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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved the unaudited Q1 FY26 results showing revenue from operations of Rs. 26.62 crore (up ~16% YoY from Rs. 22.97 crore) and net profit of Rs. 21.07 lakh versus Rs. 19.65 lakh in the same quarter last year, with EPS of Rs. 0.19. The Board cleared a strategic deal with South Korea's WSG Co. Limited, which includes a USD 1 million (~Rs. 8.65 crore) investment via 6,69,226 convertible warrants at Rs. 129.33 each, along with a technology license and machinery purchase agreement to manufacture Ultra High Purity (UHP) and titanium stainless steel tubes in India. The company also approved preferential allotments of 5,00,000 equity shares to a promoter group entity and 6,95,893 shares to non-promoters at Rs. 129.33 each, raising roughly Rs. 24 crore in total. Cost, internal, and secretarial auditors were reappointed/appointed for FY 2025-26, and the 54th AGM was fixed for August 28, 2025.
The foreign technology tie-up with WSG could open a new high-value product segment (UHP and titanium tubes), while the ~Rs. 24 crore capital raise provides growth funding but will dilute existing shareholders by roughly 12-13% once warrants and shares are fully issued. The Q1 profit growth is modest in absolute terms, so near-term stock reaction will likely depend more on investor view of the Korea partnership than the quarterly numbers.