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Business Upturn
2 days ago
- Business
- Business Upturn
Godavari Biorefineries secures European patent for novel anti-cancer molecule
By Aditya Bhagchandani Published on July 3, 2025, 22:23 IST Godavari Biorefineries Ltd announced on July 3, 2025, that it has been granted a patent in Europe for its novel anti-cancer molecule. The patent, which covers a highly potent compound with proven efficacy on cancer and cancer stem cells, is now validated in Spain, the UK, and as a Unitary Patent across Europe. The company stated that the patent falls under the 'Anti-Cancer Research Segment', emphasizing the molecule's effectiveness in combating cancer and targeting cancer stem cells — a crucial focus area in modern oncology research. The announcement was made through a regulatory filing to the National Stock Exchange of India and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 'This patent reinforces our commitment to developing breakthrough solutions in cancer therapy, addressing one of the most challenging areas in medical science,' the company said in its communication. The company also noted that this development is part of its ongoing research and innovation efforts and is expected to contribute to its growth in the healthcare and biotech segment. For your records and information, the disclosure was signed digitally by Manoj Jain, Company Secretary and Compliance Officer at Godavari Biorefineries. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
United News of India
26-06-2025
- Business
- United News of India
IFL Enterprises Limited's Rs. 49.15 Crore Rights Issue opened; Last date for On-Market Renunciation of REs is June 25
Ahmedabad (Gujarat) [India], June 25: The Rs. 49.15 crore Rights Issue of IFL Enterprises Limited (BSE – 540377), engaged in the agri commodity business including import, export and trading of agri commodities has opened for subscription on June 23, 2025 and will remain open till June 30, 2025. The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. The last date for On-Market Renunciation of REs is Wednesday, June 25, 2025. Highlights: Share in Rights Issue attractively priced at Rs. 1 per share Rights shares finalised in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held. Last date for On-Market Renunciation is June 25, 2025 with Record Date fixed as June 13, 2025 Company registered Rs. 2.99 crore Net Profit, a 254% Y-o-Y rise & 13 fold revenue rise to Rs. 120.60 crore in FY25 The Rights Issue comprises 49,14,76,620 fully paid-up Equity Shares of face value Rs. 1 each, aggregating to Rs. 49.15 crore. Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes. Shareholders holding equity shares as on the Record Date – June 13, 2025, will be eligible to apply for the rights shares in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held. This capital raise follows the company's strategic direction under newly appointed Managing Director Mr. Abhishek Pratapkumar Thakkar, aimed at enhancing operational efficiency and expanding service capabilities. Earlier, Board of directors of the company on 30th December, 2024 and Draft Letter of Offer dated 07th March, 2025 submitted for obtaining 'In Principle Approval' for proposed Right Issue of up to Rs. 50.00 Crores (Rupees Fifty Crores) and 'In Principle Approval' received from BSE Limited vide its letter bearing No. LOD/RIGHT/KS/FIP/213/2025-26 dated May 19th, 2025. For the financial year that ended March 2025, company achieved revenue from operations of Rs. 120.60 crore, over 13 fold rise as compared to the revenue of Rs. 8.24 crore in the FY 2023-24. Net profit also rose to Rs. 2.99 crores for the FY25, compared to Rs. 84.5 lakh in FY24, a 254% Y-o-Y growth. Company has reported consolidated net profit of Rs. 3.04 crore in Q4 FY25. Revenue from operations during Q4FY25 reported rise multifold to Rs. 72.13 crore as against revenue of Rs. 1.98 crore in the Q4 FY24. In August 2024, company board approved bonus issue in the ratio of 1:150 (1 equity share as bonus for every 150 shares) held by the equity shareholders. Incorporated in the year 2009, IFL Enterprises Ltd currently deals in the agri commodity business including import, export of agriculture produce like fruits, vegetable, seeds, organic and herbal products, trading of agri commodity products including contract farming and warehousing. Company also deals in trading financial instruments like shares, stocks, and bonds. Rights Issue– IFL Enterprise Limited Right Issue Opens on June 23, 2025 Right Issue Closes on June 30, 2025 Issue Price -Rs. 1 Per Share Issue Size (No of Shares) – 49,14,76,620 Equity Shares Issue Size (Amount) – Rs. 49.15 crore Right Issue Entitlement – 60:91 (60 rights equity shares for every 91 fully paid-up Equity Share) Record Date- June 13, 2025 Last Date for On Market Renunciation -June 25, 2025
