The Amendment of Agreements executed between the Company and Singer Sourcing Limited LLC, USA.
SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Singer India's Board approved unaudited results for Q2 FY26 with revenue from operations rising sharply to Rs. 13,790 lakhs (vs Rs. 9,210 lakhs in Q1 FY26), and a net profit of Rs. 383 lakhs versus a loss in the previous quarter. H1 FY26 revenue stood at Rs. 23,000 lakhs, up from Rs. 20,445 lakhs a year ago. The Board also amended its trademark license agreements with Singer Sourcing Limited LLC, USA, expanding rights to manufacture and outsource Zig Zag machines under the 'Singer' and 'Merritt' brands in India and paving the way for future exports to SVP Global. Additionally, the Board approved a preferential allotment of 5,65,397 equity shares at Rs. 79.59 each (totalling about Rs. 4.5 crore) to VSM Group Aktiebolag, a non-promoter entity, which will hold a 0.91% stake post-issue. A postal ballot and a registered office shift (effective 15 January 2026) were also approved.
The amendment strengthens Singer India's product portfolio in the Zig Zag category and opens an export channel to global markets, while the strategic investment from VSM Group signals confidence from a global sewing industry major. For shareholders, the preferential issue is small (under 1% dilution) and the strong sequential recovery in profits is positive, though royalty payments to the US parent will increase.