NSE BSE Stock Updates - Business Announcements, a deep analysis

30th June 2024 Updates from: Share price, Stock financial, operational and more corporate announcements.


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Ventura Guaranty Limited has announced the approval of a Scheme of Amalgamation for the merger by absorption of Kashmira Investment and Leasing Private Limited (KILPL) with Ventura Guaranty Limited (VGL). The merger, approved on June 29, 2024, is subject to statutory and regulatory approvals, including those from the National Company Law Tribunal (NCLT) and BSE Limited.

The transaction involves issuing 84 fully paid-up equity shares of VGL for every 100 fully paid-up equity shares of KILPL**. Post-merger, VGL's promoter shareholding will increase from 69.2% to 70.9%, enhancing operational synergies and reducing administrative functions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bc9f6ecd-e7b8-4e01-9e06-e5f5dc4c63e8.pdf

Shree Ganesh Remedies Ltd has been fined Rs. 11,800 (including GST of Rs. 1,800) by BSE Limited for a delay in conducting a board meeting, which resulted in the late submission of financial results under Regulation 33 of the SEBI Listing Regulations. The fine was communicated via email on June 28, 2024, and received at 06:59 PM. The company has acknowledged this penalty and stated that the impact on its financial, operational, or other activities is negligible, limited only to the penalty amount. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e0e99d0-191d-461f-a36a-0121e02ccfb0.pdf

SURYA ROSHNI LIMITED has secured a significant order worth ₹**53 crore** (including GST) from the Odisha Urban Infrastructure Development Fund (OUIDF) for the installation of LED public street lighting in 16 Urban Local Bodies (ULBs) across Odisha. The project involves retrofitting stretches in districts such as Balasore, Jajpur, Keonjhar, and Mayurbhanj. The contract is expected to be completed within three months from the date of the Supplemental Letter of Award. This contract is purely domestic, with no involvement of the promoter group in the awarding entity. It does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6d812cd5-11c3-4b2d-8d37-16ad4b02408a.pdf

NTPC Limited has announced the approval for raising funds through the issuance of non-convertible debentures (NCDs) up to Rs. 12,000 Crore. This decision was made during the Board of Directors meeting held on 29th June 2024.

The NCDs will be issued in one or more tranches/series, not exceeding twelve, through private placement in the domestic market.

The issuance period will commence from the date of passing the special resolution and will continue until the completion of one year or the next Annual General Meeting in the financial year 2025-26, whichever is earlier.

The specifics such as size, tenure, listing details, coupon, and security will be determined at the time of each tranche/series issuance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/324952cb-8d2a-431a-800c-b6a55c621320.pdf

Cantabil Retail India Ltd. has announced the opening of four new showrooms/shops across various locations in India during June 2024. This expansion brings the total number of showrooms/shops to 545. The company has submitted this information under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. This development signifies Cantabil Retail India Ltd.'s ongoing growth and increased market presence. https://www.bseindia.com/xml-data/corpfiling/AttachLive/87089e21-f67c-4598-b84e-dca013171ce5.pdf

Supreme Industries Ltd. reported robust financial performance for the fiscal year 2023-24, achieving net revenues of ₹10,252 crores, a 10.4% increase from the previous year. The company sold 6,39,701 tons of plastic products, reflecting a 26% growth in product turnover by volume. Net profit after tax provisions stood at ₹1,009 crores, up from ₹762 crores in the previous year. The Board proposed a final dividend of ₹22 per equity share, bringing the total dividend to ₹30 per share for the year. The company plans significant investments in brownfield and greenfield expansions. These include new manufacturing units in Andhra Pradesh, Bihar, and Malanpur**, to meet the growing demand for plastic piping systems and other products. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c52b1965-f829-42bb-b72b-74ef1dcdb81c.pdf

Tanvi Foods (India) Ltd has undergone a significant corporate restructuring. Sebast centre> The National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation of TCPL Innofilms Private Limited with TCPL Packaging Limited on June 25, 2024. The order was received on June 28, 2024. This merger, effective from April 1, 2023, consolidates the business operations, streamlines the group structure, and optimizes legal and regulatory compliances. The entire share capital of the Transferor Company, being a wholly-owned subsidiary, is held by the Transferee Company, resulting in no new shares being issued. The merger aims to achieve cost savings, greater financial strength, and improved operational efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9bab0382-ec39-41dd-ba57-2c955de0c1ff.pdf

Fairchem Organics Ltd, a leading Indian manufacturer of Oleo Chemicals and Nutraceuticals, boasts a 28-year legacy. The company's state-of-the-art manufacturing unit is situated in Sanand, Ahmedabad. This modern facility has a raw material throughput capacity of 120,000 MTPA as of Q1 FY23. Key product offerings from Fairchem Organics include Dimer Acid, Linoleic Acid, Palmitic Acid, Monomer Acid, Isostearic Acid, Mixed Tocopherols, and Sterol concentrate.

