Kirloskar Industries Ltd 1st Qtr Net Profit Of Rs 94 Cr
Kirloskar Industries Ltd (KIL) (BSE: 500243; NSE: KIRLOSIND), announced today its unaudited financial results for the first quarter ended June 30, 2023. Commenting on the Q1 FY 2023-24 results, Mahesh Chhabria, Managing Director, KIL said, “We are now entering into an exciting phase of our business realignment plan. Avante’s first project is progressing as planned and we expect to complete it at the end of the year.” The Company’s Wholly onwed Subsidiary Avante Spaces Ltd has issued 27,24,868 number of fully paid up equity shares on 30 June 2023 to the company on the conversion of OCDs, basis fair valuation of equity shares as well as Unsecured Optionally Convertible Debentures (OCDs) of Avante Spaces Limited.
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