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Table of Contents
1.New Work Order
Ashika Credit Capital Ltd is planning a board meeting on July 31, 2024, to discuss various important matters. These include: |
GE Power India Ltd has scheduled an investor call on 30 July 2024 at 5:00 PM to discuss items mentioned in the Postal Ballot Notice dated 10 July 2024. The key agenda includes the sale and transfer of the company's Hydro Business and Gas Power business undertakings through a slump sale. Participants can join the call via DiamondPass™ for no wait time. The schedule is subject to changes if required. https://www.bseindia.com/xml-data/corpfiling/AttachLive/040ead44-b551-471d-a3e1-a816c27036f8.pdf |
AYM Syntex Ltd has received an order from the Daman Commissionerate under the Central Goods & Service Tax Act 2017, demanding INR 9,81,578, including interest and penalties. This demand is related to a refund claimed by the company for the financial year 2021-22 under GST law. The company is currently evaluating its next steps. Importantly, this order does not have a material impact on the company's financials, operations, or other activities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0313a86a-f277-4314-9c9e-a8820f323f21.pdf |
Linde India Limited has been directed by SEBI (Securities and Exchange Board of India) to test the materiality of future related party transactions (RPTs) based on the aggregate value of transactions in a financial year. If the value exceeds the materiality threshold under Regulation 23(1) of the LODR Regulations, shareholder approval is required. SEBI's order also mandates NSE (National Stock Exchange) to appoint a registered valuer to assess the business foregone and received, including geographic allocation, as per the JV&SHA. Linde India must reimburse NSE for valuation expenses and disclose key observations from the valuation report on stock exchanges. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27c6f044-bad6-4c0c-98de-6dae55347ee8.pdf |
CFF Fluid Control Ltd received a Letter of Intent (LOI) for the procurement of Low Frequency Variable Depth Sonar (LFVDS) for Yard 523-528 from Cochin Shipyard Ltd, Kochi. The order amounts to approximately INR 267.60 Crores. The order is domestic, with a progressive delivery timeline by June 2032. The value of the LOI includes taxes, and there are no related party transactions or interests from promoters or group companies in the entity awarding the contract. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc52fb57-d983-47f8-a004-dabf24c2a5dd.pdf |
RITES Ltd has secured a major order for Project Management Consultancy (PMC) on a turnkey basis for the construction of a new government medical college with a 100-student capacity and a 430-bedded hospital in Amravati, Maharashtra. The order was awarded by the Directorate of Medical Education & Research, Mumbai. The project is to be executed within 30 months, followed by a Defect Liability Period of 60 months. The estimated project cost, including PMC fees, is approximately Rs. 321.30 Crore excluding GST. (RITES Ltd\_7/25/2024\_144, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e2fcd99-2e4f-4dc4-83b5-8892f0b65fc6.pdf |
DEE Development Engineers Ltd has secured a significant purchase order from Bharat Heavy Electricals Limited. The company will supply CS, P11, P22, P92 Prefabricated HRSG Piping for the Surkhandarya project in Uzbekistan, with a total tonnage of 682 MT. The contract, valued at USD 4,970,000, is set to be executed between March 2025 and August 2025. This international order does not involve any related party transactions or interests from the promoter group. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1937632-61cf-45ad-936a-e7265a4772e5.pdf |
DEE Development Engineers Ltd has announced a significant development under Regulation 30 of the SEBI Listing Regulations. The company has secured a Purchase Order/Letter of Intent from John Zink Company LLC for the Supply & Fabrication of Pipe Support. This international contract is valued at US$ 5,924,444.48. It is set to be executed between September 2024 and October 2024. The order does not involve any related party transactions and the promoter group has no interest in the awarding entity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/702ea950-9e5a-4822-b446-89a5922d2b87.pdf |
H.G. Infra Engineering Ltd has been declared as the L-1 bidder by the Ministry of Road Transport and Highways (MORTH) for a significant project. The project involves the improvement and up-gradation of a two-lane road with paved shoulders on NH-227B from Bahuvan Madar Majha to Jagarnathpur, spanning 63.84 KM. The estimated project cost is INR 763.11 Crore and will be executed under the Hybrid Annuity Mode (HAM) within a construction period of 2 years. This contract is domestic and does not involve any related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b7dbcf2-e5c6-468a-9e1f-416805920e11.pdf |
GE Power India Ltd has secured a significant contract worth INR 1.75 crore (excluding GST) from Gujarat State Electricity Corporation Limited for the inspection works of the Turbine Generator at GSECL Wanakbori TPS. The contract is to be executed within 15 days. This domestic service contract does not involve any related party transactions or interests from the promoter group: National Stock Exchange of India Ltd. |
2. Business UpdatesMufin Green Finance Ltd has announced a Committee of Directors meeting scheduled for Tuesday, July 30, 2024. The agenda includes considering and approving the raising of funds through the private placement of Unlisted, Secured, Non-Convertible Debentures. This decision aligns with the limits approved by the shareholders during the Annual General Meeting on September 28, 2022. The meeting notification was issued by Mayank Pratap Singh, the Company Secretary & Compliance Officer, on July 25, 2024, from Delhi. https://www.bseindia.com/xml-data/corpfiling/AttachLive/871d404d-98fe-4d39-89c8-68c5aa117dd8.pdf |
URJA GLOBAL LTD. has scheduled a Board Meeting on July 30, 2024, to consider and approve the company's unaudited financial results and limited review report for the quarter ended June 30, 2024. An addendum to the meeting agenda includes a proposal for raising additional funds through various methods such as preferential issue, private placement, qualified institutional placement, or rights issue. This fund-raising initiative aims to support the company's growing business needs and will be subject to necessary statutory and regulatory approvals. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e9e938ca-6094-46dd-a6c0-f5d62aca4d56.pdf |
STEEL AUTHORITY OF INDIA LTD. recently approved a proposal to raise funds through Private Placement of Non-convertible Secured Bonds/Debentures amounting to Rs. 2,500 crore during a Board Meeting held on 25th July 2024. The approval is subject to the shareholders' consent at the upcoming Annual General Meeting. The Board Meeting took place between 1030 hours and 1400 hours on the same day (**STEEL AUTHORITY OF INDIA LTD._7/25/2024_131**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/e0d7e80b-74ef-4d46-9a78-b0355bd7dc79.pdf |
Paisalo Digital Ltd held a Board Meeting on July 25, 2024, where several key decisions were made. The Board approved raising up to Rs. 1800 crores through various securities, subject to shareholder and regulatory approvals. They also approved increasing the Authorized Share Capital from Rs. 125 crores to Rs. 180 crores and appointed Dr. Dharmendra Singh Gangwar as an Additional Non-Executive Independent Director. Additionally, the Board set a borrowing limit of Rs. 9000 crores under Section 180(1)(c) of the Companies Act, 2013, and approved creating charges on the company's properties under Section 180(1)(a). A Postal Ballot Notice was approved to seek shareholder approval on these matters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d2119b8-ccce-4416-a154-4f35ad31c591.pdf |
VST Industries Ltd. announced the outcome of its Board Meeting held on July 25, 2024. The Board approved the unaudited financial results for the quarter ended June 30, 2024, with a total income of ₹**43,294 lakhs** and a profit after tax of ₹**5,358 lakhs.** Additionally, the Board recommended issuing bonus shares in a 10:1 ratio, subject to shareholder approval, with a record date set for August 30, 2024. The tenure of Independent Director, Mr. Rajiv Gulati, concluded on July 25, 2024. The bonus shares are expected to be credited or dispatched by September 24, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/26f924bd-afcf-4860-98d4-97203a190f60.pdf |
Indus Towers Limited has announced a Board Meeting scheduled for July 30, 2024, to consider a proposal for the buyback of fully paid-up equity shares of Rs. 10 each. This decision aligns with the applicable provisions under the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. Additionally, the trading window for dealing in shares will remain closed for all designated persons and their immediate relatives until August 1, 2024, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/73d57dab-4422-4f57-942e-f6605e318dd6.pdf |
Indus Towers Ltd has announced a Board Meeting scheduled for July 30, 2024, to consider a proposal for the buyback of fully paid-up equity shares of Rs 10 each. This decision aligns with the applicable provisions under the Companies Act, 2013, and the Board of Trade (Buy-back of Securities) Regulations, 2018. |
PERMANENT MAGNETS LTD.-$ based in Maharashtra, India, recently notified the Bombay Stock Exchange about a change in the name of their Company Secretary. Ms. Rachana Vishwanath Rane has changed her name to Mrs. Rachana Paresh Sawant due to marriage. This change has been officially updated in the Ministry of Corporate Affairs records. The company requested the exchange to update their records B-3, MIDC, Village Mira, Mira Road East, Thane -401107, Maharashtra, India (MIDC, Village Mira, Mira Road East, Thane -401107, B-3 Maharashtra India) accordingly. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1037b641-f743-4575-822b-ccd7192bc945.pdf |
Nava Ltd has announced a significant change regarding its Zambian step-down subsidiary. Effective July 25, 2024, the subsidiary's name has been changed from "Maamba Collieries Limited" to "Maamba Energy Limited" to better reflect its core business activities. This change is in compliance with Regulation 30 of SEBI (LODR), 2015. Nava Ltd has requested that this update be officially recorded and acknowledged. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6025673b-5aaf-4e62-90ca-c69761a0cb61.pdf |
ELANTAS Beck India Ltd. has received a one-year extension from the Gujarat Pollution Control Board (GPCB) for the revocation of the closure order on its manufacturing plant in Ankleshwar, Bharuch, Gujarat. The company is actively working towards a permanent revocation by completing all necessary actions as required by GPCB. Further material developments will be communicated to the exchange. |
Shoppers Stop Ltd. has announced the commencement of operations from two new units. The first store, Intune Dev Arc, located at Dev Arc Mall, Near Iskcon cross roads, S G Highway Satellite, Ahmedabad 380015, will begin operations on July 26, 2024. The second store, Intune Avadh Rituraj, situated at Avadh Rituraj Textile Hub, opposite Midas Square, Purshottam Nagar, Limbayat, Surat 395012, will also commence on July 26, 2024. |
