Gyscoal Alloys' profit jumps to Rs 2.20 cr in Q2; revenue from ops rises
The company posted a jump of 2,787 per cent in its net profit year-on-year (YoY) from Rs 7.64 lakh. On sequential basis, the company's profits jumped by 129.14 per cent from Rs 98.14 lakh GYSCOAL ALLOYS LTD. - 533275 - Submission Of Outcome Of Board Meeting In Compliance With The Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
With reference to above mentioned Subject, we hereby inform you that Board of Directors of the Company at their Meeting held today i.e. on Monday, January 09, 2023 and they have inter alia approved: 1. Unaudited Standalone & Consolidated Financial Results as per the Indian Accounting Standards (Ind AS) along with the Limited Review report issued by M/s. Ashok Dhariwal & Co., Statutory Auditor for the quarter and Nine Months ended on December 31, 2022; The Board Meeting was commenced at 3.30 p.m. and Concluded at 4.10 p.m. Please find attached herewith, the approved Unaudited Standalone and Consolidated Financial Results along with Limited Review Report for the quarter and Nine Months ended on December 31, 2022 and same is also available on the website of the company viz. www.gyscoal.com. You are requested to take the note of the same. GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Outcome for Submission Of Outcome Of Board Meeting In Compliance With The Regulation 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
With reference to above mentioned Subject, we hereby inform you that Board of Directors of the Company at their Meeting held today i.e. on Monday, January 09, 2023 and they have inter alia approved: 1. Unaudited Standalone & Consolidated Financial Results as per the Indian Accounting Standards (Ind AS) along with the Limited Review report issued by M/s. Ashok Dhariwal & Co., Statutory Auditor for the quarter and Nine Months ended on December 31, 2022; The Board Meeting was commenced at 3.30 p.m. and Concluded at 4.10 p.m. Please find attached herewith, the approved Unaudited Standalone and Consolidated Financial Results along with Limited Review Report for the quarter and Nine Months ended on December 31, 2022 and same is also available on the website of the company viz. www.gyscoal.com. You are requested to take the note of the same. GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Intimation for Intimation Of Board Meeting In Compliance With Regulation 29(1) And 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
GYSCOAL ALLOYS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/01/2023 ,inter alia, to consider and approve With reference to the above mentioned Subject, we hereby inform that a meeting of the Board of Directors of the company is scheduled to be held on Monday, January 09, 2023 at the Corporate Office of the company inter alia to consider, approve and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended December 31, 2022 and To transact any other businesses with the permission of Chairman. Further, pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their immediate relatives, the Trading Window for dealing in securities of the company for all the Designated Persons is already closed with effect from Sunday, January 01, 2023 till Forty from eight (48) hours after the declaration of the said Financial Results of the company. You are requested to take the same on your record. GYSCOAL ALLOYS LTD. - 533275 - Closure of Trading Window
This is to inform you that as per the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Company''s Code of Conduct for Prevention of Insider Trading, the trading window for dealing in Equity Shares of the Company for the insiders will remain closed for all Designated Persons and their immediate(s) with effect from Sunday, January 01, 2023 till 48 hours after declaration of Unaudited Financial Results for the quarter ended on December31, 2022. You are requested to take note of the above. GYSCOAL ALLOYS LTD. - 533275 - Intimation Under Regulations 84 Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended, And Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 As Amended (SEBI Listing Regulations)
With reference to above captioned matter, the issue of 17,41,03,116 fully paid-up equity shares of face value of ? 1 each of the Company on a rights basis to the eligible equity shareholders of the Company in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations) (Issue) and our email communication dated December 29, 2022 in relation to submission of the Letter of Offer dated December 27, 2022. We enclose copies of Advertisement issued by the Company today i.e. December 30, 2022, in all editions of Business Standard an English national daily newspaper, the Business Standard Hindi national daily newspaper, and Janadesh Gujarati edition (Gujarati being the regional language of Gujarat, where the registered office of the Company is located), each with wide circulation, for dissemination on your website. GYSCOAL ALLOYS LTD. - 533275 - Update On Record Date
This Outcome ('Outcome') should be read with in conjunction with the Outcome dated December 20, 2022 ('Previous Outcome') filed with BSE Limited and NSE Limited. In this regard, we would like to inform you that the following corrections to the information disclosed in the Previous Outcome be read as follows:- Terms of the Issue: Issue Size: 17,41,03,116 Fully paid-up Equity Shares of Rs. 2.75 each at Rs.1 per share aggregating to Rs. 47,87,83,569.00. The information in this Outcome supersedes the information provided in the Previous Outcome to the extent inconsistent with the information disclosed therein. The Outcome stands amended to the extent stated hereinabove GYSCOAL ALLOYS LTD. - 533275 - General Announcement.
The Indian Steel Association and its members including Gyscoal Alloys Ltd. wholeheartedly thanked the Prime Minister Shri Narendra Modi for the withdrawal of Export Duties on Stainless Steel and other steel products and strengthening the resolve of higher exports to Europe, USA and other global markets. The Gyscoal management believe that India has a great opportunity for making steel and steel products for the world as we are having tremendous export potential and Gyscoal's products are also well accepted by the overseas customers covering Bright Bars, Channels, Angles, Flats, Rounds and Black bar etc. Gyscoal is a DEBT FREE company with positive net worth having assets of over 100 crores, which is expecting a top line of over 300 crores for the year 2023 and an EBITA of 15 - 18 percent. The company already geared itself for a major drive in projecting its products to existing and new customers in India and abroad. GYSCOAL ALLOYS LTD. - 533275 - General Announcement
As the Government of India, recently removed export duty on steel exports this sector is poised for a major jump in the quantum of export during the current and next financial year. As this creates a very positive impact on steel exporting companies like Gyscoal Alloys Ltd. Our Company is fully ready to exploit the benefit granted by the change in the policy announced by Government of India as it has already augmented its production and marketing capacity in India and abroad. We are pleased to inform you that our company is "Debt free" with an asset of over Rs.100 crores and looking forward to a top line of over Rs.300 crores in the year 2023 with an EBITA of 15%. As the company has all ISO certifications, its products are well accepted by buyers and users in India and abroad. We hope the company will attain new heights in years to come. You are requested to take the note of the same.