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Table of Contents
1.New Work Orders
Dhabriya Polywood Ltd announces that its wholly owned subsidiary, Dynasty Modular Furnitures Pvt. Ltd., has received a work order/LOI from the Godrej Group for the supply and installation of modular kitchens. The total value of this contract is ₹**2.20 Crore** (including GST). The project is scheduled to be completed within 12 months in various tranches as per the terms of the order. This is a domestic contract and does not involve any related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e98b87eb-28d8-4cf4-8847-75485305d4ca.pdf |
Dhabriya Polywood Ltd has announced the receipt of a work order/LOI from Radiance Realty Group for the supply and installation of uPVC windows and doors. The total value of this contract is ₹**2.96 Crore**, including GST. The project is scheduled to be completed within nine months in various tranches as per the terms of the order. This contract is a domestic order, and there are no related party transactions involved. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8947b1ef-f58f-4ed3-985c-933826b2ac78.pdf |
Krsnaa Diagnostics Ltd has been awarded a tender by Bhabha Atomic Research Centre (BARC) for providing Tele Reporting Services for Radiology at the BARC Hospital in Mumbai. This contract, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is a domestic project. The company is currently in the process of executing the contract, and the size of the contract cannot be estimated as it is a new project. There is no interest from the promoter group in the entity awarding the contract, and it does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c18075f0-ca89-48e2-8136-f8f7d67b8719.pdf |
IRCON International Ltd has been awarded a Letter of Award (LOA) by Rail Vikas Nigam Limited (RVNL) for a significant project. The project involves the design, supply, installation, testing, and commissioning of broad gauge ballastless track (BLT), along with the supply of ballast and installation of track (excluding supply of rails and track sleepers) between chainage 6+015 (FLS) to 125+200 (FLS) in connection with the new BG line between Rishikesh and Karanprayag (125km) in Uttarakhand, India. |
Ahluwalia Contracts (India) Ltd has recently secured asignificant project worth Rs. 572.00 Crores (excluding GST) from the Airports Authority of India. The project involves the construction of a new terminal building, allied structures, and external development works at Darbhanga Airport in Bihar, under the Engineering Procurement and Construction (EPC) model. The contract is domestic and is expected to be completed within 24 months. There is no interest from the promoter group in the awarding entity, and the contract does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/57e605ab-24b9-4d84-ac5a-5d1bd4c39c8a.pdf |
Kilburn Engineering Ltd. has secured orders and Letters of Intent (LOIs) worth Rs. 10,260 Lacs. This includes six rotary dryer packages for a reputed Carbon Black manufacturer, totaling Rs. 8,831 Lacs. Additional orders include a granulator for fertilizers (Rs. 350 Lacs), a fluid bed dryer for CPVC (Rs. 470 Lacs), VFBD and other equipment (Rs. 421 Lacs), and spares (Rs. 188 Lacs). In the first quarter ending June 30, 2024, the company has amassed orders amounting to Rs. 16,017 Lacs. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c33ee21e-b2ec-460f-91f4-3aa65a026389.pdf |
NBCC (India) Ltd has recently secured a work order valued at Rs. 36 crore for Project Management Consultancy (PMC) services. The project involves the supervision of construction and development of an incubation center at the National Institute of Technology (NIT), Patna. This contract is part of the company's regular business operations. For more details, visit the company's official website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef1dc7e7-f3be-4eb8-98e1-08c7b62d2969.pdf |
ESAF Small Finance Bank Ltd reported significant growth in its financial metrics for the quarter ending June 30, 2024. |
2. Business UpdatesUjjivan Small Finance Bank Ltd reported significant growth in its financial metrics for the quarter ended June 30, 2024. Total deposits increased by 22% year-over-year (YoY) and 3% quarter-over-quarter (QoQ) to ₹**32,500 crore**. The CASA book saw a robust 27% YoY growth, remaining stable QoQ at ₹**8,336 crore**,\ riding a CASA ratio of 25.6%. The Gross Loan Book grew by 19% YoY and 1% QoQ to ₹**30,091 crore**,\ while the Credit to Deposit ratio stood at 85.3%. Collection efficiency was strong at 98%, and the GNPA ratio was 2.3%, reflecting stable asset quality. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7a2ad883-7b57-419d-9962-2d07ade18aa3.pdf |
CNI Research Limited has announced a significant business update under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has signed a Strategic Technology Agreement with Seed Factory Pte. Limited, a Singapore-based software and applications development company specializing in emerging technologies such as Artificial Intelligence, Machine Learning, Blockchain, Fintech, and the Internet of Things. This partnership aims to leverage Seed Factory's expertise and capital market service license from the Monetary Authority of Singapore to enhance CNI Research's technological capabilities and market reach. |
Equitas Small Finance Bank Ltd reported a business update for the quarter ended June 30, 2024. The Gross Advances stood at Rs. 34,872 Crore, reflecting a YoY growth of 17.8% and a QoQ increase of 1.6%. The Total Deposits reached Rs. 37,524 Crore, marking a YoY growth of 35.4% and a QoQ rise of 3.9%. The CASA (Current Account Savings Account) amounted to Rs. 11,724 Crore, with a CASA Ratio of 31%. The Cost of Funds was reported at 7.46%. |
