NSE BSE Stock Updates - Business Announcements, a deep analysis

1. New Orders

EIMCO ELECON (INDIA) LTD. has announced the receipt of a significant order valued at INR 33.11 Crores (excluding GST) from The Singareni Collieries Company Limited. This order pertains to the manufacturing and supply of coal mining equipment and is to be executed with staggered delivery by 28th February, 2025. The order is domestic, and there is no involvement of promoter group companies or related party transactions. This update complies with Regulation 30 of the SEBI (LODR) Regulations, 2015. (National Stock Exchange of India Ltd. NSE Limited)

2. Business Update

Clara Industries Ltd has announced the issuance of bonus equity shares to its shareholders. The Board of Directors recommended a 4:1 bonus share ratio, meaning shareholders will receive four bonus shares for every one existing share, contingent on shareholder approval. This recommendation was approved during the Extra-Ordinary General Meeting on June 19, 2024. The company has set July 8, 2024, as the 'Record Date' to determine shareholder eligibility for the bonus shares, in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Buy Back

Sunshine Capital Ltd achieved debt-free status through a preferential issue of equity shares, enhancing its financial stability. The company is expanding into the retail loan segment, offering home and education loans, with a focus on students studying abroad. Additionally, Sunshine Capital Ltd plans to invest in tech and AI start-ups in India to leverage the country's technological advancements. These strategic initiatives aim to drive long-term growth and create value for shareholders, positioning the company at the forefront of the AI revolution.

(Date: 19/06/2024
To BSE Limited Department of Corporate Services,
Phiroze Jeejee Bhoy Towers, Dalal Street, Mumbai-400001

Scrip Code: 539574 (Sunshine Capital Limited)

Sub: -Company Achieves Debt-Free Status and Announces New Strategic Initiatives)

Godawari Power & Ispat Ltd. has approved a buyback of up to 21,50,000 equity shares at ₹**1400** per share, totaling ₹**301 crores**. The buyback, approved on June 15, 2024, will be executed through a tender offer route using the stock exchange mechanism. The buyback represents 7.00% and 6.66% of the company's total paid-up equity share capital and free reserves, respectively, based on the audited financial statements as of March 31, 2024. The company has constituted a Buyback Committee to oversee the process and ensure compliance with SEBI regulations.

Godawari Power & Ispat Ltd. has announced a buyback offer for its public shareholders. The Board of Directors approved the buyback of 21,50,000 fully paid-up equity shares at ₹1400 per share, totaling ₹301 crores. This buyback will be conducted through the tender offer route, adhering to the Companies Act, 2013, and SEBI Buyback Regulations, 2018. The public announcement was published on June 19, 2024, in Business Standard (English and Hindi) and Deshbandhu (Hindi, Raipur edition). The buyback aims to return surplus cash to shareholders and improve earnings per share.

Sapphire Foods India Limited has announced a significant alteration in its share capital structure. The Board of Directors approved a sub-division of existing equity shares from 1 equity share with a face value of Rs. 10 each into 5 equity shares with a face value of Rs. 2 each, subject to shareholder approval at the forthcoming 15th Annual General Meeting. This move aims to improve liquidity and make shares more affordable for retail investors.

The authorized share capital will change from 46,70,12,000 shares at Rs. 10 each to 233,50,60,000 shares at Rs. 2 each. The issued, subscribed, and paid-up share capital will adjust from 6,37,56,522 shares at Rs. 10 each to 31,87,82,610 shares at Rs. 2 each. The process is expected to be completed within three months from the date of member approval.

4. Capital expenditure

Marsons Limited has postponed its Board meeting to June 26, 2024, to discuss Capital Expenditure for Infrastructure Upgradation and Capacity Enhancement. The trading window for designated persons to trade in the company's shares will remain closed until June 28, 2024. This information is disclosed in compliance with SEBI regulations. The meeting will take place at Budge Budge Trunk Road, Chakmir, Maheshtala, Kolkata-700142 at 2:00 p.m. (Ns & Limited, n.d.)

Fabino Life Sciences Ltd. has officially changed its name to Fabino Enterprises Ltd. as of June 18, 2024. This change was certified by the Registrar of Companies, Haryana, and is reflected in the company's updated Certificate of Incorporation. The company, which is ISO 9001:2015 certified, announced this change in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change was communicated to BSE Limited on June 19, 2024, by Managing Director Aditya Mahavir Jain.

5. Change of Company Name

IM+ Capitals Limited has officially changed its name to Fedders Holding Limited. The name change was approved by the Registrar of Companies, Kanpur, and a fresh Certificate of Incorporation has been issued. The company has initiated the process to update the name change with relevant departments and regulators. The Corporate Identification Number (CIN) for the company is L74140UP1991PLC201030. The name change was certified by the Government of India Ministry of Corporate Affairs on June 19, 2024.

AYUSH WELLNESS LIMITED (formerly known as Aayush Food and Herbs Limited) has officially changed its name effective June 18, 2024. The name change received approval from the Ministry of Corporate Affairs. The company, originally incorporated as Arihant Properties and Plantation Limited, has updated its name to reflect its new focus.

This change is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fresh Certificate of Incorporation has been issued, and the company is in the process of updating all relevant departments and regulators.

The name change does not affect the rights and liabilities of stakeholders. The company is required to display its old name alongside the new name for two years.

GMR Power & Urban Infra Limited has disclosed significant developments in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s subsidiary, GMR Smart Electricity Distribution Private Limited (GSEDPL), received a Letter of Award (LOA) from Purvanchal Vidyut Vitran Nigam Limited (PuVNL) and Dakshinanchal Vidyut Vitran Nigam Limited to install, integrate, and maintain approximately 75.69 lakh smart meters.

GSEDPL has formed three Special Purpose Vehicles (SPVs) for these projects and partnered with Bosch Global Software Technologies (BGSW) for technology integration. BGSW will invest in 10% equity capital in each SPV, with GSEDPL holding the remaining 90%.

