Krishna Ventures Ltd — Updates, 16-05-2025: Company Update

Krishna Ventures Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income from operations of ₹26.07 lakh for the quarter and ₹172.59 lakh for the year. It reported a net loss after tax of ₹42.37 lakh for the quarter and ₹87.55 lakh for the year. Earnings per share stood at a loss of ₹0.39 per share for the quarter and ₹0.81 per share for the year. The auditors did not raise any qualifications.

Systematic Industries Limited has filed its Draft Red Herring Prospectus for an initial public offering of up to 59.28 lakh equity shares with a face value of ₹10 each on the SME platform of BSE. The offer includes a fresh issue and an offer for sale by an existing shareholder. The company’s promoters are Siddharth Rajendra Agarwal and Satya Rajendra Agrawal. The IPO is managed by Hem Securities Limited and Cameo Corporate Services Limited as registrar. Potential investors are cautioned about investment risks and advised to review the prospectus carefully before investing.

State Bank of India issued default and possession notices for multiple borrowers under the SARFAESI Act, highlighting recovery actions on secured assets totaling crores. Notices call upon borrowers and guarantors to repay overdue dues within 60 days, or face enforcement steps.

Several companies including SRF Limited and Maharashtra Scooters Ltd. have issued public notices for lost share certificates and duplicate issuance requests, alerting shareholders and potential claimants.

These updates impact shareholders by providing earnings insight, IPO investment opportunity in a SME company, lender actions on NPAs, and alerts on share certificate replacements.