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Table of Contents
1.New Work Order
EUpdater Services Ltd announces merger of Integrated Technical Staffing Solutions Private Limited and Wynwy Technologies Private Limited |
Suven Pharmaceuticals Limited has received observation letters with "no adverse observations" from BSE Limited and "no objection" from the National Stock Exchange of India Limited for the scheme of amalgamation with Cohance Lifesciences Limited. This approval, dated 23 July 2024, follows the Board of Directors' decision on 29 February 2024 to proceed with the amalgamation, subject to regulatory approvals. The scheme is under Sections 230 to 232 of the Companies Act, 2013. It remains contingent on further approvals from the National Company Law Tribunal and other regulatory authorities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7e40c6e-89d0-49aa-8c1b-bdeb20d7db69.pdf |
Lyka Labs Limited, a Mumbai-based company in India, focused on healthcare through innovation, recently updated shareholders on a Scheme of Amalgamation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This amalgamation involves merging Lyka Exports Limited and Lyka Labs Limited. A joint petition for the amalgamation was filed before the National Company Law Tribunal. The case was listed on 22nd July 2024 and has been adjourned to 22nd August 2024 for further hearing. https://www.bseindia.com/xml-data/corpfiling/AttachLive/629a3aa1-ba6d-40e0-874b-dc4b339a2a8e.pdf |
Ahasolar Technologies Ltd has received a Work Order from Hindustan Petroleum Corporation Limited (HPCL) for Consultancy services in Project Management Services for Solar Plants and Site Supervision Services in Gujarat. The contract is valued at approximately ₹ 29 lacs and is to be executed within one year. The order is a domestic contract with no interest from the promoter group in the awarding entity, and it does not fall under related party transactions. |
Bondada Engineering Ltd recently received its first international work order from M/s. GameChange Solar, United States, through its subsidiary, Bondada Green Engineering Private Limited. The work order is for the supply of Solar Module Mounting Structures (MMS) amounting to USD 11,46,400 (INR ~ 9.60 Crore). The order is to be executed within 14 weeks from the receipt of the work order. Notably, there are no related party transactions involved in this contract. (**Plot No-37, Ashok Manoj Nagar, Ashok Manoj Nagar Plot No-37**, et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a44efc1-3915-4740-bd21-adaa95de278d.pdf |
Bondada Engineering Ltd received work orders from M/s. SVOJAS POWER PRIVATE LIMITED for fabrication, galvanizing, and supply of various towers and tower parts amounting to Rs. 4,99,12,208 to Jharkhand. The order is to be executed within 2 months from the receipt of the work order. The company confirmed that there are no related party transactions involved in this contract. The promoter group does not have any interest in the entity that awarded the order. (Plot No-37, Ashok Manoj Nagar, Ashok Manoj Nagar Plot No-37 et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/920db019-23cc-4d6c-b171-8ad86e4e16b6.pdf |
Bondada Engineering Ltd received work orders from M/s. BHARTI AIRTEL LIMITED for the supply of 6 Mtr Height GI poles (Hot Dipped Galvanised), weight 60kg each, without Base, amounting to Rs. 1,71,10,000/- (including GST) to Tamilnadu. The order was awarded by a domestic entity, and the time period for execution was not specified. The company confirmed that there are no related party transactions involved in this contract. (**Plot No-37, Ashok Manoj Nagar, Ashok Manoj Nagar Plot No-37**, et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/594fe3f0-d3c3-4398-a34b-c7e32d884daf.pdf |
ARTEFACT PROJECTS LTD. has secured a significant project from the Ministry of Road Transport and Highway. The project is valued at approximately Rs. 4.66 crores. |
Bajel Projects Ltd has secured a significant contract from PowerGrid Corporation of India Limited for the Transmission Line Package TL01, valued at INR 586.28 crores (excluding taxes). The project involves the construction of a 765 kV D/c Beawar – Mandsaur PS Transmission Line – Part I, associated with the "Transmission System for evacuation of power from Rajasthan REZ Ph-IV (Part-2: 5.5GW) (Jaisalmer/Barmer Complex) Part-D" through the Tariff Based Competitive Bidding (TBCB) route. The completion period for this project is set at 23 months from the date of the award notification. |
Dev Information Technology Ltd has secured a significant order from RajCOMP Info Services Ltd for the operation, maintenance, and enhancement of the RAJKISAN SATHI Portal for a period of one to two years. This project, valued at approximately Rs 500 Crore, aims to automate and streamline various agricultural processes, including subsidies, license generation, and the disbursement of Soil Health Cards. The system will also develop over 13 mobile applications to provide citizen-centric services. The contract is a fixed-cost agreement awarded by a domestic state entity, with no related party transactions involved. |
Dev Information Technology Ltd has secured a significant order from RajCOMP Info Services Ltd for the "Operation, Maintenance, and Enhancement of the RAJKISAN SATHI Portal" for a period of one to two years. This project involves enhancing and maintaining a single window portal for citizen-centric services and Direct Benefit Transfer (DBT) schemes related to agriculture and allied sectors. The contract, valued at approximately Rs 500 Crore, is a fixed-cost agreement awarded by a domestic state entity. The project includes the development of over 13 mobile applications to streamline various agricultural processes and services at 14, Aaryans Corpororate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad -380 059. (INDIA). (n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/0495d13f-d3a1-461c-acf8-4d624dc49a89.pdf |
Global Health Ltd recently disclosed acquiring a land parcel in Mumbai from MHADA for Rs. 125.11 crores on lease basis for constructing a 500+ bedded hospital. The estimated project capex is Rs. 1,200 crores. The company will update stock exchanges on material developments regarding this project. The land parcel is located at Mauje-Oshiwara, Jogeshwari, Maharashtra. The detailed business plan is subject to board approval. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe3dbb32-7e31-4fb7-9031-138b680d5ef4.pdf |
2. Business UpdatesKEC International Ltd has scheduled a Board Meeting on July 26, 2024, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024. Additionally, the Board will evaluate proposals for raising funds through various means, including private placement and qualified institutions placement, involving equity shares, convertible debentures, and non-convertible debentures. This meeting is in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/49c20ef6-313f-4631-a08e-a7e968943b9b.pdf |
South Indian Bank Ltd. has scheduled a Board Meeting on July 30, 2024, to discuss raising funds through various methods such as: |
Khoobsurat Ltd has scheduled a Board Meeting on August 12, 2024. The meeting aims to discuss key agenda items including the declaration of Bonus Shares and dividends on Equity Shares. Moreover, business strategies for the company's brewery project located at SA-22 & SA-23 Cuncolim Industrial Estate, Goa will be deliberated. The outcomes of these discussions will be subject to necessary regulatory and shareholder approvals. https://www.bseindia.com/xml-data/corpfiling/AttachLive/468c1642-db7f-4436-bc4e-a07dbf01922a.pdf |
ECLERX SERVICES LTD. announced a buyback of up to 1,375,000 fully paid-up equity shares at a price of Rs 2,800 per share, totaling Rs 3,850 million. The buyback was conducted through the tender offer route using the stock exchange mechanism. The opening date was July 9, 2024, and the closing date was July 15, 2024. The company adopted the Tender Offer route for the buyback, in accordance with SEBI regulations. (Mumbai -400 051, Mumbai -400 051) https://www.bseindia.com/xml-data/corpfiling/AttachLive/9945d8f4-c81e-4b84-9e3a-93bf6b190b8d.pdf |
