Laxmi Organic Industries Limited has signed Share Subscription and Shareholders’ Agreement with Radiance MH Sunrise Seven Private Limited (Radiance) and Radiance Renewables Private Limited, for acquiring 15,12,000 equity shares constituting 26% of the total share capital of Radiance MH Sunrise Seven Private Limited for a sum not exceeding to Rs1,51,20,000.
Radiance is promoted as a special purpose vehicle (SPV) solely to undertake the business of generation of renewable energy from conventional and non-conventional sources of energy and to supply such electricity on the captive basis to the company.
The company proposes to make investment for a sum not exceeding Rs1,51,20,000 by acquiring 15,12,000 equity shares constituting 26% of the total share capital of Radiance. Read more
Balaxi Pharmaceuticals Ltd. jumped 4.65% in today’s trade after its results announcement for the quarter and nine months ended December 2021. At around 3.27 PM, it was trading at Rs426.20 against its previous closing price of Rs407.35. It touched day’s high and low of Rs429.25 and Rs407.05 respectively in today’s trade.
Company reported a 11% growth in its PAT for Q3FY22 at Rs12.18 crore against Rs10.95 crore for Q3FY21. Whilst PAT for 9M ended December 2021 up by 17% at Rs34.95 crore against Rs29.74 crore for previous 9M period.
Company’s revenue for Q3FY22 recorded a decline of 6% yoy at Rs61.70 crore against Rs66 crore in the previous quarter. While revenue for the 9M period ended December 2021 gained 7% at Rs190.20 crore. Read more
Ircon International Limited, a Miniratna (Category – I) Schedule A, Public Sector Enterprise and a leading turnkey Construction Company has announced its financial results for the third quarter and nine months ended on December 31, 2021.
The company said that total income stands at Rs1,709 crore in Q3FY22 as against Rs1,304 crore in Q3FY21. Revenue from Operations during the quarter increased to Rs1,639 crore as against Rs1,246 crore in Q3FY21. Core EBITDA was at Rs107 crore as compared to Rs86 crore in Q3FY21.
Profit Before Tax stands at Rs169 crore in Q3FY22 as against Rs134 crore in Q3FY21. Profit After Tax increased to Rs130 crore as against Rs103 crore in Q3FY21. EPS stands at Rs1.38 per equity share of the face value of Rs2 per share. Read more
DB Corp Limited (DBCL), India’s largest print media company and home to flagship newspapers – Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar, as well as […]