Latest news with #ODR
Mint
2 days ago
- Business
- Mint
More complaints pending with Sebi than it resolved last month, reveals latest SCORES data
When investors encounter any problem relating to stock markets or a listed company, they can first approach the entity concerned. Later, when the problem does not get resolved, they can file a complaint with SCORES, which is online grievance redressal platform provided by the capital markets regulator Sebi. The regulator recently shared the latest data with regards to the number of complaints that were resolved and pending at the end of June 2025. The data reveals that there are 5,107 pending complaints in comparison to 4,563 that were pending a month ago. This means an increase of 11.9 percent in the number of complaints filed. Particulars Data Complaints pending on May 31 4,563 Complaints received during June 4,959 Pending on June 30, 2025 5,107 Complaints disposed during June 2025 4,415 Average resolution time (in days) ATR 8 Complaints disposed during June stand at 4,415 which is 10 percent less than the number of complaints received (4,959) during this time. Additionally, average resolution time in the number of days for issuing action taken report (ATR) stood at eight days in June, reveals Sebi data. 1. Complaints are automatically forwarded to entity which is given 21 days to submit the action taken report (ATR) to investor. 2. Investor can opt for the first-level review within 15 days if not satisfied with the ATR. The complaint is shown in the pending list for 15 days despite ATR is submitted by entity. 3. If investor does not opt for review, the complaint is disposed off. If investor opts for first-level review, the designated body will take up the complaint and submit action taken report. 4. Now, the investor will have a time of 15 days to opt for second level review if not satisfied with the ATR submitted by designated body. The complaint is shown in pending list for 15 days despite ATR is submitted by Designated Body. 5. Now, when the investor does not go for the review, the complaint is then disposed. 6. However, if investor now goes for the second level review, the SEBI will take up the complaint and submit action taken report. 7. Complaint is also treated as disposed if the investor opts for Online Disputes Redressal (ODR) mechanism. For all personal finance updates, visit here
Yahoo
10-07-2025
- Business
- Yahoo
With acquisition, Limbach pushes into long-term facility services
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Pennsylvania-based Limbach Holdings extended a move into long-term service contracts by acquiring Minnesota-based mechanical contractor Pioneer Power, Inc., earlier this month for $66 million. Limbach specializes in developing and upgrading HVAC, plumbing and other facility infrastructure projects. With the acquisition, it's building on a shift since going public in 2021 to add more owner-direct relationships business to its portfolio. ODR business typically involves ongoing maintenance and repair work for facilities as part of longer term contracts. 'It aligns well with our strategic shift towards prioritizing ODR,' said Michael McCann, Limbach's president and CEO. The move into more ODR business enables Limbach to tap into an expanding profit area, says Valens Research. 'Over time, they expand the scope of services they take on for clients by cross-selling additional offerings and completing projects like equipment replacement,' Valens Research Chief Investment Strategist Joel Litman and Director of Research Rob Spivey say in their analysis. The majority of Pioneer Power's revenue comes from time and materials contracts, and small capital project work focused on maintenance, renovation and retrofit activity, according to Limbach. Pioneer's scope of work includes capital projects, facility expansions, renovations and retrofits, and recurring industrial maintenance services. It primarily operates in the upper Midwest. With the acquisition, Limbach is building on capabilities it acquired in its 2024 purchase of Consolidated Mechanical, which provides mechanical, millwright, steel fabrication, plumbing, maintenance and outage services in Kentucky, Michigan and Illinois. That deal was for $23 million. Under ODR contracts, Limbach works directly with building owners to provide facility services over extended periods — typically five to 10 years.
Yahoo
03-07-2025
- Business
- Yahoo
5 Must-Read Analyst Questions From Limbach's Q1 Earnings Call
Limbach's first quarter performance was met with a positive market reaction, reflecting the company's ability to outperform Wall Street expectations on both revenue and adjusted profits. Management attributed the robust results to the ongoing shift towards owner-direct relationships, with the Owner Direct Relationship (ODR) segment now making up nearly 68% of revenue. CEO Michael McCann highlighted the company's focus on building long-term partnerships with customers, particularly in the healthcare sector, which benefited from rising demand for deferred maintenance and infrastructure upgrades. McCann also noted the impact of recent investments in sales personnel, stating, 'This investment is an important step in the continued evolution of our relationship with our customers.' Is now the time to buy LMB? Find out in our full research report (it's free). Revenue: $133.1 million vs analyst estimates of $121.1 million (11.9% year-on-year growth, 10% beat) Adjusted EPS: $1.12 vs analyst estimates of $0.43 (significant beat) Adjusted EBITDA: $14.87 million vs analyst estimates of $10.34 million (11.2% margin, 43.8% beat) The company reconfirmed its revenue guidance for the full year of $620 million at the midpoint EBITDA guidance for the full year is $80 million at the midpoint, above analyst estimates of $78.6 million Operating Margin: 6.3%, in line with the same quarter last year Market Capitalization: $1.58 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Rob Brown (Lake Street Capital): Brown asked about the healthcare vertical's rebound and how deferred maintenance is impacting project activity. CEO Michael McCann described a 'slow ramp up' as hospitals prioritize long-term capital planning, supported by stable demand. Rob Brown (Lake Street Capital): Brown also questioned the effect of tariffs and whether project pull-forwards pose a risk. McCann stated that tariffs have been neutral so far, with the company's nimble model allowing quick cost pass-through and rapid project cycles. Chris Moore (CJS Securities): Moore inquired about the criteria for assigning account