Control Print Ltd Share Price – NSE  /  BSE

IT - Hardware, Small Cap

Control Print announced that its step down subsidiary - CP Italy S.r.l has submitted a binding offer for acquisition of certain business assets of V-Shapes S.r.l and the same has been duly accepted. The amount involved in the aforesaid transaction is approximately 3.6 million Euros.

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Control Print announced that its wholly owned subsidiary, Control Print B.V. has incorporated a new wholly owned subsidiary in Italy by the name of CP Italy S.r.l.

The company's purpose is the development, production and marketing of innovative products with high technological value, the wholesale trade and import-export of food products, of materials and products for packaging in general, the construction and marketing of packaging and packaging machines and the production of packaging systems and electromechanical and electronic devices for dosing and weighing products.

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Control Print announced that the Board of Directors of the Company at its meeting held on 22 January 2024, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net profit of Control Print rose 0.37% to Rs 13.45 crore in the quarter ended December 2023 as against Rs 13.40 crore during the previous quarter ended December 2022. Sales rose 13.56% to Rs 88.63 crore in the quarter ended December 2023 as against Rs 78.05 crore during the previous quarter ended December 2022.

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