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Table of Contents
1. New Work Order
Rane Engine Valve Ltd. has received observation letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed Scheme of Amalgamation. This scheme involves the merger of Rane Engine Valve Limited and Rane Brake Lining Limited into Rane (Madras) Limited. The observation letters, dated July 18, 2024, indicate no adverse observations or objections to the proposed scheme. The companies must ensure compliance with SEBI regulations, disclose ongoing legal proceedings, and provide detailed information to shareholders to facilitate informed decision-making. The scheme must be submitted to NCLT within six months from the date of the observation letters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f9e2748-2ee5-4289-8e8a-58c7ade5f62a.pdf |
RANE BRAKE LINING LTD. has received observation letters from BSE Limited and the National Stock Exchange of India Limited regarding the proposed Scheme of Amalgamation involving RANE ENGINE VALVE LIMITED and RANE BRAKE LINING LIMITED merging into RANE (MADRAS) LIMITED. The observation letters, dated July 18, 2024, indicate "No adverse observation/No objection" to the proposed scheme. The companies must ensure compliance with SEBI regulations, disclose ongoing legal proceedings, and provide detailed information to shareholders about the merger's rationale, synergies, and financial impacts. The scheme must be submitted to NCLT within six months from the observation letter date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/efda3789-4f08-461e-bfaa-e538b2f14f9e.pdf |
Rane (Madras) Limited has received observation letters from BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) regarding the proposed Scheme of Amalgamation involving Rane Engine Valve Limited and Rane Brake Lining Limited with and into Rane (Madras) Limited. The scheme, approved by the Board of Directors on February 09, 2024, is subject to regulatory approvals. |
Bondada Engineering Limited has received a significant work order from KPI Green Energy Limited to supply BOS Items & Services for EPC (Engineering, Procurement, and Construction) Works across two locations in Gujarat. The total value of the contract is Rs. 59,00,02,024/- (including GST), and it is to be executed by 30.09.2024. This order is from a domestic entity, and there is no interest from the promoter group or related party transactions involved. The company has been authorized to proceed under the applicable regulations of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/83cd6ab7-3da3-4019-bbc4-b937687fde83.pdf |
Bondada Engineering Limited has received significant work orders from PACE DIGITEK INFRA PRIVATE LIMITED. The orders involve the supply of 40m Ground Based Towers designed to withstand 200 KMPH winds to Assam. The total value of these orders is ₹**5,24,49,171** (including GST). The orders are from a domestic entity and are not related party transactions. The company has confirmed that neither the promoter group nor group companies have any interest in the awarding entity. The execution deadline for these orders is 31.07.2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e751fcf-21cc-46be-8ca4-6e00aeda9aa8.pdf |
DEE Development Engineers Ltd has announced a significant development under Regulation 30 of SEBI Listing Regulations. The company has secured a Purchase Order from Bharat Heavy Electricals Limited for the supply of: |
Power Mech Projects Ltd recently received an order worth Rs. 209.50 Crores for the operation and maintenance of a 3X91.5 MW CPP at Hindustan Zinc Limited in Chanderiya, Chittorgarh for a period of 4 years. The order was awarded by a domestic entity and is to be executed over 48 months. |
Advait Infratech Ltd has announced the receipt of a significant order under the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company secured an EPC (Engineering, Procurement, and Construction) Work order for OPGW (Optical Ground Wire) Live Line Installation from PGCIL (Power Grid Corporation of India) for the Ladakh Region, valued at Rs. 35,07,57,712/- (without GST), on 12th July 2024. The project involves design, engineering, supply, testing, and commissioning of OPGW Cable. This order is from a domestic entity, Power Grid Corporation of India, and is expected to be executed within a specified timeframe. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6980dca-ed44-482f-8151-4441ac037c22.pdf |
2. Business UpdateEIH Associated Hotels Ltd. has revised the record date for determining eligible shareholders for the Final Dividend and bonus shares for the Financial Year 2023-24. Initially set for Monday, 29th July 2024, the new record date is now Tuesday, 13th August 2024. This update serves as a corrigendum to the Notice of the Annual General Meeting, ensuring that the correct record date is acknowledged. (**EIH Associated Hotels Ltd.**-_\$7/18/2024_-\textsuperscript{nd}). https://www.bseindia.com/xml-data/corpfiling/AttachLive/c559a0e0-a146-4323-9b63-2c16d15127f9.pdf |
Popular Vehicles and Services Ltd reported a 7% year-over-year growth in total revenue from operations for Q1FY25. The luxury car and commercial vehicle segments saw a significant increase of approximately 15%, while the passenger vehicle segment grew by around 5%. However, other segments, including two-wheelers, experienced a sharp decline of about 40%. The total number of vehicles sold decreased by 2% year-over-year, with service volumes remaining flat. The company also highlighted recent accolades, including the FADA Dealership Excellence Award 2024 and multiple Platinum Band Achievements Awards from Maruti Suzuki India Limited. Despite a slow Q1 due to central elections and adverse climatic conditions, the company expects inventory levels to normalize and interest cost savings from Q2 onwards. https://www.bseindia.com/xml-data/corpfiling/AttachLive/722eb285-6091-4bd0-b6f0-ffcd3dbba327.pdf |
Ladderup Finance Limited has scheduled a Board of Directors meeting on 24th July 2024 to consider and approve the Un-Audited Financial Results for the quarter ended 30th June 2024. Additionally, the board will discuss a proposal for the buyback of fully paid-up equity shares in accordance with the Companies Act, 2013, and SEBI regulations. The trading window for the company's securities is currently closed and will reopen 48 hours after the financial results are declared. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e79d9371-a099-4262-8bd0-bd5a83008171.pdf |
Aurobindo Pharma Ltd. has announced a buyback of up to 51,36,986 fully paid-up equity shares, each with a face value of INR 1, representing 0.88% of the total equity shares. The buyback price is set at INR 1,460 per share, aggregating to INR 750 crores. This buyback will be executed through a tender offer route, including all equity shareholders as of the record date, July 30, 2024. |
Aurobindo Pharma Ltd. has announced a buyback of up to 51,36,986 fully paid-up equity shares at a price of INR 1,460 per share, totaling an aggregate amount of INR 750 crores. This buyback represents 0.88% of the company's total paid-up equity share capital. The buyback will be conducted through the "tender offer" route, including all equity shareholders and beneficial owners as of the record date, July 30, 2024. The pre-buyback shareholding pattern includes 51.80% held by promoters and promoter group, 19.17% by mutual funds, and 16.73% by foreign portfolio investors. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bcd9b44b-3c84-4d1e-81d1-8af9979e3fe1.pdf |
Shri Vasuprada Plantations Ltd, originally known as Joonktollee Tea & Industries Ltd, has a rich history dating back to 1874. The company, which was renamed in 2022, operates 8 estates across Assam, Karnataka, and Kerala. The company produces high-quality CTC and Orthodox teas, coffee, and rubber. |
Shri Vasuprada Plantations Ltd has announced its 150th Annual General Meeting (AGM) scheduled for August 13, 2024, at 11:00 AM via Video Conferencing/Other Audio Visual Means (VC/OAVM). The AGM will address the adoption of audited standalone and consolidated financial statements for the fiscal year ending March 31, 2024, and the reappointment of Mrs. Vinita Bangur as a director. Additionally, the company will seek approval for the remuneration of ₹1,50,000 plus applicable taxes for its cost auditors, Messrs D. Sabyasachi & Co. The AGM notice and annual report will be available on the company's website and through electronic communication to registered members. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dcbbd841-70f9-4345-82d5-7f93aa92d9e4.pdf |
