Texmaco Rail & Engineering Ltd, IDBI Bank Ltd, Responsive Industries Ltd and Cosmo Films Ltd are among the other losers in the BSE s A group today, 17 March 2021.
Texmaco Rail & Engineering Ltd, IDBI Bank Ltd, Responsive Industries Ltd and Cosmo Films Ltd are among the other losers in the BSE s A group today, 17 March 2021.
Vaibhav Global Ltd crashed 10.91% to Rs 4163.85 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 8176 shares were traded on the counter so far as against the average daily volumes of 4906 shares in the past one month.
Texmaco Rail & Engineering Ltd lost 6.58% to Rs 29.8. The stock was the second biggest loser in A group.On the BSE, 98048 shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one month.
Texmaco Infra: Adventz Finance proposes ₹58/share as delisting offer
March 05, 2021
× Saroj Poddar-owned Texmaco Infrastructure & Holdings Ltd is considering delisting from the bourses. A part of the Adventz Group, the company has already got Board approval for “voluntary delisting”. Shareholder approvals and other clearances will be sought soon.
One of the promoter firms of Texmaco Infrastructure, Adventz Finance has expressed willingness to buy out public shares and has proposed an ‘indicative offer price’ of ₹58 per equity share.
“Adventz Finance had informed the willingness of the promoter/ promoter group to accept equity shares tendered in the delisting offer at a price of ₹58 per equity share (Indicative Offer Price)….. The indicative offer price represents a premium of 27.87 per cent over the floor price,” the company said in a notice to the bourses. The floor price was determined at ₹45.36 per equity share.
Texmaco to issue equity shares amounting to ₹115 cr on preferential basis
March 01, 2021
Texmaco registered office at Belgharia×
Texmaco Rail & Engineering Ltd plans to issue equity shares amounting to ₹115 crore on a preferential basis to the promoters.
The company’s board has approved the issuance of shares on preferential basis at a meeting on Monday. An extraordinary general meeting of shareholders would be held through video conferencing mode on March 25 to seek their approval for the proposed issue, the company said in a notification to the BSE on Monday.
“For the purpose of giving effect to the above proposed issuance of securities, the Board has authorised its capital issue committee, which was formed earlier to decide the structure, terms and conditions thereof and all other matters related thereto,” it said.
Steel prices hit wagon manufacturers High input costs have prompted a few of them to cut back on production and scale up once prices start going south
Wagon manufacturers want the government to intervene after primary steel producers raised prices by at least Rs 1,000-1,500 per tonne despite the Centre lowering the import duty on various steel products in the Union budget.
Steel is a major raw material to make wagons. High input costs have prompted a few manufacturers to cut back on production and scale up later once prices start going south.
While certain contracts of Indian Railways with wagon makers have price variation clauses, these do not cover short-term fluctuations in prices. Moreover, non-government contracts and export orders which are highly competitive may not always have such clauses. As a result, a spike in steel prices directly impacts wagon manufacturing.
Texmaco Rail & Engineerings Ltd reports earnings for Q3FY21
Posted On:
TEXMACO RAIL & ENGINEERING LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.461.71 crores during the period ended December 31, 2020 as compared to Rs.410.83 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.19.07 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.1.11 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.0.85 for the period ended December 31, 2020 as compared to Rs.0.05 for the period ended September 30, 2020.