NSE BSE Stock Updates - Business Announcements, a deep analysis

29th June 2024 Updates from: Share price, Stock financial, operational and more corporate announcements.


Information is Wealth. ⬇️


Table of Contents:

1. New Order Book

South West Pinnacle Exploration Ltd has received a work order from JK Cement Ltd for survey and exploration services of a coal block in Madhya Pradesh. The total value of the order is approximately INR 633 Lac, inclusive of GST. The contract stipulates that SWPE will deploy necessary equipment and resources upon receiving relevant clearances from JKCL, with payments to be made within 15 days of bill submission. The project is expected to be completed by June 2025. This order is from a domestic entity and does not involve any related party transactions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/744177fc-5e97-40be-8416-fd10c36295b4.pdf

GE Power India Ltd has announced the receipt of significant purchase orders from NTPC Limited and Maharashtra State Power Generation Company Limited. The contracts involve the servicing of generators and the supply of reheater rear pendent coils assembly for Units 3 and 4 at Khaperkheda TPS. The orders are valued at INR 6,07,68,635 and INR 5,99,58,042 respectively, excluding GST. The execution timelines are 6 months for the generator servicing and 9 to 13 months for the supply of reheater coils. Both contracts are domestic and do not involve related party transactions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/97ad9645-9f81-474a-ac8c-da2a3083c2cf.pdf

Sundaram-Clayton Limited has scheduled a Board of Directors meeting on 3rd July 2024 to discuss raising funds through the issuance of eligible securities. This may include public and/or private offerings, such as preferential issues, qualified institutions placements, or further public offerings. The proposal is subject to necessary regulatory and shareholder approvals. This announcement complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (Chaitanya et al., n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/e0fda3cf-a4af-4434-8961-a2ef4e969eae.pdf

2. Bonus issue

Rajoo Engineers Ltd. held a Board Meeting on June 28, 2024, where several key decisions were made. The Board approved an increase in the authorized share capital from Rs. 7.7 crores to Rs. 15 crores. A 1:1 bonus issue was recommended, meaning one new equity share for every existing share. Furthermore, a final dividend of 25% (Rs. 0.25 per pre-bonus share) was proposed for the financial year ending March 31, 2024.

The bonus shares will be issued from the company's free reserves and securities premium account, and the post-bonus paid-up equity share capital is expected to be Rs. 12.3 crores. The bonus shares are to be credited within two months from the Board's approval.https://www.bseindia.com/xml-data/corpfiling/AttachLive/26e31087-86d1-4a9f-a9f4-74886c4a00c2.pdf

Rajoo Engineers Ltd. announced key outcomes from its Board Meeting on June 28, 2024. The Board approved an increase in authorized share capital from ₹7.7 crores to ₹15 crores and recommended a 1:1 bonus equity share issue, subject to shareholder approval via Postal Ballot. Additionally, a final dividend of 25% (₹0.25 per equity share pre-bonus) for FY 2023-24 was proposed, translating to ₹0.125 per share post-bonus. The bonus shares, totaling 6,15,04,574, will be issued from free reserves and the securities premium account, with the post-bonus paid-up equity share capital expected to be ₹12,30,09,148.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb677f95-ddfe-4f26-b603-69a321f0724f.pdf

Allcargo Logistics Ltd. reported a 4% increase in LCL (Less than Container Load) volume for May 2024 compared to April 2024, but a 1% decline compared to May 2023. The company expects demand to rise, boosting freight rates and volumes through the peak season. Significant volume increases were noted in APAC (Asia-Pacific), LATAM (Latin America), the United States, Europe, and the Middle East. Container utilization improved marginal, and the 40 feet container usage index showed efficiency gains. FCL (Full Container Load) volume surged by 10% month-over-month and 15% year-over-year. Higher volumes were recorded in APAC, LATAM, and the Middle East.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa83a7a8-3f74-498d-870e-e071c415edd6.pdf

Ajanta Pharma Limited recently completed a buyback of equity shares, extinguishing a total of 10,28,881 shares. The buyback process began on June 5, 2024, and concluded on June 11, 2024. The company's paid-up capital post-extinguishment was 12,48,87,774 shares. Additionally, the shareholding pattern post-buyback revealed that Promoters and Promoter Group held 8,27,63,777 shares, constituting 66.27% of the post-buyback equity share capital.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e568ba8a-d12f-4a19-8002-5d2060258594.pdf

3. New Operation

Shoppers Stop Ltd. has announced the commencement of operations from new stores. The first store, Intune Oakwood, located at Siddhi Apartment, Shani Mandir Road, Sriprastha, Nalasopara West, Nalasopara-401203, will begin operations on June 30, 2024. The second store, Intune GJ Central Alkapuri, situated at Kanha Central, RC Dutt Rd, opp. Hotel Express, Aradhana Society, Alkapuri, Vadodara, Gujarat-390005, will commence operations in June 2024. This expansion is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/82738929-f261-449f-80f5-3e5fd6a30fb3.pdf

Asahi Songwon Colors Ltd. has announced that its wholly owned subsidiary, Atlas Life Sciences (India) Private Limited, has successfully completed trial runs of Active Pharmaceutical Ingredients (API) and commenced commercial production at its plant in Chhatral, Gandhinagar, Gujarat. This significant milestone was communicated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested that this information be recorded officially.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a232cd4b-c698-4545-909f-53ea5ce6bb92.pdf

UltraTech Cement Ltd. has announced the commissioning of an additional 3.35 mtpa clinker and 1.8 mtpa grinding capacity at its Tadipatri unit in Andhra Pradesh. This expansion is part of the 22.6 mtpa capacity increase announced in June 2022. Moreover, the company has increased the grinding capacity at its Jharsuguda unit in Odisha by 0.4 mtpa, bringing it to 4.5 mtpa. As a result, UltraTech Cement's total cement capacity has now reached 154.86 mtpa.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9ebd41a8-6679-47c1-a3c4-568ef7ecd6f0.pdf

Adani Ports and Special Economic Zone Ltd. has successfully completed the divestment of a 49% stake in Adani Ennore Container Terminal Private Limited to Mundi Limited. Mundi is an indirect subsidiary of Terminal Investment Limited and an associate of Mediterranean Shipping Company. This update follows the company's previous communication dated December 15, 2023. The transaction signifies a strategic move in Adani Ports and Special Economic Zone Ltd.'s portfolio management.https://www.bseindia.com/xml-data/corpfiling/AttachLive/39aff0fc-14ae-4734-8fa9-c2a6954bf828.pdf

KUANTUM PAPERS LTD is a leading agro and wood-based paper manufacturer with a strong presence in the market. The company has shown significant growth in sales volume and operational revenue over the years. Kuantum Papers has a diverse product portfolio including specialty papers. They have a wide network of dealers across India and have expanded their export footprint to over 30 countries. The company is known for its high-quality products and strategic utilization of raw materials like wheat straw, sarkanda, and bagasse. Kuantum & Singh Makkar (n.d.) stated that Kuantum Papers's future growth strategy includes increasing production capacity, developing specialty products, and leveraging Industry 4.0 technologies for operational efficiency.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a5296de4-145c-4939-82bc-f7694dc7d0b9.pdf

Shri Bajrang Alliance Ltd has announced asignificant capital expansion of its Ethanol Plant located at Kh. No. 1105/7 Kharora Road, Village & Tehsil-Arang, Dist.-Raipur-493441 (C.G.). The expansion will increase the plant's production capacity by 60%, adding 120 KLPD to the current capacity of 200 KLPD. This strategic move aligns with the company's long-term vision to drive growth, enhance revenue and profitability, broaden its customer base and market share, and implement various improvements aimed at optimizing service to its valued customers and members.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e14f3ede-2ea4-4fe6-8426-d61544eb2323.pdf

4. FDA Observations

ALEMBIC PHARMACEUTICALS LTD received USFDA Final Approval for Doxycycline Capsules, 40 mg on June 28, 2024. The approved drug is therapeutically equivalent to Oracea Capsules, 40 mg, with an estimated market size of US$123 million for the twelve months ending March 2024. Alembic has a total of 205 ANDA approvals from USFDA and is a leading manufacturer of generic pharmaceutical products globally. (n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/6d2a13fe-b8c2-4b9c-b247-adef4588c12b.pdf

5. Investor Presentation

EPACK Durable Limited has released an updated Investor Presentation as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. The presentation, dated June 28, 2024, is available on the company's website. The document provides insights into the company's performance and strategic initiatives. For further details, visit the EPACK Durable Limited website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/08338fea-bef7-4244-904b-a9f83bf03c1b.pdf

HealthCare Global Enterprises Ltd has announced the acquisition of Vizag Hospital and Cancer Research Centre Private Limited (MG Hospital, Vishakhapatnam). This strategic move aims to consolidate HCG's leadership in the Indian cancer care market, valued at $3.1 billion.

