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Table of Contents
1.New Work Order
Shri Bajrang Alliance Ltd has announced the approval of a Scheme of Amalgamation with its wholly-owned subsidiary, Popular Mercantile Private Limited. The appointed date for the scheme is set for April 1, 2024, subject to requisite approvals. The amalgamation aims to consolidate businesses, streamline the holding structure, and reduce operating and administrative costs. |
INDO-NATIONAL LTD. has announced the approval of a Scheme of Amalgamation involving the merger of its wholly-owned subsidiary, Helios Strategic Systems Ltd., into Indo National Ltd. This decision was made by the Board of Directors on July 15, 2024. The amalgamation is subject to necessary statutory and regulatory approvals as per Sections 230 to 234 of the Companies Act, 2013. Detailed disclosures required under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, are enclosed in Annexure - I. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2a6ea9ec-bec5-4036-8003-3ef3a1fb9682.pdf |
Shri Bajrang Alliance Ltd has announced the approval of a Scheme of Amalgamation with its wholly-owned subsidiary, Popular Mercantile Private Limited, effective from April 1, 2024. The merger aims to consolidate businesses, streamline the holding structure, and reduce regulatory compliances and operating costs. The entire assets and liabilities of Popular will be transferred to Shri Bajrang Alliance Ltd at their carrying values, and no new shares will be issued as the share capital of Popular is already held by the parent company. The merger is expected to leverage synergies and enhance management efficiency. |
Rail Vikas Nigam Limited has secured a significant contract from East Coast Railway for the provision of an Automatic Block Signaling system with dual MSDAC and alterations in existing stations. The project covers the Jakhapura-Nergundi, Khurda Road-Bhusundpur, and Bhusundpur-Golanthra sections. The total contract value is Rs. 160,08,57,055.35. The order is to be executed within 24 months and involves both domestic and international aspects. (BSE, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c1821eb5-e33c-49b6-9d3d-8953a2e80b46.pdf |
Waaree Renewable Technologies Ltd has recently been awarded a Letter of Award (LOA) for a 30 MW DC solar power project in Borivali (E), Mumbai, India (400 066. Maharashtra, INDIA). The project is valued at approximately INR 90.29 crore and is expected to be completed by the financial year 2024-25 (400 066. Maharashtra, INDIA). The company, a subsidiary of Waaree Energies Limited, specializes in Engineering, Procurement, and Construction (EPC) works for solar power projects on a turnkey basis. (Borivali (E), Mumbai 400 066. Maharashtra INDIA, Borivali (E) 400 066 Mumbai Maharashtra INDIA, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/91ff64d3-45db-4553-abf0-9eac8507070b.pdf |
Shashijit Infraprojects Ltd has received a communication for the construction of an Industrial Factory Building valued at approximately INR 210-230 million. The project involves civil construction work for Phase-I, awarded by a leading domestic manufacturer of polyester yarn in India. The contract is expected to be executed within 12-15 months. There is no promoter or related party interest in the entity awarding the contract, ensuring the transaction is conducted at arm's length. https://www.bseindia.com/xml-data/corpfiling/AttachLive/29f7e49d-8abf-4a48-8df9-f23b04190b47.pdf |
APLAB LTD. has been declared L2 (2nd lowest) in a tender by a large Public Sector bank on the GeM Portal for the supply, installation, and maintenance of self-service passbook printing kiosks. The company is eligible for 40% of the order, amounting to Rs. 48.00 crores over 7 years. The supply of kiosks will occur over 2 years, with the Total Cost of Ownership (TCO) including maintenance and consumables for 7 years. The total order value over 7 years is expected to be approximately Rs. 57 crores. If awarded, the impact will exceed 2% of Aplab’s turnover for the financial year 2024-25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/60107e2f-cb19-4ed4-a660-e8c0ec2884bc.pdf |
POCL Enterprises Ltd has been recognized for its outstanding performance in the non-ferrous metals sector. The company received the Star Performer award in the Medium Enterprise category for the year 2019-20 and in the Small Enterprise category for the year 2020-21 from the Engineering Export Promotion Council (EEPC) India. The awards were presented at the 44th & 45th EEPC India Southern Region Export Award Ceremony held in Puducherry. This recognition highlights POCL Enterprises Ltd's significant international presence and performance in the lead metal industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/55d711d7-ad0d-4817-a6cd-336175539c77.pdf |
2. Business Update:DJ Mediaprint & Logistics Ltd announced several key updates following their 15th Annual General Meeting held on July 13, 2024. The company approved a final dividend of Re. 0.20 per equity share for the financial year ending March 31, 2024. They also increased their authorized share capital from Rs. 15 crores to Rs. 50 crores and approved a bonus issue in the ratio of 2:1. Additionally, the appointments of Mr. Ganesh Nathuram Dhonde and Ms. Nirmala Patwa as Independent Directors were regularized for a term of five years. The continuation of Mr. Devadas Alva and Mr. Ravinchandra Rama Sanil as directors was ratified, despite their ages exceeding 70 years during their tenure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b49524ec-cf9a-4617-9bc7-1e31fec6c3af.pdf |
