Indrayani Biotech hits the roof on incorporating non-profit entity

13 Sep 2022 , 12:49 PM

IBL Social Foundation has been incorporated as a non-profit organization for implementing social welfare activities in various fields. Indrayani Biotech has subscribed to 9,992 equity shares of IBL Social Foundation at face value of Rs 10 each aggregating to Rs 99,920, which equals to 99.92% shareholding in the entity. Indrayani Biotech is primarily operating in the tri-segment, foods & hospitality, engineering and healthcare divisions post the scheme of amalgamation. The companys consolidated net profit jumped 175.4% to Rs 1.79 crore on a 79.1% rise in net sales to Rs 25.63 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News