meeting held on November 07 2021 the Company got converted into a Public Limited Company and consequently the name of the Company was changed from KN Agri Resources Private Limited to KN Agri Resources Limited vide a fresh Certificate of Incorporation dated November 22 2021 issued by the Registrar of Companies Chhattisgarh.Mr. Vijay Shrishrimal Mr. Sanjay Shrishrimal Mr. Dhirendra Shrishrimal Anant Trafina Private Limited K.N. Resources Private Limited and Anant Counter Trade Private Limited are the Present Promoters of the Company. The Promoters Mr. Vijay Shrishrimal Mr. Sanjay Shrishrimal and Mr. Dhirendra Shrishrimal have been actively involved in the business since incorporation having experience in soya bean and agri-commodities industry. KN Agri Resources Limited is an agro-based Company primarily involved in the business of solvent extraction & oil refining and trading various agro-commodities. The wide range of processed and manufactured products includes soya de-oiled cake (soya meal) Hipro Soya Meal soya refined oil soya crude oil degummed oil soya lecithin acid oil soya husk cotton seed oil refined rapeseed oil and rapeseed de-oiled cake. Under the agro-commodities business company trade in various agro commodities such as maizegram pulses sugar soyabean wheat etc. The Company has three strategically located plants in the State of Madhya Pradesh comprising of three solvent extraction plants two oil refineries and one flour mill. The location of plants gives clients competitive edge over other players in terms of procurement and availability of major raw material like soyabean seeds. It has a cumulative solvent extraction capacity of 375000 TPA edible oil refining capacity of 60000 TPA and flour milling capacity of 24000 TPA. The two manufacturing units of the Company namely Khandwa Oils - Unit I and Unit II situated in Khandwa M.P. are spread in the wide area of around 20 acres while another unit located in Kheda Itarsi M.P. is spread around an area of 10 acres. All units have a well-equipped laboratory modern technology and testing equipments with supporting environment and facilities to ensure that the products conforms with predetermined food standards. Apart from these the Company has four wind energy power plants of combined capacity of 4.60 MW in the state of Madhya Pradesh Maharashtra and Rajasthan to reduce carbon emissions. The Company has entered into agreements with respective state government entities for exclusive sale of power which is generated from three wind turbine generators located in the district of Sangli and Nandurbar in Maharashtra and Jaisalmer in Rajasthan. The power generated from wind mill situated in Dewas Madhya Pradesh is taken in use for captive purpose. The Company has outsourced all operations and maintenance activities relating to wind turbines to third parties.Presently the Company market products to around 15 states in India of which majority portion of revenue comes from the State of Madhya Pradesh Gujarat West Bengal and Maharashtra. Some of esteemed customers includes names such as Adani Wilmar Limited Cargill India Bunge India and Ruchi Soya. The major customers include agri-commodities dealers trade houses export houses and FMCG Companies. It export products to countries such as Netherlands Singapore Bangladesh and Nepal. Apart from this the Company market refined oil primarily under registered brands like Classic and Khan-Pan.The Company received Second Highest Processor Award for F.Y. 2017-18 from SOPA. It received ISO 9001:2015 and ISO 22000:2018 certificate in respect of Khandwa Oils Unit I certifying that Quality Management System and Food & Safety Management System are in accordance with requirements of ISO 9001:2008 and ISO 22000:2018 respectively with regards to manufacture supply and export of soyabean products. Similarly the Company possess ISO 22000:2018 certificate for the unit situated in Kheda Itarsi and Halal India Certificate for Kheda unit and Khandwa Oils Unit I certifying that certain soya products are in accordance with Shariah (Islamic) Board Guidelines. These certifications provide assistance to domestic and overseas customers for the quality and durability of its products as well.In 1988 the Company commenced 1st Manufacturing Unit at Itarsi Madhya Pradesh.In 1993-94 the Company commenced 2nd Manufacturing Unit at Khandwa Madhya Pradesh.In 2004 the Company executed commissioning of I Wind Power Project of 1.25 MW at Nagda Hill Dewas in Madhya Pradesh.In 2006 the Company executed commissioning of II Wind Power Project of 600Kv at Sangli Maharashtra and III Wind Power Project of 1.25 MW at Nandurbar in Maharashtra.In 2007-08 the Company commenced 3rd Manufacturing Unit at Khandwa Madhya Pradesh.In 2009-10 the Company crossed revenue of nearly Rs. 500 crores.In 2011 the Company executed commissioning of IV Wind Power Project of 1.5 MW at Jaisalmer in Rajasthan.In 2012 the Company acquired 45% stake in Raipur Mega Food Park Private Limited through allotment of equity shares pursuant to which it became the Associate Company.In 2018-19 the Company crossed revenue of nearly Rs. 1000 crores.