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Table of Contents
1.New Work Order
Genesys International Corporation Ltd. has announced the sanction of a Scheme of Amalgamation by the Hon’ble National Company Law Tribunal, Mumbai, on July 08, 2024. This scheme involves the amalgamation of Virtual World Spatial Technologies Private Limited (the Transferor company) into Genesys International Corporation Limited (the Transferee company), with an appointed date of April 01, 2023. As the amalgamation is between a holding company and its wholly-owned subsidiary, no equity shares will be issued to the shareholders of the Transferor Company by the Transferee Company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/101f9a02-0961-486a-ab50-d0067f452268.pdf |
Ahasolar Technologies Ltd has received a significant work order from HPCL Renewable and Green Energy Limited. The contract involves consultancy for Nachana, HRRL Pachpadra, and Vizag Refinery focusing on DFR Floating Solar, tender preparation and evaluation, PMC services, and site supervision. The total value of the contract is approximately ₹ 40 lacs and is to be executed within a period of sixteen months. This order is a domestic contract, and there is no interest from the promoter group in the awarding entity, nor does it fall under related party transactions. |
Bondada Engineering Ltd has announced that its subsidiary, Bondada Managed Services Private Limited, has received significant work orders from Reliance Projects & Property Management Services Limited. The contracts, which include TG_Main SP O&M Contract_Facility, Fiber & FTTx, and Tower, have a yearly value of Rs. 1,05,60,98,466 (including GST) and span a period from July 1, 2024, to June 30, 2027. The total value of these orders amounts to Rs. 316,82,95,398. These orders are domestic and do not involve related party transactions or promoter group interests. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b14bd7d-7d68-40a6-a822-349c48f7a6e9.pdf |
Rail Vikas Nigam Ltd has received a Letter of Acceptance from Central Railway for the OHE modification work aimed at upgrading the existing 1 x 25 kV Electric Traction System to a 2 x 25 kV AT Feeding System in the Amla-Nagpur Section of the Nagpur division. This upgrade is essential to meet the 3000 MT loading target. |
H.G. Infra Engineering Ltd recently received a Letter of Acceptance from Rail Land Development Authority (RLDA) for a contract involving the grant of lease for commercial development on railway land at Abu Road Bungalow no. 102 for 60 years. The contract is valued at 14.65 Crore INR and falls under the category of Design Build Finance Operate Transfer (**DBFOT**). The order was awarded by a domestic entity, RLDA, and does not involve any related party transactions. This information was disclosed in compliance with SEBI regulations. (**H.G. Infra Engineering Ltd_7/11/2024_88**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/72529009-da63-4e04-a753-9aaa8678a700.pdf |
Sharda Motor Industries Ltd has received an assessment order for the assessment year 2022-23 from the Income Tax Department, Office of the Assistant Commissioner of Income Tax, Central Circle 16, Delhi. The order, dated July 10, 2024, under section 143(3) of the Income Tax Act, involves an alleged income tax demand of INR 4,30,14,026. The company plans to contest this order before the appellate authority and is optimistic about a favorable outcome. Importantly, this assessment order does not have any material financial impact on the company’s operations or other activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f205aafe-7701-4e74-9f27-14469fe747dd.pdf |
Oriental Rail Infrastructure Ltd has announced that its wholly-owned subsidiary, Oriental Foundry Private Limited, has secured a significant order from the Railway Board, Indian Railways. The contract, valued at Rs 4,32,15,97,524 (Four Thirty Two Crores Fifteen Lakhs Ninety Seven Thousand Five Hundred and Twenty Four Only), involves the manufacture and supply of 1,200 BVCM-C Wagons. The terms specify that 90% of the total cost will be received upon the issuance of an Inspection Certificate by the RDSO and proof of dispatch/delivery, with the remaining 10% payable after receipt, inspection, and acceptance of the goods. The contract is to be executed by March 31, 2026 (Oriental Rail Infrastructure Ltd_7/11/2024_15, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd2046a3-230f-4cbb-9794-902c0aab396e.pdf |
Veerhealth Care Limited has announced the receipt of a significant export order worth US$ 106,673 (approximately ₹89 Lakhs) from an existing top institutional supplier in the USA. The order pertains to the manufacture and supply of oral care products and is to be executed within three months. |
Azad Engineering Ltd has announced a significant development under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has secured a prestigious 5-year contract from Siemens Energy Global GmbH & Co. KG, Germany to manufacture and supply critical rotating components for advanced gas and thermal turbine engines. This international order highlights Azad Engineering's capabilities in meeting global demands for high-precision engineering components. The agreement does not involve any shareholding or related party transactions, ensuring a clear and straightforward business relationship. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b0f1b46-d96b-4cc9-802f-b0b1080beb91.pdf |
Rashtriya Chemicals & Fertilizers Ltd. has announced the approval of a significant procurement contract with M/s. Topsoe A/s for the revamp of its Ammonia Plant at RCF Thai. The contract, valued at Rs. 5,14,55,58,959.03 (including taxes and duties), involves the procurement of a Basic Engineering Design Package (BEDP) and the supply of proprietary equipment and catalyst aimed at reducing specific energy consumption. The project is expected to be completed within 36 months. This strategic move is part of the company's ongoing efforts to enhance operational efficiency and sustainability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0416eb63-5391-412b-9237-ed65f213219f.pdf |
Taneja Aerospace and Aviation Limited (TAAL) has secured a significant order worth Rs. 5,80,00,000 (Rupees Five Crores Eighty Lakhs Only) from a Hyderabad-based company for the modification and installation of instrumentation on helicopters. The project is set to be completed by December 2025. |
