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Nirman Agri Genetics
150.
60
-7.90
(-4.98%)
Market Cap
₹127.00 Cr
PE Ratio
4.77
Industry
FMCG
Buy
Sell
Company Performance:
1D
-4.98%
1M
-20.78%
6M
-42.86%
1Y
-56.41%
5Y
-11.67%
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Latest news about Nirman Agri Genetics
SEBI Bans Nirman Agri Genetics From Securities Market Over Alleged IPO Fund Misuse
5 days ago
SEBI has prohibited Nirman Agri Genetics from accessing the securities market due to alleged misuse of IPO funds. The company raised Rs 20.30 crore in March 2023, with Rs 18.89 crore (93%) allegedly misused through transfers to fictitious entities or those controlled by the promoter and relatives. SEBI's investigation revealed Rs 6.75 crore diverted to promoter-linked entities and Rs 12.14 crore paid to suspicious vendors without invoices. The regulator has halted all proposed corporate actions, including bonus issues and stock splits. Site visits confirmed non-existence of fund-receiving entities at given addresses. The promoter group's shareholding decreased from 65.59% at listing to 44.33% by September, with the promoter selling 10.71% of his holding.
Nirman Agri Genetics to Consider 1:10 Stock Split and Bonus Shares, Explore Sustainable Farming Technologies
Sep 15, 2025
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