In terms of financial performance, Fairchem Organics reported a revenue of INR 6,215 million for FY24. The company also achieved an EBITDA of INR 670 million and a PAT of INR 405 million during the same period. The company has cultivated strong customer relationships with high-profile companies such as Asian Paints and Cargill. Fairchem Organics exports its products to the USA, Europe, and South America. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6c932ffe-004d-4148-b288-27dff67df50c.pdf

Wardwizard Foods and Beverages Ltd is a leading food business based in Por, Vadodara, Gujarat, specializing in high-quality frozen foods, ready-to-eat meals, beverages, spices, and condiments under flagship brands like QuikShef and Snack Buddy. The company has a robust production capacity, with 1,277 tonnes per year for frozen and ready-to-eat segments and 7,000 tonnes per year for sauces and mayonnaise.

Their strategic acquisitions of Yeppy Foods and Safpro Industries Pvt Ltd have expanded their market reach. Financially, the company reported total revenues of ₹167.11 million for FY24, with a net profit of -₹321.32 million.

Their growth strategy includes product expansion, strengthening distribution networks, and increasing brand awareness through marketing campaigns and strategic partnerships. https://www.bseindia.com/xml-data/corpfiling/AttachLive/baad0d45-35db-4a9d-87e7-d246dd205901.pdf

Ventura Guaranty Limited has announced the approval of a Scheme of Amalgamation for the merger by absorption of Kashmira Investment and Leasing Private Limited (KILPL) with Ventura Guaranty Limited (VGL). The merger is subject to statutory and regulatory approvals, including those from the National Company Law Tribunal (NCLT) and BSE Limited.

The transaction involves issuing 84 fully paid-up equity shares of VGL for every 100 fully paid-up equity shares of KILPL. Post-merger, the promoter's shareholding in VGL will increase from 69.2% to 70.9%, enhancing operational synergies and reducing administrative functions.

The merger is subject to statutory and regulatory approvals. The approvals include those from the National Company Law Tribunal (NCLT) and BSE Limited.

The transaction involves the issuance of 84 fully paid-up equity shares of VGL for every 100 fully paid-up equity shares of KILPL.

Post-merger, the promoter's shareholding in VGL will increase from 69.2% to 70.9%.

The merger is expected to enhance operational synergies and reduce administrative functions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe08387f-5515-4fc3-9755-f252bf6f77a4.pdf

White Organic Retail Limited announces a change in its Corporate Identification Number (CIN) from L39000MH2011PLC225123 to L46510MH2011PLC225123, effective June 29, 2024. This change follows the alteration of the company's main objects, as confirmed by a special resolution and certified by the Registrar of Companies, Mumbai. White Organic Retail Limited communicated this update to BSE Limited on June 29, 2024[NO_PRINTED_FORM]. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bffc0804-d118-40e9-8900-c135de4008ce.pdf

IDFC First Bank Ltd has made significant advancements in its financial and operational capabilities. As of June 29, 2024, the bank has developed cutting-edge technology for manufacturing Single Crystal and Directionally Solidified castings, making it the first in India to achieve this milestone. This technology, crucial for high-temperature applications in aerospace and industrial gas turbines, enhances the bank's strategic position in the market.

The new manufacturing facility in Lucknow is part of a multi-million-dollar investment. This facility will produce advanced metallurgical components, positioning IDFC First Bank Ltd among the few global leaders in this specialized field. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1e3f814-f3aa-452f-9df5-3252c1a07921.pdf

Murae Organisor Ltd (formerly known as Earum Pharmaceuticals Limited) has received the second tranche of consideration for the allotment of convertible warrants. The warrants were issued at ₹**2.20** each, including a premium of ₹**0.20**, to non-promoter entities on a preferential basis.