**MG Hospital**, a top player in Vishakhapatnam, boasts a 196-bed facility with advanced infrastructure including 2 LINACs, 1 PET CT, and a robotic surgery system.

The acquisition is structured in two tranches: 51% stake initially and an additional 34% stake in 18 months, valuing MG Hospital at an enterprise value of INR 4,140 million.

This deal is expected to enhance HCG's EBITDA by INR 3 per share annually and leverage synergies for growth and digitization initiatives.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8695fbcb-0e0d-4085-b247-01e8433bc223.pdf

Bharti Hexacom Ltd is a communication solutions provider offering mobile, fixed-line, and broadband services in Rajasthan and the North East circles in India under the brand 'Airtel'. Airtel aims to maintain an ARPU (Average Revenue Per User) above INR 300 for a sustainable business model. They have announced revised mobile tariffs starting July 3, 2024. With these new tariffs, there will be modest price increases on entry-level plans. The new prepaid plans include various data and calling benefits at different price points. The new tariffs will be available on their website from the mentioned date.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbfe5597-b985-4d65-b654-89f04f442541.pdf

6. Listing Actions

Aditya Vision Ltd has scheduled a Board of Directors meeting on July 03, 2024, to discuss several key matters. The agenda includes the approval of a proposal for the sub-division/split of equity shares, the listing of equity shares on the National Stock Exchange of India Limited (NSE), and the approval of the Director's Report for the fiscal year ending March 31, 2024. Additionally, the board will decide on the date and time for the 25th Annual General Meeting and approve the draft notice for the same. The meeting will also appoint a scrutinizer for the AGM voting process.https://www.bseindia.com/xml-data/corpfiling/AttachLive/16da814f-97a7-49bf-8d4c-333a504a1834.pdf

Gopal Snacks Limited recently underwent a change in its Corporate Identification Number (CIN) from "U15400GJ2009PLC058781" to "L15400GJ2009PLC058781" as per the Ministry of Corporate Affairs, Registrar of Companies, Ahmedabad, Gujarat. The company is listed on BSE Limited and National Stock Exchange of India Limited. It is a public company limited by shares with an authorized capital of Rs 15,00,00,000 and a paid-up capital of Rs 12,46,04,370. The last Annual General Meeting (AGM) was held on 04/09/2023, and the company's status is currently Active.https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e19e04a-39e3-4e78-bd80-ce91f00dea90.pdf

Eraaya Lifespaces Limited has announced that its consortium's bid for acquiring 100% equity of Ebix Inc. has been declared the highest and best bid, valued at USD 361 million (INR 3,009 Crores). The acquisition, approved by the U.S. Bankruptcy Court, will be executed through Ebix’s Plan of Reorganization under Chapter 11 proceedings. The consortium has already deposited USD 7.25 million and will remit an additional USD 42.5 million by July 23, 2024, with the final payment of USD 95.25 million due by July 30, 2024. This strategic move will enable Eraaya to explore new opportunities in the On-Demand software and E-commerce services sectors, particularly in the insurance, financial, and healthcare industries.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ebbcf3cc-3f43-48c5-b57f-64a84966bb77.pdf

RKD Agri & Retail Ltd is the target company for an open offer by Nilesh Malshi Savla and Meena Nilesh Savla to acquire up to 1,28,89,500 fully paid-up equity shares. The offer price is set at ₹1.12 per share, totaling ₹1,44,36,240. The offer is in compliance with SEBI regulations and is being managed by Saffron Capital Advisors Private Limited(Saffron Capital Advisors Private Limited, n.d.).

The offer opening public announcement and corrigendum were published on June 28, 2024, in various newspapers(Saffron Capital Advisors Private Limited, n.d.).

The offer is being made to the public shareholders of RKD Agri & Retail Ltd as per SEBI regulations(Saffron Capital Advisors Private Limited, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/90DE674B-6DA7-4F1E-BFA6-866D64E912DE-114131.pdf

7. Acquisitions

In the document provided, an open offer was made by M/S Onclife Capital Advisors Limited for the acquisition of up to 98,027 shares representing 26.00% of the voting share capital of Continental Controls Limited. The acquisition was made through a share purchase agreement with Controls Mr. Van Private inchundra Limited. Additionally, there was an open offer announced for the acquisition of up to 15,980,176 shares representing 76.00% of the voting share capital of Continental Controls Limited at an offer price of ?\ey HAN0 per offer share(Tmwrs et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/25029758-DE5C-4B9C-97CD-C2C0186C5300-113426.pdf

In the document provided, an open offer has been made by M/S Genesis Trade-Links Private Limited, Mr. Vikash Singh, and Mrs. Nitu Singh for the acquisition of up to 12,47,844 Equity Shares representing 26.00% of the Voting Share Capital of Bangalore Fort Farms Limited from the Public Shareholders. Suaraj Shares and Securities Private Limited have been appointed as the Manager to the Offer by the Acquirers. The offer is in compliance with SEBI (SAST) Regulations for the acquisition of the specified number of Equity Shares from the Public Shareholders of the Target Company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6F1EA622-4FD7-4F62-A948-E021159B47AE-112945.pdf

RKD Agri & Retail Ltd, a company mentioned in the document, is possibly active in the agriculture and retail sectors. The document reveals that RKD Agri & Retail Ltd has launched a new model, named RUV350. The company has made significant investments in the development and production of this new vehicle. The launch price of the RUV350 is also shared in the document.

The RUV350 is suitable for urban environments and boasts environmental friendliness. Some of its features and benefits emphasized in the document include its compact size, efficient engine, and advanced technology integrations. These attributes contribute to its suitability for urban driving conditions and reduced environmental impact.https://www.bseindia.com/xml-data/corpfiling/AttachLive/4E939398-1C07-42EE-8FE6-91E9C5E4BE06-112416.pdf

7. Preferential issues

Astal Laboratories Ltd has rescheduled its Board Meeting from June 29, 2024, to July 6, 2024, at its corporate office in Hyderabad, Telangana. The agenda includes discussing and finalizing a proposal for issuing securities on a preferential basis to promoters and strategic investors to raise additional capital under Section 42 and 62 of the Companies Act, 2013, and SEBI regulations. The meeting will also consider and approve the notice for the 31st Annual General Meeting (AGM), fix the date for book closure and e-voting period, approve the Board Report for the financial year ending March 31, 2024, and appoint a scrutinizer for voting during the AGM and remote e-voting.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8978edb4-7344-48a4-866a-596402ef09cc.pdf

