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Kamdhenu Ltd CMD Satish Kumar Agarwal said the company is raising Rs 100 crore through an issue of convertible warrants on a preferential basis over the next 18 months. Of this, it has already received Rs 24.27 crore.
The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
Kamdhenu's total income fell to Rs 157.45 crore from Rs 183.17 crore in the year-ago quarter. However, it trimmed its expenses to Rs 142.43 crore from Rs 167.06 crore a year ago.
Q3 results today: Over 900 companies including Aditya Birla Sun Life AMC, Adani Green Energy, Bajaj Finance, BEL, GAIL, ITC, L&T, Marico, NTPC, PEL, SRF Ltd, Sun Pharma, Tata Motors, and UPL are slated to unveil their Q4 results 2024 on January 29.
TMT maker Kamdhenu Ltd on Monday posted a 7 per cent decline in its net profit to Rs 11.14 crore during the December 2023 quarter, mainly due to lower income.