Latest news with #RajeshSharma
Yahoo
2 days ago
- Business
- Yahoo
FIEM Industries Ltd (BOM:532768) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FIEM Industries Ltd (BOM:532768) reported a strong revenue growth of 19.39% for the full year, reaching INR 2,404.96 crore. The company has launched a new innovation and R&D center in Gurgaon, enhancing its capabilities in mechanical, optical, and electronics. FIEM Industries Ltd has achieved a record EBITDA margin of 13.34% for the full year FY25. The company has been successful in securing new projects, including LED lighting solutions for major models like Honda Activa EV and Yamaha Tracer 700. A significant dividend payout of 300% has been recommended, reflecting the company's commitment to sharing profits with shareholders. Despite the growth in LED lighting, operating margins have not expanded significantly due to ongoing investments in R&D and new facilities. The company faces challenges in the four-wheeler segment, with revenue contributions still being insignificant. There is uncertainty regarding the impact of China's export curbs on rare earth magnets, which could affect the EV market. The company has not disclosed specific details on the potential revenue impact from its significant CapEx investments. FIEM Industries Ltd's growth in the four-wheeler segment is still in the early stages, with significant revenue contributions expected only in the future. Warning! GuruFocus has detected 3 Warning Sign with BOM:532768. Q: Can you provide a breakdown of the CapEx for FY25 and the plans for FY26? A: Arvind, Company Secretary, explained that INR 58 crore was spent on the right plant, with the remainder on other facilities, including R&D. The CapEx plan for the next three years is approximately INR 200 crore, excluding potential four-wheeler CapEx, which could be significant. Q: Why haven't operating margins expanded despite the shift to LED lighting? A: The CFO explained that while LED lighting offers higher realization, the margins remain broadly the same due to ongoing investments in R&D and four-wheeler capabilities. The company is focusing on long-term growth rather than immediate margin expansion. Q: How is the company addressing potential impacts from China's export curbs on rare earth magnets? A: Rajesh Sharma, Joint Managing Director, stated that the impact on the EV market is minimal as it constitutes only 5% of the market. The company is not significantly affected by these curbs. Q: What is the outlook for two-wheeler demand and growth expectations for FY26? A: The CFO expressed confidence in achieving 15-20% growth, driven by a diversified product and customer mix, including exports. The company is optimistic about rural demand due to favorable monsoon expectations. Q: Can you provide insights into the four-wheeler business and new technological developments? A: The company has started production of LED license plate lamps for Mahindra and Mahindra and is working on RFQs worth INR 700 crore. They are also developing new technologies like touch-sense capacitive technology, which could position them as a leader in the Indian market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
6 days ago
- Business
- Time of India
Can better weather forecasts help cool inflation? India is betting on it
Can better weather forecasts help cool inflation? India is betting on it Rajesh Sharma May 30, 2025, 17:39 IST IST A high-resolution weather model and supercomputing muscle are helping India decode the most unpredictable force driving its economy — the monsoon In a country where a failed forecast can mean failed crops, and heavy rains in the wrong place can upend lives, getting the weather right isn't just a matter of convenience — it's a matter of national importance. India has now taken a major step in this direction with the launch of the Bharat Forecasting System ( BFS ), the world's most detailed global weather model.
Time of India
26-05-2025
- Climate
- Time of India
Issue orange alerts too: IMD to state disaster mgmt
1 2 Ranchi: The India Meteorological Department (IMD), Ranchi, urged the state disaster management authority (SDMA) to broadcast messages for orange alerts too. At present, the SDMA issues alert only when IMD gives red warning. Red warning means people should take action for safety, orange signifies that they should be alert, and yellow for staying watchful. The IMD spreads information related to weather through various modes, including the Sachet and Damini apps, bulk messages to SDMA through telecom companies, Kirshi Vigyan Kendras, common service centers and farmer's call centres. The warnings related to a particular area are sent to the mobile phone numbers registered in that area. Orange and red alerts were sent till 2024. The incharge of IMD- Ranchi, Abhsihek Anand, said, "It would be safer if yellow and orange alerts are also broadcasted through mobile phones. Lightning, thundering, and gusty wind predicted during yellow and orange alerts could lead to loss of life and requests have been sent by the IMD in other states also." SDMA secretary Rajesh Sharma said, "We have asked the IMD-Ranchi for an example when the orange alert have led to losses. The issue of messaging alerts would be decided by the National Disaster Management Authority. Once we get an example, we will send a request to the NDMA for issuing orange alerts also." The state is experiencing thunder, lightning, and gusty win for the past several days, which has killed dozens of people, damaged houses and uprooted trees.
