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 new investors including Mr. Deniis Desai, who is acquiring control through a share purchase agreement and will become the promoter post open offer completion. This will lead to a change in management and control. The issue aims to raise long-term funds for working capital and growth. The company’s authorized share capital is proposed to be reclassified to 10 lakh equity shares of Rs. 10 each by converting preference shares. The open offer is subject to SEBI approval.

Financially, the company reported total revenue of Rs. 188.90 lakhs and a net profit of Rs. 118.34 lakhs, up from Rs. 81.88 lakhs and Rs. 45.64 lakhs respectively in the previous year. The business focuses on investments in shares and securities and renting immovable properties. No dividend is proposed to conserve resources. The company’s net worth stands at Rs. 1621.46 lakhs with equity share capital of Rs. 50 lakhs. The board includes a whole-time director and independent directors, with key managerial personnel changes noted. Internal controls and compliance systems are reported adequate, with no material regulatory or legal issues impacting operations.