Satchmo Holdings Commissions Food Factory for Packaged Food Production

Satchmo Holdings Ltd has successfully commissioned its manufacturing facility (Food Factory) for production of packaged food items, including idli & dosa batter, ready-to-make-chapati, sweets and other snacks items. The subsidiary has commenced operations and started production for sampling and testing purposes. The first set of packaged food products is expected to be launched in the market during this quarter. The Company has made a substantial capital expenditure (CAPEX) investment in the subsidiary towards establishing the initial production capacity of the aforesaid food manufacturing facility.