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Quintegra Solutions Limited ( (IN:QUINTEGRA) ) has issued an announcement.
Quintegra Solutions Limited has announced a proposal to reduce its issued, subscribed, and paid-up equity share capital as part of a strategic move to clean up its financial statements and attract new investors. The company aims to adjust its negative retained earnings against its reserves, a step seen as essential for reviving operations in the rapidly growing IT market.
More about Quintegra Solutions Limited
Quintegra Solutions Limited, established in 1994, is a consulting company specializing in custom software development, application management, and technology consulting. The company has made significant acquisitions in the past, including Iadelite Tech in Singapore and Valley US Inc. and PA Corporation in the USA. However, it faced financial difficulties due to the global financial crisis in 2008, leading to substantial business losses and bad debts.
Average Trading Volume: 12,171
Technical Sentiment Signal: Strong Buy
Current Market Cap: 49.87M INR
Find detailed analytics on QUINTEGRA stock on TipRanks’ Stock Analysis page.