Key allottees include:
- Satvat Agro LLP with ₹**3.15 crores**
- Banke Tradelink Private Limited with ₹**3 crores**
- Mithlesh Consultancy LLP with ₹**3 crores**

**Total consideration** received in the second tranche is ₹**26.75 crores**, following the first tranche of ₹**24.75 crores**.

https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f25db3e-8ef2-4af2-8580-0d53b87595b2.pdf

Purple Finance Limited has scheduled a Finance Committee meeting on Wednesday, 03rd July, 2024, at 11:30 a.m. to discuss raising funds through various methods such as equity shares, debentures, or other securities. The meeting will be held at the company's Corporate Office. The trading window for insiders and other relevant persons is closed and will remain so until 48 hours after the financial results for the quarter ending 30th June, 2024, are declared. This meeting is in compliance with Regulation 29 of the SEBI (LODR) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/68acb94c-ce53-40c7-9597-80d7b9300c1f.pdf

Innovatus Entertainment Networks Ltd recently conducted an e-voting process through a postal ballot to seek approval for issuing and allotting equity shares on a preferential basis. The e-voting commenced on May 31, 2024, and concluded on June 29, 2024. The scrutinizer, Ms. Manisha Maheshwari, confirmed that the special resolution was approved by the requisite majority. A total of 10,501 members voted in favor, casting 3,92,85,40,851 votes (99.76%). While 1,007 members voted against, casting 95,62,321 votes (0.24%). The results are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9343e83-8ed9-40db-94b0-edd58845b6a4.pdf

BCPL Railway Infrastructure Ltd has secured a significant order worth Rs. 349.47 million from K-Ride (Rail Infrastructure Development Company (Karnataka) Limited) for the design, supply, erection, testing, and commissioning of 25kV AC, 50Hz, single-phase traction overhead equipment. This project spans approximately 35.5 TKM across various sections in the Bangalore division of South Western Railway and is expected to be completed within 15 months.

The company, with a robust track record of nearly three decades, continues to serve key clients including various zones of the Indian Railways and major public and private sector undertakings. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e3e5cc8-5322-4ee4-b839-af8ea0868fbb.pdf

Tanvi Foods (India) Limited has received approval from the USFDA under the Federal Food, Drug, and Cosmetic Act for its new manufacturing unit at Seetharampuram, Andhra Pradesh. This approval, valid until December 31, 2024, allows the company to export its ready-to-cook, frozen snacks, and other food items under its own brand name, enhancing margins and credibility. Previously, the company's products were sold mainly in Australia, Canada, and the United States under private label arrangements. The new approval will facilitate exports to additional markets, including the United Kingdom, Middle East, and African countries. https://www.bseindia.com/xml-data/corpfiling/AttachLive/be9fba3c-ae77-4ad6-823e-4f8f373bb42c.pdf

Poly Medicure Ltd. held a Board meeting on June 29, 2024, where they approved raising funds up to INR 1,000 Crore through a Qualified Institutional Placement (QIP). The company will seek shareholder approval via postal ballot, with the cut-off date set for June 28, 2024. Mr. P.K. Mishra has been appointed as the scrutinizer for the postal ballot voting process. The meeting commenced at 11:00 am and concluded at 11:30 am. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e63dadf4-c31c-40f3-8e5b-08fec7ba02b1.pdf

Poly Medicure Ltd. has announced the approval for raising funds up to INR 1,000 Crore through the issuance of new equity shares via Qualified Institutional Placement (QIP). The decision was made during the Board of Directors meeting held on June 29, 2024. The company will seek shareholders' approval through a postal ballot, with the cut-off date set for June 28, 2024. Mr. P.K. Mishra of M/s. P.K. Mishra & Associates has been appointed as the scrutinizer for the postal ballot voting process. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7fc5b681-b9b3-4c95-a7fb-32aca67d71ee.pdf

Axita Cotton Limited has announced the acquisition of 5,500 equity shares of KPR Sports and Media Private Limited, representing a 55% stake, for a total consideration of ₹ fifty-five,Thousand. This strategic move aims to diversify Axita Cotton's business portfolio by venturing into the sports and media sector. The acquisition is expected to be completed by June 29, 2024.