managers to ODR clients and the process for developing deep partnerships. McCann explained that account managers are deployed after careful analysis of client potential, with a focus on scaling local relationships to national accounts. Gerry Sweeney (ROTH Capital Partners): Sweeney sought details about the ramp-up and integration of new sales hires. McCann indicated that most new hires are onsite account managers, with a typical ramp dependent on client type and sales role. Brian Brophy (Stifel): Brophy asked if the acceleration seen in March was above normal seasonality and about recent industry disruptions. McCann attributed the uptick to both seasonality and the impact of new sales personnel, while noting that equipment transitions from regulatory changes can create decision points for customers. Looking forward, our analysts will be watching (1) the pace of ODR revenue growth and the ability to increase its share of total sales, (2) the effectiveness of new sales hires in winning recurring and higher-margin business, and (3) progress on geographic expansion through both acquisitions and organic growth. Additionally, integration success of recent acquisitions and responsiveness to tariff or input cost volatility will be key markers of execution. Limbach currently trades at $136.63, up from $103.13 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Mint
30-06-2025
- Business
- Mint
Private firms to join govt ‘panacea for small biz disputes'
New Delhi: Two private online dispute resolution (ODR) companies—Mumbai-based Presolv360 and Hyderabad-based Amika Arbitration and Mediation Centre—are likely to enroll as service providers on the government's new ODR portal, they said, fuelling hopes of swift, out-of-court resolution of disputes. The portal was launched on 27 June to cater to micro and small enterprises that are the worst hit by delayed payment disputes. These disputes occur when these enterprises do not receive payments for over 45 days for goods and services sold to large businesses. The portal was launched by the ministry of micro, small and medium enterprises (MSME). As per provisions of the MSME Development Act, 2006, MSEs need to raise a complaint with facilitation councils (MSEFC), government bodies that can either resolve the issue themselves or delegate it to a private firm providing the same service. The new MSME portal, for the first time, allows private ODR firms to be empanelled in a move that aims to cut delays. "Presolv360 will definitely be planning to get empanelled in the entire ecosystem," said Krunal Modi, co-founder and chief of staff at the firms that has overseen 350,000-400,000 dispute resolutions since its launch in 2019. "We have already been empanelled under the Sebi ecosystem. And this is also a great space for Presolv360 to get empanelled into and we will be undertaking that process in due course," Modi said. Sebi ecosystem refers to an online dispute resolution platform named SmartODR created by the capital markets watchdog Securities and Exchange Board of India in July 2023. The move is likely to enhance the caseload of these online dispute resolution firms, as small businesses prefer using their services. As per the MSME Development Act, an MSE failitation council (MSEFC) under Section 18 of the Act, a facilitation can request the services of an institution that provides alternative dispute resolution (ADR). ADR refers to any dispute resolution that takes place outside courts. It includes procedures such as arbitration, mediation, and conciliation, where parties can resolve their issues speedily. Micro and small enterprises are likely to go to facilitation councils and independent ODR firms for dispute resolution as they operate on lower capital, and cannot necessarily afford litigation or long-drawn arbitrations, experts said. MSME delayed payment disputes commonly range in valuation from ₹ 5 lakh to ₹ 5 crore, said Modi of Presolv360. Additionally, delays and capacity crunches in facilitation councils only led to MSEs seeking litigation instead of state-run services. These facilitation councils were set up in 2017. Each state was given the responsibility to set up such councils. There are 161 such councils in the country. Over 242,000 applications have been filed by MSEs with facilitation councils, but nearly a fourth of them are yet to be viewed by a council. About 68,000 grievances have also rejected by the councils, data by the MSME ministry showed. The MSME ministry's ODR portal, launched under the World Bank-backed Raising and Accelerating MSME Performance (RAMP) scheme, is expected to be the panacea to these delays, according to ODR experts. "This entire initiative coupled with the public-private partnership would really boost MSME growth because in a lot of disputes, a lot of money that is caught up in the delayed payment disputes will be freed up," said Modi. As per data from the MSME ministry's Samadhaan portal for delayed payments, complaints from MSEs since 2017 have been worth more than ₹ 27,000 crore, while facilitation council dispute resolution has managed to resolve cases worth approximately ₹ 7,800 crore, less than a third of the total payable amount. Hyderabad-based Amika Arbitration and Mediation Centre is also planning to get empanelled on the MSME ODR portal, said its registrar P. Madhava Rao. "We have begun the process of getting empanelled onto the portal," he told Mint. The firm, which has handled 26 MSME arbitrations and nearly 300 mediations in the last three years, has faced some difficulties in the procedure. Rao said, "It appears that the Indian government did not consult with all of the country's ADR institutions before creating the website, and neither was any letter issued to all asking them to get empanelled. Many people are unaware of the empanelment circular released in April 2025." On 2 April 2025, the MSME ministry notified guidelines for empanelment of ADR/ODR firms on its portal during the testing phase. MSE facilitation councils are run by state governments, under powers granted by a central legislation, said Rao. But this is likely to create a conflict of interest, as a considerable volume of delayed payment disputes are between MSEs and governments or government agencies and ministries. "This underscores the need for an impartial system of dispute resolution for MSEs at affordable rates, or in some cases, even pro bono services," he said. Mint earlier reported on 23 April that some MSEs had started opting for litigation over these state-run facilitation councils due to a lack of enforcement and delays in awards.
