Support and Resistance Levels
Past performance
About Ashiana Agro Industries Ltd Ashiana Agro Industries Ltd, established in 1990, transitioned from manufacturing edible vegetable oil to focusing on the trading of packaging materials for various industries. The company ceased manufacturing activities in 2006-07 and pivoted to its current business model, resuming commercial operations in 2018-19 under new management. This shift was facilitated by M/s Serengeti Holdings Pvt. Ltd., which holds a significant 25.56% stake in the company, suggesting strategic alignment with the new business direction. The management, experienced in packaging materials, has steered the company towards this sector, and the necessary amendments have been made to the company’s Memorandum of Association to support this new business focus. This strategic pivot indicates a redefined operational focus and potential growth in the packaging industry.