SPS Finquest Ltd has received approval from the Reserve Bank of India on June 19, 2024, for the proposed acquisition of 41,62,092 equity shares, representing 41.06% of the company's equity capital, by promoter Mr. Sandeep P. Shah and Sanrina Consultancy Pvt. Ltd., a promoter group company. This acquisition will lead to the delisting of the company's equity shares from BSE Limited. The approval is valid for six months from the date of issuance, and the company will inform BSE of any developments related to the acquisition and delisting process. There will be no monetary impact on the company due to this delisting.

6. Delisting

Coastal Roadways Ltd. has scheduled a Board of Directors meeting on June 27, 2024, at 03:30 PM at their corporate office located at U1 Camac Street, 5th Floor, Kolkata-700016. The agenda includes the proposal for the voluntary delisting of equity shares from The Calcutta Stock Exchange Limited and the appointment of Independent Directors. This meeting is crucial for the company's strategic decisions and future direction.

7. FDA Warning

Sun Pharmaceutical Industries Limited has received a Warning Letter from the US FDA for its Dadra facility. The letter highlights violations related to Current Good Manufacturing Practice (cGMP) regulations. This follows a prior communication on April 11, 2024, regarding the facility's Outstanding Application Inspection (OAI) status by the USFDA. The detailed contents of the Warning Letter will be made public by the USFDA in due course.

8. Intimation of Acquisition

Bonlon Industries Ltd has announced the acquisition of an industrial plot located at C-116 (Corner), Industrial Area, Bandapur, Bhiwadi (Unit-II), Dist. Alwar, Rajasthan. The company secured the plot through an e-auction conducted by the Rajasthan State Industrial Development & Investment Corporation Ltd. (RIICO). The plot, measuring 7482 sqm, will be used to set up a manufacturing plant for high tension cables. The estimated investment for the land is Rs. 11.27 Crores, which will be financed through internal accruals. This acquisition is aimed at fostering business growth.

9. Investor Presentation

Aurionpro Solutions Ltd presented its Investor Presentation on June 19, 2024, highlighting significant achievements and strategic goals. The company reported a CAGR of 27% from 2005 to 2024, with current revenue at INR 8,870 million and a market capitalization exceeding 7000 Cr+ INR.

Key financial metrics for FY 24 include a Debt Equity Ratio of 0.07, ROE at 20%, ROCE at 19%, and a PAT growth of 40%+.

The company aims for a 25%-30% annual revenue growth rate and maintains a strong focus on R&D, spending 8-9% consistently.

Strategic initiatives include expanding into new markets, enhancing AI capabilities, and forming key partnerships with global entities like Mastercard and Google.

Awfis Space Solutions Ltd: Q4 & FY24 Financial Performance Summary

**Awfis Space Solutions Ltd** reported robust financial performance for Q4 and FY24. The company achieved a 45% year-over-year growth in operating revenue, reaching Rs. 232 crores in Q4FY24. For the full fiscal year, operating revenue surged by 56% to Rs. 849 crores. EBITDA for FY24 stood at Rs. 271 crores, reflecting a 31.0% margin. The company also turned PAT positive in Q4FY24.

**Awfis** expanded its network to 181 centers across 17 cities, with a total of 110,540 seats. The asset-light Managed Aggregation (MA) model, which constitutes 66% of the portfolio, significantly contributed to capital efficiency and reduced financial risk.

DP Wires Ltd has demonstrated robust growth and operational excellence over the years. The company, established in 1998, is a leading manufacturer and supplier of steel wires and plastic films, with a manufacturing capacity of approximately 100,000 MT per annum. In FY24, Despite a challenging environment, DP Wires achieved a turnover of Rs 10,023 million, with an EBITDA of Rs 497 million and a PAT of Rs 363 million. The company maintains a strong financial position with zero net debt as of September 30, 2023, and a high credit rating.

Key highlights include a 38% revenue CAGR from FY19 to FY23, a 21% ROE, and a 30% ROCE. The company has also expanded its market reach, exporting to countries like Bangladesh, the USA, and Brazil.

Power and Instrumentation (Gujarat) Ltd (PIGL) is a leading player in the electrical contracting and equipment industry, specializing in Electrical, Procurement, and Construction (EPC) solutions. Founded in 1975, the company has successfully delivered over 300 projects across India. With a robust order book of ₹**400 Cr** and a revenue of ₹**102.03 Cr** for FY24, PIGL's EBITDA for the same period stood at ₹**12.36 Cr**, and its PAT was ₹**5.90 Cr**.

The company serves a diverse clientele, including industrial, commercial, and government entities. Recently, PIGL secured a significant contract for the development of a substation at Sardar Vallabhbhai International Airport, Ahmedabad.

JAI BALAJI INDUSTRIES LTD. has achieved its highest-ever revenue, EBITDA, and PAT in FY24, driven by resilience and strategic focus on value-added products like Ductile Iron (DI) Pipes and Specialized Ferro Alloys. The company plans to expand DI Pipes capacity by 120% to 660,000 TPA and Ferro Alloys capacity by 14% to 190,000 TPA by FY25. With a robust balance sheet, JBIL aims to become net debt-free within the next 12-15 months. The company has a strong export presence, being a 3 Star Export House, and exports to over 40 countries.

Sadhana Nitro Chem Ltd. reported a robust financial performance for Q4FY24, with a 34% increase in revenue from operations, reaching ₹**64.55 crore**, and a 17% rise in EBITDA to ₹**11.76 crore**. Despite a 70% decrease in Profit After Tax (PAT) to ₹**0.52 crore** due to tax adjustments, the company demonstrated significant annual growth. For FY24, revenue surged by 33% to ₹**190.05 crore**, and EBITDA nearly doubled, reflecting a 96% increase to ₹**45.03 crore**. The company announced a 15% dividend and is finalizing a rights issue not exceeding ₹**49.95 crore**. Expansion efforts include increasing ODB2 capacity to 2200 TPA and enhancing PAP production, aiming to become the largest PAP manufacturer globally.

Gujarat Alkalies & Chemicals Ltd. has released an updated Investor Presentation on their website for the benefit of investors and shareholders. The presentation, dated March 2024, can be accessed at this link. This update aims to provide comprehensive insights into the company's performance and strategic initiatives.

