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Shashijit Infraprojects Limited has received Letters of Intent (LOIs) worth Rs. 85 million for various civil works from Apar Industries Limited and Mastercook Houseware LLP. The projects include Rs. 45 million for Apar Industries Limited's Khanvel and Rakholi Units in UT of DNH & DD, and Rs. 40 million for Mastercook Houseware LLP's site in Valsad, Gujarat. This milestone underscores the company's commitment to high-quality construction services and its significant role in the construction industry in South Gujarat. The company emphasizes that these projects are not related party transactions and have no vested interest from promoters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0239dbe2-72cc-4bfe-a542-acd7a63ef0f6.pdf |
Rail Vikas Nigam Limited (RVNL) has received a Letter of Acceptance from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for the construction of six elevated metro stations. These stations include Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station. The construction covers the stretch from Ch. – 7576.78mm to Ch -13457.76m in Reach 2B of NMRP Phase 2. |
Diamond Power Infrastructure Limited (DPIL) has received a significant order from Adani Energy Solutions Limited valued at ₹899.75 Crores (inclusive of GST) for the supply of AL 59 Conductors. This order is to be completed by April 2025. |
Bajaj Auto Limited has disclosed a penalty imposed by the Assistant Commissioner of Goods & Service Tax, Aurangabad, Rural Division, under Rule 15(1) of Cenvat Credit rules read with section 11AC of the Central Excise Act. The penalty pertains to a short reversal of Cenvat Credit on the sale of old capital goods as waste and scrap for the period from April 2016 to June 2017. The department has demanded a differential excise duty of Rs. 15,95,924/- along with a penalty of Rs. 1,59,592/- and interest. Bajaj Auto Limited has stated that this decision does not have major financial implications on the company and plans to file an appeal before the Commissioner (Appeals) against the order. https://www.bseindia.com/xml-data/corpfiling/AttachLive/def26108-f62b-4351-8e50-29b68992c6df.pdf |
Advait Infratech Ltd has announced that its subsidiary, Advait Greenergy Private Limited, has secured significant orders from KP Group of Companies totaling ₹72.69 crore. The orders include an EPCC (Engineering, Procurement, and Construction) contract for a 30 MW Solar Project in Khavda, Gujarat, valued at ₹59 crore, and an EPC (Engineering, Procurement, and Construction) contract for a 1 MW Green Hydrogen Plant in Matar, worth ₹13.69 crore. These projects are expected to be completed within 9 and 8 months, respectively, from the date of the service order and letter of intent. (Mehta, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3453bb9b-2922-45aa-9271-d9dababb3723.pdf |
RMC Switchgears Ltd has been awarded a significant work order by M/S Trade World Exim LLP on July 8, 2024, for the supply, installation, and maintenance of solar panels and inverters for a 1.35 MWp plant in Rajasthan. The contract is valued at approximately Rs. 4.76 Crores (including GST) and is to be completed within 8 months. This contract is considered a material event and has been disclosed to comply with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/236e1604-244e-4e4c-9113-f94e43668ee9.pdf |
2. Business UpdateKalpataru Projects International Limited (KPIL) recently announced the approval for setting up a fund raising limit of up to Rs. 1600 Crores through the issuance of secured/unsecured redeemable Non-Convertible Debentures (NCDs)ß. This includes the current NCDs amounting to Rs. 1298 Crores. The Board of Directors authorized the Executive Committee for this purpose, with the meeting concluding within 15 minutes. Shweta Girotra, the Company Secretary, signed off on the communication. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d381d643-5168-49e9-a312-a4ff0f8c9d4e.pdf |
Alphalogic Techsys Ltd has received an in-principle approval letter from BSE on 09th July, 2024 for a proposed bonus issue. The bonus issue is in the ratio of 14:48, meaning shareholders will receive 14 bonus equity shares of Rs. 05/- each for every 48 existing equity shares of Rs. 05/- each held. The record date to determine the eligibility of shareholders for the bonus shares is set for Saturday, July 13, 2024. This information follows a prior communication dated 02nd July, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27881edd-d0cb-4555-bff3-6f7468fd5854.pdf |
Shyam Metalics and Energy Limited is a leading multi-metal conglomerate based in India, focusing on carbon steel, stainless steel, speciality alloys, and aluminum foil. The company has shown significant performance in sales volumes and realizations for Stainless Steel, Aluminum Foil, Speciality Alloys, and Carbon Steel. Notably, there has been a substantial increase in sales volumes for Stainless Steel and Sponge Iron on a year-on-year basis. Additionally, the company has diversified product offerings across the steel value chain and has received a high credit rating from CRISIL. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c88d22e0-89d7-4aad-8843-8a6136008cda.pdf |
