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Table of Contents
1.New Orders
Ahasolar Technologies Ltd has received a significant work order from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for the planning and development of Electric Vehicles (EVs) Charging Infrastructure and an online platform for the Gujarat Energy Development Agency (GEDA). The consultancy contract, valued at approximately ₹**45 lacs**, is to be executed within nine months. This international order does not involve any related party transactions or interests from the promoter group. The company has requested the relevant authorities to update their records accordingly. https://www.bseindia.com/xml-data/corpfiling/AttachLive/285e327e-c6b1-4d77-b46a-2e222b732783.pdf |
Oriental Rail Infrastructure Ltd has secured orders worth Rs 19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, Indian Railways. The contract involves manufacturing and supplying: |
Majestic Auto Ltd. has received an order from the National Company Law Appellate Tribunal (NCLAT), Principal Bench, Delhi, dated July 2, 2024, allowing the company to continue its Resolution Plan for the acquisition of Sharan Hospitality Pvt. Ltd. The order, received on July 9, 2024, sets aside the liquidation of Sharan Hospitality Pvt. Ltd. and restores Majestic Auto Ltd.'s Resolution Plan, subject to the vacation of a stay order dated December 13, 2021, by the Hon’ble Supreme Court in the case "Daiichi Sankyo Company Limited Vs. Sharan Hospitality Pvt. Ltd." (MAJESTIC AUTOLTD.- $_7/10/2024_67, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/659426df-725d-4c99-ab9c-a48e919d917b.pdf |
ITCONS E-Solutions Ltd has announced the awarding of a contract from the Uttar Pradesh Police, Adg Pac, Home Department Uttar Pradesh. The contract involves providing 28 semi-skilled employees on a contractual basis for a period of 9 months and 4 days. The total value of the contract is INR 41,15,469.10. This contract is with a domestic entity and does not involve any related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a5a83362-0859-4f13-ae4f-b43f514c5e21.pdf |
GE Power India Ltd has announced the receipt of a significant purchase order from Mangalore Refinery and Petrochemicals Limited for the supply of Main Turbine Spares. The contract, valued at INR 76.67 million plus 18% GST, is to be executed within 18 months. This order is from a domestic entity and does not involve any related party transactions or interests from the promoter group. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2a5cf89-25d2-4c97-b775-780037c6910e.pdf |
2. Business UpdatesGoel Food Products Ltd announces withdrawal of previously submitted intimation for dividend and bonus issues record date, initially dated June 26, 2024. New record date to be announced after shareholder approval. Cut-off date for voting rights remains July 15, 2024. Register of Members and Share Transfer Books to be closed from July 16 to July 22, 2024, for the AGM. This update ensures shareholders are informed of the revised schedule and maintains transparency in the company's financial activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51a070e9-5d82-4b44-9bb1-6acb893da14c.pdf |
Beardsell Ltd has announced the voluntary delisting of its equity shares from BSE Limited, effective from July 15, 2024. The complete delisting from BSE records is expected by July 23, 2024. This decision complies with Chapter III Part A of SEBI (Delisting of Equity Shares Regulations, 2021). |
Franklin Industries Limited is a company based in India, with its registered office in Ahmedabad, Gujarat. The company is holding a Board Meeting on July 17th, 2024, to discuss various important matters such as: |
3. FDA ObservationsZydus Lifesciences Ltd has received final approval from the USFDA for Sacubitril and Valsartan Tablets. These tablets are used to treat chronic heart failure in adults. The tablets will be manufactured in Ahmedabad, India. In the United States, the company had annual sales of USD 5,483 million from this particular drug. Zydus Lifesciences Ltd has a total of 399 approvals from the USFDA and has filed over 460 ANDAs since FY 2003-04. (Refer to ZydusLifesciencesLtd_7/10/2024_48, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/94afcab2-6f7f-49d9-a170-062419291f07.pdf |
Zydus Lifesciences Ltd has received tentative approval from the USFDA to market Diroximel Fumarate Delayed-Release Capsules, 231 mg, indicated for treating relapsing forms of multiple sclerosis in adults. The drug will be manufactured at Zydus's facility in Ahmedabad SEZ, India. This approval adds to Zydus's portfolio, which now includes 398 approvals and over 460 ANDA filings since FY 2003-04. Notably, Diroximel Fumarate Delayed-Release Capsules had annual sales of USD 847.4 million in the United States as of May 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9de99361-0e1b-499c-9e8f-c64dc9164bbb.pdf |
Zydus Lifesciences Ltd has received final approval from the USFDA to market Sacubitril and Valsartan Tablets in dosages of 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg. This combination drug, used to treat chronic heart failure in adults, will be manufactured at Zydus's facility in Moraiya, Ahmedabad, India. |
Harish Textile Engineers Ltd received a summons from the Directorate General of Goods and Services Tax Intelligence Regional Unit, Vapi regarding the misclassification of finished goods related to the sale of non-woven fabric under the Central Goods and Services Tax Act, 2017. The company's representative will take necessary actions and appear for hearings. The physical copy of the summons was received on July 2, 2024. The company plans to challenge the violation based on strong merits and will reply to the authorities accordingly. There is no financial or operational impact reported due to this issue, and the company is seeking legal advice for further actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/124a43ca-87de-41d0-a4f8-5097a423f539.pdf |
