NSE BSE Stock Updates - Business Announcements, a deep analysis

1. Work Order

Dharni Capital Services Ltd held a Board of Directors meeting on June 26, 2024, where they approved the acquisition of 49.28% shares in a proposed company, Dhanayu Finance Private Limited, for a cash consideration of Rs. 6,11,10,000. The acquisition involves 6,111,000 equity shares at Rs. 10 each. The target entity will operate as a Non-Banking Financial Company (NBFC) and requires RBI approval for registration. The promoters will serve as directors in the new company, ensuring the transaction is conducted on an arm's length basis.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8de894c7-d698-41eb-af48-9cd78ad94c2c.pdf

Ahasolar Technologies Ltd has received a significant Work Order from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for the development of an Intuitive Rooftop-Solar Feasibility Portal and a voice assistance/Chatbot on the BYPL website. The consultancy service is valued at approximately ₹35 lacs and is to be executed within eight months. This contract is an international engagement, and there is no interest from the promoter group in the awarding entity. The order does not fall under related party transactions(2 nd Floor Kalasagar Shopping Hub, Opp. Saibaba Temple Cross Road, Ghatlodiya Ahmedabad -380 061, Gujarat, INDIA : nd Floor Kalasagar Shopping Hub Opp. Saibaba Temple Cross Road, Ghatlodiya Ahmedabad -380 061 Gujarat INDIA, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/60eab22f-ae26-41ad-bab2-425e9acd4539.pdf

Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from Southern Railway for the provision of automatic signaling on the Ernakulam JN (ERS) - Vallattol Nagar (VTK) section on the B-Route of the Thiruvananthapuram Division. The project, awarded to the KRDCL-RVNL JV, is valued at ₹156,47,03,304.52 and is expected to be completed within 750 days. This contract is a domestic order and does not involve any related party transactions or promoter group interests.https://www.bseindia.com/xml-data/corpfiling/AttachLive/612cb3cc-2ef1-433d-9930-e1f207681a14.pdf

RAMKY INFRASTRUCTURE LTD. has received a Notification of Awards (NOA) from PowerGrid Energy Services Limited for two contracts: "Supply of Plant Contract (Contract Part I)" and "Supply of Installation Services Contract (Contract Part II)" under the Results-linked Distribution Sector Scheme (RDSS) in Leh District. The projects involve loss reduction work and infrastructure development in Leh and Kargil districts of UT of Ladakh. The contracts are valued at approximately INR 107.39 Crores and INR 23.80 Crores respectively, both to be executed within 30 months. The orders are domestic and do not involve related party transactions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/50fdbf3e-4929-41dd-bf42-4d466bd1ff75.pdf

Maxheights Infrastructure Ltd. received an Adjudication Order from SEBI on June 25, 2024, imposing a penalty of ₹9,00,000. The violations included incorrect classification of Pitampura Leasing and Housing Finance Ltd. and Ranjitgarh Finance Co. Pvt. Ltd. in the shareholding pattern, and misclassification of Mr. Ashok Ahuja as an Independent Director. The penalties were bifurcated as ₹2,00,000 under Section 23(A)(a) of the SCR Act, 1956, and ₹7,00,000 under Section 15HB of the SEBI Act, 1992. The company was directed to pay the penalty within 45 days(Mathur, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/656ffd07-c908-40c8-ba4b-497f41612f5f.pdf

Ramky Infrastructure Ltd. has received a Notification of Award (NOA) from PowerGrid Energy Services Limited, a subsidiary of Power Grid Corporation of India Limited. The award includes two contracts: the Supply of Plant Contract and the Supply of Installation Services Contract for loss reduction work under the Results-linked Distribution Sector Scheme (RDSS) in Leh District. The projects, valued at INR 107.39 Crores and INR 23.80 Crores respectively, are to be executed over a period of 30 months. These contracts are domestic and do not involve related party transactions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d2a9f1d2-c851-4c40-98f6-4fb81acab314.pdf

Tantia Constructions Limited received an order worth Rs. 7,39,74,233.12 from the Government of Tripura for constructing residential quarters for Judicial Officers. The order includes building portions, water supply, sanitation, drainage works, and electrification. The order is to be completed in 540 days. The company disclosed this information as per SEBI regulations, ensuring compliance with disclosure requirements.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0eb80e5a-7c08-4be3-a48e-f29a51e8367d.pdf

Sakuma Exports Ltd. has announced additional agenda items for its Board Meeting scheduled on July 1, 2024. Key items include the increase of Authorized Share Capital to Rs. 40 crores, raising funds through various equity issuance modes, investment in subsidiaries, and increasing the investment limit to 49% for foreign investors. The meeting will be held at 5:00 PM at the company's Registered Office(To, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b98ebc1-6f2e-46c6-a138-f77107fe0e36.pdf

2. Bonus issue

Goel Food Products Limited is preparing for its 28th Annual General Meeting (AGM) to be held physically at its registered office in Kolkata on July 22, 2024. The company will close its Register of Members and Share Transfer Books from July 16 to July 22, 2024, for the purpose of Payment of Dividend and Issue of Bonus Shares. The cut-off date for voting rights is July 15, 2024, and the Record Date for eligibility to receive dividends and bonus shares is also July 15, 2024. National Securities Depository Limited has been appointed for providing e-voting facilities(GOEL FOOD PRODUCTS, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/8adf61bc-ed3f-4b92-96cc-3a4645510db3.pdf

3. New Operations

Electronics Mart India Limited has announced the commencement of commercial operations for a new Multi Brand Store under the brand name ELECTRONICS MART on 26th June 2024. The store is located at 3739-3744, 3746-3747, Netaji Subhash Marg, Daryaganj, Delhi 110002, covering an area of 7,000 square feet. This information was communicated to the Listing Compliance Departments of the National Stock Exchange of India Ltd. and BSE Limited.https://www.bseindia.com/xml-data/corpfiling/AttachLive/44d45620-df5b-4c49-bd4b-3b1fd97a3c5b.pdf

