Information is Wealth. ⬇️
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Table of Contents
1.New Work Order
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a premier warship building company under the Ministry of Defence, has signed a significant contract worth approximately ₹**840 crore** with the National Centre for Polar and Ocean Research (NCPOR) for the construction and delivery of an Ocean Research Vessel (ORV). |
Dev Information Technology Ltd has secured a significant order from RajCOMP Info Services Ltd for the "Selection of Agency for Study, Design, Development, and Implementation of Kaushal Darpan Portal & Application" worth approximately 2 Crore. This project involves creating a Holistic Integrated Portal for over 140 Polytechnic Colleges and 1500+ ITIs in Rajasthan, covering various management systems such as Admission, Examination, Apprenticeship & Placement, Inventory, Establishment, and Trainee Management. The contract has an execution period of 2-3 years and includes operations and maintenance for three years. |
Shakti Pumps (India) Ltd. has announced a significant development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the supply and installation of 1,200 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under Component-B of the PM-KUSUM scheme. The total order value is approximately ₹**33.47 Crores**, inclusive of GST. The project involves design, manufacture, supply, transport, installation, testing, and commissioning, to be completed within 120 days from the work order issuance. (**Sector -3, Pithampur -Dist. Dhar 454774 (M.P.) INDIA.**) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a880f201-d598-4c5f-a137-4bc4adf25a75.pdf |
RITES Ltd has secured a significant order from the Public Works Roads Department (PWRD), Government of Assam. The contract involves Consultancy Services for Third Party Monitoring & Quality Control for 47 roads spanning 996.70 km across Assam under the Asom Mala 2.0 initiative for the year 2023-24. The project is valued at ₹**50.18 Crore** inclusive of 18% GST, with an execution period of 18 months. This order is a domestic contract and does not involve any related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6976b184-4a7c-400e-b30a-925656382298.pdf |
2. Business UpdatesCentury Textiles & Industries Ltd. reported unaudited standalone financial results for the quarter ended 30th June, 2024. The company's total income for the period was Rs. 909.13 crores, with a profit before tax from continuing operations of Rs. 63.02 crores. The net profit for the period from continuing operations was Rs. 40.86 crores. Additionally, the company reported a net loss for the period from discontinued operations of Rs. 10.59 crores. The total comprehensive income for the quarter was Rs. 96.35 crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bea2857d-f418-4bf8-90fb-b84e46ea2c2a.pdf |
Sealmatic India Limited is poised to benefit significantly from the opportunities presented in the oil and gas sector following the announcement by Honourable Oil Minister Shri Hardeep Singh Puri. With an estimated investment of USD 100 billion by 2030, Sealmatic is expected to see a surge in demand for its API pumps and mechanical seals. The company aims to capture 15% market share, translating to a potential of 22,500 API Mechanical Seals by 2030. |
Varroc Engineering Limited has announced a significant change regarding its subsidiary company. effective July 5, 2024, the subsidiary formerly known as CarIQ Technologies Private Limited has been renamed Varroc Connect Private Limited. This change aligns with the Varroc Group Identity and has received the necessary approvals. The update has been disclosed under Regulation 30 and other applicable regulations of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. For further details, the information is available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bde0af2f-f61e-4a56-9fd4-9bfe06dafbe5.pdf |
GE T&D India Ltd announced on April 2, 2024, the split of General Electric Company (GEC) into GE Aerospace and GE Vernova. The energy business was spun off under GE Vernova Inc. This resulted in the transfer of 75% of GEC's shareholding in GE T&D India Limited to GE Vernova Inc., making it the ultimate holding company. On July 16, 2024, the Board approved a proposal to change the company's name to GE Vernova T&D India Limited. The new name is subject to shareholder and regulatory approvals. The company will inform the Stock Exchange once the new name is approved. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef12989a-7807-48c3-bda5-cb6655ca6d01.pdf |
Shree Rama Multi-Tech Limited has announced the successful installation and startup of a rooftop solar power generation facility at their Moti-Bhoyan plant. This initiative was supplied by Sunfraa Global. This alignment with the company's commitment to green energy is expected to reduce power costs, thereby enhancing profitability. The installation was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. This marks a significant step towards sustainable energy practices. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd2a2fbc-5365-4a01-a02d-13c04b3a8094.pdf |
KOTHARI FERMENTATION & BIOCHEM LTD. has recently announced the commencement of production and sales operations for yeast-based protein in collaboration with NextFerm Technologies Ltd. The manufacturing facility is located in Sikandrabad, Distt. Bulandshahr, UP, where the plant and equipment provided by NextFerm Technologies have been successfully installed. The manufacturing operations for yeast-based protein began after successful trial runs in the first quarter of FY 2024-25, leading to the initiation of product sales. (KOTHARI FERMENTATION & BIOCHEM LTD._7/16/2024_) https://www.bseindia.com/xml-data/corpfiling/AttachLive/b66df2a5-5116-4cc5-968a-4671dd6a6846.pdf |
