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VIP Clothing Ltd has announced significant corporate actions following the Board of Directors' meeting held on July 12, 2024. The company approved the issuance of up to 93,06,000 equity shares at a price of Rs. 45/- per share, aggregating to Rs. 41.87 crore. Furthermore, the company has approved the issuance of 1,23,03,000 convertible equity warrants at the same price, totaling Rs. 55.36 crore. These issuances are targeted at non-promoter categories on a preferential basis. Shareholders are invited to attend an Extraordinary General Meeting (EGM) on August 5, 2024, to seek their approval for these actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e12a716-9534-4136-bf37-abaa63a34d8a.pdf |
SIS Limited has completed a secondary investment of INR 2.17 crores in Agarsha Senior Care Private Limited. This involved the acquisition of 1,96,962 equity shares from existing shareholders. The details of this transaction were previously disclosed in communications dated March 28, 2024, and April 18, 2024. This update is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/80e409b5-d517-4115-b0a5-3c8c749e4004.pdf |
Piramal Pharma Ltd successfully completed a US FDA Pre-Approval Inspection (PAI) at its PPDS Ahmedabad facility from July 10 to July 12, 2024. The inspection resulted in zero Form-483 observations and a No Action Indicated (NAI) designation. This achievement allows the company to provide high-end analytical capabilities to customers for both clinical and commercial batches from an FDA-approved site. Piramal Pharma remains committed to maintaining the highest standards of compliance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d36a3e36-c97e-4dec-a41c-17634636ff9b.pdf |
RSWM LTD. has announced the sale of its Thermal Power Plant (2 X 23 MW) due to cost inefficiency and redundancy. Mis. Didwania Trading Company, Bhilwara, has agreed to purchase the plant for a consideration of Rs. 48.01 crore plus applicable taxes. Notably, Mis. Didwania Trading Company is not a related party to RSWM LTD. This transaction is disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. |
Raymond Ltd. has announced significant corporate initiatives aimed at enhancing shareholder value. The company has approved the demerger of its Real Estate business into Raymond Realty Limited, expected to take 12-15 months. This follows the sale of its FMCG business for INR 2,825 crores, making the group net debt-free. The demerger of its Lifestyle business was completed on June 30, 2024, with a record date of July 11, 2024. Raymond Realty's Thane land has a revenue potential of approximately INR 25,000 crores, with 65% of inventory already sold. The engineering business, bolstered by the acquisition of Maini Precision, now has a revenue of over INR 1,800 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe12d4df-a7a2-4760-9079-bae7c3de236f.pdf |
Indian Renewable Energy Development Agency Ltd (IREDA), India's largest pure-play green financing Non-Bank Financial Company (NBFC), reported a 32% increase in revenue from operations in Q1 FY24-25, reaching Rs 1510.28 crores. This was accompanied by a 30% rise in profit after tax to Rs 383.69 crores. |
5paisa Capital Ltd reported a consolidated income of Rs. 102.3 crore for Q1 FY25, marking a 21% year-over-year increase. The company's consolidated profit after tax surged to Rs. 20.1 crore, reflecting a 39%year-over-year growth. During the quarter, 5paisa onboarded 2.34 lakh new clients, bringing the total number of registered customers to 4.42 million. The 5paisa mobile app achieved over 19.6 million installs with a 4.3-star rating on the Playstore. The company continues to focus on product development, customer experience, technology, and cost optimization to drive future revenue and profitability. |
Oil and Natural Gas Corporation Ltd has announced that its wholly-owned subsidiary, ONGC Videsh Limited, has successfully raised a loan of USD 800 million. This loan was drawn on 12.07.2024 to discharge existing borrowings upon their maturity. The update follows a prior communication dated 08.07.2024 regarding the same loan facility. This financial maneuver is part of ONGC Videsh Limited's strategic efforts to manage its debt obligations efficiently. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f57d173b-9ee3-4473-869e-2252594f3f4d.pdf |