J.K. CEMENT LTD. recently announced the commencement of commercial production at its new cement manufacturing facilities in Prayagraj, Uttar Pradesh, increasing its total grey cement installed capacity to 24.34 MnTPA. The company successfully started Cement Grinding capacity of 2MnTPA on June 25, 2024. The Corporate Office is located at Prism Tower, Gurugram, Haryana. J.K. Cement has manufacturing units in various locations including Rajasthan, Karnataka, Haryana, Madhya Pradesh, and Gujarat. For more information, visit their website at www.jkcement.com(25" June, 2024 The Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd., The Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd 25" June 2024 et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/634f46f8-6354-4f38-9ed4-310a3b52995e.pdf

TECHNOPACK Polymers Limited is expanding its production capabilities by adding a new SACMI production line specifically for short neck caps. This addition is expected to increase their production capacity by approximately 300 million beverage bottle caps annually. The new line is set to be operational within the next three months, allowing the company to better meet the growing demand for high-quality beverage bottle caps(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/33fda85b-a854-4468-b52d-8228ddc89668.pdf

4. Investors Presentation

Hariom Pipe Industries Ltd has shown significant growth and resilience in the steel pipe industry. Established in 2007, the company has expanded its manufacturing capabilities to over 7,01,232 MTPA, with state-of-the-art facilities in Hyderabad, Telangana, and other strategic locations. In FY24, the company achieved a total income of ₹1,158.38 crore, marking a 48% CAGR. Notably, the operating cash flow turned positive to ₹4.96 crore from a negative ₹100 crore in FY23, and the ROCE improved to 18.80%. The company also reduced its receivables holding period by 10 days, enhancing cash flow by ₹3,159.42 lakhs. With a strong market presence in South India and a diverse product portfolio, Hariom Pipe Industries is poised for continued growth and expansion.https://www.bseindia.com/xml-data/corpfiling/AttachLive/402e10ea-cc88-4564-b0e9-78d3b085dfaa.pdf

Lancer Container Lines Ltd is a logistics company with a global presence in 30+ countries, 83+ registered global partners, and 16 branches in India. They have a massive fleet of 18,000+ TEUs, serving 86 ports and 36 ICD locations, with 84,962 shipments completed in FY24. The company aims to expand its TEU capacity to ~45,000 by FY26 and is actively exploring new trade routes to meet rising demand. Additionally, Lancer Container Lines Ltd engages in CSR activities, supporting education, healthcare, and sports development initiatives(Mumbai, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/61991ee4-56c6-4a61-982d-bf645e1e4271.pdf

Vijaya Diagnostic Centre Ltd is undergoing a Scheme of Amalgamation with Medinova Diagnostic Services Ltd. The merger involves the transfer of Medinova's business to Vijaya, creating efficiencies and synergies in providing integrated diagnostic services. The transaction aims to simplify the group structure, enhance cash management, achieve cost savings, and create value for stakeholders. The merger will be accounted for based on applicable accounting standards under IND AS. The process involves steps like amalgamation, share capital transfer, dissolution of Medinova, share allotment, and seeking stock exchange approvals(Listing Department The Corporate Relations Department National Stock Exchange Of India Limited, BSE Limited, Exchange Plaza, Listing Department The Corporate Relations Department National Stock Exchange Of India Limited BSE Limited Exchange Plaza & Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, 25 th floor, Dalal Street, Bandra (East), Mumbai-400 051 Mumbai -400 001 NSE Symbol. VIJAYA BSE Scrip Code. 543350 Dalal Street NSE Symbol. VIJAYA BSE Scrip Code Phiroz Jeejeebhoy Towers 25 th floor, Mumbai-400 051 Mumbai -400 001 543350 Bandra Kurla Complex, Bandra (East), n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/6214bc41-5f44-4f23-8f78-1e949a6d974f.pdf

Supreme Industries Ltd. has received a Letter of Acceptance (LOA) from Indian Oil Corporation Limited (IOCL) for the supply of approximately 231,035 units of 10 Kg Composite LPG Cylinders. The contract, valued at around INR 55 crores, is set to be executed within 12 months from the date of LOA placement, with a potential extension of up to an additional 12 months at IOCL's discretion. This order is classified as a domestic contract and does not involve any related party transactions(Block, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/43d1069a-eaa7-48fe-9482-6e4d3f048ade.pdf

5. Media Releases

Reliance Industries Ltd. has announced that its subsidiary, Reliance Jio Infocomm Limited, has acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal during the recent Spectrum Auction conducted by the Department of Telecommunications, Government of India. This acquisition expands Jio's spectrum footprint to 26,801 MHz, reinforcing its leadership in the digital services sector. The spectrum, acquired for a total cost of Rs 973 crores, will be paid over 20 annual installments with an interest rate of 8.65% per annum. This strategic move aims to enhance Jio's network capabilities, ensuring superior customer experience and supporting the growing data demands across both urban and rural markets.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6a9c4dc7-84c6-4cc4-b0ed-f4edc3513c38.pdf

KEC INTERNATIONAL LTD. has secured new orders worth Rs. 1,025 crores in its Transmission & Distribution (T&D) and Cables businesses. The T&D projects include a 765 kV GIS Substation in India from Power Grid Corporation of India Limited (PGCIL), a 225 kV Composite project in West Africa, and supply of towers, hardware, and poles in the Americas. The Cables business has received orders for various types of cables in India and overseas. This inflow of orders has significantly expanded KEC's order book, with a year-to-date order intake surpassing Rs. 4,000 crores, reflecting a growth of over 70% compared to the previous year.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a99a2c8-9cb0-4f39-ba25-26743bb8d874.pdf