Antony Waste Handling Cell Ltd reported robust financial performance for Q1 FY25, driven by a significant 11% year-on-year increase in core revenues. The Waste to Energy (WtE) plant in Pimpri achieved an impressive Plant Load Factor (PLF) of 89%, up from 71% in the previous quarter. The company handled approximately 1.18 million tonnes of waste, marking a 6% year-on-year growth. Notably, the sale of Refuse Derived Fuel (RDF) surged by 23% to 34,000 tonnes, and compost sales increased to 6,000 tonnes from 2,800 tonnes in the same period last year. The company remains committed to environmental sustainability and anticipates launching a Construction and Debris processing project in Mumbai. (**Antony Waste Handling Cell Ltd_7/15/2024_81**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a4547097-e2a1-4fa0-a4ce-398e6a40b44d.pdf |
Balkrishna Industries Ltd. has announced the completion of its Mould manufacturing plant at Bhuj, with a capital expenditure of ₹**300 crores**. This project, initially communicated on October 21, 2023, was scheduled to be completed by the end of Q1 FY 2024-25. The company has successfully met this timeline, enhancing its manufacturing capabilities. This development is a significant milestone for Balkrishna Industries Ltd., reflecting its commitment to expanding its production infrastructure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0bd280d1-1218-40ed-bd14-75301452e3a7.pdf |
Scanpoint Geomatics Ltd. held a Board of Directors meeting on July 15, 2024. During the meeting, several key decisions were made: |
Scanpoint Geomatics Ltd. held a Board of Directors meeting on July 15, 2024. During the meeting, several key decisions were made. The Board approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2024. They also recommended increasing the authorized share capital from ₹35 crores to ₹125 crores. The company proposed to alter the main objects and change its name to either SGL Resources Limited or SGL Enterprise Limited, subject to shareholder approval. Additionally, the registered office address was changed within the local limits of Ahmedabad. A scrutinizer was appointed to oversee the e-voting process. https://www.bseindia.com/xml-data/corpfiling/AttachLive/74cc99a5-714e-4a75-9207-2794c2f1485a.pdf |
Hindustan Unilever Ltd. has announced the divestment of its Water Purification business under the brand Pureit to A. O. Smith India Water Products Private Limited. The transaction, approved on 15th July 2024, involves the sale of trademarks, copyrights, and other intellectual properties associated with Pureit. The business, which contributed Rs 293 Cr to HUL's turnover in FY 2023-24, is being sold for an enterprise value of USD 72 million. The completion of the transaction is expected within three months, subject to customary closing conditions. This strategic move aligns with HUL's focus on its core categories. https://www.bseindia.com/xml-data/corpfiling/AttachLive/da2eed60-a55e-4c09-af05-e7374097ffce.pdf |
3. FDA InspectionUNICHEM LABORATORIES LTD. recently underwent an inspection by the United States Food and Drug Administration (USFDA) at its Goa formulation facility from July 8, 2024, to July 15, 2024. The inspection concluded with five procedural observations. None of these observations pertain to data integrity. The company is committed to addressing these observations within the stipulated 15 working days. Importantly, these observations do not affect business continuity or the company's supply chain to the US market. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8144dfaa-e26a-489a-bc86-ff82212763eb.pdf |
Starlineps Enterprises Ltd has announced the acquisition of a commercial property located at Office No. 805, 8th Floor, Solaris Bay View, Piplod, Surat – 395007, Gujarat. The purchase agreement with H.R. Heights, a partnership firm with no prior relationship to the company, was executed on July 15, 2024. The property, which includes a municipal built-up area of 78.31 square meters and a carpet area of 76.70 square meters, was acquired for Rs. 49,15,000 using the company's own funds. This transaction does not fall within related party transactions and has no impact on the management or control of the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/60fa4af6-2f64-4191-abe5-f779788be7ec.pdf |
4. Investor PresentationGANESH HOUSING CORPORATION LTD. presented its Q1 FY25 Earnings Presentation, showcasing key financial highlights. The company reported a 21% decline in revenue to INR 2,206 Mn compared to the previous quarter. EBITDA grew by 2% to INR 1,556 Mn with EBITDA margins reaching 70.5% in Q1FY25. Profit After Tax (PAT) increased by 1% to INR 1,138 Mn, expanding PAT margins to 51.6% in the same period. The company highlighted ongoing projects and future growth prospects, emphasizing its strong capital structure and strategic partnerships for continued success(Street et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/2c385c1a-eba4-4f39-b0ee-cabb90d3d089.pdf |
HDFC Life Insurance Company Ltd reported robust financial results for the quarter ended June 30, 2024. The company achieved significant growth in various key metrics, including an 18% growth in Value of New Business (VNB) and a 31% year-on-year growth in individual Annual Premium Equivalent (APE). The Profit After Tax increased by 15% to Rs 478 crore, and the Assets Under Management (AUM) surpassed Rs 3 lakh crore with a growth of 22%. |
HDFC Asset Management Company Ltd reported a net profit of ₹**6,039 million** for Q1 FY25, marking a 26% increase over the same period last year. The company's QAAUM for the quarter ended June 30, 2024, stood at ₹**6,716 billion**, with a market share of 11.4%. Actively managed equity-oriented QAAUM reached ₹**4,072 billion**, capturing a 12.9% market share. The company's revenue from operations was ₹**7,752 million**, and the operating profit was ₹**5,793 million**, reflecting a 35% and 40% increase, respectively, compared to Q1 FY24. HDFC serves 10.7 million unique investors through 18.6 million live accounts and operates 255 branches across India. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ecec2762-349b-42f6-a47f-c5935e28c22e.pdf |
