The <a href="https://www.planify.in/research-report/elofic-industries-limited/">company</a> has announced its FY24 results, showing mixed performance across various financial metrics. Revenue experienced a slight decline of 2.3%, dropping from ₹360 crore in FY23 to ₹352 crore in FY24. Despite this decrease in revenue, the company managed to achieve a significant improvement in profitability. The net profit for FY24 rose by 26.0%, reaching ₹48 crore compared to ₹38 crore in FY23. This increase in profit demonstrates the company’s ability to manage costs effectively, even in a challenging revenue environment. Earnings Per Share (EPS) also saw a positive trend, increasing from ₹150 in FY23 to ₹191 in FY24, marking a growth of 27.3%. This boost in EPS indicates that the company has enhanced its earnings power, benefiting shareholders. Alongside these improvements, the company’s total assets grew substantially by 19.9%, from ₹249 crore in FY23 to ₹299 crore in FY24, reflecting the company’s strengthening financial position. Total equity also saw a healthy increase of 22.7%, rising from ₹209 crore in FY23 to ₹257 crore in FY24. This growth in equity suggests that the company is maintaining a robust capital structure, potentially positioning itself well for future growth opportunities.

Elofic Industries has released its financial results for FY24

<a href="https://www.orientindia.in/">Orient Technologies</a>, a leading figure in the IT solutions industry, has been attracting interest with its upcoming IPO. The firm, known for its diverse IT offerings like IT Infrastructure and cloud services, is prepared to attract significant investor interest. The orient technologies IPO will start&nbsp; subscription from 21st and will end by 23rd August 2024, comprising an Offer for Sale (OFS) and a Fresh Issue. Investors have the opportunity to engage in Orient Technologies' growth through trading its shares on both BSE and NSE. Company Overview&nbsp; ﻿Orient Technologies, founded in 1997, has a robust popularity for its technologically advanced solutions. The company collaborates with technology partners to design revolutionary products tailored to client needs such as, IT Infrastructure that offers information Centre Solutions (DCS), End-User Computing (EUC), and Hyper-Converged Infrastructure (HCI).&nbsp; IT Enabled Services (ITeS): Includes Managed Services, Multi-Vendor Support, IT Facility Management, and Cloud and Data Management Services that covers IaaS, PaaS, SaaS, and specialized services. Notably, the ITeS segment grew at a CAGR of 29.51% between FY22 and FY24, even as cloud and data management revenue grew by a CAGR of 62.92% throughout the same period. Orient Technologies has cast strategic alliances with a number of the world’s main technology companies, which includes Dell, Fortinet, and Nutanix. Orient Technologies IPO Details&nbsp; ﻿The public issue includes Offer for Sale (OFS) of 46,00,000 Equity Shares and a Fresh Issue aggregating to INR 120 crore. Retail investors will be allotted 35% of the total shares, QIBs can get up to 50% of the offer, and non-institutional investors (NIIs) are allocated at least 15% and hence, individual investors could be major contributors.&nbsp; Utilization of IPO Proceeds The proceeds from Orient Technologies' IPO will support a range of crucial initiatives. The company plans to use some of the funds for meeting the vital capital expenditure requirements aimed at enhancing its operational capabilities. Additionally, Orient Technologies intends to acquire workspace in Navi Mumbai to reinforce its presence in a key business hub.&nbsp; The remaining funds will be allocated towards the company's general requirements, providing the company with the financial flexibility to pursue opportunities for expansion and manage operational costs effectively. Strengths:&nbsp; <ol><li style="font-size:16px;color:#000000;background-color:transparent">&nbsp; Financial Performance&nbsp; </li></ol>The company has recorded steady performance in the last 2 years with a revenue CGAR of ~14% between FY22 and FY24. For the last three fiscals (FY22-FY24), the company has posted an average EPS of Rs. 11.14 and an average RoNW of 27.66% <div style="margin-left:0pt"><table><tbody><tr><td>Financials (in ₹ Crore)​ </td><td>FY22</td><td>FY23</td><td>FY24</td></tr><tr><td>Revenue</td><td>469</td><td>542</td><td>606</td></tr><tr><td>PAT</td><td>33</td><td>38</td><td>41</td></tr><tr><td>Profit Margins (%)</td><td>7</td><td>7</td><td>6</td></tr><tr><td>Borrowings</td><td>2</td><td>13</td><td>5</td></tr><tr><td>Assets</td><td>176</td><td>215</td><td>311</td></tr></tbody></table></div>​ There are other valuation indicators which offer additional insight on the Orient Technologies financials to making sound investment decisions based on the following; <div style="margin-left:0pt"><table><tbody><tr><td>Key Metrics&nbsp;</td><td>FY22</td><td>FY23</td><td>FY24</td></tr><tr><td>ROE (%)</td><td>43</td><td>34</td><td>27</td></tr><tr><td>ROCE (%)</td><td>45</td><td>31</td><td>28</td></tr><tr><td>EBITDA Margin(%)</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Debt/Equity</td><td>0.02</td><td>0.10</td><td>0.03</td></tr></tbody></table></div> B)&nbsp; Order book value: It had orders on hand worth Rs. 101+ cr. as of June 30, 2024. C)&nbsp;&nbsp;Dividends: The company has paid dividends of 2.23% (FY22), 22.86% (FY23), and 17.14% (FY24) It has already adopted a dividend policy in October 2023, based on its financial performance and future prospects. Key Players in the IPO Elara Capital (India) has been appointed as the sole book-running lead manager for the IPO, ensuring that the offering is managed with the highest degree of professionalism and understanding. Link Intime India has been designated as the registrar of the offer. Market Position and Future Prospects Orient Technologies has built a stable market presence through forming strategic partnerships and emphasizing innovation. The organization's robust financial overall performance and persevered growth in a competitive market make it an appealing investment opportunity. The company is operating in a highly competitive and fragmented segment of IT solutions and related services providing. The funds accumulated from the IPO will play an important function in advancing Orient's upcoming growth stage, as it continues increasing its range of products and enhancing its market presence. Conclusion The Orient Technologies IPO gives a promising <a href="https://www.planify.in/buy-pre-ipo/">investment opportunity</a>, mainly for investors looking to the rapidly growing IT services sector. The company's stable financial overall performance, collaborations with global tech giants, and targeted increase techniques have placed it properly for future expansion. The funds from the IPO can be utilized for critical needs together with obtaining sparkling office places and backing capital expenditure, showcasing the company's commitment to improving its operational capabilities. ﻿However, prior to making a decision, potential investors must thoroughly evaluate the company's financial metrics, market position, and overall financial performance as they would with any investment. Even though the IPO shows great potential for investment due to its steady revenue growth and partnerships, it is important to consider this in relation to overall market trends and personal risk tolerance. In general, investing in the Orient Technologies IPO could enhance a diversified investment portfolio, but it is important to do thorough research or seek advice from a financial advisor to match your investment objectives.&nbsp;

