PG Electroplast (PGEL) through its wholly owned subsidiary, PG Technoplast, has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for manufacturing of the EVs of Spiro Mobility (Spiro) in India. The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicle, lithium-Ion batteries and related components and for procurement of parts and raw materials for the same as specified by Spiro. Spiro shall be responsible for research and development, marketing, sale, and distribution of the EV products manufactured by PG Technoplast. Powered by Capital Market - Live News

Net profit of PG Electroplast rose 56.27% to Rs 19.33 crore in the quarter ended September 2024 as against Rs 12.37 crore during the previous quarter ended September 2023. Sales rose 45.80% to Rs 671.30 crore in the quarter ended September 2024 as against Rs 460.42 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales671.30460.42 46 OPM %8.408.16 - PBDT45.5128.65 59 PBT30.0617.60 71 NP19.3312.37 56 Powered by Capital Market - Live News

PG Electroplast will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live News

PG Electroplast announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 November 2024 .Powered by Capital Market - Live News

The Board of PG Electroplast at its meeting held on 19 October 2024 has approved the issuance of equity shares or other convertible securities by way of Qualified Institutions Placement, for an aggregate consideration not exceeding Rs. 1500 crore. Powered by Capital Market - Live News