6. Press releaseAngel One Ltd reported robust financial performance for Q1 '25, showcasing significant growth across various metrics. The company's total client base increased by 11.2% QoQ to 24.7 million, while the NSE active client base grew by 9.8% QoQ to 6.7 million. Despite a 1.9% QoQ decline in the number of orders to 462 million, total net income rose by 4.9% QoQ to ₹**11.1 billion**. The earnings before depreciation, amortization, and tax (EBDAT) stood at ₹**4.2 billion**, reflecting an 11.8% QoQ decrease. The company's share in India's demat accounts increased to 15.2%, and its share in retail overall equity turnover reached 18.9%. Angel One's strategic investments in brand visibility, particularly through IPL sponsorships, significantly enhanced its market presence and client engagement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/06d01fbc-b45d-4627-9c99-2822aa7cd86b.pdf |
Styrenix Performance Materials Ltd has demonstrated robust financial performance, with a significant increase in sales revenue to INR 698.7 Cr for the quarter ending June 2024, marking a 28.5% YoY growth. The company specializes in ABS (Acrylonitrile Butadiene Styrene) and SAN (Styrene Acrylonitrile) polymers, with a strong presence in the automotive and household sectors. It boasts a production capacity of 100 KTPA for ABS and SAN at its Moxi and Katol plants, respectively. The company is led by an experienced management team, including Chairman Rakesh S. Agrawal and Managing Director Rahul R. Agrawal, and is committed to sustainability and safety, adhering to ISO 14001:2015 standards. https://www.bseindia.com/xml-data/corpfiling/AttachLive/24553e87-eee2-46c0-a23f-d457e6990573.pdf |
Jio Financial Services Ltd: Q1 FY25 Financial Highlights |
Kellton Tech Solutions Ltd. reported a total revenue of INR 2,624 million for Q1 FY25, marking a 5.2% YoY increase. The company is located at iLABS Centre, Udyog Vihar, Phase III, Gurugram-122016, Haryana, India. |
DEN Networks Ltd, a leading Cable TV Distribution company in India, incorporated in 2007, reported zero gross debt and healthy cash balances of Rs. 3,009 crores for Q1 FY24-25. The company's PAT stood at Rs. 43 crores. The consolidated total revenue was Rs. 248 crores, with an EBITDA of Rs. 28 crores. DEN Broadband Limited, a wholly-owned subsidiary of DEN Networks, provides fixed broadband services in 41 cities/towns. The company's balance sheet highlights include a net worth of Rs. 3,465 crores and cash & cash equivalents of Rs. 3,009 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f358669-60e4-4174-911b-9372f05bc890.pdf |
Andhra Paper Ltd, a leading integrated paper and pulp manufacturer in Andhra Pradesh, India, established in 1964, has a production capacity of 255,550 TPA of paper and 200,000 TPA of virgin pulp. The company's diverse product portfolio includes writing, printing, industrial, and copier papers, with an 8% export share. Recently, the company invested ₹520 crores for equipment upgrades and ₹270 crores for a new tissue paper manufacturing plant. Andhra Paper has a robust distribution network with 53 dealers and 7 zonal offices across India, serving 11 countries globally. Financial highlights for FY24 show a revenue of ₹1,896 crores, EBITDA of ₹526 crores, and a PAT of ₹340 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6592f31a-3fdf-4612-9a60-a173535ade0a.pdf |
TATA STEEL LTD. presented at its 117th Annual General Meeting on July 15, 2024, highlighting its commitment to sustainability and growth. The company aims for Net Zero emissions by 2045, with initiatives like carbon capture and the use of Electric Arc Furnaces (EAF). Over the last 15 years, Tata Steel has significantly improved safety, reducing the Lost Time Injury Frequency Rate by 59%. The company has impacted 44 lakh+ lives through its CSR activities, spending over ₹1,850 crores since FY20. |
Bank of Maharashtra reported significant financial growth for the quarter ending June 30, 2024. The bank's net profit surged by 46.64% YoY, reaching ₹1,293 crore. Operating profit increased by 23.14% to ₹2,294 crore. Total business grew by 13.43% YoY to ₹4,76,447 crore. |
Maiden Forgings Ltd, a company specialized in manufacturing Bright Steel bars and wires, has over 35 years of experience. They have a strong focus on quality and innovation, boasting a state-of-the-art facility and a commitment to customer satisfaction. Since its inception in 1988, the company has achieved significant milestones, including expansions, awards, and acquisitions. Maiden Forgings Ltd has key financial ratios showcasing its performance and a strong hold on top-tier auto and engineering suppliers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/328884a5-4929-4407-bc28-ee40c9e92235.pdf |
Indiabulls Housing Finance Ltd announced the outcome of its Securities Issuance and Investment Committee meeting held on July 15, 2024. The committee approved the final call on partly paid-up equity shares at ₹**100** per share, including a premium of ₹**98.67** per share. The record date for ascertaining the holders of these shares is set for July 22, 2024. Further details will be included in the final call notice sent to eligible shareholders. The meeting commenced at 5:30 p.m. and concluded at 6:15 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3df4fcd7-cd64-4972-9b68-5b77bee835f3.pdf |