10. Letter of offer

Natural Capsules Ltd. announced key outcomes from its Board Meeting held on June 19, 2024. The Board approved the appointment of Mr. Tekkar Yashwanth Prabhu as an Additional Non-Executive Independent Director for a five-year term, effective from June 19, 2024, pending shareholder approval.

Additionally, the Board decided to forfeit 13,313 partly paid-up Rights Equity Shares due to non-payment of call money by the shareholders. The final date for receipt of Rights Call Money was November 15, 2023. The meeting commenced at 2:30 PM and concluded at 3:20 PM.

Cheviot Company Limited has announced a buy-back offer for up to 1,75,000 fully paid-up ordinary shares at ₹**1,800** per share, representing 2.9% of its total share capital, with an aggregate consideration not exceeding ₹**31.5 crores**. The buy-back will be conducted through a tender offer route, opening on June 20, 2024, and closing on June 26, 2024. The company, listed on NSE and BSE, has shown a profit growth of 27.42% for the year ending March 31, 2024, with a net worth increase of 7.34%. The buy-back is in accordance with the SEBI regulations and the Companies Act, 2013.

11. Listing of equity shares

Dev Labtech Venture Ltd has applied for listing approval of 658,000 equity shares on the BSE SME platform, following the conversion of 658,000 convertible warrants. The shares were allotted on a preferential basis to 18 non-promoter/public investors at an issue price of ₹**62 per share**, aggregating to ₹**3,05,97,000**. After the issue, the promoter group will hold 63% and the public will hold 37%, with a total of 8,929,139 shares.

Eraaya Lifespaces Limited has announced a significant move with the Plan Support Agreement for acquiring 100% equity of EBIX INC. This acquisition, led by a consortium with Eraaya as the Stalking Horse Bidder, has been approved by EBIX's Independent Directors. The consortium has already remitted a 5% cash deposit to advance the process. The acquisition will be executed through a Plan of Reorganization under Chapter 11 provisions, subject to Bankruptcy Court approval.

**EBIX INC.** is a leading international supplier of on-demand software and e-commerce services. The company is particularly known in the insurance, financial, and healthcare industries. This strategic acquisition by Eraaya aims to expand its business horizons, unlocking new opportunities in these sectors.

Vikas Lifecare Limited, a listed company on NSE and BSE, recently announced a significant acquisition deal with Ebix Inc. The acquisition involves a 100% equity acquisition and has been approved by Ebix Inc.'s Independent Directors. The Consortium, including Vikas Lifecare Limited, as the Stalking Horse Bidder, has remitted a 5% cash deposit to proceed with the acquisition. The deal is structured under a Stalking Horse Plan Support Agreement and will be executed through a Plan of Reorganization under Chapter 11 provisions. This strategic move marks Vikas Lifecare Limited's entry into new business segments beyond its conventional operations, showcasing a commitment to diversified growth and expansion(Dhawan, n.d.).

KKRRAFTON Developers Ltd has scheduled a Board of Directors meeting on 22nd June 2024 to discuss key business decisions. The agenda includes the approval to increase the authorized share capital from Rs. 100 crores to Rs. 200 crores, divided into 20,00,00,000 equity shares of face value Rs. 10/- per share. Additionally, the board will consider raising the borrowing limits up to Rs. 100 crores and the potential name change of the company, all subject to shareholder approval.

Windsor Machines Ltd. is undergoing a significant change in ownership as Plutus Investments and Holding Private Limited has executed a share purchase agreement to acquire 53.90% of the company's paid-up capital from Castle Equipment Private Limited. This acquisition, dated June 18, 2024, triggers an open offer to acquire up to 1,68,82,268 equity shares, representing 26.00% of the company's fully paid-up equity share capital, at an offer price of ₹**100** per share. The total consideration for the shares acquired through the share purchase agreement amounts to ₹**350 crore**, and the open offer aggregates to ₹**168.82 crore**. The offer is managed by Choice Capital Advisors Private Limited.

Windsor Machines Ltd. is undergoing a significant change in ownership as Plutus Investments and Holding Private Limited has initiated an open offer to acquire up to 1,68,82,268 equity shares representing 26.00% of the company's total voting share capital. This follows a share purchase agreement executed on June 18, 2024, where Plutus Investments agreed to acquire 53.90% of Windsor Machines' paid-up capital from Castle Equipment Private Limited at a price of ₹**100** per share. The total consideration for this acquisition amounts to ₹**350 crore**. The open offer is in compliance with SEBI (SAST) Regulations, 2011, and is managed by Choice Capital Advisors Private Limited.

12. Preferential Basis

Regency Fincorp Ltd has scheduled a Board of Directors meeting on June 24, 2024, at 2:00 P.M. via Video Conferencing. The agenda includes the consideration of the allotment of 6,553,350 equity shares on a preferential basis at an issue price of Rs. 20/- per share (including Rs. 10/- as premium) to Promoters/Non-Promoters. Additionally, any other matters will be addressed with the permission of the Chairperson.

Sylph Technologies Limited has approved the conversion of 1,35,00,000 warrants into an equal number of equity shares, each with a face value of Re. 1/- and an issue price of Rs. 3.20 (including a premium of Rs. 2.20 per share). This conversion, approved on June 19, 2024, was made on a preferential basis to the "Non-Promoters/Public Category" upon receiving Rs. 3,24,00,000/- at Rs. 2.40 per warrant (75% of the issue price). The allottees include VKC Corporation Solutions Pvt Ltd, Sygnific Corporation Solutions Pvt Ltd**, and Manoj Gupta. Post-conversion, the company's issued and paid-up capital increased to Rs. 35,86,66,000/- with 35,86,66,000 equity shares.

Dhyaani Tradeventtures Limited (formerly known as Dhyaani Tile and Marblez Limited) has announced a preferential issue of up to 65,57,377; 8% Unsecured, Unrated, Listed Optionally Convertible Debentures (OCD). The issuance was delayed due to internal investor matters, which could not be accommodated due to SEBI (ICDR) Regulations, 2018 compliance requirements. The board will discuss this investment and issuance in upcoming meetings at 420 Time Square Arcade Opp Rambaug Nr Rajiv Plaza Thaltej-Shilaj Road, Thaltej, Ahmedabad, 380059, Gujarat, IN; 420 Time Square Arcade Opp Rambaug Nr Rajiv Plaza Thaltej-Shilaj Road 380059 Thaltej, Ahmedabad, Gujarat IN.

