Beckons Industries Limited
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BSE Code:
531937
NSE Code:
Business Profile
Business Profile
Beckons Industries (BECKONIN) is engaged in security printing and biotechnology. It was incorporated as a private limited company on Sep. 03, 1992, was converted to a public limited company on Mar. 15, 1995, and got its present name on Sep. 05, 2003.
The company manufactures cut sheet papers, pre-printed computer stationery like invoices, water/electricity bills and other various printed forms required by corporates, plain/EZR computer papers and single color pre-printed items with logos at its manufacturing facilities in Mohali, Punjab. It has entered into a joint collaboration agreement with the Punjab State Council for Science & Technology for setting up a biotechnology park called Genome Valley in Mohali, Punjab. The company has promoted a subsidiary company called Punjab Biotechnology Park for setting up the park. It is setting up a 100% export-oriented biotechnology incubator (BTI) in a public-private partnership model with the Central Government and Government of Punjab in Derra Bassi, Punjab.
As part of its expansion plans, the company has initiated steps for manufacturing, processing and marketing of biofuel/biodiesel and computer peripherals in Punjab. It has an agreement with Oakland Technologies for promoting the sale of computer stationery for domestic and export markets and with Data Tech for sourcing its software needs. The company has set up a software development center in the US. The company supplies pre-printed computer stationery to leading public sector units like LIC, railways, IOC, MTNL, SAIL, defence establishments, Punjab Communication, Ranbaxy, Punjab Tractors, DCM, to name a few.
The registered office of the company is located at D-118, Industrial Phase- VII, S.A.S Nagar, Mohali-160055, Punjab.
Financials
Beckons Industries registered a steep drop of 69.77% in net profit of Rs 0.13 million for the quarter ended September 2007 from a profit of Rs 0.43 million for the quarter ended September 2006.
Net sales declined 10.49% to Rs 11.26 million for the quarter ended September 2007 from Rs 12.58 million for the quarter ended September 2006. Total income dipped 10.71% to Rs 11.26 million from Rs 12.61 million for the quarter ended September 2006.
The earnings per share (EPS) of the company stood at Rs 0.03 for the quarter ended September 2007.
Recent Developments
12-SEP-07
On Sep. 07, 2007, the company authorized the board to issue, offer, and allot upto 255,700 equity shares of Rs 10 each at a price to be calculated in accordance with SEBI guidelines on preferential basis and upto 2,950,000 convertible warrants carrying an option to the holder of such warrants to subscribe to one equity share of Rs 10 for every warrant held after three months from the date of allotment of warrants.
30-JAN-07
The company decided to issue shares on rights and preferential basis. It also decided to cancel the unissued equity share capital to the extent of Rs 100 million and creation of redeemable preference shares in lieu.