Sai Silks (Kalamandir) Ltd reported a turnover of approximately Rs. 267.29 crores for Q1 FY 2024-25, reflecting a 12.25% decline year-over-year. During this quarter, the company expanded its retail footprint by opening its 61st store under the brand "Kanchipuram Varamahalakshmi Silks" on June 13, 2024, in Salem, Tamilnadu, with a store size of 6,626 sft. This update is in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and is available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d4b6c4c0-3dbe-4bb8-aa00-3ef194c92264.pdf |
3. BuybacksKDDL Limited has announced a Board Meeting scheduled for Tuesday, 9th July, 2024, to consider a proposal for the buyback of fully paid-up equity shares of Rs. 10/- each. This decision will be made in accordance with 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 the company's shares by designated persons has been closed from Monday, 1st July, 2024, until 48 hours after the declaration of the unaudited financial results for the quarter ended 30th June, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a720bb42-56d6-4fac-a00e-2aae756f5a48.pdf |
Godawari Power & Ispat Ltd. has issued a corrigendum for the buyback of its equity shares through a tender offer. The buyback will be conducted as per the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, and the Companies Act, 2013. |
Bajaj Consumer Care Ltd announces buyback of up to 57,41,000 fully paid-up equity shares at a price of ₹**290** per share, aggregating to a maximum amount of ₹**16,649 lakhs**. |
Elecon Engineering Co. Ltd. has announced an alteration in its Capital Clause (Clause V) of the Memorandum of Association (MoA) following approval at the 64th Annual General Meeting held on June 25, 2024. The authorized share capital has been revised to Rs. 1,78,00,00,000, now divided into 45,50,00,000 equity shares of Re. 1/- each, 2,50,00,000 cumulative redeemable preference shares of Rs. 2/- each, and 1,27,50,000 non-cumulative non-convertible redeemable preference shares of Rs. 100/- each. This amendment aligns with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/50fabf51-e606-4d6e-9a68-a086624b6cad.pdf |
RUSHIL DECOR LTD. is a company based in India, with key locations in Mumbai and Ahmedabad. They recently made changes to their Memorandum of Association. The authorized share capital was amended from Rs. 40,00,00,000 divided into 4,00,00,000 equity shares of Rs. 10 each to Rs. 40,0,0,00,000 divided into 40,0,0,00,000 equity shares of Re. 1 each. These changes were approved by the shareholders through an Ordinary Resolution on July 03, 2024. |
Jaysynth Orgochem Limited (formerly known as JD Orgochem Limited) has undergone a significant transformation as per the Composite Scheme of Arrangement. This includes the reduction of capital and re-organization of reserves, as well as the amalgamation of Jaysynth Dyestuff (India) Limited and Jaysynth Impex Private Limited with and into JD Orgochem Limited. Effective from 03rd July, 2024, the company has officially changed its name to Jaysynth Orgochem Limited following the receipt of a fresh 'Certificate of Incorporation' from the Registrar of Companies. |
Dalmia Bharat Ltd announces commencement of commercial production of a new 1.0 MTPA cement unit at its Kadapa plant in Andhra Pradesh, increasing the company's total cement manufacturing capacity to 46.6 MTPA. The new unit, which began operations on July 3, 2024, required an investment of Rs. 207 Crores, financed through a mix of debt and equity. This expansion aims to meet the growing demand in the southern cement market. As of June 30, 2024, the company's capacity utilization stood at 63%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/75fda8fe-ed3a-45b0-8c0d-4b22f9bd09a8.pdf |
Raymond Ltd. announced the vertical demerger of itsReal Estate Business into its wholly owned subsidiary, Raymond Realty Limited (RRL), effective July 4, 2024. This strategic move will result in Raymond Ltd and RRL operating as separate listed entities**, with each Raymond Ltd shareholder receiving 1 share of RRL for every 1 share held. |
Raymond Ltd. has approved a Scheme of Arrangement involving the demerger of its real estate business into Raymond Realty Limited (RRL).The demerger aims to consolidate the real estate business under one entity, enhancing growth potential and attracting new investors. |
Raymond Ltd. has approved a Scheme of Arrangement involving the demerger of its real estate business into Raymond Realty Limited (RRL). The real estate business, which accounted for INR 1,59,265 lakhs or 24.16% of Raymond's total turnover as of March 31, 2024, will be consolidated under RRL. This restructuring aims to unlock the value of the real estate segment, attract new investors, and enable focused management. |
IL&FS Transportation Networks Ltd is dealing with the termination of the Concession Agreement for the MP Border Checkpost Development Project by its subsidiary, MP Border Checkpost Development Company Limited (MPBCDCL). |
4. FDA ObservationsZydus Lifesciences Ltd has received tentative approval from the USFDA to market Azilsartan Medoxomil Tablets in 40 mg and 80 mg dosages. This medication, an Angiotensin II receptor blocker (ARB), is used to treat hypertension, thereby reducing the risk of cardiovascular events such as strokes and myocardial infarctions. The tablets will be produced at Zydus's manufacturing facility in Ahmedabad SEZ - II, India. The annual sales for Azilsartan Medoxomil Tablets in the United States were USD 89 million as of March 2024. Zydus has achieved 398 approvals and filed over 460 ANDAs since FY 2003. https://www.bseindia.com/xml-data/corpfiling/AttachLive/00f79f35-a1c4-4140-982f-fff52eae7c1e.pdf |
