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Economic Times
23-07-2025
- Business
- Economic Times
Kesar Enterprises shares locked at 20% upper circuit ahead of board meeting to consider stock split
Shares of Kesar Enterprises were locked at the 20% upper circuit on the BSE on Wednesday ahead of the company's upcoming board meeting scheduled for July 24 to consider a stock split. The stock extended its rally for a second straight session, posting a remarkable 43.8% gain over the last two trading days. ADVERTISEMENT In an exchange filing dated July 21, the company informed that its Board of Directors will meet on Thursday, July 24, to consider several key corporate actions. These include a proposed increase in authorised capital, a stock split, and a re-classification of authorised share capital. The board will also discuss consequential changes to the Capital Clause of the Memorandum of Association. 'Pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, the 24th July, 2025, inter-alia to consider increase in Authorised Capital, Stock Split, Re-classification of Authorised Share Capital and consequential alteration in Capital Clause of Memorandum of Association,' the company said in an exchange company clarified that the trading window for equity shares remains closed in compliance with SEBI's insider trading in 1933, Kesar Enterprises Ltd (KEL) is engaged in the manufacturing of sugar, spirit, ethanol, and bagasse-based power. KEL is a part of the Kilachand Group, which operates across sectors such as sugar, distilleries, renewable energy, storage, and other agro-based products. ADVERTISEMENT The company is involved in the production of sugar, power, and alcohol. It has signed a 20-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation for the sale of KEL is active in the seed business under the brand "Kesar Seeds" and has an in-house research facility in Hyderabad dedicated to the development of open-pollinated and hybrid seeds. ADVERTISEMENT Also read: Sebi shares Jane Street probe details with SECOver the past one year, the shares of Kesar Industries have declined by 30.04%, while on a year-to-date (YTD) basis, it is down 14.30%. The six-month performance also remains negative, with a marginal decline of 0.81%. However, over the past three months, the stock has gained 50.62%, and in the last one month alone, it has surged 51.38%. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
23-07-2025
- Business
- Time of India
Kesar Enterprises shares locked at 20% upper circuit ahead of board meeting to consider stock split
Live Events Kesar Industries share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kesar Enterprises were locked at the 20% upper circuit on the BSE on Wednesday ahead of the company's upcoming board meeting scheduled for July 24 to consider a stock split. The stock extended its rally for a second straight session, posting a remarkable 43.8% gain over the last two trading an exchange filing dated July 21, the company informed that its Board of Directors will meet on Thursday, July 24, to consider several key corporate include a proposed increase in authorised capital, a stock split, and a re-classification of authorised share capital. The board will also discuss consequential changes to the Capital Clause of the Memorandum of Association.'Pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, the 24th July, 2025, inter-alia to consider increase in Authorised Capital, Stock Split, Re-classification of Authorised Share Capital and consequential alteration in Capital Clause of Memorandum of Association,' the company said in an exchange company clarified that the trading window for equity shares remains closed in compliance with SEBI's insider trading in 1933, Kesar Enterprises Ltd (KEL) is engaged in the manufacturing of sugar, spirit, ethanol, and bagasse-based power. KEL is a part of the Kilachand Group, which operates across sectors such as sugar, distilleries, renewable energy, storage, and other agro-based company is involved in the production of sugar, power, and alcohol. It has signed a 20-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation for the sale of KEL is active in the seed business under the brand "Kesar Seeds" and has an in-house research facility in Hyderabad dedicated to the development of open-pollinated and hybrid read: Sebi shares Jane Street probe details with SEC Over the past one year, the shares of Kesar Industries have declined by 30.04%, while on a year-to-date (YTD) basis, it is down 14.30%. The six-month performance also remains negative, with a marginal decline of 0.81%. However, over the past three months, the stock has gained 50.62%, and in the last one month alone, it has surged 51.38%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
03-06-2025
- Business
- Business Upturn
Union Bank MD & CEO A. Manimekhalai completes tenure on June 2
Union Bank of India on Tuesday, June 3, announced that Ms. A. Manimekhalai has completed her tenure as the Managing Director and Chief Executive Officer of the bank. Her term concluded on June 2, 2025, and she officially ceased to be a Director with effect from June 3, 2025. The bank made the announcement in accordance with Regulation 30 and Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The official communication was made via a letter to the stock exchanges by the company secretary, Mangesh Mandrekar. Union Bank of India confirmed the update for investor awareness and regulatory compliance. The bank has not yet announced a successor for the position. 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. 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.
News18
28-05-2025
- Business
- News18
76% Jump In 3 Weeks: This Midcap PSU Finance Stock Under Rs 100 Is On Wild Bull Run
Last Updated: The sharp jump is purely market-driven without any role for the company, as informed by the company in the filing. IFCI Share Price: Shares of Industrial Finance Corporation of India (IFCI) have seen a bullish momentum, with a sharp rally of prices in the last 3 weeks. In the past five sessions, the stock price of IFCI zoomed 38 per cent. On Wednesday, the IFCI stocks jumped 14 per cent intraday to Rs 69.19 apiece on BSE. The volume in the equity surged multifold times to 22.8 crore on Wednesday by the time of writing this report. Looking at the price rise in the past 2 weeks, it has almost gained 76 per cent from Rs 39.50 apiece on May 09. The sharp jump is purely market-driven without any role for the company, as informed by the company in the filing. When asked for the clarification, IFCI , a PSU, denied that 'there is no event, information or announcement, which, in our opinion, have a bearing on the price/volume of the Company's securities and is not disclosed to the Exchanges." advetisement 'In this regard, we would like to inform that the Company has been making timely disclosure of all events / information that have bearing on the operations/performance of the Company including all information under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements)\ Regulations, 2015," it said in the filing. IFCI is a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI) in the public sector. Established in 1948 as a statutory corporation, IFCI is a public limited company listed on BSE and NSE. IFCI is having mandate to provide financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kind of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. IFCI is midcap company with a market cap of Rs 18,755 crore and is part of BSE 500. It has never announced corporate action in stock split or bonus, signifying that there has no price adjustment since the launch of IPO. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 28, 2025, 15:04 IST News business » markets 76% Jump In 3 Weeks: This Midcap PSU Finance Stock Under Rs 100 Is On Wild Bull Run