Polycab India Ltd is a leading company in the electrical industry, known for its diverse portfolio and strong market presence. The company has shown impressive growth with a 25% CAGR over the years. It holds a dominant position in the wires and cables industry in India, with a significant market share. Polycab boasts a wide customer base across various industries and has a robust distribution network with thousands of dealers and distributors nationwide. The company's focus on quality products, strong management, and strategic initiatives has contributed to its success in the market. |
Polycab India Ltd presented its Q1 FY25 Earnings Presentation on July 18, 2024. The company showcased its financial performance, highlighting profitability and operating figures. Notably, the Other Segments of the business, including the EPC segment, showed significant growth in total income and EBIT. The company's financial metrics, such as working capital days and other income details, were also discussed in the presentation. Polycab India Ltd demonstrated strong performance in various aspects of its operations during the first quarter of the financial year 2025. |
Bartronics India Limited has announced a significant expansion drive in collaboration with Bank of India to enhance financial inclusion and community development. This initiative aims to provide essential banking services to underserved communities, with an estimated 100,000 customers to be served daily. The partnership will enable Bartronics to expand operations into nearly 1,000 additional subservice areas, marking a milestone in their mission to deliver accessible banking solutions and foster inclusive growth. The company is committed to empowering underserved communities through strategic partnerships and innovative financial solutions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/deeb8af4-033b-423f-8d69-98477a41b3e9.pdf |
Zydus Lifesciences Ltd received a report from the USFDA regarding its injectable manufacturing facility in Jarod, near Vadodara, Gujarat, India. The inspection conducted between April 15 and April 23, 2024, resulted in an "Official Action Indicated" (OAI) classification for the facility. The company is committed to working closely with the USFDA to address the regulatory status "promptly". (n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/491f42dd-8098-4303-b7aa-019a23a874bd.pdf |
3. Investor PresentationHAVELLS INDIA LTD. reported strong financial results for Q1 FY25 with notable growth in various segments. Net Revenue increased by 20% YoY to Rs 5,798 crores, EBITDA grew by 43% YoY to Rs 576 crores, and Profit After Tax (PAT) rose by 43% YoY to Rs 411 crores. |
Gopal Snacks Ltd reported a strong start to Q1 FY25 with Revenue from Operations of Rs. 354 Cr, reflecting a YoY growth of 11.2%. The company's EBITDA stood at Rs. 41 Cr with an EBITDA Margin of 11.5%, while PAT was Rs. 24 Cr with a PAT Margin of 6.9%. |
Tata Technologies Ltd is a global product engineering and digital services company that focuses on enabling customers to create better products and experiences. They have recently secured significant engagements with various companies in the aerospace, automotive, and commercial vehicle sectors. These include partnerships for developing aircraft seats, cabinet designs, SDV technology, and cloud-based platforms. |
Newgen Software Technologies Ltd reported strong financial performance in FY'24 with a revenue of Rs 12,438 million, a 28% YoY growth, and a PAT of Rs 2,516 million, a 42% YoY growth. The company also had a net worth of Rs 12,235 million and EBITDA of Rs 2,883 million with a 23% EBITDA margin. Newgen Software Technologies Ltd also experienced a 26% YoY growth in annuity revenues, reaching Rs 7,498 million as of March 31, 2024(Mourya, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/d89e579e-f325-425e-901e-294922ec5c74.pdf |
Central Bank of India reported its financial results for the first quarter and three months ending June 30, 2024. The bank's presentation highlighted global economic growth, domestic resilience, and the impact of climate change on the economy. Key indicators such as real GDP growth, retail inflation, and credit deployment by Scheduled Commercial Banks (SCBs) were discussed. The bank's total assets, deposits, and loans & advances showed significant growth from the previous year. The shareholding pattern revealed Government of India (GOI) as the majority shareholder. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b726147f-1d51-445d-bfd8-745895d61597.pdf |
L&T Technology Services Ltd reported a robust performance for Q1FY25, with revenue reaching ₹24,619 million, marking a 7% YoY growth. The company's USD revenue stood at ₹295million∗∗, reflecting a 6% YoY growth in constant currency of ₹6295 million. The EBIT margin was 15.6%, and net profit was ₹3,136 million, showing a 0.8% YoY increase. |
Shoppers Stop Ltd. reported a 5% increase in sales to Rs 1,034 Crore and an EBITDA of Rs 146 Crore for Q1 FY25. The company saw a 19% growth in fragrance sales, contributing to the overall 5% growth in beauty sales. |
Shoppers Stop Ltd. reported quarterly sales of Rs. 1,034 Cr with a 5% growth and an EBITDA of Rs. 146 Cr for Q1 FY25 (Kumar Gupta & Gupta, n.d.). The company saw a 19% increase in fragrance sales, contributing to the overall beauty segment growth of 5% (Kumar Gupta & Gupta, n.d). The First Citizen’s club membership crossed the 10 million mark, contributing 80% to overall sales (Kumar Gupta & Gupta, n.d). The company added 11 new stores in Q1, including 2 department stores and 9 INTUNE stores, with a capex investment of Rs. 45 Cr (Kumar Gupta & Gupta, n.d). Despite a 19% decline in EBITDA and a 253% drop in PAT, Shoppers Stop is focusing on premiumization, marketing investments, and customer experience enhancements to drive recovery (Kumar Gupta & Gupta, n.d). https://www.bseindia.com/xml-data/corpfiling/AttachLive/0bcde320-9bdb-4f4c-994b-bfe6a21f6824.pdf |
MASTEK LTD. reported a revenue of Rs 1,763.9 crore (**$215.0 mn**) in Q1 FY24, showing a 23.0% growth in rupee terms and 21.0% in constant currency terms year-on-year. The company had 5,546 employees as of June 30, 2024, with 3,851 based in India. Cash balance was at Rs 383.5 crore on June 30, 2024, down from Rs 473.3 crore on March 1, 2024. |
CIE Automotive India Ltd: Q2 & H1 CY2024 Financial Performance |
Tanla Platforms Ltd reported robust financial performance for Q1 FY25, with a 10.0% YoY revenue growth to INR 10,022 Mn. The enterprise communications revenue grew by 11.2% YoY to INR 9,154 Mn. The company's gross profit grew by 11.7% YoY to INR 2,694 Mn, maintaining a 26.9% gross margin. EBITDA saw a 3.5% YoY growth to INR 1,886 Mn, while PAT increased by 4.3% YoY to INR 1,412 Mn. Tanla's EPS rose to INR 10.50, reflecting a 4.3% YoY growth. The company also highlighted its 35% market share in India's CPaaS sector and a 47% ROCE. https://www.bseindia.com/xml-data/corpfiling/AttachLive/76509744-8090-43ba-9433-f47cf832a335.pdf |
CIE Automotive India Ltd reported a 6% increase in sales to ₹14,388 million for Q1 CY2024 compared to ₹13,541 million in Q1 CY2023. The EBITDA rose by 18% to ₹2,684 million, with an EBITDA margin of 18.7%. The EBIT increased by 24% to ₹2,126 million, and the EBT grew by 25% to ₹2,053 million. The consolidated sales for Q1 CY2024 were ₹23,329 million, a 1% increase from ₹23,206 million in Q1 CY2023. The EBITDA for the consolidated results was ₹4,119 million, up by 4%, with an EBITDA margin of 17.7%. The company also noted a positive one-off subsidy of ₹220 million from CACIL. The profit after tax for the standalone results was ₹2,169.90 million, and the total comprehensive income was ₹2,170.65 million. https://www.bseindia.com/xml-data/corpfiling/AttachLive/91e14e59-e71c-46af-927c-959e655a004c.pdf |
Rallis India Ltd. reported its Q1 FY25 financial results, highlighting a flat revenue of ₹**783 Cr** compared to the previous year's ₹**782 Cr**. |