6. Preferential Basis

Eraaya Lifespaces Ltd has scheduled a Board of Directors meeting on June 29, 2024, to discuss several key agenda items. These include evaluating the status of the bid to acquire 100% equity of Ebix Inc. through a Plan of Reorganization, enhancing professional governance, and steering the Eraaya business forward. The meeting will also consider proposals to re-jig the core management team, including the inclusion of Mr. Robin Raina and Mr. Vikas Garg on the Eraaya Board of Directors. Additionally, the Board will discuss issuing securities up to USD 150 million through various methods such as Private Placement, Preferential Allotment, and Qualified Institutional Placement to augment long-term resources. The trading window for the company's securities will remain closed from June 26, 2024, until 48 hours after the meeting concludes.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff151ea8-c91e-488d-a3ac-ede3409c1942.pdf

Virinchi Ltd has allotted 5,07,936 equity shares on June 26, 2024, following the conversion of warrants issued on a preferential basis. Each share, with a face value of Rs 10/-, was issued at Rs 42/- (including a premium of Rs 32/- per share). The total application money received was Rs 1,60,00,000/- (75% of the issue price). The shares were allotted to promoter Kompella Viswanath. Consequently, the company's issued and subscribed share capital increased to Rs 101,01,95,330/- divided into 10,10,19,533 equity shares of Rs 10/- each.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6863eac6-8eaa-49ef-8763-0c04236b6c20.pdf

Unifinz Capital India Ltd recently approved the allotment of 50,00,000 Convertible Warrants on preferential basis at an issue price of Rs 56.20 each, totaling Rs 28,10,00,000 to non-promoter group Allottees. Each warrant is convertible into one fully paid-up equity share of face value Rs 10 upon payment of the balance consideration of Rs 42.15 per warrant. The Board meeting concluded at 03:30 PM, and the Company Secretary and Compliance Officer, Ritu Tomar, signed off on the communication to BSE Limited(BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001 BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai -400001, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/47f73678-c842-41fb-a8ad-0e60932bda50.pdf

Inox Green Energy Services Limited (formerly known as lnox Wind Infrastructure Services Ltd.) is planning to raise funds amounting to Rs. 1,050 Crore through a Preferential Issue. This includes issuing equity shares and convertible warrants to both Promoter and Non-Promoter entities. The company aims to issue 2,89,85,503 equity shares at Rs. 1381 each and 4,48,27,582 convertible warrants at Rs. 1451 each, within a period of 18 months. The Board has approved convening an Extraordinary General Meeting on 18th July, 2024 for seeking approval from the members(lnox Wind Infrastructure Services Ltd. lnox Wind Infrastructure Services Ltd & 6A, Noida-201301, Uttar Pradesh, India Noida-201301 Uttar Pradesh India, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/c947cd75-7cd0-48f6-9ff7-e6b3f00483b6.pdf

Navin Fluorine International Limited has scheduled a Board Meeting on June 29, 2024, to discuss and consider a proposal for raising funds up to ₹750 crores. This will be done through various modes such as qualified institutional placement, private placement, public issue, or preferential issue, in accordance with SEBI regulations. The validity of the Special Resolution for this fund-raising, passed at the 25th Annual General Meeting on July 31, 2023, will lapse on July 30, 2024. The proposal is subject to necessary governmental, statutory, and regulatory approvals.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f248b64d-19bc-4a90-bcff-4c8197e4c02c.pdf

BGR Energy Systems Limited is a company based in Chennai, India, with a Board Meeting scheduled for July 4th, 2024, to approve the Directors Report and Notice of AGM. The meeting will discuss raising capital through various means like Rights/Preferential Issue of Shares/Debentures. A separate Committee of the Board will be created with specific terms of reference, and relevant consultants will be appointed for this purpose. The Company Secretary, S. Sundar, will oversee these proceedings(A-5 PANNAMGADU INDUSTRIAL ESTATE, RAMAPURAM POST, SULURPET TALUK, NELLORE DISTRICT, ANDHRA PRADESH 524401 INDIA. PANNAMGADU INDUSTRIAL ESTATE RAMAPURAM POST NELLORE DISTRICT SULURPET TALUK ANDHRA PRADESH A-5, 524401 INDIA et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d29d479-c5f5-41ee-937a-1ca014c0c208.pdf

Inox Green Energy Services Limited (formerly known as Inox Wind Infrastructure Services Ltd.) has approved raising funds of up to Rs. 1,050 Crore through a Preferential Issue. This includes issuing equity shares and convertible warrants to both Promoter and Non-Promoter entities. The Board has also scheduled an Extraordinary General Meeting on July 18, 2024, for approval of the securities issuance. The company aims to raise Rs. 400 Crore through equity shares and Rs. 650 Crore through convertible warrants, subject to shareholder approval(lnox Wind Infrastructure Services Ltd. lnox Wind Infrastructure Services Ltd & 6A, Noida-201301, Uttar Pradesh, India Noida-201301 Uttar Pradesh India, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/55755fc9-d431-4544-a6c3-d17dfce3b666.pdf

7. Press Releases

Medinova Diagnostic Services Ltd. has announced a Scheme of Amalgamation with Vijaya Diagnostic Centre Limited, approved by their respective Boards on June 26, 2024. The merger aims to combine their diagnostic services, creating synergies and enhanced value for stakeholders. Medinova, a subsidiary of Vijaya holding a 62.14% equity stake, will see its public shareholders receive 1 equity share of Vijaya for every 22 shares of Medinova. The merger, subject to regulatory approvals, is expected to complete within 9 to 12 months and will streamline operations, reduce costs, and improve cash management.https://www.bseindia.com/xml-data/corpfiling/AttachLive/beea6b39-bc90-4012-b6ba-e4a790449511.pdf

PTC India Financial Services Ltd. issued a corrigendum on June 26, 2024, correcting the date of a previous intimation regarding the appointment of their Managing Director & Chief Executive Officer (MD&CEO). The initial document erroneously mentioned the meeting date as June 26, 2023, which should be read as June 26, 2024. All other terms and contents of the original intimation remain unchanged. The corrected information is available on the company's website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/28c59023-a32a-44a7-8925-207cd2f5f91f.pdf

