Narmadesh Brass Industries Ltd

Narmadesh Brass Industries Limited informed the BSE that there were no deviations or variations in the use of proceeds from its preferential issue of Rs 3,259 lakhs, raised on January 21, 2026, for the half year ended September 30, 2026.

Narmadesh Brass Industries Limited will hold a board meeting on Tuesday, November 3, 2026, at its registered office in Jamnagar, Gujarat, to consider and approve the unaudited financial results for the half year ended September 30, 2026.

Narmadesh Brass Industries Limited submitted a certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as confirmed by Kfin Technologies Limited, the company’s Registrar and Share Transfer Agent, and furnished to the BSE Limited and National Securities Depository Limited.

Narmadesh Brass Industries Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the announcement of the company’s unaudited financial results for the half year ended September 30, 2026, in accordance with SEBI regulations.

Narmadesh Brass Industries Limited informed the BSE Limited that the register of members and share transfer books will be closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, for the purpose of the company's 01st Annual General Meeting (AGM) Post IPO, scheduled to be held on Tuesday, September 29, 2026.

Narmadesh Brass Industries will hold a meeting of the Board of Directors of the Company on 25 May 2026.

The scrip was listed at Rs 495, a discount of 3.88% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 495 and a low of Rs 470.25. About 2,400 shares of the company changed hands at the counter. Narmadesh Brass Industries' IPO was subscribed 1.23 times. The issue opened for bidding on 12 January 2026 and it closed on 16 January 2026. The price of the IPO was fixed at Rs 515 per share. The IPO comprised a fresh issue of 700,800 equity shares and an offer for sale of 1,70,400 equity shares. The company will utilize the net proceeds for repayment/ prepayment, in full or in part, of certain outstanding borrowings, Purchase of machinery and equipment, funding Working capital requirements and general corporate purpose. Narmadesh Brass Industries is engaged in manufacturing diverse range of brass products catering to both domestic and international market. It also offers casting and forging services related to brass components at its manufacturing facility. As on 30 September 2025, the company has 81 labour. The company recorded revenue from operations of Rs 34.17 crore and net profit of Rs 4.01 crore for the period ended 30 September 2025. Powered by Capital Market - Live

The equity shares of Narmadesh Brass Industries (Scrip Code: 544680) are listed effective 21 January 2026 and admitted to dealings on the exchange in the list of ''MT'' group securities. At 09:31 IST, the pre-open indicative price of the stock was flat compared to offer price of Rs 515. Powered by Capital Market - Live