CEAT LTD. reported its unaudited financial results for Q1 FY25, showcasing a consolidated revenue of Rs. 3,192.8 crore, reflecting a 6.7% QoQ and 8.8% YoY growth. The EBITDA margin stood at 12.2%, a contraction of 124 bps QoQ and 95 bps YoY, primarily due to increased raw material costs and higher marketing expenses. The net profit for the quarter was Rs. 154.2 crore. The company also reconstituted its board committees, effective from September 26, 2024. CEAT LTD. highlighted its strategic focus on premiumizing passenger car tyres and front-loading CAPEX to meet rising demand. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c2810517-6f1f-4a56-981c-856703d7422f.pdf |
Dalmia Bharat Ltd reported a 6.2% YoY increase in sales volume to 7.4 MnT and a 9.2% YoY rise in EBITDA to Rs 669 Cr for Q1 FY25. The company's renewable energy consumption increased to 35%. CO2 emissions were recorded at 467 kg/Ton of cement. |
South Indian Bank Ltd. has shown significant financial performance for Q1-FY25. The bank reported a Profit After Tax (PAT) of INR 294 Cr, marking a 46% year-on-year increase. Total business (advances + deposits) grew by 10% YoY to INR 1,83,661 Cr. The Gross NPA stood at 4.50%, while Net NPA was 1.44%, indicating improved asset quality. The Net Interest Margin (NIM) was 3.26%. The bank's CASA ratio was 32.06%, and it maintained a CRAR Basel III of 18.11%. The bank's digital transactions accounted for 97.79% of total transactions, reflecting its strong focus on digital banking. https://www.bseindia.com/xml-data/corpfiling/AttachLive/182496bb-6030-4e27-a65d-912c80faed55.pdf |
Choice International Ltd. reported a significant 45.49% YoY growth in revenue from operations for Q1FY25, reaching ₹20,064 lakhs. The company's EBITDA margin stood at 28.28%, with a PAT margin of 15.54%. The total loan book for their NBFC segment was ₹4.53 billion, with a provision coverage ratio (PCR) of 54.31%. The insurance segment saw a 39% increase in premium generated, totaling ₹625 million. The company also highlighted its expanding PAN India reach and diversified product offerings across various financial services. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a700dbd4-e7ea-4501-8365-651f3cc8adcd.pdf |
JSW Infrastructure Ltd reported a robust performance for Q1 FY2025, with total cargo handled reaching 27.8 MT, marking a 9% YoY growth. The company achieved a total revenue of ₹1,104 Crore, up 20% YoY, and an EBITDA of ₹609 Crore, up 24% YoY. The PAT stood at ₹297 Crore, despite a slight decline of 8% YoY. |
Sterling and Wilson Renewable Energy Ltd is a leading global provider of solar EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) solutions. The company boasts an impressive EPC portfolio of 19.4 GWp and an O&M portfolio of 8.2 GWp across 28 countries. In 1Q FY25, the company reported consolidated revenues up by 78% YoY, with gross margins at 11.1%. The unexecuted order value stood at approximately INR 9,396 crore as of June 2024, with new orders worth INR 1,016 crore received during the quarter. The company also achieved a second consecutive quarter of positive EBITDA, PBT, and PAT at a consolidated level, with net debt reduced to INR 97 crore. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9cf255d4-ec81-4cc6-81e3-6e7fec74ba44.pdf |
Persistent Systems Ltd. reported a Q1 FY25 revenue of 328.2million∗∗, marking a 16.0% YoY growth and a 5.6% QoQ increase. The company's TTM revenue reached 328.2million∗∗, marking a $1,231.3 million with a 14.3% YoY growth. EBIT margin for the quarter was 14.0%, showing a 10.8% YoY increase. The market capitalization stood at $7.8 billion as of June 30, 2024. Employee strength was 23,519, with a utilization rate of 82.1%. The company also achieved a revenue CAGR of 17.0% from IPO to FY24 and 24.0% CAGR between FY20 and FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f537b66d-0962-4341-85b2-3430ecd9c20c.pdf |
GE Power India Ltd is a company operating in the power sector with a corporate office in Noida and a registered office in Mumbai. The company's core services include parts, service, and repair of products like boilers, turbines, and generators. They also provide air quality control systems to various customers including utility companies and independent power producers. GE Power India Ltd pursues margin and cash accretive opportunities in the market, with a focus on supplying equipment like flue-gas desulphurization equipment and boiler pressure parts to specific countries. The company aims to expand its market presence in regions like MENAT (Middle East, North Africa, and Turkey), APAC (Asia Pacific), and SSA (Sub-Saharan Africa), with an annual market size of approximately INR 18,000 crores. (Cin-L74140mh1992plc068379 & Tiwari, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/cbe61577-439b-4f64-8af7-5d42dd3431ef.pdf |
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Apollo Tyres Ltd. has demonstrated robust financial performance in FY24, achieving a revenue of INR 253,777 Mn and an EBITDA of INR 44,473 Mn with a margin of 17.5%(**APOLLO TYRES LTD.**_7/18/2024_110, n.d.**). The company has a strong market presence with 7,200 dealers in India and 6,600 in Europe, and operates 7 manufacturing plants and 2 R&D centers(**APOLLO TYRES LTD.**_7/18/2024_110, n.d.**). |
LESHA INDUSTRIES LIMITED is conducting a rights issue offering up to 1,76,000,000 equity shares at an issue price of ₹2.80 per share, including a premium of ₹1.80 per share, totaling ₹49,28,00,000. The rights issue is on a basis of 8 shares for every 5 held by eligible equity shareholders as of July 12, 2024. The Last Date for On Market Renunciation has been extended to Tuesday, July 30, 2024, as per SEBI regulations. Shareholders are advised to ensure timely completion of renunciation for credit to demat accounts before the Issue Closing Date. (LESHA INDUSTRIES LTD._7/18/2024_106, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/022903ae-4238-407b-8f97-858556eed5a4.pdf |
Capfin India Ltd has shown significant performance in the stock market, particularly in the microcap segment. The Nifty Microcap 250 Index has surged by approximately 29% in the calendar year 2024, outperforming other indices such asNifty 50, Nifty Midcap 150, and Nifty Smallcap 100. This growth is attributed to increased investor interest in microcap stocks, driven by the earnings growth of several companies. Some notable microcap stocks such as IFCI Limited, Kirloskar Brothers, Azad Engineering, Puravankara, and Ganesh Housing Corporation have seen up to 160% gains, doubling investors' money. However, some stocks like Jaiprakash Associates and India Pesticides have experienced declines of up to 65%. Investors are advised to exercise caution due to the high valuations and the need for sustained earnings growth to maintain the momentum. |
Reliance Industrial Infrastructure Ltd. reported its financial performance for the quarter ended June 30, 2024. The total income for the quarter was ₹**1,843.01 Lakh**, a decrease from ₹**2,062.66 Lakh** year-over-year, attributed to lower utilization of infrastructure assets. The net profit stood at ₹**289.94 Lakh**, slightly up from ₹**281.71 Lakh** in Q1 FY 2023-24. The earnings per share (EPS) before exceptional items was ₹**1.92**, reflecting a 3% increase from ₹**1.87** in the same quarter of the previous year. The company continues to provide infrastructure support services, including the transportation of petroleum products and raw water through pipelines, primarily to Reliance Industries Limited. There are no current expansion plans. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbf9ce44-7c11-41cb-8abd-f3ba9f3ef877.pdf |
Tech Mahindra Ltd. has announced the merger of its wholly-owned step-down subsidiary, vCustomer Philippines (Cebu), Inc., with its parent company, vCustomer Philippines Inc., effective from April 1, 2024. This merger, approved on July 18, 2024, aims to enhance operational efficiencies and reduce costs. |
SONATA SOFTWARE LTD. completed the merger of GAPbuster Limited, UK and GAPbuster Europe Limited, UK with Sonata Europe Limited, UK, a wholly owned subsidiary. The merger was announced on 18th July, 2024, following a previous acquisition in March 2020. The transaction did not involve related party transactions and did not result in any change in the shareholding pattern of Sonata Software Limited. The rationale for the merger was operational convenience in the Information Technology services sector. (Mangal et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/13935105-6e20-46e2-8b7f-47d6948f6187.pdf |