Triveni Engineering & Industries Ltd. has announced the commercial launch of its IMFL (Indian Made Foreign Liquor) products as of July 16, 2024. The company introduced two new products: MATSYA Triple Reserve Blended Whisky with an annual production capacity of 420,000 liters, and THE CRAFTERS STAMP: Rare Artisan Blended Whisky with an annual production capacity of 135,000 liters. These products are targeted at the domestic market. |
Oil and Natural Gas Corporation Ltd has announced the commencement of commercial production from its Coal Bed Methane (CBM) block in Bokaro, Jharkhand. This marks a significant step in utilizing CBM, an unconventional natural gas source, to enhance India's energy resources. The initial production is 170,000 SCMD, with expectations to increase to 300,000 SCMD by the end of the current financial year. This development aligns with the company's strategy to diversify and augment its energy portfolio. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c85492e3-de54-434d-9c8f-a9c6b3d59fb1.pdf |
Jay Shree Tea & Industries Ltd. has scheduled a Board of Directors meeting on July 23, 2024, at 3:30 PM at " Industry House," 10 Camac Street, Kolkata. The agenda includes considering and approving the closure of the sulfuric acid manufacturing unit in Pataudi, Gurgaon, Haryana, and discussing definitive agreements with prospective buyers for the land at the same location. Additional business matters will be addressed during the meeting. (JAY SHREE TEA & INDUSTRIES LTD._7/16/2024_21, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9ffa3e41-60a2-43b1-9076-e1b3b51af2d8.pdf |
KOTHARI PRODUCTS LTD. has announced the divestment of its entire 100% stake in M/s. KPL Exports Ltd., Kanpur, a wholly-owned subsidiary. After this transaction, KPL Exports Ltd. is no longer a subsidiary of KOTHARI PRODUCTS LTD. |
3. Investor PresentaionCentury Textiles & Industries Ltd. is a company based in Mumbai, India, with a focus on quality, innovation, and sustainability across its business verticals. It boasts the largest manufacturing facility for pulp & paper under one roof and has a robust project pipeline in the Real Estate division, with a valuable portfolio of land parcels in premium locations. In Q1 FY25, the company saw a 28% YoY increase in turnover. The Real Estate business performed well, and the company made strategic expansions in its portfolio with acquisitions in Gurugram and Pune. Century Textiles & Industries Ltd. is optimistic about its future performance due to sustained demand and strong public investment. |
BMW Industries Ltd reported its highest-ever quarterly profits in Q1 FY25, with Operating Revenue increasing by 26.5% QoQ and 10.2% YoY to ₹17,365 Lakhs. The Gross Profit rose by 10.5% YoY to ₹11,327 Lakhs, while Operating EBITDA grew by 15.5% YoY to ₹4,239 Lakhs, achieving a margin of 24.4%. The Profit After Tax (PAT) surged by 43.5% YoY to ₹2,234 Lakhs, with a PAT margin of 12.7%. The company also recorded its highest production volumes in key segments, including CRM Complex, Pipes & Tubes, and Rolling Mill**. Additionally, BMW Industries Ltd is advancing its sustainability efforts with a new Solar Energy Project in Jamshedpur, involving a capital expenditure of ₹3,000 Lakhs for a 6.0 Megawatt capacity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/14822fb1-77d3-43ef-b760-120717915ddb.pdf |
Just Dial Ltd. reported a significant increase in its financial performance for the quarter ended June 30, 2024. The company achieved an operating revenue of ₹2,806 million, marking a 13.6% YoY growth and a 3.8% QoQ increase. The operating EBITDA surged by 119.8% YoY to ₹806 million, with an EBITDA margin of 28.7%. Net profit also saw a substantial rise, reaching ₹1,412 million, reflecting a 69.3% YoY growth and a 22.1% QoQ increase, resulting in a net profit margin of 38.4%. Just Dial Ltd. recorded 181.3 million unique visitors in Q1 FY25, with 85.3% of traffic coming from mobile platforms. Additionally, total listings grew to 44.9 million, and active paid campaigns increased to 591,650. https://www.bseindia.com/xml-data/corpfiling/AttachLive/59202da5-6c80-4a36-b985-5c86186289ab.pdf |
CRISIL LTD. reported a 3.4% increase in income from operations for Q2 2024, reaching ₹**797.4 crore**, and a 6.7% rise in profit before tax (PBT) to ₹**208 crore**. The Research, Analytics, and Solutions segment saw momentum in lending solutions and regulatory support, despite curtailed discretionary spending by global clients. The Ratings Services segment experienced revenue growth driven by steady bank credit growth. CRISIL ESG Ratings & Analytics Limited received approval as a Category 1 provider of ESG ratings in India. Additionally, CRISIL declared an interim dividend of ₹**8 per share** in Q2 2024 and expanded its CSR outreach to over 3 lakh rural community members through the '**Mein Pragati**' program. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f08c34b3-782e-45e6-a9c7-809d20af447f.pdf |
L&T Finance Ltd reported a Q1FY25 PAT of ₹**686 Cr**, reflecting a 29% YoY growth. The company's Retailisation reached 95% of the overall book, with the retail book growing 31% YoY to ₹**84,444 Cr**. NIMs improved to 9.31%, up 125 bps YoY, while credit cost remained stable at 2.37%. The RoA increased to 2.68%, up 55 bps YoY. The company also launched the beta version of its next-gen credit underwriting engine, ‘**Cyclops**’, and achieved a Net Promoter Score (NPS) of 54. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d2078931-776c-4ed3-9b41-c398a2c9325a.pdf |