GLOBAL OFFSHORE SERVICES LTD. announced the outcome of its Shares/Warrants Allotment Committee meeting held on June 19, 2024. During this meeting, the committee approved the allotment of 3,57,150 Equity Shares upon the conversion of warrants. This significant development reflects the company's ongoing efforts to enhance its equity base and strengthen its financial position. The allotment is part of the company's strategic initiatives to optimize its capital structure and support future growth plans.

13. Press release

Gokaldas Exports Ltd has announced a strategic tie-up with BRFL Textiles Private Limited (BTPL), investing through Optionally Convertible Debentures (OCD). The initial investment is ₹50 crores, with plans to invest up to ₹300 crores in multiple tranches. This investment aims to meet working capital needs and capex requirements, with a potential merger or acquisition by June 30, 2025.

**Gokaldas Exports**, established in 1979, is a leading apparel manufacturer with an annual turnover of USD 290 million in FY24, exporting to over 50 countries. BTPL, known for its extensive fabric processing capabilities, will enhance Gokaldas Exports' self-reliance and growth in the textile industry.

Adani Ports and Special Economic Zone Ltd (APSEZ) has achieved significant recognition in the World Bank's Container Port Performance Index 2023. Four of its ports ranking in the top 100 globally are:

- Mundra Port: 27th position overall and 22nd in the large ports category
- Kattupalli: 57th position
- Hazira: 68th position
- Krishnapatnam: 71st position

This accomplishment underscores APSEZ's leadership in operational efficiency and world-class service standards. The company's continuous investment in state-of-the-art infrastructure and technology has bolstered its competitive edge in the global maritime industry. This contribution significantly enhances India's infrastructure and global trade presence.

Radico Khaitan Ltd. has achieved significant recognition at the John Barleycorn Awards 2024. The company's Rampur Jugalbandi #3 won the Best World Whisky and Jaisalmer Gin Gold Edition was awarded Best Gin, both scoring 94 points and receiving Double Gold medals. Other luxury brands like Rampur Jugalbandi #4, Jaisalmer Indian Craft Gin, Rampur Asava, Rampur Double Cask Indian Single Malt Whiskies, and Sangam World Malt Whisky also secured top medals.

The company's innovative ageing process, leveraging the unique climate of the Himalayas, and its meticulous craftsmanship have been pivotal in these accolades. Radico Khaitan's products are now available in over 102 countries, underscoring its global reach and reputation for quality.

Brigade Enterprises Ltd. has announced the development of a third World Trade Center (WTC) tower at Infopark Kochi, a project valued at Rs 150 crore. The new 16-storey tower, featuring a six-deck car park and 2.6 lakh square feet of built-up space, is expected to generate around 2700 direct jobs and be completed within three years. This expansion, supported by Kerala's Chief Minister Shri Pinarayi Vijayan, aims to bolster the state's IT sector. Brigade Group, which already operates two fully occupied WTC towers in Kochi, continues to expand its footprint in Kerala, addressing the growing demand for non-SEZ office spaces.

Indian Oil Corporation Ltd. has announced a significant joint venture with GPS Renewables Pvt. Ltd. to advance sustainable energy solutions in India. This 50:50 partnership aims to promote biofuel adoption by integrating advanced biogas technologies to convert organic waste into Compressed Biogas (CBG). The initiative is expected to reduce greenhouse gas emissions and support India's goal of achieving net-zero emissions by 2070. The collaboration will also enhance energy security, reduce dependence on imported fossil fuels, and create local employment opportunities. This aligns with IndianOil's long-term low-carbon development strategy.

Blue Dart Express Ltd. has successfully launched drone deliveries in collaboration with Skye Air, marking a significant advancement towards cleaner and more efficient delivery solutions. This initiative builds on their pioneering VLOS and BVLOS trials under the Telangana Government's 'Medicine from the Sky' initiative. Initially focusing on the e-commerce sector, this innovative approach aims to revolutionize last-mile delivery by offering same-day delivery, significantly reducing delivery time and environmental impact. This milestone coincided with World Environment Day, emphasizing Blue Dart's commitment to sustainable logistics practices.

ZF Commercial Vehicle Control Systems India Ltd is a leading company in the automotive industry, part of the ZF Group. It recently sold 7.5% stake to institutional investors to enhance financial flexibility for growth. The company remains a market leader in advanced braking systems and related technologies in India. With 5 manufacturing facilities and a strong aftermarket distribution network, ZF CVCS India continues to provide cutting-edge solutions for commercial vehicles in the Autonomous, Connected, and Electric domains.

Aayush Wellness Limited (formerly known as Aayush Food and Herbs Limited), recently announced a 10-for-1 stock split and Employee Stock Option Plan (ESOP) on June 19, 2024. The stock split involves dividing one equity share with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each. This move aims to enhance liquidity in the capital market and make shares more accessible to a wider range of investors. The company's market cap is nearing Rs 100 crore, and the decision will not change the overall authorized share capital but will increase the number of equity shares in circulation. Additionally, the company has rebranded to "Aayush Wellness Limited" and initiated an ESOP program granting 30,00,000 Employee Stock Options to eligible employees. The Board also approved an increase in the Authorized Share Capital from Rs 3,50,00,000 to Rs 7,00,00,000 to accommodate future fundraising requirements.

Coal India Limited (CIL) is set to leverage latent coal reserves from 23 closed underground mines through private operators on a revenue-sharing model. These mines have a cumulative peak rated capacity of 34.14 million tonnes per year and total extractable reserves estimated at 635 million tonnes. The initiative aims to conserve resources, substitute imported coal, and provide local employment without additional land degradation. Successful bidders, who offer the highest revenue share (minimum 4%), will operate these mines for up to 25 years, utilizing existing infrastructure and selling coal at market-driven prices through auctions.

