Latest news with #CompaniesAct2013
Business Upturn
22-07-2025
- Business
- Business Upturn
Arvind SmartSpaces shares jump 3% as company appoints Priyansh Kapoor as new CEO
By Aditya Bhagchandani Published on July 22, 2025, 09:52 IST Shares of Arvind SmartSpaces Ltd climbed nearly 3% today after the company announced the appointment of Mr. Priyansh Kapoor as its Whole Time Director & CEO, effective August 9, 2025, for a term of five years. The appointment, recommended by the Nomination and Remuneration Committee, is subject to shareholders' approval in compliance with the Companies Act 2013 and SEBI Listing Regulations. The company disclosed this development to the BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015, highlighting Mr. Kapoor's extensive experience in leadership roles in the real estate sector. Mr. Kapoor has over 16 years of experience, starting his career at Godrej Properties Ltd (GPL), where he rose to become General Manager – Sales & Marketing. He later joined The Wadhwa Group as Head of Sales, Marketing & CRM before moving to Godrej Housing Finance as Head of Business Development & Strategy. Since 2020, he has served as CEO – Mumbai Zone at GPL, where he was instrumental in establishing GPL as the second-largest residential developer in the MMR region by booking value. Mr. Kapoor holds a Post Graduate Diploma in Management from Xavier Institute of Management. At the time of writing, Arvind SmartSpaces Ltd shares were trading at ₹667.75, up 2.63% on the NSE. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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.
Business Upturn
21-07-2025
- Business
- Business Upturn
Arvind SmartSpaces appoints Priyansh Kapoor as Whole Time Director & CEO for five years
By Aditya Bhagchandani Published on July 21, 2025, 18:44 IST Arvind SmartSpaces Limited announced on July 21, 2025, that its Board of Directors has approved the appointment of Mr. Priyansh Kapoor as Whole Time Director & CEO, effective from August 9, 2025, for a term of five years. The appointment is subject to shareholders' approval, as per applicable provisions of the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this development to the BSE and NSE, citing the recommendation of its Nomination and Remuneration Committee. The appointment was disclosed in compliance with Regulation 30 of the SEBI Listing Regulations. Brief profile of Mr. Priyansh Kapoor: Mr. Kapoor brings over 16 years of experience in leadership roles, mainly in the real estate sector. He began his career at Godrej Properties Limited (GPL) in sales and marketing, rising to become General Manager – Sales & Marketing. Later, he joined The Wadhwa Group as Head of Sales, Marketing & CRM, driving significant growth. In 2019, he moved to Godrej Housing Finance as Head of Business Development & Strategy and, since 2020, has been CEO – Mumbai Zone at GPL, where he contributed to making GPL the second-largest residential developer in MMR by booking value. He holds a Post Graduate Diploma in Management from Xavier Institute of Management. The company also confirmed that Mr. Kapoor is not related to any other director of Arvind SmartSpaces and is not debarred from holding office under any SEBI or other authority's order. For further details, the company has submitted the prescribed disclosure as per SEBI regulations. 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.
Mint
17-07-2025
- Business
- Mint
These penny stocks are at least 30% below their 52-week highs. Are they worth watching?
