GAGA Share Market News

[hfe_template id='11223'] [ad_1] To strengthen corporate governance at listed firms, Sebi has proposed a revised format for annual secretarial compliance report, eligibility criteria for the appointment of auditors and inclusion of monetary thresholds for Related Party Transactions (RPTs) approvals. These proposals are aimed at ensuring that listed entities maintain high standards of compliance and transparency in their dealings. In its consultation paper, Sebi has proposed changes to improve the format and content of the Annual Secretarial Compliance Report (ASCR), aiming for more explicit confirmation of compliance with securities law. The suggestions have been made for exemptions related to corporate governance certifications and secretarial auditor reports when ASCR is attached to the annual report. The proposals include better enforcement mechanisms and making the ASCR a mandatory part of the annual report. On specifying eligibility criteria for the appointment of ...

[hfe_template id='11223'] [ad_1] The shares of VVIP Infratech listed on the BSE SME platform with a premium of 90% on Tuesday. The stock debuted at Rs 176.7 as against an issue price of Rs 93. Ahead of the listing, the company's shares traded with a GMP of around Rs 125 in the unlisted market. The IPO, which was completely a fresh equity sale of 65.82 lakh shares, was booked over 200 times, thanks to robust response from all categories. The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and general corporate purposes. VVIP Infratech is a Class A civil and electrical contractor. The company is engaged in the business of execution and construction of infrastructure projects such as sewer, sewer treatment plants, water tanks, water treatment plants, sector development work, electrical distribution and substations up to 33 KVA. Also Read: Two early Ola Electric investors to reap up to 824% returns in biggest ...

[hfe_template id='11223'] [ad_1] Listed private life insurers are set to report strong annualised premium equivalent growth, driven by a lower base and buoyant equity markets. However, the value of new business (VNB) margins will be muted due to increased sales of unit-linked insurance plans and pressure on group term pricing. General insurance companies are expected to show improved profitability, benefiting from a low claims ratio amid strong growth in motor, health, and commercial lines. Life insurers will adjust to new surrender value regulations this year, compressing their VNB margins in the second half of fiscal year. The life insurance industry experienced muted growth in Q1FY24 due to a surge in high-value non-par policy sales in the preceding quarter before the change in taxation policies. From April 2023, the government removed tax benefits from all non-par policies with aggregate premiums of ₹5 lakh and above per year. Insurers are likely to report APE growth...

[hfe_template id='11223'] [ad_1] Ajanta Pharma has fixed May 30 as the record date for its Rs 285 crore share buyback meaning that the last date to buy the shares in order to qualify for buyback is today. The buyback will take place at a premium of 12.6% from the closing price of Tuesday at Rs 2,420 through a tender route. The buyback is 8.34% of the aggregate of equity share capital of the company. Earlier in the month, Ajanta Pharma had announced its intention to buyback its shares from the public. The offer was proposed for a buyback of up to 10,28,881 equity shares of the company at the price of Rs 2,770, aggregating to an amount up to Rs 285 crore. As of 31st March 2024, 66.2% of the equity was held by the promoter and promoter group entities, while the rest 33.8% is distributed among public, banks, mutual funds, NBFCs etc. Also read: Concord Biotech stock slips over 5% after Rs 519 crore worth of shares change hands In its Q4 results, Ajanta Pharma had reported a 6...

[hfe_template id='11223'] [ad_1] The shares of Refractory Shapes debuted on the NSE SME platform with a premium of 142% on Tuesday. The stock was listed at Rs 75 as against an issue price of Rs 31. Ahead of the debut, the company's shares traded with a premium of Rs 15 in the unlisted market. The IPO, which was completely a fresh equity issue of 60 lakh shares, received robust response from investors with an overall subscription of over 200 times at close. The net proceeds from the public offer will be used for funding of capital expenditure, repayment of debt, purchase of commercial vehicles and general corporate purposes. The company engaged in the manufacturing of different types of bricks, castables, high alumina catalyst and ceramic balls which includes pre cast and pre fired blocks, burner blocks, special shaped refractory bricks, dense and insulating castables and mortars.The tailored made products shaped by the company finds its application in a diverse range...

[hfe_template id='11223'] [ad_1] The shares of Winsol Engineers debuted on the NSE SME platform with a premium of 387% on Tuesday. The stock was listed at Rs 365 as against an issue price of Rs 75. Ahead of the debut, the company's shares traded with a premium of Rs 200 in the unlisted market. The IPO, which was completely a fresh equity issue of 31.15 lakh shares, received a bumper subscription of over 600 times at close. The net proceeds from the public offer will be used for setting up working capital requirements, general corporate purposes, and public issue expenses. Based in Jamnagar, Winsol Engineers is an integrated engineering, procurement, construction and commissioning company providing Balance of Plant (BoP) solutions for both wind and solar power generation companies.Its core services for BoP Solutions include foundation work, substation civil and electrical work, right of way services, cabling to substation and Grid, and other miscellaneous activities.A...

[hfe_template id='11223'] [ad_1] Shares of Sai Swami Metals listed on the BSE SME platform at a premium of 90% on Wednesday. The stock debuted at Rs 114 as against an issue price of Rs 60. Ahead of the listing, the company's shares traded with a premium of Rs 50 in the unlisted market. The IPO, which was completely a fresh equity issue of 25 lakh shares, received massive response from investors with an overall subscription of over 500 times at close. The net proceeds from the public offer will be used for investment in subsidiary company Emmforce Mobility Solutions in the form of equity or debt for meeting the requirement of working capital and other general corporate purposes. Sai Swami Metals is actively involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of its discerning customers.Also Read: Plant-based specialty product maker Sanstar gets Sebi nod for an IPOThe product line is specifically desi...