Datamatics Global Services Ltd. recently announced the granting of a patent for its AI-powered Intelligent Document Processing software, TruCap+. This innovative solution automates data extraction from structured, semi-structured, and unstructured documents, offering a template-free approach and high accuracy. Enhanced with GenAI capabilities, TruCap+ processes complex documents like legal and financial statements, and allows natural language querying. The company, led by Chairman Dr. Lalit S. Kanodia, emphasizes continuous investment in R&D to deliver advanced automation solutions. This strategic move solidifies TruCap+'s position as a leading IDP solution.

ABB India Limited has partnered with Witt India to enhance safety and operational efficiency in key infrastructure projects across India. This collaboration focuses on deploying state-of-the-art tunnel ventilation solutions. ABB's advanced smoke extraction motors are integral to Witt India's Banana® Jet Fans. These systems are designed to manage airflow, control smoke, disperse pollutants, regulate temperature, and improve energy efficiency in critical road tunnels like the Rewa-Sidhi Tunnel in Madhya Pradesh and the Kuthiran Tunnel Highway in Kerala. ABB's motors, capable of withstanding extreme temperatures of up to 300°C for 2 hours, ensure reliable operation during emergencies, setting new benchmarks in tunnel safety and efficiency.

Valiant Communications Limited has announced the receipt of an order for its advanced "beyond the firewall" Cyber Security Defence strategy solutions from Oil & Natural Gas Corporation (ONGC), India's largest crude oil and natural gas company. This deployment is crucial for protecting ONGC's Critical Information Infrastructure (CII) from cyber threats, network intrusions, and ransomware attacks.

The solutions include equipment designed per Government of India guidelines, offering seamless scalability, infrastructure neutrality, and early warning systems for cyber-attack detection and mitigation.

This initiative aligns with India's "Aatmanirbhar Bharat," "Make in India," and "Digital India" policies, supporting domestic manufacturers and enhancing national cyber security.

Exicom Tele-Systems Ltd has announced a strategic partnership with Hubject to enhance India's EV market growth. The collaboration will leverage Hubject's interoperability technology, including the intercharge and Plug&Charge platforms, to streamline EV charging processes. This initiative aims to support local charge point operators and introduce India's first Plug&Charge standard, enabling automated charging without apps or RFID cards. The partnership is expected to significantly improve the EV charging experience, encouraging more drivers to switch to electric vehicles.

Vipul Organics Ltd has commenced construction of a state-of-the-art 22,209 sq. m facility on a 24,633.11 sq. m plot at Sayakha in Gujarat. This new facility, located in the Petroleum, Chemicals, and Petrochemicals Investments Region (PCPIR), will enhance the company's manufacturing capabilities and operational efficiencies. The strategic location on the Delhi-Mumbai Industrial Corridor and proximity to Dahej Port will facilitate better connectivity and access to both domestic and global markets.

**Vipul Organics**, a leading specialty chemicals company in the pigments and dyes segment, reported a revenue of Rs. 151 Crore for the financial year 2023-24.

Tata Motors Ltd has announced a price increase of up to 2% for its commercial vehicles, effective from July 1, 2024. This adjustment is necessary to counterbalance the rising commodity prices and will be applied across all models and variants.

**Tata Motors**, a key player in the global automobile industry, is part of the USD 150 billion Tata Group. The company reported a revenue of USD 44 billion.

**Tata Motors** is a market leader in commercial vehicles in India and ranks among the top three in the passenger vehicle market.

**Tata Motors** is committed to innovation and sustainability, focusing on electric vehicle (EV) transitions and smart mobility solutions.

Tata Motors Limited has announced a price increase of up to 2% for its commercial vehicles, effective from July 1, 2024. This adjustment is necessary to counterbalance the rising commodity prices and will be applied across the entire range of commercial vehicles, with variations depending on the specific model and variant.

**Tata Motors**, a key player in the global automobile industry, continues to innovate with a focus on sustainable and tech-enabled automotive solutions. The company is driving India's transition to Electric Vehicles (EVs) and sustainable mobility.

Sprayking Ltd. has secured a significant order worth Rs. 15 million for 25 tonnes of brass rod from a new domestic client. This milestone highlights the company's enhanced production capabilities, bolstered by a newly inaugurated state-of-the-art manufacturing facility in Jamnagar, Gujarat. The facility, spanning 3,000 square meters, is equipped with advanced machinery and technology, enabling superior efficiency and quality in brass rod production. This order underscores Sprayking Ltd.'s growing presence in the domestic market and its commitment to innovation and excellence in manufacturing brass components and parts.

Tata Motors Ltd: On June 19, 2024, Jaguar Land Rover Limited (JLR), a wholly owned subsidiary of Tata Motors, and Chery Automobile Company Limited announced a new collaboration model for electrification in China. They signed a Letter of Intent to license the Freelander brand to their joint venture, CJLR, for creating electric vehicles. This strategic move will see the Freelander EV portfolio built on Chery’s EV architecture and manufactured in Changshu, China. The Freelander brand, previously produced between 1997-2015, will be reborn to offer a range of electric vehicles initially for the Chinese market, with plans for global export.

Tata Motors Ltd. has announced a significant collaboration between its wholly-owned subsidiary, Jaguar Land Rover Limited (JLR), and Chery Automobile Company Limited. This partnership aims to create a new value model for the electrification era in China.

The collaboration will see the rebirth of the Freelander brand under the CJLR joint venture, focusing on electric vehicles (EVs) built on Chery’s EV architecture. The Freelander EV portfolio will be manufactured in Changshu and initially sold in China, with plans for global export.

This strategic move leverages Chery's market position in China and JLR's design strength, promising a unique electric vehicle experience for consumers(Kumar Gupta, n.d.).

Chemplast Sanmar Ltd has announced a Board of Directors meeting scheduled for 24th June 2024 to consider and approve the raising of funds through various means, including Qualified Institutions Placement (QIP), preferential allotment, rights issue, or private placement. The trading window for dealing in the company's equity shares will be closed for designated persons and their immediate relatives from 20th June 2024 to 26th June 2024. This decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

14.Acquisition

Yatra Online Ltd has acquired a 49% stake in Adventure and Nature Network Private Limited (ANN), increasing its shareholding from 50% to 99%, making ANN a subsidiary. The acquisition, completed via a Share Purchase Agreement on June 19, 2024, aims to enhance Yatra's presence in adventure tourism.