Suraj Industries Ltd. has proposed a Rights Issue of up to 29,97,375 partly paid-up equity shares with a face value of Rs. 10 each at an issue price of Rs. 65 per share, aggregating up to Rs. 1,948.29 lakhs. The rights issue is offered in a ratio of 7 rights equity shares for every 30 fully paid-up equity shares held by eligible shareholders as of the record date, July 10, 2024. The net proceeds are intended for repayment of unsecured loans (Rs. 750 lakhs), a loan to its subsidiary Carya Chemicals & Fertilizers Pvt. Ltd. (Rs. 750 lakhs), and general corporate purposes (Rs. 418.29 lakhs). The company is primarily engaged in trading edible oils and bottling liquor, with significant operations in Rajasthan. https://www.bseindia.com/xml-data/corpfiling/AttachLive/be658ab7-7e30-4cd8-bb77-bc6f48d57158.pdf |
Tierra Agrotech Ltd has announced the merger of its wholly-owned subsidiary, Tierra Seed Science Private Limited, into the parent company. This merger, approved by the Board of Directors on July 15, 2024, aims to integrate and streamline operations, enhancing efficiency and reducing costs. The combined entity will benefit from economies of scale, reduced overheads, and a more effective utilization of resources. Notably, there will be no cash or share consideration involved, as the subsidiary's equity shares will be canceled without issuing new shares. The shareholding pattern of Tierra Agrotech Ltd will remain unchanged post-merger. https://www.bseindia.com/xml-data/corpfiling/AttachLive/90f87d1e-154f-4b23-888e-c8608d431a53.pdf |
Tierra Agrotech Ltd has announced several key decisions from its recent board meeting. The company approved the un-audited standalone and consolidated financial results for the quarter ending June 30, 2024. Additionally, the reappointment of Mr. Vijay Kumar Deekonda as Whole Time Director for a term of three years starting December 27, 2024, was confirmed. The 11th Annual General Meeting (AGM) is scheduled for August 14, 2024, at 10:00 A.M. via virtual means. Furthermore, the merger of Tierra Seed Science Private Limited, a wholly-owned subsidiary, into Tierra Agrotech Limited was approved, aiming to streamline operations and enhance efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b94bbd6-98dc-4f78-b5f3-ef35d039bdc2.pdf |
Mahanagar Telephone Nigam Ltd. (MTNL), a key player in the Indian telecommunications sector, is prominently featured on the BSE Ltd. (Bombay Stock Exchange) platform. The stock is actively tracked within the S&P BSE SENSEX index, providing real-time updates on market performance. Investors can access various tools such as the S&P BSE Sensex Heat Map, which highlights gainers, losers, and volume toppers. Additionally, the platform offers links to Pre Open, Equity Market Watch, Derivatives Market Watch, and Currency Market Watch for comprehensive market insights. For further details, users are encouraged to visit the BSE website and utilize the provided resources for the latest corporate announcements and trading summaries. (BSE Ltd. (Bombay Stock Exchange) | Live Stock Market Updates for S&P BSE SENSEX, Stock Quotes & Corporate Information, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ |
Royal Sense Ltd has announced the launch of its new product, the STERGIC LUMIA NEBULIZER, on 15th July 2024. This chronic care medical device is designed to aerosolize medication for respiratory conditions like asthma. |
Jaysynth Orgochem Limited held a Board of Directors meeting on 15th July 2024. They approved the alteration of the Object clause of the Memorandum of Association, subject to member approval. They also appointed M/s. KDA & Associates as the scrutinizer for the Postal Ballot process and approved the Notice of Postal Ballot. The meeting commenced at 12:00 Noon and concluded at 1:00 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dde581a0-ccdf-457f-af97-bd23e9961f2d.pdf |
PC Jeweller Ltd. has announced that IndusInd Bank Limited has accepted its One Time Settlement (OTS) proposal as of July 15, 2024. The OTS aims to settle the company's outstanding dues through a combination of cash and equity components. Additionally, the settlement terms include the release of securities and mortgaged properties. This information is disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/92e98b7c-9793-4e48-bba1-f4d4472ebfa9.pdf |
VIKALP SECURITIES LTD. has recently completed the dispatch of the Letter of Offer to all Public Shareholders holding Equity Shares on the identified date of July 02, 2024. Public Shareholders can participate in the Open Offer by tendering their Equity Shares through their Selling Brokers. The offer is not conditional upon any minimum level of acceptance, and there have been no material updates since the Public Announcement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5B5ABFD9-5A15-473E-992B-9169E151D888-130814.pdf |
SUNCITY SYNTHETICS LTD. is involved in an open offer for the acquisition of up to 12,85,908 Offer Shares, representing 26.00% of the Voting Share Capital. The offer price is set at ?7.00 per OfferShare. |
VIKALP SECURITIES LTD. is undergoing an open offer to acquire up to 7,93,500 equity shares at a price of Rs. 25.00 each, representing 26.00% of the total paid-up, issued, and subscribed capital. The offer is made by Deepakbhai Patel, Kamuben Patel, and Priyam Shah. Interactive Financial Services Limited is the appointed "Manager to the Offer" for this acquisition. The shares of VIKALP SECURITIES LTD. are listed on BSE Limited and Calcutta Stock Exchange. The Offer Price remains at Rs. 25.00 per share, with no revision. The Committee of Independent Directors has recommended the offer as fair and reasonable. (BSE Limited Corporate Relations Department, Phiroze Jejeebhoy Towers, BSE Limited, Corporate Relations Department, Phiroze Jejeebhoy Towers & Dalal Street, Fort, Mumbai --400 001. Dalal Street -400 001 Fort Mumbai, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a419ac51-1f47-48af-9ea5-0b5bb9262d67.pdf |