Alembic Pharmaceuticals Ltd. has received tentative approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Ivosidenib Tablets, 250 mg. This approval is for a drug that is therapeutically equivalent to Tibsovo Tablets, 250 mg, by Servier Pharmaceuticals LLC. |
Raymond Ltd. has initiated the demerger of its Real Estate Business into its wholly-owned subsidiary, Raymond Realty Limited (RRL). This strategic move aims to position RRL as a pure-play listed real estate entity, while Raymond Ltd. will focus on its engineering business and denim joint ventures. |
Le Travenues Technology Ltd reported robust financial performance for FY24, with a Gross Transaction Value (GTV) of ₹102,825.49 million, reflecting a 38% YoY growth. The company achieved a Revenue from Operations of ₹6,558.73 million and an Adjusted EBITDA of ₹553.12 million. Notably, 480 million annual active users were recorded across its platforms, with significant contributions from its train, bus, and flight ticketing segments. The company also launched innovative services like the Generative AI-based Trip Planner (ixigo PLAN) and expanded partnerships with PhonePe and Meesho. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a65c927b-1080-4143-99de-53cd3ff34877.pdf |
SOMA PAPERS & INDUSTRIES LTD. is undergoing a significant transaction involving an open offer for the acquisition of up to 3,64,559 fully paid-up equity shares, representing 26.00% of its voting share capital, at a price of INR 12 per share. This offer is made by Mr. Narasimharao Anumala (Acquirer), along with Mr. Anumala Ramesh Choudary (PAC-1) and Ms. Anupama Anumala (PAC-2). The total consideration for this offer amounts to INR 43,74,708. The transaction is triggered by a Share Purchase Agreement (SPA) dated 13th March 2024, where the Acquirer and PACs agreed to acquire 6,94,130 equity shares, representing 49.50% of the voting share capital, from the existing promoters at INR 5 per share. The offer is compliant with SEBI (SAST) Regulations, 2011, and aims to take control over the management of the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/E01F4776-F2FB-43E6-800D-2F2550EDB862-173338.pdf |
Swadeshi Industries and Leasing Co. Ltd. is undergoing a significant change in control through an open offer. The acquirer, Mrs. Jayshree Radheshyam Sharma, aims to acquire up to 28,12,667 equity shares, representing 26.00% of the fully paid-up equity and voting share capital at a price of Rs. 2/- per share. This acquisition follows a Share Purchase Agreement (SPA) to buy 30,80,850 shares, constituting 28.48% of the company's equity. Post-offer, the acquirer will hold 54.48% of the company's shares, ensuring substantial control. The offer is not conditional upon any minimum level of acceptance and no statutory approvals are currently required. https://www.bseindia.com/xml-data/corpfiling/AttachLive/A028FCD6-A257-4A96-AFA9-CBEF79B6ED40-172550.pdf |
Agro Tech Foods Ltd. is a public listed company engaged in the manufacturing, distribution, marketing, and sale of packaged snacks, spreads, dips, breakfast cereals, chocolates, edible oils, and ready-to-cook popcorn and meal kits. The company markets its products under the Sundrop and Act II brand names. |
Sonata Software Ltd. has completed the merger of its wholly-owned subsidiaries, Sonata Software LLC, USA (formerly Sopris Systems LLC) and Sonata Software North America Inc. (SSNA). As of March 31, 2024, Sonata Software LLC reported a turnover of USD 71,103, while SSNA reported USD 166,838,265. |
IIRM Holdings India Limited (Formerly Known as Sudev Industries Limited) announced a significant change on July 4, 2024. The company informed BSE Limited that its step-down subsidiary, previously named Evexia Solutions Private Limited, has been renamed IIRM Wellness Services Private Limited following the necessary approvals. This change is part of the company's ongoing efforts to align its subsidiaries with its broader corporate identity and strategic objectives. https://www.bseindia.com/xml-data/corpfiling/AttachLive/92823f8e-7573-440a-9ea9-524de77aca08.pdf |
RailTel Corporation of India Ltd has secured a significant work order from Webel Technology Limited, valued at Rs. 23,96,16,993 (including tax). The order involves the upgradation and enhancement of existing IT and Non-IT DC infrastructure at WBSDC Monibandar. This domestic work order was received on 03-Jul-2024 at 7:00 and does not involve any related party transactions or interests from the promoter group. The disclosure is in accordance with SEBI regulations and was issued with the approval of ED/ER(Singh Marwah, n.d). https://www.bseindia.com/xml-data/corpfiling/AttachLive/f4d1dfbc-b38c-4fc5-9eca-e30b914235d3.pdf |
RKD Agri & Retail Ltd is the target company for an open offer initiated by Nilesh Malshi Savla and Meena Nilesh Savla. The acquirers aim to purchase up to 1,28,89,500 fully paid-up equity shares of RKD Agri & Retail Ltd at a face value of ₹**1/-** each for a cash price of ₹**1.12/-** per share, which includes an interest of ₹**0.12/-** per share. The total aggregate value of the offer is ₹**1,44,36,240/-**. This open offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Saffron Capital Advisors Private Limited has been appointed as the manager for this open offer. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7B117994-2F78-48C3-8EC3-4FA8080CDEB2-120903.pdf |
