Orient Electric News
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Orient Electric Intimation Of 8Th Annual General Meeting ('AGM') And Book Closure For AGM & Final Dividend For FY 2023-24
| AnnouncementPlease find enclosed intimation regarding Book Closure for AGM and Final Dividend for FY 2023-24.
Orient Electric Intimation Of 8Th Annual General Meeting ('AGM') And Book Closure For AGM & Final Dividend For FY 2023-24.
| AnnouncementPlease find enclosed intimation regarding 8th AGM and Book closure for AGM and Final Dividend.
Orient Electric Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amend...
| AnnouncementPlease find enclosed herewith the disclosure regarding the DRC -01A received via email at 06: 59 pm on June 28, 2024 .
Orient Electric Closure of Trading Window
| AnnouncementPlease find attached the intimation letter regrading closure of trading window.
Orient Electric Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
| AnnouncementThis is to inform you that NRC committee of the Company on June 18, 2024, granted 3,00,378 stock options to Mr. Ravindra Singh Negi, MD & CEO of the Company under Orient Electric Employee Stock Option Scheme-2019.
Orient Electric Contact Details Of Key Managerial Personnel Authorized For Determining Materiality Of Events / Information
| AnnouncementPlease find enclosed the contact details of authorized Key Managerial Personnel of the Company for determining the materiality of event or information pursuant to Regulation 30(5) of SEBI (LODR) Regulations, 2015.
Orient Electric, part of the $3 billion CK Birla Group, has appointed Ravindra Singh Negi as its managing director and CEO, effective May 31, 2024. Negi, with extensive experience in electrical consumer durables, will guide the company towards sustained growth. He will be based in New Delhi and succeed Deepak Khetrapal as managing director.
Orient Electric Announcement under Regulation 30 (LODR)-Change in Directorate
| AnnouncementPlease find attached the disclosure for resignation of Mr. Desh Deepak Khetrapal from the Board of Directors of the Company as well as Vice Chairman & MD and Appointment of Mr. Ravindra Singh Negi as Managing Director & CEO of the Company.
Orient Electric Announcement under Regulation 30 (LODR)-Resignation of Director
| AnnouncementPlease find attached the outcome of the Board Meeting
Orient Electric Announcement under Regulation 30 (LODR)-Resignation of Managing Director
| AnnouncementPlease find attached the outcome of the board meeting
Orient Electric Announcement under Regulation 30 (LODR)-Press Release / Media Release
| AnnouncementPlease find attached the press release related to appointment of Mr. Ravindra Singh Negi as MD & CEO.
Orient Electric Announcement under Regulation 30 (LODR)-Change in Management
| AnnouncementPlease find attached the outcome of the Board meeting dated 30th May, 2024
Orient Electric Board Meeting Outcome for Outcome Of The Board Meeting
| AnnouncementTook on record the resignation of Mr. Desh Deepak Khetrapal (DIN: 02362633) as Director and from the position of Vice Chairman & Managing Director of the Company, to be effective from the close of business hours on May 30, 2024. Pursuant to Sub-para (7C) of Para A of Part A of Regulation 30 of Listing Regulations, the copy of his resignation letter as submitted to the Company is enclosed herewith as Annexure 1a. 2. Appointed Mr. Ravindra Singh Negi (DIN: 10627944) as the Managing Director of the Company for a period of five (5) years effective from May 31, 2024, designated as Managing Director and CEO, on the recommendation of the Nomination and Remuneration Committee, subject to approval of the shareholders of the Company, which shall be taken within prescribed timeline.
Orient Electric Communication Sent To Shareholders W.R.T. Furnishing Of PAN, KYC Details And Nomination By Holders Of Physical Securitie...
| AnnouncementPFA copy of letter sent to Shareholders.
Orient Electric Announcement under Regulation 30 (LODR)-Earnings Call Transcript
| AnnouncementPlease find enclosed copy of earnings call transcripts held on May 10, 2024 at 10:00 AM (IST) to discuss audited financial for the quarter and year ended March 31, 2024
Orient Electric Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
| AnnouncementPlease find enclosed link of recording of earnings call held on May 10, 2024 at 10:00 AM (IST) to discuss the Audited financial statement for the quarter and year ended March 31, 2024.
Orient Electric Announcement under Regulation 30 (LODR)-Newspaper Publication
| AnnouncementPlease find enclosed copies of newspaper advertisement pertaining to Audited financial results of the company for the quarter and year ended March 31, 2024.
Appliances maker Orient Electric on Thursday reported a 48% fall in its fourth-quarter profit as higher expenses offset demand.
New Delhi-based Orient reported a net profit of 128 million rupees ($1.5 million) for the three months ended March 31, compared with 246.2 million rupees a year earlier.
Orient Electric Announcement under Regulation 30 (LODR)-Investor Presentation
| AnnouncementPlease find attached the Investor Presentation on audited financial results of the company for the quarter and financial year ended 31st March 2024
Orient Electric Announcement under Regulation 30 (LODR)-Investor Presentation
| AnnouncementPlease find attached the Investor Presentation on audited financial results of the company for the quarter and financial year ended 31st March 2024
Orient Electric Corporate Action-Board approves Dividend
| AnnouncementThe Board of Directors in their meeting today i.e. 09 May 2024 declared final dividend for the financial year 2023-24. Intimation is attached.