Cision Canada
15-05-2025
- Business
- Cision Canada
BIRD RIVER ANNOUNCES CLOSING OF DEBENTURE FINANCING FOR GROSS PROCEEDS OF APPROXIMATELY $350,000 AND ANNOUNCES NEW BOARD AND MANAGEMENT APPOINTMENTS
WINNIPEG, MB, May 15, 2025 /CNW/ - Bird River Resources Inc. (the " Company") (CSE: BDR) announces that it has closed a non-brokered private placement financing (the " Offering") of convertible debentures of the Company (the " Debentures") for aggregate gross proceeds of approximately $348,000. All currency references in the news release are in Canadian currency unless otherwise noted. The Offering consisted of the issuance of Debentures for the principal amount of $348,000 with a maturity period of one (1) year from the date of issuance (the " Maturity Date"). The Debentures are convertible into common shares of the Company (each, a " Share") at a price of $0.08 per Share (the " Conversion Price"), at the election of the holder at any time three (3) days prior to the Maturity Date or by election of the Company at any time from three (3) days prior to the Maturity Date up to and including the Maturity Date. The Debentures bear interest at a rate of 8.0% per annum, accruing as of the closing date of the Offering (the " Closing Date") and shall be payable on a bi-annual basis until the Maturity Date (each, an " Interest Payment Date"). At the sole option of the Company, the Company may satisfy its obligations to settle interest owing on the Debentures on an applicable Interest Payment Date by either: (i) a cash payment; or (ii) the issuance of Shares at a price of the higher of: (a) the Conversion Price and (b) a price equal to the volume weighted average price of the Shares on the Canadian Securities Exchange (the " CSE") for the five trading days preceding the applicable Interest Payment Date. No finders fees or commissions were paid in connection with the Offering. The gross proceeds of the Offering will be used to fund general corporate and working capital requirements of the Company. The Debentures were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. Board Appointments and Management Change The Company is pleased to welcome Rajesh Sharma as Chairman to its board of directors (" Board"), effective as of May 14, 2025. Edward Thompson has resigned from the Board, and the Company thanks Mr. Thompson for his 27 years of dedication and services to the Company. The Board now consists of: Rajesh Sharma, Jon Bridgman, Gilles Lamarre, Mel Reznick, and Dr. Alan Pierrot. The Company also announces that it is has appointed Peter Voldness as Chief Financial Officer and Anwar Siddiqi as Chief Operating Officer. Sheri Monardo has resigned as Chief Financial Officer effective as of May 14, 2025. The Company thanks Ms. Monardo for her services and dedication to the Company. The biographies of Rajesh Sharma, Peter Voldness, and Anwar Siddiqi are as follows: Rajesh Sharma, ICD.D Mr. Sharma holds global leadership experience across industries including mining, exploration, metals and international trade. He has led large-scale mining start-ups, concluded several investments and acquisition deals and led international businesses. Worked in Asia, Africa, North America and Europe, and has served on the boards of various public and private companies. Rajesh held several leadership roles with the Tata Group including as CEO and Board member of various exploration, mining and investment subsidiaries of Tata Steel in Canada and Africa. He holds management and engineering degrees and was granted the ICD.D designation. Peter Voldness Mr. Voldness has amassed extensive capital markets experience and currently holds the position of Chairman and CEO of VTM Capital Management as well as Managing Partner of Novis Partners Capital Markets Advisory. He was the Founder and CEO of Emergent Financial Group and has worked for various investment banks since 1978. Peter has completed over 150 ventures and raised over $450M for start-up and development stage companies. Anwar Siddiqi Mr. Siddiqi holds over 30 years of experience as a resource sector executive with a focus on major project management and operations across Canada and USA. He has managed the Capex program ($100 Million to over $7 Billion), worked as Deputy Project Director for an Oil Refinery Project (TIC over $6 Billion) and led the alliance of Syncrude and Colt (CoSyn) ,managing over 450 EPC staff. He was General Manager Mining and Metals at Bechtel (Canada-Bantrel), Senior Project Manager and Project Director at Imperial Oil (Syncrude Canada Ltd.) and served at US Steel as Director and Representative in Algeria. Early Warning Disclosure In connection with the Offering, Gerald Trooien (the " Subscriber") acquired Debentures