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Incorporated in 1996, it is an FMCG product distribution company engaged in the distribution of branded packaged foods, Personal care products, Education and stationery products, Matches and Agarbatti, and tobacco products to large FMCG companies.
SHANTHALA faces NSE fines of Rs. 265,500 for delayed submission of financial results for the half year and financial year. The delay is due to material discrepancies in books, prompting a forensic audit. The Board resolved to pay fines and seek a waiver after compliance.
Shanthala FMCG has withdrawn its distributorship arrangement with ITC Ltd. This means the company will no longer distribute any ITC products, marking a significant operational shift for the business.
Shanthala FMCG confirmed it will not be filing the Annual Secretarial Compliance Report. As an SME-listed entity, the company is exempt from certain corporate governance requirements for the financial year.
SHANTHALA FMCG Products clarified it is unaware of any undisclosed material information driving recent significant share price movement, responding to a query from the exchange.
SHANTHALA FMCG PRODUCTS clarified it has no undisclosed material information causing recent share price fluctuations. The company stated it adheres to all disclosure norms.