Goldiam International Ltd. has announced the receipt of additional new export orders worth Rs. 60 crores for the manufacturing of lab-grown diamond-studded gold jewelry. This brings the company's total booked orders for diamond-studded gold jewelry to Rs. 150 crores. The orders are from international clients and are to be executed by October 30, 2024. The company has confirmed that there is no interest from the promoter group in the entities awarding the contracts, and these orders do not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5bd5b166-0a4a-42fc-94e9-73e1f4ca0728.pdf |
Ahluwalia Contracts (India) Ltd. has recently secured a significant project worth Rs. 893.48 Crores (excluding GST) from the Airports Authority of India. The project involves the construction of a new terminal building and allied works at the Lal Bahadur International Airport, Varanasi on an Engineering Procurement and Construction (EPC) model. The contract is domestic and is expected to be executed within 36 months. There is no interest from the promoter group in the Airports Authority of India, and it does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/91b9418b-22a5-4cd6-b24a-70b66b21b051.pdf |
HPL Electric & Power Ltd received Work Orders/Letter of Awards worth INR 2100.71 Crores for supplying smart meters from leading Customers. The orders are inclusive of tax and are to be executed as per the terms & conditions specified. This significant contract is a notable development for the company, showcasing its strong business relationships and potential for growth in the smart metering sector. (Mumbai -400 001, Mumbai -400 001, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/f4f2cdec-2fd3-40d0-811a-2d30cd550211.pdf |
NBCC (India) Ltd has recently secured a work order valued at approximately Rs. 36.15 crore. The project involves the installation of Solar/Electric Water Heating Systems in 331 Jawahar Navodaya Vidyalayas. This contract was awarded by the Navodaya Vidyalaya Samiti and is part of the company's regular business operations. Further details can be accessed on the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a552731e-b14f-4369-9dc1-1cd2fadda631.pdf |
2. Board MeetingAdvait Infratech Ltd has announced the issuance of up to 1,43,590 Equity Warrants. Each warrant is Rs. 1776/- and is convertible into one equity share of Rs. 10/- fully paid up at a premium of Rs. 1766/-. This issuance is subject to shareholder approval at the General Meeting scheduled for 5th August 2024. The company has fixed 5th July 2024 as the cut-off date for determining the eligibility of members to receive the notice of the upcoming Extra-Ordinary General Meeting. The total consideration for this preferential issue is approximately Rs. 25,50,15,840/-. The tenure of the warrants is set at 18 months from the date of allotment. If not exercised within this period, the warrants will lapse, and the amount paid will be forfeited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4b79867-23a4-4efa-9639-406bb821f9a7.pdf |
Sharanam Infraproject and Trading Ltd has scheduled a Board Meeting on Tuesday, 16th July, 2024, at 4:00 P.M. at their registered office in Ahmedabad, Gujarat. The primary agenda includes the proposal of raising funds through the issuance of Equity shares and/or warrants on a preferential basis. additionally, any other business matters will be discussed with the Chairperson's permission. This meeting is in accordance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4bcb8514-baeb-48b2-8ba7-320b5ec24c44.pdf |
Allcargo Terminals Ltd reported a significant increase in its CFS volumes for June 2024, reaching 55.9 '000 TEUs. This represents a 20% rise compared to June 2023 and a 6% increase over May 2024. This growth is attributed to higher port volumes and the company's robust presence and strong client relationships. The data, reviewed by the management, highlights the company's operational efficiency and market position. The detailed monthly operational update is available on the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f48a4e99-b7e7-4da2-84e9-442cd872c9eb.pdf |
NCL Industries Ltd. reported its production and dispatch details for the quarter ended June 30, 2024. Cement production was 669,016 MT, a decrease of 11% from the previous year, while cement dispatches were 657,750 MT, also down by 11%. Cement boards production increased by 9% to 21,048 MT, and dispaches rose by 4% to 18,832 MT. RMC (Ready Mix Concrete) production and sales saw a 13% growth, reaching 80,035 CuM (cubic meters). Doors production and sales surged by 60% to 6,537 units. No data was provided for energy (**hydro power**). https://www.bseindia.com/xml-data/corpfiling/AttachLive/f806d4f2-cb4a-4004-8f6d-03358a6661f9.pdf |
Real Eco-Energy Ltd announced a significant alteration to its capital structure on July 11, 2024. The Board of Directors approved a stock split, dividing each equity share with a face value of Rs. 10 into 5 equity shares with a face value of Rs. 2 each. This change was made by altering the Capital Clause (Clause V) of the Memorandum of Association. The authorized share capital of the company now stands at Rs. 25,00,00,000 divided into 12,50,00,000 equity shares of Rs. 2 each. (**Real Eco-Energy Ltd_7/11/2024_30**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/eda512a6-5c47-4577-a7fd-18e81451cf4f.pdf |
Dikshit Transworld Ltd held a Board Meeting on 11th July 2024, where key decisions were made. The Board approved the alteration of the Memorandum of Association to change the authorized capital from 2,50,00,000 shares with a face value of Rs. 10 each to 12,50,0,000 shares with a face value of Rs. 2 each. Additionally, the paid-up equity share capital was subdivided from 1,75,42,875 shares with a face value of Rs. 10 each to 8,77,14,375 shares with a face value of Rs. 2 each. The Board also approved the disinvestment of shareholding in the subsidiary M/s Adfarm Limited. The meeting commenced at 03:30 p.m. and concluded at 04:15 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bac3e067-e4d2-482e-9108-084fbcc8f14c.pdf |
KAVVERI TELECOM PRODUCTS LTD.-$-$ is planning to change its name to KAVVERI DEFENCE & WIRELESS TECHNOLOGIES LIMITED in a board meeting scheduled for July 18, 2024. The company will also appoint a Secretarial Auditor for the financial year 2023-2024. The Managing Director, Chennareddy Shivakumarreddy, has signed the notice for the meeting(**KAVVERI TELECOM PRODUCTS LTD.**-$_7/11/2024_96**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e34ecc9-9de4-4d25-aad2-730ae3eae4ed.pdf |