Royal Sense Ltd has announced the launch of its new medical device, the Stergic Iris Arm Sling, on July 18, 2024. This product is designed to support and immobilize the arm and shoulder after injury or surgery, aiding in recovery and comfort. The arm sling is intended for the domestic market and aims to reduce movement in the injured area, promoting healing and reducing pain and discomfort. The device is part of Royal Sense Ltd's commitment to providing innovative diagnostic solutions and improving patient care in the medical field. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7d4e906-6ce3-4d06-932f-f139301a939a.pdf |
Sterling and Wilson Renewable Energy Ltd has announced a change in its senior management personnel. Effective July 22, 2024, Mr. Arvind Kumar Pandey will join as Head-Projects, bringing over 28 years of experience in project and construction management, project development and execution, and renewable energy operations. |
FOOTWEAR LIMITED is currently subject to an open offer by Navigant Corporate Advisors Limited on behalf of Acquirers Mr. Nitin Minocha and Copo Holdings Private Limited to acquire 26% of the company's equity shares. The offer is for 3,510,000 fully paid-up equity shares, constituting 26% of the voting share capital, totaling Rs. 2,45,70,000. The offer is triggered under SEBI (SAST) Regulations, 2011, and is not conditional on a minimum acceptance level. The Acquirers have undertaken to comply with SEBI regulations and have the financial resources to fulfill the offer obligations. |
Capfin India Ltd has shown significant growth in its financial performance for the year ending March 31, 2024. The company's revenue from operations increased to Rs. 64,446.33 lakhs from Rs. 50,269.61 lakhs in the previous year. The net profit before tax for the period stood at Rs. 2,610.42 lakhs, compared to Rs. 2,554.76 lakhs last year. The net profit after tax was Rs. 1,981.83 lakhs, up from Rs. 1,858.54 lakhs. The earnings per equity share (basic) for the year were Rs. 3.74, reflecting a positive trend in the company's profitability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2B325816-2E99-49CB-95D1-92C9E4C73342-112514.pdf |
NB Footwear Ltd. is undergoing a significant transaction where Nitin Minocha (Acquirer-1) and Copo Holdings Private Limited (Acquirer-2) have initiated an open offer to acquire up to 35,10,000 equity shares at Rs. 7.00 per share, representing 26.00% of the company's fully paid-up equity and voting share capital. This offer follows the execution of a Share Purchase Agreement (SPA) dated July 17, 2024, where the acquirers agreed to purchase 50,00,000 equity shares constituting 37.04% of the company's equity from existing promoters. The total consideration for the open offer is Rs. 2,45,70,000 and will be paid entirely in cash. https://www.bseindia.com/xml-data/corpfiling/AttachLive/F0CA931B-ACA9-4C80-A32A-B54C745E2DF8-083339.pdf |
4. Preferential BasisVodafone Idea Ltd has announced the allotment of 41,52,02,701 equity shares with a face value of Rs 10 each at an issue price of Rs 14.80 per share, including a premium of Rs 4, to Nokia Solutions and Networks India Private Limited (25,67,56,756 shares) and Ericsson India Private Limited (15,84,45,945 shares). This preferential allotment, approved by the Capital Raising Committee on July 18, 2024, aggregates to Rs 614.5 crores. Following this allotment, the company's paid-up equity share capital has increased to Rs 688,692,891,740, comprising 68,869,289,174 equity shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e6865de-e2f9-49ab-afe8-649d9d6f6a4e.pdf |
Niks Technology Ltd announced the outcome of its Board of Directors meeting held on July 18, 2024. The board approved the allotment of 15,000 equity shares at a face value of INR 10 each, following the conversion of 15,000 fully convertible equity warrants issued on December 1, 2023, at an issue price of INR 300 each. This preferential allotment was made to Aumit Capital Advisors Limited, a public non-institutional body corporate. Consequently, the company's paid-up equity share capital increased from INR 42,50,000 to INR 44,00,000, with the total number of equity shares rising from 4,25,000 to 4,40,000. The board meeting commenced at 03:00 PM and concluded at 05:30 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0257b518-1b0e-46d5-b744-341a9680654e.pdf |
Integrated Industries Ltd recently experienced a change in stake in its subsidiary company, Nurture Well Food Private Limited. The subsidiary allotted 15,625 fully paid equity shares to India Inflection Opportunity Trust, resulting in company's stake in Nurture Well Food Private Limited decreasing from 100% to 80%. This information was shared in a communication to the Manager (Listing Department) of BSE Limited. The company's Corporate Office is located in Sector-2, Noida, India. |
In the document related to Welcure Drugs & Pharmaceuticals Ltd., the company announced the allotment of 9,90,00,000 fully convertible warrants on a preferential basis at an issue price of Rs. 10/- each. Each warrant is convertible into one equity share with a face value of Rs. 10/-. The allottees from the non-promoter, public category were listed, with each receiving a specific number of warrants. The Board of Directors approved this allotment in a meeting held on July 18, 2024. The warrants are subject to certain lock-in periods and conversion conditions as per SEBI regulations. (WELCURE DRUGS & PHARMACEUTICALS LTD._7/18/2024_108, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3525a10e-c4ef-4f5c-9ea5-d7293a106006.pdf |
Phoenix Township Ltd has scheduled a Board Meeting on July 25, 2024, to discuss raising funds through the issuance of: |
Vodafone Idea Ltd has announced the allotment of 41,52,02,701 equity shares at a face value of Rs 10 each, issued at Rs 14.80 per share, including a premium of Rs 4. This allotment, approved by the Capital Raising Committee on July 18, 2024, includes 25,67,56,756 shares to Nokia Solutions and Networks India Private Limited and 15,84,45,945 shares to Ericsson India Private Limited, totaling Rs 615 crores. Following this, the company's paid-up equity share capital has increased to Rs 684,540,864,730, comprising 68,454,086,473 equity shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff08b39b-2b17-4ebe-87d3-33daac911c31.pdf |
Natural Biocon (India) Ltd recently held a Board Meeting on July 18, 2024, where they approved the Preferential Issue of 1,44,10,000 Equity Shares to non-promoters at a price of Rs. 13.50 per share. The company received Rs. 54,00,000 in Share Application money from 3 proposed allottees out of 7. The Board also formed a "Preferential Allotment Committee" for the allotment of equity shares. The trading window for the company's equity shares will be closed for forty-eight hours after the meeting's outcome is announced. (To, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b25f9f3-9ddd-4756-a93c-a879131bcca7.pdf |
Captain Technocast Ltd held an Extra-Ordinary General Meeting on 18th July 2024 to approve the issuance of 14,00,000 Convertible Warrants. The warrants are to be converted into an equal number of equity shares within 18 months from the date of allotment. The allottees and the number of warrants allocated to each were specified in the disclosure: |
5. Press releasesL&T Technology Services Ltd reported its Q1 FY25 results with a revenue of ₹24,619 million, reflecting a 7% YoY growth. The USD revenue stood at $391 million, marking a 6% YoY increase in constant currency. The EBIT margin was 15.6%, and the net profit was ₹3,136 million, showing a 0.8% YoY growth. The company secured significant deals, including two worth ₹2,950 million and $40 million each, and several others ranging from ₹10 million to ₹15 million. LTTS also achieved recognition as a Great Place to Work™ in the US and Poland and was named the Most Innovative Company of the Year 2024-25 by ET Now. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ada69784-7b2a-47fc-b5d5-9ff540657b18.pdf |