4. Investor PresentationSuprajit Engineering Ltd. has released an updated Investors' Presentation dated July 10, 2024. The company, a global leader in control cables and halogen bulbs, has a strong presence in various sectors including automotive, 2-wheeler, and non-automotive markets. |
Balu Forge Industries Ltd (BFIL), established in 1989, is a leading global enterprise in precision engineering and metal forming. The company has a diverse product portfolio catering to industries such as automotive, agriculture, defense, and new energy vehicles. |
Tata Elxsi Ltd. reported a Q1 FY25 revenue of Rs. 926.5 Cr, marking a 9.0% YoY growth and 2.3% QoQ increase. |
Sun Pharmaceutical Industries Ltd. is a leading global specialty generic company with a diversified business portfolio, including specialty products, branded generics, generics, and APIs. For FY24, the company reported gross sales of Rs 477,585 million. The company has a significant presence in over 100 countries. |
Indowind Energy Ltd. has authorized a Rights Issue amounting to Rs. 4,900 Lakhs for eligible equity shareholders. The Board of Directors approved the Draft Letter of Offer on March 29, 2024. |
5. Offer for SaleGlenmark Life Sciences Ltd. has announced an Offer for Sale (OFS) of up to 9,617,371 equity shares, representing 7.85% of its total issued and paid-up equity share capital. The OFS will be conducted through the stock exchange mechanism of BSE and NSE on July 11, 2024, for non-retail investors, and on July 12, 2024, for retail investors and non-retail investors carrying forward unallotted bids. The floor price for the offer is set at INR 810 per equity share. The OFS aims to achieve the minimum public shareholding as mandated by SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/da244f2c-e004-49f5-b036-bcadedd87119.pdf |
Glenmark Pharmaceuticals Ltd. has announced a proposed offer for the sale of up to 9,617,371 equity shares of Glenmark Life Sciences Limited. This represents 7.85% of the total issued and paid-up equity share capital. The sale will occur through the stock exchange mechanism on July 11, 2024, for non-retail investors and on July 12, 2024, for retail investors and non-retail investors carrying forward unallotted bids. The floor price for the offer is set at INR 810 per equity share. The offer aims to achieve the minimum public shareholding as prescribed by SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/38da4a26-16e6-466b-95e7-157ca4d984ca.pdf |
Glenmark Life Sciences Ltd is set to offer up to 9,617,371 equity shares, representing 7.85% of its total issued and paid-up equity share capital, through a stock exchange mechanism on July 11, 2024, for non-retail investors, and on July 12, 2024, for retail investors. The floor price for the offer is set at INR 810 per equity share. This sale is part of an effort to achieve the minimum public shareholding as mandated by regulatory guidelines. The offer will be conducted through a separate window provided by BSE and NSE, with Kotak Securities Limited appointed as the broker for the sellers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/57D67237-009F-42CB-9AA4-CA7C39B1B909-174032.pdf |
Bartronics India Ltd. is undergoing an Offer for Sale (OFS) of 1,35,00,000 equity shares, each valued at Rs. 1, by its promoter, Kinex India Private Limited (formerly known as Antanium India Private Limited). The OFS is scheduled for: |
OK PLAY INDIA LTD. has announced the initiation of an initial public offering (IPO) for its material subsidiary, OK Play Auto Private Limited (OKPA). The decision was confirmed by the Boards of Directors of both companies on July 10, 2024. The IPO will involve a fresh issue or offer for sale of equity shares by eligible shareholders of OKPA, in compliance with applicable laws. The timing and implementation of the IPO will depend on market conditions and other relevant factors. The price will be determined according to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board meeting discussing this commenced at 12:00 PM and concluded at 12:35 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1eeaa843-e3bf-429c-acc3-a54319f3220d.pdf |
6. Open Offer AcquistionAGRO TECH FOODS LTD. is the target company in an open offer for the acquisition of up to 63,36,009 fully paid-up equity shares, representing 26% of its voting share capital, by Zest Holding Investments Limited and associated PACs. The offer price is set at INR 578.03 per equity share. The tendering period for eligible public shareholders is from July 11, 2024, to July 25, 2024. The Committee of Independent Directors has reviewed the offer and deemed it fair and reasonable. The offer is not a competing offer, and no statutory approvals are required to complete it. https://www.bseindia.com/xml-data/corpfiling/AttachLive/B317E846-5769-4712-8EBC-B15A831886AB-134151.pdf |
SOMA PAPERS & INDUSTRIES LTD. has announced an open offer for the acquisition of equity shares from public shareholders. The offer is managed by CIL Securities Limited, appointed by acquirer Mr. Narasimharao Anumala, along with PACs Mr. Anumala Ramesh Choudary and Ms. Anupama Anumala. The Pre Offer Advertisement cum corrigendum to the Detailed Public Statement was published on July 10, 2024, in Financial Express, Jansatta, and Mumbai Lakshadweep. |
Eiko Lifesciences Ltd has announced a revised public offer by Lenus Finvest Private Limited and individual promoters to acquire up to 36,03,716 shares, representing 26.00% of the expanded voting share capital at an offer price of ₹**53.10** per share. This mandatory open offer aims to consolidate the promoters' shareholding, which currently stands at 24.40%. The offer is managed by Swaraj Shares and Securities Pvt Ltd and is compliant with SEBI regulations. The total consideration for the offer, assuming full acceptance, amounts to ₹**19,13,57,319.60**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/60055dd0-03cd-44ff-8873-a1f7f7391769.pdf |