TIDE WATER OIL (INDIA) LTD. has announced a significant change. According to the Board of Directors' resolution dated July 23, 2024, the company plans to change its name to Veedol Corporation Limited, subject to shareholder approval and other statutory sanctions. This change will involve amendments to the Memorandum of Association and Articles of Association. The approval process will be conducted via Postal Ballot/Remote E-Voting. The Postal Ballot Notice is expected to be circulated to shareholders by July 29, 2024. (TIDE WATER OIL (INDIA) LTD._7/23/2024_92, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff2fd0b9-fe22-4253-802c-14a56514e3c4.pdf |
Elpro International Ltd. has announced a significant update under Regulation 30 of the SEBI Listing Regulations. The Ministry of Corporate Affairs, Government of India, has approved the name change of its wholly-owned subsidiary from "Faridabad Management Private Limited" to "Elpro Realty Private Limited". This change is effective from July 22, 2024, as per the fresh Certificate of Incorporation issued. This update follows an earlier intimation dated May 30, 2024, and is crucial for stakeholders' information and records. https://www.bseindia.com/xml-data/corpfiling/AttachLive/38bdcd57-111c-4f00-8cec-7585b6c566aa.pdf |
Vedant Asset Ltd has scheduled a board meeting on Friday, 02nd August 2024, at 04:00 PM at their registered office in Ranchi, Jharkhand. The agenda includes the presentation of holdings made in Kartik Credit Private Limited and the review of non-compliance reports identified by the exchange for comments and feedback from the board(_Vedant Asset Ltd_7/23/2024_23, n.d.**). https://www.bseindia.com/xml-data/corpfiling/AttachLive/71671a21-e250-4343-b262-20773b8224bf.pdf |
Zydus Lifesciences Ltd has received final approval from the USFDA for Valsartan Tablets. The drug is indicated for hypertension and heart conditions. The tablets will be manufactured in Ahmedabad SEZ - II, India. Valsartan tablets had annual sales of USD 149.5 million in the United States. The company has filed over 460 ANDAs (Abbreviated New Drug Applications) since FY 2003-04, including Zydus Lifesciences Ltd_7/23/2024_121. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e7fc794-6d89-4b4b-9aeb-1eae67cc7b77.pdf |
Shilpa Medicare Limited has announced that its 100% subsidiary, Shilpa Pharma Lifesciences Limited, successfully cleared a GMP inspection by COFEPRIS-Mexico for its Active Pharmaceutical Ingredient (API) manufacturing facility, Unit II, located in Raichur, Karnataka. The inspection took place from November 6-10, 2023, and the facility has been issued GMP Certification. This unit is involved in manufacturing various oncology and non-oncology APIs. The company is committed to maintaining GMP status and quality standards as per global regulatory expectations. (Tiwary, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/abde792d-941f-4dfb-88d1-6331352266c3.pdf |
3. Investor PresentationMAHINDRA & MAHINDra FINANCIAL SERVICES LTD. provides financial solutions in India, focusing on rural and semi-urban sectors. Key areas include financing for vehicles, tractors, cars, and SMEs. The company has a wide reach with 1,370 offices across 27 states and 7 union territories, serving over 10 million customers. It has strong credit ratings from CRISIL, India Ratings, CARE, and Brickwork. |
Spencers Retail Ltd reported itssignificant Q1 FY25 financial results, highlighting a revenue of ₹548 Crore and a gross margin of ₹112 Cr at 20.5%, showing a 90 bps YoY growth. The company significantly improved its EBITDA to ₹29 Crore from ₹7 Crore in the previous year and reduced its PBT loss to ₹43 Crore from ₹64 Crore. Operational efficiencies led to an 11% reduction in operating costs. |
4. Press ReleasesParag Milk Foods Ltd reported its Q1FY25 financial results, showcasing a 1% revenue growth from ₹**750 crore** in Q1FY24 to ₹**758 crore**. The company's gross profit surged by 27% to ₹**204 crore**, with a gross margin increase from 21.4% to 26.9%. EBITDA also rose by 27% to ₹**61 crore**, improving the EBITDA margin from 6.5% to 8.1%. PBT saw a significant 77% growth to ₹**27 crore**, while PAT increased by 27% to ₹**27 crore**, enhancing the PAT margin from 2.9% to 3.6%. The company also highlighted a 10% volume growth in its business, with specific segments like ghee and cheese showing 15% and 12% YoY volume growth, respectively. https://www.bseindia.com/xml-data/corpfiling/AttachLive/989cfd40-28c9-4e4f-98af-bebdf14f73a0.pdf |
ICICI Securities Ltd reported a robust performance for Q1-FY2025, with consolidated revenue increasing by 76% YoY to ₹16,441 million and a 6% QoQ growth. The company's Profit After Tax (PAT) surged by 94% YoY to ₹5,269 million, although it saw a slight 2% decline QoQ. Total assets grew by 8.4% from ₹256,226.7 million as of March 31, 2024, to ₹277,838.6 million as of June 30, 2024. The Return on Equity (ROE) for Q1-FY2025 was an impressive 53.7%, up from 36.3% in Q1-FY2024. Revenue growth was driven by a 92% YoY increase in retail broking and allied revenue, and a 251% YoY rise in issuer services and advisory income. (Shetty, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3f28f536-e679-422a-818f-7d43a8a9c99f.pdf |
EKI Energy Services Ltd reported a consolidated revenue of ₹**178.21 crores** for Q1 FY25. The company's new power trading venture generated a significant contribution of ₹**136.20 crores**. EKI Energy Services Ltd maintains a strong cash flow, with ₹**62 crores** generated from operations and a liquidity position of ₹**177.33 crores** at the company level and ₹**208.85 crores** at the group level. The company is debt-free except for vehicle loans and anticipates positive impacts on turnover and margins from upcoming carbon credit issuances. EKI Energy Services Ltd has a diversified sales footprint, with Europe and Asia contributing over 80% of sales by volume. The company holds an inventory of approximately 9 million credits. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7298c8a-c719-41fe-85da-5921b6f330b5.pdf |
Welspun Specialty Solutions Ltd reported its un-audited financial results for Q1 FY25, highlighting a 1% YoY increase in total income to INR 1,680 million and a 7% QoQ rise. However, EBITDA decreased by 28% YoY to INR 168 million, and Profit After Tax (PAT) dropped by 83% YoY to INR 19 million. |
EKI Energy Services Ltd reported significant financial performance for Q1 FY25, with consolidated revenue reaching Rs. 178.21 Crores. This growth was driven by a strategic shift towards diversified business segments, including a new venture in power trading that generated Rs. 136.20 Crores. The company maintains a strong cash flow, with Rs. 62 Crores generated from operations and a liquidity position of Rs. 177.33 Crores at the company level and Rs. 208.85 Crores at the group level. EKI Energy Services Ltd is debt-free except for vehicle loans, and anticipates positive impacts on turnover and margins from upcoming carbon credit issuances from community-based projects. The company has a robust inventory of approximately 9 million credits and a broad geographic footprint, with Europe and Asia contributing over 80% of sales by volume. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f5b1a995-75b7-4c4c-9322-67f3654cccb6.pdf |
DCM Shriram Limited reported a 3% increase in net revenue for Q1 FY25, reaching Rs 2,876 crore compared to Q1 FY24. The PBIT surged by 68% to Rs 187 crore, while PAT rose by 77% to Rs 100 crore. The ROCE improved to 14.3% from 13.6% in the previous fiscal year. |
ICICI Prudential Life Insurance Company Ltd reported a strong performance for Q1-FY2025, with a Value of New Business (VNB) of ₹4.72 billion and a VNB margin of 24.0%(Nair et al., n.d.). The company achieved a 34.4% year-on-year growth in Total APE (Annualised Premium Equivalent) to ₹19.63 billion(Nair et al., n.d). Persistency ratios showed consistent improvement, with the 13th-month persistency at 89.7%(Nair et al., n.d). The company also maintained a robust solvency ratio of 187.9% as of June 30, 2024(Nair et al., n.d). Additionally, 85% of policies were issued using digital KYC in Q1-FY2025, reflecting the company's focus on digitalisation(Nair et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/c17b5c8b-a08e-4a49-89bf-c82d61c303d7.pdf |
Greenlam Industries Ltd reported its Q1 FY25 financial results, showcasing a 17.4% YoY revenue growth to ₹604.7 crores. The laminate business saw a 13.2% value growth and 11.9% volume growth YoY. This growth was driven by international revenues which reached ₹285.6 crores. However, EBITDA margins declined to 10.6% due to higher operating expenses, resulting in a net profit of ₹19.9 crores. The company’s net debt stood at ₹921.8 crores, with a significant portion allocated to the particle board project expected to commence in Q3 FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/24ebb2cf-245e-4120-b5f9-4b84a4fa8a2d.pdf |
