In Q2fy25 results they have declared in Balance sheet 25 crores under loans and advances. Anyone has idea of what this is about? Thanks in advance.
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Till 2024 it is shown under Other LT assets which are nothing but Fixed deposits as per their Annual report schedule 8. This Other LT assets value has moved to LT loans & advances. No BS available the previous quarter.
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Fluidomat investing Rs. 2 Cr in S-Ancial Technologies Private Limited, which is non-promoter entity (As per annoucement). To Develop significant business expansion and
revenue growth opportunities using AI Tools. No other details provided.
It’s like company is investing 2 cr in some unrelated company without getting any share holding etc.?
Disc: No investment
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Came up on a Screener query and was interested what the company is into.
Fluidomat (FMT)
Read the thread from Post 1 above. Impressive pedigree to execution and if anyone had invested and held on, the original sum would have bagged a lot of compounding.
On this investment into S-Ancial Technologies (SAT):
[All points are facts - any assumption or deduction will be stated explicitly and can be wrong]
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SAT seems to describe itself as kind of website maintenance technology and multimedia creation company on Zauba Corp - under header ‘Activity’
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FMT says in its note to exchanges, this investment is to leverage AI tools or capability for sales - business growth
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Searching for S-Ancial on Screener.in provides a few hits, where a certain Ms Hazel Rathod from SAT is on certain concall scripts as Moderator/Facilitator.
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Nyssa Corporation - a listed company - in its ‘About’ page on Screener had invested in SAT. Nyssa price history needs to be viewed. Nyssa classified itself as Real Estate dealings related entity. Shareholders classification needs to be viewed.
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After announcement by FMT on Aug 14, on Aug 19 - there was voluminous selloff on FMT. The price has been gradually falling since.
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Directors of SAT seem to be on many companies as past (or current) directors. Zaubacorp - open information. Needs to be viewed and understood what are the relationships.
Deduction left to reader.
Not invested. But am interested and intrigued by the technology capability FMT has broken through which was held by (only) Voith - the German giant. May or may not invest in future.
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