Electronics Mart India Ltd has announced the commencement of commercial operations for a new multi-brand store under the brand name Bajaj Electronics on 25 July 2024. The store is located at 81 & 82B, Kadipokonda Village, Rahamath Nagar, Kazipet, Warangal, Telangana-506003, covering an area of 7,000 square feet. This expansion is part of the company's strategic growth in Telangana. The information was communicated by Rajiv Kumar, Company Secretary and Compliance Officer, and is in compliance with Regulation 30(4) of the SEBI (LODR) 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a4e2ef05-9174-49d5-a29b-9674564f3a87.pdf |
SMS Lifesciences India Ltd has issued a 4th reminder to shareholders holding shares in physical mode on July 13, 2024. The company requests shareholders to update or submit their PAN, KYC details, and Nomination details, with forms available on their website. Additionally, shareholders are urged to claim pending sale proceeds from fractional shares resulting from a demerger. Detailed information can be found on the company's website. Through their Registrar and Share Transfer Agent, M/s. Aarthi Consultants Pvt Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3829e76f-cfa7-4a4b-8f13-9d71887c10b8.pdf |
Ujaas Energy Limited has undergone a demerger resulting in the incorporation of two new companies: Bluehope Solutions Limited focusing on transformers and Globlegreen Power Limited specializing in power trading and advisory (Ujaas Energy Limited'_7/25/2024_119_, n.d.). SVA Family Welfare Trust and M&B Switchgears will be the shareholders of both resulting companies, with the shareholding structure aligned with the approved resolution plan (Ujaas Energy Limited'_7/25/2024_119_, n.d.). The demerger process and listing of the resulting companies will adhere to all relevant laws, rules, and regulations (Ujaas Energy Limited'_7/25/2024_119_, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b79aee3-b08a-4584-8a65-a4a406805e72.pdf |
Jagsonpal Pharmaceuticals Ltd. has announced the signing of a binding agreement for the sale of its Faridabad facility. The facility, which was non-operational and did not contribute to revenue in the last financial year, is being sold to Regalia Laminates LLP for Rs. 41 crores. The agreement was signed on July 25, 2024, with the expected completion date of the sale set for on or before October 31, 2024. The transaction does not involve any related party transactions and is outside the Scheme of Arrangement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/040da453-4ea9-421d-8e0f-493319ee617d.pdf |
Azad Engineering Ltd has recently made a significant acquisition, expanding its capabilities in producing critical components for various sectors like Defense, Space, and Oil & Gas. The acquisition involves assets related to the manufacture and supply of a new family of "Large size" critical and advanced technology parts. This enables the company to cater to existing clients and new customers in sectors such as nuclear, gas, thermal, and oil & gas. This strategic move aligns with the technology development goals under the Atmanirbhar Bharat initiative by the Government of India, enhancing Azad Engineering's position in the market. https://www.bseindia.com/xml-data/corpfiling/AttachLive/99ece4d2-7858-40d6-aa1f-2151cb22014a.pdf |
Chemfab Alkalis Ltd recently announced the commissioning of the Third and Fourth lines, increasing their operating capacity from 6000 TPA to 14000 TPA. The new lines include a higher capacity line capable of manufacturing pipes up to 630 mm in diameter, expanding the company's product range. This development was disclosed in compliance with Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
Menon Bearings Ltd. has announced the commencement of commercial production of 'Thrust Washers' at its new manufacturing facility located at Plot No. A-4/2, Gokul Shirgaon MIDC, Kolhapur - 416234. The new plant boasts an enhanced production capacity of 4,500,000 units per annum. This development follows the company's earlier communication on July 15, 2023, regarding its expansion plans and the establishment of new production facilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/807dede0-3abf-4541-9b23-4f894b7b5387.pdf |
CUPID LTD. has announced a significant expansion of its e-commerce presence on leading Indian platforms such as Amazon.in, Flipkart, and 1mg, effective from July 25, 2024. This strategic move aims to enhance accessibility to their products, including male and female condoms, water-based lubricants. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cf594b4f-d794-44bb-b758-0da49f6f0283.pdf |
Droneacharya Aerial Innovations Ltd has secured a tender worth Rs. 96,00,000 to train 240 officials from the Karnataka Forest Department.The company has received approval from the Directorate General of Civil Aviation (DGCA) for its 5th Remote Pilot Training Organization (RPTO) in Dharwad, Karnataka, in collaboration with the Karnataka Forest Academy. This center will offer DGCA-certified drone piloting training and applications in forestry and surveillance, and will also be open to civilians. Additionally, Droneacharya operates DGCA-certified training centers in Maharashtra, Gujarat, Rajasthan, and Punjab, providing courses in drone building, data processing, GIS, aerial cinematography, and more. This expansion aims to enhance the operational capabilities of the Karnataka Forest Department and contribute to the development of a skilled workforce in the drone industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/829dcce2-659b-43c8-aa71-a02dc0ad100c.pdf |
Gland Pharma Ltd recently concluded a surprise inspection by the US FDA at its Dundigal Facility in Hyderabad, conducted between July 22, 2024, and July 25, 2024. The inspection resulted in two procedural 483 Observations, which are not repeated or related to data integrity. The company will submit corrective and preventive actions to the US FDA within the stipulated period. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e49571c3-c37f-45f7-a456-733e1753e461.pdf |
3. Investor PresentationWestlife Foodworld Ltd reported its Q1 FY25 earnings on July 25, 2024, showing sales of ₹6.16 billion with a 0.3% YoY growth and a -6.7% SSSG. The operating EBITDA was ₹800 million with a -24.1% YoY change and a 13.0% margin. The cash PAT was ₹463 million with a -30.9% YoY change and a 7.5% margin. The company also noted a 69% digital sales through apps and SOKs, with 403 stores across 66 cities and a 6% YoY growth in off-premise sales, contributing 42% to total sales. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff5b07d3-f9bc-4601-aa46-023a1730ad40.pdf |
Westlife Foodworld Ltd announced its Q1 FY25 financial results on July 25, 2024. The company reported sales of INR 616 billion for the quarter ended June 30, 2024, with a 0.3% year-over-year increase. Operating EBITDA stood at INR 800 million. The off-premise business contributed 42% to total sales. Digital sales accounted for 69% of the business, growing by 8% year-over-year. The company aims to achieve an 18-20% Operating EBITDA margin by December 2027 and plans to open 45-50 new stores in FY25, targeting South India, smaller towns, and drive-thru formats. |
AU Small Finance Bank Ltd has received board approval to apply for transitioning to a Universal Bank. A committee led by Shri H.R. Khan is overseeing the application. |
Bajaj Finserv Ltd. reported a consolidated total revenue of ₹**31,480 crore** for Q1 FY 2025, marking a 35% YoY growth from ₹**23,280 crore** in Q1 FY 2024. |
Adani Energy Solutions Ltd reported a robust Q1 FY25 performance with a 47% YoY increase in revenue from operations, reaching Rs 5,379 crore. The operational EBITDA grew by 29.7% YoY to Rs 1,628 crore, and the adjusted PAT surged by 73% YoY to Rs 315 crore. The company is actively contributing to India's energy transition, with significant projects like the Khavda-Bhuj transmission lines and a strong smart metering business pipeline of 22.8 million meters. Additionally, Adani Energy Solutions has initiated the divestment of the Dahanu thermal power plant, aligning with its ESG commitments and aiming to increase its renewable energy share to 60% by FY27. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a08f0e82-687c-4f61-ac13-61a243643e74.pdf |
UTI Asset Management Company Ltd has shown impressive financial performance in Q1 FY2024-25, with a consolidated net profit of ₹**254 crore**, up by 56% QoQ. The revenue from operations for the quarter stood at ₹**529 crore**, reflecting a 27% increase QoQ. The profit before tax was ₹**341 crore**, up by 56% QoQ, and the profit after tax stood at ₹**254 crore**, up by 56% QoQ. The total Assets Under Management (AUM) for UTI Asset Management Company was ₹**19,36,107 crore**, with equity assets contributing 78% to the total average AUM. UTI AMC has a strong presence with 69,390 empaneled distribution partners and a total of 1.25 crore live folios as of June 30, 2024(Patkar et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/b2b88c86-fd32-496f-b8db-550eaf20f27d.pdf |
\**UTI Asset Management Company Ltd** reported strong financial results for the quarter ended June 30, 2024. The company's consolidated net profit stood at ₹**254 crore**, showing a significant increase of 56% quarter-on-quarter. Revenue from operations for the quarter was ₹**529 crore**, up by 13% year-on-year and 27% quarter-on-quarter. Profit before tax increased by 18% year-on-year to ₹**341 crore**,\**, with core profit before tax at ₹**144 crore**,\**, up by 41% year-on-year. The total Assets Under Management (AUM) for UTI Asset Management Company was ₹**19,36,107 crore**,\**, with quarterly average assets under management (QAAUM) at ₹**3,10,697 crore**. (Patkar et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/81d06c3e-5bae-48b2-8f05-0822743ad247.pdf |
CyberTech Systems and Software Ltd. reported a strong financial performance for Q1FY25, with total revenue reaching ₹622.2 million, marking a 7.2% year-over-year increase. The company's net profit surged by 38% to ₹73.6 million, driven by strategic partnerships and robust demand for their Managed ArcGIS Cloud Services and SAP S/4HANA Cloud migrations. Operating revenue for the quarter was ₹578.8 million, up 4.7% YoY, while EBITDA stood at ₹118.0 million, reflecting a 19.0% margin. The company added one new client, bringing the total active client count to 78, and maintained a strong presence in the US market, contributing 99% of operating revenue. https://www.bseindia.com/xml-data/corpfiling/AttachLive/11a2c792-3bc7-4d50-91ea-378897ca63c4.pdf |
Adani Energy Solutions Ltd reported a robust Q1 FY25 performance with a 47% YoY increase in revenue from operations, reaching Rs 5,379 crore, and a 73% rise in adjusted PAT to Rs 315 crore. The company achieved an operational EBITDA of Rs 1,628 crore, up 29.7% YoY, driven by contributions from newly commissioned transmission lines and higher energy consumption in Mumbai and Mundra. |
Ujjivan Small Finance Bank Ltd reported a robust financial performance for Q1 FY25, with a gross loan book of ₹30,069 crore, reflecting a 19% YoY increase. The secured book proportion rose to 31.3% from 30.2% in the previous quarter. Deposits grew by 22% YoY to ₹32,514 crore, with CASA deposits up 27% YoY, maintaining a CASA ratio of 25.6%. The bank's asset quality remained healthy, with GNPA and NNPA at 2.3% and 0.4%, respectively. The capital adequacy ratio stood at 24.8%, with Tier-1 capital at 23.0%. The bank's return ratios were strong, with RoA at 2.9% and RoE at 20.9%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/520c14cd-b918-4735-8b02-86937f68f227.pdf |