PI Industries Ltd. has announced a strategic move to acquire Plant Health Care Plc (PHC), an AIM UK-listed company, for approximately £32.8 million. This acquisition aligns with PI's long-term objective to enhance its portfolio of integrated solutions for sustainable agriculture. PHC, known for its advanced protein/peptide technology, reported consolidated revenue of ~USD 11 million with a 60% gross margin for the year ending December 31, 2023. The acquisition will be executed through a wholly-owned international subsidiary of PI and is expected to be completed by Q2 FY25, subject to UK court approval and shareholder consent.https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f505ec9-9429-4c4b-82a3-f995dcf626b5.pdf

Muthoot Microfin Ltd. has announced the appointment of Mr. Sadaf Sayeed, CEO, as the Co-Chair of Sa-Dhan, the largest and oldest association of microfinance and impact finance institutions in India. This appointment, made during Sa-Dhan's 26th Annual General Body Meeting, highlights Mr. Sayeed's significant contributions to the microfinance sector. Muthoot Microfin Ltd., part of the Muthoot Pappachan Group, serves 3.35 million active customers through 1,508 branches across 19 states and 353 districts, with a Gross Loan Portfolio (GLP) of ₹12,193.5 Cr as of March 31, 2024. The company focuses on promoting entrepreneurship among women and inclusive growth by providing financial assistance through micro loans.https://www.bseindia.com/xml-data/corpfiling/AttachLive/58139275-ccfb-4544-b142-35f3a6712eaf.pdf

Bharti Hexacom Ltd has recently acquired 15 MHz of spectrum for Rs 1,001 crore as part of a larger purchase by Bharti Airtel, which secured 97 MHz spectrum for Rs 6,857 crore. This acquisition aims to bolster Bharti Hexacom's mid-band spectrum holding, enhancing its 4G and 5G services across key circles. The company, a subsidiary of Bharti Airtel, provides mobile, fixed-line, and broadband services in Rajasthan and the North East telecommunication circles of India. This strategic move aligns with Bharti Airtel's goal to maintain its leadership in delivering superior customer experiences through advanced technology and improved coverage.https://www.bseindia.com/xml-data/corpfiling/AttachLive/18a45eef-a411-4bfc-9e86-1257e157320c.pdf

Bharti Airtel Ltd. has announced a significant acquisition of 97 MHz spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands for Rs 6,857 crore, securing the spectrum for 20 years. This strategic purchase includes renewing expiring spectrum and acquiring additional mid-band spectrum to enhance 4G and 5G services across key circles. Bharti Hexacom Ltd., a subsidiary, acquired 15 MHz for Rs 1,001 crore. This move aligns with Airtel's strategy to maintain the largest mid-band spectrum pool in India, ensuring improved indoor coverage and enhanced browsing speeds for customers.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ad41a487-a89f-4c89-8b5e-c45fd7332685.pdf

Duroply Industries Limited celebrates its 68th year of excellence in plywood manufacturing, highlighting its commitment to customer satisfaction, quality, and innovation. The company, led by the third generation of entrepreneurs, has introduced global best practices and technological know-how to redefine the Indian plywood industry. Duroply has a strong network across 26 states and union territories, with deep relationships with over 4,000 architects and interior designers, and a network of over 12,000 carpenters and contractors. The company offers a complete range of plywood, block boards, doors, and decorative veneers, and is known for its industry-first initiatives like the Lifetime Guarantee on most products and the 10 feet range of plywood under the brand ‘Duro Plus’.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a76272d0-d748-4dd1-8970-ef9ca4255349.pdf

Mazagon Dock Shipbuilders Ltd has been elevated to 'Navratna' status by the Ministry of Finance, Govt. of India, as of June 25, 2024. This prestigious recognition makes MDL the 21st Navratna CPSE in the country, the 3rd in Defence PSUs, and the first shipyard to achieve this status. For the fiscal year 2023-24, MDL reported a consolidated annual turnover of Rs. 9467 Crores and a net profit of Rs. 1845 Crores. The company, which previously earned Miniratna status in 2006, also holds a 47.21% equity share in Goa Shipyard Limited. The elevation to Navratna status underscores MDL's consistent performance, technical proficiency in warship and submarine building, and its commitment to contributing significantly to India's defence sector growth.https://www.bseindia.com/xml-data/corpfiling/AttachLive/cdaf9946-c755-4bff-85b7-7192eca9ee3c.pdf

Rose Merc Ltd. has announced its partnership with Mazgaon Cricket Club (MCC) for the 2nd Season of the Mumbai Cricket Excellence 2024 award night. This event, approved by the Mumbai Cricket Association (MCA), aims to honor emerging players and unsung heroes in cricket. The inaugural event last year was a significant success, setting a benchmark in the cricketing world. The upcoming event, scheduled for October 19, 2024, promises to be bigger and grander, with high anticipation among cricket enthusiasts. Vaishali Parkar Kumar, Executive Director of Rose Merc Ltd., expressed excitement about continuing this partnership and acknowledged the contributions of cricket clubs in nurturing talent.https://www.bseindia.com/xml-data/corpfiling/AttachLive/157c675e-1e35-4da6-98bf-06a8708ba872.pdf

SJVN Limited has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited, a subsidiary of the Greenko Group, to develop one of the world's largest Green Ammonia Platforms in Kakinada, Andhra Pradesh. The project will be executed in two phases, starting with a capacity of one million tons per annum (MTPA) and scaling up to five MTPA by 2030. SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, will explore setting up 4,500 MW of renewable energy projects, including 2,500-3,000 MW of solar and 1,500-2,000 MW of wind projects, ensuring an annual supply of about 11,500 million units. This MoU marks SGEL's first venture into the Commercial & Industrial Segment, with a current renewable energy portfolio of approximately 7.2 GW under various stages of development.https://www.bseindia.com/xml-data/corpfiling/AttachLive/23fe8e41-f052-4b57-ad38-e1846041e2c9.pdf