**ANN**, incorporated on September 12, 2012, offers services in transport, travel, tours, and activities like trekking and camping. The acquisition cost was INR 9,804,704, and ANN's turnover for the last three financial years was INR 6,051,000 (2022-23), INR 2,357,000 (2021-22), and INR 2,164,000 (2020-21).

INFO EDGE (INDIA) LTD. has announced an investment of Rs. 1 Crore in its step-down wholly-owned subsidiary, NewInc Internet Services Pvt. Ltd. This investment, made by Allcheckdeals India Pvt. Ltd. (ACD), aims to meet the working capital requirements and other general corporate purposes of NewInc. The transaction involves acquiring 1,00,000 Compulsorily Convertible Debentures (CCDs) with a face value of Rs. 100/- each.

NewInc, incorporated on December 27, 2016, operates in the internet, computer, and electronics data processing services sector. The acquisition is categorized as a related party transaction but is conducted on an arm's length basis, with no promoter interest involved.

Restaurant Brands Asia Ltd (formerly known as Burger King India Limited) has announced an investment in its subsidiary, PT Sari Burger Indonesia (BK Indonesia), by subscribing to redeemable cumulative non-convertible preference shares worth IDR 40 billion.

BK Indonesia operates 150 outlets and reported a consolidated turnover of IDR 12,54,472 million for the financial year ending March 31, 2024.

The investment, classified as a related party transaction, aims to meet BK Indonesia's business requirements.

The acquisition, which requires no governmental or regulatory approvals, is expected to be completed within one month.

BK Indonesia, incorporated on September 27, 2006, manages the "Burger King" brand in Indonesia and has shown consistent turnover growth over the past three years.

Axis Bank Ltd. has announced the acquisition of additional equity shares in Max Life Insurance Company Limited. The acquisition, approved on June 19, 2024, will increase the shareholding of Axis Entities from 19.02% to 19.99% for a total consideration of up to Rs 336 crore. This transaction, which falls under related party transactions, is subject to regulatory approvals and is expected to be completed within 2-3 months. The acquisition aims to strengthen Axis Bank's position in the life insurance sector, with Max Life reporting a Gross Written Premium of Rs 29,529 crore for FY24.

Maithan Alloys Ltd. has recently acquired equity shares of Hindustan Aeronautics Ltd. through the stock exchange, with the acquisition event occurring on June 18, 2024. The total cost of acquisition amounted to Rs. 30.03 Crore, resulting in a 0.01% shareholding (55200 shares) on the acquisition date, and a cumulative 0.07% shareholding (465778 shares) till that date. The acquisition is part of Maithan Alloys' investment strategy to reap long-term and short-term benefits, without intending to control the management of Hindustan Aeronautics Ltd. The target entity, Hindustan Aeronautics Ltd., is a public sector enterprise under the Ministry of Defence, engaged in aerospace and defense manufacturing, with a turnover of Rs. 30381 Crore for the financial year 2023-2024.

Bharti Airtel Limited has announced the acquisition of approximately 26.95 million equity shares (1% stake) in Indus Towers Limited on June 19, 2024. This acquisition was approved by the Special Committee of Directors for the evaluation of stakes in subsidiaries and joint ventures. The transaction was conducted on-market and involved a cash consideration at the prevailing market price. The acquisition aims to increase Bharti Airtel's stake in Indus Towers, which is engaged in providing telecom tower infrastructure sharing for telecommunication services. No governmental or regulatory approvals were required for this acquisition. The details of Indus Towers' size and turnover can be found on its official website.

15.Credit Rating

Bliss GVS Pharma Ltd. has received a reaffirmation of its credit ratings from CRISIL Ratings Limited as of June 19, 2024. The company's total bank loan facilities rated have been enhanced from Rs 50 Crore to Rs 160 Crore. The long-term rating has been reaffirmed at CRISIL BBB+/Stable, and the short-term rating remains at CRISIL A2. This information was communicated to the National Stock Exchange of India Limited and BSE Limited, as per the SEBI regulations.

Glenmark Life Sciences Ltd has seen a positive revision in its bank loan outlook by India Ratings and Research, affirming an 'IND AA-' rating. The company, now 75% owned by Nirma Limited, has been net cash positive since FY19, with no long-term debt and a strong financial profile. In FY24, Glenmark Life Sciences reported a revenue of INR 22,832 million and an EBITDA of INR 6,743 million. The company's operational performance remains robust, with a healthy EBITDA margin of 29.5% and a return on capital employed of 27.5%. The company is expanding its manufacturing capacity, aiming to increase reactor capacity to 2,405 kilolitres by 2026.

Shree Cement Ltd. has received a reaffirmation of its credit rating from CARE Ratings Limited. The rating for its commercial paper, amounting to ₹500.00 crores, has been maintained at CARE A1+ (A One Plus). This rating action was communicated to the National Stock Exchange of India Limited and BSE Limited on 19th June 2024. The reaffirmation indicates a high degree of safety regarding timely payment of financial obligations.

Chemcon Speciality Chemicals Ltd has received a review from CRISIL on its bank facilities as of June 19, 2024. The total bank loan facilities rated amount was Rs. 53 Crores. The long-term rating has been reaffirmed at CRISIL BBB+/Negative with a Negative outlook. This information is disclosed pursuant to Regulation 30 read with PART A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

UFLEX LTD.: Credit Ratings Update: On 19 June 2024, India Ratings and Research (Ind-Ra) affirmed UFLEX LTD.'s bank facilities at '**IND AA-/Stable**' and rated additional limits.

Key ratings include:
- Long-term loans of INR 16,823.7 million and INR 2,134.77 million: both rated '**IND AA-/Stable**'
- Fund-based working capital limits of INR 7,271.5 million and INR 3,928.5 million: affirmed and assigned respectively at '**IND AA/Stable/IND A1+**'
- Non-fund-based working capital limits of INR 4,588 million and INR 1,412 million: affirmed and assigned at '**IND A1+**'

Additionally, letter of credit limits for capital goods of INR 100 million and proposed working capital limits of INR 1,140.4 million and INR 604.7 million were affirmed and assigned at '**IND AA/Stable/IND A1+**' (n.d.).

