Information is Wealth. ⬇️
Note: Scroll down or Press Ctrl + F to search specific stock you are looking
Table of Contents
Nifty 50 PE Ratio:
https://activestockmarket.com/nifty-50-pe-ratio
1.New Work Order
Aztec Fluids & Machinery Ltd has received a refund order from the Office of the Deputy Commissioner of Customs. The order, numbered 26/AC/ACC/OIO/Aztec/2024-25, was dated 25th July 2024 and received on 27th July 2024. The sanctioned refund amount is Rs 10,65,304 under Section 27 of the Customs Act, 1962. This information is intended for the exchange and its members. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d93a2798-41ad-4c4e-a146-522045ca7252.pdf |
Colgate-Palmolive (India) Ltd. has received a final assessment order from the Income Tax authority for the Assessment Year 2020-21, demanding INR 248,74,78,511, which includes INR 79,63,40,105 in interest. The demand primarily concerns transfer pricing issues, consistent with previous years' disallowances, against which the company has already filed appeals. Colgate-Palmolive (India) Ltd. plans to appeal this order before the Income Tax Appellate Tribunal. There is no impact on the company's financial operations or other activities due to this order. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa5c53a6-ee7a-4a4d-a417-6fd4105b4749.pdf |
2. Business UpdatesKretto Syscon Ltd held a Board Meeting on July 27, 2024. During the meeting, the Board approved an increase in the company's Authorized Share Capital from ₹36 Crores to ₹66 Crores, subject to shareholder approval. This change involves amending the Capital Clause (Clause V) of the Memorandum of Association. |
EASTERN SUGAR & INDUSTRIES LTD. has officially changed its name to KUNDAN MINERALS AND METALS LIMITED as per the Registrar of Companies, effective from July 26, 2024. The company has initiated the necessary processes to implement this name change across all relevant departments and regulators. The change of name has been approved by the Government of India, Ministry of Corporate Affairs, with the Corporate Identification Number (CIN) being L24205BR1964PLC006630. The company is now known as KUNDAN MINERALS AND METALS LIMITED (PO. Hanuman Sugar Mills, Motihari, Hanuman Sugar Mills PO Motihari et al.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc86e18d-6e28-4ddc-8d4a-012aa554fcda.pdf |
Fratelli Vineyards Limited (formerly known as Tinna Trade Limited) has officially changed its name following approval from the Registrar of Companies, NCT of Delhi and Haryana. The name change was initially decided in a Board Meeting on March 1, 2024, and confirmed in an Extra-Ordinary General Meeting on April 1, 2024. The company is in the process of updating its name with all relevant departments and regulators. The fresh Certificate of Incorporation reflecting this change is attached to the official communication. |
GODAWARI POWER & ISPAT LTD. has received permission from the Chhattisgarh Environment Conservation Board to establish a 2-million-ton pellet plant. This expansion will increase the company's iron ore pelletisation capacity from 2.7 MTPA to 4.7 MTPA. The project includes facilities for ore grinding, beneficiation, and coal gasification. |
3. FDA ObservationIndoco Remedies Ltd. disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the United States Food and Drug Administration (USFDA) inspected its manufacturing facilities at Plant II (Sterile) and Plant III in Goa from July 16, 2024, to July 26, 2024. The inspection concluded with the company receiving seven observations in Form 483. Indoco Remedies Ltd. is addressing these observations comprehensively and will respond to the USFDA within the stipulated timeframe. |
4. Investor PresentationSumitomo Chemical India Ltd reported robust financial performance for Q1FY25, with a 16% YoY increase in revenue to ₹**838.9 crores** and a 45% rise in gross profit to ₹**326.4 crores**. The company's EBITDA margin improved significantly to 19.2% reflecting a 100% YoY growth in operating EBITDA to ₹**161.1 crores**. |
Meghmani Organics Ltd reported its Q1 FY25 financial results, highlighting a revenue of ₹**411.1 crore** and an EBITDA of ₹**14.2 crore**, marking a 194% YoY increase. The company's Crop Protection segment contributed 66% to the overall revenue, with a net revenue of ₹**272.6 crore** and an EBITDA of ₹**11.3 crore**. The Pigments segment accounted for 34% of the revenue, with a net revenue of ₹**138.5 crore** and an EBITDA of ₹**9.4 crore**. |
Finolex Industries Ltd. reported a 3% decrease in revenue for Q1 FY25, amounting to Rs. 1,140 crore compared to Rs. 1,179 crore in Q1 FY24. |
