Swadha Nature Limited has seen a change in its ownership structure as Saraf Ergonomics Financial Services strengthened its position through a recent acquisition of additional shares. The transaction was executed via an inter-se transfer between promoters.

Key Details of the Transaction

Impact on Shareholding

The transaction has resulted in Saraf Ergonomics Financial Services increasing its stake in Swadha Nature Limited from 15.36% to 17.36%. This 2% increase reinforces Saraf Ergonomics' position as a significant promoter entity within the company.

Market Implications

Swadha Nature Limited, listed on the Bombay Stock Exchange (BSE), may see increased investor interest following this change in promoter shareholding. Such transactions often signal confidence in the company's prospects and can potentially influence market sentiment.

Regulatory Compliance

This acquisition has been disclosed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The timely disclosure ensures transparency for all stakeholders and adheres to regulatory requirements for listed entities.

Investors and market watchers are advised to monitor any potential changes in the company's strategic direction or governance that may follow this increase in promoter stake.

Swadha Nature Limited, formerly known as MS Securities Limited, has reported financial results for the quarter and half-year ended September 30, alongside significant changes in its board composition.

Financial Performance

The company's financial results for Q2 and H1 reveal a challenging period:

Swadha Nature Limited reported zero revenue from operations for Q2, compared to Rs 1.19 lakhs in the same quarter last year. For the half-year, the company's revenue declined to Rs 0.93 lakhs from Rs 8.44 lakhs in the previous year.

The company's financial position has deteriorated, with a net loss of Rs 5.43 lakhs for H1, compared to a profit of Rs 1.39 lakhs in the same period last year. This loss was primarily due to increased expenses, particularly in the 'other expenses' category, which rose to Rs 5.64 lakhs for the half-year.

Balance Sheet Highlights

As of September 30:

• Cash and cash equivalents stood at Rs 30.47 lakhs, down from Rs 36.82 lakhs as of March 31.
• Total assets decreased to Rs 86.79 lakhs from Rs 93.14 lakhs.
• The company's equity (including share capital and other equity) reduced to Rs 63.79 lakhs from Rs 69.21 lakhs.

Board Resignations

In a separate announcement, Swadha Nature Limited disclosed significant changes to its board of directors:

1. Mr. Manoj Kumar Saraf (DIN: 00175213) resigned as Executive Director, effective October 10.
2. Mr. Sanjeev Kumar Saraf (DIN: 01762532) also stepped down from his position as Executive Director on the same date.

Both directors cited personal commitments as the reason for their resignations. As promoter directors and founding members, they expressed pride in the company's journey and confidence in its future prospects.

Company Outlook

The resignations of two key promoter directors, coupled with the company's financial performance, may signal a period of transition for Swadha Nature Limited. The company's ability to navigate these changes and improve its financial position will be crucial in the coming quarters.

Swadha Nature Limited continues to operate in a single business segment, as disclosed in its financial statements. The company's management will need to focus on reversing the current financial trend and exploring new avenues for growth in the face of these challenges.