IZMO LimitedPRIOR acquireGERonimo Web, a global leader in digital marketingPRI programs for automotive OEMs and dealers. ThisPRI strategic acquisition positions IZMO as one of the largest providers of digital web platforms WORLDWIDE, expanding its clientele to over 4,000 automotive dealers in 37 countries. The acquisition will enable IZMO to offer a comprehensive suite of products to its clients, including izmoEmporio, Digital+, and MarketingFactoryPRI This move is expected to revolutionize the automotive retail landscape and create sustainable value for all stakeholders(n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/b8b777b9-06b0-44d7-a5c1-0de0d0b2d299.pdf |
Metropolis Healthcare Ltd has reported a robust performance for Q1FY25, with revenues growing by approximately 13% year-over-year (Y-o-Y). This growth was driven by a 7% increase in patient volumes and a 9.5% rise in test volumes. The company's Truhealth wellness and bundling segment emerged as the fastest-growing part of the business. Additionally, B2C revenues surged by 18% Y-o-Y, contributing significantly to the overall growth. |
KDDL Limited has announced a buyback of up to 2,37,837 fully paid-up equity shares, each with a face value of INR 10. The buyback price is set at INR 3,700 per share, totaling an aggregate amount not exceeding INR 88 crores. This represents 1.90% of the company's total equity shares, 22.35% and 12.06% of the fully paid-up equity share capital, and free reserves based on the latest audited financial statements as of March 31, 2024. The buyback will be conducted proportionately among all equity shareholders, including promoters, as per SEBI regulations. The Board has formed a Buyback Committee to oversee the process, with the shareholding pattern as of June 30, 2024, showing promoters holding 50.21% and the public holding 49.79% of the shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2414f0c-4796-47a6-b96b-acdddcfebe04.pdf |
KDDL Limited announces buyback of up to 2,37,837 fully paid-up equity shares, each with a face value of INR 10. Buyback price set at INR 3,700 per share, totaling an aggregate amount not exceeding INR 88 crores. Represents 1.90% of the company's total equity shares and 22.35% and 12.06% of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements as of March 31, 2024. Buyback will be conducted proportionately among all equity shareholders, including promoters, as per SEBI regulations. The Board has formed a Buyback Committee to oversee the process, with further details to be announced in due course. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0153b33c-9104-40b9-9c89-95674f204b90.pdf |
East West Holdings Limited underwent a change in name to East West Freight Carriers Limited following the approval of the Scheme of Amalgamation by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench on January 4, 2024. The amalgamation involved Zip Express & Logistics Private Limited and East West Freight Carriers Limited with East West Holdings Limited. The change was approved by the Registrar of Companies under the Ministry of Corporate Affairs on July 9, 2024. The new name was officially certified on the same day, and the company is now known as East West Freight Carriers Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd3dc348-a3aa-41e8-a16f-bf35491f2a34.pdf |
Fusion Micro Finance Ltd has officially changed its name to Fusion Finance Limited following the approval from the Registrar of Companies/Ministry of Corporate Affairs, as indicated by the fresh certificate of incorporation dated July 09, 2024. This change was preceded by a special resolution passed by the shareholders on June 10, 2024. The company is currently in the process of filing the necessary documents regarding the name change with the stock exchanges and relevant regulatory bodies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/960da6ce-898b-4fcd-91be-ef9671cffca5.pdf |
RAAJ MEDISAFE INDIA LIMITED has announced the commencement of commercial production of hygiene products, specifically sanitary napkins and diapers, as part of its expansion/diversification program. This milestone was achieved on July 9, 2024, following a prior notification on January 16, 2024. The company has adhered to the regulatory requirements outlined in Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ab54b8a-32c2-4dac-b5e8-292b1aa4681a.pdf |
3. FDA InspectionAlembic Pharmaceuticals Ltd. announced on July 9, 2024, that it has received final approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Bromfenac Ophthalmic Solution, 0.07%. This solution is therapeutically equivalent to Prolensa Ophthalmic Solution, 0.07% by Bausch & Lomb. The solution is indicated for treating postoperative inflammation and reducing ocular pain in patients post-**cataract surgery**. The market size for this product is estimated at US$ 168 million for the twelve months ending March 2024. Alembic has a cumulative total of 207 ANDA approvals from the USFDA, including 180 final approvals and 27 tentative approvals. https://www.bseindia.com/xml-data/corpfiling/AttachLive/53c53e8c-2803-4a9c-8637-6be0c0be28fe.pdf |