G M Polyplast Limited has scheduled a Board of Directors meeting on Saturday, July 06, 2024, at 03:00 P.M. at their Mumbai office. The meeting aims to discuss several key business matters. The agenda includes considering the issuance of equity shares through various methods such as a Public Offer, Rights Issue, Preferential Issue, or Warrants Issue, subject to member approval. Additionally, the board will deliberate on migrating from the BSE SME to the main boards of the Bombay Stock Exchange and National Stock Exchange, also subject to member approval. Other items on the agenda are increasing the authorized capital, appointing scrutinizers for general meetings or postal ballots, and approving the Directors' Report and its annexures.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2d74fc7-f070-42d9-907c-9aef3b8c4947.pdf

Tinna Trade Limited has scheduled a Board of Directors meeting on Wednesday, July 03, 2024. The agenda includes considering fund-raising through various instruments such as:

- Equity shares
- Other securities

via:

- Preferential Issue
- Rights Issue
- Other suitable modes

Additionally, any other pertinent matters will be discussed. The trading window for dealing in the company's securities will remain closed until 48 hours post-meeting conclusion.https://www.bseindia.com/xml-data/corpfiling/AttachLive/be884d96-924b-4b6f-95a0-92938f276a71.pdf

Upsurge Investment & Finance Ltd. held a Board Meeting on June 28, 2024. The directors approved raising additional funds up to Rs. 60 crores. This will be achieved through various financial instruments such as:

* Equity Shares
* Convertible or Non-Convertible Securities
* Warrants
* Debt Securities

The funding will be raised via:

* Preferential Issue
* Private Placements
* Rights Issue
* Other methods as permitted by applicable laws

Pending necessary regulatory and shareholder approvals.

The meeting was held from 01:00 P.M. to 01:30 P.M.https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c86fb49-ea4d-447a-af90-c2f30b1287fc.pdf

IND-SWIFT LABORATORIES LTD has announced the outcome of its Preferential Issue Committee meeting held on June 28, 2024. The Board of Directors approved the issuance and allotment of up to 2,60,00,000 fully convertible warrants at an issue price of ₹**121** per warrant, aggregating to ₹**3,14,60,00,000**. The warrants are convertible into equity shares within 18 months from the allotment date. The proposed allottees include Essix Biosciences Limited (80,00,000 warrants), HCP Investments (75,00,000 warrants), Saral Incorporated VCC Sub Fund 1 (65,00,000 warrants), and Zeal Global Opportunities Fund (40,00,000 warrants). The approval will be sought in an Extraordinary General Meeting scheduled for July 22, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/642068dd-943e-405e-96ee-039a0591363c.pdf

8. Media release

Neogen Chemicals Ltd. has announced that its promoter, Mr. Haridas Kanani, divested approximately 5.67% of his equity in the company. Despite this sale, the promoters retain majority ownership and remain committed to the company's objectives. The stake was acquired by long-standing institutional investors, SBI Mutual Fund and White Oak Group, indicating strong confidence in the company's future.

For FY24, Neogen Chemicals reported consolidated revenue of Rs 691 crore, EBITDA of Rs 110 crore, and a Profit After Tax of Rs 36 crore. The company is expanding into the high-potential sector of Lithium-Ion Battery materials through its subsidiary, Neogen Ionics Limited.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0af7a037-75fc-4b54-b651-231b25a017bb.pdf

Vodafone Idea Ltd. announced the launch of new prepaid and post-paid plans effective from July 04, 2024. These plans are designed to cater to diverse consumer needs. Under the '**Hero Unlimited**' plans, customers will get features like Night Free Data and Weekend Data Roll Over. The company is also offering a '**Choose Your Benefit**' option for post-paid customers under the Vi Max Plans. The company is planning significant investments to enhance the 4G experience and launch 5G services. For complete details, visit www.MyVi.in on July 04, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f56fff7d-0153-4c68-a4a3-6fef3bfb1207.pdf

GAIL (India) Ltd. has advanced its Net Zero target for Scope-1 and Scope-2 GHG emissions to 2035. This decision follows an extensive study aimed at enhancing sustainability goals and aligning with India's broader Net Zero commitments.
GAIL plans to achieve this through:
- electrification of NG-based equipment,
- renewable energy,
- battery energy storage systems (BESS),
- compressed biogas (CBG),
- green hydrogen,
- CO2 valorization initiatives, and
- afforestation.

Shri Sandeep Kumar Gupta, C&MD, emphasized GAIL's role in marketing and transmitting natural gas, a cleaner fuel that aids in reducing emissions across various industries. The company is also undertaking measures to reduce emissions within its operations, reaffirming its commitment to sustainable development and contributing significantly to India's Net Zero emission target.https://www.bseindia.com/xml-data/corpfiling/AttachLive/703a99e6-00b7-4b3d-a747-d22488a4323f.pdf

Dr. Reddy's Laboratories Ltd. has announced a licensing agreement with Zydus Lifesciences Ltd. to co-market the Pertuzumab biosimilar in India. This collaboration is important for critical treatment for HER2 positive breast cancer patients.

Under this agreement, Dr. Reddy’s will market theproduct under the brand name Womab®, while Zydus will market it as Sigrima™.

This collaboration aims to enhance access to comprehensive cancer care, combining Pertuzumab with Trastuzumab and chemotherapy. The collaboration is expected to address the needs of over 2,30,000 new breast cancer cases expected in 2025, of which 25% may be HER2-positive (Singh, n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/e21296f4-9017-4790-9f75-6b4336d33a0c.pdf

Zydus Lifesciences Ltd has announced a significant licensing agreement with Dr. Reddy’s Laboratories Ltd to co-market the Pertuzumab biosimilar in India. This biosimilar, developed by Zydus, will be marketed under the brand name Sigrima™ by Zydus and Womab® by Dr. Reddy’s. This collaboration aims to enhance access to comprehensive cancer care, combining Pertuzumab with Trastuzumab and chemotherapy, which is essential for treating HER2 positive breast cancer. The agreement includes upfront licensing income and milestone-based payments for Zydus, reflecting a strategic move to expand their oncology portfolio and improve patient outcomes in India.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9dc4158a-1bda-4aca-ad2a-80cc1014bc47.pdf

Blue Cloud Softech Solutions Ltd has announced a significant milestone by securing a project from the Assam Government to deploy its flagship Healthcare AIoT product, Truhealthz, in ESI Primary Healthcare Centres across Assam. This innovative non-intrusive medical diagnostics solution leverages cutting-edge AI computer vision technology powered by rPPG algorithms to streamline vital health screenings and predict chronic disease risks. The project aims to reduce diagnostic costs and time, making healthcare more affordable for the common man. The global market for AI in healthcare was valued at USD 14.4 billion in 2023 and is projected to grow at a CAGR of 39.2% between 2024 and 2032.https://www.bseindia.com/xml-data/corpfiling/AttachLive/1db33fab-f54d-4f5c-be27-8a08fabd2f3d.pdf

Coromandel International Ltd. has launched a new magnesium-fortified complex grade fertilizer, Paramfos Plus. This product, containing 16% Nitrogen, 20% Phosphorus, 13% Sulphur, and 0.6% Magnesium, is aimed at boosting crop yield and quality. The addition of magnesium enhances photosynthesis and chlorophyll production, promoting vegetative growth. Paramfos Plus is versatile for various crops, including paddy, cotton, maize, and vegetables.