Orient Technologies, a leading figure in the IT solutions industry, has been attracting interest with its upcoming IPO. The firm, known for its diverse IT offerings like IT Infrastructure and cloud services, is prepared to attract significant investor interest.

Orient Technologies IPO: A Deep Dive into Financials and Market Position

Planify is excited to announce a series of new features and updates designed to enhance the investment journey for our users, including investors, founders, <a target="_blank" href="https://www.planify.in/partner/">channel partners</a>, and <a target="_blank" href="https://www.planify.in/sourcing-partner/">sourcing partners</a>. These updates aim to provide a seamless and more intuitive experience, ensuring that every stakeholder can navigate the platform with ease and efficiency.<h2>1. New Login Sign-Up - Web/Mweb</h2>Release Date: 27th July 2024 Version: 1.1 Platform: Website and Mobile Web Impact External Stakeholders: All users Description Purpose: The new login and sign-up feature is designed to enhance the user experience by simplifying the process of signing up or logging in. The improved interface is more intuitive, making it easier and faster for users to access their accounts and get started on the platform.<h2>2. Planify-Crawler Assigned to Screen</h2>Release Date: 27th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Analysts, Administrators Description Purpose: This feature allows administrators to assign specific stocks to analysts, enabling them to manage news and updates related to their assigned stocks. This streamlined process helps in better organizing and distributing work among analysts.<h2>3. Ratings Dashboard and Modal</h2>Release Date: 27th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Platform Users Description Purpose: The Ratings Dashboard provides a comprehensive overview of the ratings received for the platform, allowing for detailed analysis and insights. The Ratings Modal prompts users to provide ratings and feedback on areas for improvement, helping the platform to enhance user satisfaction and experience.<h2>4. Investor Risk Modal</h2>Release Date: 20th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Investors Description Purpose: The Investor Risk Modal offers detailed information on the risks associated with investing in unlisted IPOs. It outlines various risks, including market, business, liquidity, and financial risks, providing <a target="_blank" href="https://www.planify.in/investors/">investors</a> with crucial insights to make informed decisions.<h2>5. Sell Recommendation&nbsp;Tradebook/Waitlist/Bidlist/Orderbook Filter/Assigned To </h2>Release Date: 13th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Investors, Analysts Description Purpose: This update introduces new tabs, including Tradebook, Waitlist, and Bidlist, to the Sell Recommendation section. Additionally, an Orderbook filter and an "Assigned To" column have been added, enhancing the functionality and organization of sell recommendations.<h2>6. Triggers - Signup, Sell Recommendation, Subscription Purchase Success</h2>Release Date: 13th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Platform Users Description Purpose: Introduced triggers for various actions, including signup, sell recommendations, and subscription purchase success. These triggers can be sent to the relevant user groups, ensuring timely communication and engagement based on specific user actions and events.<h2>7. Video Shorts Update</h2>Release Date: 13th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Investors Description Purpose: This update introduces a new feature where short videos about startups are now locked. Investors are required to subscribe before they can access and view these videos. This feature aims to enhance content exclusivity and encourage subscriptions.<h2>8. Newsletter Check/Uncheck</h2>Release Date: 13th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: All Users Description Purpose: This feature introduces a check/uncheck option that allows admin to customize the content they want to send. This aims to provide a more personalized and relevant newsletter experience.<h2>9. Masterclass Subscription</h2>Release Date: 13th July 2024 Version: 1.1 Platform: Mobile App Impact External Stakeholders: Users Description Purpose: This feature introduces a subscription requirement for enrolling in Masterclasses via the mobile app. Users must now purchase a subscription to access Masterclasses.<h2>10. Research Report Generative AI</h2>Release Date: 6th July 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Users, SEO Specialists Description Purpose: This update incorporates content generated by generative AI, specifically using Google Bard, into research reports. The aim is to enhance the quality and relevance of the content, thereby improving the SEO and ranking of the website pages.

Planify is excited to announce a series of new features and updates designed to enhance the investment journey for our users, including investors, founders, channel partners, and sourcing partners. These updates aim to provide a seamless and more intuitive experience, ensuring that every stakeholder can navigate the platform with ease and efficiency.

