Kilburn Engineering has received new orders worth Rs 18.96 crore. Further, the company's subsidiary, M.E Energy has also bagged orders worth Rs 49.05 crore during the year till date. On a consolidated basis, the company has received orders/LOIs amounting to Rs.407.95 crore, during the year till date. All the orders received are in the ordinary course of business.Powered by Capital Market - Live

Monga Strayfield is an engineering company and is a leading player in the business of manufacturing radio frequency dryers and heating solutions, with a total revenue of Rs 72.90 crore for the financial year 2023-24. The acquisition is valued at a total consideration of Rs 123 crore and will be a combination of cash and non-cash payments. The acquisition is expected to be completed before 31 December 2024. The said acquisition will helps to achieve its next phase of growth with the help of enhanced manufacturing capabilities and expand its dryers portfolio. The firm has clarified that the transaction does not fall under related party transactions and there is no involvement of promoters, promoter groups, or group companies in the Monga Strayfield. Meanwhile, the company's meeting held on 19 November 2024, the Share Allotment Committee has approved the allotment of 4,70,000 equity shares, each with a face value of Rs 10, at a price of Rs 425 per share, which includes a premium of Rs 415. These shares will be allotted to a public category allottee via a preferential issue on a private placement basis and will be issued for consideration other than cash. Additionally, the Share Allotment Committee also approved the allotment of 35,000 convertible warrants, each with a face value of Rs 10. The warrants will be issued at a price of Rs 425 each, including a premium of Rs 415, for cash consideration. This allotment follows the approval of the Board of Directors and shareholders and is being made to a public category allottee through a preferential issue on a private placement basis. Kilburn Engineering specializes in process design, engineering and manufacture of equipment and systems for various process plants, primarily engaged in the chemical and petrochemical sectors. The company is a market leader in solid, liquid and gas drying systems and also provides a comprehensive package of solutions for tea, fertiliser, carbon black, soda ash, pharmaceuticals, dyes and pigments and speciality chemicals among other industries. The company's consolidated net profit surged 38% to Rs 13.84 crore in Q2 FY25 as against to Rs 10.03 crore posted in Q2 FY24. Revenue from operations jumped 14.3% YoY to Rs 78.25 crore in the quarter ended 30 September 2024. The scrip rose 0.69% to Rs 472.15 on the BSE. Powered by Capital Market - Live

Kilburn Engineering has, on 19 November 2024, allotted 4,70,000 equity shares of Rs 10 each at an issue price of Rs 425 per share. Post allotment of these shares, the paid up equity share capital has increased to Rs 47,48,78,580 constituting 4,74,87,858 equity shares of Rs 10 each. Further, the company has allotted 35,000 convertible warrants of Rs 10 each at an issue price of Rs 425 per warrant. Powered by Capital Market - Live

Kilburn Engineering will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Kilburn Engineering has received the largest single order to date valued at Rs 126 crore (USD 14.95 mn) for 4 nos rotary dryer packages for drying of rock phosphate.Powered by Capital Market - Live

Kilburn Engineering has received new orders totalling Rs 35.02 crore. M.E Energy, the wholly owned subsidiary of Kilburn has bagged orders aggregating Rs. 45.91 crore during the year till date. On a consolidated basis, the Company has received orders/LoIs amounting to Rs.260.27 crore, during the year till date. Powered by Capital Market - Live

Kilburn Engineering has allotted 20,50,000 equity shares on conversion of convertible warrants on 21 April 2023. Post allotment, the paid up equity share capita of the company has increased to 452,70,358 equity shares of Rs 10 each. Powered by Capital Market - Live

Kilburn Engineering has postponed the meeting of the Board of Directors which was scheduled to be held on 26 August 2024. The meeting will now be held on 27 August 2024.Powered by Capital Market - Live

Kilburn Engineering will hold a meeting of the Board of Directors of the Company on 26 August 2024.Powered by Capital Market - Live

The company may funds through issuance of equity shares and / or warrants or any other eligible securities by way of one or more public and/or private offerings including rights issue / preferential allotment basis, subject to such regulatory / statutory approvals as may be required, including approval of the shareholders of the company. Kilburn Engineering specializes in process design, engineering and manufacture of equipment and systems for various process plants, primarily engaged in the chemical and petrochemical sectors. The company is a market leader in solid, liquid and gas drying systems and also provides a comprehensive package of solutions for tea, fertiliser, carbon black, soda ash, pharmaceuticals, dyes and pigments and speciality chemicals among other industries. The company's standalone net profit jumped 50.7% to Rs 10.70 crore in Q1 FY25 as against 7.10 crore posted in Q1 FY24. However revenue from operations declined 4.3% YoY to Rs 63.81 crore in Q1 FY25. The scrip surged 10.27% close at Rs 479.90 on Wednesday, 21 August 2024.Powered by Capital Market - Live