Portfolio update
Current portfolio
E2E Networks Limited
L&T has acquired a 21% stake in it and will develop data center which will be operated by E2E Networks. Localisation of the data theme will give them an advantage over bigger players.
https://nsearchives.nseindia.com/corporate/E2E_05112024105909_PressRelease08102024.pdf
Senco Gold Limited
Sales growth was good but margins were affected due to one time impact of customs duty approximately to Rs. 29.8 Cr.
Trust Finance Limited
This quarter results were poor due to delay in payments due to election. Management expects the payment to come through in this quarter. They got an order from Bank of Baroda which shows their capabilities.
There is an overhang of old software which has to be replaced and IPO money has not been utilized properly for the same.
Virat Industries Limited
Money is being infused by way of preferential allotment. 100 Cr is being infused into a 200 Cr company.
Future business and equity dilution has to be monitored.
Trident Techlabs Limited
It provides software related to Power and Engineering solutions to clients. Client list comprises State electricity boards, power companies, defense agencies like Navy and DRDO. It has partnered with global leaders like Eaton.
They are forming a semiconductor subsidiary which will provide electronic design automation tools.
https://nsearchives.nseindia.com/corporate/TECHLABS_14112024201304_Investor_Presentation_S.pdf
Annvrridhhi Ventures Limited (J Taparia Projects Limited)
This company has been taken over by Mr. Chirayu Agrawal and Mr. Sarvesh Agrawal. They have experience in the FMCG and QSR industry. They are shareholders and directors in Transglobal Trade Integration Private Limited which is engaged in the business of Master Franchisee of La Pinoz Pizza of Gujarat.
Company name is changed and indicates the future business to be in line with FMCG or QSR.
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