Atam Valves Ltd, a leading manufacturer of industrial and plumbing valves and fittings, was established in 1985. The company caters to diverse sectors such as oil and gas, petrochemicals, pharmaceuticals, and more, with a robust product range including Gate, Globe, Check, Ball, and Butterfly valves. Atam Valves operates three specialized foundry shops and boasts a manufacturing capacity of 96,000 pieces per month. The company achieved significant milestones by listing on the BSE SME platform in October 2020 and migrating to the Mainboard of BSE & NSE in May 2023. Future growth strategies include obtaining API certification, expanding exports, and introducing new products to enhance market presence. https://www.bseindia.com/xml-data/corpfiling/AttachLive/29dc8a0d-3490-4f86-8fe7-c83e33965bbe.pdf |
Atam Valves Ltd is a leading manufacturer of industrial and plumbing valves and fittings, established in 1985. The company caters to diverse sectors such as oil and gas, petrochemicals, pharmaceuticals, and more, with a robust product range including Gate, Globe, Check, Ball, and Butterfly valves. Atam Valves operates three specialized foundry shops and has a manufacturing capacity of 96,000 pieces per month. The company was listed on the BSE SME platform in October 2020 and migrated to the Mainboard of BSE & NSE in May 2023. |
Himadri Speciality Chemical Ltd reported robust financial performance for Q1 FY25, with net revenue from operations increasing by 26.17% YoY to Rs. 1,199.77 crores and EBITDA rising by 43.36% YoY to Rs. 187.65 crores(**Himadri Speciality Chemical Ltd**\_7/16/2024\_60, n.d.**). The company achieved a record PAT of Rs. 123 crores, marking a 41% YoY increase(**Himadri Speciality Chemical Ltd**\_7/16/2024\_60, n.d.). Himadri Speciality Chemical Ltd is expanding its speciality carbon black capacity to 130,000 MTPA with an estimated capex of Rs. 220 crores, scheduled to be operational by Q3 FY26(**Himadri Speciality Chemical Ltd**\_7/16/2024\_60, n.d.). The company is also focusing on sustainability, having joined the United Nations Global Compact and being awarded the EcoVadis Silver Medal, ranking in the top 23% of globally rated companies(**Himadri Speciality Chemical Ltd**\_7/16/2024\_60, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/df651ee8-cfbd-46a0-af33-26fde1e65f00.pdf |
4. Rights IssueGACM Technologies Ltd has announced the approval of the Letter of Offer and Abridged Letter of Offer for its Rights Issue. Scheduled to open on July 31, 2024, and close on August 14, 2024, the terms related to the offer price and rights entitlement ratio will remain consistent with the previously approved terms for Equity Shares and Equity with Differential Voting Rights (EQ-DVR). This decision follows the Rights Issue Committee's meeting on July 16, 2024, which commenced at 4:00 PM and concluded at 4:30 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0f79f86-c9c2-4a32-8417-b7304beba048.pdf |
GACM Technologies Ltd has announced the approval of the Letter of Offer and Abridged Letter of Offer for its Rights Issue. The scheduling of this issue is set to open on July 31, 2024, and close on August 14, 2024. This decision was reached during the Rights Issue Committee meeting, which was held on July 16, 2024. The terms related to the offer price and rights entitlement ratio remain unchanged as previously approved and communicated on July 10, 2024. The meeting was convened at 4:00 P.M. and concluded by 4:30 P.M. (National Stock Exchange of India Limited, Exchange Plaza, National Stock Exchange of India Limited, Exchange Plaza & Bandra Kurla Complex, Bandra East, Mumbai-40005I. Bandra Kurla Complex, Bandra East, Mumbai-40005I, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0f79f86-c9c2-4a32-8417-b7304beba048.pdf |
Indowind Energy Ltd. is a wind energy-based renewable power generation and distribution company, incorporated on July 19, 1995. The company operates 123 windmills with a total capacity of 49.645 MW across Tamil Nadu and Karnataka, and an additional 3.675 MW through its subsidiary. |
Eureka Forbes Ltd has announced its intention to list its equity shares on the National Stock Exchange of India Limited (NSE). The decision was approved by the Listing Committee of the Board during a meeting held on July 16, 2024, which commenced at 02:25 PM IST and concluded at 02:47 PM IST. The company will now proceed with the necessary steps and submit requisite applications to NSE for the listing process. This information has been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e3dacb51-cf35-4a5c-845c-fa91e86824b4.pdf |
Innova Captab Limited has changed its Corporate Identification Number (CIN) from '[U24246MH2005PLC150371](mailto:U24246MH2005PLC150371)' to '[L24246MH2005PLC150371](mailto:L24246MH2005PLC150371)'. The company's registered office is located at 601, Proxima, Plot No 19, Sector 30 A Vashi, Navi Mumbai, Thane, Maharashtra, India, 400705. |
KEC International Ltd. has announced the acquisition of new orders worth Rs. 1,100 crores for Transmission & Distribution (T&D) projects across India, the Middle East, Australia, and the Americas. The orders include a 765 kV Transmission line and GIS Substation from Power Grid Corporation of India Limited (PGCIL) in India, a 132 kV Transmission line in the UAE, and the supply of towers and hardware in Australia and the Americas. This significant order inflow has boosted KEC's year-to-date order intake to over Rs. 6,000 crores, marking an impressive growth of over 80% compared to the previous year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d3db776-e551-4137-9392-fcd5974eb460.pdf |
