Yash Management & Satellite Ltd is set to explore a significant business expansion opportunity. The company has announced a Board of Directors meeting scheduled for December 4, 2020, with a key agenda item being the consideration of acquiring a majority stake in Sudarshan Polyfab Private Limited.

Potential Acquisition Details

• Target Company: Sudarshan Polyfab Private Limited
• Proposed Stake: 51%
• Outcome: If approved, Yash Management & Satellite Ltd would become the holding company of Sudarshan Polyfab

About Sudarshan Polyfab

Sudarshan Polyfab is described as a newly incorporated company with a focus on manufacturing packaging products. Their product line is expected to include:

• Woven sacks
• Tarpaulin
• Other allied products

The company plans to utilize petrochemicals as raw materials, specifically:

• PVC (Polyvinyl Chloride)
• PP (Polypropylene)
• HDPE (High-Density Polyethylene)
• LLDPE (Linear Low-Density Polyethylene)

Sudarshan Polyfab's manufacturing processes are set to involve extrusion, moulding, and weaving techniques to produce their range of packaging solutions.

Implications of the Potential Acquisition

This potential acquisition could mark a strategic move for Yash Management & Satellite Ltd, potentially expanding its business portfolio into the manufacturing sector, specifically in packaging products. The decision to acquire a majority stake suggests a significant commitment to this new business direction.

Investors and stakeholders of Yash Management & Satellite Ltd will likely be watching the outcome of the December 4th board meeting closely, as it could signal a notable shift in the company's business strategy and future growth plans.

The company has not provided any financial details or projections related to this potential acquisition at this time. Further information may be forthcoming following the board meeting.

Yash Management & Satellite Ltd has reported a remarkable turnaround in its financial performance for the recent quarter, with significant growth in revenue and a shift to profitability.

Standalone Performance Highlights

• Total income from operations surged by 202.5% to Rs. 1,293.96 lakhs, compared to Rs. 427.73 lakhs in the same quarter last year.
• The company turned profitable with a net profit after tax of Rs. 86.56 lakhs, a substantial improvement from a loss of Rs. 75.93 lakhs in the previous year.
• Earnings per share (EPS) improved to Rs. 0.64 from negative Rs. 0.46.

Consolidated Results

• On a consolidated basis, total income grew by 199.3% to Rs. 1,303.46 lakhs.
• Net profit reached Rs. 94.81 lakhs, compared to a loss of Rs. 70.28 lakhs in the prior year.
• Consolidated EPS stood at Rs. 0.67, up from negative Rs. 0.44.

Financial Performance Overview

All financial figures are in Rs. lakhs, except for EPS which is in Rs.

The financial services company has demonstrated a strong recovery in its operations. The significant increase in revenue coupled with the transition to profitability indicates a positive shift in the company's financial health.

Regulatory Compliance

In compliance with regulatory requirements, Yash Management & Satellite Ltd has submitted the extract of its unaudited standalone and consolidated financial results for the quarter to the BSE. The company has also published these results in the "Business Standard" (English) and "Mumbai Mitra" (Marathi) newspapers, as per SEBI (LODR) Regulations, 2015.

The company's managing director, Yash Gupta, has signed off on the regulatory filing, underscoring the management's commitment to transparency and adherence to disclosure norms.

Investors and stakeholders can access the detailed financial results on the BSE website and the company's official website for a comprehensive understanding of Yash Management & Satellite Ltd's quarterly performance.