Niks Technology
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Niks Technology’s board approved the proposed acquisition of 100% of Dev Satya Infra Private Limited, a real-estate developer, for up to ₹34.998 crore through a share swap involving 25.734 lakh shares. It also approved preferential issues of 40.002 lakh equity shares for up to ₹54.403 crore and 18.378 lakh convertible warrants for up to ₹24.994 crore, along with changes to its business objects and authorised capital, subject to the approvals specified in the notice.
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Niks Technology’s board approved the proposed acquisition of 100% of Dev Satya Infra Private Limited, a real-estate developer, for up to ₹34.998 crore through a share swap involving 25.734 lakh shares. It also approved preferential issues of 40.002 lakh equity shares for up to ₹54.403 crore and 18.378 lakh convertible warrants for up to ₹24.994 crore, along with changes to its business objects and authorised capital, subject to the approvals specified in the notice.
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Niks Technology scheduled a board meeting for September 4, 2026, to consider a proposal to raise funds through equity shares, warrants convertible into equity shares or other securities. The company also planned to seek shareholder approval if the board proceeded with the proposal.
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Niks Technology scheduled a board meeting for September 4, 2026, to consider a proposal to raise funds through equity shares, warrants convertible into equity shares or other securities. The company also planned to seek shareholder approval if the board proceeded with the proposal.
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July 24 (Reuters) - NIKS Technology Ltd NIKS.BO:
TO CONSIDER FUND RAISING THROUGH VARIOUS MEANS
Source text for Eikon: ID:nBSE7gxn2j
Further company coverage: NIKS.BO
(([email protected];;))
July 24 (Reuters) - NIKS Technology Ltd NIKS.BO:
TO CONSIDER FUND RAISING THROUGH VARIOUS MEANS
Source text for Eikon: ID:nBSE7gxn2j
Further company coverage: NIKS.BO
(([email protected];;))
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What does Niks Technology do?
Niks Technology Limited offers a diversified product portfolio focusing on IT services and educational courses. They prioritize quality to satisfy customers, ensuring growth in their target markets.
Who are the competitors of Niks Technology?
Niks Technology major competitors are Infronics Systems, Otco International, Groarc Industries, Tridhya Tech, Response Informatics, COSYN, Hit Kit Global Sol. Market Cap of Niks Technology is ₹15 Crs. While the median market cap of its peers are ₹16 Crs.
Is Niks Technology financially stable compared to its competitors?
Niks Technology seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Niks Technology pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Niks Technology latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Niks Technology allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances
How strong is Niks Technology balance sheet?
Balance sheet of Niks Technology is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Niks Technology improving?
The profit is oscillating. The profit of Niks Technology is ₹0.45 Crs for Mar 2025, ₹0.45 Crs for Mar 2024 and ₹0.26 Crs for Mar 2023
Is the debt of Niks Technology increasing or decreasing?
Yes, The net debt of Niks Technology is increasing. Latest net debt of Niks Technology is -₹2.65 Crs as of Mar-26. This is greater than Mar-25 when it was -₹2.82 Crs.
Is Niks Technology stock expensive?
Niks Technology is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Niks Technology is 74.63, while 3 year average PE is 53.94. Also latest EV/EBITDA of Niks Technology is 0 while 3yr average is 19.08.
Has the share price of Niks Technology grown faster than its competition?
Niks Technology has given lower returns compared to its competitors. Niks Technology has grown at ~-63.95% over the last 3yrs while peers have grown at a median rate of -9.05%
Is the promoter bullish about Niks Technology?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Niks Technology is 46.22% and last quarter promoter holding is 51.36%
Are mutual funds buying/selling Niks Technology?
There is Insufficient data to gauge this.