Business Standard
25-06-2025
- Business
- Business Standard
IFL Enterprises Limited's Rs. 49.15 Crore Rights Issue opened; Last date for On-Market Renunciation of REs is June 25
PNN Ahmedabad (Gujarat) [India], June 25: The Rs. 49.15 crore Rights Issue of IFL Enterprises Limited (BSE - 540377), engaged in the agri commodity business including import, export and trading of agri commodities has opened for subscription on June 23, 2025 and will remain open till June 30, 2025. The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. The last date for On-Market Renunciation of REs is Wednesday, June 25, 2025. Highlights: - Share in Rights Issue attractively priced at Rs. 1 per share -Rights shares finalised in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held. - Last date for On-Market Renunciation is June 25, 2025 with Record Date fixed as June 13, 2025 - Company registered Rs. 2.99 crore Net Profit, a 254% Y-o-Y rise & 13 fold revenue rise to Rs. 120.60 crore in FY25 The Rights Issue comprises 49,14,76,620 fully paid-up Equity Shares of face value Rs. 1 each, aggregating to Rs. 49.15 crore. Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes. Shareholders holding equity shares as on the Record Date - June 13, 2025, will be eligible to apply for the rights shares in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held. This capital raise follows the company's strategic direction under newly appointed Managing Director Mr. Abhishek Pratapkumar Thakkar, aimed at enhancing operational efficiency and expanding service capabilities. Earlier, Board of directors of the company on 30th December, 2024 and Draft Letter of Offer dated 07th March, 2025 submitted for obtaining 'In Principle Approval' for proposed Right Issue of up to Rs. 50.00 Crores (Rupees Fifty Crores) and 'In Principle Approval' received from BSE Limited vide its letter bearing No. LOD/RIGHT/KS/FIP/213/2025-26 dated May 19th, 2025. For the financial year that ended March 2025, company achieved revenue from operations of Rs. 120.60 crore, over 13 fold rise as compared to the revenue of Rs. 8.24 crore in the FY 2023-24. Net profit also rose to Rs. 2.99 crores for the FY25, compared to Rs. 84.5 lakh in FY24, a 254% Y-o-Y growth. Company has reported consolidated net profit of Rs. 3.04 crore in Q4 FY25. Revenue from operations during Q4FY25 reported rise multifold to Rs. 72.13 crore as against revenue of Rs. 1.98 crore in the Q4 FY24. In August 2024, company board approved bonus issue in the ratio of 1:150 (1 equity share as bonus for every 150 shares) held by the equity shareholders. Incorporated in the year 2009, IFL Enterprises Ltd currently deals in the agri commodity business including import, export of agriculture produce like fruits, vegetable, seeds, organic and herbal products, trading of agri commodity products including contract farming and warehousing. Company also deals in trading financial instruments like shares, stocks, and bonds. Rights Issue- IFL Enterprise Limited -Right Issue Opens on June 23, 2025 -Right Issue Closes on June 30, 2025 -Issue Price -Rs. 1 Per Share -Issue Size (No of Shares) - 49,14,76,620 Equity Shares -Issue Size (Amount) - Rs. 49.15 crore -Right Issue Entitlement - 60:91 (60 rights equity shares for every 91 fully paid-up Equity Share) -Record Date- June 13, 2025 -Last Date for On Market Renunciation -June 25, 2025
Time of India
13-05-2025
- Business
- Time of India
BSE shares rise 4% ahead of record date tomorrow. Last day to buy
Live Events BSE dividend history BSE share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of BSE rose 4.4% to their day's high of Rs 7,265 on the NSE on Tuesday after the company's board announced a total final dividend of Rs 23 per share for its shareholders while announcing the Q4 results, fixing May 14 as the record date for determining the shareholder eligibility for the total dividend of Rs 23 consists of a special dividend of Rs 5 per share to commemorate 150 years of BSE, along with a regular dividend of Rs 18 per share.'This is to inform that the Board of Directors of BSE Limited ('the Company') at its meeting held on Tuesday, May 6, 2025 (i.e., today), inter-alia, considered and approved the following: Recommended payment of a special dividend of Rs 5/- to commemorate the 150th year of BSE Limited and a payment of Rs 18/- as a regular dividend resulting into a final dividend of Rs 23/- per equity share of face value of Rs 2 each,' the company said in an exchange the record date has been fixed as May 14, the shareholders whose names appear as of the close of business hours on that date will be entitled to the dividend. The company had further informed that the payment of the said dividend will be completed on or before September record date determines which shareholders are eligible for benefits like dividends, splits, or bonus shares. To