NSE BSE Stock Updates - Business Announcements, a deep analysis

29th July 2024 Updates from: Share price, Stock financial, operational and more corporate announcements.


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Nifty 50 PE Ratio for current Month:
https://activestockmarket.com/nifty-50-pe-ratio

ESAF Small Finance Bank Ltd reported a total business of ₹**40,551 crores** as of June 30, 2024. The bank's deposits amounted to ₹**20,887 crores** and its total loan book was ₹**19,664 crores**. The bank's net interest income for Q1 FY25 was ₹**588.39 crores**, with a profit after tax of ₹**62.77 crores**. ESAF Small Finance Bank operates 755 banking outlets and 627 ATMs across 23 states and 2 union territories, serving 86.7 lakh customers. The bank's capital adequacy ratio stood at 23.5%, with a Tier I ratio of 20.1%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/18a44d75-e46f-4539-8d6f-bdb8536f4e80.pdf

Zen Technologies Ltd. reported a robust start to FY25 with significant financial growth. The company's revenue from operations for Q1**FY25** reached ₹253.96 crores, up from ₹132.45 crores in Q1**FY24**. Operational EBITDA increased to ₹103.20 crores, and net profit rose to ₹74.18 crores, reflecting year-on-year growth of 56% and 57%, respectively.

The company has a strong order book totaling ₹1,158.54 crores as of June 30, 2024. Notable contributions came from both domestic and export markets. Zen Technologies continues to innovate with products like the Hawkeye anti-drone system and maintains a strategic focus on R&D. R&D expenditures rose to ₹6.99 crores in Q1**FY25**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9e3eaa4-a63a-45fb-b1b2-52e314ae8589.pdf

Zen Technologies Ltd. reported a robust financial performance for Q1FY25, with revenue from operations reaching ₹253.96 crores, a significant increase from ₹132.45 crores in Q1FY24. The company's Operational EBITDA stood at ₹103.20 crores, reflecting a 56% year-on-year growth, while net profit surged to ₹74.18 crores, marking a 57% increase.

Zen Technologies continues to lead in defense training solutions and anti-drone technology, leveraging its extensive R&D capabilities and a strong portfolio of over 155 global patents.

The company is well-positioned to meet its ambitious turnover target of ₹900 crores for the current financial year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/eb0a8655-ffba-465d-bc07-e95f18449b08.pdf

Shah Metacorp Ltd. (formerly known as Gyscoal Alloys Limited) has scheduled a Board Meeting on July 01, 2024. The meeting aims to consider and allot up to 143,000,000 equity shares of Re 1/- each and 44,500,000 equity shares of Re 1/- each pursuant to the conversion of warrants on a preferential basis at a price not less than Rs 402/- to promoters and non-promoters. This information is available on the company's website, BSE Limited, and the National Stock Exchange of India Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/126ce095-e7cc-43a7-8aad-0f1983176d7b.pdf

India Cements Ltd. has received a Public Announcement dated July 28, 2024, regarding an Open Offer by UltraTech Cement Limited to acquire up to 8,05,73,273 equity shares, representing 26% of the company's equity share capital. The offer price is set at INR 390 per share, totalizing approximately INR 3142.36 crore. This acquisition is part of UltraTech's compliance with SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

The transaction includes multiple Share Purchase Agreements (SPAs) with various sellers, leading to UltraTech potentially holding up to 81.49% of India Cements' equity share capital post-acquisition. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a83188c3-81a8-4013-94d8-a40fac5100fd.pdf

Him Teknoforge Ltd has scheduled a Board of Directors meeting on Wednesday, July 31, 2024, to consider and approve the Un-audited Financial Results for the quarter ended June 30, 2024. Additionally, the board will evaluate a proposal for fundraising through the issuance of equity shares/convertible warrants via preferential issue, pending shareholder approval in an Extraordinary General Meeting and necessary regulatory sanctions. The Trading Window for dealing in the company's securities has been closed since July 1, 2024, and will remain closed until 48 hours after the board meeting concludes. (Kalra, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8ce1213-e228-464a-b205-0efa2c596444.pdf

Monarch Networth Capital Ltd announces a significant fund raise of Rs 300 crores through preferential allotment at Rs 560 per share. Monarch Infraparks Private Limited leads the round with an investment of Rs 99 crores, and CEO Gaurav Bhandari contributes Rs 25 crores. The company also approves a 1:1 bonus issue of shares.

This strategic move aims to bolster various business verticals, including the launching of a PMS (Portfolio Management Services) offering, scaling the Margin Trading book, and applying for a Mutual Fund license.

Monarch Networth's net profit surges from Rs 2 crores in FY-20 to Rs 123 crores in FY-24, reflecting robust growth and investor confidence.

The company's net worth is projected to reach Rs 700 crore by September 30, 2024. Approximately 45% of employees hold ESOPs, demonstrating the company's commitment to value creation and employee empowerment. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6f09d50-ea5a-4d2f-8431-914cd08fafef.pdf

Monarch Networth Capital Ltd announced several key decisions from its Board of Directors meeting held on July 28, 2024. The company approved an increase in its Authorized Share Capital from ₹65 crores to ₹100 crores and the issuance of 53,60,951 fully paid-up equity shares at ₹560 per share, aggregating ₹300.21 crores. Additionally, a 1:1 bonus share issue was approved, resulting in 3,92,30,469 new equity shares. An Extraordinary General Meeting (EGM) is scheduled for August 22, 2024, to seek shareholder approval for these actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aeb74a29-e279-484f-a159-86aae6b84b3b.pdf

UltraTech Cement Limited has announced a significant acquisition involving The India Cements Limited. On July 28, 2024, UltraTech executed multiple share purchase agreements to acquire up to 32.72% of India Cements' equity share capital from its promoters and other shareholders. This includes 21.98% from EWS Finance & Investments Private Limited and other promoters, 6.44% from Rupa Gurunath, Trustee of Security Services Trust, and 4.30% from Sri Saradha Logistics Private Limited, all at Rs. 390 per share. Additionally, UltraTech will make an open offer for 26% of the equity share capital from public shareholders at the same price. The total consideration for these acquisitions is approximately Rs. 3,954 crores. This strategic move aims to enhance UltraTech's presence in the Southern market, particularly in Tamil Nadu, and optimize its operational efficiencies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/894ad0f3-568c-4ce8-9a91-94bcd8f7aa93.pdf

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