Coromandel International Ltd., a leading agri solutions provider in India, operates in the Nutrient and Crop Protection segments. The company had a turnover of Rs. 22,290 Crores in FY 2023-24. Coromandel is part of the INR 742 billion Murugappa Group.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c4b0954-d3d9-40c6-a16a-0322b4c1d21f.pdf

Star Health and Allied Insurance Company Ltd has launched a 50-day insurance awareness drive across Andhra Pradesh, Madhya Pradesh, and Haryana, aiming to reach over 2.5 lakh individuals across 51 districts. This initiative includes educational workshops, community outreach programs, and personalized insurance consultations. With mobile vans touring interior regions, the company aims to educate about health insurance benefits. In FY24, the company conducted roadshows in multiple states, covering 134 districts and over 980 villages, reaching over 4.2 lakh individuals. Star Health is a market leader in standalone health insurance in India, with a gross written premium of Rs 15,254 Cr and a net worth of Rs 6,339 Cr.https://www.bseindia.com/xml-data/corpfiling/AttachLive/689ed7cd-aa9e-4e05-92d1-ea2cc2a3fa7d.pdf

eMudhra Ltd has announced the 100% acquisition of TWO95 International Inc, a New Jersey-based technology solutions provider specializing in digital transformation, generative AI, edge computing, and cyber security. This strategic move aims to bolster eMudhra's presence in the US market, leveraging TWO95's 15 years of industry experience and $7.6 million revenue from digital transformation and cyber security services in 2023. The acquisition is expected to enhance eMudhra's revenue base, augment talent, improve local support, and expand the customer base for cross-selling and upselling opportunities. The combined capabilities of eMudhra and TWO95 will provide unparalleled value to customers pursuing digital transformation.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bce98e70-c60c-492a-bd65-b16b1d70ce33.pdf

Wockhardt Ltd. has announced that the Clinical and Laboratory Standards Institute (CLSI) has awarded high susceptibility breakpoints to its antibiotic Zaynich (Zidebactam/Cefepime-WCK 5222). This antibiotic has been granted a susceptibility breakpoint of 64 mg/L for around 10 Gram-negative pathogens, marking the first time an antibiotic has received such a high breakpoint for Enterobacterales, Pseudomonas, and Acinetobacter.

Over 8 years of research data were reviewed, and Zaynich has shown consistent clinical cure and microbiological eradication in compassionate use cases. Currently, Zaynich is undergoing a multinational Phase 3 study, expected to be completed by FY 2025, which will facilitate its global registration and marketing authorization.https://www.bseindia.com/xml-data/corpfiling/AttachLive/37bcae9a-3cce-48fd-b220-735f063063de.pdf

Wockhardt Ltd. recently announced the successful use of its investigational antibiotic, Zaynich (Zidebactam/Cefepime-WCK 5222), to treat a young cancer patient in the US suffering from a chronic bilateral thigh infection caused by extreme-drug resistant Pseudomonas aeruginosa. The patient, who had a complicated clinical history including Acute Myeloid Leukemia and Chronic Kidney Disease, showed significant improvement after a 4-week treatment, allowing doctors to resume chemotherapy. This marks the first instance in the US where Zaynich has been used under the 'Expanded Access IND' provision granted by the US FDA. The drug is currently undergoing a multi-national Phase 3 study to support its global registration and marketing authorization.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c2f734e8-def4-45f5-bb79-4d79288d3ebe.pdf

Thomas Cook (India) Limited has expanded its retail distribution by opening a new franchise outlet in Wanowrie, Pune. This strategic move increases its presence to 6 locations in Pune and 26 in Maharashtra. The new outlet offers comprehensive travel services, including international and domestic holidays, travel insurance, and more.

**Pune** has seen a 30% surge in travel demand, with popular destinations being Europe, the USA, Kenya, Kashmir, Ladakh, and the Andamans.

**Thomas Cook (India) Limited**, established in 1881, is a leading omnichannel travel company in India, offering a wide range of services and operating across 28 countries. (Parekh, n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/bd7c62d9-dc3d-4329-81fe-e8db23d5cb9f.pdf

Orchid Pharma Ltd has announced a strategic partnership with Cipla to launch the antibiotic Cefepime-Enmetazobactam in India. This collaboration aims to address the rising threat of antimicrobial resistance (AMR) by providing a novel treatment for complicated Urinary Tract Infections (cUTI), Hospital-Acquired Pneumonia (HAP), and Ventilator-Associated Pneumonia (VAP). The partnership leverages Orchid Pharma's innovative drug development capabilities and Cipla's extensive distribution network to ensure rapid and widespread availability of this life-saving medication. This initiative marks a significant milestone in India's pharmaceutical industry, reinforcing the country's leadership in medical innovation and commitment to combating infectious diseases.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6be60126-24c7-4c52-b981-8fea39a91f30.pdf

Bharat Electronics Ltd. (BEL), a Navratna Defence Public Sector Undertaking, has recently secured significant contracts. On June 28, 2024, BEL signed a contract worth Rs. 3,172 Crores with Armoured Vehicles Nigam Limited (AVNL) for the supply and installation of an advanced Sighting and Fire Control System (FCS) for the BMP 2/2K Tanks of the Indian Army. Additionally, BEL has received other orders valued at Rs. 481 Crores for Doppler Weather Radar, classroom jammers, spares, and services. This brings BEL's total accumulated orders to Rs. 4,803 Crores for the current financial year.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f359812d-e767-4d0a-98d6-3a0cd6b7ea9e.pdf

HealthCare Global Enterprises Ltd (HCG) has announced the acquisition of Mahatma Gandhi Cancer Hospital & Research Institute (MGCHRI) in Vizag, Andhra Pradesh, for an enterprise value of INR 4,140 Mn.

HCG will initially acquire a 51% stake in MGCHRI, with plans to complete the acquisition of an additional 34% stake over the next 18 months.

This strategic move is expected to significantly bolster HCG's annual EBITDA by INR 3 per share and enhance its leadership position in the Vizag region.

**MGCHRI**, established in 1986, is a leading provider of comprehensive cancer care with 196 operational beds and advanced medical infrastructure, including:
- 2 LINAC machines
- 1 PET CT scanner
- 1 Robotics Surgery System
- a dedicated Bone Marrow Transplant (BMT) unit

The clinical team comprises 31 doctors, including:
- 12 Surgical oncologists
- 6 Radiation oncologists
- 4 Medical oncologists.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0bca423e-c0f7-4681-ad70-3e5452382d70.pdf

Intellect Design Arena Ltd has been recognized as a finalist of the 2024 Microsoft Financial Services Award. The company is a cloud-native, API-led microservices-based FinTech company for financial and insurance institutions. It was honored for its excellence in innovation and customer solutions based on Microsoft technology.

**Intellect's** success is attributed to its eMACH.ai platform, known for being comprehensive, composable, and intelligent in the open finance market. The platform offers a wide range of microservices, events, and APIs to empower financial institutions globally.

**Intellect Design Arena** serves over 270 customers across 57 countries, with a focus on digital transformation and innovative solutions in the financial sector.

Notable facts:
- Intellect Design Arena Ltd is a finalist for the 2024 Microsoft Financial Services Award
- The company is a cloud-native, API-led microservices-based FinTech company
- It was honored for innovation and customer solutions based on Microsoft technology
- Its platform, eMACH.ai, offers a wide range of microservices, events, and APIs
- Intellect Design Arena serves over 270 customers across 57 countries
- Focus on digital transformation and innovative solutions in the financial sector

References:
[1] National Stock Exchange of India Ltd., Scrip: Intellect Design Arena Ltd., n.d.https://www.bseindia.com/xml-data/corpfiling/AttachLive/132376cf-8618-4304-85ec-5d039c74ba95.pdf

Nazara Technologies Limited recently announced a significant acquisition involving its material subsidiary, NODWIN Gaming. NODWIN Gaming is set to increase its ownership in the leading European esports company, Freaks 4U Gaming, to 100% through a share swap valued at INR 271 crore (Euro 303 million). This strategic move is expected to enhance NODWIN Gaming's capabilities and revenue streams significantly.

The acquisition will bring in expertise, experience, and network from Freaks 4U Gaming, contributing to NODWIN Gaming's global growth strategy in the gaming and esports industries. The integration of Freaks 4U Gaming's capabilities is anticipated to drive substantial revenue growth for NODWIN Gaming, complementing its strong execution capabilities in emerging markets.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d8cba97f-469e-4d21-bad5-f8538e32309a.pdf

Bharti Airtel Limited is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. Airtel is India's largest integrated communications solutions provider and the second largest mobile operator in Africa. They offer high-speed 4G/4.5G mobile broadband, Airtel Xstream Fiber with speeds up to 1 Gbps, digital payments, and financial services. Airtel's networks cover over two billion people and provide services like secure connectivity, cloud services, cybersecurity, IoT, and more. The company has announced revised mobile tariffs to ensure a financially healthy business model for Telcos in India, with a focus on maintaining an ARPU above INR 300.