What's New at Planify: July 2024

About the company: ​<a target="_blank" href="https://anandrathi.com/">Anand Rathi</a> Wealth Limited started as 'Hitkari Finvest Private Limited' on March 22, 1995. It then became 'AR Venture Funds Management Private Limited' on April 6, 2005, and later changed into a Public Limited Company named 'AR Venture Funds Management Limited' on March 8, 2007. Subsequently, it became a Private Limited Company again with the same name on July 7, 2015, then changed back to a Public Limited Company as 'AR Venture Funds Management Limited' on April 3, 2017. It was later named 'Anand Rathi Wealth Services Limited' on July 6, 2017, and finally renamed 'Anand Rathi Wealth Limited' on January 7, 2021. The company focuses on mutual fund distribution and the sale of financial products within the financial services industry. It caters specifically to High-Net-Worth Individuals (HNI) and Ultra High Net Worth Individuals (Ultra HNI) in India, offering various innovative financial products and <a target="_blank" href="https://www.planify.in/research-report/anand-rathi-wealth-management/">investment</a> solutions and also offers non-convertible, market-linked debentures (MLDs). Business Verticals: A) Private Wealth: The company caters to the HNI and Ultra HNI in this segment. In FY24, AUM stood at Rs. ~57,800 Cr vs Rs. ~37,900 Cr in FY23. It caters to 10,000+ active client families, serviced by a team of 332 RM's. 60% of its clients have been associated with it for over 3 years, representing 79% of the total AUM. Client attrition in FY24 was 1.0% vs 1.1% in FY23. Having an average of 30 clients per RM. B) Digital Wealth Segment: The company, through its subsidiary AR Digital Wealth, serves the mass affluent market segment using its 'Phygital' channel. As of FY24, this vertical has an AUM of ~ Rs. 1,500 Cr compared to Rs. 1,000 Cr in FY23. It has 422 client engagement partners and around 4,800 clients. C) Omni Financial Advisor: Through a subsidiary, FFreedom Intermediary Infrastructure, the company has introduced the OFA vertical, tailored specifically for Mutual Fund Distributors. It caters to the retail segment through a B2B2C model. As of FY24, this segment comprises ~5,900 mutual fund distributors and handles assets of Rs. 1,32,908 Cr of ~20.6 lakh clients. Revenue Mix <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfT5ul9q8zOD4BoimE3X5REV6ZD-cPnbncmwm9xj9CbY2GaIe3KLTwocLng0ZlOJ1EQJMosF-xN805w3ny3KzPDkR68QTg_jokwWWhs1yU5edTHK-g2IGKVXdXlx8_OxSs36u5RJ8kek3iEIAUB97EtebDwtLcqznbmfcokQw?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfT5ul9q8zOD4BoimE3X5REV6ZD-cPnbncmwm9xj9CbY2GaIe3KLTwocLng0ZlOJ1EQJMosF-xN805w3ny3KzPDkR68QTg_jokwWWhs1yU5edTHK-g2IGKVXdXlx8_OxSs36u5RJ8kek3iEIAUB97EtebDwtLcqznbmfcokQw?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,436" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>

​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfKGLnnNstESgyfeAeCFlHkXnSVRJYEf1tkXZPlaGZgnPKVxfWl2kip4xFX3aPDb2vCondSK39YJ45tSX1lQR4hE1YA68Rth0sa1BBnfMocbQbioPzr-wcK4wvnRsV_oIGdjL-NO0VZql0eYXP_voeqHMJTwyFiEVkVKnDyDQ?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfKGLnnNstESgyfeAeCFlHkXnSVRJYEf1tkXZPlaGZgnPKVxfWl2kip4xFX3aPDb2vCondSK39YJ45tSX1lQR4hE1YA68Rth0sa1BBnfMocbQbioPzr-wcK4wvnRsV_oIGdjL-NO0VZql0eYXP_voeqHMJTwyFiEVkVKnDyDQ?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="544,442" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ Key Points: The company has been ranked amongst the top 3 non-bank-sponsored mutual fund distributors in India by gross commission earned in FY23. The company has offices in 17 major Indian cities including Mumbai, Bengaluru, Delhi, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, Noida, etc, and a representative office in Dubai. The company has identified an underserved segment within the HNI category- individuals with a net worth between Rs. 5 Cr and Rs. 50 Cr. In FY24, it had 1,559 net new family additions to its client base. Beyond traditional wealth management, the company offers comprehensive value-added services like estate planning, succession planning, and will creation to its customers. <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXftyTVl51oQHLnFNcZ2rboLaNLeN8I66gTIFo0x8CwJ0FTH5Cvlv9cKhLiqiclOmx5UXMc7MoUE8WDax0jLQsNkGLqtd6QMQ_IrjQ-uv_7VQ0MQVpes3hrQFcNJRsbgR2fD4B9WXpLc2KA1AATyu0afebSA_FW7zwIWuDNAZg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXftyTVl51oQHLnFNcZ2rboLaNLeN8I66gTIFo0x8CwJ0FTH5Cvlv9cKhLiqiclOmx5UXMc7MoUE8WDax0jLQsNkGLqtd6QMQ_IrjQ-uv_7VQ0MQVpes3hrQFcNJRsbgR2fD4B9WXpLc2KA1AATyu0afebSA_FW7zwIWuDNAZg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,350" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>