Royal Sense Limited has announced the launch of its new product, the STERGIC SOFT LOOP FACE MASK, on 16th July 2024. This medical disposable product is designed as protective gear for the nose and mouth, helping to reduce airborne particle transmission. The mask features multiple layers to filter out large particles and droplets, and "soft loop" ear loops for a secure and comfortable fit. It is intended for use in domestic markets and is crucial for preventing contamination during surgical procedures and limiting exposure to infectious diseases in everyday settings. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2a56a63e-f989-4e7f-b443-82676c22d1f5.pdf |
Jyoti Structures Limited recently received a significant new project order from Adani Energy Solutions Limited. The order involves the construction and part supply of a 765kV D/C KPSIII-AP44 Transmission Line spanning approximately 111 kilometers in Gujarat under Khavda phase IV-Part A. The total value of the project is Rs. 117.74 Crores, and it is expected to be completed by October 31, 2025. This order is in compliance with regulations and does not involve any related party transactions. (**JYOTI STRUCTURES LTD.**_7/16/2024_71, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/f199db8c-8587-42a7-861f-d0205d4e1ad5.pdf |
In the document provided, an open offer has been made by M/s Birford Enterprises Private Limited to acquire up to 20,81,950 Offer Shares representing 26.00% of the Expanded Voting Share Capital of Consecutive Investment and Trading Company Limited from its Public Shareholders. Swaraj Shares and Securities Private Limited has been appointed as the Manager to the Offer by the Acquirer. The Post-Offer Public Announcement for the offer was published on July 16, 2024, in various newspapers like Financial Express, Jansatta, Mumbai Lakshadweep, and Duranto Barata. The offer aims to acquire up to 76.00% of the Expanded Voting Share Capital of the Target Company from the Public Shareholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7C04A5DA-32A2-4E9E-8AC9-EE79A4430E6D-130053.pdf |
Eiko Lifesciences Ltd is currently subject to an open offer by M/s Lenus Finvest Private Limited and individual promoters to acquire up to 36,03,716 offer shares. This represents 26.00% of the expanded voting share capital. The offer price is set at ₹**53.10** per offer share. Swaraj Shares and Securities Private Limited has been appointed as the manager for the offer. The detailed public statement for the offer has been published in various newspapers, including BSE Limited’ PJ. Towers, Dalal Street, Mumbai -40000 1, Maharashtra, India and BSE Limited’ PJ. Towers Dalal Street, Mumbai -40000 1, Maharashtra, India. https://www.bseindia.com/xml-data/corpfiling/AttachLive/D49327D8-0521-4D95-906A-D003DFDC8274-123431.pdf |
5. Preferential BasisApollo Micro Systems Ltd has received trading approval for 7,624,700 equity shares of ₹1 each, issued on a preferential basis following the conversion of warrants. These shares, allotted to non-promoters, will be listed and available for trading on the National Stock Exchange of India (NSE) and BSE Limited starting July 18, 2024. The shares are distributed in two tranches: |
Indo Thai Securities Ltd. held its 361st Board Meeting on July 16, 2024. During the meeting, the Board approved the allotment of 980,319 convertible warrants on a preferential basis at an issue price of ₹376 per warrant. |
Thomas Scott (India) Limited has announced the allotment of 520,000 equity shares following the conversion of convertible warrants on a preferential basis. This decision was made during the Securities Allotment Committee Meeting held on July 16, 2024. The shares, each with a face value of Rs. 10 and a premium of Rs. 71, were allocated to both promoter and non-promoter groups. Specifically, Mrs. Vandana Bang from the promoter group received 200,000 shares, while Mr. Shankar Shashi and Mrs. Sarita Mathi from the non-promoter group received 300,000 and 20,000 shares, respectively. Post-allotment, the total equity shares of the company increased to 11,295,219, raising the total capital to Rs. 112,952,190. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e14c622f-0c36-4abe-ab42-a197c89cd158.pdf |
UPSURGE INVESTMENT & FINANCE LTD. approved an increase in Authorized Share Capital from Rs. 15,25,00,000 to Rs. 23,75,00,000, divided into 2,37,50,000 Equity Shares of Rs. 10 each. The company also decided to issue 49,19,000 Equity Shares and 33,00,000 Convertible Warrants to Promoter/Non-Promoter Investors. The Extra Ordinary General Meeting is scheduled for Wednesday, 14th August, 2024, to approve these decisions. (Dalal Street, Mumbai -400 001) https://www.bseindia.com/xml-data/corpfiling/AttachLive/340096c3-dbd8-4d00-aa76-98922a964eb3.pdf |
Natural Biocon (India) Ltd has scheduled a Board Meeting on July 18, 2024, to discuss several key matters. The agenda includes: |
Balu Forge Industries Ltd held a Board Meeting on July 16, 2024, where they approved several key decisions. These include: |
6. Press ReleasesJust Dial Ltd. announced its unaudited financial results for the quarter ended June 30, 2024. The company reported a 13.6% YoY increase in revenue to ₹**280.6 Crores** and a significant 119.8% YoY rise in EBITDA to ₹**80.6 Crores**, with an EBITDA margin of 28.7%. Net profit surged by 69.3% YoY to ₹**141.2 Crores**. The total traffic for the quarter was 181.3 million unique visitors, with 85.3% originating from mobile platforms. The company’s cash and investments stood at ₹**4,755.5 Crores**, up 14.3% YoY. Additionally, total active listings reached 44.9 million, marking an 18.2% YoY increase. https://www.bseindia.com/xml-data/corpfiling/AttachLive/acb8da9e-ed08-4c5a-9a12-5929773b529b.pdf |