**Bharti Airtel Limited** (Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi -110 070, India) (Bharti Crescent 1, Nelson Mandela Road, New Delhi -110 070, Vasant Kunj, Phase II, India) et al. (n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/23ac4aae-2088-465a-9921-584a9f84e8bc.pdf

Crompton Greaves Consumer Electricals Ltd announced a product launch on June 28, 2024. The new product, Attitube Pro, is a Batten IP20 Non Integrated light and is catering to the domestic market.This launch is part of the company's commitment to good corporate governance practices, even though it does not meet the materiality threshold. The announcement was made by Rashmi Khandelwal, the Company Secretary & Compliance Officer.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d65c4752-eae3-4c26-a85c-f663647d240c.pdf

NHPC Limited recently signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200 MW capacity Solar Power Project at Khavda. The estimated financial implication for the project is approximately Rs. 846.66 crore, with a scheduled completion period of 15 months from the date of PPA execution.

**BSE Limited** (Scrip Code: 533098), National Stock Exchange of India Limited, have been mentioned in the paragraph.

General Manager, Listing Department, M/s BSE Limited, Mumbai - 400 001.
General Manager, Listing Department, M/s National Stock Exchange of India Limited, n.d.

Important facts:
- NHPC Limited signs PPA for a 200 MW Solar Power Project at Khavda.
- The estimated financial implication is Rs. 846.66 crore.
- The completion period is scheduled for 15 months.https://www.bseindia.com/xml-data/corpfiling/AttachLive/68694d34-7bcc-4cc9-ace6-54038426f7dd.pdf

Allcargo Gati Limited recently completed a Qualified Institutions Placement (QIP), issuing 1,67,60,800 Equity Shares at ₹101 per share, totaling ₹169,28,40,800. The allotment was made to qualified institutional buyers (QIBs), increasing the company's paid-up Equity Share capital to ₹29,40,31,928.

Major allottees included Macquarie Bank Limited, Rajasthan Global Securities Private Limited, and Goldman Sachs Investments (Mauritius) Ltd.

The company's compliance with SEBI Listing Regulations was confirmed.https://www.bseindia.com/xml-data/corpfiling/AttachLive/cbafff83-5db8-4dae-a6c8-dfbd3d1c1e2a.pdf

Aurobindo Pharma Ltd. has announced the acquisition of Ace Laboratories Limited, a UK-based company incorporated on June 5, 2013. The acquisition was completed on June 28, 2024, by Agile Pharma BV, a wholly owned step-down subsidiary of Aurobindo Pharma.

**Ace Lab**, with a share capital of £500, reported a total revenue of INR 8.95 crores and a PAT of INR (4.88) crores for the 12 months ending June 30, 2023.

The acquisition, valued at Rs. 17.91 crores on a debt-free basis, aims to enhance Aurobindo's business capabilities in the European region, particularly in quality control testing and analytical development services for pharmaceutical products.https://www.bseindia.com/xml-data/corpfiling/AttachLive/56c2997d-5f1e-44f0-8e78-38fc4a83f2b5.pdf

HealthCare Global Enterprises Ltd has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) to acquire Vizag Hospital, a comprehensive cancer care facility in Vishakhapatnam, Andhra Pradesh. The acquisition involves an initial 51% equity share capital, followed by an additional 34% within 18 months, and the remaining 15% through put and call options. The total cost for the 85% acquisition is approximately INR 3,626 Million.

**Vizag Hospital**, led by Dr. Murali Krishna Voonna, reported a turnover of INR 1,202 Million and an EBITDA of INR 422 Million for the financial year ending March 31, 2024.

This strategic move aims to enhance operational synergies, unlock capacities, and strengthen market positioning in a highly attractive micro-market.https://www.bseindia.com/xml-data/corpfiling/AttachLive/ffab9e81-2b03-439e-9b95-dc38f496f5bf.pdf

Entero Healthcare Solutions Ltd has announced the acquisition of Devi Pharma Wellness Private Limited (DPWPL), a company incorporated on June 25, 2024, in Thiruvananthapuram, Kerala. DPWPL, engaged in the wholesale distribution of pharmaceuticals and allied products, has a paid-up equity share capital of INR 1,00,000.

The acquisition, valued at INR 1,00,000 for 10,000 equity shares at INR 10 per share, will be completed by August 15, 2024. This strategic move aims to expand Entero Healthcare's business in Kerala, leveraging DPWPL's alignment with its core operations.

Notably, DPWPL is also considering acquiring the business undertakings of M/s. Devi Pharma on a slump sale basis.https://www.bseindia.com/xml-data/corpfiling/AttachLive/96728fe7-d68b-4477-9f81-1d94873beaf0.pdf

Ganesha Ecosphere Ltd. has made a significant investment of Rs. 100.00 Crore in its wholly-owned subsidiary, Ganesha Ecotech Private Limited. This was achieved by subscribing to 10 Crore equity shares at a face value of Rs. 10 each on June 28, 2024. This acquisition, which falls under related party transactions, aims to support the subsidiary in repaying its debts and other corporate purposes.

**Ganesha Ecotech Ltd.** was incorporated on November 17, 2020. The subsidiary, Ganesha Ecotech Private Limited, specializes in manufacturing washed PET flakes from PET bottle scrap and polypropylene staple fiber.

For the fiscal year ending March 31, 2024, the subsidiary reported a turnover of Rs. 17,657.51 Lakh and a net worth of Rs. 643.24 Lakh.https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2815f39-ab99-4aa0-9b0e-d7de87de7da1.pdf

TVS Motor Company Ltd. has increased its shareholding in TVS Credit Services Limited (TVSCS) from 80.53% to 80.69%. This was achieved by subscribing to and being allotted 68,94,335 equity shares at Rs 410 per share, totalizing Rs 282.67 Crores. This acquisition, a related party transaction conducted at arm's length, aims to improve TVSCS's capital adequacy ratio and support general corporate matters.

TVS Credit Services Limited (TVSCS) is a non-deposit taking Non-Banking Finance Company registered with the RBI. For the period ending 31st March 2024, TVSCS reported a turnover of Rs 5789.57 Crores and a PAT (Profit After Tax) of Rs 571.83 Crores.https://www.bseindia.com/xml-data/corpfiling/AttachLive/98835cdb-60e2-4aec-a8e8-05a0356f7ebb.pdf

Sharika Enterprises Ltd has announced the acquisition of a 60% stake in Contronics Switchgear India Private Limited for Rs. 30,00,000. This strategic move aims to expand Sharika's product portfolio by incorporating Contronics' expertise in electrical panel manufacturing.

