Information is Wealth. ⬇️
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Table of Contents
1.New Work Order
Tata Consumer Products Ltd has received approval from the Hon’ble National Company Law Tribunal (NCLT), Kolkata Bench, for the Scheme of Amalgamation involving its wholly-owned subsidiaries: NourishCo Beverages Limited, Tata SmartFoodz Limited, and Tata Consumer Soulfull Private Limited. The appointed date for the scheme is April 1, 2024. |
Lyka Labs Ltd. has provided an update under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the Scheme of Amalgamation. The company previously informed that a Joint Petition by Lyka Exports Limited and Lyka Labs Limited was filed on 28th February 2024 before the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The hearing was initially scheduled for 18th July 2024. However, as per the NCLT's notification, there will be no sitting on that date, and the case will be re-notified. https://www.bseindia.com/xml-data/corpfiling/AttachLive/79edeb56-2801-4781-9632-2d3578721223.pdf |
EMS Ltd has received a Letter of Acceptance from the Uttarakhand Urban Sector Development Agency for the Development of Water Supply and Sewerage System in Vikas Nagar, Dehradun, Uttarakhand. The project, valued at approximately Rs. 53,519.42 Lacs, includes an 18-year operation and maintenance (O&M) period. EMS Ltd holds a 95% share in this project alongside another JV partner. This development is in accordance with Regulation 30 of the SEBI Listing Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0d956b94-534e-44de-bdd3-18aea1a0bd9a.pdf |
Diligent Media Corporation Ltd has received an order dated July 16, 2024, from the Office of the Deputy Commissioner of State Tax, Mumbai, under the Central Goods & Services Tax Act, 2017. The order demands a sum of Rs. 2,25,45,000 (Rupees Two Crore Twenty Five Lakhs and Forty Five Thousand), which includes tax, interest, and penalty, due to the alleged violation of availing ineligible Input Tax Credit from certain suppliers. The company is currently reviewing the order and seeking legal advice to determine the appropriate course of action, including the possibility of filing an appeal. The company does not anticipate any significant impact on its financials, operations, or other activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b75a2b1-6ee9-4884-9058-8ede67048bef.pdf |
AYM Syntex Ltd has received an order from Daman GST authorities demanding Rs. 23,63,726/- for Input Tax Credit (ITC) claimed in the financial year 2019-20. The company believes this demand is not maintainable and is planning to appeal against it. This order is not expected to have any material impact on the company's financials, operations, or other activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/620a8ffc-d11c-4023-b1bc-280d2368ef5f.pdf |
2. Business UpdateAllcargo Gati Ltd reported a total volume of 100kt for June 2024, reflecting a marginal decline of 3% compared to May 2024 and 2% compared to June 2023. This declinealigns with the overall de-growth in the express industry. Despite the volume drop, the company achieved a 1% improvement in yield over the previous month, attributed to a better product mix. The operational update highlights Allcargo Gati Ltd's resilience and strategic adjustments in a challenging market environment. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7124351-0c47-4ffa-80e2-b6a4325357b1.pdf |
GODAWARI POWER & ISPAT LTD. recently conducted a buyback of equity shares through a tender offer for existing shareholders. The company published a post-buyback public announcement in various newspapers on July 19, 2024. The announcement was made in compliance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. The newspapers where the announcement was published include: |
Welspun Living Ltd has announced a Board of Directors meeting scheduled for July 24, 2024, to consider the unaudited financial results for the quarter ending June 30, 2024, and to discuss a potential buyback of equity shares. |
Bajaj Consumer Care Ltd has completed the extinguishment of 57,41,000 fully paid-up equity shares of Re. 1/- each, bought back at Rs. 290/- per share through a tender offer. This buyback was conducted in compliance with the SEBI Buyback Regulations, 2018, and the Companies Act, 2013. The tendering period for the buyback opened on July 5, 2024, and closed on July 11, 2024. Post-buyback, the company's issued, subscribed, and paid-up share capital stands at 13,70,52,803 equity shares. The extinguishment was confirmed by KFin Technologies Limited and Hitesh J Gupta, Practicing Company Secretary. https://www.bseindia.com/xml-data/corpfiling/AttachLive/12aa6989-9fde-4e3c-9840-41df84627e40.pdf |
Hazoor Multi Projects Ltd. has scheduled a Board of Directors meeting on Friday, 26th July 2024, at 11:30 A.M. at their registered office. Key agenda items include the re-appointment of Mr. Harsh Harish Sharma as an Independent Director for a second term of five years starting from 30th July 2025, and the consideration of alterations in the Memorandum of Association. The board will also discuss the sub-division/split of equity shares, approve the Directors' Report for the year ending 31st March 2024, and set the date, time, and venue for the 32nd Annual General Meeting. Additionally, they will decide on book closure dates and appoint a scrutinizer for AGM voting. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9fc000ce-ad49-4c13-88e6-5c0e5aef7c71.pdf |
Bella Casa Fashion & Retail Ltd has scheduled a Board Meeting on Friday, 26th July 2024 to consider and approve several key items. The agenda includes the approval of the Unaudited Financial Results for the quarter ending 30th June 2024 and the recommendation to increase the Authorized Share Capital of the company. Additionally, the company has implemented a trading window closure from 1st July 2024 to 28th July 2024 for Directors, KMPs, Designated employees, their immediate relatives, and specified connected persons, in compliance with SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/49cfddbe-f502-4343-a5e7-b827f816405a.pdf |
K.P. Energy Ltd has successfully commissioned an additional 23.1 MW (Phase-X) ISTS connected Wind Power Project at the Sidhpur site in Devbhoomi Dwarka. This phase includes 11 WTGs of 2.1 MW each and is part of the 250.8 MW ISTS connected Wind Power Project awarded to Apraava Energy Private Limited by the Solar Energy Corporation of India Limited (SECI) under Tranche-VIII bidding. With this commissioning, the cumulative capacity at the Sidhpur site now stands at 245.7 MW. K.P. Energy is developing this project for Apraava Energy as a contractor under the Land and Balance of Plant Contract. (K.P. Energy Ltd_7/19/2024_111, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/d24762b2-ff26-41a3-8b1e-73fbb5a0aad4.pdf |
20 Microns Ltd. recently entered into definitive agreements to acquire Malaysian companies GTLQ SDN BHD & IQ Marbles SDN BHD. This marks a significant milestone in its global expansion strategy. |