State Bank of India (SBI) recently raised Rs 10,000 crores through its fifth infrastructure bond issuance at a coupon rate of 7.36%. The issue received an overwhelming response from investors, with bids exceeding Rs 19,884 crores, oversubscribed by around 4 times. The funds raised will be used to enhance long-term resources for infrastructure and affordable housing. SBI accepted Rs 10,000 crores at a coupon rate of 7.36% for a tenor of 15 years, rated AAA with a stable outlook. This issuance aims to develop a long-term bond curve and encourage other banks to issue bonds of longer tenor(The Listing Department, BSE Limited, Phiroje Jeejeebhoy Towers, 25 Th Floor, Dalal Street, Mumbai -400001. BSE SCRIP Code: 500112, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/72a39e9d-243e-4bb2-9344-00adc730b2ac.pdf

The document provides information about a recent bond issuance by State Bank of India (SBI), with BSE SCRIP Code: 500112. SBI raised Rs 10,000 crores at a coupon rate of 7.36% through its fifth infrastructure bond issuance. The issue received an overwhelming response from investors, with bids exceeding Rs 19,884 crores, oversubscribed by around 4 times against the base issue size of Rs 5,000 crores. The bonds will be used to enhance long-term resources for funding infrastructure and affordable housing. SBI accepted Rs 10,000 crores at a coupon rate of 7.36% for a tenor of 15 years, rated AAA with a stable outlook. This issuance contributes to the total outstanding Long-Term Bonds issued by SBI, which now stands at Rs 49,718 crores(The Listing Department, BSE Limited, Phiroje Jeejeebhoy Towers, 25 Th Floor, Dalal Street, Mumbai -400001. BSE SCRIP Code: 500112, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/72a39e9d-243e-4bb2-9344-00adc730b2ac.pdf

L&T Technology Services Ltd is a subsidiary of Larsen & Toubro Limited, specializing in Engineering and R&D services. They provide consultancy, design, development, and testing services across various industries. With over 23,800 employees, they serve 69 Fortune 500 companies and 57 top ER&D firms globally. Headquartered in India, LTTS has a significant presence with 22 design centers, 28 sales offices, and 104 innovation labs worldwide as of March 31, 2024(House et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/060794c8-0e5a-4029-97c5-a8e8d9583563.pdf

ITD Cementation India Limited recently secured a new Marine Contract worth approximately Rs 1,082 Crore, including taxes and duties, for constructing the Third Berth (Jetty) and additional works at Dahej LNG terminal in Gujarat. The company is a prominent Engineering and Construction firm in India, with expertise in various sectors like Maritime Structures, Mass Rapid Transit Systems, Airports, and more. This contract falls within the ordinary course of business for the company(Cementation et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/940ff90b-1dff-48df-8784-a6adc056a2d1.pdf

L&T Technology Services Ltd is a subsidiary of Larsen & Toubro Limited, specializing in Engineering and R&D services. They provide consultancy, design, development, and testing services across various industries. With a workforce of over 23,800 employees, they serve 69 Fortune 500 companies and 57 of the world's top ER&D firms. Headquartered in India, LTTS has a global presence with 22 design centers, 28 sales offices, and 104 innovation labs as of March 31, 2024[NO_PRINTED_FORM].https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e979e88-68cf-494f-9958-aa1971e0e3c4.pdf

JSW Energy Ltd has announced that its wholly-owned subsidiary, JSW Neo Energy Limited, has signed Power Purchase Agreements (PPAs) for wind and solar projects totaling 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Limited (SECI) and 300 MW with Gujarat Urja Vikas Nigam Limited (GUVNL). The wind project, the largest single tranche PPA signed by SECI, has a blended tariff of ₹3.62/KWh for 25 years and is located in Gujarat and Karnataka. The solar project, with a tariff of ₹2.66/KWh for 25 years, is located in Gujarat. These projects are expected to be commissioned within 24 and 21 months, respectively, increasing JSW Energy's total locked-in generation capacity to 13.6 GW, with a goal of reaching 20 GW by 2030.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f9737eaa-2965-4ce7-b18d-e4bdb95cc849.pdf

MIC Electronics Limited has disclosed the details of its Qualified Institutions Placement (QIP) of equity shares. The company issued and allotted 1,95,65,217 equity shares at an issue price of ₹46 per share, including a premium of ₹44 per share, aggregating to ₹89,99,99,982. The allotment was approved by the Management Committee on June 26, 2024. Significant allottees include Antara India Evergreen Fund Ltd with 43,47,826 shares (22.22% of the issue), Coeus Global Opportunities Fund with 86,95,652 shares (44.44%), and Minerva Ventures Fund with 65,21,739 shares (33.33%).https://www.bseindia.com/xml-data/corpfiling/AttachLive/33c87096-6b8a-4979-bdb0-31f6bd7e83f2.pdf

MIC Electronics Limited has successfully completed a Qualified Institutions Placement (QIP) of equity shares with a face value of Rs. 2 each. The Management Committee approved the closure of the issue on June 26, 2024, following the receipt of application forms and funds from eligible qualified institutional buyers. A total of 1,95,65,217 equity shares were allocated at an issue price of ₹46 per share, which includes a premium of ₹44 per share. The placement document dated June 2, 2024, was also approved and adopted during the meeting(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/661747df-310a-409a-8e7e-f4389a7525cf.pdf

8. Acquisition

Dharni Capital Services Ltd held a Board of Directors meeting on June 26, 2024, where they approved the acquisition of 49.28% shares in a proposed company, Dhanayu Finance Private Limited, for a cash consideration of Rs. 6,11,10,000. This acquisition involves 6,111,000 equity shares at Rs. 10 each. The proposed company will operate as a Non-Banking Financial Company (NBFC) and will require RBI approval for registration. The promoters will serve as directors in the new entity, ensuring the transaction is conducted at arm's length.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b954f7b-73b5-4a28-9ece-1474d1b66901.pdf

