Firm is venturing in to new verticals together with Drone, Data Know-how, AI and Robotics, Electrical Car Charging Stations amongst others
Ahmedabad (Gujarat) [India], December 15: Ahmedabad-based Vivanta Industries Ltd (BSE – 541735) – offering consultancy and Turnkey options for initiatives from conceptualisation to implementation goals to transform operations with focus on next-gen tech companies. Firm is venturing into new verticals together with drone, Data Know-how, AI and Robotics, Charging station for electrical autos amongst others. Firm has already began work on the Drone and EV enterprise and goals to make it massive in coming time.
In September 2023, firm entered in to In-principal Memorandum of Understanding (MOU) with Vivanta Drone Analysis Centre Tanzania Ltd (VDRCTL). Vivanta Industries Ltd will purchase 50% stake in VDRCTL for establishing meeting line in addition to R&D of drones. Firm count on a large enterprise alternative from African Continent and look to expedite the challenge.
Highlights:-
- To increase in drone enterprise, firm has entered in MOU with Vivanta Drone Analysis Centre Tanzania Ltd and purchased 50% stake; To arrange meeting line in addition to R&D
- In April 2023, firm acquired USD 5 million work order from US based mostly EVOCNA
- Firm count on to fee Biogas challenge in Sabarkantha in a close to future
- Firm accredited 1:4 bonus concern; Buying and selling approval was acquired from BSE on 15 September 2023
- For FY23 firm reported Web revenue of Rs. 1.30 crore on Complete Revenue of Rs. 24.81 crore
Additional in April 2023, firm acquired work order amounting USD 5 million from Electrical Car Organizational Centre North America Company (EVOCNA) for establishing EV charging and manufacturing unit. Firm count on to set up the plant in 18-24 months and required software program in 6-12 months from the date of receipt of order. The order is for commercialization of Electrical Car applied sciences, which embody vehicle-to-grid, Car-to-building, and vehicle-to-load capabilities, by validating the applied sciences and demonstrating the business viability of such applied sciences. Firm count on to attain gross sales price approx USD 10 million and above after establishing the challenge.
Within the Additional-Peculiar Common Assembly of the Firm held on February 13, 2023, members of the corporate had accredited modification of objects clause of the Memorandum of Affiliation permitting the corporate to enterprise in to a number of companies together with Agriculture & Animal Feed, Industrial automation, industrial robotics programs & drone, charging station for electrical autos amongst others.
Established in 2013, Vivanta Industries Ltd is a civil building and engineering firm affords vary of companies together with land survey and procurement, challenge designing, fiscal research, funding, and advertising and marketing companies. Firm has executed turnkey initiatives particularly in prescribed drugs, Agro based mostly fertiliser initiatives, industrial park. Firm’s shares are listed on Bombay Inventory Trade. Firm additionally has over 6 years of expertise in challenge consultancy by i) energy of Utilized Intelligence and ii) Excellence and Innovation constructed into each design. This applied sciences have been efficiently commercialised in quite a few initiatives that continues to be marketed across the globe.
Firm in September 2022 was awarded with turnkey contracts to set up biogas initiatives and industrial park within the state of Gujarat amounting Rs. 37 crore. The corporate to fee the biogas challenge in Sabarkatha district in a close to future and expects to begin work on biogas initiatives in Banaskantha and North Gujarat with 40 MT capability. The combination value of those initiatives costing Rs 12 crore.
For H1FY24, firm reported multi-fold rise within the whole revenue to Rs. 23.03 crore as in contrast to whole revenue of Rs. 0.90 crore in H1FY23. Web Revenue throughout H1FY24 was reported at Rs. 1.01 crore, 47% rise Y-o-Y from Rs. 68 lakh internet revenue reported in H1FY23. For FY23, firm reported Web Revenue of Rs. 1.30 crore on Complete revenue of Rs. 24.81 crore. As on September 2023, firm has internet reserves amounting to Rs. 4.02 crore. Promoter Group holding within the firm as on 30 September 2023 stands at 39.14%.
Through the present monetary 12 months of FY23-24, firm’s board of administrators had accredited a bonus concern of fairness shares within the ratio of 1:4 i.e., 1 new fairness share of Rs 1 every for each 4 present fairness shares of Rs 1 every held by the corporate’s shareholders. Pursuant to the approval, firm allotted 2.5 crore bonus shares of Rs. 1 face worth. Buying and selling approval was acquired from Bombay Inventory Trade on 15 September 2023. In February 2023, share of the corporate with face worth of Rs. 10 every had been break up into 10 fairness shares of Rs. 1 face worth.
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