Onward Technologies Ltd. reported its Q1 FY25 financial results, showcasing a revenue of ₹117.6 crore, a slight decrease from the previous quarter. The company achieved an EBITDA of ₹11.7 crore, reflecting a 20.6% QoQ growth, with an EBITDA margin of 9.9%. The Industrial Equipment & Heavy Machinery vertical contributed 56% of consolidated revenues, while Transportation & Mobility and Healthcare & Life Sciences accounted for 37% and 6%, respectively. The company maintained a strong liquidity position with cash and bank reserves at ₹93.6 crore as of March 31, 2024. Onward Technologies demonstrated a commitment to shareholder returns with consistent dividend growth over nine years. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5aded2c9-c83b-41e1-933e-f47aaf40ea5a.pdf |
Nazara Technologies Ltd has announced the acquisition of an additional 48.42% stake in Paper Boat Apps Pvt. Ltd for INR 300 crores, bringing its total ownership to 100%. This strategic move aims to drive the global expansion of Kiddopia, a top-grossing children's gamified learning app in the U.S. |
3. FDA ObservationZydus Lifesciences Ltd recently issued a press release regarding the completion of a USFDA inspection at their transdermal manufacturing site in Ahmedabad. The inspection took place from July 15 to 19, 2024. The US Food and Drug Administration (USFDA) identified 2 observations during the inspection. The company is confident in addressing the issues raised by the USFDA within the specified timeline. This disclosure is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (Zydus Lifesciences Ltd_[7/19/2024]_80, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/436c3326-e85c-4660-9d2c-3cc285baafb7.pdf |
DIVI'S LABORATORIES LTD. has successfully completed a US-FDA inspection of its Unit-II manufacturing facility at Chippada Village, Bheemunipatnam Mandal, Visakhapatnam, Andhra Pradesh, from July 11, 2024, to July 19, 2024. The inspection resulted in one procedural observation, which the company will address within the stipulated period. This update is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b8f19d7-0b1a-4804-a29a-8c300f029aba.pdf |
Divi's Laboratories Limited has successfully completed a US-FDA inspection of its Unit-II manufacturing facility at Chippada Village, Bheemunipatnam Mandal, Visakhapatnam, Andhra Pradesh, from July 11, 2024, to July 19, 2024. The inspection resulted in one procedural observation, which the company will address within the stipulated period. This update is provided in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b8f19d7-0b1a-4804-a29a-8c300f029aba.pdf |
Zydus Lifesciences Ltd has received final approval from the USFDA for its NDA Zituvimet™ XR (sitagliptin and metformin hydrochloride) extended-release tablets. This approval marks the third NDA for Zydus's Sitagliptin (base) and combination franchise, all of which achieved First-Cycle Approval (FCA). Zituvimet™ XR is designed to improve glycemic control in adults with type 2 diabetes mellitus and will be manufactured at Zydus's facility in Ahmedabad SEZ, India. The U.S. market for DPP-IV inhibitors and its combinations is valued at $9.5 billion as of May 2024, according to IQVIA. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4ac094a2-2f8d-439c-83c3-6d75af83b65a.pdf |
CAPLIN POINT LABORATORIES LTD. has announced that its subsidiary, Caplin Steriles Limited, received final approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Ephedrine Sulfate injection USP, 50 mg/mL Single Dose vial. This generic version of AKOVAZ, from Exela Pharma Sciences LLC, is indicated for treating clinically important hypotension during anesthesia. |
PVR Inox Ltd reported a total income of INR 12,086 million for Q1 FY'25, a decrease of 8.7% YoY from INR 13,244 million in Q1 FY'24. The company experienced a 14.5% decline in movie ticket sales and a 6.1% drop in food and beverage sales. The EBITDA margin fell to 23.0% from 28.4% in the previous year. Admits decreased by 10.4% to 30.4 million, and the average ticket price (ATP) dropped by 4.7% to INR 235. Despite these challenges, PVR Inox added 50 new screens in Q1 FY'25, bringing the total to 1,754 screens across 113 cities. The company plans to open approximately 120 new screens in FY'25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2d1311bc-eead-4cc4-85dc-40a46a2e3f9a.pdf |
Union Bank of India reported its financial results for Q1FY25, showcasing robust growth and strategic initiatives. The bank's global business mix reached ₹21.36 trillion, with advances at ₹9.12 trillion and deposits at ₹12.24 trillion. |
ICICI Lombard General Insurance Company Ltd reported a robust financial performance for Q1 FY2025, with a Gross Direct Premium Income (GDPI) of ₹76.88 billion, marking a 20.4% growth compared to Q1 FY2024. The profit before tax (PBT) surged by 48.8% to ₹7.74 billion, while the profit after tax (PAT) increased by 48.7% to ₹5.80 billion. The combined ratio improved to 102.3% from 103.8% in the previous year. The company's solvency ratio stood at 2.56x, well above the regulatory requirement of 1.50x. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d0da3077-111f-49a7-b1fb-5c0054cc0f54.pdf |
JSW Energy Ltd reported its Q1 FY25 results, highlighting significant growth and operational achievements. The company's net generation increased by 18% YoY to 7.9 BUs, driven by higher hydro and wind capacity additions, and increased thermal generation. Renewable energy generation surged by 44% YoY to 3.2 BUs, with hydro generation up by 61% YoY. Financially, EBITDA grew by 21% YoY to ₹1,581 Cr, and PAT rose by 80% YoY to ₹522 Cr. The company also successfully completed a ₹5,000 Cr Qualified Institutional Placement, receiving an overwhelming response from global and domestic investors. https://www.bseindia.com/xml-data/corpfiling/AttachLive/487eaeae-b1e5-476c-93f1-73be418cd8c4.pdf |
Reliance Industries Ltd. reported consolidated revenue of ₹**257,823 crore** in 1Q FY25, marking an 11.5% YoY growth. The strong performance was driven by the Retail and Digital Services segments. |
Route Mobile Ltd has released its Investor Presentation for the quarter ended June 30, 2024. The company reported a revenue of ₹41,594 million for the last twelve months (LTM) ending June 30, 2024, with a 40% revenue CAGR from FY2021 to FY2024. The EBITDA for the same period was ₹5,091 million, reflecting a 41% EBITDA CAGR. Route Mobile processed 37 billion billable transactions in Q1 FY24-25 and achieved a 105% net revenue retention. The company has a global footprint with 20+ locations, 2,300+ active billable clients, and infrastructure comprising 19 data centers and 6 SMSCs globally. Following the acquisition by Proximus Opal, Route Mobile is now part of the Proximus Group, enhancing its market reach in the USA and Europe. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e28b26a-62db-40d4-a228-80194563c6a6.pdf |