3. Investor PresentationAnand Rathi Wealth Ltd reported robust financial performance for Q1 FY25, with total revenue reaching INR 245.4 Cr, a 38% year-over-year increase. The company's Profit After Tax (PAT) stood at INR 73.4 Cr, reflecting a 38% growth compared to the previous year. The Assets Under Management (AUM) surged to INR 69,018 Cr, marking a 59% year-over-year increase. The firm continues to expand its client base, with 10,382 active client families and 360 relationship managers as of June 2024. The company's strategic focus on high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) has contributed to its sustained growth and profitability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8849d2fb-2248-4846-8dbe-bd154bc6dae8.pdf |
GTPL Hathway Ltd reported a 9% YoY increase in total revenue and a 4% QoQ increase for Q1 FY25, with subscription revenue up by 7% YoY and ISP revenue up by 4% YoY. BSE Limited Phiroze Jeejeebhoy Towers, BSE Limited Phiroze Jeejeebhoy Towers & Dalal Street, Mumbai 400 001 Dalal Street 400 001 Mumbai announced an EBITDA of ₹1,205 Mn with a margin of 14.2%. |
JTL Industries Ltd has demonstrated robust financial performance for Q1 FY25, with revenue reaching Rs. 5,153.8 Mn, a 2.1% increase from Q1 FY24. The company's EBITDA grew by 20.8% to Rs. 438.6 Mn, reflecting efficient cost management and operational excellence. PAT increased by 21.0% to Rs. 307.0 Mn. Sales volume saw a 10.8% year-over-year growth, reaching 85,674 MT. Value-added products contributed 25% to the total sales mix. JTL Industries is focused on expanding its manufacturing capacity to 1 Million MTPA by the end of H1 FY25, driven by strategic market expansion and the introduction of over 300 value-added SKUs. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd0b778f-4ace-48f7-964e-d777355390ee.pdf |
Century Enka Ltd. is a leading producer of Nylon Filament Yarn (NFY) and Nylon Tyre Cord Fabric (NTCF) in India, with manufacturing facilities in Pune and Bharuch, boasting a capacity of ~**92,000 MTPA.** The company reported operational revenue of INR 17,442 million in FY24, a decline from INR 20,721 million in FY23, with EBITDA margins dropping to 4.75%. |
4. Preferential IssuesFOODS & INNS LTD. is undergoing an open offer for acquiring up to 1,90,79,617 equity shares at ₹147 per share. The company is engaged in manufacturing processed tropical fruit & vegetable products. Its net worth as of March 31, 2024, is INR 6,020.09 million. The target company's authorized share capital is ₹19,00,00,000 divided into equity shares of ₹1 each. The capital structure includes 7,29,93,922 fully paid-up equity shares. |
Capfin India Ltd is undergoing an acquisition process where up to 15,75,585 equity shares of face value INR 10/- each, representing 55% of the total outstanding, issued, and fully paid-up equity share capital, are being acquired at a price of INR 13.32/- per share, plus applicable interest of INR 0.9/-, totaling INR 14.22/- per share. The acquisition is led by Mr. Abhishek Narbaria and Mr. Umesh Kumar Sahay. The offer period is from July 19, 2024, to August 01, 2024. The total funding requirement for the offer is INR 2,24,04,819. The acquisition aims to gain control over Capfin India Ltd, with the acquirers planning to position the company for future growth and value creation for stakeholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/DD11F82C-E5C9-451D-B741-77E13A111407-191554.pdf |
Bhartiya International Ltd. has informed that it has dispatched reminder letters to shareholders who have not claimed their dividends for seven consecutive years. These shareholders are urged to claim their dividends and related shares, or they will be transferred to the Investor Education and Protection Fund (IEPF) as per Section 124(6) of the Companies Act, 2013. Additionally, the company has communicated with shareholders to clarify the "Choice of nomination" and reminded them to update their PAN, KYC, and bank details in compliance with SEBI circulars. https://www.bseindia.com/xml-data/corpfiling/AttachLive/54ab83f5-95d8-4182-8994-1b1ae9f5d487.pdf |
AGI Infra Ltd has received approval for the listing of its equity shares on the Main Board of the National Stock Exchange of India Limited (NSE). The equity shares of AGI Infra Ltd will be listed and admitted to dealings on the NSE starting from July 15, 2024. This approval is pursuant to Regulations 30 read with Schedule II of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been assigned the symbol "AGIIL" for trading purposes. |
Kalpataru Projects International Ltd (KPIL) recently secured new orders worth ₹**2,995 Crores**, including orders in Transmission & Distribution (T&D) business in overseas markets, an EPC Order in the Water business in JV, and B&F orders in India. |
Swadeshi Industries and Leasing Ltd. held a meeting of the Committee of Independent Directors on July 11, 2024, to discuss an open offer by Mrs. Jayshree Radheshyam Sharma. The offer aims to acquire up to 28,12,667 equity shares at Rs. 2/- per share, representing 26.00% of the company's fully paid-up and voting share capital. |
Intra Switchgear Ltd. held a meeting of its Committee of Independent Directors on July 11, 2024, to discuss an open offer by Northvalg Capital Partners Private Limited. The offer involves acquiring up to 749,216 equity shares at Rs. 12 per share, representing 26.00% of the company's fully paid-up and voting share capital. The committee reviewed the offer, which was initially announced on February 12, 2024, and concluded that it is fair and reasonable. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b5b9322-ff4f-4020-bb54-a27c2d393034.pdf |
Madhuveer Com 18 Network Ltd has received trading approval for 1,50,00,000 equity shares of Rs. 10/- each, following the conversion of 1,50,0,000 warrants. These shares were issued and allotted at par on a preferential basis to both Promoter and Non-Promoter entities. The approval was granted by BSE Limited, effective from July 11, 2024. The distinctive numbers for these shares range from 11502901 to 26502900. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fcbacd18-6a0d-4617-95b8-b864e18b1e90.pdf |
Rudra Ecovation Ltd has announced the outcome of its Board of Directors meeting held on July 11, 2024. The Board approved the allotment of 2,07,65,000 warrants on a preferential basis at an issue price of ₹**48** per warrant, aggregating to ₹**99,67,20,000**. Each warrant is convertible into one fully paid-up equity share of face value ₹**1**, upon payment of the remaining ₹**36** per warrant. The allotment includes both promoter and non-promoter groups. Significant allocations were made to entities like Shiva Spinfab Private Limited (57,50,000 warrants) and Dinesh Pareekh (41,00,000 warrants). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4594c1f8-c2fa-4ce2-ba7f-678895bf6952.pdf |