Management Profiling: Anand Rathi (Founder &amp; Group Chairman): Mr. Anand Rathi is the founder and the driving force behind the Anand Rathi Group. He is a gold medalist-chartered accountant and a prominent financial and investment expert in India and the broader Southeast Asian region. Mr. Rathi had a successful career with the Aditya Birla Group, where he was a key member and played a significant role in developing the group's flagship cement business. In 1999, Mr. Rathi was appointed as the president of the BSE (Bombay Stock Exchange). He is a respected member of the ICAI with 53 years of experience across various sectors. Pradeep Gupta (Co-Founder &amp; Vice Chairman): Mr. Pradeep Gupta, the co-founder, is the driving force behind the well-established Anand Rathi organization throughout India. He originally started with a family-owned textile business and then ventured into the financial world with Navratan Capital &amp; Securities Pvt. Ltd. After expanding the business, Mr. Gupta teamed up with Mr. Anand Rathi to form the Anand Rathi Group. With over two decades of experience in the financial sector, he has played a key role in the success of the Institutional Broking and Investment Services arms. Additionally, he is an active member of the Rotary Club of Bombay. Rakesh Rawal (Chief Executive Officer): Rakesh Rawal joined AnandRathi Wealth Limited as the Chief Executive Officer in 2007. Leading the organization for over 17 years, he is one of the longest-standing CEOs in the wealth management industry. Rakesh has over four decades of experience in the consumer products, engineering, banking, and private wealth industry. He has previously worked with Hindustan Unilever and Deutsche Bank. He earned his bachelor's degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur, and his Master's in Management Studies from Jamnalal Bajaj Institute of Management Studies. Financials: <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjhzZDpFhjxIQiwSVAmqvVZtHXUC7ZFRuixWhswAQy9A9rFyaqw1lansAr42Bs0nQ7MunIYr6xEWM9BL2HN7BD9f2w1WGKXKHgX9pq3hXr7ePZZGpS-ybhRh4_19YLSC6iZRXxuO0XQAUy8GEPn94uqDh9_8b5rEJ3zT9Yrg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfjhzZDpFhjxIQiwSVAmqvVZtHXUC7ZFRuixWhswAQy9A9rFyaqw1lansAr42Bs0nQ7MunIYr6xEWM9BL2HN7BD9f2w1WGKXKHgX9pq3hXr7ePZZGpS-ybhRh4_19YLSC6iZRXxuO0XQAUy8GEPn94uqDh9_8b5rEJ3zT9Yrg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1059,274" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd8aGSSSAcAVYtBtMzUVmcHwyrcA9knvooeZscqDBG3lFjjuKAnP40po-J4el66zyGXmufvYeUDkXTAHQ9TWKQE9OlKknAn_eAi9cJsYY_k2mDp-KSNiodz-z_OPlHWTaSRJlx7KEP-xGGV7AZbIe6ztp2UwZZSFsCSUF3pHg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXd8aGSSSAcAVYtBtMzUVmcHwyrcA9knvooeZscqDBG3lFjjuKAnP40po-J4el66zyGXmufvYeUDkXTAHQ9TWKQE9OlKknAn_eAi9cJsYY_k2mDp-KSNiodz-z_OPlHWTaSRJlx7KEP-xGGV7AZbIe6ztp2UwZZSFsCSUF3pHg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,347" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcpXujlZvpLZ3HoJfdkMP0qopZR7gr_UyPQ5JJUQ6NH_slDnZQq1zwFsxCeAnivwrtPTaTkTA_uyhkY4XNohu4mWopBKi8IdQzeDSe35RyNpezt8xXOFJMbKDu0oev2R2lWvqFq7VlPNpTHEIOlumGtiS4PvrMj9ssZZVRzHA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXcpXujlZvpLZ3HoJfdkMP0qopZR7gr_UyPQ5JJUQ6NH_slDnZQq1zwFsxCeAnivwrtPTaTkTA_uyhkY4XNohu4mWopBKi8IdQzeDSe35RyNpezt8xXOFJMbKDu0oev2R2lWvqFq7VlPNpTHEIOlumGtiS4PvrMj9ssZZVRzHA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,385" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​

