The shares of this small-cap company gained up to 3.09 percent after the company’s board approved an investment of up to Rs. 3.5 crores through Compulsorily Convertible Debentures.
With a market capitalization of Rs 6,504.05 Crores. SIS Ltd, On Friday, The shares were trading at Rs 450.75 a share, an increase of 3.09 percent from the previous closing price.
The board of directors of SIS Ltd. approved an investment of up to Rs. 3.5 crores through the subscription of 3,077 Compulsorily Convertible Debentures, each with a face value of Rs. 11,373, in order to acquire at least 4.73 percent of the shares in Entitled Solutions Pvt Ltd. Additionally, SIS Ltd. has the option to invest up to Rs. 1.50 crores. This investment falls under the employee category because it offers blue-collar workers a number of advantages.
SIS Ltd’s revenue increased by 11.05 percent from Rs 2,768 Crore in Q2FY23 to Rs 3,074 Crore in Q2FY24. During the same period, net profits increased by 12 percent from Rs 67 crore to Rs 75 crore.
SIS Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 15.94 percent and a return on capital employed (ROCE) of 11.02 percent.
SIS Ltd’s recent shareholding pattern, The Promoters of The company own 71.58 percent while Retail shareholders own a 8.99 percent stake in the company and Foreign Institutional Investors own a 16.31 percent stake.
Security and Intelligence Services (India) provides security and related services, including manned guarding and training, both directly and indirectly. It also provides emergency response and paramedic services, as well as loss prevention, asset protection, and mobile patrols.
Written by:- Abhishek Singh
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