Penny stock under Rs 10: This animal feed company signs MoU with Unati Agri Allied & Marketing Multi-State Cooperative Society Ltd (UAMMCL)

The stock is up by 92 per cent from its 52-week low of Rs 3.38 per share.

Ajooni Biotech Limited is a PURE VEG. animal health care solutions company is pleased to announce the signing of a Memorandum of Understanding (MOU) with Unati AgriAllied & Marketing Multi State Cooperative Society Limited (UAMMCL). This partnership aims to enhance PURE VEG. Cattle feed business through forward and backward integration, encompassing raw material supply, warehousing, storage, consumer connectivity & research and development within the operational area.

As part of its strategic growth plan, Ajooni will adopt modern irrigation techniques for cultivating Moringa plants. In collaboration with UAMMCL, the company will initiate the Moringa plantation process from the ground up, progressing to the processing of Moringa leaves and seeds to manufacture final products, focusing on both PURE VEG. animal and human nutrition as well as renewable energy solutions.

Unati Agri-Allied & Marketing Multi-State Cooperative Society Limited (UAMMCL) is a prominent organization focused on the development of sustainable agricultural supply chains and the integration of stakeholders in Northern India. UAMMCL is actively involved in developing sustainable agri-supply chains, integrating various stakeholders across 5 states in Northern India. This collaboration is set to bolster the agricultural sector by creating robust, sustainable supply chains and promoting innovative agricultural practices.

UAMMCL is supported by the Department of Biotechnology (Government of India) & Punjab State Council for Science & Technology. The company is expecting a substantial increase in turnover & additional excellent margin from this MOU.

Moringa (also known as Drumsticks) is regarded as a miraculous tree due to the utilization of every part of it: -

• Renewable energy: Moringa oil is made from crushing moringa seed and moringa oil has characteristics of aviation oil.
• Biodiesel from moringa oil. It is successfully used in different parts of the world as a raw material for manufacturing biodiesel.
• Bark of Moringa is used to make charcoal and it is further processed and can be used in electric vehicles (EV) as lithium.
• Moringa leaves are used in nutraceutical industries as raw material.
• Moringa leaves are anti-inflammatory in nature due to the presence of isothiocyanates.
• Moringa leaves stabilize blood sugar.
• Moringa leaves are rich in amino acid and 18 types of amino acids are found in Moringa.
• Moringa branches are shredded into small pieces and are used as fodder.
• Moringa oil cake is a rich source of oil and protein and can be replaced by mustard cake and cotton cake & this further reduces the cost of animal feed.
• Moringa used in PURE VEG. Cattle feed improves the nutritional value of feed & improves the overall health of cattle and increases milk by 10 to 15 per cent of cattle.

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Ajooni Biotech Limited, a leading innovator in pure vegetarian animal healthcare solutions, prioritizes quality, safety, and production advancements to deliver exceptional service and a comprehensive feed range for both pure vegetarian animal feed and supplements. By partnering with Ajooni, you gain an experienced and knowledgeable ally with a deep understanding of the livestock market. Their focus is on optimizing productivity, meeting animals' complete nutritional needs through a pure vegetarian diet and achieving optimal dietary balance.

Ajooni's team of experts leverages their knowledge and experience to design custom diet programs and recommendations for sustained livestock growth, giving them a competitive edge for future product offerings. As the first pure vegetarian cattle feed and supplement producer in the organized listed space, Ajooni Biotech is a leader in the industry. The company has a market cap of 84.3 crore. The stock’s 52-week high is Rs 6.90 and its 52-week low is Rs 3.38. The stock is up by 92 per cent from its 52-week low of Rs 3.38 per share.

Disclaimer: The article is for informational purposes only and not investment advice.