Baroda Extrusion News

Baroda Extrusion Reports Strong Q2 Performance with Major Equity Fundraise

Baroda Extrusion Limited announced quarterly results for the quarter and six months ended September 30, 2025. The company reported revenue from operations of Rs 44.20 crores for the quarter, with profit after tax of Rs 1.25 crores compared to Rs 0.05 crores in the previous year quarter. For the six-month period, revenue reached Rs 68.72 crores with profit after tax of Rs 2.13 crores. The company completed a significant preferential issue of 4.53 crore equity shares at Rs 8.25 per share, raising Rs 37.40 crores through conversion of unsecured loans (Rs 20 crores) and fresh fund infusion (Rs 17.40 crores). The company operates in the copper tubes and bars business. Auditors issued a qualified opinion noting Rs 64.86 lakhs in customer advances not appropriated within the required 365-day period under the Companies Act.

Baroda Extrusion Limited Allots 4.53 Crore Equity Shares Through Preferential Issue and Loan Conversion

Baroda Extrusion Limited's Board approved the allotment of 2,42,42,424 equity shares through conversion of unsecured loans and 2,10,90,892 equity shares on cash basis at Rs. 8.25 per share through preferential allotment. The allotments were made following shareholder approval obtained in an Extra Ordinary General Meeting held on 02-05-2025 and in-principle approval from BSE Limited. The majority of shares from loan conversion (2,42,42,424 shares) were allotted to promoter Parasmal Kanugo, while the remaining shares were distributed among 35 non-promoter investors. The Board also appointed Ms. Suryasnata Mishra as Independent Director for a 5-year term and M/s. Swati Bhatt & Co. as Secretarial Auditors. Additionally, Ms. Rina Patel resigned from her position as Director.