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Second Hand Furniture Buyers in Vadapalani call 7401 735 735
Second Hand Furniture Buyers Chennai | Old Furniture Disposal Buyer Chennai | Furniture Buyers Chennai | Used Furniture Buyers in Chennai | Furniture is an essential requirement for every household. Additionally, furniture plays a prominent role in various premises. Over time, furniture may break, become damaged, or fall out of style. When it no longer serves a purpose for you, it becomes furniture scrap. These unused furniture items can be found in your home or other locations. Do you find it challenging to sell your second-hand furniture quickly and efficiently in Chennai?
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Srestha Finvest Limited Announces Key Updates from November 2024 Board Meeting
On November 14, 2024, Srestha Finvest Limited held a pivotal meeting of its Board of Directors, with discussions revolving around financial performance and corporate governance. The meeting, held at the company’s registered office in Sowcarpet, Chennai, was crucial for assessing the company's progress and planning its future direction.
The session, which began at 6:30 PM and concluded at 7:30 PM, demonstrated the company's commitment to transparency, accountability, and strategic growth. Key decisions and updates from the meeting have been communicated to the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange of India (MSEI), underscoring the company's adherence to regulatory obligations and shareholder communication.
A highlight of the meeting was the Board's approval of the unaudited financial results for the quarter and half-year ended September 30, 2024. Accompanying these results were the Statement of Assets and Liabilities, the Statement of Cash Flows, and the Limited Review Report prepared by the company’s statutory auditors. These documents provide a comprehensive snapshot of Srestha Finvest's financial health and operational efficiency for the reporting period.
The Board also reviewed compliance-related matters in line with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This discussion reinforced the company’s focus on maintaining robust governance and aligning its operations with industry standards. Additionally, the Board deliberated on general business propositions and ongoing operations, ensuring a steady course for the company in a dynamic business landscape.
The financial results, supported by a Limited Review Report, signal the company's commitment to transparency and precision in financial reporting. These measures help maintain investor confidence and provide stakeholders with a clear understanding of the company’s performance.
As Srestha Finvest Limited continues its journey in the financial sector, this meeting reflects the organization's dedication to strategic decision-making and compliance. With a robust review of its operations and a focus on growth, the company aims to deliver sustained value to its stakeholders.
The updates were formally signed and communicated by Mr. A. Jitendra Kumar Bafna, the Company Secretary and Compliance Officer, who also enclosed the relevant documentation for record purposes. This announcement reaffirms Srestha Finvest's mission to operate with integrity, ensuring its commitments to shareholders, regulators, and the broader market are met with excellence.
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Find the finest rattan core material for sale online. Explore top-notch supplies for basket weaving and discover a wide range of rattan core options.
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Shop, Trade, Thrive: Market of India, Chennai's One-Stop Hub for Entrepreneurial Dreams
Imagine a vibrant tapestry woven with the threads of commerce, buzzing with the energy of traders, and brimming with the promise of opportunity. Welcome to Market of India, Chennai's crown jewel, where tradition meets innovation in a breathtaking retail and wholesale extravaganza.
Market of India isn't just a marketplace; it's a microcosm of India's entrepreneurial spirit. Nestled within the expansive SPR City, it transcends the ordinary, aspiring to be India's largest organized wholesale and retail center. But what makes it truly special?
1. A Legacy of Trade: Located just footsteps from Chennai's historic trading hubs like Sowcarpet and Purasawalkam, Market of India carries the torch of generations of commerce, reimagined for the modern world. It's a bridge between the rich traditions of the past and the cutting-edge possibilities of the future.
2. A World of Choice: Step into Market of India and prepare to be dazzled. Over 50 trades, spread across 1 lakh square feet of central plaza, offer a cornucopia of goods. From textiles and spices to electronics and furniture, you'll find everything under one roof, catering to every need and every budget.
3. Convenience Meets Efficiency: Gone are the days of battling cramped lanes and chaotic traffic. Market of India boasts world-class infrastructure, seamless logistics, and easy access to the Chennai harbour. It's designed for smooth trade, making business a breeze.
4. Beyond Bricks and Mortar: Market of India isn't just about physical space; it's about fostering a vibrant community. With plans for online trade integration and business support services, it empowers entrepreneurs to reach new heights, both local and global.
5. A Vision for the Future: Market of India's ambitions stretch far beyond its walls. It aims to be a catalyst for economic growth, generating over 40 lakh monthly footfalls and creating opportunities for countless businesses and individuals.
So, whether you're a seasoned trader, an aspiring entrepreneur, or simply curious about the future of commerce, Market of India beckons you. Come and witness the evolution of trade, experience the vibrancy of entrepreneurship, and be part of something truly transformative.
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This magazine takes you on a captivating journey through the bustling, colorful, and culturally rich streets of Chennai. From the bustling bazaars of Sowcarpet to the serene alleys of Mylapore, we uncover the stories, traditions, and flavors that make Chennai's streets a captivating mosaic of life, culture, and heritage.
