Nandani Creation Limited Migrates from NSE Emerge to Main Board of NSE
Textile brand Nandani Creation Limited, popularly known and identified in the apparel retail industry by the brand name JaipurKurti.com, has proudly announced that it has migrated from NSE Emerge to the Main Board of NSE. The fashion giant said that the month of September 2021 ushered in a huge development for Nandani Creation Limited and its investors.
Talking about the major announcement of migration from NSE emerge to the main board of NSE, Nandani Creation Limited informed that the company has received approval from National Stock Exchange of India Limited on 31.08.2021 for migration of 1,0033,950 equity shares from the NSE-SME platform to the main board of National Stock Exchange of India Limited w.e.f. 02.09.2021.
The major development from the company comes weeks after Nandani Creation made a major announcement of changing its symbol on NSE from ‘NANDANI’ to ‘JAIPURKURT’.
Recently, the company reported resilient financial results for FY 2021, where the standalone PAT for FY 2021 has increased by 140 percent to Rs 1.78 crores as against Rs 74 lakh in FY 2020. The sales turnover of the company stood at Rs 46.09 crores in FY 2021 as against Rs 43.73 crores in FY 2020.
Anuj Mundhra, Chairman & Managing Director, Nandani Creation Limited, said, "It is a matter of immense pride and happiness as the migration to NSE’s main Board is a major milestone, especially in midst of coronavirus crisis. It is certainly a proud moment for our company and our stakeholders who have extended their valuable support. The trading on NSE’s main segment would lead to greater visibility for the company and will allow the company to deliver higher value to all the stakeholders. We are in the fashion industry for more than 18 years, and the trusted brand “Jaipurkurti.com” has left no stone unturned to assure their customers and clients by providing the most desirable, classy yet ethnic outfit as per their preferred choices, and will continue to do living up to our commitment of providing the best of the industry."
Commenting on the next phase of expansion, Anuj Mundhra further added, "We will be taking the count of retail stores total to 20-25 by the end of the year 2023 and in this chain, 2 offline stores have already been opened in the past few months. Key cities in the state of Rajasthan have already been finalized for the offline expansion of Nandani Creation Limited. These cities are Kota, Sikar, Jodhpur, Udaipur, Bhilwara, Ganganagar, Neemrana, and Alwar. Moreover, for the Financial Year 2022-23, Nandani Creation Limited will be strongly focusing on big cities like Pune, Gurgaon, Indore, and Delhi as well."