Reported Earnings • May 30
Full year 2026 earnings released: ₹0.01 loss per share (vs ₹0.63 profit in FY 2025) Full year 2026 results: ₹0.01 loss per share (down from ₹0.63 profit in FY 2025). Revenue: ₹190.4m (up ₹176.2m from FY 2025). Net loss: ₹326.0k (down 102% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 22
Heads UP Ventures Limited to Report Q4, 2026 Results on May 28, 2026 Heads UP Ventures Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹5.77, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 15x in the Specialty Retail industry in India. Total loss to shareholders of 55% over the past three years. New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹159.0m market cap, or US$1.73m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (₹157m revenue, or US$1.7m). Announcement • Feb 10
Heads UP Ventures Limited to Report Q3, 2026 Results on Feb 14, 2026 Heads UP Ventures Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 14, 2026 New Risk • Dec 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (37% accrual ratio). Market cap is less than US$10m (₹200.7m market cap, or US$2.24m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (₹159m revenue, or US$1.8m). Announcement • Nov 08
Heads UP Ventures Limited to Report Q2, 2026 Results on Nov 13, 2025 Heads UP Ventures Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Sep 09
Heads UP Ventures Limited, Annual General Meeting, Sep 30, 2025 Heads UP Ventures Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Announcement • Jul 29
Heads UP Ventures Limited to Report Q1, 2026 Results on Aug 01, 2025 Heads UP Ventures Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Announcement • May 10
Heads UP Ventures Limited to Report Fiscal Year 2025 Results on May 13, 2025 Heads UP Ventures Limited announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Apr 28
Heads UP Ventures Limited has filed a Follow-on Equity Offering. Heads UP Ventures Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 990,000,000
Transaction Features: Regulation S; Rights Offering Announcement • Apr 16
Heads Up Ventures Limited Appoints Shital Mohanlal Baranwal as Company Secretary and Compliance Officer, Effective April 16, 2025 Heads UP Ventures Limited has appointed Ms. Shital Mohanlal Baranwal as a Company secretary, compliance officer and Key Managerial Personnel of the Company at the Board Meeting held on April 16, 2025 with effect from April 16, 2025. Qualification: Company Secretary Professional Programme LLB from Mumbai University, Bachelors in Management Studies from Mumbai University. Ms. Shital Mohanlal Baranwal is an Associate Member of the Institute of Company Secretaries of India, holding Membership No. 71944. She has over 5 years of experience in corporate secretarial functions, including compliance with the Companies Act, SEBI regulations, stock exchange filings, and corporate governance practices. She has handled board and committee meetings, statutory filings, drafting of corporate documents, and liaison with regulatory authorities. Prior to joining Heads Up Ventures Limited, She was gaining exposure in listed company compliance and secretarial audits. Announcement • Mar 21
Heads UP Ventures Limited Announces Resignation of Ronak Pankajbhai Seth as Non-Executive Non-Independent Director Heads UP Ventures Limited announced the resignation of Ronak Pankajbhai Seth as Non-Executive Non-Independent Director with effect from 21 March 2025 due to occupied in his own business. Announcement • Mar 12
Heads UP Ventures Limited (NSEI:HEADSUP) agreed to acquire 51.37% stake in Gyscoal Enterprise Private Limited for INR 20.7 million. Heads UP Ventures Limited (NSEI:HEADSUP) agreed to acquire 51.37% stake in Gyscoal Enterprise Private Limited for INR 20.7 million on March 10, 2025.The consideration consists of 1.68 million common equity of Heads UP Ventures Limited at an issue price of INR 12.37 per share to be issued for common equity of Gyscoal Enterprise Private Limited. As part of consideration, INR 20.74 million is paid towards common equity of Gyscoal Enterprise Private Limited.
For the period ending March 31, 2024, Gyscoal Enterprise Private Limited reported total revenue of INR 237.7 million.