EIH Associated Hotels Ltd. reported its audited financial results for the quarter and financial year ending March 31, 2024. The company achieved a revenue from operations of ₹132.5 crores in Q4 FY24, up from ₹107.8 crores in Q4 FY23, and a total income of ₹397.9 crores for FY24, compared to ₹344.1 crores in FY23. The EBITDA for Q4 FY24 stood at ₹53.8 crores, a significant increase from ₹34.8 crores in Q4 FY23. The PAT for Q4 FY24 was ₹36.8 crores, up from ₹26.2 crores in Q4 FY23. The company also highlighted strong room revenue growth across segments and a robust balance sheet with a fund position of ₹463 crores as of March 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/18229283-c047-4d36-8bd3-fbea1d3470d1.pdf |
Supreme Petrochem Ltd. (SPL) reported a robust financial performance for Q1-FY25 with an operating income of INR 15,735 Mn and an operating EBITDA of INR 1,610 Mn, reflecting a 77.9% YoY increase. The company's net profit stood at INR 1,219 Mn, with PAT margins at 7.75%. |
Tejas Networks Ltd reported significant financial growth in Q1 FY25, with net revenue reaching INR 1,563 Cr, an 8.3x year-over-year increase. The company achieved a Profit After Tax of INR 77 Cr and maintained a robust order book of INR 7,091 Cr. |
INDIAN HOTELS CO. LTD. reported a 6% YoY growth in operating revenue for Q1 FY25, reaching ₹**1,550 crores**. The company achieved a 10% YoY increase in operating EBITDA and a 12% YoY rise in PAT, with an EBITDA margin of 31%. |
Nippon Life India Asset Management Ltd reported a Q1 FY25 profit after tax of INR 3.32 billion, marking a 41% YoY increase. The company's QAAUM reached INR 4,838 billion, up 54% YoY. Systematic flows for Q1 FY25 were INR 75.3 billion, showing a 7.5% growth from the previous quarter. The firm maintains its position as the 4th largest AMC in India, with a market share of 8.20%. Digital transactions contributed 68% to overall purchases and new SIP registrations in Q1 FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/04dd8484-024b-4001-8ec7-06dc4b5a2607.pdf |
CreditAccess Grameen Ltd XVI reported robust financial performance for Q1 FY25, with a Gross Loan Portfolio (GLP) of INR 26,304 Cr, reflecting a 20.6% YoY growth. The company achieved a Net Interest Income (NII) of INR 953 Cr, marking a 24.8% YoY increase. Despite a 6.2% YoY decline in disbursements to INR 4,476 Cr, the Profit After Tax (PAT) rose by 14.1% YoY to INR 398 Cr. The Collection Efficiency (excluding arrears) stood at 97.8%, and the GNPA was 1.46%. The Return on Assets (ROA) and Return on Equity (ROE) were 5.4% and 23.5%, respectively, indicating strong profitability and operational efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0ae5162-2155-4230-8fc2-d2c024f1d93e.pdf |
JSW Steel Ltd. reported consolidated revenue from operations of ₹**42,943 crore** for Q1 FY25, with an operating EBITDA of ₹**5,510 crore** and a net profit of ₹**867 crore**. The company achieved a consolidated crude steel production of 6.35 million tonnes and steel sales of 6.12 million tonnes. |
Fedbank Financial Services Ltd experienced significant growth in Q1 FY25 with an increase in Assets Under Management (AUM) to ₹131.88 bn. This growth was driven by increases in gold loans and mortgage loans. Disbursements rose to ₹50 bn, marking a 15.4% QoQ and 68.8% YoY increase. Profit for the quarter reached ₹702.3 mn, up 3.8% QoQ and 30.3% YoY. Key ratios like Return on Assets (ROA) and Return on Equity (ROE) stood at 2.4% and 12.3% respectively. The company's off-book AUM increased to 20.7% in Q1 FY25. The credit cost rose to ₹351.8 mn. (National Stock Exchange of India Ltd., Listing Department Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai -400 051). Listing Department Exchange Plaza, National Stock Exchange of India Ltd, Block G, C-1, Mumbai -400 051, Bandra Kurla Complex, Bandra. https://www.bseindia.com/xml-data/corpfiling/AttachLive/df83f827-c367-42fe-b228-5f1e1cde8c51.pdf |
TRANSFORMERS AND RECTIFIERS (INDIA) LTD. is a prominent manufacturer of transformers globally, with a diverse product range including: |
ULTRATECH CEMENT LTD. is a leading cement supplier with a strong presence in India. They have shown growth in domestic sales and capacity utilization. The company has expanded its grey cement capacity and improved its green power mix. With a focus on sustainability, ULTRATECH CEMENT LTD. is strategically increasing its presence across various regions in India, aiming for significant growth in the coming years. https://www.bseindia.com/xml-data/corpfiling/AttachLive/41a63293-386c-4ce9-b35e-ef04990ea7cb.pdf |
Fedbank Financial Services Ltd, a financial institution focused on self-employed segments in India, is a majority subsidiary of the Federal Bank Limited. The company boasts a strong presence in 18 states and union territories. Fedbank Financial Services Ltd offers several loan products, including Small Ticket LAP, Medium Ticket LAP, Gold Loan, and Business Loan. The company boasts a credit rating of AA+/Stable, assigned by both CARE and India Ratings. The goal of Fedbank Financial Services Ltd is to deliver predictable, sustainable, and profitable growth. (National Stock Exchange of India Ltd., Listing Department Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai -400 051 National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai -400 051) https://www.bseindia.com/xml-data/corpfiling/AttachLive/af9fd795-adf8-4c60-a0d3-f250d0422e99.pdf |
D.P. Abhushan Ltd is planning significant expansion in Madhya Pradesh, Rajasthan, Chhattisgarh, and Gujarat to tap into emerging markets with growing purchasing power. They aim to open 3 new stores in FY 25, increasing the total number of stores from 8 in FY 24 to 20 by FY 28. The company is focusing on diamond-studded jewelry to increase revenue share from 6% to 15%. They emphasize investment in talent, ensuring customer satisfaction through transparent business practices and value for money. With a strong emphasis on quality, expansion, sustainability, and high customer satisfaction, D.P. Abhushan aims for continued growth and success in the jewelry industry. |
Aether Industries Ltd reported its financial results for Q1 FY25, highlighting significant achievements and future plans. The company recorded a revenue of INR 1,920 million and a PAT of INR 303 million, showing a substantial year-on-year growth. |
Sharat Industries Ltd. is issuing up to 1,55,43,125 partly paid-up equity shares at ₹**31** per share, aggregating ₹**4,818.37 lakhs**, on a rights basis to existing shareholders in a 13:20 ratio. The issue opens on July 24, 2024, and closes on August 7, 2024. The proceeds will finance working capital (₹**3,850 lakhs**) and general corporate purposes (₹**868.37 lakhs**). The company, a pioneer in Vannamei shrimp culture, has a robust financial history with a net worth of ₹**8,397.51 lakhs** and revenue of ₹**30,215.92 lakhs** for FY 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7fb2c497-0a2f-41bc-bd9f-5dd58a81b941.pdf |
KPI Green Energy Ltd has announced a new order for a 100 MW Hybrid Captive Solar Power Project under its Captive Power Producer (CPP) segment. The order was awarded by Aether Industries Limited. It is classified as a commercial order from a domestic entity. The project is scheduled to be completed in the financial year 2024-25 in various tranches. KPI Green Energy Ltd has confirmed that neither the promoter group nor group companies have any interest in the awarding entity, and the transaction does not fall within related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/78c748a8-dfd9-49bf-98d0-1ace18c7ac1e.pdf |
