Midaas Fashions
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Shentracon Chemicals Limited's board approved a sweeping set of resolutions on 28 July 2026, including a change of the company's name to Midaas Fashions Limited, a shift of its registered office from West Bengal to Maharashtra, and a 1:2 sub‑division of its equity shares. The board also ratified the annual report and set the annual general meeting for 21 August. The new object clause pivots the company's business from chemicals to the retail and manufacture of jewellery, fashion accessories, and lifestyle products. Additionally, the board authorized loans, investments, and guarantees up to an aggregate ₹50 crore under Sections 185 and 186 of the Companies Act, subject to shareholder consent.
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Shentracon Chemicals Limited's board approved a sweeping set of resolutions on 28 July 2026, including a change of the company's name to Midaas Fashions Limited, a shift of its registered office from West Bengal to Maharashtra, and a 1:2 sub‑division of its equity shares. The board also ratified the annual report and set the annual general meeting for 21 August. The new object clause pivots the company's business from chemicals to the retail and manufacture of jewellery, fashion accessories, and lifestyle products. Additionally, the board authorized loans, investments, and guarantees up to an aggregate ₹50 crore under Sections 185 and 186 of the Companies Act, subject to shareholder consent.
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What does Midaas Fashions do?
Shentracon Chemicals Ltd is engaged in manufacture of sodium dichromate, basic chrome sulphate, sodium anyhydrous and chrome oxide green using Rotary batch oil fired technology.
Who are the competitors of Midaas Fashions?
Midaas Fashions major competitors are Hardcastle&Waud Mfg., Mehul Colours, Kemistar Corporation, Auro Impex & Chem., Polylink Polymers(I), Vasundhara Rasayans, Crestchem. Market Cap of Midaas Fashions is ₹56 Crs. While the median market cap of its peers are ₹52 Crs.
Is Midaas Fashions financially stable compared to its competitors?
Midaas Fashions seems to be less financially stable compared to its competitors. Altman Z score of Midaas Fashions is 2.26 and is ranked 8 out of its 8 competitors.
Does Midaas Fashions pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Midaas Fashions latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Midaas Fashions allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Midaas Fashions balance sheet?
Balance sheet of Midaas Fashions is moderately strong.
Is the profitablity of Midaas Fashions improving?
No, profit is decreasing. The profit of Midaas Fashions is -₹0.33 Crs for Mar 2026, -₹0.3 Crs for Mar 2025 and -₹0.11 Crs for Mar 2024
Is the debt of Midaas Fashions increasing or decreasing?
Yes, The net debt of Midaas Fashions is increasing. Latest net debt of Midaas Fashions is ₹3.32 Crs as of Mar-26. This is greater than Mar-25 when it was ₹3.27 Crs.
Is Midaas Fashions stock expensive?
There is insufficient historical data to gauge this. Latest PE of Midaas Fashions is 0
Has the share price of Midaas Fashions grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Midaas Fashions?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Midaas Fashions is 61.23% and last quarter promoter holding is 61.23%.
Are mutual funds buying/selling Midaas Fashions?
There is Insufficient data to gauge this.