Eiko Lifesciences Ltd is undergoing a significant change as its existing promoters, including M/s Lenus Finvest Private Limited and individual promoters like Mr. Siddhant Laxmikant Kabra, intend to acquire up to 36,03,716 offer shares. Representing 26.00% of the expanded voting share capital. This mandatory open offer, triggered under SEBI (SAST) Regulations, aims to consolidate the promoters' shareholding. currently, the acquirers collectively hold 33,82,309 equity shares. accounting for 24.40% of the expanded voting share capital. The offer price is set at ₹**53.10** per share, with the total consideration amounting to ₹**19,13,57,319.60** payable in cash. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6DB96778-6EA5-4615-BCCA-A02A46E94321-171601.pdf |
Eiko Lifesciences Ltd has announced an open offer for the acquisition of up to 36,03,716 shares, representing 26.00% of its expanded voting share capital, at an offer price of ₹**52.00** per share. This offer is made by Lenus Finvest Private Limited along with individual promoters Mr. Siddhant Laxmikant Kabra, Mr. Laxmikant Ramprasad Kabra, Mr. Bhavesh Dhirajlal Tanna, and M/s Laxmikant Kabra HUF. The total consideration for the offer, assuming full acceptance, amounts to ₹**18,73,93,232**. The promoters currently hold 24.40% of the expanded voting share capital and aim to consolidate their shareholding through this mandatory open offer. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a34940b-10d3-4ea0-9e66-ad0f174d1fa6.pdf |
Ahmedabad Steelcraft Ltd. has received recommendations from its Committee of Independent Directors regarding an open offer for the acquisition of 10,63,920 equity shares, representing 26% of the company's voting share capital, by Mr. Rohit Pandey and Mr. Sunil Dutt Pandey. The offer price is set at ₹54 per share. The Independent Directors, who are non-executive and have no current relationship with the acquirers, believe the offer is fair and reasonable. The offer details were reviewed based on public announcements and official documents, concluding that the offer price aligns with relevant regulations and appears justified. (AHMEDABADSTEELCRAFTLTD._7/10/2024_79, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/C002B7C3-4A74-4904-9330-0136D98EDEA3-120714.pdf |
Eiko Lifesciences Ltd is the target company in an open offer made by M/s Lenus Finvest Private Limited and individual promoters, including Mr. Siddhant Laxmikant Kabra, Mr. Laxmikant Ramprasad Kabra, Mr. Bhavesh Dhirajlal Tanna, and M/s Laxmikant Kabra HUF. The offer aims to acquire up to 36,03,716 shares, representing 26.00% of the expanded voting share capital, at an offer price of ₹**52.00** per share. This mandatory open offer is in compliance with SEBI (SAST) Regulations, 2011, and is intended for the consolidation of the promoters' shareholding. The promoters currently hold 24.40% of the expanded voting share capital, and post-transaction, they aim to hold 50.40% assuming full acceptance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/160C4D07-DBF1-464C-BCF2-B6922F11501A-114547.pdf |
S&S Power Switchgear Ltd. has received an open offer from Hamilton & Company Limited and associated parties to acquire up to 30,88,947 equity shares at ₹**155** per share. The Independent Directors Committee (IDC) reviewed the offer and deemed it fair and reasonable, based on the highest negotiated price and volume-weighted average price over 60 trading days preceding the public announcement. The IDC members, who are independent and non-executive directors, have no equity holdings or relationships with the target company or the acquirers. They have not traded in the company's shares in the past 12 months. The IDC advises shareholders to independently evaluate the offer before making a decision. https://www.bseindia.com/xml-data/corpfiling/AttachLive/E87CA068-8BCD-44CB-88A0-BBDC5FD09AF3-104836.pdf |
7. Preferential BasisUpsurge Investment & Finance Ltd. has scheduled a Board of Directors meeting on Tuesday, 16th July 2024 at its Registered Office to consider and approve several key matters. These include an increase in the company's Authorized Share Capital and the alteration of the Capital Clause in the Memorandum. Additionally, the board will discuss and finalize a proposal for issuing Equity Shares or Convertible Warrants on a Preferential Basis to both Promoter and Non-Promoter groups to raise additional capital. The meeting will also adopt and approve the Draft Notice of the Extra Ordinary General Meeting, fix its date and time, and appoint a Scrutinizer for the E-voting process. The trading window for dealing in the company's equity shares has been closed from 1st July 2024 until 48 hours after the declaration of the Unaudited Financial Results for the quarter ended 30th June 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bf9ac328-8ced-46eb-a915-bcce28a7c86c.pdf |
Harig Crankshafts Limited has scheduled a Board of Directors meeting on July 15, 2024, to consider significant corporate actions. key agenda items include the extinguishment of all equity shares held by former promoters as of July 3, 2024, and the reduction/cancellation of 95% of public shareholders' equity shares without any payout, followed by the re-issuance of 525,000 equity shares of INR 10/- each to eligible public shareholders. Additionally, the company plans to issue and allot 10,500,000 equity shares amounting to INR 10.5 crores. Of these shares, 9,975,000 shares are allocated to Palika Towns LLP on a preferential basis and 525,000 shares to public shareholders. The record date for these actions has been updated to July 12, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d33141bd-d23f-4c56-a7cb-e06561cba96f.pdf |