The revenue of the company has grown at a CAGR of 22% in the past 5 years with an average growth rate of 25%, also the company’s revenue registered a growth of 35% to Rs 752 Cr in FY24. The PAT grew by 34% to Rs 226 Cr in FY24 maintaining an NPM of 30%. The company maintains its growth on four pillars: Penetration in the existing client families: The company identifies the massive potential for increasing its wallet share within the existing client base of 9,911 families. This indicates a strategic focus on deepening relationships with current clients by offering more comprehensive services and investment products​. Addition of New Clients: In FY24, the company added a net of 1,559 new families to its client base, demonstrating robust growth and a strong endorsement of its wealth management capabilities. Addition of New Relationship Managers: The company prioritizes expanding its team of Relationship Managers (RMs). In FY24, the company had 332 RMs and 394 Account Managers (AMs), with 122 AMs promoted to RMs over the last five years. The regret RM attrition rate is 0.64% for the year 2023-24, indicating a stable workforce and effective retention strategies. Returns on Investment: The company's private wealth division has consistently achieved positive results in financial planning and investment strategies, leading to a robust return on equity of 40% for FY24. KPIs:​ <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfj8ecPZS0mWncwAJHpDDe5gRZF21gImvu2kO5LPEdX_Z3iPKkdqX9blORzmbSfuuexWQTfnJzKjIKdeg-CpsTmAgqrbgvUqFW3jitMqHUhKjVHDd7DgqmiXqFjOsP68vIfFfOy1UC_FnLcIYUN1U8bMC5Kkl5wvMbnSnz0-w?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfj8ecPZS0mWncwAJHpDDe5gRZF21gImvu2kO5LPEdX_Z3iPKkdqX9blORzmbSfuuexWQTfnJzKjIKdeg-CpsTmAgqrbgvUqFW3jitMqHUhKjVHDd7DgqmiXqFjOsP68vIfFfOy1UC_FnLcIYUN1U8bMC5Kkl5wvMbnSnz0-w?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,427" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQ_iGQtUnZ1oUW6ChsMGKrvnLv8qhh1vK5pLSKv7GCJqfdyyQOf6KNEusT1miGhV4JyKBpUKaq1ScSoZKTD633jrOPJfzpgDKd1R8gfvxJ-_0SoSkgFKSY9e1BFBgTjQxj5O2hhfXFWUQBNsjNKMf5GgH9FsF0sB3A34Wpgg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXdQ_iGQtUnZ1oUW6ChsMGKrvnLv8qhh1vK5pLSKv7GCJqfdyyQOf6KNEusT1miGhV4JyKBpUKaq1ScSoZKTD633jrOPJfzpgDKd1R8gfvxJ-_0SoSkgFKSY9e1BFBgTjQxj5O2hhfXFWUQBNsjNKMf5GgH9FsF0sB3A34Wpgg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,407" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe1jl0ciFmewollTL_NdmDZVehHEKtwAuJK53gwpG0WjVstHXyB_fgpcsTbIY7EvakKq8T74J6U7B6l7AP8U9Mjyeg5pi6GwH_Jj77F17jDBTV4fsCDTMUryH35zSZL1VisKd103uecnaTIHVPWVRQ-7ca0_CSfNUX2BqbB?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXe1jl0ciFmewollTL_NdmDZVehHEKtwAuJK53gwpG0WjVstHXyB_fgpcsTbIY7EvakKq8T74J6U7B6l7AP8U9Mjyeg5pi6GwH_Jj77F17jDBTV4fsCDTMUryH35zSZL1VisKd103uecnaTIHVPWVRQ-7ca0_CSfNUX2BqbB?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,473" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCL4hBfIAJhblrvYNGTCIzmXoUNQ5IWEN4P95Xvyd3fpO6_tnRZi04BG1qogc83vXF3ndbag4kB46Ifo6XzZVb54rrFchAaAsjLvwvpY9ZRN4WEXFJQZIZ4jLcoTL1FdPwNMiM_oHHKvMhiGe0i_1vbdRKhV0pL5BiNxC3?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXdCL4hBfIAJhblrvYNGTCIzmXoUNQ5IWEN4P95Xvyd3fpO6_tnRZi04BG1qogc83vXF3ndbag4kB46Ifo6XzZVb54rrFchAaAsjLvwvpY9ZRN4WEXFJQZIZ4jLcoTL1FdPwNMiM_oHHKvMhiGe0i_1vbdRKhV0pL5BiNxC3?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,471" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​Reasons for the slight fall in ROE:Increased Equity Base: A significant increase in the company's equity base, through retained earnings or equity infusion, has diluted ROE. While beneficial for long-term growth, a larger equity base can reduce the proportionate returns generated.Marginal Increase in Net Income: Although ARWL experienced growth in net profit, the increase has not been proportional to the rise in equity. ROE will decrease when the net income growth is slightly slower than the equity growth.Dip in Asset Turnover: The company's asset turnover ratio has reduced from 0.93x to 0.87x thus, affecting the ROE negatively. ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd84ApjGqtFVYLoADdTKnM3NkCyTSViRxP1VmK-CcAO8kHNKdPaZgqbteaNrXCbvOOiucS5lCJy24G_lFv2nfClN6FMkDxJWKxEsnCOXj7dUPRnwEHlr59qyzGLv1Mu0FSTj9DVaQ6cyEcBV6Uf866E8jID518Yp60-Q1kyYA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXd84ApjGqtFVYLoADdTKnM3NkCyTSViRxP1VmK-CcAO8kHNKdPaZgqbteaNrXCbvOOiucS5lCJy24G_lFv2nfClN6FMkDxJWKxEsnCOXj7dUPRnwEHlr59qyzGLv1Mu0FSTj9DVaQ6cyEcBV6Uf866E8jID518Yp60-Q1kyYA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,464" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc2HUaAK6Fw__onT49xsi4KughJoZwBp_E7oy-Q5rxRXgyqGbXqF1a4fttKZr5unJ24oQ2pJfXZT_mmSW9sjSEu-xDUKLapo0pXQiTquba7_RX7iGHcvqeoWFlE5V5HJZB8rXcu9pFHb-e106AutEqFdeDq9bG_eygxeY622w?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXc2HUaAK6Fw__onT49xsi4KughJoZwBp_E7oy-Q5rxRXgyqGbXqF1a4fttKZr5unJ24oQ2pJfXZT_mmSW9sjSEu-xDUKLapo0pXQiTquba7_RX7iGHcvqeoWFlE5V5HJZB8rXcu9pFHb-e106AutEqFdeDq9bG_eygxeY622w?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,477" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ Quarter-on-Quarter: <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfsEJ22B--ZultrR9IKhgVv8nR2NMKaNIFm_RjDFNHO87KgmYkj4j62cmYL3Os43WJTgyjMcEAUgcMDCpUy9XTY83qhEHb7asJR7mFkhxJmrPOaQu0x5VNmopzzgErSXcgh7wBfIyrZs3rNrTFvUJLqjGWm5ax600JLyFEdfQ?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfsEJ22B--ZultrR9IKhgVv8nR2NMKaNIFm_RjDFNHO87KgmYkj4j62cmYL3Os43WJTgyjMcEAUgcMDCpUy9XTY83qhEHb7asJR7mFkhxJmrPOaQu0x5VNmopzzgErSXcgh7wBfIyrZs3rNrTFvUJLqjGWm5ax600JLyFEdfQ?