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Table of Contents
1. New Orders
Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent from Adani Green Energy Limited valued at Rs. 409 Crores (inclusive of GST) for the supply of various LV/MV cables. The order, awarded on a "Kms rate basis with PV Formulae," is to be completed by December 2024. This contract is domestic and does not involve any related party transactions or interests from the promoter group. https://www.bseindia.com/xml-data/corpfiling/AttachLive/31694223-88e7-4a98-a650-3de40de1dfc7.pdf |
GE Power India Ltd has secured a significant purchase order from NTPC Limited for the supply of Main Turbine Spares at NTPC Talcher. The contract, valued at INR 18.71 million (**plus 18% GST**), is to be executed within 9.5 months. This domestic order does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. https://www.bseindia.com/xml-data/corpfiling/AttachLive/01fe415e-fcb5-49f5-9130-fde25f1ea2ab.pdf |
2. Board meetingAdvait Infratech Ltd has scheduled a Board of Directors meeting on Thursday, 11th July 2024 at their registered office in Ahmedabad. The agenda includes evaluating proposals to raise up to Rs. 25 Crore through various permissible modes such as private placement, preferential issue, qualified institutions placement, or warrants convertible into equity shares. The Board will also consider convening an extraordinary general meeting or postal ballot process to seek shareholder approval for the fund-raising proposal and other related matters. Additionally, any other matters will be discussed with the permission of the chair. https://www.bseindia.com/xml-data/corpfiling/AttachLive/438b998f-9faf-47f3-8ba9-0ee620025489.pdf |
Century Textiles & Industries Ltd. has scheduled a Board of Directors meeting on Tuesday, 16th July, 2024 to consider and approve the Unaudited Standalone and Consolidated Financial results for the quarter ended 30th June, 2024. Additionally, the board will discuss a proposal to raise up to Rs. 1000 crores through the issuance of Unsecured, Listed, Rated, Redeemable, Non-Convertible Debentures on a private placement basis, subject to necessary statutory and regulatory approvals. The trading window for dealing in the company's equity shares and other listed securities has been closed from 1st July, 2024 and will remain closed until 18th July, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/ade352be-cb0b-4bf2-8345-c601042afa75.pdf |
3. Bonus issueAlliance Integrated Metals Ltd. has received in-principle approval from BSE Limited for the issuance and allotment of up to 26,33,00,000 Bonus equity shares. The bonus shares will be issued in the ratio of 2 new equity shares for every 1 existing equity share held by shareholders. This approval is subject to the company fulfilling several conditions, including the submission of a listing application form, payment of additional listing fees, and compliance with statutory guidelines from SEBI, RBI, and MCA. The company must also ensure that all equity shares are allotted in dematerialized form and comply with the Companies Act, 2013, and other applicable laws. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fb4e1807-54c7-4cd4-9e4d-fa00b7da5387.pdf |
PVV Infra Ltd has announced the issuance of 1 Bonus Share for every 1 equity share held by shareholders as of the Record Date. This bonus issue is subject to shareholder and regulatory approvals. The company plans to increase its authorized share capital from Rs. 30 Crores to Rs. 60 Crores. PVV Infra Ltd will hold its 29th Annual General Meeting on August 2, 2024. The pre-bonus paid-up share capital is Rs. 28.77 Crores, which will double to Rs. 57.55 Crores post-bonus. The bonus shares will be credited to shareholders by September 7, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/08c30d63-0668-4b9b-8ac1-2411fff431e5.pdf |
PVV Infra Ltd has announced a 1:1 bonus share issue. Shareholders will receive one bonus share for every existing equity share held as of the record date. The bonus issue will involve approximately 2,87,77,083 equity shares, utilizing reserves of Rs. 28,77,70,830. The company's authorized share capital will increase from Rs. 30 crores to Rs. 60 crores, and the post-bonus paid-up share capital will be Rs. 57,55,41,660. The bonus shares will be credited to shareholders within two months from the board's approval, by September 07, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/a65f8900-b575-4db0-ac4b-a950e2b9149a.pdf |
