Latest news with #ओमांशइंटरप्राइजेजलिमिटेड
India.com
a day ago
- Business
- India.com
This company shares to be in focus as board approves conversion 29,66,220 Warrants
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Man Infraconstruction Ltd, the Mumbai-based infrastructure and real estate company, are expected to be in the spotlight on Monday, 14 July, after the company announced a preferential allotment of 29.66 lakh equity shares through the conversion of warrants, amounting to ₹34.48 crore. Details of the Allotment The allotment, approved by the board's Allotment Committee on 11 July 2025, follows the exercise of rights by warrant holders who opted to convert their holdings into equity shares. Each warrant was converted at ₹116.25, which represents 75 per cent of the total issue price of ₹155 per warrant. The remaining 25 per cent was presumably paid at the time of initial issuance. Equity Share Details The equity shares, having a face value of ₹2 each, will rank pari-passu with the company's existing equity shares in all respects — including dividend eligibility and voting rights. Share Capital Now at ₹77.56 Crore Following this allotment, the subscribed and paid-up share capital of Man Infraconstruction has increased from Rs 76.96 crore to Rs 77.56 crore, comprising over 38.77 crore equity shares. The company also revealed that 1.85 crore convertible warrants remain outstanding, which can be converted into equity within 18 months from the original allotment date, with a further payment of Rs 116.25 per warrant. The funds raised through the warrant conversion are likely to bolster the company's balance sheet and working capital, given the capital-intensive nature of its business which spans engineering, procurement and construction (EPC) in ports, real estate, and urban infrastructure. Man Infraconstruction has emerged as a multibagger stock, posting a remarkable 1384.11 per cent return over the past five years. This makes it one of the standout performers in India's mid-cap real estate space. Despite some short-term volatility — the stock fell 1.57 per cent to close at ₹182.10 on the BSE on Friday — it remains up 25.28 per cent for the current quarter. The stock, however, has corrected 9.54 per cent over the past year, possibly due to profit-booking and broader market weakness.
India.com
6 days ago
- Business
- India.com
PC Jeweller's board to meet on THIS date to consider fundraising, check key details here
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल New Delhi: PC Jeweller, which is engaged in the business of manufacturing, selling, and trading gold jewellery, diamond-studded jewellery, and silver items, has informed the exchanges that its board will meet on 10 July 2025 to consider and approve its fundraising move. 'A meeting of the Board of Directors of the company will be held on Thursday, 10 July 2025, inter-alia, to consider and approve the raising of funds through the issuance of securities by way of preferential allotment subject to the receipt of necessary shareholders', regulatory, statutory and other applicable approvals, if any, and determination of the issue price,' the filing reads. Meanwhile, the stock fell 8.70 per cent a day after it gained 11.8 per cent, driven by the company's strong business update for the first quarter of the financial year 2025-26. The stock started the session in green at Rs 18.79 against the previous close of Rs 18.72 on the BSE. However, it fell 8.70 per cent amid profit booking and touched the intraday low of Rs 17.09. Last seen, it was trading at Rs 17.31 on the BSE with a dip of 7.53 per cent. Additional Surveillance Measure Meanwhile, both the BSE and the National Stock Exchange (NSE) have placed the stock under the Short Term Additional Surveillance Measure Stage I (ST ASM-1) framework. PC Jeweller clocks 80 percent revenue growth in Q1 PC Jeweller Ltd has reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt-free this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing, PC Jeweller informed that the company closed the April-June quarter on a very strong note, clocking a robust performance. 'Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent, as compared to the corresponding quarter of the previous financial year,' PC Jeweller said. With PTI inputs
