Hot Pursuit     12-Jun-24
Bhandari Hosiery zooms on fixing record date for rights issue
Bhandari Hosiery Exports soared 16.30% to Rs 9.06 after the firm fixed Wednesday, 19 June 2024, as the record date for the purpose of determining names of the shareholders eligible to apply for the equity shares in the rights issue of the company.
The committee has approved issue of 7,66,11,591 equity shares at an issue price of Rs 6.26/- per equity share (including premium of Rs 5.26 per equity share) for an amount aggregating up to Rs 47.96 crore to all the existing equity shareholders of the company on a rights basis in the ratio of 15 shares for every 32 shares held in the company.

The rights issue will open on 8 July 2024, last date for on market renunciation of the rights entitlements is fixed on 16 July 2024 and issue will close on 22nd July 2024.

Bhandari Hosiery Exports is engaged in manufacture of knitted fabrics Kora and dyed and is also in the manufacture and export of knitted hosiery garments such as T-Shirts, Pullovers, Sweat Shirts, Bermudas, Polo Shirts, Track Suits, Pajamas, Lowers, Ladies Knitted Tops with embroidery and prints etc. and manufacture, processing and trading of dyed and non-dyed fabrics at domestic and international levels. The Company confirms to International standards in Human Recourses Practices and adopts Eco-friendly standards in production.

The company reported a 4.48% rise in net profit of Rs 1.63 crore despite of 19.53% decrease in 88.83 crore in Q4 FY24 over Q4 FY23.

Previous News
  Bhandari Hosiery Exports standalone net profit rises 50.76% in the September 2021 quarter
 ( Results - Announcements 13-Nov-21   09:22 )
  Bhandari Hosiery Exports schedules AGM
 ( Corporate News - 19-Aug-20   13:48 )
  Bhandari Hosiery Exports announces board meeting date
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 ( Results - Announcements 30-Jun-20   14:41 )
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 ( Corporate News - 31-Jan-18   11:51 )
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  Bhandari Hosiery Exports net profit rises 213.33% in the December 2011 quarter
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 ( Hot Pursuit - 28-Dec-20   12:15 )
  Bhandari Hosiery Exports standalone net profit declines 33.33% in the September 2017 quarter
 ( Results - Announcements 15-Nov-17   15:51 )
  Bhandari Hosiery Exports to issue equity shares
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  Bhandari Hosiery Exports announces board meeting date
 ( Corporate News - 05-Feb-22   15:31 )
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