NSE BSE Stock Updates - Business Announcements, a deep analysis

Prudent Corporate Advisory Services Ltd has received approval from the Regional Director (RD), North Western Region, Ministry of Corporate Affairs (MCA) for the Scheme of Amalgamation with Prudent Broking Services Private Limited. The confirmation order, dated August 2, 2024, sanctions the merger under Section 233 of the Companies Act, 2013, and Rule 25 of the Companies (Compromise, Arrangement, and Amalgamation) Rules, 2016. The scheme will become effective upon submission to the Registrar of Companies within 30 days of the order. The appointed date for the merger is April 1, 2023, with compliance required under the Companies Act, 2013, and applicable tax laws. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b463c193-d391-4f90-861d-14484f1d2abb.pdf

Varroc Engineering Ltd has announced the amalgamation of its wholly-owned subsidiary, Varroc Polymers Limited, with itself. The scheme, approved by the Board of Directors on May 17, 2024, aims to enhance operational synergies, improve creditworthiness, and streamline the group structure. The appointed date for the amalgamation is April 1, 2024.

The transferor company, Varroc Polymers Limited, has a positive net worth of ₹**646 crores**, while the transferee company, Varroc Engineering Ltd, has ₹**891 crores** as of March 31, 2024.

The scheme involves no new share issuance or reorganization of share capital, and meetings of equity shareholders and creditors have been dispensed with by the National Company Law Tribunal (NCLT). https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7956cc4-e7a8-4be3-8860-676ca0adb549.pdf

Rossell India Ltd. has announced the approval of a Scheme of Amalgamation with BMG Enterprises Limited by the National Company Law Tribunal (NCLT), Kolkata Bench, effective from July 1, 2022. The merger aims to streamline the shareholding structure, reduce administrative costs, and leverage combined assets for a stronger business. The scheme has received "no objection" letters from both the National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange (BSE). All statutory formalities have been complied with, and the transfer of assets and liabilities will be completed within thirty days of receiving the certified order. (**National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, Bandra** and National Stock Exchange of India Ltd. Listing Department, Exchange Plaza Bandra). https://www.bseindia.com/xml-data/corpfiling/AttachLive/931060e4-b3ce-4dc9-b709-eb35556be0bf.pdf

Zaggle Prepaid Ocean Services Ltd has entered into a Customer Service Agreement with Baroda BNP Paribas Asset Management India Private Limited. The agreement involves providing the Zaggle Save platform, which focuses on employee expense management and benefits. This domestic contract will remain in force unless terminated as per the agreement terms. The promoter group has no interest in the entity awarding the contract, and it does not fall under related party transactions (Godkhindi et al., n.d). https://www.bseindia.com/xml-data/corpfiling/AttachLive/375d7a84-b100-4b91-98bc-561a73fca1c2.pdf

Family Care Hospitals Ltd has received an order from the Hon'ble High Court of Judicature of Mumbai dated July 31, 2024, uploaded on August 2, 2024. The order, under Writ Petition No. 1114 of 2024, challenges a previous order from May 3, 2021, by the Small Causes Court at Mumbai. The company was directed to deposit arrears of license fees amounting to ₹3,67,73,382 by September 30, 2024. Family Care Hospitals Ltd is currently taking appropriate actions in response to this directive. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4755cfb4-ff38-4892-b2a4-1541bf2b740d.pdf

2. Bonus Issue

Indo Cotspin Ltd has announced a Board meeting scheduled for August 7, 2024, to consider issuing bonus shares to equity shareholders. This move aims to comply with the Minimum Public Shareholding (MPS) requirements as per rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules (SCRR) and regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The trading window for designated persons and their immediate relatives will be closed from August 3, 2024, until 48 hours after the meeting concludes.

Further details will be available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1d3d4f9-0e18-4e9d-aa6f-e29aa5a6610f.pdf

3. Business Updates

CONTIL INDIA LTD. Board Meeting Outcome (August 2, 2024): The Board of Directors approved the sub-division of equity shares from a face value of Rs 10/- each to Rs 2/- each, enhancing liquidity and encouraging small investor participation. The authorized, paid-up, and subscribed share capital remains at Rs 3,20,00,000 and Rs 3,09,44,000 respectively, with the number of shares increasing from 32,00,000 to 1,60,00,000 authorized shares and from 30,94,400 to 1,54,72,000 paid-up and subscribed shares. The process is expected to complete within three months post member approval. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0ea295d7-1ee5-40ac-9b1a-b0ce591b458f.pdf

Shoppers Stop Ltd. has announced the commencement of operations from new stores as per Regulation 30 of SEBI (LODR) Regulations, 2015. The company has started operations at Intune KLK, Hyderabad and Intune Brigade Orion Mall, Bengaluru on August 02, 2024. additionally, new stores are expected to commence operations at Intune Gulshan, Noida on August 03, 2024, Intune R Cube Ircon, Noida on August 05, 2024, and Intune OCP Mall, Noida and Intune PVS Mall, Meerut on August 08, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/003c7b87-82fc-490f-aeb1-f5f766307ae9.pdf

Vedant Asset Limited recently approved the divestment of 100% shares of Kartik Credit Private Limited, making it no longer a wholly owned subsidiary. The board emphasized compliance with SEBI regulations to avoid future non-compliance issues.