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1600,190" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> Looking at the numbers quarterly they have recorded a mean sales growth of 9% over the last 9 quarters which is at par with the average of peers, the company registered an average OPM of 43% over the last 9 quarters which is below the peer average of 49%. Additionally, the company has been able to maintain an average NPM of 31% which is above the peer average of 28%. These numbers are driven by strategies such as a strategic focus on reallocating assets between equity mutual funds and structured products. This is due to the lower standard deviation of structured products compared to equity mutual funds. Despite a strong market, the company plans to strategically reallocate towards structured products, aiming for a proportion of 28-30% by the end of the year. Some Highlights from con calls of Q4 FY24: The company aspires to achieve 1 client per Relationship Manager (RM) per month, aiming for a total of 200 new clients per month next year. Gross sourcing for primary issuance was Rs. 5,182 crores and secondary issuance was Rs. 1,474 crores. The focus remains on maintaining a 40% PBT margin and a 30% PAT margin. The company focuses on countering cognitive biases like recency bias and influences clients to make well-informed decisions rather than following market trends. The management plans to add 40-50 relationship managers (RMs) annually, focusing on maintaining quality and cultural fit rather than just increasing numbers. The digital Wealth segment aims to cater to the mass affluent market, with a 47% year-on-year growth in AUM, highlighting the importance of technology in delivering wealth management solutions. The management provided a growth guidance of 21% for revenue and 24% for earnings over the next couple of years. The anticipated asset mix over the next two years includes 30%-35% in structured products, 50%-55% in equity mutual funds, and 8%-10% in debt instruments. Some Highlights from con calls of Q1 FY25: The Indian economy is projected to grow at 7.2%, positioning it as one of the fastest-growing markets globally. This growth is expected to increase the number of high-net-worth individuals, presenting significant opportunities for the wealth management sector. The collateral service will continue without charges as it does not impact revenues directly but significantly strengthens the client's affection towards the company. When asked about the increment in RM productivity the management said RM productivity can increase as RMs give away smaller clients to their apprentices, who then become RMs themselves. This cycle allows the RM to take on more significant clients, thus increasing overall productivity without saturation. The trend of money flowing from old to new clients varies with market conditions. During favorable markets, new client acquisitions increase, while in tepid markets, the focus is more on existing clients. The company adjusts its strategies based on these cycles​. Ring-fencing is crucial for HNIs to protect their wealth from external liabilities. The company has been providing this service for free for many years, as part of their client-centric approach. Additionally, Anand Rathi Wealth has facilitated about 6,000 wills, ensuring comprehensive estate planning without charging clients for these essential services. The management expressed confidence in achieving a long-term growth rate of 20% to 25%, driven by the company’s robust performance and market conditions. Projections: <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeutDGQkqWE3478OBWjhfycj4UDcyiwAf52Tc1HG7vs_G3rOZmyOPvn0VusLuivC45XUiBUFUe1XTEAKOYXeOwS4TCSuXQx3XQAuC2o-rmFYXys1r-dV0lQTQB2HupNvs-UnXappFozl-X7XM0x-lN49g1tI_R3GKIdb1YGrg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXeutDGQkqWE3478OBWjhfycj4UDcyiwAf52Tc1HG7vs_G3rOZmyOPvn0VusLuivC45XUiBUFUe1XTEAKOYXeOwS4TCSuXQx3XQAuC2o-rmFYXys1r-dV0lQTQB2HupNvs-UnXappFozl-X7XM0x-lN49g1tI_R3GKIdb1YGrg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="981,235" data-origin="942px,226px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> As per the latest con call held by the company, the management has given a growth guidance of 21% revenue over 2-3 years and maintaining an average net profit growth of 24% over a similar period thus the above projections of topline and bottom line have been made as per the management guidance. This growth maintains the same share price next year the share will be available at a P/E of 55.9x next which would cool down to 45.1x in FY26. Valuations:​ <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcSxZV3z1fsRRkA7Dlwo5uTheWTjVcedgt95yEdWrHcad3Dyr4j7dDHKSJz8XN_G4z5LjOEV1gO2Qs4iXCHp56_bHqWCigQNEXgl6IOvQ4memfAOWArKPKktAg5e9WmiZjD13fHDSm7Fiyf8iDfLq6KrYLvqlHz4z7s1iAiQA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXcSxZV3z1fsRRkA7Dlwo5uTheWTjVcedgt95yEdWrHcad3Dyr4j7dDHKSJz8XN_G4z5LjOEV1gO2Qs4iXCHp56_bHqWCigQNEXgl6IOvQ4memfAOWArKPKktAg5e9WmiZjD13fHDSm7Fiyf8iDfLq6KrYLvqlHz4z7s1iAiQA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="718,186" data-origin="718px,186px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​The company is fundamentally performing well and experiencing healthy growth at a rate of over 20%. They are exploring new business areas and continually adjusting their asset mix strategy based on market conditions and customer needs. However, the company appears to be relatively expensive compared to its peers in terms of valuation. Technical:​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe9UFzSPKoNdRJNiDFpWpELdCElfDhJnO2yHaWlXQ2t_qsejW1wt_qvqeSuP-16pDOKG0IIjVPK267F_g0D3Xdl9BP18v5vCaNZKu18W8-WklHQJRgwkMhut749FQpfEZG46-jAOZ_bHyCoEa19-ztdblSNvaM69gVD5oWQcA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXe9UFzSPKoNdRJNiDFpWpELdCElfDhJnO2yHaWlXQ2t_qsejW1wt_qvqeSuP-16pDOKG0IIjVPK267F_g0D3Xdl9BP18v5vCaNZKu18W8-WklHQJRgwkMhut749FQpfEZG46-jAOZ_bHyCoEa19-ztdblSNvaM69gVD5oWQcA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="1341,786" data-origin="942px,552px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> Overvaluation of the company seems to be playing out on the chart as the stock price has met resistance at the price level of Rs 4,280 on three occasions which seems to be the rejection zone on the current market condition from there it came down to Rs 3,778 showing some signs of weakness. The RSI index shows a very low strength of 41.63 on the daily chart which further indicates a loss of momentum in the stock. The price can go to the low of Rs 3,416 which appears to be a previous support zone.