Shilpa Medicare Limited's 100% subsidiary, Shilpa Pharma Lifesciences Limited, has successfully cleared the ANVISA-Brazil GMP inspection for its Active Pharmaceutical Ingredient (API) manufacturing facility, Unit II, located in Raichur, Karnataka. The inspection took place from April 15 to April 19, 2024. Following this, the facility has been issued GMP Certification from ANVISA-Brazil. The unit is involved in manufacturing various oncology and non-oncology APIs, and the company remains committed to maintaining GMP status and quality standards as per global regulatory expectations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7656c18-5164-4f84-8909-9acb1b3d9990.pdf |
Bharat Road Network Limited recently disclosed an inspection order under Section 206(5) of the Companies Act, 2013, issued by the Ministry of Corporate Affairs for its subsidiary, Orissa Steel Expressway Private Limited. The inspection letter was received on June 21, 2024, from the Regional Director (North Region), Ministry of Corporate Affairs. This regulatory disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ankita Rathi, the Company Secretary and Compliance Officer, signed the communication. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d5444799-142b-4a36-83ab-d10ed4484ecd.pdf |
4. Investor PresentationRaymond Ltd. has undertaken significant strategic initiatives over the past year, including the sale of its FMCG business for ₹2,825 Cr, making the group net debt-free. The company has also completed the demerger of its Lifestyle Business on June 30, 2024. Raymond's real estate business has been vertically demerged, creating a pure-play, net debt-free, listed real estate entity. The company has achieved sustainable annualized operational cost savings of approximately ₹400 Cr and has effectively managed working capital. Raymond Ltd. has consistently delivered strong revenue and profitability performance, with notable growth in EBITDA and margins. |
Sanjivani Paranteral Ltd, a pharmaceutical company based in Mumbai, has manufacturing plants in Navi Mumbai and Dehradun. They specialize in producing high-quality parenteral and oral solid products across various therapeutic areas. In FY24, the company showed significant growth with a 53% increase in revenue from operations. They have added 6 new geographies and have a total of 145 products in their portfolio. Domestic sales account for 31.3% of the company's revenue, while exports contribute 68.7%. The company has a strong R&D setup and is certified by WHO-GMP, DIGEMID, and DDA. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6749053-10b0-416c-8303-dcf5f2bb4e95.pdf |
AGS Transact Technologies Limited successfully renewed a commercial agreement with a leading private sector bank in India for managing their ATMs under its Outsourcing Portfolio. The revised agreement includes a hybrid fee model and is expected to generate approximately INR 30 crore annually for the company's Payment Solutions business segment. |
Keystone Realtors Limited, a real estate company, reported key operational updates for Q1 FY25. They achieved significant growth in Pre-Sales and Collections compared to the previous year. The company launched two projects in Q1FY25 with a saleable area of 0.63 mn sq ft and an estimated GDV of INR 20.17 bn each. Additionally, they added one redevelopment project with a saleable area of 0.35 mn sq ft and an estimated GDV of INR 9.84 bn. Keystone Realtors successfully raised INR 8 bn through QIP in May 2024, strengthening their financial position. The company's credit rating was upgraded to "ICRA A" from "ICRA A-". CEO Boman Irani highlighted the company's strong performance in Q1FY25, emphasizing sustained growth and readiness for multiple launches. https://www.bseindia.com/xml-data/corpfiling/AttachLive/06683ad7-8fe0-460c-9301-3b774e4fdfdc.pdf |
Adani Ports and Special Economic Zone Ltd has received a Letter of Intent (LOI) from the Deendayal Port Authority for the development, operation, and maintenance of Berth No. 13 at Deendayal Port. This project, awarded for a 30-year concession period through a competitive bidding process, will be executed on a DBFOT (Design, Build, Finance, Operate, and Transfer) basis. |
Dhyaani Tradeventtures Ltd (formerly known as Dhyaani Tile and Marblez Limited) has announced the outcome of its Rights Issue Committee meeting held on July 9, 2024. The committee approved the Draft Letter of Offer (DLOF) for the rights issue, which will be filed with the stock exchange for in-principle approval. The meeting commenced at 4:30 PM and concluded at 6:00 PM. This rights issue is in accordance with the Companies Act, 2013, and the SEBI regulations of 2018. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b9706a5-b8b1-4acf-9d85-704345688f7f.pdf |