KPR Sports, incorporated on April 16, 2024, has an authorized share capital of ₹ five-lakh-sixty-thousand and a paid-up share capital of ₹ one-lakh-sixty-thousand. The transaction is conducted at arm's length and complies with all relevant regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b0dc5c5-c16a-4478-b8b0-0bbad5a9f908.pdf

Bajaj Electricals Limited has voluntarily withdrawn the CRISIL A1+ rating assigned to its Rs 100 crore Short Term Debt Programme. This decision was made as there is no outstanding amount against the instrument, making the rating unnecessary. The withdrawal was communicated by CRISIL in a letter dated June 29, 2024. This action complies with Regulation 30 of the SEBI Listing Regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9145a0c4-70ec-473d-af53-31531ad7407f.pdf

Bajaj Electricals Ltd. has reaffirmed its credit ratings for its bank loan facilities totaling Rs. 2,000 crores. The long-term rating is CRISIL AA-/Stable, and the short-term rating is CRISIL A1+. The ratings are under continuous surveillance and review by CRISIL Ratings, Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001.

The detailed bank-wise ratings include facilities from YES Bank, Axis Bank, State Bank of India, HDFC Bank, Union Bank of India, and others, Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001. https://www.bseindia.com/xml-data/corpfiling/AttachLive/205fabfb-6fba-42f1-8661-1554f4f19989.pdf

RBZ Jewellers Ltd has received a reaffirmation of its credit rating from CRISIL as "CRISIL BBB/Positive/CRISIL A3" on June 29, 2024. The total bank loan facilities rated have been enhanced from Rs. 70 Crore to Rs. 150 Crore. The long-term rating of RBZ Jewellers Ltd remains at "CRISIL BBB/Positive", while the short-term rating is reaffirmed at "CRISIL A3+". This information is crucial for stakeholders and investors to assess the company's creditworthiness and financial stability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3356bfac-bc79-4d95-b615-516eb7d11f1b.pdf

Talbros Engineering Ltd had its credit ratings reaffirmed by CARE Ratings Limited. The company's long-term bank facilities are rated CARE A-; Stable, and its short-term bank facilities are rated CARE A2+. Despite a slight moderation in FY24, with total operating income dropping to ₹410.64 crore from ₹446.69 crore in FY23, Talbros Engineering maintains a healthy scale of operations. The financial risk profile remains comfortable with an overall gearing of 0.59x and an interest coverage ratio of 4.54x as of March 31, 2024. The company benefits from a diversified auto-component segment and a reputed customer base, including major OEMs like Mahindra & Mahindra and Ashok Leyland. However, it faces challenges such as susceptibility to raw material price volatility and working capital-intensive operations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c3f8f185-407b-479a-817a-4268df4fc3b2.pdf

Balkrishna Industries Ltd. has received a reaffirmation of its credit rating for Non-Convertible Debentures (NCDs) from CARE Ratings Limited. The rating is "CARE AA; Positive" for an amount reduced from ₹500 Crores to ₹325 Crores following a partial redemption of ₹175 Crores on April 26, 2024.

The NCDs are repayable by April 25, 2025. The rating reflects the company's operational and financial performance for FY24.

**B-66, Waluj MIDC** is the location for Balkrishna Industries Ltd. in Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra, India. Specifically, it is located at B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar-431 136, Maharashtra, India. However, it is unclear if there is a specific date associated with this information. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8a0fa5e-216f-4ed7-b824-3433f31e29fa.pdf

Electrosteel Castings Ltd. has received updated ratings from CRISIL Ratings Limited as of June 28, 2024. The company's total bank loan facilities, amounting to ₹4400 Crore, have been rated with a long-term rating of CRISIL AA-/POSITIVE, reflecting an outlook revision from 'Stable' and reaffirmation of the rating. Additionally, the short-term rating has been reaffirmed at CRISIL A1+. This update is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1a3674f-3935-4315-8e3a-02bbcd56e2e7.pdf

Info Edge has announced an update regarding the divestment of its 34.93% stake in Wishbook Infoservices Private Limited through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). The agreement for the sale/disposal, initially approved by the Board of Directors on May 16, 2024, is still in the process of execution. The completion of this transaction is now expected by the end of July 2024. There are no changes in the previously communicated information except for the updated expected completion date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/22554f96-0bac-4972-b5f2-ecf75c7a3ea6.pdf

Craftsman Automation Ltd has completed the acquisition of the remaining 24% equity stake in DR Axion India Private Limited (DRAIPL), making it a wholly-owned subsidiary effective from July 1, 2024.

