Information is Wealth. ⬇️
“Price is what you pay. Value is what you get.”
― Warren Buffett
Table of Contents
1. New Work OrderNMS Resources Global Ltd has announced a significant development under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has secured a work order for the construction of a government higher primary school at K.E.B Colony in Raichur District. This project, tendered by Bharat Electronics Limited (a Government of India enterprise under the Ministry of Defence), is valued at Rs. 2,33,44,665.32 including GST. The project is expected to be completed within 15 months from the commencement date. This update is crucial for all stakeholders of the company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d4f625e9-b0d2-439f-8941-5b82a6f19cb9.pdf |
Ceinsys Tech Ltd has received an extension of the Letter of Award from the State Water and Sanitation Mission (SWSM), Uttar Pradesh, for the Lucknow and Devipatan clusters. This extension, valid until December 31, 2024, involves Ceinsys Tech acting as a Consultant for Third Party Inspection (TPI) and Monitoring of Physical and Financial Progress through a Quality and Cost Based Selection (QCBS) process for various Rural Water Supply Projects. The initial award was received in FY 2021-22, and the contract size will depend on the contractor's actual execution value during the project duration. This extension marks the second continuation of the existing order.https://www.bseindia.com/xml-data/corpfiling/AttachLive/630375f1-8aff-4d79-9286-b7b936abfd75.pdf |
Shirpur Gold Refinery Ltd. has been admitted to the corporate insolvency resolution process by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, as per the order dated June 24, 2024. This action follows a petition filed by Prudent ARC Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The total amount of default claimed is Rs. 91,98,84,982.20, including principal and accrued interest. The company's operations are currently closed, and the moratorium under Section 14 of the IBC has been declared, prohibiting the institution or continuation of suits, transferring assets, and other actions against the company. Mr. Ashish Vyas has been appointed as the Interim Resolution Professional (IRP) to oversee the process.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c563048a-00d5-4afa-94ee-1bc6397290ca.pdf |
NBCC (India) Ltd has recently secured a work order valued at approximately Rs. 100 crore. The project involves acting as the Project Management Consultant (PMC) for the new construction and renovation of the existing RECIPMT Building at RECIPMT, Shivarampally, Hyderabad, commissioned by REC Limited. This contract is part of NBCC's routine business operations. Further details can be accessed on the company's official website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/081ca4c3-b7a0-47f3-a824-093b1e7b5734.pdf |
2. Board meetingTranswarranty Finance Limited has announced a Board of Directors meeting scheduled for Thursday, 27th June, 2024. The primary agenda includes the consideration and approval of raising funds through the issuance of secured and/or unsecured redeemable non-convertible debentures, including subordinated debt, on a private placement basis. This strategic move aims to bolster the company's financial resources and support its growth initiatives. The meeting is in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6da506a8-b027-41f3-814e-d0ddbe3139ee.pdf |
Satin Creditcare Network Ltd. has announced a meeting of its Working Committee of the Board of Directors scheduled for Thursday, June 27, 2024. The primary agenda is to consider a fund-raising proposal through the issuance of listed, secured/unsecured, non-convertible debentures on a private placement basis. This move is in accordance with Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company aims to enhance its financial resources through this strategic initiative.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3919bcf5-4f76-42af-ba47-17f91cb779ac.pdf |
3. Buy backeClerx Services Ltd. has announced a buyback of up to 1,375,000 fully paid-up equity shares, each with a face value of ₹**10**, at a price of ₹**2,800** per share. The total buyback amount will not exceed ₹**3,850 million** (excluding transaction costs such as brokerage fees, taxes, and other related expenses). The record date for determining eligible shareholders is set for July 4, 2024. The buyback process will commence on July 9, 2024, and close on July 15, 2024, with the final settlement of bids scheduled for July 22, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c73f9961-7824-4649-b85f-289fc0c39862.pdf |
eClerx Services Ltd. has announced a buyback of up to 1,375,000 fully paid-up equity shares, each with a face value of ₹**10**. The total buyback amount will not exceed ₹**3,850 million**, excluding transaction costs. The record date for determining eligible shareholders is set for July 4, 2024. |
Anand Rathi Wealth Ltd announced a buyback of up to 370,000 fully paid-up equity shares at ₹**4,450** per share, totaling ₹**164.65 crores**. The buyback, representing 0.88% of the company's paid-up equity share capital, was conducted through the tender offer route and closed on June 13, 2024. The buyback was oversubscribed 13.31 times, with 77,671 valid bids for 4,924,591 shares. Post-buyback, the company's paid-up capital reduced to ₹**2,072.91 lakhs** from ₹**2,091.41 lakhs**. The extinguishment of the bought-back shares is set to be completed by July 1, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c20f1248-7cb7-41d9-8985-cee5754a2487.pdf |
4.Listing ChangesSteelco Gujarat Ltd. has announced a significant restructuring of its capital clause as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the allotment of 47,00,000 equity shares at Rs. 10 each, totaling Rs. 4,70,0,00,000, effective from March 31, 2024. Additionally, there is a reduction of: |