MCX reported significant financial growth for Q1 FY 2024-25. The operating revenue surged to Rs. 234.37 Cr. from Rs. 145.77 Cr. in Q1 FY 2023-24, while the total revenue increased to Rs. 253.19 Cr. from Rs. 166.21 Cr. The Profit After Tax (PAT) saw a substantial rise to Rs. 110.92 Cr. compared to Rs. 19.66 Cr. in the previous year. The EBITDA also improved significantly to Rs. 151.38 Cr. from Rs. 31.13 Cr. Additionally, the average daily turnover (ADT) for futures and options reached Rs. 25,985 Cr. and Rs. 1,46,771 Cr. respectively, indicating robust market activity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/02ff68dd-fd74-4feb-8ac6-9192358f0194.pdf |
IDFC First Bank Ltd has shown significant growth and stability since its merger in 2018. The bank's total business now exceeds ₹4 lakh crore (USD 50 billion), with deposits over ₹2 lakh crore (USD 24 billion) and a loan book over ₹2 lakh crore (USD 25 billion). The CASA ratio stands at a healthy 46.6%, and the Net Interest Margin (NIM) for Q1-FY25 was 6.22%. The bank has maintained a high asset quality with GNPA at 1.90% and NNPA at 0.59%. Additionally, the Provision Coverage Ratio has increased to 87.5%. The bank's capital adequacy ratio is robust at 15.88%, and it has a strong digital presence with 96% of transactions being digital. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fb8a7efa-efe0-4181-9bcc-ccd84c53ca66.pdf |
Punjab National Bank (PNB) reported significant financial performance for Q1 FY'25, with a net profit of ₹**3,252 crore**, marking a 159% YoY increase(**PNB_7/27/2024_28**, n.d.). The gross NPA ratio improved to 4.98%, down from 7.73% YoY(**PNB_7/27/2024_28**, n.d.). Global business grew by 10% YoY to ₹**24,36,929 crore**,* while global advances increased by 12.2% YoY to ₹**10,28,682 crore**(**PNB_7/27/2024_28**, n.d.). The CASA share stood at 40.08%, and the capital adequacy ratio (CRAR) was 15.79%(**PNB_7/27/2024_28**, n.d.). PNB's return on assets (RoA) was 0.82%, and the net interest income grew by 10.23% YoY(**PNB_7/27/2024_28**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/82e8719a-f898-4616-b2bf-2d0479af8e5b.pdf |
ICICI Bank Ltd. reported a robust performance for Q1-2025, with a profit before tax of ₹**146.93 billion**, reflecting a 14.4% y-o-y growth. The net interest income increased by 7.3% y-o-y to ₹**195.53 billion**, while the non-interest income surged by 23.3% y-o-y to ₹**63.89 billion**. The net NPA ratio stood at 0.43% as of June 30, 2024. The total deposits grew by 15.1% y-o-y to ₹**14,261.50 billion**, and the domestic loans increased by 15.9% y-o-y. The Common Equity Tier 1 ratio was 15.92%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e41f19bc-d3e7-47d7-8547-30d8755dd009.pdf |
Shaily Engineering Plastics Ltd. reported a robust financial performance for Q1 FY25, with consolidated revenues increasing by 14% to Rs. 179.4 Cr compared to Q1 FY24. The company's EBITDA surged by 31% to Rs. 36.1 Cr, and PAT grew by 38% to Rs. 17.4 Cr. The EBITDA margin improved to 20.1%, and the PAT margin rose to 9.7%. The company also confirmed new business contracts in the healthcare and automotive sectors, including two new pen injectors and supply of knobs for export. Shaily Engineering Plastics Ltd. continues to leverage its extensive manufacturing capabilities, with over 200 injection molding machines and seven facilities in Gujarat, to drive growth and maintain strong financial health. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2f7ed4df-ae4d-4980-bcee-e78c0f84f543.pdf |
RPG Life Sciences Ltd. reported robust financial performance for Q1 FY25, with revenue from operations at ₹**165.4 crores**, up from ₹**147.8 crores** in Q1 FY24. The company achieved a PAT margin of 26.8% and an EBITDA margin of 41.4%. |
SBFC Finance Ltd reported robust financial performance for Q1 FY25, with a 35% YoY growth in Assets Under Management (AUM), reaching ₹7,167 Cr. The company focuses on secured MSME (Micro, Small and Medium Enterprises) loans, with 99% of its portfolio secured and a tangible net worth of ₹2,604 Cr. |
Spandana Sphoorty Financial Ltd reported a 32% YoY growth in Assets Under Management (AUM) to ₹**11,723 Cr** and a 47% increase in Net Interest Income (NII) to ₹**425 Cr** for Q1 FY25. However, the company faced challenges that led to a 53% YoY decline in Profit After Tax (PAT) to ₹**56 Cr**. The Gross Non-Performing Assets (GNPA) rose to 2.6%, while the Net Non-Performing Assets (NNPA) stood at 0.53%. |