The transaction is subject to approval of offer by acquirer board. The Heads UP Ventures Limited (NSEI:HEADSUP) board approved the acquisition on March 10, 2025. Board Change • Mar 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. MD & Additional Executive Director Hansraj Rathor is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹3.0m revenue, or US$35k). Market cap is less than US$10m (₹244.0m market cap, or US$2.81m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Feb 11
Heads UP Ventures Limited Approves Board Appointments Heads UP Ventures Limited announced through postal ballot, the shareholders approved regularisation of appointment of additional directors of Mr. Abhishek Shivpujan giri, Mr. Kunj Yogeshbhai Patel, Mr. Akash Jitendrakumar Patel and Ms. Amrita Ashutosh Tiwari as an independent directors of the company. Regularisation of appointment of additional director of Mr. Harshkumar Pravinbhai Patel as non-executive director of the company. Announcement • Feb 06
Heads UP Ventures Limited to Report Q3, 2025 Results on Feb 11, 2025 Heads UP Ventures Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹0.12 (vs ₹0.35 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.12 (up from ₹0.35 loss in 2Q 2024). Net income: ₹2.67m (up ₹10.5m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Heads UP Ventures Limited to Report Q2, 2025 Results on Nov 11, 2024 Heads UP Ventures Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Aug 22
Heads UP Ventures Limited, Annual General Meeting, Sep 12, 2024 Heads UP Ventures Limited, Annual General Meeting, Sep 12, 2024, at 14:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.11 loss per share (vs ₹0.39 loss in 1Q 2024) First quarter 2025 results: ₹0.11 loss per share (improved from ₹0.39 loss in 1Q 2024). Net loss: ₹2.32m (loss narrowed 73% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Announcement • Aug 06
Heads UP Ventures Limited to Report Q1, 2025 Results on Aug 13, 2024 Heads UP Ventures Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • Jul 17
Heads Up Ventures Limited Announces the Resignation of Pravin R. Navandar as Non-Executive and Independent Director Heads UP Ventures Limited informed that Mr. Pravin R. Navandar, Non-Executive and Independent Director of the Company, has resigned from the position of Non-Executive and Independent Director w.e.f. 16th July, 2024 due to his increased professional preoccupation. The Board of Directors of the Company deeply appreciates his valuable contribution and support
during his term as a Non-Executive and Independent Director of the Company. Announcement • May 24
Heads Up Ventures Limited Announces Resignation of Priyavrat Purushottam Mandhana as Non-Executive Director Heads UP Ventures Limited informed that Mr. Priyavrat Purushottam Mandhana, Non-Executive Director of the company, has resigned from the position of Non-Executive Director w.e.f. 23rd May, 2024 due to his personal reasons. Announcement • May 16
Heads UP Ventures Limited Announces Resignation of Aishwarya Gupta as Company Secretary and Compliance Officer Heads UP Ventures Limited announced that, Ms. Aishwarya Gupta, has tendered her resignation from the post of Company Secretary and Compliance Officer of the Company with effect from the close of business hours on 15th May, 2024, due to personal reasons. Reported Earnings • May 11
Full year 2024 earnings released: ₹1.96 loss per share (vs ₹4.37 loss in FY 2023) Full year 2024 results: ₹1.96 loss per share (improved from ₹4.37 loss in FY 2023). Net loss: ₹43.2m (loss narrowed 55% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 05
Heads UP Ventures Limited to Report Q4, 2024 Results on May 09, 2024 Heads UP Ventures Limited announced that they will report Q4, 2024 results on May 09, 2024 Announcement • Apr 17
Heads UP Ventures Limited Announces Resignation of Vishal Parikh as Chief Financial Officer, Effective May 15, 2024 Heads UP Ventures Limited announced that Mr. Vishal Parikh, has tendered his resignation from the post of Chief Financial Officer (CFO) of the Company for better professional opportunities and he would be relieved from his services with effect from the close of business hours on 15th May, 2024. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Directors Pravin Navandar was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 24
Insider recently sold ₹2.6m worth of stock On the 20th of February, Manish S. Mandhana sold around 150k shares on-market at roughly ₹17.40 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹6.6m. Insiders have been net sellers, collectively disposing of ₹18m more than they bought in the last 12 months. Board Change • Feb 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Priyavrat Mandhana is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