PNGS Gargi Fashion Jewellery Ltd has announced an increase in its authorized share capital following a shareholder meeting on June 24, 2024. The authorized share capital has been raised from Rs. 10,00,00,000/- (Rupees Ten Crores), divided into 1,00,00,000 (One Crore) equity shares of Rs. 10/- each, to Rs. 20,00,00,000/- (Rupees Twenty Crores), divided into 2,00,00,000 (Two Crores) equity shares of Rs. 10/- each. This amendment to the Capital Clause of the Memorandum of Association reflects the company's growth and expansion plans.https://www.bseindia.com/xml-data/corpfiling/AttachLive/751925c0-fada-4018-be25-d16df91c79ac.pdf |
Spice Islands Industries Limited has officially changed its name from "Spice Islands Apparels Limited" as of June 25, 2024. This change was approved by BSE Limited, and the new name will be reflected in the exchange records from the specified date. The company communicated this update in a letter dated April 01, 2024, and confirmed the approval on June 24, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/70207e8d-1063-465f-8d35-34141f69a7b2.pdf |
Sinnar Bidi Udyog Limited has announced a Board Meeting scheduled for June 28, 2024, to discuss the voluntary delisting of its equity shares from BSE Limited. The delisting proposal, initiated by Rasbihari Enterprises Private Limited and Mr. Shrirang Kisanlal Sarda, aims to acquire all public equity shares. A due diligence report by M/s A.K. Jain & Associates will be reviewed during the meeting. The trading window for insiders will remain closed until 48 hours post the board meeting outcome announcement. |
Sinnar Bidi Udyog Ltd. has announced the voluntary delisting of its equity shares from BSE Limited. The delisting offer is initiated by Rasbihari Enterprises Private Limited and Shrirang Kisanlal Sarda, along with persons acting in concert (PACs), including Kisanlal Bastiram Sarda, Kiran Kisanlal Sarda, Shrilekha Vivek Sisodiya, and STS Exports Private Limited. The promoters collectively hold 73.40% of the company's paid-up equity share capital. The delisting aims to provide public shareholders an opportunity to realize value for their shares and reduce compliance costs. The discovered price will be determined through a reverse book-building process, and the delisting is subject to regulatory approvals and shareholder consent.https://www.bseindia.com/xml-data/corpfiling/AttachLive/4CB844A5-89F4-49F2-A693-115C95C054F7-171040.pdf |
C.E. Info Systems Ltd (MapmyIndia) has announced a strategic partnership with ClarityX, an AI-driven data analytics and consulting company, to expand its enterprise offerings. This collaboration aims to leverage ClarityX's AI-driven insights from multi-dimensional static and real-time data to enhance MapmyIndia's digital transformation solutions. The partnership will help enterprise clients optimize costs, identify new markets, and reduce risks. |
Bharat Agri Fert & Realty Ltd. is set to develop India's first 7-Star Resort on the outskirts of Mumbai under the Anchaviyo brand. The expansion includes an additional 170 rooms, a state-of-the-art banquet hall, and enhanced amenities by 2025-2026. This aligns with Prime Minister Narendra Modi's '**WED IN INDIA**' initiative. The project, estimated to cost ₹**50-55 crores**, will utilize the 120-acre freehold land at the existing Anchaviyo resort. |
6. Investor PresentationJupiter Wagons Ltd is a leading player in India's railway sector, specializing in manufacturing railway wagons, high-speed bogies, couplers, draft gears, and load bodies for commercial vehicles. The company has shown robust financial growth, with revenue increasing from INR 9,958 million in FY21 to INR 36,437 million in FY24, and EBITDA margins improving to 13.4% in FY24. |
Exhicon Events Media Solutions Ltd has demonstrated significant growth and strategic expansion in the exhibition and events industry. For the financial year ending March 31, 2024, the company reported a total revenue of ₹**89.12 crore**, marking a 48.83% year-over-year increase. EBITDA grew by 45.87% to ₹**20.13 crore**, while PAT (after minority interest) rose by 43.33% to ₹**13.09 crore**. The company has expanded its service offerings, including new verticals like sports events, corporate golf business, and helicopter rides for corporate and religious tourism. Exhicon's client retention ratio improved to 80-85%, and the team size increased to over 150 members, reflecting substantial operational scaling.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9f3bcf9-bc9c-49ad-9165-c852466481f8.pdf |
Privi Speciality Chemicals Ltd is exploring a strategic investment in Privi Fine Sciences Private Limited (PFSPL), aiming to acquire up to ₹298 Crores, equivalent to approximately 50.95% of PFSPL's issued and paid-up share capital. |
Rose Merc Ltd. announced the availability of YouTube links for their recent Investor Meet held on May 16, 2024. The presentations from all 12 associate and subsidiary companies are accessible via various social media platforms, including YouTube, Facebook, and Instagram. These presentations offer valuable insights into the companies' future directions and strategies. |
Oriental Aromatics Ltd. is a leading Indian manufacturer of aroma chemicals, camphor, fragrances, and flavors. The company, listed on both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange), reported a market capitalization of INR 10,064 million as of March 31, 2024. For FY24, the consolidated financials showed an operational income of INR 8,364 million, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of INR 470 million, and a net profit of INR 91 million. The company operates state-of-the-art manufacturing facilities in Vadodara, Bareilly, and Ambernath. A significant portion of its production is exported globally. Future CAPEX (Capital Expenditures) plans include a hydrogenation plant in Vadodara and an aroma chemicals plant in Mahad, with expected investments of INR 400-500 million and INR 1,000-1,200 million, respectively, by H1 FY25.https://www.bseindia.com/xml-data/corpfiling/AttachLive/95fd3067-ce7f-4d81-84b7-1f0d3d32c442.pdf |
