ALPHA TRIBE

Flexituff Ventures International LimitedBoard Meeting, 14-02-2025: Outcome of Board Meeting

14-02-2025 | 02:51 pm

Flexituff Ventures International Limited has reported its unaudited consolidated financial results for the quarter ending December 2024 and year-to-date results from April 2024 to December 2024. The company recorded a significant one-time gain of ₹165.85 Crore from restructuring arrangements with IFCI Ltd and TPG Growth II SF Pte. Ltd. The quarter also saw the completion of a Business Transfer Agreement for its FIBC business, resulting in a profit of ₹377.60 Crore. Finance costs of ₹27.55 Crore related to previous periods have been reclassified in the financial statements.

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