BMW Industries Ltd reported its highest-ever quarterly Profit After Tax (PAT) for Q1 FY25, growing by 43.5% Year-on-Year (YoY) to ₹2,234 Lakhs. Total income increased by 10.7% YoY to ₹17,547 Lakhs, while Gross Profit rose by 10.5% YoY to ₹11,327 Lakhs. EBITDA also saw a significant rise of 17.1% YoY, reaching ₹4,421 Lakhs, with an EBITDA margin of 25.2%. |
L&T Finance Ltd. reported an all-time high Q1FY25 Profit After Tax (PAT) of Rs. 686 Crore, marking a 29% YoY increase. The company's retail book grew by 31% YoY to Rs. 84,444 Crore, with retail disbursements up 33% YoY at Rs. 14,839 Crore. |
Network18 Media & Investments Ltd. reported its Q1 FY25 financial results, highlighting a consolidated revenue of ₹**3,141 crore**. The strong performance was driven by the Sports and News segments. The TV News business experienced a 30%+ advertising growth, while the digital portfolio, including Moneycontrol and News18, experienced significant increases in reach and engagement. |
TV18 Broadcast Ltd. reported its Q1 FY25 financial results, highlighting a consolidated revenue of ₹3,069 crore. The strong performance was driven by the Sports and News segments. |
Kretto Syscon Ltd has announced a significant milestone with the completion of a new fintech product. This innovative solution, set to launch by the end of July 2024, aims to revolutionize data analytics for corporates and venture capitalists. It enhances their ability to identify potential acquisitions and assess credit risks. |
Sarveshwar Foods Ltd has entered into a strategic partnership with Boomitra to drive sustainable agriculture practices and empower farmers. This collaboration aims to enhance productivity, improve soil health, and generate income through the sale of carbon credits, benefiting approximately 17,000+ farmers over 45,000 acres. The initiative will promote regenerative agricultural practices, reduce the carbon footprint, and support environmental sustainability. Boomitra, a leader in the soil carbon marketplace, will leverage AI and remote sensing technology to facilitate these goals. This partnership underscores Sarveshwar Foods Ltd's commitment to sustainable and eco-friendly agricultural practices. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51b530b2-7043-402b-839e-f82c2c47cd0f.pdf |
One 97 Communications Ltd has announced a strategic partnership with FlixBus, a global leader in affordable and sustainable travel, to expand its distribution network. This collaboration will integrate FlixBus inventory into Paytm's platform, enhancing access to high-quality intercity bus services for Indian travelers. The partnership aligns with Paytm's core business focus on travel, aiming to drive substantial growth and reinforce its position in the travel industry. FlixBus, which entered India earlier this year, will benefit from Paytm's extensive customer base and technological expertise, promoting affordable and sustainable transportation solutions across the country. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b633456-5ac4-405a-919a-cf982aa39ac5.pdf |
ROSE MERC LIMITED has announced exciting developments regarding the 2nd Season of the ‘Mumbai Cricket Excellence 2024 Awards Night’. The event, endorsed by the Mumbai Cricket Association (MCA) and initiated by the Mazgaon Cricket Club, will be hosted by the renowned comedian Sunil Grover. Known for his dynamic performances and sharp wit, Sunil Grover is a popular figure in the entertainment industry. |
Himadri Speciality Chemical Ltd reported robust financial results for Q1 FY25, showcasing significant growth across key metrics. Sales volumes surged by 38% to 139,175 MT from 101,030 MT in Q1 FY24. EBITDA and PAT increased by 43% and 41% year-over-year, reaching Rs. 188 Crores and Rs. 123 Crores, respectively. |
Sun Pharmaceutical Industries Ltd. will announce its first quarter results for the period ending June 30, 2024, on August 01, 2024. The earnings call, scheduled for 6:30 pm IST on the same day, will feature senior management discussing the company's performance and addressing participant questions. The results and a transcript of the call will be available on the company's website. |
Jubilant Ingrevia Ltd reported its Q1 FY25 financial results, showcasing a total revenue of ₹1,024 crore, a 5% decline YoY. The EBITDA stood at ₹119 crore, reflecting an 18% QoQ increase but a 5% YoY decrease. The profit after tax was ₹49 crore, marking a 67% QoQ rise. |
Himadri Speciality Chemical Ltd reported robust financial results for Q1 FY25, showcasing significant growth across key metrics. The company's sales volume surged by 38% to 139,175 MT from 101,030 MT in Q1 FY24. |
Balu Forge Industries Ltd is raising Rs. 496.80 Crores through a combination of preferential issue of equity shares and fully convertible warrants to enhance its manufacturing capacity for the defense, railways, and aerospace sectors. The fund-raise aims to support India's self-reliance vision and align with the government's Make in India initiative. The company plans to deploy funds for R&D initiatives, including a new Direct Drive Screw Press Line and SPM line for defense production. Balu Forge Industries Ltd is focusing on diversifying its manufacturing capacity to drive sustainable growth and boost self-reliance in defense, railways, and aerospace manufacturing. (Services, Listing Department, BSE Limited, Listing Department BSE Limited Services et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/5a38d6c9-34c2-4d49-97e2-822bff1cc4cd.pdf |
CRISIL Limited reported a 3.4% increase in income from operations for the quarter ended June 30, 2024, with a 6.7% rise in profit before tax. The company declared an interim dividend of Rs 8 per share for the quarter. |