ALLSEC TECHNOLOGIES LTD. reported a Q1 FY25 revenue of ₹129.3 Cr, reflecting a 21.8% YoY growth. The EBITDA stood at ₹31.0 Cr with a margin of 24.0%, while the PAT was ₹32.0 Cr, marking a 102.5% YoY increase. The company added 10 new logos in EXM with an ACV of ₹10.4 Cr and 1 logo in CXM with an ACV of ₹1.0 Cr. The CXM segment saw a 32.8% YoY revenue growth, driven by international business, particularly in the healthcare sector. Cash and liquid funds increased to ₹167.7 Cr as of June 30, 2024, up by ₹29.4 Cr crossed (QoQ) due to higher collections and LLC divestment. https://www.bseindia.com/xml-data/corpfiling/AttachLive/609ee101-c97d-41f9-aed4-7e6811d1d0f6.pdf |
Mankind Pharma Ltd has announced its acquisition of a 100% stake in BSV. According to their investor presentation, Mankind Pharma reported a FY24 revenue of INR 1,723 crore. The company holds a significant presence in Women’s Health and Fertility therapies. The Adj. EBITDA Margin for FY24 stands at 28%. Mankind Pharma is the world's first to develop a patented recombinant Anti-D antibody. Mankind Pharma's pro-forma revenue for FY24 is INR 12,058 crore, reflecting an 18% year-on-year growth. The company is focused on expanding its complex and specialty portfolio in critical care and fertility segments, with a strong R&D platform and manufacturing capabilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bee6639e-6050-4df2-a8d1-e1fcb6cfd5a5.pdf |
Mahindra Holidays & Resorts India Ltd. reported a 19% YoY growth in Profit After Tax (PAT) to ₹**45 Cr** with a PAT margin of 11.8%. The company added 3,692 new members, bringing the cumulative member base to 3,00,396. |
Go Digit General Insurance Ltd reported a significant performance for Q1 FY25, with a Gross Written Premium (GWP) of ₹2,660 crore, marking a 22.2% increase from ₹2,178 crore in Q1 FY24. The Profit After Tax (PAT) surged by 74.1% to ₹101 crore from ₹58 crore in the same period last year. The company's Assets Under Management (AUM) grew by 12.7% to ₹17,773 crore as of June 30, 2024, compared to ₹15,764 crore as of March 31, 2024. The Combined Ratio improved to 105.4% in Q1 FY25 from 106.2% in Q1 FY24, indicating better operational efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/baba369b-2a6e-46d5-b311-259458f5c3fa.pdf |
Motilal Oswal Financial Services Ltd. reported robust financial performance for Q1FY25, showcasing a 41% YoY growth in Operating PAT to ₹**431 crore** and a 52% YoY increase in Total PAT to ₹**1,021 crore** (Purohit et al., n.d.). The company's Net Worth surged by 41% YoY to ₹**9,784 crore**, driven by strong contributions from Wealth Management and Asset & Private Wealth Management segments (Purohit et al., n.d.). Assets under Advice grew by 91% YoY to ₹**5 lakh crore**, reflecting the firm's effective compounding strategy and diversified revenue streams (Purohit et al., n.d.). The Treasury Investments segment also delivered impressive returns, with a 19.6% XIRR since inception, underscoring its role in stabilizing and enhancing overall business performance (Purohit et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/e74755db-f79f-409f-a537-68e259ed9a59.pdf |
Glenmark Life Sciences Ltd reported a revenue of ₹**5,886 million** for Q1 FY25, reflecting a 9.7% QoQ and 1.8% YoY growth. The EBITDA margin stood at 28.0%, up 110 bps QoQ, with EBITDA at ₹**1,650 million**, a 14.1% QoQ increase. The company's PAT was ₹**1,115 million**, marking a 13.9% QoQ rise. The Generic API business grew by 10.5% QoQ and 6.2% YoY, while the CDMO business saw a 20.2% QoQ increase. Glenmark generated strong free cash flow of ₹**1,213 million**, leading to cash and cash equivalents of ₹**4,263 million** as of June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/90ee7efe-a0f6-4393-9ac0-6923563905d6.pdf |
AGS Transact Technologies Ltd reported a promising Q1 FY25 with a topline of INR 3,516 Mn, EBITDA of INR 1,053 Mn, and PAT of INR 138 Mn. The company is focusing on accelerating its digital payments business through its Ongo platform, which offers niche solutions to enhance customer experience. |
United Breweries Ltd. has announced its Q1FY2025 financial results, showcasing significant growth. The company's premium volume surged by 44%, while overall volume increased by 5%. Net sales rose by 9% to ₹**2,473 crore**, driven by volume growth and a favorable price mix. Gross profit improved by 15% to ₹**1,064 crore**, with a gross margin of 43.0%. EBIT saw a 29% increase, reaching ₹**234 crore**, and profit after tax grew by 27% to ₹**173 crore**. The company remains optimistic about the long-term growth potential of the beer category, focusing on premiumization and revenue management initiatives. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e957eca3-0fc9-4f6b-9a82-dbd562ffc5bd.pdf |
Dhampur Bio Organics Ltd is a leading integrated sugarcane processing company in India, with a focus on value-added sugar manufacturing and bio-energy production. For Q1 FY25, the company reported a revenue of ₹**637.84 crores**, a decline of 5.68% YoY, primarily due to subdued performance in the Bio Fuel & Spirits segment. The EBITDA stood at ₹**34.68 crores** with a margin of 5.44%, while PAT was ₹**1.11 crores**. The company operates three manufacturing facilities in Asmoli, Mansurpur, and Meerganj, with a consolidated sugarcane crushing capacity of 29,500 TCD. The company is also involved in producing ethanol and country liquor, with a biofuels capacity of 312.5 KLPD and a country liquor capacity of 4.2 million cases per year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bc59e390-3ddb-4a9e-82b4-98214e279f2a.pdf |
NETTLINX LTD. reported a revenue of Rs. 72.1 Mn for Q1 FY25, reflecting a 2.2% growth from Rs. 70.6 Mn in Q1 FY24. The company's EBITDA for the quarter stood at Rs. 21.6 Mn, with a margin of 30%, down from 40.9% in the previous year due to increased employee and marketing expenses. |
Blue Dart Express Ltd. is a leading logistics company in India, renowned for its extensive air and ground network. The company operates six Boeing 757-200 and two Boeing 737-800 aircraft, covering over 55,400 locations with a workforce of more than 12,530 employees. In FY 2023-24, Blue Dart reported a total income of ₹52,678 million, an EBITDA of ₹5,893 million, and an EBT of ₹3,828 million. The company maintains a dominant market share in the organized B2B express segment, with 50-60% in air and 55-65% in surface express. Blue Dart's strategic initiatives focus on leveraging eCommerce growth, enhancing digital interfaces, and expanding its reach to cover 98% of India's GDP. https://www.bseindia.com/xml-data/corpfiling/AttachLive/19f80018-3234-475e-98d5-34362a1c04bc.pdf |
The Ramco Cements Limited reported its performance for 1QFY25, highlighting a marginal increase in sales volume by 1% YoY to 4.36 MnT, despite an 8% YoY drop in average cement prices. The company's EBITDA stood at ₹328 crores, down from ₹349 crores in 1QFY24, with a 16% EBITDA ratio. Revenue for the quarter was ₹2,097 crores, a 7% decrease from 1QFY24. |
PIL Italica Lifestyle Ltd reported significant growth in Q1 FY25, with a total revenue of ₹2,123.12 lakhs, marking a 5.18% YoY increase. The company's EBITDA stood at ₹245.07 lakhs, reflecting an 11.54% margin, while PAT reached ₹151.20 lakhs, a 26.47% YoY rise. |
Emerald Finance Ltd, a Chandigarh-based non-deposit taking NBFC, specializes in retail and MSME lending. The company has a robust digital lending platform and offers products like personal loans, business loans, and Early Wage Access (EWA). As of FY24, Emerald reported a total income of ₹13.36 Cr, EBITDA of ₹7.06 Cr, and PAT of ₹4.14 Cr. The company has a strong market presence with over 6,25,000 satisfied customers across 200+ cities and has processed ₹40 Crore in salary advances. Emerald's strategic partnerships and technological advancements position it for significant growth in the digital financial solutions sector. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ac1d623-dcf1-43bc-98f2-ed842f3631ea.pdf |
Tech Mahindra Ltd. reported a 1.0% QoQ growth in revenues, reaching ₹**13,005 crores** for Q1 FY25. The company's Profit After Tax (PAT) surged by 28.8% to ₹**851 crores**. The EBIT margin expanded by 110 bps to 8.5%, and the company achieved an EPS of ₹**9.62**. The total headcount increased to 147,620, with a notable reduction in attrition to 10.1%. |
Home First Finance Company India Ltd reported robust financial performance for Q1 FY25, showcasing a 34.8% year-on-year growth in Assets Under Management (AUM) reaching ₹1,04,781 million. The company achieved a Profit After Tax (PAT) of ₹878 million, reflecting a 27.0% year-on-year increase. The Return on Assets (ROA) stood at 3.6%, while the Return on Equity (ROE) was 16.3%. The company maintained strong asset quality with a Gross Stage 3 (GNPA) ratio of 1.7%. Additionally, Home First Finance expanded its reach by adding 22 new touchpoints and increasing its presence in 4 new districts. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5743baba-4e96-47a8-8793-88baa70e6574.pdf |
Cyient Limited reported a Q1 FY25 revenue of ₹13,621.5 million*\*\*, reflecting a 1.5% YoY decline in constant currency. The Digital, Engineering and Technology (DET) segment saw a 5.0% QoQ and 3.6% YoY revenue decline, totaling ₹13,621.5 million*\*\*, reflecting ₹12,676.4 million. The EBIT margin for DET was 13.5%, down by 260 bps YoY. |
AAVAS Financiers Ltd has released its Investor Presentation for Q1 FY25, highlighting key financial metrics and strategic initiatives. The company reported a 22% YoY increase in AUM (Assets Under Management) to ₹178,415 million and a 15% rise in PAT (Profit After Tax) to ₹1,261 million. The average ticket size for disbursed loans in Q1 FY25 was ₹1.14 million. The company maintains a diversified funding mix with 35 lenders and no exposure to commercial papers. |
Jupiter Wagons Ltd reported impressive financial results for Q1 FY25, with a total income of ₹**90,219 lakh**, marking a 19% YoY increase. The EBITDA surged by 32% to ₹**12,886 lakh**, improving the EBITDA margin to 14.4%. The PAT rose by 40% to ₹**8,923 lakh**, enhancing the PAT margin to 9.9%. The company’s wheelset manufacturing subsidiary saw a five-fold revenue increase, turning profitable with a PAT of ₹**702 lakh**. Additionally, the strategic acquisition of Bonatrans significantly boosted revenue and profitability, with plans to expand machining capacity and set up an integrated forging line by 2027. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef587e07-8cf8-40cf-ab4d-792ada712d73.pdf |
LT Foods Ltd. is a global consumer food company known for its Basmati & Specialty Rice, Organic Food, and Ready-to-Eat segments. The company has strong brands like Daawat and Royal with significant market shares. LT Foods has a presence in over 80 countries and has shown impressive revenue growth with a 4-year CAGR (Compound Annual Growth Rate) of 17%. LT Foods has a robust distribution network and state-of-the-art manufacturing facilities globally, ensuring operational excellence and mitigating risks. https://www.bseindia.com/xml-data/corpfiling/AttachLive/11671bd2-b910-4107-8a5c-79af729ab72d.pdf |
Adani Green Energy Ltd, a leading renewable energy company based in India, recently submitted a presentation on operational and financial highlights for the quarter ended June 30, 2024. The company showcased impressive financial performance with: |
Laurus Labs Ltd recently presented financial results for Q1 FY 2025 to investors and analysts. The company showcased a diversified business growth model and a proven track record of global standard quality systems. With over 6700 employees and 1100 scientists across 14 manufacturing sites, Laurus Labs generated ₹**5,041 crore** in revenue during FY 2024. The company is listed on both the BSE and NSE in India and is known for its transparency, integrity, and environmental responsibility. (Reddy, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/10885408-f7f3-430f-9719-a4294560e7c7.pdf |
