Kuber Udyog
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Kuber Udyog's board approved the proposed acquisition of 100% of Golden Ikon Fleet Management for ₹176.22 crore through a share swap, issuing 7.6285 crore shares at ₹23.10 each, and approved a preferential issue of 3.955 crore equity shares and 37 lakh warrants for cash at the same price. Golden Ikon, a Delhi-based fleet-management and vehicle-rental company, reported revenue of ₹307.92 crore for the year ended March 2026; the transaction remains subject to shareholder and other applicable approvals.
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Kuber Udyog's board approved the proposed acquisition of 100% of Golden Ikon Fleet Management for ₹176.22 crore through a share swap, issuing 7.6285 crore shares at ₹23.10 each, and approved a preferential issue of 3.955 crore equity shares and 37 lakh warrants for cash at the same price. Golden Ikon, a Delhi-based fleet-management and vehicle-rental company, reported revenue of ₹307.92 crore for the year ended March 2026; the transaction remains subject to shareholder and other applicable approvals.
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Aug 7 (Reuters) - Kuber Udyog Ltd KUBU.BO:
KUBER UDYOG - TO INCREASE AUTHORIZED SHARE CAPITAL TO 1.25 BILLION RUPEES FROM 50 MILLION RUPEES
KUBER UDYOG - TO INCREASE FPI, FII, NRI INVESTMENT LIMIT IN CAPITAL TO 100%
Source text: ID:nBSE4qwKy2
Further company coverage: KUBU.BO
(([email protected];;))
Aug 7 (Reuters) - Kuber Udyog Ltd KUBU.BO:
KUBER UDYOG - TO INCREASE AUTHORIZED SHARE CAPITAL TO 1.25 BILLION RUPEES FROM 50 MILLION RUPEES
KUBER UDYOG - TO INCREASE FPI, FII, NRI INVESTMENT LIMIT IN CAPITAL TO 100%
Source text: ID:nBSE4qwKy2
Further company coverage: KUBU.BO
(([email protected];;))
Kuber Udyog Limited will hold a board meeting on August 07, 2026, to consider raising funds by issuing equity shares and/or warrants through a preferential issue or other permissible modes. The proposal is subject to statutory and regulatory approvals, including shareholder approval. The company, which recently saw a Mauritius-based institutional investor acquire a 7.61% stake, has also decided to surrender its NBFC licence to the RBI, signalling a continued focus on gold trading and securities operations. Detailed terms of the proposed fund raise are yet to be disclosed.
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Kuber Udyog Limited will hold a board meeting on August 07, 2026, to consider raising funds by issuing equity shares and/or warrants through a preferential issue or other permissible modes. The proposal is subject to statutory and regulatory approvals, including shareholder approval. The company, which recently saw a Mauritius-based institutional investor acquire a 7.61% stake, has also decided to surrender its NBFC licence to the RBI, signalling a continued focus on gold trading and securities operations. Detailed terms of the proposed fund raise are yet to be disclosed.
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Kuber Udyog's board on Thursday approved the unaudited financial results for the quarter ended June 30, 2026, appointed a new independent director, and decided to apply to the Reserve Bank of India for the surrender of its non-banking financial company licence. The company reported a net profit of ₹21.88 lakh for the quarter, up from ₹8.90 lakh a year earlier, driven by gains from securities trading and consulting income. Financing activities contributed ₹4.51 lakh in revenue during the quarter. The board also appointed Mrs. Purvi Samir Patel as an additional non-executive independent director for a one-year term, subject to shareholder approval. The NBFC licence surrender application will be submitted to the RBI, marking a strategic exit from the lending business while the company continues its gold trading and securities operations.
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Kuber Udyog's board on Thursday approved the unaudited financial results for the quarter ended June 30, 2026, appointed a new independent director, and decided to apply to the Reserve Bank of India for the surrender of its non-banking financial company licence. The company reported a net profit of ₹21.88 lakh for the quarter, up from ₹8.90 lakh a year earlier, driven by gains from securities trading and consulting income. Financing activities contributed ₹4.51 lakh in revenue during the quarter. The board also appointed Mrs. Purvi Samir Patel as an additional non-executive independent director for a one-year term, subject to shareholder approval. The NBFC licence surrender application will be submitted to the RBI, marking a strategic exit from the lending business while the company continues its gold trading and securities operations.
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Sept 6 (Reuters) - Kuber Udyog Ltd KUBU.BO:
RE-APPOINTS CHETAN SHINDE AS MD
Source text for Eikon: ID:nBSE5F7QTN
Further company coverage: KUBU.BO
(([email protected];;))
Sept 6 (Reuters) - Kuber Udyog Ltd KUBU.BO:
RE-APPOINTS CHETAN SHINDE AS MD
Source text for Eikon: ID:nBSE5F7QTN
Further company coverage: KUBU.BO
(([email protected];;))
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What does Kuber Udyog do?
Kuber Udyog is a financial institution registered under the Reserve Bank of India Act, 1934, incorporated in 1982 in West Bengal, India.
Who are the competitors of Kuber Udyog?
Kuber Udyog major competitors are Rita Fin. & Leasing, Goenka Business&Fin., DCM Financial Serv., Galada Finance, Tokyo Finance, Integrated Cap. Serv, Garbi Finvest. Market Cap of Kuber Udyog is ₹12 Crs. While the median market cap of its peers are ₹13 Crs.
Is Kuber Udyog financially stable compared to its competitors?
Kuber Udyog seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Kuber Udyog pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Kuber Udyog latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Kuber Udyog balance sheet?
The companies balance sheet of Kuber Udyog is weak, but was strong historically.
Is the profitablity of Kuber Udyog improving?
Yes, profit is increasing. The profit of Kuber Udyog is ₹0.61 Crs for TTM, ₹0.48 Crs for Mar 2026 and ₹0.03 Crs for Mar 2025.
Is Kuber Udyog stock expensive?
Kuber Udyog is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of Kuber Udyog is 20.38 while 3 year average PE is 35.21. Also latest Price to Book of Kuber Udyog is 2.83 while 3yr average is 0.97.
Has the share price of Kuber Udyog grown faster than its competition?
Kuber Udyog has given better returns compared to its competitors. Kuber Udyog has grown at ~152.68% over the last 4yrs while peers have grown at a median rate of 1.43%
Is the promoter bullish about Kuber Udyog?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Kuber Udyog?
There is Insufficient data to gauge this.