**Contronics**, established in 1988, reported a turnover of Rs. 2,91,58,030 for the financial year 2022-23. The acquisition does not involve any related party transactions. It will be completed within a reasonable period and is entirely cash-based.https://www.bseindia.com/xml-data/corpfiling/AttachLive/53779dc8-fb10-40ec-a3df-14024dfe9ade.pdf

eMudhra Ltd has announced the acquisition of TWO95 International Inc, a New Jersey-based digital transformation and cybersecurity solutions company, for USD 10.1 million. The acquisition, expected to close within 3-4 weeks, aims to enhance eMudhra's presence in the US market, augment talent, and improve customer engagement. The deal involves an initial payment of USD 8.8 million for 86.8% ownership, with the remaining 13.2% to be acquired in two equal yearly installments. This strategic move is set to increase eMudhra's revenue base and credibility in developed markets.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e991259c-1c43-40a1-8c19-fda168c85cea.pdf

Orient Bell Limited has incorporated a Wholly-Owned Subsidiary, Cestrum Enterprises Private Limited, on June 27, 2024. The authorized capital for Cestrum Enterprises Private Limited is Rs. 10,00,000/-, with a subscribed capital of Rs. 1,00,000/-. The subsidiary is involved in the business of import-export and trading of Tiles, Sanitaryware, and allied products. The acquisition of Cestrum Enterprises Private Limited by Orient Bell Limited falls within the purview of Related Party transactions. The acquisition was done through a share subscription amount of Rs. 1,00,000/-, representing 10,000 equity shares of Rs. 10/- each. The nature of consideration for the acquisition was 100% subscription to the equity shares at face value. The document provides details about the incorporation date, country of incorporation (India), and other relevant information about Cestrum Enterprises Private Limited. (Code & Mendiratta, n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/36a76fdb-35d6-4b24-b0a6-e87d98076082.pdf

9. Credit Rating

Aarti Surfactants Ltd has seen an upgrade in its credit ratings by CARE Ratings Limited as of June 28, 2024.**The long-term bank facilities rating** improved to CARE A-; Stable from CARE BBB+; Stable, and the redeemable preference shares rating was upgraded to CARE BBB+; Stable from CARE BBB; Stable.

This upgrade reflects the company's consistent profitability improvement, with a notable increase in EBITDA margin to 10.7% in FY24. The company's net worth was strengthened by a rights issue, reducing overall gearing to 0.46x as of March 31, 2024.

Despite a slight revenue decline to ₹590 crore in FY24, Aarti Surfactants is expected to grow its revenue by 10-15% annually over the next two years, driven by export market expansion and new product development.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2558c86d-6890-4f84-944d-aa41980382a3.pdf

Maithan Alloys Ltd. has received reaffirmation from CRISIL for its credit ratings, maintaining a '**CRISIL AA/Stable**' rating for long-term bank facilities and a '**CRISIL A1+**' rating for short-term bank facilities as of June 28, 2024. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reaffirmation underscores the company's stable financial outlook and robust creditworthiness.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2c96d0a-fa7d-4bd4-9632-83788e89e224.pdf

Exide Industries Ltd. has received a reaffirmation of its credit ratings from ICRA Limited as of June 28, 2024. The ratings include ICRA A1+ for short-term debt instruments (commercial paper) and ICRA AAA for long-term banking facilities, encompassing both fund-based and non-fund-based facilities. This information was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3fa50098-dc62-4116-9ca8-de28d3f4ec28.pdf

Cosmo Ferrites Limited has received a reaffirmation of its credit ratings from CARE Ratings Limited. The long-term rating has been reaffirmed at CARE BBB-; Stable, while the short-term rating stands at CARE A3. This reaffirmation is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The reaffirmation indicates a stable outlook for the company's bank facilities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/9aa61309-16b6-4fab-a6b1-79014ad47691.pdf

Hindustan Aeronautics Ltd has received a reaffirmation of its credit ratings from ICRA Limited as of June 28, 2024. The long-term fund-based/cash credit facilities amounting to Rs. 4,000 crore have been rated [ICRA] AAA (Stable), while the short-term non-fund-based facilities totaling Rs. 2,050 crore have been rated [ICRA] A1+. This reaffirmation reflects the company's strong financial position and stable outlook.https://www.bseindia.com/xml-data/corpfiling/AttachLive/047a8baf-72aa-478b-9a2e-422bf4dbba4f.pdf

Diana Tea Co. Ltd. has received a reaffirmation of its credit ratings from CRISIL Limited. The long-term facilities are rated as CRISIL BBB-/Stable, while the short-term facilities hold a rating of CRISIL A3. The total bank loan facilities rated amount to Rs. 46.25 Crore. Specific allocations include Rs. 29.3 Crore for Tea Hypothecation, Rs. 11.4 Crore for Term Loan, Rs. 3.84 Crore for Working Capital Term Loan, and Rs. 1.71 Crore for Bank Guarantee, all with Punjab National Bank. The ratings are under continuous surveillance and are valid until December 31, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/8c8a3fa8-d055-4a25-b0f5-95cd8933f999.pdf

Bharat Heavy Electricals Ltd. (BHEL) has received a positive revision in its credit rating outlook from M/s India Ratings & Research on 27-06-2024. The long-term issuer rating has been affirmed at "IND AA-/Stable", reflecting improved financial performance. The fund-based working capital limits have been increased to ₹7,000 crore, while the non-fund-based limits have been decreased to ₹34,000 crore. Additionally, the commercial paper rating has been affirmed at "IND A1+". This information is crucial for stakeholders and investors monitoring BHEL's financial health and creditworthiness.https://www.bseindia.com/xml-data/corpfiling/AttachLive/c9129c17-864f-41ac-b1e4-6ffcdd83854c.pdf

Indian Overseas Bank (IOB) has seen a significant improvement in its financial and business risk profiles, supported by strong backing from the Government of India (GoI). The bank's long-term ratings have been upgraded to '**CRISIL AA+/Stable**' and '**CRISIL AA/Stable**', reflecting enhanced earnings, asset quality, and capital position. As of March 31, 2024, IOB's gross NPA reduced to 3.1% from 7.4% a year earlier, and its capital adequacy ratio (CAR) improved to 17.3%. The bank reported a profit after tax (PAT) of Rs 2,656 crore for fiscal 2024, with a return on assets (ROA) of 0.8%. The liquidity coverage ratio stood at 139%, indicating strong liquidity support.https://www.bseindia.com/xml-data/corpfiling/AttachLive/71310d99-6867-4686-95af-679240b2d6f4.pdf

Mahindra Holidays & Resorts India Ltd. has announced a change in ratings by India Ratings & Research Private Limited (Ind-Ra). The ratings for their debt facilities have been upgraded and affirmed. specifically, the fund-based working capital limits of INR 1,050 million have been upgraded to IND AA-/Stable, while the non-fund-based working capital limits of INR 100 million have been affirmed at IND A1+. This information was communicated to the company on June 27, 2024, and is available on their website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/e01ed162-9299-41d8-afcd-3441ecccb192.pdf

Muthoot Finance Limited received credit ratings from ICRA Ratings Limited on June 27, 2024. The ratings include:

- Commercial Paper of 2,000 crores rated as [**ICRA**] A1+
- Non-Convertible Debentures of 6,500 crores rated as [**ICRA**] AA+/(Stable)
- Bank facilities of 2,500 crores rated as [**ICRA**] A1+ and [**ICRA**] AA+/(Stable)

These ratings signify a high degree of safety for Muthoot Finance Limited's timely financial obligations and a low credit risk. ICRA Ratings Limited reserves the right to review and revise the ratings based on new information or circumstances that may impact the ratings. (Ref: SEC/MFL/SE/2024/5779, n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/0705916e-444f-4695-9812-80fd3fc09a5f.pdf

Bharat Wire Ropes Ltd announce sale of entire 26.72% shareholding in Mitcon Solar Alliance Limited (MSAL) to Mitcon Sun Power Ltd. The transaction, approved by the Board of Directors on June 28, 2024, is valued at Rs. 2,40,87,950 and is expected to be completed by the same date. During the financial year ending March 31, 2024, MSAL contributed a negligible amount to the company's turnover and net worth with a total income loss of Rs. (11.43) Lakhs and a net worth contribution of Rs. (16.2) Lakhs. The buyer, Mitcon Sun Power Ltd, is not part of the promoter group, and the transaction does not fall under related party transactions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe9892af-2792-493c-9073-d8ea5cd973a3.pdf

Titan Company Limited has entered into a Joint Venture Agreement with Rhythm Jewelry Limited in Bangladesh, effective from June 28, 2024. The joint venture aims to manufacture, market, and retail jewelry products in Bangladesh. Titan will hold a 76% stake, while Rhythm will hold 24%. The board will consist of four directors, with Titan nominating three and Rhythm one. The Chairman and Managing Director/CEO will be from Titan's nominees. The agreement includes special rights such as appointing directors and restricting changes in capital structure. There are no related party transactions or potential conflicts of interest arising from this agreement.https://www.bseindia.com/xml-data/corpfiling/AttachLive/7c78a93f-38c3-44cd-a286-efbabf90460b.pdf

HealthCare Global Enterprises Ltd has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) to acquire Vizag Hospital, a comprehensive cancer care facility in Vishakhapatnam, Andhra Pradesh. The acquisition involves an initial purchase of 51% equity for INR 2,076 million, followed by an additional 34% equity within 18 months for INR 1,550 million, and the remaining 15% equity through put and call options.

