Sattva Sukun Lifecare Limited, a manufacturer of premium aroma and home décor products, has received in-principle approval from the Bombay Stock Exchange (BSE) for its proposed rights issue worth ₹49.50 crore. The company plans to utilize the proceeds to bolster working capital, expand operations, and invest in both existing and potential subsidiaries.
Managing Director Mit Brahmbhatt termed the BSE nod a “milestone” in the company’s growth strategy. “With strong demand for our premium aroma products and a 65% rise in revenue and 126% surge in net profit over the nine months ended December 2024, this rights issue will help scale our operations and drive innovation,” he stated.
Sattva Sukun’s financial performance has remained robust with Q3 FY24-25 showing a 29% revenue jump and 84% rise in net profit. The board has also greenlit ₹3,500 lakh for subsidiary investments and ₹500 lakh for business expansion. In Kolkata, known for its affinity towards traditional and aesthetic home decor, Sattva Sukun’s offerings like aroma diffusers and Dhoop burners are expected to find a strong customer base. The company’s online retail network, including Amazon and Flipkart, further supports its reach in eastern India.