The company reported a turnover contribution of 83.6% and a net worth contribution of INR 3,59,653 in FY23-24. The net worth contribution percentage was 0.660%.

These financial details were discussed during the last financial year's meeting on 18th July. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc039e9e-98ee-4a8d-ae91-73a57d69427f.pdf

Ram Ratna Wires Ltd. has announced several key developments as of August 2024. The Board of Directors approved the appointment of Shri Hitesh Laxmichand Vaghela and Shri Ashok Kumar Goel as Additional Directors. Additionally, the company plans to enter a Joint Venture Agreement with Epack Durable Limited, reducing its stake in Epavo Electricals Private Limited from 74% to 50%. Significant investments are also planned for the Bhiwadi and Silvassa plants. With an estimated Rs. 700 Crores allocated for the Bhiwadi plant over three years and Rs. 40 Crores for capacity addition at the Silvassa plant by March 2025. https://www.bseindia.com/xml-data/corpfiling/AttachLive/07e7e052-8576-4a10-a973-5adaca7e7ddd.pdf

4. Investor Presentation

IFB Industries Ltd. reported a robust performance for Q1 FY 25, with a 17% revenue growth to ₹1,244.44 crore and a 113% increase in EBITDA to ₹86.55 crore (East et al., n.d.). The company's net profit margin improved to 3.12%, driven by better cost control and margin improvements (East et al., n.d.). Key divisions like Home Appliances and Engineering showed significant growth. The Home Appliances Division achieved an 18% revenue increase and a 129% rise in EBITDA (East et al., n.d.). The Engineering Division also saw a 10% revenue growth and a 35% increase in EBITDA (East et al., n.d.). The company maintained a positive net cash balance of ₹330.30 crore and reduced its debt burden, positioning itself for future expansion (East et al., n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/a09bf296-73e2-4926-856f-59682eef2f49.pdf

Aeroflex Industries Ltd reported improved financial results for Q1 FY25, with total income at Rs. 90.78 Cr, a 8.17% YoY increase (_Aeroflex Industries Ltd_8/4/2024_37, n.d.). EBITDA rose to Rs. 19.13 Cr with a margin of 21.07%, and PAT reached Rs. 12.41 Cr with a margin of 13.67% (_Aeroflex Industries Ltd_8/4/2024_37, n.d.). The company is expanding its metal bellows capacity to 300,000 pieces annually and increasing SS flexible hoses capacity to 16.5 Mn Mtrs by Dec-24 (_Aeroflex Industries Ltd_8/4/2024_37, n.d.). Aeroflex Industries Ltd's strategic focus includes inorganic acquisitions, entry into new industries like aerospace and robotics, and enhancing its product mix for higher margins (_Aeroflex Industries Ltd_8/4/2024_37, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/5e68ce2e-9f0c-4d0b-8bd3-28e51013065d.pdf

KSB Ltd participated in the Institutional Investors Meet on August 2, 2024, presenting significant updates and achievements. The company reported robust growth in the distillery and vegetable oil sectors. The Valves division achieved its highest sales and order intake for H1 2024.

Notable highlights include a 50% reduction in Scope 1 emissions and a 29% reduction in Scope 2 emissions for H1 2024. The company also showcased new products at major expos like Agri Intex 2024 and Chemtech Expo 2024, receiving an overwhelming response.

Additionally, KSB Ltd's Shirwal Plant earned the ISO 19443:2018 certification, marking a significant milestone in the Indian pump industry. https://www.bseindia.com/xml-data/corpfiling/AttachLive/62f71e83-d410-44d1-aaa3-93e71e71f467.pdf

LIC Housing Finance Ltd. reported its Q1 FY25 results with a net profit after tax of Rs. 1300.21 crores, a slight decrease from Rs. 1323.66 crores in Q1 FY24. The net interest income for the quarter stood at Rs. 1989.08 crores, down by 10% from the previous year. Total disbursements increased by 19% to Rs. 12915 crores. Individual home loan disbursements rose by 16% to Rs. 10932 crores. The outstanding loan portfolio grew by 4% to Rs. 288665 crores. The net interest margin for Q1 FY25 was 2.76%, compared to 3.21% in Q1 FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f192b1f1-f77f-4b87-9501-4b40facc6065.pdf

AARTI INDUSTRIES LTD. presented its 41st Annual General Meeting on August 2, 2024, highlighting its robust performance and strategic initiatives. The company, established in 1984, specializes in Benzene & Toluene-based derivatives with integrated operations and strong R&D capabilities.

Key achievements include entering long-term supply contracts worth over Rs. 9,000 crore and forming a 50%-50% JV with UPL Ltd. for specialty chemicals.