Capfin India Ltd submitted a Pre-Offer Advertisement for an Open Offer to the Public Shareholders on July 19, 2024. The advertisement was published in Business Standard (English and Hindi) and Pratahkal (a regional newspaper in Mumbai). The company's Regd. Off. is in New Delhi. The AGM Notice and Annual Report for the financial year 2023-24 are available for download on their website. Remote e-voting facilities are provided for AGM resolutions, with detailed procedures available on their website. (Capfin India Ltd_7/19/2024_71, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/134DCF2A-7670-4922-BC86-7ED9441BF7A7-161614.pdf |
4. Preferential IssueNatural Biocon (India) Ltd recently conducted a Preferential Allotment Committee meeting on July 19, 2024. In the meeting, the company approved the allotment of 11,00,000 fully paid-up equity shares at a price of Rs. 13.50 per share, including a premium of Rs. 3.50 per share. The company received a total of Rs. 1,48,50,000 from 4 out of 7 proposed allottees. The meeting also resulted in the closure of the trading window for the company's equity shares for forty-eight hours after the announcement. The meeting was held at the company's registered office in Ahmedabad, Gujarat. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6af3ad8-d9c4-40fb-a400-39d0ea38ca72.pdf |
Khadim India Ltd has announced the allotment of 80,,000 Equity Shares following the conversion of Fully Convertible Equity Share Warrants. This conversion was approved by the Board of Directors on July 19, 2024. The shares, each with a face value of ₹**10**, were issued at ₹**365 per share**, resulting in an increase in the company's paid-up Equity Share Capital from ₹18,29,83,820 to ₹18,37,83,820. The allottee, Mr. Abhisek Bhutra, a Non-Promoter, received these shares after paying the remaining 75% of the subscription money. The newly allotted shares will rank pari passu with the existing shares of the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7496990f-257b-4f38-a39d-49baa72f0e71.pdf |
Vodafone 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 4.80 per share. This allotment, approved by the Capital Raising Committee on 19 July 2024, was made to Nokia Solutions and Networks India Private Limited (25,67,56,756 shares) and Ericsson India Private Limited (15,84,45,945 shares). |
FINEOTEX CHEMICAL LTD. held a Fund Raising Committee meeting on July 19, 2024, approving the allotment of 28,15,049 equity shares and 28,15,049 convertible warrants on a preferential basis. The equity shares, priced at Rs. 387.40 each, totaled Rs. 1,09,05,49,983, and the warrants, with a subscription price of Rs. 96.85 and an exercise price of Rs. 290.55, also totaled Rs. 1,09,05,49,983. The company received an upfront payment of Rs. 27,26,37,495.75 for the warrants. The issued share capital increased from 11,17,34,989 to 11,45,50,038 shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/86d9b895-1c65-498a-a76e-afa0543ddcc1.pdf |
FINEOTEX CHEMICAL LTD. held a Fund Raising Committee meeting on July 19, 2024, approving the allotment of 28,15,049 equity shares and 28,15,049 convertible warrants on a preferential basis. The equity shares, priced at Rs. 387.40 each, totaled Rs. 1,09,05,49,983. The warrants, also priced at Rs. 387.40 each, include a Warrant Subscription Price of Rs. 96.85 and a Warrant Exercise Price of Rs. 290.55, aggregating to Rs. 1,09,05,49,983. The company received Rs. 27,26,37,495.75 as upfront payment for the warrants. The issued share capital increased from 11,17,34,989 to 11,45,50,038 due to the equity share allotment. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b51a225-57b7-4a2e-8116-0f38e3bc6197.pdf |
Vodafone Idea Ltd recently made a significant announcement regarding the allotment of equity shares on a preferential basis to Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited. The third tranche of allotment included 41,52,02,701 Equity Shares at an issue price of Rs 1480 per equity share, totaling Rs 6145 crores. This allotment increased the company's paid-up Equity Share capital to Rs 692,844,918,750. The Capital Raising Committee meeting took place on July 19, 2024, and was concluded within a short duration(**Vodafone Idea Ltd_7/19/2024_75**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/0dbc4518-9440-4a75-853e-eee8cf231431.pdf |
Sunshine Capital Ltd recently approved the allotment of 4,18,75,00,000 equity shares at an issue price of INR 1.60 per share, including a premium of INR 0.60 per share, to convert outstanding unsecured loans into equity shares. The allotment was made to persons belonging to the Promoter & Promoter Group and other individuals not part of the Promoter and Promoter Group. The Board of Directors meeting concluded within 40 minutes, starting at 12:30 P.M. and ending at 01:10 P.M. The key Allottees included Abhijit Trading Company Limited, Blue Bell Finance Limited, Calyx Securities Private Limited, Hibiscus Holdings Private Limited, Intellectual Builders Private Limited, and Lavender Holdings Private Limited. (BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001, BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0835a4e-9a4c-4b5b-8870-129b418fb9f8.pdf |
DISH TV INDIA LTD. has announced a Board Meeting scheduled for July 24, 2024, to consider raising funds through various permissible means, including: |
GLOBAL OFFSHORE SERVICES LTD. recently allotted 2,11,310 Equity Shares to Promoters by converting Warrants in a committee meeting on July 19, 2024. The allotment outcome was disclosed in a letter signed by A.C. Chandarana, the Company Secretary & President - Legal & Admin. For more information, visit their website at <http://www.globaloffshore.in>. https://www.bseindia.com/xml-data/corpfiling/AttachLive/732124a7-c4da-4d82-943a-2d05994567b4.pdf |
5. Press ReleasesRoute Mobile Ltd. announced its Q1 FY25 financial results, showcasing a revenue from operations of Rs. 1,103.42 crore, a significant increase from Rs. 967.34 crore in Q1 FY24. The Profit After Tax (PAT) for Q1 FY25 stood at Rs. 81.16 crore, compared to Rs. 91.69 crore in the same quarter last year. The company also reported an EPS of Rs. 12.51. Despite a slight decrease in Profit Before Tax (PBT) to Rs. 102.88 crore from Rs. 110.23 crore in Q1 FY24, Route Mobile continues to demonstrate robust growth, driven by its strategic international expansion and integration with the Proximus Group. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6586099c-2287-4bb6-89d8-fb425ade5aca.pdf |
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has been upgraded to a '**Schedule A**' Central Public Sector Enterprise (CPSE) by the Government of India, marking a significant milestone in its 25th year of incorporation. This upgrade reflects IRCTC's robust performance and contributions to the hospitality, travel, and tourism sectors under the Ministry of Railways. The company has shown excellent financial performance with a total income of ₹**1954.48 crores**, ₹**3661.90 crores**, and ₹**4434.66 crores** for the financial years 2021-22, 2022-23, and 2023-24, respectively, achieving a CAGR of 50.63% between Fiscal 2022 and Fiscal 2024. Additionally, IRCTC reported a profit after tax of ₹**659.55 crores**, ₹**1005.88 crores**, and ₹**1111.26 crores** for the same periods, reflecting a CAGR of 29.80%. The company also declared dividends of ₹**280 crores**, ₹**440 crores**, and ₹**520 crores** for the financial years 2021-22, 2022-23, and 2023-24, respectively. https://www.bseindia.com/xml-data/corpfiling/AttachLive/775a5a65-b73c-4b6b-8e7c-4eb61a8d2c67.pdf |