Hypersoft Technologies Ltd is undergoing a significant change in management and ownership. Acquirers Mr. Narra Purna Babu and Mr. Sudhakara Varma Yarramraju have initiated a mandatory open offer to acquire up to 11,05,442 equity shares, representing 26% of the company's voting share capital, at a price of INR 11 per share. This follows their agreement to purchase 20,34,440 shares, or 47.85% of the voting share capital, from existing shareholders. The offer period is scheduled from August 1, 2024, to August 14, 2024. The company's financials for the year ending March 31, 2024, show a total income of INR 93.06 lakhs and a net loss of INR 66.97 lakhs.https://www.bseindia.com/xml-data/corpfiling/AttachLive/12BC1F0E-A81B-4FC6-9260-864C18421BD7-140616.pdf |
Shree Ajit Pulp and Paper Limited has scheduled a Board Meeting on June 27, 2024, to consider making the first and final call on 3,571,133 partly paid equity shares with a face value of Rs. 10 each, of which Rs. 6 is paid up. This action follows the rights issue as per the Letter of Offer dated January 15, 2024. The meeting will also address other related matters.https://www.bseindia.com/xml-data/corpfiling/AttachLive/38a94bf5-33d0-4eb2-a187-29f96ad5ddc7.pdf |
Beryl Securities Ltd. has scheduled a Board of Directors meeting on Monday, July 1, 2024, at 02:00 PM at their registered office in Indore, M.P. The agenda includes: |
Accel Ltd has announced a merger with its subsidiary, Accel Media Ventures Limited (AMVL). The merger, effective from April 1, 2024, involves the transfer and vesting of AMVL's undertaking into Accel Ltd. |
RPP Infra Projects Ltd has received a letter of acceptance for a new project involving the design, engineering, and construction of a new district jail with a capacity of 1026 inmates in Hathras, Uttar Pradesh, India. The project, awarded on an EPC mode, is valued at Rs. 152.11 crores including GST. This contract contributes to a total work order value of Rs. 3300 crores. The project is to be completed within 18 months. The awarding entity is the Office of the Superintending Engineer, PMGSY Circle, PWD, Agra.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2fc374f4-f835-4e27-95a4-172a22a84056.pdf |
7. Open offerSir Shadi Lal Enterprises Ltd. has been the subject of a significant acquisition by Triveni Engineering and Industries Limited. The acquirer aims to control the company by purchasing up to 13,65,000 equity shares, representing 26% of the voting share capital. |
Jagsonpal Finance & Leasing Ltd. is the target of an open offer by Karthik Srinivasan, aiming to acquire up to 14,30,104 equity shares, constituting 26% of the company's voting share capital, at a cash offer price of Rs. 12.50 per share. This offer is triggered by a direct share purchase agreement where Srinivasan acquired 30,77,010 shares, representing 55.94% of the total equity, for Rs. 3,84,62,625. The acquirer has no pre-transaction holdings and post-acquisition will hold 55.95% of the shares. The offer is not conditional on any minimum level of acceptance and there is no intention to delist the company's shares.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9916CB9E-146C-4A8E-BADD-9CA458EA565E-150051.pdf |
Sir Shadi Lal Enterprises Ltd. is undergoing an open offer for the acquisition of up to 13,65,000 fully paid-up equity shares, representing 26% of its voting share capital, by Triveni Engineering and Industries Limited. The offer price is set at INR 262.15 per share, totaling INR 35,78,34,750. The acquirer has already deposited the full consideration into an escrow account. Additionally, the acquirer has acquired 19,07,743 shares from the erstwhile promoters at INR 235 per share, amounting to INR 44,83,19,605, increasing its stake to 61.77% of the voting share capital. Post-offer, assuming full acceptance, the acquirer's shareholding could rise to 87.77%.https://www.bseindia.com/xml-data/corpfiling/AttachLive/D40F18CB-8D0A-4C38-9CA8-D8DDF7E792A8-123906.pdf |
8. Preferential BasisAU Small Finance Bank Ltd. has scheduled a Board Meeting on June 27, 2024, to discuss the raising of funds through: |
VEDAVAAG SYSTEMS LTD. has announced a Board meeting scheduled for June 28, 2024, at 04:30 P.M. to discuss a proposal for fundraising through preferential allotment to Non-Promoter's and/or Promoter Group. This proposal is subject to the approval of the shareholders and necessary regulatory/statutory approvals. Additionally, the meeting will address any other items with the permission of the chair.https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6d746ec-dfd3-4ba1-b68e-1df58666ac07.pdf |
Regency Fincorp Ltd held a Board Meeting on 24th June 2024 from 2:00 P.M. to 3:30 P.M. via video conferencing. The Board approved the allotment of 5,553,350 equity shares on a preferential basis at an issue price of Rs. 20/- per share (including Rs. 10/- as premium). The allotment was made to investors who accepted the Letter of Offer and made payments within the offer period from 19th June 2024 to 21st June 2024. The allottees include Maxbio Biosciences Private Limited (750,000 shares), Resimpex Real Estate Private Limited (3,570,000 shares), Regency Digitrade Investments Private Limited (233,350 shares), and Mrs. Neha Abrol (1,000,000 shares).https://www.bseindia.com/xml-data/corpfiling/AttachLive/81c0460b-6b95-4555-9440-0b4f13416f29.pdf |
PANJON LTD. has scheduled a Board Meeting on June 28, 2024, at 2:00 PM to consider and approve the conversion of 8,55,000 convertible warrants into 8,55,000 Equity Shares at a price not less than Rs. 15/- each on a preferential basis to Mr. Jay Kothari, Managing Director and Promoter. This follows a special resolution passed in the Annual General Meeting on September 18, 2023, and the "In Principal Approval" from BSE dated January 20, 2024. Additionally, the Board will discuss making a necessary Listing Application to BSE(To, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/da40cf85-87b0-4543-953d-a8bd8fe77114.pdf |