qualify, investors must hold shares in their demat account by the record date, which requires buying at least one day before the ex-date due to T+1 T+1 settlement, the record date and ex-date often align unless a market holiday follows the makes today the last day to buy BSE shares to be able to qualify for the dividend read: Swiggy plunges 6% to 52-week low after lock-in expiry unlocks 83% shareholding Over the past 12 months, BSE has announced an equity dividend of Rs 15 per share and based on a current share price of Rs 7,222.50, the dividend yield stands at 0.21%, according to Trendlyne the past year, the shares of BSE have surged by 172.96%, while the six-month period recorded a gain of 54.62%. Over three months, BSE advanced by 35.07%, and in the past month, it rose by 28.15%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
08-05-2025
- Business
- Business Standard
This exchange stock zoomed 87% from March low; m-cap nears ₹1 trillion
Share price of BSE today: Shares of BSE Limited hit a new high of ₹6,890, as they rallied 3.6 per cent on the National Stock Exchange (NSE) in Thursday's intra-day trade. In the past two trading days, the stock price of the exchange and data platform company has surged 10 per cent after the company posted a multi-fold jump in net profit for the quarter ended March 2025 (Q4FY25). In the past one month, the BSE has outperformed the market by gaining 24 per cent, as compared to 8 per cent rise in the Nifty 50. The stock has zoomed 87 per cent from its March month low of ₹3,682. It has skyrocketed 226 per cent from its 52-week low price of ₹2,115 touched on July 23, 2024, NSE data shows. Since March 28, the market price of India's oldest stock exchange, BSE has appreciated by 47 per cent after its rival--NSE--deferred its plan to change the day of expiring of its contracts from Thursday to Monday. This comes after the release of a consultation paper from market regulator Securities and Exchange Board of India (Sebi). Market capitalisation nears ₹1 trillion The up move in the stock price of the company has seen BSE's market capitalisation (market cap) inches towards ₹1 trillion. BSE's market cap hit ₹93,444 crore in intra-day trade today, and less than 7 per cent away from the landmark ₹1 trillion market cap feat. At 10:39 AM, BSE's market cap stood at ₹92,800 crore on the NSE, exchange data shows. The stock was trading 3 per cent higher at ₹6,846.50, with 2.6 million equity shares changing hands on the counter. BSE Q4 results The stock exchange reported a net profit of ₹493 crore during the March quarter, compared to a net profit of ₹105 crore in the year-ago period. Its revenue from operations grew 74.9 per cent year-on-year (YoY) at ₹846.70 crore, driven by growth in transaction charges/ service to corporate/ other operating income. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin expanded to 57.2 per cent from 19.8 per cent in Q4FY24. BSE aims to add 200 colocation racks before the end of FY26, taking the total count to 500 racks. While the company has introduced a per-order rate on a pilot basis, the aim is to develop a flexible revenue model for different customer cohorts. ALSO READ | These 69 stocks surged over 10% in a month after past India-Pak conflicts Brokerage view – Motilal Oswal Financial Services Future & Option (F&O) regulations have been beneficial for BSE with respect to a rise in non-expiry trading activity, leading to improvement in premium turnover. Decline in notional turnover boosted the profitability with lower regulatory costs. Increased member participation, colocation monetisation, and sustained momentum in premium turnover will be key growth drivers for BSE. 'We have revised our premium average daily turnover (ADTO) estimates to ₹15,700 crore/ ₹19,000 crore for FY26/ 27 with further headroom for increase as premium ADTO for April 2025 was at ₹15,500 crore. We raise our earnings estimates by 9 per cent/ 13 per cent for FY26/FY27. We reiterate our Buy rating on the stock with a target price of ₹7,600 (premised on 45x FY27E EPS),' the brokerage firm said in the Q4 result update. ALSO READ | About BSE The Bombay Stock Exchange (BSE) is Asia's largest and oldest stock exchange, serving as a platform for trading various financial instruments like stocks, currencies, and derivatives. Comprising some of the most actively traded and liquid stocks, BSE Sensex is the benchmark index in the country. Significantly impacting the Indian economy, it is a barometer of India's financial performance. Over the years, the BSE has introduced several new products and services, including currency trading, debt, equity, mutual funds, investment banking, etc. BSE has been a crucial player in the country's economic development because of its efficient trading systems, solid technology infrastructure, and high accountability and transparency.