DCB Bank Limited has received a "CARE A1+ rating" from CARE Ratings Limited for its Short-Term Fixed Deposit Programme and ₹500 Crore Certificates of Deposit Programme. (National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai -400 051. National Stock Exchange of India Limited (NSE) Exchange Plaza, Bandra Kurla Complex, Bandra, Mumbai -400 051, n.d.) |
Madhuveer Com 18 Network Ltd has scheduled a Board of Directors meeting on Wednesday, 17th July 2024. The agenda includes: |
SETCO AUTOMOTIVE LTD. reported a FY24 revenue from operations of Rs. 629.7 crore, a 15.4% increase from FY23's Rs. 545.6 crore. The growth was driven by higher OEM volumes and better aftermarket and export sales (SETCO AUTOMOTIVE LTD._7/12/2024_12, n.d.). The FY24 EBITDA stood at Rs. 72.5 crore, up 79.9% from Rs. 40.3 crore in FY23. The increase was attributed to higher sales, a favorable segment mix, and cost-saving initiatives (SETCO AUTOMOTIVE LTD._7/12/2024_12, n.d.). Despite these improvements, the company recorded a loss of Rs. 135.1 crore in FY24, an improvement from the Rs. 192.3 crore loss in FY23 (SETCO AUTOMOTIVE LTD._7/12/2024_12, n.d.). |
Savani Financials Ltd. held its Fortieth Annual General Meeting on July 08, 2024, via video conferencing. The NBFC reported an operating revenue of Rs. 12.29 Lakhs for the financial year 2023-2024, compared to Rs. 11.15 Lakhs the previous year. However, it faced a net loss of Rs. 200.02 Lakhs, up from Rs. 7.36 Lakhs the prior year. |
IndusInd Bank Ltd. has announced a Board of Directors meeting scheduled for Friday, July 19, 2024. The agenda includes fixing the date and time for the 30th Annual General Meeting (AGM) and considering the issuance of long-term bonds or debt securities on a private placement basis, subject to shareholder and regulatory approvals. Additionally, the Board will discuss the augmentation of capital through further issuance or placement of securities, including American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and Qualified Institutional Placements (QIPs). (INDUSIND BANK LTD._7/12/2024_14, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/682ac5ac-8b4a-4f9a-81d8-43627658cbaa.pdf |
5paisa Capital Ltd reported its Q1FY25 financial results, highlighting a 24% increase in the average funding book to ₹271 Cr and a 9% rise in revenue to ₹1,023 Mn. The company achieved a 248% increase in profit after tax (PAT) to ₹201 Mn. The average daily turnover (ADTO) reached ₹3.67 Tn, and the customer base grew by 12% to 4.47 Mn. Despite a 4% decline in app users to 19.6 Mn, the company maintained a 5% market share in incremental client acquisition. The total client acquisition for Q1FY25 was 2.34 Lakhs, with a 90% STP acquisition rate. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5397c823-0862-4018-bfba-d7ad8ecbb102.pdf |
Sky Gold Ltd announces preferential issue of 4,17,542 equity shares with a face value of Rs. 10 each and a premium of Rs. 1,187, resulting in an issue price of Rs. 1,197 per share. This decision was approved during the Board meeting on 20th June 2024 and the Extra-ordinary General Meeting on 12th July 2024. The shares are being issued on a preferential basis for consideration other than cash. https://www.bseindia.com/xml-data/corpfiling/AttachLive/018dc8d6-a9ec-40ca-a282-3ed2b6479454.pdf |
Vasudhagama Enterprises Ltd held a Board of Directors meeting on July 12, 2024, approving the appointment of Mr. Jay Atul Parekh as Managing Director, subject to member approval in the upcoming General Meeting. |
Vasudhagama Enterprises Ltd held a Board meeting on July 12, 2024, approving the appointment of Mr. Jay Atul Parekh as Managing Director, subject to member approval. The Board also approved the allotment of 2,69,47,050 equity shares at Rs. 26 each on a preferential basis to non-promoters. This facilitated the acquisition of 1,79,64,700 equity shares of Zecrom Enterprises Private Limited (ZEPL) at Rs. 39 per share. This acquisition, valued at Rs. 70,06,23,300, results in ZEPL becoming a subsidiary of Vasudhagama Enterprises Ltd, holding 86.24% of ZEPL's equity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/df269f5f-c215-46a2-b878-5c9e91bfbc98.pdf |
Akme Fintrade (India) Ltd has released the audio/video recording of its earnings call held on July 12, 2024, discussing the Audited Financial Results for the quarter and financial year ended March 31, 2024. The recording is available at this link. This disclosure is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cd9572c2-9892-4cb8-8cfa-730620f04d95.pdf |
