The company added that it may carry out additional share purchases outside the programme if deemed appropriate, including block trades, under its existing shareholder authority.
The company has not indicated whether the transition will affect feed pricing or availability in specific markets.
The assessment was conducted by PwC India in line with ISO 14040 and ISO 14044 standards.
Sea Forest agreement adds to its expanding commercial footprint, with contracts now covering more than 123,000 head of livestock across Australia.
The ingredient is non-GMO, vegan, and designed to offer full traceability and contaminant-free production.
The new facility will produce feed for poultry, pigs, and aquaculture, with a particular focus on tilapia and carp.
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Meat and bone meal is a high-protein feed ingredient commonly used in ruminant and non-ruminant diets