Trimurthi Limited is the target company in an open offer initiated by M/s Srinidhi Fine-Chemicals LLP and Mr. Vupparapalli Chandrasekhar Reddy. The offer aims to acquire up to 26,52,000 fully paid-up equity shares representing 26.65% of the emerging voting share capital at a price of ₹**10** per share. The offer is in compliance with SEBI (SAST) Regulations, 2011. The total funds required for the offer amount to ₹**2,65,20,000**, with ₹**90,00,000** already deposited in a cash escrow account. The offer period is scheduled from July 16, 2024, to July 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/D347E482-76C2-4587-8002-BAD83529A555-144424.pdf |
ASIAN PETROPRODUCTS & EXPORTS LTD. was incorporated on November 26, 1991, as a public limited company under the Companies Act, 1956. The company's Registered Office is located at 24, Suwernapuri Society, Chikuwadi, Near Jetalpur Road, Alkapuri, Vadodara - 390 007, Gujarat, India. They are offering equity shares at a price of ₹ [●] per share, aggregating up to ₹ 1,600 lakhs on a rights basis to existing equity shareholders. The company emphasizes the importance of investors understanding the risks involved before making any investment decisions. ([Suwernapuri Society](n Meda%20Road%2C%20Alkapuri%2C%20Vadodara%20-%20390%20007%2C%20Gujarat%2C%20India](n Meda%20Road%2C%20Alkapuri%2C%20Vadodara%20-%20390%20007%2C%20Gujarat%2C%20India)). ) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c96b6d99-3782-4e19-872d-891422b3ca72.pdf |
RPP Infra Projects Ltd has secured new orders worth INR 310.93 crores. The company received letters of acceptance for two significant projects: |
Sparc Electrex Ltd has announced the launch of a new product, the HYUNDAI DEMOLITION HAMMER HB 11E, on 09-07-2024. This demolition hammer is categorized under HSN CODE 84672990 and is designed for various applications such as making or enlarging breaches in concrete/masonry walls, removing tiles, surfacing work on concrete walls, corrective chiseling, and creating channels in concrete or masonry. The product launch is in compliance with regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015. |
Sterling and Wilson Renewable Energy Limited has announced a significant change in its senior management. Effective July 10, 2024, Mr. Shiv Shankar Pandey will join the company as Director-Projects. Mr. Pandey brings over 33 years of experience in various sectors including Renewable Energy, Real Estate, Retail Development, Textile, Petrochemical, Electronics, Hospitality, and Project Management. This appointment follows the recommendation of the Nomination and Remuneration Committee and has been approved by the Board of Directors. Mr. Pandey holds a B.Tech in Production Engineering from G.B. Pant University. https://www.bseindia.com/xml-data/corpfiling/AttachLive/258ff63b-cc96-4032-a4a6-935f29f1e823.pdf |
Federal-Mogul Goetze (India) Limited is the subject of an open offer for acquisition by Pegasus Holdings III, LLC, along with other entities. The offer updates were provided on various dates in 2023 and 2024. The Securities Appellate Tribunal (SAT) has adjourned the appeal hearing to July 31st, 2024. The company's Whole-time Director, Dr. Khalid Iqbal Khan, communicated this information in a letter dated July 9, 2024. |
5. Preferential basisShine Fashions (India) Ltd. has announced a Board of Directors meeting scheduled for July 13, 2024, at 2:00 P.M. to discuss raising funds through the issuance of share warrants on a preferential basis. The trading window will be closed until 48 hours after the declaration of the outcome, in compliance with SEBI regulations. This meeting is crucial for strategic financial decisions and compliance with regulatory requirements. https://www.bseindia.com/xml-data/corpfiling/AttachLive/32293687-e1b7-488c-84c4-173fa6900b0f.pdf |
PC Jeweller Ltd. has announced a Board Meeting scheduled for July 13, 2024, to consider and approve the raising of funds through a preferential issue. This is subject to necessary regulatory and statutory approvals. The trading windowfor dealing in the company's shares has been closed since March 19, 2024, in accordance with the company's Code of Conduct. This meeting is in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b0f09cdb-e388-435b-a8cc-c9383e43ec89.pdf |
6. Press releaseRama Steel Tubes Ltd. is strategically positioned to capitalize on the robust domestic steel demand by expanding its manufacturing capacity in Anantpur, Andhra Pradesh through its wholly owned subsidiary, Lepakshi Tubes Private Limited. The company is a pioneer in the steel tubes and pipes industry, with a strong focus on key sectors like real estate, infrastructure, and automobiles. The industry is expected to witness growth due to increased investment in infrastructure projects, rising demand for residential and commercial spaces, and advancements in manufacturing techniques for high-strength and corrosion-resistant pipes. The expansion is financed through unsecured loans/internal accruals, with an investment requirement of approximately Rs. 10 Cr. Lepakshi Tubes Private Limited, the subsidiary, strategically located near the Andhra-Karnataka border, caters to the fast-growing South Indian market. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1c08f153-6ea8-4622-9357-46ecec6f56e0.pdf |