PNB Housing Finance Ltd Investor Presentation for the quarter ended June 30, 2024, includes important information as per SEBI regulations. The presentation is available on the company's website. It provides insights into the company's performance and financials for the specified period. The document is prepared for informational purposes only and does not constitute an offer to sell securities. Forward-looking statements in the presentation are based on available information and are subject to risks and uncertainties. |
Venus Pipes & Tubes Limited is a leading manufacturer and exporter of stainless-steel tubes and pipes in India. The company has a diverse clientele base, including over 70 Fortune 500 companies in India. With a total installed capacity of 38,400 MT per annum, Venus Pipes & Tubes Ltd has shown impressive financial performance, with a PAT CAGR of 114% from FY20 to FY24. The company exports its products to more than 25 countries, showcasing its strong global presence and growth potential(Pavan & Jain, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/03fe8635-3d2c-4395-ac50-4fbd5d697011.pdf |
Canara Bank has reported its unaudited financial results for the first quarter ending June 30, 2024. The bank's global business grew by 11.07% year-over-year, reaching ₹23,10,350 crore. Global deposits increased by 11.97% to ₹13,35,167 crore, while global advances rose by 9.86% to ₹9,75,183 crore. The net profit for the quarter stood at ₹3,905 crore, reflecting a 10.47% year-over-year growth. The bank's gross NPA ratio improved to 4.14%, and the net NPA ratio declined to 1.24%. Additionally, the Provision Coverage Ratio (PCR) increased to 89.22%, and the Return on Assets (RoA) was 1.05%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e5b0f91-be26-4d01-8167-07ee95703689.pdf |
HFCL Ltd reported a robust performance for Q1FY25, with revenue reaching INR 1158.24 crores, marking a 16.38% YoY increase. The company's EBITDA stood at INR 185.37 crores, up by 16.13% YoY, and PAT surged by 46.44% YoY to INR 110.65 crores. |
Jyothy Labs Ltd reported a revenue of Rs 742 Crores in Q1FY25, marking an 8% increase from the previous year. The company achieved a volume growth of 10.8%. |
Swiss Military Consumer Goods Ltd has announced the outcome of its Rights Issue Committee meeting held on July 25, 2024. The company will issue 3,93,18,798 fully-paid equity shares at a price of Rs. 12.50 per share, including a share premium of Rs. 10.50. The total aggregate amount is up to Rs. 49,14,84,975, assuming full subscription. The record date for determining eligible shareholders is August 09, 2024, with the issue period from August 23, 2024, to September 06, 2024. The rights entitlement ratio is 1:5, meaning one new share for every five existing shares held. https://www.bseindia.com/xml-data/corpfiling/AttachLive/39c95a28-d9da-41cb-858d-7f526fc7d76c.pdf |
B.L. Kashyap and Sons Ltd. has announced the receipt of new work orders totaling approximately ₹160 Crores. The company's current order book stands at ₹3383 Crores, excluding GST. The orders, awarded by Suruchi Properties Pvt. Ltd. (a group company of Century Real Estate Holdings), involve civil, structural, and allied works for residential buildings in Kodihalli, Bengaluru, to be completed within 20 months. The contracts are domestic, and there is no promoter or related party interest involved. The Letter of Intent was received on July 5, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd96c60b-08d5-476d-a788-3d6ace68ab74.pdf |
SYNCOM FORMULATIONS (INDIA) LTD. is launching a new product named "ICURA" under the Critical Care Division on 25th July, 2024. The product will cater to the domestic market and include various medications such as Fungilock, Anbar, Cratclovi, and Aminocrat, among others. |
SHELTER INFRA PROJECTS LTD. disclosed information regarding the appointment of a Scrutinizer for E-voting at their 52nd Annual General Meeting. Ms. Vandana Nahata, a Practicing Chartered Accountant, was appointed as the Scrutinizer for the E-voting process. The company emphasized compliance with regulations and transparency in the appointment process. The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The company aims to ensure fair and transparent conduct of the Annual General Meeting on Tuesday, 24th September 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7a2c3c0-1389-4d12-ac8e-38c83b8ae2b2.pdf |
Hitech Corporation Ltd has announced an alteration in the Object Clause of its Memorandum of Association (MOA) following a Special Resolution passed by shareholders during the 33rd Annual General Meeting on July 25, 2024. The amendment, pending approval from the Registrar of Companies, includes six new clauses detailing the company's expanded scope in manufacturing, processing, and trading various plastic and composite goods. The company's new product range includes packaging materials, industrial and domestic articles, and machinery. Furthermore, Hitech Corporation Ltd emphasizes innovation, sustainability, and the integration of modern technologies like AI and IoT to enhance operational efficiency and environmental responsibility. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fbd2ee59-144e-4568-8e63-5609b1f54de0.pdf |
RPP Infra Projects Ltd. has announced a Board Meeting scheduled for Friday, August 2, 2024, to discuss several key matters. The agenda includes: |
CHANDRA PRABHU INTERNATIONAL LTD. approved various matters in their board meeting on July 25, 2024, including: |
PC Jeweller Ltd. has received approval from Canara Bank for a One Time Settlement (OTS) proposal as of July 24, 2024. The OTS includes both cash and equity components to settle outstanding dues, along with the release of securities and mortgaged properties. This approval is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ce9e225-7e69-469c-9d82-d4bbec63fac6.pdf |
4. Preferential BasisParagon Finance Ltd. is the target company in an open offer announced by Apple Equifin Private Limited (Acquirer), GKML Software Technologies Private Limited (PAC 1), and Sunkesula Infra LLP (PAC 2). The offer aims to acquire up to 11,05,000 equation shares at a price of ₹**60 per share**, representing 26% of the voting share capital, totaling ₹**6,63,00,000**. This transaction is in compliance with SEBI (SAST) Regulations, 2011. The acquirers have also entered into a Share Purchase Agreement to acquire 21,87,630 equation shares (51.47% of the voting share capital) from the promoter sellers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/F472CC89-A997-469D-8353-75CE7B3D513A-202540.pdf |
FOOTWEAR LTD. is a footwear company based in Vellore, Tamil Nadu, India. It was incorporated on September 24, 1987, with a corporate identification number (CIN) of L19201TN1987PLC014902. The company's authorized capital is Rs 2,000 Lacs, divided into 1,90,00,000 equity shares of face value Rs 10 each. The issued, subscribed, and paid-up capital is Rs 1450 Lacs. The company is currently undergoing a substantial acquisition of shares and takeovers, as per SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9249b3d-5ebd-482e-90eb-147e4ad7bf25.pdf |
Hubtown Ltd. has scheduled a Board Meeting on July 30, 2024, to consider and potentially approve the issuance of equity shares and/or other securities/warrants convertible into equity shares. This issuance may be directed towards certain members of the Promoter and Promoter Group, as well as non-Promoter investors, through permissible modes such as preferential allotment. The meeting will be conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. Additionally, the trading window for dealing in the company's shares/securities will remain closed until 48 hours after the declaration of financial results for the quarter ended June 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b368e81-37c4-4bc8-bb4d-d25cb2f67068.pdf |
Supra Pacific Financial Services Ltd has scheduled a Board Meeting on August 1, 2024, at 10:00 A.M. at its Corporate Office. The agenda includes confirming the minutes of the previous meeting held on May 29, 2024, considering a proposal for the issuance of equity shares via Preferential Allotment, and approving the notice for a Postal Ballot along with the explanatory statement and calendar of events. |
Natural Biocon (India) Ltd held a Preferential Allotment Committee meeting on July 25, 2024, approving the receipt of ₹2,63,25,000 from four proposed allottees. The committee allotted 19,50,000 equity shares at ₹**13.50** per share, including a premium of ₹**3.50**. The allottees include Aarnah Capital Advisors Private Limited (8,00,000 shares), Aventez Media & Technologies Limited (5,50,000 shares), MNDM Business Point Private Limited (3,00,000 shares), and Copo Holdings Private Limited (3,00,000 shares). The trading window for the company's equity shares will remain closed until 48 hours after the announcement of the meeting's outcome. https://www.bseindia.com/xml-data/corpfiling/AttachLive/689ad7fe-448c-4334-aab8-e50a926adef8.pdf |
Janus Corporation Ltd has scheduled a Board Meeting on July 29, 2024, to consider and approve the in-principle approval from BSE Ltd. for the issue and allotment of 1,15,20,000 Equity Shares on a preferential basis. These shares, with a face value of Rs. 10/- each, will be allotted at the same price to both Promoters and Non-promoters. The allotment is part of a share acquisition deal with members of Forever Business Solutions Private Limited. |
Sarveshwar Foods Ltd held a Board Meeting on July 25, 2024. At the meeting, the company approved the allotment of 10,20,00,000 fully convertible warrants on a preferential basis to non-promoters in the public category. Each warrant is priced at Rs. 9.70, allowing the holder to subscribe to one equity share of Re. 1 face value. The initial subscription requires 25% of the issue price, which totals Rs. 24,73,50,000. The remaining 75% is payable within 18 months. The warrants are subject to a lock-in period as per SEBI regulations. Furthermore, the Board re-appointed Mr. Uttar Kumar Padha as an Independent Director for five years starting August 26, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3baabd48-8957-498f-b25f-bad57bd51c4c.pdf |
Fedders Holding Ltd has approved the issuance and allotment of 730,000 equity shares following the conversion of an equivalent number of warrants. This action increases the company's issued and paid-up equity share capital to ₹**17,09,65,970**, divided into 1,70,96,597 equity shares with a face value of ₹**10 each**. The newly allotted shares will rank pari-passu with existing equity shares, entitling holders to the same rights, including dividends and other corporate benefits. The board meeting where these decisions were made took place on July 25, 2024, and lasted from 10:00 AM to 10:30 AM. (Note: I could not find a source for the limited information provided in this paragraph, so there is no citation. However, the formatting should be applied to the important elements as described in the instructions.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/7161e82b-0d78-4d46-bac1-1c5a48fc5ac1.pdf |
Spice Islands Industries Ltd- has applied for "in-principle approval" to issue and allot 22,13,322 convertible warrants into equity shares on a preferential basis. The proposed issue price is ₹**45** per warrant, with a face value of ₹**10** per share and a premium of ₹**35**. The company's authorized capital is ₹15,00,00,000, and the paid-up equity share capital post-issue will be ₹6,51,33,220. The relevant date for price calculation is July 19, 2024, with a minimum price of ₹**43.49** as per SEBI regulations. The warrants are to be converted within 18 months from the date of allotment. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5680609e-aee4-41bc-9069-7191e394ccd4.pdf |
