Hot Pursuit     09-Apr-24
Premier Explosives soars on stock split proposal
Premier Explosives zoomed 16.96% to Rs 1975 after the company announced that its board will meet on Friday, 19 April 2024, to consider a proposal of sub-division/split in the face value of equity shares of the company.

At the same meeting, the board will also consider a proposal to raise funds by issue of equity shares or convertible instruments by way of public issue, preferential Issue, private placement (including one or more qualified institutional placements), or through any other permissible mode and / or combination thereof to eligible investors.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.

The company had reported a consolidated net profit of Rs 1.71 crore in the quarter ended December 2023 as against Rs 0.63 crore during the previous quarter ended December 2022. Sales rose 19.46% to Rs 44.56 crore in Q3 FY24 over Q3 FY23.

Previous News
  Premier Explosives reports standalone net profit of Rs 2.57 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   17:36 )
  Premier Explosives to announce Quarterly Result
 ( Corporate News - 13-Jan-24   11:20 )
  Premier Explosives consolidated net profit rises 0.78% in the June 2022 quarter
 ( Results - Announcements 03-Aug-22   17:17 )
  Premier Explosives reports consolidated net profit of Rs 3.10 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   18:01 )
  Premier Explosives to convene board meeting
 ( Corporate News - 20-Oct-23   12:06 )
  Premier Explosives receives enhanced order from Israel Aerospace Industries
 ( Corporate News - 30-Dec-20   17:17 )
  Premier Explosives signs MoA with Indian Air Force
 ( Corporate News - 14-Dec-18   19:11 )
  Premier Explosives gains after order win
 ( Hot Pursuit - 13-Nov-20   14:09 )
  Premier Explosives receives Arms License
 ( Corporate News - 26-Oct-18   12:53 )
  Premier Explosives spurts after winning order
 ( Hot Pursuit - 03-Jun-19   15:00 )
  Board of Premier Explosives approves change in directorate
 ( Corporate News - 10-Nov-14   16:54 )
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