NSE BSE Stock Updates - Business Announcements, a deep analysis

1. New Work Order

Tantia Constructions Ltd. has received a significant order valued at ₹7,39,74,233.12 from the Government of Tripura. The contract involves the construction of seven residential quarters for Judicial Officers at various grades in Kailashahar, Unakoti District, Tripura. The project includes building portions, internal water supply, sanitary installations, sewage, drainage works, an underground tank, boundary wall, and internal electrification works. This order, dated 20th June 2024, is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fabc5459-9ebd-429b-b786-990f838d2232.pdf

Remedium Lifecare Ltd has secured a significant multi-year supply contract from Aster Biotech Limited, a pharmaceutical distribution company based in the United Kingdom. The contract, spanning from July 2024 to June 2027, involves the supply of Active Pharmaceutical Ingredients (APIs), Intermediates, and Specialty Chemicals. The value of supplies for the first year alone, from July 2024 to June 2025, is estimated at INR 175 crore. This contract is expected to enhance the company's revenue and market presence in the international pharmaceutical sector.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f47f9eb9-8bed-4796-8fde-9f0219def0e2.pdf

NTPC Ltd. has announced a Board of Directors meeting scheduled for June 29, 2024, in New Delhi to consider the issuance of secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (Bonds/NCDs) up to Rs. 12,000 Crore. This decision is subject to shareholder approval at the upcoming Annual General Meeting. This strategic move aims to raise significant funds to support the company's financial and operational objectives.https://www.bseindia.com/xml-data/corpfiling/AttachLive/b3b7eb35-c389-48f0-9982-f57ec2c7bfb6.pdf

2. Bonus issue

Aartech Solonics Ltd has announced a postal ballot seeking shareholder approval for several key resolutions. These include the sub-division of equity shares from a face value of Rs. 10 each to Rs. 5 each, increasing the authorized share capital from Rs. 15 crore to Rs. 25 crore, and issuing bonus shares in a 1:2 ratio. Additionally, the company seeks approval for material related party transactions estimated at Rs. 10 crore for FY 2024-25 and authorization to provide loans or guarantees up to Rs. 10 crore to subsidiaries or related entities. The e-voting period for these resolutions is from June 27, 2024, to July 26, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8cac1029-dc40-49d1-9d25-e95aa27df38c.pdf

3. Buy back

eClerx Services Ltd. has announced a buyback of up to 1,375,000 fully paid-up equity shares, representing 2.80% of its total paid-up equity share capital, at a price of ₹2,800 per share. The total buyback size is ₹3,850 million, which is 24.98% and 18.38% of the company's aggregate paid-up equity share capital and free reserves based on the latest audited standalone and consolidated financial statements as of March 31, 2024. The buyback will be conducted through a tender offer route, with 15% of the shares reserved for small shareholders. The buyback aims to return surplus funds to shareholders, improve return on equity, and achieve an optimal capital structure.https://www.bseindia.com/xml-data/corpfiling/AttachLive/167eef1f-78c1-4ef4-a6d6-d47167951ae2.pdf

Mish Designs Ltd has announced an increase in its authorized share capital from Rs. 3,00,00,000 to Rs. 3,40,00,000. This change was approved during an Extraordinary General Meeting (EGM) held on June 21, 2024. The revised share capital is divided into 33,00,000 Equity Shares of Rs. 10 each and 1,00,000 Preference Shares of Rs. 10 each. This alteration is reflected in the Memorandum of Association (MOA) of the company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c39fa87e-1ccd-48b5-b86d-609d1736cd06.pdf

EIMCO ELECON (INDIA) LTD. reported its highest-ever revenue of Rs. 227.28 Crore for the financial year 2023-24, marking a 31.60% increase from the previous year's Rs. 172.70 Crore. The net profit after tax surged by 94% to Rs. 40.41 Crore compared to Rs. 20.87 Crore in 2022-23. Significant achievements include securing large orders for Continuous Miner (CM) Packages and a commitment to sustainable practices such as tree plantation, 3R Technology for waste management, and the use of windmills for clean energy. The company also recommended a 50% dividend for the year and highlighted the promising future of the underground mining equipment market driven by robust domestic demand and government initiatives like 'Make in India'(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/b71a1974-1c5c-4953-bc79-85aed6a1d7eb.pdf

4. Commercial operation

Gulshan Polyols Ltd. has announced the commencement of commercial operations at its 250 KLPD capacity grain-based ethanol plant located in Goalpara, Assam. This milestone, disclosed under Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows an earlier intimation dated June 07, 2024. The company emphasizes that this disclosure is made with abundant caution and compliance(Tyagi, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/94d82b9a-f097-4d54-bcdc-9dee193542b7.pdf

6. Divestment

Ravindra Energy Ltd has announced the divestment of its stakes in several subsidiaries as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiaries include Ravindra Energy MHSP LLP (99% stake), REL Kumbhari Solar Project 1-10 Private Limited (51%-100% stakes), and REL Wardha Solar Project 1-5 Private Limited (100% stakes). The company has entered into agreements with HEXA CLIMATE SOLUTIONS PRIVATE LIMITED on June 24, 2024, with an expected completion date of September 30, 2024. The total consideration for the sale is Rs 6970 crores. The transaction is not a related party transaction and does not fall under the meaning of a slump sale.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e23120ac-23fc-449c-978c-f3734e457b1e.pdf

TARC Limited has scheduled a Board of Directors meeting on June 28, 2024, to consider several key proposals. These include providing loans, guarantees, or securities under Sections 185 and 186 of the Companies Act, 2013, and the potential pledge, divestment, dilution, or disposal of the company's investments or assets as per Regulation 24 of the Listing Regulations. Additionally, the board will discuss the issuance of secured, listed, rated non-convertible debentures (NCDs) on a private placement basis under Section 42 of the Companies Act, 2013, and related SEBI regulations. An Extra-Ordinary General Meeting will also be convened to seek shareholder approval for these proposals.https://www.bseindia.com/xml-data/corpfiling/AttachLive/39921c57-e22b-4f3a-83f0-7bcb5eff1eac.pdf