Mahindra & Mahindra Financial Services Ltd. reaffirmed its credit ratings with CRISIL Ratings Limited and India Ratings & Research Private Limited. The ratings include:

* CRISIL AAA/Stable for Non-Convertible Debentures and Subordinated Debt,
* CRISIL A1+ for Commercial Paper,
* IND AAA for Non-convertible Debentures and Retail Subordinate Debt,
* IND A1+ for Commercial Paper.

The company's credit ratings were revalidated on June 18th and 19th, 2024. For more information, visit the company's website. (Bhosale, n.d.)

Birla Corporation Limited is a prominent company with a corporate office in Kolkata. The company recently received revised credit ratings for its subsidiary, RCCPL Private Limited, with a stable outlook. RCCPL's consolidated financials reflect strong business ties with its parent company, BCL. The company's profitability is influenced by volatile input costs and cement price fluctuations. Despite being moderately leveraged, RCCPL maintains adequate liquidity and financial flexibility within the MP Birla Group. The company's cement industry exposure is subject to economic cycles and demand-supply dynamics, impacting its unit realizations.

Windsor Machines Ltd. has announced that its promoters, M/s Castle Equipments Private Limited, have entered into a Share Purchase Agreement with Plutus Investments and Holding Private Limited. Under this agreement, Plutus Investments will acquire 3,50,00,000 equity shares, representing 53.90% of Windsor Machines' paid-up share capital, at INR 100 per share, totaling INR 3,50,0,00,000. This transaction triggers an open offer requirement under SEBI regulations, and upon completion, Plutus Investments will be classified as the new promoter, while the current promoters will be reclassified as part of the public category.

16. Resignations

ENKEI WHEELS (INDIA) LTD. has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Jitendra Parmar, due to personal reasons. The resignation was accepted by the Managing Director, Mr. Kenjiro Hama, on June 18, 2024. Mr. Parmar will be relieved from his duties effective July 10, 2024. The company expressed immense gratitude for Mr. Parmar's contributions towards achieving the company's goals. The requisite disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been enclosed(n.d.).

India Radiators Limited has announced significant changes in its key managerial personnel. On June 19, 2024, the Board of Directors accepted the resignation of Mr. V Padmanabha Sarma from the position of Chief Financial Officer (CFO), effective June 21, 2024. Subsequently, Mr. N Umasankar, with over 30 years of experience in finance and corporate finance, has been appointed as the new CFO, effective June 22, 2024. The meeting to finalize these changes commenced at 02:45 PM and concluded by 03:00 PM on the same day at Department of Corporate Affairs BSE Limited PJ Towers Dalal Street, Fort, Mumbai -400 001.

In the document related to Arfin India Limited, it is stated that Mr. Pawankumar Lohiya has resigned from his position as Chief Financial Officer of the company, effective from the closing of business hours on June 19, 2024. The resignation was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Lohiya confirmed that there were no material reasons other than those mentioned in his resignation letter. The details of his resignation were provided as required under the regulations. (Corporate Relation Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001 Maharashtra, India. Corporate Relation Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001 Maharashtra, India, n.d.)

Quasar India Ltd has announced the resignation of Mr. Sameer Amit Shah from his position as Managing Director, effective June 19, 2024. The company has confirmed that there are no other material reasons for his resignation beyond those stated in his resignation letter.

**Mr. Sameer Amit Shah** also holds an executive directorship at Seacoast Shipping Services Limited but does not hold any memberships in board committees of listed entities.

The resignation details are provided in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No CIR/CFD/CMD/4/2015 dated September 9, 2015.

SI CAPITAL & FINANCIAL SERVICES LTD. has announced significant changes in its Board composition.

Mr. Sreeram Gopinathan Nair (DIN: 05143385) has resigned as Managing Director, effective from the close of business on 14th June 2024. Consequently, he will also step down as Chairman of the Debenture Allotment Committee and Member of the Risk Management Committee.

Additionally, Mr. Rajesh Narayan Pillai (DIN: 07585805) has resigned as Independent Director, effective from the close of business on 18th June 2023. He will also cease to be Chairman of the Audit Committee and Nomination and Remuneration Committee, and Member of the Independent Directors Committee.

The company has confirmed that there are no other material reasons for these resignations beyond those stated.

Ajel Ltd. has announced the resignation of its statutory auditor, M/s Ramesh Athasniya & Co., effective 19th June 2024. The resignation was due to severe health issues faced by the Engagement & Signing Partner. The resignation was noted by the Audit Committee and Board of Directors, who confirmed there were no other reasons for the resignation. The company is taking necessary steps to appoint a new auditor to fill the resultant casual vacancy. The Board meeting addressing this matter commenced at 5:45 PM and concluded at 6:00 PM on the same day.

17.Rights Issue

SEPC Limited has announced the outcome of its Rights Issue Committee meeting held on June 19, 2024. The committee approved the issuance of fully paid-up equity shares at Rs. 13 per share, including a premium of Rs. 3. The total number of shares to be issued is 15,38,46,153, amounting to Rs. 20,000 Lakhs, assuming full subscription. The record date for eligibility is June 25, 2024, with the rights issue period from July 5 to July 19, 2024. The entitlement ratio is six rights equity shares for every fifty-five fully paid-up equity shares held by eligible shareholders.

VIJI FINANCE LIMITED has extended its right issue offer period up to June 26th, 2024, as per the outcome of the Rights Issue Committee meeting held on June 19, 2024. The Committee decided to further extend the closing date to benefit investors. Shareholders are required to submit the duly filled CAF by June 26th, 2024.

All references to the Issue Closing Date in related documents should be considered as June 26th, 2024.

To,

National Stock Exchange of India Limited
Exchange Plaza, BandraKurla Complex
Mumbai-400001

To &

The Secretary,
The Calcutta Stock Exchange Limited
4, Lyons Range, Dalhousie,
Murgighata, B B D Bagh,
Kolkata, West Bengal 700001

The Secretary
Lyons Range
The Calcutta Stock Exchange Limited
4, B B D Bagh
700001 Dalhousie, Murgighata,
Kolkata West Bengal,
n.d.