SWADESHI INDUSTRIES LEASING CO.LTD. is currently involved in an open offer for the acquisition of up to 28,12,667 equity shares. This represents 26% of the total equity and voting share capital. The offer price for each equity share is Rs. 2. The offer is payable in cash. |
INTEGRA SWITCHGEAR Ltd. is undergoing an open offer for the acquisition of up to 7,49,216 equity shares at a price of Rs. 12 per share, representing 26.00% of the total equity and voting share capital. The offer price is Rs. 12.00 per equity share payable in cash. The Committee of Independent Directors of the company has recommended this offer, and there has been no competitive bid so far. The Letter of Offer was dispatched to all public shareholders by July 9, 2024. Eligible persons can participate in the offer through their respective brokers: J B Nagar, 804, Meadows, Sahar Plaza Complex, Andheri Kurla Road, Andheri East, Mumbai -400059. https://www.bseindia.com/xml-data/corpfiling/AttachLive/D0A5749E-96E4-4F12-B0E9-096839ED318F-103957.pdf |
5. Preferential Issue:GR Cables Ltd. has scheduled a Board Meeting on July 20, 2024, to discuss key matters including: |
Marble City India Ltd has scheduled a Board of Directors meeting on July 19, 2024, at 05:00 PM to discuss raising funds through the issuance of fresh equity shares or convertible warrants on a preferential basis. This meeting will also consider conducting an Extraordinary General Meeting or Postal Ballot to seek shareholder approval for the proposals. The trading window for dealing in the company's securities has been closed since July 1, 2024, in accordance with the company's Code of Conduct for Prevention of Insider Trading. Further details and updates will be available on the company's website and the Bombay Stock Exchange website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2f31264-7eb6-4b13-84f3-c06300eb6e70.pdf |
Harig Crankshafts Ltd. has undergone significant capital restructuring as per the Resolution Plan approved by the Hon'ble NCLT, Allahabad Bench on April 17, 2024. The restructuring includes the consolidation of equity shares, changing the authorized share capital from 50,00,00,000 shares of INR 1 each to 5,00,00,000 shares of INR 10 each, maintaining the total at INR 50,0,0,00,000. The entire shareholding of the erstwhile promoters and public shareholders has been excemptใน Архив---финансы и бизнес wishes endured (extinguished) without any payout. Subsequently, 1,05,0,00,000 new equity shares of INR 10 each were issued, with 99,75,000 shares allotted to Palika Towns LLP, the new promoter, and 5,25,000 shares to eligible public shareholders. This restructuring reduces the paid-up share capital from INR 39,43,89,790 to INR 10,50,00,000. Additionally, Ms. Komal Agarwal has been appointed as the Company Secretary and Compliance Officer effective July 15, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c9b1c630-eae8-4dc9-be3a-b7547f44117d.pdf |
Spice Islands Industries Ltd has scheduled a Board Meeting on July 23, 2024, at 11:00 A.M. to consider and approve the Unaudited Financial Results for the 1st quarter ending June 30, 2024. additionally, the Board will discuss a proposal for fund raising through the issuance of equity shares, convertible warrants, or other instruments via preferential issue, pending shareholder and regulatory approvals. The company has also announced that the "Trading Window" for dealing in its equity shares will remain closed for all Promoters and Designated Persons from July 1, 2024, until 48 hours after the financial results are declared. https://www.bseindia.com/xml-data/corpfiling/AttachLive/26a2ba8f-55ce-4403-aa25-5a8311c0252c.pdf |
GLOBAL OFFSHORE SERVICES LIMITED announced on July 15, 2024, that the Shares / Warrants Allotment Committee allotted 1,78,580 Equity Shares upon conversion of Warrants to Promoter. The letter was signed by A.C. Chandarana, the Company Secretary & President - Legal & Admin of GLOBAL OFFSHORE SERVICES LIMITED. For further information, refer to the document provided. https://www.bseindia.com/xml-data/corpfiling/AttachLive/766f8d76-61db-4abf-bc1c-0f7fb15ac2cd.pdf |
Angel One Ltd announced its unaudited consolidated financial results for Q1 FY25, highlighting a total income of ₹14,101 million, a 4% increase from Q4 FY24. However, EBDAT("[Earnings Before Depreciation, Amortization, and Taxes]") and PAT ("Profit after Taxes) saw declines of 12% and 14%, respectively, with EBDAT at ₹4,194 million and PAT at ₹2,927 million. The company added 2.6 million clients, growing its total client base to 24.7 million. And maintained a high average daily turnover of ₹43.8 trillion. |
Kellton Tech Solutions Ltd. reported a 5.2% year-on-year revenue growth for Q1 FY25, reaching ₹2,624 million(Reddy, n.d.). The company achieved an EBITDA of ₹321 million with a margin of 12.2%, and a net profit of ₹199 million(Reddy, n.d.). |
Manaksia Coated Metals & Industries Ltd has achieved a significant milestone by being recognized as a Three Star Export House by the Ministry of Commerce & Industry, Government of India, under the Foreign Trade Policy, 2023. This upgrade from its previous One Star status underscores the company's commitment to excellence and international trade capabilities. |
Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), reported its Q1 FY 2024-25 results with an EBITDA margin of 42%, marking a 300-basis points increase over the previous year. Despite a muted revenue performance, BHL's revenue for the quarter ending June 30, 2024, was INR 24.35 Cr, compared to INR 26.11 Cr in the same period last year. The Profit After Tax stood at INR 6.43 Cr, up from INR 6.30 Cr. |
