Centrum Capital , a prominent financial services company, has seen significant changes in its shareholding structure as Businessmatch Services (India) Private Limited, a major shareholder, reported multiple pledge transactions involving its equity shares.

Pledge Releases

Businessmatch Services witnessed several pledge releases:

• 29 lakh shares released from Aditya Birla Finance Limited
• Two separate releases of 5 lakh shares each from KR Choksey and Talland Limited

These releases were attributed to fluctuations in market prices.

New Pledge Creation

In a move to secure fresh financing, Businessmatch Services pledged 35 lakh shares to an undisclosed third party. This new pledge represents a significant portion of the company's holdings in Centrum Capital.

Current Shareholding Position

Following these transactions, Businessmatch Services' position in Centrum Capital stands as follows:

Reporting and Compliance

Businessmatch Services promptly reported these transactions to the stock exchanges, in line with regulatory requirements. This disclosure ensures transparency for all stakeholders in Centrum Capital.

The series of pledge creations and releases highlights the dynamic nature of shareholding arrangements in public companies, often influenced by market conditions and financing needs. Investors and market watchers may want to keep an eye on further developments in Centrum Capital's shareholding pattern, as such changes can potentially impact the company's governance and financial strategies.

Centrum Capital , a diversified financial services group, reported a significant consolidated net loss for the quarter, despite an increase in revenue. The company's financial results reveal the challenges faced by the group in a dynamic market environment.

Financial Performance

Centrum Capital's consolidated net loss for the quarter stood at Rs 10,696.36 crore, compared to a net loss of Rs 12,187.18 crore in the corresponding quarter of the previous year. This represents a slight improvement in losses year-over-year.

Despite the substantial loss, the company managed to grow its revenue significantly. Centrum Capital reported a total income of Rs 1,04,089.67 crore for the quarter, compared to Rs 72,499.82 crore in the same period last year, marking a substantial growth of about 43.57%.

Key Financial Metrics

Strategic Moves

During the quarter, Centrum Capital and its subsidiaries undertook several strategic actions:

1. Centrum Retail Services Limited, a subsidiary, raised Rs 10,051 crore through debentures.
2. Centrum Financial Services Limited divested warrants for Rs 185.84 crore.

Outlook

While Centrum Capital has shown significant growth in total income, the substantial net loss indicates ongoing challenges in the financial services sector. The company's diverse business segments present both opportunities and risks in the current economic environment.

The Board of Directors approved these unaudited financial results for the quarter.