Tinna Trade (Tinna), the holding Company of Fratelli Wines, announced that its Board of Directors, at its meeting held on 3 July 2024, approved preferential issue of equity shares and fully convertible warrants, both aggregating to, approx. Rs. 49 crore, to holders belonging to the promoter and non-promoter categories, comprising of: � Preferential issue of upto 10,72,460 equity shares at an issue price of Rs. 300 per equity share for cash towards and aggregate amount of up to Rs. 32.17 crore � Preferential issue of upto 564,350 fully convertible warrants at an issue price of Rs. 300 per warrant to be convertible at an option of warrant holder(s) in one or more tranches within 18 months of its allotment date into equivalent number of fully paid-up equity shares for an aggregate amount of upto Rs. 16.93 crore. The proceeds from this issuance shall be utilised to address the medium-to-long term growth objectives of the Company, and shall include investments in development of vineyard tourism, owned winery at Karnataka in substitution of existing leased winery at Bijapur, brand investments including new product development and towards other corporate purposes.Powered by Capital Market - Live News

Tinna Trade announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 August 2024 .Powered by Capital Market - Live News

Net Loss of Tinna Trade reported to Rs 0.01 crore in the quarter ended March 2024 as against net loss of Rs 0.47 crore during the previous quarter ended March 2023. Sales rose 68.83% to Rs 88.57 crore in the quarter ended March 2024 as against Rs 52.46 crore during the previous quarter ended March 2023.For the full year,net profit reported to Rs 0.12 crore in the year ended March 2024 as against net loss of Rs 2.64 crore during the previous year ended March 2023. Sales declined 16.58% to Rs 245.35 crore in the year ended March 2024 as against Rs 294.12 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales88.5752.46 69 245.35294.12 -17 OPM %1.342.33 -1.360.50 - PBDT0.110.12 -8 0.33-2.63 LP PBT0.080.08 0 0.21-2.83 LP NP-0.01-0.47 98 0.12-2.64 LP Powered by Capital Market - Live News

Tinna Trade will hold a meeting of the Board of Directors of the Company on 28 May 2024Powered by Capital Market - Live News

The Board of Tinna Trade at its meeting held on 22 April 2024 has approved the allotment of 3,07,79,184 equity shares of face value of Rs 10 each at an issue price of Rs 72 per equity share on preferential basis. With the allotment, the paid up equity share capital of the company stands increased to Rs. 39,34,39,340/- comprising 3,93,43,934 equity shares of face value of Rs. 10/- each.The Board also approved the allotment of up to 28,61,500 fully convertible warrants at an issue price of Rs 72 per warrant for an aggregate amount of Rs 20.60 crore on preferential basis. Powered by Capital Market - Live News