Ace Men Engg Works Ltd has scheduled a Board Meeting on 2nd August 2024 to consider and approve key items. The agenda includes the approval of Un-Audited Standalone Financial Results for the quarter ending 30th June 2024 and the Notice for the 44th Annual General Meeting (AGM). Additionally, the Board will discuss a proposal to raise funds through various instruments such as Equity Shares, Convertible or Non-Convertible Securities, Warrants, or Debt Securities. The methods for raising funds include a Preferential Issue, Private Placements, or Rights Issue, subject to regulatory approvals. The company has also announced the closure of the Trading Window from 1st July 2024 until 48 hours post the public release of the financial results. https://www.bseindia.com/xml-data/corpfiling/AttachLive/70452e9e-e235-439e-b899-59308ff2c1b2.pdf |
Ritco Logistics Ltd has approved the allotment of 38,46,139 equity shares at ₹**260** per share, including a premium of ₹**250** per share, on a preferential basis. The allotment was made to various non-promoter entities, including Vijit Global Securities Private Limited and MNCL Capital Compounder Fund - I. This issuance increases the company's paid-up equity share capital to 2,83,22,757 shares, assuming the conversion of 3,00,000 outstanding warrants. The shares will rank pari-passu with existing equity shares. Ritco Logistics Ltd has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for this issuance. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6c4f795b-04fa-41ed-bda0-6b40ea56677c.pdf |
Picadilly Agro Industries Ltd. has announced a Board of Directors meeting scheduled for July 30, 2024. The meeting aims to discuss and approve the proposal for raising funds through the issuance of equity shares, warrants, or other securities convertible into equity shares on a preferential basis or other permitted modes under applicable laws, including the Companies Act, 2013, and SEBI regulations. The meeting will also address any other items decided by the Board. Additionally, the trading window for dealing in the company's shares is closed until 48 hours after the approval of the quarterly results for the quarter ending June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b4efabcf-d3cb-4960-90db-1edb0e1e1c13.pdf |
5. Press ReleasesAAVAS Financiers Ltd reported robust financial and operational performance for Q1 FY25. The company's Assets Under Management (AUM) grew by 22% YoY to Rs. 178 billion. Net profit increased by 15% YoY to Rs. 1.26 billion. Disbursements for the quarter were Rs. 12.11 billion, reflecting a 13% YoY growth. The Gross Stage 3 ratio stood at 1.01%**, and the Return on Assets (ROA) and Return on Equity (ROE) were 3.01% and 13.14%**, respectively. The company also expanded its branch network to 371 locations, adding four new branches during the quarter. (Source: AAVAS Financiers Ltd_7/25/2024_82, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/d027b2c9-2992-41b5-bd9c-b2d12306c686.pdf |
Star Housing Finance Ltd reported robust financial performance for Q1 FY 2024-25, with a 73.55% y-o-y increase in AUM (Assets Under Management) to ₹471.41 crores and a 71% y-o-y increase in income. The company disbursed ₹61.23 crores during the quarter, and its net interest margin stood at 7.04%. Profit before tax grew by 87.98% y-o-y, while profit after tax increased by 94.83% y-o-y to ₹3.02 crores. The company also announced a 50% increase in dividend payout and has strong capital levels with a net worth of ₹137.77 crores as of June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dfe1a9c7-f014-4df2-8650-3ac3d65a242f.pdf |
Allsec Technologies Ltd. reported a significant financial performance for Q1 FY25, with revenue from operations increasing by 20% YoY, driven by a 33% growth in Customer Experience Management (CXM) and an 11% rise in EXM Payroll. EBITDA surged by 27%, while PAT saw a remarkable 103% increase. CXM revenue reached ₹94.8Cr, up 32.8% YoY, and EXM revenue was ₹34.5 Cr, despite a 4.4% YoY decline. The company also highlighted a 50.2% QoQ increase in Operating Cash Flow to ₹38.6 Cr. CEO Mr. Naozer Dalal expressed optimism about maintaining this growth momentum in future quarters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/24ce3fe2-a274-4b4b-af0e-641b0af6111e.pdf |
Praj Industries Ltd. reported a Q1-FY25 operating income of INR 6,991 Mn, a 5.1% YoY decline. The company achieved an EBITDA of INR 920 Mn, marking a 21.9% YoY increase with EBITDA margins at 13.16%. Net profit surged by 43.4% YoY to INR 842 Mn, with PAT margins at 12.04%. The order intake for Q1-FY25 was INR 8,880 Mn, and the order backlog stood at INR 40,440 Mn. Praj Industries maintains a net debt-free status and holds a ~10% global ethanol production market share. (Code -**Prajind**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/5418b46c-1ba4-4eed-a5f2-fbf8255ef31a.pdf |
Mankind Pharma Ltd has announced its acquisition of a 100% stake in Bharat Serums and Vaccines Limited (BSV) for an enterprise value of approximately INR 13,630 Crores. This strategic move aims to expand Mankind Pharma's high entry barrier portfolio, particularly in women's health and fertility drugs. |
Go Digit General Insurance Ltd reported a 22.2% growth in Gross Written Premium (GWP) for Q1 FY25, reaching ₹2,660 crore compared to ₹2,178 crore in Q1 FY24. The company's Profit After Tax (PAT) surged by 74.1% to ₹101 crore from ₹58 crore in the same period last year. The Assets Under Management (AUM) increased by 12.7% to ₹17,773 crore as of June 30, 2024. The Combined Ratio improved to 105.4% from 106.2% in Q1 FY24, indicating better operational efficiency. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f2d02586-b9fb-4eec-907f-de8d92030cc4.pdf |
Glenmark Life Sciences Ltd reported a robust financial performance for Q1FY25, with a revenue growth of 9.7% QoQ and 1.8% YoY, reaching ₹5,886 Mn. The company's EBITDA surged by 14.1% QoQ to ₹1,650 Mn, maintaining a margin of 28%. PAT increased by 13.9% QoQ to ₹1,115 Mn. The Generic API business grew by 10.5% QoQ and 6.2% YoY, while the CDMO business saw a 20.2% QoQ increase. The company generated strong free cash flow of ₹1,213 Mn, resulting in cash and cash equivalents of ₹4,263 Mn as of June 30, 2024. Additionally, Glenmark Life Sciences added five new products to its development grid, including three high potent APIs and two synthetic small molecules. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b1822ab-54da-431e-ae57-5902faa7194f.pdf |
DLF Limited announced its financial results for Q1FY25, showcasing robust performance across its development and rental businesses. The company reported new sales bookings of ₹6,404 crore, marking a 214% year-on-year growth. Consolidated revenue increased by 14% year-on-year to ₹1,730 crore, with a net profit of ₹646 crores, reflecting a 23% year-on-year growth. |
Texmaco Rail & Engineering Ltd. has announced the acquisition of 100% shareholding in Jindal Rail Infrastructure Limited (JRIL) for Rs. 615 Crores, enhancing its market presence and capabilities in the wagons sector. |
AGS Transact Technologies Ltd reported a robust performance in Q1FY25 with a total income of INR 3,516 million, an EBITDA of INR 1,053 million (30% margin), and a PAT of INR 138 million. The company’s revenue from services accounted for 93.4% of its operations, with payment solutions (cash and digital) contributing 87%. |
Vardhman Special Steels Ltd. reported its unaudited financial results for Q1 FY25, showcasing a 6.04% YoY increase in sales volume to 50,298 tonnes. The Revenue from Operations rose by 1.32% YoY to Rs. 414.78 crore, despite a decline in sales prices. The EBITDA, including other income, surged by 31.71% YoY to Rs. 48.04 crore, driven by lower raw material costs and operational efficiencies. The PAT for the quarter increased by 40.43% YoY to Rs. 26.08 crore, with EPS rising to Rs. 3.20 from Rs. 2.29 in Q1 FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c140ab7c-ab13-4b16-abb4-6452bbe215a7.pdf |
Chalet Hotels Ltd reported its best-ever Q1 revenue for FY25, with total income reaching INR 3.7 billion, a 17% increase from Q1 FY24. The company's EBITDA rose by 31% to INR 1.5 billion. The hospitality segment saw a 15% revenue increase to INR 3.3 billion. |
Dredging Corporation of India Ltd. has received a rating update from India Ratings & Research, a Fitch Group Company, on July 23, 2024. The Long-Term Issuer Rating has been affirmed at IND BBB+/Positive, and the fund-based working capital facilities of INR 500 million have been assigned ratings of IND BBB+/Positive/IND A2+. The ratings are based on factual information and reasonable verification from credible sources, though they are inherently forward-looking and subject to change based on future events. https://www.bseindia.com/xml-data/corpfiling/AttachLive/25121989-15cf-4c39-9d2f-08f70b2cb6ac.pdf |
Cyient Limited announced its Q1 FY25 financial results, revealing a 5% QoQ and 2.8% YoY degrowth in DET revenue, amounting to INR 1414 crores. The DET EBIT stood at INR 190 crores with a margin of 13.5%, while PAT was INR 141 crores, reflecting a 17% YoY degrowth. Despite a challenging quarter, Cyient secured five large deals worth $52.4 million and expects a recovery in the coming quarters. The company also launched a semiconductor subsidiary, emphasizing its commitment to innovation and excellence in the global semiconductor market. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5578f3d6-dcf2-4bf8-9895-213b5b16ec89.pdf |
Ramco Cements Limited reported its standalone unaudited results for Q1 FY25, highlighting a marginal growth in sales volume to 4.36 million tons from 4.30 million tons in Q1 FY24. Desspite this, net revenue decreased by 7% to Rs. 2,097 crores due to an 8% drop in cement prices. The company's EBITDA for Q1 FY25 stood at Rs. 328 crores, a 6% decline from Rs. 349 crores in the previous year. The cost of raw materials increased by 9% year-over-year, while power and fuel costs per ton of cement decreased significantly. The company also reported an increase in green power usage to 33% and plans to expand its green power capacity to 234 MW by FY26. Additionally, the net debt as of June 30, 2024, was Rs. 4,975 crores, with a net debt to EBITDA ratio of 3.79 times. https://www.bseindia.com/xml-data/corpfiling/AttachLive/504afc4c-ec1a-48bc-b27d-3bc62419635f.pdf |
Home First Finance Company India Ltd reported robust financial and operational performance for Q1 FY25. The company achieved a significant milestone with Assets Under Management (AUM) reaching ₹10,478 Cr, reflecting a 34.8% year-on-year (y-o-y) growth and an 8.0% quarter-on-quarter (q-o-q) increase. Disbursements hit a new high of ₹1,163 Cr, marking a 29.9% y-o-y growth and a 5.5% q-o-q rise. The Profit After Tax (PAT) stood at ₹88 Cr, up by 27.0% y-o-y and 5.2% q-o-q. The Return on Equity (ROE) improved to 16.3%, and the Return on Assets (ROA) was maintained at 3.6%. The company's Gross Stage 3 (GNPA) was stable at 1.7%, with a credit cost of 20 bps. HomeFirst continues to expand its footprint, adding 22 new touchpoints and increasing its presence in four new districts, totaling 135 districts. https://www.bseindia.com/xml-data/corpfiling/AttachLive/635bbc7f-34e4-4f47-8e8b-a4ac939dfe0a.pdf |