BLS International Services Ltd has announced the incorporation of an overseas wholly owned step-down subsidiary, BLS International Holding Anonim Şirketi, under Turkish law on June 26, 2024. This new entity, with a share capital of 700 million Turkish Liras, aims to acquire and manage companies in Turkey, focusing on investment, financing, and organizational management. The acquisition aligns with BLS International's core business in travel and allied services. The promoter group has no additional interest in the new subsidiary beyond its status as a related party.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d17707b-524c-464a-8d11-50890d0e7f0e.pdf

UPL Limited has announced the incorporation of a new wholly-owned subsidiary, UPL Agri Mauritius Limited, effective 21st June 2024. This subsidiary will focus on trading chemicals, including agro-chemicals and agri-commodities. The company, newly incorporated, has no turnover history and is expected to receive an investment of up to USD 10 million from UPL Limited in various tranches. UPL Limited holds 100% shares in this Mauritius-based entity, which does not require any additional regulatory approvals for the investment.https://www.bseindia.com/xml-data/corpfiling/AttachLive/037d72dd-dadb-450c-b4f1-32ed55980144.pdf

UPL Limited has announced the incorporation of a new wholly-owned subsidiary, UPL AgroSolutions Mauritius Limited, effective 20th June 2024. This subsidiary will focus on trading chemicals, including agro-chemicals and agri-commodities. The incorporation was confirmed on 26th June 2024, and UPL Limited plans to invest up to USD 10 million in equity or other securities in various tranches. The new entity is 100% owned by UPL Limited and is based in Mauritius. The promoter group has no direct or indirect interest in this subsidiary, and no additional regulatory approvals are required for this investment.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0eb3c5ed-a3b1-4ddb-a49a-9432b0c94577.pdf

PI Industries Ltd. has announced an offer to acquire the entire issued and to be issued share capital of Plant Health Care Plc, a UK-incorporated company listed on AIM. The acquisition, valued at £32.78 million, will be executed through a wholly-owned subsidiary of PI Industries. This strategic move aims to enhance PI Industries' integrated agri-solutions portfolio by combining chemical and biological inputs. The acquisition is subject to approval by a majority of Plant Health Care Plc shareholders and the sanction of the English courts. The completion is expected within three months from the Rule 2.7 Announcement.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ced9a6e2-afbc-41b5-96f2-91e054f8af61.pdf

Dr. Reddy's Laboratories Ltd. has announced a significant acquisition of Nicotinell® and related brands from Haleon plc. The acquisition involves Dr. Reddy’s wholly-owned subsidiary, Dr. Reddy’s Laboratories SA, acquiring all quotas of Northstar Switzerland SARL, a newly incorporated entity with step-down subsidiaries in the UK and Sweden. The portfolio, which generated approximately GBP 217 million in revenue in CY 2023, includes global NRT brands like Nicotinell, Nicabate, Habitrol, and Thrive, sold in over 30 countries. The total consideration for the acquisition is GBP 500 million, with an upfront cash payment of GBP 458 million and performance-based contingent payments of up to GBP 42 million. The transaction is expected to close by early Q4 of 2024, subject to regulatory approvals and customary closing conditions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f940c00f-0008-42a8-8476-ccf0eb5f9b0d.pdf

Nibe Limited has announced the incorporation of a new subsidiary, Nibe Space Private Limited, on June 25, 2024. This subsidiary will focus on the research and development of space and aerospace products, including propulsion systems and satellite launch vehicles. Nibe Limited holds a 76% stake in the new entity, with an initial share capital contribution of Rs. 76,000. The acquisition does not fall under related party transactions and does not require any governmental or regulatory approvals. The newly formed company is set to engage in both domestic and international space sector activities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/dbb26cff-ea36-41cb-9edb-b6a600e46f1c.pdf

Orbit Exports Ltd. has appointed Ms. Pranali Chawhan as the Company Secretary & Compliance Officer. They have also approved the development of a 2MW Solar Captive Generating Plant in south Gujarat region with 26% equity in the Special Purpose Vehicle. The power units generated will be supplied to their facilities at a discounted price. The acquisition of K&H Constructions Private Limited for this project involves a cash consideration of up to Rs. 75 Lakhs, with completion expected by March 2025. The acquired entity was incorporated on June 6, 2011, in India with a turnover of Nil(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/74421e7d-aa1a-4a9c-a458-e6c4217a8251.pdf

9. Credit Rating

Bombay Dyeing & Manufacturing Company Limited received an update on bank lenders and facilities from CRISIL Ratings Limited in June 2024. The update included details of bank-wise facility amounts, lenders, and ratings. Notable information includes a cash credit facility of 50 crores from State Bank of India with a CRISIL rating of BBB+/Stable and a non-fund based limit of 450 crores with a CRISIL rating of A2+. The company's proposed working capital facility was deemed not applicable with a CRISIL rating of BBB+/Stable(Bse et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/d159e569-8102-4bb2-9cb7-a8d2a41f7a72.pdf

Adani Ports and Special Economic Zone Ltd has received an upgrade in its credit outlook from S&P Global Ratings, shifting from "Stable" to "Positive" while reaffirming its rating at "BBB-". This update, in accordance with Regulation 30(6) of the SEBI Listing Regulations, reflects the company's improved financial stability and growth prospects. The announcement was made on June 26, 2024, and was signed by Kamlesh Bhagia, the Company Secretary.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c3f3fb3b-739f-4561-88cc-646cdc745699.pdf

Ruchira Papers Ltd. has received a reaffirmation of its credit ratings from CARE Ratings Ltd. as of June 25, 2024. The long-term bank facilities, now enhanced to Rs. 147.00 crore, have been rated CARE A-; Stable. Additionally, the long-term/short-term bank facilities amounting to Rs. 5.75 crore and short-term bank facilities of Rs. 7.00 crore have been rated CARE A-; Stable / CARE A2+ and CARE A2+ respectively. The outlook for these ratings has been revised from Positive to Stable.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8c4fb4a3-4d76-407f-911e-77623d3181c9.pdf