GV Films Ltd. held a Board Meeting on July 10, 2024, where they approved the receipt of the second tranche of consideration for the allotment of Convertible Warrants at Re. 1 each. The total amount received was ₹23.75 crores from non-promoter entities. Key allottees include Pankaj Jain, Vishal Jain, and others, each contributing amounts ranging from ₹2.5 crores to ₹3.75 crores. The meeting was held at the company's corporate office in Chennai and lasted from 04:45 P.M. to 05:45 P.M. https://www.bseindia.com/xml-data/corpfiling/AttachLive/843e6e73-14ee-4dff-a671-89606713a1e7.pdf |
PNGS Gargi Fashion Jewellery Ltd held a Board Meeting on July 10, 2024, where they approved the issuance of up to 747,800 equity shares. The face value of each share is at Rs. 10/- and the price is Rs. 575/- each, aggregating to Rs. 42,99,85,000/-. This issuance is subject to shareholder and regulatory approval and will be on a preferential basis to specified investors and the promoter group. An Extraordinary General Meeting (EGM) is scheduled for August 02, 2024, to seek shareholder approval for this issuance. CS Ruchi Bhave was appointed as the scrutinizer for the e-voting process related to the EGM. (The Corporate Relationship Department, BSE Limited 1 st Floor, PJ Towers, Dalal Street, Mumbai 400 001). https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f18ccaf-15e9-41f0-9a66-5d4ecf20528d.pdf |
Bajaj Healthcare Ltd announced several key decisions following a Board of Directors meeting on July 10, 2024. The company approved an increase in its authorized share capital from Rs. 14 crores to Rs. 25 crores, creating an additional 2.2 crore equity shares. |
Max Estates Ltd has announced a Board meeting scheduled for July 15, 2024, to discuss and approve the raising of further capital. The company plans to consider various financial instruments, including: |
Bajaj Healthcare Ltd announced several key decisions following their Board of Directors meeting on July 10, 2024. The company approved an increase in its authorized share capital from ₹14 crores to ₹25 crores, creating an additional 2.2 crore equity shares. They also approved the issuance of up to 40,44,852 equity shares at ₹338 per share, raising approximately ₹136with.**72 crores**, and the issuance of 20,79,409 convertible equity warrants at the same price, aggregating to ₹70.28 crores. Additionally, the company will hold an Extraordinary General Meeting on August 7, 2024, to seek shareholder approval for these actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/701b9991-f8e5-479c-a1b7-3d46c6abf906.pdf |
Jet Infraventure Ltd has approved the allotment of 23,12,000 fully paid-up Equity Shares at a price of Rs. 16.25 per share (including a premium of Rs. 6.25) on a preferential basis, aggregating to Rs. 3,75,70,000. This allotment, approved on July 10, 2024, follows the Board's approval on May 29, 2024, and the members' approval on June 25, 2024. The new shares will be listed on BSE and will increase the company's paid-up equity share capital from Rs. 4,19,20,000 to Rs. 6,50,40,000. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fcfd326b-5d3e-4f43-8df9-cb7f650027fe.pdf |
8. Press ReleasesMeson Valves India Ltd has announced a strategic acquisition of a majority stake in Milindpra Castings Private Limited, a newly incorporated entity in the metal casting and foundry industry. The acquisition involves the purchase of 7,033 shares at Rs 10 per share, totaling Rs 70,330. |
Tata Elxsi Ltd. reported a robust performance in Q1 FY25, with a 2.3% QoQ growth in operating revenue, reaching Rs. 926.5 Cr, and a 9.0% YoY increase. |
9. Credit Rating UpdatesSamvardhana Motherson International Ltd has received an upgrade in its credit rating from CRISIL to AAA/Stable for its long-term bank facilities and corporate credit rating. This reflects the highest rating possible. The short-term bank facilities rating of A1+ has been reaffirmed. As of March 31, 2024, SAMIL's automotive booked business stood at USD 83.9 billion, showcasing its strong relationships with major global OEMs. The company is expected to continue its OEM-guided acquisition strategy, driven by customer requirements and a prudent funding philosophy. (Sector 1, Noida -201301, Distt. Gautam Budh Nagar, U.P, India) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c969f0da-01ae-4bc8-87cd-85c4ca0db968.pdf |
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has launched a significant initiative in collaboration with Delhi Metro Rail Corporation (DMRC) and Centre For Railway Information Systems (CRIS). The "One India - One Ticket" initiative allows passengers to book Delhi Metro Rail QR Code-based tickets on the IRCTC website and mobile app. The beta version of this integration was launched on July 10, 2024. |
State Bank of India (SBI) successfully raised Rs 10,000 crores at a coupon rate of 7.36% through its sixth infrastructure bond issuance. The issue received an overwhelming response, with bids exceeding Rs 18,145 crores, oversubscribing the base issue size of Rs 5,000 crores by approximately 3.6 times. A total of 120 bids were received from a diverse group of investors, including provident funds, pension funds, insurance companies, mutual funds, and corporates. The proceeds will be used to enhance long-term resources for funding infrastructure and affordable housing. The bonds, rated AAA with a stable outlook, have a tenor of 15 years, contributing to SBI's total outstanding Long-Term Bonds of Rs 59,718 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27ea1eaf-0258-4a44-b091-5a87bd701d0a.pdf |
State Bank of India (SBI), the country's largest lender, successfully raised Rs 10,000 crores at a coupon rate of 7.36% through its sixth infrastructure bond issuance. The issue received an overwhelming response, with bids exceeding Rs 18,145 crores, oversubscribing the base issue size of Rs 5,000 crores by approximately 3.6 times. A total of 120 bids were received, indicating wide participation from various investors, including provident funds, pension funds, insurance companies, mutual funds, and corporates. The proceeds will be used to enhance long-term resources for funding infrastructure and affordable housing. The bonds, rated AAA with a stable outlook, have a tenor of 15 years. This issuance contributes to the bank's total outstanding long-term bonds of Rs 59,718 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27ea1eaf-0258-4a44-b091-5a87bd701d0a.pdf |
