Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chandrima Mercantiles' Board, meeting on 19th May 2025, approved a stock split in the ratio of 1:10, reducing face value from Rs. 10 to Re. 1 per share (subject to shareholder approval; record date to be announced). The Board also approved audited financial results for Q4 and FY ending 31st March 2025. FY25 revenue from operations rose to Rs. 2,919.38 lakhs from Rs. 1,943.66 lakhs (up ~50%), while net profit jumped to Rs. 72.94 lakhs from Rs. 26.30 lakhs. However, Q4 FY25 standalone showed a net loss of Rs. 98.87 lakhs versus a profit of Rs. 236.09 lakhs in Q4 FY24. The Board appointed M/s. Jay Pandya & Associates as Secretarial Auditor for FY25 and M/s. U G B & Company as Internal Auditor for FY26.
The 1:10 stock split aims to improve liquidity and attract smaller retail investors, typically leading to short-term price adjustment but no change in overall value. FY25 profit growth is encouraging, but the Q4 loss warrants caution. Note that 2 crore preferential shares were already issued during the year, which has expanded the share capital base and diluted EPS.