4. Business updateSenco Gold Ltd reported a robust performance in Q1 FY 2024-25, achieving an 11% growth in retail sales and a 4% increase in same-store sales growth (SSSG). The company saw a 21% year-over-year growth during the Akshay Tritiya period, despite challenges like extreme heat waves and low wedding days. Global gold prices rose by approximately 17% from April 2023 to March 2024, and further increased by 9.5% in Q1, driven by global economic uncertainty and heightened central bank buying. Senco Gold added six new showrooms in Q1, bringing the total to 165, with a mix of owned and franchisee models. The company is preparing for significant wedding buying in Q2 and H2, and is expecting to maintain a healthy CAGR growth of 18-20% for the year. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1c2277f6-e8a3-4813-a2b2-8249566d8336.pdf |
The Phoenix Mills Ltd has released its Q1 FY25 Operational Business Update, highlighting significant growth across various sectors. Retail consumption reached approximately ₹**3,214 crore**, marking a 25% increase over Q1 FY24, with gross retail collections at ₹**794 crore**, up 28%. Newly launched malls, Phoenix Mall of Asia and Phoenix Mall of the Millennium, showed increased trading occupancy at 72% and 80%, respectively. Commercial offices saw strong leasing traction with gross leasing of ~**1.51 lakh sq. ft.** and improved occupancy to 71%. The hospitality sector performance varied, with The St. Regis, Mumbai achieving 85% occupancy, while Courtyard by Marriott, Agra saw a decline to 63%. Residential sales showed robust improvement with gross sales of ~₹**50 crore** and collections of ~₹**60 crore**, achieving an average selling price of ~₹**26,000 per sq. ft**. https://www.bseindia.com/xml-data/corpfiling/AttachLive/045ba5f2-2f56-4344-88cd-0b735ab6357c.pdf |
Garment Mantra Lifestyle Ltd announced significant corporate actions at its Board of Directors' meeting on July 8, 2024. The company approved an increase in its Authorized Share Capital from ₹37 crores to ₹52 crores, subject to shareholder approval. Furthermore, the Board sanctioned the issuance of bonus shares from free reserves and the securities premium account in a 1:1 ratio. This means one new equity share for every existing share. The pre-bonus paid-up equity share capital stands at ₹10,03,84,050, and is expected to double post-bonus to ₹20,07,68,100. The bonus shares are expected to be credited within two months from the Board's approval. An Extra-Ordinary General Meeting (EGM) is scheduled for August 3, 2024, to finalize these decisions. https://www.bseindia.com/xml-data/corpfiling/AttachLive/12d1fb82-1d41-4767-aaec-52603e6fd583.pdf |
Garment Mantra Lifestyle Ltd has announced significant corporate actions following the Board of Directors' meeting on July 8, 2024. The company approved an increase in its Authorized Share Capital from ₹37 crores to ₹52 crores, subject to shareholder approval. Additionally, the Board sanctioned the issuance of bonus shares from free reserves and the securities premium account in a 1:1 ratio. This means one new equity share for every existing share. |
Electronics Mart India Ltd announces commencement of commercial operations for new multi-brand store '**BAJAJ ELECTRONICS**' on 08th July 2024. Located at No. 23, Survey no. 160, P & T Employees Co-operative Housing Society, Thokatta Village, Secunderabad Cantonment, Telangana – 500094, the store spans an area of 7,200 square feet. Part of the company's strategic growth plan, this expansion enhances its retail footprint in Telangana. https://www.bseindia.com/xml-data/corpfiling/AttachLive/b85dac65-d721-4bbd-86b8-7fb110118713.pdf |
Khoobsurat Ltd Board Meeting Outcome: On July 8, 2024, the Board of Directors of Khoobsurat Ltd approved the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSEI). The meeting commenced at 13:15 Hrs and concluded at 14:00 Hrs. This decision is aimed at streamlining the company's stock exchange listings and is intended for the information of its members. https://www.bseindia.com/xml-data/corpfiling/AttachLive/94ac8cd1-cb09-470f-b01d-61d2f9796ad6.pdf |
6. Investor PresentationShalby Ltd reported a 20.2% YoY growth in consolidated revenue, reaching ₹2,886 million in Q1 FY25. The consolidated EBITDA showed a 15.1% increase to ₹549 million. however, consolidated PAT declined to ₹147 million from ₹208 million in Q1 FY24. In the standalone performance, revenue grew by 11.06% YoY to ₹2,402 million, and EBITDA increased by 16.6% to ₹581 million. The company highlighted its implant business with a revenue of ₹259 million and ongoing 22 clinical trials. Shalby continues to expand its hospital network and franchise model across India, aiming for significant growth in the coming years. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9a787f5f-af00-4eb1-974c-2acac75bb73c.pdf |
ICICI Prudential Life Insurance Company Ltd reported robust financial performance for FY2024, showcasing significant growth across various metrics. The company achieved a Value of New Business (VNB) of ₹22.27 billion with a VNB margin of 24.6%(n.d.). Premium growth was strong, with Annualized Premium Equivalent (APE) reaching ₹90.46 billion, reflecting a 4.7% year-on-year increase(n.d.). The persistency ratio improved, with the 13th month persistency at 89.0%(n.d). The company's Assets Under Management (AUM) grew to ₹2,941.40 billion, and it maintained a solid solvency ratio of 191.8%(n.d). |
