Devinsu Trading Ltd — Others, 10-07-2025: Others

Devinsu Trading Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company plans a preferential allotment of 1,30,000 equity shares at Rs. 350 each, aggregating to Rs. 4.55 Cr, to strategic investors including Mr. Deniis Desai, who is acquiring 91,493 shares via a Share Purchase Agreement and will assume control post Open Offer formalities, becoming the new promoter. This will change the management and increase the authorized share capital by reclassifying preference shares into equity shares. The company reported total revenue of Rs. 188.90 lakh and net profit of Rs. 118.34 lakh, up from Rs. 81.88 lakh and Rs. 45.64 lakh respectively in the previous year. Operations focus on investment in shares and securities and renting immovable properties. No dividend is proposed to conserve resources. The registered office was shifted within Mumbai twice during the year. The company maintains adequate internal controls and complies with applicable laws, with no reported frauds or material regulatory issues.