7. FDA Inspection

Alkem Laboratories Ltd has announced the closure of a US FDA inspection at its manufacturing facility in Baddi, India. The inspection, initially reported on March 27, 2024, has been classified as Voluntary Action Indicated (VAI) by the US FDA, and an Establishment Inspection Report (EIR) has been issued. This classification indicates that while some issues were identified, they are not significant enough to warrant regulatory action, and the inspection has been officially closed.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb1e9a63-a003-422d-9f65-9dd8b1ac68c1.pdf

Cipla Ltd. recently announced that the United States Food and Drug Administration (USFDA) has classified the inspection of its Patalganga manufacturing facility in Maharashtra, India, as Voluntary Action Indicated (VAI). This classification follows a routine current Good Manufacturing Practices (cGMP) inspection, as per the company's intimation dated April 4, 2024. The USFDA's communication was received on June 25, 2024, at 12:37 AM IST. This update is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(Regd. Office -Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400 013, India Regd. Office -Cipla House Peninsula Business Park, Lower Parel, Mumbai-400 013 Ganpatrao Kadam Marg India et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/be6f87cc-ff2d-40fa-8fa6-a2c4a619e485.pdf

Shilpa Medicare Limited's Bio Analytical Laboratory, Unit 7, Nacharam, Hyderabad, was inspected by the USFDA from February 26 to March 1, 2024. The inspection concluded with zero 483 observations and no discussion items, resulting in the issuance of an Establishment Inspection Report (EIR) and a classification of "No Action Indicated" (NAI). This newly established center for bio-analytical testing, which handles biological samples for clinical and BA/BE studies, received its first regulatory approval from the USFDA and is also approved by the EMA, Europe(Medicare Limited & Tiwary, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/35158bcb-ebbf-44b0-b2a1-2fbdd66c407b.pdf

Royal Cushion Vinyl Products Ltd. reported a minor fire incident at their Garadhia Plant in Vadodara on June 25, 2024, around 4 am IST. The fire, which affected machinery producing materials for finished products, was controlled without any human injuries or casualties. Production operations for the affected machinery will be temporarily disrupted for 10 to 15 days. The company is taking steps to restore operations and is in the process of determining the fire's cause and the actual loss incurred. Intimations have been made to the insurance company and relevant authorities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/06ca30b7-85f6-436b-ba7e-3e59bfba5af3.pdf

Syngene International Ltd reported a fire incident on December 12, 2016, resulting in asset damage and a recorded loss of ₹105.70 crore. The company recognized an equivalent insurance claim in its financial statements for FY 2019-20. The final approved insurance claim amounted to ₹243.96 crore, with ₹236.76 crore received by May 31, 2024. The remaining ₹7.2 crore was disbursed on June 24, 2024, completing the final claim settlement.https://www.bseindia.com/xml-data/corpfiling/AttachLive/912ec298-f217-461e-b9a4-1a5b5e194988.pdf

8. Investor Presentation

Rose Merc Limited recently shared additional details regarding their Investor Meet held on May 16, 2024. The presentations, featuring insights from 12 associate and subsidiary companies, are available on YouTube. Key speakers include Mrs. Vaishali Parkar Kumar and Mr. Purvesh Shelatkar from Rose Merc Limited, Mr. Saurabh Chaudhary from Outcry Entertainment Private Limited, and Ms. Kajal Rohira from BhaktiWorld Media & Entertainment Private Limited. The presentations cover the companies' visions and business strategies, providing valuable insights into their future directions. For more information, you can access the YouTube links provided in the official communication.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3829f5ef-99a4-477d-9b20-7ba0b1fdd209.pdf

Bharat Dynamics Ltd (BDL) recently conducted successful trials for the Man Portable Anti-Tank Guided Missile (MPATGM) and Advanced Light Weight Torpedo (ALWT) in April 2024. The company's order book stood at INR 19,434 crore as of March 31, 2024, with new orders worth INR 1,793 crore received in FY 2023-24. BDL's revenue from operations for FY 2023-24 was INR 2,369 crore, and it achieved a record PAT of INR 612.72 crore, marking a 74% increase from the previous year. The EBITDA margin improved to 22.6%, and the company reported a total income of INR 2,731 crore, a 3% YoY increase.https://www.bseindia.com/xml-data/corpfiling/AttachLive/18b1d19a-cd46-4aed-90f0-455f551813b7.pdf

EPL Ltd reported a strong financial performance for FY24, with a revenue of ₹3916 crore, marking a 6.0% YoY growth, and an EBITDA of ₹714 crore, reflecting a 19.2% increase. The EBITDA margin improved by 202 basis points to 18.2%, while PAT excluding exceptional items rose by 20.1% to ₹274 crore. The company has a global footprint with 21 state-of-the-art manufacturing facilities and a workforce of over 3500 employees across 12 countries. EPL Ltd is focused on sustained double-digit revenue growth, continued margin expansion, and leveraging its strong portfolio of sustainable packaging solutions to maintain its competitive edge.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f6331983-0119-4652-8603-159f54d4b081.pdf

Abans Holdings Ltd is a diversified financial services company with a global presence in key financial markets such as India, the UK, Dubai, Shanghai, Hong Kong, and Mauritius. The company operates across three main business segments: Agency Business, Finance Business, and Capital Business. As of FY24, Abans Holdings reported a consolidated net worth of INR 1,013 Crs, with total assets under management (AUM) of INR 2,544 Crs. The company achieved a year-on-year revenue growth of 18.5% and a PAT growth of 26.9%. The finance business, managed by Abans Finance Pvt. Ltd., focuses on secured and unsecured term financing, boasting a net interest margin of 7.79% and a CRAR of 38.43%. The Global Arbitrage Opportunities Fund, a flagship fund under the asset management business, has consistently delivered strong returns, with a CAGR of 8.20% since inception.https://www.bseindia.com/xml-data/corpfiling/AttachLive/394b6725-d9fb-46e6-ab0f-52509ff832e7.pdf

