Vertoz Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting
07-08-2025 | 06:42 pm
07-08-2025 | 06:42 pm
Vertoz's board has approved its consolidated financial results for the quarter ended June 30, 2025. Revenue from operations jumped to ₹70.49 Cr, with profit after tax reaching ₹6.47 Cr. The company also underwent a 10:1 reverse stock split, changing its face value to ₹10. Additionally, its wholly-owned subsidiary IncrementX Private Limited (IXPL) successfully raised ₹20 Cr through Compulsorily Convertible Debentures (CCDs) to fund growth initiatives. As part of this funding, the Managing Director pledged 9.38% of his shares, showing strong alignment with investor interests.
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