Infosys Ltd. announced on July 12, 2024, that Infosys Foundation USA has partnered with the Congressional App Challenge to promote STEM education across the U.S. This initiative, an official program of the U.S. House of Representatives, encourages middle and high school students to learn coding and pursue careers in computer science. |
Apollo Micro Systems Ltd has announced that it has been awarded a prestigious Make II project by the Indian Army for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020. This project, which is the company's first under the Make II category, is highly futuristic and state-of-the-art. The project will be executed over a period of 85 weeks for single-stage composite trials and staff evaluation. Notably, there is no cost obligation involved for the company in this project. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3cc2e287-0935-49d3-ad62-e8c3e1f1feab.pdf |
PTC India Financial Services Ltd. has appointed Sh. R Balaji as the new Managing Director & Chief Executive Officer effective from July 12, 2024. |
Kshitij Investments Ltd announces significant changes in its executive team. On July 11, 2024, the Board of Directors appointed Mr. Aman Agrawal (PAN: BZRPA8822P) as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Mr. Agrawal, who holds an MBA from Astral College Indore, brings over two years of experience in the Food and Agro Processing Business. Concurrently, the resignation of Mr. Pranav Rajkumar as CFO was accepted due to personal reasons. Mr. Rajkumar had been serving since January 27, 2023. The company has confirmed that Mr. Agrawal is not debarred from holding office as Director by SEBI or any other authority. |
Vimta Labs Limited has announced the amalgamation of its wholly-owned subsidiary, Emtac Laboratories Private Limited (ELPL), with itself. The merger, effective from April 1, 2024, aims to consolidate business operations, achieve operational synergies, and reduce administrative costs. The scheme ensures that all assets, liabilities, and employees of ELPL will be transferred to Vimta Labs Limited without any adverse effects on stakeholders. The authorized share capital of Vimta Labs will increase to INR 11,99,99,500, divided into 5,99,99,750 equity shares of INR 2 each. The merger is subject to approval by the National Company Law Tribunal (NCLT). https://www.bseindia.com/xml-data/corpfiling/AttachLive/d34e391d-2308-4b69-b418-d22c486f0009.pdf |
HB Portfolio Ltd. has announced that its 29th Annual General Meeting (AGM) will be held on Saturday, 17th August 2024, at 03:00 PM through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The Register of Members and Share Transfer Books will be closed from Sunday, 11th August 2024 to Saturday, 17th August 2024 for the AGM. Shareholders can cast their votes electronically via Remote e-voting, which will commence at 09:00 AM on Wednesday, 14th August and end at 05:00 PM on Friday, 16th August. The cut-off date for determining eligibility to vote is Saturday, 10th August. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a04596a6-9f7d-4b44-b7bf-8b1790e077d8.pdf |
JAYKAY ENTERPRISES LTD. has announced a Rights Issue of equity shares with a face value of ₹1 each, aggregating to ₹146.14 Crore. The Rights Issue price is set at ₹25 per share, with a 1:1 entitlement ratio. Eligible shareholders can apply for one Rights Equity Share for every one Equity Share held as of the record date, July 19, 2024. A total of 5,84,57,688 Equity Shares will be issued. The Rights Entitlement will be credited to shareholders' demat accounts prior to the issue opening date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fd86f66-9c30-43e7-ad84-88ebbbbcd424.pdf |
HCL Technologies Ltd. reported a revenue of ₹28,057 Crores for Q1 FY25, reflecting a 1.6% QoQ decline and a 6.7% YoY increase. The company's EBIT stood at ₹4,795 Crores (17.1% of revenue), showing a 4.4% QoQ decrease but a 7.5% YoY increase. Net income was ₹4,257 Crores (15.2% of revenue), marking a 6.8% QoQ rise and a 20.4% YoY growth. HCLTech's total headcount was 219,401, with a net reduction of 8,080 employees due to divestiture. The company also announced a dividend of ₹12/- per share, continuing its streak of 86 consecutive quarters of dividend payouts. |
Oriental Hotels Ltd. reported its Q1 FY 2024-25 results, highlighting a revenue of INR 84.78 Cr, a decrease from INR 96.79 Cr in Q1 FY 2023-24. EBITDA stood at INR 14.69 Cr, down from INR 26.83 Cr, and Profit After Tax was INR 3.64 Cr, compared to INR 12.20 Cr in the previous year. |
