Veerhealth Care Ltd receives Export Order

Jaipur: Veerhealth Care Ltd– engaged in the business of ayurvedic, herbal and personal care products has received export order from East Africa worth 1.36 crore. Company has received order from M/s. Vision lmpex Limited, Uganda, East Africa for Fresh Up Red Gel Toothpaste. Company is expected to execute the orders in the next three months.

This order is an expansion of the contract signed in June 2023 to supply the “WHIDENT” toothpaste range to North West African countries, including Morocco and Casablanca. The company aims to increase its presence in the export market and boost export sales, building on its success in supplying toothpaste to East African countries.

Board of Directors of the company at its meeting held on September 25, 2023 has approved allotment of 99,99,238 Bonus Shares in the ratio of 1:1 i.e. 1 (One) Equity Share of Rs. 10 each for every 1 (One) existing Equity Share of Rs. 10 each to the equity shareholders. The board has also approved to increase the authorised share capital of the company to Rs. 31 crore from Rs. 21 crore.

The company offers 100+ Herbal and Ayurvedic products in various categories and is expanding its presence in domestic and export markets, including the USA and South Africa. Key clients include Dava India, Gracious Pharma, Babuline, Graciera Pharma, and Apollo Pharmacy. Their vision is to be a top provider of research-based health and personal care products.

Veerhealthcare Care Ltd has achieved a successful turnaround in FY23, reporting a net profit of Rs. 1.58 crore and sales of Rs. 13.28 crore. In Q1FY24, the company exhibited strong growth, with a 28% increase in total income and a remarkable 294% growth in net profit year-on-year. The company has completed its expansion plans and is gaining momentum in both domestic and export markets with its ‘Ayuveer’ brand. They have innovative product launches in the pipeline, positioning themselves for future growth.

In the month of March 2023, company has successfully completed preferential allotment of 30.65 lakh equity shares of Rs. 10 each at Rs. 19.25 per share including premium of Rs. 9.25 per share amounting Rs. 5.90 crore. The funds are being utilised for the expansion of company’s manufacturing facilities, new product launches and install new manufacturing lines.

The Company produces Intensive research-based quality products with expert guidance and enormous experience of renowned Vaid of Mumbai, Dr. Vinod C. Mehta, an Ayurvedic practioner since 30 years and Dr. Rajiv Bhirud, an expert in formulations of cosmetic and personal care products. The company is well-equipped with state-of-the-art manufacturing facilities and skilled personnel to ensure optimum utilization of resources with the best quality product.

The company produces research-based quality products with guidance from experienced Ayurvedic practitioner Dr. Vinod C. Mehta and cosmetics expert Dr. Rajiv Bhirud. They operate state-of-the-art manufacturing facilities with skilled personnel to ensure top-quality products and resource optimization.