APEX

** Shares of shrimp exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS Costal Corporation COAS.NS rise 5.2, 6.7% and 7.3% respectively

** U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs on Wednesday

** The three stocks had declined 6.9%, 14.8%, 13.9% up to Wednesday since Trump announced tariffs on April 2

** U.S. bought Indian seafood worth $2.55 billion in FY24, which mostly comprised of shrimp

** An unnamed government official told Reuters Thursday the tariff pause is especially a relief for shrimp exporters, citing an industry that faced a tariff disadvantage compared to competitors like Ecuador

(Reporting by Nandan Mandayam in Bengaluru)

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April 9 (Reuters) - Indian shrimp exporter Coastal Corporation COAS.NS said on Wednesday most of its U.S. buyers were willing to absorb the higher costs stemming from the new tariffs, but added it was also exploring increasing exports to China, Russia and Canada.

U.S President Donald Trump a 26% reciprocal tariff on India last week as part of sweeping duties imposed on countries across the world, stoking worries about the impact to trade and economic growth and sending stock markets into a tailspin.

"Our ongoing discussions with U.S. buyers suggest that the majority are willing to absorb the increased cost, ensuring continued demand and minimising potential disruption in the near term," Coastal Corp said in a statement.

The company, which also exports to regions such as Europe, Japan and South Korea, is now looking to expand its export base to China, Russia and Canada as well to reduce its reliance on a single geography.

The U.S. was the company's biggest buyer of shrimp in fiscal 2024, according to Costal Corp's latest annual report.

The world's largest economy also accounts for two-thirds of India's $7.4 billion worth of seafood shipments in fiscal 2024, data from the Marine Products Export Development Authority showed.

Coastal Corp's shares have dropped about 14% since Trump announced tariffs of 26% on India last Wednesday. Peers Apex Frozen Foods APEX.NS and Avanti Feeds AVNT.NS have declined 6.5% and 13.4%, respectively.

Coastal Corp, which has a market capitalisation of $27 million, clocked around $50 million in revenue last year, up about 23% from a year earlier.

($1 = 86.5060 Indian rupees)

(Reporting by Shivani Tanna in Bengaluru; Editing by Janane Venkatraman)

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** Shares of Indian shrimp exporters with large U.S. exposure, Avanti Feeds AVNT.NS and Apex Frozen Foods APEX.NS, drop 10% and 4%, respectively

** United States imposes 26% reciprocal tariffs on Indian exports to the country

** North America accounted for 69% of AVNT's shrimp exports for the quarter ended December 31. U.S. accounted for 52% of APEX's sales

** AVNT set for its worst day in five years

** AVNT is up 16.5% so far in 2025, while APEX is down 23%

(Reporitng by Nishit Navin)

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** Shares of India's Apex Frozen APEX.NS, Zeal Aqua ZEAQ.BO, Coastal Corporation COAS.NS and Kings Infra Ventures KIVL.BO up between 4.4% and 9.3%

** India will introduce framework for sustainable harness of fisheries in the exclusive economic zone, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

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** Avanti Feeds AVNT.NS, Coastal Corp COAS.NS and Apex Frozen APEX.NS gain between 2.7%-4%

** Financial support to set up nucleus breeding centres for financing and export will be facilitated, Finance Minister Nirmala Sitharaman says in 2024/25 union budget

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Apex Frozen Foods APEX.NS fall as much as 16.31%, highest intraday pct slide since August 2021, to 218.10 rupees

** Co, which produces and exports food products, posts 62% fall in Dec-quarter net profit to 29.74 million rupees; revenue down 36%

** Revenue hurt by dip in volumes due to subdued U.S. demand and lower realisations on tapering global shrimp prices, says APEX

** Adds, higher freight costs and weak sales hurt profitability

** Stock down 0.6% in 2024 so far - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's fisheries stocks up between 5% and 8%

** Avanti Feeds AVNT.NS leads gains with 7.5% rise; BKV Industries BKVI.BO hits upper circuit of 5%

** India Finance Minister Nirmala Sitharaman in budget speech says government targets doublng seafood exports to 1 trillion rupees ($12.05 bln)

** Apex Frozen Foods APEX.NS rises 6%; Coastal Corporation COAS.NS shares up 8%

** BKVI rose 25% in Jan, highest among fisheries stocks; APEX rose least, gaining 13%

($1 = 82.9900 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 14 (Reuters) - Apex Frozen Foods Ltd APEX.NS:

• INDIA'S APEX FROZEN FOODS JUNE-QUARTER NET PROFIT 36.5 MILLION RUPEES VERSUS PROFIT 185.5 MILLION RUPEES

• APEX FROZEN FOODS JUNE-QUARTER REVENUE FROM OPERATIONS 2.54 BILLION RUPEES VERSUS 3.19 BILLION RUPEES

Source text for Eikon: ID:nNSE5YRMj6

Further company coverage: APEX.NS

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