Vakrangee announced a strategic corporate agency tie-up with Future Generali Insurance Company (Future Generali). This partnership aims to provide easy access to comprehensive general insurance products through Vakrangee Kendra network across the Country. This collaboration will enable Vakrangee Kendras, located across underserved and unserved areas, to offer a wide range of general insurance products, including health, motor, travel, home, and personal accident insurance. By leveraging this partnership, we aim to enhance accessibility and affordability of insurance solutions, empowering customers with financial securityPowered by Capital Market - Live

This partnership aims to provide easy access to comprehensive life insurance products through Vakrangee Kendra network across the country. The collaboration will enable Vakrangee Kendras, located across underserved and unserved areas, to offer a wide range of life insurance products. By leveraging this partnership, the company aims to enhance accessibility and affordability of insurance solutions, empowering customers with financial security. Commenting on this partnership, Vedant Nandwana, MD, said, We are delighted to partner with Shriram Life Insurance to expand our portfolio of essential services. This initiative aligns with our vision of driving financial inclusion and providing last-mile access to high-quality insurance products for every Indian, regardless of their location.' Vakrangee Kendras are exclusive branded format outlets offering a comprehensive range of products and services across banking, insurance, ATM, assisted e-commerce, e-governance and total healthcare. With 83% of Vakrangee Kendra outlets in Tier-4 to 6 locations, this association will enable Vakrangee to allow its customers to get access to insurance services in the most remote parts of the country. Vakrangee is a leading Last Mile Distribution Platform with a strong physical and digital presence across India. It provides a range of essential services, including banking, insurance, ATM, e-governance, e-commerce, healthcare, and logistics, to underserved markets. Its Vakrangee Kendra outlets and BharatEasy mobile app offer convenient access to these services. The company's consolidated net profit jumped 64% to Rs 0.69 crore while net sales increased 27% to Rs 65.25 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Vakrangee announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 January 2025.Powered by Capital Market - Live

This collaboration aims to expand banking services to underserved and unbanked communities in the East Zone. Under the agreement, Vakrangee will act as a Corporate Business Correspondent (CBC) for Canara Bank. The company's extensive network of Kendras will now offer a wide range of banking services, including account opening, deposits, withdrawals, loan repayments, and more. This initiative is expected to significantly enhance rural banking infrastructure and bridge the financial inclusion gap. Additionally, Vakrangee Kendras will facilitate the enrollment of citizens in various social security schemes and provide Aadhaar-related services. Vakrangee Kendras are branded outlets providing banking, insurance, ATM, e-commerce, e-governance, and healthcare services. With a strong presence in Tier-4 to 6 locations, Vakrangee empowers customers in remote areas to access essential banking services. Vakrangee is a leading Last Mile Distribution Platform with a strong physical and digital presence across India. It provides a range of essential services, including banking, insurance, ATM, e-governance, e-commerce, healthcare, and logistics, to underserved markets. Its Vakrangee Kendra outlets and BharatEasy mobile app offer convenient access to these services. The company's consolidated net profit jumped 64% to Rs 0.69 crore while net sales increased 27% to Rs 65.25 crore in Q2 FY25 over Q2FY24. The company's board will meet on Saturday, 21 December 2024 to consider raising funds through various modes. Powered by Capital Market - Live

The company will consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the company. Vakrangee has become India's leading last mile distribution platform, offering a comprehensive physical and digital ecosystem across the country. Their services include real-time banking, financial services, ATM facilities, insurance, e-governance, e-commerce (including healthcare services), and logistics. With a focus on rural, semi-urban, and urban markets, Vakrangee is driving financial, social, and digital inclusion for the Indian population. The company's consolidated net jumped 64.3% to Rs 0.69 crore in Q2 FY25 as compared with Rs 0.42 crore in Q2 FY24. Net sales increased 26.6% YoY to Rs 65.25 crore in Q2 FY25.Powered by Capital Market - Live

Vakrangee will hold a meeting of the Board of Directors of the Company on 21 December 2024.Powered by Capital Market - Live