Sunita Tools Limited has announced the start of trial production at its subsidiary, Sunita Leoquip Aerospace Private Limited, in a new factory in Ahmedabad. The subsidiary specializes in precision products for Defense Aerospace, air compressors, and high-end Engineering. The modern facility spans over 10,000 sq ft with 19 advanced machines. This move reinforces Sunita Tools' position in the Mouldbase industry, Defense, and Aerospace sectors, showcasing their commitment to meeting customer demands with enhanced precision and capability. (**Sunita Tools Ltd_7/16/2024_79**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/e9ac2f05-d8ab-42f1-af60-dc6cf0a905e8.pdf |
Happiest Minds Technologies Ltd recently launched WATCH360, an AI-infused managed infrastructure service offering. The service aims to enhance IT efficiency, cost savings, and service delivery through real-time insights and automation. It provides 24/7 IT infrastructure management, focusing on servers, databases, networks, security devices, and cloud services. |
Fischer Medical Ventures Ltd recently secured marketing rights for Nanyang Biologics' transformative nutraceuticals in the India, Middle East & ASEAN region. The company collaborates with NYB, focusing on innovative healthcare solutions using AI and machine learning. Nanyang Biologics' drug discovery efforts have led to 4 patents, 2 cancer drug candidates, and 4 nutraceutical products. The global cancer drugs market is projected to reach USD 188.2 billion in 2023, with a 13.95% growth expected by 2028. Fischer MV aims to revolutionize healthcare with evidence-based products targeting chronic diseases like cancer and metabolic disorders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbc0dbcd-5240-41f8-b59c-8a6b196132d8.pdf |
OnMobile Global Ltd. announced the appointment of Bikram Sherawat as President and Chief Operations Officer on July 16, 2024. Bikram Sherawat is recognized for his strategic acumen and revenue growth achievements over two decades. His expertise in international sales and strategic partnerships has been highlighted by Francois Charles, Chairman and CEO of OnMobile. |
AXISCADES Technologies Ltd. has announced the appointment of industry veteran Tanmoy Chakrabarty as a Non-Executive Independent Director effective from July 13, 2024. With over four decades of experience, Mr. Chakrabarty has significantly contributed to high-profile government projects like MCA 21 and Passport Seva Programs, and has led digital initiatives internationally. He previously served as the Group Government Affairs Officer at Tata Sons and now runs Chakrabarty Consulting Services. AXISCADES, headquartered in Bengaluru, employs over 3500 professionals across 17 locations globally, offering comprehensive engineering solutions in sectors such as aerospace, defense, and automotive. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0836f582-74de-44b5-8f7d-cc73ee5c6442.pdf |
RateGain Travel Technologies Ltd announced a significant partnership with Hahnair on July 16, 2024. This collaboration integrates RateGain's AirGain pricing intelligence technology with Hahnair's distribution services, benefiting over 350 partner airlines and 100,000 travel agencies across 190 markets. The partnership aims to optimize revenue streams by leveraging real-time data-driven insights, dynamic pricing trends, and customized alerts. |
D B Corp Ltd released its Unaudited Financial Results for the 1st quarter of the financial year 2024-25, ended June 30, 2024. The Board of Directors approved these results on July 16, 2024, including both standalone and consolidated figures. The company declared an interim dividend of Rs. 7 per fully paid equity share of face value Rs. 10 each. The Audit Committee reviewed and the Board of Directors approved the Unaudited Standalone Financial Results for the quarter. The figures for the March 31, 2024 quarter are the balancing figures between audited figures up to March 31, 2024, and unaudited published year-to-date figures up to December 31, 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2a7aefd-8d79-402a-87c7-67ce18942a1e.pdf |
7. New AcquisitionExide Industries Limited has made a significant investment of Rs. 74,99,99,988 in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue on 16th July 2024. This investment brings the total investment in EESL to Rs. 2577.24 crore. |
Himadri Speciality Chemical Ltd has acquired 100% equity shares of Himadri Green Technologies Innovation Limited, making it a Wholly Owned Step-down Subsidiary. The acquisition was completed on 30 November 2023, with HCEL becoming a Wholly Owned Subsidiary of Himadri Speciality Chemical Ltd. The acquisition was approved by the Board of Directors on 16 July 2024, in compliance with SEBI regulations. The cost of acquisition was approximately Rs. 1,00,000 for 10,000 equity shares. |
B-Right Realestate Ltd formed a new Private Limited Company, B-RIGHT SSVARNA BOMBAY HIGHLINES REALTY PRIVATE LIMITED, on July 15th, 2024. The new entity operates in the Real Estate and Developers industry, focusing on developing real estate projects currently held by Bombay Highlines Group. The acquisition was completed for a cash consideration of Rs. 49,000, resulting in B-RIGHT SSVARNA BOMBAY HIGHLINES REALTY PRIVATE LIMITED becoming a step-down subsidiary of B-Right Realestate Ltd with 49.00% shareholding. (Anand, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a30d456-cbd1-4466-880f-2de3d25ceebc.pdf |
8. Credit RatingSKY INDUSTRIES Limited has received an upgraded credit rating from CRISIL Ratings Limited as of July 16, 2024. The long-term facility rating for the company has been upgraded to CRISIL BBB-/Stable from '**CRISIL BB+/Stable**', and the short-term facility rating has been upgraded to CRISIL A3 from '**CRISIL A4+**' (SKY INDUSTRIES LTD.-$_7/16/2024_13, n.d.). |
