Skipper announced that the board has approved the issue of shares of the company for a maximum amount of Rs.2,00,00,00,000 (two hundred crores only) to the eligible shareholders of the company. On the record date (to be determined and notified later) in accordance with all applicable laws, including the Securities and Exchange Regulations of India, 2018, the Companies Act, 2013, at such price and on such terms as the Board or as prescribed. A constituted committee of the Board can decide according to applicable law, provided that he receives the necessary approvals if necessary.
With a market capitalisation of more than Rs 2,00,000 crore, Skippers Ltd’s net sales in FY23 increased by Rs 1, 980 crore, while its net profit grew by Rs 36 crore as compared to FY22.
Skipper Ltd produces and sells transmission & distribution structures, pipes & fittings and undertakes engineering, procurement and construction (EPC) projects in the infrastructure sector.