S&S Power Switchgear Ltd. is engaged in the design, manufacturing, sale, and service of high voltage disconnectors, switchgear, and control panels. The company has subsidiaries in Chennai, India, and the UK. |
Jagsonpal Finance & Leasing Ltd. is undergoing an open offer by Mr. Karthik Srinivasan to acquire up to 14,30,104 equity shares at a price of Rs. 12.50 per share. This represents 26% of the fully diluted voting equity share capital. The offer is in compliance with SEBI SAST Regulations and is not conditional on any minimum level of acceptance. The total consideration for the offer, assuming full acceptance, is Rs. 1,78,76,300. The acquirer has sufficient liquid assets to fulfill the monetary obligations under this open offer. The offer period is scheduled from August 16, 2024, to August 29, 2024, with payment of consideration by September 12, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/B471FDC0-920A-4418-BB52-138B6AE2DC07-123602.pdf |
Genus Power Infrastructures Ltd. has issued a notice to shareholders regarding the compulsory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. According to Section 124(6) of the Companies Act, 2013, shares with unpaid or unclaimed dividends for seven consecutive years will be transferred to the IEPF. |
G M Polyplast Limited has announced its board's approval for the migration to the BSE and NSE Main Board platforms and a fund raise through a Follow-On Public Offer (FPO) up to INR 50 Crores. The company, a premier manufacturer of HIPS, ABS, PET, PP, and HDPE Sheets, along with premium quality granules, emphasizes technological advancements and customer satisfaction. With a substantial production capacity of 21,600 tons, GM Polyplast is poised for further expansion to meet increasing demands. The company operates from a centrally located manufacturing plant in Silvassa and an office in Mumbai, ensuring competitive pricing and stringent quality assurance measures. https://www.bseindia.com/xml-data/corpfiling/AttachLive/d3dfddeb-cdc1-4a00-9c97-e21c647157ae.pdf |
Agro Tech Foods Ltd. has received an open offer from Centrum Capital Limited, as per the SEBI (SAST) Regulations, 2011. The Committee of Independent Directors (IDC) of Agro Tech Foods Ltd. convened on July 5, 2024, to provide a reasoned recommendation on this offer. The IDC's recommendation was published in several newspapers, including Financial Express (English), Jansatta (Hindi), Navshakti (Regional), and Mana Telangana (Regional). The soft copy of the IDC's recommendation has been attached for dissemination on the BSE Limited website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1B501571-F0A2-4604-8FCF-0B6D59DE3E72-130000.pdf |
7. Preferential basisVasudhagama Enterprises Limited will hold a Board Meeting on July 12, 2024, to consider and approve the in-principle approval from BSE Ltd. for the issue and allotment of 2,69,47,050 Equity Shares on a preferential basis. These shares, with a face value of Rs. 10/- each, will be issued at a price of Rs. 26/- per share, including a premium of Rs. 16/- per share, to non-promoters through a share swap with Zecrom Enterprises Private Limited. This move is aimed at discharging the purchase consideration of share acquisition. |
FEDDER S HOLDING LIMITED (Formerly known as IM+ Capitals Limited) announced key decisions from its Board meeting on 08 July 2024. The Board approved the allotment of 44,85,000 equity shares following the conversion of an equivalent number of warrants, increasing the company's paid-up equity share capital to Rs. 16,40,65,970. Additionally, a proposal for the sub-division of equity shares from a face value of Rs. 10/- each to Re. 1/- each was recommended, aimed at enhancing liquidity and broadening the shareholder base. The Board also noted the acquisition of approximately 60 acres in Odisha for an Iron Ore Beneficiation Plant by its subsidiary, expected to be operational by March 2025. https://www.bseindia.com/xml-data/corpfiling/AttachLive/4395e466-d199-453f-a856-44c79379b0eb.pdf |
8. Press releasesBandhan Bank Ltd has launched a suite of enhanced trade products aimed at facilitating global business transactions. These products, including Remittances, Letters of Credit (LCs), Bank Guarantees (BGs), Export Import Collection bills, and bill/invoice discounting, are designed to streamline and secure international trade operations. The initiative targets both importers and exporters, providing tailored solutions to meet diverse business needs and empowering SME and corporate customers to expand globally. Retail customers can also utilize these facilities for international remittances. |
EaseMyTrip Expands Franchise Network with New Store in Ahmedabad: |
