REC intimates on Subsidiary incorporation
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Time of India
2 hours ago
- Time of India
BEML shares trade 2% higher on stock split hopes ahead of board meet
BEML shares were in focus during Monday's trade, rising 1.68% to Rs 4,499 ahead of the July 21 board meeting, where a stock split proposal is set to be considered. The company's market capitalization currently stands at Rs 18,739 crore. The stock has been a strong performer over the past three months, delivering an impressive 49% rally. It has a 52-week high of Rs 5,205 and a low of Rs 2,346, reflecting a wide trading range over the past year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 10 Books The Wealthiest People in the World Read That Poor People Never Open Blinkist Learn More Undo Investors are closely watching the upcoming board meeting scheduled for Monday, July 21, 2025, where the company will consider a stock split under Section 61(1)(d) of the Companies Act, 2013. In light of this, the trading window—closed since July 1, 2025—will remain shut until 48 hours after the declaration of financial results. Technical Outlook On the technical front, BEML's 14-day Relative Strength Index (RSI) stands at 51.9, indicating a neutral zone—neither oversold (below 30) nor overbought (above 70). This suggests there may be room for further upside if buying interest continues. Live Events From a moving averages perspective, the stock is displaying sustained strength. BEML is trading above 7 out of 8 key Simple Moving Averages (SMAs), including all from the 10-day to the 200-day SMA. It is currently just below the 5-day SMA, indicating minor short-term consolidation within an otherwise bullish setup. With a strong price rally, solid technical indicators, and a major corporate action on the horizon, BEML remains a stock to watch closely in the coming sessions.
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Business Standard
3 hours ago
- Business Standard
BEML share price pops over 2% as board to consider stock-split on July 21
BEML share price popped after the company announced that it will consider sub-division / split of equity shares (stock-split) on July 21, 2025. SI Reporter New Delhi BEML share price: BEML share price rose in a weak market, with the stock rising as much as 2.32 per cent to an intraday high of ₹4,528.90 per share. At 9:45 AM, BEML share price was off day's high, but continued to trade 1 per cent higher at ₹4,470. In comparison, BSE Sensex was trading 0.3 per cent lower at 82,237.62 levels. Why did BEML share price rise today? BEML share price popped after the company announced that it will consider sub-division / split of equity shares (stock-split) on July 21, 2025. BEML, via an exchange filing said, 'We hereby intimate that a Board Meeting of BEML Limited will be held on Monday, the July 21, 2025, inter-alia, to …sub-division / split of equity shares of the company pursuant to the provisions of section 61(1)(d) of the Companies Act, 2013.' A stock-split involves dividing existing shares into smaller units, increasing the number of shares without altering the overall value. BEML Q4 results BEML reported a 11.97 per cent year-on-year (Y-o-Y) rise in its profit after tax (PAT) at ₹287.55 crore for the fourth quarter of financial year 2024-25 (Q4FY25), up from ₹256.80 crore in the same period last year (Q4FY24). The public sector undertaking's (PSU) revenue from operations grew 9.18 per cent Y-o-Y to ₹1,652.53 crore in Q4FY25, compared to ₹1,513.65 crore in Q4FY24. Total income for the quarter stood at ₹1,656.67 crore, marking a 9 per cent increase from ₹1,518.52 crore a year ago. Total expenses rose 9 per cent Y-o-Y to ₹1,261.37 crore in the quarter, against ₹1,170.57 crore in the corresponding period last year. About BEML BEML Limited, formerly known as Bharat Earth Movers Limited, is an Indian public sector undertaking established in May 1964 and headquartered in Bengaluru. The company is a key player in India's infrastructure and defence sectors, manufacturing heavy equipment for mining, construction, defense, and rail & metro applications. It operates through three core business verticals, Defence and Aerospace, Mining and Construction, and Rail and Metro. BEML has four major manufacturing facilities located in Bangalore, Kolar Gold Fields (KGF), Mysuru, and Palakkad, supporting its wide-ranging production capabilities. The company's product portfolio includes dozers, dumpers, excavators, and shovels for mining and construction, ground support equipment for the defense sector, and rail coaches and metro cars for urban transportation. The market capitalisation of BEML is ₹18,652.99 crore, according to BSE. The company falls under the BSE 500 index category.
Time of India
a day ago
- Time of India
Gujarat high court quashes criminal complaint against company for defaulting on CSR responsibilities
Ahmedabad: The Gujarat high court quashed a criminal complaint filed by the registrar of companies (ROC) against a company on charges of non-compliance with corporate social responsibility (CSR) rules, specifically for inadequate disclosure and under-expenditure on CSR activities. Acknowledging the shift in legislative approach, the HC quashed the complaint and referred the issue to the adjudicating authority to fix the penalty on the company. This decision came after the central govt in 2020 amended the Companies Act, decriminalising the offence and reducing the punishment to a fine. In this case, the ROC filed a complaint under the Companies Act in a city court in 2017 against KHS Machinery Pvt Ltd for defaulting on its CSR obligations for the financial year 2014-15. The principal district judge initiated proceedings against the company. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad The company approached the HC in 2017, alleging that the ROC filed the complaint "with an ulterior motive and in abuse of the process of law". The company contended that it constituted a CSR committee and framed its own CSR policy in accordance with the statutory mandate. In line with its CSR obligations, the company began spending amounts towards social causes as stipulated in its CSR policy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Các chỉ số toàn cầu đang biến động — Đã đến lúc giao dịch! IC Markets Tìm hiểu thêm Undo All relevant disclosures were duly made in the Board of Directors' Report in compliance with Section 134(3)(o) of the Companies Act. Still, the ROC filed the complaint. The quashing petition was pending since 2017. When it came up for hearing, the company contended that the case pertained to Section 134(8) of the Companies Act and the said offence was decriminalised in 2020, with the punishment reduced to a fine. It prayed that the benefit of reduction in punishment should be given with retrospective effect. It also cited a Supreme Court order in this regard. After hearing the case, Justice J C Doshi quashed the complaint and ordered the issue to be sent to the authority concerned for fixing the penalty. The HC stated, "Evidently, the benefit of decriminalisation of the offence ought to ensure to the benefit of the petitioner, in as much as the Amendment Act passed by the central govt has decriminalised the punishment in cases pertaining to CSR violations and reduced the consequences to the imposition of a fine only. There appears to be no justifiable reason to deny the retrospective benefit of such decriminalisation to the petitioner–accused."