The company operates 16 manufacturing plants, serves 1,100+ customers globally, and has a strong focus on sustainability with 11 Zero Liquid Discharge Plants.

Future growth is driven by expanding capacities and new strategic opportunities, with a significant focus on sustainable and green products. https://www.bseindia.com/xml-data/corpfiling/AttachLive/27becc6a-3737-4609-bc09-ff72ce46ce3f.pdf

Ram Ratna Wires Ltd. has demonstrated consistent performance in Q1 FY 2024-25, with production reaching 8,751 MT, a 9.3% YoY increase. Revenue from operations grew by 17.4% YoY to ₹**757.6 Crores**, while PAT increased by 2.1% YoY to ₹**10.0 Crores**. Despite a decline in EBITDA by 0.5% YoY, the company maintained strong financial indicators with a RoCE of 21.8% and a RoE of 12.6%. The company’s investments in subsidiaries have started contributing to topline numbers, with consolidated revenue up by 23.1% YoY and EBITDA up by 44.7% YoY. The Bhiwadi manufacturing facility is progressing well, with civil work nearing completion and machinery installation set to commence soon. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a01d3be6-9418-435a-b0fe-e1489460a18e.pdf

MedPlus Health Services Ltd reported a revenue of ₹**14,888 million** for Q1 FY2025, marking a 15.9% year-over-year increase. The company added 37 net new stores, bringing the total to 4,444 stores as of June 30, 2024. Gross margin stood at 22.1%, with an operating EBITDA of ₹**434.6 million**, reflecting a 2.9% margin. MedPlus continues to expand its private label offerings, now featuring over 880 SKUs, contributing to higher margins and customer retention. The company maintains a strong presence in 10 states, serving over 650 cities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4ec1ac0b-8d24-46bb-9bb7-2cdd3ec15fb2.pdf

Prataap Snacks Ltd reported a revenue of INR 4,214 million in Q1 FY25, marking an 8.7% YoY growth. The improved consumer demand and easing macroeconomic pressures were the key drivers of this growth.

The company achieved an EBITDA of INR 300 million with a margin of 7.1%. Despite a significant rise in raw material costs, particularly potatoes, Prataap Snacks managed to maintain a healthy profit margin.

To mitigate the inflation impacts, the company is implementing strategic initiatives such as cost optimization, grammage adjustments, and recalibration of channel margins.

Despite the challenges, Prataap Snacks remains optimistic about future growth. The company is focusing on new product development, exports, and enhanced operational capacity from recently launched facilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3fc0e8c8-b73e-45f3-a7ee-73668dc5895e.pdf

SAMHI Hotels Ltd. reported a robust performance for Q1 FY25, showcasing a 13.0% YoY growth in RevPAR to ₹**4,276** and a 43.7% YoY increase in Consol. EBITDA (pre-ESOP) to ₹**2,934 million**. The company's total income surged by 33.5% YoY to ₹**2,568 million**, while PAT reached ₹**472 million**.

The key growth drivers included strong same-store performance, the positive impact of the ACIC acquisition, and strategic renovations and rebranding efforts. The company aims for a 10-15% targeted inventory growth YoY and an estimated 25% EBITDA addition from its high-visibility pipeline. https://www.bseindia.com/xml-data/corpfiling/AttachLive/715c8148-645c-4bf1-9797-75343f4b06e0.pdf

Deccan Health Care Ltdreported a revenue of ₹**1,318.6 lakh** for Q1 FY25, reflecting a 17.4% YoY growth despite a 17.5% QoQ decline). The company's EBITDA rose by 29.8% QoQ to ₹**87.0 lakh**, improving the EBITDA margin from 4.2% to 6.6%. PAT (Profit After Tax) surged to ₹**36.9 lakh**, a significant 2.9x increase from the previous quarter, with the PAT margin rising to 2.8%

Recent product launches, including OrganoWild Natural Iron Mango Slice, have been well-received, aiding regional distribution expansion and supporting the Anemia Mukt Bharat program. The company is also pursuing international expansion, with product registrations underway in GCC countries. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1fe59a3b-e1e2-4b73-a9c9-d0fc501d341a.pdf

Narayana Hrudayalaya Ltd reported consolidated operating revenues of INR 13,410 Mns for Q1 FY25, marking an 8.7% YoY and 4.8% QoQ increase (Narayana Hrudayalaya Ltd__8/4/2024_39, n.d.**)_. The company achieved a consolidated EBITDA of INR 3,274 Mns with a margin of 24.4%_, and a consolidated PAT of INR 2,015 Mns at a margin of 15.0%_(Narayana Hrudayalaya Ltd_**_8/4/2024_39, n.d._)_.