Sula Vineyards Ltd reported its highest ever Q1 Net Revenue and Own Brands Revenue for FY25, despite challenges from dry days and a heatwave during the Lok Sabha elections. The company achieved a 9.7% increase in Net Revenue, reaching INR 129.6 crore, and a 2.7% rise in Own Brands Revenue to INR 104.4 crore. Wine Tourism revenue, however, saw a 2.5% decline, totaling INR 113 crore. |
Westside, a brand of Trent Ltd., a Tata Enterprise, has inaugurated its 229th store at Amolik City Centre, Faridabad, Haryana. The new store spans over 22,255 sq ft. |
Satin Creditcare Network Ltd secured €15 million debt funding from OeEB, the Development Bank of Austria, to empower rural women entrepreneurs. The funding will be used to expand business operations and enhance micro-credit access, focusing on Income Generating Loan and WASH Loan programs. Satin Creditcare reported a significant net profit of ₹436 crore for the year ended March 31, 2024, with a 43% growth in net interest income to ₹1,340 crore. The company aims to foster economic growth and elevate living standards in underserved communities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/135560b4-0444-4c52-b09f-33afb0459de1.pdf |
Persistent Systems Ltd. has been recognized for its excellence in governance and executive leadership in the prestigious "2024 Asia (ex-Japan) Executive Team" survey by Institutional Investor. The company achieved top three rankings across multiple categories, including: |
SG Finserve Ltd reported its financial results for Q1FY25, showcasing a Profit After Tax (PAT) of INR 19.39 crores, a 24% increase from Q1FY24. The company's Total Income for the quarter was INR 43.54 crores, up from INR 34.84 crores in Q1FY24. Net Interest Income (NII) stood at INR 31.28 crores, reflecting a 29% growth compared to the same period last year. Despite a decrease in Total Income and NII from Q4FY24, the company maintains a robust loan portfolio of INR 1,410 crores with NIL Gross NPA. SG Finserve Ltd continues to expand its outreach digitally, focusing on MSME supply chain financing and leveraging technology for financial inclusion. https://www.bseindia.com/xml-data/corpfiling/AttachLive/92ad777b-fd92-4206-a379-25b9f80939a0.pdf |
TVS Motor Company Ltd. has launched the 2024 TVS Apache RTR 160 Racing Edition. This motorcycle comes with exclusive design elements, class-leading performance, and advanced technology. |
RattanIndia Enterprises Ltd has announced a groundbreaking finance scheme through its subsidiary, Revolt Motors, aimed at making electric vehicle ownership more accessible. The "4 Chauke Offer" allows customers to purchase the RV400 electric motorcycle with zero down payment and a monthly installment of just Rs 4,444. This innovative scheme simplifies the transition to electric vehicles by eliminating traditional financial barriers and promoting sustainable transportation. Revolt Motors, a leader in India's electric bike market, continues to drive the adoption of clean mobility solutions with this industry-first initiative. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b79f63c4-c4d7-4aac-a028-39095ed07e62.pdf |
Greaves Cotton Ltd. announced a partnership between its subsidiary, Greaves Finance Limited, and ACKO to enhance EV (Electric Vehicle) ownership in India. This collaboration, under the evfin platform, aims to provide optimal insurance policies and financing options tailored to EV owners' needs. The initiative supports the growing EV market, which saw a 30% Y-o-Y growth in the Electric 2W segment in FY24. Greaves Finance Limited offers its services through leading EV 2-wheeler OEM dealerships across 31 cities in India, promoting sustainable mobility solutions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4712aabe-24ff-43d6-9eba-9dc1c7779610.pdf |
Infosys Ltd. will announce its first quarter results for the period ending June 30, 2024, on July 18, 2024, at 3:45 p.m. IST. A press conference featuring the leadership team will follow at 4:30 p.m. IST, streamed live on the company's Investor Relations website. An earnings call is scheduled for 6:00 p.m. IST, where senior management will discuss the company's performance and answer questions from investors and analysts. The events will be archived and transcripts will be available on the Infosys website. (INFOSYSLTD._7/10/2024_12, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/58886ce8-7802-47cb-b9cc-47e79855bd6b.pdf |
Meson Valves India Ltd has announced the acquisition of 7,033 shares of Milindpra Castings Private Limited through a Share Purchase Agreement dated July 10, 2024. This strategic acquisition, valued at Rs. 70,330, aligns with Meson Valves India's growth strategy to strengthen its position in the metal casting industry. |
International Conveyors Ltd. has announced the acquisition of equity shares in V.I.P. Industries Limited. The acquisition, completed on July 10, 2024, involved a cash consideration of ₹**5.29 crore** for 1,13,632 equity shares. |
Samvardhana Motherson International Ltd has received an upgraded credit rating from CRISIL to AAA/Stable for its long-term bank facilities and corporate credit rating. The short-term bank facilities rating of A1+ has been reaffirmed. This upgrade highlights SAMIL's diversified business model, improved scale of operations, and strong financial profile. The company has forged robust relationships with major global OEMs, evidenced by an automotive booked business of USD 83.9 billion as of March 31, 2024. SAMIL's prudent acquisition strategy, driven by customer requirements, further solidifies its strong credit profile. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d70b078c-ed04-4928-8ac1-e75cd767682c.pdf |
