Calcom Vision Limited has announced a significant change in its fundraising strategy, deferring its previously approved preferential issue and exploring alternative methods to meet its growing capital requirements.

Key Developments

• Preferential Issue Deferred: The company's Board of Directors has decided to postpone the proposed preferential issue of Rs 8.99 crore (Rs 8,99,99,922).
• Reason for Deferral: Additional investors have approached the company, expressing interest in investment opportunities.
• Exploring Alternatives: Calcom Vision is now considering other fundraising options, including Rights Issue and Qualified Institutional Placement (QIP).
• Committee Formation: A committee of directors has been constituted to evaluate and finalize various fundraising proposals.

Fundraising Options Under Consideration

Management Actions

The Board has authorized Mr. Abhishek Malik, Executive Director, and Mr. Pramod, Chief Financial Officer, to present various fundraising options in the next Board Meeting. This move suggests a thorough evaluation of the company's capital needs and available financing methods.

Implications

This decision by Calcom Vision indicates a strategic shift in its approach to raising capital. By exploring a wider range of fundraising options, the company aims to:

1. Accommodate interest from new potential investors
2. Potentially raise a larger amount of capital than initially planned
3. Allow for broader participation in the company's growth story

The company has stated that further details regarding the fundraising plans will be disclosed in due course, suggesting ongoing deliberations and evaluations of the best path forward for meeting its capital requirements.

Investors and market watchers will likely keep a close eye on Calcom Vision's next moves, as the chosen fundraising method could have significant implications for the company's financial structure and growth trajectory.

Calcom Vision Limited , a prominent player in the electronics manufacturing sector, has reported a remarkable financial performance for its second quarter, setting new benchmarks and outlining ambitious future goals.

Record-Breaking Q2 Performance

The company achieved its highest-ever second quarter revenue, reaching Rs. 50.10 crores. This represents a substantial year-on-year growth of 46.9%, highlighting Calcom Vision's strong market position and effective growth strategies.

Key Growth Drivers

The impressive revenue growth can be attributed to two main factors:

1. Steady demand across key LED lighting products
2. Improved product mix

These elements have contributed to Calcom Vision's ability to capitalize on market opportunities and enhance its financial performance.

Future Outlook and Diversification

Looking ahead, Calcom Vision has set an ambitious target for fiscal year 2026 (FY26). The company expects to surpass Rs. 250.00 crores in revenue, showcasing its confidence in long-term growth prospects.

To achieve this goal, Calcom Vision is pursuing a multi-pronged strategy:

1. Diversification into BLDC fans
2. Expansion into solar lighting
3. Growth of Electronic Manufacturing Services (EMS) business

Government Support

Calcom Vision stands to benefit from the Production Linked Incentive (PLI) scheme, with expected benefits of Rs. 13.80 crores. This government initiative is likely to provide additional support to the company's growth plans and enhance its competitiveness in the electronics manufacturing sector.

Financial Highlights

Calcom Vision's strong Q2 performance and ambitious future targets reflect the company's robust growth trajectory in the electronics manufacturing sector. With its diversification strategy and government support through the PLI scheme, the company appears well-positioned to capitalize on emerging opportunities in the Indian market.