**Vizag Hospital**, led by Dr. Murali Krishna Voonna, reported a turnover of INR 1,202 million and an EBITDA of INR 422 million for the financial year ending March 31, 2024.

This strategic acquisition aims to enhance operational synergies, unlock capacities, and strengthen market positioning in the cancer care sector.https://www.bseindia.com/xml-data/corpfiling/AttachLive/16c0fb11-9c02-43de-9202-eb83af2948d4.pdf

Vakrangee Limited has acquired a 14.70% equity stake in Vortex Engineering Private Limited from Oasis Capital (Mauritius) Limited, increasing its shareholding from 78.2% to 93.40%.

**Vortex Engineering** is a leading provider of Automated Teller Machines (ATMs) and ATM management software. The company has shipped over 10,000 ATMs across India, Africa, and South Asia.

The acquisition, valued at Rs. 5,59,64,487, is a strategic investment aimed at achieving complete backward integration for Vakrangee's ATM business. Through this deal, the company hopes to leverage cost synergies and technology know-how.

The transaction is expected to be completed within 30 days, subject to customary approvals and conditions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/b9daafad-792a-4947-bf74-ac6bef5a067b.pdf

IndiaMART InterMESH Ltd discloses extension for completion of acquisition of 10% share capital of Baldor Technologies Private Limited (IDfy). Initially announced on May 29, 2024, acquisition is nearly complete, with the final 3.4% share to be acquired by July 10, 2024. All other terms and conditions remain unchanged.

So the Bold formatted words in the paragraph are: extension, acquisition, acquisition of 10% share capital, Baldor Technologies Private Limited (IDfy), Initially announced, May 29, 2024, final 3.4%, July 10, 2024, and terms and conditions.https://www.bseindia.com/xml-data/corpfiling/AttachLive/6686a16b-c9e8-4ace-91e1-007ab403940e.pdf

Tata Steel Limited has converted debt instruments worth USD 564.75 million (approximately ₹4,713.03 crore) into 3,597,133,758 fully paid-up equity shares in its wholly owned subsidiary, T Steel Holdings Pte. Ltd. This conversion, completed on June 28, 2024, ensures that T Steel Holdings Pte. Ltd. remains a wholly owned subsidiary of Tata Steel Limited. The conversion was conducted under the approval granted by the Board of Directors and in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/cff178de-418b-4e28-b8d9-6a4efe85edda.pdf

EKI Energy Services Ltd has announced a delay in the subscription of equity shares of ClimaCool Projects & EduTech Limited. Initially, EKI Energy Services Ltd planned to acquire an additional 50.06% equity shares of ClimaCool, making it a wholly-owned subsidiary. However, due to statutory requirements, the timeline for this acquisition has been extended twice. The first extension was until June 30, 2024, and the latest extension is now until December 31, 2024. This information is also available on the company's website.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f9cd66e1-a89d-46d7-a396-fccf1eac142e.pdf

Cambridge Technology Enterprises Ltd. announced a delay in the acquisition of 100% shares of CBIZ Information Technology LLC, Dubai. The deal, initially expected to complete by June 30, 2024, is facing delays due to various approvals and attestations required under Dubai laws. The company now anticipates finalizing the transaction by August 15, 2024(Andheri et al., n.d.).https://www.bseindia.com/xml-data/corpfiling/AttachLive/481c83da-aab7-4d22-bd48-99cd9a5af21e.pdf

T T Brands Limited has acquired 37,914 equity shares of TT Limited between June 24, 2024, and June 28, 2024. This acquisition increased their holding from 8,611,347 shares (40.06% of total voting rights) to 8,649,261 shares (40.23% of total voting rights). The acquisition was conducted through market purchases, and the total equity share capital of TT Limited remained at 21,498,050 shares before and after the acquisition.https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b039955-261f-4f88-a524-8cd1dc50e373.pdf

10. Resignation of CFO

Signpost India Limited announces significant change in its executive team. Effective from July 1, 2024, Mr. Rameshwar Prasad Agrawal will take over as the Chief Financial Officer (CFO) and Key Managerial Personnel.

Mr. Agrawal brings over 28 years of experience in Banking and Corporate Finance. He is recognized for his expertise in risk management and strategic financial planning. Having held notable positions such as Vice President at HDFC Bank, he will be an valuable addition to the team.

This appointment follows the resignation of Mr. Naren Suggula, who will leave the company on June 30, 2024, due to personal reasons.

The company expresses its appreciation for Mr. Suggula's contributions during his tenure.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f823f16f-70fa-4111-b2e3-f305037e00e2.pdf

AHMEDABAD STEELCRAFT LTD. issued a clarification on June 28, 2024, regarding an inadvertent error in their submission to BSE Limited. The company mistakenly uploaded information under the tab "Resignation of Chief Financial Officer (CFO)" while disclosing various appointments and resignations of directors. They confirmed that there has been no resignation of the CFO, and Mr. Arjun Anand Shah continues in his role. The company requested BSE to disregard the incorrect submission and update their records accordingly.https://www.bseindia.com/xml-data/corpfiling/AttachLive/3b78b234-9e32-49fc-8b58-6efc1d3d11a9.pdf

AHMEDABAD STEELCRAFT LTD. has undergone significant management changes as of June 28, 2024. The Board of Directors approved the appointment of Mr. Rohit Pandey as Managing Director and Mr. Sunil Dutt Pandey as Chairman. Additionally, Mrs. Preeti Punia, Mr. Rajeev Jain, and Mr. Rajeev Singh were appointed as Additional Directors. Concurrently, several key resignations were accepted, including Mr. Anand Vipinchandra Shah and Mr. Darshan Ashokbhai Jhaveri from their roles as Managing Directors, and Mr. Viral Anilbhai Jhaveri as CEO. The company also reconstituted its committees, with Mr. Rajeev Jain and Mr. Rajeev Singh taking prominent roles in the Audit and Nomination & Remuneration Committees.https://www.bseindia.com/xml-data/corpfiling/AttachLive/f85f7806-3ae8-4c1d-8613-2430d6a8c639.pdf

Heubach Colorants India Limited announced the resignation of its Managing Director, Mr. Bharath Sesha, effective from the close of business hours on August 31, 2024. Mr. Sesha resigned to pursue other opportunities outside the organization. The Board has assured stakeholders of continued stability and growth, appointing a management team to oversee daily operations and ensure business continuity. The Board members will provide guidance and support to ensure a smooth transition.https://www.bseindia.com/xml-data/corpfiling/AttachLive/160ac384-6ad1-4689-ab5c-f96453fe6fd1.pdf

AHMEDABAD STEELCRAFT LTD. recently held a Board Meeting on June 28, 2024. During the meeting, significant management changes were approved. Mr. Rohit Pandey was appointed as an Additional Director and Managing Director for a term of three years. Mr. Sunil Dutt Pandey and Mrs. Preeti Punia were appointed as Additional Directors under the promoter category. Additionally, Mr. Rajeev Jain and Mr. Rajeev Singh were appointed as Non-Executive Independent Directors for a term of five years. The meeting also saw the resignation of several key directors, including Mr. Anand Vipinchandra Shah and Mr. Darshan Ashokbhai Jhaveri, due to a change in management. The company has reconstituted its committees, with Mr. Rajeev Jain and Mr. Rajeev Singh taking on significant roles in the Audit and Nomination & Remuneration Committees.https://www.bseindia.com/xml-data/corpfiling/AttachLive/edac4947-78c4-4a14-a8b0-06d6edd0c5f7.pdf

Heubach Colorants India Ltd has announced the resignation of its Managing Director, Mr. Bharath Sesha (DIN 01983066), effective from the close of business hours on August 31, 2024. Mr. Sesha submitted his resignation on June 28, 2024, to pursue other opportunities outside the organization. The resignation was formally accepted by the Nomination and Remuneration Committee and the Board during their meeting on the same day. The Board expressed sincere appreciation for Mr. Sesha's contributions to the company's growth under his leadership.

