Sumedha Fiscal Serv.
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Sumedha Fiscal Services cancelled its extraordinary general meeting scheduled for June 11, 2026, withdrawing a proposed preferential issue of 4,00,000 equity shares and 2,50,000 convertible warrants that would have raised ₹2.67 crores. The board cited volatile market conditions, fluctuations in the company's share price, and the unwillingness of the proposed investor to continue as reasons for the cancellation. The meeting was meant to seek shareholder approval for the issue, which had been approved by the board in a prior meeting. The company said the remote e-voting process for the EGM has also been withdrawn.
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Sumedha Fiscal Services cancelled its extraordinary general meeting scheduled for June 11, 2026, withdrawing a proposed preferential issue of 4,00,000 equity shares and 2,50,000 convertible warrants that would have raised ₹2.67 crores. The board cited volatile market conditions, fluctuations in the company's share price, and the unwillingness of the proposed investor to continue as reasons for the cancellation. The meeting was meant to seek shareholder approval for the issue, which had been approved by the board in a prior meeting. The company said the remote e-voting process for the EGM has also been withdrawn.
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July 30 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
SUMEDHA FISCAL SERVICES - ENTERED MOU FOR SALE OF PROPERTY AT MUMBAI
Further company coverage: SUMF.BO
(([email protected];))
July 30 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
SUMEDHA FISCAL SERVICES - ENTERED MOU FOR SALE OF PROPERTY AT MUMBAI
Further company coverage: SUMF.BO
(([email protected];))
May 14 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
SUMEDHA FISCAL SERVICES LTD - DIVIDEND OF 1 RUPEE PER SHARE
Source text for Eikon: ID:nBSE98Pnks
Further company coverage: SUMF.BO
(([email protected];))
May 14 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
SUMEDHA FISCAL SERVICES LTD - DIVIDEND OF 1 RUPEE PER SHARE
Source text for Eikon: ID:nBSE98Pnks
Further company coverage: SUMF.BO
(([email protected];))
Nov 1 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
RATANLAL GAGGAR CEASES TO BE CHAIRMAN
Source text for Eikon: ID:nBSEb0pWZv
Further company coverage: SUMF.BO
(([email protected];))
Nov 1 (Reuters) - Sumedha Fiscal Services Ltd SUMF.BO:
RATANLAL GAGGAR CEASES TO BE CHAIRMAN
Source text for Eikon: ID:nBSEb0pWZv
Further company coverage: SUMF.BO
(([email protected];))
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What does Sumedha Fiscal Serv. do?
Established in 1989, Sumedha Fiscal Services offers a comprehensive range of financial services including Corporate Finance, Equities, Commodities, Insurance, Wealth Advisory, and more across multiple cities in India.
Who are the competitors of Sumedha Fiscal Serv.?
Sumedha Fiscal Serv. major competitors are Easun Capital Market, CMX Holdings, East West Freight, Qgo Finance, Bervin Inv.& Leasing, Yamini Investments, StanroseMafatlal Inv. Market Cap of Sumedha Fiscal Serv. is ₹31 Crs. While the median market cap of its peers are ₹29 Crs.
Is Sumedha Fiscal Serv. financially stable compared to its competitors?
Sumedha Fiscal Serv. 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 Sumedha Fiscal Serv. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sumedha Fiscal Serv. latest dividend payout ratio is 10.97% and 3yr average dividend payout ratio is 24.55%
How has Sumedha Fiscal Serv. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Sumedha Fiscal Serv. balance sheet?
Balance sheet of Sumedha Fiscal Serv. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Sumedha Fiscal Serv. improving?
No, profit is decreasing. The profit of Sumedha Fiscal Serv. is ₹2.34 Crs for TTM, ₹7.28 Crs for Mar 2025 and ₹7.65 Crs for Mar 2024.
Is the debt of Sumedha Fiscal Serv. increasing or decreasing?
Yes, The net debt of Sumedha Fiscal Serv. is increasing. Latest net debt of Sumedha Fiscal Serv. is -₹7.81 Crs as of Mar-26. This is greater than Mar-25 when it was -₹13.73 Crs.
Is Sumedha Fiscal Serv. stock expensive?
Sumedha Fiscal Serv. is not expensive. Latest PE of Sumedha Fiscal Serv. is 12.92, while 3 year average PE is 21.2. Also latest EV/EBITDA of Sumedha Fiscal Serv. is 6.88 while 3yr average is 10.43.
Has the share price of Sumedha Fiscal Serv. grown faster than its competition?
Sumedha Fiscal Serv. has given lower returns compared to its competitors. Sumedha Fiscal Serv. has grown at ~17.14% over the last 6yrs while peers have grown at a median rate of 21.36%
Is the promoter bullish about Sumedha Fiscal Serv.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 50.26% and last quarter promoter holding is 48.32%.
Are mutual funds buying/selling Sumedha Fiscal Serv.?
There is Insufficient data to gauge this.