Key operational highlights include:

- 389 robotic surgeries and 40 TAVIs performed across group hospitals (Narayana Hrudayalaya Ltd**_8/4/2024_39, n.d._)_
- The protests net debt to equity ratio stood at 0.05 as of June 30, 2024 (Narayana Hrudayalaya Ltd**_8/4/2024_39, n.d._)_

Digital transformation initiatives have significantly enhanced patient safety and experience, with the patient app crossing 1.8 Mn downloads (Narayana Hrudayalaya Ltd**_8/4/2024_39, n.d._)_._ https://www.bseindia.com/xml-data/corpfiling/AttachLive/663dae70-2639-4f5f-9fe0-9fd1bd945958.pdf

DHAMPUR SUGAR MILLS LTD. has shown a drop in sugar sales quantity in Q1 FY 25, resulting in lower revenue share from the sugar business compared to Q1 FY 24. Moreover, there was a decrease in ethanol sales quantity due to no syrup/BH in Q1 FY 25, leading to a decline in revenue/EBIT share from the ethanol business compared to Q1 FY 24.

The financials for FY 24 and Q1 FY 25 show variances in revenue and EBIT for different business segments like sugar, power, ethanol, chemicals, and potable spirits.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/3bed08b5-1477-478b-8e7c-9661e13dbcf3.pdf

THERMAX LTD. has announced significant updates as of August 02, 2024. The shareholders approved the continuation of Mrs. Meher Pudumjee as a Non-Executive, Non-Independent Director until March 31, 2029. Additionally, the Object Clause of the Memorandum of Association was amended to include new business activities such as manufacturing and dealing in various industrial and agricultural machinery, water treatment plants, air pollution control systems, and renewable energy projects. The company has also been recognized with several awards, including the '**Golden Peacock Award for Excellence in Corporate Governance**' in 2023 and the 'Best Business led by a Woman' award at the Moneycontrol Indian Family Business Awards 2022. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e184b46e-062c-4e4a-bd05-d2359cd09d45.pdf

5. Acquisition

Vikalp Securities Ltd. has announced a post-offer advertisement following an open offer to acquire up to 7,93,500 equity shares, representing 26.00% of its total issued, subscribed, and paid-up capital. The offer was made by Deepakbhai Patel, Kamuben Patel, and Priyam Shah. The offer opened on July 16, 2024, and closed on July 30, 2024. The payment of consideration was completed by August 13, 2024. Post-offer, the acquirers' shareholding increased to 47.71%, while the public shareholding remained at 52.29%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a9287868-6771-4c78-875f-45816989108a.pdf

Bigbloc Construction Ltd has scheduled a Board Meeting on Wednesday, August 07, 2024, at 11:00 a.m. at its registered office. The primary agenda includes considering and approving the preferential allotment of shares for its wholly-owned subsidiary, Starbigbloc Building Material Limited, on a private placement basis. Additionally, any other business matters will be addressed with the Chairperson's permission. https://www.bseindia.com/xml-data/corpfiling/AttachLive/895aca28-6a7a-4e2a-9536-091a1457f1c9.pdf

Comfort Fincap Ltd. announced the outcome of its Board Meeting held on August 02, 2024. The Board approved the unaudited financial results for the quarter ended June 30, 2024, with a total income of ₹**401.58 lakhs** and a net profit of ₹**192.49 lakhs.** Additionally, a final dividend of ₹**0.10** per equity share was recommended. The company also plans to increase its authorized share capital from ₹**15 crores** to ₹**25 crores** and raise funds through the issuance of up to 4.38 crore share warrants at ₹**9 each, aggregating to ₹**39.42 crores,** subject to shareholder approval. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dfa8c378-260b-4ee3-ae2b-d5cccdac0791.pdf

6. Press Releases

Allcargo Gati Ltd reported its unaudited financial results for Q1 FY25, showcasing a gross margin increase to 27% from 26% in Q4 FY24. The EBITDA for the quarter stood at ₹20 crores, marking an 11% YoY and 33% QoQ growth. The company remains debt-free with a positive cash position of ₹196 crores following a successful QIP of ₹169 crores. Volume growth was recorded at 3% YoY despite a strong base. The company has also appointed Mr. Ketan Kulkarni as the Deputy Managing Director of GESCPL, enhancing its managerial strength. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e314e71f-ae64-41ce-bd36-0f3e6bf206e7.pdf

SAMHI Hotels Ltd. reported impressive financial results for Q1 FY25, showcasing strong market demand and operational efficiency. The company achieved a total revenue of Rs. 2,568 Mn and a consolidated EBITDA of Rs. 934 Mn, marking a 43.7% YoY increase. RevPAR grew by 13.0% YoY, reflecting robust performance in core markets. The integration of ACIC contributed to a ~520 bps margin improvement, and the rebranding of ACIC hotels is expected to further enhance contributions. With a solid liquidity position and strong free cash flows, SAMHI Hotels Ltd. is well-positioned for continued growth through new hotel openings, renovations, and a robust pipeline in key markets. https://www.bseindia.com/xml-data/corpfiling/AttachLive/603b7ee0-3b06-4a90-b87b-fa9984610670.pdf

Dhanuka Agritech Ltd. reported a significant financial performance for Q1 FY25, with a net profit increase of 48.5% YoY to Rs. 48.90 crore. Revenue from operations grew by 33.7% YoY to Rs. 493.58 crore, while EBITDA surged by 64.5% to Rs. 71.72 crore. The company's total income for the quarter was Rs. 500.71 crore, up from Rs. 375.72 crore in the same period of FY24.