Godrej Agrovet Ltd has received reaffirmation and assignment of credit ratings from ICRA Limited as of July 10, 2024. The long-term rating of ICRA "AA" with a "Stable" outlook was reaffirmed for bank limits/facilities amounting to Rs. 23.25 Crore. Additionaly, the short-term rating of ICRA "A1+" was reaffirmed for bank limits/facilities totaling Rs. 620.20 Crore and the existing commercial paper program of Rs. 1,000 Crore. An additional commercial paper program of Rs. 200 Crore was also assigned the "ICRA A1+" rating. These ratings reflect the company's strong credit profile and stable financial outlook. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8ce5c46-3736-462e-adc4-7e4a2607e299.pdf |
Valiant Organics Ltd experienced a downgrade in its credit ratings by CRISIL Ratings Limited. The long-term rating was revised to CRISIL A-/Negative from CRISIL A/Negative, and the short-term rating was downgraded to CRISIL A2+ from CRISIL A1. This downgrade reflects a continued moderation in the company's business risk profile due to subdued demand, a fall in realization, and lower fixed cost absorption. Valiant Organics' revenue for fiscal 2024 decreased by approximately 26% year-on-year to around Rs 677 crore, with an operating loss of Rs 17 crore in the second half of FY24. However, the company maintains a satisfactory financial profile with a robust net worth of around Rs 665 crore as of March 31, 2024, and a comfortable capital structure with a gearing ratio of 0.32 times. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8e50245-7183-4bd8-8cc0-90c3e0a8357e.pdf |
Rane Holdings Ltd. has disclosed under Regulation 30 of SEBI LODR that ICRA Limited has maintained its credit ratings for the company's bank loan facilities of Rs. 100 Crores. The long-term facility rating remains at [ICRA] AA- with a stable outlook, and the short-term facility rating remains at [ICRA] A1+. This follows the Board's approval on July 1, 2024, for acquiring the remaining 51% equity stake in Rane NSK Steering Systems Private Limited from NSK Ltd., Japan. The rating letter from ICRA, dated July 10, 2024, confirms these ratings. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8958a3ab-ac22-43b3-8fb2-a01879ae709a.pdf |
Virtuoso Optoelectronics Ltd received a BBB credit rating from ICRA Limited for its banking facilities, with a stable outlook. The company's long-term fund facilities amount to Rs. 75.00 crores. ICRA upgraded the long-term rating to BBB for Rs. 110.00 crores and assigned a BBB rating for Rs. 40.00 crores bank facilities. The ratings are subject to surveillance before July 4, 2025, and may be revised based on new information. For the latest ratings, lenders and investors can visit ICRA's website at BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8b2ba7b9-c9b9-452e-a744-8aaa416516a2.pdf |
Pavna Industries Ltd provided a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 on July 10, 2024. The company confirmed that there has been no change in its credit rating by '**Crisil Ratings**', maintaining a rating of BBB-/Stable. The credit rating certificate can be accessed on the company's website. This information was shared by Charu Singh, the Company Secretary & Compliance Officer of Pavna Industries Limited (PavnaIndustriesLtd\_7/10/2024\_53, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c58950b-a77b-406f-af10-46e6429a13b0.pdf |
Ram Ratna Wires Ltd. has received credit ratings from CARE Ratings Limited for its bank facilities as of July 9, 2024. The ratings assigned include: |
Polyspin Exports Ltd has received a revised credit rating from CARE Ratings Limited as of July 10, 2024. The long-term bank facilities for Polyspin Exports Ltd have been reduced from ₹31.36 crore to ₹20.61 crore and reaffirmed at CARE BB+; Negative. The outlook was revised from Stable to Negative. The short-term bank facilities for Polyspin Exports Ltd have been enhanced from ₹62.00 crore to ₹68.00 crore and reaffirmed at CARE A4+. The total facilities for Polyspin Exports Ltd now amount to ₹88.61 crore. This update reflects the company's operational and financial performance for FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6a8353b1-bfa1-4f23-93f1-accb4196a231.pdf |
Mahanagar Telephone Nigam Ltd. (MTNL), a Government of India enterprise, has bonds amounting to Rs. 6500 Crores rated by Brickwork Ratings India Pvt. Ltd. The bonds have been reaffirmed at BWR AAA (CE)/Stable, backed by an unconditional, irrevocable, and legally enforceable guarantee from the Government of India. |
Hind Rectifiers Limited has received an upgraded credit rating from CRISIL as of July 9, 2024. The long-term rating has been improved to CRISIL BBB/Stable from CRISIL BBB-/Stable, and the short-term rating has been upgraded to CRISIL A3+ from CRISIL A3. This upgrade reflects a sustained improvement in the company's business risk profile, driven by an increasing scale of operations. The total bank loan facilities rated amount to Rs. 150.05 crore. (**HINDRECTIFIERSLTD.** 7/10/2024 86, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/4f5e589a-562d-4239-93b2-ba4cbe65c05f.pdf |
GRP LTD. has created a mortgage as security for a term loan of Rs. 12.50 crores from Kotak Mahindra Bank Ltd. for its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL). The property mortgaged is located at Plot No.C-10-1, MIDC Industrial Area, Akkalkot Road, Solapur, Maharashtra. Additionally, GRP LTD. has provided a corporate guarantee for the same loan amount. |
Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with IMS Consultancy Private Limited (IMS) to provide technical and advisory services for various infrastructure projects. These projects span across sectors such as: |