JHS Svendgaard Laboratories Ltd. held its Extra-Ordinary General Meeting (EGM) on July 04, 2024, from 1:00 P.M. to 1:28 P.M. via Video Conference (VC) and Other Audio-Visual Means (OAVM). The meeting, chaired by Mr. Rajagopal Chakravarthi Venkateish, included key resolutions such as the issuance of equity shares to non-promoter categories and fully convertible warrants to both promoter and non-promoter categories on a preferential basis. The company adhered to relevant SEBI and MCA circulars, ensuring compliance with the Companies Act, 2013. Voting was facilitated through NSDL's remote e-voting system, and the results were to be announced post-EGM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/69e4e095-0037-4b45-887b-351db9b616fb.pdf |
Outcome of Board Meeting for KKRRAFTON Developers Ltd |
Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank Limited from 1,42,01,484 equity shares to 20,02,36,384 equity shares. This change represents an increase from 0.20% of the pre-issue paid-up capital to 2.68% of the post-issue paid-up capital of the company. This transaction was conducted on a preferential basis and is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details are available on the LIC website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/066c9aab-8af2-4205-a1d9-c93c6caf65be.pdf |
Lloyds Metals and Energy Ltd. has announced the issuance and allotment of 4,00,00,000 Convertible Warrants on a preferential basis to promoters and non-promoters, priced at Rs. 740 each, aggregating to Rs. 2960 Crores. The conversion of these warrants into equity shares can be exercised within 18 months from the date of allotment. An Extra-Ordinary General Meeting (EGM) is scheduled for July 29, 2024, to seek shareholder approval for this issuance and other related party transactions. The cut-off date for determining shareholder eligibility to vote is July 22, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d477533-6d46-440b-aaf3-f1b17866edc1.pdf |
5. Preferential issueSRG Housing Finance Ltd. has announced a board meeting scheduled for July 9, 2024, to consider raising funds through the issuance of equity shares or other eligible securities. This may include private placements, qualified institutions placements, or preferential issues, subject to necessary regulatory and shareholder approvals. The trading window for dealing in the company's securities has been closed since July 1, 2024, in accordance with the company's Code of Conduct for Prohibition of Insider Trading. (Kothari et al., n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/69cc6057-07d6-4540-903b-f249ae398292.pdf |
Sudarshan Pharma Industries Ltd held a Board meeting on July 4, 2024. In this meeting, the proposal to raise funds was approved by issuing and allotting up to 900,000 Warrants, each convertible into one Equity Share of Rs. 10, to promoters Mr. Hemal Mehta and Mr. Sachin Mehta. This issuance will be conducted on a preferential basis as per Chapter V of the SEBI ICDR Regulations, 2018, subject to regulatory and shareholder approval at an Extraordinary General Meeting (EGM). Mr. Vishal Manseta was appointed as the Scrutinizer for the e-voting process for the EGM. The meeting lasted from 6:00 PM to 8:45 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3053d4a9-9945-4bd6-b11c-db8be5448116.pdf |
IDFC First Bank Ltd has approved the allotment of 39,68,74,600 equity shares at a face value of ₹**10** each, fully paid-up at ₹**80.63** per share, aggregating to ₹3,200 Crore.The major allottees include Life Insurance Corporation of India (18,60,34,900 shares), HDFC Life Insurance Company Limited (8,06,15,200 shares), and Aditya Birla Sun Life Insurance Company Limited (6,20,11,600 shares). Post allotment, the bank's issued and paid-up equity share capital increased from ₹**70,81,12,14,390** to ₹**74,77,99,60,390**, comprising 7,47,79,96,039 equity shares. These shares will rank pari-passu with existing equity shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/aeea9bb4-4c43-43fa-9860-ddff72618a7c.pdf |
K.P. Energy Ltd held a Board of Directors meeting on July 4, 2024, where they approved the issuance and allotment of 688,800 fully convertible warrants. The issue price for each warrant is ₹**412**. This preferential issue is subject to shareholder and regulatory approvals. The warrants are convertible into equity shares of ₹**5 each**, and are issued to Dr. Faruk G. Patel, representing 1.02% of the fully diluted paid-up equity capital. The company also scheduled an Extra Ordinary General Meeting for July 31, 2024, and appointed Mr. Chirag Shah as the scrutinizer for the voting process. https://www.bseindia.com/xml-data/corpfiling/AttachLive/00acbcc1-ed03-45a4-bd71-1321731ed1df.pdf |
Diamines & Chemicals Ltd. has scheduled a Board of Directors meeting on July 9, 2024, to consider and evaluate a proposal for raising funds through various permissible modes, including the issuance of equity shares, warrants, or other instruments via preferential issue. The board will also discuss convening a general meeting or postal ballot to seek shareholder approval for the fund-raising proposal. |
6. Press releasesSamvardhana Motherson International Ltd (SAMIL) announced the successful pricing of its first dual investment grade USD bonds, raising $350 million through its subsidiary, SMRC Automotive Holdings Netherlands B.V. The bonds, with a 5.625% coupon rate, were oversubscribed six times, reflecting strong investor confidence. The proceeds will be used to repay existing debt, maintaining a debt-neutral position. The issuance saw diverse participation from global investors, with allocations to asset managers, insurance companies, and sovereign wealth funds. The bonds will be listed on the Frankfurt Stock Exchange. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e0bafad-8588-4d38-8754-cefa45bc5864.pdf |