Orient Electric Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (Listing Regul...
| AnnouncementPlease find attached the outcome of board meeting
Orient Electric Board Meeting Outcome for .Outcome Of The Board Meeting Held On Thursday, May 09, 2024
| Announcement1. Approved the Audited Financial Results of the Company for the quarter and year ended March 31, 2024. Pursuant to Regulation 33 of the Listing Regulations, copy of the aforesaid Audited Financial Results of the Company, alongwith Audit Report of the Statutory Auditors' thereon is enclosed herewith. It is hereby further confirmed that the Statutory Auditors' have issued the Audit Report on the aforesaid Audited Financial Results with unmodified opinion. Aforesaid Audited Financial Results will also be available on the website of the Company, www.orientelectric.com.2. Recommended a final dividend of Re.0.75(@75%) per equity share of face value of Re. 1 each for the financial year ended March 31, 2024, which is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company.
Orient Electric Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Commenc...
| AnnouncementPursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed intimation regarding commencement of commercial production at Hyderabad Plant at Hyderabad, Telangana.
Orient Electric Compliances-Reg.24(A)-Annual Secretarial Compliance
| AnnouncementPursuant to Reg 24A of SEBI (LODR) Regulations 2015, Please find enclosed herewith the Annual Secretarial Compliance report of Orient Electric Limited for financial year ended March 31, 2024, as issued by M/s A.K. Labh & Co. Practicing Company Secretaries.
Orient Electric Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
| AnnouncementIn terms of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to hereby inform you that the management of the Company shall be participating in an Earnings Call, to discuss the audited financial results of the Company for the quarter and year ended March 31, 2024, being organized by Ambit Capital Pvt. Ltd on Friday, May 10, 2024 at 10:00 AM (IST).
Orient Electric Board Meeting Intimation for Considering And Approving The Audited Financial Results And To Consider To Declare Final ...
| AnnouncementOrient Electric Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/05/2024 ,inter alia, to consider and approve Audited financial results for the quarter and year ended March 31, 2024 and to consider to declare final dividend for the Financial year 2023-24, if any
Orient Electric Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 -Awards By Industrial Tribunal-Cum-Labour Court -III, Far...
| AnnouncementPlease find enclosed disclosure regarding the awards passed by Industrial Tribunal- cum- Labour Court - III, Faridabad, Haryana and Demand order by Deputy commissioner, commercial Taxes Department, Telangana.
In the last one month as the temperatures have been soring, the stocks related to air conditioner companies have been moving higher, with buy reports pouring in. There is another side of summer heat leading to higher sales. There are other consumer electrical goods companies which are not in air conditioners, but in other goods, like fans and goods like juicer mixers, whose demand is also strongly linked to intensity and duration of summer month. But these stocks have not seen the kind of run up, Probably because they have been facing headwinds of higher competition. The question is whether the push of summer sales, help them recover fast and if that was to happen, these stocks which were probably best performing stock till late 2021, may see getting back interest.
Orient Electric Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Issuanc...
| AnnouncementWe hereby wish to inform that Government of Telangana has issued on 19th April, 2024 Factory License for the upcoming manufacturing plant of the Company at Hyderabad.
Orient Electric Compliance Certificate As Per Regulation 7(3) Of The Securities And Exchange Board Of India (Listing Obligations And Dis...
| AnnouncementPlease find attached certificate as per regulation 7(3) of SEBI (LODR) Regulation, 2015
Orient Electric Compliance Certificate In Terms Of Regulation 40 (9 & 10) Of The SEBI (LODR) Regulations, 2015
| AnnouncementPlease find attached certificate under regulation 40 (10) of SEBI (LODR) Regulation, 2015
Orient Electric Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
| AnnouncementPlease find attached certificate under Regulation 74 (5) of SEBI (DP) Regulation.
Orient Electric Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amend...
| AnnouncementPFA, disclosure under Regulation 30 para A of Part A of Schedule III of LODR, 2015.
Orient Electric Closure of Trading Window
| AnnouncementTrading Window for dealing into the shares of Orient Electric Limited for Designated Persons including their immediate relatives and those for whom they take trading decision, is closed from April 1, 2024 and shall remain closed till the completion of 48 hrs post announcement of Audited Financial Results of the Company for the Quarter and Financial Year ending March 31, 2024.
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On a day when the majority of the stocks are trading with a cut, one set of stocks which have been able to log in gains has been from a space which cannot be very clearly defined. The reason, what would you call a company which makes both, water geysers , and electrical wires, a white goods or electrical goods company.From the year 2015 to 2020, companies with strong brands in different sectors which were considered as commodity plays got re-rated by the street. The expansion in price earnings multiples of these companies led to big wealth creation.For the last more close to four years, with some more companies getting listed in the same sector and some headwinds emerging we saw these companies consolidating between a very broad range. Is the phase of valuation readjustment over, probably a time to get them on the watch list.
Sensex rises for 5th session, gains 282 points; Nifty closes at new high riding on auto stocks
| NewsAmong the Sensex stocks, Bajaj Finserv, Bharti Airtel, ICICI Bank, Bajaj Finance, Sun Pharma, and Maruti closed higher, while L&T, Wipro, TCS, Tata Motors, and Axis Bank ended with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.17 lakh crore to Rs 391.7 lakh crore.