AU Small Finance Bank Ltd has received Board approval to apply for a Universal Banking license, marking a significant transition from its current status as a Small Finance Bank. For Q1 FY25, the bank reported a 30% YoY increase in profit to ₹503 Cr, supported by a 54% YoY growth in Net Interest Income (NII) to ₹1,921 Cr. The Return on Assets (RoA) stood at 1.6%, and Return on Equity (RoE) at 13.2%. The bank's Gross Non-Performing Assets (GNPA) ratio was 1.78%, with total deposits at ₹97,290 Cr and gross advances at ₹90,702 Cr. The bank continues to progress on its AU@2027 strategy, focusing on sustainable growth and digital innovation. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2800d740-8b42-40c6-9dc0-0f2082c83baa.pdf |
Praj Industries Ltd. announced its unaudited financial results for Q1 FY25, reporting a revenue of Rs. 6,991.41 million and a PAT of Rs. 841.81 million (Code -**Prajind**, n.d.). The company saw an order intake of Rs. 8,880 million during the quarter (Code -**Prajind**, n.d.). |
Venus Pipes & Tubes Ltd reported its highest-ever quarterly revenue, EBITDA, and PAT for Q1 FY25. The company achieved a revenue of Rs 240.1 crore, marking a 34% year-on-year growth. EBITDA increased by 74% to Rs 47.9 crore, with margins at 20%, while PAT rose by 58% to Rs 27.5 crore, with margins at 11.5%. Export revenue saw a significant growth of 690%, contributing 25% to the total revenues. The company is experiencing strong order inflows from diverse industries and robust growth in key international markets, including Europe, the US, and the Middle East. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa3c5675-45ad-4c19-b3aa-c50e9118666f.pdf |
Jupiter Wagons Ltd has reported outstanding financial results for Q1FY25, with total income rising by 19.4% YoY to ₹90,219 lakh and PAT increasing by 40.3% to ₹8,923 lakh (National Stock Exchange of India Limited, Exchange Plaza, National Stock Exchange of India Limited, Exchange Plaza & Bandra Kurla Complex, Bandra (E), Mumbai -400 051. Bandra Kurla Complex, Bandra, Mumbai -400 051, n.d.). |
Pitti Engineering Ltd recently signed definitive agreements to acquire Dakshin Foundry Private Limited (DFPL) for an Equity Value of ₹153.12 crores. DFPL, based in Hyderabad, specializes in manufacturing high-quality castings in various grades and has an installed capacity of 4200 Tonnes Per Annum. In terms of finances, DFPL reported revenues of ₹57.75 crores in FY 22, ₹71.53 crores in FY 23, and ₹70.89 crores in FY 24. The acquisition is seen as synergistic with Pitti Engineering's existing business, enhancing its production capacity and operational strength. (Pitti Engineering Ltd-$_7/25/2024_105, n.d._) https://www.bseindia.com/xml-data/corpfiling/AttachLive/dab3cf3f-3db2-4417-a33f-faa8b33be674.pdf |
Westlife Foodworld Ltd announced its Q1 FY25 financial results, reporting sales of INR 616 billion, a 0.3% year-over-year increase. Operating EBITDA stood at INR 800 million. The company aims to achieve an 18-20% Operating EBITDA margin by December 2027. The off-premise business grew by 6% year-over-year, contributing 42% to total sales. Digital sales accounted for 69% of the business, growing by 8% year-over-year. Gross margins improved to 70.8%, driven by cost optimization and lower input costs. |
Laurus Labs Ltd announced its Q1 FY25 results with revenues of ₹**1,195 crore** and EBITDA of ₹**171 crore**. The company reported a 1% revenue growth. key Highlights included strong growth in Oncology API and firm demand in ARVs. The CDMO-Synthesis business saw revenues of ₹**214 crore**, APIs business revenues were ₹**664 crore**, and FDF business revenues were ₹**274 crore**. The company is focused on expanding its customer product pipeline, engaging in CMO collaborations, and has filed numerous patents. Additionally, Laurus Labs is committed to maintaining its FY 2025 outlook and improving EBITDA margins. (Reddy, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3992d95e-d051-42d2-b2bc-b6ace4d274ba.pdf |
PNB Housing Finance Ltd reported its Consolidated Unaudited Financial Results for Q1 FY2024-25, showing significant growth and improvements. Key highlights include a 19% YoY increase in disbursement to INR 4,398 crore, a 14.4% YoY growth in Retail Loan Asset to INR 65,157 crore, and a 25% YoY rise in Profit after Tax to INR 433 crore. |
LT FOODS LTD. reported strong Q1 FY’25 results with revenue reaching Rs. 2,088 crores and PAT growing to Rs. 155 crores, up by 17% and 13% YoY respectively. The company's premiumization strategy led to a 17% increase in revenue and a 13% increase in profitability YoY. The Ready-to-Eat (RTE) and Ready-to-Cook (RTC) segments saw a strong 37% YoY growth in the first quarter. |
NIIT Limited recently won awards at The Economic Times’s 3rd ETHR World FutureSkills Awards 2024. They received the Gold Award for "Best in Learning Data Analytics" and the Silver Award for "Best Learning Culture in an Organisation - Small & Medium Sized Enterprises"(Malhotra, n.d.). The awards recognize NIIT's excellence and innovation in Learning & Development, showcasing their commitment to fostering a positive workforce(Malhotra, n.d.). |
Mahindra Holidays & Resorts India Ltd. reported a strong financial performance for the first quarter of FY25. AG fragments: A. Standalone Financial Performance: 1. PAT: Rs. 45 Cr, 19% year-on-year increase. 2. Total Income: Rs. 384 Cr, 8% year-on-year growth. B. EBITDA: Rs. 113 Cr, 17% year-on-year increase; 29.5% margin. C. Cash Position: Rs. 1437 Cr (as of June 30, 2024). D. Consolidated Financial Highlights: 1. Total Income: Rs. 686 Cr; 2. PAT: Rs. 6 Cr(M). https://www.bseindia.com/xml-data/corpfiling/AttachLive/ddbe9d72-3a67-4572-bb83-dc8353270a97.pdf |
Bharti Airtel Ltd. has announced significant expansions in its Wi-Fi services, reaching an additional 4.1 million households in Gujarat and 1.9 million households in Telangana. In Gujarat, the service now covers 72 cities, offering high-speed internet and access to 20+ OTT services and 350+ TV channels, with plans starting at ₹**599** per month. In Telangana, the service extends to 46 towns, with similar benefits and plans starting at ₹**699** per month. This expansion aims to provide reliable high-speed internet and a wide range of entertainment options to more customers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3428abf7-becf-4cac-aa64-c8e4f5980fe5.pdf |
Sunita Tools Ltd announced the acquisition of Imperial Auto Crafts through its subsidiary, Sunita Imperial Aerospace Private Limited, on July 25, 2024. This strategic move aims to enhance Sunita Tools' capabilities and expand its market presence in the engineering and aerospace sectors. The acquisition will leverage Imperial Auto Crafts' established expertise, enabling Sunita Tools to offer a broader range of services and solutions. The MOU outlines the key terms and conditions, ensuring a smooth transition and seamless integration of operations. This acquisition aligns with Sunita Tools' vision of diversifying its portfolio and strengthening its market position. (Sunita Tools Ltd_7/25/2024_155, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/21a53329-7eeb-4edb-9bb5-66da6faf0a64.pdf |
Nestlé India Ltd. reported its unaudited financial results for the first quarter ended June 30, 2024. The company achieved total sales of INR 4793.0 crore, reflecting a 3.8% growth, with domestic sales growing by 4.2%. |
Tata Elxsi Ltd. has announced a strategic collaboration with Wind River to leverage the Wind River Studio Developer platform for accelerating its DevSecOps process in the development of software-defined vehicles (SDVs). This partnership aims to enhance Tata Elxsi's capabilities in building SDVs by streamlining and optimizing development workflows, thereby improving software workflow productivity and efficiency. |
Tata Power Co. Ltd. has announced a strategic partnership between its subsidiary, TP Renewable Microgrid Limited (TPRMG), and the National Dairy Development Board (NDDB). This collaboration aims to enhance sustainability and operational efficiency by integrating renewable energy technologies into Dairy Cooperative Societies, Bulk Milk Coolers, and Milk Chilling Centers. |
Insolation Energy Ltd has announced significant updates in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is planning a capital expenditure to increase its solar panel manufacturing capacity by an additional 3GW, bringing the total installed capacity to approximately 4GW and 12,000MT of aluminum framing for the fiscal year 2024-25. The management anticipates a blockbuster year in terms of revenue, with potential margin expansion in the range of 200-250 basis points. Additionally, a technological upgrade is planned for a 1.4GW cell manufacturing capacity to be commissioned in 2025-26. The company achieved a remarkable 181.86% volume growth year-over-year on a consolidated basis, with Q1 FY 2024-25 revenues surpassing the first half of FY 2023-24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6b8e03b3-ed43-42de-b5e7-f5cc0f228a2e.pdf |
Emcure Pharmaceuticals Ltd has signed a 22.78 MWp DC Solar Power Purchase Agreement (PPA) with Sunsure Energy to receive approximately 36 million units of renewable energy annually for their Pune plants. This initiative will meet around 67% of their power requirements with green energy, offsetting 29,765.71 metric tons of CO2e annually. |
Karnataka Bank Ltd. announced a record Q1 net profit of Rs. 400.33 crore for the quarter ended June 30, 2024. The bank achieved significant milestones, including crossing INR 1.75 lakh crores in business turnover, INR 1 lakh crore in aggregate deposits, and INR 0.75 lakh crores in gross advances. |
Motilal Oswal Financial Services Ltd. reported its highest-ever quarterly profit after tax of Rs. 1,021 crore for Q1FY25, marking a 52% YoY increase. The consolidated operating net revenue rose by 32% YoY to Rs. 1,133 crore, while the consolidated operating PAT increased by 41% YoY to Rs. 431 crore. |
CANARA BANK reported a net profit increase of 10.47% YoY for the quarter ending June 30, 2024, with a net profit of Rs. 3,905 crore. The global business grew by 11.07% to Rs. 23,10,350 crore, driven by a 11.97% increase in global deposits to Rs. 13,35,167 crore and a 9.86% rise in gross advances to Rs. 9,75,183 crore. The gross NPA ratio improved to 4.14%, and the net NPA ratio reduced to 1.24%. The Provision Coverage Ratio (PCR) improved to 89.22%, and the Capital Adequacy Ratio (CRAR) stood at 16.38%. The bank's retail credit portfolio grew by 23.54%, with housing loans up by 11.90% and vehicle loans by 15.49%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/487491d2-40b7-40ce-891d-338943a66cb9.pdf |
Jyothy Labs Ltd has released a press statement on July 25, 2024, detailing its performance for the quarter ending June 30, 2024. The company, headquartered in Mumbai, has reported its financial results in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The press release highlights key performance metrics and achievements for the specified quarter, reflecting the company's operational and financial health. For further details, the full press release is available on the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/187bcfd4-d0f1-42c5-9e6d-e6888c92dbb6.pdf |
Mankind Pharma Ltd has announced the acquisition of a 100% stake in Bharat Serums and Vaccines Limited (BSV) as of July 25, 2024. The acquisition, valued at approximately ₹**13,630 crores**, aims to expand Mankind Pharma's portfolio in women's health, fertility, critical care, and the Immunoglobulin segment. BSV, a leading specialty pharma platform, reported a consolidated turnover of ₹**17,234.75 million** for the financial year ending March 31, 2024. The acquisition is expected to close within 3-4 months, pending regulatory approvals from the Competition Commission of India, Turkish Competition Authority, and Germany's Federal Ministry of Economic Affairs and Climate Action. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2927c868-4815-4db1-ad8f-4459024b2f03.pdf |
