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Nandani Creations shifts from NSE emerge to main NSE

Sep 01, 2021
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. 

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 “JAIPURKURTI”, 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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