Steel Strips Wheels Ltd. (SSWL) is a leading manufacturer of automotive wheels, specializing in both steel and alloy wheels. Founded in 1991, SSWL operates five wheel plants with a combined capacity of over 24 million units annually. The company has shown robust financial performance, with a revenue of INR 4,357 crore in FY24 and a 5-year CAGR of 23% in revenue and 57% in PAT. SSWL is expanding its alloy wheel capacity by 33% and has a strong export profile, contributing significantly to its revenue. The company is also foraying into the EV segment and has strategic partnerships with Tata Steel and Nippon Steel & Sumitomo Metal Corporation. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bde55ba1-8e10-476c-a466-5d14ffc8ab07.pdf |
Torrent Pharmaceuticals Ltd. reported its unaudited consolidated financial results for Q1 FY 2024-25, showcasing a 10% growth in total revenues to Rs 2,859 crore compared to Rs 2,591 crore in Q1 FY 2023-24. The revenue breakdown includes: |
Menon Bearings Ltd.** reports Q1FY25 financial and operational performance countless revision Zent fract Student wished |
Sharda Cropchem Ltd reported a significantfinancial performance for Q1 FY25, with total revenues increasing by 23% to Rs. 785 crores compared to Q1 FY24. The agrochemical segment saw a 43% growth, contributing Rs. 679 crores, while the non-agrochemical segment declined by 35% to Rs. 106 crores. The company's EBITDA improved to Rs. 88 crores from a loss of Rs. 66 crores in Q1 FY24, with EBITDA margins rising to 11.3%. PAT for the quarter stood at Rs. 27 crores, reversing a loss of Rs. 89 crores in the previous year. Sharda Cropchem's asset-light business model and extensive global presence in over 80 countries have been pivotal in driving these results. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a81c7696-e27c-4afe-9372-d30ce4cf37a6.pdf |
Thyrocare Technologies Ltd reported a 16% Year-on-Year (YoY) increase in consolidated revenue for Q1 FY25. This growth was driven by a 16% expansion in both the Pathology and Radiology segments. |
Bajaj Finance Limited reported a mixed Q1 FY25 with notable achievements and challenges. The company delivered an Asset Under Management (AUM) growth of ₹23,577 crore, booking 10.97 million new loans and adding 4.47 million new customers. The Bajaj Finserv App now has 56.79 million net users. Despite elevated loan losses, the company maintained a strong balance sheet with a liquidity buffer of ₹16,235 crore and a cost of funds at 7.94%. The net interest income grew by 25% to ₹8,365 crore, while the net total income increased by 24% to ₹10,418 crore. The consolidated profit after tax rose by 14% to ₹3,912 crore, with a capital adequacy ratio of 21.65% as of 30 June 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/96547ee4-64d7-40b0-b5e3-6db029396353.pdf |
Hindustan Unilever Ltd. reported its unaudited financial results for the quarter ended June 30, 2024. The company achieved a turnover of ₹**15,166 crore** with an Underlying Sales Growth (USG) of 2% and an Underlying Volume Growth (UVG) of 4%. The EBITDA margin stood at 23.8%, reflecting a 20 bps increase year-over-year. Net Profit for the quarter was ₹**2,538 crore**, marking a 3% growth compared to the previous year. The company highlighted a strong performance in Home Care with a 4% USG and high-single digit UVG, and Beauty & Wellbeing with a 3% USG and mid-single digit UVG. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4d7d13c4-c0bb-46d4-8fb8-c64211e0a664.pdf |
Infobeans Technologies Ltd is a global Digital Transformation and Product Engineering organization founded in 2000. They have a strong team of 1500+ members across various locations like India, Middle East, Europe, and the USA. The company has shown significant growth over the years, with key milestones such as opening offices in the US, UAE, and Germany, acquiring the US-based Philosophie Group, Inc., and achieving an IPO on the NSE. In FY 2023-24, their revenue was ₹399 Cr, and they have partnerships with major tech companies like Salesforce, ServiceNow, and Microsoft. The company has a strong focus on delivering exceptional value to clients through innovative software technologies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/32729a81-defb-4cab-8e2c-51a41a05ca25.pdf |
Luharuka Media & Infra Ltd has scheduled a Board Meeting on July 29, 2024, to consider and approve the Unaudedited Financial Results for the quarter ended June 30, 2024. The meeting will also finalize the Right Issue Size, Issue Price, Right Entitlement Ratio, and other related matters, including the adoption of the Letter of Offer (LOF) and fixing the record date for eligible shareholders. Additionally, the Board will recommend a Final Dividend on Equity Shares for the financial year ended March 31, 2024, subject to shareholder approval at the upcoming 43rd Annual General Meeting. The trading window for dealing in the company's securities has been closed from July 01, 2024, and will remain closed until July 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/380fa28a-d58b-4ebc-833f-9835e54e6313.pdf |
Srestha Finvest Ltd announced the outcome of its Board of Directors meeting held on July 23, 2024. The board approved the allotment of 24,00,00,000 Rights Equity Shares at a face value and price of ₹**2/-** per share, resulting in a total paid-up equity share capital of ₹**48,00,00,000/**. The meeting commenced at 04:40 P.M. and concluded at 05:40 P.M.. https://www.bseindia.com/xml-data/corpfiling/AttachLive/58c47c3e-e6e9-4c91-9aa2-f3027d3f50d6.pdf |
Jay Shree Tea & Industries Ltd. has announced the closure of its sulphuric acid and oleum manufacturing unit at The Jay Shree Chemicals & Fertilizers in Pataudi, Gurugram, Haryana. This decision was approved by the Board of Directors on July 23, 2024. |
Royal Sense Limited launched a new product, the Stergic Iris Abdominal Support Belt, on July 23, 2024. The product falls under the category of Orthotics and is designed to cater to the domestic market. This specialized garment provides compression and stability for post-surgery recovery, back support, and pregnancy discomfort. Royal Sense Limited is known for providing innovative diagnostic solutions globally, focusing on quality, reliability, and accessibility in healthcare. (Royal Sense Ltd._7/23/2024_103, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/4865e8fa-d52f-4c99-9046-1f0b6aa52eee.pdf |
Vaghani Techno-Build Ltd. has announced an Open Offer for the acquisition of up to 13,57,200 equity shares, representing 26% of the voting share capital. The offer price is set at ₹**11** per share, totaling a maximum consideration of ₹**1,49,29,200**. |
Vaghani Techno-Build Ltd. has announced an open offer for the acquisition of up to 13,57,200 fully paid-up equity shares, representing 26% of its voting share capital, at ₹**11** per share. This offer is triggered by the execution of a Share Purchase Agreement (SPA) dated July 23, 2024. In this agreement, the acquirers, Jatinkumar Tulsibhai Patel, Parth Tulsibhai Patel, and Arjunkumar Jagdishbhai Patel, agreed to acquire 35,09,869 shares, constituting 67.24% of the company's voting share capital, for ₹**7.50** per share. The total consideration for the open offer is ₹**1,49,29,200**, payable in cash. The acquirers will assume control and become the new promoters of the company, with the current promoters relinquishing their shares and control. https://www.bseindia.com/xml-data/corpfiling/AttachLive/88883F41-1BFC-4BBA-8500-11E2F76B2AF9-171121.pdf |
Bangalore Fort Farms Ltd is the subject of an open offer by Genesis Trade-Links Private Limited, Mr. Vikash Singh, and Mrs. Nitu Singh to acquire up to 12,47,844 Offer Shares, representing 26.00% of the Voting Share Capital at Rs.28.50 per Equity Share. The Acquirers have entered into a Share Purchase Agreement for 15,95,693 Equity Shares at Rs.25.00 per Sale Share. Swaraj Shares and Securities Private Limited is the Manager to the Offer, overseeing the open offer in compliance with SEBI regulations. (**Bangalore Fort Farms Ltd_7/23/2024_109**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/6EB62087-ED4D-40F9-B9BF-F36E52B7C92B-134236.pdf |
