Sansera Engg. announced that the 42th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

The equity benchmarks pared early losses and traded with minor gains in morning trade. The Nifty traded above the 24,700 level after hitting day's low of 24,654.50 in early trade. Realty shares declined after advancing in the three previous consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex, rose 51.81 points or 0.06% to 80,851.81. The Nifty 50 index added 44.65 points or 0.18% to 24,743.50. In the broader market, the S&P BSE Mid-Cap index added 0.26% and the S&P BSE Small-Cap index rose 0.62%. The market breadth was strong. On the BSE, 2,250 shares rose and 1,022 shares fell. A total of 104 shares were unchanged. Buzzing Index: The Nifty Realty index declined 1.05% to 1,041.25. The index advanced 2.49% in the past three trading session. Phoenix Mills (down 1.9%), Macrotech Developers (down 1.49%), Prestige Estates Projects (down 1.43%), Godrej Properties (down 1.22%), DLF (down 0.79%), Sobha (down 0.74%), Brigade Enterprises (down 0.4%), Mahindra Lifespace Developers (down 0.33%), Oberoi Realty (down 0.32%) declined. Stocks in Spotlight: Sansera Engineering fell 0.70%. The company informed that its board has approved raising of funds of upto Rs 1,200 crore in one or more tranches through qualified institutions placements (QIP), or any other method. Exide Industries gained 2.21% the company has invested Rs 74.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL) by way of subscription to share capital on right basis. EESL has allotted 2,08,33,333 equity shares of Rs 10 each were acquired at a premium of Rs 26 each aggregating to Rs 74.99 crore on right basis to the company. The said transaction is at arm's length. As on date, the total investment by Exide Industries in the equity share capital of EESL stood at Rs 2,652.24 crore. There is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition. CESC advanced 2.33% after the company's wholly owned subsidiary, Purvah Green Power incorporated a wholly owned subsidiary company named, Ecofusion Power (EPPL) to enter into renewable sector.Powered by Capital Market - Live

The company may issue equity shares and / or any other instruments or eligible securities representing either equity shares and / or convertible securities linked to equity shares or through any other permissible mode or/a combination thereof, by way of further public issue, debt issue, preferential allotment, private placement, (QIP), or any other method, subject to the approval of the shareholders. Further, the board of directors approved additional investment of Rs 20 crore in MMRFIC Technology Private in one or more tranches by way of CCPS. Lastly, the company's board has approved increase in authorised share capital of the company from existing Rs 23 crore divided into 6.25 equity shares of Rs 2 each, 3 lakh Series A compulsorily convertible preference shares (CCPS) of Rs 100 each and 7.50 lakh Series B CCPS of Rs 100 each to Rs 30.50 crore divided into 10 crore equity shares of Rs 2 each, 3 lakh Series A CCPS of Rs 100 each and 7.50 lakh Series B CCPS of Rs 100 each, subject to shareholders' approval. Sansera Engineering is primarily engaged in the machining of precision engine forged components for the automotive (2Ws and 4Ws) and non-automotive sectors (aerospace, agriculture). The company also manufactures connecting rods for medium and heavy commercial vehicles. The company's consolidated net profit rose 10.9% to Rs 49.58 crore on a 12.7% increase in net sales to Rs 743.93 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.23% to close at Rs 1,494.60 on Tuesday, 20 August 2024. Powered by Capital Market - Live

Securities in F&O ban:NALCO, Aarti Industries, Aditya Birla Fashion and Retail, Balrampur Chini Mills, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertilisers and Chemicals (GNFC), Granules India, Hindustan Copper, India Cements, LIC Housing Finance, Manappuram Finance, Piramal Enterprises, RBL Bank, SAIL, Sun TV Network. Stocks to watch: Sansera Engineering approved raising funds Rs 1,200 crore via QIP or other means. Genus Power Infrastructure received three orders worth Rs 3,609 crore for the appointment of advanced metering infrastructure service providers. Petronet LNG (PLL) has entered into a memorandum of understanding (MoU) with LTL Holdings (LTL) of Sri Lanka for supply of LNG to LTL's dual fuelled Power Plant(s) in Kerawalapitiya, Colombo. CESC's arm incorporated a wholly owned subsidiariy, Ecofusion Power to explore opportunities in the renewable power sector. Exide Industries made an investment of Rs 75 crore in Lion making subsidiary Exide Energy Solutions. The company's total investment in the arm stands at Rs 2,652 crore. RMC Switchgears' unit received Rajasthan Renewable Energy corp's nod to set up a 50 MW renewable energy park in Rajasthan. Updater Services acquired 22.30% stake in its material subsidiary, Denave India for Rs 52.57 crore.Powered by Capital Market - Live

The Board of Sansera Engineering at its meeting held on 20 August 2024 has approved fund raising up to Rs 1,200 crore by issue of equity shares / convertible securities. The Board also approved additional investment of Rs 20 crore in MMRFIC Technology (MMRFIC) in one or more tranches by way of CCPS. Further, the Board approved increase in authorised share capital from existing Rs. 23,00,00,000.00 divided into 6,25,00,000 equity shares of Rs. 2/- each, 3,00,000 Series A compulsorily convertible preference shares of Rs. 100/- each and 7,50,000 Series B compulsorily convertible preference shares of Rs.100/- each to Rs. 30,50,00,000.00 divided into 10,00,00,000 equity shares of Rs. 2/- each, 3,00,000 Series A compulsorily convertible preference shares of Rs. 100/- each and 7,50,000 Series B compulsorily convertible preference shares of Rs.100/- each, and consequent alteration in Clause V of the Memorandum of Association relating to share capital of the Company subject to approval of the shareholders of the Company at the forthcoming AGM. Powered by Capital Market - Live

Sansera Engg. will hold a meeting of the Board of Directors of the Company on 20 August 2024.Powered by Capital Market - Live

Sansera Engg. will hold a meeting of the Board of Directors of the Company on 16 August 2024.Powered by Capital Market - Live

Net profit of Sansera Engineering rose 10.87% to Rs 49.58 crore in the quarter ended June 2024 as against Rs 44.72 crore during the previous quarter ended June 2023. Sales rose 12.70% to Rs 743.93 crore in the quarter ended June 2024 as against Rs 660.07 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales743.93660.07 13 OPM %17.1317.32 - PBDT108.5895.85 13 PBT68.6260.98 13 NP49.5844.72 11 Powered by Capital Market - Live

Sansera Engg. will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live