DJ Mediaprint & Logistics Limited (DJML) has announced a significant corporate action, converting 14 lakh warrants into equity shares, raising ₹11.97 crore in the process. This move, approved by the company's board, marks a notable development in DJML's capital structure and liquidity position.

Key Details of the Warrant Conversion

The company has converted 14,00,000 warrants into an equal number of equity shares at a price of ₹114 per share. This price includes a face value of ₹10 and a premium of ₹104 per share. The allotment was made to two investors, including the company's promoter.

Impact on Share Capital

Following this conversion, DJML's paid-up equity share capital has increased to ₹34.38 crore, consisting of 3,43,77,851 fully paid-up equity shares of ₹10 each. The newly allotted shares will rank pari-passu with the existing equity shares of the company.

Remaining Warrants

After this conversion, a significant number of warrants remain outstanding:

• 36,10,359 warrants held by Dinesh Muddu Kotian (Promoter)
• 27,28,669 warrants held by non-promoters (public)

These warrants are still pending conversion, indicating potential for further capital infusion in the future.

Background of the Warrant Issue

The warrant issue was initially approved by shareholders in an Extraordinary General Meeting held on October 6, 2024. The Board of Directors subsequently allotted these convertible warrants on a preferential basis to promoters and non-promoters on January 2, 2025.

This corporate action demonstrates DJ Mediaprint & Logistics Limited's efforts to strengthen its capital base. Investors and market watchers may want to keep an eye on the company's utilization of these funds and any impact on its financial performance in the coming quarters.

DJ Mediaprint & Logistics Limited , a diversified company operating in the printing and services sectors, has reported a strong financial performance for the first quarter ended June 30. The company's consolidated results show significant growth in revenue and profitability, along with expansion into new business segments.

Financial Highlights

• Consolidated revenue from operations surged by 43.6% year-over-year to Rs. 2,524.28 lakhs, compared to Rs. 1,499.12 lakhs in the same quarter last year.
• Net profit increased by 37.5% to Rs. 179.36 lakhs, up from Rs. 120.61 lakhs in the corresponding period.
• EBITDA margin improved to 19.1% from 12.1% in the previous year's quarter.

Segment Performance

DJ Mediaprint & Logistics operates in three main segments:

1. Printing Business: Contributed 56.9% of total revenue at Rs. 1,435.25 lakhs.
2. Services: Accounted for 28.4% of revenue at Rs. 716.98 lakhs.
3. Cab Services: A new segment that generated Rs. 372.04 lakhs, representing 14.7% of total revenue.

Expansion and Acquisition

The company has expanded its portfolio by acquiring a subsidiary, Sai Links, which operates in the cab services sector. This strategic move has diversified the company's revenue streams and contributed to its overall growth.

Financial Position

• Total consolidated assets stood at Rs. 10,468.54 lakhs.
• The company maintains a healthy balance sheet with a paid-up equity share capital of Rs. 324.84 lakhs.

Management Commentary

While specific management comments were not provided in the financial results, the significant revenue growth and improved profitability suggest that the company's strategies, including the expansion into cab services, are yielding positive results.

Auditor's Notes

The independent auditors, ADV & Associates, have reviewed the financial results and noted that the balances of trade receivables, trade payables, and advances are subject to confirmations and subsequent reconciliation.

Conclusion

DJ Mediaprint & Logistics Limited has demonstrated strong growth in the first quarter, with substantial increases in revenue and profitability. The company's expansion into cab services through its new subsidiary, Sai Links, appears to be contributing positively to its financial performance. As the company continues to diversify its operations, investors and stakeholders will likely keep a close eye on how these new ventures impact long-term growth and profitability.