Samvardhana Motherson International Limited (SAMIL) announces successful pricing of first dual investment-grade USD bonds, raising $350 million******. Issued via subsidiary SMRC Automotive Holdings Netherlands B.V., bonds are backed by a corporate guarantee from SAMIL******. Issuance saw strong interest, with a peak order book exceeding $350 million******. but later corrected to $2.2 billion**********, reflecting a sixfold oversubscription. Bonds issued at a 5.625% coupon rate******, optimizing borrowing costs. Proceeds to be used to repay existing debt, ensuring a debt-neutral transaction. Bonds will be listed on Frankfurt Stock Exchange. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4e0bafad-8588-4d38-8754-cefa45bc5864.pdf |
Thomas Cook (India) Ltd. has announced that its wholly owned subsidiary, Sterling Holiday Resorts Limited, is leading the way in destination weddings. With 45 resorts across various scenic locations such as hill stations, beaches, heritage, and pilgrimage sites, Sterling Holiday Resorts is setting new standards in wedding tourism. |
Thomas Cook (India) Limited has been recognized as a leading omnichannel travel services company in India, winning the MICE Travel Agency – Outbound award at the Economic Times MICE & Wedding Tourism Awards 2024. The company, established in 1881, offers a wide range of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, and Visa Services. It operates under several brands such as SOTC, TCI, and Sterling Holiday Resorts Limited, spanning 28 countries across 5 continents. The company is promoted by Fairbridge Capital (Mauritius) Limited, holding a 63.83% share. For more information, visit Thomas Cook India. https://www.bseindia.com/xml-data/corpfiling/AttachLive/982207f0-11b0-4cb2-ada4-7a68bdb3a4a2.pdf |
Mahindra Lifespace Developers Ltd. has announced significant developments, including being chosen as the preferred partner for the redevelopment of seven residential societies in Borivali West, Mumbai. The estimated Gross Development Value (GDV) of this project is approximately ₹**1800 crore**. Additionally, the company acquired 2.37 acres of land in Singasandra, South Bengaluru, with a developable potential of around 0.25 million square feet and a GDV of ₹**250 crore**. These strategic moves, totaling ₹**2050 crore** in GDV, reinforce Mahindra Lifespace's commitment to urban renewal and expansion in key markets. https://www.bseindia.com/xml-data/corpfiling/AttachLive/25680881-baef-4b1e-8c44-8f18ddd6d1d0.pdf |
Le Travenues Technology Ltd reported a significant financial performance for FY24, with a 30.8% YoY increase in revenue to Rs. \(655.9\ Cr\) and a 212.3% YoY rise in profit to Rs. \(73.1\ Cr\). The company's Gross Transaction Value (GTV) surpassed Rs. \(10\),000 Cr, growing by 38% YoY. EBITDA for FY24 was Rs. \(53.1\ Cr\), up by 17.8% YoY, while Adjusted EBITDA reached Rs. \(55.3\ Cr\), marking a 24.7% YoY increase. The Contribution Margin also saw a 34.7% YoY growth, amounting to Rs. \(293.8\ Cr\). https://www.bseindia.com/xml-data/corpfiling/AttachLive/77f92310-88f0-45c8-98c1-6e9052d31670.pdf |
Greaves Cotton Ltd. has announced the appointment of Mr. P. B. Sunil Kumar as the new Executive Director & CEO of its subsidiary, Greaves Finance Ltd., effective July 3, 2024. Mr. Kumar, a Chartered Accountant with over 25 years of experience in finance, consulting, and healthcare, will lead the company's efforts to accelerate EV financing through its platform, evfin. This platform, launched a year ago, is India's first consumer finance technology platform dedicated to electric mobility. Greaves Finance Ltd. aims to democratize the EV experience by providing innovative financing solutions tailored to electric vehicle ownership, supporting sustainable mobility growth in India. https://www.bseindia.com/xml-data/corpfiling/AttachLive/de2d8af1-2731-4b75-a5c9-426d21a5dfed.pdf |
Dredging Corporation of India Limited (DCIL) has secured the prestigious annual maintenance dredging contract from the Cochin Port Authority for the year 2024-25, valued at Rs 156.50 Crores**, with an option to extend for another year.** This contract involves dredging the Cochin Port's outer channel, approach channel, ICTT Basin, LNG Basin Channels (**Ernakulam Channel & Mattancherry Channel**), and other areas to ensure navigability for various vessel sizes. |
Optiemus Infracom Ltd announces launch of new range of drones through subsidiary, Optiemus hard-hyphen Unmanned Systems Private Limited (OUS); |
Star Health and Allied Insurance Company Ltd has announced the launch of its Home Health Care services across over 50 cities in India, enhancing accessibility to quality healthcare at customers' doorsteps. This service includes a 100% cashless facility for various infectious diseases, available through the Star Health Mobile App. The company has partnered with leading providers like Care24, Portea, CallHealth, Athulya Homecare, and Argala to offer comprehensive in-home medical care. In Tamil Nadu, Star Health has a significant presence with over 90,000 agents, 116 branches, and 187 Star Gramin Bima Kendras, contributing to a retail premium of over INR 2000 Cr in FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5483d812-6ff5-451a-8ad2-7ac725f29aae.pdf |
Shyam Metalics and Energy Ltd has announced the appointment of Mr. Chandra Shekhar Verma as an Independent Director effective from July 4, 2024. Mr. Verma brings over four decades of experience in the steel sector, having previously served as Chairman & Managing Director of Steel Authority of India Limited (SAIL). His leadership at SAIL led to significant milestones, including capacity expansion and strategic partnerships. Mr. Verma's extensive credentials include a Master of Commerce, MBA, and fellow memberships in the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. His appointment is expected to enhance Shyam Metalics' market position and drive strategic growth. https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e6ac756-a79c-4dc4-95ef-15562b76e184.pdf |