Fine Organic Industries Ltd has announced that ICRA Limited has reviewed and reaffirmed the company's credit rating. As of July 16, 2024, the ratings are: |
Motherson Sumi Wiring India Ltd has received a reaffirmation of its credit ratings from CRISIL Ratings Limited. The Long Term Rating remains at CRISIL AA+/Stable, and the Short Term Rating is reaffirmed at CRISIL A1+. This update is pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (**Motherson Sumi Wiring India Ltd_7/16/2024_42**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/dda3400d-92e2-46c2-8a2c-a9f876455f86.pdf |
Oriental Aromatics Ltd has received a reaffirmation of its credit ratings from ICRA Limited as of July 16, 2024. The ratings include a long-term fund-based term loan of ₹28.33 crore rated at [**ICRA**]A-(Stable), and a combined long-term/short-term fund-based/non-fund-based facility of ₹345.55 crore rated at [**ICRA**]A(Stable)/[**ICRA**]A2+. The total rated amount stands at ₹373.88 crore. This information is also available on the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/64756a40-8a60-4cb1-ac3e-a17dd19d0da5.pdf |
Him Teknoforge Ltd has been assigned a long-term rating of IVR BBB+/ Stable and a short-term rating of IVR A2 by Infomerics Valuation and Rating Private Limited. The company's total operating income for the year ended March 31, 2024, was Rs. 373.42 crore, with an EBITDA of Rs. 34.42 crore and a PAT of Rs. 7.12 crore. The total debt stood at Rs. 149.48 crore, and the tangible net worth was Rs. 174.71 crore. The EBITDA margin was 9.22%, and the PAT margin was 1.89%. The overall gearing ratio was 0.86x, and the ISCR was 1.97x. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4d8e89dd-62b2-46c3-a861-66a50f165bc4.pdf |
IPCA LABORATORIES LTD. recently had its credit ratings reviewed and affirmed by India Ratings & Research. The ratings for the company's: |
HeidelbergCement India Ltd. has entered into a strategic manufacturing tie-up with HimalayaHeight Cement Private Limited (HCPL). Under this arrangement, HCPL will produce Portland Pozzolana Cement (PPC) at its Bhabhua Grinding Plant in Bihar, packaging it under HCIL's registered trademark '**mycem**'. This collaboration, effective for three years with potential renewal, aims to enhance HCIL's market presence and product portfolio, particularly in the Bihar region. HCIL's marketing team will handle the sales, and the agreement is expected to positively impact the company's revenue and profitability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8eadaf13-2a82-482f-866c-b0f5a5b297b7.pdf |
Suprajit Engineering Limited has completed the first stage of acquiring Stahlschmidt Cable Systems (SCS). This includes the asset and business acquisition in Germany and equity purchase in Poland and Morocco. According to a press release dated June 9, 2024, this acquisition is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The closing memorandum for this acquisition was signed, marking a significant milestone for Suprajit Engineering Limited. (We Refer to Our Press Release Dated June 9, 2024 Regarding “the Acquisition of the Business of Stahlschmidt Cable Systems (SCS), out of Insolvency Proceedings in Germany”. Company Has Signed the Closing Memorandum for Asset and Business Acquisition in Germany and Equity Purchase in Poland and Morocco as First Stage of Acquisition of the Business of Stahlschmidt Cable Systems (SCS). Please Consider This as Compliance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Thanking You |
9. Resignations |
Shristi Infrastructure Development Corporation Ltd. announced the resignation of its Chief Financial Officer, Mr. Neeraj Sureka, effective from the close of business hours on July 15, 2024. The resignation was due to personal reasons. This information was disclosed 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. (Neeraj et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/69530fd3-a16b-4d92-a03e-771e0c29707e.pdf |
IFB Industries Ltd. has announced the resignation of Mr. Raj Shankar Ray, the Managing Director & CEO of the Home Appliances Division, effective after a 90-day notice period. Mr. Ray, who joined the company in 2005, cited personal reasons for his departure. During his 18-year tenure, he significantly contributed to the company's projects, product range, and market reach in the Indian consumer durable retail landscape. The resignation was formally communicated to the Bombay Stock Exchange, National Stock Exchange of India, and the Calcutta Stock Exchange on July 16, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/56b42631-d195-42fd-b439-a9098a74cb71.pdf |
Sanghi Industries Ltd. has announced the resignation of its statutory auditor, M/s S.K. Mehta & Co, effective from the close of business on July 29, 2024. This decision aligns with the Adani Group's strategy to consolidate the audit processes within its cement vertical, with Ambuja Cements Limited's auditors taking over. The resignation follows the completion of the statutory audit for the financial year ending March 31, 2024, and the issuance of an unmodified audit report on April 27, 2024. The company will appoint new statutory auditors, subject to shareholders' approval, at the upcoming Board meeting on July 29, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/179db90b-b1bb-4d5f-90dc-af75d67ea85d.pdf |
Tega Industries Ltd announced key outcomes from its Board Meeting held on July 16, 2024. The statutory auditors of its wholly-owned subsidiary, Tega McNally Minerals Limited, will complete their term at the upcoming AGM. The Board has recommended appointing M/s. Walker Chandiok & Co LLP as the new statutory auditors for a five-year term. Additionally, M/s. Price Waterhouse & Co Bangalore LLP, the current statutory auditors of Tega Industries, have tendered their resignation effective August 09, 2024, to align the audit process across the group. The Board has appointed M/s. Walker Chandiok & Co LLP to fill the vacancy and will seek member approval at the 48th AGM for a further five-year term. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aa5172a7-7b8f-4032-a056-525f4e4fb109.pdf |