Rudra Ecovation Ltd has announced the outcome of its Board of Directors meeting held on July 11, 2024. The Board approved the allotment of 2,07,65,000 warrants on a preferential basis at an issue price of ₹**48 each**, aggregating to ₹**99,67,20,000. Each warrant is convertible into one fully paid-up equity share of ₹1 upon payment of the remaining ₹**36 per warrant**. The initial subscription price was ₹**12 per warrant**, totaling ₹**24,91,80,000**. The allotment includes both promoter and non-promoter groups, with notable allottees such as Simmi Malhotra, Shiva Spinfab Private Limited, and Dinesh Pareekh. https://www.bseindia.com/xml-data/corpfiling/AttachLive/75c6a447-f976-4b11-94b7-2ed03f7425bb.pdf |
Vintage Coffee And Beverages Ltd has received listing approval from BSE Limited for the issue of 78,00,000 equity shares, each valued at Rs. 10 with a premium of Rs. 45. The distinctive numbers for these shares range from 11,50,83,410 to 12,28,83,409. The approval was granted on July 10, 2024, under Ref. No.: LOD/PREF/AM/FIP/561/2024-25. |
Balu Forge Industries Ltd has scheduled a Board of Directors meeting on Tuesday, 16th July 2024 to discuss and approve a proposal for fund raising through a preferential issue or private placement of securities for cash, including the determination of the issue price. The proposal is subject to necessary regulatory and shareholder approvals. Additionally, the meeting will address other incidental and ancillary matters as decided by the Board with the Chairperson's permission. |
Royal India Corporation Limited has announced a Board of Directors meeting scheduled for Tuesday, 16th July 2024. The agenda includes considering and approving a proposal to raise funds through the issuance of various financial instruments such as: |
5. Press ReleasesHindustan Zinc Ltd. has commenced the first phase of renewable energy integration from Serentica Renewables' 180 MW solar project in Bikaner, Rajasthan. This initiative is part of a Power Delivery Agreement (PDA) to source 450 MW of renewable energy, aiming to mitigate 2.7 million metric tons of carbon emissions annually. The project supports Hindustan Zinc's goal of achieving net-zero emissions by 2050, with a significant milestone of reducing CO2 emissions by approximately 0.45 million tons annually. The company has also deployed battery electric vehicles (BEVs) and LNG vehicles to further reduce its carbon footprint. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2aea0e8a-ec3c-48a8-b5b0-b4a1553de1b8.pdf |
Tata Elxsi Ltd. and Emerson have inaugurated the Mobility Innovation Centre in Bengaluru on July 11, 2024. This state-of-the-art facility aims to accelerate automotive innovation by integrating advanced systems, software solutions, and global automotive expertise. The centre will enable Original Equipment Manufacturers (OEMs) to validate performance and functionality through a combination of virtual and physical testing, aligning with industry trends towards software-defined vehicles (SDVs) and digital technologies. The collaboration leverages Tata Elxsi's deep automotive engineering and digitalization expertise with Emerson's advanced technologies, focusing on autonomous driving, Electric Vehicle (EV) systems, and batteries. This initiative positions India as a global hub for next-generation automotive development. https://www.bseindia.com/xml-data/corpfiling/AttachLive/31a4b846-6e26-43ee-b8ca-4a9d57457aa4.pdf |
Sharika Enterprises Ltd has announced a significant development with the signing of a tripartite Memorandum of Understanding (MOU) between its wholly-owned subsidiary, Sharika Smartec Private Limited, JSW Group, and MS Ramaiah Institute of Technology (MSRIT). This collaboration aims to establish the JSW Center of Excellence (JSW-COE) at the MSRIT campus in Bengaluru. |
GTPL Hathway Ltd reported robust Q1 FY25 financial results, showcasing a 9% Y-o-Y growth in total revenue, reaching ₹**8,506 million**. Subscription revenue increased by 7% Y-o-Y to ₹**3,193 million**, while broadband revenue stood at ₹**1,348 million**. |
Prakash Industries Limited announced on 11th July 2024 that it has received the Final Stage-II approval from the Ministry of Environment, Forest and Climate Change for the Bhaskarpara Commercial Coal Mine in Chhattisgarh. This follows the Stage-I approval granted on 21st August 2023. The company has already secured the Permission to Establish from the Chhattisgarh Environment Conservation Board, and the Mining Lease is expected to be executed by next month. The coal supplies from this mine will enhance the stability of Prakash Industries' Integrated Steel operations and significantly reduce costs. Additionally, as a commercial mine, it will boost revenue and profitability through coal sales in the open market. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f34af989-297d-4685-855e-a74cfae047af.pdf |
Fusion Micro Finance Ltd has officially changed its name to Fusion Finance Limited effective from July 9, 2024. Founded in 2010, the company is a leading NBFC-MFI in India with an Asset under Management (AUM) of INR 11,476 crores as of March 31, 2024. The company has a significant presence in 453 districts across 22 states and three Union Territories, operating through 1,297 branches. |
LTIMindtree Ltd has announced a significant collaboration with Snowflake to enhance AI adoption for enterprises. The integration of Canvas.ai with Snowflake's AI Data Cloud aims to provide robust security, scalability, and intuitive user interfaces, enabling swift transformation of production-ready applications. This partnership leverages Snowflake's Cortex AI and industry-leading LLMs like Mixtral, LLaMA 3, and Gemma, offering features such as rate limiting, token budgeting, and reporting. The collaboration is designed to simplify AI deployment, ensuring robust governance and security, and empowering customers to select the right AI models for their business use cases. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7a1fb03-f201-4b2d-87f8-183b9e5f6935.pdf |
LTIMindtree has launched Canvas.ai, an advanced AI platform, on the Snowflake AI Data Cloud. This integration enhances AI capabilities, offering flexibility and accelerated development for enterprises. |
