Nitin Castings Reports 57% Drop in Q1 Net Profit Despite Revenue Growth
Nitin Castings Limited, an Alloy Steel Castings manufacturer, reported mixed Q1 results. Revenue increased by 2% to Rs. 3,914.83 lakhs, but net profit after tax fell by 57% to Rs. 245.39 lakhs compared to the previous year. The company's EPS decreased from Rs. 11.10 to Rs. 4.77. The Board of Directors approved these results on August 14, following an Audit Committee review. No specific commentary was provided on the factors contributing to the profit decline or measures to address it.
24Jul 25
Chordia Food Products Secures BSE Approval for Promoter Reclassification, Faces Warning for Delayed Disclosure
Chordia Food Products Limited has received approval from the Bombay Stock Exchange (BSE) to reclassify five individuals from the Promoter/Promoter Group category to the Public category. The reclassification, approved on July 23, 2025, changes the company's shareholding structure to 72.35% public shareholders and 27.65% promoter shareholders. The BSE also issued a warning letter to the company for non-compliance with disclosure requirements, as the reclassification application made in October 2023 was not disclosed until February 2024, violating SEBI regulations.
24Jul 25
Chordia Food Products Secures BSE Approval for Promoter Reclassification, Faces Warning for Delayed Disclosure
Chordia Food Products Limited has received approval from the Bombay Stock Exchange (BSE) to reclassify five individuals from Promoter/Promoter Group to Public category. The reclassification, approved on July 23, 2025, changes the company's shareholding structure to 72.35% public shareholders and 27.65% promoter shareholders. The BSE also issued a warning letter to the company for delayed disclosure of the reclassification application, advising stricter compliance with SEBI regulations in the future.