Sumeet Industries Ltd. has undergone a significant restructuring process. The National Company Law Tribunal (NCLT) approved the resolution plan submitted by the Eagle Group on 16.07.2024. |
SUMEET INDUSTRIES LTD. received a judgment from the Hon'ble National Company Law Tribunal on 16.07.2024 regarding the approval of their Resolution Plan. The detailed disclosure will be provided once the written order is available, as per the Listing Regulations and Guidance. |
Redinging Ltd has announced the completion of the divestment of Citrus Consulting Services FZ-LLC UAE, a wholly owned subsidiary of Redington Gulf FZE. The divestment was finalized on July 16, 2024, as per the Sale and Purchase Agreement executed on March 1, 2024. This strategic move aligns with the company's ongoing efforts to streamline its operations and focus on core business areas. Further important updates regarding this transaction will be updated on the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/67b174f5-d528-4b85-98cc-e019c4f8fb2f.pdf |
AJWA FUN WORLD & RESORT LTD. has announced an Extra-Ordinary General Meeting (EGM) scheduled for August 9, 2024, at 04:00 PM IST via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The primary agenda is to seek shareholder approval for the sale/disposal of land owned by the company, totaling 95,252 square meters. The land, located in Village Rayantalawadi, Taluka Waghodia, District Baroda, India, is proposed to be sold to Godrej Projects Development Limited for approximately Rs. 56.85 Crores. The proceeds from this sale will be used to retire borrowings, invest in future projects, and for general corporate purposes. The remote e-voting period for this resolution will commence on August 6, 2024, at 10:00 AM and end on August 8, 2024, at 05:00 PM IST. https://www.bseindia.com/xml-data/corpfiling/AttachLive/25fe4b3b-2205-474f-9606-08e5cc793918.pdf |
SBEC SYSTEms (India) Ltd. successfully commissioned a 675KWp solar power project at Modi Arc Electrode Company in Modinagar, Uttar Pradesh on 16th July 2024. |
Tata Consultancy Services Ltd. reported a strong start to FY 2025 with Q1 revenue of ₹62,613 crores, reflecting a 5.4% year-over-year growth in rupee terms and 3.9% in dollar terms. The operating margin stood at 24.7%, and net margin at 19.2%. The company saw significant traction in its AI and GenAI initiatives, with over 270 engagements and a pipeline doubling to 1.5billion∗∗. |
Jio Financial Services Ltd reported its unaudited financial results for Q1 FY 2024-25, highlighting significant milestones and strategic initiatives. The company launched the Jio Finance App in beta on May 30, 2024, achieving approximately half a million downloads. |
Angel One Ltd has made available the audio recordings of its earnings call with analysts and investors, as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The earnings call, initially announced on June 27, 2024, took place on July 16, 2024. The audio recording can be accessed on the company's website under the investor relations section. This update is provided for the information and records of stakeholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e09dfe7-fedb-4f83-8322-7652e6a3d288.pdf |
Emerald Finance Ltd reported a substantial year-on-year increase in total consolidated income to INR 4.4 crores, marking a 58.41% rise. On a stand-alone basis, the total income increased by 42.35%. The company's EBITDA margin surged by 114% to INR 2.95 crores, while PAT (Profit After Tax) nearly doubled, increasing by 98.92% to INR 1.17 crores. |
Raymond Ltd. is undergoing significant strategic transformations, including the demerger of its Lifestyle business, effective from July 11, 2024, and the planned listing of Raymond Lifestyle Limited by end of August or early September(**RAYMOND LTD.**._7/16/2024_34, n.d._). The company has also sold its FMCG business for INR 2,800 crores, making the group debt-free and leaving it with INR 1,500 crores in net cash(**RAYMOND LTD.**._7/16/2024_34, n.d._). Raymond's Real Estate business, established in the last five years, has become the fifth largest developer in the MMR region, with a development value of INR 25,000 crores from its Thane land(**RAYMOND LTD.**._7/16/2024_34, n.d._). The Engineering business is expanding into aerospace, defense, and EV sectors, with a combined revenue of INR 1,800 crores and a focus on high-growth areas like hybrid and EV components(**RAYMOND LTD.**._7/16/2024_34, n.d._). https://www.bseindia.com/xml-data/corpfiling/AttachLive/14abba80-4f33-49bd-8f0f-af4883a98aad.pdf |
Century Textiles & Industries Ltd. has announced an update on the acquisition of a land parcel situated at Kalwa, Thane, Maharashtra. The acquisition, initially intended to be executed by Birla Estates Private Limited (BEPL), a wholly owned subsidiary of the company, will now be undertaken by Ekamaya Properties Private Limited (EPPL), a Wholly-Owned Subsidiary (WOS) of BEPL. The total consideration for the land is approximately Rs. 595 Crores, to be paid over multiple tranches and 1.5% of the sales revenue. The transaction is subject to the signing of definitive documents, completion of customary closing conditions, and receipt of regulatory approvals. There are no other material changes in the transaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/735b3344-1a80-4862-a572-32a4234bf85d.pdf |
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