5. Preferential BasisNatural Biocon (India) Ltd recently conducted a Preferential Allotment Committee meeting on July 23, 2024. During the meeting, the company approved the allotment of 18,00,000 equity shares at a price of Rs. 13.50 per share, including a premium of Rs. 3.50 per share. The company received Rs. 2,43,00,000 in share application and allotment money from 4 out of 7 proposed allottees. The total amount of equity shares allotted was also Rs. 2,43,00,000. The trading window for the company's equity shares will remain closed for forty-eight hours after the meeting's outcome is announced. (To, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/4aa13b88-cf7d-4e3a-969f-6af45ec13988.pdf |
Mehai Technology Ltd has scheduled a Board Meeting on July 30, 2024, at its registered office in Jaipur to discuss raising funds through the issuance of Convertible Equity Share Warrants to Promoters/Promoters Group and other prospective investors on a preferential basis. The meeting will also consider setting the date, time, and venue for the upcoming Extraordinary General Meeting (EGM) and approve the EGM notice. Additionally, the trading window for equity shares will be closed for designated persons and their immediate relatives from July 23, 2024, until 48 hours after the Board Meeting. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c81deca-167e-4de1-88e1-829da77f6ad1.pdf |
Monarch Networth Capital Ltd has scheduled a Board of Directors meeting on Sunday, July 28, 2024, to consider and approve several key agenda items. These include: |
Spice Islands Industries Ltd recently held a board meeting on July 23, 2024, where they approved various business matters. These include: |
NATURAL CAPSULES LTD. has announced a Board of Directors meeting scheduled for July 26, 2024. The meeting aims to consider and approve a proposal for raising funds through the issuance of Equity Shares via Preferential Issue, Private Placements, or a combination thereof, as permitted under applicable laws. This action is subject to necessary regulatory and shareholder approvals. |
Apollo Micro Systems Ltd held a Board of Directors meeting on July 23, 2024, where they approved the issuance of up to 2,45,0,700 convertible warrants at ₹**108** each, aggregating ₹**264.61 crores**, to Promoter Group and identified Non-Promoter entities. They also appointed Acuité Ratings & Research Limited as the monitoring agency for the proceeds. Additionally, the board approved borrowing up to ₹**1500 crores**, creating security for the same amount, and granting loans and guarantees up to ₹**1000 crores**, all subject to member approval. An Extraordinary General Meeting is scheduled for August 16, 2024, to discuss these resolutions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e91ae7f8-ec01-4c13-b2a6-ec7295efefbc.pdf |
Parag Milk Foods Ltd reported robust financial performance for Q1FY25, with revenue reaching INR 758 crore, reflecting a 1% YoY growth. The company achieved a Gross Profit Margin (GPM) of 26.9%, up by 550 basis points YoY, and an EBITDA of INR 61 crore, marking an 8.1% margin. Profit Before Tax (PBT) surged by 77% YoY to INR 27 crore, while Profit After Tax (PAT) also stood at INR 27 crore, showing a 27% YoY growth. |
EKI Energy Services Ltd announced its financial results for Q1 FY24-25, showcasing a consolidated revenue of Rs 178.21 crores. This growth was driven by a strategic entry into power trading, which contributed Rs 136.20 crores. The company reported strong cash flow with Rs 62 crores generated from operations and a liquidity position of Rs 208.85 crores at the group level. |
United Spirits Ltd. reported its unaudited consolidated and standalone results for Q1FY25, showcasing a steady performance. Consolidated net sales value (NSV) reached INR 2,761 Cr., growing by 3.5% year-on-year. EBITDA remained flat at INR 713 Cr. Standalone NSV was INR 2,352 Cr., with an 8.3% year-on-year growth. This growth was driven by the Prestige & Above segment, which saw a 10.1% increase. The company's gross margin improved to 44.5%, and EBITDA grew by 18.9% to INR 458 Cr., with a margin of 19.5%. Profit after tax for the standalone business was INR 299 Cr., reflecting a net profit margin of 12.7%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/05b563a5-1bb9-4b9f-9ffa-497ee8d735c9.pdf |
Schaeffler India Ltd reported its unaudited financial results for the second quarter and half year ended June 30, 2024. The company achieved a revenue of INR 20,719 million for Q2 2024, marking a 13.3% increase from Q2 2023 and a 12.0% rise from Q1 2024. The PBT for Q2 2024 was INR 3,399 million, with a net profit of INR 2,535 million and a net profit margin of 12.2%. |
Titagarh Rail Systems Ltd has initiated the export of traction converters, with the first shipment of 8 converters dispatched to Italy on July 19, 2024, as part of a EUR 7.18 million deal with Titagarh Firema S.p.A. This marks the inaugural export from their Passenger Rolling Stock Facility in India. The converters are for the Regione Lazio Viterbo and Lido lines, operating at 3 KV and 1.5 KV respectively. The facility currently produces 25 converters per month, with plans to increase to 50. This milestone underscores Titagarh's commitment to innovation and making India a global manufacturing hub for railway systems. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa6368e7-d3ad-4a60-ad50-95fa7be41857.pdf |
Sharda Cropchem Ltd announced its unaudited financial results for Q1 FY25, showcasing a 23% revenue growth to Rs. 785.1 crores. This growth was driven by a 41% increase in volumes, with Europe nearly doubling. |
Heritage Foods Limited reported a significant YoY profit growth of 249% for Q1 FY25, with consolidated revenue reaching INR 10,327 Mn, marking an 11.8% increase. The company's EBITDA stood at INR 938 Mn, reflecting a 133% YoY growth and an EBITDA margin of 9.08%. |
Huhtamaki India Ltd reported its Q2 2024 results, showcasing net sales of Rs. 6,209 million, a 2.5% increase from the previous year. However, EBIT before exceptional items decreased by 13.8% to Rs. 263.3 million. For H1 2024, net sales were Rs. 12,146 million, a 3.0% decrease. With EBIT before exceptional items at Rs. 661.8 million, down by 8.7%. The company faced margin pressures due to supply chain constraints and product mix but remains focused on long-term profitable growth and operational excellence. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0f974131-ba6e-4813-bf04-d8bc8bbe761b.pdf |
TATA ELXSI LTD. has announced a significant development with Nidec Corporation through the execution of a comprehensive Memorandum of Understanding (MOU) on July 22, 2024. This MOU aims to leverage Tata Elxsi's expertise in design, technology development, and software integration to enhance Nidec's software development capabilities across its global operations. |
Gland Pharma Ltd has received tentative approval from the USFDA for Latanoprostene Bunod Ophthalmic Solution, 0.024%. The product is bioequivalent to Vyzulta® Ophthalmic Solution, 0.024%, with potential for 180 days of generic drug exclusivity. It aims to reduce elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension. The product had US sales of approximately USD 153 million for the twelve months ended December 2023 (Pallerlamudi et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b62c75e-9984-46a9-b462-4d58dcf1e193.pdf |
Mahindra & Mahindra Financial Services Ltd reported strong financial results for Q1 FY25, with a 45% YoY growth in PAT to ₹**513 crores**. Key highlights include: |
KAJARIA CERAMICS LTD. is a leading ceramic/vitrified tile manufacturer in India with an annual capacity of 88 million sq. meters across multiple plants. The company has subsidiaries like: |
SRF Limited announced its Q1FY25 financial results on July 23, 2024. The company reported a 4% increase in consolidated revenue to ₹**3,464 crore**, while EBIT decreased by 19% to ₹**484 crore**. Profit after Tax (PAT) also decreased by 30% to ₹**252 crore**. |
Stanley Lifestyles Ltd is a leading super premium and luxury furniture manufacturer and retailer based in Bengaluru, India. In FY2024, the company reported a revenue from operations of Rs. 4,325 million and EBITDA of Rs. 849 million with margins of 19.6%. The Q4 FY2024 revenue from operations increased by 23.0% compared to Q4 FY2023. Stanley Lifestyles completed a successful IPO in June 2024, raising Rs. 2,000 million in primary capital. The company aims to establish 24 stores by FY2027 and has a strategic growth plan focused on expanding its retail presence and enhancing operational efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b9b26923-0cfd-4adf-9fa4-d934f6a41219.pdf |