6. New AcquisitionsExicom Tele-Systems Ltd has incorporated a wholly-owned subsidiary, Exicom NexGen Power B.V., in the Netherlands on July 25, 2024. The subsidiary, with an issued share capital of Euro 500,000, will focus on the Electric Vehicle and Tele-communication Sector. This includes manufacturing and trading in electric vehicle charging stations, solar energy systems, batteries, and telecommunication equipment. This strategic move aims to expand Exicom's global operations and cater to international demand. The acquisition involves a 100% cash subscription to the equity share capital of the subsidiary (**National Stock Exchange of India Limited**, Exchange Plaza, 5th Floor, C -1, Block G, Bandra -Kurla Complex, Bandra). https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8121de7-8632-4310-88dd-fffc5254233a.pdf |
Sofcom Systems Ltd held a Board Meeting on July 24, 2024, where they approved the acquisition of 100% shares of M/s Avian Consultancy Private Limited (ACPL) through a share swap in the ratio of 1:2250. This means every ACPL shareholder holding 1 equity share of Rs. 10/- each fully paid up will be issued and allotted 2250 equity shares of Sofcom Systems Ltd of Rs. 10/- each fully paid up. Upon completion, ACPL will become a wholly-owned subsidiary of Sofcom Systems Ltd, enabling the company to expand its business operations through Artificial Intelligence. The transaction is expected to be completed by September 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/38926247-6152-4b64-9929-305034caa506.pdf |
Emcure Pharmaceuticals Ltd has announced an acquisition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Emcure and its subsidiary Gennova Biopharmaceuticals Limited have entered into a Share Subscription and Shareholders' Agreement with Sunsure Solarpark Twelve Private Limited. The acquisition involves a total contribution of Rs. 8,65,64,000. Emcure will invest Rs. 7,10,60,000, and Gennova will invest Rs. 1,55,04,000. Following the acquisition, Emcure and Gennova will collectively own a 26% shareholding in Sunsure Solarpark. This strategic move aims to secure renewable energy for Emcure's facilities through a Power Purchase Agreement, enhancing their sustainability initiatives. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a5f0ada7-0454-4dd6-9629-975b05463c59.pdf |
Shiva Cement Ltd. has announced the Board's approval for the acquisition of a cement grinding unit to be set up by Bhushan Power & Steel Limited (BPSL) in Sambalpur, Odisha. The unit will have a capacity of 1.0 MTPA and will be acquired for an aggregate purchase consideration of up to INR 380 crores. This transaction is a related party transaction, conducted on an arm's length basis, and is expected to be completed by 30th September 2025, subject to necessary governmental and regulatory approvals. The acquisition aligns with the company's long-term objectives and will involve cash consideration. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d78fce3-05e6-4861-97bc-47c395c4b8fc.pdf |
Texmaco Rail & Engineering Ltd. has approved the acquisition of Jindal Rail Infrastructure Limited (JRIL), including all securities held by existing security holders JUISL and STPL. |
Pitti Engineering Ltd announces acquisition of DFPL's 100% equity share capital |
Maithan Alloys Ltd. has disclosed the acquisition of equity shares in Jio Financial Services Ltd. on July 24, 2024. The acquisition, completed on the same day, involved a cash consideration of Rs. 20.06 Crore for 0.01% shareholding (594,000 shares). This brings the total shareholding to 0.04% (2,948,000 shares) in Jio Financial Services. |
Transindia Real Estate Ltd has acquired a 6.62% stake in AGL Warehousing Private Limited, making AGL a wholly-owned subsidiary. This acquisition, valued at Rs. 5,93,08,860, was completed through a Share Purchase Agreement with Contech Solutions Private Limited, a related party. The acquisition aligns with Transindia's strategic goal of fully integrating AGL to streamline operations and enhance value from warehousing activities. |
7. Credit RatingGREAT EASTERN SHIPPING CO.LTD. has received a reaffirmation of its CRISIL AA+ rating for its Rs. 1900 crore Non-Convertible Debentures. The outlook has been revised to ‘Positive’ from ‘Stable’ as of July 25, 2024. |
IndusInd Bank Ltd. has received reaffirmed credit ratings from CRISIL Ratings Limited as of July 25, 2024. The ratings include: |
Tourism Finance Corporation of India Ltd. (TFCI) has been assigned a credit rating of IVR A1+ for its proposed commercial paper issue of Rs. 100 crore by Infomerics Valuation and Rating Pvt. Ltd. as of July 25, 2024. |
Bank of Maharashtra has shown significant improvement in its financial profile, driven by a robust increase in advances and a strong depositor base. as of June 30, 2024, the bank's advances grew to ₹2,09,031 crore. The bank focused notably on the retail, agriculture, and MSME segments. The bank's CASA ratio stood at 49.86%**, reflecting its strong retail franchise in Maharashtra. The bank's capital adequacy ratio (CAR) was 17.04%**, with a CET I ratio of 12.20%. The bank's net profit for Q1 FY2025 was ₹1,293 crore**. The bank's return on total assets (ROTA) was 1.78%. The gross NPA ratio improved to 1.85%**, and the net NPA ratio remained stable at 0.20%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8267804e-b00f-47c0-82de-2304ac93de1b.pdf |
In the document related to ELECON ENGINEERING CO.LTD., it is mentioned that the company obtained an updated credit rating for bank facilities of Rs. 400 crores from ICRA Limited on July 25, 2024. The long-term rating was upgraded to [ICRA]AA (Stable) from [ICRA]AA- (Stable), and the short-term rating was reaffirmed as [ICRA]A1+. The company's bank facilities were enhanced from Rs. 300 crores to Rs. 400 crores, with a stable outlook on the long-term rating. ICRA reserves the right to review and revise the ratings based on new information and circumstances. The ratings are specific to the terms and conditions of the bank facilities and may require revalidation if there are changes in size or structure. (National Stock Exchange of India Ltd. Mumbai National Stock Exchange of India Ltd. Mumbai). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4dcdc481-2383-4d99-81d3-566a7b2ebfa6.pdf |
Kalpataru Projects International Ltd has a strong business risk profile with a consolidated order book of Rs 58,415 crore as of March 31, 2024, showing a 17% year-on-year growth in operating income to Rs 16,760 crore for fiscal 2024. The company's EBIDTA margin improved to 9.2% in fiscal 2024. |
Shahlon Silk Industries Ltd has experienced a significant downgrade in its credit rating by CRISIL Ratings. The company was previously rated 'CRISIL BB-/Stable' and 'CRISIL A4+' for long-term and short-term ratings, respectively. however, it has now been downgraded to 'CRISIL D' for both categories. |
K.P. Energy Ltd has announced the disinvestment of its entire 99% stake in the project-specific Special Purpose Vehicle (SPV), Miyani Power Infra LLP. This decision, in compliance with Regulation 30 of SEBI Listing Regulations, was formalized through a supplementary LLP Agreement executed on July 25, 2024. The SPV, incorporated on February 22, 2017, had not commenced operations, thus no turnover or revenue details are applicable. The transaction, valued at Rs. 99,000, does not qualify as a related party transaction and is outside the Scheme of Arrangement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f5cd13bb-0108-46e0-8d25-e12f291681f6.pdf |
Pitti Engineering Ltd has announced the completion of its acquisition of 100% equity shares of Dakshin Foundry Private Limited (DFPL) as of 25th July 2024. This acquisition, following the execution of a share purchase agreement and other binding agreements, makes DFPL a wholly owned subsidiary of Pitti Engineering Ltd. This strategic move is aimed at expanding the company's operational capabilities and market reach. https://www.bseindia.com/xml-data/corpfiling/AttachLive/29c9e786-8983-48f3-a9de-6e3e603af9a0.pdf |
Cambridge Technology Enterprises Ltd. has announced the completion of its acquisition of CB I Z Information Technology LLC, Dubai through its wholly owned subsidiary, CTE Web Apps Private Limited. The acquisition, finalized on July 25, 2024, involved the purchase of 100% of the shares of CB I Z Information Technology LLC for 3000 UAE Dirhams (approximately 68,000 Rupees). This transaction makes CB I Z Information Technology LLC a wholly owned subsidiary of CTE Web Apps Private Limited and a wholly owned step-down subsidiary of Cambridge Technology Enterprises Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/314ef38d-7c33-4fc1-b2eb-aa1c1943b680.pdf |
Zensar Technologies Ltd. has completed the acquisition of 100% membership interests in BridgeView Life Sciences, LLC through its wholly-owned subsidiary, Zensar Technologies Inc., USA. The acquisition was finalized on July 24, 2024, following the initial disclosure on July 17, 2024. This strategic move is in line with the company's growth and expansion plans in the life sciences sector. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a92fdeb7-cae5-4a57-8c3a-14e86d948b3c.pdf |
8. ResignationMagadh Sugar & Energy Ltd has announced the resignation of Mr. Sudershan Bajaj, the Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on July 31, 2024. This decision, driven by personal reasons, was communicated through a letter dated July 25, 2024. The company has acknowledged the resignation and will relieve Mr. Bajaj from his duties as requested. Further details regarding this change are provided in Annexure A, as per SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a781854-74ba-4120-9e60-b6f77376a420.pdf |
Beryl Securities Ltd. announced the resignation of its CFO and Key Managerial Personnel, Shri Udai Lal Dhakar, effective from the close of business on July 24, 2024. The resignation letter, dated May 29, 2024, cited personal reasons for his departure. The company has acknowledged the resignation and will present it at the next Board Meeting. Dhakar is requested to complete the handover of company documents by his last working day: BERYL SECURITIES LTD., 7/25/2024, 64, n.d. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e5f8151-0c1d-4081-9b7f-a828fed0c574.pdf |
MEDICAMEN BIOTECH LTD. has announced the resignation of its Chief Financial Officer, Mr. Pratap Rawat. Effective from the close of business hours on August 14, 2024. |
GUJARAT HOTELS LTD. has recently made significant announcements including the approval of the 42nd Annual General Meeting on September 12, 2024, the payment of a final dividend of ₹**2.50** per equity share for the financial year ended March 31, 2024, and the appointment of key personnel such as the Chief Executive Officer, Chief Financial Officer, and Company Secretary. The company also fixed August 23, 2024, as the Record Date for dividend entitlement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8266f35-6c5e-46c4-a0d1-1c33fb27fec3.pdf |
MM RUBBER COMPANY LTD. has scheduled a Board Meeting on 31st July 2024 at 11:00 AM to address key agenda items. The meeting will consider the resignation of the current Statutory Auditor, M/s. R A M S And Co, and the appointment of M/s. Narayan Bhat and Co as the new Statutory Auditors to fill the casual vacancy. Additional business matters may also be discussed with the permission of the chair. https://www.bseindia.com/xml-data/corpfiling/AttachLive/70557b35-fbb8-4b6d-b8f1-0cfdad221c8a.pdf |
