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Amira Nature Foods Ltd Rejects False and Malicious Claims Made by Short Sellers and Remains Confident in Its Business

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Aug. 21, 2015-- Amira Nature Foods Ltd (the “Company”; NYSE: ANFI), a leading global provider of packaged Indian specialty rice, announced today that it categorically rejects the false and misleading claims made by Prescience Point Research Group. The Company believes that the false information disseminated against it has damaged the Company and its shareholders and Amira looks forward to correcting the false statements, restoring shareholder confidence, and protecting those shareholders through every means available to the Company.

The Company remains confident in the veracity of its fiscal 2015 results which it released on July 16, 2015, as well as its fiscal 2014 and fiscal 2013 audited financials. The Company is also, as it announced earlier in the week, committed to working with its new audit partners, ASA & Associates, a leading independent PCAOB certified audit firm with more than 500 employees across eight cities in India, to produce its 2015 audited financials.

“Our Executive Management team and our Independent Board of Directors remain committed to the Company and are confident in our ability to guide the Company through these times,” said Chairman and CEO Karan A. Chanana.

About Amira Nature Foods Ltd

Founded in 1915, Amira has evolved into a leading global provider of branded packaged Indian specialty rice and other products, with sales in over 60 countries today. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI”.

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Safe Harbor for Forward-Looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “except,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, but are not limited to: our goals and strategies; our expansion plans; and our future business development. We would like to caution you not to place undue reliance on forward-looking statements and you should read these statements in conjunction with the risk factors disclosed in “Risk Factors” appearing in our Annual Report on Form 20-F as well as our other public filings with the Securities and Exchange Commission. Those risks are not exhaustive and reflect our expectations as of the date of this press release. We operate in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

Source: Amira Nature Foods Ltd

Amira Nature Foods Ltd
Bruce Wacha, 201-960-0745
Chief Financial Officer

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