The stock market didn't have a great start to 2025. Foreign investors pulled out, earnings came in weak, and valuations stayed stubbornly high. Then came a wave of tariff news from US President Donald Trump and rising geopolitical tensions. Although the markets have bounced back since April, not every stock has joined the rally. Several penny stocks are still struggling to recover. In this article, we look at three beaten-down penny stocks trading 30% below their 52-week highs. #1 Tara Chand Infralogistic Solutions The company provides cargo handling, logistic services, equipment hiring and infrastructure project services. It has three operating segments – transport & handling services, equipment rental and infra work services, and steel processing & distribution. It's involved in key metro projects in India, largely in tier-1 and tier-2 cities, with a fleet of hydraulic piling rigs, heavy lifting capacity cranes, and concrete construction machinery. It offers its fleet of equipment across sectors, such as power, oil and gas, steel, cement, renewable energy, and so on. As of 11 July the stock is down 32% from its 52-week high of ₹104.8 on 21 August 2024. While the company has posted solid year-on-year growth, its quarterly performance has been inconsistent. In the December 2024 quarter, revenue rose to ₹64.4 crore from ₹44.4 crore a year ago. Net profit improved to ₹5.2 crore from ₹3.4 crore but declined from ₹7.2 crore in September 2024. The company has seen a gradual fall in promoter shareholding. From 74.71% in September 2022, their stake dropped to 69.6% by December 2024 before inching up to 70.67% in March 2025. The company has pursued an investment plan of ₹160 crore to strengthen its crane fleet, with special attention to the heavy equipment section. It aims to add 12–15 high-tonnage cranes. #2 Premier Polyfilm The company manufactures vinyl flooring, polyvinyl chloride (PVC) sheeting and artificial leather cloth, used for a variety of industrial and consumer applications. Its products include a range of PVC flooring, PVC leather, PVC film & sheeting, vinyl wallpaper, swimming pool liners, and aqua lining PVC geomembrane. As of 11 July, the stock has declined 37% from its 52-week high of ₹85.6 on 3 January 2025. While the company's sales grew 5.96% yoy to ₹82.79 crore, net profit dropped 16.7% yoy to ₹5.58 crore from ₹6.7 crore in the same quarter last year. Investor sentiment also took a hit after Sebi fined the company ₹3 lakh in December 2024 for lapses related to related-party transactions carried out between April 2022 and May 2023 without prior approvals. The company said it had not initially considered the entities as related parties under the Companies Act 2013, and claimed to have rectified the oversight after the statutory auditor flagged it. #3 TPL PLastech The company manufactures polymer products for industrial packaging. Its products include narrow mouth drums, and narrow mouth and wide mouth carboys. As of 11 July, TPL Plastech stock is down 42% from its 52-week high of ₹136 on 1 August 2024. One of the possible reasons for the stock's decline is selling by foreign institutional investors (FIIs) over the past two quarters. FII holdings dropped from 0.26% in September 2024 to just 0.03% in December 2024 and 0% in the March 2025 quarter. Conclusion Beaten-down penny stocks may seem appealing because of their low prices, but carry significant risks. Many of these companies struggle with weak financials, poor corporate governance, low liquidity, and lack of transparency. Price swings can be extreme and exiting a position isn't always easy. It's important for investors to be aware that low price alone doesn't make a stock a good buy. Careful evaluation and a clear understanding of the risks involved are essential before considering any investment, especially in this segment. Investors should evaluate a company's fundamentals, corporate governance and valuation before making an investment decision. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Time of India
09-07-2025
- Business
- Time of India
Indian firms with more women see higher returns, yet 63% have no women in key roles
Corporate gender diversity has become a defining factor in business performance, yet Indian companies remain reluctant to embrace women in leadership roles despite compelling financial evidence. A comprehensive analysis of 840 listed companies reveals a stark contradiction. Organisations with women on their boards and executive teams generate significantly higher profits, yet nearly two-thirds operate without any women in key managerial positions. This paradox has emerged at a critical juncture for Indian businesses, as global competition intensifies and markets demand greater agility from corporate leaders. The Marching Sheep Inclusion Index 2025 found that companies with greater female representation report profit margins 20-50% higher than their male-dominated counterparts, depending on the sector. 8 out of 10 industries examined showed this positive correlation between women's leadership presence and financial performance. The study's scope encompasses major economic drivers including manufacturing, steel production, banking and financial services, pharmaceuticals, information technology, consumer goods, and infrastructure development. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Financial incentives not enough for representation Despite clear evidence that gender-diverse companies perform better financially, the report finds that monetary gains alone have not driven meaningful inclusion. While firms with more women in leadership report up to 50% higher profit margins, 63.45% of Indian companies still have no women in key managerial roles, indicating that business incentives are not translating into disparity persists even as statutory requirements under the Companies Act 2013 have improved board-level representation. The research, conducted by HR advisory firm Marching Sheep's analytics division, represents one of the most extensive mappings of gender inclusion in Indian corporate structures to date. The study, spanning 30 sectors from manufacturing to pharmaceuticals, reveals what researchers term an "hourglass pattern" in gender distribution. Women appear at