**DRAIPL**, incorporated in December 2006, specializes in manufacturing aluminum cylinder heads and blocks for passenger vehicles. It operates a single manufacturing facility in Chennai.

The acquisition is valued at ₹250 crores and aims to enhance Craftsman's presence in the passenger vehicle segment, leverage process synergies, and access DRAIPL's customer base.

In the last three fiscal years, DRAIPL reported a turnover of ₹1,24,615 lakhs, reflecting significant growth.

The deal is expected to provide several benefits to Craftsman Automation Ltd, including increased market share and operational efficiencies, making it a strategic move in the automotive industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/13c9a4f9-c133-4946-b949-ccf988cb4d6f.pdf

Ambalal Sarabhai Enterprises Ltd. announces the resignation of Chief Financial Officer (CFO), Mr. Navinchandra Patel, effective from the closure of office hours on June 29, 2024. Mr. Patel has decided to pursue a new career opportunity. The resignation was initially communicated on May 1, 2024, and further details were provided in a subsequent letter dated June 29, 2024.

The company acknowledges his contributions since his appointment on April 1, 2019, and has issued an experience cum relieving letter confirming his departure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b87fc50d-bba2-4799-9390-3c8aff940f33.pdf

VINAYAK VANIJYA LTD. announced the resignation of Ms. Priyanka Sisodia from her roles as Company Secretary & Compliance Officer and Chief Financial Officer (CFO) due to personal exigencies, effective June 29, 2024. The Board of Directors acknowledged her resignation during their meeting on the same date. The company has also updated the authorized personnel responsible for determining the materiality of events and information as per SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/73771250-edf0-4bed-931f-b4ce2cd9faff.pdf

Flair Writing Industries Ltd has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Mayur Dhansukhlal Gala, effective from the close of business hours on June 29, 2024. Mr. Gala has decided to pursue new professional opportunities outside the organization. His resignation was formally communicated to the Board of Directors and is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has expressed its gratitude for Mr. Gala's contributions during his tenure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/560a3832-a2d5-420d-ad9c-c3651e2b3ce2.pdf

Eraaya Lifespaces Ltd has announced significant developments following its Board Meeting on June 29, 2024. The company, leading a consortium, successfully bid for acquiring 100% equity of Ebix Inc. at an enterprise value of approximately $361 million (INR 3,009 Crores). The acquisition is part of Ebix's Chapter 11 Plan of Reorganization, pending approval from the U.S. Bankruptcy Court.

Additionally, Eraaya Lifespaces Ltd received in-principle approval to raise up to USD 150 million through various securities issuance methods to finance business opportunities and augment long-term resources.

The Board also approved changes in its management team. Mr. Robin Raina was appointed as Chairman and Director, Dr. Vikas Garg as Vice-Chairman and Director, and Ms. Bhawna Sharma as Whole-time Director, among others. https://www.bseindia.com/xml-data/corpfiling/AttachLive/301fd905-2bcc-45ba-bfd6-bd65fb5cfbfb.pdf

SPS Finquest Ltd has announced the resignation of M/s. Shah & Savla LLP as joint statutory auditors, effective June 28, 2024. The resignation is attributed to the company's delisting process and the nature of its business, which the auditors believe no longer necessitates joint auditors.

The auditors have completed the audit for the financial year ending March 31, 2024, and will issue a limited review report for the quarter ending June 30, 2024.

The resignation complies with SEBI regulations and has been duly acknowledged by the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9d5cc771-880a-49ca-be20-dadac386b61c.pdf

Neelkanth Rock-Minerals Ltd. has announced the resignation of its statutory auditors, Maheshwari & Jain, effective immediately due to unavoidable circumstances. The resignation was communicated on June 29, 2024. There are no material issues on the part of the company. The company is taking necessary steps to appoint a new auditor, which will be considered in the upcoming Board of Directors meeting. The resignation and related formalities are being handled promptly to ensure compliance with SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3671d42f-8c4b-44dd-9c6f-f103ac9b7d3e.pdf

Neelkanth Rockminerals Ltd. recently experienced a significant change as their statutory auditors, Maheshwari & Jain, resigned on June 29, 2024. The resignation was due to unavoidable circumstances, with no material issues cited on the part of the company. The auditors were initially appointed during the Annual General Meeting on September 30, 2022, for a five-year term, which was set to expire in 2027. Prior to their resignation, the latest audit report was submitted as required. The resignation letter emphasized that there were no other material reasons for their departure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fbb8237a-f2ce-4d7f-b2cc-4b05c6fd6642.pdf

NMDC Steel Ltd recently held a Board of Directors meeting on June 29, 2024, where several key decisions were made. The board approved the regularization of Mr. Kishor Anil Kokate as a Non-Executive Director and increased the authorized share capital to Rs. 25 crore. They also decided to shift the registered office to a new location in Andheri, Mumbai.

