Latest news with #Regulation29
Mint
3 days ago
- Business
- Mint
India Cements sets board meeting date to declare Q1 results 2025. Details here
Cement maker India Cements has announced that its Board of Directors will convene on Saturday, July 19, 2025, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025. "In terms of Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write this to inform you that a meeting of our Board of Directors will be held on Saturday, 19th July, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ending 30th June 2025," it said. The upcoming board meeting will provide an important update on the company's performance in the first quarter of the financial year 2025–26, especially in light of its turnaround in the previous quarter. As investors and analysts await the Q1 results, the focus will likely be on sustainability of earnings and operational performance under the stewardship of its new parent company. In line with its internal code of conduct and SEBI's guidelines to prevent insider trading, India Cements also announced the closure of the trading window from July 1, 2025. The window will remain shut for all designated persons, including insiders and their immediate relatives, until 48 hours after the Q1 results are publicly disclosed, i.e., until July 21, 2025. During this period, no trading in the company's securities will be permitted by persons having access to unpublished price-sensitive information. India Cements, now a subsidiary of Aditya Birla Group's UltraTech Cement, posted a consolidated net profit of ₹ 14.68 crore for the March 2025 quarter, marking a turnaround from a net loss of ₹ 60.55 crore in the same quarter last year. However, revenue from operations saw a 3.11 percent year-on-year decline to ₹ 1,197.30 crore, compared to ₹ 1,235.74 crore in Q4FY24. For the full fiscal year FY25, the company reported a narrower net loss of ₹ 143.88 crore, improving from a loss of ₹ 227.34 crore in FY24. The financial performance improvement is significant as it marks the company's efforts to stabilise operations after UltraTech Cement acquired the promoter's stake in December 2024, turning India Cements into its subsidiary. India Cements shares have delivered stellar returns over the past year, surging 85 percent. The stock gained 3 percent in May, following an 11 percent rise in April and a 9.3 percent uptick in March. However, earlier months had been turbulent, with a 4 percent dip in February and a sharp 30 percent fall in January. As of June 5, 2025, the cement stock was trading at ₹ 340.90, still about 11 percent below its 52-week high of ₹ 385.50 touched in July 2024. On the flip side, it has more than doubled from its 52-week low of ₹ 181.15, which was hit in June 2024. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
6 days ago
- Business
- Business Standard
YES Bank jumps 6% in weak market; board to discuss fundraising on June 3
YES Bank shares jumped 6.4 per cent in trade on Monday, June 2, 2025, logging a day's high at ₹22.86 per share on BSE. The stock extended rally for the third consecutive session and rose nearly 7 per cent. In the past one year, YES Bank shares have gained 9 per cent as compared to Sensex's rise of around 7 per cent. At 10:37 AM, YES Bank share price was up 5.7 per cent at ₹22.58 per share on the BSE. In comparison, the BSE Sensex was down 0.64 per cent at 80,929.25. The market capitalisation of the company stood at ₹70,812.77 crore. The 52-week high of the stock was at ₹27.41 per share and 52-week low of the stock was at ₹16.02 per share. YES Bank fundraising The board of YES Bank will meet on Tuesday, June 3, 2025, to consider raising funds. "In accordance with Regulation 29(1) and Regulation 50(1) and other applicable provisions of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform that the meeting of the Board of Directors of YES Bank Limited ('the Bank') is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required," the filing read. YES Bank to boost retail book In an interview with Business Standard, Rajan Pental, executive director, YES Bank, said that the bank can grow its retail book by 30 per cent if it desires because the platforms are ready, but they want to do it in a regimented way. The bank is also shifting its focus from low-yielding secured retail products to medium-yielding ones while ensuring that its high-yielding unsecured retail portfolio does not exceed 25 per cent of the overall retail book as the bank views anything beyond 25 per cent unsecured book to be 'risky'. About YES Bank YES BANK is a commercial bank headquartered in Mumbai, that offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients.
Business Upturn
14-05-2025
- Business
- Business Upturn
SBI to consider fund raising of up to $3 billion via public offer or other currency in FY26
The State Bank of India (SBI) has announced that its Executive Committee of the Central Board will meet on Tuesday, May 20, 2025, in Mumbai to consider a proposal for long-term fundraising of up to $3 billion for the financial year 2025-26. In a regulatory filing made under Regulation 29(1), Regulation 50(1), and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank stated that the proposed fundraising would be conducted in one or more tranches. It may be executed via a public offer and/or private placement of senior unsecured notes under Regulation-S and/or Rule 144A. In the filing, the SBI shared,' In compliance with Regulation 29 (1), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we advise that a meeting of the Executive Committee of the Central Board of the Bank will be held on Tuesday, 20th May 2025 at Mumbai, inter-alia, to examine the status and decide on long term fund raising in single /multiple tranches of up to US$ 3 Billion (US$ Three Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2025-26.' The issuance may be denominated in US dollars or any other major foreign currency, depending on market conditions and strategic requirements. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
13-05-2025
- Business
- Business Standard
Likhami Consulting Ltd
Likhami Consulting Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/05/2025 inter alia to consider and approve Pursuant to provision of Regulation 29 of SEBI (LODR)2015 a meeting of the Board of Director of the Company will be held on Tuesday 20th May 2025 at 3.00 P.M. at its Registered office of the Company to inter-alia consider / approve the following business as under : consider and approve Standalone Audited Financial Result for the 04th quarter and year ended 31st March 2025 and Auditor Report issued by the Statutory of Secretarial discuss any other matters with the permission of the pursuant to the provision of SEBI (PIT) Reg 2015as amended read with Code of Conduct framed by the Company and in continuation to our letter dated 25th March 2025 the trading window shall remain closed for all the Promoters Directors Key Managerial Personnel Connected Persons and Designated persons/ Employees of the Company and their relatives from 01st April 2025 to 22th May 2025 (both days inclusive)
Time of India
28-04-2025
- Business
- Time of India
Paras Defence shares zoom 8% as board to consider stock split on April 30
Paras Defence and Space Technologies shares zoomed 7.8% to an intraday high of Rs 1,127 on BSE on Monday after the company announced that its board will meet on April 30 to consider and approve a stock split along with its financial results for the quarter ended March 2025. 'Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,' the company said in an exchange filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giường thông minh giá phải chăng, bạn sẽ ngạc nhiên về giá của chúng Giường thông minh | Quảng cáo tìm kiếm Tìm Ngay Undo Additionally, the company has informed that it will also consider the payment of a dividend for its equity shareholders at the same meeting. As of now, no further details have been provided by the company. Paras Defence and Space Technologies Stock Split History According to Trendlyne data, this will be the company's first-ever stock split. Live Events Paras Defence and Space Technologies Dividend In addition to the stock split, the company will also declare its first-ever dividend, according to Trendlyne data. Paras Defence and Space Technologies Share Price Performance Over the past year, shares of Paras Defence have surged by 50.58%. On a year-to-date (YTD) basis, they have gained 10.80%. In the last six months, the stock has risen by 16.65%, while over the past three months, it has advanced by 10.32%. Additionally, over the last month, the stock has registered a strong gain of 16.34%. Also read: Gold's record-breaking surge likely to face headwinds as analysts advise caution ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