Infobeans Technologies Ltd reported impressive financial results for the first quarter of FY 2024-25. The company showcased a 6% year-over-year revenue growth, a 25% increase in EBITDA margins, and a remarkable 123% surge in PAT margins compared to the same period last year. |
ICRA Limited released its unaudited financial results for the first quarter ended June 30, 2024. The company reported a consolidated revenue from operations of Rs. 114.8 crore, showing an 11.8% increase compared to the same quarter in the previous year. The Profit after tax (PAT) for the quarter was Rs. 35.9 crore. Despite challenges like a transient dip in economic activities due to general elections and uneven progress of the monsoon, ICRA's businesses demonstrated resilience and growth. The company also engaged in various industry events, published informative reports, and hosted webinars during the period. Additionally, ICRA and Moody's co-hosted the "India Credit Conference" in Mumbai, discussing topics like GDP growth projections and industry trends. |
RANE ENGINE VALVE LTD. announced un-audited financial results for the quarter ending June 30, 2024. The revenue was reported at 141.0 Crore, showing a 1.8% increase from the previous year. The EBITDA margin was reported at 7.6%, up by 37.7%. Sales to Indian OE customers grew by 6%, while export sales declined by 13%. The company experienced a drop in EBITDA margin due to an adverse product mix. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0270a4e4-ef09-46ba-a50f-7fd4788033ad.pdf |
THOMAS COOK (INDIA) LTD. is a leading omnichannel travel services company in India, offering a wide range of travel services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, and Visa Services. The company operates several well-known brands such as Thomas Cook, SOTC, TCI, and Sterling Holiday Resorts Limited. With a strong presence in 28 countries across 5 continents, the company caters to various customer segments like working professionals, couples, millennials, and families. Thomas Cook (India) Ltd. has received numerous awards for its excellence in the travel industry, showcasing its commitment to quality and innovation.(Parekh, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ddf8a55d-6b6f-49df-a591-68c44a82d9f9.pdf |
The Great Eastern Shipping Company Limited has recently contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav. The vessel, with a capacity of about 51,383 dwt, is scheduled for delivery to the new buyer by Q2/Q3 FY25. This sale is part of the company's strategy to optimize its fleet, which currently consists of 43 vessels, including tankers and dry bulk carriers totaling 3.41 Mn dwt. Additionally, the company had previously contracted to sell one MR product tanker and buy another, with deliveries expected in Q2FY25. This transaction reflects the company's ongoing efforts to manage its fleet efficiencyently and adapt to market conditions. (**Worli, Mumbai -400 018, INDIA.** Mumbai -400 018, Worli, INDIA, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/96332bfa-8133-4ec5-be38-1615a6e2ba29.pdf |
Rushil Decor Ltd., a leading manufacturer of eco-friendly MDF, Laminates, PVC, and WPC, is expanding into the North American market to strengthen its global presence. The company aims to achieve an ambitious vision of reaching Rs. 2500 Crores by FY 2029. With an impressive 9% growth in the January to March 2024 quarter, Rushil Decor is well-positioned to meet international demand. |
RateGain Travel Technologies Ltd has been recognized for its excellence in Diversity, Equity, and Inclusion by the World HRD Congress. The company's dedicated efforts in fostering an inclusive workplace have been acknowledged through various initiatives under its Employee Resource Groups (ERGs) focused on People, Policies, and Partnership. This recognition highlights RateGain's commitment to advancing DE&I initiatives and creating a diverse and innovative work environment. The award not only enhances RateGain's reputation but also attracts top talent, setting a positive industry example of successful DE&I programs. (RateGain Travel Technologies Ltd_7/23/2024_128, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/e2321219-b786-4d4d-8a1c-59ff0ce6c112.pdf |
Axiscades Technologies Ltd recently received the Defennovation Award 2024 for Excellence in Research and Development by ELCINA. The award recognized Mistral Solutions Pvt Ltd, an AXISCADES company, for its significant contributions to advancing R&D activities within the defense sector. Mistral was awarded for its work on the ARUDHRA RADAR designed by DRDO, a cutting-edge radar system. This achievement highlights AXISCADES' strong position in the defense vertical and its commitment to enhancing India's self-reliance in defense technology. |
KUMBHAT FINANCIAL SERVICES LTD. is involved in an e-tender notice for the appointment of transport contractors in Tamil Nadu. The tender document specifies the transportation of sugar from cooperative/public sector sugar mills within and outside the district for a period of two years. The last date for bid submission is 29/08/2024, with the bid opening scheduled for 30/08/2024. The earnest money deposit required is Rs. 1,00,000, and the security deposit is Rs. 2,00,000. (KUMBHAT FINANCIAL SERVICES LTD._7/23/2024_130, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e75eddf-118a-4825-ae77-0f2f0f44bcb2.pdf |
L&T Technology Services Ltd partnered with SymphonyAI to offer AI-based business transformation through Apex Enterprise Copilot. The collaboration aims to provide transformative AI operations globally using SymphonyAI's Apex Service Management and Apex Enterprise Copilot. This partnership leverages SymphonyAI's predictive and generative AI SaaS products and LTTS's digital engineering expertise to enhance productivity, simplify work processes, and create better user experiences. The joint customer has already benefited from AI-based Apex Service Management, resulting in faster service requests resolution and reduced operating costs. The partnership focuses on delivering innovative solutions for digital transformation across various industries. (**L&T Technology Services Ltd_7/23/2024_131**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/e4573b29-ca17-4038-8989-44906609f6aa.pdf |
One 97 Communications Ltd, the parent company of Paytm, has announced a strategic partnership with Axis Bank to provide POS solutions and EDC devices to the bank's merchant network. This collaboration aims to empower merchants with advanced technology, offering comprehensive store management services such as inventory management, invoice generation, promotions, sales tracking, and CRM. |
KAJARIA CERAMICS LTD. announced the outcome of a Board Meeting on July 23, 2024. The Company approved the Unaudited Financial Results for the quarter ending June 30, 2024. They also decided to dispose of machineries at a plant in Rajasthan, reducing ceramic tile production capacity to 26.85 MSM from 31.32 MSM. The financial results were prepared in accordance with Indian Accounting Standards and SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f81c1da0-206c-494c-b5da-78ecf0ef9acd.pdf |
6. New AcquisitionsCraftsman Automation Ltd recently made significant acquisitions in Germany, acquiring assets of Fronberg Guss GmbH and Fronberg Guss Immobilien GmbH. The company aims to expand its market presence in Europe by purchasing these assets. |
Krishna Institute of Medical Sciences Ltd has announced the merger of its step-down wholly-owned subsidiary, Rajyalakshmi Healthcare Private Limited (RHPL), with its holding company, Sarvejana Healthcare Private Limited (SHPL). The Boards of both RHPL and SHPL approved the merger scheme on July 22, 2024. |
ICICI Lombard General Insurance Company Ltd has disclosed an acquisition of Shares in Reliance Industries Limited. The acquisition, valued at ₹2.09 billion cumulatively up to the date of acquisition, represents a 0.01% shareholding. This transaction was conducted at arm's length and does not constitute a related party transaction. The acquisition was completed on July 23, 2024, during market hours, with the consideration being in cash. |
