Nandani Creations shifts from NSE emerge to main NSE
Nandani Creation Limited, popularly identified in the apparel market as “JaipurKurti.com†has made an announcement that it will migrate from NSE emerge to the main board of NSE.
Nandani Creation Limited, popularly
identified in the apparel market as “JaipurKurti.com†has made an announcement
that it will migrate from NSE emerge to the main board of NSE.
The company also
informed that it has received approval from the National Stock Exchange of
India Limited on August 31, 20221 to migrate some equity shares from the
NSE-SME platform to the main board of the National Stock Exchange of India
Limited from the beginning of September. As the company decided to change its
symbol on NSE from “NANDANI†to “JAIPURKURTIâ€, the major development from the
company was seen post that. The company also confirmed that it is planning to
make some investments, hiring, offline expansion, and retail store plans. The
fashion giant also said that the month of September 2021 will mark the
beginning of huge development for Nandani Creation Limited and its investors.
According to the
financials of the company, PAT for FY 2021 has increased by 140% and has
reached Rs 0.0178 billion while the sales turnover stood at Rs 0.46 Billion in
FY 2021. According to Anuj Mundhra, Chairman & Managing Director of Nandani
Creation Limited, this is a moment of immense pride and happiness for the
company because the migration to NSE’s main Board is a major milestone,
especially in such tough times of the coronavirus pandemic. He feels that the
trading on NSE’s main segment is going to offer greater visibility for the
company. This will also allow the company to offer higher value to its
stakeholders.
Mundhra further
added that the company has been in the fashion industry for more than 18 years.
“Jaipurkurti.com†is a trusted brand and it is known for delivering its
customers and clients the most desirable, chic, classy, and ethnic outfit
according to their choice. The brand promises to keep offering the best of the
industry.
He further
commented on the next phase of expansion. To this, he said that the company is
planning to expand its retail store and take this count to 20-25 by the end of
the year 2023. He also mentioned that 2 offline stores have already been opened
in the past few months. The offline expansion of Nandani Creation Limited has
been finalized in the key cities of Rajasthan that includes Jodhpur, Kota,
Sikar, Bhilwara, Ganganagar, Udaipur, Neemrana, and Alwar. He further stated
that Nandani Creation Limited is also going to
strongly focus on big cities that include Delhi, Pune, Gurgaon, and Indore.
Source – Press release of “Nandani Creation”
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