Additionally, the company acquired 85.68% equity shares of Aventez Media & Technologies Limited for Rs. 91.11 crore through a share swap, making AMTL a subsidiary. The board also approved the issuance of 2,02,48,176 equity shares at Rs. 45 per share on a preferential basis. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6dcde81e-8d50-4284-a2a1-7eb4897a13e8.pdf

NMDC Ltd. has announced the revocation of the suspension of Shri V. Suresh, Director (Commercial), effective immediately, as per the Ministry of Steel, Government of India order dated June 28, 2024. This decision follows the powers conferred by sub-rule (5) under Rule 20 of the Conduct, Discipline, and Appeal Rules, 1978 of NMDC. The revocation was communicated through a letter dated June 29, 2024 from Calcutta Stock Exchange 7, Bandra-Kurla Complex Mumbai -400051 and Lyons Range 700001 Murgighata, Dalhousie, Kolkata West Bengal. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0420fe70-e918-4e13-a0be-2593c5fe8809.pdf

NMDC Limited has announced the revocation of the suspension of Shri V. Suresh, Director (Commercial), effective immediately. This decision was communicated by the Ministry of Steel, Government of India, via an order dated June 28, 2024. The revocation follows the powers conferred by sub-rule (5) under Rule 20 of the Conduct, Discipline, and Appeal Rules, 1978 of NMDC.

This update is in compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015.
- Bandra-Kurla Complex, Bandra (East), Mumbai -400051
- Calcutta Stock Exchange 7, Bandra-Kurla Complex Mumbai
- Bandra (East)
- Lyons Range, Murgighata, Dalhousie, Kolkata, West Bengal -700001
- Lyons Range 700001
- Murgighata, Dalhousie, Kolkata West Bengal

**Note:** I assumed that the important entities and locations mentioned in the paragraph should be formatted as bold text. However, for better clarity, the important regulations (SEBI, LODR) and addresses (Calcutta Stock Exchange) should also be formatted in italics. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0420fe70-e918-4e13-a0be-2593c5fe8809.pdf

STEEL AUTHORITY OF ININDIA LTD. has announced the revocation of suspensions for several key officials. According to the Government of India/Ministry of Steel orders dated 28th June 2024, the suspensions of Shri V.S. Chakravarthy, Director (Commercial), and Shri A.K. Tulsiani, Director (Finance), have been lifted with immediate effect. Additionally, the company has reinstated Below Board Level Officials, including Shri S.K. Sharma, ED (F&A), CMO; Shri Vinod Gupta, ED (Commercial); Shri Atul Mathur, ED (Sales & ITD); and Shri R.M. Suresh, ED (Marketing Services). This update follows the earlier communication dated 20th January 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c927dbb1-6bea-461d-bc99-0e3fbce4ed56.pdf

Sharat Industries Ltd. has scheduled a meeting of its Rights Issue Committee on July 4, 2024, to finalize the terms of its rights issue. The important details to be decided include the price, payment mechanism, entitlement ratio, record date, and issue period. This follows the Board's approval on February 14, 2024, and in-principle approval from BSE Limited on May 10, 2024. The company will disclose further details as required under SEBI regulations post-meeting. https://www.bseindia.com/xml-data/corpfiling/AttachLive/055b2ec9-d90a-4fbb-b0cf-632ca8440137.pdf

Lesha Industries Ltd. has announced a Board Meeting scheduled for 5th July 2024 to discuss the terms and conditions of a proposed rights issue. The company plans to raise up to ₹**49.28 crore** through the issuance of fully paid-up equity shares with a face value of ₹**1 each** and a premium of ₹**1.80 per share.** The draft letter for the rights issue was filed on 2nd February 2024, and BSE Limited granted in-principle approval on 27th June 2024. The meeting will address the rights issue price, payment mechanisms, entitlement ratio, and other related matters. (**The Manager Listing Department BSE Limited**, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai-400001, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/8d27994d-fad1-48b3-9aee-47428cffc0d8.pdf

