{"id":37115,"date":"2025-04-17T13:33:58","date_gmt":"2025-04-17T08:03:58","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/04\/17\/bse-grants-in-principle-approval-to-sattva-sukun-lifecare-for-rights-issue-up-to-rs-49-50-cr\/"},"modified":"2025-04-17T13:33:58","modified_gmt":"2025-04-17T08:03:58","slug":"bse-grants-in-principle-approval-to-sattva-sukun-lifecare-for-rights-issue-up-to-rs-49-50-cr","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/04\/17\/bse-grants-in-principle-approval-to-sattva-sukun-lifecare-for-rights-issue-up-to-rs-49-50-cr\/","title":{"rendered":"BSE Grants In Principle Approval To Sattva Sukun Lifecare For Rights Issue Up To Rs 49.50 Cr"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], April 17:\u00a0 <\/strong>Sattva Sukun Lifecare Limited (Sattva Sukun, The Company) engaged in the manufacturing of aroma and home decor products, proposes to open its Right Issue and aiming to raise \u20b9\u00a049.50\u00a0Crore.\u00a0The\u00a0company\u00a0has\u00a0received\u00a0in-principle\u00a0approval\u00a0from\u00a0the\u00a0Bombay\u00a0Stock\u00a0Exchange\u00a0on\u00a027th March for its proposed rights issue.<\/p>\n<p>The net proceeds from the Rights Issue will be utilized to meet the working capital requirements of the company, support business expansion, and invest in existing subsidiaries. If deemed appropriate, the funds may also be used to form or acquire new subsidiaries or associate companies for business expansion and diversification, or to invest in identified companies with high growth potential.<\/p>\n<p><strong>Mr.\u00a0Mit Brahmbhatt, Managing Director of Sattva Sukun Lifecare Limited said<\/strong>, \u201cThe in-principle approval from BSE\u00a0for the Rights\u00a0Issue\u00a0is an important milestone\u00a0for us as\u00a0we continue to\u00a0strengthen our market position and drive innovation in burner manufacturing. The proceeds from this issue will be strategically utilized to strengthen our working capital, support business expansion, and invest in our existing and potential subsidiaries. As we continue to witness strong demand for our premium aroma and home decor products, this capital infusion will enable us to scale operations, enhance product innovation, and expand our market presence.<\/p>\n<p>Our robust financial performance, with a 65% increase in revenue and 126% growth in net profit for the nine-month period ended December 2024, reflects our operational efficiency and commitment to excellence. The company remains focused on leveraging new opportunities, expanding its digital footprint, and delivering value to all stakeholders.<\/p>\n<p>We are confident that this Rights Issue will further strengthen our foundation for long-term success.\u00a0With the continued\u00a0support of our shareholders,\u00a0we\u00a0will continue to\u00a0drive\u00a0innovation,\u00a0expand\u00a0our\u00a0reach, and create sustainable value. We look forward to an exciting future filled with new opportunities and milestones.\u201d<\/p>\n<p><strong>About\u00a0Sattva\u00a0Sukun\u00a0Lifecare\u00a0Limited:<\/strong><\/p>\n<p>Sattva Sukun Lifecare Limited is a manufacturer of premium aroma and home decor products, specializing in Aroma Diffusers, Glass &amp; Wooden Diffusers, Dhoop Burners (Bakhoor Dani), Essential Oils, Camphor Products, Decorative Lamps, and more. With a strong presence in both corporate and retail sectors, the company ensures quality and innovation in every product. Its extensive online\u00a0presence on platforms like JioMart, Amazon, Flipkart, Meesho, Snapdeal, and IndiaMART makes its products easily accessible to customers nationwide. The company has a track record with over 20 years\u00a0of experience and is committed to innovation and quality, driving growth and customer satisfaction across its diverse business operations.<\/p>\n<p><strong>Key\u00a0Highlights:<\/strong><\/p>\n<ul>\n<li>Q3\u00a0FY24-25:\u00a0Net\u00a0profit\u00a0up\u00a084%,\u00a0revenue\u00a0up\u00a029%.<\/li>\n<li>Nine-month\u00a0FY24-25:\u00a0Net\u00a0profit\u00a0up\u00a0126%,\u00a0revenue\u00a0up\u00a065%.<\/li>\n<li>Board\u00a0approved\u00a0Rs.\u00a03,500\u00a0Lakhs\u00a0investments\u00a0in\u00a0new\u00a0and\u00a0existing\u00a0subsidiary.<\/li>\n<li>Board\u00a0approved\u00a0Rs.\u00a0500\u00a0Lakhs\u00a0allocated\u00a0for\u00a0business\u00a0expansion.<\/li>\n<\/ul>\n<p><strong>Financial\u00a0Highlights:<\/strong><\/p>\n<ul>\n<li><strong>For the quarter ended December 2024, revenue\u00a0<\/strong>from operations was Rs. 195.54 lakh,\u00a0<strong>29% higher <\/strong>than\u00a0Rs.\u00a0151.54\u00a0lakh\u00a0in\u00a0the\u00a0corresponding\u00a0quarter\u00a0of\u00a0the\u00a0previous\u00a0year.<\/li>\n<\/ul>\n<ul>\n<li><strong>For the quarter ended December 2024, Net profit\u00a0<\/strong>for the quarter was Rs. 69.23 lakh,\u00a0<strong>84% higher <\/strong>than the previous year\u2019s Rs. 37.67 lakh.<\/li>\n<\/ul>\n<ul>\n<li><strong>For the nine-month ended FY24-25,\u00a0<\/strong>the company\u2019s revenue from operations was Rs. 421.14 lakh, <strong>an\u00a0increase\u00a0of\u00a065%\u00a0<\/strong>over\u00a0Rs.\u00a0256.09\u00a0lakh\u00a0in\u00a0the\u00a0same\u00a0quarter\u00a0of\u00a0the\u00a0previous\u00a0fiscal.<\/li>\n<\/ul>\n<ul>\n<li><strong>For\u00a0the\u00a0nine-month\u00a0ended\u00a0FY24-25,\u00a0net\u00a0profit\u00a0<\/strong>for\u00a0the\u00a0period\u00a0was\u00a0Rs.\u00a0164.80\u00a0lakh,\u00a0<strong>126% higher <\/strong>than\u00a0Rs.\u00a073.03\u00a0lakh\u00a0last\u00a0year.<\/li>\n<\/ul>\n<p><strong>Disclaimer: <\/strong><em>Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], April 17:\u00a0 Sattva Sukun Lifecare Limited (Sattva Sukun, The Company) engaged in the manufacturing of aroma and home decor products, proposes to open its Right Issue and aiming to raise \u20b9\u00a049.50\u00a0Crore.\u00a0The\u00a0company\u00a0has\u00a0received\u00a0in-principle\u00a0approval\u00a0from\u00a0the\u00a0Bombay\u00a0Stock\u00a0Exchange\u00a0on\u00a027th March for its proposed rights issue. The net proceeds from the Rights Issue will be utilized to meet the working capital&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/04\/17\/bse-grants-in-principle-approval-to-sattva-sukun-lifecare-for-rights-issue-up-to-rs-49-50-cr\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;BSE Grants In Principle Approval To Sattva Sukun Lifecare For Rights Issue Up To Rs 49.50 Cr&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":37116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-37115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/37115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=37115"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/37115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/37116"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=37115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=37115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=37115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}