CG Power and Industrial Solutions Ltd has announced the appointment of Mr. Amar Kaul as the new Managing Director & CEO, effective from 25th July 2024. Mr. Kaul, who joins the company on 9th July 2024 as MD & CEO-Designate, brings over 30 years of experience, including 12 years overseas. He has held senior leadership roles at Ingersoll Rand, Bharat Forge Ltd., and Delphi. The outgoing MD, Mr. N Srinivasan, has significantly improved the company's performance since 26th November 2020, achieving a 20-fold increase in share price. The transition is expected to be smooth, with Mr. Srinivasan supporting as needed. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e0d3ebb3-4b19-4717-839e-0293c4635c72.pdf |
CWD Limited has been recognized with two prestigious awards at the MSME India Business Convention + Tech India Transformation Awards held in New Delhi on June 29, 2024. The company received the titles of Best Tech Startup of the Year – IOT and Best Tech Startup of the Year – Electronics from an independent jury out of over 500 applicants. This recognition underscores CWD Limited's commitment to innovation in the fields of IoT and electronics, aiming to position India as a global product innovation hub. The company specializes in IoT solutions, offering services in product and electronics design, software development, and mass manufacturing across various industries including agriculture, health & pharma, oil & gas, utilities, consumer products, and logistics. https://www.bseindia.com/xml-data/corpfiling/AttachLive/763b071f-644b-4461-b4c4-ee35969da689.pdf |
Tata Motors Ltd reported global wholesales of 3,29,847 units in Q1 FY25, marking a 2% increase from Q1 FY24. The company's commercial vehicles and Tata Daewoo range saw a 6% rise to 93,410 units. In contrast, passenger vehicles, including electric vehicles, slightly declined by 1% to 138,682 units. Jaguar Land Rover wholesales increased by 5% to 97,755 units. The Jaguar brand sold 8,227 units, and Land Rover sold 89,528 units. This performance highlights the company's steady growth in the commercial segment and robust demand for luxury vehicles. https://www.bseindia.com/xml-data/corpfiling/AttachLive/da35da9b-5a83-421a-8a8b-b08c630aa870.pdf |
Tata Motors Ltd. Global Wholesales in Q1 FY25: The Tata Motors Group reported global wholesales of 3,29,847 units in Q1 FY25, marking a 2% increase compared to Q1 FY24. The commercial vehicles and Tata Daewoo range saw a 6% rise with 93,410 units sold. However, passenger vehicle sales, including electric vehicles, slightly declined by 1% to 138,682 units. Jaguar Land Rover wholesales increased by 5% to 97,755 vehicles, with 8,227 Jaguars and 89,528 Land Rovers sold.(Kumar Gupta, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/da35da9b-5a83-421a-8a8b-b08c630aa870.pdf |
Thomas Cook (India) Ltd. has reported a significant 25% increase in demand for monsoon travel compared to the previous year. This growth is driven by the rising interest in nature-forward experiences such as hiking, rafting, and trekking, particularly in destinations like Uttarakhand’s Valley of Flowers and Kerala’s hill retreats. The company has capitalized on off-season rates and monsoon discounts, making travel more attractive for millennials, GenZ, and working professionals. Popular destinations include Kashmir, Leh-Ladakh, and the Andamans, with a notable demand for spiritual tourism and wellness retreats in Kerala. (Parekh, n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd03e1e6-dbcf-40a9-8c59-1c6543b1c413.pdf |
Edelweiss Financial Services Ltd. has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹2,000 million. The base issue size is ₹1,000 million, with a green shoe option of up to ₹1,000 million. The NCDs, rated "CRISIL A+/ Watch Negative," offer an effective annual yield ranging from 9.50% to 11.00% per annum. They are available in 12 series with tenures of 24, 36, 60, and 120 months. The issue opens on July 8, 2024, and closes on July 22, 2024. At least 75% of the funds raised will be allocated for repayment/prepayment of existing borrowings, and the remainder will be used for general corporate purposes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6277aa71-bcc3-4690-9823-4170c4d5f0f9.pdf |
MAN Industries (India) Ltd. has announced a significant order worth INR 1,850 Crores for the supply of API 5L Grade line pipes for an offshore project. This order, one of the largest in the company's history, will be delivered over the next 12 to 18 months and includes high-value-added SAW-Pipes, enhancing EBITDA margins. With this order, the company's outstanding order book surpasses INR 4,000 Crores, with exports contributing nearly INR 3,650 Crores. |