Sun Pharmaceutical Industries Ltd. announced that the European Medicines Agency (EMA) validated the Marketing Authorization Application (MAA) for Nidlegy™ on June 20, 2024, following its submission on June 3, 2024. Nidlegy™, a biopharmaceutical product developed for treating locally advanced fully resectable melanoma, is currently under review. The validation marks a significant milestone in the MAA review process. The Phase III PIVOTAL trial of Nidlegy™ met its primary endpoint, and the results were presented at ASCO on May 31, 2024. The data from this trial are expected to be published in a peer-reviewed journal later in 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/48791f32-4df2-4c1f-af81-7e44eb69f4a3.pdf |
Intellect Design Arena Ltd, a leading cloud-native, multi-product FinTech company, has launched the iGPX (Government Procurement eXchange) platform. This innovative platform, composed of eMACH.ai and embedded GenAI from Intellect's Purple Fabric AI, aims to revolutionize public procurement. globally spend an estimated $13 trillion annually on public contracts, with up to $13 trillion annually on public contracts. Up to $4 trillion is estimated to be wasted due to inefficient practices. iGPX promises to reduce procurement cycle times by up to 95% and supports tailored procurement rules and transparent bidding practices. This fosters inclusivity for local sellers and SMEs. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3bd57bc7-a9cc-42eb-88d4-4920babfa625.pdf |
Inox Wind Limited has announced a significant milestone in achieving a net debt-free status with an infusion of approximately Rs 900 crores by its promoter, Inox Wind Energy Limited (IWEL). The funds were raised through the sale of equity shares on May 28, 2024, involving several vic haulo marquee investors. |
7. AcquisitionsSolar Industries India Ltd. has acquired a 73.99% stake in Problast BS (Pty) Ltd, a premier blasting solution provider in South Africa, through its subsidiary Solar Mining Services (Pty) Ltd. This strategic acquisition is aimed at expanding operations in the African continent. The deal involves a mutually agreed cash consideration. |
Mangalam Organics Limited has announced that Mangalam Pooja Stores Private Limited (MPSPL) is now a wholly owned subsidiary, effective July 04, 2024. This change follows the acquisition of 10% equity shares from Mr. Sandeep Shriya, amounting to Rs. 1,00,000 (10,000 shares at Rs. 10 each). |
Veefin Solutions Ltd has announced the incorporation of a subsidiary company in India, named Veefin Financial Solutions Private Limited (VFSPL). The authorized capital for VFSPL is set at ₹25,00,000, divided into 2,50,000 equity shares of ₹10 each, with a paid-up capital of ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. VFSPL will operate as a Non-Banking Financial Company (NBFC) and will focus on structuring receivables of various corporates for financing through the PTC route. The company will be a wholly-owned subsidiary (WOS) and transactions with it will be conducted on an arm's length basis. The proposed shareholding control is 51%. https://www.bseindia.com/xml-data/corpfiling/AttachLive/64474a52-c9d1-435d-ae60-348b90d40963.pdf |
8. Credit RatingsSalem Erode Investments Ltd has experienced a revision in its credit rating by Infomerics Valuation and Rating Private Limited as of July 03, 2024. The ratings for its Non-Convertible Debentures (NCDs) totaling Rs. 100 crore have been downgraded from IVR BB/Stable Outlook to IVR BB-/Negative; Issuer Not Cooperating. |
TATA POWER CO. LTD. has received an upgraded rating from ICRA Limited, moving from '**ICRA AA/Positive**' to '**ICRA AA+/Stable**'. This upgrade reflects the company's improved operating and financial performance, particularly in the power generation and distribution sectors over the past two fiscal years. |
ARTSON ENGINEERING LTD. has received a credit rating update from India Rating and Research (Ind-Ra), a Fitch Group Company. The new ratings assigned are IND A+/Stable/IND A1+ for both fund-based and non-fund-based limits, and IND A+/Stable for the term loan. This is an improvement from the previous outlook of IND A+/Negative/IND A1+. The long-term issuer rating is also IND A+/Stable. This information is disclosed on the company's website and Ind-Ra's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a015e148-db4c-4a57-af98-375aa083c43b.pdf |
BMW Industries Ltd has received an upgraded credit rating from India Ratings & Research, reflecting its improved financial performance in FY24. The company's consolidated revenue increased to INR 5,982 million, with an EBITDA margin of 24.5%. Key rating drivers include a strong association with Tata Steel Limited, enhanced working capital management, and a diversified product portfolio. |
MANGAL CREDIT AND FINCORP LTD. has received a reaffirmation of its credit ratings from CRISIL Ratings Limited. Thecompany’s total bank loan facilities rated have been enhanced from Rs.75 Crore to Rs.200 Crore, maintaining a long-term rating of CRISIL BBB/Stable. This rating reflects CRISIL's current opinion on the likelihood of timely payment of obligations under the rated instrument. The rating letter from CRISIL is available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d539df33-494a-4a59-bf3e-94bc1e884e5e.pdf |
Nila Infrastructures Ltd. has received a credit rating assignment from Infomerics Valuation and Rating Pvt. Ltd. for its various bank facilities. The long-term bank facilities have been rated IVR BBB/Stable (IVR Triple B with Stable Outlook), while the short-term bank facilities have been assigned a rating of IVR A3+ (IVR A Three Plus). The total amount rated is INR 85.35 crore. This rating was communicated to the company on 04 July 2024 and was received at 4:32 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6fa70b0f-4480-45eb-8119-9656f85564ee.pdf |