Nimbus Projects Ltd. has announced that its Board of Directors, in a meeting held on June 25, 2024, has submitted a Letter of Intent to act as Development Manager for the "UP Country" project of M/s. Supertech Limited, which is under Corporate Insolvency Resolution Process. The company plans to bring in a financer to infuse up to Rs. 100 Crore at an interest rate of 20% p.a.. Nimbus Projects Ltd. will charge a fee of 20% on gross revenue for its role. The tenure of this agreement is 4 years, and there are no related party transactions involved.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e053770-df71-4c86-a2bd-d6e06fee4bfd.pdf

Tech Mahindra Ltd. has announced the merger of its wholly-owned step-down subsidiary, Healthnxt Inc., with its wholly-owned material subsidiary, Tech Mahindra (Americas) Inc. The merger plan, approved on June 25, 2024, is set to take effect on July 1, 2024, pending regulatory approvals. Healthnxt Inc., a virtual healthcare company, reported a turnover of USD 1.07 million for the financial year ending March 31, 2024, while Tech Mahindra (Americas) Inc. reported USD 1,153.28 million. The merger aims to synergize business operations, optimize costs, and reduce compliance risks. No cash consideration or new share issuance will occur as both entities are wholly-owned subsidiaries.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d8b0d790-b415-4ce7-9d0d-8fbf8050d42f.pdf

Kalpataru Projects International Ltd (KPIL) has announced the acquisition of new orders worth ₹2,333 crores. These orders span across various sectors, including Transmission & Distribution (T&D) both in India and international markets, an EPC order for an industrial plant in the metal industry, and a residential building project in India. The T&D business has notably secured its largest order in Sweden through its subsidiary, LMG. These new contracts are expected to significantly enhance KPIL's order book and growth visibility, particularly in the T&D and Buildings & Factories (B&F) sectors.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9efd3600-97f5-4157-919a-91e52e1abe70.pdf

9. Preferential basis

Hazoor Multi Projects Ltd. has announced the outcome of its Board Meeting held on June 25, 2024. The Board approved the allotment of 1,25,85,300 fully convertible warrants at an issue price of Rs. 300 each on a preferential basis to non-promoter, public category investors. Each warrant is convertible into one equity share with a face value of Rs. 10, upon payment of the remaining 75% of the issue price within 18 months. The warrants are subject to a lock-in period as per SEBI regulations. The meeting commenced at 17:30 PM and concluded at 19:20 PM.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbfffcea-c517-42a1-bd9c-a720a8f71bd8.pdf

Hazoor Multi Projects Ltd. held a Board Meeting on June 25, 2024, where they approved the allotment of 1,25,85,300 fully convertible warrants at an issue price of Rs. 300 each on a preferential basis to non-promoter, public category investors. Each warrant is convertible into one equity share with a face value of Rs. 10, upon payment of the remaining 75% of the issue price within 18 months. The warrants are subject to a lock-in period as per SEBI regulations. The meeting commenced at 17:30 PM and concluded at 19:20 PM.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f15575b-2ac4-4277-811d-f6360b1e878a.pdf

Goblin India Ltd has announced a delay in the issuance of convertible equity warrants on a preferential basis to non-promoters due to internal investor matters. The board will reconsider the issue once the necessary approvals from appropriate authorities are obtained. This update is crucial for all stakeholders to note. The communication was made on 25/06/2024 and signed by Manojkumar J. Choukhany, the Managing Director.https://www.bseindia.com/xml-data/corpfiling/AttachLive/74e615d3-8231-4134-b647-0d280fdc39c0.pdf

Trimurthi Ltd recently held a Board meeting on June 25, 2024, to address compliance issues identified by their Statutory Auditor. The company canceled the allotment of 50,000 equity shares to Mr. Kedarnath Anil Kumar Agarwal due to non-receipt of allotment money, ensuring adherence to SEBI ICDR Regulations 2018. Consequently, the revised allotment now includes 1,850,000 equity shares distributed among seven investors, with notable allocations to Vupparapalli Reddy Chandrasekhar (800,000 shares) and Vupparapalli Pavani (400,000 shares). The total paid-up equity capital stands at ₹9.95 crore, comprising 9,950,000 equity shares of ₹10 each.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ca6ee16a-df89-4a77-8d11-b1b1bb540dbc.pdf

Jubilant Pharmova Ltd has announced the completion of a voluntary prepayment of a USD 75 million term loan, equivalent to Rs. 626 Cr, by its wholly-owned subsidiary, Jubilant Pharma Holdings Inc., USA, as of June 24, 2024. This prepayment follows an earlier communication dated June 14, 2024. As of March 31, 2024, Jubilant Pharmova reported a Gross Debt of Rs. 3,414 Cr and a Net Debt of Rs. 2,457 Cr on a consolidated basis. The company is engaged in various pharmaceutical sectors, including Radiopharma, Allergy Immunotherapy, and Contract Manufacturing, with a global presence in over 75 countries.https://www.bseindia.com/xml-data/corpfiling/AttachLive/917fa395-7ece-4d27-8c9e-2cfea073b68c.pdf

10. Press Releases

Mahindra & Mahindra Financial Services Ltd. announced the resignation of their Chief Financial Officer, Mr. Vivek Karve, effective up to 31st October 2024. Mr. Karve is leaving to pursue personal, social, and professional interests beyond full-time employment. The company is actively seeking a suitable successor and will make necessary announcements in due course. Mahindra Finance, a leading non-banking finance company in India, focuses on the rural and semi-urban sectors, serving over 10 million customers with an AUM exceeding USD 11 billion. The company has a significant presence with 1,370 offices across 380,000 villages and 7,000 towns in India.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a82818d8-2a02-4486-abff-370ebf454dc9.pdf

