Moneyboxx Finance has allotted 15,375 equity shares under ESOP on 26 February 2024. Consequent to said allotment the issued, subscribed, and paid-up equity share capital of the Company would be increased from Rs. 29,90,62,610/- to Rs. 29,92,16,360/-.Powered by Capital Market - Live News

Net profit of Moneyboxx Finance reported to Rs 2.01 crore in the quarter ended December 2023 as against net loss of Rs 2.70 crore during the previous quarter ended December 2022. Sales rose 153.79% to Rs 33.45 crore in the quarter ended December 2023 as against Rs 13.18 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales33.4513.18 154 OPM %42.3918.44 - PBDT3.58-3.30 LP PBT2.68-3.75 LP NP2.01-2.70 LP Powered by Capital Market - Live News

Moneyboxx Finance crossed Rs. 500 crore assets under management (AUM) in November 2023 and attained a key milestone. The existing bankers support of the Company reached to the count of nine as Kotak Mahindra Bank got added to the list by sanctioning a term loan of Rs. 10 crore. As of today, the Company is backed by 30 lenders which includes 9 leading banks such as HDFC Bank, Federal Bank, State Bank of India and now, Kotak. Additionally, the Company also listed its Non-Convertible Debentures (NCD) amounting to Rs. 25 crore for the first time on BSE to diversify its funding profile. With the addition of listed NCD, the company will be able to tap resources through retail debt participation.Powered by Capital Market - Live News

Moneyboxx Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 December 2023 .Powered by Capital Market - Live News

Moneyboxx Finance announced equity capital raise of over Rs 75 crore by way of preferential allotment to HNIs, family offices and individual investors in its board meeting conducted on November 10, 2023. The proposed equity funding will almost double its existing capital base and provide a strong boost to its expansion plan and business growth. The Company, which drives financial inclusion by providing business loans to micro entrepreneurs in rural India, targets to expand its branch network to 100+ from current 80 branches across 7 states by Mar`24. The Company reported a strong turnaround in profitability in H1 FY24 on the back of strong NIM spread, and benefit of operating leverage with growing AUM. It reported net profit of Rs 3.01 crore in H1 FY24 compared to a net loss of Rs 4.52 crore in H1 FY23. Powered by Capital Market - Live News