Shares of Nirman Agri Genetics Limited hit the 5% upper circuit on 5 September after the company announced signing a land agreement for 127 acres for producing seeds. 

In its regulatory filing, the company said that they have executed a land agreement for 127 acres to enhance production activities that will help them maximise production of quality seeds. 

Earlier, the company secured a work order for supplying various varieties of agricultural seeds from Hsin Seeds Thailand, worth Rs 7.53 crore. This work order will help the company expand its reach across borders. 

Nirman Agri has also secured a licence from the Department of Agriculture, Government of Rajasthan for a period of 2 years. The licence is to sell, export, import, and store agricultural seeds like cucumber seeds, for various purposes in the State of Rajasthan. 

The company is in the business of producing, processing, and marketing of high-quality hybrid seeds, micronutrients, pesticides, and bio-organics for different varieties of crops. 

At 3:30 pm, the shares of Nirman Agri Genetics closed 5% higher at Rs 428.05 on NSE.

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