Mahindra & Mahindra Financial Services Ltd. announced the resignation of its Chief Financial Officer, Mr. Vivek Karve, effective from October 31, 2024. Mr. Karve, who has been with the company for nearly four years, is leaving to pursue personal, social, and professional interests beyond full-time employment. He will remain with the company until the declaration of financial results for Q2 FY 2025 to ensure a smooth transition. The company is in the process of identifying a suitable successor. Mahindra Finance, a leading non-banking finance company in India, serves over 10 million customers with an AUM of over USD 11 billion and operates through 1,370 offices across the country.https://www.bseindia.com/xml-data/corpfiling/AttachLive/45d1a6ba-dcdd-4ea0-9246-62d224fc8b7b.pdf

D.P. Abhushan Ltd has announced the expansion of its retail footprint with a new showroom in Neemuch, Madhya Pradesh, expected to be operational by Q3 of the current fiscal year. This new showroom will span approximately 7,700 sq. ft. across four floors. The company currently operates eight showrooms, with four in Madhya Pradesh and four in Rajasthan. The expansion includes plans for additional showrooms in Ratlam (12,000 sq. ft.) and Ajmer (6,000 sq. ft.), adding nearly 25,000 sq. ft. to its existing 41,000 sq. ft. of retail space, bringing the total to approximately 66,000 sq. ft. This strategic move aims to leverage the proximity to Ratlam for logistical efficiency and better customer service.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe489dbf-f9ea-43d2-b40c-f0a03ae088b1.pdf

Colab Cloud Platforms Ltd has appointed Mr. Amardeep Singh as an Executive Director, effective June 25, 2024. This strategic move aims to bolster the company's expansion into the Sports Management and Sports Technology sectors. Mr. Singh, a seasoned leader with over two decades of experience, has a proven track record in driving growth and innovation. His diverse background includes roles in top consulting firms and involvement in over 40 film projects. Additionally, he has collaborated with prominent sports figures and managed various sports properties. This appointment follows the recent addition of Mr. Puneet Singh as Managing Director, marking significant leadership changes within the company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f47656b1-3e3e-4b98-a638-5a04da4b0426.pdf

Trent Limited has announced a collaboration between its retail chain, Westside, and the designer duo Saaksha & Kinni for an exclusive home décor collection titled "Honey I’m Home 2.0." This collection features a variety of products such as serve ware, mugs, cushions, table linen, tote bags, and kimonos, all showcasing meticulously crafted prints. The collection will be available at 27 Westside stores across multiple cities, including Bengaluru, Delhi NCR, Mumbai, and Pune, as well as online at westside.com. This partnership underscores Westside's commitment to offering exclusive, curated brands and collections to its customers, enhancing their shopping experience with vibrant, handcrafted home décor items.https://www.bseindia.com/xml-data/corpfiling/AttachLive/caa414a7-aff0-4441-8548-e38115687251.pdf

Pavna Industries Ltd reported its Q4 FY24 financial results, highlighting a Revenue from Operations of Rs. 81.45 Crore, a Q-o-Q increase of 1.99%. The EBITDA for Q4 FY24 stood at Rs. 9.53 Crore, marking a 20.27% increase from Q3 FY24, with an EBITDA Margin of 11.71%. The PAT for Q4 FY24 was Rs. 2.93 Crore, a 33.02% increase Q-o-Q. For the full year FY24, the company reported Revenue from Operations of Rs. 316.87 Crore, a 12.52% decrease Y-o-Y, and an EBITDA of Rs. 34.49 Crore, a 5.02% increase Y-o-Y. The PAT for FY24 was Rs. 12.00 Crore, a 39.01% increase Y-o-Y. The company attributes improved margins to better operational efficiencies and the dissociation from a loss-making subsidiary.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6164bb68-040a-4808-a093-be274e7b946d.pdf

Muthoot Microfin Ltd has received a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI) as of June 25, 2024. This license enables the company to offer tailored insurance plans, including coverage for natural calamities, medical emergencies, and life insurance, to its 3.35 million customers. The initiative aims to enhance financial inclusion and provide comprehensive financial security to vulnerable segments of society. With 1,508 branches across 19 states, Muthoot Microfin can leverage its extensive network to offer these insurance products without additional expenditure, thereby augmenting its revenue through commissions and improving its Return on Assets (ROAs).https://www.bseindia.com/xml-data/corpfiling/AttachLive/10b823c0-308c-4e4e-b24e-f0bc9cd517e2.pdf

Fischer Medical Ventures Ltd (formerly known as Fischer Chemic Ltd) has announced a significant partnership between its subsidiary, Time Medical International Ventures (India) Private Limited, and Philippines' leading unbranded generic company, Unilab's RiteMED. This collaboration aims to support the Universal Health Care (UHC) program in the Philippines by utilizing DigiHealth’s Automated Telehealth Machine (ATM), which conducts comprehensive body diagnostics of over 60 clinical parameters within seven minutes. The partnership will enhance primary healthcare accessibility, especially in remote areas, by integrating teleconsultation and rapid lab results. DigiHealth plans to deploy at least 10,000 units of its health kiosks across the Philippines, focusing on underserved provinces, thus marking a significant milestone in Fischer MVL's global expansion in medical imaging and diagnostics solutions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fbf6cb1f-cc80-4050-8798-caec62295843.pdf

Intellect Design Arena Ltd, a leading cloud-native, multi-product Financial Technology company, has announced a significant seven-year partnership with Vancity, Canada's largest community credit union. This collaboration will leverage Intellect's Digital Engagement Platform (DEP) and Contextual Banking Experience (CBX) to enhance digital experiences for Vancity's 570,000 members and manage $35.5 billion in assets. The transformation will cover onboarding, account services, payments, cards, digital lending, and back-office operations, aiming to deliver comprehensive banking and lifestyle services through a fully managed cloud platform.https://www.bseindia.com/xml-data/corpfiling/AttachLive/70624f11-65b6-456d-a8c9-940dcfe7789d.pdf