Larsen & Toubro Ltd. has significantly expanded its renewables portfolio by securing mega orders for two Gigawatt-scale solar PV plants in the Middle East, with a combined capacity of 3.5 GW. The scope includes grid interconnections, pooling substations, and overhead transmission lines, with detailed engineering and initial construction set to begin soon. This addition boosts L&T’s renewables portfolio to 22 GWp, encompassing both solar and wind projects. Mr. T Madhava Das and Mr. S N Subrahmanyan highlighted the company's engineering prowess and commitment to sustainable energy infrastructure. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6fd50074-5a6c-4dd8-a082-1a72e4123d0e.pdf |
Ajmera Realty & Infra India Ltd reported a significant growth in Q1 FY25, with sales value increasing by 36% YoY to INR 306 crores and collections rising by 49% YoY to INR 165 crores(Prakash Jugani, n.d.). |
Godrej Industries Ltd. has announced the acquisition of Shree Vallabh Chemicals' Ethoxylation Unit II in Kheda, Gujarat, which has a manufacturing capacity of 24,000 MTPA of finished products. This strategic move, valued at approximately INR 45 Crore, aims to enhance Godrej's product offerings in oleochemicals, surfactants, specialties, and biotech by incorporating Ethoxylation technology. The acquisition aligns with the company's commitment to growth and innovation, promising cost synergies and expanded applications for customers. https://www.bseindia.com/xml-data/corpfiling/AttachLive/debef136-ae96-4080-a30f-5c699bb8c658.pdf |
VA TECH WABAG LTD. has approved the sale of its 100% stake in Wabag Water Services S.R.L., Romania as part of its strategy to optimize the Group's structure and reduce exposure to European geographies. The sale, approved on July 08, 2024, involves a consideration of EUR 1,200,000. |
Pitti Engineering Ltd has initiated a qualified institutions placement (QIP) of equity shares with a face value of ₹5 each. The board approved the QIP on May 15, 2024, and the shareholders gave their nod on June 13, 2024. The Fund Raising Committee authorized the QIP opening on July 8, 2024, and set the floor price at ₹1,054.25 per share, based on SEBI ICDR Regulations. The company may offer up to a 5% discount on this floor price. The trading window for the company's securities remains closed from June 30, 2024, until 48 hours post the financial results announcement for the quarter ended June 30, 2024. https://www.bseindia.com/xml-data/corpfiling/AttachLive/468b0d14-ef63-475c-9d95-be2f4b28fdf6.pdf |
Remedium Lifecare Ltd. held a Board Meeting on July 8, 2024. During the meeting, the Board approved raising funds up to ₹**200 Crores** through Qualified Institutional Placement (QIP) or other permissible modes. Furthermore, they allotted 30,24,00,000 fully-paid Bonus Equity Shares in a 3:1 ratio. This increase moves the paid-up equity share capital from ₹**10,08,00,000** to ₹**40,32,00,000**. The meeting took place between 12:30 PM and 2:00 PM. https://www.bseindia.com/xml-data/corpfiling/AttachLive/77362d04-3be6-48d4-b2ca-1a72c20d6ec1.pdf |
Godrej Consumer Products Ltd. reported a strong performance in Q1 FY25 despite challenging conditions. The India business saw high-single digit organic volume growth and mid-single digit value growth, with double-digit reported growth in volume and high-single digit in value terms. The Home Care and Personal Care segments contributed broadly to this growth. The Indonesia business also performed well, with high-single digit volume growth and double-digit constant currency sales growth, although currency depreciation impacted INR growth. The GAUM region faced a double-digit volume decline due to a high base effect and supply disruptions in South Africa. Despite these challenges, the company achieved strong double-digit EBITDA growth in INR terms at a consolidated level. https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e2fb6da-2be9-4ae4-91e2-cc72052f760d.pdf |
10. New AcquisitionHFCL Ltd has announced the incorporation of HFCL UK Limited, a step-down wholly owned subsidiary in the UK, through its Netherlands-based subsidiary, HFCL B.V. This strategic move aims to cater to global demand and expand HFCL's business operations overseas, particularly in the telecom industry. The new entity, with an initial share capital of GBP 1, will focus on manufacturing and trading optical fiber, optical fiber cables, and telecom and networking products. This incorporation aligns with HFCL's strategy to boost revenue from export markets and foster growth opportunities. (RE: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), n.d.) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c02b4931-d172-44e9-983d-1f1cca067207.pdf |
Ganesha Ecoverse Ltd has entered into a Share Subscription Agreement with GESL Spinners Private Limited (GSPL), a company engaged in manufacturing spun yarn and sewing thread from recycled polyester staple fiber. The acquisition, valued at approximately Rs. 46.50 Crore, involves purchasing 2,73,50,000 equity shares at Rs. 17 per share, resulting in a 45% shareholding in GSPL. This strategic investment aligns with Ganesha Ecoverse's main business and aims to utilize the funds for debt repayment, plant and machinery purchase, and other corporate purposes. The acquisition is expected to be completed within 3 to 4 months. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbb70f7e-9f2d-4e7f-8450-652146109675.pdf |
