Mr. Shaji Baby John, Chairman and Managing Director, Kings
Infra
Kochi, 1st October 2024 : Mr. Shaji Baby John, Chairman and
Managing Director, Kings Infra addressing the Press on the conclusion of the
successful conduct of the 36th AGM of the Company spoke on the key
initiatives and developments, outlining the
Company's strategic direction and future roadmap for sustainable growth.
Mr Shaji will represent Kings Infra at the
Conxemar 2024 Seafood Fair at Vigo , Spain from 1st to 3rd
October. He will also visit major clients in Spain and Italy from 4th
to 9th October. This
important visit covering the markets in Spain and Italy is a strategic move to
expand the footprint of Kings Infra in the high value markets in Europe.
Kings Infra had also participated in Seafood Expo 2024 at Barcelona in
April, and contacts were established with several leading importers and distributors
from Spain, Italy, France, Portugal and other European countries.
Mr.Shaji said that very important meetings have been lined up during the
Conxemar2024 Seafood Fair at Vigo Spain to meet with existing clients as well as
new potential buyers of value added
shrimp products including certified antibiotic free Head-on shrimps.
The appointment of Mr. Jesus Vicente Piero Sos, a seasoned businessman in
the agri products business in Spain as Business Development Advisor,
International Markets based in Valencia, Spain has enabled the Company to
engage directly with large high value clients, Distributors and retail chains in
Spain and Italy and the Company’s order books are full for shipments to the end
of the year to cater to the Christmas and New year sales.
Mr Shaji and Mr Jesus will be meeting the clients to conclude long term
contract for the next year especially for summer sales.
Mr Shaji stated that these initiatives will require more investments into
value added processing and working capital. In order to facilitate the same,
the Company has taken the necessary
steps to monetise part of the land banks and real estate assets held by the Company. This is the best time for the same since the infrastructure sector is also very vibrant and
real estate is booming in North Bangalore, Kochi and Tuticorin where the Company
has its land banks.
Mr Shaji informed that the Company owned 126
acres of land in Tuticorin, which is being developed by its subsidiary, M/s.
Kings Maritech Eco Park Limited. After the development of the Eco Maritech Units (EMU), the balance
land with almost 1.1 km long pristine beach frontage is being offered for joint
development as an Entertainment hub, Marina and Resorts to leading National and
International brands which will give multiple revenue streams, cash accruals
and valuations.
Additionally he informed that the Company is
offering about 12 acres of prime commercial property near to Cochin
International Airport, 10 acres of land
adjacent to Bangalore International Airport in joint development or outright
sale to leading developers as a part of our monetization plan to reinvest the
same for scaling up our core business of sustainable aquaculture.
Mr Shaji extended his gratitude to all stake
holders, especially the media for the whole hearted support to the Company in
its entire journey and requested for continued support in the exciting new
phase of this sustainable growth story. END