Srestha Finvest Ltd.(BSE: 539217), a leader in financial solutions, has announced that the company has fixed Monday, September 23, 2024 as ‘Record Date’ for the purpose of determining the eligibility of shareholders of the Company for Sub-division/Split of each share having face value of Rs.2 each be Sub-divided into 2 equity shares having Face value of Rs.1, as approved by the shareholders through Postal Ballot on September 05, 2024.
Earlier, the company announced that its board has approved Raising of funds by way of issuance of such number of equity shares having face value of Re.1/- each for an aggregate amount up to Rs.200 Crores by way of QIP issue, subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals, as may be required.
Recently, the company has announced excellent earnings for quarter ended 30 June 2024. For Q1FY25, the company reported Revenue from operations at Rs. 39.50 Cr, a growth of 1634% YoY. PAT grew a staggering 6965% YoY, from Rs. 0.44 Cr (Q1FY24), to Rs. 31 Cr (Q1FY25). PAT margins grew from 19.27% to 78.50% (Q1FY25).