Shantai Industries Ltd has entered into a loan agreement with Karma Trendz Private Limited for an inter-corporate loan amounting to Rs. 75,00,000. The loan carries an interest rate of 9% per annum and is set for a maximum period of one year from the date of disbursement, with the possibility of extension through mutual discussion. The loan is unsecured, with no shareholding or special rights involved, and the parties are not related to the promoter group. The agreement was executed in July 2024. As of the date of disclosure, there is no outstanding loan amount for Shantai Industries Ltd. (**Shantai Industries Ltd_7/12/2024_30**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/83d77ecb-215c-40db-a368-94e682f896e0.pdf |
Rail Vikas Nigam Ltd has received a Letter of Acceptance from Central Railway for the OHE modification work. This project is aimed at upgrading the existing 1 x 25 kV Electric Traction System to a 2 x 25 kV AT Feeding System in the Wardha-Ballarshah Section of the Nagpur division. This project is designed to meet a 3000 MT loading target and is valued at Rs. 132,59,20,130.37. The contract is to be executed within 24 months. The project is a domestic contract with no related party transactions involved. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e163d7a-50fd-4c52-8f27-4b12cd1a84c7.pdf |
MEDIAONE GLOBAL ENTERTAINMENT LTD. has announced a Board of Directors meeting scheduled for Monday, 22nd July 2024 via video conference. Key agenda items include the resignation of the Chief Financial Officer and the redesignation of Mr. Sai Prasad from Non-Executive (Independent) Director to Executive Director. This meeting is in compliance with Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/053655e2-171a-4e23-8957-726e76d515cf.pdf |
Vikalp Securities Ltd. has received a recommendation from its Committee of Independent Directors (IDC) regarding an open offer. The offer aims to acquire up to 793,500 equity shares, representing 26% of the company's total paid-up capital, at a price of ₹**25** per share. The acquirers include Deepakbhai Patel, Kamuben Patel, and Priyam Shah. The IDC has reviewed the offer and considers the price fair and reasonable. The recommendation was unanimously approved by the IDC members, who have no conflicts of interest with the acquirers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f739b8f6-31e4-497a-b1d4-7e2e4ea1e324.pdf |
Sunteck Realty Ltd. reported significant operational updates for Q1 FY25. Pre-sales reached approximately Rs 502 crores, marking a 29.7% increase year-on-year (YoY). Collections also totaled approximately Rs 342 crores, up 18.8% YoY. |
Alembic Pharmaceuticals Ltd. announced on July 12, 2024, that it has received tentative approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Selexipag for Injection, 1,800 mcg/vial. This approval is for a drug therapeutically equivalent to Uptravi® by Actelion Pharmaceuticals, indicated for treating pulmonary arterial hypertension (PAH). |
Mahindra Holidays & Resorts India Ltd. has received ratings from India Ratings & Research Private Limited (Ind-Ra) for its debt facilities. Ind-Ra assigned a rating of IND AA-/Stable to an additional debt facility of INR 150 million and affirmed the same rating for existing fund-based working capital limits of INR 1,050 million. Additionally, non-fund-based working capital limits of INR 100 million were affirmed with a rating of IND A1+. The press release detailing these ratings was communicated to the company on July 11, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/19c03b07-7ad9-41aa-95f1-486696fc40ed.pdf |
LUPIN LTD. has announced the receipt of an Establishment Inspection Report (EIR) from the U.S. FDA for its manufacturing facility in Dabhasa, Gujarat. The inspection, conducted from April 8 to April 12, 2024, concluded with no observations, earning the facility a "No Action Indicated" (NAI) classification. This achievement underscores Lupin's commitment to maintaining high standards of quality and compliance. |
Asya Infosoft Limited has undergone a significant development in its Corporate Insolvency Resolution Process (CIRP). The resolution plan, submitted by Mr. Bijal Dineshchandra Sanghvi in consortium with M/s. Axis Solutions Private Limited, was approved by the Committee of Creditors (CoC) with a 68.48% majority on January 23, 2024. The National Company Law Tribunal (NCLT) Ahmedabad Bench pronounced the order approving the resolution plan on July 11, 2024. Key financial details include a total admitted claim of Rs. 17,76,09,786, with a resolution amount of Rs. 3,73,72,093 and an equity allotment of Rs. 10,00,000. The plan also proposes an amalgamation with Axis Solutions Pvt. Ltd. aiming to preserve the going concern valuation and facilitate the revival of the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/868e264a-d61f-4f1d-babc-77ebc5107cb7.pdf |
