EPL allots 1.5 lakh equity shares under ESOS
In view of the said allotment, the paid-up equity share capital of the Company stands increased from Rs. 63,95,77,106 divided into 31,97,88,553 equity shares (having face value of Rs. 2 each) to Rs. 63,98,77,106 divided into 31,99,38,553 equity shares (having face value of Rs. 2 each).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
8 minutes ago
- Time of India
Wistron is eyeing Rs 1,000 crore IT hardware plant in Telangana
Academy Empower your mind, elevate your skills Wistron, the Taiwanese contract manufacturer that sold its iPhone assembly plant in Karnataka's Kolar to Tata Electronics in 2023, is firming up plans for an electronics production facility in Telangana with an investment of around Rs 1,000 crore, people aware of the matter is scouting for land in Hyderabad to build the facility that will manufacture servers, routers and switches, these people said on the condition of exiting the Kolar plant, where it had faced worker unrest in 2020, Wistron is again expanding its operations in India. The plans also include setting up a Rs 1,450 crore plant in Bengaluru to manufacture laptops. This facility is scheduled to start production by January 2026, Karnataka industries minister MB Patil said last year."They (Wistron) have decided to come to Telangana with a different product line. They are investing almost Rs 1,000 crore. Now they are finalising the location,' said one of the people. 'It could be in the same area where Hyderabad's electronics manufacturing is concentrated, in one of the electronics parks on the outskirts of the city. It has not frozen the location yet. They have seen a few locations," this person said."Wistron is into manufacturing servers, routers and switches. Manufacturing of those may go to Telangana. But it will be the non-iPhone making that will go to the state; iPhone assembly is ruled out," another person did not comment on the Telangana plan. In a statement to ET, the company repeated the announcement in 2024 when it said a wholly owned subsidiary, ICT Service Management Solutions (India), intended to secure a land use right from the Karnataka Industrial Area Development Board for up to Rs 140 crore. That land is near the international airport in Bangalore, it said in the latest Karnataka State High Level Clearance Committee had in March last year approved ICT Service Management's Rs 1,450 crore investment proposal with a potential to create 2,500 jobs. In January last year, when the company and the state government signed a memorandum of understanding, minister Patil said that ICT Service Management had sought 32 acres for the proposed proposed unit with a fully automated facility would make laptops for all brands and over 50% of laptops made here would be exported, Patil had said. The plant would also produce IoT components and EV-related currently operates in India through three subsidiaries: ICT Service Management, Smartiply India and Wistron Automotive Electronics (India). While ICT Service Management focuses on import-export services and maintenance operations, Smartiply India develops internet platforms and IoT-related products. Wistron Automotive Electronics specialises in manufacturing, R&D and design of automotive electronics and related products.
Time of India
8 minutes ago
- Time of India
Agritech DeHaat's FY25 revenue up 11% to Rs 3,000 crore
Synopsis Temasek-backed DeHaat clocked revenue of Rs 3,000 crore in FY25, an 11% increase from the prior year, and is currently operating at an annual revenue run rate of Rs 4,000 crore, said Shashank Kumar, who is also its chief executive. He did not provide the profit and revenue figures for the first quarter, or the bottom line for the last fiscal year. The company has yet to file the financial statements for FY25 with the Registrar of Companies.
Economic Times
38 minutes ago
- Economic Times
Indian equity indices decline as company valuations trip on disappointing earnings
Kumar said that 24,000-24,400 is a key support level with some value buying likely to emerge at 24,000 levels, but markets are likely to be in a short-term downtrend. Synopsis Indian equity indices experienced a third consecutive session of decline due to disappointing first-quarter earnings, raising concerns about market valuations. The broader market witnessed a sharper downturn, particularly in mid-cap and small-cap stocks, as investors reduced risky positions amid growing uncertainty. Foreign portfolio investors were net sellers, contributing to the overall bearish sentiment. Mumbai: Indian equity indices declined on Monday for the third straight session as disappointing first-quarter earnings cast doubt on the market's elevated valuations. The slide in the broader market was sharper, with investors trimming their risky bets amid heightening uncertainty. ADVERTISEMENT The NSE Nifty fell 0.6% or 156 points to finish at 24,680. The BSE Sensex moved 0.7% or 572.07 points lower at 80,891. The Nifty Mid-cap 150 and Small-cap 250 indices dropped 0.9% and 1.3% respectively. In the past week, the benchmark index shed 1.6% while the mid-cap and small-cap indices shed 3.1% and 4.1% each. "The market has been factoring in higher growth expectations into mid-cap and small-cap stocks," said Siddarth Bhamre, Head of Research, Asit C Mehta Intermediates. "So if these companies report lower growth numbers in the earnings, the selloff is that much more pronounced because the higher growth led these stocks to command a higher valuation multiple." 'Sell on Rise' Market Bhamre said that expectations of 25-30% growth from these companies imply a valuation of 40-50 times, which is significantly higher than the rest of the market. ADVERTISEMENT The Nifty Realty Index tumbled 4.1% while the metal index closed 1.2% lower. Bank Nifty fell 0.8% while the private bank and PSU Bank indices dropped 1.7% and 1.2% Volatility Index or VIX-the market's fear gauge-gained 7% to 12.1 on Monday, indicating traders expect higher risks in the near term. ADVERTISEMENT Out of the 4299 stocks traded on the BSE, 2951 declined, while 1,200 advanced, underscoring the weakness in the broader market"Despite opening higher, the mid and smallcap segment saw a fall today driven by bearish sentiment as the benchmark Nifty remained below key level of 24,800," said Vipin Kumar, AVP Equity Research & PMS (Derivatives & Technical Analyst), Globe Capital Market ADVERTISEMENT Foreign portfolio investors (FPIs) sold shares worth a net of Rs 6,082.5 crore on Monday. Their domestic counterparts bought shares worth Rs 6,764.6 crore. In July, overseas investors divested Rs 27,822.9 crore."The probability of disappointment is higher in the market rather than making money in the current set-up," said Bhamre. "We are not gung-ho on the market at least until December this year as the potential for decent upside is unlikely."Kumar said that 24,000-24,400 is a key support level with some value buying likely to emerge at 24,000 levels, but markets are likely to be in a short-term downtrend. ADVERTISEMENT "A bounce back is likely towards 24,900-25,000 levels in the near term as the markets are oversold in the short term. However, it is expected to be a selling opportunity as we are in a 'sell on rise' market," said Kumar. (You can now subscribe to our ETMarkets WhatsApp channel) market valuationsIndian equity indices declineNSE NiftyBSE Sensex Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