Kings Infra Ventures Limited has announced its strategic expansion into the European Union markets, focusing on high-quality seafood products. The company, which already has a strong presence in the EU with products like cuttlefish, squids, and octopus, aims to introduce Head-on Shell-on Vannamei and Black Tiger shrimps to countries such as Spain, Italy, France, and Portugal. This initiative addresses the stringent EU norms for shrimp imports, ensuring zero tolerance for residual antibiotics and heavy metals. To bolster this expansion, Jesus Vicente Piero Sos has been appointed as the Business Development Advisor, leveraging his extensive experience in large-scale sales and strategic business development in Europe. The company plans to dedicate a separate production line at its Tuticorin factory to meet the high-quality standards required by the European market.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b247985-e45f-4181-aa4f-427fa7674708.pdf

Schaeffler India Ltd has announced the launch of its innovative Planetary Gear System (PGS) from its Hosur Plant, specifically designed for Dedicated Hybrid Transmission (DHT) vehicles in India. This development aligns with the Government of India’s ‘Make in India’ initiative and addresses the growing demand for hybrid vehicles. The PGS enhances vehicle performance, reduces emissions, and improves mileage, offering a robust value proposition to OEM partners. In 2023, Schaeffler India achieved revenue of INR 72,261 million, reflecting its commitment to excellence and customer satisfaction. The company operates with a dedicated team of 3,383 employees, upholding the values of innovation, reliability, and sustainability in motion technology.https://www.bseindia.com/xml-data/corpfiling/AttachLive/5bc09ed8-048f-4167-bf69-fd50519954bb.pdf

JSW Steel Ltd. has announced a significant investment of US$110 million to modernize its steel plate mill in Baytown, Texas. This upgrade will incorporate sustainable technology and state-of-the-art equipment, enabling the production of high-quality monopile steel plates to support the U.S. Administration's offshore wind energy expansion goals. The investment aligns with Buy America requirements and aims to reduce U.S. import reliance in infrastructure and renewable energy sectors. The project is expected to be completed and commissioned by FY26, further enhancing JSW Steel USA's domestic manufacturing capabilities and expanding its "Made in USA" product portfolio(1 . National Stock Exchange of India Ltd. Exchange Plaza Plot No. C/1, G Block Bandra -Kurla Complex Bandra (E), Mumbai -400 051 National Stock Exchange of India Ltd Exchange Plaza Plot No. C/1, G Block Bandra -Kurla Complex Bandra (E) Mumbai -400 051 & 2 . BSE Limited Corporate Relationship Dept. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai -400 001. BSE Limited Corporate Relationship Dept. Phiroze Jeejeebhoy Towers Dalal Street Mumbai -400 001, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b9112ab-2b29-42f6-a11a-11612170a09f.pdf

Organic Recycling Systems Ltd has entered into a significant Technology Transfer Agreement with CSIR-IIP to implement the Vacuum Swing Adsorption (VSA) Technology for upgrading raw biogas to compressed biogas (CBG). This collaboration, formalized on June 24, 2024, aims to process 350 m³/h of raw biogas into pipeline-quality bio-methane, meeting BIS 16087: 2016 specifications. The CBG produced can be used as an industrial fuel and an alternative to CNG in vehicles. This partnership underscores a commitment to sustainable energy solutions, enhancing technological sovereignty, and supporting local innovation and job creation.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a952f9a-0090-4356-b6da-7313d92062c4.pdf

RateGain Travel Technologies Ltd has been recognized as one of the Top 100 Mid-Size Workplaces in India by Great Place to Work® India, marking its first win of this award and its fifth consecutive year of certification. This accolade, officially received on June 20, 2024, underscores RateGain's commitment to fostering a positive, inclusive, and motivating work environment. The company, founded in 2004 and headquartered in India, serves over 3,200 customers and 700 partners across 100+ countries, including 26 of the Top 30 Hotel Chains and 25 of the Top 30 Online Travel Agents. RateGain's core values of Teamwork, Ownership, People First, Innovation, and Customer Obsession have been pivotal in achieving this recognition(Philip, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/a8e7c12e-0f21-4604-b33a-c8c040ded92a.pdf

Vishnu Prakash R Punglia Limited has been awarded a significant contract by the Office of the Superintending Engineer, U.P. Jal Nigam (Urban), Naini Prayagraj. The contract involves surveying, soil investigation, engineering, design, and supply of all necessary materials, labor, and tools for the Water Supply Scheme for Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj. The total value of this contract is Rs. 2731.13 million. This achievement underscores the company's capabilities and commitment to delivering large-scale infrastructure projects(Jodhpur-342003, Rajasthan Jodhpur-342003, Rajasthan, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/d68a3085-4e9a-4545-bcf6-965e8d127a74.pdf

Infosys Limited has a rich history, starting as Infosys Consultants Private Limited in 1981 and transitioning to a public limited company in 1992. The company made significant strides with its IPOs in India and the United States. In recent years, Infosys has focused on technology advancements like generative AI, 5G, Low Code No Code, and quantum computing, emphasizing responsible business practices and ESG initiatives. The company has also been recognized for its leadership in diversity, ethics, and HR practices. Additionally, Infosys has invested in hybrid IT management solutions and cybersecurity initiatives to meet evolving industry demands(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/03d2b478-1d9a-47a6-9a49-8c0ef6a2e6f3.pdf