Third quarter 2024 earnings released: ₹0.33 loss per share (vs ₹0.69 loss in 3Q 2023) Third quarter 2024 results: ₹0.33 loss per share (improved from ₹0.69 loss in 3Q 2023). Net loss: ₹7.23m (loss narrowed 53% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Earnings have declined by 2.5% per year over the past 5 years. Revenue is less than US$1m (₹4.8m revenue, or US$58k). Revenue is less than US$1m (₹4.8m revenue, or US$58k). Market cap is less than US$10m (₹414.0m market cap, or US$4.98m). Market cap is less than US$10m (₹414.0m market cap, or US$4.98m). Minor Risk Significant insider selling over the past 3 months (₹16m sold). Announcement • Jan 23
Heads UP Ventures Limited to Report Q3, 2024 Results on Jan 30, 2024 Heads UP Ventures Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Recent Insider Transactions • Jan 02
Insider recently sold ₹3.0m worth of stock On the 26th of December, Biharilal Mandhana sold around 200k shares on-market at roughly ₹15.27 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹6.1m more than they bought in the last 12 months. Reported Earnings • Nov 07
Second quarter 2024 earnings released: ₹0.35 loss per share (vs ₹0.72 loss in 2Q 2023) Second quarter 2024 results: ₹0.35 loss per share (improved from ₹0.72 loss in 2Q 2023). Net loss: ₹7.79m (loss narrowed 51% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Heads UP Ventures Limited to Report Q2, 2024 Results on Nov 06, 2023 Heads UP Ventures Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Announcement • Aug 28
Heads UP Ventures Limited, Annual General Meeting, Sep 29, 2023 Heads UP Ventures Limited, Annual General Meeting, Sep 29, 2023, at 14:30 Indian Standard Time. Announcement • Aug 23
Heads UP Ventures Limited Announces Resignation of Abhishek Kumar Bariyar as Chief Operating Officer, Effective 31 August, 2023 Heads UP Ventures Limited announced that Mr. Abhishek Kumar Bariyar has tendered his resignation from the post of Chief Operating Officer of the Company with effect from 31 August, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.39 loss per share (vs ₹0.72 loss in 1Q 2023) First quarter 2024 results: ₹0.39 loss per share (improved from ₹0.72 loss in 1Q 2023). Net loss: ₹8.57m (loss narrowed 46% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Heads Up Ventures Limited Appoints Roshan More as Additional Director (Non Executive and Non Independent Director) Heads UP Ventures Limited at its board meeting held on August 11, 2023 appointed Mr. Roshan More as an Additional Director (Non Executive and Non Independent Director) w.e.f. allotment of his DIN, to hold office upto the conclusion of upcoming Annual General Meeting of the Company. Mr. Roshan Ravindra More is a Practicing Chartered Accountant and Company Secretary. He is also a graduate from commerce and was student of M. L. Dahanukar College of commerce. He has extensive experience of more than 11 years across various sectors in Audit, Taxation, ROC matters and Finance. He is serving Consultancy Services to various bodies corporate, firms and Individuals. Announcement • Aug 04
Heads UP Ventures Limited to Report Q1, 2024 Results on Aug 11, 2023 Heads UP Ventures Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jun 01
Heads Up Ventures Limited Announces Resignation of Mr. Mullapudi Venkata Pattabhi Hanumantha Rao, Non-Executive Independent Director, Effective from Close of Business Hours on May 31, 2023 Heads UP Ventures Limited announced resignation of Mr. Mullapudi Venkata Pattabhi Hanumantha Rao (DIN: 08912400), Non-Executive Independent Director of the Company, effective from close of business hours on May 31, 2023. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Independent Director Vipinraj Paiyapilly was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 11
Heads UP Ventures Limited Announces Board Appointments Heads UP Ventures Limited at its board meeting held on February 9, 2023, approved the appointment of Mr. Vipinraj Jayadevan Paiyapilly and Mr. Abhijit Suresh Salian as Additional Directors at the designation of Non-Executive and Independent Directors of the company for a term of 5 years commencing from 9 February, 2023 subject to approval of the Shareholders. Announcement • Feb 02
Heads UP Ventures Limited to Report Q3, 2023 Results on Feb 09, 2023 Heads UP Ventures Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Announcement • Nov 29
Heads Up Ventures Limited Announces Resignation of N. Venkateshwar Rao as Non-Executive and Independent Director Heads UP Ventures Limited informed that Mr. N. Venkateshwar Rao, Non-Executive and Independent Directors of the Company, has submitted his resignation effective from close of business hours on 28th November, 2022. Announcement • Nov 02
