Vakrangee announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Vakrangee will hold a meeting of the Board of Directors of the Company on 24 September 2024.Powered by Capital Market - Live

The key equity indices reversed all losses and traded with small gains in mid-morning trade. The Nifty traded above the 24,400 level. Financial services shares advanced after the declining for the past consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex was up 55.69 points or 0.06% to 83,133.74. The Nifty 50 index rose 3.70 points or 0.01% to 25,422.25. In the broader market, the S&P BSE Mid-Cap index fell 0.32% and the S&P BSE Small-Cap index shed 0.02%. The market breadth was negative. On the BSE, 1,790 shares rose and 1,836 shares fell. A total of 165 shares were unchanged. Buzzing Index: The Nifty Financial Services index rose 0.81% to 24,185.20. The index tumbled 33.95% in the past consecutive trading sessions. Power Finance Corporation (up 2.75%), Bajaj Finance (up 1.82%), REC (up 1.77%), Shriram Finance (up 1.55%) and ICICI Prudential Life Insurance Company (up 1.2%), HDFC Bank (up 1.06%), SBI Life Insurance Company (up 1.02%), Cholamandalam Investment & Finance Company (up 0.91%), Bajaj Finserv (up 0.69%) and Muthoot Finance (up 0.54%) edged higher. On the other hand, IDFC (down 0.59%), ICICI Lombard General Insurance Company (down 0.34%) and SBI Cards & Payment Services (down 0.2%) edged lower. Stocks in Spotlight: Vakrangee zoomed 10.46% after the company informed strategic corporate agency tie-up with Star Health & Allied Insurance Co. (Star Health Insurance), to offer health insurance products across its network. Through this collaboration, Vakrangee will offer a wide range of health insurance products from Star Health to its customers, ensuring enhanced penetration of health insurance services in remote and underserved regions of the country. Inox Wind (IWL) added 1.72% after the company said that it has received a letter of intent (LoI) from IGREL Renewables (IGREL) for execution of 550 MW wind capacity on turnkey basis. As part of the project, Inox Wind will supply, install and commission the wind turbine generators (WTGs), and provide multi-year comprehensive operations & maintenance (O&M) services post commissioning. Powered by Capital Market - Live

Star Health and Allied Insurance Company shed 0.47% to Rs 605.65 on the BSE. Through this collaboration, Vakrangee will offer a wide range of health insurance products from Star Health to its customers, ensuring enhanced penetration of health insurance services in remote and underserved regions of the country. Star Health's insurance products will now be available across Vakrangee's more than 21,900 Kendras, covering urban, semi-urban, and rural areas. By leveraging Vakrangee's strong presence in remote and rural areas, this partnership will significantly drive health insurance adoption, providing financial protection and healthcare access to the underserved sections of society. Customers will be able to choose from a broad range of health insurance policies, including family floater plans, individual health policies, and critical illness coverage. Vedant Nandwana, managing director of Vakrangee, said, 'We are delighted to partner with Star Health & Allied Insurance to offer their comprehensive health insurance products. This alliance further solidifies our commitment to providing healthcare services to all citizens, especially those in unserved and underserved markets. The partnership aligns with our vision of bridging the urban-rural divide and contributing to financial and social inclusion across India. Through this collaboration, both companies aim to address the healthcare needs of millions of Indians while contributing to the country's insurance penetration and providing financial security against medical uncertainties.' Vakrangee has become India's leading last mile distribution platform, offering a comprehensive physical and digital ecosystem across the country. Their services include real-time banking, financial services, ATM facilities, insurance, e-governance, e-commerce (including healthcare services), and logistics. With a focus on rural, semi-urban, and urban markets, Vakrangee is driving financial, social, and digital inclusion for the Indian population. Star Health and Allied Insurance Company has business interests in health, personal accident and overseas travel insurance and provides health insurance products to individuals, families and corporates, directly and through various channels ' agents, brokers, online and digital channels. It is also a prominent bancassurance player with long standing relationship with various banks.Powered by Capital Market - Live

The Board of Vakrangee will meet on 24 September 2024 to consider fund raising by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the Company. Powered by Capital Market - Live

Prism Johnson Ltd, Globus Spirits Ltd, Jubilant Ingrevia Ltd and Suprajit Engineering Ltd are among the other gainers in the BSE's 'A' group today, 10 September 2024.Vakrangee Ltd surged 9.34% to Rs 21.77 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 23.72 lakh shares were traded on the counter so far as against the average daily volumes of 11.18 lakh shares in the past one month. Prism Johnson Ltd spiked 8.78% to Rs 189.5. The stock was the second biggest gainer in 'A' group. On the BSE, 2.14 lakh shares were traded on the counter so far as against the average daily volumes of 61724 shares in the past one month. Globus Spirits Ltd soared 8.54% to Rs 1182. The stock was the third biggest gainer in 'A' group. On the BSE, 21003 shares were traded on the counter so far as against the average daily volumes of 48125 shares in the past one month. Jubilant Ingrevia Ltd added 7.28% to Rs 755.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 1.06 lakh shares in the past one month. Suprajit Engineering Ltd jumped 6.10% to Rs 539.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 59205 shares were traded on the counter so far as against the average daily volumes of 41164 shares in the past one month. Powered by Capital Market - Live

Net profit of Vakrangee rose 355.10% to Rs 2.23 crore in the quarter ended June 2024 as against Rs 0.49 crore during the previous quarter ended June 2023. Sales rose 5.59% to Rs 58.70 crore in the quarter ended June 2024 as against Rs 55.59 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales58.7055.59 6 OPM %11.1811.91 - PBDT7.004.94 42 PBT3.110.99 214 NP2.230.49 355 Powered by Capital Market - Live

The Board of Directors of Vakrangee at its meeting held today has recommended to the shareholders for approval of appointment of Divya Nandwana as Chairman, Vedant Nandwana as Managing Director and Ammeet Sabarwal as Executive Director & Group CEO with immediate effect. Further, Shiv Narain Kaushik & Savita Keni has been appointed as Non-Executive Independent Directors on the Board of Directors of the Company. In view of completion of tenure of Ramesh Joshi, Sunil Agarwal, Avinash Vyas, B. L. Meena, Dr. Nishikant Hayatnagarkar have given their resignation, so that the new Board can take charge with immediate effect.Powered by Capital Market - Live

Vakrangee announced that the Board of Directors of the Company at its meeting held on 12 August 2024, has recommended a Final dividend of Rs.0.05 per share (i.e.5%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Vakrangee rose 231.67% to Rs 1.99 crore in the quarter ended June 2024 as against Rs 0.60 crore during the previous quarter ended June 2023. Sales declined 2.80% to Rs 46.78 crore in the quarter ended June 2024 as against Rs 48.13 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales46.7848.13 -3 OPM %13.4714.05 - PBDT6.565.04 30 PBT2.781.09 155 NP1.990.60 232 Powered by Capital Market - Live