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Mint
4 days ago
- Business
- Mint
Small-cap stock below ₹50 Vishal Fabrics edges higher despite weak trends in Indian stock market
Stock Market Today: Small-cap stock below ₹ 50, Vishal Fabrics edged higher in the morning trades on Friday despite weak trends in the Indian stock market: Here's why Vishal Fabrics intimated the exchanges on 29 May 2025 about a Board of Directors meeting outcome with regards to fund raising . Th Outcome of the Fund-raising Committee Meeting of the Board of Directors held on May 29, 2025 was intimated by Vishal Fabrics to the Bombay Stock Exchange or the BSE. This was with reference too the Conversion of 69,32,824 warrants into equal number of equity shares of the Company. Vishal Fabrics had intimated on September 12, 2024, with respect to the allotment of warrants and in the same context Vishal Fabrics said that Fund raising Committee of the Board of Directors of the Company in their meeting held on Thursday , May 29, 2025, considered and approved the allotment of equity shares having face value of Rs. 5/- each , upon part conversion of 69,32,824 warrants. This is out of total 1,50,00,000 warrants applied by Elysian Wealth Fund (Formerly known as Silver Stallion Limited) under the Non-Promoter, Public Category. The warrants hav been approved to be issued by Small-cap stock below ₹ 50, Vishal Fabrics at an issue price of Rs. 30.60/- each, on preferential basis, upon receipt of amount aggregating to Rs.15,91,08,310.80 /- (Rupees Fifteen Crore Ninety One Lakhs Eight Thousand Three Hundred and Ten and Eighty Paisa only) at the rate of Rs. 22.95/- (Rupees Twenty-Two and Ninety-Five Paise only) per warrant from the allottee pursuant to the exercise of their rights of conversion into equity shares. According to a release by Vishal Fabrics, these warrants were granted to "Non-Promoter, Public Category" on a preferential basis with a price of Rs. 30.60/-per warrant upon payment of Rs. 7.65/- (Rupees Seven and Sixty-Five Paise only) per warrant, which is 25% of the Issue Price. This gives the warrant holders the right to convert their warrants into an equal number of Equity Shares of the Company by paying the remaining 75%, or Rs. 22.95/-per warrant, within 18 months of the date of warrants allotment. Small-cap stock below ₹ 50, Vishal Fabrics share price opened at ₹ 30 on the BSE on Friday, almost flat over the previous days closing price of ₹ 30.04. The Small-cap stock below ₹ 50, Vishal Fabrics share price gained to intraday highs of ₹ 30.50 marking gains of 1.5% on a day when Indian stock market was weak and sensex was down around 0.25%. 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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First Post
5 days ago
- First Post
What are fibre optic drones that Russia is using in Ukraine?
Russia has sent tens of thousands of unmanned aerial vehicles (UAVs) to assail Ukraine since the war began. However, since 2024, Moscow has unleashed fibre optics first-person-view (FPV) drones to devastating effect, particularly in the Kursk region. How do these drones work? read more Russia had sent thousands of drones to attack Ukraine since the beginning of the war. AP Russia has been attacking Ukraine with drones ever since the war began in February 2022. Moscow has sent tens of thousands of unmanned aerial vehicles (UAVs) to assail Kyiv. While Ukraine has gotten very good at countering Russian UAVs, a new thread has emerged – fibre optic drones. But what do we know about the drones? And how are they being used by Russia in Ukraine? Let's take a closer look: What do we know about these drones? As per Kyiv Independent, fibre optics first-person-view (FPV) drones have been unleashed as Russia's latest weapon in Ukraine. According to The War Zone, Russia first began using these drones in the spring of 2024. STORY CONTINUES BELOW THIS AD The fibre optics drones are essentially the same as UAVs. However they come with one important difference – they navigate using ultra-thin glass cables. Normal drones, on the other hand, rely on radio waves to communicate with the operator. These drones cost around $1,200 (Rupees 1 lakh). They can have a range from anywhere between 15 to 30 kilometers — depending on how sophisticated the equipment is. According to the Washington Post, this small but important change makes fibre optic drones immune from being electronically intercepted. 