Union Bank of India has released its unaudited financial results for the quarter ending June 30, 2024. The bank reported a net profit increase of 13.68% YoY, with net interest income growing by 6.47% YoY. Domestic deposits rose by 8.52% YoY, totaling ₹12,24,191 crores. The total business of the bank saw a 9.76% YoY increase, reaching ₹21,36,405 crores. The RAM segment (Retail, Agriculture, MSME) grew by 14.53% YoY. Notable growth was seen in the agriculture sector at 23.00% YoY. Gross NPA reduced to 4.54%, and the CRAR (Capital to Risk Weighted Assets Ratio) improved to 17.02%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a6cccb9c-ad22-4745-9031-1bbafd6ee011.pdf |
6. Investor PresentationPVR Inox Ltd announced its financial results for the quarter ended June 30, 2024, reporting a revenue of INR 12,086 million, an EBITDA loss of INR 199 million, and a PAT loss of INR 1,366 million. The company saw 30.4 million patrons with an average ticket price of INR 235 and F&B spend per head of INR 134. During the quarter, 50 new screens were opened, bringing the total to 1,754 screens across 361 cinemas in 113 cities. The quarter was impacted by the general elections, leading to a 13% drop in film releases compared to the previous year. However, the success of films like '**Kalki**' and a strong upcoming lineup, including '**Pushpa 2**' and '**Deadpool & Wolverine**,' indicate a positive outlook for the remaining fiscal year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/12fb474e-8117-4c03-99de-d33c38a9a3c9.pdf |
Reliance Industries Ltd. reported a quarterly consolidated revenue of ₹257,823 crore (³\$30.9 billion)∗∗, marking a ₹11.530.9 billion (³$1.5 billion) increase, or 11.5% year-over-year. |
InterGlobe Aviation Ltd operating as IndiGo, experienced significant disruptions on July 19, 2024, due to a global cloud software outage affecting critical systems for flight operations, passenger check-in, and baggage handling. The airline swiftly implemented manual and backup systems to stabilize operations at major Indian airports, including Delhi, Mumbai, and Bangalore. IndiGo activated '**war rooms**' at four metro airports to manage the situation and prioritized passengers with imminent departures. |
Pearl Global Industries Limited has successfully raised approximately ₹149.50 crores through a Qualified Institutions Placement (QIP) as of July 19, 2024. The funds will be utilized for working capital requirements, repayment of certain borrowings, inorganic growth initiatives, and general corporate purposes. |
Oil India Limited (OIL), a Maharatna CPSE under the Government of India, announced that Shri Saloma Yomdo has assumed the role of Director (Exploration & Development) as of July 19, 2024. |
Blue Cloud Softech Solutions Ltd has announced a significant project with Vidyavikas Education Group, valued at Rs. 370.00 Lacs (Rupees Three Crores Seventy Lakhs Only). The project, named AI Transformation for Vidyavikas Education Group, spans a contract period of 5 years. |
Blue Cloud Softech Solutions Ltd announcessignificant project acquisition from Rachana Grammar High SchoolValued at Rs. 86.0 Lac (Rupees Eighty Six Lakhs Only) |
JSW Infrastructure Ltd has announced the acquisition of a 30 MTPA under-construction slurry pipeline project from JSW Utkal Steel Limited for approximately ₹1,700 crores. This project, spanning 302 KM from Nuagaon to Jagatsinghpur in Odisha, is expected to be completed by early 2027, with commercial operations commencing in April 2027. The acquisition includes a 20-year take-or-pay agreement for transporting iron ore slurry, valued at ₹1,324 crores annually. This strategic move aims to provide a sustainable, cost-effective logistics solution, significantly reducing carbon emissions and enhancing the company's growth and environmental footprint. https://www.bseindia.com/xml-data/corpfiling/AttachLive/963a6321-6b5a-4959-8f91-e394f849efed.pdf |
Tree House Education & Accessories Ltd. reported a significant financial performance for Q1 FY2025, showcasing an 11.73% increase in revenue from operations, reaching INR 218 lakhs compared to the previous year's INR 195 lakhs(Kadam et al., n.d.). The company achieved a positive EBIDTA of INR 68 lakhs, a substantial improvement from the previous year's negative figure(Kadam et al., n.d.). Additionally, the Profit Before Tax (PBT) tripled year-on-year, highlighting the company's robust financial health and strategic management(Kadam et al., n.d.). Tree House remains debt-free, a status it has maintained for several quarters, reinforcing its financial stability and commitment to sustainable growth(Kadam et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/fdb401fa-542c-4cc8-a360-f4c2531dc228.pdf |
CreditAccess Grameen Ltd reported robust financial performance for Q1 FY25, showcasing significant growth across key metrics. The Gross Loan Portfolio surged by 20.6% YoY to INR 26,304 crore, while the borrower base expanded by 12.7% YoY to 49.84 lakh. Across 1,976 branches. The total income increased by 29.2% YoY to INR 1,512.6 crore, and the Net Interest Income (NII) rose by 24.8% YoY to INR 952.5 crore. The Pre-Provision Operating Profit (PPOP) saw a 30.4% YoY increase to INR 709.3 crore, and the Profit After Tax (PAT) grew by 14.1% YoY to INR 397.7 crore. The company maintained a Collection Efficiency of 97.8% (excluding arrears) and a CRAR of 25.2%, reflecting a healthy capital position. https://www.bseindia.com/xml-data/corpfiling/AttachLive/78dde789-23dd-4fb9-bf63-0395c8f608fa.pdf |
Vipul Organics Ltd has announced its Q1 results for FY 2024-2025, showcasing a significant increase in profits. The company's standalone PAT surged by 120.27% to Rs. 113.90 Lakh, while the consolidated PAT rose by 119.38% to Rs. 113.44 Lakh. Revenues for the quarter stood at Rs. 3,819.94 Lakh, reflecting a marginal year-on-year increase. The standalone EPS also saw a notable rise of 120% to 0.88 per share. The company attributes this growth to its focus on value-added products and expansion into new verticals, despite the global economic uncertainties and the impact of general elections(Department of Corporate Services, BSE Limited, Pheeroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400 001, Dalal Street, Pheeroze Jeejeebhoy Towers, Mumbai-400 001, Fort, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/1211981d-41b8-486a-a019-9429ec8f1557.pdf |
Onward Technologies Ltd. reported its Q1FY25 financial results, showcasing a revenue of ₹117.6 crore, a slight decline of 0.7% QoQ due to the exit from the ITS business. Despite this, the EBITDA margin improved by 176 bps to 9.9%. The company recorded an EBITDA of ₹11.7 crore, up 20.6% QoQ, and a PAT of ₹7.1 crore, up 6.0% QoQ. |