Simbhaoli Sugars Ltd is undergoing a Corporate Insolvency Resolution Process (CIRP) initiated by Punjab National Bank (PNB) due to a default amounting to ₹1,30,04,81,590 as of November 22, 2017. The National Company Law Tribunal (NCLT), Allahabad Bench, admitted the petition on July 11, 2024, and appointed Mr. Anurag Goel as the Interim Resolution Professional (IRP). The company's board of directors' powers are suspended, and a moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) is in effect, prohibiting suits, asset transfers, and recovery actions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/210d6b80-b4c1-45c7-bb80-27bc6c4671a7.pdf |
GARODIA CHEMICALS LTD. has announced that the Committee of Creditors approved the Base Resolution Plan on July 11, 2024, as per Section 54K of the Insolvency and Bankruptcy Code, 2016. This plan will be submitted to the Hon’ble National Company Law Tribunal by July 15, 2024. The approval was disclosed to BSE Limited on July 12, 2024. (**GARODIA CHEMICALS LTD._7/12/2024_41**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f9caba3-2a07-45ce-b0c7-4cc072260bb9.pdf |
Shoppers Stop Ltd. has received new credit ratings from CRISIL Ratings Limited as of July 12, 2024. The total bank loan facilities rated amount to Rs. 350 crore, with a long-term rating of CRISIL A+/Stable and a short-term rating of CRISIL A1+. Additionally, the commercial paper instrument amounting to Rs. 100 crore had its CRISIL A1+ rating withdrawn due to no outstanding amounts against the instrument. |
Jupiter Wagons Ltd successfully concluded a Qualified Institutional Placement (QIP) raising INR 800 Crores, which was oversubscribed 3.5 times with bids worth INR 2,800 Crores. The capital will primarily fund a new forged rail wheel and axle manufacturing plant, enhancing backward integration and supporting long-term growth. |
Tavernier Resources Limited is undergoing an open offer for the acquisition of up to 15,54,540 fully paid-up equity shares at a face value of ₹10 each. The offer, managed by Vivro Financial Services Private Limited, opened on June 14, 2024, and closed on June 28, 2024. The offer price was set at ₹16.50 per share, but only 200 shares were tendered and accepted, resulting in an actual acquisition of 0.003% of the fully diluted equity share capital. Post-offer, the acquirer, Amit Vedawala, holds 55.46% of the fully diluted equity share capital, totaling 33,16,116 shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7B2C8A88-A7F5-446D-9002-8C8CE5C7ECA7-152924.pdf |
Anand Rathi Wealth Ltd announced that the audio recording of its Q1FY25 Earnings Conference Call, held on July 12, 2024, is now available on the company's website. The transcript of the investor conference will be shared with stock exchanges and uploaded on the website "in due course". This update is for "informational purposes and record-keeping". Anand Rathi Wealth Ltd is committed to "maintaining transparency and timely communication" with its stakeholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef7e22ca-1a87-4601-afaf-f7cadf14a617.pdf |
Kilburn Engineering Ltd. has announced a strategic acquisition of a prime factory unit located at Plot No. B/78/1, MIDC, Anand Nagar, Additional Ambernath Industrial Area, Ambernath (East) - 421 506, Thane, Maharashtra. The acquisition, valued at up to Rs. 22 crores, includes essential assets such as plant, machinery, office building, work area/shed, amenities, and equipment. |
CIAN Agro Industries & Infrastructure Ltd has received approval from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, on July 12, 2024, for the Resolution Plan submitted in the matter of Swapnil Promoters and Developers Private Limited, which was under the Insolvency and Bankruptcy Code (IBC) process. |