Ganesha Ecoverse Ltd has entered into a Share Subscription Agreement (SSA) with GESL Spinners Private Limited (GSPL). GSPL is a company engaged in manufacturing spun yarn and sewing thread from recycled polyester staple fiber (rPSF). |
Dixon Technologies (India) Ltd has announced a significant transaction involving the proposed subscription of a minority stake in Aditya Infotech Limited (AIL). The company has entered into a Share Subscription and Purchase Agreement (SSPA) to acquire 73,05,805 equity shares of AIL, representing 6.5% of its post-issue equity share capital, in exchange for transferring 95,00,000 equity shares of AIL Dixon Technologies Private Limited, a joint venture, to AIL. This transaction is valued at the face value of INR 1 per AIL share and INR 10 per JV Company share. |
Apollo Hospitals Enterprise Ltd. has recently revised its disclosure regarding the acquisition of 35,12,107 equity shares of Rs 10 each at a price of Rs. 294 per share, totaling Rs. 1032.56 million. This acquisition is part of a rights issue for its subsidiary, Apollo Health and Lifestyle Limited (AHLL). |
H.G. Infra Engineering Ltd has entered into a Memorandum of Understanding (MoU) dated July 08, 2024, with Ultra Vibrant Solar Energy Private Limited to acquire shares or voting rights in project companies for executing solar power plant projects. This strategic move aims to expand their business into the solar power industry. |
11. Credit RatingAGS Transact Technologies Ltd experienced a downgrade in its long-term issuer rating from 'IND A+' to 'IND A' with a stable outlook. The company's consolidated revenue declined by 12% year-over-year to INR 14.9 billion in FY24. Adjusted EBITDA margins dropped to 23.2%. The group's gross debt stood at INR 11.2 billion at FYE24, leading to a deterioration in interest coverage to 2.3x and net adjusted leverage to 3.2x. Despite these challenges, AGS Transact maintains a strong market position in the payment solutions value chain, offering services like ATM management, digital payment solutions, and cash management. The company's liquidity is supported by a planned fund raise of INR 2 billion and proposed debt of about INR 1 billion. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9cb08d30-c9c3-42f6-af45-21059b1b85b8.pdf |
Deepak Nitrite Ltd. has announced that ICRA Limited reaffirmed its long-term rating at ICRA A and short-term rating at ICRA A2+ on July 8, 2024. This rating pertains to the enhanced bank facilities totaling ₹**1402.00 Crores** of its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL). The outlook on the long-term rating remains Stable. This reaffirmation is in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. https://www.bseindia.com/xml-data/corpfiling/AttachLive/bb190723-a6df-495b-ba23-ea5a58f7c882.pdf |
Canara Bank has been assigned a CRISIL AAA/Stable rating for its Rs. 10,000 Crore Infrastructure Bonds, reflecting strong government support and a healthy market position. The bank's total assets stood at Rs. 14,91,541 crore as of March 31, 2024, with a profit after tax of Rs. 14,554 crore. Gross NPAs have improved to 4.2%, and the bank maintains a robust capital adequacy ratio of 16.3%. The liiquidity coverage ratio is superior at 129%, supported by a significant retail deposit base. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1b3ee071-6a96-4f6c-9d93-8ebcbd2a2200.pdf |
Apollo Micro Systems Ltd. has received credit ratings from Acuité Ratings & Research Limited as of July 8, 2024. The company has been assigned a long-term rating of ACUITE BBB | Stable for a bank loan quantum of Rs. 24.50 Cr. Additionally, the long-term rating of ACUITE BBB | Stable has been reaffirmed for a bank loan quantum of Rs. 284.00 Cr, and the short-term rating of ACUITE A3+ has been reaffirmed for a bank loan quantum of Rs. 85.00 Cr. This information is in accordance with Regulation 30 of the SEBI Listing Regulations. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6dce6513-ed82-4a6a-b747-85ac82a98282.pdf |
Vedant Fashions Limited has received a reaffirmation of its credit rating from CRISIL Ratings Limited as of July 05, 2024. The company's long-term bank facilities have been rated CRISIL AA with a stable outlook, while its commercial paper program has been rated CRISIL A1+. This reaffirmation reflects the company's strong financial position and stability. The detailed rating rationale is available on the CRISIL Ratings website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/3c073264-5805-4391-9533-c728e09e7f0c.pdf |
Neogen Chemicals Ltd has received updated credit ratings from CRISIL Ratings Limited for its debt instruments and bank facilities. The company’s long-term rating has been reaffirmed at CRISIL A/Stable, while the short-term rating remains at CRISIL A1. The total amount of bank facilities rated is Rs. 680 Crore. Specific ratings for various facilities include cash credit, working capital, and term loans from banks such as DBS Bank India Limited, State Bank of India, HDFC Bank Limited, Axis Bank Limited, and Kotak Mahindra Bank Limited. This information is also available on the company's website. https://www.bseindia.com/xml-data/corpfiling/AttachLive/afb5d217-6db5-43d5-b07f-31e47d9e0db1.pdf |
Keystone Realtors Ltd has received an upgraded long-term credit rating from ICRA Limited, moving from ICRA A- to ICRA A with a Positive outlook. This upgrade follows the completion of a Qualified Institution Placement (QIP) amounting to Rs 800 Crore. The rating applies to the company's Rs 1000 Crore bank facilities. The rating review was based on the Rating Agreement/Statement of Work dated December 07, 2022, and February 16, 2024. The rating is subject to annual surveillance and may be revised based on new information or changes in the terms and conditions of the bank facilities. https://www.bseindia.com/xml-data/corpfiling/AttachLive/9e023dfe-05f6-4ce8-8010-e45e21c4689e.pdf |
Dixon Technologies (India) Ltd has announced a significant strategic move by entering into a share subscription and purchase agreement (SSPA) with Aditya Infotech Limited (AIL) and AIL Dixon Technologies Private Limited. The agreement involves Dixon subscribing to 73,05,805 equity shares of AIL, representing 6.5% of AIL's post-issue equity share capital, in exchange for transferring 95,00,000 equity shares of AIL Dixon Technologies Private Limited, which constitutes 50% of the JV Company's share capital. This transaction is aimed at divesting Dixon's stake in the security surveillance industry to focus on more scalable business opportunities. The completion of this acquisition is subject to the approval of the Competition Commission of India (CCI) and other conditions precedent. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8264573-bcf3-4d60-8a96-6246d4f505d7.pdf |
VA Tech Wabag Ltd. has approved the sale of its 100% stake in Wabag Water Services S.R.L., Romania as part of its strategy to optimize its structure and reduce exposure to European geographies. The sale, approved on July 08, 2024, involves a consideration of EUR 1,200,000. |
Dixon Technologies (India) Ltd has announced a significant transaction involving the proposed subscription of a minority stake in Aditya Infotech Limited (AIL). The company has entered into a Share Subscription and Purchase Agreement (SSPA) to acquire 73,05,805 equity shares of AIL, representing 6.5% of its post-issue equity share capital, in exchange for transferring 95,00,000 equity shares of AIL Dixon Technologies Private Limited, constituting 50% of the JV Company's share capital. |
Spice Islands Industries Ltd has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it entered into a lease agreement on July 06, 2024. The company has taken on lease the Hotel Royal Excellence in Udaipur, Rajasthan, for 11 months to run its hospitality business. This decision is driven by the high tourist potential in the city. The transaction does not fall under Related Party Transactions and is conducted at arm's length. |
Torrent Power Ltd. has executed a Share Subscription and Shareholders' Agreement (SSSA) with ARS Steels & Alloy International Private Limited and Torrent Urja 14 Private Limited on July 08, 2024. The agreement aims to supply power from renewable energy sources by developing up to 50 MWp Solar Power Generating Projects in Tamil Nadu. |
HPL Electric & Power Ltd announced on 8th July 2024 that it has signed a Memorandum of Understanding (MOU) with Guangxi Ramway Technology Co. Ltd, China. This agreement focuses on local manufacturing through a phased manufacturing/technical tie-up/procurement for the assembly of Relay/Latching Relays in India. The MOU is part of the company's normal business operations and is not considered material under Regulation 30(4) of SEBI LODR. https://www.bseindia.com/xml-data/corpfiling/AttachLive/373af27b-6689-45e2-85cd-86451d2d28c7.pdf |
Ganesha Ecoverse Ltd has entered into a Share Subscription Agreement with GESL Spinners Private Limited (GSPL) to acquire 2,73,50,000 Equity Shares of GSPL at a price of Rs. 17/- per share, totaling an investment of Rs. 46,49,50,000/-. After this acquisition, Ganesha Ecoverse Ltd will hold approximately 45% of GSPL's equity. The agreement includes special rights such as the right to appoint directors and the first right to share subscription in case of new issuance. The transaction is classified as a related party transaction, as the promoters and directors of Ganesha Ecoverse Ltd are also promoters/directors of GSPL. https://www.bseindia.com/xml-data/corpfiling/AttachLive/6eeabaa6-3cfb-4ca2-9d9f-23df4d0b4225.pdf |