The positive performance was attributed to increased demand across product categories, timely monsoon arrival, and reduced inventory levels. The management is optimistic about continued growth and improved EBITDA margins in the upcoming quarters. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ebcb946e-956c-4e3a-861f-905b457ba03a.pdf

Mafatlal Industries Limited reported its unaudited financial results for Q1 FY25, showing a revenue decline of 22.8% YoY to INR 451.8 Cr and a 40.9% QoQ drop. The company is based in Navrangpura, Ahmedabad 380009. Despite this, the company achieved a significant 85.6% YoY increase in Operating EBITDA to INR 28.3 Cr, driven by high-margin institutional orders. As of June 30, 2024, the company's gross debt reduced to INR 599 Cr, from INR 817 Cr on March 31, 2024. Additionally, the Board approved an interim dividend of INR 1 per equity share for FY25. https://www.bseindia.com/xml-data/corpfiling/AttachLive/71ce0256-f620-4d68-a7e7-43c71977a7cb.pdf

Dalmia Bharat Sugar and Industries Ltd reported a robust revenue growth of 15% YoY to Rs. 960 Cr in Q1 FY25. The domestic sugar sales volume surged by 29% YoY to 1.64 LMT, with an average sugar sales realization of Rs. 38.9 per Kg, marking a 6% YoY increase. However, there was a reduction in distillery sales volumes by 16% YoY to 4.3 Cr Liters. The company significantly reduced its total debt from Rs. 1,431 Cr to Rs. 848 Cr as of March 31, 2024. The Board has also approved the expansion of sugar capacity and the establishment of a new distillery, enhancing the company's production capabilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3db1c610-f769-4470-87d3-fdac6b803e28.pdf

Narayana Hrudayalaya Ltd reported its financial results for Q1 FY25, showcasing a consolidated operating revenue of ₹13,410 million, reflecting an 8.7% YoY growth. The EBITDA stood at ₹3,274 million, marking a 14.6% YoY increase, with a margin of 24.4%. The PAT was ₹2,015 million, translating to a 9.5% YoY growth. The India revenue was ₹10,855 million, up by 9.7% YoY, while the Cayman revenue was ₹2,674 million, a 4.8% YoY increase. The company also highlighted significant medical achievements, including advanced surgeries and procedures across its hospitals. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b85b92e-cf6e-476a-b0b5-4e2c242bcf5c.pdf

TAJGVK HOTELS & RESORTS LTD reported strong financial performance in Q1 FY 2024-25 with a revenue of INR 94.70 Cr, EBITDA Margin of 30%, and a 12% increase in RevPAR to Rs. 6075 compared to the previous year.

The company undertook renovations at Taj Deccan and plans to renovate 24 rooms by August 31, 2024.

**Green Woods Palaces and Resorts Private Limited**, a JV company, reported a record income of INR 53.04 Crore with an EBITDA of INR 21.18 Crore in Q1 FY 2024-25.

**TAJGVK** and its JV company have 5 Taj branded hotels in their portfolio. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cf4030e1-45dc-4553-a71f-9c8e73bff947.pdf

Kesar India Ltd has incorporated a wholly owned subsidiary, named Kesar Green Power Private Limited, in Nagpur, Maharashtra on August 02, 2024. The new entity, with an authorized capital of Rs. 5,00,000 divided into 5,000 equity shares of Rs. 100 each, aims to diversify into the Electric Power Transmission sector. The initial subscription money will be infused in the form of cash, acquiring 1,000 equity shares at a face value of Rs. 100 each, resulting in 100% shareholding. The subsidiary is yet to commence business operations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7666de99-2211-4410-883c-a405f67ba495.pdf

Entero Healthcare Solutions Ltd has announced significant acquisitions as per the meeting held on August 02, 2024. The company will acquire:

- Gourav Medical Agencies Private Limited (GMAPL),
- Sai Pharma Distributor Private Limited (SPDPL),
- and Srinivasa Lifecare Private Limited (SLPL).

**GMAPL**, incorporated on July 05, 2024, will be acquired for INR 80,000 through cash consideration. The acquisition is expected to complete by September 30, 2024.

**SPDPL**, with a turnover of INR 2,221 million for FY 2023-2024, will be acquired for INR 77.2 crore, representing 70% of its equity.

**SLPL**, also incorporated on July 05, 2024, will be acquired for INR 70,000. The acquisition is to be completed by September 30, 2024.