in the aggregate principal amount of $348,000 (the " Principal Amount") pursuant to a subscription agreement entered into between the Subscriber and the Company, and a debenture certificate issued by the Company. The Principal Amount is convertible into 4,350,000 Shares. Immediately prior to the Offering, the Subscriber had beneficial ownership of 2,750,000 Shares of the Company, representing approximately 8.71% of the issued and outstanding Shares on a non-diluted basis. Immediately after the Offering, assuming the conversion of the Debentures, the Subscriber has beneficial ownership of an aggregate total of 7,100,000 Shares, representing approximately 19.75% of the issued and outstanding Shares on a non-diluted basis. The Subscriber acquired the Debentures pursuant to the Offering for investment purposes and intends to review its investment in the Company on a continuing basis. Depending upon a number of factors including market and other conditions, the Subscriber may from time to time increase or decrease its beneficial ownership, control, direction or economic exposure over securities of the Company. This news release is being issued under the early warning provisions of Canadian securities legislation. An early warning report will be electronically filed with the applicable securities commission in each jurisdiction where the Company is reporting and will be available on SEDAR+ at The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Bird River Established in 1958, Bird River is a Winnipeg, Manitoba based diversified resource company which currently holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border. Management and the Board of Directors are currently focused on the resource industry. Additional information regarding the Company is available at Cautionary Note Regarding Forward Looking Statements This news release contains certain "forward-looking statements" within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be considered forward-looking statements. Examples of forward-looking statements in this news release include, the anticipated use of the proceeds from the Offering and filing of the early warning report. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. SOURCE Bird River Resources Inc.
Yahoo
15-05-2025
- Business
- Yahoo
BIRD RIVER ANNOUNCES CLOSING OF DEBENTURE FINANCING FOR GROSS PROCEEDS OF APPROXIMATELY $350,000 AND ANNOUNCES NEW BOARD AND MANAGEMENT APPOINTMENTS
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ WINNIPEG, MB, May 15, 2025 /CNW/ - Bird River Resources Inc. (the "Company") (CSE: BDR) announces that it has closed a non-brokered private placement financing (the "Offering") of convertible debentures of the Company (the "Debentures") for aggregate gross proceeds of approximately $348,000. All currency references in the news release are in Canadian currency unless otherwise noted. The Offering consisted of the issuance of Debentures for the principal amount of $348,000 with a maturity period of one (1) year from the date of issuance (the "Maturity Date"). The Debentures are convertible into common shares of the Company (each, a "Share") at a price of $0.08 per Share (the "Conversion Price"), at the election of the holder at any time three (3) days prior to the Maturity Date or by election of the Company at any time from three (3) days prior to the Maturity Date up to and including the Maturity Date. The Debentures bear interest at a rate of 8.0% per annum, accruing as of the closing date of the Offering (the "Closing Date") and shall be payable on a bi-annual basis until the Maturity Date (each, an "Interest Payment Date"). At the sole option of the Company, the Company may satisfy its obligations to settle interest owing on the Debentures on an applicable Interest Payment Date by either: (i) a cash payment; or (ii) the issuance of Shares at a price of the higher of: (a) the Conversion Price and (b) a price equal to the volume weighted average price of the Shares on the Canadian Securities Exchange (the "CSE") for the five trading days preceding the applicable Interest Payment Date. No finders fees or commissions were paid in connection with the Offering. The gross proceeds of the Offering will be used to fund general corporate and working capital requirements of the Company. The Debentures were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. Board Appointments and Management Change The Company is pleased to welcome Rajesh Sharma as Chairman to its board of directors ("Board"), effective as of May 14, 2025. Edward Thompson has resigned from the Board, and the Company thanks Mr. Thompson for his 27 years of dedication and services to the Company. The Board now consists of: Rajesh