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Plus Size 3 Georgette Kurthi Rs.999 Only Blush Combo Offers Sale New look kurti pant design
blush shop sowcarpet has new look kurti pant designs, georgette kurti design and Anarkali dress with online shopping are here at sowcarpet shopping in Chennai.blush sowcarpet shop has dress offers in Chennai for combo offer kurti at a reasonable price. kurti cutting and stitching give a perfect look to the dress .new model kurtis of long kurti designs for women, latest model Kurtis also umbrella cut kurti designs are here at sowcarpet dress collection. Boutique-style kurti collections are also here at this shop. Best Kurti collections are also here in this shop with the latest designs and colors.
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Srestha Finvest Ltd Announces Key Board Meeting Outcomes and Funding Initiatives
Srestha Finvest Ltd, a leading financial services company, recently held a board meeting on October 9, 2024, to discuss significant business matters. The meeting brought forth decisions that emphasize the company's continued focus on growth, financial sustainability, and compliance with regulatory frameworks. The company, headquartered in Sowcarpet, Chennai, is moving forward with plans aimed at raising capital and bolstering its financial structure.
The board meeting was primarily convened to deliberate on key proposals, including the issuance of convertible warrants, raising funds through Qualified Institutional Placements (QIP), and revising borrowing limits. The company has also called for an Extraordinary General Meeting (EGM) to seek approval from its shareholders on these matters.
Addressing an Inadvertent Error In the initial outcome of the board meeting communicated earlier on October 9, 2024, there was a clerical error regarding the issuance of equity shares. The company mistakenly referred to equity shares instead of convertible warrants in one of the key business decisions. Recognizing the need for accuracy, Srestha Finvest Ltd promptly rectified this mistake. The revised outcome reflects the correct information—pertaining to the issuance of 93 crore convertible warrants at an issue price of ₹1.05 each, which includes a premium of ₹0.05.
Fundraising Through Qualified Institutional Placements (QIP) In a significant move, Srestha Finvest Ltd approved the raising of funds through the issuance of equity shares with a face value of ₹1 per share. The total value of this QIP issue will not exceed ₹100 crore. This decision aligns with the company's strategy to access institutional capital while adhering to the regulatory requirements set by SEBI. The QIP will provide the company with a stable source of funding, which will be instrumental in fueling its growth and expansion plans.
The company’s communication also includes detailed provisions laid out by SEBI’s circular, ensuring that the process adheres to the highest standards of transparency and governance.
Issuance of Convertible Warrants One of the most noteworthy decisions taken during the board meeting is the approval to issue up to 93 crore convertible warrants. These warrants, with a nominal value of ₹1 per unit, will be offered at an issue price of ₹1.05. This preferential allotment is governed by SEBI’s (Issue of Capital and Disclosure Requirements) Regulations of 2018. The issuance will be subject to the necessary approvals from the company's shareholders and regulatory bodies.
The warrants provide investors with the right to subscribe to equity shares at a later stage, and this move is designed to enhance the company’s capital base and offer flexibility in its capital structure. The convertible warrants will allow the company to bring in new investors while maintaining control over its capital allocation.
Borrowing Limit Increase The board also decided to increase the company’s borrowing limits to ₹500 crore. This move, subject to approval under Section 180(1)(c) of the Companies Act, 2013, signifies the company's readiness to take on larger financial obligations, which is crucial for funding its future projects and operational expansions.
By raising the borrowing limit, Srestha Finvest Ltd is demonstrating its commitment to scaling its operations and strengthening its financial position in the competitive market.
Extraordinary General Meeting (EGM) The board has scheduled an Extraordinary General Meeting (EGM) for Friday, November 8, 2024, at the company’s registered office in Chennai. During this meeting, shareholders will be asked to approve several resolutions, including those pertaining to fundraising through QIP, the issuance of convertible warrants, and the increased borrowing limits.
The notice of the EGM was approved by the board, and it is expected that the shareholders will be actively involved in these crucial decisions. The EGM will serve as a platform for Srestha Finvest Ltd to align its strategic goals with shareholder expectations.
Maintaining Transparency and Compliance Srestha Finvest Ltd is committed to maintaining the highest standards of transparency and compliance with all regulatory requirements. As part of this commitment, the company has ensured that all the necessary details, as required by SEBI Circulars, are disclosed. This includes full information about the QIP and preferential allotment of convertible warrants.
The company has also taken care to close its trading window in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. This ensures that there is no opportunity for insider trading during this critical period of decision-making and financial restructuring.
Conclusion The board meeting held on October 9, 2024, marks a significant chapter in the growth story of Srestha Finvest Ltd. With a strong focus on fundraising, financial restructuring, and adherence to regulatory frameworks, the company is positioning itself for sustained growth. The decisions taken at the meeting, including the issuance of convertible warrants, QIP, and increased borrowing limits, underscore the company’s commitment to creating long-term value for its shareholders.
The upcoming Extraordinary General Meeting will be a pivotal moment for Srestha Finvest Ltd as it seeks the necessary approvals to implement these plans. Through careful planning and strategic decision-making, the company is set to navigate the challenges of the financial markets while capitalizing on opportunities for expansion and growth.
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