Latest news with #BoardofDirectors
Mint
a day ago
- Business
- Mint
Renewable energy stock to be in focus on Monday; here's why
Servotech Renewable Power System share price will be in focus on Monday after the company announced the conversion of 10,00,000 warrants into an equal number of equity shares. The company said it has allotted 10 lakh equity shares of face value Re 1 each at an issue price of ₹ 83.40 per share — including a premium of Re 82.40 — to Coeus Global Opportunities Fund. The allotment was made after receiving a total of ₹ 6.25 crore, at ₹ 62.55 per warrant, which is 75% of the issue price. The allotment was approved by the Sub-Committee of the Board of Directors at its meeting held on Friday, June 27, 2025. This is part of a larger allotment of 89 lakh warrants issued on January 6, 2024, on a preferential basis to non-promoters under the public category. Following the latest conversion, Coeus Global Opportunities Fund has increased its stake in the company from 10 lakh shares, or 0.44% stake, to 20 lakh shares, now holding a 0.88% equity stake in Servotech Renewable Power System. As a result of this allotment, the company's issued, subscribed, and paid-up share capital has risen from ₹ 22.48 crore to ₹ 22.58 crore. Servotech Renewable Power System is involved in the business of renewable energy solutions, and the company has recently been in the spotlight due to its capital-raising initiatives and ongoing growth in the green energy segment. The renewable energy stock could react to this development when the Indian stock market opens on Monday. Servotech Renewable Power System share price has rallied over 21% in one month, and gained 19% in the past three months. Over the past one year, Servotech Renewable shares surged 67%, while the smallcap stock has delivered multibagger returns of 2,300% in three years. On Friday, Servotech Renewable Power System share price ended 0.04% lower at ₹ 147.50 apiece on the NSE. 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.
Sharjah 24
2 days ago
- General
- Sharjah 24
Shakhboot bin Nahyan attends ENS graduation ceremony
This year's graduating cohort includes 664 students, celebrated in a ceremony held in Abu Dhabi. Attendees The event was attended by several high-ranking officials, including Ahmed Mohammed Al Hamiri, Secretary-General of the Presidential Court and Chairman of the Board of Directors of Emirates National Schools; Ahmed Juma Al Zaabi, Adviser to the UAE President; Mohammed Abdullah Al Junaibi, Chairman of the Federal Authority for Protocol and Strategic Narrative; other senior officials. Short film The ceremony featured a short film chronicling the journey and achievements of Emirates National Schools, highlighting its status as a leading educational institution both locally and internationally. Appreciation and gratitude Al Hamiri expressed his deep appreciation to President His Highness Sheikh Mohamed bin Zayed Al Nahyan, for his continuous commitment to advancing the national education system. He also extended gratitude to His Highness Sheikh Mansour bin Zayed for his generous patronage, which has significantly contributed to establishing Emirates National Schools as a pioneering national model. 'The unwavering support has played a crucial role in shaping a generation that is not only proud of its national identity and core values but also fully equipped to meet the demands of the knowledge era,' Al Hamiri said. He also pointed to several recent strategic developments within the schools, including the establishment of Technical and Vocational Training Centres and other scholarships. He also emphasised the creation of an exceptional learning environment, backed by globally qualified academic and administrative staff, state-of-the-art infrastructure, and active partnerships with parents and community institutions.
India.com
2 days ago
- Business
- India.com
THIS Man Will Now Lead Sunjay Kapur's Rs 30,000 Crore Empire— Not Karishma Kapoor,Priya Sachdev, His Children Or Sister
photoDetails english 2923131 After the sudden passing of industrialist Sunjay Kapur, Sona Comstar—the Rs 30,000 crore automotive tech company he led—has named a new chairperson. Surprisingly, it's not his ex-wife Karisma Kapoor, his current wife Priya Sachdev, or any of his children or family members. The company has officially appointed Jeffrey Mark Overly, an Independent Director since 2021, as the new Chairperson. Updated:Jun 27, 2025, 04:22 PM IST Sunjay Kapur's Sudden Death 1 / 8 Sunjay Kapur, Chairman of Sona BLW Precision Forgings Ltd—popularly known as Sona Comstar—passed away on June 12 while playing a polo match in England. The 53-year-old industrialist reportedly suffered a heart attack during the game. His untimely death left behind a huge leadership gap in the company he built and nurtured. The final rites were performed at the Lodhi Road cremation ground in Delhi. Who Will Lead Now? 2 / 8 With Sunjay's sudden passing, speculation grew around who would now take over the reins of his ₹30,000 crore empire. Many expected a family member—perhaps his ex-wife Karisma Kapoor, his sister, his current wife Priya Sachdev, or even one of his children—to step in. But Sona Comstar took a different route and handed over leadership to someone else entirely. Company Announces Jeffrey Mark Overly as New Chairperson 3 / 8 On June 23, Sona Comstar made an official announcement through a stock exchange filing. It stated, 'The Board of Directors of the Company appointed Mr. Jeffrey Mark Overly as the Chairperson of the Board of Directors of the Company.' Jeffrey had been serving as an Independent Director on the board since February 12, 2021. His re-appointment for a second five-year term (till February 11, 2031) was approved by the board in April and awaits shareholder approval. A Leader with Global Experience & Trusted Insight 4 / 8 Jeffrey Mark Overly wasn't just a silent member of the board—he played an active role in guiding Sona Comstar's decisions. Despite working from a different time zone, he attended all board and committee meetings and contributed meaningfully to key discussions. His consistent involvement and deep understanding of the company's vision made him the natural choice to step into the chairman's role. Who is Jeffrey Mark Overly? 