MSTC announced that CARE Ratings has reaffirmed ratings on bank facilities of Rs 110 crore availed by the company at CARE BBB+; Stable/ CARE A2. Powered by Capital Market - Live News

The Board of MSTC at its meeting held on 15 March 2024 has approved the alteration in objects clause of the Memorandum of Association (MoA) of the Company by inserting new clauses and altering certain existing clauses relating to E-Commerce, Fintech, Data centre and Re-cycling business. Powered by Capital Market - Live News

MSTC announced that the Board of Directors of the Company at its meeting held on 8 February 2024, inter alia, have recommended the second interim dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of MSTC rose 6.23% to Rs 49.97 crore in the quarter ended December 2023 as against Rs 47.04 crore during the previous quarter ended December 2022. Sales rose 9.53% to Rs 184.98 crore in the quarter ended December 2023 as against Rs 168.88 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales184.98168.88 10 OPM %33.7032.47 - PBDT81.7769.03 18 PBT74.8263.56 18 NP49.9747.04 6 Powered by Capital Market - Live News

MSTC will hold a meeting of the Board of Directors of the Company on 8 February 2024.Powered by Capital Market - Live News