Spandana Sphoorty Financial Ltd reported a 32% YoY growth in Assets Under Management (AUM) to ₹**11,723 Cr** for Q1 FY25, despite challenging conditions like high attrition and operational disruptions due to elections and heat waves(**Spandana Sphoorty Financial Ltd**\_7/27/2024_55, n.d.). The company's Net Interest Income (NII) increased by 47% YoY to ₹**425 Cr**, while Provision for Portfolio Obligations (PPOP) rose by 52% YoY to ₹**287 Cr**(**Spandana Sphoorty Financial Ltd**\_7/27/2024_55, n.d.). However, Profit After Tax (PAT) declined by 53% YoY to ₹**56 Cr** due to external challenges impacting portfolio quality, with Gross Non-Performing Assets (GNPA) at 2.6% and Net Non-Performing Assets (NNPA) at 0.53%(**Spandana Sphoorty Financial Ltd**\_7/27/2024_55, n.d.). The company has taken measures to improve portfolio quality, including pausing new member acquisition in key branches and enhancing credit monitoring systems(**Spandana Sphoorty Financial Ltd**\_7/27/2024_55, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/1de91ad6-12bb-4d3e-a17f-4af998d727b4.pdf |
RAJOO ENGINEERS LTD. recently released its Un-audited Consolidated Financial Result Update Presentation for the Quarter ended June 30, 2024. The company reported a Revenue of Rs. 50.87 crore, EBITDA of Rs. 7.12 crore, and PAT of Rs. 5.34 crore for the first quarter of FY25. They highlighted their recent expansion of the Rajkot facility, increasing manufacturing capacity by 30%, and the formation of Shrutina Nexgen Solar LLP for a captive solar plant. Additionally, they launched the Proex series of high-performance blown film lines, showcasing technological advancements and a positive outlook for domestic and export markets. (Doshi, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/749a6795-3907-44a6-b1c6-4ad529858da9.pdf |
GUJARAT THEMIS BIOSYN LTD. is a company based in Gujarat, India, with a factory in Vapi. They recently submitted an Investor Presentation to the BSE Limited in Mumbai. The presentation highlights the business overview of the company and financial highlights for Q1 FY2024-25. |
Eraaya Lifespaces Ltd has made significant progress in acquiring Ebix Inc. with a total of USD 35.75 million (INR 299 crores approx) already paid by the Consortium. Additional payments of USD 6.60 million (INR 55 crores approx) and USD 14 million (INR 117 crores approx) are scheduled for July 2024, with the final balance payment expected in August 2024. The acquisition, valued at USD 361 million (INR 3,009 crores approx), includes 100% equity in Ebix and its worldwide subsidiaries. Eraaya Lifespaces is strategically expanding into new business fields through mergers and acquisitions to drive growth and innovation. https://www.bseindia.com/xml-data/corpfiling/AttachLive/511dc510-21ec-459a-8776-9b2fd0714f9e.pdf |
Shree Krishna Infrastructure Ltd has announced a Board Meeting scheduled for August 05, 2024, at 11:00 A.M. to consider and approve several key items. These include the Board's Report for the financial year ending March 31, 2024, the addition of new objects in the Main Object Clause of the Memorandum of Association, and the scheduling of the 34th Annual General Meeting (AGM). The meeting will also fix the Record/Cut-off Date for the AGM and appoint M/S Vineeta Patel & Co. as the Scrutinizer for the AGM. This information is also available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/125ffcf2-82f3-44f6-9ac0-1e8a1ffd2777.pdf |
SIR SHADI LAL ENTERPRISES LTD. is the target company for an open offer by Triveni Engineering and Industries Limited. The offer is to acquire up to 13,65,000 fully paid-up equity shares at a price of ₹**262.15** per equity share, representing 26% of the voting share capital. The offer is made in accordance with SEBI (SAST) Regulations and involves a substantial acquisition of shares. The identified date for the open offer is Friday, 19 July 2024, with the tendering period starting on Friday, 02 August 2024, and closing on Friday, 16 August 2024(Jain, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/90a2fa4a-db54-4e6d-8d17-4c77ebc1f9f8.pdf |
5. Preferential BasisNatural Biocon (India) Ltd held a Preferential Allotment Committee meeting on July 27, 2024, approving the allotment of 21,60,000 equity shares at ₹**13.50** each, including a premium of ₹**3.50 per share**. The company received ₹**2,91,60,000** from five proposed allottees: Rich Pockets Online Services Limited, Aventez Media & Technologies Limited, Satyasur Marketing Private Limited, Aarnah Capital Advisors Private Limited, and Premal Vaishnav. 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/e0c73a65-a470-45a5-83d0-3215fc63e3f1.pdf |
GRM Overseas Ltd. has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the issuance of 9,070,000 equity shares of Rs. 2/- each, convertible from warrants on a preferential basis. This approval, dated July 26, 2024, is subject to several conditions, including: |