Lupin Ltd. has announced the divestiture of its U.S. Commercial Women’s Health Specialty Business, including Solosec®, to Evofem Biosciences, Inc. This strategic move aligns with Lupin's plan to focus on respiratory and neurological diseases. The deal could potentially bring Lupin up to USD $84 million based on future milestones. Solosec® is an FDA-approved single-dose antimicrobial agent for treating bacterial vaginosis and trichomoniasis. This divestiture allows Evofem to leverage its commercial infrastructure and physician relationships to maximize the growth potential of Solosec®. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f6f88b8-e358-4215-8ebd-d85c5a2b41b9.pdf |
Century Textiles & Industries Ltd. announced a significant development through its wholly-owned subsidiary, Birla Estates Private Limited. On July 15, 2024, Birla Estates secured a prime 5-acre land parcel in Sector 71, Gurugram. This acquisition has a development potential of approximately 1 million square feet and an estimated revenue generation of over INR 1400 crore. |
NLC India Ltd has announced the successful bid for the Machhakata (Revised) Coal Mine in Odisha, with a coal reserve of approximately 1.38 billion tonnes and a peak-rated capacity of 30 million tonnes per annum. This marks the second commercial coal mine block won by the company, following the North Dhadu Coal Block. The coal produced will enhance India's energy security and support alternative energy production methods like gasification. The Coal Mine Development and Production Agreement (CMDPA) was executed on July 15, 2024, at Shastri Bhavan, New Delhi, with key officials from NLC India and the Ministry of Coal in attendance. (**NLCINDIA To BSE Ltd.** Phiroze JeeJeebhoy Towers, Dalal Street, Mumbai -400 001. Dalal Street NLCINDIA To BSE Ltd. Phiroze JeeJeebhoy Towers Mumbai -400 001, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a4e5e34d-36cf-44da-8e01-e9e3065eeefc.pdf |
Bank of Maharashtra financial results for the quarter ended 30th June 2024 show significant growth and improvement in various key areas. Total business increased by 13.43% to ₹476,447 crore, with total deposits up by 9.43% to ₹267,416 crore. |
Hindustan Zinc Limited has released its 7th Tax Transparency Report, highlighting its substantial contributions to the national exchequer, with a total of INR 77,803 Crores over the past five years. The company's commitment to nation-building is evident through its average annual contribution of approximately INR 3,250 Crores to the State of Rajasthan. The report details various tax contributions, including Government Royalties, Taxes on Income**, Corporate Dividend to Government of India, and Indirect Taxes, totaling significant amounts over the past five years. (HINDUSTAN ZINC LTD._7/15/2024_66, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2467853-caf6-497b-917c-551cbf704b01.pdf |
Affordable Robotic & Automation Ltd has upgraded its experience zone with exciting products like Autonomous Reach Truck, Autonomous counterbalanced forklift AMR (Automated Mobile Robot), Herculas, Autonomous pallet truck, and Zeus. Investors are invited to visit for live demonstrations this week. The company is located at Gat No 1209, Village Wadaki, Tal Haveli, Pune-Saswad Road, Pune 412308, Maharashtra, India. For more information, visit their website at <http://www.arapl.co.in>(BSE: Bharti Securities Limited, Phiroze Jeejeebhoy Towers, BSE Limited, Dalal Street, Fort, Mumbai -400 001, Dalal Street Mumbai -400 001, Fort, n.d>). https://www.bseindia.com/xml-data/corpfiling/AttachLive/cec8f86b-8d8e-4163-b017-6435d98dcf8c.pdf |
THOMAS COOK (INDIA) LTD. recently announced through a press release the expansion of its subsidiary, Sterling Holiday Resorts Limited, with the opening of Sterling Aravalli Udaipur. This is the 3rd resort in Udaipur and the 6th in Rajasthan. |
Go Digit General Insurance Ltd reported impressive growth numbers for FY23-24, with a Claims Settlement Ratio of 97%. They handled 1.3 million calls with 92% first-time resolutions. The company achieved a Gross Written Premium of $1.1 billion (₹90.2 billion), selling 11.1 million policies and serving 47.1 million customers. Their motor market share rose to 6%, with an overall market share of 3.1%. (Go Digit General Insurance Ltd\_7/15/2024\_74, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/45272223-7220-4e43-b3cb-39ca67e72616.pdf |
Ashok Leyland Ltd. secured a significant order from Maharashtra State Road Transport Corporation for 2104 fully built buses, enhancing its position in the bus segment. The order, valued at approximately Rs. 981.45 Crores, includes buses compliant with the latest standards and advanced technology like iGEN6 BS VI OBD II. This order reinforces Ashok Leyland's leading position in the Indian and global bus market, showcasing its commitment to innovation and customer satisfaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9cefce04-dd10-4219-b5e6-d771e40587fa.pdf |
Mishtann Foods Ltd. reported robust earnings for Q1FY25, with a 30% year-over-year increase in revenue, reaching Rs. 382.67 crore. The company's EBITDA stood at Rs. 72.69 crore, maintaining stability from the previous year, while Profit After Tax (PAT) rose by 3% to Rs. 71.30 crore. This growth was driven by strong demand and successful geographic expansion, including contributions from wholly owned subsidiaries. Mishtann Foods is also expanding into sustainable sectors like grain-based ethanol and electric vehicle components, reflecting its commitment to sustainability and environmental conservation. The company is strategically positioned to benefit from a 13% rise in India's Basmati rice exports, particularly to West Asian markets. (Mishtann Foods Ltd._7/15/2024_80, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/63903dd6-5ea3-47de-a619-3f5f541d4472.pdf |