UltraTech Cement Ltd. has announced that its wholly-owned subsidiary, UltraTech Cement Middle East Investments Limited (UCMEIL), has acquired 125,039,250 shares, representing 25% of the share capital of Ras Al Khaimah Co. for White Cement and Construction Materials PSC (RAKWCT). this acquisition, completed during the offer period from May 28, 2024, to July 24, 2024, increases UCMEIL's total shareholding in RAKWCT to 54.39%, making RAKWCT a subsidiary of UCMEIL effective July 10, 2024. Baker McKenzie served as the legal adviser, and Abu Dhabi Commercial Bank PJSC acted as the sole manager for the transaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8754b16a-bd17-402b-9c95-e559d76169c0.pdf |
10. Resignation of OfficialsShukra Pharmaceuticals Ltd announced significant changes in its leadership on July 10, 2024. The Board of Directors accepted the resignation of Mr. Mehul Patel from his position as Chief Financial Officer, effective immediately. Concurrently, Ms. Anar Jayesh Patel was appointed as the new Chief Financial Officer and an Additional Director, designated as Executive Director for a three-year term until July 9, 2027. Additionally, Mr. Jitendra Somchand Shah was appointed as a Non-Executive Independent Director for a five-year term, effective from July 10, 2024, to July 9, 2029. (ShukraPharmaceuticalsLtd\_7/10/2024\_8, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/44e48758-36bf-4b30-9819-4081c7bcf985.pdf |
Add-Shop E-Retail Ltd announced significant changes in its executive team on July 10, 2024. The Board of Directors accepted the resignation of Mr. Pradipkumar Harjibhai Lathiya from his position as Chief Financial Officer (CFO), effective immediately, due to his pre-occupation elsewhere. Concurrently, Mr. Rajen P Vyas was appointed as the new CFO, bringing 19 years of experience in taxation, compliance, accounting, and auditing. The meeting, held at the company's registered office, commenced at 11:00 A.M. and concluded at 11:45 A.M. https://www.bseindia.com/xml-data/corpfiling/AttachLive/15486780-4b93-4f55-b5d0-169f4f849bcd.pdf |
Add-Shop E-Retail Ltd announced significant changes in its executive team on 10th July 2024. The Board of Directors accepted the resignation of Mr. Pradipkumar Harjibhai Lathiya from his position as Chief Financial Officer (CFO) due to pre-occupation elsewhere. Subsequently, Mr. Rajen P Vyas was appointed as the new CFO, effective the same day. Mr. Vyas brings 19 years of experience in taxation, compliance, accounting, and auditing to the role. The company confirmed that there were no other material reasons for Mr. Lathiya's resignation beyond those stated in his resignation letter. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2406a537-6afa-47e0-a47d-83c1d83c6bd9.pdf |
TASHI INDIA LIMITED has announced the resignation of Arti Batra (ACS 57085) from her roles as Company Secretary, Compliance Officer, and Chief Financial Officer, effective from the close of business hours on July 10, 2024. The resignation is due to personal reasons and has been accepted by the company. Detailed information regarding the resignation is provided in 'Annexure A' and the resignation letter is included in 'Annexure B'. The company has committed to ensuring a smooth transition following her departure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/89745a21-7b27-4f7b-b321-bca048ee875f.pdf |
Sellwin Traders Ltd announced the resignation of Mr. Vedant Rakesh Panchal as Managing Director due to his increasing involvement in other business ventures, impacting his ability to manage Sellwin effectively. The resignation was approved on 10th July, 2024. The company cited the challenge of dedicating the required time and focus to Sellwin's operations as the reason for his resignation. The Board of Directors acknowledged his resignation and requested it to be recorded. The resignation letter attached mentioned his directorships in Atlantis Tobacco Private Limited and Skypex Agro Private Limited(To, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/b5c1e93a-0d27-4418-a8fe-90f8f8b3ae93.pdf |
Harig Crankshafts Limited has scheduled a Board of Directors meeting on July 15, 2024, to consider significant corporate actions. Key agenda items include the extinction of all equity shares held by former promoters as of July 3, 2024, without any payout, and the reduction/cancellation of 95% of equity shares held by public shareholders on the same date. A re-issue of 5,25,000 equity shares of INR 10/- each will be made to eligible public shareholders. The company plans to issue and allot 1,05,00,000 equity shares amounting to INR 10,50,00,000/-, with 99,75,000 shares allocated to Palika Towns LLP on a preferential basis and 5,25,000 shares to public shareholders. The record date for these actions has been updated to July 12, 2024. (Source: Harig Crankshafts Limited._7/10/2024_38, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/60f1ba66-3f46-48f2-a628-131ed0589242.pdf |
Neueon Towers Limited, the subject matter revolves around the Corporate Insolvency Resolution Process (CIRP) and the approval of a Resolution Plan by the Committee of Creditors (COC). |
11. Rights IssueGACM Technologies Ltd has announced a rights issue of fully paid-up Equity Shares and Equity DVR shares (EQ-DVR) for an amount not exceeding Rs. 40.00 Crores. The record date to determine eligible shareholders is Tuesday, July 16, 2024. The rights issue will open on July 31, 2024, and close on August 14, 2024. Shareholders will be entitled to one equity share for every fully paid equity share held, and one EQ-DVR share for every fully paid EQ-DVR share held. The issue price is set at Re. 1.00 per Rights Equity Share and DVR Share. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51aaca4f-1f28-4bde-9581-44edca4b1a94.pdf |