Anand Rathi Wealth Ltd reported a consolidated net profit of ₹**73 Crores** for Q1 FY25, marking a 38% increase compared to Q1 FY24. The total revenue for the same period was ₹**245 Crores**, also up by 38% year-over-year. The company's Assets Under Management (AUM) grew by 59% YoY to ₹**69,018 Crores**. Notably, mutual fund revenue surged by 70% YoY to ₹**89 Crores**, with net inflows growing by 173% YoY to ₹**3,364 Crores**. The number of active client families increased by 19% YoY to 10,382, and the number of Relationship Managers (RMs) rose by 17% to 360 over the last 12 months. https://www.bseindia.com/xml-data/corpfiling/AttachLive/73a9d56e-f1bf-4688-9323-8bd6299c51fb.pdf |
Adani Wilmar Ltd has announced a collaboration with the Akshaya Patra Foundation to support its Mid-Day Meals Program. This initiative will provide mid-day meals to underprivileged school children in Ahmedabad for one year and includes the donation of delivery vans to ensure efficient distribution. |
WIPRO LTD. will announce its first-quarter results for the period ending June 30, 2024, on July 19, 2024, after the stock market trading hours in India. The results will be accessible in the Investors section of the company's website. A conference call to discuss the performance will be held at 7:00 PM IST (9:30 AM US Eastern time) on the same day, with questions to be submitted by 6:30 PM IST. The call will be available via webcast, and a replay will be accessible two hours post-call. |
Ratnaveer Precision Engineering Ltd reported a positive start to FY 2024-2025. The company saw a sequential uptick in the SS washer and Tube and Pipes division, while value-added products like clips faced competitive challenges. International business, particularly in European markets, showed moderate growth. The company is actively expanding its presence in key international markets and developing new revenue streams, notably from the defense sector. Capital expenditure for phase 1 is 60% complete, with COD expected on September 1, 2024, and phase 2 set to begin in October 2024. Additionally, substantial orders from their Dubai subsidiary are expected to boost the next quarter's outlook. The company is raising Rs. 95 Crs via preferential allotment for business expansion and working capital. https://www.bseindia.com/xml-data/corpfiling/AttachLive/991251a3-cf0c-41b4-82bb-062d3a5374ad.pdf |
LT Foods Ltd. has expanded its footprint to the United Kingdom, targeting the £**1 billion** rice and rice-based food market. The company inaugurated a state-of-the-art facility in Harlow, spanning 100,000 square feet, with an initial investment of £7 million and plans for further investment up to £50 million. This facility aims to generate annual revenue of £50 million over the next two years, with a target of £100 million within five years. The facility has a production capacity of 60,000 tonnes of rice per annum and has already partnered with four leading UK retailers. This strategic expansion is expected to create local employment opportunities and enhance LT Foods' market presence in the UK. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e87e2496-c09f-49e2-a1fa-82af8fdd6f81.pdf |
Brigade Enterprises Ltd. has announced the launch of Cobalt at Brigade El Dorado, a new residential tower within its 50-acre township located in KIADB Aerospace Park, Bengaluru. The project, comprising 948 one-bedroom apartments, is expected to generate a potential revenue of over ₹400 crores. The overall development spans approximately 6.1 million square feet, including residential, shopping, wellness, and entertainment facilities. The project is designed to blend contemporary living with natural surroundings, featuring over 40 acres of open spaces. Completion is anticipated by Q2 FY 29, offering over 80 amenities and proximity to Kempegowda International Airport. https://www.bseindia.com/xml-data/corpfiling/AttachLive/241b073e-8b23-4526-a383-c14c7bb7796c.pdf |
Tata Consultancy Services Ltd. (TCS) reported a strong start to FY2025 with revenue at ₹**62,613 crore**, reflecting a 5.4% YoY growth. The company's net income increased by 8.7% YoY to ₹**12,040 crore**, with a net margin of 19.2%. TCS achieved an operating margin of 24.7%, and a net headcount addition of 5,452, bringing the total workforce to 606,998. The LTM IT services attrition rate further decreased to 12.1%. TCS also announced a dividend per share of ₹**10.00** with a record date of July 20, 2024, and a payment date of August 5, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/49974fce-c5ad-476f-85cd-705e230dc808.pdf |
SOM DISTILLERIES & BREWERIES LTD. has reported a significant business update for its performance in Odisha. The company has seen a notable increase in market share for its beer brands. With primary sales for Q1 FY 24-25 jumping over 38% compared to Q1 FY 23-24, and the market share rising from 14.4% in Q1 FY 23-24 to approximately 16.1% in Q1 FY 24-25. This growth is attributed to strategic initiatives in distribution, marketing, and product innovation. The company is committed to further strengthening its position in Odisha's competitive market landscape. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e49b0108-cfcd-438f-aac1-ff7fb8bedfe3.pdf |
Indegene has announced a strategic collaboration with Microsoft to enhance the adoption of Generative AI (GenAI) in the life sciences sector. This partnership aims to drive innovation and efficiency across commercial, medical, regulatory, and clinical functions. Indegene, which counts 20 of the world's top 20 biopharma companies among its clients, will leverage Microsoft Azure OpenAI Service and Microsoft Copilot to develop specialized AI services. Key initiatives include a Content Super App for streamlined content creation, a future-ready medical content value chain, and enhanced data management and analytics for clinical trials. Indegene's 'GenAI @ Work' initiative will train over 5,000 employees to boost productivity and focus on higher-value tasks(Srishti et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/849e70cc-ff4b-4831-b23f-8d82c79fadd6.pdf |
Vaibhav Global Ltd has published its 3rd Integrated cum 35th Annual Report and 3rd Annual ESG Report on July 11, 2024. The reports, prepared under the International Integrated Reporting Council (IIRC) framework, provide a comprehensive overview of the company's financial performance, strategic initiatives, and operational achievements for FY24. They highlight VGL's commitment to transparency, holistic value creation, and sustainability. The company has made significant progress in key ESG metrics, underscoring its dedication to responsible business practices. The reports can be accessed on their website - Vaibhav Global Ltd_7/11/2024_82. https://www.bseindia.com/xml-data/corpfiling/AttachLive/67153f10-3724-4dc1-9fe3-19e0b5cf7839.pdf |