Hariom Pipe Industries Ltd has announced the allotment of 2,093,825 equity shares following the conversion of warrants issued on a preferential basis. The conversion was approved by the Board of Directors upon receiving a total of INR 54,17,77,218.75 as the warrant exercise price. This allotment increases the company's paid-up equity share capital to INR 30,95,89,510, comprising 30,958,951 equity shares of INR 10 each. The new equity shares will rank pari-passu with the existing shares. The detailed list of allottees includes promoters and other investors, with the largest allotment going to Malabar India Fund Limited.https://www.bseindia.com/xml-data/corpfiling/AttachLive/880e3d4b-8881-40e6-ba76-98b91559180b.pdf |
Regency Fincorp Ltd held a Board Meeting on 24th June 2024, concluding at 3:30 P.M. The Board approved the allotment of 5,553,350 Equity Shares on a preferential basis at an issue price of Rs. 20/- per share (including Rs. 10/- as premium). The allotment was made to investors who accepted the Letter of Offer and made payments within the offer period from 19th June 2024 to 21st June 2024. Key allottees include Maxbio Biosciences Private Limited (750,000 shares), Resimpex Real Estate Private Limited (3,570,000 shares), Regency Digitrade Investments Private Limited (233,350 shares), and Mrs. Neha Abrol (1,000,000 shares).https://www.bseindia.com/xml-data/corpfiling/AttachLive/8773d581-8cce-4971-b030-ed01ce55ff39.pdf |
Captain Technocast Ltd has submitted a PCS Certificate to BSE Limited, confirming compliance with SEBI regulations for a proposed preferential allotment. The certificate, dated June 24, 2024, verifies that none of the 17 proposed allottees have sold any equity shares in the 90 trading days preceding the relevant date and that their pre-preferential shareholding is locked in as per SEBI guidelines. The company has adhered to Chapter V of SEBI (ICDR) Regulations, 2018, and other statutory requirements, ensuring no legal restraints on issuing the proposed securities. The preferential issue aligns with the company's Memorandum and Articles of Association, with the price of equity shares determined per valuation requirements.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d673ed93-8dbf-4469-beb4-046357d5eb27.pdf |
9. Media releasesAayush Wellness Limited (formerly known as Aayush Food and Herbs Limited) has launched a new herbal product aimed at transforming the chewing habits of India's 27.49 crore Gutka and Pan Masala consumers. The innovative Aayush Tobacco-free Herbal Pan Masala & Gutka is designed to be a healthier alternative, free from tobacco and supari, and priced competitively at Rs. 7 per serving. This product is a blend of natural herbs and ayurvedic ingredients like Kaunch Beej, Tamarind, Amla, Turmeric, and Ashwagandha, offering digestive benefits and a delightful sensory experience. The initiative aligns with the "Swacch Bharat" mission by promoting a spit-free and non-addictive option, aiming to reduce the health risks and environmental impact associated with traditional Gutka and Pan Masala consumption.https://www.bseindia.com/xml-data/corpfiling/AttachLive/5541ae6a-f0db-4add-86ac-04ed18131f1c.pdf |
Satin Creditcare Network Ltd. has announced the appointment of Mr. Joydeep Datta Gupta as an Independent Director, effective June 24, 2024. Mr. Gupta, a seasoned Chartered Accountant, brings over three decades of experience in the service sector. He has held significant leadership roles at major Big Four firms. |
Subex Ltd. has been recognized in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations, marking a significant milestone for the company. This recognition underscores Subex's commitment to delivering innovative AI solutions that empower Communication Service Providers (CSPs) to thrive in the digital age. |
Amara Raja Energy & Mobility Ltd has announced a strategic technology collaboration with Gotion-InoBat-Batteries (GIB) to license technology for prismatic and cylindrical cells. This agreement allows Amara Raja to manufacture world-class LFP cells, enhancing their Gigafactory capabilities and R&D center, 'e+ Energy Labs'. The company has committed an investment of Rs 9,500 crores to establish the Amara Raja Giga Corridor in Telangana. This partnership aims to keep their products competitive through continuous improvements in cell performance and process efficiencies. |
NIIT Learning Systems Ltd has been recognized among Training Industry's Top 20 Learning Services Companies for 2024, marking its sixteenth consecutive year on this prestigious list. The company, a global leader in managed learning services, offers comprehensive solutions including custom content, curriculum design, learning delivery, and strategic consulting. NIIT MTS serves leading companies in over 30 countries, boasting a Net Promoter Score of 9/10 and a 100% renewal rate. Their high-impact managed learning services integrate learning theory, technology, and operations to foster a thriving workforce.https://www.bseindia.com/xml-data/corpfiling/AttachLive/38812e26-2f3e-4241-bd6a-d7145c3e14eb.pdf |
Adani Ports and Special Economic Zone Ltd (APSEZ) has been recognized in the Institutional Investor Asia Executive Survey, ranking 2nd in the transportation sector and 1st in Investor Relations (IR) and Environmental, Social, and Governance (ESG) programs. |
Sun Pharmaceutical Industries Ltd. has successfully completed the merger of Taro Pharmaceutical Industries Ltd. with its subsidiary, acquiring all outstanding ordinary shares of Taro not already held by Sun Pharma or its affiliates. This merger, finalized on June 24, 2024, transitions Taro into a private company wholly owned by Sun Pharma, which has been the majority shareholder since 2010. The combined entity is now better positioned to compete in the increasingly competitive generics industry, leveraging each other's strengths and capabilities to create a more robust and successful future. |
