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The board of Shivalik Bimetal Controls will meet on Monday, 29 August 2022, to consider issuing bonus shares to the equity shareholders.
Shivalik Bimetal Controls is a process and product engineering specialised business. It manufactures and sells thermostatic bimetal/trimetal strips for switching components used in electrical, electronics, automotive, agricultural, medical, defence, and industrial applications. The company also makes shunt resistors for use in the high growth automotive and industrial equipment segments.
Shivalik Bimetal Controls' consolidated net profit rose 87% to Rs 21.69 crore on 57.6% increase in net sales to Rs 110.78 crore in Q1 June 2022 over Q1 June 2021.
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