Inland Printers Reports Loss of Rs 15.03 Lakh; Approves Preferential Share Issue
Inland Printers Limited reported a loss of Rs 15.03 lakh, an improvement from the previous year's Rs 47.66 lakh loss. Total income stood at Rs 24.13 lakh, primarily from a VAT refund. The company's Board approved a preferential issue of up to 4 million equity shares at Rs 10 per share to raise Rs 4 crore. Changes in board composition and key managerial personnel were also announced. The company is exploring expansion plans and strategies to return to profitability.

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Inland Printers Limited , a company engaged in e-commerce activities related to the printing business, has reported a loss of Rs 15.03 lakh, according to its recently released annual report. This marks an improvement from the previous year's loss of Rs 47.66 lakh.
Financial Performance
The company's total income stood at Rs 24.13 lakh, compared to no revenue in the previous year. This income was primarily attributed to a VAT refund. Despite the increase in revenue, Inland Printers continued to face challenges, with total expenses amounting to Rs 39.10 lakh, down from Rs 47.58 lakh in the previous year.
Key financial highlights include:
Item | Current Year (Rs lakh) | Previous Year (Rs lakh) |
---|---|---|
Employee benefit expenses | 12.82 | 12.91 |
Finance costs | 10.08 | 7.06 |
Other expenses | 16.07 | 27.48 |
The company's loss per share decreased to Rs 0.30 from Rs 0.96 in the previous year.
Preferential Share Issue
Inland Printers' Board of Directors has approved the issuance of up to 4 million equity shares at Rs 10 per share through a preferential issue, aiming to raise Rs 4 crore. The shares will be allocated to 26 investors, including individuals and entities, with allocations ranging from 50,000 to 2 million shares per investor. Notable allocations include Mrs. Ruchira Maheshwari, Mr. Yash Maheshwari, and several other investors receiving 2 million shares each.
The preferential issue is subject to shareholder and regulatory approvals. The company has scheduled its Annual General Meeting for September 27 to seek member approval for this issue among other agenda items.
Corporate Actions and Governance
The company has undergone several changes in its board composition:
- Ms. Nitaben Bhaveshkumar Patel ceased to be a director due to her passing on May 25.
- Ms. Nidhi Haresh Parekh and Ms. Dhwani Dinesh Punamiya resigned as Independent Directors.
- Mr. Anurag Satish Tiwari and Mrs. Anju Ashok Tiwari were appointed as Additional Independent Directors.
Inland Printers also saw changes in its key managerial personnel, with Ms. Krishana Sharma appointed as the new Company Secretary and Compliance Officer.
Future Outlook
While the company has managed to reduce its losses compared to the previous year, it continues to face financial challenges. The proposed preferential share issue, if approved, could provide Inland Printers with much-needed capital for its operations and potential growth initiatives.
The company's management is actively considering expansion plans and exploring opportunities to support growth, manage long-term working capital needs, and pursue its main business objectives as stated in its Memorandum of Association.
As Inland Printers navigates through these challenging times, investors and stakeholders will be closely watching how the company utilizes the funds from the preferential issue and implements strategies to return to profitability in the coming years.
Historical Stock Returns for Inland Printers
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.98% | -2.18% | +9.78% | +83.64% | -19.09% | +282.94% |