Sundram Fasteners Limited has announced the re-affirmation of its credit rating by CRISIL Ratings Limited as of July 4, 2024. The rating for the company's short-term debt instruments, specifically commercial paper, remains at CRISIL A1+. This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reaffirmation of this high rating indicates the company's strong creditworthiness and financial stability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ad378dec-5429-443c-b701-b8a289b19d84.pdf |
ESAF Small Finance Bank Ltd has announced the reaffirmation of its credit ratings by CARE Ratings for various financial instruments. ESAF Small Finance Bank |
Mercury Laboratories Ltd has received a reaffirmation of its credit rating from CRISIL. The rating for the company's INR 3 crore fixed deposits has been maintained at '**CRISIL BB+/Stable**'. This rating indicates a moderate risk of default regarding timely servicing of financial obligations. |
GHCL Textiles Ltd has received reaffirmed credit ratings from CARE Ratings Limited for its bank facilities. The long-term bank facilities are rated CARE A-; Stable, while the long-term/short-term bank facilities are rated CARE A-; Stable / CARE A2+. The short-term bank facilities are rated CARE A2+. The company has a strong net worth base of ₹**1,386 crore** as of March 31, 2024, and maintains a comfortable capital structure with an overall gearing ratio of 0.05x. GHCL Textiles Ltd has a high operating efficiency with over 90% capacity utilization and a significant share of captive power consumption from renewable sources. The company also enjoys a diversified and reputed customer base, including Raymond Limited and Arvind Limited, and has seen growth in export revenue, contributing 16% of its total revenue in FY24. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d4ae252d-5afa-48e0-98af-da9042fd4e57.pdf |
GIC HOUSING FINANCE LTD. has announced updates under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received credit ratings from CRISIL Ratings Ltd. for various financial instruments as of July 03, 2024. Notably, Non-Convertible Debentures (NCDs) aggregating Rs. 1,355 Crores were rated CRISIL AA+ with a stable outlook, and the rating for NCDs aggregating Rs. 225 Crores was withdrawn due to redemption on maturity. Additionally, a bank loan facility aggregating Rs. 9,100 Crores and commercial papers aggregating Rs. 1,500 Crores were both reaffirmed with ratings of CRISIL AA+ and CRISIL A1+ respectively, both with a stable outlook. https://www.bseindia.com/xml-data/corpfiling/AttachLive/664e33f1-de37-4d66-aae1-162ee09cb94e.pdf |
OM Infra Limited has shown significant improvement in its financial and operational performance for FY24. The company's total operating income surged by approximately 47% to ₹**1,062.58 crore**, driven by robust order book execution. The PBILDT margin increased from 8.04% to 8.98%, and the PAT margin improved to 5.38% from 4.65% in FY23. The company's long-term bank facilities were upgraded from CARE BBB- to CARE BBB, reflecting better liquidity and reduced reliance on external funds. The order book stands at ₹**2,243 crores**, providing medium-term revenue visibility. However, the company faces challenges such as high exposure to group companies and working capital-intensive operations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9d8ecba9-7965-48bb-aeae-001e18a88680.pdf |
Rail Vikas Nigam Limited (RVNL) has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Limited (DMRC) to collaborate on upcoming projects in India and abroad. |
Delhivery Ltd announced the incorporation of a wholly owned subsidiary, Delhivery Robotics India Private Limited. This new entity was approved by the Ministry of Corporate Affairs (MCA) on July 03, 2024. The update follows an earlier intimation dated May 17, 2024. Delhivery has complied with Regulation 30 of the SEBI Listing Regulations and SEBI circular no SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023. Further details are available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/33bd106c-319b-4834-8a47-bc457a9e971b.pdf |
Uravni T and Wedge Lamps Limited provided an update on the acquisition of SKL (India) Private Limited. The company transferred a consideration of Rs 9,86,96,900 towards the acquisition of SKL India's shares. The parties involved are in the process of completing the procedural requirements to finalize tranche 1 of the acquisition. The update was disclosed in reference to the Outcome of Board Meeting held on June 18, 2024. Kaushik Damji Gada, the Whole-time Director & CFO of Uravi T and Wedge Lamps Limited, provided this disclosure in Mumbai (n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/f434886b-248a-4476-9744-ff127d408f43.pdf |
EFC (I) Limited has announced the acquisition of a 51% stake in Bigbox Ventures Private Limited, a managed office and co-working space provider. The acquisition, valued at Rs. 5,10,04,100 for 10,409 equity shares at Rs. 4,900 per share, aims to expand EFC's market presence and improve operations. |
Saffron Industries Limited has announced the resignation of its statutory auditors, M/s Utsav Sumit & Associates, effective from July 4, 2024, due to their preoccupation with other assignments. The resignation was communicated through a letter dated July 4, 2024. M/s Utsav Sumit & Associates confirmed no disputes or concerns regarding the company's management. |
