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Navneet Education Limited is primarily into manufacturing and trading of education books, reference books, technical & professional books in paper form and e-learning form, and also paper and non-paper based stationery products.
Company's annual consolidated profit sharply dropped to INR 30 Cr from INR 803 Cr, primarily due to lower exceptional gains and fair value losses on investments. Board declared Rs. 1.50/share dividend. A publishing business demerger is underway, pending approval, and new subsidiaries were established.
Navneet Education confirmed its registrar processed all dematerialized shares for the recent quarter, ensuring smooth handling of investor transactions. This is a routine operational update.
Navneet Education has launched a new manufacturing unit in Valsad, Gujarat, for plastic moulding, extrusion films, and blown films. The company has secured the required factory license to commence production at this new facility.
Navneet Education's wholly-owned subsidiary, Navneet Tech Ventures, reports the resignation of Director Shri. Vasant J. Gori. This change takes immediate effect and is attributed to personal reasons. The company emphasized no other material reasons for the departure, suggesting a standard leadership transition within the subsidiary. Investors should note this as...
Navneet Education Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company has incorporated a wholly owned subsidiary, Brick N Click Inc, in Delaware, USA, signaling a strategic move to expand its international footprint and strengthen digital/global education offerings. No immediate financial...