Board Approval Details
The Board of Directors of Farm Peace Limited approved the proposal for expansion of the Company's existing agricultural and contract-farming activities at its meeting held on 17/09/2026.
Expansion Details
The company will expand into cultivation, contract farming, and associated activities relating to various vegetables and grains, in addition to its existing activities relating to potato farming.
Specific Crops to be Added
Vegetables:
- Cucumber
- Cauliflower
- Bottle Gourd
- Brinjal Bharta variety
- Brinjal Purple Long variety
- Small Brinjal Nagpur variety
- White Radish
Grains:
- Rice
- Maize
- Wheat
Industry Classification
The proposed new line of business belongs to the Agriculture / Agri-business / Contract Farming sector.
Expected Benefits and Rationale
The expansion will enable the company to:
- Leverage existing experience, farmer network, and agricultural capabilities
- Utilize existing procurement infrastructure and contract-farming ecosystem
- Broaden the agricultural product portfolio
- Expand existing farmer and contract-farming network
- Utilize existing agricultural procurement and supply-chain capabilities
- Participate in cultivation and supply of wider range of vegetables and grains
- Diversify revenue streams
- Provide additional opportunities for business growth and expansion
- Cater to demand for broader range of agricultural commodities
- Optimize utilization of existing capabilities and resources
Investment Details
The estimated investment for the proposed new line of business is approximately ₹5 Crore (Rupees Five Crore Only).
The investment is subject to:
- Scale of operations
- Crop selection
- Acreage
- Procurement requirements
- Working capital requirements
- Infrastructure requirements
- Prevailing market conditions
The actual investment may vary depending upon the Company's business requirements and the phased implementation of the proposed activities.
Document Location
Ahmedabad