'The video and control signal is transmitted to and from the drone through the cable, not through radio frequencies. This means it can't be jammed by electronic interceptors,' a soldier with the call sign Moderator, a drone engineer with the 68th Jaeger Brigade, told BBC. It also allows the drone to capture the footage in perfect quality and frees the drone from being limited by the range of radio waves. These fibre optic drones have a longer battery life, are more accurate and can navigate difficult range such as forest and city streets without ever losing touch with their operators. An optical fibre from Russian FPV drones is seen on a road outside the frontline town of Kostiantynivka, amid Russia's attack on Ukraine,in Donetsk region. Reuters 'They're really great when you need to fly into some kind of building, like a large shed or hangar, to have a look inside if there is something there with the ability to strike it straight away,' Oleksandr 'Skhid,' an FPV drone team commander in Ukraine's Achilles Strike Drone Regiment, told Kyiv Independent. 'The same goes for other types of cover, and flying in forested areas.' STORY CONTINUES BELOW THIS AD Many Experts have marvelled at the simplicity of the idea. As Dmytro Semkiv, an engineer working on the drones for Ukraine, told the Washington Post, sometimes 'genius ideas are really simple.' How are they being used by Russia in Ukraine? Russia is using these drones on an unprecedented scale in Ukraine. The drones have become exceedingly efficient in destroying Ukrainian positions and supply lines. Kyiv, thus far, has not been able to do much about them – especially when they are sent in large numbers used to overwhelm defensive forces. ' Russia started using fibre optic drones much before us, while we were still testing them. These drones can be used in places where we have to go lower than usual drones. We can even enter houses and look for targets inside,' Venia, a drone pilot with the 68th Jaeger Brigade, told BBC. 'We've started joking that maybe we should carry scissors to cut the cord,' says Serhii, the artilleryman. Results have been particularly devastating in the Kursk area. Russia 'had a huge advantage in Kursk due to the use of fibre-optic drones because they basically killed Ukraine's logistics,' one 24-year-old drone commander in Ukraine's 47th Brigade told the Washington Post. STORY CONTINUES BELOW THIS AD 'Our logistics just collapsed; fibre optic drones were monitoring all routes, leaving no way to deliver ammunition or provisions,' Dmytro, a Ukrainian medic fighting out of the Russian town of Sudzha, told Kyiv Independent. 'Traveling there was even worse than playing Russian roulette — because in this case, the revolver has five bullets and only one empty chamber.' But the attack isn't limited to the Kursk area alone. Rodynske in Ukraine's Donetsk region is being assailed by Russian drones. As per BBC, Ukrainian soldiers say that such drones remain over the targets for hours – just waiting until the perfect opportunity comes along to strike. 'When you enter a position, you don't know whether you've been spotted or not. And if you have been spotted, then you may already be living the last hours of your life,' says Oles, Chief Sergeant of the reconnaissance unit of the 5th Assault Brigade in Rodynske told the outlet. Experts say it remains unknown what these drones and large scale-strikes cost Russia. STORY CONTINUES BELOW THIS AD 'The cost of these large strikes is quite difficult to estimate in the open-source because Russia goes to great lengths to obfuscate the cost of the missiles and drones,' Angelica Evans, a Russia analyst with the Institute for the Study of War (ISW), told Kyiv Independent. A serviceman of the 14th Assault Brigade Chervona Kalyna of the Ukrainian National Guard launches a Leleka reconnaissance unmanned aerial vehicle (UAV) for flying over positions of Russian troops, amid Russia's attack on Ukraine, near the frontline town of Pokrovsk in Donetsk region, Ukraine. Reuters 'Particularly with the onset of western sanctions and Russia's many sanctions evasion schemes, it's difficult to know how much all of the various components in the projectiles really cost, let alone the cost of production itself.' Ukraine is now racing to catch up with Russia. 'We haven't completely figured out fibre optic yet,' Skhid told Kyiv Independent. 'We have several different manufacturers, we are testing them continuously, we don't have a simple workflow.' 'This (2025) will be the year of fibre optic,' Kyrylo Veres, a prominent Ukrainian officer and commander of K-2, another one of the military's top drone regiments, predicted in March. 'But at the moment, it's being used effectively by about one in 10 Ukrainian drone units. When we reach a point where nine out of 10 are using it, and the rest are quickly catching up, then we will see some serious results.' STORY CONTINUES BELOW THIS AD With inputs from agencies
Mint
5 days ago