Associated Alcohols & Breweries Ltd. held a Board of Directors meeting on July 27, 2024, where they approved the unaudited financial results for the quarter ending June 30, 2024. The company reported a total income of INR 25,686.45 lakhs and a net profit of INR 1,771.56 lakhs. Additionally, the Board approved the issuance of 11,00,000 share warrants on a preferential basis, each convertible into one equity share within 18 months. An Extraordinary General Meeting is scheduled for August 23, 2024, to seek shareholder approval for this preferential issue. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6542e1b2-b37c-48a1-8937-041d6efb0d3b.pdf |
6. Press ReleasesCaptain Pipes Ltd. has reported impressive financial results for Q1FY25, showcasing a 55% YoY growth in Profit After Tax (PAT) to Rs. 157.65 Lakhs and an 8.7% increase in revenue from operations to Rs. 2077.39 Lakhs. The company's EBITDA surged by 44% YoY, reaching Rs. 260.52 Lakhs, driven by operational efficiency and cost management. The EBITDA margin improved by 309 basis points to 12.54%. Additionally, the construction of a new plant near Ahmedabad is on schedule, expected to enhance production capabilities with a 20,000 MTPA capacity. (Gopal & Khichadia, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/e3b7ed69-6229-4008-a341-86484d76b567.pdf |
MCX reported a significant financial performance for Q1 FY24-25. The total income surged by 27% to Rs. 253 crores, while operating income rose by 29% to Rs. 234 crores. EBITDA increased to Rs. 151 crores, with a margin of 60%, and PAT margin stood at 44%. Net profit saw a 26% rise, reaching Rs. 111 crores. The average daily turnover of commodity futures grew by 48% to Rs. 25,985 crores, and the notional ADT of options increased by 29.12% to Rs. 1,46,771 crores. The total traded clients in futures and options grew by 6.4%, reaching around 5.67 lakh. https://www.bseindia.com/xml-data/corpfiling/AttachLive/24817177-a4bb-4c1e-a8f0-e9878ebfcf72.pdf |
Jammu & Kashmir Bank Ltd. reported a significant 27% YoY increase in net profit, reaching Rs 415.49 Cr for Q1 FY 2024-25. The bank's net interest income grew by 7% to Rs 1369.22 Cr, and its net interest margin improved to 3.86%. Advances rose by 13% to Rs 95449.77 Cr, while deposits increased by 9% to Rs 132573.13 Cr. The gross NPA reduced to 3.91%, and the NPA coverage ratio improved to 91.57%. The bank's capital adequacy ratio also strengthened to 15.07%, indicating robust financial health and readiness for future growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c00e517d-9717-442c-a9a1-aa458b2af29b.pdf |
Cosmic CRF Ltd has announced the receipt of multiple purchase orders from three Wagon Manufacturing Companies and six divisions of Indian Railways. The orders include a gross value of ₹**903.21 Lakhs**, ₹**818.94 Lakhs**, and ₹**838.26 Lakhs**, all inclusive of GST, to be completed within six months. These orders involve the supply of various CRF sections for different types of wagons, including BOXNS, BOSM, and BOXNHL, and others. The company has confirmed that these orders do not involve any related party transactions and have been awarded by domestic entities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2fb97ca1-07f9-44f7-8b85-520f43ae8d4a.pdf |
Punjab National Bank (PNB) reported a significant 159% increase in net profit to ₹**3,252 Crore** for Q1 FY'25 compared to ₹**1,255 Crore** in Q1 FY'24. The Return on Assets (RoA) improved to 0.82%, and the Return on Equity (RoE) rose to 16.82%. The Net Interest Income (NII) saw a 10.23% increase to ₹**10,476 Crore**. The Gross Non-Performing Assets (GNPA) ratio improved to 4.98%, and the Net Non-Performing Assets (NNPA) ratio improved to 0.60%. The Provision Coverage Ratio (PCR), including write-offs, increased to 95.90%. The Global Business grew by 10.03% to ₹**24,36,929 Crore**, with Global Deposits and Global Advances increasing by 8.50% and 12.20%, respectively. https://www.bseindia.com/xml-data/corpfiling/AttachLive/51c9ee6e-73cc-4bd4-86aa-a0cde494a7c7.pdf |
Spandana Sphoorty Financial Ltd reported a 32% YoY growth in Assets Under Management (AUM), reaching ₹**11,723 Cr** for Q1FY25. Disbursements increased by 37% YoY to ₹**2,283 Cr**, while Net Interest Income (NII) rose by 47% YoY to ₹**425 Cr**. |
Meghmani Organics Ltd reported its unaudited financial results for Q1 FY25, showing a revenue from operations of INR 411.1 crore, remaining flat compared to previous quarters. EBITDA increased significantly by 194% YoY to INR 14.2 crore, with a margin of 3.5%. |
Transcorp International Limited reported a consolidated profit before tax of Rs. 1056.08 Lakhs for the quarter ended 30th June 2024, a significant improvement from the previous quarter's loss of Rs. 240.84 Lakhs. |
