The total income of the company saw a growth of 119%, from Rs. 7.13 Cr. in FY21 to Rs. 15.62 Cr. in FY22. Net Profit has also seen a considerable growth of 133% in FY22, from Rs.4.79 Cr. in FY21 to Rs.11.17 Cr. in FY22. EPS has also seen exceptional growth of 133% in FY22, from Rs.14.97 in FY21 to Rs.34.91 in FY22.

PNB Finance and Industries Ltd. released its financials for FY22

The bank is hoping to open up 100 to 150 new branches in 18 to 24 months once RBI gives its approval.&nbsp;The century-old bank said on Tuesday that it will hold an initial public offering (IPO) of 830 crores from September 5 to September 7.Currently, more than 72% of the bank's 509 branches are located in Tamil Nadu, and 75% of these new branches will be opened in other states in order to diversify the bank's presence after the IPO.The restrictions on <a target="_blank" href="https://www.planify.in/research-report/tamilnad-mercantile-bank/">TMB</a> have their origins in the shareholders' decision to increase the company's authorized share capital to 500 crores in January 2016. The bank was forced to implement restrictions, including those on building new branches, after the RBI highlighted in June 2019 that the bank had failed to increase its subscribed capital to at least half of the authorized capital as needed.&nbsp;

Tamilnad Mercantile Bank expects RBI to lift up ban on opening up of new branches after IPO

Sterlite Power Transmission Limited grants contract for turnkey supply and construction of 400 KV &amp; 220 kV Double Circuit transmission line in Goa &amp; Karnataka. The contract is valued at Rs. 237 Crores including GST and is to be commissioned in phased manner by December 2023 and July 2024.&nbsp;

Sterlite Power Transmission Limited grant contract to Jyoti Structures Limited

The total revenue of the company increased by 23% in FY22, from Rs. 17.69 Cr. in FY21 to Rs. 21.81 Cr. in FY22. Net profit also increased by 32% from FY22, from Rs. 7.88 Cr. in FY21 to Rs. 10.37 Cr. in FY22. Total Assets also increased by 8%, from Rs. 253.90 Cr. in FY21 to Rs. 274.19 Cr. in FY22.

Asiatic Oxygen Limited released financials for FY22

<div>The Board of Directors passed a resolution at its meeting held on the 19th day of&nbsp;December 2022, approving the aforesaid rights issue of 4,43,34,952 equity&nbsp;shares at Rs.25/- each for cash (face value of Rs.10/- and premium of&nbsp;Rs.15/-) on rights basis to the existing equity shareholders of the Company&nbsp;in the ratio of 1:1 i.e, 1 equity share for every 1 fully paid-up equity share(s)&nbsp;held by the eligible equity shareholders. These shares are being offered to&nbsp;those shareholders whose name appears in the Register of Members of the&nbsp;company on December 19, 2022, being the record date fixed by the Board of&nbsp;Directors. The issue shall remain open for a period of 30 days commencing&nbsp;from January 02, 2023, till the closure of working hours i.e.&nbsp;05.00 p.m. on&nbsp;January 31, 2023.</div>

ICL Fincorp Limited offers rights issue to the existing shareholders

<div>The annual report from Carrier Airconditioning &amp; Refrigeration Limited for the fiscal year FY22, which concluded on March 31, has been released. The company's net profit increased dramatically during the fiscal year that concluded on March 31 from Rs. 16 crore the previous fiscal year to Rs. 42 crore. The company's overall sales for FY22 climbed 31% from FY21 to FY22, going from Rs. 1240 crore to Rs. 1632 crore.</div><div>In FY22, the company's total expenses were Rs. 1575 crore, up from Rs. 1207 crore the year before. The company's PBT increased by an amazing 70%, from Rs. 33 crore to Rs. 56 crore. On the fully paid equity shares, the corporation announced a dividend at a rate of Rs. 1 per share.</div>

Carrier Air-Conditioning showed massive growth of 152% in PAT in FY21-22.

The total revenue of the company saw a rise of 70% in Fy22, from Rs. 103.71 Cr. in FY21 to Rs. 176.05 Cr. in FY22. Net Loss decreased, from Rs. (-31.32) Cr. in FY21 to Rs. (-6.49) Cr. in FY22. Total Assets increased by 13%, from Rs. 472.24 Cr. in FY21 to Rs. 535.97 Cr. in FY22.&nbsp;

Eastern Investments Ltd. released its financials for FY22

Simpson and Company is going to organize an extra ordinary general meeting for the equity shareholders on Friday, 30th December, 2022 at 4 PM through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) to approve the scheme of Merger of Shardlow India Limited and Wheel &amp; Precision Company Ltd.&nbsp; Shardlow India limited is a public limited company incorporated under the Companies Act, 1956 and is engaged in the business of manufacture and sale of forged and machined crankshafts.Wheel &amp; Precision Forgings India Limited is a public limited company incorporated under the Companies Act, 1913 and is engaged in the business of providing machining and other engineering services,on contract basis, primarily to Shardlow India Ltd.The Board at the meeting held on 14.10.2022 approved the proposal for considering the Merger of the wholly owned subsidiaries Shardlow India Limited ,Wheel &amp; Precision Forgings Limited, with the holding company Simpson and Company Limited under the provisions of section 233 of the Companies Act 2013, subject to the approval of the Regional Director, MCA Chennai and such other authorities as may be necessary.

Board approval of merger of two wholly owned subsidiaries with Simpson and Company Limited

The company released its financials for FY 2022. The company reported a growth of 79% in its sales for FY 2022 from Rs. 287.22 Crore in 2021 to Rs. 514.82 Crore in 2022 and a growth of 2099% in its net profit from Rs. 1.49 Crore in 2021 to Rs. 32.75 Crore in 2022.

Maharaja Shree Umaid Mills Limited released its financials for FY 2022

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