BLS International Services Ltd announced the successful acquisition of a 100% stake in iDATA, a Turkey-based Visa and Consular Services provider, for approximately Rs 720 Crores. This acquisition, funded through internal accruals and debt, enhances BLS's position in the international visa and consular services market. |
Marathon Nextgen Realty Ltd. reported a robust quarter ending June 30, 2024, with pre-sales amounting to Rs. 214 crores, comprising Rs. 68 crores in registered sales and Rs. 146 crores in unregistered sales. The area sold stood at 79,239 sq. ft., reflecting a 21% decrease QoQ, while the sales value decreased by 10% QoQ. However, collections increased by 8% QoQ to Rs. 272 crores. |
Rajoo Engineers Ltd. has launched the PROEX Series, a high-performance blown film line, during an exclusive event held on July 4-5, 2024, in Rajkot, India. The PROEX Series boasts impressive capabilities, including a production rate of 900 kg/hr, 22-micron thickness, and a 2800 mm layflat width. The REL EX 4.0 extruders and CSD 4.0 die ensure optimal energy efficiency and high yield, achieving line speeds of 150 m/min. This launch underscores Rajoo's commitment to technological innovation and excellence, aligning with the 'Make in India' initiative. For more details, visit Rajoo Engineers Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9c393522-8be5-4726-8f16-55438fb8f553.pdf |
Tech Mahindra Ltd. will announce its audited results for the first quarter ended 30th June 2024 on 25th July 2024. The earnings conference call is scheduled for the same day from 6:30 PM to 7:30 PM IST. The management will discuss the quarterly performance followed by a Q&A session. Interested participants can join via the Diamond Pass link provided. A replay of the call will be available until 31st July 2024. The Fact Sheet, Press Release, and other supporting documents will be accessible on Tech Mahindra’s investor website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/13392788-053d-40c9-9a36-2915e8808d93.pdf |
JSW Steel Ltd. reported a consolidated crude steel production of 6.35 million tonnes for Q1 FY25, reflecting a 1% YoY and 6% QoQ decrease due to planned maintenance shutdowns. The capacity utilization at Indian operations stood at 87%. The production breakdown includes 6.1 million tonnes from Indian operations and 0.23 million tonnes from JSW Steel USA - Ohio. JSW Steel aims to expand its total capacity to 43.5 MTPA by September 2027 and is committed to sustainability, targeting a 42% reduction in CO2 emissions by 2030 and achieving net-zero carbon emissions by 2050. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f735dcd1-5dec-481a-9233-a33c973ebd2e.pdf |
Cyient Limited has been honored with the Premier Award for Excellence from RTX for the third consecutive year, recognizing its superior performance in 2023. The award highlights Cyient's excellence in Cost Competitiveness, Collaboration, and Customer Service. Over a 23+ year collaboration, Cyient has provided 32+ million hours of engineering support across various stages of the product life cycle, including design, manufacturing, and digital solutions. Cyient, established in 1991, delivers Intelligent Engineering solutions to over 300 customers, including 40% of the top 100 global innovators. The company focuses on creating a digital, autonomous, and sustainable future. (Kumar et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b2accc8-61cc-45cf-8fe7-facf8b52a1d3.pdf |
Infibeam Avenues Ltd, a leading fintech company in India, has appointed Mr. Narayanan Sadanandan as an Independent Director. Mr. Sadanandan brings over four decades of experience in banking and finance, enhancing the company's governance framework. His appointment, effective for a five-year term, was approved by the Board of Directors and is subject to shareholder approval. |
Shalby Limited, a leading multi-specialty hospital in India, reported impressive financial performance in Q1 FY2025. The company's consolidated revenue grew by 20.2% YoY to Rs 2,886 million. EBITDA increased by 15.1% YoY to Rs 549 million. PAT stood at Rs 147 million, with a basic EPS of Rs 1.37. |
Fischer Medical Ventures Ltd, a healthcare company, collaborates with Tech Avant-Garde to enhance health programs in Indian educational institutions. The collaboration aims to implement comprehensive health programs in schools across India, focusing on promoting long-term health awareness and preventive care for students. |
Shriram Asset Management Company Limited, a part of the Financial Services Conglomerate - Shriram Group, recently listed the LIQUIDSHRI ETF on exchanges, symbolizing a strategic move in their growth strategy. The ETF are aims to provide a stable and liquid cash management solution with low interest rate and credit risk, offering higher returns for investors. As of March 31, 2024, the company's Assets Under Management (AUM) stood at ₹535.76 crores, with a significant 97% growth in AUM from the previous financial year. Shriram AMC offers a diverse product line including hybrid, equity, and debt funds to cater to various investment goals and objectives. |