Transport Corporation of India Ltd. announced its Q1 FY2025 financial results, showcasing a robust performance. The company reported a standalone revenue of ₹**9844 Mn**, a 10.9% increase from the previous year's ₹**8875 Mn**. EBITDA rose by 16.7% to ₹**1452 Mn**, and Profit After Tax (PAT) surged by 26.3% to ₹**1052 Mn**. The growth was driven by strong performances across various segments, including coastal shipping, rail multimodal solutions, 3PL/warehousing, and cold chain logistics. TCI continues to invest in sustainable solutions and critical infrastructure to enhance logistics efficiency and reduce GHG emissions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2216795c-f3ac-4c6c-9845-da6319166b87.pdf |
Spandana Sphoorty Financial Ltd reported significant financial growth in Q1FY25 with AUM (Assets Under Management) growing by 32% YoY, NII (Net Interest Income) up by 47% YoY, and PAT (Profit After Tax) at ₹56 Cr despite challenges from heat waves and general elections. The company's total income increased by 40% YoY to ₹737 Cr, with Net Interest Income reaching ₹425 Cr, reflecting a 47% YoY growth. However, PAT declined to ₹56 Cr from ₹119 Cr in Q1FY24 due to elevated delinquencies and higher credit costs. The company remains confident in sustaining growth momentum and improving operational efficiencies throughout the year(Prakash, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/070986d5-eb2a-4a11-9a1c-55db7af0e025.pdf |
RAJOO ENGINEERS LTD. reported impressive financial results for Q1 FY25 with Revenue at Rs. 50.87 crore, EBIDTA at Rs. 7.12 crore, and PAT at Rs. 5.34 crore, showing significant YoY growth. The company showcased a strong performance with notable increases in key financial metrics such as revenue, EBIDTA, and PAT margins. Additionally, RAJOO ENGINEERS LTD. unveiled a facility expansion in Rajkot, aiming to boost manufacturing capacity by 30%. The launch of the Proex series of high-performance blown film lines further highlights the company's commitment to technological advancement and innovation. https://www.bseindia.com/xml-data/corpfiling/AttachLive/20efc363-a11a-4905-a8ee-7d5066b6faa7.pdf |
IDFC First Bank Ltd reported a Q1 FY25 PAT of Rs. 681 crores, with a 30.2% YoY increase in Core Operating Profit. Total Deposits surged by 35.8% YoY to Rs. 2,09,666 crore, while Customer Deposits grew by 37.8% YoY to Rs. 2,04,572 crore. Loans and Advances rose by 22.0% YoY to Rs. 2,09,361 crore. The Gross NPA improved to 1.90% and Net NPA to 0.59%. Net Interest Income (NII) increased by 25% YoY to Rs. 4,695 crore, and Provisions rose by 109% YoY to Rs. 994 crore. (IDFC First Bank Ltd_7/27/2024_16, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ba76f45e-e2e1-4249-9dc1-880f094044ac.pdf |
7. New AcquisitionExicom Tele-Systems Ltd has announced the incorporation of a step-down wholly-owned subsidiary, Tritium Power Solutions Inc., in Delaware, USA, through its wholly-owned subsidiary, Exicom Power Solutions B.V. This new entity, established on July 25, 2024, will focus on Electric Vehicle Supply Equipment (EVSE) and the telecom industry. The initial subscription involves 15,000,000 shares at $**1** each, fully subscribed by Exicom Power Solutions B.V. Tritium Power Solutions Inc. will engage in activities such as electric vehicle charging stations, solar energy systems, and battery trading. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b247013-cefe-4cd5-89fe-373a5a385450.pdf |
SAT Industries Ltd. has announced the acquisition of M.R. Organisation Limited (MRO), a tech-based last-mile utility service provider established in 1984. The acquisition involves a 90% stake in MRO, to be completed in four tranches. The first tranche is funded entirely through internal accruals at a cost of INR 115.47 Crores. |
PVR Inox Ltd has announced the incorporation of an associate company named Devyani PVR INOX Private Limited on July 26, 2024. This new entity, formed in collaboration with Devyani International Limited, will focus on the development and operation of food courts within shopping malls across India. |
Devyani International Ltd has announced the incorporation of a new subsidiary, Devyani PVR INOX Private Limited, on July 26, 2024. This entity, formed in collaboration with PVR INOX Limited, will focus on developing and operating food courts within shopping malls across India. Devyani International Ltd holds a 51% stake, while PVR INOX Limited holds 49%. The authorized capital for the new subsidiary is Rs. 10,00,000, divided into 1,00,000 equity shares of Rs. 10 each. The initial subscription involves 5,100 equity shares at Rs. 10 each, amounting to Rs. 51,000 for Devyani International Ltd. This strategic move aims to explore long-term opportunities in the food and beverage sector within Indian shopping malls. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e56e382-5f52-4a34-818e-649769f51176.pdf |
