Nitco Limited
Incorporated in 1966, NITCO Ltd is in the tiles and marble business
What Nitco files
- Others73
- Important34
- Updates20
- Board Meeting15
- Results2
- Insider Trade2
NITCO successfully recovered a long-outstanding capital advance of ₹9.96 Cr from Saumya Buildcon. This full settlement of funds, initially for a non-materialized land deal, strengthens NITCO's balance sheet.
Nitco Limited's promoter, Vivek Talwar, increased his stake by acquiring 55.06 lakh new equity shares via preferential allotment. The acquisition, valued at ₹38.09 Cr, boosts his total holding from 11.22% to 13.16%, signaling stronger promoter commitment.
Nitco's promoter, Vivek Talwar, increased his stake from 8.82% to 11.53% by converting warrants into equity shares through a preferential allotment worth INR 50 Cr.
NITCO received a new tiles and marble order worth Rs. 19.44 Cr from Prestige Estates Projects Limited and Lodha Group. This signifies strong execution capability with reputed developers, positively impacting revenue outlook.
NITCO disputes a credit rating re-affirmation, citing outdated data. Having fully repaid sustainable debt to Authum and LIC, current debt is Rs. 50 Cr NCDs (5% interest) and Rs. 150 Cr NCPs held by Authum. Liquidity is Rs. 79.61 Cr cash/equivalents with timely interest payments.