Le Travenues Technology Ltd (ixigo) has announced an expansion of its exclusive partnership with PhonePe, India's leading fintech platform. This collaboration will now include flight and bus bookings in addition to the existing train booking services. The partnership aims to benefit over 540 million PhonePe users by integrating services from ixigo Flights, AbhiBus, and ConfirmTkt, offering comprehensive travel booking options. Users will enjoy advanced features like ixigo Assured (Free Cancellation) and instant refunds. This move is expected to significantly enhance travel booking accessibility and convenience, particularly for users in Tier 2 and Tier 3 cities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1fbd073-5a32-4208-8c6a-437a5e40ae40.pdf |
Satin Creditcare Network Limited (SCNL), a leading microfinance institution in India, has expanded its operations to Nagaland. This strategic move, announced on June 24, 2024, makes SCNL the first major MFI to enter Nagaland, with its first branch in Dimapur. |
Century Textiles & Industries Ltd. has announced that its wholly-owned subsidiary, Birla Estates Private Limited, is expanding its presence in Pune with the acquisition of a 16.5-acre land parcel in Manjri. This development, part of an Integrated Township, will offer residential housing with a revenue potential of INR 2,500 Cr and a development potential of approximately 32 lakh sq ft. The project is strategically located on the Pune-Solapur Highway, providing seamless connectivity to key IT hubs and the Hadapsar MIDC. This acquisition aligns with Birla Estates' ambitious growth plans and commitment to enhancing living standards through meticulously designed homes and thoughtfully chosen amenities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ea0dfa1a-37d4-4649-9571-023c8f2be07b.pdf |
EaseMyTrip Expands with First Offline Store in Bhopal: On June 24, 2024, EaseMyTrip, a leading travel tech platform in India, announced the launch of its first franchise store in Bhopal, marking its 16th store nationwide. This strategic move aims to enhance its offline presence and cater to customer demands through a franchising model. The new store, located in Maharana Pratap Nagar Zone 2, offers a comprehensive range of travel services, including flight and hotel reservations, bus and railway tickets, luxurious vacation packages, and visa assistance. |
Hilton Metal Forging Ltd has launched a new product, the Wagon Axle for Railway Wagons, targeting domestic railway coach and wagon manufacturers. The company reported a total income of ₹139.9 crore and a net profit of ₹6.68 crore for FY2023-24, showing a 32.7% and 14.1% increase respectively from the previous year. The board has approved a proposal to raise funds up to ₹100 crore through additional equity issuance, increasing the paid-up capital from ₹25 crore to ₹35 crore. |
Route Mobile Ltd has enabled WhatsApp-based ticketing for metro services in Nagpur, Pune, Hyderabad, and Delhi, becoming the largest enabler for such services in India. Partnering with Billeasy, Route Mobile now serves over 75 lakh commuters daily. The service, first launched for Delhi Metro in 2023, allows users to book tickets via WhatsApp by selecting stations, making payments, and receiving tickets directly through the app. This solution, developed in Route Lab, showcases Route Mobile's capability in creating advanced, user-friendly, and secure ticketing solutions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/26bf7c56-f881-45a2-9b8b-e6751a0251ef.pdf |
IndusInd Bank Ltd. has launched the Anthem Buddies programme during the ICC Men’s T20 World Cup 2024 in the USA and West Indies, offering a unique experience for cricket fans. The program allowed children to accompany cricket teams onto the field for the national anthems, selected through a social media contest based on creative cricket slogans submitted by parents. |
Marico Ltd. has announced the launch of Saffola Muesli with Flavour Pops, expanding its breakfast portfolio. The new range includes three variants: Kesar Crunch, Berry Crunch, and Choco Crunch. These mueslis are designed to make breakfast enjoyable with a burst of flavor and crunch. |
Larsen & Toubro Ltd. has secured a significant order to construct a 185MW Solar PV Plant combined with a 254MWh Battery Energy Storage System (BESS) in Kajra, Bihar. This project is a crucial part of Bihar's renewable energy strategy, aimed at sustainable energy solutions and climate change mitigation. The BESS will store solar energy during low-demand periods and discharge it during peak demand, aiding in generation fluctuation smoothing, frequency regulation, and voltage support. This addition enhances L&T's Renewable EPC portfolio, which already includes 18 GWp of solar and wind projects and over 1.5 GWh of storage capacity. (Limited, n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/0fdce854-b138-4c56-b750-13df3931cfed.pdf |
Hero MotoCorp Ltd. will implement an upward revision in the ex-showroom prices of select motorcycles and scooters starting July 1, 2024. The price increase will be up to Rs. 1,500, varying by specific model and market. This adjustment is necessary to partially offset the impact of higher input costs. For further details, visit the Hero MotoCorp website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1162739-acf0-4054-8a63-aed2bebd2bd1.pdf |
MAS Financial Services Ltd has successfully raised ₹**500 crores** through a Qualified Institutional Placement (QIP) on June 24, 2024. This marks the company's first equity raise since its IPO in 2017, receiving an overwhelming response from a diverse group of marquee institutional investors. The QIP, priced at ₹**286.25** per share with a face value of ₹**10 each**, includes a green shoe option of ₹**100 crores**. Post-allotment, the total number of paid-up equity shares stands at 18,14,53,377. Key investors include domestic mutual funds like Nippon India and ICICI Prudential, insurance companies such as Bajaj Life Insurance, and foreign institutions like Samsung Asset Management.https://www.bseindia.com/xml-data/corpfiling/AttachLive/78f2fc85-14d7-48f9-816d-b0d57ab81088.pdf |