Srestha Finvest Ltd has revised the record date for its Rights Issue to Monday, June 24, 2024, from the previously announced Friday, June 21, 2024. This adjustment is in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 68 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The company has coordinated with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services (India) Limited) to ensure that the Rights Entitlements are credited in dematerialized form to the demat accounts of eligible equity shareholders as of the new record date. This credit will occur before the issue opening date, ensuring shareholders receive their entitlements promptly.

Outcome of SEPC Limited Rights Issue Committee Meeting: On June 19, 2024, the Rights Issue Committee of SEPC Limited approved the terms for the company's Rights Issue. The record date for determining shareholders entitled to receive Rights Entitlements is set for Tuesday, June 25, 2024. The company has coordinated with NSDL and CDSL to credit the Rights Entitlements in dematerialized form to the eligible equity shareholders' Demat accounts as of the record date.

Solara Active Pharma Sciences Ltd has announced the allotment of 1,19,98,755 partly paid-up equity shares at ₹375 per share, including a premium of ₹365.

**Solara Active Pharma Sciences Limited** (2nd Floor, Admin Block 27, Vandaloor Kelambakkam Road, Keelakottaiyur Village, Melakottaiyur (Post) Chennai -600 127, India)

This follows the Rights Issue approved by the Board on July 5, 2023, and the Rights Issue Committee on May 9, 2024.

The paid-up equity share capital has increased from ₹36,00,52,670 to ₹40,20,48,313, with 3,60,05,267 fully paid-up shares and 1,19,98,755 partly paid-up shares.

The applicants paid ₹131.25 per share on application, with the remaining ₹6.50 to be paid on subsequent calls.

18. Scheme of Arrangement

Semac Consultants Ltd has disclosed under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the allotment of 50,365 equity shares of Rs 10/- each, fully paid-up, to eligible members of SCPL as of 14th June 2024. This allotment is part of a Scheme of Arrangement involving Renaissance Advanced Consultancy Limited and others. Post-allotment, the paid-up equity share capital of the company increased from Rs. 3,06,69,430 (30,66,943 equity shares) to Rs. 3,11,73,080 (31,17,308 equity shares). Further details are available on the company's website.

Dhampur Sugar Mills Ltd. has applied for reclassification of promoters to public shareholders following a Scheme of Arrangement approved by the National Company Law Tribunal. The GT Promoter Group, including key individuals and companies, intends to change their status. Names like Mrs. Asha Kumari Swarup and Mrs. Ritu Sanghi are also seeking reclassification. The company will file a separate application for their reclassification. Aparna Goel is the Company Secretary & Compliance Officer for Dhampur Sugar Mills Limited.

Astec LifeSciences Limited has announced that the Competition Commission of India (CCI) approved the Godrej Family's proposed re-alignment on 18th June, 2024. This follows the Family Settlement Agreement and a Brand & Non-Compete Agreement executed on 30th April, 2024.

The approval marks a significant step in the re-alignment process, ensuring compliance with regulatory requirements under Regulations 30 and 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For further details, refer to the press releases issued by the Competition Commission of India and the Press Information Bureau.

Godrej Properties Limited has announced that the Competition Commission of India (CCI) has approved the proposed family realignment of the Godrej Family on June 18, 2024. This approval follows the Family Settlement Agreement and a Brand & Non-compete Agreement executed between the family members, as previously intimated to the stock exchanges on April 30, 2024. The press releases regarding this approval can be accessed on the CCI and Press Information Bureau websites. This significant development is expected to impact Godrej Properties Limited's strategic direction and governance structure.

Godrej Agrovet Ltd has received approval from the Competition Commission of India (CCI) for the family re-alignment as per the intimation under Regulations 30 and 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This approval, dated June 18, 2024, follows the Family Settlement Agreement and a Brand & Noncompete Agreement executed by the Godrej Family members. The press release detailing this approval can be accessed on the Competition Commission of India's website and the Press Information Bureau's website.

Godrej Industries Ltd. has announced that the Competition Commission of India (CCI) approved the proposed family realignment on June 18, 2024. This approval follows the Family Settlement Agreement and a Brand & Noncompete Agreement executed by the Godrej Family members. The announcement was previously intimated to the stock exchanges on April 30, 2024. The press releases regarding this approval can be accessed on the official websites of the Competition Commission of India and the Press Information Bureau.

KEI Industries Limited has announced that operations at its plants in Rakholi and Chinchpada are partially affected due to a labor strike starting from June 19, 2024. The strike, driven by demands for higher wages, is expected to result in a daily production loss of approximately ₹**8 crores**. The company is actively engaging with labor contractors and workers to resolve the issue amicably. All assets are insured, ensuring minimal financial damage from the strike.

SHELTER INFRA PROJECTS LIMITED has reported the sudden demise of Mr. Samir Kumar Ghosh, a partner at M/s Basu Chanchani & Deb, who served as the statutory auditor for the company. The unfortunate event occurred on the night of May 18, 2024. The company has communicated this information to the relevant exchanges and will provide the necessary documents upon receipt. The announcement was made by Kamal Kishore Chowdhury, the Whole Time Director of the company.

Veerhealth Care Limited reported robust financial performance for FY '24, with total income reaching INR 1,461.29 lakhs and EBITDA surging to INR 200.21 lakhs, reflecting a 15.07% year-on-year growth. The company achieved an EBITDA margin of 13.70% and a profit before tax growth of 14.90% to INR 128.30 lakhs.

Exports contributed 30% of the business, contract manufacturing 55%, and brand sales 15%. The company targets a turnover of INR 100 crores by FY '27, with a focus on increasing brand contribution to 35% and maintaining export contributions at 30%.

**Veerhealth Care** has also received the US FDA Labeler Code allocation and is expanding its product lines and manufacturing capacity to meet growing demand.

Lords Ishwar Hotels Limited has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has secured a financial facility of Rs. 5 crore from Kotak Mahindra Bank Ltd. for hotel renovation purposes. This information was communicated to BSE Limited on June 19, 2023. The company emphasizes compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.