Integra Essentia to consider bonus shares soon - Check details

Recycling player Integra Essentia is expected to soon announce bonus shares for shareholders. The company, which specialises in life essentials such as agro products, has informed the BSE that it has fixed a date on which its board of directors will meet to consider and approve the proposal of the declaration of bonus shares.

"Board of Directors of the Company is scheduled on 27/11/2023, inter alia, to consider and approve i. to consider and recommend a proposal of declaration of Bonus Shares to the Shareholders of the Company subject to requisite approvals," the company said in an exchange filing. 

The Board of Directors of the company, according to an exchange filing, will also consider fundraising, by way of the issue of securities, convertible instruments, or any other method.

"...to augment the financial resources of the Company, fundraising, by way of issue of securities, convertible instruments, or any other method or combination thereof, for cash or otherwise, and to appoint requisite intermediaries required for this purpose," the filing reads.

Meanwhile, Integra Essentia has reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income. It had clocked a net profit of Rs 2.15 crore in the year-ago period, the company said in a statement on Thursday.
 
The company's total revenue rose to Rs 74.75 crore over Rs 59.40 crore in the year-ago quarter. Its expenses were at Rs 64.96 crore as against Rs 57.30 crore a year ago. Integra Essentia is in the steel and renewable energy business.

The company's revenue from operations grew by 17.11 per cent from Rs 57.12 crore in Q2FY23 to Rs 66.89.71 Lakhs in Q2FY24. Similarly, EBITDA registered a strong jump of 420.98 per cent from Rs 211.11 Lakhs in Q2FY23 to Rs 1099.84 Lakhs in Q2FY24.