Latest news with #ENBEE
India.com
12 hours ago
- Business
- India.com
ENBEE Finance Teams Up With Sunrise FinServe To Give More Loans; Mulling Interim Dividend
ENBEE Trade and Finance, a company that provides loans, has joined forces with Sunrise FinServe. This partnership aims to make it easier and faster for ENBEE to give out loans, especially in Maharashtra and Gujarat. ENBEE will use Sunrise FinServe's knowledge, network, and ways to find new customers to improve its lending. This will help ENBEE grow faster in giving out loans to individuals, reported PTI. Meanwhile, ENBEE Trade and Finance on Monday said its board will meet this week to consider an interim dividend payment of up to 50 per cent for the 2025- 26 financial year. The company's board will meet on June 20 to consider the declaration of up to 50 per cent interim dividend for the current financial year, the non-banking finance company said in an exchange filing on Monday, said PTI. ENBEE Trade & Finance is also focused on funding environmentally friendly projects, such as putting up solar panels, developing wind energy, and building charging stations for electric vehicles. In the financial year that ended on March 31, 2025, ENBEE Trade and Finance made Rs 19.73 crore in total, which is more than the Rs 10.25 crore they made in the previous year (FY2023-24). Their profit for FY225 was Rs 4.95 crore, up from Rs 1.56 crore in FY24.
Business Standard
18 hours ago
- Business
- Business Standard
ENBEE Trade and Finance to consider the declaration of upto 50% Interim Dividend for the Financial Year 2025- 26
PNN Mumbai (Maharashtra) [India], June 17: ENBEE Trade and Finance Limited (BSE: 512441), a non-banking financial company is considering the declaration of upto 50% Interim Dividend for the Financial Year 2025- 26. Meeting of the Board of Directors of the company is scheduled on 20th June 2025 for the decision. Face value of the company's share is Rs. 1 per share. For the financial year ended March 31, 2025, ENBEE Trade and Finance Ltd reported total revenue of Rs. 19.73 crore, a sharp increase from Rs.10.25 crore in FY 2023-24--translating to more than a 92% year-on-year growth. The company's net profit for FY25 stood at Rs. 4.95 crore, reflecting a nearly 217% Y-o-Y rise compared to Rs. 1.56 crore in FY24. For the fourth quarter that ended on March 31, 2025, the company recorded a consolidated net profit of Rs. 1.64 crore, a 76% Y-o-Y rise compared to net profit of Rs.0.93 crore in Q4 FY24. These results underscore ENBEE's strong operational momentum, robust growth strategy, and disciplined financial execution. Company has recently announced a strategic alliance with Sunrise FinServe Pvt Ltd in a move aimed at significantly enhancing the efficiency and scalability of its loan disbursement operations. The partnership marks a an important step in ENBEE's ongoing efforts to strengthen its lending ecosystem, particularly across the states of Maharashtra and Gujarat. This collaboration will see ENBEE leveraging Sunrise FinServe's experience, strong distribution network, and advanced customer acquisition capabilities to enhance the lending processes. The partnership is set up to speed things up, make the application process easier, and help more people in smaller towns and underserved areas get access to credit. The management of ENBEE Trade and Finance Ltd, commented, "We're really happy to team up with Sunrise FinServe Pvt Ltd as we grow our lending business. This partnership will help us work more smoothly and reach more people who need financial support. With Sunrise's experience and strong digital network, we'll be able to offer faster and easier financial services, especially in important areas like Maharashtra and Gujarat." Enbee Trade & Finance has taken an aggressive stance on sustainable finance, targeting projects in solar panel installations, wind energy developments, Electric Vehicle (EV) charging infrastructure. Additionally, the company plans to fund startups promoting green technologies and enterprises aligned with ESG standards. This includes financial backing for renewable energy adoption, social impact ventures and eco-friendly industry practices. The company came up with Rs 45.08 crore Right Issue in December 2024. The issue size was 3,46,76,061 shares. The Rights Issue was priced at ₹13 per share, offered existing shareholders an opportunity to enhance their equity stake in the company. The Board of Directors had considered and approved the rights issue, with an entitlement of 121 Rights Equity Shares for every 50 fully paid-up equity shares held as on the record date of November 28, 2024. Enbee Trade and Finance Rights Issue 2024 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 3,55,58,889 shares. The amount was raised to repay unsecured loans availed by the company from promoter and promoter group of the company as well as augmentation of capital base of the company. About ENBEE Trade and Finance Limited Established in 1985, ENBEE Trade and Finance Ltd is a non-deposit taking NBFC registered with the Reserve Bank of India. The company is primarily engaged in providing business loans, personal loans, and structured financial solutions to SMEs and individuals.
Time of India
2 days ago
- Business
- Time of India
ENBEE Trade and Finance partners with Sunrise FinServe to boost loan disbursals
Non-banking financial company ENBEE Trade and Finance on Thursday announced a strategic alliance with Sunrise FinServe to enhance the efficiency and scalability of its loan disbursement operations. The partnership marks a pivotal step in ENBEE's ongoing efforts to strengthen its lending ecosystem, particularly across Maharashtra and Gujarat , the company said in a statement. This collaboration will see ENBEE leveraging Sunrise FinServe's expertise, distribution network, and advanced customer acquisition capabilities to bolster its lending processes, it said, adding that the alliance will accelerate its growth in the retail lending space. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Her Weight Loss, Celine Dion Confirms What We Knew All Along Learn It Wise Undo ENBEE Trade & Finance has taken an aggressive stance on sustainable finance, targeting projects in solar panel installations, wind energy developments, and electric vehicle (EV) charging infrastructure, the company said. For the financial year ended March 31, 2025, ENBEE Trade and Finance Ltd reported total revenue of Rs 19.73 crore against Rs 10.25 crore in FY2023-24. The company's net profit for FY25 stood at Rs 4.95 crore against Rs 1.56 crore in FY24.