These acquisitions aim to expand Entero Healthcare's business footprint in Rajasthan and Telangana, enhancing its revenue and market presence. https://www.bseindia.com/xml-data/corpfiling/AttachLive/25ed64f7-0917-473d-b2b5-7eed4fb6b6fd.pdf

Samvardhana Motherson International Ltd has announced the acquisition of a 34% stake in Motherson Auto Solutions Limited (MASL) from Sojitz Corporation. This makes MASL a wholly-owned subsidiary through Samvardhana Motherson Innovative Solutions Limited (SMISL). The acquisition, valued at INR 2,365 million, is expected to close by August 21, 2024.

**MASL**, incorporated on December 09, 2004, operates an Industrial Park in Chennai with a land bank of 270 acres and necessary infrastructure. The book value of MASL's building and inventory as of March 31, 2024, is INR 3,925 million, with a turnover of INR 90.64 million for the financial year ending March 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c0d59bc7-7dae-46c9-985f-023c1832d6ce.pdf

7. Credit Ratings

Walchandnagar Industries Ltd. has been assigned a long-term rating of ACUITE BB | Stable and a short-term rating of ACUITE A4+ by ACUITE Ratings and Research Limited for its bank loan facilities totaling Rs. 635 Cr.

The company, with a history of over 100 years, operates in strategic sectors like Defense, Nuclear, Missiles, Aerospace, and industrial products.

Despite a decline in revenue by 7.44% in FY24 due to a 43-day strike, the company maintains a healthy order book of Rs. 543 Cr. And has improved its financial risk profile with a net worth of Rs. 360.63 Cr and a gearing ratio of 0.67 times.

The liquidity position is adequate, supported by net cash accruals and a current ratio of 1.25 times. https://www.bseindia.com/xml-data/corpfiling/AttachLive/012e81e7-718f-4267-91a7-e8a2fad9d86b.pdf

Bondada Engineering Limited has recently experienced an upgrade in its credit rating by CRISIL, reflecting improved financial stability. The company's long-term rating has been elevated to CRISIL A-/Stable from BBB+/Positive, and its short-term rating has been upgraded to CRISIL A2+. This enhancement pertains to the company's banking facilities, which have increased from INR 283 Cr to INR 483 Cr. This development signifies Bondada Engineering Limited's strengthened creditworthiness and financial health. For more details, visit their official website.Certainly! Here is the bolded version of the paragraph:

**Bondada Engineering Limited** has recently experienced an upgrade in its credit rating by CRISIL, reflecting improved financial stability. The company's long-term rating has been elevated to CRISIL A-/Stable from BBB+/Positive, and its short-term rating has been upgraded to CRISIL A2+. This enhancement pertains to the company's banking facilities, which have increased from INR 283 Cr to INR 483 Cr. This development signifies Bondada Engineering Limited's strengthened creditworthiness and financial health. For more details, visit their official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/856b55d1-d2c1-4176-888a-68388ba679c9.pdf

Jyothy Labs Ltd has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Sanjay Agarwal, effective from the close of business hours on August 21, 2024. Mr. Agarwal, who has served the company for six years, is stepping down to explore an external opportunity. The company has expressed its appreciation for his contributions during his tenure. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further details were provided in Annexure I and II of the official communication. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a704f66d-c920-4290-9028-7fda08696b9f.pdf

SULABH ENGINEERS & SERVICES LTD. announced the resignation of their statutory auditors, Satish Soni & Co., effective August 2, 2024, due to personal reasons. The Board of Directors, based on the Audit Committee's recommendations, accepted the resignation and expressed appreciation for the auditors' contributions. Subsequently, M/s Ranjit Jain & Co. was appointed to fill the vacancy, subject to shareholder approval at the upcoming Annual General Meeting. The resignation and appointment details were disclosed in compliance with SEBI regulations and will be available on the company's corporate website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7cfbdd7-6598-414f-b2ac-81880d358ccc.pdf

Nakoda Group of Industries Ltd has announced a meeting of its Rights Issue Committee scheduled for August 07, 2024, to discuss subsequent calls on 50,90,056 partly paid-up equity shares. This follows the Board's approval on March 15, 2024, for issuing partly paid equity shares via a rights issue, in compliance with the Companies Act, 2013, especially the Section 42, and SEBI regulations. The company has also closed its trading window from July 01, 2024, until 48 hours after the financial results declaration, adhering to SEBI's insider trading regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e701b65-2e33-45af-960c-e0af9d46f35b.pdf

Tata Motors Ltd has received sanction from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, for a Scheme of Arrangement involving the reduction of share capital by canceling and extinguishing the '**A** Ordinary Shares'.

The scheme, approved on August 2, 2024, will see the issuance of 7 fully paid-up Ordinary Shares for every 10 canceled '**A** Ordinary Shares', simplifying the company's capital structure and preserving liquidity for growth.

