Browsing Tag
Ashoka Metcast Limited
2 posts
Ashoka Metcast (NSE: ASHOKAMET) Q1 profit jumps 187%, but Rs 50cr promoter loan conversion may be the bigger story
Ashoka Metcast’s consolidated Q1 FY27 profit rose to ₹3.23 crore even as operating revenue fell 25%, with other income becoming the dominant earnings driver. A proposed promoter-group loan conversion of up to ₹50 crore now puts the company’s capital structure firmly in focus.
Ashoka Metcast raises stake in Rhetan TMT to 89.3% through loan conversion
Ashoka Metcast lifts its shareholding in Rhetan TMT to 89.3% by converting debt into equity. Find out what this means for the steel sector today.