The Indian Hotels Company Limited (IHCL) announced its financial results for Q1 FY 2024-25, showcasing impressive performance. The company reported an EBITDA of INR 496 crores with an EBITDA margin of 31%, marking a 70 basis points expansion. Additionally, the Profit After Tax (PAT) saw a 12% year-on-year growth, reaching INR 248 crores. IHCL's consolidated revenue increased by 5%, EBITDA by 8%, and PAT by 12% for the quarter ending June 30, 2024. The company's portfolio now includes over 325 hotels, with 16 signings and 6 openings during the quarter. IHCL's iconic brand Taj was recognized as India's Strongest Brand and the World's Strongest Hotel Brand by Brand Finance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/24fc3936-128b-4a4f-8434-a8ed011feacc.pdf |
Aurum PropTech Ltd reported a 45% year-on-year growth for Q1FY25, reaching an ARR of X 276 crores. The company showcased improved profitability with a 1950 bps year-on-year increase in PBT to total income ratio. |
WIPRO LTD. announced financial results for the quarter ended June 30, 2024, with key highlights including a gross revenue of ₹219.6 billion (2,635.8million), IT services segment revenue at ₹2,635.8 million, and total bookings at ₹3,284 million. |
Oil and Natural Gas Corporation Ltd (ONGC) Acquisition:**ONGC Videsh Limited**, a subsidiary of ONGC, signed an agreement to acquire a stake in the ACG oil field in Azerbaijan, along with shares in the BTC pipeline. The acquisitions amount to a total investment of up to USD 60 million. |
Muthoot Microfin Ltd recently announced a 35 bps interest rate cut, reducing the lending rate from 23.65% to 23.30%(Muthoot Microfin Ltd\_7/19/2024\_84, n.d.). This decision aligns with their commitment to making financial services more accessible and affordable. |
Jubilant Pharmova Ltd reported strong financial performance in Q1’FY25 with Total Income at Rs. 1,746 Cr, EBITDA at Rs. 266 Cr, and reported PAT at Rs. 482 Cr. The company reduced its net debt to Rs. 1,869 Cr from Rs. 2,509 Cr through a voluntary debt repayment of USD 75 million. Additionally, the company is investing USD 50 million to expand its PET Radiopharmacy Network by adding six new sites in the United States, aiming to secure long-term contracts with leading PET radiopharmaceutical manufacturers. |
Fedbank Financial Services Ltd reported a strong financial performance in Q1 FY25, with a net profit of ₹**702 Mn**, marking a 30% YoY growth. The company's Assets Under Management (AUM) increased by 40% YoY to ₹**1,31,881 Mn**. With a Return on Assets (ROA) of 2.4% and Return on Equity (ROE) of 12.3% for Q1FY25. |
Radico Khaitan Ltd. has announced its partnership as the Official Partner for the first India House at the Paris 2024 Olympics. This collaboration marks a significant milestone in showcasing India's rich heritage and culture on a global stage. Radico Khaitan aims to boost national morale and support Indian athletes, with the company providing exclusive offerings at India House. |
Tejas Networks Ltd has been awarded the prestigious Pandit Deendayal Upadhyaya Telecom Excellence Award-2023 in the '**Telecom Equipment Research and Manufacturing**' category by the Government of India. This accolade, presented by Shri Jyotiraditya Scindia, Minister of Communications, underscores Tejas Networks' commitment to telecom innovations and design-led manufacturing. The company, part of the Tata Group, excels in creating high-performance wireline and wireless networking products, serving over 75 countries. The award highlights their focus on technology excellence and the impact of India's policies promoting self-reliance in the telecom sector. (Tejas Networks Ltd_7/19/2024_112, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a5acae6-c6ea-4197-a444-4572e906a2b3.pdf |
JSW Energy Ltd has received an affirmation from Moody’s Investor Service for its step-down wholly owned subsidiary, JSW Hydro Energy Limited. The rating pertains to USD 707 million senior secured notes due 2031, which have been rated 'Ba1'_ with a Stable outlook as of July 18, 2024. This rating reflects JSW Energy Ltd’s financial stability and creditworthiness in the energy sector. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0a757f67-068d-4826-adb8-163d8d3af452.pdf |
JSW Energy Ltd reported its Q1 FY25 financial results, highlighting a significant 80% YoY increase in Profit After Tax (PAT) to ₹522 crore and a 21% YoY rise in EBITDA to ₹1,581 crore. The company's net generation increased by 18% YoY to 7,881 MUs, driven by higher hydro and thermal generation and organic wind capacity additions. The consolidated net worth stood at ₹26,929 crore, with a net debt of ₹23,339 crore, resulting in a net debt to equity ratio of 0.9x. Additionally, JSW Energy raised ₹5,000 crore through a Qualified Institutional Placement, enhancing its financial position to pursue growth projects. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6f368671-5a79-476c-9b8f-514c192debdb.pdf |
JSW Energy Ltd reported its Q1 FY25 financial results, highlighting a significant 80% YoY increase in Profit After Tax (PAT) to ₹522 crore and a 21% YoY rise in EBITDA to ₹1,581 crore. The company's total revenue for the quarter was ₹3,043 crore, driven by higher generation from newly added renewable capacities and Utkal Unit 1. Net generation increased by 18% YoY to 7,881 MUs, with notable contributions from hydro and thermal generation. The company also raised ₹5,000 crore through a Qualified Institutional Placement, enhancing its financial position with a Net Debt to Equity ratio of 0.9x and Cash & Cash Equivalents at ₹6,118 crore. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b15cd90e-e4ef-4ff3-aff0-b479de90989d.pdf |
Blue Dart Express Ltd. reported a profit after tax of ₹**515 million** for the quarter ended June 30, 2024, with revenue from operations at ₹**13,427 million**. The company showcased consistent growth and efficiency in its logistics operations, emphasizing technology and network expansion. Blue Dart's commitment to sustainability was evident through the introduction of electric vehicles and drone deliveries, aligning with its goal of reducing carbon footprint. The company's excellence in the industry was recognized as the Best Express Logistics Service Provider at the 6th Indian Logistics Strategy Summit 2024. (**BSE Limited**, Phiroze Jeejeebhoy Towers, BSE Limited et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/0f6317e8-4437-4e1c-acd4-7571e7a3150e.pdf |
Sonalis Consumer Products Ltd reported its quarterly sales performance for the period ending June 30, 2024. The unaudited sales figures for this quarter amounted to ₹**12.78 crore**, a significant increase compared to the audited yearly sales of ₹**4.08 crore** for the period ending March 31, 2024. This update, dated July 19, 2024, highlights the company's robust growth in sales over the recent quarter. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a5f2cfa1-8ab9-4747-903b-9f03527bb7b9.pdf |
