Rights Issue Rs 50 Cr Approved; Q1 FY27 Results, Software Deals

Revenue Growth 20pctPat Growth 25pctRelated Party TransactionsResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+5.4% vs market

Other Electrical Equipment peers, median of 48sector+0.5%+4.4% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 4.4 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved a rights issue of equity shares up to Rs 50 crore to existing shareholders. Q1 FY27 revenue rose to Rs 55 lakh from Rs 6.70 lakh YoY, with profit after tax of Rs 52.40 lakh vs Rs 0.77 lakh. Company to acquire software rights for 'Ready Shopping' and 'Ready Pharmacy' from OCAL for Rs 53.99 lakh plus 0.5 percent revenue royalty. New CS and two Independent Directors appointed. Related party lease with DCPL approved.

Likely market impact

Rights issue may dilute existing shareholders; Q1 FY27 shows strong revenue and profit turnaround after prior losses.