11. Qualified Institutional Placement

Borosil Ltd has successfully completed a Qualified Institutions Placement (QIP) of 47,16,981 equity shares at an issue price of ₹318 per share, raising approximately ₹149.99 crore. This issue, which opened and closed on June 24-25, 2024, was conducted under SEBI ICDR Regulations and relevant sections of the Companies Act, 2013. The paid-up equity share capital increased from ₹11,45,82,095 to ₹11,92,99,076. Major allottees include DSP Small Cap Fund (40.25%), Societe Generale - ODI (21.33%), and Mauryan First (12.00%).https://www.bseindia.com/xml-data/corpfiling/AttachLive/b780a670-1d1d-4a39-b4f3-18ff5d840fa5.pdf

On June 25, 2024, the Management Committee of Borosil Limited approved the closure of its qualified institutions placement (QIP) of equity shares, receiving application forms and funds from eligible qualified institutional buyers. The committee allocated 47,16,981 Equity Shares at an issue price of ₹ 318 per share, which includes a premium of ₹ 317 per share and accounts for a 4.14% discount to the floor price of ₹ 331.75 per share. The committee also finalized the confirmation of allocation notes and adopted the placement document related to the issue.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e89ae604-a742-40e9-854f-423db3e06e94.pdf

12. Acquisition

Tata Steel Ltd. has acquired 1,25,00,000 equity shares of face value ₹10 each, totaling ₹12.5 crore, representing a 14.28% stake in the Indian Foundation for Quality Management (IFQM). This acquisition, completed on June 2, 2024, is a related party transaction as Mr. Natarajan Chandrasekaran, Chairman of Tata Steel, is a member of IFQM's Board of Directors. IFQM, incorporated on September 6, 2023, under Section 8 of the Companies Act, 2013, aims to promote quality management practices across Indian organizations. The transaction was conducted at arm's length and in the ordinary course of business.https://www.bseindia.com/xml-data/corpfiling/AttachLive/58460da1-9eef-49f9-a58e-b1050b986813.pdf

13. Credit Rating

Bank of Maharashtra has shown a sustained improvement in its earnings profile, driven by healthy loan book growth and manageable credit costs. The bank's capital buffers and solvency metrics have improved, supported by healthy profitability and capital raises in FY2024. As of March 31, 2024, the bank's CET I ratio stood at 12.50%, and its overall solvency level improved to 2.24%. The bank's liquidity profile remains strong with a high liquidity coverage ratio of 138.18% and excess statutory liquidity ratio holdings of Rs. 28,730 crore. Despite a slight increase in slippage rates, the bank has maintained a healthy provision cover, leading to a decline in gross non-performing advances to 1.88% and net NPAs to 0.20% as of March 31, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2d4a0c0-bdfc-45c6-b750-f239f678b24b.pdf

Titagarh Rail Systems Ltd has received an upgraded credit rating from CRISIL Ratings. The long-term rating has been elevated from "CRISIL A+/Stable" to "CRISIL AA-/Stable", and the short-term rating has been upgraded from "CRISIL A1" to "CRISIL A1+". This improvement reflects a positive outlook on the company's bank facilities. For more details, visit the company's website at www.titagarh.in.https://www.bseindia.com/xml-data/corpfiling/AttachLive/429180dc-b7e4-4b0f-b61c-cee4244c2cc0.pdf

Sunil Healthcare Ltd has announced a revision and re-affirmation of its credit rating for bank facilities as evaluated by Care Ratings Limited. As per the letter dated June 24, 2024, Care Ratings reaffirmed the Long Term Bank Facilities rating at CARE BBB- and revised the outlook from Stable to Negative. Additionally, the Short Term Bank Facilities rating was reaffirmed at CARE A3. This information was communicated to the Bombay Stock Exchange and the Calcutta Stock Exchange on June 25, 2024(Healthcare, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/2ae30a7e-5893-471e-bb47-0e08fd770076.pdf

Ucal Ltd has experienced a credit rating downgrade from 'CRISIL BBB/Stable' to 'CRISIL BBB-/Stable' due to a significant reduction in the offtake of its key product, the e-carburetor, by Bajaj Auto Ltd, which constitutes 30% of Ucal's standalone revenue in fiscal 2024(Mumbai, n.d.). The company's revenue declined by 12% in fiscal 2024, primarily due to this reduction and a subdued export market(Mumbai, n.d.). Ucal is attempting to diversify its product portfolio by increasing the share of non-carburetor products, which is expected to improve capacity utilization and operating margins to 7-7.5% over the near to medium term(Mumbai, n.d.). The company faces liquidity pressures due to high debt servicing obligations and the need for additional funding to meet capex and term debt obligations(Mumbai, n.d.). Ucal's financial risk profile has moderated, with key debt metrics such as interest coverage and net cash accruals to total debt declining in fiscal 2024(Mumbai, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/18db5de8-e3ba-4977-964f-a637bb7365ae.pdf

Ponni Sugars (Erode) Ltd. has received a revised credit rating from CARE Ratings Limited as of June 24, 2024. The long-term bank facilities have been reduced from ₹30 crore to ₹15 crore and upgraded to CARE A-; Stable from CARE BBB+; Stable. The short-term bank facilities have been upgraded to CARE A2+ from CARE A2. The long-term facilities are fund-based cash credit limits, while the short-term facilities are non-fund based BG/LC limits(Bse et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc304295-24e0-4aa1-80bd-d3e149900351.pdf

MENON BEARINGS LTD. has disclosed its credit ratings as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CRISIL has reaffirmed the company's short-term rating as "CRISIL A2" and long-term rating as "CRISIL BBB+/Stable". The total bank loan facilities rated amount to Rs. 20.96 Crore, with HDFC Bank Limited providing a Cash Credit facility of Rs. 20 Crore and a Letter of Credit & Bank Guarantee facility of Rs. 0.96 Crore(Kiran Kalyankar, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e4e2cab-2ffc-4fcb-8288-ecc3cc6f9ff2.pdf