Infibeam Avenues Ltd announces significant collaboration with Entrepreneurship Development Institute of India (EDII) to enhance AI adoption among enterprises, MSMEs, and start-ups. This partnership includes the deployment of the THEIA Platform and the AI Facility Manager at the EDII campus, aimed at improving business efficiency and capabilities. |
One 97 Communications Ltd, the parent company of Paytm, has announced significant growth in its travel segment, driven by strategic partnerships and innovative travel solutions. In Q4'24, Paytm's flight bookings surged by approximately 19%, outpacing the industry's growth of around 3%. The company has also become the second-largest OTA in train bookings. Paytm has enhanced customer experience with features like guaranteed seat assistance and easy tatkal bookings. Additionally, Paytm has expanded its international travel inventory by onboarding airlines such as Cambodia Angkor Air, SalamAir, and FlyDubai. The introduction of a Free Cancellation service has seen high growth in trains and buses, followed by flights, offering customers greater flexibility and peace of mind.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1a9a778-64c1-40a4-80f1-7d9613f7e44b.pdf |
Vishnu Prakash R Punglia Limited has been awarded a significant contract by the Public Works Department Sarvana, Bicholim, Goa for the construction of a 15 MLD water treatment plant at Morlem, Sattari. This project includes the construction of reservoirs and the laying of rising and conveying mains in various village panchayats such as Morlem, Poriem, Pissurlem, Honda, and Querim of Sattari taluka. The total value of the contract is Rs. 678.18 million. This achievement underscores the company's expertise and commitment to delivering high-quality infrastructure projects.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ae36c54-b576-4fa2-8f9e-227ff42d0a80.pdf |
Aayush Wellness Limited (formerly known as Aayush Food and Herbs Limited) has launched a new product, Aayush Herbal Pan Masala, on June 24, 2024. This product falls under the health and herbal products category and is targeted at the domestic market. |
RBL Bank Ltd has scheduled a Board Meeting on June 27, 2024, to consider key proposals for the upcoming Annual General Meeting (AGM). The agenda includes raising funds through a Qualified Institutional Placement (QIP) in line with the Companies Act, 2013, and SEBI regulations. Additionally, the Board will discuss issuing debt securities on a private placement basis, valid from the date of the ensuing AGM until the next AGM. These proposals aim to secure enabling approval from the Bank's Members at the AGM. |
Borosil Limited has initiated a Qualified Institutions Placement (QIP) of equity shares with a face value of ₹1 each to qualified institutional buyers. The Management Committee approved the opening of the issue on June 24, 2024, and set the floor price at ₹331.75 per share, based on SEBI ICDR Regulations. The company may offer a discount of up to 5% on the floor price, with the final issue price determined in consultation with the lead manager. The preliminary placement document was filed with BSE and NSE on the same day. The trading window for designated persons remains closed until 48 hours after the issue price is determined.https://www.bseindia.com/xml-data/corpfiling/AttachLive/aa158129-ca7c-4354-b768-901b27493f10.pdf |
9. AcquisitionPrivi Speciality Chemicals Ltd has announced the outcome of its Board Meeting held on June 24, 2024. The company is considering a strategic investment in Privi Fine Sciences Private Limited (PFSPL), aiming to acquire approximately 50.95% of PFSPL's equity shares for up to ₹298 crores. This acquisition is intended to support PFSPL's project to convert biowaste into value-added products. |
CIAN Agro Industries & Infrastructure Ltd has disclosed an investment in 581 equity shares of Manas Power Ventures Private Limited, each valued at Rs. 10 with a premium of Rs. 11,00,420 per share, totaling Rs. 63,93,49,830. This transaction, executed through a preferential issue, involves the conversion of optionally convertible debentures (OCD) into equity shares. |
Swan Energy Limited (SEL) has approved the acquisition of 26,21,50,000 equity shares of Rs. 10 each of Triumph Offshore Private Limited (TOPL), representing 49% of TOPL's total equity, from Indian Farmers Fertiliser Cooperative Limited (IFFCO) for Rs. 440 Crore. |
Ashok Leyland Ltd. has made an investment of Rs. 1 lakh on June 24, 2024, towards the initial subscription in Ashok Leyland Foundation (AL Foundation), a wholly owned subsidiary incorporated under Section 8 of the Companies Act, 2013, on February 11, 2024. The AL Foundation, a non-profit organization, aims to fulfill the social and philanthropic obligations of Ashok Leyland Ltd. and other entities with Corporate Social Responsibility (CSR) commitments. The acquisition was completed with a cash consideration of Rs. 10 per share, resulting in 100% shareholding by Ashok Leyland Ltd. No governmental or regulatory approvals were required for this acquisition.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d6e5bb4a-27d7-4072-abd5-47815517cf18.pdf |
11. Credit RatingSpandana Sphoorty Financial Ltd has received an upgraded credit rating from India Ratings & Research. The company's long-term bank loans and non-convertible debentures have been moved from IND A to IND A+/Stable, with a rated amount of INR 20 billion and INR 19.05 billion respectively(n.d.). |
Godrej Properties Ltd has received reaffirmed and assigned credit ratings from CRISIL Ratings Limited and ICRA Limited as of June 24, 2024. CRISIL has reaffirmed/assigned an A1+ rating for the company's commercial paper, which has been enhanced to ₹2,500 crore from ₹2,000 crore. Similarly, ICRA has reaffirmed/assigned an A1+ rating for the same amount. Additionally, ICRA has reaffirmed a [**ICRA**] AA+ (Stable) rating for the company's long/short-term fund-based/non-fund-based bank facilities amounting to ₹11,000 crore and non-convertible debentures worth ₹4,000 crore. (Mumbai -400 079. India, Mumbai -400 001. BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/1749667c-67b7-4b23-a2cc-283f385c026b.pdf |