Aster DM Healthcare Ltd announced on July 19, 2024, that its subsidiary, Malabar Institute of Medical Sciences Limited (MIMS), has entered into definitive agreements to acquire an additional 25% stake in Usolar Assetco Two Private Limited. This acquisition, valued at INR 7.88 crores, will increase MIMS's shareholding in Usolar to 51.05%. |
7. New AcquisitionsNazara Technologies Ltd has announced significant strategic moves as per the Board meeting held on July 19, 2024. The company approved the secondary acquisition of 5,157 equity shares of Paper Boat Apps Private Limited, representing 48.42% of its equity share capital, for a total cash consideration not exceeding INR 300 Crores. This acquisition will make Paperboat a wholly-owned subsidiary of Nazara, enhancing its Kiddopia franchise through IP licensing, global market expansion, and additional revenue streams. |
THERMAX LTD. has announced the incorporation of a wholly owned subsidiary, named Thermax Vebro Polymers India Private Limited (TVPIPL), on July 18, 2024. TVPIPL has an authorized share capital of Rs. 20 crores and a paid-up capital of Rs. 8,10,73,000. The subsidiary is yet to commence business operations. This acquisition, which falls under related party transactions, involves a cash consideration at face value per share, resulting in 100% shareholding by Thermax Ltd. TVPIPL will operate in the manufacturing industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b6ed15fb-9adc-4f2d-81c4-3a6c04fb8ea6.pdf |
B-Right Realestate Ltd has announced the formation of a new Private Limited Company, B-RIGHT BOMBAY HIGHLINES DEVELOPERS PRIVATE LIMITED, on July 18, 2024. B-Right Realestate Ventures LLP holds a 49% shareholding in this new entity, now a step-down subsidiary. This new company will focus on real estate development projects associated with the Bombay Highlines Group. The acquisition was made with a cash consideration of Rs. 49,000 and does not fall under related party transactions. The newly incorporated entity is based in Mumbai and operates within the real estate and development industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f2682a6-9ed0-4b5e-a9c0-fa69871b37bb.pdf |
8. Credit RatingsSafari Industries (India) Ltd. has received an upgraded credit rating from CRISIL Ratings Limited. The long-term rating has been elevated to CRISIL AA-/Stable from the previous CRISIL A+/Stable, and the short-term rating has been upgraded to CRISIL A1+ from CRISIL A1. This upgrade pertains to the company's bank loan facilities, which total Rs. 150 Crore. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (**BSE Limited**, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Street) https://www.bseindia.com/xml-data/corpfiling/AttachLive/4308c305-5705-4454-9e72-efda7cff893d.pdf |
Orient Electric Ltd has received a reaffirmation of its credit rating from Care Rating Limited on July 18, 2024. The long-term and short-term bank facilities have been rated CARE AA; Stable / CARE A1+ (Double A; Outlook: Stable / A One Plus), while the short-term bank facilities have been rated CARE A1+ (A One Plus). This update is pursuant to 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/16671f5c-1da5-400f-92a9-3a63e4ee449f.pdf |
Rashi Peripherals Ltd has received a reaffirmation of its credit ratings from CRISIL Ratings for the financial year 2024-25. The long-term rating is CRISIL A+/Positive, and the short-term rating is CRISIL A1. The total bank loan facilities rated amount to Rs. 1700 Crore. |
TCNS Clothing Co. Ltd has announced an update on its credit rating as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of July 19, 2024, CRISIL Ratings Limited has rated the company's total bank loan facilities at Rs. 266 Crore (enhanced from Rs. 200 Crore). The long-term rating is CRISIL AA-/Watch Developing, and the short-term rating is CRISIL A1+. This information is crucial for stakeholders and investors to assess the company's creditworthiness and financial stability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7f0e5ee1-d316-4d2f-8aaa-421a5583810b.pdf |
Kirloskar Oil Engines Ltd. has announced an upgrade in its credit ratings by CRISIL Ratings Limited as of July 18, 2024. The long-term facility rating has been upgraded to CRISIL AA+/Stable from CRISIL AA/Positive, while the short-term facility rating has been reaffirmed at CRISIL A1+. This information was voluntarily disclosed pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has enclosed copies of the credit rating letters issued by CRISIL Ratings Limited for record purposes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a982a3ba-46e1-4874-8c06-4ed7fb3d952f.pdf |
INDUSIND BANK LTD. received a credit rating reaffirmation from Moody's Investors Service on July 18, 2024. |
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Mahindra & Mahindra Financial Services Ltd received reaffirmation of credit ratings on commercial paper and non-convertible debentures from CRISIL Ratings Limited and India Ratings & Research Private Limited on 18th July 2024. |
Rolex Rings Ltd has announced an upgrade in its credit rating by Care Edge Ratings. The long-term bank facilities rating for the company has been revised from CARE BBB+; Positive to CARE A-; Stable, and the short-term bank facilities rating has been upgraded from CARE A2 to CARE A2+. This enhancement is based on the company's operational and financial performance for FY24. |
Happy Forgings Ltd has received a letter from ICRA Limited reaffirming its current credit ratings. The long-term rating is [ICRA] AA (Stable), and the short-term rating is [ICRA] A1+. The rated amount has been enhanced from ₹210.00 crore to ₹485.00 crore. This enhancement includes fund-based limits from ICICI Bank Limited, YES Bank Limited, and HDFC Bank Limited, totaling ₹260.00 crore, with an additional unallocated amount of ₹225.00 crore. The ratings are subject to annual surveillance and may be reviewed based on new information or changes in the terms of the bank facilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a4297d53-9bce-4e20-ae77-9f071475c844.pdf |
Rail Vikas Nigam Ltd (RVNL) has signed a Memorandum of Understanding (MoU) with M/s United Construction Limited, Israel to collaborate on various infrastructure projects. This partnership aims to secure projects in sectors such as Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, Building Works, Airports, Ports, Irrigation, Power Transmission and Distribution, Solar, and Wind in Israel. This strategic move aligns with Regulation 30 and part B of Schedule III of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/be7f9d6b-f5d7-4579-96ee-f1f41a15547a.pdf |
9. ResignationsSharanam Infraproject and Trading Ltd has announced significant changes in its leadership as of July 18, 2024. |
Inga Essentia Ltd reported its unaudited financial results for the quarter ended June 30, 2024. The company achieved a total income of ₹**8,809.62 lakhs**, with revenue from operations at ₹**8,606.01 lakhs** and other income at ₹**203.60 lakhs**. The total expenses amounted to ₹**8,495.03 lakhs**, leading to a profit before tax of ₹**314.58 lakhs**. The net profit for the period was ₹**245.26 lakhs**, and the total comprehensive income stood at ₹**246.77 lakhs**. |