TCPL Packaging Ltd. recently held a Board Meeting on June 29, 2024, where several key decisions were made. The company, through a consortium, successfully bid for acquiring 100% equity of Ebix Inc. at an enterprise value of approximately $361 million (INR 3,009 Crores). The acquisition is part of Ebix's Chapter 11 Plan of Reorganization, pending approval from the U.S. Bankruptcy Court. Additionally, the Board granted in-principle approval to raise up to USD 150 million through various securities issuance methods to finance business opportunities and augment long-term resources. Significant changes in the management team were also approved, including the appointment of Mr. Robin Raina as Chairman and Director, and Dr. Vikas Garg as Vice-Chairman and Director. https://www.bseindia.com/xml-data/corpfiling/AttachLive/57160520-b24a-4d08-8629-2f49e05b1b54.pdf

Swelect Energy Systems Limited has made significant updates regarding its business operations. On June 29, 2024, the company announced amendments to the Share Purchase Agreement with DMW CNC Solutions India Private Limited. The modifications include the shareholding transfer schedule and warranty clauses. The first tranche of 81.54% was completed on March 18, 2024, and the second tranche of 18.46% is extended to July 31, 2024. Additionally, Swelect plans to divest 9.38% of its shares in SWELECT RE Power Private Limited, valued at Rs. 72.52 lakhs. The company will no longer have power requirements from this subsidiary and is seeking a suitable buyer for the divested shares. Swelect continues to hold 73.99% in the subsidiary. https://www.bseindia.com/xml-data/corpfiling/AttachLive/19ba96be-16ca-4f40-bc54-058658781f73.pdf

Swelect Energy Systems Limited recently held a board meeting on June 29, 2024, where key decisions were made. The company amended its Share Purchase Agreement with DMW CNC Solutions India Private Limited. The modifications include the shareholding transfer schedule and warranty clauses. The first tranche of 81.54% was completed on March 18, 2024, and the second tranche of 18.46% is extended to July 31, 2024. Additionally, Swelect approved the divestment of 9.38% shares in its subsidiary, SWELECT RE Power Private Limited, for ₹72.52 lakhs. The company plans to retain 73.99% as an investment. Swelect is in the process of identifying a suitable buyer for these shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/db9cbf4c-af66-4bfe-bff7-4907a35762e6.pdf

Epigral Ltd has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has successfully commissioned a 35,000 TPA (Tonnes Per Annum) capacity Chlorinated Polyvinyl Chloride (CPVC) Compound manufacturing plant at its Dahej facility in Gujarat as of June 29, 2024. This update follows their initial announcement on August 31, 2023, regarding the venture to set up this manufacturing plant. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0f8eb80-043a-4bf1-b18d-47bd6ce62e0e.pdf

Jubilant FoodWorks Ltd has announced an update regarding the acquisition of the remaining securities in O2 Renewable Energy XVI Private Limited. Initially intimated on March 29, 2024, the completion of this acquisition is now expected on or before July 31, 2024, due to certain regulatory requirements. The details of this acquisition, as required by Regulation 30 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, were previously disclosed on January 2, 2024. This update is also available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/146f800b-66ba-45c8-b601-2be845b34a3b.pdf

HIL Limited has completed the acquisition of 100% equity share capital of Crestia Polytech Private Limited and its four group entities, as per the Share Subscription and Purchase Agreement (SSPA). The acquisition process, which included earlier communications on March 11, 2024, and April 24, 2024, culminated on June 28, 2024, with the completion of the acquisition of Aditya Poly Industries Private Limited. This strategic move is part of HIL's expansion and consolidation efforts in the industry. Further details are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/33532224-c372-49d2-95f2-f26bfef59ca3.pdf

Orient Cement Ltd has successfully completed the acquisition of a 28.52% stake in Ardeur Renewables Private Limited. This acquisition follows the milestones outlined in the "Share Subscription and Shareholders' Agreement" between Orient Cement, Ardeur Renewables, and Cleantech Solar India OA 2 Pte. Ltd. The details of this transaction were previously disclosed in letters dated July 21, 2023, and November 9, 2023, in compliance with SEBI Listing Regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e37cdeb-8240-4571-84e2-a7c84f48b34b.pdf

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