Prominent Solar and Water Pump Manufacturer Takes a Significant Step towards Expansion and Investor Attraction
Latteys Industries Limited (Latteys), homegrown manufacturer of Solar Pumps & Water Pumps products, has successfully migrated to the Main Board of the National Stock Exchange (NSE).
This milestone marks a significant achievement for the company, propelling it to the next stage of its growth trajectory.
Previously, Latteys was listed on the NSE Emerge platform on June 5th, 2018. As part of its growth strategy, the company offered a bonus of 3:2 to its shareholders in October 2022.
During the announcement, Kapoor Chand Garg, the Managing Director and Chairman of Latteys Industries Limited, expressed his enthusiasm, stating, “Completing the migration to the main board of NSE from NSE Emerge Platform is a major milestone for us. This migration will boost the company’s growth by attracting more investors and increasing market liquidity. It will also provide the necessary growth capital for our future business expansion. We aspire to establish ourselves as a highly reputable and reliable brand in both the Submersible Pump and LED segments.”
Founded in 2004 and headquartered in Ahmedabad, Gujarat, Latteys Industries Limited is an ISO 9001:2015 certified company.
It specializes in the production of energy-efficient submersible pumps, catering to various sectors such as agriculture, industry, domestic, and horticulture across India.
The company’s extensive product portfolio includes Submersible, Self-Priming, Centrifugal Monoblock, Shallow-well, and Horizontal Open well Submersible Pump sets.
With over 1500 pump models in its repertoire, Latteys continues to be a leading player in the market.
The successful migration to the Main Board of the NSE signifies a new chapter for Latteys Industries Limited, opening up avenues for growth, investor participation, and enhanced market presence.
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