Net profit of Shivalik Bimetal Controls declined 1.97% to Rs 19.94 crore in the quarter ended September 2024 as against Rs 20.34 crore during the previous quarter ended September 2023. Sales declined 0.87% to Rs 126.65 crore in the quarter ended September 2024 as against Rs 127.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales126.65127.76 -1 OPM %21.2922.83 - PBDT29.4430.38 -3 PBT26.5727.46 -3 NP19.9420.34 -2 Powered by Capital Market - Live

Shivalik Bimetal Controls will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

Shivalik Bimetal Controls announced that Harpreet Kaur (DIN: 07012657), Non-Executive Non-Independent Director ceased to be Director of the company with effect from close of business hours on 26 October 2024.Powered by Capital Market - Live

The Ghumman family, the remaining promoters of Shivalik Bimetal Controls, have increased their stake in the company from 25.5% to 33.15%. This increase was facilitated by the retirement and exit of the Sandhu family members, who were previously associated with the company. In addition to the change in promoter ownership, Shivalik Bimetal Controls has successfully onboarded several new institutional investors. On 27 September 2024, a series of bulk transactions were executed in the counter. SBI Mutual Fund acquired 31,10,467 shares at an average price of Rs 610.6 per share. This was followed closely by Franklin Templeton Mutual Fund, now holding 17,70,912 shares. Other investors include DSP Mutual Fund (9,00,800 shares) and White Oak Capital Mutual Fund (1,63,774 shares). Overall, 1,03,52,735 shares are now held by these investment firms, along with other notable investors like HSBC Mutual Fund (5,73,207 shares), Aditya Birla MF (10,00,000 shares), and UTI MF (10,14,465 shares). Shivalik Bimetal Controls manufactures and sells thermostatic bimetal/trimetal strips for switching components used in electrical, electronics, automotive, agricultural, medical, defence, and industrial applications. The company also makes shunt resistors for use in the high-growth automotive and industrial equipment segments. On a consolidated basis, net profit of Shivalik Bimetal Controls declined 16.26% to Rs 17.82 crore on 1% decline in net sales to Rs 125.98 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

Shivalik Bimetal Controls announced that S.S. Sandhu will be stepping down as Chairman of the Board by January 2025. At the 40th Annual General Meeting of the Company, held today in Solan, Himachal Pradesh, the Chairman, S. S. Sandhu, introduced the next generation of leadership, with key members including Kabir Ghumman, Sumer Ghumman, Rajeev Ranjan, and Kanav Anand. These management responsibilities to the 'nextgen' leaders of SBCL have ensued post the consolidation of shareholding within the promoter group. On 14 August 2024, S.S. Sandhu and Sarita Sandhu transferred a combined 2.62% of their shareholding in SBCL to Sumer Ghumman as a gift. Additionally, on 23 August 2024, TSL Holdings divested its entire 5.87% stake in SBCL through an off-market transaction. This consolidation saw 4.15% sold to Sumer Ghumman and the remaining 1.72% to O D Finance and Investment, both part of the existing promoter group. Going forward, the existing promoter family intends to continuously increase its holding in the company incrementally, reflecting their conviction in the company's strategic growth journey and long-term potential.Powered by Capital Market - Live

Shivalik Bimetal Controls announced that the 40th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Syrma SGS Technology Ltd, Marico Ltd, Hitachi Energy India Ltd and BEML Ltd are among the other losers in the BSE's 'A' group today, 06 August 2024.Shivalik Bimetal Controls Ltd tumbled 8.21% to Rs 559.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 24332 shares were traded on the counter so far as against the average daily volumes of 27101 shares in the past one month.Syrma SGS Technology Ltd crashed 7.83% to Rs 429.95. The stock was the second biggest loser in 'A' group.On the BSE, 2.37 lakh shares were traded on the counter so far as against the average daily volumes of 34225 shares in the past one month.Marico Ltd lost 5.76% to Rs 633.7. The stock was the third biggest loser in 'A' group.On the BSE, 2.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month.Hitachi Energy India Ltd shed 5.72% to Rs 10935.45. The stock was the fourth biggest loser in 'A' group.On the BSE, 10290 shares were traded on the counter so far as against the average daily volumes of 4080 shares in the past one month.BEML Ltd plummeted 5.58% to Rs 3941.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 27320 shares were traded on the counter so far as against the average daily volumes of 48505 shares in the past one month.Powered by Capital Market - Live

Net profit of Shivalik Bimetal Controls declined 16.26% to Rs 17.82 crore in the quarter ended June 2024 as against Rs 21.28 crore during the previous quarter ended June 2023. Sales declined 0.95% to Rs 125.98 crore in the quarter ended June 2024 as against Rs 127.19 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales125.98127.19 -1 OPM %18.8123.70 - PBDT26.3630.85 -15 PBT23.5227.92 -16 NP17.8221.28 -16 Powered by Capital Market - Live

Shivalik Bimetal Controls will hold a meeting of the Board of Directors of the Company on 6 August 2024.Powered by Capital Market - Live