Shalibhadra Finance accelerates growth trajectory

Shalibhadra Finance Limited (BSE Code - 511754) announces the opening of five new branches during the current quarter, marking a significant expansion of its footprint in key regions. This is inclusive of the Company's first-ever branch in Rajasthan, further solidifying its presence in the Indian financial landscape. With the addition of these branches, the Company fortifies its network to a total of 47 branches strategically positioning itself to better serve its growing customer base across diverse geographies.

The Company, keeping market demand in perspective, has launched a new financial product - Personal Loans tailored specifically for rural areas. This product launch has garnered a positive response and is in line with the Company's focus of offering inclusive financial solutions to all segments of society.

Further, the Company is pleased to announce the successful implementation of a new Loan Origination System (LOS). This cutting-edge system optimizes the customer onboarding process, ensuring a seamless and expedited experience. With the new LOS system in place, customers can anticipate faster processing times and enhanced service quality.

Commenting on these milestones, Mr. Minesh M Doshi, Managing Director said "We are delighted to announce the expansion of our branch network and the introduction of our new product offering. These strategic initiatives are in line with our vision to meet the evolving needs of our customers and advancing financial inclusion. The successful implementation of our new LOS system underscores our dedication to innovation and operational efficiency in serving our customers. At Shalibhadra, we continue to expand and innovate and are committed to empower individuals and businesses through accessible and dependable financial solutions."

Shares of SHALIBHADRA FINANCE LTD. was last trading in BSE at Rs. 432.50 as compared to the previous close of Rs. 429.15. The total number of shares traded during the day was 27547 in over 142 trades.

The stock hit an intraday high of Rs. 445.00 and intraday low of 418.15. The net turnover during the day was Rs. 12024091.00.

Source : Equity Bulls

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SHALIBHADRAFINANCE INE861D01011 5NewBranches