Piramal Pharma Limited has announced the acquisition of up to 76% equity share capital in Clean Max Aero Private Limited for a total cash consideration of Rs 216 Crores. This acquisition, expected to be completed within 7 to 8 months, aims to qualify Piramal Pharma as a 'Captive User' for procuring renewable energy. The SPV, incorporated on 14th July 2023, will supply renewable energy with a total solar capacity of approximately 9.90 MWp in Maharashtra. Of this, 6 MWp will be utilized by Piramal Pharma. This transaction does not involve related party transactions, and no governmental or regulatory approvals are required. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8576ad2-676d-4acc-9878-31254f4fffbf.pdf |
United Spirits Ltd. has announced significant investments in two companies as part of its strategic growth initiatives. On July 23, 2024, the board approved investments in V9 Beverages Private Limited (Sober) and Indie Brews and Spirits Private Limited (Quaffine). |
Ester Industries Ltd. has announced the incorporation of ELITe (Ester Loop Infinite Technologies Private Limited) on 22nd July 2024 as a wholly owned subsidiary. ELITe is intended to be a joint venture between Ester Industries Ltd. and Loop Industries Inc., with both companies holding 50% each. The joint venture will focus on manufacturing DMT (Dimethyl Terephthalate) and/or MEG (Monoethylene Glycol) through the depolymerization of PET (Polyethylene Terephthalate) and/or polyester waste using patented Loop technology. The authorized capital for ELITe is INR 10 Crores, with a paid-up capital of INR 20 Lakhs. The acquisition cost for Ester Industries Ltd. is INR 20 Lakhs for 2,00,000 equity shares at INR 10 each. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5a609e11-72fb-46f2-9879-7fbfafbe2703.pdf |
Infosys Ltd. has announced a strategic investment of €**5.0 million** in UVC Fonds IV GmbH & Co. KG, a venture capital fund based in Germany. This investment, facilitated through Infosys Germany GmbH, aims to leverage AI and Deep Tech to enhance Infosys' capabilities in creating intelligent products and business transformation solutions. |
Nila Spaces Ltd announces incorporation of new subsidiary, Nila Urban Living Private Limited (NULPL), on 23 July 2024. The subsidiary has an authorized and paid-up capital of INR 1,00,000 and is yet to commence business activities. |
Sundaram-Clayton Ltd has incorporated a wholly-owned subsidiary named SCL Properties Private Limited on 22nd July 2024. The subsidiary has an authorized and paid-up capital of Rs.10,00,000/-, comprising 10,00,000 equity shares of Re.1/- each. The acquisition falls under related party transactions, with the entire equity subscribed by Sundaram-Clayton Ltd. SCL Properties Private Limited will focus on data center services, interconnection solutions, and IT-related services. The acquisition was completed with a cash consideration of Rs.10,00,000/-. https://www.bseindia.com/xml-data/corpfiling/AttachLive/19787354-643d-472f-8bcc-59042bcbab75.pdf |
Maithan Alloys Ltd. recently acquired equity shares of Jio Financial Services Ltd. through the stock exchange on July 23, 2024. The acquisition was made for long-term investment benefits, with no intention to control the management of the target entity. The company clarified that there is no interest from the promoter group in the entity being acquired. |
Craftsman Automation Ltd recently acquired 100% of the equity shares of INOS 24-004 GmbH, a German company, along with its wholly owned subsidiary, INOS 24-003 GmbH. The acquisition was made for a cash consideration of Euro 57,000, and the company now has control over both entities. The objective of the acquisition is to expand its business presence in the European market and explore further opportunities in Germany. The acquisition was completed on July 22, 2024, and no governmental or regulatory approvals were required for the transaction. |
Capri Global Capital Limited has received an A1+ credit rating from CARE Ratings Ltd. for its Commercial Paper Programme. The rating applies to a facility quantum of Rs. 700.00 Cr. This information was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (**Capri Global Capital Limited_7/23/2024_32**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/867a7fe0-2473-4501-bc01-8d38b0f2c714.pdf |
Sanghvi Movers Ltd. has received a reaffirmation of its credit ratings from ICRA as of July 23, 2024. The long-term rating is maintained at "A+ (Stable)", and the short-term rating is "A1". The rated instruments include a long-term fund-based cash credit of ₹100 crore, a long-term fund-based term loan of ₹588.36 crore, and short-term non-fund-based instruments totaling ₹45 crore. The total rated amount stands at ₹751.28 crore. The ratings are subject to annual surveillance and may be reviewed based on new information or changes in terms and conditions. |
7. Credit RatingTejas Networks Ltd has received a reaffirmation of its credit rating from ICRA for an enhanced amount of ₹**4,200 crore**, up from ₹**559.86 crore**. The ratings assigned are [**ICRA**]A+ (Stable) for long-term and [**ICRA**]A1+ for short-term bank facilities. The fund-based limits are ₹**3,771 crore**, non-fund-based facilities are ₹**265 crore**, and unallocated limits are ₹**164 crore**. The reaffirmation and enhancement reflect the company's robust financial health and creditworthiness. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f5fa2130-1c93-44cb-8841-9b551a5690c3.pdf |
Bharti Airtel Ltd. has announced a revision in its credit rating outlook. The long-term rating by CRISIL Ratings Limited has been reaffirmed at 'CRISIL AA+/Positive', upgraded from 'Stable'. The short-term rating remains 'CRISIL A1+'. This update is part of the company's compliance with SEBI Listing Regulations, 2015, and reflects the company's improved financial stability and positive future outlook. https://www.bseindia.com/xml-data/corpfiling/AttachLive/875a0a78-2cc6-4564-902a-904fea187c1c.pdf |
AJR Infra And Tolling Ltd announced the disposal of its entire 100% equity stake in Tada Infra Development Company Limited (TIDCL), an unlisted, non-operative wholly-owned subsidiary. The Board of Directors approved the sale of 1,00,000 equity shares at Rs.10 each, totaling Rs.2 Lakhs, on 23rd July 2024. The turnover of TIDCL for the financial year ending 31st March 2024 was nil, with a net worth of Rs.401.76 Lakhs. The sale is expected to be completed within one month from the execution of the Share Purchase Agreement. The buyers, Mr. Aakash Pandey and his business associates, are not part of the promoter group, and the transaction does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/741877b9-f085-4f3a-b1cc-2358ffcda7a6.pdf |
Jay Shree Tea & Industries Ltd. held a Board of Directors meeting on July 23, 2024. They approved the closure of their sulfuric acid and oleum manufacturing unit at Jay Shree Fertilizers, Pataudi Chemicals, Gurugram, Haryana. The company also entered into a definitive agreement to sell 16.59 acres of freehold land at Bohra Kalan Road, Pataudi, Haryana, for Rs. 100 Crore. This sale is expected to be completed by October 23, 2024. The proceeds will be used to retire debts and improve liquidity. The unit contributed Rs. 19.93 Crore in revenue last financial year, accounting for 2.39% of the company's total revenue and 8.87% of its net worth. The buyer, GSK Infratech LLP, is not related to the promoter group. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a2f1b243-5a1a-4188-8323-c7e3c8c4ed4e.pdf |
8. ResignationTanvi Foods (India) Ltd has announced the resignation of its Chief Financial Officer, Mr. Gangachari Ryali, effective from the closing hours of July 23, 2024, due to personal reasons. This disclosure is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has confirmed that there are no other relationships or appointments related to this resignation. This information is intended for public dissemination and transparency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d2dc00a-b264-444d-ad23-b72306271bbe.pdf |
Welspun Enterprises Ltd has announced the resignation of M/s. Vatsaraj & Co., Chartered Accountants, as the statutory auditors of its material subsidiary, Welspun Michigan Engineers Limited, effective July 23, 2024. The resignation is due to a change in the company's ownership, prompting the management to appoint auditors from the holding company. Consequently, MGB & Co., LLP, Chartered Accountants, has been appointed to fill the casual vacancy and will serve as the statutory auditors for a tenure of five consecutive years, subject to shareholder approval at the ensuing Annual General Meeting. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cb5fb978-9a01-4cc7-b23a-328514e711c3.pdf |
