Dhanashree Electronics Limited , a company known for its LED lighting products, has announced a significant corporate action. The company's Board of Directors is set to meet to discuss the potential voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE).

Key Details of the Board Meeting

Stock Exchange Notifications

Dhanashree Electronics has duly informed both the BSE Ltd. and the Calcutta Stock Exchange about this upcoming board meeting, adhering to regulatory requirements. This transparency ensures that all stakeholders are kept informed about potential significant changes in the company's listing status.

Current Listing Information

It's important to note that while the company is considering delisting from the Calcutta Stock Exchange, there is no mention of changes to its listing on the BSE. This suggests that Dhanashree Electronics may be looking to streamline its stock exchange presence while maintaining its listing on the larger exchange.

Implications for Investors

Investors and shareholders of Dhanashree Electronics should pay close attention to the outcome of this board meeting. A voluntary delisting, if approved, could have several implications:

1. Changes in trading venue for existing shareholders
2. Potential impact on stock liquidity, particularly for those trading on the CSE
3. Possible buyback offers or other arrangements for existing shareholders

It's crucial to emphasize that at this stage, the delisting is only under consideration. The final decision will be made during the board meeting, and further announcements can be expected following the deliberations.

Shareholders and potential investors are advised to await official communications from the company regarding the outcome of the board meeting and any decisions made concerning the proposed delisting from the Calcutta Stock Exchange.

Dhanashree Electronics Limited, a leading player in the electronics industry, has reported a substantial increase in its financial performance for the quarter ended June 30. The company's unaudited standalone financial results, approved by the Board of Directors, reveal significant growth in both revenue and profitability.

Financial Highlights

• Net Profit: Rs 105.40 lakh vs Rs 38.19 lakh (YoY)
• Revenue from Operations: Rs 2,557.05 lakh vs Rs 1,404.26 lakh (YoY)
• Earnings Per Share (EPS): Rs 0.74

Dhanashree Electronics witnessed a remarkable 176% year-on-year increase in net profit, rising from Rs 38.19 lakh to Rs 105.40 lakh. The company's revenue from operations also saw a substantial growth of 82%, reaching Rs 2,557.05 lakh compared to Rs 1,404.26 lakh in the same quarter of the previous year.

Quarterly Performance

While the year-on-year growth is impressive, it's worth noting that the company experienced a sequential decline in revenue compared to the preceding quarter. Revenue from operations decreased from Rs 4,168.60 lakh in the previous quarter to Rs 2,557.05 lakh in the current quarter.

Financial Position

The company's financial statement provides additional insights into its performance:

Management Commentary

The company's management has not provided specific comments on the results. However, the significant year-on-year growth in both revenue and profit suggests strong market demand for Dhanashree Electronics' products and effective cost management.

Audit Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. M/s Surana Sunil & Co, Chartered Accountants, the statutory auditors of the company, conducted a limited review of these results.

Conclusion

Dhanashree Electronics Limited has demonstrated robust financial performance in the current quarter, with substantial growth in both revenue and profitability compared to the same period last year. While there has been a sequential decline in revenue, the overall year-on-year growth paints a positive picture of the company's market position and operational efficiency.

Investors and stakeholders will likely be watching closely to see if the company can maintain this growth trajectory in the coming quarters, especially in light of the sequential revenue decline observed in the current quarter.