L&T has recently secured a significant order for the construction of Two Fleet Support Ships for the Indian Navy, showcasing its 'Make in India' capabilities. These specialized naval vessels will be amongst the largest in the Indian Naval Fleet, with a length of over 220 meters and a displacement of approximately 45,000 tons. The vessels will be built in collaboration with Hindustan Shipyard Limited to meet challenging delivery timelines, aligning with the Government of India's vision of "Aatmanirbhar Bharat". L&T's greenfield shipyard at Kattupalli, near Chennai, will be the construction site for these ships, leveraging globally benchmarked technological practices. https://www.bseindia.com/xml-data/corpfiling/AttachLive/855bb7e1-5856-4b85-8f22-1257160ffbf2.pdf |
RateGain Travel Technologies Limited has entered into a multi-year partnership with Malaysia Airlines to provide AI-powered rate intelligence. This collaboration aims to enhance Malaysia Airlines' pricing strategies and boost its competitiveness in the aviation industry. RateGain's AirGain platform will offer real-time competitive pricing insights to help Malaysia Airlines optimize daily opportunities for expansion and improve customer satisfaction. The partnership aligns with Malaysia Airlines' strategic goals and commitment to delivering exceptional services in the aviation sector(Philip, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4322bd06-ddad-4b78-88d6-8e1e894de865.pdf |
Inox Wind Ltd secured a significant order for 200 MW of 3 MW Wind Turbine Generators (WTGs) from a renewable C&I power producer. The project includes turnkey execution and post-commissioning O&M services in Gujarat and Rajasthan. |
Infosys Ltd. announced a strategic five-year collaboration with Sector Alarm, a leading European security provider, to modernize their core systems across eight countries using Microsoft Dynamics 365 Finance and Operations (F&O). This partnership will leverage Infosys Cobalt to migrate Sector Alarm's on-premises ERP platform to the cloud, enhancing financial and business operations, customer retention, and reducing the total cost of ownership. The phased implementation will cover countries including Norway, Sweden, Finland, Italy, and France, aiming to streamline business processes and improve customer and employee experiences. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b9466c9-e1fd-40c4-bbf7-a17b9b69acf7.pdf |
7. New AcquisitionsKrishna Institute of Medical Sciences Ltd has executed a Share Purchase Agreement to acquire 100% equity stake in Chalasani Hospitals Private Limited (QNRI). |
Larsen & Toubro Limited (L&T) recently disclosed under Regulation 30 of SEBI LODR about its subsidiary's acquisition of 100% stake in SiliConch Systems Private Limited. SiliConch is a fabless semiconductor design company specializing in System-on-Chip IP. The acquisition cost includes an upfront amount of INR 133 Cr and a deferred amount of INR 50 Cr. SiliConch has 30 granted patents and generated revenue primarily from non-recurring engineering (NRE) revenue and license fees. The acquisition is expected to strengthen L&T's presence in the fabless semiconductor business. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c79a152-8873-4dc4-b650-eed69eafd86e.pdf |
The Phoenix Mills Ltd has announced an investment by its subsidiary, Sparkle One Mall Developers Private Limited. Sparkle One has invested Rs. 4,68,27,820 by subscribing to 4,68,282 equity shares at Rs. 10 each and 42,145 Compulsory Convertible Debentures at Rs. 1000 each of O2 Renewable Energy XIII Private Limited. This acquisition results in Sparkle One holding a 30.95% equity stake in O2 Renewable XIII, which is set up to develop and construct a solar power project as a captive generating station. The transaction was completed on July 09, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/11e717f5-933b-4128-976b-f6c91d79b3fc.pdf |
BN Holdings Ltd has infused USD 12 million into its wholly owned subsidiary, BN Holdings Europe Ltd, on July 4, 2024, to acquire additional ordinary shares. This transaction, classified as a related party transaction, is aimed at business expansion and efficient management of overseas operations. |
HP Adhesives Ltd has subscribed to an additional 40,000 equity shares of Rs. 10 each, fully paid-up at Rs. 500 per share, including a premium of Rs. 490 per share, in its wholly-owned subsidiary, Unitybond Solutions Private Limited (USPL). This investment, totaling Rs. 2 crore, is part of a rights issue. |
Infibeam Avenues Ltd has announced several key developments following its Board of Directors meeting on July 09, 2024. The company approved the acquisition of the remaining 26% stake in Infibeam Digital Entertainment Private Limited, making it a wholly-owned subsidiary. Additionally, a new wholly-owned subsidiary will be incorporated to focus on AI-enabled fraud detection and prevention, particularly in the fintech and financial sectors. The Board also appointed Mr. Narayanan Sadanandan as an Additional Independent Director for a five-year term. The 14th Annual General Meeting (AGM) is scheduled for August 14, 2024, with a record date set for August 07, 2024, to determine shareholders eligible for the final dividend. (BSE Limited, Phiroze Jeejeebhoy Towers, et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/58d741e6-16b0-4614-8853-0cf7fad69ad9.pdf |
