FMCG Stock Wins Rs 180 Mn Order After 1:1 Bonus Share Announcement: Do You Own?

Integra Essentia shares were up 2.44% on Thursday at Rs 6.30 per share on the NSE following the receipt of a new order worth approximately INR 180 million by the company's Agro Product Division for the supply of Premium Rice. This brings the total amount on the consolidated order book to INR 300 million, with the order expected to be fulfilled this year. With the present order book, sourcing, and supply plan execution, the company is growing year over year by around 25% in the current fiscal year.

A wide range of bulk and speciality materials and services are produced and marketed by Integra Essentia Limited, which is rapidly surpassing the revenue targets set at the beginning of the current fiscal year. The company is experiencing exponential growth while looking into various strategic integration / acquisitions to tap into the enormous business potential embedded in the ever-growing demand for life essentials and a wide variety of lifestyle products.

The Integra Essentia corporate board authorised the 1:1 distribution of bonus shares last week. The exchange will be notified separately of the record date, which will be determined in order to identify the eligible shareholders for the purpose of bonus shares.

The board of the firm has also authorised raising Rs 100 crore in two tranches to accelerate expansion.
"The board of directors of the company considered and approved to accelerate the growth further, issuance and allotment of securities to raise funds for an aggregate amount of up to Rs. 100 Crore (Rupees One Hundred Crore), by way of a Preferential Allotment, QIP's, ADR, GDR, FCCB or any other method or combination thereof including series of Right Issue(s), each tranche not exceeding Rs. 50 Crore (Rs. Fifty Crores Only), on such terms (to be decided by the Board or a duly constituted committee of the Board at a later date) as are in accordance with applicable law, including Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulations, guidelines etc. as amended up to date," said the company in a stock exchange filing.

Integra Essentia Limited is an India-based company that is engaged in the business of life essentials such as food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development), and energy (materials, products, and services for renewable energy equipment and projects).