Sharma, Jon Bridgman, Gilles Lamarre, Mel Reznick, and Dr. Alan Pierrot. The Company also announces that it is has appointed Peter Voldness as Chief Financial Officer and Anwar Siddiqi as Chief Operating Officer. Sheri Monardo has resigned as Chief Financial Officer effective as of May 14, 2025. The Company thanks Ms. Monardo for her services and dedication to the Company. The biographies of Rajesh Sharma, Peter Voldness, and Anwar Siddiqi are as follows: Rajesh Sharma, ICD.D Mr. Sharma holds global leadership experience across industries including mining, exploration, metals and international trade. He has led large-scale mining start-ups, concluded several investments and acquisition deals and led international businesses. Worked in Asia, Africa, North America and Europe, and has served on the boards of various public and private companies. Rajesh held several leadership roles with the Tata Group including as CEO and Board member of various exploration, mining and investment subsidiaries of Tata Steel in Canada and Africa. He holds management and engineering degrees and was granted the ICD.D designation. Peter Voldness Mr. Voldness has amassed extensive capital markets experience and currently holds the position of Chairman and CEO of VTM Capital Management as well as Managing Partner of Novis Partners Capital Markets Advisory. He was the Founder and CEO of Emergent Financial Group and has worked for various investment banks since 1978. Peter has completed over 150 ventures and raised over $450M for start-up and development stage companies. Anwar Siddiqi Mr. Siddiqi holds over 30 years of experience as a resource sector executive with a focus on major project management and operations across Canada and USA. He has managed the Capex program ($100 Million to over $7 Billion), worked as Deputy Project Director for an Oil Refinery Project (TIC over $6 Billion) and led the alliance of Syncrude and Colt (CoSyn) ,managing over 450 EPC staff. He was General Manager Mining and Metals at Bechtel (Canada-Bantrel), Senior Project Manager and Project Director at Imperial Oil (Syncrude Canada Ltd.) and served at US Steel as Director and Representative in Algeria. Early Warning Disclosure In connection with the Offering, Gerald Trooien (the "Subscriber") acquired Debentures in the aggregate principal amount of $348,000 (the "Principal Amount") pursuant to a subscription agreement entered into between the Subscriber and the Company, and a debenture certificate issued by the Company. The Principal Amount is convertible into 4,350,000 Shares. Immediately prior to the Offering, the Subscriber had beneficial ownership of 2,750,000 Shares of the Company, representing approximately 8.71% of the issued and outstanding Shares on a non-diluted basis. Immediately after the Offering, assuming the conversion of the Debentures, the Subscriber has beneficial ownership of an aggregate total of 7,100,000 Shares, representing approximately 19.75% of the issued and outstanding Shares on a non-diluted basis. The Subscriber acquired the Debentures pursuant to the Offering for investment purposes and intends to review its investment in the Company on a continuing basis. Depending upon a number of factors including market and other conditions, the Subscriber may from time to time increase or decrease its beneficial ownership, control, direction or economic exposure over securities of the Company. This news release is being issued under the early warning provisions of Canadian securities legislation. An early warning report will be electronically filed with the applicable securities commission in each jurisdiction where the Company is reporting and will be available on SEDAR+ at The securities of the Company referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Bird River Established in 1958, Bird River is a Winnipeg, Manitoba based diversified resource company which currently holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border. Management and the Board of Directors are currently focused on the resource industry. Additional information regarding the Company is available at Cautionary Note Regarding Forward Looking Statements This news release contains certain "forward-looking statements" within the meaning of applicable securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be considered forward-looking statements. Examples of forward-looking statements in this news release include, the anticipated use of the proceeds from the Offering and filing of the early warning report. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither the CSE nor its market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release. SOURCE Bird River Resources Inc. View original content:
