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Table of Contents
1.Bonus issue
Lorenzini Apparels Ltd held a Board Meeting on July 6, 2024, where they approved the conversion of 2,47,230 warrants into 2,47,23,000 equity shares at a face value of ₹1 each. This conversion was part of the 10,38,37,10 warrants initially allotted on October 5, 2023. The conversion was executed upon receiving ₹**3,74,99,846** from Chillypot Trading Private Limited, which represents 75% of the issue price per warrant. Additionally, 26,97,054 equity shares were issued under a bonus issue, and 5,43,911 warrants remain pending for conversion. The new equity shares will rank pari-passu with the existing shares. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1a8b0b71-8d03-403e-9025-fbf15079d8e4.pdf |
2. Buy BackeClerx Services Ltd. has announced a buyback of up to 1,375,000 fully paid equity shares, each with a face value of ₹**10**, at a price of ₹**2,800** per share, totaling ₹**3,850 million**. This buyback represents 2.80% of the company's total paid-up equity share capital as of March 31, 2024. The buyback will be conducted through the tender offer route, with the record date set for July 4, 2024. The buyback period is from July 9, 2024, to July 15, 2024. The funds for the buyback will be sourced from the company's internal accruals, and no debt will be raised for this purpose. https://www.bseindia.com/xml-data/corpfiling/AttachLive/82952494-0e48-4a59-b24d-d9b1d7caf066.pdf |
Prospect Commodities Ltd has scheduled a Board Meeting on 10th July 2024 at 3:00 p.m. at their registered office in Ahmedabad, Gujarat. The primary agenda includes discussing and deciding on the matter of changing the company's name. additionally, any other business matters may be addressed with the Chairman's permission. This meeting is in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b3e06938-6ca6-4ab2-b19c-82b04c47e9c9.pdf |
3. FDA InspectionFermenta Biotech Limited recently received a positive outcome from a US FDA inspection at its manufacturing facility in Dahej, Gujarat, India. The US FDA issued an Establishment Inspection Report (EIR) with no significant objectionable conditions noted, indicating a successful closure of the inspection. This development is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary & Vice President (Legal), Srikant Sharma, confirmed the successful closure of the inspection in a letter to BSE Limited. |
4. Investor PresentationSealmatic India Ltd has demonstrated robust financial performance for FY 2023-24, with revenue growing at a CAGR of 29.45% from ₹42.38 Cr in FY 2021-22 to ₹71.01 Cr in FY 2023-24. |
Vikalp Securities Ltd. is undergoing an open offer to acquire up to 7,93,500 equity shares, representing 26.00% of its total paid-up capital, at a price of ₹**25.00** per share. The offer is made by Deepakbhai Patel, Kamuben Patel, and Priyam Shah, collectively referred to as the Acquirers and PAC. The offer is in compliance with SEBI (SAST) Regulations, 2011, and is managed by Interactive Financial Services Limited. The total consideration for the offer amounts to ₹**1,98,37,500**. The offer period is from July 16, 2024, to July 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1af82581-dad2-4db0-a3f5-ab8c04ea8d32.pdf |
Indowind Energy Ltd. has scheduled a Board of Directors meeting on July 10, 2024, to discuss and finalize the terms and conditions for a rights issue of equity shares. This includes determining the rights issue price, issue size, rights entitlement ratio, and record date. The meeting will also approve the Letter of Offer and other related documents. |
Accel Ltd has announced a merger with its subsidiary, Accel Media Ventures Limited (AMVL). The merger, effective from April 1, 2024, involves the transfer of AMVL's undertaking to Accel Ltd, with the issuance of 6,06,250 fully paid equity shares to AMVL's shareholders. |
Ashiana Housing Ltd. has entered into a development agreement to develop a group housing project on 3.86 acres of land located at Mouza-Rugri, Halka No.-II, P.S-Chandil, Thana No.-330, District-Saraikela Kharswan, Jharkhand. The saleable area of this project is estimated at 4.30 lakh sq. ft. The agreement is with four individuals who own the land, and there is no shareholding relationship or special rights attached to this agreement. Additionally, this transaction is not a related party transaction, and the involved parties are not related to the promoter or promoter group in any manner. https://www.bseindia.com/xml-data/corpfiling/AttachLive/59fd037b-8d91-4c7b-9364-f29343b6d195.pdf |
5. Preferential issuesPNGS Gargi Fashion Jewellery Ltd has scheduled a Board Meeting on Wednesday, 10th July, 2024 to discuss and approve the issuance of equity shares on a preferential basis. This decision aligns with the provisions of the Companies Act, 2023 and the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018. The meeting will address the allocation of shares to one or more investors, ensuring compliance with applicable SEBI regulations. Neha Boid, the Company Secretary & Compliance Officer, has communicated this information to the BSE Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b3c83a3-f1b0-4063-b369-68ffaf2174c3.pdf |
Astal Laboratories Ltd announces proposal to raise additional capital through issuance of 57,19,930 Convertible Warrants on preferential basis to promoters and strategic non-promoter investors. |
Sterling Powergensys Limited has announced several key updates as of July 06, 2024. The Board has approved raising equity capital amounting to Rs. 2,64,50,372 through a preferential issue of 10,59,710 equity shares at Rs. 24.96 per share. |
Abhushan Limited recently conducted a Board meeting on July 5, 2024, where they approved the allotment of 356,070 equity shares at a price of Rs 1,182 per share, totaling Rs 42,08,74,740. This increased the company's equity share capital to Rs 22,61,09,200. Additionally, they allotted 217,000 Fully Convertible Equity Warrants at Rs 1,182 per warrant, with a total subscription amount of Rs 6,44,49,000. Each warrant can be converted into one fully paid-up equity share of face value Rs 10. Santosh Kataria is the Chairman and Managing Director of the company. https://www.bseindia.com/xml-data/corpfiling/AttachLive/513efe94-ad90-429b-8eea-ce681dac7937.pdf |
6. Press releaseHi-Tech Pipes Ltd has announced through a media statement dated July 6, 2024, that it has been recognized as the highest taxpayer in Bulandshahr District, Uttar Pradesh. This accolade underscores the company's substantial contribution to the local economy. The announcement was addressed to the National Stock Exchange of India and BSE Limited, emphasizing Hi-Tech Pipes Ltd's commitment to transparency and corporate responsibility. The media release was signed by Anish Bansal, Director of Hi-Tech Pipes Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/f7459f08-d04d-4ef5-99ca-2a4308a57b09.pdf |
La Opala RG Ltd.has announced the suspension of operations at its Madhupur Opal Glass Plant in Jharkhand, effective July 7, 2024. This decision, approved by the Board of Directors on July 6, 2024, is due to the plant's aging infrastructure, outdated machinery, and obsolete semi-automatic technology, which have resulted in lower efficiency and higher production costs. |
Tata Steel Ltd. reported its 1QFY2025 production and delivery volumes with notable performance across various segments. |
JM Financial Limited has announced a significant consolidation in its wholesale debt syndication and distressed credit business. The company will acquire a 42.99% stake in JM Financial Credit Solutions Limited (JMFCSL) for approximately Rs. 1,282 crore, increasing its stake to 89.67%. Additionally, JMFCSL will acquire a 71.79% stake in JM Financial Asset Reconstruction Company Limited (JMFARC) from JM Financial Limited for around Rs. 856 crore, raising its stake to 81.77%. |
DMR Hydroengineering & Infrastructures Limited, a leading engineering consulting company, reported significant business updates for Q1 FY24-25. They secured 16 new assignments totaling Rs. 2.91 crores, with a focus on timely delivery within the current financial year. Additionally, they acquired projects in Bhutan and Lao PDR, expanding their presence in the hydropower industry. |
Magellanic Cloud Ltd has announced that its subsidiary, Scandron Private Limited, has received Type Certification for its Unmanned Aircraft System (UAS) model "SNDAG010QX8". This drone, designed for agricultural agrochemical spraying, features a sprayer tank with a maximum capacity of 8 liters. |
https://activestockmarket.com/posts/indian-elections-and-stock-market3a-historical-trends-and-2024-predictionsGujarat Toolroom Ltd. held a Board of Directors meeting on July 6, 2024. During the meeting, several key decisions were made. The authorized share capital was increased from Rs. 56 crores to Rs. 75 crores, subject to shareholder approval. The Board approved raising up to Rs. 200 crores through Qualified Institutions Placement (QIP). Furthermore, the foreign investment limit was increased to 49% of the total paid-up capital. An Extraordinary General Meeting (EGM) is scheduled for August 5, 2024, to seek approval from shareholders for these changes. CS Himanshu Togadiya was appointed as the scrutinizer for the EGM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a6f7530-f60f-4ca6-8614-2bf01ca02542.pdf |
Info Edge (India) Ltd. reported its quarterly update for the period ending June 30, 2024. The standalone billings for this quarter were ₹579.4 crores, compared to ₹523.0 crores in the same quarter of the previous year. |
6. New AcquisitionsApollo Hospitals Enterprise Ltd. has announced the acquisition of 35,12,107 equity shares of Rs 10 each at a price of Rs. 294 per share, totaling Rs. 1032.60 million, through a rights issue of its subsidiary, AHLL. This investment aims to support AHLL's business operations, working capital, and expansion. AHLL, a related party, operates specialty hospitals, clinics, and diagnostic centers across India, with a turnover of Rs 13,650 million for the financial year ending March 31, 2024. The acquisition is expected to be completed by July 6, 2024. (**Ali Towers** Ill Floor #55, Greams Road 600 006 Chennai, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/f769b68a-d67c-4d4b-8803-bb981c478614.pdf |
Apollo Hospitals Enterprise Ltd. has announced the acquisition of 35,12,107 equity shares of Rs 10 each at a price of Rs. 294 per share, totaling Rs. 1032.60 million. This investment is part of a rights issue by its subsidiary, Apollo Health and Lifestyle Limited (AHLL). AHLL, engaged in providing comprehensive healthcare services through specialty hospitals, clinics, and diagnostic centers, reported a turnover of Rs 13,650 million for the financial year ending March 31, 2024. The acquisition is a related party transaction conducted at arm's length, with no change in the shareholding structure of AHLL. https://www.bseindia.com/xml-data/corpfiling/AttachLive/5f693594-4843-47f2-aad9-5fd4e7dd7d60.pdf |
Kiri Industries Ltd. has announced a further acquisition of stake in Indo Asia Copper Limited (IACL), an unlisted public company incorporated under the Companies Act, 2013. The Board of Directors approved the investment through its wholly-owned subsidiary, Claronex Holdings Pte. Ltd., with a total investment up to Rs. 2000 Crores. IACL, which has not yet commenced business activities, aims to diversify into the manufacturing of copper, allied products, and fertilizers. The acquisition, approved by the Audit Committee and Board, is expected to be completed within two years and will be conducted on an arm's length basis through cash consideration. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a12acd48-3bb3-4e6f-aea2-09a4519241b2.pdf |
ASI Industries Ltd has acquired 5000 equity shares of National Aluminium Co. Ltd (NALCO) through the stock exchange. The acquisition event occurred on 5th July 2024 at 3:30 P.M., and ASI Industries became aware of the particulars on 6th July 2024 at 11:00 A.M. The acquisition represented 0.0003% of NALCO's shareholding and had a total cost of Rs. 10 crore. |
7. Credit RatingSuzlon Energy Limited has announced the withdrawal of its credit rating by India Ratings and Research as of 6th July 2024. this decision follows the company's repayment of its entire fund-based debt, rendering the dual rating requirement unnecessary. previously, Suzlon Energy had ratings from both CRISIL and India Ratings as part of its financing arrangement. The company continues to maintain a CRISIL rating of A-, as communicated in a letter dated 7th June 2024. |
FILATEX INDIA LTD. has announced the withdrawal of its credit rating for bank facilities by CARE Ratings Limited. This decision was made at the company's request, supported by 'No Objection Certificates' from multiple banks including Yes Bank, IndusInd Bank, Punjab National Bank, AKA Export Finance Bank, Landesbank Baden-Wurttemberg Bank, and Bank of Baroda. The withdrawal was confirmed in a letter dated July 5, 2024, and the company has been advised not to use the ratings for any purpose going forward. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9642c7d-ab0d-4560-b040-84269d9d2485.pdf |
Kuantum Papers Ltd. has received updated credit ratings from CARE Ratings Limited as of July 1, 2024. The company's long-term bank facilities, amounting to ₹385.16 crore, have been rated CARE A (RWD). Its short-term bank facilities, totaling ₹66.55 crore, have been rated CARE A1 (RWD). Furthermore, the company's fixed deposits worth ₹45 crore have also been rated CARE A (RWD). |
Muthoot Finance Ltd. has received updated credit ratings from CRISIL Ratings Limited as of July 6, 2024. The company’s Commercial Paper has been rated CRISIL A1+ for an enhanced amount of Rs. 2,000 crores, indicating a very strong degree of safety regarding timely payment of financial obligations. Additionally, the Non-Convertible Debentures have been assigned a CRISIL AA+/Stable rating for an amount of Rs. 1,000 crores, reflecting a high degree of safety with very low credit risk. These ratings are based on information provided by Muthoot Finance and are subject to continuous surveillance and review by CRISIL. (Ref: SEC/MFL/SE/2024/5792, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/14fdd089-5492-4f1c-8165-234bea0eac64.pdf |
UGRO Capital Ltdhas demonstrated strong and sustained business growth, with its outstanding portfolio increasing to approximately ₹**9,047 crore** as of March 31, 2024, from ₹**6,081 crore** the previous year. The company has a capital adequacy ratio of 20.75% and a gearing level of 3.24 times as of March 31, 2024. |
OMAXE LTD. has announced that CARE Ratings Limited has reaffirmed its credit ratings for the company's bank facilities. The long-term bank facilities have been rated CARE BBB-; Stable, while the long-term/short-term bank facilities have been rated CARE BBB-; Stable / CARE A3. Additionally, the rating for fixed deposit instruments has been withdrawn as they have been repaid with no outstanding dues. |
State Bank of India (SBI), the largest bank in India, holds a dominant market position with a domestic market share of 22.55% in deposits and 19.06% in advances as of March 31, 2024. The bank's capital adequacy ratio (CAR) stood at 14.28%, and its CET I ratio was 10.36% as of the same date. SBI's gross non-performing assets (GNPA) improved to 2.24%, and its net non-performing assets (NNPA) to 0.57%. The bank reported a net profit of ₹**61,077 crore** for FY24, with a return on total assets (ROTA) of 1.04%. The liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) were 129.02% and 113.87%, respectively, as of March 31, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b2a5c439-d431-4234-84b8-ff4ae3ade576.pdf |
State Bank of India (SBI) – India's largest bank, holds a dominant market position with a 22.55% share in deposits and 19.06% in advances as of March 31, 2024. The bank's capital adequacy ratio (CAR) stood at 14.28%, with a CET I ratio of 10.36%. SBI's gross non-performing assets (GNPA) improved to 2.24%, and net profit rose to ₹**61,077 crore** in FY24. The bank's liquidity coverage ratio (LCR) was 129.02%, and it aims to become carbon neutral by fiscal 2030. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b2a5c439-d431-4234-84b8-ff4ae3ade576.pdf |
Aptus Value Housing Finance India Ltd. has reaffirmed its credit ratings by CARE Ratings Limited. The company’s non-convertible debentures (unlisted) have been rated at CARE AA-; Positive, with the outlook revised from Stable. Similarly, its long-term bank facilities, amounting to ₹1,950 crore, have also been reaffirmed at CARE AA-; Positive. |
IDFC First Bank Ltd has been reaffirmed with a BWR AA+ rating for its outstanding Non-Convertible Debentures (NCDs) totaling ₹738.60 crore. The rating outlook remains on Rating Watch with Developing Implications due to the ongoing amalgamation process involving IDFC Financial Holding Company Ltd and IDFC Ltd into IDFC First Bank Ltd, expected to complete by Q2FY25. |
KPT Industries Ltd has shown a healthy growth in profitability for FY24, with a total operating income of ₹**151.63 crore**. The growth was driven by improved demand in the power tool division, specifically for 320 et al.. The company's PBILDT margin increased to 15.14%, and PAT margin rose to 7.95%. |
Campus Activewear Ltd's credit ratings reaffirmed by CRISIL at 'CRISIL A+/Stable/CRISIL A1'. The company's revenue slightly declined to ₹1,448 crore in FY24 from ₹1,484 crore in FY23, primarily due to disruptions in B2B sales. However, this was largely offset by higher marketplace sales. EBITDA margins remained comfortable at around 15% and are expected to stay within the 15-17% range. The company's strong financial risk profile is supported by a net worth of over ₹640 crore and minimal debt, with a gearing ratio of less than 0.04 times in FY24. Despite intense competition and a working capital-intensive operation, the company's robust brand visibility and diversified product range continue to support its market position. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ef7f2450-03d7-4b5b-b335-35d2b093dd32.pdf |
Archean Chemical Industries Limited has recently been upgraded by CRISIL to CRISIL A/Stable from '**CRISIL A-/Stable**'. The company has a strong liquidity position with a healthy cash surplus of Rs 400 crore as of March 31, 2024. They are expected to sustain their adequate financial risk profile supported by strong cash generation and prudent funding of capacity addition. |
Investment & Precision Castings Limited has bank facilities amounting to ₹**74.00 crore** with a CARE BBB-; Stable rating for long-term facilities and CARE A3 for short-term facilities. The company's strengths include experienced promoters, established manufacturing facilities, and improved profitability in FY24. However, challenges include a moderate scale of operations, revenue concentration in the automobile industry, and vulnerability to raw material price fluctuations. Positive rating factors include revenue diversification and improved financial indicators, while negative factors include declining scale of operations and profitability risks. (**Investment & Precision Castings Limited**, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/b3d900a6-2438-4a53-8c81-1aee61100a1c.pdf |
AJR Infra has announced the sale and transfer of 10,000 equity shares of Rs.10/- each, representing a 100% equity stake in Earthlink Infrastructure Projects Private Limited (EIPPL), an unlisted wholly-owned step-down subsidiary. This transaction, approved by the Board of Directors on July 6, 2024, involves Gammon Projects Developers Limited (GPDL), a wholly-owned subsidiary of AJR Infra, selling the shares for an aggregate consideration of Rs. 2 Lakhs. Upon completion, EIPPL will cease to be a step-down subsidiary of AJR Infra. The turnover of EIPPL for the financial year ending March 31, 2024, was Nil, with a net worth of Rs. -54,45,150. The buyers, Mr. Aakash Pandey and his business associates, are not part of the promoter group, and the transaction does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b2654c91-4ec3-4a5f-a644-51d9a87359e1.pdf |
AJR Infra And Tolling Ltd has announced the sale and transfer of 10,000 equity shares, representing a 100% equity stake in Ras Cities And Townships Private Limited (RCTPL), to Bleu Noir Infrastructure Development Private Limited for a total consideration of Rs. 10.00 Crores. This transaction, approved by the Board of Directors on July 6, 2024, will result in RCTPL ceasing to be a step-down subsidiary of AJR Infra. The revenue of RCTPL for the financial year ending March 31, 2024, was Rs. 1.46 Crores, with a net worth of Rs. 13.01 Crores. The buyer does not belong to the promoter group, and the transaction is not classified as a related party transaction. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1ccd1ba3-48e1-4806-8a8f-cc84863a3d45.pdf |
AJR Infra And Tolling Ltd has announced the sale of 10,000 equity shares of Rs.10/- each, representing a 100% equity stake in Segue Infrastructure Projects Private Limited (SIPPL), a wholly-owned step-down subsidiary. The sale was approved by the Board of Directors on 6th July 2024.The turnover of SIPPL for the financial year ending 31st March 2024 was Nil, with a net worth of Rs.12,47,520. |
AJR Infra And Tolling Ltd has announced the disposal of its 74% equity stake in Birmitrapur Barkote Highway Private Limited (BBHPL), an unlisted wholly-owned subsidiary. The Board of Directors approved the sale of 7,400 equity shares at Rs.**10** each, totaling Rs.**2 Lakhs**. The transaction is expected to be completed within one month from the execution of the Share Purchase Agreement. The buyers, Mr. Aakash Pandey and his business associates, are not part of the promoter group, and the transaction does not fall under related party transactions. Upon completion, BBHPL will cease to be a subsidiary of AJR Infra And Tolling Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ab2e18a1-12ec-4d59-80d6-3dafa9c18f66.pdf |
AJR Infra And Tasco Announces Sale of Entire Equity Stake in Subsidiary GRIL is a significant development in the business industry. AJR Infra And Tasco has announced the sale of its entire 100% equity stake in its wholly-owned subsidiary, Gammon Road Infrastructure Limited (GRIL). The Board of Directors approved the sale of 50,000 equity shares at Rs.10 each, totaling Rs.**1 Lakh**, during a meeting on July 6, 2024. The turnover of GRIL for the financial year ending March 31, 2024, was Nil, with a net worth of Rs. (29,370). The sale is expected to be completed within one month from the execution of the Share Purchase Agreement. |
AJR Infra And Tolling Ltd has announced the sale of its entire 100% equity stake in its wholly-owned subsidiary, Gammon Seaport Infrastructure Limited (GSIL). The Board of Directors approved the sale of 50,000 equity shares at Rs.10 each, totaling Rs. 1 Lakh. The turnover of GSIL for the financial year ending March 31, 2024, was Nil, with a net worth of Rs. -**75,15,020**. The transaction is expected to be completed within one month from the execution of the Share Purchase Agreement. The buyer, Mr. Aakash Pandey and his business associates, do not belong to the promoter group, and the transaction does not fall under related party transactions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ac1b3d9d-bb25-4440-8581-96f87c6d6920.pdf |
AJR Infra And Tolling Ltd has announced the sale of its entire 100% equity stake in Haryana Biomass Power Limited (HBPL), an unlisted wholly-owned subsidiary. The Board of Directors approved the sale of 12,83,510 equity shares at Rs.10 each, totaling an aggregate consideration of Rs.2 Lakhs. The transaction is expected to be completed within one month from the execution of the Share Purchase Agreement. The buyers, Mr. Aakash Pandey and his business associates, do not belong to the promoter group, and the transaction does not fall within related party transactions. Upon completion, HBPL will cease to be a subsidiary of AJR Infra And Tolling Ltd. https://www.bseindia.com/xml-data/corpfiling/AttachLive/67c8e30f-318b-4cf7-a762-d1a97c51386d.pdf |
KIRI INDUSTRIES LTD. has announced the disinvestment of its entire 37.57% stake in DyStar Global Holdings (Singapore) Pte. Ltd. for a consideration of US$ 603.80 million. This decision follows the Singapore International Commercial Court's (SICC) judgments, which mandated the sale due to a minority oppression suit. The en-bloc sale, managed by Deloitte & Touche LLP receivers, is expected to be completed by December 31, 2025. The transaction, approved by the Board of Directors on July 06, 2024, is subject to shareholder approval and does not fall under related party transactions or the Scheme of Arrangement. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e236be6b-7a81-4d75-aa8e-1f4cc6de458b.pdf |
Kothari Industrial Corporation Ltd. has entered into a License and Distribution agreement with Kickers International BV on July 6, 2024. This agreement allows Kothari Industrial Corporation Ltd. to design, manufacture, distribute, sell, and promote Kickers footwear products both domestically and internationally. The licensor grants an exclusive license to the licensee, with royalty payments based on product sales. The transaction is not a related party transaction, and the turnover for Kickers International BV for the calendar year 2022-2023 is 400 million Euros. The expected benefit from this agreement is profitable margins. https://www.bseindia.com/xml-data/corpfiling/AttachLive/06e554d2-eae4-4fe9-9852-7b79d5de8fb9.pdf |
Pharmaids Pharmaceuticals Limited has disclosed the acquisition of a 54% partnership interest in Anugraha Chemicals, a firm engaged in contract manufacturing and the production of APIs, intermediates, and fine chemicals. The acquisition, executed through multiple tranches, aligns with the company's objective of achieving GMP manufacturing standards. |
Sterling Powergensys Limited has announced several key changes and updates as per the intimation under Regulation 30 of SEBI Listing Regulations. The company plans to raise equity capital amounting to Rs. 2,64,50,372 through a preferential issue of 10,59,710 equity shares at Rs. 24.96 per share. |
Quasar India Ltd announced significant changes in its board and executive team on July 6, 2024. The Board of Directors approved the appointment of Mrs. Shital Vishal Makwana as an Additional Non-Executive Director and Mr. Vishal Babubhai Makwana as the Chief Financial Officer, both effective from the same date. Concurrently, the company accepted the resignations of Ms. Saasha Llyod Rozario from her role as Non-Executive Independent Director and Mr. Manojkumar Nanavati from his position as Chief Financial Officer, both citing pre-occupation elsewhere. The company confirmed that there were no other material reasons for their resignations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/392532c3-c431-4a21-b2aa-0fe13195e057.pdf |
G.D. Trading & Agencies Ltd. has announced the resignation of its statutory auditors, M/s. Maheshwari & Associates, effective immediately as of July 1, 2024. The resignation was due to other urgent assignments. The company received the resignation letter on July 24, 2024. This change is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the details are enclosed in Annexure - 1. https://www.bseindia.com/xml-data/corpfiling/AttachLive/534d1f9b-ecbd-4706-8389-fb8ca930eaae.pdf |
8. Rights issueNakoda Group of Industries Ltd has announced the outcome of its Rights Issue Committee meeting held on July 06, 2024. The committee approved the allotment of 50,90,056 partly paid-up rights equity shares at an issue price of Rs. 25.00 per share, with Rs. 6.25 received on application. This decision follows the finalization of the basis of allotment by the National Stock Exchange of India Limited on July 05, 2024. The meeting commenced at 1:00 PM and concluded at 1:45 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/37f3adec-7380-4e8a-8b80-93b74d4653a2.pdf |
Share India Securities Limited has approved the allotment of 16,92,785 fully paid-up equity shares of face value Rs. 2 each, following the conversion of 3,38,557 detachable warrants. Each warrant was converted into 5 equity shares upon payment of Rs. 525 per warrant. This decision was made during the Rights Issue Committee meeting held on July 06, 2024, which started at 11:00 a.m. and concluded at 11:30 a.m. https://www.bseindia.com/xml-data/corpfiling/AttachLive/22764efd-5f9a-4851-81a6-15d41c5559e2.pdf |
Nakoda Group of Industries Ltd has announced the outcome of its Rights Issue Committee meeting held on July 05, 2024. The committee approved the allotment of 50,90,056 partly paid-up rights equity shares at an issue price of Rs. 25.00 per share, with Rs. 6.25 received on application. This decision follows the finalization of the basis of allotment by the National Stock Exchange of India Limited (NSE) on July 06, 2024. The meeting commenced at 1:00 PM and concluded at 1:45 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ea659369-4069-4e8b-9e81-39ab6b01897a.pdf |
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