Zen Technologies Ltd. has introduced AI-powered robots and unveiled four innovative products for the global defense market. These products include: |
SRM Contractors Limited has secured a new EPC project with NHAI for Rs 278.48 crore. The project involves the upgradation and strengthening of the Nashri-Chenani section of NH-244 in Jammu and Kashmir. The project is to be completed in 24 months. The company has closed its trading window in compliance with insider trading regulations. (SRM Contractors Ltd._7/15/2024_79, n.d._) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9fbc8f03-b30a-4191-93f7-d2e7fb2f9b94.pdf |
7. Credit RatingSpandana Sphoorty Financial Ltd has received an upgraded credit rating from ICRA Limited, moving to [ICRA]A+ (Stable) from [ICRA]A, with the outlook revised to Stable. This upgrade reflects the company's improved profitability and asset quality in FY2024. The company's net profitability (RoMA) increased to 4.1% from 0.1% in FY2023. The company's gross stage 3 assets improved to 1.7% as of March 2024, down from 2.2% in March 2023. SSFL's capital adequacy ratio stands at 32.0%, with a consolidated managed gearing of 2.8x. The company's consolidated assets under management (AUM) grew by 41.0% year-on-year to Rs. 11,973 crore as of March 2024, with a diversified portfolio across 20 states and union territories. https://www.bseindia.com/xml-data/corpfiling/AttachLive/81b7be67-b1f9-4f1e-a8f9-3e34441d0f5b.pdf |
Surya Roshni Ltd. has retained its short-term rating of A1+ for its bank facilities and commercial paper worth Rs. 100 crore, as per ICRA's letter dated July 15, 2024. This rating is valid until July 11, 2025. The rating reflects the company's strong credit profile and financial stability. Any changes in the terms or size of the rated facilities will necessitate a revalidation of the rating. https://www.bseindia.com/xml-data/corpfiling/AttachLive/65bb6931-1d59-43d5-b938-bee8480dfb27.pdf |
Hazoor Multi Projects Ltd. has received a credit rating update from Infomerics Valuation and Rating Private Limited. The company has been assigned a Long-Term Fund Based Bank Facilities Cash Credit rating of IVR BBB-/Stable for Rs. 30.00 Crore and a Short-Term Non-Fund Based Bank Facility rating of IVR A3 for Rs. 70.00 Crore. This rating reflects the company's operational and financial performance for FY2024. The ratings are valid for one year from the date of the rating committee's decision on July 11, 2025. The company is required to provide regular updates and performance data to maintain the rating. https://www.bseindia.com/xml-data/corpfiling/AttachLive/be3b4e08-3664-4c62-86aa-57e0670619d6.pdf |
JNK India Ltd has announced a significant order from JNK Global Co., Ltd., Korea for a Regeneration Furnace for a refinery project in Oklahoma, USA. The order was received on July 15, 2024. This order marks the company's entry into the US market. The project is classified as "Significant" with a value between ₹0 - 50 Cr. The delivery schedule for the project is set for June 18, 2025. JNK Global, a promoter of JNK India Ltd, is involved in this transaction, which is conducted at arm's length. Mr. Bang Hee Kim, Director of JNK Global, serves as a Non-executive Director on the Board of JNK India Ltd, with no potential conflict of interest arising from this transaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/30f7399d-e091-446e-b3db-dca15a28858a.pdf |
8. ResignationsWhite Organic Retail Ltd announced the resignation of its Chief Financial Officer, Mr. Phani Raju Kothapalli, effective from the close of business hours on July 15, 2024. The resignation is attributed to personal growth opportunities. This change was communicated to the General Manager of Listing Operations at BSE Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed the necessary details and the resignation letter in their official communication. https://www.bseindia.com/xml-data/corpfiling/AttachLive/686fece3-fda5-4dd8-be40-bd952217c795.pdf |
Sarda Proteins Ltd. announced the resignation of its Chief Financial Officer (CFO), Mrs. Shipra Gandhi, effective from the closure of business hours on July 15, 2024. The resignation was formally communicated to BSE Limited and other relevant authorities as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has attached the necessary details as required under the regulations in Annexure-A. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bc60cc59-5e2e-48b0-967e-330844cbaca2.pdf |
Golkonda Aluminium Extrusions Ltd.-$ has announced the resignation of its statutory auditor, M/s SVP Associates, effective from 15th July, 2024. The resignation was communicated through a letter dated the same day. |
Harig Crankshafts Ltd. has undergone significant capital restructuring as per the Resolution Plan approved by the Hon'ble NCLT, Allahabad Bench on April 17, 2024. The restructuring includes the consolidation of the face value of equity shares from INR 1/- to INR 10/-, reducing the authorized share capital from 50,00,00,000 shares to 5,00,00,000 shares. The entire shareholding of the erstwhile promoters and public shareholders has been extinguished without any payout. |
Harig Crankshafts Ltd. announced significant changes following the Board of Directors meeting on July 15, 2024. The company approved the consolidation of its authorized share capital from 50,00,00,000 equity shares of INR 1 each to 5,00,00,000 equity shares of INR 10 each, maintaining the total value at INR 50,00,00,000. Additionally, the entire shareholding of both promoters and public shareholders as of July 12, 2024, was extinguished without any payout. |