Welspun Specialty Solutions Ltd reported its unaudited financial results for the quarter ended June 30, 2024. The company achieved a total income of ₹16,803 lakhs, with revenue from operations amounting to ₹16,210 lakhs. The net profit for the period was ₹4,003 lakhs, reflecting a significant increase from the previous quarter. The company also recognized an additional deferred tax asset of ₹3,387 lakhs based on projected taxable profits for the next four years. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on July 23, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/05bd08b9-da44-4f8b-81ca-a6ce4d8ac909.pdf |
Croissance Ltd announces the resignation of its Statutory Auditor, M/s. S. D. Mehta & Co., effective from July 22, 2024. The resignation is attributed to the company's evolving landscape as a listed entity and the need for auditors with resources across geographies. |
Melstar Information Technologies Limited announced the resignation of their Statutory Auditors, M/s Sarda & Pareek LLP, due to preoccupation with other assignments. The resignation was tendered on July 18, 2024, and officially received on July 23, 2024. This change was communicated in compliance with Regulation 30 of the SEBI Listing Regulations, 2015, and SEBI Circular dated July 11, 2023. The company has attached the resignation letter for reference and has assured adherence to all applicable statutory provisions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/38e81d7a-9e2f-43c2-9bb9-94566c7208d2.pdf |
ARSS INFRASTRUCTURE PROJECTS LTD. has announced the resignation of its Statutory Auditors, M/s. ARMS & Associates, Chartered Accountants, effective from July 23, 2024. The resignation was communicated via email, citing their inability to continue in the role. This disclosure is in compliance with Regulation 30 of the SEBI Listing Regulations, 2015, and related SEBI Circulars. Further details regarding the resignation are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/879c8b4c-0759-424e-bbee-def6b078bdaf.pdf |
ETT Ltd announced the resignation of its statutory auditors, M/s GSA & Associates LLP, effective July 23, 2024. The resignation was due to the auditors' other commitments and assignments, making it impossible for them to continue in their role. |
NATURA HUE CHEM LTD. has announced the resignation of its statutory auditor, M/s Agrawal Shukla & Co., effective from July 22, 2024. The resignation is due to the departure of Mr. Pankaj Jain, the partner responsible for overseeing the audit, and the inability of the remaining partners to undertake the audit due to pre-occupancy. This change is in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b64991d3-4cd4-422e-a218-9839c08ea1dc.pdf |
Ashoka Refineries Ltd. has announced a change in its statutory auditor as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Agrawal Shukla & Co.., Chartered Accountants, resigned on July 22, 2024. The resignation was due to the resignation of their partner, Mr. Pankaj Jain, who was responsible for overseeing the audit. The resignation is effective immediately, and the firm has confirmed that there are no disputes or concerns related to the audit process. The company will comply with SEBI regulations and file the necessary documents with the Registrar of Companies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8accfd96-75c7-4cbf-b45a-b3522938096a.pdf |
Zenith Health Care Ltd. announced the resignation of its statutory auditor, A.R. Pandhi & Associates, effective July 23, 2024. The resignation was due to the auditor's busy schedule and heavy workload. The Audit Committee has reviewed the resignation, and the necessary formalities are being completed. The auditor confirmed that there were no other material reasons for the resignation and provided the required information as per SEBI regulations. The latest audit report was issued for the year ended March 31, 2024, and a limited review was completed for the period ended June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/88bec84e-3af5-41db-b293-8664b2800294.pdf |
9. Rights issueVistar Amar Ltd held a Board Meeting on July 23, 2024. During the meeting, some key decisions were made. The Board approved the issuance of equity shares worth up to ₹25 crore through a Rights Issue to existing shareholders. Furthermore, M/s. KTM & Co. was re-appointed as the Internal Auditor for the financial year 2024-25. The meeting concluded at 03:28 PM. Detailed terms of the Rights Issue will be provided in the Letter of Offer to eligible shareholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4283987c-60fc-41ba-a3ab-d314b5be9115.pdf |
Srestha Finvest Ltd announced the outcome of its Board of Directors meeting held on July 23, 2024. The board approved the allotment of 24,00,00,000 Rights Equity Shares at a face value and price of ₹**2/-** per share, resulting in a total paid-up equity share capital of ₹**48,00,00,000/-**. The meeting commenced at 04:40 P.M. and concluded at 05:40 P.M. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9baf2a9f-cc33-495e-98ec-d7f5c5a3fa67.pdf |
Tata Consumer Products Ltd has announced a Rights Issue. The approval comes from the Capital Raising Committee on July 23, 2024. The issue involves 3,66,47,492 Rights Equity Shares, aggregating up to ₹**2,997.77 crore**, priced at ₹**818 per share**. The record date is July 27, 2024, with the issue period from August 5 to August 19, 2024. The entitlement ratio is 1:26, and fractional entitlements will be ignored but given preferential consideration for additional shares. The outstanding equity shares will increase from 95,28,34,816 to 98,94,82,308, assuming full subscription. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b0f31d0-c78b-48e7-ab1c-898548c260a8.pdf |
Tata Consumer Products Ltd has announced a Rights Issue approved by its Capital Raising Committee on July 23, 2024. The issue involves 3,66,47,492 Rights Equity Shares, aggregating up to ₹2,997.77 crore, priced at ₹818 per share, including a premium of ₹817. The record date is set for July 27, 2024, with the issue period from August 5 to August 19, 2024. The rights entitlement ratio is 1:26, and shareholders with less than 26 shares will have zero entitlement but can apply for additional shares. The outstanding equity shares will increase from 95,28,34,816 to 98,94,82,308 post-issue, assuming full subscription. https://www.bseindia.com/xml-data/corpfiling/AttachLive/07ac677b-bcfd-44ee-9648-1f6aca6a8610.pdf |
Vistar Amar Ltd held a Board Meeting on July 23, 2024. During the meeting, several key decisions were made. The Board approved the issuance of equity shares worth up to Rs. 25 crore through a Rights Issue to existing shareholders. Furthermore, M/s. KTM & Co. was re-appointed as the Internal Auditor for the financial year 2024-25. The meeting concluded at 03:28 PM. Detailed terms of the Rights Issue will be provided in the Letter of Offer to eligible shareholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff7df033-4fe3-4df0-b9bb-fdc19c9bbccc.pdf |
Vaghani Techno-Build Ltd. has entered into a Share Purchase Agreement (SPA) on July 23, 2024, with promoters Kantilal Manilal Savla, Gunvanti Popatlal Gala, Kartik Popatlal Gala, Govind Jivrajbhai Vaghani, Meet Govind Vaghani, and Kirti Govind Vaghani, collectively referred to as "Sellers," and acquirers Jatinkumar Tulsibhai Patel, Parth Tulsibhai Patel, and Arjunkumar Jagdishbhai Patel, collectively referred to as "Acquirers"(Savla, n.d*).* |
Vaghani Techno-Build Ltd. has entered into a Share Purchase Agreement (SPA) on July 23, 2024, with promoters Kantilal Manilal Savla, Gunvanti Popatlal Gala, Kartik Popatlal Gala, Govind Jivrajbhai Vaghani, Meet Govind Vaghani, and Kirti Govind Vaghani, collectively referred to as "Sellers," and acquirers Jatinkumar Tulsibhai Patel, Parth Tulsibhai Patel, and Arjunkumar Jagdishbhai Patel, collectively referred to as "Acquirers." |
10. Earnings transcriptNewgen Software Technologies Ltd reported robust financial performance for Q1 FY'25, with revenue reaching INR 315 crores, marking a 25% year-over-year growth. The company saw significant regional growth, with EMEA at 25%, India at 20%, APAC at 65%, and the U.S. at 13%. |
Coforge Ltd released the audio transcript of its Earnings Conference Call for Q1 FY25, held on July 23, 2024. The transcript is available online and can be accessed via the provided link. This release is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Barkha Sharma, signed off on the communication. (**Coforge Ltd_7/23/2024_5**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/b5161669-4f70-4ba5-a3d3-ddcb7aa23f1b.pdf |