Anand Rathi Wealth Limited started as 'Hitkari Finvest Private Limited' on March 22, 1995.

Navigating Wealth with Precision: The Anand Rathi Approach

Hexaware Technologies Limited (the “Company”) has given notice for extra ordinary general meeting of the members of the company to be held on September 06, 2024, at 9.00 a.m. via video conferencing / other audio visual means (“VC/OAVM”) to transact the following business: 1. Appointment of Mr. Vivek Sharma as an independent directorMr. Vivek Sharma is eligible for appointment and the Company has received a notice in writing from a Member proposing his candidature for the office of Director pursuant to Section 160 of the Companies Act, 2013, be and is hereby appointed as an independent director on the board of directors of the Company, who shall hold office for a term of three years. Commencing date of approval by the Board i.e., August 13, 2024, and not be liable to retire by rotation. He shall be entitled to receive sitting fees for attending meetings of the Board or any committees thereof and commission as detailed in the letter of appointment dated August 13, 2024 and as may be determined by the Board from time to time. 2. Appointment of Ms. Sukanya Kripalu as an independent directorThe resolution approves the appointment of Ms. Sukanya Kripalu as a Non-Executive Woman Independent Director on the Board of Directors of Hexaware Technologies Limited. Her appointment, recommended by the Nomination and Remuneration Committee, is in accordance with the Companies Act, 2013, and SEBI Listing Regulations. Ms. Kripalu, who was initially appointed as an Additional Director effective August 13, 2024, will hold office for a three-year term starting from the approval date. She will receive sitting fees and commission as outlined in her appointment letter and will not be subject to retirement by rotation. 3. Adoption of new set of Articles of Association (AoA) of the company as per companies act, 2013The resolution approves the substitution of the existing Articles of Association of the Company with a new, amended set, in line with the provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws. This change was recommended by the Board of Directors in their meeting on August 13, 2024, and requires shareholder approval to adopt the new Articles of Association. 4. Adoption of new set of Memorandum of Association (MoA) of the company as per companies act, 2013The resolution approves the adoption of a new set of Memorandum of Association (MOA) for the Company, following the Board of Directors' approval on August 13, 2024. The new MOA will replace the existing one, with the following key changes: Main Objects (Clause III(A)): No changes to the existing sub-clauses 1 to 5.Objects Ancillary to Main Objects (Clause III(B)): The existing sub-clauses 6 to 56 are deleted and replaced with a new set of sub-clauses 6 to 55.Other Objects (Clause III(C)): This clause is deleted and its contents are merged into Clause III(B).Liability of Members (Clause IV): The clause is updated to clarify that members' liability is limited to the unpaid amount on their shares.&nbsp;Authorized Capital&nbsp;(Clause V):&nbsp;No changes to the existing clause. These changes require shareholder approval and align the MOA with the Companies Act, 2013, and other relevant regulations. 5. Amendment to the Hexaware Technologies Limited - employee stock option plan 2015 The resolution authorizes the amendment of the Hexaware Technologies Limited employee stock option plan 2015 (ESOP 2015 Plan). This is done in accordance with various provisions of the Companies Act, 2013, SEBI regulations, and other applicable laws and regulations. The amendment will be subject to any necessary approvals from relevant authorities and will comply with the current legal requirements. 6. Amendment to the Hexaware employees stock option plan 2024The resolution approves the amendment of the Hexaware employees stock option plan 2024 (ESOP 2024 Plan) in accordance with various provisions of the Companies Act, 2013, SEBI regulations, and other applicable laws. The amendment will comply with legal requirements and is subject to necessary approvals and conditions set by relevant authorities.

