Sundram Fasteners announced that the Hon`ble National Company Law Tribunal, Chennai Bench has sanctioned the scheme of amalgamation of wholly owned subsidiaries namely Sunfast TVS [First Transferor Company] and TVS Engineering [Second Transferor Company](collectively called as Transferor Companies`) with Sundram Fasteners [Transferee Company] . The Appointed Date of the Scheme is 01 April 2023. Powered by Capital Market - Live News

Sundram Fasteners has received affirmation in credit rating at CRISIL A1+ for short term debt and commercial paper availed by the company. Powered by Capital Market - Live News

Sundram Fasteners has received reaffirmation in credit ratings for short term debt and commercial paper at CRISIL A1+. Powered by Capital Market - Live News

Sundram Fasteners has received affirmation in credit ratings for short term debt and commercial paper at CRISIL A1+. Powered by Capital Market - Live News

Net profit of Sundram Fasteners rose 9.95% to Rs 128.66 crore in the quarter ended December 2023 as against Rs 117.02 crore during the previous quarter ended December 2022. Sales declined 2.55% to Rs 1367.25 crore in the quarter ended December 2023 as against Rs 1403.03 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1367.251403.03 -3 OPM %14.7213.99 - PBDT225.51206.36 9 PBT171.85156.50 10 NP128.66117.02 10 Powered by Capital Market - Live News