Coforge Limited has released the audio transcript of its Earnings Conference Call for Q1 FY25, held on July 23, 2024. The transcript is available online and provides insights into the company's financial performance and strategic initiatives. For more details, you can access the audio transcript here. |
D.P. Abhushan Ltd reported a consolidated revenue growth of 7% year-over-year to Rs. 504 crores for Q1 FY25. The company's EBITDA soared by 51% to Rs. 38 crores and reported a profit after tax of Rs. 25 crores, reflecting a 60% increase. |
Infosys Ltd. reported a strong performance in Q1 FY'25, with revenues growing 3.6% sequentially and 2.5% YoY in constant currency terms. |
Styrenix Performance Materials Ltd reported robust growth in Q1 FY25, with sales volume increasing by 21% and revenue by 28.5% compared to Q1 FY24. The company achieved a PBDIT margin of 13.1% and a profit after tax margin of 8.7%. |
INDian Hotels Co.LTD. reported a strong performance for Q1 FY 2024-25, with consolidated revenue growing 5% year-on-year to INR 1,596 crores and EBITDA increasing by 8% to INR 496 crores, resulting in a 31% EBITDA margin. |
J.K. Cement Ltd. reported its Q1 FY 2025 financial results, highlighting a net sales figure of ₹2,555 crores. This represents an 11% drop from the previous quarter but a 1% increase year-on-year(J.K.CEMENT LTD._7/23/2024_66, n.d.). The EBITDA for the quarter was ₹479 crores, down 13% from the previous quarter but up 19% year-on-year(J.K.CEMENT LTD._7/23/2024_66, n.d.). The profit before tax stood at ₹292 crores, a 19% decrease from the previous quarter but a 51% increase year-on-year(J.K.CEMENT LTD._7/23/2024_66, n.d.). The company also noted a significant expansion, achieving 93% capacity utilization in Central India and commissioning a 2 million tons Greenfield grinding unit at Prayagraj(J.K.CEMENT LTD._7/23/2024_66, n.d.). Additionally, the net debt was reported at ₹2,830 crores with a net debt to EBITDA ratio of 1.36 as of June 30, 2024(J.K.CEMENT LTD._7/23/2024_66, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/01c8fe56-a43a-4218-81bf-7a9d016121ec.pdf |
Elecon Engineering Co. Ltd. reported its Q1 FY25 earnings, highlighting a consolidated revenue of INR 392 crores, a 5% decline year-on-year. The Gear Division contributed 85% of the revenue, while the MHE Division accounted for 15%. The company's overseas revenue grew by 18% year-on-year, now contributing 34% to the overall consolidated revenues. The EBITDA for Q1 FY25 stood at INR 92 crores with a margin of 23.5%, and the PAT margin improved to 18.7%. The order book as of June 30, 2024, stood at INR 947 crores, with significant growth in order inflows from the MHE Division, which saw a 192% year-on-year increase. The company remains optimistic about achieving its goal of deriving 50% of revenues from overseas markets by FY30. https://www.bseindia.com/xml-data/corpfiling/AttachLive/803b0616-9505-4a65-af72-41933e6d41e3.pdf |
BHARAT PETROLEUM CORPORATION LTD. has released its unaudited financial results for the quarter ending 30th June 2024. The company held a conference call on 20th July 2024 to discuss these results. The transcript of this call is available online. Investors and stakeholders can access the financial performance details through the provided link on their official website. This update is crucial for understanding BHARAT PETROLEUM CORPORATION LTD.'s financial health and strategic direction for the upcoming quarters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c74453cf-ca84-4824-b05a-b5f303441d11.pdf |
Tata Technologies Ltd reported a sequential revenue decline of 2.5% for Q1 FY'25, with total revenue from operations at INR 1,269 crores. The Services segment contributed INR 986 crores, down 1% sequentially, while the Technology Solutions segment saw a 7.4% decline due to seasonality. |
D B Corp Ltd reported a robust financial performance for Q1 FY2025, with an 8.4% Y-o-Y increase in advertising revenue, reaching Rs. 4,277 million. The company's EBITDA grew by 40.4% Y-o-Y to Rs. 1,909 million, expanding EBITDA margins by 700 basis points to 31%. Profit after tax surged by 49.7% Y-o-Y to Rs. 1,179 million. The average newsprint cost decreased by 17.2% Y-o-Y to Rs. 46,900 per metric ton, significantly boosting profitability. DB Corp Ltd also highlighted its strong digital presence with over 18 million monthly active users as of May 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c3895956-b3e3-4577-85e2-3722fdfc54b3.pdf |
BMW Industries Ltd reported its highest-ever quarterly profit after tax of Rs. 22 crores in Q1 FY '25, surpassing the previous quarter's record. The company achieved an operating revenue of Rs. 174 crores, marking a year-on-year growth of 10.20%. The expansion in the pipes and tubes segment is underway, with capacity expected to reach 534,000 metric tons by Q2 FY '25. The company also commissioned a solar energy project at its Calcutta plant and plans another in Jamshedpur with a capacity of 6 megawatts. The net debt stood at Rs. 117 crores in June '24, showing a significant reduction from Rs. 221 crores in June '23. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3b792e16-658f-4887-b54e-a0192f79c5dc.pdf |
Premier Explosives Ltd. reported a significant revenue growth of 34% year-on-year for Q1 FY '25, reaching Rs 83 Crores compared to Rs 62 Crores in the same quarter last year. The company's current order book stands robust at Rs 899 Crores. The Defense segment contributed Rs 765 Crores to the revenue. Notably, Premier Explosives is undertaking a major capex plan in Odisha, with an investment of Rs 864 Crores over three phases. This investment is expected to yield substantial revenue growth. The company is also expanding its export capabilities, with current export orders valued at Rs 68 Crores. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a50ba10-e1cc-46f5-a67e-e382ff37f85d.pdf |
DWARIKESH SUGAR INDUSTRIES LTD. is organizing a conference call on August 01, 2024, regarding the financial results for the quarter ended June 30, 2024, and the company's outlook. The call is arranged by DOLAT ANALYSIS & RESEARCH THEMES (DART). No unpublished price sensitive information will be shared during the meeting. The call will be attended by key individuals like Mr. Vijay S. Banka, Mr. B. J. Maheshwari, and Ms. Priyanka G Morarka. Participants can pre-register to join the call using the provided link. International participants can use the specified toll-free numbers for access. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4a081fd9-d624-4f9a-99ba-683ffa37af26.pdf |
ULTRATECH CEMENT LTD. recently conducted a Q1 FY-25 Earnings Conference Call, discussing various financial aspects and operational updates. The company mentioned receiving an order for the amalgamation of a fully owned subsidiary, UltraTech Nathdwara Cment, with UltraTech. They also highlighted one-time expenses incurred during the quarter, impacting their profit and loss statement. |
HDFC Life Insurance Company Ltd recently shared a transcript of their earnings conference call for the quarter ended June 30, 2024, in compliance with SEBI regulations. The call highlighted a robust Year-over-Year (YoY) growth of 31% in individual Asset Premium Equivalent (APE). The company reported a 22% increase in the number of policies and a 7% expansion in ticket size. |
INDIAN HOTELS CO. LTD. has executed an amended Subscription cum Shareholders Agreement (SSHA) with SATS Ltd and Taj SATS Air Catering Limited on July 23, 2024. The amendment modifies certain rights of both shareholders in managing the day-to-day affairs of Taj SATS without altering the shareholdings, where IHCL holds 51% and SATS holds 49%. This change will result in Taj SATS being accounted as a subsidiary of IHCL under Indian Accounting Standards (IndAS) instead of a joint venture. https://www.bseindia.com/xml-data/corpfiling/AttachLive/881370fb-7936-42de-837a-31cc38b93122.pdf |
Quadrant Televentures Limited announced the withdrawal of Mr. Jitendra Joshi as Nominee Director of IDBI Bank Limited, effective July 9, 2024. This decision was noted by the Board of Directors through a Resolution by Circulation on July 23, 2024, in accordance with section 175 of the Companies Act 2013. The withdrawal was communicated via IDBI Bank's letter no. LCG-SSCB.53/09/Nom.8/2024-25 dated July 9, 2024. |
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