Please Find Attached Announcement under Reg 30 SEBI (LODR) Regulations,2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceenik Exports sold its office property at Peninsula Tower 1, Lower Parel, Mumbai to Silversands Trading Pvt. Ltd for Rs. 16.92 crore on October 18, 2024. Subsequently, on October 21, 2024, the company infused Rs. 17 crore into its derivatives business, with Rs. 16.92 crore coming from the property sale proceeds and Rs. 8 lakhs from internal accruals. The company states the capital infusion is aimed at strengthening and expanding its derivatives operations. The disclosure was filed under Regulation 30 of SEBI LODR Regulations, 2015, and signed by Managing Director Narain Nanik Hingorani.
The asset sale and reinvestment into the derivatives segment signals a strategic pivot or expansion in the trading/derivatives business. Shareholders should note the company's increased exposure to the derivatives segment, though the overall capital deployed is modest at Rs. 17 crore.