Indian firm Nandani Creation migrates from NSE Emerge to Main Board

Nandani Creation Limited has received approval from National Stock Exchange of India Limited on August 31 for migration of 1,0033,950 Equity shares from the NSE-SME platform to the main board of National Stock Exchange of India Limited w.e.f. September 2, the company said in a media release.

Recently, the company reported resilient financial results for FY 2021, where the Standalone PAT for FY 2021 has increased by 140 per cent to ₹1.78 crores as against ₹74 lakhs in FY 2020. The sales turnover of the company stood at ₹46.09 crores in FY 2021 as against ₹43.73 crores in FY 2020.

Anuj Mundhra, chairman & managing director of Nandani Creation Limited, said: "It is a matter of immense pride and happiness as the migration to NSE's main Board is a major milestone, especially in midst of coronavirus crisis. It is certainly a proud moment for our company and our stakeholders who have extended their valuable support. The trading on NSE's main segment would lead to greater visibility for the company and will allow the company to deliver higher value to all the stakeholders.

"We are in the fashion industry for more than 18 years, and the trusted brand 'Jaipurkurti.com' has left no stone unturned to assure their customers and clients by providing the most desirable, classy yet ethic outfit as per their preferred choices, and will continue to do living up to our commitment of providing the best of the industry."

Commenting on the next phase of expansion, Mundhra said, "We will be taking the count of retail stores total to 20-25 by the end of the year 2023 and in this chain 2 offline stores have already been opened in the past few months. Key cities in the state of Rajasthan have already been finalised for the offline expansion of Nandani Creation Limited. These cities are Kota, Sikar, Jodhpur, Udaipur, Bhilwara, Ganganagar, Neemrana and Alwar. Moreover, for the Financial Year 2022-23, Nandani Creation Limited will be strongly focussing on big cities like Pune, Gurgaon, Indore and Delhi as well."

ALCHEMPro News Desk (KD)