Manorama Industries Limited — Board Meeting, 23-10-2024: Outcome of Board Meeting

Manorama Industries Limited's Board has approved the unaudited financial results for Q2 FY2024, revealing a revenue of ₹19,541.66 lakh and a net profit of ₹2,671.29 lakh. The company appointed Mr. Ashish Ramesh Saraf as Chairman and Managing Director while Mr. Gautam Kumar Pal transitioned to Executive Director. Additionally, a wholly-owned subsidiary will be established in Brazil. The Board also approved a Postal Ballot for shareholder consent on these changes.