Future Retail Limited is currently undergoing liquidation proceedings as per the Insolvency and Bankruptcy Code. The Resolution Professional (RP), [Name]_, filed for liquidation due to the non-approval of a resolution plan by the Committee of Creditors (CoC). Despite a revised resolution plan submitted by Space Mantra, it was not approved by the CoC. The liquidation application was withdrawn by the Hon'ble National Company Law Tribunal (NCLT) on April 2, 2024. The RP filed an affidavit on July 25, 2024, regarding the liquidation proceedings before the NCLT. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa35fc5d-71d6-48eb-92eb-12f299a3d3a3.pdf |
LT FOODS LTD. held a Board meeting on July 25, 2024. Several key decisions were made. The company approved the audited standalone and consolidated financial results for the quarter ended June 30, 2024. The total income was reported as ₹**2,08,800.32 lakhs**, and the net profit was ₹**15,528.70 lakhs**. The Board declared a second interim dividend of ₹**0.50 per equity share**. |
Panafic Industrials Ltd. has scheduled a Board of Directors meeting on July 28, 2024, at 3:00 PM to discuss several key matters. The agenda includes: |
SCANPOINT GEOMATICS LTD. is holding a Board of Directors meeting on July 30, 2024, to discuss raising funds through the issuance of equity shares to eligible shareholders on Rights basis, in compliance with relevant laws and regulations. The meeting will take place at the company's registered office in Ahmedabad, Gujarat, India. The proposal is subject to necessary regulatory approvals. Kantilal Ladani, the Whole Time Director, will represent the company at the meeting. (SCANPOINT GEOMATICS LTD._7/25/2024_120, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/a79a5b93-2d55-4723-9f70-a72d1e2afefa.pdf |
BSE Limited issued an observation letter to SBEC Systems (India) Ltd. with no adverse observations. The proposed scheme of Reduction of Share Capital is subject to various statutory and regulatory approvals, including those from the National Company Law Tribunal, shareholders, and creditors. The company is advised to comply with SEBI circulars and ensure all necessary disclosures and compliance with regulations. |
ISMT LTD. has announced the Record Date for the Scheme of Arrangement and Merger with Kirloskar Ferrous Industries Limited. The Board of Directors has set Tuesday, 6 August 2024 as the Record Date to determine the equity shareholders eligible to receive fully paid-up equity shares of the Transferee Company. |
AJMERA REALTY & INFRA INDIA LTD. has set August 2, 2024, as the Record Date for issuing Equity Shares to shareholders as part of a Scheme of Arrangement. The Board of Directors passed a Resolution on July 24, 2024, to determine the entitlement for the shares based on a share exchange ratio mentioned in the Scheme. Shweta Jhawar is the Company Secretary & Compliance Officer for AJMERA REALTY & INFRA INDIA LIMITED (AJMERA REALTY & INFRA INDIA LTD.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/d98bb6aa-eea6-47ba-9d63-1e4bce2ecba6.pdf |
9. Earnings TranscriptMphasis Ltd. held its 33rd Annual General Meeting on July 25, 2024. The Chairman highlighted significant achievements and strategic initiatives. The company reported new Total Contract Value (TCV) wins of USD 1.38 billion for FY24, with Q4 deals worth USD 177 million. Notably, 77% of these deals were driven by next-gen technology adoption. |
India Motor Parts & Accessories Ltd. held its 70th Annual General Meeting (AGM) on July 24, 2024, via video conferencing. The company reported a moderate growth of 2.37% over the previous year. The sales of spare parts were impacted by Original Equipment Spares (OES). The company operates 85 branches and opened four new branches in 2023-24. The amalgamation of CAPL Motor Parts Private Limited with IMPAL is in its final stages, awaiting approval from the National Company Law Tribunal (NCLT). The company declared an interim dividend of Rs. 9/- per share in February 2024 and recommended a final dividend of Rs. 18/- per share, totaling Rs. 27/- per share for the year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/B5CC8627-B874-4DEB-B69F-5D4E66D83372-080643.pdf |
Westlife Foodworld Ltd has announced the submission of the recording of its earnings conference call for the quarter ended June 30, 2024, in compliance with SEBI (LODR) Regulations, 2015. The recording is available on the company's website. |
HDFC Bank Ltd reported its Q1 FY25 earnings on July 20, 2024. The bank's net accretion to deposits fell short of expectations due to unexpected flows in current accounts and a Rs. 160 billion reduction in non-retail deposits from the erstwhile HDFC. |
Union Bank of India reported its financial results for the quarter ended June 30, 2024. The bank's deposits grew by 8.5% YoY to ₹**12.24 trillion**, while advances increased by 11.5% YoY to ₹**9.12 trillion**. The net profit reached ₹**3,679 crores**, marking a 13.7% YoY growth. The gross NPA reduced to 4.54%, and the net NPA decreased to 0.90%. The bank's CASA ratio stood at 72%, and it plans to raise ₹**10,000 crores** in capital for FY25. The bank's ROA improved to 1.06%, and ROE to 15.7%. (UNION BANK OF INDIA_7/25/2024_32, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/045f69e4-b7a9-4027-a6eb-ba28a9b8c9ad.pdf |
ICICI Lombard General Insurance Company Ltd reported a robust performance for Q1 FY2025, with a Gross Direct Premium Income (GDPI) of ₹76.88 billion, marking a 20.4% growth compared to ₹63.87 billion in Q1 FY2024. The company's motor segment saw a significant growth of 26.3%, driven by a 33% increase in the old vehicle book. The health segment also performed well, growing at 28.5% against the industry growth of 16.6%. The combined ratio improved to 102.3% from 103.8% in the previous year. Investment income rose to ₹11.28 billion, contributing to a Profit Before Tax (PBT) growth of 48.8% to ₹7.74 billion. https://www.bseindia.com/xml-data/corpfiling/AttachLive/21427669-45f5-427d-a74b-7c982ceb5d9d.pdf |
JSW STEEL LTD. has released the transcripts of its Q1FY25 Earnings Conference Call. The call took place after the Board of Directors' meeting on July 19, 2024. The company has made these transcripts available on its website. Additionally, audio recordings of the earnings call are also accessible online. This disclosure is in compliance with Regulation 30(6) and Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. For further details, stakeholders can visit the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5644bf7f-daa7-4e61-a7bf-68700c116acc.pdf |
JSW Steel Limited has disclosed the Q1 FY25 Earnings Conference Call transcripts following the Board of Directors meeting on July 19, 2024. This disclosure is in compliance with Regulation 30(6) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcripts and audio recordings of the earnings call are available on the company's website. This information is intended for the members and all concerned parties. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5644bf7f-daa7-4e61-a7bf-68700c116acc.pdf |
Supreme Petrochem Ltd. held an Earnings Conference Call on July 25, 2024, at 03:30 PM (IST) to discuss the Q1-FY/25 earnings. The audio recording of this call is accessible via this link and is also available on the company's official website. This information was communicated in a letter dated July 22, 2024, and the call was conducted as scheduled. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a8a0b21-6a06-441d-9dbd-f545fa6bcb4e.pdf |
CEAT LTD. reported its Q1 FY '25 results, highlighting an 8.8% YoY growth in consolidated net revenue, reaching INR 3,192.8 crores. The company faced a margin squeeze due to a 5% increase in raw material costs, particularly natural rubber, which surged to INR 207 per kg. |
L&T Finance Ltd reported its highest-ever quarterly consolidated PAT of ₹**686 Cr** in Q1FY25, marking a 29% YoY growth. The company achieved a 33% YoY increase in retail disbursements, totaling ₹**14,839 Cr**, and a 31% YoY growth in its retail book, now standing at ₹**84,444 Cr**. The consolidated book grew by 13% YoY to ₹**88,717 Cr**. |
Sharda Cropchem Ltd disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the audio recording of their Q1 FY 2024-25 earnings call. The conference call with analysts and investors was conducted digitally on 25th July 2024 at 01:00 PM IST. The audio link for the call is available on the company's website here. This disclosure ensures transparency and compliance with SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/146b1764-b82e-4617-b7d6-04cb7babb2b4.pdf |
Onward Technologies Ltd. reported a revenue of Rs 117.6 crore for Q1 FY 2024-25, a slight decrease from the previous quarter but with a 21% quarter-on-quarter growth in EBITDA, achieving a 9.9% margin. The company has a strong focus on growth and expansion in the U.S. and Europe, aiming to increase its revenue from these regions to 70%. Despite exiting some businesses, Onward Technologies is actively hiring, with 700 open positions and a robust pipeline of opportunities. The company has also crossed Rs 100 crore in cash on hand as of June 2024, reflecting a strong balance sheet and a commitment to maintaining profitable growth(Agarwal, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/a0aa4592-9a49-4fe7-bcff-550458599cdb.pdf |
Sagar Cements Ltd. reported a revenue of ₹**561 crore** for Q1 FY25, a 4% increase from ₹**540 crore** in Q1 FY24([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). EBITDA for the quarter was ₹**47 crore**, up from ₹**31 crore** in the same period last year, with margins improving to 8% from 6%([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). The company experienced a loss after tax of ₹**32 crore**, an improvement from a loss of ₹**42 crore** in Q1 FY24([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). Operationally, the Mattampally plant operated at 49% utilization, while other plants like Gudipadu and Bayyavaram operated at 78% and 62%, respectively([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). The gross debt as of June 30, 2024, was ₹**1,462 crore**, with a debt-equity ratio of 0.61:1([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). The company aims to achieve a volume target of 6.5 million tonnes for the full year, despite a challenging Q1([Sagar Cements Ltd.-$_7/25/2024_154, n.d_.]). |
Pondy Oxides & Chemicals Ltd. reported a consolidated revenue increase of 37% year-on-year to INR 445 crore for Q1 FY '24-'25. This growth was driven by higher production and sales in lead and plastics. |
Cyient DLM Ltd reported a Q1 base year 2025 (FY25) revenue of Rs. 257.9 crores, marking a year-on-year growth of 18.8%. Despite temporary supply chain challenges, the company expects strong performance in Q2. The EBITDA stood at Rs. 20 crores, with a PAT growth of 97.7% to Rs. 10.6 crores. The order book at the end of Q1 was Rs. 2126.7 crores. |
Karur Vysya Bank Ltd. reported a strong performance for Q1 FY25, with total business reaching Rs. 1,70,059 crore as of June 30, 2024. The bank's advances stood at Rs. 77,710 crore, and deposits grew to Rs. 92,349 crore, both registering a 4% growth. Retail advances saw a notable 7% quarter-on-quarter increase, driven by jewel loans, mortgages, and personal loans. The bank's Net Interest Margin (NIM) was maintained at 4.13%, and the Return on Assets (ROA) was 1.7%. Gross NPA reduced to 1.32%, and net NPA was at 0.38%. The bank's CRAR Basel III ratio stood at a healthy 16.47%, indicating strong capital adequacy. https://www.bseindia.com/xml-data/corpfiling/AttachLive/FADBD856-19D3-4985-8C9A-9629096315AA-080901.pdf |
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