XPRO India has launched a QIP issue to raise Rs 150 crore on 26 February 2024 with floor price of Rs 1158.32 per equity share. Powered by Capital Market - Live News

Net profit of XPRO India rose 65.07% to Rs 10.68 crore in the quarter ended December 2023 as against Rs 6.47 crore during the previous quarter ended December 2022. Sales rose 3.31% to Rs 96.14 crore in the quarter ended December 2023 as against Rs 93.06 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales96.1493.06 3 OPM %15.8114.00 - PBDT17.0912.99 32 PBT14.4410.10 43 NP10.686.47 65 Powered by Capital Market - Live News

XPRO India will hold a meeting of the Board of Directors of the Company on 29 January 2024.Powered by Capital Market - Live News

XPRO India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 January 2024 .Powered by Capital Market - Live News

Xpro India has proposed a capital raising plan for the approval of the Shareholders, which has been announced as required. In summary, the Company intends to raise upto Rs. 140 crore through preferentialissue of Convertible Warrants and upto Rs. 150 crore through a Qualified Institutions Placement (QIP). The promoter group will also participate in the preferential issue, to signify their continuing commitment through their significant holding.The key intent of the Board is to further strengthen the capital resource base of the Company in light of the growth plans that are in motion, and the underlying strategic vision of being a focused player of consequencein the dielectric BOPP film business in the global space, besides consolidating our domestic first-mover status. The management is confident of being on track with the timelines for the expansions as detailed in the last Annual report, and as mentioned in subsequent releases. As a step towards enlarging our successful footprintin the industry`s global supply chain the Board has approved the setting up of a subsidiary in the United Arab Emirates; shareholders will be kept informed as required in due course about related developments.The Board believes that its emphasis on sound governance, financial discipline, and objectives on business scale and focus, are all important factors in value enhancement. The Board greatly appreciates the support of shareholders and looks forward to their due approvals. Powered by Capital Market - Live News