The Board of VST Industries has approved the appointment of Naresh Kumar Sethi (DIN: 08296486), presently the Non-Executive Chairman as the Executive Chairman & Whole-time Director of the Company for a period of 5 years with effect from 5 November 2024. Powered by Capital Market - Live

VST Industries announced that Aditya Deb Gooptu (DIN:07849104), Managing Director & CEO of the Company has resigned on 04 November 2024. Powered by Capital Market - Live

The key equity indices traded with major cuts in mid-afternoon trade. The Nifty dropped below the 24,100 level after hitting the day's high of 24,440.25 in early trade. PSU bank shares declined after advancing in the past two consecutive trading sessions. At 14:27 IST, the barometer index, the S&P BSE Sensex, tumbled 891.91 points or 1.11% to 79,173.25. The Nifty 50 index dropped 318.15 points or 1.30% to 24,081.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2.12% and the S&P BSE Small-Cap index dropped 3.30%. The market breadth was weak. On the BSE, 615 shares rose and 3,278 shares fell. A total of 86 shares were unchanged. Buzzing Index: The Nifty PSU Bank index dropped 2.75% to 6,253.35. The index gained 1.67% in past two consecutive trading sessions. Central Bank of India (down 4.81%), Punjab & Sind Bank (down 4.47%), UCO Bank (down 4.2%), Canara Bank (down 4.12%), Indian Overseas Bank (down 3.74%), Bank of Maharashtra (down 3.5%), Punjab National Bank (down 3.04%), Bank of Baroda (down 2.77%), Bank of India (down 2.5%) and State Bank of India (down 1.67%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.25% to 6.952 as compared with previous close 6.935. In the foreign exchange market, the rupee was flat against the dollar. The partially convertible rupee was hovering at 84.0750. MCX Gold futures for 31 October 2024 settlement lost 0.53% to Rs 77,910. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 104.04. The United States 10-year bond yield shed 0.14% to 4.195. In the commodities market, Brent crude for December 2024 settlement lost 1 cent or 0.01% to $74.37 a barrel. Stocks in spotlight: VST Industries dropped 9.96% after the company's standalone net profit fell 37.38% to Rs 47.56 crore on 3.12% increase in revenue from operations (excluding excise duty) to Rs 358.95 crore in Q2 FY25 over Q2 FY24. Suryoday Small Finance Bank tumbled 12.18% after the bank reported 9.76% decline in net profit to Rs 45.39 crore in Q2 FY25 as against Rs 50.30 crore posted in Q2 FY24. However, total income jumped 29.89% YoY to Rs 554.65 crore in the quarter ended 30 September 2024.Powered by Capital Market - Live

Profit before tax (PBT) dropped 34.75% YoY to Rs 64.68 crore during the quarter. Total expenses increased 5.74% YoY to Rs 404.37 crore in the quarter ended 30 September 2024. Cost of material consumed was at Rs 201.59 crore (up 1.51% YoY), employee benefit expense was at Rs 34.10 crore (up 6.36% YoY) during the period under review. VST Industries manufactures and distributes cigarettes and tobacco products. Powered by Capital Market - Live

Net profit of VST Industries declined 37.38% to Rs 47.56 crore in the quarter ended September 2024 as against Rs 75.95 crore during the previous quarter ended September 2023. Sales rose 3.12% to Rs 358.95 crore in the quarter ended September 2024 as against Rs 348.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales358.95348.10 3 OPM %18.8422.67 - PBDT75.62108.19 -30 PBT64.6899.12 -35 NP47.5675.95 -37 Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

Jupiter Wagons Ltd, Ashapura Minechem Ltd, Engineers India Ltd and ITD Cementation India Ltd are among the other losers in the BSE's 'A' group today, 09 September 2024.VST Industries Ltd crashed 8.71% to Rs 440.2 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.47 lakh shares were traded on the counter so far as against the average daily volumes of 25215 shares in the past one month.Jupiter Wagons Ltd lost 6.83% to Rs 509.6. The stock was the second biggest loser in 'A' group.On the BSE, 84289 shares were traded on the counter so far as against the average daily volumes of 78234 shares in the past one month.Ashapura Minechem Ltd tumbled 6.38% to Rs 292. The stock was the third biggest loser in 'A' group.On the BSE, 61216 shares were traded on the counter so far as against the average daily volumes of 60277 shares in the past one month.Engineers India Ltd slipped 5.88% to Rs 204.9. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.44 lakh shares were traded on the counter so far as against the average daily volumes of 3.36 lakh shares in the past one month.ITD Cementation India Ltd shed 5.58% to Rs 482.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.92 lakh shares were traded on the counter so far as against the average daily volumes of 80541 shares in the past one month.Powered by Capital Market - Live

Dreamfolks Services Ltd, Mrs Bectors Food Specialities Ltd, NESCO Ltd and Glenmark Life Sciences Ltd are among the other gainers in the BSE's 'A' group today, 06 September 2024.VST Industries Ltd spiked 18.33% to Rs 479.45 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.68 lakh shares were traded on the counter so far as against the average daily volumes of 10739 shares in the past one month. Dreamfolks Services Ltd soared 9.35% to Rs 516. The stock was the second biggest gainer in 'A' group. On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 26906 shares in the past one month. Mrs Bectors Food Specialities Ltd surged 7.89% to Rs 1740. The stock was the third biggest gainer in 'A' group. On the BSE, 13998 shares were traded on the counter so far as against the average daily volumes of 13641 shares in the past one month. NESCO Ltd rose 5.83% to Rs 1012. The stock was the fourth biggest gainer in 'A' group. On the BSE, 21149 shares were traded on the counter so far as against the average daily volumes of 5414 shares in the past one month. Glenmark Life Sciences Ltd exploded 5.78% to Rs 1156.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 31268 shares were traded on the counter so far as against the average daily volumes of 17008 shares in the past one month. Powered by Capital Market - Live

VST Industries has revised the record date for bonus issue to 06 September 2024. Powered by Capital Market - Live