Chennai-based home equipment maker Butterfly Gandhimathi Home equipment has reported a internet lack of ₹19 crore for the quarter ended March 31, 2022, as in opposition to a internet revenue of ₹9 crore for the corresponding quarter final yr. Income was down by 3 per cent to ₹199 crore (₹206 crore), based on an organization announcement to the Bombay Inventory Change.
For the yr ended March 31, 2022, the online revenue was down by greater than half to ₹16 crore (₹36 crore) on elevated income of ₹1,005 crore (₹870 crore).
On February 22, 2022, a Share Buy Settlement (SPA) was entered into amongst the corporate, erstwhile promoters and sure members of the erstwhile promoter group of the corporate and Crompton Greaves Shopper Electricals (Crompton) for the sale of 55 per cent of the issued and paid-up fairness share capital of the Firm.
Subsequent to the acquisition of 55 per cent of the issued and paid-up fairness share capital of the corporate, Crompton has develop into the promoter and holding firm of the corporate from March 30, 2022, the outcomes assertion stated.
The general public announcement in reference to the open supply was made by Crompton on February 22, 2022 for acquisition of 26 per cent of the voting share capital of the corporate from the general public shareholders of the corporate. The draft letter of the open supply was filed by Crompton with the Securities & Change Board of India on March 04, 2022 and SEBI gave last observations on Could 10, 2022. Pursuant to this, Crompton will additional progress on the open supply course of, the assertion stated.
The corporate’s share worth on the BSE closed at ₹1,401.50, down by 0.06 per cent.
Revealed on
Could 11, 2022