Tanla Platforms Ltd announced its financial results for Q1 FY25, showcasing significant growth. |
Rallis India Limited reported its unaudited financial results for Q1 FY25, with revenue at ₹783 Crore, consistent with ₹782 Crore in Q1 FY24, and a PAT of ₹48 Crore, down from ₹63 Crore in the previous year. |
Standard Capital Markets Limited has announced a strategic investment in Paisalo Digital Limited to enhance financial inclusion in rural India. This collaboration, revealed on July 18, 2024, aims to bridge the financial gap in underserved regions by leveraging SCML's expertise in technology and innovation. The investment will enable Paisalo Digital to expand its reach, offering more flexible lending criteria and targeted financial products. Ram Gopal Jindal, MD of SCML, emphasized the partnership's alignment with their commitment to driving positive social and economic change. This marks a significant milestone in empowering rural India through financial inclusion. https://www.bseindia.com/xml-data/corpfiling/AttachLive/758513b1-c31e-4c73-a447-11c81dc1f990.pdf |
CEAT LTD. reported its unaudited financial results for Q1 FY25, showing consolidated revenue of ₹**3,192.8 crore**, a growth of 6.7% QoQ and 8.8% YoY. The EBITDA margin stood at 12.2%, a contraction of 124 bps QoQ and 95 bps YoY. Net profit was ₹**154.2 crore**, reflecting a 50.8% QoQ increase. |
Radico Khaitan Ltd. has announced a partnership with Saregama to launch the Magic Moments Music Studio, an innovative music series aimed at celebrating diverse musical talent across genres and generations. The series will feature 10 episodes released weekly on Saregama Music's YouTube channel, showcasing performances by celebrated artists like Prateek Kuhad, King, and Ronan Keating, as well as emerging talents. This collaboration aims to bridge the gap between budding musicians and established artists, offering a unique musical journey for fans worldwide. |
D.P. Abhushan Ltd has reported a 7% increase in total revenue and a 60% rise in net profit after tax for Q1 FY 2024-25 compared to the same quarter of the previous financial year. The company's total revenue for the quarter ended June 30, 2024, was ₹505 crores, up from ₹471 crores in the same quarter last year. Net profit after tax for the same period was ₹25.06 crores, compared to ₹15.62 crores in the previous year. Additionally, the company announced the construction of three new showrooms: a 12,000 sq. ft. showroom in Ratlam, a 7,700 sq. ft. showroom in Neemuch, and a 6,000 sq. ft. showroom in Ajmer. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b806b048-b5cd-43f7-8209-3a90223ac059.pdf |
D.P. Abhushan Ltd reported a remarkable 60% YoY growth in net profit for Q1FY25, with revenue at ₹505 crores, EBITDA at ₹38 crores, and net profit at ₹25 crores. The company saw a 7% increase in total revenue compared to Q1FY24 and a significant 52% rise in EBITDA. The Bhopal store was a key revenue driver with an 18% YoY growth, while Ujjain and Indore stores also contributed significantly with 17% and 12% growth, respectively. The company plans to expand its store count from 8 in FY24 to 20 by FY28, focusing on Madhya Pradesh, Rajasthan, Chhattisgarh, and Gujarat. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b7ce7eb-3b71-4b66-8d33-ee6b983698b6.pdf |
GPT Infrapprojects Limited has announced a significant contract enhancement valued at Rs 103 Crore. The enhancement involves existing contracts with NHAI, New Delhi and Eastern Railway, Kolkata. |
Choice International Ltd. reported a stellar performance for Q1 FY25, with total revenue increasing by 48% YoY to Rs. 205.9 Cr and EBITDA rising by 55% to Rs. 58.2 Cr, achieving an EBITDA margin of 28.27%. The company's PAT grew by 51% to Rs. 32.0 Cr, with a PAT margin of 15.54%. |
South Indian Bank Ltd. reported a robust net profit of Rs. 294 Cr. for Q1 FY 2024-25, marking a significant growth of 45% compared to Rs. 202 Cr. in Q1 FY 2023-24. The bank's operating profit increased by 3.56% to Rs. 507.68 Cr. from Rs. 490.24 Cr. in the previous year. key performance indicators showed improvement, with Gross NPA reducing by 63 bps to 4.50% and Net NPA dropping by 41 bps to 1.44%. Net interest income rose by 7.18% to Rs. 865.77 Cr. Additionally, the bank saw a growth in retail deposits by 8.37% and NRI deposits by 6.06%. The capital adequacy ratio stood at 18.11% in June 2024, up from 16.49% in June 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1bd2135d-633e-40a4-9e03-82cb54a59a4f.pdf |
Dr. Reddy's Laboratories Ltd. announced a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited to commercialize Vonoprazan tablets in India. |
Moneyboxx Finance Ltd announced an equity raise of INR 271 crore during its board meeting on July 17, 2024. This capital infusion includes: |
Gopal Snacks Ltd reported its unaudited financial results for Q1 FY 2025, showcasing a revenue from operations of ₹**354 Crores**, marking an 11.2% year-over-year (YoY) growth.The company's gross profit stood at ₹**102.8 Crores** with a gross margin of 29.0%. Despite a 16.1% YoY decline in EBITDA to ₹**40.9 Crores**, the EBITDA margin was 11.5%. The PAT was ₹**24.3 Crores**, reflecting a 14.3% YoY decrease. |
Dalmia Bharat Ltd reported its Q1 FY25 financial results, showcasing a 6.2% YoY increase in sales volume to 7.4 MnT and a 9.2% rise in EBITDA to Rs. 669 Cr. The EBITDA margin improved to 18.5%, up from 16.9% YoY. The company also highlighted its commitment to renewable energy, with renewable energy consumption rising to 35% and securing 127 MW through new agreements. Additionally, Dalmia Bharat commissioned 1 MnT cement capacity each at its Ariyalur and Kadapa units, bringing its total installed capacity to 46.6 MnT in India. The company aims to increase its capacity to 110-130 MnT by 2031. https://www.bseindia.com/xml-data/corpfiling/AttachLive/230a9f53-0b21-49b5-b335-5c801d6dae00.pdf |
JSW Infrastructure Ltd reported its Q1 FY25 results, showcasing significant growth. The company handled 27.8 million tonnes of cargo, a 9% YoY increase, driven by new assets and higher capacity utilization. |
Tata Technologies Ltd partnered with Arm to innovate in software-defined vehicles (SDVs), aiming to reduce development time for automotive OEMs. The collaboration focuses on developing solutions leveraging Arm's Automotive Enhanced (AE) technologies and Tata Technologies' automotive domain expertise. This strategic partnership aims to accelerate the development of AI-enabled vehicles, enhancing functionality, safety, and user experiences in the evolving automotive industry. According to Warren Harris, CEO of Tata Technologies, the commitment is to engineering a better world through this collaboration, expecting significant time-to-market benefits for the automotive industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cfc9696c-262b-4254-be54-c706d932d8f4.pdf |
Tata Technologies Limited announced financial results for the quarter ended June 30, 2024, with key highlights including: |
Persistent Systems Ltd. reported $328.2 million revenue in Q1 FY25, representing a 5.6% Q-o-Q and 16.0% Y-o-Y growth. The company pivoted to an AI-led, platform-driven services approach, achieving significant financial milestones. In Q1 FY25, Persistent Systems secured client wins across various industries, showcasing their expertise in delivering innovative solutions. Notable acquisitions and strategic partnerships were made to enhance their AI capabilities and data management solutions. The company received prestigious awards and recognitions for their leadership and excellence in digital engineering services. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1265a9c-03a2-49da-a9c0-4df38196b830.pdf |
In the document provided, Blue Cloud Softech Solutions Ltd secured a strategic 'AI Transformation' Project from Vidyavikas Education Group. The project involves deploying flagship AI products: 'Emotifics' and 'Edugenie' in Vidyavikas College and Schools. |
In the press release from Polycab India Ltd, the company reported its financial results for the first quarter ended June 30, 2024. The key highlights include: |
Polycab India Ltd reported impressive financial results for the first quarter ended June 30, 2024. The company achieved its highest-ever first quarterly revenue of ₹**46,980 Mn**, up 21% Year-on-Year (YoY). EBITDA stood at ₹**5,834 Mn**, up 6% YoY, while the Profit After Tax (PAT) was ₹**4,016 Mn**, showing a slight decrease of -0.4% YoY. |