Hexaware issues notice of the extra-ordinary general meeting of the equity shareholders

Technical<div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 50%"><figure style="width: 50%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXedWaZ6vpZNbj6PU_UI9Ful1Iwfq1tBOrX6D9oSR2mBWbbgMJ6pkmF3L9RCun5cgDCXD81t4faTqTGflSFVv7MViDZRsbHfjrZ_ic3xb-E0IcGSKK0Bd5Z9jH8ABrsic1XMiMqGHypUbmmG5RqTTOL4X2JEbwJf_Y8Qr9Ey?key=DxeKYr9I0SumUwGZpDOeFg" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXedWaZ6vpZNbj6PU_UI9Ful1Iwfq1tBOrX6D9oSR2mBWbbgMJ6pkmF3L9RCun5cgDCXD81t4faTqTGflSFVv7MViDZRsbHfjrZ_ic3xb-E0IcGSKK0Bd5Z9jH8ABrsic1XMiMqGHypUbmmG5RqTTOL4X2JEbwJf_Y8Qr9Ey?key=DxeKYr9I0SumUwGZpDOeFg" data-file-size="0" data-origin="," data-size="50%," data-rotate="" data-percentage="50," origin-size="1341,786" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 50%"><figure style="width: 50%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeLfof0WZajHTgZF4O7fcRx4ZC49iPXkYZrQfbQ5qjoG6KMTOHgtzX4fFeCS0JZzXsdnh7Qlxq1RCjIfpZktwjkIdQ6kJFsi2JBoF0xoc4OtthueZjCf_AspKyUoPEGzvQaoINhR0YVHDvMeYYPXkwNfKnI1UrdA5zh-NSCfw?key=DxeKYr9I0SumUwGZpDOeFg" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXeLfof0WZajHTgZF4O7fcRx4ZC49iPXkYZrQfbQ5qjoG6KMTOHgtzX4fFeCS0JZzXsdnh7Qlxq1RCjIfpZktwjkIdQ6kJFsi2JBoF0xoc4OtthueZjCf_AspKyUoPEGzvQaoINhR0YVHDvMeYYPXkwNfKnI1UrdA5zh-NSCfw?key=DxeKYr9I0SumUwGZpDOeFg" data-file-size="0" data-origin="," data-size="50%," data-rotate="" data-percentage="50," origin-size="1341,785" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​

The Co. was established in 1994 and entered the equity broking segment in 2000. Subsequently, it diversified its offerings by undertaking derivatives trading in 2007, currency trading in 2008, and commodities trading in 2012.

Share India Securities -  A story of execution and achievement

Notice is hereby given that the 33rd Extraordinary General Meeting (EGM) of the members of Fincare Business Services Limited (the “Company”) is scheduled for Friday, September 6, 2024, at 12:00 P.M at Ground Floor, Bren Mercury, Kaikondanahalli, Sarjapur Main Road, Bengaluru 560035 KA IN to, among other things, consider and transact the following business: Special Business: To sell/transfer/ dispose of the shares held by the Company in AU Small Finance Bank Limited, either in full or in part​Special resolution:The shareholders have resolved that the Company is authorized to sell, transfer, or dispose of its shares in AU Small Finance Bank Limited within 18 months, for up to Rs 1,000 Crores. The Managing Director, Chief Financial Officer, Company Secretary, and Directors are authorized to finalize necessary documents and handle all related matters. They are also authorized to certify and issue a copy of this resolution to all concerned parties.

Notice of 33rd Extraordinary General Meeting (EGM) to the members of Fincare Businesses Service Ltd. - 6th September, 2024

E-voting will commence on August 14, 2024, at 9:00 a.m. (IST) and end on September 13, 2024, at 5:00 p.m. (IST). Members can cast their vote electronically within this period. After scrutiny of the votes, the Whole-time Director will announce the results within the stipulated timelines. The results will be displayed on the company's website communicated to the stock exchanges and made available on their websites. Additionally, the results will be displayed on the Notice Board at the Registered Office of the Company. SPECIAL BUSINESS:<ul><li>​Re-appointment of Mr. K.M. Kuriakose (DIN: 08924909) as an Independent Director. </li></ul>​They have agreed to reappoint Mr. Kuriakose as an Independent Director of the Company. He was initially appointed for a one-year term until May 23, 2024, and is currently serving as an Additional Director (Non-Executive, Independent) since May 23, 2024. He is eligible for reappointment as an independent director for a second term of five years, starting from May 23, 2024, and shall not be liable to retire by rotation. The Board of Directors is authorized to take all necessary actions and file required forms, returns, and information with the relevant authorities to give effect to the aforementioned resolution.<ul><li>​Re-appointment of Mr. Joseph Paul Menacherry (DIN: 06540233) as an Independent Director. </li></ul>​Based on the recommendations of the Nomination and Remuneration Committee and Board of Directors, members have approved the reappointment of Mr. Joseph Paul Menacherry as an Independent Director of the Company for a term of 5 years starting from June 08, 2024. The Board of Directors is authorized to take all necessary actions to implement this decision and file required forms and returns with the appropriate authorities.

Postal Ballot notice to the members of KLM Axiva Finvest Ltd. - 14th August, 2024 to 13th September, 2024

The financial performance of Amalgamation Repco for FY24 shows a significant decline in several key metrics compared to FY23. The total revenue has decreased by 7%, amounting to ₹201 Cr in FY24 from ₹216 Cr in FY23. There is a sharp drop in profit after tax (PAT) by 66%, down to ₹1 Cr. in FY24 from ₹4 Cr in FY23. Similarly, earnings per share (EPS) also fell by 66%, reaching ₹13 in FY24 from ₹38 in FY23. Total assets have reduced by 14%, standing at ₹87 Cr. as compared to assets worth ₹101 Cr. in FY23. Despite these declines, total equity has seen a slight increase of 1%, rising to ₹34 Cr. This suggests the company is facing substantial challenges, particularly in profitability and asset management, while managing to maintain a stable equity base.

Amalgamation Repco has released its financials for FY24

Read in-depth articles on unlisted shares, pre-IPO companies and IPOs. Get company results analysis, valuation insights and investor guides on Planify.

Discover. Learn. Stay Ahead.