Sanghi Industries Ltd Share Price – NSE  /  BSE

Cement, Small Cap

In a regulatory filing, the company said that its board of directors will consider and evaluate a proposal for raising of funds, in one or more tranches, through permissible mode and/or combinations thereof.

The funds would be raised by way of issuance of shares, any other instruments or securities, through private placement, preferential issue or such other methods or combinations thereof as may be decided by the board.

Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export market.

The company reported a consolidated net loss of Rs 142.73 crore in Q3 FY24 as compared with net loss of Rs 143.95 crore recorded in Q3 FY23. Revenue from operations jumped 42.2% YoY to Rs 188.73 crore in Q3 FY24.

The scrip rose 0.98% to end at Rs 94.18 on the BSE yesterday. The domestic markets is shut today on account of Ram Navami.

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Sanghi Industries will hold a meeting of the Board of Directors of the Company on 22 April 2024.

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The shareholding of promoters and promoter’s group has reduced to 78.52% from 80.52%.

Earlier on March 12, 2024, Ambuja Cements, the promoter of the company had conveyed to the firm, their intention to sell the equity shares to enable the company to comply with minimum public shareholding norms.

Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export market.

The company reported a consolidated net loss of Rs 142.73 crore in Q3 FY 24 as compared with Rs 143.95 crore in Q3 FY23. Revenue from operations stood at Rs 188.73 crore in Q3 FY 24.

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Net Loss of Sanghi Industries reported to Rs 201.55 crore in the quarter ended December 2023 as against net loss of Rs 143.95 crore during the previous quarter ended December 2022. Sales rose 42.16% to Rs 188.73 crore in the quarter ended December 2023 as against Rs 132.76 crore during the previous quarter ended December 2022.

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