Strides Pharma Science Ltd recently incorporated a step-down wholly owned subsidiary in New Zealand named Strides Pharma New Zealand Pty Limited. The new entity will hold market authorizations for pharmaceutical products in New Zealand and engage in trading activities. Strides Pharma Global Pte. Limited, Singapore, holds 100% share capital of the new entity. The new entity was formed on July 26, 2024, with a registered company number of NZBN: 9429052241956. It was formed with a capital of NZD 15,000. (Source: Strides Pharma Science Ltd, July 27, 2024) https://www.bseindia.com/xml-data/corpfiling/AttachLive/ac6d24e1-d3c7-453f-99dd-17d1688d9e33.pdf |
8. Credit RatingsIRIS Business Services Ltd has received an upgrade in its credit ratings from ICRA Limited as of July 26, 2024. The long-term rating has been upgraded to [ICRA]BBB- (Positive) from [ICRA] BB+, and the short-term rating has been upgraded to [ICRA]A3 from [ICRA]A4+ for its bank facilities totaling Rs. 18.25 crores. Specifically, the ICICI Bank Cash Credit limit of Rs. 11.75 crores is rated [ICRA]BBB- (Positive), and the ICICI Bank Non-fund Based Limits, Bank Guarantee of Rs. 5.00 crores and Forward Contract of Rs. 1.50 crores are rated [ICRA]A3. https://www.bseindia.com/xml-data/corpfiling/AttachLive/47c60d74-7532-4039-802b-d3287a216952.pdf |
Authum Investment & Infrastructure Ltd has been assigned a '**CRISIL A-/Stable**' rating for its long-term bank facilities up to Rs. 1000 Crore as of July 26, 2024. The rating reflects the company's comfortable capitalization, with a net worth of Rs. 10,345 crore as of March 31, 2024, and a gearing ratio of 0.1 times. |
APIS INDIA LTD., mentions the credit ratings assigned by Care Ratings Limited for the company's bank facilities. The long-term bank facility was rated BBB with a stable outlook, while the short-term bank facility was rated A3+. The ratings were affirmed by Care Ratings Limited on July 27, 2024. The necessary information for the rating process was provided by APIS INDIA LTD.'s Managing Director, Amit Anand. Care Ratings Limited reserves the right to review and revise the ratings based on various factors and events. (APIS INDIA LTD._7/27/2024_58, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3806e991-93d6-46b5-9aff-3788bf7192cf.pdf |
INDIA CEMENTS LTD. has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the sale of its stake in India Cements Capital Limited (ICCL). ICL Financial Services Limited (ICLFSL) and ICL Securities Limited (ICLSL), wholly-owned subsidiaries of INDIA CEMENTS LTD., sold their combined 47.92% shareholding (1,04,00,000 equity shares) in ICCL to Sri Saradha Logistics Private Limited (SSLPL) on 27.07.2024. The transaction, valued at Rs. 22,26,64,000, was conducted at arm's length, with the share price determined per SEBI regulations. Consequently, ICCL ceased to be an associate of INDIA CEMENTS LTD. from the same date. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9780ae3-7215-4e1a-9c95-892618104c38.pdf |
9. ResignationsAsahi Songwon Colors Ltd. held a Board meeting on July 27, 2024, where they approved several key decisions. The company reported standalone unaudited financial results for the quarter ended June 30, 2024, with a revenue from operations of ₹8,983.21 lakhs and a net profit of ₹564.78 lakhs. They also announced the reappointment of Mr. Arjun Gokul Jaykrishna as Executive Director and the appointment of Mr. Anil Jain as an Independent Director. Additionally, Mr. Alok Jhawar resigned as CFO, and Mr. Pratik Shah was appointed as the new CFO effective September 10, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aabb998e-66c2-4578-95a1-9cd6a5de11b6.pdf |
White Organic Retail Ltd has announced significant changes in its Board of Directors as per the intimation under Regulation 30 (6) of SEBI Listing Regulations. effective July 26, 2024, Mr. Syamdas Sivadas (DIN: 10648580) has been appointed as an Additional Executive Director, and Ms. Gopika Raman (DIN: 10700025) as an Additional Non-Executive Non-Independent Director. Concurrently, Ms. Ishita Gala (DIN: 07165038) has resigned from her position as Managing Director, and Mr. Tejas Chheda (DIN: 07799005) has resigned as a Non-Executive Director, both effective from the close of business hours on July 27, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fc69eaf8-316d-4772-87f6-443ea5f601d3.pdf |
Stratmont Industries Ltd announced the resignation of its Managing Director, Mr. Vineet Kumar (DIN: 10179396), effective from July 27, 2024. The resignation is due to Mr. Kumar's preoccupation with other commitments. The company has confirmed that there are no other listed entities where Mr. Kumar holds directorship or committee memberships, and he does not hold any shares in Stratmont Industries Ltd. The resignation letter was addressed to the Board of Directors, requesting immediate relief from his duties and the necessary filings with the Registrar of Companies. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b22b4d72-ebcc-4701-8c5a-41fdab444b69.pdf |