KG PETROCHEM LTD has experienced a revision in its credit rating for bank facilities amounting to ₹121.99 crore. The company's long-term bank facilities have been downgraded to CARE BBB-; Stable, and short-term facilities to CARE A3, reflecting a continuous decline in operating profitability over the past two years, resulting in lower gross cash accruals and weakened debt coverage indicators(Hanuman Nagar, Vaishali Nagar, Jaipur-302021, Rajasthan Hanuman Nagar Vaishali Nagar Jaipur-302021 Rajasthan, n.d.). Despite a moderate scale of operations with a total operating income of ₹334.35 crore in FY24, the company faces challenges such as a leveraged capital structure, slow ramp-up in the artificial leather segment, and a concentrated customer base(Hanuman Nagar, Vaishali Nagar, Jaipur-302021, Rajasthan Hanuman Nagar Vaishali Nagar Jaipur-302021 Rajasthan, n.d.). The liquidity remains adequate, supported by positive cash flows and additional working capital limits, although high utilization of fund-based limits and elongated operating cycles pose risks(Hanuman Nagar, Vaishali Nagar, Jaipur-302021, Rajasthan Hanuman Nagar Vaishali Nagar Jaipur-302021 Rajasthan, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/bf3ee790-cfe3-49d6-9ea0-253eb9e37368.pdf

Aarti Pharmalabs Ltd has received a reaffirmation of its credit ratings from CRISIL Ratings Limited for its long-term bank loan facilities. The total bank loan facilities rated have been enhanced from Rs. 400 crores to Rs. 700 crores, maintaining a CRISIL A+/Positive rating. This rating reflects CRISIL's current opinion on the likelihood of timely payment of obligations under the rated instrument. The rating actions were reaffirmed as of June 26, 2024. The detailed bank-wise ratings include facilities from Standard Chartered Bank, Kotak Mahindra Bank, Citi Bank, State Bank of India, and Axis Bank, each rated at CRISIL A+/Positive for amounts ranging from Rs. 75 crores to Rs. 200 crores.https://www.bseindia.com/xml-data/corpfiling/AttachLive/dcb1e7ac-20d9-4e74-bf60-0508752ef370.pdf

IOL Chemicals & Pharmaceuticals Ltd. has had its credit rating reaffirmed by CARE Ratings Limited as of June 25, 2024. The long-term bank facilities, specifically fund-based working capital amounting to Rs. 140 Crore, have been rated CARE A+; Stable. Additionally, the short-term bank facilities, which are non-fund-based working capital totaling Rs. 460 Crore, have been rated CARE A1+. This reaffirmation is pursuant to Regulation 30 and other provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d1dca0a3-8d60-4a9e-9f8c-06a919f9db73.pdf

Virtualsoft Systems Ltd. held a Board of Directors meeting on June 25, 2024, approving several key business decisions. The company will acquire Empyrean Spirits Private Limited (ESPL) by swapping 1,94,02,960 equity shares, making ESPL a wholly-owned subsidiary. Additionally, Virtualsoft will raise funds through the preferential issue of 54,25,000 equity shares and 72,02,000 fully convertible warrants, aggregating ₹5.42 crore and ₹7.20 crore, respectively. The board also approved increasing the authorized share capital to ₹50 crore and plans to sell its stake in Roam1 Telecom Limited for ₹10.04 crore. An Extraordinary General Meeting is scheduled for July 25, 2024, to seek member approvals for these actions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/b11cf72f-e6f1-4d2c-b902-f3a915e9b99b.pdf

Latent View Analytics Ltd has announced an extension for the completion of the first tranche of its acquisition of Decision Point Private Limited. Initially, the acquisition of 70% of the equity share capital was to be completed within 90 days of the execution of the Transaction Documents. However, through a Letter of Understanding executed on June 26, 2024, the timeline has been mutually extended to 120 days. All other terms of the Transaction Documents remain unchanged. This extension is crucial for ensuring a smooth transition and integration process for the acquisition.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc34cfc9-2dde-4689-9e7a-806b85822ce9.pdf

Diamond Power Infrastructure Limited has announced the incorporation of a wholly-owned subsidiary named DICABS Nextgen Special Alloys Private Limited on June 26, 2024. The new subsidiary, registered under CIN: U27320GJ2024PTC152908, will focus on manufacturing wire-rod, wire-drawing, strip-drawing, sheet rolling, processing, rewinding, cables, and conductors. The initial paid-up capital is Rs. 3,000, consisting of 300 equity shares at Rs. 10 each. The subsidiary is yet to commence business operations.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b3443e4-6b37-4bfb-916f-60942be708b1.pdf

Saksoft Limited has completed the acquisition of Augmento Labs Private Limited as of June 26, 2024. This follows the initial announcement made on June 12, 2024, under Regulation 30 of the SEBI LODR Regulations, 2015. The company has formally notified the National Stock Exchange of India Limited and BSE Limited about the completion of this transaction.https://www.bseindia.com/xml-data/corpfiling/AttachLive/20bdb35d-9009-4274-81e2-81f8193bba0e.pdf

Loyal Textile Mills Ltd. has announced the resignation of its Chief Financial Officer, Mr. K. Ganapathi, effective from the closing hours of June 29, 2024. The resignation is due to personal reasons, as stated in his formal resignation letter dated June 24, 2024. The company has communicated this change in compliance with SEBI regulations, specifically SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. Mr. Ganapathi expressed his gratitude for the opportunities and growth he experienced during his tenure and extended his best wishes to the company for its future success.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0c309a9c-c86d-4d43-8cb2-0095d710c1a2.pdf