Mint
20-06-2025
- Business
- Mint
Centre to launch online MSME dispute resolution portal on 27 June
NEW DELHI : The government is set to launch an online dispute resolution (ODR platform for small businesses to improve their ease of doing business on 27 June, according to two officials directly aware of the development. 'The MSME ODR portal has been tested, and dispute resolution using the portal has also begun during the testing phase," said one of the officials on the condition of anonymity. The portal, a part of the government's World Bank-supported Raising and Accelerating MSME Performance (RAMP) scheme, is aimed at resolving delayed payment disputes by facilitating communication between debtors and micro and small enterprises (MSEs), said the second official. Also Read: Bank loan sanctions to MSMEs for job creation down nearly a third in FY25 Mint first reported on 12 March that the government was going to digitize to dispute resolution for small businesses. So far, micro and small enterprises facilitation councils (MSEFCs) have resolved disputes, especially those related to delayed payments. As of the date, 161 councils have disposed of over 52,000 cases involving transactions worth ₹9,241 crore, out of nearly 100,000 such complaints by MSEs. Data on the micro, small, and medium enterprises (MSME) ministry's delayed payment monitoring system, Samadhaan portal, showed that more than 20 MSEFCs had not resolved a single case since their launch in 2017. The data also showed a wide variance in MSEFCs' actions. While 27 MSEFCs saw not even a single case, a few councils, such as MSEFC Mumbai, MSEFC Pune, and MSEFC Gandhinagar, resolved a considerable number of cases. MSEFC Mumbai resolved 4,625 matters involving about ₹750 crore out of the 7,756 cases it received. MSEFC Pune saw 6,956 complaints and resolved 5,271 of them, involving ₹223 crore. MSEFC Gandhinagar received 6,297 grievances and resolved 5,777 cases involving ₹809 crore, showed the data. 'As of the date, approximately 42% of the applications filed by MSEs are either yet to be viewed by MSEFCs or are at the consideration stage," said Krunal Modi, founding member and chief of staff, ODR platform Presolv360. 'One of the local MSEs recently shared with us that their first meeting was called by the concerned council after four months of filing the case. Additionally, our interactions with various MSEFCs have revealed that there is not only a manpower constraint but also a lack of physical infrastructure," he added. Also Read: MSMEs call for relaxations in the new FEMA regulations for exports and imports Under the procedure laid down in the MSME Development Act, 2006, micro and small businesses can approach these councils to seek payments from buyers that have been delayed longer than 45 days. Private mediators Interestingly, the new portal will allow private ODR service providers to be empanelled, putting into motion a key provision in the Act allowing MSEFCs to delegate cases to private institutions. As per the powers given to an MSEFC under Section 18 of the Act, an MSEFC can either conduct arbitration and conciliation proceedings in cases filed or provide assistance to any institution that provides alternative dispute resolution services. Alternative dispute resolution refers to any dispute resolution that takes place beyond courts. It includes procedures such as arbitration, mediation, and conciliation, where parties can resolve their issues speedily. Independent or private institutions providing ODR services shall only provide services through the new portal, as stated in the 2 April guidelines for appointment of such firms. The guidelines said these institutions should maintain a panel of arbitrators, mediators, and conciliators to resolve disputes on the portal. MSEFCs are created and operated by state or Union territory governments, as per the MSME Development Act. These states will have to enter into agreements with private ODR service providers after seeking information related to their operations. State governments will gather information related to the private ODR firms' incorporation, as well as about fees charged, the number of disputes resolved through arbitration, mediation, or conciliation, the guidelines said. More needs to be done However, the model followed by MSEFCs may not follow a key principle of arbitration—party autonomy, according to experts. 'The ADR procedure laid down in the Act has an element of conflict of interest, where the MSEFC can itself refer the matter for arbitration without mutual consent of the parties. Also, there is no bar for the conciliator or mediator sitting as an arbitrator," said P. Madhava Rao, registrar at Hyderabad's Amika Arbitration and Mediation Council, which provides ODR services. Also Read: MSME makeover: New definitions unlock bigger benefits, faster resolutions 'The main obstacle in the MSEFC ecosystem is the delay in resolving grievances and the presence of conflicts of interest," Rao added. States will also have to ensure that the dispute resolution personnel from private ODR firms abide by the MSME Development Act and the Arbitration & Conciliation Act, 1996. The Arbitration & Conciliation Act is currently undergoing reform, with the Union ministry of law and justice pushing for more institutional arbitration, Mint reported on 18 October 2024.
