As the stock market opens today, the focus is on three companies – Talbros Automotive Components Ltd, Veeram Securities Ltd, and SEPC Ltd – all of which have announced interim dividend and right issues of equity shares for eligible shareholders.
Talbros Automotive Components Ltd
Talbros Automotive Components has declared an interim dividend of ₹0.20 per share. The company has recently secured new multi-year orders valued at ₹580 crore from both domestic and overseas customers across various business divisions, product segments, and joint ventures. These orders, covering product lines such as gaskets, heat shields, forgings, chassis, and rubber hoses, are scheduled to be executed over the next five years, starting from the fiscal year 2025. Notably, the shares of Talbros Automotive Components Ltd closed at ₹307, marking a 2.06% decline on Friday.
Veeram Securities Ltd
Veeram Securities has announced an interim dividend of ₹0.05 per share. In the September quarter, the company reported a net profit of ₹0.51 crore, indicating a substantial increase of 106.47% from the previous year. Additionally, its EBITDA stood at ₹0.67 crore in Q2 FY24, marking a 19.64% surge from the corresponding period last year. Despite a decline in net sales, from ₹7.49 crore to ₹3.39 crore, Veeram Securities’ EPS has doubled to ₹0.10 in Q2 FY24 from ₹0.05 a year ago. On Friday, shares of Veeram Securities Ltd closed at ₹8.86, reflecting a 0.45% increase.
SEPC Ltd
SEPC has declared a right issue of equity shares. The company’s financials for the September quarter show a net profit of ₹5.65 crore, signifying an 86.61% decrease from the previous year. Additionally, its EBITDA has increased by 122.57% to ₹18.10 crore in Q2 FY24, while net sales have risen by 135.19% to ₹129.18 crore during the same period. However, the shares of SEPC Ltd closed at ₹20.55, indicating a 4.86% decline on Friday.
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