Manorama Industries Limited migrates from BSE SME to Bombay Stock Exchange Mainboard

Manorama Industries Limited, a global pioneer in the manufacturing of specialty fats and butter has announced the migration of its equity shares from the BSE SME platform to the BSE Mainboard. The company listed on the BSE SME platform over two years back and has met all the criteria needed for the shift. The stocks will be admitted to dealings in the category 'B Group' on the BSE Mainboard platform from Tuesday 20th July 2021.

Commenting on the listing, Ms. Vinita Saraf, Chairperson and Managing Director said: "It gives us great pleasure to inform you about the company's milestone of migrating from the BSE SME platform to the BSE Mainboard Platform. We received the in-principle approval from BSE and listed it on the BSE Mainboard by completing all the necessary listing formalities. All of us at Manorama are humbled by this, and I would like to thank all our regulators, customers, employees and shareholders who strongly believe in the growth and potential of the Company.

As we move ahead, we hope to deliver more value to our stakeholders and are fully committed to our long-term vision and goal to provide the highest level of customer satisfaction by serving them more effectively and efficiently with the host of our innovative range of products in the Cocoa Butter Equivalent, Specialty fats, and butter segment. We would also like to thank all our existing stakeholders for their continued support and assure them of achieving robust operational and financial performance with the full-fledged revival in demand across product categories."

Shares of Manorama Industries Ltd was last trading in BSE at Rs.1739.85 as compared to the previous close of Rs. 1840. The total number of shares traded during the day was 6600 in over 44 trades.

The stock hit an intraday high of Rs. 1850 and intraday low of 1700. The net turnover during the day was Rs. 11724082.

Source : Equity Bulls

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