Tag: Finance

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Union Budget 2024-25:  Growth Oriented, Boosting MSMEs and Employment

July 26, 2024

Mumbai (Maharashtra) [India], July 26: Brijendra Kagzi, CMD of Shrijee Lifestyle Pvt. Ltd, applauded the Union Budget for 2024-25, highlighting its growth-oriented approach and its potential to foster employment, skill development, as well as MSME growth. Key Highlights Employment Incentives: The budget’s employment-linked incentives & internship programs are expected to drive job creation in the textile sector, the largest employment generator in manufacturing. Credit Guarantee Scheme: The proposed scheme will enable MSMEs to secure funding without collateral or third-party guarantees, encouraging growth in this sector. Areas for Improvement – Interest Subvention: To provide relief to existing and upcoming MSME textile units, Kagzi advocated for an interest subvention ...

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Filatex Fashions Ltd Board Approves 5-for-1 stock split

July 8, 2024

Hyderabad (Telangana) [India], July 8: : Hyderabad based leading socks and cotton products manufacturing company Filatex Fashions Ltd has approved 1:5 (5-for-1) stock split to enhance the liquidity in the capital market and widen shareholder base. Approved sub-division of existing 1 equity share of Rs. 5 face value into 5 equity shares of Rs. 1 each Board of directors of the company in the meeting held of 7 June 2024 has approved sub-division of existing 1 Equity Share of face value of Rs. 5 each fully paid up into 5 Equity Shares of Rs. 1 each fully paid up. Post approval of the resolution for sub-division by the shareholders at Extra Ordinary General Meeting (EGM), the record date for the purpose of subdivision of equity shares will be announced. Post sub-division, share capit...

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VMS Industries Ltd reports Revenue of Rs. 266.4 crore in FY24 with 89.7 Percentgrowth Y-o-Y; PAT up 152.9 Percent to Rs. 6.3 crore

July 5, 2024

Ahmedabad (Gujarat) [India], July 5:  Gujarat based VMS Industries Ltd (BSE – 533427) has reported excellent operational and financial performance of the 12 months ended March 2024. Company has achieved highest ever Annual Revenue of Rs. 266.37 crore for FY24 with 89.7% Y-o-Y growth as compared to revenue of Rs. 140.39 crore in the corresponding period of FY23. Company announced first interim dividend of Rs. 0.50 per share. Net Profit for the Full year of FY24 surged to Rs. 6.32 crore, representing a growth of 152.9% as compared to PAT of Rs. 2.50 crore in FY23. EBITDA for the FY24 was reported at Rs. 10.54 crore, 110% growth Y-o-Y as compared to EBITDA of Rs. 5.02 crore in FY23. In FY 24, company has continued its trajectory of robust growth, reporting significant improvements ...

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CoinChapter Presents Exclusive Altcoin Market Analysis For June 2024

July 1, 2024

Alberta (Canada), June 29: CoinChapter, a leading cryptocurrency analysis platform, has released its latest video on its official YouTube channel. The video comprehensively analyzes the top altcoins to watch in June 2024. It covers Ethereum (ETH), TON, Binance Coin (BNB), NEAR Protocol (NEAR), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), XRP, and PI Coin. The analysis includes: Detailed price predictions for each altcoin. In-depth technical analysis and market trends. Key factors influencing price movements. Expert insights and future forecasts. The video aims to provide valuable information to both seasoned investors and newcomers so that they can make informed decisions in the dynamic crypto market. It also accompanies exclusive strategy tips to maximize profits in ...

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Spright Agro Ltd’s Rs. 44.87 crore Rights opens from June 24

June 24, 2024

Ahmedabad (Gujarat) [India], June 24:  Rs. 44.87 crore Rights issue of Ahmedabad based Spright Agro Ltd (BSE –531205) engaged in the business of Agriculture, Contact Farming, Greenhouse technology among others will open for subscription on June 24, 2024. The funds raised through the issue will be utilised to fund company’s expansion plans including working capital requirements and general corporate purposes. Right issue of the company are offered at a price of Rs. 13.4 per share as compared to closing share price of Rs. 45.69 per share on 21 June, 2024. Rights Issue will close on 12 July, 2024. Share in Right issue offered at Rs. 13.4         per share as compared to closing price of Rs. 45.69 per share on 21 June 2024 Spright Agro Ltd The Company will issue 3,34,84,611 f...

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Sylvan Plyboard (India) Ltd Plans for Rs. 28.05 Crore IPO; Public Issue open from June 24-26, 2024

June 22, 2024

Mumbai (Maharashtra) [India], June 22:  Hooghly, West Bengal-based Sylvan Plyboard (India) Ltd, manufactures of various wood products such as plywood, blockboard, and flush door etc, is planning to raise up to Rs. 28.05 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge platform of the National Stock Exchange of India Limited. The public issue will open for subscription on June 24, 2024 and close on June 26, 2024. The proceeds of the public issue will be utilized to fund the company’s expansion plans, including capital expenditure towards the purchase of additional plant and machinery, meeting working capital requirements, general corporate purposes, and issue-related expenses. Finshore Management Services Limited is the lead ma...

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Durlax Top Surface’s Rs. 40.80 crore from IPO Subscribe over 161 times

June 22, 2024

Ahmedabad (Gujarat) [India], June 22:  The initial public offering of Durlax Top Surface Ltd, leading company involved in the business of Solid Surface for over a decade received overwhelming response for its Rs. 40.80 crore SME IPO and got subscribed over 160.93 times as per NSE Data on 21 June 2024. Non institutional investor category received the highest interest among investors and was subscribed over 415 times. Retail segment was subscribed over 202 times and Qualified Investor segment was subscribed over 48 times. Company’s shares will be listed on the NSE EMERGE Platform of National Stock Exchange on June 26 2024. Company’s shares will be listed on the NSE EMERGE Platform of National Stock Exchange on June 26 2024. Grey Market premium on company’s share is trading around R...