LTIMindtree Ltd announced a multi-million dollar contract extension with Absa Bank, solidifying its position as the bank's strategic technology partner. The partnership, spanning 17 years, focuses on digital transformation, AI, cloud acceleration, data-driven decision-making, and core banking modernization. Through process optimization and advanced technology, LTIMindtree helped Absa Bank lower total cost of ownership by 46% over the last 5 years. This collaboration aims to enhance customer experiences and drive business growth in the African financial services sector. (LTIMindtree Ltd_7/18/2024_91, n.d) https://www.bseindia.com/xml-data/corpfiling/AttachLive/70c1d9ad-266d-485c-944b-a9f96896a563.pdf |
Absa Bank reaffirms LTIMindtree as a Strategic Technology Partner in its Transformation Journey. The extended partnership is a multi-million dollar contract extension that builds upon a successful 17-year collaboration. LTIMindtree will provide comprehensive services including Digital Transformation, Applied AI, Cloud Acceleration, Data-Driven Decision Making, and Core Banking Modernization to bolster Absa Bank's digital infrastructure. (- 140005_7/18/2024_92, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/70c1d9ad-266d-485c-944b-a9f96896a563.pdf |
Sterling and Wilson Renewable Energy Ltd reported a robust performance in Q1 FY25 with a 78% YoY revenue growth. The company achieved an order inflow of approximately INR 2,170 crore from 5 new projects, showing a strong commitment to excellence and innovation. SWREL also saw positive trends in EBIDTA, PBT, and PAT for the second consecutive quarter, with a healthy gross margin of 11%. The net debt improved to INR 97 crore in June 2024 from INR 116 crore in March 2024, indicating a positive financial trajectory. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d29e5c44-6afc-4572-b239-e71c45153793.pdf |
Mahindra & Mahindra Financial Services Ltd. has entered into a strategic partnership with TATA AIG to broaden the distribution of non-life insurance products. This collaboration aims to enhance financial security for over 10 million Mahindra Finance customers through TATA AIG's tailored insurance products, including health, accidental, motor, and other non-life insurance solutions. The partnership focuses on delivering customer-centric insurance solutions to cater to the diverse needs of individuals and families across various regions. (Bhosale, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/326c6874-8026-419d-bfe4-be1754ee1f09.pdf |
Newgen Software Technologies Ltd had a strong financial performance in FY'24 with a revenue of Rs 12,438 million (28% YoY growth), PAT of Rs 2,516 million (42% YoY growth), EBITDA of Rs 2,883 million (23% EBITDA Margin), and annuity revenues of Rs 7,498 million (26% YoY growth) as of March 31, 2024(Mourya, n.d.). The company reported revenues of Rs 315 crore in Q1 FY'25, showing a 25% YoY growth, with a profit after tax of Rs 48 crore (58% YoY growth)(Mourya, n.d.). Newgen also added 13 new customer logos during the quarter and launched a new product named Newgen LumYn, a Gen AI-powered hyper-personalization platform for the banking sector(Mourya, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/6aee1fd7-99a5-4bc7-955b-942154cb5f51.pdf |
Central Bank of India reported positive financial performance for the first quarter and three months ending June 30, 2024. Total business grew by 8.97% to ₹**635,564 crore**, with total deposits increasing by 5.93% to ₹**384,949 crore**. Gross advances rose by 13.99% to ₹**250,615 crore**. Notably, net profit surged by 110.53% to ₹**880 crore** year-on-year, with net interest income reaching ₹**3,548 crore** for the quarter. The bank's net interest margin stood at 3.57%, and return on assets improved to 0.82%. Additionally, the provision coverage ratio increased to 96.17%, and the bank's capital adequacy ratio improved to 15.68%. (Chander Mukhi, Nariman Point, Mumbai -400 021) https://www.bseindia.com/xml-data/corpfiling/AttachLive/99432fa9-cdc9-47a6-b84b-f77875f14e8a.pdf |
IndusInd Bank Ltd. has launched the '**Wrestle for Glory**' program, a CSR initiative in collaboration with the Inspire Institute of Sport (IIS) at their Vijayanagar facility. This program aims to empower over 50 talented female wrestlers from across India by providing them with fully-funded scholarships for coaching at the IIS. The initiative includes access to top-tier training facilities, expert coaching, sports science resources, cutting-edge equipment, nutritional support, and educational assistance. IndusInd Bank's CSR efforts focus on inclusivity and sporting excellence, aiming to foster national pride and support athletes from diverse backgrounds.(**Inspire Institute of Sport’s Vijayanagar facility**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/b0d8464e-944b-48b4-929f-25ce46398162.pdf |
Tata Power Co. Ltd. has announced a significant partnership between its subsidiary, Tata Power Renewable Energy Limited (TPREL), and NHPC Renewable Energy Limited (NHPC-REL) to implement rooftop solar projects across government buildings under the PM Surya Ghar Yojana Scheme. This initiative aims for 100% solarisation of government buildings by December 2025. The MoU was signed on July 17, 2024. |
Greaves Cotton Ltd. has announced that its subsidiary, Greaves Electric Mobility Private Limited (GEMPL), has launched the Eltra City E3W electric 3-wheeler at an affordable price of Rs. 3,66,999. |
Hi-Tech Pipes Ltd. has achieved a record-breaking sales volume of 1,22,155 MT in Q1FY25, marking a 45% year-over-year increase from 84,489 MT and a 13% quarter-over-quarter rise from 1,07,721 MT in Q4FY24. This milestone underscores the company's strategic initiatives, including product line expansion, enhanced marketing efforts, and process optimizations. The new manufacturing facility, Sanand Unit II Phase 1 in Gujarat, has significantly contributed to this achievement, boosting production capacity and efficiency. The company operates six state-of-the-art manufacturing facilities with an installed capacity of 7,50,000 MTPA, aiming to reach 1 million tonnes in FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/340bb659-30a0-447d-8881-0a9d48a55841.pdf |
ITI Limited is set to showcase its technology, manufacturing, and services capabilities at the Strategic Electronics Summit 2024 (SES 2024), scheduled for 17th-18th July 2024 at The Lalit Ashok Hotel, Bengaluru. The company will demonstrate its expertise in: |
SAMHI Hotels Ltd has announced significant changes under Regulation 30 of the SEBI LODR Regulations. The company has signed management agreements with Marriott Hotels India Private Limited for its assets in Ahmedabad, Chennai OMR, Chennai Mahindra World City, Pune, Hyderabad, and Jaipur. This transition will shift these assets from a franchise model to being managed and operated by Marriott. |
Sagar Cements Ltd. reported a 4% YoY increase in revenue to ₹**561 crore** for Q1 FY25, with a 9% rise in sales volume to 1.28 MnT. The company's EBITDA margin improved to 8%, with an EBITDA per ton of ₹**356**. despite a 9% decrease in net realization per ton to ₹**4,170**, total expenditure per ton dropped by 12% to ₹**3,814**. |
Crompton Greaves Consumer Electricals Ltd has announced the launch of a new product, the Rapidjet Plus Storage Water Heater, on July 18, 2024. This product is designed for the domestic market and is part of the company's ongoing efforts to adopt good corporate governance practices. The launch has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, although it does not meet the threshold of materiality. The announcement was made by Rashmi Khandelwal, the Company Secretary & Compliance Officer. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f95aa581-4118-456f-ad62-7a9c86f85347.pdf |
Bombay Dyeing & Mfg. Co. Ltd. has disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 that it has executed the Transaction Documents on 18th July, 2024, to acquire up to 26% equity stake in AMP Energy C&I Twenty Seven Private Limited. This acquisition will be done in one or more tranches and is aimed at setting up a captive solar power project in Maharashtra. This follows a prior disclosure made on 6th May, 2024, regarding the Share Purchase, Subscription, and Shareholders' Agreement (SPPSA) along with the Power Purchase Agreement and Option Agreement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7ba2f45-ad51-418f-bdf8-eb59ca23f2c5.pdf |