Finkurve Financial Services Ltd, also known as Arvog, has been assigned a '**CRISIL BBB/Stable**' rating for its long-term bank facilities amounting to Rs. 125 crore. The company primarily focuses on gold loans, which constitute over 50% of its Assets under Management (AUM). As of March 31, 2024, the company's AUM stood at Rs. 259.5 crore. Gold loans made up 74.7% of the total AUM, while personal loans accounted for 13.5%, and SME loans comprised 11.6%. The company boasts a strong promoter profile, with the promoter group holding a 58.9% stake. An experienced management team is also in place. Despite its small scale of operations and limited seasoning of its portfolio, Finkurve Financial Services Ltd's adequate capital position and comfortable earnings profile support its rating. https://www.bseindia.com/xml-data/corpfiling/AttachLive/47517c50-4df1-4975-ad63-1795d4485015.pdf |
Ahluwalia Contracts (India) Ltd has secured a significant order worth Rs. 581.00 Crores (excluding GST) from ETSY Realcon Pvt. Ltd for civil and structural work at "The Edition" in Sector-66, Gurugram, Haryana. The project is domestic and is expected to be completed within 30 months. There is no interest from the promoter group in the awarding entity, and the contract does not fall under related party transactions. |
Bharat Electronics Ltd. has secured export orders worth Euro 25.75 million from Thales Reliance Defence Systems for the manufacture and supply of Transmit Receive (TR) modules. These modules will be used in the radars of fighter aircraft. Additionally, the company has obtained orders valued at Rs. 192 crores for communication equipment, encryptors, spares, and services for Radars and Fire Control Systems. This brings the total accumulated orders for Bharat Electronics Ltd. in the current financial year to Rs. 5,225 crores. (Towers et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/f84aeccf-0fb2-4bbe-a997-6dbfac71fd79.pdf |
NIIT LTD. has announced the second edition of the Digital Architect Conclave 2024. This event is being organized by StackRoute, an NIIT venture. The event will take place on July 19, 2024, at the Shangri La Hotel in Bangalore. The aim is to bring together top architects, industry leaders, and technology enthusiasts for discussions, networking, and showcasing innovative architectural practices. |
Pitti Engineering Ltd has successfully raised ₹**359.99 crore** through a Qualified Institutions Placement (QIP) as of July 12, 2024. The funds will be utilized for repaying and/or prepaying certain borrowings and for general corporate purposes. The QIP was open from July 8, 2024, to July 11, 2024, resulting in the allotment of 34,14,749 equity shares at an issue price of ₹**1054.25** per share. |
Sterlite Technologies Limited (STL) has achieved a significant milestone in its Global Services Business (GSB) demerger, receiving 100% approval from both secured and unsecured creditors and 99.98% from equity shareholders at the National Company Law Tribunal (NCLT) convened meetings on July 10, 2024. This approval paves the way for the new business shares to be listed separately, enhancing growth potential and value creation. The demerger will allow STL and the new Global Services entity to operate independently, fostering agility and focus. |
Akme Fintrade (India) Ltd, a leading RBI-registered Non-Banking Finance Company (NBFC) established in 1996, focusing on rural and semi-urban finance in India, has a robust asset profile with a total AUM exceeding ₹400 crores. The company operates through 12 branches across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat. |
Coal India Ltd. is set to revise its e-auction norms to better meet local coal demand. Key changes include: |
INDOSOLAR LTD. has established a 1.30 GW solar module manufacturing facility at its factory in Greater Noida, Uttar Pradesh, India, and commenced operations on July 11, 2024. This development is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has requested the National Stock Exchange of India Limited and BSE Limited to acknowledge and disseminate this information to all concerned parties. https://www.bseindia.com/xml-data/corpfiling/AttachLive/38feeb13-253b-471d-aa99-2d7203b6a258.pdf |
EFC (I) Limited held an Extra-ordinary General Meeting (EGM) on July 11, 2024. At the meeting, members approved a resolution to clarify and expand the objectives of the issues mentioned in the Explanatory Statement to the EOGM notice dated December 01, 2023. The company authorized the utilization of proceeds from the preferential issue of 85,97,318 equity shares, totaling Rs 242.44 Cr. The allocation includes up to 70% for business growth through integration and investments in subsidiaries, up to 5% for technology and human resources, and up to 25% for working capital and liabilities. (EFC (I) Ltd_7/12/2024_59, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/733d4f01-496d-494f-9628-303e4951db11.pdf |