Garbi Finvest Ltd recently approved the resignation of Mr. Palpandian Cheliya Thevar as Chief Financial Officer and Key Managerial Personnel, effective from July 19, 2024. The company is in the process of identifying a replacement for this position. The resignation letter was dated July 19, 2024. Kripa Shankar Mahawar, the Managing Director, signed the communication regarding this matter. (**Garbi Finvest Ltd_7/19/2024_73**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/05019aa5-53d3-4f73-ac2c-5ae6ce22bccb.pdf |
Sharanam Infraproject and Trading Ltd has announced significant changes in its leadership as of July 18, 2024. |
Gabriel India Ltd. announced the resignation of Mr. Manoj Rajendra Kolhatkar as Managing Director, effective from the closing of business hours on October 17, 2024, citing personal reasons. This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
10. Other UpdatesReliance Home Finance Ltd has implemented a Resolution Plan approved by the National Company Law Tribunal (NCLT) on January 9, 2024. This plan includes dissenting debenture holders represented by Catalyst Trusteeship Limited. The company has settled dues amounting to Rs. 3,351 crore as per the plan, with payments made to debenture holders on July 18, 2024. The plan also involves the transfer of business to Authum Investment and Infrastructure Limited through a slump sale. The Supreme Court of India approved the resolution plan on March 3, 2023, ensuring all debenture holders, including dissenting ones, are compensated equitably. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c25c7bba-0c29-4bdb-90ce-1f5bb5308499.pdf |
Indian Hotels Co. Ltd. recently disclosed under Regulation 30 of SEBI Listing Regulations the transfer of its Wholly Owned overseas Subsidiary, Taj International Hotels Limited, to St James Court Hotels Limited. The restructuring aims to simplify the operational and legal structure, with no accounting implications for Indian Hotels Co. Ltd. |
Bhandari Hosiery Exports Ltd. has extended the closure date of its Rights Issue from July 22, 2024, to July 30, 2024. Due to a significant disruption caused by a crowd strike on Windows devices, which led to a reboot sequence issue. This extension allows shareholders additional time to submit their applications and application monies. The Rights Issue, initially opened on July 8, 2024, faced further complications due to technical glitches at ICICI Bank, prompting shareholders with accounts there to submit physical applications. The decision was formalized in a resolution passed by the Rights Issue Committee on July 19, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc88fc12-fdd3-4677-887f-796692af46f1.pdf |
Career Point Limited has provided an update on the Composite Scheme of Arrangement involving Srajan Capital Limited, Career Point Limited, and Career Point Edutech Limited and their respective shareholders. The National Company Law Tribunal (NCLT) hearing, initially scheduled for July 19, 2024, has been adjourned to August 14, 2024. This update follows a previous intimation dated May 25, 2024. The company has requested that this information be duly noted in the records. https://www.bseindia.com/xml-data/corpfiling/AttachLive/daa60a4b-5cfa-453d-96d2-f5be1168102d.pdf |
Nilkamal Ltd. reported a turnover of ₹**3,134 crores** for fiscal year 2024, a slight increase from ₹**3,079 crores** in the previous year, with a profit after tax of ₹**107 crores** compared to ₹**122 crores** in FY 22-23. The company's net worth as of March 31, 2024, stood at ₹**1,330 crores**, with a total debt of ₹**192 crores**. Nilkamal Ltd. operates 365 stores, having added 71 new stores during the current fiscal year. A final dividend of 200% (₹20 per equity share) has been recommended, totaling ₹**29.84 crores**. The company is expanding its Hosur plant and other facilities with a planned capex of approximately ₹**300 crores** for FY 2024-25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1bb932f-46d5-44db-8d51-6e407ae3d476.pdf |
Mrs. Bectors Food Specialities Ltd announced the adjournment of its Extra Ordinary General Meeting (EGM) initially scheduled for July 19, 2024. The reason for the adjournment was technical issues caused by a global outage of the cybersecurity platform Crowdstrike. This outage led to widespread Blue Screen of Death (BSOD) errors and system logouts, preventing the EGM from being hosted. |
Jubilant Ingrevia Ltd disclosed the transcript of its Investors’ Conference Call for the quarter ended June 30, 2024, held on July 16, 2024. The company discussed its un-audited standalone and consolidated financial results for the mentioned quarter. The transcript is accessible via the provided link on their official website. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/18a2b557-cffb-4c95-8f66-75cd02fbd062.pdf |
Angel One Ltd reported its Q1 FY '25 earnings, highlighting robust financial and operational performance. The company achieved its highest-ever quarterly gross revenue at Rs. 14.1 billion, with a 4% quarter-on-quarter growth. The average daily orders sustained at 7.7 million, totaling 462 million orders for the quarter. |
Akme Fintrade (India) Ltd reported its Q4 and FY 2024 earnings, highlighting a significant growth trajectory. In Q4 2024, the company achieved an interest income of INR 18.88 crores, with an EBITDA margin of 81.56% and a PAT of INR 6.28 crores. For the full fiscal year, total income was INR 73.50 crores, with a net profit margin of 25.21%. |
Ganesh Housing Corporation Ltd. reported its Q1 FY**25** earnings, highlighting a revenue of INR 221 crores, an EBITDA of INR 156 crores, and a PAT of INR 114 crores. The company completed the Malabar Exotica project ahead of schedule, contributing significantly to revenue. The Ahmedabad residential market showed resilience, with primary home sales reaching a post-pandemic high. Ganesh Housing plans to launch the Million Minds residential projects in phases, spanning 1.8 million square feet, and anticipates a 30-35% growth in PAT over FY**24**. The company maintains a strong financial position with surplus cash flows and continues to focus on high-value projects and strategic land sales. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d8b3667a-fbab-4eb3-8484-a38266fb1fc7.pdf |
INDian Hotels Co.LTD. has announced significant corporate actions as per Regulation 30 of the SEBI Listing Regulations. The Board approved the transfer of the restaurant business of its wholly-owned overseas subsidiary, Taj International Hotels Limited (TIHL), to St James Court Hotels Limited (SJCH). This restructuring will not impact the accounting of IHCL as it is a common control transaction. Additionally, an amendment to the Subscription cum Shareholders Agreement (SSHA) between IHCL, SATS Ltd, and Taj SATS Air Catering Limited was approved, modifying certain rights without changing shareholdings. Post-amendment, Taj SATS will be accounted as a subsidiary of IHCL under Indian Accounting Standards. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4366bdd6-fc60-4c2a-853c-390523f96bd9.pdf |
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