The scheme will become effective upon filing the certified order with the Registrar of Companies. The company's net worth as of September 30, 2023, stands at INR 21,876.82 Crore. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7c455e3-12c6-4db6-a7d6-18997027778d.pdf

Tata Motors Ltd. has received sanction from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, for a Scheme of Arrangement involving the reduction of share capital by canceling and extinguishing the '**A** Ordinary Shares'. The scheme, approved on August 2, 2024, will see the issuance of 7 new Ordinary Shares for every 10 canceled '**A** Ordinary Shares'. This reorganization aims to simplify the capital structure, preserve liquidity, and be beneficial for all shareholders. The scheme will come into effect upon filing the certified order with the Registrar of Companies. The net worth of Tata Motors as of September 30, 2023, stands at INR 21,876.82 Crore. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7c455e3-12c6-4db6-a7d6-18997027778d.pdf

8. Earnings Transcript

Adani Total Gas Ltd has released the transcript of its Earnings Call for the quarter ended June 30, 2024. The call, held on July 29, 2024, discussed the company's unaudited financial results, both standalone and consolidated. The detailed transcript can be accessed through the provided web link. This update follows the initial intimation dated July 29, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa830af7-fc78-4686-8ac6-e51d083e39ff.pdf

IDFC First Bank Ltd reported a significant growth in deposits, reaching approximately ₹2 lakh crores, with retail deposits growing by 44% year-on-year from June 2023 to June 2024. The bank's CASA ratio stands at 46.6%, and its cost-to-income ratio is projected to decrease to 65% by FY27. In the quarter ended June 2024, the bank had a gross NPA of 1.9%, with net NPAs at 0.59%. The bank's capital adequacy ratio is 15.88%, with a CET1 ratio of 13.34%. IDFC First Bank Ltd has also reduced its high-cost legacy borrowings to about ₹10,000 crores, expecting further reductions by the end of the year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/02d5cc90-6638-472f-b922-1a7047cbeaf8.pdf

Mphasis Ltd. held its 33rd Annual General Meeting on July 25, 2024. Key highlights included the company's performance and strategic initiatives. The company achieved new TCV wins of 1.38billion∗∗inFY24, with 1.38 billion in FY24, and 177 million closed deals in Q4.

**Mphasis** has focused on AI integration and has partnered with Google, Microsoft Azure, and OpenAI. The company also launched the GenAI blueprint on Microsoft's Azure Marketplace. Mphasis also collaborated with Amazon Web Services to establish the GenAI Foundry.

Despite a 3.7% revenue drop in FY24, Mphasis remains committed to growth through AI-led innovations and strategic acquisitions. The Board recommended a final dividend of ₹**55 per equity share** for FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/229b7d68-b5cc-403f-9e38-87f5799ce9d2.pdf

GAIL (INDIA) LTD. has disclosed the link to the transcripts of its Q1 FY25 Earnings Call, held on July 31, 2024. This disclosure complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed transcript can be accessed here. https://www.bseindia.com/xml-data/corpfiling/AttachLive/de6399ec-f019-4e65-afbb-a9ec9b1431e3.pdf

Vaibhav Global Ltd has released updates on its Q1 & FY25 earnings conference call with investors and analysts, as per SEBI (LODR) Regulations, 2015. The financial results for the quarter ended 30th June 2024 were discussed. An audio recording of the call is available here. Sushil Sharma, Company Secretary, communicated the update on 2nd August 2024 (M. No.: FCS - 6535) (**Vaibhav Global Ltd_8/4/2024_20**, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ca1a403-a403-429f-9b89-53b1df6cec16.pdf

ICICI Bank Ltd. reported a robust financial performance for Q1 FY2025. The net interest income increased by 7.3% year-on-year to ₹**19,553 crore**, while the net interest margin stood at 4.36%. The profit after tax grew by 14.6% year-on-year to ₹**11,059 crore**. The total deposits saw a 15.1% year-on-year increase, reaching ₹**14,26,150 crore**. The domestic loan portfolio grew by 15.9% year-on-year, with the retail loan portfolio expanding by 17.1%. The net NPA ratio was maintained at 0.43%, reflecting strong asset quality. The capital adequacy ratio was 16.63%, indicating a solid capital position. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3d0c33ae-1ff1-4e16-974b-b3e8c9377dc5.pdf

Nuvama Wealth Management Ltd reported a strong financial performance for Q1 FY25, with a revenue of INR 668 crores, marking a 60% increase year-on-year. The company achieved an operating PAT of INR 221 crores, reflecting a 133% growth over the same period last year.

Notably, Nuvama Wealth Management declared its first dividend of INR 290 crores, which is approximately 50% of last year's profit. The company also saw significant growth in its client assets, which increased by 50% year-on-year to INR 3,89,000 crores.

The asset management segment reported an AUM of INR 7,700 crores, with a target to add INR 3,500 to INR 4,000 crores this year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/94e4d848-c474-450c-8621-c13b769d8f2c.pdf

I G Petrochemicals Ltd. has released the transcript of its Earnings Conference Call for the quarter ended June 30, 2024. The transcript is available on the company's website. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Sudhir R. Singh, has confirmed the availability of the transcript for stakeholders and investors. For more details, you can access the transcript directly here. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e868c80-4d0d-4235-b64b-0131434c85c2.pdf

Multicommodity Exchange of India Ltd. reported a consolidated income increase of 27% to INR 253 crores for Q1 FY-2025, up from INR 199 crores in the previous quarter. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.)