Onesource Ideas Venture Ltd has scheduled a Board of Directors meeting on 18th July, 2024 to discuss several key business items. The agenda includes the proposal for the sub-division/split of equity shares, an increase in the authorized share capital, and alterations to the Memorandum and Articles of Association. Additionally, the board will consider the shifting of the registered office and any other matters with the Chair's permission. The approved proposals will be presented to the members for approval via postal ballot. The trading window for equity shares will remain closed as per the company's insider trading regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/72ecdccc-1f32-45a3-83a7-fdb710f956d4.pdf |
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced a significant milestone with the arrival of the first container ship at Vizhinjam, India's first transshipment port. This event, inaugurated by Kerala's Chief Minister and attended by key officials, marks India's entry into global transshipment. The port, featuring state-of-the-art infrastructure and automation, handled the 300-meter-long container vessel San Fernando operated by Maersk, capable of 8,000-9,000 TEUs. Karan Adani, Managing Director of APSEZ, highlighted Vizhinjam's advanced container handling technology, positioning it as a critical player in international trade routes. The port is expected to significantly reduce India's reliance on foreign ports for transshipment, currently handling 75% of such cargo. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2188d554-067f-42b7-a0a5-c817895c5f83.pdf |
Shilpa Medicare Ltd. recently held a business update call on July 8, 2024, to discuss a significant milestone in their CDMO business. The company has partnered with Unicycive Therapeutics for the development and supply of Oxylanthanum Carbonate (OLC), a drug aimed at reducing hyperphosphatemia in kidney patients. |
Hindustan Copper Ltd. anticipates significant growth in copper demand in India, driven by sectors such as renewable energy, infrastructure, EV (Electric Vehicles) & transportation, and building & construction. The company expects double-digit growth in these sectors, aligning with India's aggressive urbanization and industrialization. For the current financial year, additional production is expected from the Eastern sector, with a capex target of Rs. 350 Crore, potentially exceeding this target. HCL is also planning fresh investments in the Rakha Mine through the appointment of an MDO. India's per capita refined copper consumption is currently 0.5 Kg, compared to the global average of 3.2 Kg, indicating substantial growth potential. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f73019f-f2f2-4d17-ace8-0df661ced43f.pdf |
Cyient Limited has announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary. This move aims to enhance Cyient's capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing. |
Kilburn Engineering Ltd. has announced the approval of a binding term sheet for the acquisition of a factory unit located at Plot No. B/78/1, M.I.D.C, Anand Nagar, Additional Ambernath Industrial Area, Ambernath (East) - 421 506, Thane, Maharashtra. The acquisition, valued at approximately Rs. 22 crores, includes land, plant, machinery, office building, work area/shed, amenities, and equipment. |
GLOBAL OFFSHORE SERVICES LTD. announced that on July 12, 2024, the Shares/Warrants Allotment Committee allotted 1,90,475 Equity Shares upon the conversion of warrants to the promoter. This decision was made during a meeting held on the same date. The allotment is part of the company's ongoing efforts to manage its equity and warrants effectively. The announcement was signed by A.C. Chandarana, the Company Secretary & President - Legal & Admin. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e4ac3924-6e26-411f-9ea4-656e7347c067.pdf |
AVG Logistics Ltd has secured a significant tender from UPSRTC for Express parcel delivery services, marking a strategic partnership aimed at enhancing logistics efficiency in Uttar Pradesh. The contract, valued at ₹**60 crore** over five years, involves utilizing space in 9,000 UPSRTC buses to streamline parcel delivery across urban and rural areas. This collaboration underscores AVG's commitment to providing reliable, fast, and cost-effective logistics solutions, contributing to the state's economic growth. |
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