Global Surfaces Ltd has announced a significant milestone through its wholly owned subsidiary, Global Surfaces FZE, with a strategic License Agreement signed on July 10, 2024, with SQIP, LLC, and Veegoo Technology Co. Ltd. This agreement allows the company to develop, produce, and manufacture engineered quartz stones that closely replicate natural marble using exclusive patented technologies. The agreement grants Global Surfaces FZE exclusive manufacturing rights in the Middle East and North Africa (MENA) region and a right of first refusal in the Indian market. The company aims to deliver approximately 100,000 slabs over the next three years, enhancing its operational scale and profit margins. This collaboration underscores Global Surfaces Ltd's commitment to innovation and excellence, positioning it to meet the growing global demand for high-quality, natural-looking engineered surfaces. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e63a9ff-6520-4bc3-82de-82ecea06c04f.pdf |
6. New AcquisitionsKeystone Realtors Limited, known as Rustomjee, recently announced its entry into Plotted Development with the acquisition of an ~88-acre land parcel in Kasara, Maharashtra. The total consideration for the land purchase is Rs. 91 crores, with a staggered payment plan until February 2026. This move signifies Rustomjee's strategic expansion to meet the rising demand for second homes in serene environments. The project in Kasara aims to offer around 500 plots totaling approximately 1.5 million square feet, redefining luxury living in tranquil surroundings. This venture aligns with Rustomjee's business model, focusing on quicker cash flow cycles and enhanced profitability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6c4b8eb8-47af-4b2b-8bd9-9d830caa119b.pdf |
Sprayking Ltd successfully recycled waste copper alloy scrap, achieving zero non-compliance from the Pollution Control Board. The company completed its first three months of production at a new facility in Jamnagar, Gujarat, which covers 3,000 sq. m and produces brass and forging components. |
RattanIndia Enterprises Limited recently gained attention at the Sri Lanka EV Auto Show 2024 for its subsidiary, Revolt Motors. At the event, which attracted around 25,000 attendees, 95% of whom showed interest in Revolt's electric bikes, visitors praised the innovative designs, futuristic features, and affordability of the bikes. The company provided test rides, receiving positive feedback and strengthening confidence in the electric vehicle market in Sri Lanka. Revolt Motors' participation highlighted its commitment to electric mobility and customer satisfaction, emphasizing innovation and technology in the electric vehicle landscape(Arora, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4529f1c7-85bb-449f-b782-98a4743b1ea6.pdf |
Infosys Ltd. has been selected by the Delaware Department of Labor to modernize its labor systems, including unemployment insurance tax, benefits, and appeals programs. The project will utilize Infosys LaborForce, a Salesforce-based enterprise labor system, to replace outdated legacy systems and improve operational efficiency and customer service. The implementation has already begun, with additional support from CAI, a global services firm. This initiative aims to enhance data security, reduce fraud, and enable rapid adaptation to changing economic conditions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe9fdcd2-2a41-4cea-8ebd-6492c01a0393.pdf |
Crompton Greaves Consumer Electricals Ltd announced a product launch on July 11, 2024. The new product, named Castula, is a Batten IP 65 NonIntegrated category item, 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 disclosure was made by Rashmi Khandelwal, the Company Secretary & Compliance Officer (Greaves Consumer & Limited). https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff035ee0-48ee-4bdd-b282-49ba75ab5a75.pdf |
Crompton Greaves Consumer Electricals Ltd announced a product launch on July 11, 2024, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new product, Energion HS Duro, is a ceiling fan catering to the domestic market. This disclosure, although not meeting the materiality threshold, is part of the company's commitment to good corporate governance practices. The company emphasizes the importance of transparency and keeping stakeholders informed about new developments. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9d77bde9-e022-404a-9bc2-3bc94380d2c2.pdf |
Pitti Engineering Ltd successfully completes Qualified Institutions Placement (QIP) of equity shares with a face value of ₹5 each. The issue opened on July 8, 2024, and closed on July 11, 2024. The allotment of 34,14,749 equity shares resulted in an issue price of ₹1,054.25 per share, including a premium of ₹1,049.25 per share, aggregating to ₹35,999.99 lakhs. The company's paid-up equity share capital increased from ₹1,602.50 lakhs to ₹1,773.24 lakhs, comprising 3,54,64,816 equity shares. Major allottees include SBI Mutual Fund with 36.11% and Aditya Birla Sunlife Mutual Fund with 25.00% of the total issue size. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bf25ce77-87ac-4ed6-bc26-86c7235b1fe1.pdf |
Pitti Engineering Ltd successfully completes Qualified Institutions Placement (QIP) of equity shares with a face value of ₹5 each. The QIP opened on July 8, 2024, and concluded on July 11, 2024. The company allocated 34,14,749 equity shares at an issue price of ₹1,054.25 per share, including a premium of ₹1,049.25 per share. The Fund Raising Committee approved the closure of the issue, adopted the placement document, and finalized the confirmation of allocation notes to eligible qualified institutional buyers (QIBs). Refund intimation letters were also approved for bidders entitled to refunds. The placement document is available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1e0652b-1b1d-4d2b-a145-95d2307288e5.pdf |
Keystone Realtors Limited recently announced their entry into Plotted Development with the acquisition of an ~**88-acre land parcel** in Kasara, Maharashtra for Rs. 91 crore. This move signifies their strategic expansion to meet the rising demand for second homes in serene locations. The project in Kasara will consist of approximately 500 plots, totaling 1.5 million square feet, aiming to redefine luxury living in tranquil surroundings. The acquisition is part of their plan to diversify and grow their real estate portfolio, reflecting their commitment to innovation and quality. (Keystone Realtors Ltd_7/11/2024_91, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/031307de-f83d-46dc-841a-07cc79941a17.pdf |