Net profit of Vakrangee rose 64.29% to Rs 0.69 crore in the quarter ended September 2024 as against Rs 0.42 crore during the previous quarter ended September 2023. Sales rose 26.60% to Rs 65.25 crore in the quarter ended September 2024 as against Rs 51.54 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales65.2551.54 27 OPM %8.0311.49 - PBDT5.464.85 13 PBT1.190.88 35 NP0.690.42 64 Powered by Capital Market - Live

Edelweiss Financial Services Ltd, Reliance Infrastructure Ltd, Mahindra & Mahindra Financial Services Ltd and Chambal Fertilisers & Chemicals Ltd are among the other losers in the BSE's 'A' group today, 04 October 2024.Vakrangee Ltd lost 9.98% to Rs 30.76 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 44.86 lakh shares were traded on the counter so far as against the average daily volumes of 71.14 lakh shares in the past one month.Edelweiss Financial Services Ltd crashed 8.20% to Rs 122. The stock was the second biggest loser in 'A' group.On the BSE, 7.38 lakh shares were traded on the counter so far as against the average daily volumes of 8.37 lakh shares in the past one month.Reliance Infrastructure Ltd tumbled 7.14% to Rs 303.6. The stock was the third biggest loser in 'A' group.On the BSE, 11.37 lakh shares were traded on the counter so far as against the average daily volumes of 12.71 lakh shares in the past one month.Mahindra & Mahindra Financial Services Ltd corrected 6.72% to Rs 300.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.8 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one month.Chambal Fertilisers & Chemicals Ltd plummeted 6.02% to Rs 499.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.61 lakh shares were traded on the counter so far as against the average daily volumes of 1.42 lakh shares in the past one month.Powered by Capital Market - Live

Saregama India Ltd, Bombay Dyeing & Manufacturing Company Ltd, Sequent Scientific Ltd and Astrazeneca Pharma India Ltd are among the other gainers in the BSE's 'A' group today, 30 September 2024.Vakrangee Ltd soared 9.96% to Rs 34.68 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 87.31 lakh shares were traded on the counter so far as against the average daily volumes of 58.86 lakh shares in the past one month. Saregama India Ltd surged 8.52% to Rs 613.85. The stock was the second biggest gainer in 'A' group. On the BSE, 1.71 lakh shares were traded on the counter so far as against the average daily volumes of 45244 shares in the past one month. Bombay Dyeing & Manufacturing Company Ltd spiked 7.30% to Rs 229.35. The stock was the third biggest gainer in 'A' group. On the BSE, 3.6 lakh shares were traded on the counter so far as against the average daily volumes of 83905 shares in the past one month. Sequent Scientific Ltd spurt 7.18% to Rs 232.95. The stock was the fourth biggest gainer in 'A' group. On the BSE, 12.57 lakh shares were traded on the counter so far as against the average daily volumes of 3.77 lakh shares in the past one month. Astrazeneca Pharma India Ltd jumped 6.18% to Rs 7629.55. The stock was the fifth biggest gainer in 'A' group. On the BSE, 17445 shares were traded on the counter so far as against the average daily volumes of 4037 shares in the past one month. Powered by Capital Market - Live

Vakrangee Ltd fell 1.36% today to trade at Rs 24.65. The BSE Information Technology index is down 0.44% to quote at 42380.28. The index is up 1.22 % over last one month. Among the other constituents of the index, Netweb Technologies India Ltd decreased 1.21% and Rategain Travel Technologies Ltd lost 1.21% on the day. The BSE Information Technology index went up 29.44 % over last one year compared to the 28.48% surge in benchmark SENSEX. Vakrangee Ltd has added 15.13% over last one month compared to 1.22% gain in BSE Information Technology index and 4.62% rise in the SENSEX. On the BSE, 2.08 lakh shares were traded in the counter so far compared with average daily volumes of 31.17 lakh shares in the past one month. The stock hit a record high of Rs 32.19 on 01 Feb 2024. The stock hit a 52-week low of Rs 16.15 on 10 Oct 2023.Powered by Capital Market - Live