Gogia Capital Services Limited recently faced the resignation of their Statutory Auditors, M/s Sandeep Kumar Singh & Co, due to their inability to continue in their role. The resignation was dated June 25, 2024, citing pre-occupations as the reason. The company disclosed this information in compliance with regulations set by the Securities and Exchange Board of India. The resignation letter with Annexure A was submitted to the authorities as required.https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ffb6310-330f-48f0-85ea-63a615221b5b.pdf

10. Rights Issue

Viji Finance Ltd has announced the closure of its Right Issue period, which commenced on Tuesday, 28th May 2024, and concluded on Wednesday, 26th June 2024. This information was communicated to the relevant stock exchanges, including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited. The announcement was made by Vijay Kothari, the Chairman and Managing Director of the company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1749bb9e-fa07-4b0b-8525-64ee5b8a30a2.pdf

Exide Industries Ltd. has made a significant investment of Rs. 49,99,99,968 in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue on 26th June 2024. This investment brings the total investment in EESL to Rs. 2,502.24 crore. EESL, incorporated on 24th March 2022, focuses on manufacturing and selling lithium-ion battery cells, modules, and packs for electric vehicles and stationary applications. Despite this investment, Exide Industries' shareholding in EESL remains unchanged at 100%. The funds will support EESL's green field plant project in Bengaluru.https://www.bseindia.com/xml-data/corpfiling/AttachLive/35ca2394-26f0-447d-87af-d45a02ffc68e.pdf

Astec Lifesciences Limited has provided an update regarding the Family Settlement Agreement (FSA) dated April 30, 2024. The company received a letter on June 26, 2024, from key members of the promoter group of Godrej Agrovet Limited, indicating that the realignment pursuant to the FSA is expected to be completed by July 2024. This follows the approval from the Competition Commission of India on June 18, 2024. The company has requested the stock exchanges to take this update on record(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/a7ab139a-3581-40dc-a347-2389df77f57e.pdf

Godrej Consumer Products Ltd. has provided an update on the Family Settlement Agreement (FSA) dated April 30, 2024. The company received approval from the Competition Commission of India on June 18, 2024, for the realignment set out in the FSA. The realignment is expected to be completed by July 2024 or another agreed date. This update was communicated to the stock exchanges as per SEBI regulations.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f8ed17d-0750-4bb0-bd63-36c785dedfbd.pdf

Godrej Properties Ltd has provided an update on the Family Settlement Agreement (FSA) through a letter dated June 26, 2024. The company received a joint letter from key members of the promoter group, including Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Mrs. Smita Godrej Crishna, indicating that the realignment pursuant to the FSA is expected to be completed by July 2024. This follows the approval from the Competition Commission of India (CCI) received on June 18, 2024. The company has requested the stock exchanges to take this update on record.https://www.bseindia.com/xml-data/corpfiling/AttachLive/932cfde7-cbe6-49ab-8981-9d94e10fc2e2.pdf

Godrej Agrovet Ltd has provided an update on the Family Settlement Agreement (FSA) dated April 30, 2024. The company received a letter on June 26, 2024, from key members of the promoter group, including Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Mrs. Smita Godrej Crishna. The letter indicates that the realignment pursuant to the FSA, which received approval from the Competition Commission of India on June 18, 2024, is expected to be completed by July 2024. The company has requested the stock exchanges to take this update on record.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8866b217-636e-43d8-86b6-239840113c77.pdf

Godrej Industries Limited has received a letter dated June 26, 2024, from key promoters including Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Mrs. Smita Godrej Crishna, regarding a Family Settlement Agreement. The realignment pursuant to this agreement is expected to be completed in July 2024. The Company has obtained approval from the Competition Commission of India for the realignment, and it is set to proceed as per the terms of the agreement. This update was provided in compliance with SEBI regulations on disclosure requirements(National Stock Exchange of India Limited Exchange Plaza, Bandra -Kurla Complex, Bandra (East), Mumbai-400 051 National Stock Exchange of India Limited Exchange Plaza Bandra -Kurla Complex Mumbai-400 051 Bandra (East), n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/eee839dc-3f09-42b3-8f81-972b280b5ca2.pdf

JB8sonpal Finance & Leasing Limited has signed a Share Purchase Agreement (SPA) with Mr. Karthik Srinivasn for the transfer of their entire shareholding. The existing Promoter and Promoters Group hold a total of 55.94% of the paid-up capital. The Acquirer has appointed M/s Arihant Capital Markets Ltd as the Merchant Banker for the transaction(BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 051 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 051, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/11ca634d-dd59-49cc-9dc3-fe27842cd4b6.pdf

11. Earnings Transcript

Awfis Space Solutions Ltd reported a significant growth in FY24, with consolidated revenues from operations reaching INR 849 crores, a 56% year-on-year increase. The company operates 181 centers across 17 cities, with 110,540 operational seats and an additional 15,500 seats under fit-out. Awfis's business model includes a mix of Straight Lease and Managed Aggregation models, with 64% of centers under the latter, contributing to higher return ratios. The company aims to add around 40,000 new seats in FY25, targeting a total of approximately 135,000 seats by the end of the fiscal year. EBITDA margins are expected to improve by 1.5% in FY25, driven by increased occupancy and operational efficiencies.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f6f9dfd-bcb3-4cdb-b43d-fa8e96c69a72.pdf

Gujarat State Fertilizers & Chemicals Ltd. (GSFC) reported a significant reduction in revenue and profitability for Q3 FY'24, primarily due to a substantial reduction in government subsidies on fertilizers from October 2023 onwards. The company's Q3 PAT was INR 112 crores, down from an adjusted INR 250 crores in the previous year. Despite this, GSFC projects a 10% volume growth in fertilizer business for the full year, reaching around 20 lakh metric tons, with a further 25% rise expected in FY'25 due to the new Ammonium Sulphate V plant. The company also highlighted ongoing efforts to manage costs and improve efficiency, including a 25% reduction in gas prices compared to the previous year and plans to produce green ammonia(n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/7dbe8bfe-5327-4b4b-814a-c0fab46ecfca.pdf