Assembly of the Board of Administrators is scheduled on 25 Sep 2023 to contemplate and approve allotment of 99.99 lakh fairness Shares by the use of Bonus Subject
Firm has efficiently turnaround the enterprise operations in FY23 and prepared for the subsequent part of progress
Authorised share capital of the firm elevated to Rs. 31 crore from Rs. 21 crore
Firm has a robust product portfolio of over 100 Natural and Ayurvedic Merchandise in Skincare, Bodycare, Haircare, Oralcare, Healthcare and Perfume
Firm has efficiently accomplished Rs. 5.9 crore preferential problem to fund its enlargement plans
Firm’s model ‘Ayuveer’ and e-commerce platform is getting robust traction in the home and export markets; Began exports to USA and South Africa
Firm’s shopper consists of Dava India, Gracious Pharma, Babuline Pharma, Graciera Pharma, Apollo Pharmacy and many others
Gujarat (India), September 16: Veerhealth (*22*) Ltd – engaged in the enterprise of ayurvedic, natural and private care merchandise has mounted 22nd September as the record date for the objective of ascertaining eligibility of shareholders for issuance of bonus fairness shares of the firm. Firm accredited problem of bonus fairness shares in the ratio of 1:1 i.e 1 totally paid up fairness share for each 1 fairness share held in the board assembly dated 14 August 2023. The board has additionally accredited to extend the authorised share capital of the firm to Rs. 31 crore from Rs. 21 crore. Annual Basic assembly of the firm was held on 11 September 2023.
Assembly of the Board of Administrators of the Firm is scheduled on 25 September 2023 to contemplate and approve allotment of 99,99,238 Fairness Shares of Rs. 10/- every by the use of Bonus Subject to such members whose identify seems in Register of Members as on September 22, 2023 being the record date mounted for the objective of bonus problem. Firm have acquired in-principle approval from BSE vide Letter No. LOD/Bonus/TP/DA/615/2023-24 dated September 12, 2023 for problem and allotment of 99,99,238 Bonus Fairness Shares of Rs. 10/- every in the ratio of 1:1.
Firm has a robust product portfolio of over 100 Natural and Ayurvedic Merchandise in Skincare, Bodycare, Haircare, Oralcare, Healthcare and Perfume. Firm’s model ‘Ayuveer’ and its e-commerce platform is getting robust traction in the home and export markets; Began exports to USA and South Africa. Firm’s shopper consists of Dava India, Gracious Pharma, Babuline, Graciera Pharma, Apollo Pharmacy and many others. Firm has a imaginative and prescient to develop into a number one supplier of well being care and private care merchandise by making accessible research-based high quality merchandise to fulfill the diverse well being wants of consumers.
Veerhealthcare (*22*) Ltd has efficiently turnaround the enterprise operations in FY23 and prepared for the subsequent part of progress and quantum bounce in the income and income. For Q1FY24, firm reported complete earnings progress of 28% Y-o-Y and Internet Revenue progress of 294% Y-o-Y.
Firm is progressing effectively on its long-term progress roadmap and already accomplished its enlargement plans. Firm’s ‘Ayuveer’ model is getting good traction in the home and export markets and firm is planning to launch many revolutionary product in time to come back.
In the month of March 2023, firm has efficiently accomplished preferential allotment of 30.65 lakh fairness shares of Rs. 10 every at Rs. 19.25 per share together with premium of Rs. 9.25 per share amounting Rs. 5.90 crore. The funds are being utilised for the enlargement of firm’s manufacturing amenities, new product launches and set up new manufacturing strains.
Firm has not too long ago signed contract to produce “WHIDENT” vary of toothpaste to North West African international locations together with Morocco, Casablanca and many others. The transfer is a part of firm’s enlargement plans to broaden its presence in the export market and enhance export gross sales. Firm has already been efficiently manufacturing and exporting varied kinds of toothpaste to East African international locations.
The Firm produces Intensive research-based high quality merchandise with professional steering and massive expertise of famend Vaid of Mumbai, Dr. Vinod C. Mehta, an Ayurvedic practioner since 30 years and Dr. Rajiv Bhirud, an professional in formulations of beauty and private care merchandise. The corporate is well-equipped with state-of-the-art manufacturing amenities and expert personnel to make sure optimum utilization of sources with the highest quality product.
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