5 / 8 Jeffrey brings with him over four decades of global operational experience. He earned a Bachelor of Science in Industrial Management from the University of Cincinnati and a Master's degree in Business from Central Michigan University. Professionally, he served as an Operating Partner in Blackstone's Corporate Private Equity Group in New York. Before that, he was Vice President of Global Fixture Operations at Kohler Company and held senior roles in engineering and operations at General Motors and Delphi Corporation for over 25 years. About Sona Comstar – A Global Auto-Tech Powerhouse 6 / 8 Sona BLW Precision Forgings Ltd (Sona Comstar), founded in 1995, is headquartered in Gurugram and has a global presence with operations in the USA, Mexico, Serbia, and China. As of June 22, 2025, the company is valued at around ₹30,000 crore. Known for its innovation in the auto-tech sector, Sona Comstar specializes in manufacturing and R&D for electric mobility and precision components. Company to Continue Sunjay Kapur's Vision 7 / 8 Despite Sunjay's absence, the company remains committed to his long-term vision. Under Jeffrey Overly's leadership, Sona Comstar aims to continue its focus on expanding in electric vehicle components and other cutting-edge technologies. The appointment reflects a commitment to stable, experienced leadership during this transition phase. A Legacy Beyond Business 8 / 8 Sunjay Kapur's legacy isn't limited to boardrooms. He was widely known as the ex-husband of Bollywood actress Karisma Kapoor, with whom he shared two children. He later married Priya Sachdev and had a son with her. Even with his high-profile personal life, Sunjay chose to remain a private individual in his business affairs—quietly building one of India's most valuable automotive technology companies. His passing marks the end of an era, but his legacy will now continue through professional stewardship. (Images credit: englandgifmeme/X, @sbajpai2811/X, @Enter_tainment9, @shilpa_cn/X)
Time of India
2 days ago
- Business
- Time of India
Nestle India shares rally 4% this week as Street cheers 1:1 bonus announcement
Shares of Maggi-maker FMCG firm Nestle India have surged 3.7% this week to touch a high of Rs 2,453.95 on the BSE, uplifted by the positive sentiment around the company's announcement of its first-ever 1:1 bonus shares issue for the shareholders. The board of directors of Nestle India, on Thursday, approved a 1:1 bonus share issue for its shareholders, stating that the record date to determine shareholder eligibility will be announced at a later time. 'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' said Nestle in its regulatory filing. Nestle India has also announced that the bonus shares will be credited or dispatched to eligible shareholders within two months, i.e., on or before August 25, 2025. According to data available on Trendlyne, this marks the first-ever instance of Nestle India issuing bonus shares to its shareholders. What is a 1:1 bonus share issue? A 1:1 bonus share issue means that for every one share an investor already holds, they will receive one additional share for free. It is a way for a company to reward its shareholders by increasing the number of shares they own, without changing the overall value of their investment. While the total number of shares doubles, the stock price is adjusted accordingly, so the overall market value remains the same. This move increases liquidity and may signal the company's confidence in its future earnings. Around 10:15 am today, the shares of Nestle India were trading flat at Rs 2,439.30 on the BSE. Also read: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Nestle India shares rally 4% this week as Street cheers 1:1 bonus announcement
Shares of Maggi-maker FMCG firm Nestle India have surged 3.7% this week to touch a high of Rs 2,453.95 on the BSE, uplifted by the positive sentiment around the company's announcement of its first-ever 1:1 bonus shares issue for the shareholders. ADVERTISEMENT The board of directors of Nestle India, on Thursday, approved a 1:1 bonus share issue for its shareholders, stating that the record date to determine shareholder eligibility will be announced at a later time. 'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' said Nestle in its regulatory filing. Nestle India has also announced that the bonus shares will be credited or dispatched to eligible shareholders within two months, i.e., on or before August 25, to data available on Trendlyne, this marks the first-ever instance of Nestle India issuing bonus shares to its shareholders. ADVERTISEMENT A 1:1 bonus share issue means that for every one share an investor already holds, they will receive one additional share for free. It is a way for a company to reward its shareholders by increasing the number of shares they own, without changing the overall value of their the total number of shares doubles, the stock price is adjusted accordingly, so the overall market value remains the same. This move increases liquidity and may signal the company's confidence in its future earnings. ADVERTISEMENT Around 10:15 am today, the shares of Nestle India were trading flat at Rs 2,439.30 on the BSE. Also read: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