UCAL Limited has announced a revision in its credit rating under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's long-term bank facilities, previously rated CRISIL BBB/Stable, have been downgraded to CRISIL BBB-/Stable. This change reflects a reassessment by CRISIL Ratings Limited, indicating a slight decline in the company's creditworthiness while maintaining a stable outlook. The detailed rating rationale can be accessed on the CRISIL Ratings website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7029cc4-341a-4aa1-96c6-847572f7df83.pdf |
Manaksia Coated Metals & Industries Ltd has received an upgraded credit rating from ACUITE Ratings & Research Limited. The total bank loan facilities rated amount to Rs. 363 Crore. The long-term rating has been upgraded to ACUITE A- with a stable outlook, while the short-term rating has been upgraded to ACUITE A2+. This rating action reflects the company's improved creditworthiness and financial stability. |
Craftsman Automation Limited has entered into a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions Private Limited and Kedaara Capital Fund II LLP for acquiring the whole or part of Sunbeam's business, excluding certain specific assets situated in Gurugram. The completion of this proposed transaction is contingent upon due diligence, final board approval, execution of definitive documents, and other customary legal conditions. Detailed disclosures as per Schedule III of the Listing Regulations will be submitted post the execution of necessary agreements.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9060b42c-3d1a-4c61-a155-5ff6c7ec3074.pdf |
Catvision Limited has announced the approval from the Ministry of Information and Broadcasting (Government of India) to downlink and broadcast the "ABC Australia" Channel, operated by the Australian Broadcasting Corporation. |
Delta Corp Ltd. has updated its disclosure dated May 8, 2024, regarding its strategic partnership with Alpha Alternatives Fund Advisors LLP and Peninsula Land Limited to establish a real estate development platform. The company has acquired 11.76% of the equity share capital in Harborpeak Real Estate Private Limited (HREPL) as part of this platform. |
Peninsula Land Limited has entered into a strategic partnership with Alpha Alternatives Fund Advisors LLP and Delta Corp Limited to establish a real estate development platform. The company has completed the preferential allotment of 2,65,48,672 unsecured, unlisted optionally convertible debentures to Arsenic Strategies Private Limited. Additionally, Peninsula Land Limited has acquired 29.42% of the equity share capital in Harborpeak Real Estate Private Limited (HREPL) as part of this platform. The acquisition, completed on June 24, 2024, involved 2,942 equity shares at a face value of Rs. 10 each, totaling Rs. 29,420. HREPL will focus on residential re-development projects in India.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ea4ac85-f7ae-4410-b5e9-6226df7d55bb.pdf |
Bharat Parenterals Ltd announces strategic acquisitions to enhance synergies and unlock growth potential. The company acquired an additional 99,85,477 equity shares of Innoxel Lifesciences Pvt Ltd, increasing its stake to 55.89%. BPL plans to leverage Innoxel's state-of-the-art manufacturing capabilities. Additionally, BPL will acquire 100% equity of Varenyam Healthcare Pvt Ltd by issuing 3,51,255 of its own shares, aiming to enhance control and operational efficiency. Furthermore, BPL proposes to acquire an additional 18,00,000 equity shares of Varenyam Biolifesciences Pvt Ltd, raising its stake to 100%, with the facility expected to be operational by 2027-28. These acquisitions align with BPL's long-term growth strategy and commitment to expanding its market presence and manufacturing capabilities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8bf42cf9-c2cb-4874-b9fe-e02db0fc7046.pdf |
Restaurant Brands Asia Limited (formerly known as Burger King India Limited) has announced a significant investment in its subsidiary, PT Sari Burger Indonesia. On June 24, 2024, the company subscribed to 40,000 redeemable cumulative non-convertible preference shares at a nominal value of IDR 10,00,000 per share, totaling IDR 40 billion. This strategic move aims to bolster its presence in the Indonesian market and enhance its financial portfolio. The details of this subscription were previously communicated to the stock exchanges on June 19, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f4f70283-8364-4c34-a016-d5acc7fb8489.pdf |
IKIO Lighting Ltd has announced the resignation of Chief Financial Officer (CFO) and Key Managerial Person (KMP), Mr. Subhash Chand Agrawal. The resignation was tendered on May 28, 2024, and his last working day will be June 30, 2024. Mr. Agrawal is leaving to pursue professional goals outside the organization. The company has acknowledged his contributions, including handling a successful IPO during his tenure of around two and a half years. The transition process will be managed to ensure continuity in finance operations.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d69fb9e-be7d-4a4a-b03c-ad81647b1c38.pdf |
Rajath Finance Private Limited has received a resignation letter from A. D. Vyas & Co., the statutory auditors, dated June 22, 2024. The resignation is due to the auditors' pre-occupation with other assignments, making it impossible for them to continue their duties for the financial year 2024-25. The auditors have requested immediate acceptance of their resignation and an acknowledgment for the submission of Form ADT-3 to the MCA.https://www.bseindia.com/xml-data/corpfiling/AttachLive/b87085f2-ba05-4693-80e7-3ba2f53afec1.pdf |