The operating income rose by 29% to INR 234 crores. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.)

The Average Daily Turnover (ADT) of commodity futures surged by 48% to INR 25,985 crores. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.)

The exchange's market share in commodity futures stands at approximately 98%. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.)

Additionally, the notional ADT of options increased by 29% to INR 1.47 lakh crores. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.)

The exchange also introduced new options contracts for Crude Oil mini and Natural Gas mini futures. (BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001. BSE Limited Department of Corporate Services, PJ Towers, Dalal Street, Mumbai -400 001, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/5c1bac64-f3ab-4887-bf8d-c7cb063ee6cb.pdf

Power Grid Corporation of India Ltd. (POWERGRID) reported significant achievements and financial performance for Q1 FY 2024-25. The Maharatna company under the Ministry of Power maintains a robust transmission network with 1,507 transmission lines spanning 177,000 circuit kilometers and 278 substations with a transformer capacity of 528,000 MVA. POWERGRID's interregional capacity stands at 99,580 MW, facilitating seamless power transmission across India.

The company reported a total income of ₹11,280 crores and a Profit After Tax (PAT) of ₹3,724 crores for Q1 FY 2024-25. POWERGRID secured ₹4,935 crores in tariffs by winning six out of ten projects with a total tariff of ₹7,045 crores.

The company is also focusing on sustainability, aiming for 50% electricity consumption from renewable energy by 2025 and achieving net zero by 2047. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e576323-37ed-4e89-83e8-264726c10963.pdf

Torrent Power Limited reported its unaudited financial results for the quarter ended June 30, 2024. During the earnings conference call with analysts and investors, the company discussed these results. The transcript of this call is available on their official website. This update follows their previous communication dated July 24, 2024, and complies with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3512fdef-6eee-4cd1-87ae-eb33bad78042.pdf

Tracxn Technologies Ltd reported its Q1 FY25 earnings, highlighting a revenue from operations of ₹20.5 crore and a total income of ₹21.9 crore, reflecting a 4% and 6% year-on-year growth respectively. The company achieved a positive EBITDA of ₹0.3 crore and a PAT of ₹1.3 crore, with EBITDA and PAT margins at 1.4% and 6.2% respectively.

**Tracxn's free cash flow** for the quarter was ₹3.6 crore, and cash and cash equivalents stood at ₹80.4 crore, marking an 18.4 crore increase year-on-year. The company added 101 new customer accounts in Q1 FY25, with a significant portion of its revenue (**60%**) coming from international markets. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5b4ed3aa-560b-4302-b3e6-2d83c9a8f5bb.pdf

Cholamandalam Investment and Finance Company Ltd has uploaded the transcript of its investors' earnings call for the quarter ended June 30, 2024. This follows their previous communication on July 29, 2024, regarding the availability of the audio link for the same earnings call. The transcript can be accessed on the company's website at this link: Cholamandalam Investment and Finance Company Ltd_8/4/2024_53. This update ensures transparency and provides detailed insights into the company's financial performance for stakeholders. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7ea6f00b-af41-44a6-a7f3-a31d0b1ef90d.pdf

ASHOK LEYLAND LTD. had a successful Analyst Call on July 26, 2024, discussing their financial results for the quarter ended June 30, 2024. The company reported record-high revenues, EBITDA, and PBT in Q1, showcasing strong financial performance. They highlighted a focus on profitability, market share growth in the truck and bus segments, and new product launches to enhance market position. Additionally, Ashok Leyland emphasized its sustainability commitment, progress in electric vehicles, and plans for future product launches to drive growth and innovation in the commercial vehicle industry. (ASHOK LEYLAND LTD._8/4/2024_56, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/47a5c729-8471-4e64-9b12-815afa158163.pdf

PUNJAB CHEMICALS AND CROP PROTECTION LTD. released an Audio Recording of the Earnings Call-Q1 of FY25 on August 2, 2024, related to the Unaudited Financial Results for the first quarter ended June 30, 2024. The recording is available on the company's website and can be accessed through the provided link. This disclosure was made in accordance with SEBI regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/10497a5f-3ef3-47e4-b467-7e7c8c3bb038.pdf

Samhi Hotels Ltd is extending a Corporate Guarantee of up to INR 80 crores to IndusInd Bank Limited for a rupee facility availed by its wholly owned subsidiary, Caspia Hotels Private Limited. The guarantee is provided on an arm's length basis in compliance with the Companies Act, 2013 and SEBI LODR Regulations. Samhi Hotels Ltd holds 100% of the paid-up capital in CHPL, and there is no impact of this corporate guarantee on the Company itself. (Jain, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1234787-4c41-4f51-83bd-4820302e136d.pdf