SpiceJet Limited has announced a Board of Directors meeting scheduled for July 23, 2024, to consider and approve raising fresh capital through the issuance of eligible securities to qualified institutional buyers via qualified institutional placement. This move is in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 and other applicable laws, pending shareholder and regulatory approvals. The company aims to enhance its financial position and support its growth strategies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/39d450e9-1120-4aa9-bac7-d8fced8806d1.pdf |
JTL Industries Ltd has announced a proposed Qualified Institutions Placement (QIP) of equity shares with a face value of ₹2 each. The equity shares to be offered are subject to approval by the board on December 18, 2023. A special resolution was passed on January 18, 2024, and the Fund-Raising Committee approved the opening of the issue on July 18, 2024. The proposed issue is being made in accordance with the provisions of the SEBI ICDR Regulations. The floor price per share for the issue has been set at ₹221.57.** The company may offer a discount of up to 5% on this floor price. The trading window for dealing in the company's securities is closed for all designated persons. It will reopen no earlier than 48 hours after the issue price is determined. https://www.bseindia.com/xml-data/corpfiling/AttachLive/af72341b-5e78-4b32-a32b-c95c783bad85.pdf |
6. New AcquisitionsCoromandel International Ltd. has announced the acquisition of an additional equity stake in Coromandel Crop Protection Philippines Inc. (CCPP). Coromandel International is increasing its ownership from 40% to 93.23% through an infusion of USD 193,000. |
Maestros Electronics & Telecommunications Systems Ltd held a Board meeting on July 18, 2024, where they approved the Un-Audited Financial Results for the quarter ending June 30, 2024. The company reported a total income of ₹**920.93 lakhs** and a profit before tax of ₹**169.17 lakhs**. Additionally, the Board approved the incorporation of a wholly-owned subsidiary, Carebridge Technologies India Private Limited., with an investment of up to ₹**1 crore**. The new subsidiary will focus on telehealthcare and telemedicine. The incorporation is expected to be completed by October 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5133fb53-9c46-4055-94e2-83f6c78197da.pdf |
Shoppers Stop Ltd. has approved an additional investment of up to Rs 5 Crores in its wholly-owned subsidiary, Global SS Beauty Brands Limited (GSBBL), through a Rights Issue of 500 preference shares at a face value of Rs 1,00,000 each. This brings the total approved investment in GSBBL to Rs 60 Crores. The investment aims to support GSBBL's business of distributing beauty products. |
VL E-Governance & IT Solutions Ltd has signed a binding term sheet with Edgewood Ventures LLC, USA for acquiring a 26% equity stake in HAL-Edgewood Technologies Private Limited (HETL) on 18th July 2024. |
7. Credit RatingSBFC Finance Ltd has received an upgraded credit rating from CARE Ratings Limited. The rating has moved from CARE A+ (outlook-Positive) to CARE AA- (outlook-Stable). This upgrade applies to their long-term bank facilities amounting to ₹200 crore. |
Adani Ports and Special Economic Zone Ltd. has received an upgrade in its credit rating from ICRA Limited, moving from AA+/Stable to AAA/Stable(Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, Adani Corporate House Nr. Vaishno Devi Circle Shantigram et al., n.d.). The updated ratings include long-term fund-based/non-fund-based facilities at Rs 10,020 crore and non-convertible debentures at Rs 17,000 crore, both assigned AAA; Stable(Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, Adani Corporate House Nr. Vaishno Devi Circle Shantigram et al., n.d.). Additionally, the commercial paper rating has been reaffirmed at A1+ for Rs 6,700 crore(Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, Adani Corporate House Nr. Vaishno Devi Circle Shantigram et al., n.d.). This information is also available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/92026dea-21e8-4c0e-af9f-0d598b5775f1.pdf |
Polycab India Ltd has received an affirmation of its credit rating from India Ratings and Research (Ind-Ra) as of July 17, 2024. The rating for the fund-based working capital limit is IND AA+/Positive/IND A1+, while the non-fund-based working capital limit and proposed non-fund-based working capital limit are rated IND A1+. This rating reflects the company's strong financial health and positive outlook. The official communication was made on July 18, 2024, by Manita Carmen A. Gonsalves, the Company Secretary & Head Legal of Polycab India Limited. |
Dhanuka Agritech Ltd. has received a credit rating of '**CARE AA; Stable / CARE A1+**' from CARE Ratings Limited for its bank facilities. The company, engaged in manufacturing agro-chemicals, has a strong financial profile with zero long-term debt and a robust capital structure. In FY24, it reported a total operating income of ₹**1,758.54 crore** and a PBILDT margin of 18.63%. The company benefits from long-standing relationships with reputed MNCs like Nissan Chemicals, contributing to 40-50% of its revenue. |
KEWAL KIRAN CLOTHING LIMITED acquired 50% stake in Kraus Casuals Private Limited on July 18, 2024, making KCPL its subsidiary. The total holding in KCPL is 16,65,05,000 equity shares of Rs. 10 each. The acquisition cost was ₹166.51 crores, enhancing the company's offerings in women's denim and casual wear. KCPL, a women's clothing manufacturer, had a turnover of ₹176 Cr in FY 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/57ba42ab-dd1a-422c-89d8-e04b5fe2f3d9.pdf |
8. ResignationsOASIS SECURITIES LTD. has announced the resignation of its Chief Financial Officer (CFO), Mr. Narendra Kedarnath Thanvi, effective from 18th July 2024. The resignation is due to a change in management, and Mr. Thanvi has confirmed that there are no other material reasons for his departure. The Board of Directors approved his resignation in their meeting held on the same date. The company has complied with the necessary regulatory requirements as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d83c91a1-3a6b-4d8f-b21d-5ff16e2d5c83.pdf |
OASIS SECURITIES LTD. announced the resignation of Mr. Anil Kumar Bagri (DIN: 00014384) as the Managing Director, effective from 18th July 2024. This decision follows the Share Purchase Agreement (SPA) and Open Offer. Mr. Bagri confirmed that his resignation is solely due to these reasons and not for any other material reasons. The Board of Directors approved this change during their meeting on the same date. The requisite details regarding this change are enclosed in Annexure A. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6ab28a94-a6b4-4279-b339-52371fb4d327.pdf |
Inventure Growth & Securities Ltd. announced a significant change in its auditing firm on July 18, 2024. The previous auditors, M/s. PPV & Co., resigned due to their decision to withdraw from audit practice under their existing proprietary firm structure. The Board of Directors, following the Audit Committee's recommendation, approved the appointment of M/s. CGCA & Associates LLP as the new statutory auditors. This appointment is subject to shareholder approval at the upcoming Annual General Meeting and will be effective for five years, concluding at the 34th AGM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b11472ee-8844-425a-a47b-afec87ad5bfb.pdf |
Tata Consumer Products Ltd has announced a meeting of its Capital Raising Committee on July 23, 2024. The agenda includes discussing and deciding on various aspects of a Rights Issue approved by the Board on January 19, 2024. This involves issuing equity shares with a face value of ₹1 each, aiming to raise up to ₹**3,000 crore**. The meeting will determine the Rights Issue price, payment mechanism, rights entitlement ratio, record date, and timing. This action is in compliance with the Companies Act, 2013, and SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3abab033-7690-43b3-beac-dc0421878233.pdf |
