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Lytus Technologies Holdings PTV. Ltd. Announces 1-for-2,500 Reverse Stock Split
Globenewswire· 2025-09-25 22:09
Core Viewpoint - Lytus Technologies Holdings PTV. Ltd. plans to implement a reverse stock split at a ratio of 1-for-2,500 to increase the market price of its common shares and meet NYSE American listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 26, 2025, and trading will commence on a split-adjusted basis under the existing symbol "LYTHF" [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the next whole number [4]. Group 2: Company Background - Lytus Technologies is a platform services company primarily operating in India, focusing on linear content streaming, telemedicine, and fintech [5]. - The company aims to consolidate its subscriber base for future technology services while enhancing its technology platform for improved service delivery [5].
Lytus Technologies Holdings PTV. Ltd. Announces 1-for-2,500 Reverse Stock Split
Globenewswire· 2025-09-25 22:09
Core Viewpoint - Lytus Technologies Holdings PTV. Ltd. plans to implement a reverse stock split at a ratio of 1-for-2,500 to increase the market price of its common shares and meet NYSE American listing requirements [1][3]. Company Announcement - The reverse stock split will take effect on September 26, 2025, and trading will commence on a split-adjusted basis under the existing symbol "LYTHF" [2]. - The new CUSIP number for the common shares post-split will be G5851A141 [2]. Purpose of the Reverse Stock Split - The primary goal of the reverse stock split is to enhance the market price of the shares, which is essential for the company to pursue uplisting to a national securities exchange [3]. Shareholder Information - VStock Transfer LLC will act as the transfer agent and will provide instructions to shareholders regarding the exchange of shares [3]. - Shareholders holding shares in book-entry form or brokerage accounts will not need to take any action for the exchange [3]. Fractional Shares - No fractional common shares will be issued; any resulting fractional shares will be rounded up to the next whole number [4]. Company Overview - Lytus Technologies Holdings PTV. Ltd. operates primarily in India, focusing on platform services, including linear content streaming and technology product development in telemedicine and fintech [5]. - The company aims to consolidate its subscriber base for future technology services while enhancing its technology platform for improved service delivery [5]. - Lytus is involved in various sectors, including digital streaming, HealthTech, fintech, AI, and cybersecurity, and operates in both domestic and international markets [5].
Lytus Technologies announces 24% Revenue Growth for H1 FY2025
Globenewswire· 2025-03-17 13:40
Core Insights - Lytus Technologies Holdings PTV. Ltd. reported significant revenue growth and improved profitability for the six months ended September 30, 2024, with a focus on innovation and operational efficiency [1][3] Financial Performance - Revenue for the six-month period reached $12.01 million, marking a 24% increase from $9.66 million in the same period of the previous year [5] - The company achieved a net profit of $648,972, reflecting a profit margin of 5.40%, which is a 151% increase compared to a net loss of $1,281,940 in the prior year [5] - Positive operating cash flow was generated amounting to $182,070 [5] Asset and Liability Management - Total assets increased to $34.17 million, an 8.3% rise from $31.56 million in the previous year [5] - Total liabilities decreased to $15.24 million, down 2.2% from $15.58 million in the same period last year [5] Strategic Initiatives - The company is expanding into broadband services, particularly in Telangana and Andhra Pradesh, which is expected to enhance revenue further [3] - Lytus Technologies has a captive base of 4 million subscribers and is focused on launching new value-added services to meet consumer and business demands [3][4]