GACM Technologies Ltd has announced a rights issue of fully paid-up Equity Shares and Equity DVR shares (EQ-DVR) for an amount not exceeding Rs. 40.00 Crores. The record date to determine eligible shareholders for the rights issue is Tuesday, July 16, 2024. The rights issue will open on July 31, 2024, and close on August 14, 2024, with the last date for market renunciations being August 08, 2024. The issue price is set at Re. 1.00 per Rights Equity Share and DVR Share, with a ratio of 1 Equity Share for every 1 fully paid Equity Share held and 1 EQ-DVR share for every 1 fully paid EQ-DVR share held. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51aaca4f-1f28-4bde-9581-44edca4b1a94.pdf |
GACM Technologies Ltd has announced the outcome of its Right Issue Committee meeting held on July 10, 2024. The committee has fixed the record date for determining eligible shareholders for the Rights Equity Shares as Tuesday, July 16, 2024. The Right Issue will open on July 31, 2024, and close on August 14, 2024. The issue involves fully paid-up Equity Shares and DVR shares, with a total issue size of Rs. 40.00 Crores. Shareholders will be entitled to one Equity Share for every fully paid share held as of the record date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b22c1df3-2f68-4ed1-9ba6-fc43114f88ba.pdf |
GACM Technologies Ltd has announced the outcome of its Right Issue Committee meeting held on July 10, 2024. The committee has fixed the record date for determining eligible shareholders for the Rights Equity Shares as Tuesday, July 16, 2024. The Right Issue will open on July 31, 2024, and close on August 14, 2024. The issue involves fully paid-up Equity Shares and DVR shares, with a total issue size of Rs. 40.00 Crores. Shareholders will be entitled to 1 Equity Share for every 1 fully paid share held, and 1 EQ-DVR share for every 1 fully paid EQ-DVR share held as of the record date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b22c1df3-2f68-4ed1-9ba6-fc43114f88ba.pdf |
INDOWIND ENERGY LIMITED has announced the record date for its proposed Rights Issue. According to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 68 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the company has set Tuesday, July 16, 2024, as the record date. This date is crucial for determining the shareholders eligible to apply for the Equity Shares in the Rights Issue. The announcement was made on July 10, 2024, and shareholders are advised to take note of this important information. https://www.bseindia.com/xml-data/corpfiling/AttachLive/88807497-fb72-456a-989f-6835a82bf28b.pdf |
AJWA FUN WORLD & RESORT LTD. has announced a significant material event under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has approved the proposed sale of land measuring 25,279 sq meters (CTS number NA 62) and 69,973 sq meters (CTS number NA 63(P)) located in Village Rayantalwadi, Taluka Waghodia, District Baroda, Gujarat, India. |
Algoquant Fintech Ltd is a company with a focus on financial technology. The given documents contain various fragmented pieces of information. Specific details like €10T PV and €20T JO0 0L suggest financial figures or codes. Terms like "Auedwo)" and "suorsiaold" appear frequently and could indicate specific financial instruments or operations. The document also mentions dates like "7/10/2024" and numbers like "9661", which could be relevant to financial reporting or stock performance. However, the content is heavily encoded and fragmented, making it challenging to extract precise financial data or operational details without further context. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aefcd326-a45b-4ef1-8384-b481796f3e02.pdf |
Integrated Capital Services Ltd reported a significant improvement in its financial performance for FY 2023-24. The company's total income increased to Rs. 39.90 Lakhs from Rs. 33.79 Lakhs in the previous year, and it achieved a profit before tax of Rs. 8.50 Lakhs compared to a loss of Rs. 2.08 Lakhs last year. The total comprehensive income after tax was a profit of Rs. 101.45 Lakhs, a substantial turnaround from a loss of Rs. 2.57 Lakhs in the previous year. On a consolidated basis, the total income was Rs. 61.11 Lakhs, with a profit after tax of Rs. 45.53 Lakhs. The company continues to focus on pre-insolvency consulting and advisory services and plans to apply for approval to operate as an Insolvency Professional Entity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3b086a0a-c88b-4a22-8dbf-06c9a3f3e23a.pdf |
PVP Ventures Ltd. has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the outcome of a circular resolution. on July 10, 2024, the Board of Directors approved the voluntary strike-off of its wholly-owned subsidiary, Safetrunk Services Private Limited. The circular resolution was issued on July 9, 2024, at 11:45 A.M. IST, and the majority of the Board approved it by 10:45 A.M. IST on July 10, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d04e68b8-871b-4dc7-96f3-f42c5f016a8c.pdf |
Jaiprakash Power Ventures Limited has announced the withdrawal of Shri Sonam Bodh (DIN: 06731687) as the Nominee Director of IDBI Bank Limited from its Board of Directors, effective from July 9, 2024. This decision was communicated through IDBI Bank's letter No. LCG-SSCB.53/03/Nom.8/2024-25. The change is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the stock exchanges to take this information on record. https://www.bseindia.com/xml-data/corpfiling/AttachLive/df598559-78d5-41fe-8d4c-f8e436685d35.pdf |
SETCO AUTOMOTIVE LTD. announced on July 10, 2024, the withdrawal of the Corporate Insolvency & Resolution Process for its subsidiary, Lava Cast Private Limited, as per the order passed by the National Company Law Tribunal (NCLT), Ahmedabad Branch. The hearing was held on July 9, 2024, and the order was subsequently uploaded on the NCLT website. The application for withdrawal was permitted following a settlement between the parties involved, leading to the disposal of CP(IB) 148 of 2023. (SETCOAUTOMOTIVELTD._7/10/2024_69, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/0397612d-5a29-4003-b2f1-78685c3ae750.pdf |
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