Tanvi Foods India Ltd renews Food Facility registration with USFDA

Tanvi Foods India Ltd has successfully renewed its' food facility registration with U.S. Food & Drug Administration (USFDA) under the Federal Food, Drug and Cosmetic Act for manufacturing its ready to cook, frozen snacks and other food items from its new state of art manufacturing plant at Seetharampuram, Andhra Pradesh. The approval was previously valid till 31.12.2024 and has been renewed for a further period of 2 years upto 31.12.2026.

This approval confirms that the company's facility and its products continues to meet the necessary regulatory standards and remains compliant with the rigorous safety and quality standards set by the USFDA. This is a major milestone for the Company which shall enable continued growth and will help in positioning the Company as a trusted brand in the food industry not only in India but across the globe.

We reiterate that up until now, the products of the Company were exported and sold majorly in Australia, Canada and the United States under a private label arrangement with major foreign players, however, this approval shall enable the Company to export products under its own brand name with better margins, facilitate exporting its products in many other countries including the United Kingdom, Middle East and African countries and will also enhance the credibility of the products in the domestic and international markets.

Shares of Tanvi Foods (India) Ltd was last trading in BSE at Rs. 159.00 as compared to the previous close of Rs. 152.00. The total number of shares traded during the day was 7000 in over 7 trades.

The stock hit an intraday high of Rs. 159.00 and intraday low of 144.50. The net turnover during the day was Rs. 1083800.00.

Source : Equity Bulls

Keywords

TanviFoodsIndia INE978V01015 FoodFacilityRegistration Renewal USFDA ManufacturingPlant Seetharampuram