8. Credit RatingZee Media Corporation Limited has experienced a significant downgrade in its credit rating by CARE Ratings. reflects a shift from "CARE BB+; Stable" to "CARE BB; Negative" as of July 9, 2024. This downgrade is attributed to a 12% decline in consolidated revenue to approximately ₹638 crores in FY24, primarily due to reduced advertisement revenue following its exit from the BARC rating system. The company's operating profitability deteriorated, with a PBILDT loss of around ₹39 crores in FY24 compared to a profit of ₹66 crores in FY23. Additionally, the acquisition of intangible assets worth ₹170 crores and continued PAT losses over the last three years have significantly eroded the company's net worth, leading to weakened leverage metrics. Despitere-entering the BARC rating system in October 2023, the company's ability to sustain improved performance and generate healthy cash flows remains uncertain. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3948a9c7-cfec-43b0-a65f-9e9eb0707fe6.pdf |
Mankind Pharma Ltd has received credit ratings from ICRA Limited and CRISIL Ratings Limited as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both agencies assigned a rating of AA+ (Stable) to the company's non-convertible debentures amounting to ₹**4,600 crore**. This information was disclosed on July 9, 2024, and is available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d65a6678-e7e9-4ca7-8a34-5e8f814c2873.pdf |
SNL BEARINGS LTD. has received a reaffirmation of its credit ratings from CRISIL Ratings Limited. The ratings for the company's long-term and short-term facilities are as follows: |
SecureKloud Technologies Ltd has experienced a significant downgrade in its credit rating from CARE C (Stable) to CARE D due to delays in debt servicing (**SecureKloud Technologies Ltd**, CARE). The company has been facing continued operating losses, primarily due to increased R&D spending over the past two years, amounting to ₹91 crore, which has not yielded the expected revenue (**SecureKloud Technologies Ltd**, ₹91 crore). |
Himadri Speciality Chemical Ltd recently received credit ratings from ICRA Limited for various credit facilities and instruments. The ratings for: |
Canara Bank received a CARE AAA; Stable rating from CareEdge RATINGS for its Rs. 10,000 Crore Infrastructure Bonds. The rating agency assigned a Triple A rating with a Stable Outlook for the bonds. This rating indicates a high level of creditworthiness and stability for the bank's infrastructure bonds. Canara Bank was advised to revalidate the rating if the proposed issue is not made within six months from the initial communication of the rating. https://www.bseindia.com/xml-data/corpfiling/AttachLive/75c82860-0bce-4ce7-93c9-fd1909d3407e.pdf |
RAMKRISHNA FORGINGS LIMITED recently had its long-term and short-term ratings upgraded by ICRA Limited. The long-term rating was upgraded from [ICRA]JA+ to [ICRA]AA-, while the short-term rating was upgraded from [ICRA]A1 to [ICRA]A1+. The outlook on the long-term rating was changed from Positive to Stable. This information was disclosed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
RVNL entered into a Memorandum of Understanding (MoU) with TATWEER Middle East and Africa LLC on July 9, 2024. This collaboration aims to leverage RVNL's expertise in the railway sector to develop joint capabilities in the design and execution of various rail-based projects in the MENA region and European countries. Additionally, the partnership will focus on the supply, design, implementation, and commissioning of smart city solutions, digital transformation, and professional engineering services. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ff571d7-20a9-45a8-9d17-18a895088b87.pdf |
Parag Milk Foods Ltd has executed a First Amendment Agreement to its FCCB Subscription Agreement with the International Finance Corporation (IFC) on July 9, 2024. This amendment revises the conversion price of the Foreign Currency Convertible Bonds (FCCBs) from INR 145 to INR 135 per equity share. The agreement, initially executed on May 8, 2021, remains unchanged in other aspects. This modification follows commercial discussions and approval from the Reserve Bank of India. The details of this amendment are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e15a440-97e8-4c70-a1e8-77d4a9336350.pdf |
Reliance Industries Limited has announced the subscription to 5,00,00,000 Class 'B' equity shares of Mahan Energen Limited (MEL), each with a face value of Rs. 10, totaling Rs. 50 crore. This investment follows the completion of all conditions precedent as of July 9, 2024. |