Harig Crankshafts Ltd. has undergone significant capital restructuring as per the Resolution Plan approved by the Hon'ble NCLT, Allahabad Bench on April 17, 2024. The authorized share capital has been consolidated from 50,00,00,000 equity shares of INR 1 each to 5,00,00,000 equity shares of INR 10 each, maintaining the total at INR 50,0,00,000. The entire shareholding of the erstwhile promoters and public shareholders has been extinguished without any payout. Subsequently, 1,05,00,000 equity shares of INR 10 each have been issued. Palika Towns LLP has been allotted 99,75,000 shares, making it the new promoter. Eligible public shareholders have been allotted 5,25,000 shares. The company's paid-up equity share capital now stands at INR 10,50,0,000. Ms. Komal Agarwal has been appointed as the Company Secretary and Compliance Officer effective July 15, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a6d7d765-898d-4f0c-83df-cda8476a706d.pdf |
9. Rights IssueIEL Ltd has scheduled a Board of Directors meeting on Monday, July 22, 2024, to discuss and approve several key matters. The agenda includes the approval of the Un-Audited Standalone Financial Results for the quarter ending June 30, 2024. Additionally, the board will consider raising funds through a Rights Issue of Equity Shares with a face value of Re. 1/- each to existing shareholders. A Right Issue Committee will be constituted, and intermediaries will be appointed for this purpose. The trading window for dealing in the company's equity shares has been closed since June 26, 2024, and will remain closed until 48 hours after the board meeting concludes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6367126e-509f-41d0-b351-33e1163ebd66.pdf |
Aastamangalam Finance Ltd has scheduled a Board of Directors meeting on Thursday, 18 July, 2024. This meeting, in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be held at the company's registered office. The agenda includes discussing the Rights Issue and any other matters with the Chairman's permission. https://www.bseindia.com/xml-data/corpfiling/AttachLive/996ec2ed-3d81-4d88-b9b2-a1ef305fbf72.pdf |
Hindalco Industries Limited has recently announced the sale of land in Kalwa, Maharashtra to Ekamaya Properties Private Limited, a subsidiary of Birla Estates Private Limited. The transaction is valued at approximately ₹**595 Crores** to be received in multiple tranches over time and 1.5% of the Sales Revenue. The sale is not considered a related party transaction, and the expected completion of the sale is around 3 months from the date of intimation. |
CESC Limited has recently announced a significant development with Purvah Green Power Private Limited signing a framework agreement with Suzlon Energy Limited for wind capacity projects over the next 2-4 years. This information was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement includes supply, EPC, and operations and maintenance of wind turbines. |
GTPL Hathway Ltd reported its Q1 FY '25 financial results, highlighting a 9% YoY growth in total revenue to INR 8,506 million and a 7% increase in subscription revenue to INR 3,193 million. |
TATA ELXSI LTD. reported INR926.5 crores in revenue for Q1 FY '24-25, showing a 2.4% QoQ and 8.4% YoY growth in constant currency terms. The EBITDA was INR252.3 crores, with a flat growth of 0.3% YoY. The PBT was INR252.4 crores, impacted by a one-time expense. The transportation business unit saw a strong growth of 5.3% QoQ and 20.3% YoY in constant currency terms. The company aims for better growth rates in the current financial year compared to the previous year. (DGM -Corporate Relations, The Listing Department BSE Ltd. National Stock Exchange of India Ltd., DGM -Corporate Relations, The Listing Department BSE Ltd. National Stock Exchange of India Ltd**.** et al., n.d.**) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6e162ed-e983-4b53-a42c-52e80cf8cc9c.pdf |
JTL Industries Ltd recently held an earnings conference call to discuss their un-audited financial results for the quarter ended 30th June, 2024. The company reported stable financial results with a revenue of INR 5,153 million for the quarter, showing a year-over-year growth. They highlighted their strategic market expansion, increased product demand, high sales volume, and enhanced product offerings as key drivers of this growth. |
Ugro Capital Ltd provided updates for Q1’FY25, including raising equity of INR 1,265 Cr, Asset Under Management (AUM) growth to ~INR 9,200+ Cr, and quarterly gross loan origination of ~INR 1,840+ Cr. The liability profile showed diversified sources, with borrowings from banks and NBFCs constituting 41% and 10%, respectively. The off-book AUM proportion increased to 45% in June 2024, aiming for a 50% target. Collection efficiency remained stable at 96% in Q1’FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/11eac6ff-9cd6-41f5-9c45-b065c841e7a9.pdf |
KARUR VYSYA BANK LTD. recently had its Credit Rating "ICRA AA-(Stable)" for Basel III Tier II Bonds withdrawn by ICRA. This was due to the repayment of principal on 12.03.2024 with no outstanding amount against the rated instrument. This information was communicated on 12.07.2024 as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The withdrawal of the credit rating was done upon the Bank's request (Mumbai -400 001, Mumbai -400 001, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/CC73D82C-293A-40D3-BE6D-C953F4BE7179-111425.pdf |
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