Godrej Consumer Products Ltd. announced the completion of a significant realignment under the Family Settlement Agreement (FSA) dated April 30, 2024. The realignment, involving key promoter group members Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Ms. Smita Godrej Crishna, was finalized on July 18, 2024. |
Astec LifeSciences Limited announced the completion of a significant realignment under the Family Settlement Agreement (FSA) dated April 30, 2024. The realignment, involving key members of the promoter group and Godrej Agrovet Limited, was finalized on July 18, 2024. This update follows previous intimations on April 30, June 19, and June 26, 2024. The company has received a letter from the heads of the respective family branches confirming the completion of the realignment, which is crucial for the company's strategic direction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2eb1612-c892-4725-bcb1-ba65d15919d4.pdf |
Godrej Agrovet Ltd has announced the completion of a significant realignment under the Family Settlement Agreement (FSA) dated April 30, 2024. This realignment, involving key members of the promoter group including Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Ms. Smita Godrej Crishna, was finalized on July 18, 2024. The company had previously informed the stock exchanges about the expected completion dates on April 30, 2024, June 19, 2024, and June 26, 2024. The completion of this realignment marks a crucial update under Regulation 30 and Regulation 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9487b0cf-0846-4d97-981f-01ee38e3fbbc.pdf |
Godrej Properties Ltd has announced the completion of a significant realignment under the Family Settlement Agreement (FSA) dated April 30, 2024. This realignment, involving key members of the promoter group—Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Ms. Smita Godrej Crishna**—was finalized on July 18, 2024. The company had previously informed the stock exchanges about this process on April 30, June 19, and June 26, 2024. The completion of this realignment marks a crucial step in the company's strategic restructuring efforts. (Karyekar, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/f494b4bd-28c6-451d-b59d-3d27d7074adb.pdf |
Godrej Industries Ltd. announced the completion of a significant realignment under the Family Settlement Agreement (FSA) dated April 30, 2024. The realignment, involving key promoters Mr. Adi Godrej, Mr. Nadir Godrej, Mr. Jamshyd Godrej, and Ms. Smita Godrej Crishna, was finalized on July 18, 2024. This update follows previous communications to stock exchanges on April 30, June 19, and June 26, 2024. The company has requested the stock exchanges to take this information on record and make the necessary disclosures. (Mh1988plc097781, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/62a5798e-3722-4602-a4d8-fef87b46aa78.pdf |
LS Industries Ltd. recently authorized Mr. Kuldeep Singh to sign a settlement agreement with Om Nanotech Pvt. Ltd. following legal proceedings at the Delhi High Court. The board also reviewed the SDD Compliance of the company for the quarter ended June 2024 and noted the non-submission of the Annual Secretarial Compliance Report for the financial year ended March 2024. The board meeting took place on July 18, 2024. The announcements are available on the company's website:** Tehsil-Nalagarh, Solan, Himachal Pradesh-174101, India** and BSE Ltd. Listing Department, Phiroz Jeejeebhoy Tower, Dalal Street, Mumbai-400 001**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fd211c2-cc3a-471e-939c-1f72c228ba2e.pdf |
20 Microns Ltd. has announced the acquisition of 100% equity shares of Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD in Malaysia through its subsidiary, 20 Microns SDN BHD. The total acquisition cost is RM 15.1 million (approximately INR 27.00 Crores). |
Wheels India Ltd. held its 65th Annual General Meeting (AGM) on July 17, 2024, via video conferencing. The company reported a GDP growth of 8.2% for India in FY24, with inflation at 5.4%. Key sectors serviced include commercial vehicles, light passenger vehicles, agricultural tractors, construction equipment, and wind turbines. The company faced challenges in the agricultural tractor market due to erratic climatic conditions but saw growth in the passenger vehicle and construction equipment segments. The merger with Sundaram Hydraulics Limited boosted the hydraulic cylinder business, making it profitable. The export business grew significantly, particularly in earthmover and aluminum wheels, although the growth outlook for FY25 is muted. https://www.bseindia.com/xml-data/corpfiling/AttachLive/D630E173-94C2-46FB-914D-F6D55B188C0D-113713.pdf |
Dhanuka Agritech Ltd. has announced the strike-off of its wholly-owned subsidiary, Dhanuka Chemicals Private Limited (DCPL), from the register of companies under Section 248 of the Companies Act, 2013. The name of DCPL was officially removed from the records of the Registrar of Companies (ROC) effective 16th July 2024. The company ceased to be a subsidiary of Dhanuka Agritech after the strike-off. This information was communicated to the company via email on 18th July 2024. The strike-off was voluntary, and no financial consideration was involved as the disposal was carried out by way of strike-off. https://www.bseindia.com/xml-data/corpfiling/AttachLive/825ac61a-4a54-4732-b6b9-16f974fb2a62.pdf |
Kellton Tech Solutions Ltd. is a technology company based in India with a focus on delivering IT solutions. The company recently held an earnings conference call for Q1 FY '25, where they reported a revenue growth of about 5.2% compared to the previous year. They also highlighted a profit before taxes of around 23 crores for the quarter. |
CIE Automotive India Ltd is a company based in India with corporate offices in Pune and a registered office in Mumbai. They can be contacted at +91 20 29804622. The company's website is <http://www.cie-india.com> and their email is contact.investors@cie-india.com. The 25th Annual General Meeting was held on 20th June, 2024, and the transcript is available on their website. Pankaj V Goyal is the Company Secretary, Chief Compliance Officer, and Head-Legal. https://www.bseindia.com/xml-data/corpfiling/AttachLive/10676746-dd22-4b36-8481-6350b6b95b50.pdf |
Anand Rathi Wealth Ltd reported a consolidated total revenue of Rs 245 crores for Q1 FY2025, marking a 38% growth from Rs 178 crores in Q1 FY2024. The company's profit after tax (PAT) also grew by 38%, reaching Rs 73 crores compared to Rs 53 crores in the same quarter last year. The PAT margin stood at 29.9%, and the annualized return on equity was 42.8%. Total assets under management (AUM) increased by 59% year-on-year to Rs 69,018 crores as of June 30, 2024. The net inflows during the quarter surged by 173% to Rs 3,364 crores, with equity mutual fund inflows jumping 462% to Rs 2,091 crores. The company successfully concluded a buyback program worth Rs 164.65 crores and reported zero attrition of relationship managers for the fourth consecutive quarter. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7c510797-d002-423e-900b-2097abbac8e4.pdf |
Blue Star Ltd. has completed its investment in its wholly-owned subsidiary, Blue Star Climatech Limited (BSCL). The company invested up to Rs 94.40 crores in 94,40,000 equity shares of Rs 10 each through a rights issue, finalized on July 18, 2024. |
Dixon Technologies (India) Ltd has announced a significant update regarding its proposed acquisition of a majority stake in Ismartu India Private Limited. The company had previously entered into a Share Purchase Agreement (SPA) and Shareholders' Agreement (SHA) on April 8, 2024, with Ismartu In Pte. Limited, Transsion Technology Limited, and 5A Advisors LLP. The acquisition was subject to the approval of the Competition Commission of India (CCI). On July 18, 2024, the CCI approved the proposed combination under subsection (1) of Section 31 of the Competition Act, 2002. The transaction's closing is contingent upon fulfilling other conditions precedent as required under the SPA. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cddb4a2d-d009-41fe-a3b5-c1c5c69522b7.pdf |
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