Adani Wilmar Ltd has entered into a Share Subscription and Share Purchase Agreement to acquire a 67% majority stake in Omkar Chemical Industries Private Limited (OCIPL) on July 11, 2024. |
EPL Ltd Announces Strategic Investment in Clean Max Enviro Energy Solutions Private Limited and Clean Max Aria Private Limited |
DLF LTD. has disclosed under Regulation 30 of the SEBI Listing Regulations that its wholly-owned subsidiary, DLF Info City Chennai Limited (DICCL), has acquired an additional 4.95% of the paid-up share capital of Tulip Renewable Powertech Private Limited, bringing its total holding to approximately 15.42%. This acquisition, valued at up to ₹1.22 crore, aligns with the Group Captive Scheme of the Electricity Rules, 2005, requiring equity shareholding proportional to power consumption. |
Shivam Chemicals Ltd has announced an investment of Rs. 5.62 Crore in its wholly-owned subsidiary, Shivam Chemical & Minerals Private Limited. The subsidiary, incorporated on December 23, 2019, operates in the manufacturing, processing, and trading of various minerals and mineral products. As of the financial year ending March 31, 2024, the subsidiary reported a turnover of Rs. 10.20 Crore. The investment will be made by subscribing to 56,20,000 equity shares at a face value of Rs. 10 each. This transaction is a related party transaction executed on an arm’s length basis. https://www.bseindia.com/xml-data/corpfiling/AttachLive/561e34b7-40b2-4b7e-864c-1c663a1d93a0.pdf |
Lakshmi Machine Works Ltd. has incorporated a wholly owned subsidiary named LMW Holding Limited on 10th July 2024 in the Dubai International Financial Centre, UAE. The subsidiary has a share capital of AED 9,00,00,000, consisting of 90,00,000 shares of AED 10 each. This strategic move aims to enhance LMW's global presence by accessing new markets through alliances, partnerships, and talent acquisition. The acquisition does not fall within related party transactions, and the promoter group has no interest in the new entity. The subsidiary will act as a holding company for investments in industrial enterprises and management. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8edaa0d1-40ac-4715-9c9d-674e3d96c1f5.pdf |
ASI Industries Ltd has acquired equity shares of Steel Authority of India Ltd (SAIL) through the stock exchange. The acquisition event occurred on 10th July 2024, with the company becoming aware of the particulars on 11th July 2024. |
ASI Industries Ltd has announced the acquisition of equity shares in National Aluminium Co. Ltd (NALCO) through the stock exchange. The acquisition, completed on 10th July 2024, involved a total cost of ₹10 crore for 10,000 shares, representing 0.0005% of NALCO's shareholding. |
7. Credit RatingICICI Lombard General Insurance Company Ltd announced the withdrawal of the ICRA rating assigned to its ₹35.0 crore Subordinated Debt Programme. This decision follows the full redemption of the debentures, as confirmed by ICRA Limited on July 11, 2024. Additionally, ICRA reaffirmed the [ICRA]AAA(Stable) Issuer Rating for the company, indicating the highest degree of safety regarding timely servicing of financial obligations. The reaffirmation and withdrawal were communicated to the stock exchanges and are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c80bbe2-59f6-487f-80cf-be89714f9bef.pdf |
Likhitha Infrastructure Ltd has received credit ratings from CRISIL Ratings Limited as of July 11, 2024. The company has been assigned a Long Term Rating of CRISIL A/Stable and a Short Term Rating of CRISIL A1. These ratings apply to the company's fund-based and non-fund-based bank facilities, totaling Rs. 200 Crore. The ratings are under continuous surveillance and review, and CRISIL reserves the right to revise them based on new information or circumstances. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51b0e9a5-0ec7-4209-af00-dde02821916c.pdf |
Dynamatic Technologies Ltd. has seen a significant upgrade in its credit rating from 'IND BBB+' to 'IND A' with a stable outlook by India Ratings & Research. This improvement is attributed to the company's strengthened capital structure, improved credit metrics, and a robust order book. |
Simplex Castings Ltd. has received credit ratings from Care Rating Limited for its bank facilities. The company has been assigned a CARE B; Stable rating for its long-term bank facilities amounting to ₹**59.00 crore** and a CARE A4 rating for its short-term bank facilities amounting to ₹**13.00 crore.** The ratings are valid for one year from the initial communication date, July 10, 2024. The detailed rating letter and further information are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ae054ee2-7b1e-44c0-a9be-76cd60ab516c.pdf |
SANGHVI MOVERS LTD. has received a reaffirmation of its long-term rating at [ICRA]A+ (Stable) and short-term rating at [ICRA]A1 for its bank facilities totaling Rs. 531.55 crore. Additionally, ICRA has assigned the same ratings to an enhanced bank facility of Rs. 124.73 crore, bringing the total rated amount to Rs. 656.28 crore. (_SANGHVI MOVERS LTD._ 7/11/2024_56, n.d._) The ratings are subject to annual surveillance and may be reviewed based on new information or changes in the terms of the bank facilities. (_SANGHVI MOVERS LTD._ 7/11/2024_56, n.d._) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ca9ddf18-e83b-4674-8d4b-9699c66f3ee4.pdf |
Kalpataru Projects International Ltd has received an affirmation of its credit ratings from India Ratings & Research Private Limited as of July 10, 2024. The company’s long-term bank facilities and non-convertible debentures have been rated IND AA/Stable, while its short-term bank facilities and commercial paper have been rated IND A1+. The company has a robust business profile with a strong order book of INR 584 billion as of March 2024. Its operating revenue for FY24 stood at INR 167.60 billion, reflecting a growth of 16.9%. Despite a higher working capital cycle, the company maintains comfortable credit metrics with a net leverage of 1.96x and an interest coverage ratio of 3.06x. The company’s liquidity is adequate, supported by unencumbered cash balances of INR 8.27 billion at the end of FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9720c9e1-deb3-4730-8dd1-7e34eb0b675b.pdf |
Newgen Software Technologies Ltd has received a reaffirmation of its short-term rating of CRISIL A1 for its debt instruments and facilities. The rated bank facilities include a total of ₹95 Crore, with specific allocations such as ₹10 Crore for Bank Guarantee and various amounts for Export Packing Credit & Export Bills Negotiation/Foreign Bill Discounting across multiple banks including ICICI Bank, Standard Chartered Bank, HSBC Bank, and Axis Bank. These ratings are valid until December 31, 2024, and are subject to continuous surveillance and review by CRISIL (Okhla Phase II, New Delhi 110020, India). https://www.bseindia.com/xml-data/corpfiling/AttachLive/e388bd38-6699-4bda-92ab-6b5774de957f.pdf |