9. Rights issueSuraj Industries Ltd. held a Board of Directors meeting on July 04, 2024. Mr. Sanjay Kumar Jain was appointed as the Chairperson effective July 05, 2024. The Board approved a Rights Issue of 29,97,375 partly paid-up equity shares at ₹**65 per share,** totaling ₹**19,48,29,375.** The Rights Entitlement Ratio is 7 shares for every 30 shares held, with the record date set for July 10, 2024. The issue will open on July 22, 2024, and close on August 05, 2024. The Board also reconstituted various committees, including the Audit, Nomination & Remuneration, and Stakeholders’ Relationship Committees. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ef8cfa5-88cb-4bc8-8efc-e5e6d14ce32f.pdf |
BGR ENERGY SYSTEMS LTD. held a Board Meeting on July 4, 2024. During the meeting, the company approved an increase in Authorized Share Capital from ₹100 crores to ₹1700 crores. A significant announcement was made regarding a rights issue of equity shares worth up to ₹1000 crores for eligible shareholders. The details like issue price and entitlement ratio are yet to be determined. A Rights Issue Committee was formed to manage the process. The meeting started at 4:00 p.m. and ended at 6:20 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/680d5f62-5f68-4a70-9864-7e2b848b8228.pdf |
BGR ENERGY SYSTEMS LIMITED has announced significant decisions from its Board Meeting held on July 04, 2024. The Board approved an increase in the company's Authorized Share Capital from ₹100 crores to ₹1700 crores. Additionally, they have decided to offer and issue equity shares worth up to ₹1000 crores through a Rights Issue to eligible shareholders. A Rights Issue Committee has been constituted to oversee the process, including determining the issue price, entitlement ratio, record date, and payment terms. The meeting commenced at 4:00 p.m. and concluded at 6:20 p.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4727f655-072a-4542-a4ce-a82aac0744b1.pdf |
Sharat Industries Ltd. has announced the outcome of its Rights Issue Committee meeting held on July 4, 2024. The company approved a rights issue of partly paid-up equity shares at a price of ₹**31 per share**, including a premium of ₹**21**. The rights entitlement ratio is set at 13 equity shares for every 20 shares held as of the record date, July 12, 2024. The issue size is 1,55,43,125 shares, aggregating to ₹**48.18 crores**. The payment terms include ₹**7.75** on application and the remaining ₹**23.25** on subsequent calls. Post-issue, the total equity shares will increase to 3,94,55,625, assuming full subscription. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a34a0c3f-5f70-47fc-a5f1-776c6822da8b.pdf |
Sharat Industries Limited recently announced a Rights Issue of partly paid-up equity shares at a price of ₹**31 per share**, including a premium of ₹**21 per share**, totaling ₹**48,18,36,875**. The Rights Entitlements Ratio is 13 shares for every 20 held by eligible shareholders. The record date for the Rights Issue is July 12, 2024. Before the Rights Issue, the company had 2,39,12,500 outstanding shares, before increasing to 3,94,55,625 assuming full subscription. The meeting of the Rights Issue Committee took place on July 4, 2024, and the Board approved the Letter of Offer to be filed with BSE Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/c1b6dbc1-ee9c-4cff-86a8-8c2214087c54.pdf |
Aditya Birla Capital Ltd has announced the approval of a Scheme of Amalgamation involving its wholly-owned subsidiaries: Aditya Birla Money Insurance Advisory Services Limited, Aditya Birla Money Mart Limited, and Aditya Birla Capital Technology Services Limited, merging with Aditya Birla Financial Shared Services Limited. This scheme, sanctioned by the National Company Law Tribunal (NCLT) Ahmedabad Bench on July 2, 2024, aims to simplify the organizational structure, enhance administrative efficiencies, and reduce overhead costs. The effective date for the scheme is set as the date of the pronouncement of the order. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5980f0c3-fde9-48f6-ba26-8724f6b43628.pdf |
Heubach Colorants India Ltd disclosed a Show Cause Notice issued by the Commercial Tax Officer, Chidambaram, Tamil Nadu, under Section 74 of the TNGST & CGST Acts, 2017, for the financial year 2017-2018. The notice, received on July 4, 2024, highlights discrepancies in ITC claimed between GSTR-3B and GSTR-2A, amounting to a total GST of ₹2,40,02,850 and an equivalent penalty, summing up to ₹4,80,05,700. The company states that there is no material impact on its financials, operations, or other activities due to this notice and is currently evaluating the notice to determine appropriate actions. |
HARRISONS MALAYALAM LIMITED recently received a show cause notice from the Rubber Board, Kottayam for selling 1165 kgs of rubber to an unlicensed buyer and for delayed submission of statutory monthly returns in Form H3 and L1. The company has been penalized Rs. 2247/- for these violations and is in the process of paying the penalty within the stipulated time. Despite these issues, there is no material impact on the financials, operations, or other activities of the company due to the said order. https://www.bseindia.com/xml-data/corpfiling/AttachLive/891651dc-4f19-4cb1-ac9d-005702cdfe92.pdf |
TD Power Systems Ltd. has announced a partial lockout affecting 36 out of 1511 workers due to non-cooperation and refusal to work, effective July 4, 2024. The company has ensured no production loss and all assets are covered by insurance. The lockout impacts Unit I and Unit II in Dabaspet, Bangalore, Karnataka, with no expected quantum of loss or damage. The lockout is a result of demands for higher wages and other issues. |
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