- Business
- Mint
Small-cap FMCG stock GRM Overseas edges higher despite weak trends on Dalal Street; here's why
Small-cap FMCG stock GRM Overseas inched a little higher in Thursday's trading session after announced its March quarter results and converted 13,52,000 warrants into equity shares on preferential basis. At 2:00pm, GRM Overseas share price touched an intraday high to ₹ 297.95 apiece, against previous close at ₹ 295.15 on Wednesday. The FMCG stock has performed exceptionally well in last one year, almost doubling investors wealth. GRM Overseas share delivered multibagger returns by soaring over 115.37 per cent in a year. Meanwhile, the stock has ascended 48.27 per cent in terms of year-to-date. The FMCG company posted 51 per cent rise in its net profit quarter to quarter (QoQ) to ₹ 20.47 crore for the quarter ending on March 31, 2025 from ₹ 13.54 crore in the December quarter FY25. Whereas, the net profit declined 3.2 per cent on year-to-year basis from ₹ 21.16 crore in the same period a year ago. Revenue from operations also fell over by 28 per cent YoY to ₹ 291 crore in March 2025, as compared to ₹ 406 crore last year. On the other hand, total expenses for the March 2025 quarter also declined to ₹ 267.5 crore. In an exchange filing, the company further informed that the board has approved the conversion of 13,52,000 warrants into equity shares on preferential basis, worth ₹ 15,21,00,000. 'Approved the conversion of 13,52,000 (Thirteen Lakhs Fifty Two Thousand) convertible warrants into 13,52,000 (Thirteen Lakhs Fifty Two Thousand) equity shares of face value of Rs.2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 15,21,00,000/- (Rupees Fifteen Crores Twenty One Lakhs only) at the rate of Rs. 112.5 (Rupees One Hundred Twelve and Paisa Fifty Only) per warrant,' GRM Overseas said in the filing. It further added, 'Consequent to this conversion of warrants/allotment of Equity Shares, 77,18,000 warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 112.5 per warrant within 18 months from the date of warrant allotment.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
News18
7 days ago
- Business
- News18
Info Edge Final Dividend 2025: Naukri.Com Parent Declares Rs 3.60 Cash Reward, Check Record Date
Last Updated: Info Edge Final Dividend 2025: Info Edge board earlier announced 1:5 stock split with record date on May 07, 2025. Info Edge Final Dividend 2025: Sanjiv Bikhchandani-led Info Edge, the parent of Naukri and Jeevansaathi platforms, has recommended a final dividend of Rs 3.60 per equity share for the financial year ended March 31, 2025, subject to declaration of the same by the members at the 30th Annual General Meeting of the Company. The Company has fixed Friday, July 25, 2025 as the Record Date for determining the entitlement of Members for the proposed Final Dividend. The dividend if approved, by the Members at the Annual General Meeting, would be paid, subject to deduction of tax at source on or after September 2, 2025. On Tuesday, shares of Info Edge fell 1.47 per cent to Rs 1451.60 apiece at the time of writing this report. Info Edge Q4 FY25 Results Info Edge on Tuesday reported that its revenue from operations stood at Rs 687 crore in Q4 FY25, up 12.96 per cent year-on-year from Rs 608 crore in Q4 FY24. Total income of the company also increased 12.39 per cent YoY to Rs 765 crore in Q4 FY25, against Rs 681 crore in Q4 FY24. The company's EBITDA grew by 5 per cent yoy to Rs 332 crore, against Rs 315 crore in Q4 FY24. EBITDA margin, however, experienced a major fall about -343 bps to 48.35 per cent in Q4 FY25, against 51.78 per cent from Q4 FY24. EPS grew 20.49 per cent to Rs 3.49 in Q4 FY25 against Rs 3.27 in Q4 FY24. EPS is adjusted post-stock split (Rs 2 face value). Likewise, net profit margin also jumped 245 bps to 37.12 per cent in Q4 FY25, as compared to 34.67 per cent in the corresponding quarter of the previous fiscal year. Info Edge board earlier announced 1:5 stock split with record date on May 07, 2025. Info Edge in an exchange filing on February 5 had said, '… We wish to inform you that the Board of Directors of the Company at their meeting held today i.e., on Wednesday, February 5, 2025, have inter alia considered and approved sub-division/split of the existing 1 (one) equity share of the Company having face value of ₹10/- (Rupees Ten only) each fully paid- up, into 5 (five) equity shares having face value of ₹2/- (Rupees Two only) each, fully paid- up, by alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of the shareholders by way of Postal Ballot and any regulatory/ statutory approvals, as may be required under applicable laws," 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.
