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ESAB India Ltd is a leading supplier of welding and cutting products in India. It is a subsidiary of ESAB Group which was ultimately owned by the Colfax Corporation of USA.
ESAB India's Board approved Q1 financial results: Total Income 422.90 Cr, Net Profit 56.14 Cr, EPS 36.48. A final dividend of Rs. 25/share was also approved. Company to invest up to 0.40 Cr for 26% equity in an SPV for 1MW solar power at its Nagpur plant.
ESAB India's board approved the disposal of Khardah land, an asset previously held for sale. The asset's sale was completed in the September quarter, affecting the company's asset base.
ESAB India's Business Responsibility and Sustainability Report reveals key operational shifts. The company significantly boosted R&D spending to $3.88 Mn and Capex to $6.40 Mn for product/process improvements. While environmental footprint metrics increased, efficiency initiatives are underway, including greater renewable energy use. Total waste generated surged, though waste recovered also...
ESAB India has responded to a recent letter from SEBI regarding a compliance matter. The company has provided the necessary information as requested and has attached a copy of their reply for reference. This proactive engagement with the regulatory body indicates ESAB's commitment to maintaining transparency and ensuring adherence to...
ESAB India Limited has received a caution letter from the Securities and Exchange Board of India (SEBI) regarding inadequate disclosures for related party transactions made during its AGM in August 2023. The letter emphasizes the need for improved disclosures in future communications. Although this notice may imply a need for...