Latest news with #ListingRegulations
Business Standard
3 days ago
- Business
- Business Standard
Margo Finance Ltd
We wish to inform you that at the Board Meeting held today i.e. on 30th May 2025 the Board of Directors of Margo Finance Limited (the Company) approved the Audited Standalone Financial Results of the Company for the quarter and year ended 31st March to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) 2015 (Listing Regulations) we are enclosing herewith the following:1. Audited Standalone Financial Results of the Company for the quarter and year ended 31st March 20252. Independent Auditors Report on Audited Standalone Financial Results of the Company for the quarter and year ended 31st March 2025 issued by M/s. Pawan Shubham & Co. Statutory Auditors of the Company and3. Declaration on Auditors Report with unmodified opinion pursuant to Regulation 33(3)(d) of the Listing Regulations signed by Mr. Shri Dass Maheshwari Chief Financial Officer of the Company.
Mint
21-05-2025
- Automotive
- Mint
Bajaj Auto share price recovers 24% from April lows. Is the rally sustainable?
Bajaj Auto share price in focus: Shares of Bajaj Auto, one of the leading two-wheeler manufacturers, resumed their winning streak on Wednesday, May 21, gaining 2.5% to hit the day's high of ₹ 8,765 apiece. This came after a brief pause in the previous session due to a sudden market crash. Since May 8, the shares have strengthened 13.5%. However, analysts see limited upside in the stock amid a lack of volume. Anshul Jain, Head of Research at Lakshmishree Investments, said that Bajaj Auto has formed a bearish reversal structure on the daily chart, coinciding with the auto index correcting from its swing high. "The stock's recent rally lacked volume strength, and the ongoing reversal is also occurring on lower volumes, indicating weak bullish conviction. A follow-through move on the downside is likely, with the 20-day EMA placed near 8,250 acting as the next logical target in the short term if selling pressure persists," he further stated. After being under pressure for six consecutive months, the shares made a comeback in early April and have maintained their momentum so far in the current month. As a result, the stock has recovered 24% from its April 7 low of ₹ 7,089 apiece. Despite this notable recovery, the stock is still trading 33% below its all-time high of ₹ 12,744 apiece recorded in September 2024. Recent media reports stated that its wholly owned subsidiary, Bajaj Auto International Holdings BV, Netherlands, secured a €566 million loan from offshore lenders, speculating that the funds may be used for the restructuring of KTM AG. In its regulatory filing on May 19, the company clarified that it is currently in negotiations and exploring various alternatives to participate in the restructuring of KTM AG, pursuant to a plan approved by the latter's creditors. "Involvement by Bajaj Auto BV in the restructuring as well as arrangements in this behalf are being finalized, and the company will make necessary disclosures at the appropriate time in accordance with Regulation 30 of the Listing Regulations," the company said. Meanwhile, the company is scheduled to release its financial results for the March quarter on May 29. It posted a 6% decline in its total sales to 365,810 units in April, against 388,256 units sold a year ago. Domestic sales were down 11% year on year to 220,615 units, while exports were up 4% to 145,195 units. In the reported month, two-wheeler sales dropped 7% to 317,937 units, while commercial vehicle sales grew by 3% to 47,873 units. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
20-05-2025
- Business
- Business Standard
Board of Hindalco Industries approves acquisition of EMIL Mines and Mineral Resources
At meeting held on 20 May 2025The Board of Hindalco Industries at its meeting held on 20 May 2025 has approved the acquisition of 100% equity stake in EMIL Mines and Mineral Resources (EMMRL), a wholly owned subsidiary of Essel Mining & Industries (EMIL) for a consideration of Rs 48 lakhs along with net debt value of Rs 1131 crore, subject to approval of the Shareholders of the Company along with requisite approvals from State Government and Central Government as may be applicable. Additional information as required under Listing Regulations for the said matter, as applicable, is being filed separately. Powered by Capital Market - Live News
Business Upturn
28-04-2025
- Business
- Business Upturn
IndusInd Bank shares in focus tomorrow as Deputy CEO Arun Khurana resigns with immediate effect
Shares of IndusInd Bank are expected to be in focus when markets open tomorrow after the lender announced the immediate resignation of its Deputy CEO and Executive Director, Arun Khurana. In a regulatory filing, IndusInd Bank disclosed that Arun Khurana has stepped down citing accounting irregularities related to internal derivative trades, which led to an adverse impact on the bank's profit and loss (P&L) statement. Khurana, who also oversaw the Treasury Front Office function, submitted his resignation on April 28, 2025, and it was accepted by the Board the same day. In his resignation letter, Khurana took responsibility for the developments and said he would assist in transitioning his responsibilities to ensure a smooth handover. The bank clarified that the resignation was voluntary and that there were no additional disclosures required under SEBI's Listing Regulations regarding relationships or conflicts. Markets Desk at