BLS International Services Ltd has successfully completed the acquisition of iData Danışmanlık Ve Hizmet Dış Ticaret Anonim Şirketi (iDATA) on July 9, 2024. This acquisition was executed by BLS International Holding Anonim Şirketi, a wholly-owned subsidiary of BLS International FZE. The process was in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and follows earlier corporate announcements made on January 15, 2024, March 29, 2024, and July 1, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7db4fa0-18b8-492b-86c6-f423c349528e.pdf |
Mercantile Ventures Ltd recently disclosed under Regulation 30 of SEBI about acquiring 38.41% equity share capital of India Radiators Limited. The acquisition triggered an open offer as per SAST regulations. The target entity, India Radiators Limited, operates in the leasing of immovable properties and manufacturing of automotive components. The company reported a turnover of Rs. 6.32 lakhs for FY 2023-24. The acquisition involves a cash consideration of INR 14,72,691 for 3,45,702 equity shares. The existing promoters will relinquish control in favor of the acquirer, who will become the new promoter of the target company. |
MEDIAONE GLOBAL ENTERTAINMENT LTD. recently announced the resignation of Mr. M. Srinivas Kumar, the Chief Financial Officer, due to health reasons, effective from July 8, 2024. The resignation was in compliance with SEBI regulations. |
Fraser and Company Ltd held a Board of Directors meeting on July 09, 2024. The board approved the resignation of Mr. Kaustubh Ravindra Shetye as Managing Director, effective July 09, 2024. Ms. Kanchan S. Gupta was appointed as Chief Financial Officer, effective August 08, 2024. Mr. Vijay Solanki was appointed as an Executive Director, effective July 09, 2024. Mr. Omkar Rajkumar Shivhare was re-designated from Whole-Time Director to Managing Director, effective the same date. The board discussed corrective steps following an administrative warning from SEBI and approved the reconstitution of the Audit and Stakeholder Relationship Committees. https://www.bseindia.com/xml-data/corpfiling/AttachLive/74864429-3733-4911-9915-e0ee7dd95b04.pdf |
Baron Infotech Ltd. has issued an Invitation for Expression of Interest (EOI) for a Resolution Plan under the Insolvency and Bankruptcy Code. The notice was published on 09th July 2024 in the Financial Express and Mana Telangana newspapers. The last date for submission of EOIs is 30th August 2024. The company, operating in the software industry, reported a turnover of INR 6.58 Lakhs for the financial year 2022-23. Further details, including financial statements and eligibility criteria for resolution applicants, are available on their website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ece37dae-190e-4f92-afe3-7486a0a9fb07.pdf |
7. Right issueSpectrum Foods Limited has disclosed under Regulation 30 of SEBI LODR regarding the conversion of partly paid-up Rights Equity Shares to fully paid-up shares. In their meeting on July 09, 2024, the Board of Directors noted the receipt of call money for 1,82,21,671 shares, aggregating to ₹**18,22,16,710**. Consequently, 1,82,21,671 partly paid-up shares were converted to fully paid-up shares of ₹**10** each. The total paid-up equity share capital of the company now stands at ₹**24,96,36,075**. The company will seek listing and trading approvals from BSE Limited for these fully paid-up shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/856af4f0-2be4-4685-9608-246229c24559.pdf |
Scanpoint Geomatics Limited is holding a Board Meeting on July 15, 2024, to discuss key agenda items including: |
Krishna Institute of Medical Sciences Ltd (KIMS) has announced the acquisition of a 200-bed multi-specialty hospital, Queen's NRI Hospital, in Vizag by purchasing a 100% stake in M/s. Chalasani Hospitals Private Limited. |
AARTI DRUGS LTD. has announced that the N-198 unit at Tarapur is now operational again. The company has confirmed that there has been no material impact on its financials and business operations due to this incident. This update was disclosed pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information was communicated to the stock exchanges on July 9, 2024. |
Patanjali Foods Ltd recently held an Analyst and Investor Meeting on July 02, 2024, where key management, including Swami Ramdev and CEO Sanjeev Asthana, discussed significant business updates. The company announced the acquisition of its Home and Personal Care (HPC) business for INR 2,800 crores, marking its third major acquisition. The HPC business, which includes 92 products and 186 SKUs, is expected to enhance Patanjali's market presence with a projected EBITDA margin increase of 200 basis points over the next 18 months to 2 years. The company aims to achieve a 50-50 revenue split between FMCG and edible oil, targeting INR 18,000-20,000 crores in FMCG revenue within 3-4 years. Additionally, Patanjali plans to expand its oil palm plantation to over 3 lakh hectares, contributing significantly to future revenue. https://www.bseindia.com/xml-data/corpfiling/AttachLive/65ffd99a-903a-447f-a51b-4853a4105a66.pdf |
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