Sindhu Trade Links, a New Delhi primarily based firm that’s primarily engaged in transportation logistics and help providers, has knowledgeable exchanges that it has decreased its debt by round 40 per cent. The present excellent of secured Bank/NBFCs-debt has reached under Rs 100 crore.
According to a regulator submitting by the corporate, it had minimize the debt by Rs. 74.34 crores from Rs 173.50 crore to Rs. 99.16 crore.Â
The firm had in 2022 initiated this debt discount programme following an enormous disruption prompted by the Covid-19 pandemic. It has considerably decreased its debt in the previous two quarters and goals to grow to be debt free by finish of 2023, contemplating the mass growth in their enterprise operations in India as properly as abroad.
“…continuing with tenacity to reduce debt every quarter and accordingly Rs 74.34 crore od secured bank/NBFC’s debt has been repaid by the company in the last financial year,” the corporate mentioned in the submitting.
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“As required in current economic situation, the management is focusing on debts and has substantially reduced secured bank/NBFC’s debt in last financial year. This signifies the financial strength and will result in better financial management and reduction of costs,” Vikas Singh Hooda, CFO, mentioned.
The BSE listed firm’s shares at the moment commerce at Rs 22. Its 52-week vary is Rs 42.65 – Rs 15.30. According to shareholding sample, promoters have 74.93 per cent stake in the corporate whereas remaining 25.03 is owned by the general public. The firm has a market cap of Rs 3,512.51 crore, in accordance to BSE knowledge.