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Business Standard
7 days ago
- Business
- Business Standard
Olectra Greentech shares tank 12% in trade; What is rattling investors?
Olectra Greentech share price slumped 12 per cent in trade on Tuesday, May 27, 2025, logging an intraday low at ₹1,180 per share on BSE. At 12:07 PM, Olectra Greentech shares were down 5.89 per cent at ₹1,266.05 per share on the BSE. In comparison, the BSE Sensex was down 0.18 per cent at 82,024.78. The market capitalisation of the company stood at ₹10,391.83 crore. The 52-week high of the stock was at ₹1,960 per share and the 52-week low of the stock was at ₹973.65 per share. In the past one year, Olectra Greentech shares lost 26 per cent as compared to Sensex's rise of 9 per cent. Olectra Greentech Q4 results 2025 The company released its March quarter (Q4FY25) earnings on Monday, after market hours. The electric bus manufacturer reported a consolidated net profit of ₹20.68 crore, up 38 per cent year-on-year (Y-o-Y), from ₹14.9 crore in Q4FY24. However, on a quarter-on-quarter (Q-o-Q) basis the net profit slipped 56 per cent from ₹46.61 crore in Q3FY25. The company's revenue from operations rose 55 per cent Y-o-Y to ₹448.91 crore, from ₹288.8 crore a year ago. On a Q-o-Q basis, the revenue fell 13 per cent from ₹515 crore in Q3. Olectra Greentech dividend The company's board recommended a dividend of ₹0.4 (10 per cent) per equity share of ₹4 each for the financial year 2024-25. "The board of directors of the company in their meeting held on May 26, 2025, have recommended the final dividend at the rate of 10 per cent (i.e. ₹0.40/- only) per equity share of ₹4.00/- (Rupees Four only) each fully paid-up, subject to approval of the shareholders of the company, which if approved, shall be paid within thirty days from the conclusion of the Annual General Meeting of the company," the filing read. Olectra Greentech order cancelled Reports suggest that Maharashtra's Transport Minister, Pratap Sarnaik directed officials to cancel the tender order awarded to the company for failing to meet delivery timelines. In his 'X' post the minister without naming the company said the company has been inactive in supplying 5,150 leased electric buses and the meeting is directed at taking action to cancel the tender contract signed by ST Corporation with the company. He added: A revised schedule was given to the concerned bus supplier organization to supply 1,000 buses by May 22. But it was not possible to supply a single bus to the concerned company till this period. Therefore, there is doubt about the supply of buses by this organization in the future. ???? २६ मे २०२५ | ????मुंबई भाडेतत्त्वावरील इलेक्ट्रिक बस करार रद्द करा ५१५० भाडेतत्त्वावरील इलेक्ट्रिक बस पुरवठा करण्यात संबंधित कंपनी निष्क्रिय ठरली असून या कंपनीसोबत एसटी महामंडळाने केलेला निविदा करार रद्द करण्याबाबत कारवाई करावी असे निर्देश बैठकीत दिले. आज एस. टी. महामंडळाच्या… — Pratap Baburao Sarnaik (@PratapSarnaik) May 26, 2025 About Olectra Greentech Olectra Greentech Ltd. is a prominent player in India's EV sector, specialising in the production of electric buses and related infrastructure.
