Ultracab (India) Ltd’s Rs.4981 Lakh Rights Issue Opened For Subscription On January 28, 2025
Rajkot (Gujarat) [India], February 01: Rs.4981 lakh Right Issue of Ultracab (India) Ltd (BSE-538706) engaged in the manufacturing and exporter of electric wires and cable opened for subscription from January 28, 2025. Right issue of the company are attractively priced at a Rs.14.5 per share and will close on February 11, 2025. Highlights: The Shares in Right issue priced at Rs. 14.5 per share The Company recorded Net Profit of Rs. 598 lakh for FY24 and Revenue of Rs. 12439 lakh Promoters Mr. Nitesh Vaghasiya and Mr. Pankaj Shingala have confirmed to subscribe to the full extent of their Rights and Entitlements The Company also exports in countries like the UK, UAE, Africa, Singapore, Uganda, etc. The company has been supplying cables to 55+ government departments and 150+ corporate groups
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