PTC Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

PTC Industries announced that Krishna Das Gupta and Ajay Kashyap, have ceased to be the Non-executive and Independent Directors of the Company with effect from 30 September 2024, on completion of their second term of five years.Powered by Capital Market - Live

PTC Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

The company said that this is the first time that IAI is sourcing such cast components from India. Sachin Agarwal, chairman and managing director of PTC Industries said, Aerolloy Technologies is proud to share that it has received its first order from Israel Aerospace Industries for supply of titanium castings. This is yet another milestone for ATL and demonstrates the technological capabilities that the company has been building. This is a significant achievement for the company, and we will now be working with one of Israel's leading organisations and a global leader. This new order has opened new opportunities for the company for exports to Israel in the defence and aerospace sectors. Zeev Mivtzari, country head INDIA & CMD of Israel Aerospace Industries said, IAI sees itself as part of the Defence Ecosystem of India. We have more than 50 local companies that we are working with, and I am very happy to expand the local activity with PTC Industries for manufacturing of strategic materials. This is the way for IAI to expand its business and for India to actualize its self reliance policy. PTC Industries is a leading manufacturer of metal components for critical and super critical applications. The company's shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. The company's consolidated net profit decreased 56.6% to Rs 4.90 crore on 34.5% decline in net sales to Rs 46.87 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

PTC Industries has allotted 5,30,315 equity shares to eligible qualified institutional buyers at an issue price of Rs 13,199.70 per share including a premium of Rs 13,189.70 per share which takes into account a discount of Rs 694.72 per share on the floor price of Rs 13,894.42 per share (5% of the floor price), aggregating to Rs 699.99 crore, pursuant to the QIP. With this allotment, the paid up equity share capital of the company stands increased to Rs 14,97,11,880 consisting of 1,49,71,188 equity shares. Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Wednesday, 28 August 2024. The floor price of Rs 13,894.42 is at a premium of 6.37% to the previous day's closing price of Rs 14,779.90 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. PTC Industries is a leading manufacturer of metal components for critical and super critical applications. The company's shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. The company's consolidated net profit decreased 56.6% to Rs 4.90 crore on 34.5% decline in net sales to Rs 46.87 crore in Q1 FY25 over Q1 FY24. Shares of PTC Industries slipped 3.24% to currently trade at Rs 14,301 on the BSE. Powered by Capital Market - Live

Aerolloy Technologies (a wholly owned subsidiary of PTC Industries) announced the acquisition of a Hot Rolling Mill for manufacturing Plates and Sheets in Titanium Alloys for Aerospace and Defence applications. This advanced capability being acquired from USA represents a significant milestone for the company. This will be a further value addition of Titanium Alloy ingots and billets that will be produced by ATL's upcoming Strategic Materials Technology Complex in Lucknow node of the UP Defence Industrial Corridor (UPDIC). With this Hot Rolling Mill acquisition, the company will have a fully Vertically Integrated capability which covers the entire Titanium alloy products Value Chain, with company's offering covering Titanium Alloy Ingots, Billets, Bars, Rods, Castings and now Plates and Sheets also. This would be a very unique capability in the world where this value chain, at global capacity levels, is covered at a single site. make help it expands its profitability and margins. Hot Rolling technology to manufacture Titanium plates and sheets is scarce capability in the world. This manufacturing capability will enable the production of thinner titanium sheets as well, which are integral to defence and aerospace applications such as aircraft wings and marine engineering for corrosion resistant ship components, etc.Powered by Capital Market - Live

Net profit of PTC Industries declined 56.56% to Rs 4.90 crore in the quarter ended June 2024 as against Rs 11.28 crore during the previous quarter ended June 2023. Sales declined 34.46% to Rs 46.87 crore in the quarter ended June 2024 as against Rs 71.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales46.8771.51 -34 OPM %21.4227.63 - PBDT10.5119.00 -45 PBT6.3614.86 -57 NP4.9011.28 -57 Powered by Capital Market - Live

PTC Industries will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live