Bhartiya International Ltd. has received a reaffirmation of its credit rating from India Ratings and Research (Ind-Ra) as of July 10, 2024. The company has been assigned a Long-Term Issuer Rating of '**IND BBB**' with a Stable Outlook. |
CERA Sanitaryware Ltd. has received credit ratings for its bank facilities and commercial papers from CRISIL Ratings Limited. The total bank loan facilities rated amount to Rs. 100 Crores, with a long-term rating of CRISIL AA/Stable and a short-term rating of CRISIL A1+, both reaffirmed. The review of the Rs. 30.00 Crores commercial paper also received a reaffirmed rating of CRISIL A1+. The company received these ratings on 10th July, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/280db0a3-235e-44b3-aab0-9da0ae5e9fc2.pdf |
Indo Tech Transformers Ltd. has received a reaffirmation of its credit ratings from ICRA, reflecting a stable financial outlook. The company's long-term rating is ICRABBB- (Stable), and its short-term rating is ICRAA3. The ratings cover a total bank facility of Rs. 389 crore, up from Rs. 274 crore. |
YES BANK LTD. has recently received an update on its ratings from Moody's Investors Service. The outlook for the bank has been changed to positive from stable. The bank's long-term foreign currency issuer rating has been reaffirmed at Ba3, with the outlook being revised to positive. |
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THERMAX LTD. has announced that its wholly owned subsidiary, Thermax Chemical Solutions Private Limited (TCSPL), entered into a Shareholders Agreement with Vebro Polymers Holdings Limited on July 10, 2024. The agreement aims to establish a new company focused on the flooring chemical business, with TCSPL and Vebro holding equity shares in a 50.1:49.9 ratio. TCSPL will appoint three directors, while Vebro will appoint two. Both parties are committed to maintaining their shareholding for a minimum of six years. The equity shares will be issued at face value, and there are no potential conflicts of interest or related party transactions involved. https://www.bseindia.com/xml-data/corpfiling/AttachLive/abc317b4-948b-426f-ade3-40a4f4f3b2cc.pdf |
Global Surfaces Ltd has entered into a License Agreement with SQIP, LLC and Veegoo Technology Co. Ltd. The agreement grants exclusive rights to use patented technology for producing engineered quartz surfaces in the MENA region and a first right of refusal in India. The Licensee will receive technical assistance and necessary equipment, with the Licensor retaining ownership of equipment and specific patent rights. The agreement emphasizes maintaining a minimum selling price and specific operational conditions. The Licensee will share profits with the Licensor and Veegoo as per an agreed percentage, leading to increased manufacturing capability and operational capacity (**Global Surfaces Ltd_7/11/2024_92**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/c07d900e-5e91-4323-93dc-7fa8aebe32c4.pdf |
Brandbucket Media & Technology Ltd has announced the resignation of its statutory auditor, M/s. S. D. Mehta & Co., Chartered Accountants (Firm Registration No. 137193W). The resignation was tendered via a letter dated July 10, 2024. The reasons for the resignation are mentioned in the resignation letter. This change is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. The resignation is effective from July 10, 2024. The company has attached the resignation letter and provided the necessary details as required under the applicable statutory provisions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ae39718a-e07f-4323-ab20-29a4c6d7b2a2.pdf |
8. Rights issueViji Finance Ltd has received trading approvals from the National Stock Exchange of India (NSE) and BSE Limited on July 11, 2024. The company will be allowed to trade 6,00,00,000 equity shares on both exchanges. These shares will be listed and admitted to dealings on the exchanges starting from July 12, 2024. |
PATEL INTEGRATED LOGISTICS LTD. has received in-principle approval for a proposed rights issue of fully paid-up equity shares. The approval was granted by BSE Limited on July 10, 2024, and by the National Stock Exchange of India Limited on July 5, 2024. |
Indoco Remedies Ltd. has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the GST Authority has raised a demand of Rs 13.46 Lakhs for the fiscal year 2019-2020. This demand, detailed in Form GST DRC-07 dated July 10, 2024, pertains to the alleged wrongful availment and utilization of input tax credit (ITC). Indoco Remedies plans to file an appropriate response and appeal against this order, asserting that there is no material impact on its financials or operations due to this demand. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7ce3ac7-6953-4ad6-8ef3-dd0313ffa9d9.pdf |
Le Travenues Technology Ltd (ixigo) reported robust financial performance for FY '24, showcasing significant growth across various segments. The company achieved a Gross Transaction Value (GTV) of INR 10,283 crores, marking a 38% year-on-year increase. The adjusted EBITDA for FY '24 rose to INR 55.3 crores from INR 44.3 crores in FY '23, while the PAT surged by nearly 212% to INR 73.1 crores. |
Shalby Ltd reported a consolidated revenue of INR 289 crores for Q1 FY'25, marking a 20% YoY growth, the highest in its history. The EBITDA stood at INR 55 crores with a 20% margin, while PAT was INR 15 crores. The company's implant business saw a 58% revenue increase to INR 259 million. The recent acquisition of Sanar International Hospitals contributed significantly, with 56% of its revenue from international patients. Shalby also maintained a strong balance sheet with a low gearing ratio of 0.18x and a net debt of INR 168 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c170c678-ffa0-489b-9432-46047973d9aa.pdf |
Pitti Engineering Limited announced that it issued a total of 34,14,749 Equity Shares of face value ₹5 each, at an Issue price of ₹1,054.25 per Equity Share, including a premium of ₹1,049.25 per Equity Share. The Fund Raising Committee of the Board of Directors approved the allotment of these Equity Shares to eligible qualified institutional buyers at the Issue price, totaling ₹35,999.99 lakhs. |
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