entry levels and reappear at board level, but vanish from middle management, precisely where succession planning and operational decisions take shape. Women constitute just 22% of India's corporate workforce, trailing behind the 28% female participation rate in urban employment recorded in the Periodic Urban Labour Force Survey 2023-24. Women in key roles giving firms a strategic edge The financial benefits align with global research demonstrating that diverse teams deliver superior risk management and innovation. In India's competitive economic environment, this translates into measurable returns that position gender diversity as a strategic necessity rather than mere compliance. Companies across manufacturing, banking, pharmaceuticals, and technology sectors consistently demonstrated this performance advantage when women occupied senior positions. Societal barriers are too strong to easily budge The research identifies systemic obstacles preventing women from ascending to decision-making roles. Cultural expectations, inadequate succession planning, and workplace structures that penalise career breaks continue to thin the pipeline of female talent. Many organisations treat diversity initiatives as compliance exercises rather than strategic imperatives, failing to address fundamental structural barriers that limit women's career progression. The findings suggest that current progress remains superficial, with many organisations treating diversity as a tick-box exercise rather than integrating it into core business strategy. Change can be brought with conscious effort Industry observers note that sustainable change requires embedding inclusion into performance metrics and accountability structures. This includes equitable hiring practices, targeted leadership development programmes, and workplace cultures that support retention. As digital transformation reshapes business priorities, the data suggests that companies excluding women from leadership positions may be undermining their own competitive positioning. The challenge lies in translating these compelling statistics into systematic organisational change across Indian industry. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
16-06-2025
- Business
- Time of India
NCLT has powers to direct probe into company's affairs in insolvency matters, says NCLAT
Appellate tribunal NCLAT has clarified that the National Company Law Tribunal ( NCLT ) can order an investigation into the affairs of a company by probe agencies in cases related to the Insolvency & Bankruptcy Code by exercising its power under the Companies Act. The NCLAT order came on May 15 over a plea filed by Max Publicity & Communication which had challenged an NCLT order. The Mumbai bench of NCLT, on January 21, 2025, while rejecting an insolvency plea against Max Publicity & Communication, issued a direction to forward a copy of the order to investigative agencies, including the Serious Fraud Investigation Office (SFIO) and Economic Offences Wing (EOW). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unlock full 2025 solar power in Algeria — install, maintain, upgrade Solar Panels | Search Ads Learn More Undo This was challenged before NCLAT by Max Publicity submitting that no opportunity was given to it to have its say on various adverse observations made against it in the impugned order, which was violation of principle of natural justice. The insolvency plea was filed in NCLT by Max Publicity & Communication's operational creditor claiming debt and default. Live Events The NCLAT (National Company Law Appellate Tribunal) in its latest order, however, said that such orders passed by NCLT under section 213 of the Companies Act, for investigations, can be passed only after complying with preconditions. "The Adjudicating Authority, while exercising jurisdiction under Section 9 of the IBC , also exercise jurisdiction of NCLT under the Companies Act, 2013," said the three-member NCLAT bench, which also comprised Chairperson Justice Ashok Bhushan. Under the IBC (Insolvency & Bankruptcy Code), NCLT is termed as the Adjudicating Authority for resolution and liquidation proceedings. "Adjudicating Authority (NCLT) in exercise of powers under Section 213 of the Companies Act, 2013 can direct for investigation, but the said investigation can be directed after complying with the precondition, i.e. affording a reasonable opportunity to the parties concerned," said NCLAT while modifying the NCLT's order. The appellate tribunal further said that NCLT can also exercise its jurisdiction under Rule 11 of the National Company Law Tribunal Rules, 2016, where it is of the view that a copy of the order needs to be forwarded to the relevant statutory authorities for investigations. "The direction under Section 212 to carry out any investigation of the company's affairs by SFIO can be made only in accordance with the statutory provisions of Section 212 and the Adjudicating Authority, while exercising jurisdiction under the Companies Act 2013, cannot issue any direction to SFIO for carrying out investigation," the NCLAT said. Section 212 of the Companies Act says the central government can direct the SFIO for an investigation into the affairs of a company either on receipt of a report of the registrar or inspector, or on intimation of a special resolution passed by a company that its affairs are required to be investigated. It can also be directed in the public interest or on request from any department of the central government or a state government. Section 213 of the Companies Act, 2013, empowers the NCLT to investigate the affairs of a company if there are grounds to suspect fraud, mismanagement, or oppressive acts. The NCLAT modified the January 21 order of NCLT, saying, "Observations and directions made in paragraphs 65 and 66 are not to be treated any direction for carrying out any investigation by the statutory authorities referred to therein." "There was no occasion to make any observation or referring the matter to EoW or SFIO to investigate and reference of EoW and SFIO in paragraph 65 stands deleted. The direction in paragraph 66 to forward the copy of the order to statutory authorities for taking appropriate steps under the Companies Act, 2013 are upheld," it added.
