SIS Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

The Board of SIS at its meeting held on 25 November 2024 has approved the proposal to raise additional funds through the issuance of NCDs on a private placement basis for an amount of up to Rs 60 crore.

The Board had previously at its meeting held on 02 August 2024, approved the proposal raise funds through the issuance of NCDs on a private placement basis for an amount of up to Rs 190 crore.

This takes the aggregate issuance of NCDs to Rs 250 crore.

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In the meeting held today, the board further considered and approved the proposal to raise additional funds through the issuance of NCDs on a private placement basis for an amount of up to Rs 60 crore, aggregating the issuance of NCDs to Rs 250 crore.

SIS holds the top position in both security solutions and facility management sectors in India, and is the second-largest player in cash logistics. The company has also established itself as the largest security solutions provider in Australia.

The company's consolidated net profit declined 8.59% to Rs 68.81 crore on a 6.35% increase in net sales to Rs 3,268.81 crore in Q2 FY25 as compared with Q2 FY24.

The scrip shed 0.01% to currently trade at Rs 380.45 on the BSE.

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SIS will hold a meeting of the Board of Directors of the Company on 25 November 2024

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Net profit of SIS declined 8.59% to Rs 68.81 crore in the quarter ended September 2024 as against Rs 75.28 crore during the previous quarter ended September 2023. Sales rose 6.35% to Rs 3268.81 crore in the quarter ended September 2024 as against Rs 3073.63 crore during the previous quarter ended September 2023.

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