Heads UP Ventures Limited to Report Q2, 2023 Results on Nov 09, 2022 Heads UP Ventures Limited announced that they will report Q2, 2023 results on Nov 09, 2022 Announcement • Aug 04
Heads UP Ventures Limited, Annual General Meeting, Sep 15, 2022 Heads UP Ventures Limited, Annual General Meeting, Sep 15, 2022, at 14:30 Indian Standard Time. Announcement • Jul 20
Heads UP Ventures Limited to Report Q1, 2023 Results on Aug 03, 2022 Heads UP Ventures Limited announced that they will report Q1, 2023 results on Aug 03, 2022 Reported Earnings • May 28
Full year 2022 earnings released: ₹2.43 loss per share (vs ₹1.26 loss in FY 2021) Full year 2022 results: ₹2.43 loss per share (down from ₹1.26 loss in FY 2021). Net loss: ₹53.6m (loss widened 92% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Apr 03
The Mandhana Retail Ventures Limited Announces Resignation of Virendra Varma as Company Secretary and Compliance Officer, Effective from May 30, 2022 The Mandhana Retail Ventures Limited announced that Mr. Virendra Varma has tendered his resignation from the post of Company Secretary & Compliance Officer of the Company for better prospects and he would be relieved from his services with effective May 30, 2022. Buying Opportunity • Feb 08
Now 25% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ₹26.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 89% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Feb 05
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.65 loss per share (down from ₹0.41 loss in 3Q 2021). Net loss: ₹14.3m (loss widened 59% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Oct 30
Second quarter 2022 earnings released: ₹0.63 loss per share (vs ₹0.11 profit in 2Q 2021) Second quarter 2022 results: Net loss: ₹13.9m (down ₹16.3m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 09
New 90-day high: ₹12.66 The company is up 5.0% from its price of ₹12.04 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 31% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: ₹0.41 loss per share (vs ₹0.45 profit in 3Q 2020) Third quarter 2021 results: Revenue: -₹371.0k (down 100% from 3Q 2020). Net loss: ₹8.98m (down 190% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Executive Departure • Feb 09
Chief Financial Officer has left the company On the 6th of February, Pankaj Gharat's tenure as Chief Financial Officer ended after 1.6 years in the role. We don't have any record of a personal shareholding under Pankaj's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 02
The Mandhana Retail Ventures Limited to Report Q3, 2021 Results on Feb 09, 2021 The Mandhana Retail Ventures Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Announcement • Jan 20
the Mandhana Retail Ventures Limited Announces Resignation of Pankaj Gharat from the Post of Chief Financial Officer of the Company, Effective 6 February, 2021 The Mandhana Retail Ventures Limited announced that Mr. Pankaj Gharat tendered his resignation from the post of Chief Financial Officer of the company for better prospects and he will be relieved from his services
with effect from the close of business hours on 6 February, 2021. Announcement • Nov 10
The Mandhana Retail Ventures Limited, Annual General Meeting, Nov 28, 2020 The Mandhana Retail Ventures Limited, Annual General Meeting, Nov 28, 2020, at 11:30 Indian Standard Time. Is New 90 Day High Low • Nov 07
New 90-day low: ₹8.25 The company is down 15% from its price of ₹9.73 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 12% over the same period. Reported Earnings • Nov 07
First quarter 2021 earnings released: ₹0.31 loss per share The company reported a poor first quarter result with weaker earnings, revenues and control over expenses. First quarter 2021 results: Revenue: ₹17.2m (down 96% from 1Q 2020). Net loss: ₹6.80m (down 301% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 136% per year but the company’s share price has only fallen by 61% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
The Mandhana Retail Ventures Limited to Report Q1, 2021 Results on Nov 06, 2020 The Mandhana Retail Ventures Limited announced that they will report Q1, 2021 results on Nov 06, 2020 Reported Earnings • Sep 20
Full year earnings released - ₹14.06 loss per share Over the last 12 months the company has reported total losses of ₹310.5m, with losses widening by ₹304.6m from the prior year. Total revenue was ₹1.61b over the last 12 months, down 27% from the prior year. Announcement • Sep 18
The Mandhana Retail Ventures Limited to Report Q4, 2020 Results on Sep 18, 2020 The Mandhana Retail Ventures Limited announced that they will report Q4, 2020 results on Sep 18, 2020 
