Sangam (India)

Sangam (India) Ltd reported a sharp jump in first-quarter profit, approved a preferential warrant issue to promoters, and outlined a ₹1,500 crore expansion plan after a board meeting on Saturday. Standalone net profit climbed to ₹39.35 crore for the June quarter from ₹4.27 crore a year earlier, with revenue rising to ₹845.54 crore. The board cleared the issuance of 1.8 million warrants convertible into equity shares to seven promoter and promoter-group entities at ₹555.56 apiece, raising ₹100 crore. A three-year expansion blueprint will add spinning, denim, garmenting and recycled polyester capacities, pushing total investment to about ₹1,500 crore by March 2029. The expansion will be funded through a mix of term debt, equity and internal accruals.

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** Shares of textile manufacturer Sangam India SANG.NS rise as much as 9.38% to 548 rupees, highest since February 2024; last up 8.16%

** Co on Wednesday reported 245% y/y rise in quarterly profit, revenue up 18%

** More than 519,000 shares traded, 37x the 30-day avg volume

** Stock up ~10% YTD

(Reporting by Abhirami G in Bengaluru)

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April 15 (Reuters) - Clean Max Enviro Energy Solutions Ltd CLEM.NS:

• PARTNERS WITH SANGAM INDIA FOR 30 MWP SOLAR AND 20 MW WIND HYBRID RENEWABLE PROJECT

Source text: ID:nBSE4Rn76y

Further company coverage: CLEM.NS

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Jan 21 (Reuters) - Sangam (India) Ltd SANG.NS:

• DEC-QUARTER CONSOL PAT 244.7 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.75 BILLION RUPEES

Further company coverage: SANG.NS

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** Shares of textile firm Sangam (India) SANG.NS down 1.9% to 342.7 rupees

** Co says a fire incident occurred at its denim division in Bhilwara on March 6; no injuries or casualties reported

** Co, however, did not disclose estimated losses due to the fire

** Stock set to snap four consecutive sessions of gains

** SANG extends YTD losses to about 17%

(Reporting by Anuran Sadhu in Bengaluru)

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March 10 (Reuters) - Sangam (India) Ltd SANG.NS:

• SANGAM (INDIA) LTD - FIRE INCIDENT AT SANGAM'S DENIM DIVISION IN BHILWARA

• SANGAM (INDIA) LTD - NO INJURIES OR CASUALTIES REPORTED IN SANGAM FIRE INCIDENT

• SANGAM (INDIA) LTD - CAUSE AND IMPACT OF FIRE INCIDENT UNDER INVESTIGATION

Source text: ID:nBSE3jlktW

Further company coverage: SANG.NS

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Aug 12 (Reuters) - Sangam (India) Ltd SANG.NS:

• JUNE-QUARTER CONSOL PAT 142.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.93 BILLION RUPEES

Source text for Eikon: ID:nNSE5YvgCd

Further company coverage: SANG.NS

(Reporting by VijayDattaram Malkar)

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Oct 26 (Reuters) - Sangam (India) Ltd SANG.NS:

• SEPT-QUARTER CONSOL PAT 105.8 MILLION RUPEES VERSUS PROFIT 303.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.29 BILLION RUPEES VERSUS 7.09 BILLION RUPEES

Source text for Eikon: ID:nBSEGs07j

Further company coverage: SANG.NS

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** Shares of textile firm Sangam (India) SANG.NS down as much as 9.10% to 327 rupees, sharpest intraday pct fall since May 4, 2022

** Co posts a near-76% drop in Q1 consol PAT, while revenue down 5%

** Stock on track for second straight session of losses, if trend holds

** More than 239,653 shares changed hands by 12:12 p.m. IST, 1.6x the 30-day avg

** Including session's slips, stock up about 37% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of textiles manufacturer Sangam (India) Ltd SANG.NS rise as much as 10.83% to 332 rupees, biggest intraday pct gain since June 14

** Prominent investor Madhuri Madhusudan Kela bought a further 5.45% stake in SANG in June-qtr, raising their total stake to 6.5%, as per NSE data disclosed on Wednesday

** Stock trading above its 50-, 100-, and 200-day moving averages since June 8

** Trading volume at ~394,000 shares, 2.5x the 30-day avg of ~157,700 shares as of 11;00 a.m. IST

** Stock last up ~33.9% this year

(Reporting by Biplob Kumar Das in Bengaluru)

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April 28 (Reuters) - Sangam (India) Ltd SANG.NS:

• MAR-QUARTER CONSOL PROFIT 301.3 MILLION RUPEES VERSUS PROFIT 534.4 MILLION RUPEES

• MAR-QUARTER CONSOL REVENUE FROM OPERATIONS 6.85 BILLION RUPEES VERSUS 7.38 BILLION RUPEES

• DIVIDEND OF 2 RUPEES PER SHARE

• APPROVED EXPANSION PROJECT FOR INSTALLATION OF WEAVING MACHINES AT BHILWARA

• COST OF INSTALLATION OF WEAVING MACHINES 1.78 BILLION RUPEES

• APPROVED EXPANSION PROJECT FOR INSTALLATION OF SPINNING MACHINES FOR MANUFACTURING OF YARN AT BHILWARA

• COST OF INSTALLATION OF SPINNING MACHINES 3.27 BILLION RUPEES

Further company coverage: SANG.NS

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March 30 (Reuters) - Sangam (India) Ltd SANG.NS:

• CO HAS MADE FURTHER INVESTMENT OF 160 MILLION RUPEES IN UNIT SANGAM VENTURES

Source text for Eikon: ID:nBSE8PX8S1

Further company coverage: SANG.NS

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