Net profit of Shivalik Bimetal Controls declined 1.97% to Rs 19.94 crore in the quarter ended September 2024 as against Rs 20.34 crore during the previous quarter ended September 2023. Sales declined 0.87% to Rs 126.65 crore in the quarter ended September 2024 as against Rs 127.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales126.65127.76 -1 OPM %21.2922.83 - PBDT29.4430.38 -3 PBT26.5727.46 -3 NP19.9420.34 -2 Powered by Capital Market - Live News

Shivalik Bimetal Controls will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News

Shivalik Bimetal Controls announced that Harpreet Kaur (DIN: 07012657), Non-Executive Non-Independent Director ceased to be Director of the company with effect from close of business hours on 26 October 2024.Powered by Capital Market - Live News

Shivalik Bimetal Controls announced that S.S. Sandhu will be stepping down as Chairman of the Board by January 2025. At the 40th Annual General Meeting of the Company, held today in Solan, Himachal Pradesh, the Chairman, S. S. Sandhu, introduced the next generation of leadership, with key members including Kabir Ghumman, Sumer Ghumman, Rajeev Ranjan, and Kanav Anand.These management responsibilities to the `nextgen` leaders of SBCL have ensued post the consolidation of shareholding within the promoter group. On 14 August 2024, S.S. Sandhu and Sarita Sandhu transferred a combined 2.62% of their shareholding in SBCL to Sumer Ghumman as a gift. Additionally, on 23 August 2024, TSL Holdings divested its entire 5.87% stake in SBCL through an off-market transaction. This consolidation saw 4.15% sold to Sumer Ghumman and the remaining 1.72% to O D Finance and Investment, both part of the existing promoter group. Going forward, the existing promoter family intends to continuously increase its holding in the company incrementally, reflecting their conviction in the company`s strategic growth journey and long-term potential.Powered by Capital Market - Live News

Shivalik Bimetal Controls announced that the 40th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live News