Interia Steel Ltd. announced the resignation of its statutory auditors, Grandmark & Associates, effective from June 26, 2024, due to pre-occupation. The auditors had been appointed on May 25, 2024, and their term was set to expire on September 30, 2024. The latest audit report submitted by the auditors was for the quarter ended June 30, 2024. The resignation was formally communicated to the Board of Directors, and it was acknowledged by the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ac093fcf-9e9f-4be3-9ddc-fea399a16e62.pdf |
Palm Jewels Ltd has announced a forthcoming Board of Directors meeting scheduled for August 5, 2024. The agenda includes the approval of the Unaudited Financial Results for the quarter ending June 30, 2024, the resignation of the current Statutory Auditor A.K. Shah & Associates, and the appointment of new Statutory Auditors. Additionally, the company will appoint an internal auditor and discuss any other matters with the permission of the chair.**C.G. Road, Ahmedabad-380009, Gujarat, India.** |
INERTIA STEEL LIMITED announced the resignation of its Statutory Auditors, Grandmark and Associates, effective from June 26, 2024. The auditors cited pre-occupation as the reason for their resignation. Prior to their resignation, they had issued an audit report for the quarter ended June 30, 2024. There were no concerns or lack of information that led to the resignation, and no other material reasons were provided. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9d1ebcc9-6fa5-4ad2-b221-c2f7fcca7e40.pdf |
VISION CINEMAS LTD., it is mentioned that the company's statutory auditors, M/s Pradeep Kumar Devaraj & Associates, have tendered their resignation due to health concerns of their proprietor. The resignation was effective from July 26, 2024. The auditors completed the audit for the financial years ending March 31, 2023, and March 31, 2024, and will issue a limited review report for the quarter ending June 30, 2024. The resignation was in compliance with SEBI regulations and circulars. (**The Bombay Stock Exchange Ltd.**, Department of Company Affairs, Floor No.25, The Bombay Stock Exchange Ltd Floor No.25 & Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001, Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/4c30cc90-5e1e-4de4-94c9-837507dbaee2.pdf |
Multicommodity Exchange of India Ltd. (MCX) has announced a significant investment in its associate company, India International Bullion Holding IFSC Ltd. (IIBH). The Board of Directors of MCX approved subscribing to a rights issue of 20 crore equity shares at Rs. 1 each, totaling Rs. 20 crore. This investment will not exceed 20% of IIBH's paid-up capital and is subject to SEBI approval. |
NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD. has scheduled a Board Meeting on Wednesday, 31st July, 2024 at 2:00 p.m. to discuss and approve the sale of company land measuring 11111.35 sq. mt at Santej to directors Vrajlal J. Vaghasia and Jiten Vaghasia. Additionally, the Board will consider issuing a Notice of Extraordinary General Meeting for the same matter. (Sources: NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD. [Date]:[Number]) https://www.bseindia.com/xml-data/corpfiling/AttachLive/47a42cac-58b2-45dd-b25e-4db8a6e28fb9.pdf |
BENGAL & ASSAM COMPANY LTD. has received a first motion order from the NCLT Kolkata Bench regarding a Scheme of Arrangement involving Umang Dairies Limited, Panchmahal Properties Limited, and Bengal & Assam Company Limited. The order, dated July 26, 2024, directs the convening of a meeting of equity shareholders on September 27, 2024, via video conferencing to consider and approve the proposed scheme. The scheme involves the demerger of Umang Dairies Limited's dairy business into Panchmahal Properties Limited and the subsequent amalgamation of Umang Dairies Limited into Bengal & Assam Company Limited. The meetings for preference shareholders and unsecured creditors have been dispensed with due to prior consents. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6d96590d-e3be-41d8-8841-14b137396189.pdf |
IITL Projects Limited announced the termination of a Share Purchase Agreement (SPA) dated February 8, 2024, involving the acquisition of 94,07,067 equity shares (41.72% of the paid-up share capital) of Industrial Investment Trust Limited by Mr. Vikas Garg, Vikas Lifecare Limited, and Advik Capital Limited. The termination, effective July 26, 2024, follows the Reserve Bank of India's (RBI) decision to return the application for approval of the transaction. Consequently, the Acquirers will withdraw the open offer for IITL and IITL Projects Limited, in compliance with SEBI (SAST) Regulations, 2011. (Shivani & Kawle, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a5c34a4-bae8-4167-be7f-43e5c9e0eac2.pdf |
