Sanrhea Technical Textiles Boosts Capital: Board Approves 690,000 Share Issue at ₹52 Each

Sanrhea Technical Textiles Ltd announced a significant capital raising initiative on February 13, 2025. The company's board has approved the issuance of 690,000 shares at ₹52 per share, potentially raising ₹35.88 crore. This move comes as Sanrhea's stock has shown impressive performance, with a 67.53% increase over the past 12 months. The company, known for its industrial fabrics manufacturing, has demonstrated strong financials with a 35.9% CAGR profit growth over the last five years. This preferential share issue is expected to fuel Sanrhea's expansion plans and strengthen its market position in the technical textiles sector.

Sources: Business Standard, Economic Times, Screener.in