Tata Chemicals Ltd. has received an update from CRISIL Ratings Limited on June 24, 2024, regarding the assignment and re-affirmation of its credit ratings. The company’s Non-Convertible Debentures (NCDs) amounting to ₹2,000 crore have been assigned a rating of CRISIL AA+/Stable, while its Commercial Paper worth ₹100 crore has been re-affirmed with a rating of CRISIL A1+. This information is crucial for stakeholders and investors to assess the creditworthiness and financial stability of Tata Chemicals Ltd.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1383a2a7-1d96-489b-826c-3f4b1b4cc125.pdf

PDS Ltd has announced the sale of its wholly owned subsidiary, Dizbi Private Limited, to Mr. Dakavarapu Suresh effective June 24, 2024. This strategic move aims to streamline the corporate structure of the PDS Group. Dizbi, which contributed ₹237,000 in turnover and ₹437,000 in net worth during the last financial year, was sold for ₹1,00,000. The transaction does not fall under related party transactions and is outside the Scheme of Arrangement.https://www.bseindia.com/xml-data/corpfiling/AttachLive/39064f6f-826e-435a-b150-142db566326f.pdf

UltraTech Cement Limited has announced that its wholly owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL), made a partial cash offer to acquire 125,039,250 shares, representing 25% of the share capital of Ras Al Khaimah Co. for White Cement and Construction Materials PSC (RAKWCT). The offer period lasted from May 28, 2024, to June 24, 2024. The final allotment of shares will be announced after the RAKWCT shareholders' meeting on July 9, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/73be3e20-ef1e-40ab-b2f5-303de1689035.pdf

TT Limited: On June 25, 2024, it was disclosed that Smt. Kala Devi Jain, a member of the promoter group, sold 9,874 equity shares of TT Limited between June 18, 2024, and June 21, 2024. Before the sale, she held 403,830 shares (0.19% of total voting capital), and post-sale, her holding reduced to 305,090 shares (0.14% of total voting capital). The transaction was executed through a market sale, and the total equity share capital of TT Limited remained unchanged at 21,498,050 shares.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7c26014a-8ceb-4a07-9d0d-173efe18b75c.pdf

T T LTD. Stock Update: On June 25, 2024, T T Brands Limited, part of the promoter group, acquired 3,874 equity shares of T T LTD. between June 13 and June 21, 2024. This acquisition increased their holding from 8,607,473 shares (40.04%) to 8,611,347 shares (40.06%). The mode of acquisition was a market purchase, and the total equity share capital of T T LTD. remained at 21,498,050 shares before and after the acquisition(Dear Sir/Madam, Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/331abba4-e04d-4a87-bc61-8c9ebff71212.pdf

T.T. LIMITED: On June 25, 2024, it was disclosed that Shri. Rikhab Chand Jain, a member of the promoter group, acquired 1000 equity shares of T.T. Limited between June 11, 2024, and June 21, 2024. This acquisition increased his holding from 100 shares (0.00%) to 1100 shares (0.01%) of the total voting capital. The acquisition was made through a market purchase, and the total equity share capital of T.T. Limited remained at 21,498,050 shares before and after the acquisition(Dear Sir/Madam, Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 This Is to Inform You That Shri. Rikhab Chand Jain (Promoter Group) Has Purchased 1000 Equity Shares of TTL on from 11, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/2577aa1b-8e0f-416a-8797-31f455a925fa.pdf

Imagicaaworld Entertainment Ltd has announced a significant transaction involving the acquisition of Malpani Parks Indore Private Limited (MPIPL). The company will purchase 10,000 equity shares, representing 100% of MPIPL's equity, for up to ₹55 crore. Additionally, Imagicaaworld will infuse up to ₹153 crore into MPIPL for debt repayment and other liabilities. This acquisition, subject to shareholder approval, will expand Imagicaaworld's footprint by adding approximately 25 acres of land in Indore and 1.5 acres in Shirdi. The total project cost is capped at ₹208 crore, aiming to consolidate and scale business operations.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e5c80551-bf32-425e-8c30-fab350d16aaf.pdf

Mahindra & Mahindra Financial Services Ltd. announced the resignation of its Chief Financial Officer, Mr. Vivek Karve, effective from October 31, 2024. Mr. Karve, who has been with the company for nearly four years, is leaving to pursue personal, social, and professional interests beyond full-time employment. He will remain with the company until the declaration of financial results for Q2 FY 2025 to ensure a smooth transition. The company is in the process of identifying a suitable successor. Mahindra Finance, a leading non-banking finance company in India, serves over 10 million customers with an AUM exceeding USD 11 billion and operates through 1,370 offices across the country.https://www.bseindia.com/xml-data/corpfiling/AttachLive/73363567-b05b-42d1-9fd3-f20b4ec8e0b3.pdf

Reliance Capital Ltd. is undergoing a corporate insolvency resolution process, with the resolution plan submitted by IndusInd International Holdings Ltd. approved by the National Company Law Tribunal (NCLT) on February 27, 2024. The company has sought a 90-day extension from May 27, 2024, for the implementation of this plan, with the matter being heard on June 25, 2024. The Reserve Bank of India (RBI) had previously superseded the company's board on November 29, 2021, appointing Shri Nageswara Rao Y as the Administrator. A Monitoring Committee has been established to oversee the implementation of the approved resolution plan.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d6ae7848-37b6-401a-a9a4-fa6a20f99fae.pdf

Shree Rajeshwaranand Paper Mills Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors (CoC) approved the Resolution Plan on 14th February 2024. Subsequently, the Resolution Professional filed an application for approval with the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, on 23rd February 2024. The next hearing for the approval of the Resolution Plan is scheduled for 28th June 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/83eb6c16-40e6-4847-8469-1a9fcdd574b0.pdf