Industrial Investment Trust Ltd. announced the termination of a Share Purchase Agreement (SPA) dated February 8, 2024, with Acquirers Mr. Vikas Garg, Vikas Lifecare Limited, and Advik Capital Limited. The SPA involved the acquisition of 94,07,067 equity shares, representing 41.72% of the company's paid-up share capital, from the promoters Mr. Bipin Agarwal, N.N. Financial Services Private Limited, and Nimbus India Limited. The termination was necessitated by the Reserve Bank of India's (RBI) refusal to approve the change in shareholding and control due to regulatory concerns. Consequently, the Acquirers have withdrawn their open offer for IITL and IITL Projects Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b2a11b7-97e0-455c-84ca-42d9136550b9.pdf |
GE Power India Ltd has recently shared valuation reports and a fairness opinion related to the sale and transfer of its Hydro Business and Gas Power business on a going concern basis through a slump sale. The valuation reports were issued by GT Valuation Advisors Private Limited, and the fairness opinion was provided by RBSA Capital Advisors LLP. These reports, dated 10 July 2024, are now accessible on the company's website. For more information, you can access the reports through the following link: Valuation Report and Fairness Opinion (<Mumbai -400 001, Mumbai -400 001>, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/8c3fd90c-b571-409a-8ab5-e8ced81020b6.pdf |
10. Earning TranscriptsNitin Spinners Ltd. reported a revenue of INR 803 crores for Q1 FY25, reflecting a 30% year-on-year increase from INR 617 crores in Q1 FY24, driven by expansion efforts. |
Thyrocare Technologies Ltd reported a consolidated revenue of INR 157 crores for Q1 FY '25, marking a 16% year-on-year growth. The company's Pathology business saw a 16% increase in revenue, while the Radiology business grew by 15%. Thyrocare's Partnership business experienced a significant 29% growth, driven by new client acquisitions and existing account expansions. The company processed 41 million tests, serving 4 million patients, and achieved a 13% year-on-year growth in sample volumes. Thyrocare also announced the acquisition of Polo Labs Private Limited to strengthen its presence in North India. The EBITDA margin for the quarter stood at 29%, with a PAT growth of 35% year-on-year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7bebe88b-6ab3-4c3c-bbc4-15472087d152.pdf |
TRANSFORMERS AND RECTIFIERS (INDIA) LTD. has shown growth and stability in fiscal year 2025 with strategic initiatives in place. They secured orders worth Rs. 698 crores and raised Rs. 500 crores through a qualified institutional placement. The company aims to become debt-free with a focus on optimizing financial metrics. They are expanding their capacity for renewable energies and enhancing technical skills for leadership readiness. The company is well-positioned in India's energy sector with a strong emphasis on corporate governance and advanced technology. (To et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/2e28ddb0-ea91-4b11-ae19-2ef49f974ae5.pdf |
Vikas Lifecare Ltd has announced significant updates regarding its acquisition of Ebix Inc. The consortium led by Vikas Lifecare has remitted USD 14 million (INR 117 crores) on July 26, 2024, bringing the total payment to USD 35.75 million (INR 299 crores). Additional payments of USD 6.60 million (INR 55 crores) and USD 14 million (INR 117 crores) are scheduled within July 2024, with the final balance due by August 2024. |
Vikas Lifecare Ltd has announced significant updates regarding its acquisition of Ebix Inc. The consortium led by Eraaya Lifespaces Limited has remitted USD 14 million (INR 117 crores) on July 26, 2024, bringing the total payment to USD 35.75 million (INR 299 crores). Additional payments of USD 6.60 million (INR 55 crores) and USD 14 million (INR 117 crores) are scheduled for July 2024, with the final balance due in August 2024. The acquisition, valued at USD 361 million (INR 3,009 crores), includes 100% equity in Ebix and its global subsidiaries, subject to ongoing negotiations and approval by the U.S. Bankruptcy Court. https://www.bseindia.com/xml-data/corpfiling/AttachLive/643ddb1a-9bba-4148-a7b5-68271fd7e3c0.pdf |
Disclaimer: The article is for educational purposes only, offering general information and not professional advice. Efforts were made to present content accurately from news sources, but original publishers retain copyright. Readers should research and consult advisors before deciding. The author and publisher disclaim liability for losses from using this content; use at your own risk.