Signpost India Consolidated Half Year PAT zooms to Rs 16.84 crore

MUMBAI, 10th NOVEMBER, 2023: Signpost India Limited has posted excellent results for the half year ended 30th September 2023.

On a standalone basis, the company posted a Total income of Rs 182.47 crore and Profit before Tax of Rs 21.56 crore. The standalone Profit after Tax for the six months period ended 30th September 2023 stood at Rs 16.74 crore.

On a consolidated basis, the company posted a Total income of Rs 182.89 crore and Profit before Tax of Rs 21.72 crore. The consolidated Profit after Tax for the six months period ended 30th September 2023 stood at Rs 16.84 crore.

The financial results have been prepared giving effect of the Scheme of Arrangement with Pressman Advertising Ltd.

Post the orders received from the Hon’ble National Company Law Tribunal (NCLT) benches at Mumbai and Kolkata, the Company has proceeded with the various steps required for a seamless merger. Signpost India equity shares have been allotted to the shareholders of Pressman Advertising Ltd. and application has been made to the stock exchanges for listing of Signpost India Ltd equity shares and the same is under process