Brookfield India Real Estate Trust (REIT) has reported its unit holding pattern as of June 21, 2024, following the allotment of 4,09,30,000 units through a preferential issue. The total outstanding units amount to 480,015,222. The sponsor and sponsor group hold 192,780,217 units, representing 40.16% of the total. Public holdings account for 287,235,005 units, or 59.84%, with institutions holding 167,727,519 units (34.94%) and non-institutions holding 119,507,486 units (24.90%). Notably, foreign portfolio investors hold 188,591,930 units, making up 39.29% of the total outstanding units.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a52d823e-26ac-4070-8c7d-379d7c1b1312.pdf

13. Right issue

Inventure Growth & Securities Ltd. has announced a Rights Issue approved by its Board of Directors on June 25, 2024. The Rights Issue size is fixed at Rs. 4893 Lakhs, offering 21 crore equity shares at a price of Re. 2.33 per share (including a premium of Rs. 1.33 per share). The entitlement ratio is 1 new equity share for every 4 existing shares held by eligible shareholders as of the record date, July 5, 2024. The issue will open on July 15, 2024, and close on August 13, 2024, with the last date for market renunciation being August 7, 2024. Full payment is required on the day of application.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7e73311-564d-4220-92f2-e3cf680edbe4.pdf

Inventure Growth & Securities Ltd. has announced a Rights Issue approved by its Board of Directors on June 25, 2024. The Rights Issue size is fixed at Rs. 4893 Lakhs, offering 21 crore equity shares at a price of Re. 2.33 per share (including a premium of Rs. 1.33). The entitlement ratio is 1 new share for every 4 existing shares held as of the record date, July 5, 2024. The issue will open on July 15, 2024, and close on August 13, 2024, with the last date for market renunciation being August 7, 2024. Full payment is required on the application day.https://www.bseindia.com/xml-data/corpfiling/AttachLive/267c9049-ad76-43cc-946c-5eab074cc291.pdf

VSF Projects Limited has approved the allotment of 98,65,121 partly paid Rights Equity Shares at an issue price of Rs. 50/- per share (including a premium of Rs. 40/- per share). Of this, Rs. 25/- per share (Rs. 5/- as share capital and Rs. 20/- as premium) has been paid-up on application. The balance amount will be payable in one or more tranches as decided by the Board/Rights Issue Committee. Following this allotment, the paid-up equity share capital of the company is 1,64,41,868 shares amounting to Rs. 11,50,93,075/-(Date: 25-06-2024 To The BSE Ltd, Listing Department 25th Floor, PJ Towers, Dalal Street Mumbai-400 001 Dear Sir/Madam, Sub: Outcome of the Rights Issue Committee Meeting Pursuant to Regulation 30 and Other Applicable Provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Rights Issue of Equity Shares of the VSF Projects Limited (“Company”), n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/2540d504-fa69-4c60-8f6a-92c18749f297.pdf

Indowind Energy Ltd. has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a proposed rights issue. The company plans to issue up to [●] equity shares with a face value of Rs. 10 each, aggregating up to Rs. 49 Crores. This rights issue will be offered to eligible equity shareholders in a specified ratio on the record date. The approval is subject to compliance with various statutory guidelines and regulations, including those from SEBI, RBI, and MCA. The rights issue must open for subscription within 12 months from the date of the approval letter, June 24, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/db33118a-6434-48d3-9c8c-4573e5b67b10.pdf

Supreme Infrastructure India Limited has proposed a draft composite scheme of compromise/arrangement with its financial creditors under Section 230 of the Companies Act, 2013. The scheme, initiated via a Board Resolution on June 03, 2022, received 81% approval from financial creditors, including those who filed petitions under the IBC Code, 2016. The Bombay High Court intervened to stay these petitions, and the voting on the scheme concluded on May 13, 2024, with the results confirming its approval. The Board has endorsed the scheme and is seeking necessary regulatory approvals(SUPREME INFRASTRUCTURE INDIA LIMITED, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/7dce9bee-973f-4bfb-b974-54f863f83c16.pdf

#VALUE!

Elecon Engineering Co. Ltd. held its 64th Annual General Meeting (AGM) on June 25, 2024, via Video Conferencing. The company reported a significant 27% year-over-year increase in revenue and a 50% growth in Profit After Tax (PAT) for FY 2024, driven by strong market demand and effective sales strategies. The AGM also highlighted the approval of key resolutions, including the adoption of financial statements, declaration of a final dividend of Rs. 2.00 per equity share, and the sub-division of equity shares. Elecon aims to expand its global presence, targeting 50% of consolidated revenue from international markets by FY30, while maintaining its market leadership in India through innovation and sustainability initiatives.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b58a23a-b599-4555-a463-805f9fe896b0.pdf

TIME TECHNOPLAST LTD. has received an additional order from Indian Oil Corporation Limited (IOCL) for the supply of Composite LPG cylinders valued at approximately INR 55 crores. This order follows the successful completion of a previous order and is driven by positive consumer feedback on the benefits of these cylinders, such as being explosion-proof, lightweight, and having a translucent body. The order is for 10 kg capacity Composite LPG cylinders and may be increased at IOCL's discretion. The contract is to be executed within 12 months from the date of the purchase order. Discussions are also ongoing with Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for similar supplies.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d738209b-246e-4269-a79a-9e53ecf7f2c3.pdf

IIFL Finance Ltd reported a consolidated profit after tax of INR 1,974 crores for FY24, reflecting a 23% year-over-year increase. The company's Q4 FY24 profit after tax was INR 431 crores, down 6% year-over-year and 21% quarter-over-quarter. The consolidated AUM grew by 22% year-over-year to INR 78,960 crores. The gross NPA stood at 2.3%, with a net NPA of 1.2%. The company faced a temporary RBI embargo on gold loan disbursements, impacting its gold loan AUM, which decreased by 40% to below INR 16,000 crores. Despite this, IIFL Finance maintained a strong liquidity position with cash and cash equivalents of INR 6,559 crores.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a16fa81-506d-4269-b298-92953ecdbd10.pdf