MBL Infrastructure Ltd has scheduled a Board of Directors meeting on June 27, 2024, to consider issuing equity shares to a Promoter Group entity and non-convertible debentures to banks as part of a Resolution Plan approved under IBC, 2016. The 'Trading Window' for dealing in the company's equity shares will be closed from June 25, 2024, to June 29, 2024, and again from July 1, 2024, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3d37c1ab-6a92-4f04-9c0b-0fff79c05d31.pdf |
DMR Hydroengineering & Infrastructures Ltd has scheduled a Board Meeting on July 01, 2024, to consider and approve the issuance of equity shares through a Rights Issue. In compliance with the Company's Code of Conduct for the prevention of Insider Trading, the trading window for dealing in the company's equity shares will be closed from July 01, 2024, and will remain closed until 48 hours after the outcome of the Board Meeting is filed with the Stock Exchange.https://www.bseindia.com/xml-data/corpfiling/AttachLive/987bf554-31c7-42f1-9deb-70c2a85fcbd6.pdf |
Jagsonpal Finance & Leasing Ltd. has announced that the existing Promoter and Promoters Group will execute a Share Purchase Agreement (SPA) to sell their entire shareholding of 3,077,010 shares, representing 55.94% of the company, to Mr. Karthik Srinivasan. This transaction will be completed after obtaining the necessary regulatory approvals. This significant change in ownership was decided at the Board Meeting held on June 24, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/36ad90aa-a333-4cdc-ab6e-8e2038967ee7.pdf |
APCOTEX INDUSTRIES LTD. has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it received a Show Cause Notice (SCN) from the Joint Commissioner of Sales Tax (Appeal), Raigad Division, Navi Mumbai, Maharashtra. The notice pertains to an order under the Maharashtra Goods and Service Tax Act, 2017, demanding a tax of Rs 16,530, interest of Rs 20,084, and a penalty of Rs 52,604 for the financial year 2017-18. The company had claimed Input Tax Credit (ITC) after the due date of September 2018 until March 2019. |
12. Call TranscriptAmbuja Cements Ltd has announced the acquisition of Penna Cement Industries Limited for INR 10,422 crores, funded entirely from internal accruals. This acquisition adds 14 million tons of cement capacity, with 10 million tons operational and 4 million tons under construction, boosting Ambuja Cement's operational capacity to 89 million tons. The acquisition includes five bulk cement terminals and a 25,500-ton self-discharging cement carrier, enhancing Ambuja's coastal logistics strategy. The deal is expected to increase Ambuja's South Indian market share from 8% to 15% and Pan-India market share by 2%. The company aims to achieve a 15% return on capital employed (ROCE) by 2027, with significant cost efficiencies and strategic expansions planned.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d78bacb8-6c6f-47db-a781-bb3901dc7b28.pdf |
Meson Valves India Ltd reported significant growth in H2 FY24, with total revenue increasing to INR 43.38 crores and an EBITDA of INR 10.83 crores, reflecting a robust margin of 24.96%. The company's PAT stood at INR 6.44 crores, with a PAT margin of 14.85%. For the full fiscal year FY24, total revenue was INR 63.32 crores, with an EBITDA of INR 14.95 crores and a PAT of INR 9.05 crores. |
Tiger Logistics (India) Ltd held its Q4 & FY24 Earnings Conference Call on 18th June 2024. The company reported a 17% increase in overall volume growth despite facing challenges like the Red Sea crisis and port congestion. The FreightJar platform saw significant success, registering over 250 new customers and launching its second version. The company's revenue for FY24 was ₹**24,026 lakhs**, down from ₹**43,335 lakhs** in the previous year, primarily due to lower freight rates. The import business, particularly in electronic goods and polyester fabrics, is growing, contributing to a more balanced revenue mix. The company remains optimistic about future growth, driven by digital initiatives and expanding footprints in various sectors.https://www.bseindia.com/xml-data/corpfiling/AttachLive/79a1ac27-b524-405c-8d07-e3017cdd4fac.pdf |
Ambuja Cements Ltd has announced the acquisition of Penna Cement Industries Limited for INR 10,422 crores, funded entirely from internal accruals. This acquisition adds 14 million tons of cement capacity, increasing Ambuja's operational capacity to 89 million tons, with an additional 4 million tons under construction to be completed within 12 months. |
Swan Energy Ltd. has announced the acquisition of 49% equity shares of Triumph Offshore Private Limited (TOPL) from Indian Farmers Fertiliser Cooperative Limited (IFFCO). The acquisition involves the purchase of 26,21,50,000 equity shares at Rs. 10 each, totaling Rs. 440 Crore. Swan Energy Ltd. has already completed the payment of the first tranche amounting to Rs. 400 Crore. The remaining balance is to be paid in due course. (Department of Corporate Compliances, Listing Department, National Stock Exchange Limited, Bombay Stock Exchange Limited, Exchange Plaza, Plot No. C/1, G Block, Department of Corporate Compliances, Bombay Stock Exchange Limited, Exchange Plaza, Plot No. C/1, G Block, Listing & P.J. Tower, Dalal Street, Fort, Bandra -Kurla Complex, Bandra-east, Mumbai -400 001, Mumbai -400 051.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/c1be690e-a764-44cc-bdd5-0932a6a0225b.pdf |
Cian Healthcare Ltd has successfully withdrawn the Corporate Insolvency Resolution Process (CIRP) initiated against it. The case, titled "Shreeji Pharmachem Vs M/s Cian Healthcare Limited" (Case No: IA 3161 of 2024 in C.P. (IB)/149(MB)2022), was resolved following a settlement between the parties before the constitution of the Committee of Creditors (CoC). The National Company Law Tribunal (NCLT), Mumbai Bench, issued an order on June 20, 2024, allowing the withdrawal under Section 12A of the Insolvency and Bankruptcy Code (IBC) and Regulation 30A(1)(a) of the CIRP Regulations. |
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