Further details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided in the annexure to the intimation.

**Rupa Renaissance, B Wing, 25 th Floor D-33, MIDC Road, TTC Industrial Area Juinagar, Navi Mumbai -400705**. India, TTC Industrial Area Juinagar. Rupa Renaissance, B Wing, 25 th Floor D-33, MIDC Road. Mumbai -400 051. Scrip: HEUBACHIND**. Mumbai -400 051. Scrip: HEUBACHIND**, n.d.https://www.bseindia.com/xml-data/corpfiling/AttachLive/717ca35b-e375-4f1c-8dc8-dc68bf27a68f.pdf

Yasho Industries Ltd announced the resignation of its statutory auditor, M/s. V J Shah & Co, effective June 28, 2024. The resignation was due to commercial considerations, specifically the inability to recover a reasonable portion of time costs.

The company confirmed that there were no concerns raised by the resigning auditor regarding the management or any material reasons for the resignation.

The Audit Committee and the Board will appoint a new statutory auditor to fill the vacancy.

The latest audit report submitted by the auditor was for FY 2023-24, dated May 13, 2024.https://www.bseindia.com/xml-data/corpfiling/AttachLive/30b99f8d-d851-41fd-91df-3a9db80d4119.pdf

S&T Corporation Limited recently faced the resignation of their Statutory Auditor, M/s. JPMK and Company, due to other preoccupancy and assessments. The auditor's resignation letter was received on June 27, 2024, citing June 25, 2024, as the effective date. This event was disclosed under Regulation 30 of the SEBI Listing Regulations. The auditor had been associated with the company since the 38th AGM in 2022 and was expected to continue until the 43rd AGM in 2026. The resignation was acknowledged and accepted by the company.https://www.bseindia.com/xml-data/corpfiling/AttachLive/13090672-6baa-4d76-9157-a9925a5f430f.pdf

Jubilant FoodWorks Limited has deferred the proposed internal restructuring of certain overseas subsidiaries, originally expected to be completed by June 30, 2024, until further notice. The update was provided in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was issued by Mona Aggarwal, the Company Secretary and Compliance Officer of Jubilant FoodWorks Limited. For more information, refer to the company's website. (Aggarwal, n.d.)https://www.bseindia.com/xml-data/corpfiling/AttachLive/ab03b4f1-9013-48c9-9f70-f4fc2da814ad.pdf

C&C Constructions Limited has been sold as a going concern during the 14th round of E-auction on 27th June 2024. This follows the sale of investments in the 13th round of E-auction on 30th May 2024. The company was under liquidation as per the NCLT order dated 7th October 2022. The liquidation process was managed by Minerva Resolutions. Minerva Resolutions is located at Plot No. 70, Institutional Sector -32, Gurgaon – 122001, Haryana.https://www.bseindia.com/xml-data/corpfiling/AttachLive/19e66e0b-30e9-4dd7-bdcb-6a5cda408974.pdf

C&C Constructions Limited has been sold as a going concern during the 14th round of E-auction held on 27th June 2024. This sale follows the liquidation order dated 7th October 2022 and is in reducing the text for clarity: in addition to the sale of investments during the 13th round of E-auction on 30th May 2024. The company, under liquidation, has been managed through a structured e-auction process to maximize value for stakeholders.https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb680246-aa4f-40ea-9f44-11195025e9ff.pdf

Selan Exploration Technology Ltd. received Observation Letters from BSE Limited and National Stock Exchange of India Limited regarding a Composite Scheme of Arrangement with Antelopus Energy Private Limited. The Scheme was approved by the Board of Directors on November 22, 2023, subject to regulatory approvals. The Observation Letters conveyed '**No adverse observation/No objection’** to the Scheme on June 27, 2024. The company is required to ensure compliance with SEBI regulations and disclose relevant information to shareholders.https://www.bseindia.com/xml-data/corpfiling/AttachLive/abddda43-6a88-4c53-9e78-ebe07668b7f6.pdf

Innovators Facade Systems Ltd has announced the strike-off of three non-material and non-operational wholly owned subsidiary companies. The Ministry of Corporate Affairs approved the strike-off for Innovators Fagade Solutions (West) Private Limited, Innovators Fagade Solutions (South) Private Limited, and Innovators Fagade Solutions (North) Private Limited effective from 27th June 2024. This update follows the company's previous intimation dated 29th February 2024 in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.https://www.bseindia.com/xml-data/corpfiling/AttachLive/d1712f01-10b3-48a5-8e19-e13eec775cca.pdf

Sky Gold Ltd recently held its Q4 FY24 Earnings Conference Call on June 24, 2024, where key management, including Managing Director and CFO Mangesh Chauhan, discussed the company's performance and future plans. The company reported consolidated revenues of INR 513.4 crores, marking a 90.2% year-on-year growth.

Sky Gold aims to become India's leading jewelry manufacturer, leveraging its partnerships with major Indian jewelry retailers and expanding its export business. The company has acquired Starmangalsutra Private Limited and Sparkling Chains Private Limited. These entities are expected to generate INR 600-650 crores in revenue for 2025.

Sky Gold targets a 3-4% PAT margin and plans to increase its capacity utilization and investment in IT and automation to achieve its growth objectives.https://www.bseindia.com/xml-data/corpfiling/AttachLive/2db9a289-cd31-4463-a684-13d007efa5af.pdf

Imagicaaworld Entertainment Ltd has completed the acquisition of the Park Business Undertaking from Giriraj Enterprises as of June 28, 2024. This acquisition includes the "Wet n Joy Water Park" and "Wet n Joy Amusement Park" in Lonavala, and the "Sai Teerth Theme Park" and "Wet n Joy Water Park" in Shirdi. The transaction was executed on a '**slump sale**' basis as a going concern, following the terms of the Business Transfer Agreement. An interim Operation and Maintenance (O&M) Agreement was in place from April 1, 2024, to ensure a smooth transition, with Giriraj Enterprises providing necessary cooperation and support.https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b4e909f-dc6f-42c2-be91-5baec7008312.pdf

NHC Foods Ltd, a Government Recognized Three Star Export House and an ISO 22000:2005 Certified Company, has successfully acquired a 96.21% equity stake in Intra Metal Trading LLC-FZ. This Dubai-based firm specializes in Agri and Metals Trading. The acquisition, completed on December 6, 2023, has resulted in Intra Metal Trading LLC-FZ becoming a subsidiary of NHC Foods Limited. The company is committed to expanding its footprint in the trading sector, leveraging this strategic acquisition to enhance its market presence and operational capabilities.https://www.bseindia.com/xml-data/corpfiling/AttachLive/5caaad38-ade2-4874-85dd-64444c3e2079.pdf

Disclaimer: The article is for educational purposes only, offering general information and not professional advice. Efforts were made to present content accurately from news sources, but original publishers retain copyright. Readers should research and consult advisors before deciding. The author and publisher disclaim liability for losses from using this content; use at your own risk.