IEL Ltd announced several key changes during its Board of Directors meeting on July 8, 2024. IEL Ltd Mr. Hemant Harshadkumar Kayastha resigned as Chief Financial Officer to pursue better career opportunities, effective from the close of business on the same day. Mr. Arpit Singh was appointed as the new CFO and designated as Whole-Time Key Managerial Personnel. Additionally, Mr. Darshan Bipin Chandra Shah resigned as an Additional Director (Non-Executive and Independent Director) due to other professional commitments. Ms. Avani Ashwinkumar Shah was appointed as an Additional Independent Director for a term of five years, and Mr. Ajaykumar Bholanath Gupta was appointed as the Managing Director for a term of three years. The Board also reconstituted its committees to reflect these changes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/cdb3d67a-ef3f-452a-a8da-05ab342c5f90.pdf |
IEL Ltd announced significant changes in its management and board of directors on July 8, 2024. Key updates include the resignation of Mr. Hemant Harshadkumar Kayastha as Chief Financial Officer, replaced by Mr. Arpit Singh. Additionally, Mr. Darshan Bipin Chandra Shah resigned as an Independent Director, succeeded by Ms. Avani Ashwinkumar Shah. Mr. Ronit Champaklal Shah stepped down as Managing Director but remains a Director, with Mr. Ajaykumar Bholanath Gupta appointed as the new Managing Director for a three-year term. The board also reconstituted its committees to reflect these changes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/0b5f3e2b-e3f4-4762-b816-0315b19644b6.pdf |
12. Rights issueShilpa Medicare Ltd has announced the allotment of equity shares by its wholly-owned subsidiary, Shilpa Biologicals Pvt Ltd (SBPL), through a rights issue on July 8, 2024. This transaction, which involves converting pre-existing intercompany loans into equity, aims to strengthen SBPL's capital structure, improve profitability, and facilitate business growth without fresh capital infusion. The conversion may increase SBPL's net worth by over 20% of the consolidated net worth of Shilпа Medicare, potentially qualifying it as a material subsidiary in FY 2024-25. |
Narmada Agrobase Ltd has scheduled a Board Meeting on Thursday, 11th July 2024, at 3:00 P.M. at their corporate office in Ahmedabad, Gujarat. The primary agenda is to discuss and consider the issuance of equity shares on a rights basis. This meeting is in compliance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made by Neerajkumar Sureshchandra Agrawal, the Chairman and Managing Director of the company(Mumbai -400 051 To, BSE Limited Phiroze Jeejeebhoy Tower, BSE Limited Phiroze Jeejeebhoy Tower Mumbai -400 051 To & Dalal Street, Mumbai -400 001 Dalal Street Mumbai -400 001, n.d.). https://www.bseindia.com/xml-data/corpfiling/AttachLive/2b974741-9055-46ff-9848-48a0235587de.pdf |
ASIAN PETROPRODUCTS & EXPORTS LTD. has announced key updates following the Board of Directors and Rights Issue Committee meeting on July 8, 2024. The Board approved the projected working capital requirements for Fiscal 2024, 2025, and 2026. Additionally, the Rights Issue Committee set the rights issue size at up to ₹1,600 lakhs, down from the initially approved ₹2,000 lakhs. The committee also established a materiality threshold for disclosing civil litigation at one percent of the turnover for Fiscal 2023. Furthermore, the Draft Letter of Offer for the rights issue has been filed with BSE Limited for observations and in-principal approval. https://www.bseindia.com/xml-data/corpfiling/AttachLive/dd718e0f-4cc0-4033-9c38-26bda1ac020f.pdf |
Indoco Remedies Ltd. has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it received a Notice in Form GST ASMT-10 from the GST Authority on July 8, 2024. The notice, issued by the Assistant Commissioner of State Tax, Raipur, pertains to GST liabilities for the period 2023-2024, citing a potential demand of Rs. 9.99 Lakhs due to differences in the claim of ITC as per returns. The company plans to file an appropriate response within the prescribed timelines and does not anticipate this demand to materialize into a liability. https://www.bseindia.com/xml-data/corpfiling/AttachLive/34cbede1-00cd-48f1-9f58-5b6506c6859c.pdf |
Lloyds Enterprises Ltd reported a significant financial performance for FY24, surpassing Rs 1000 crores in consolidated revenue. The company's standalone revenue includes Rs 92.2 crores from dividends and interests, and Rs 316.7 crores from trading activities, marking a 368% year-on-year increase in trading income. |
Polyplex Corporation Limited announces production suspension at Khatima manufacturing plant in District Udham Singh Nagar, Uttarakhand, India effective July 8, 2024, due to heavy rain causing flood-like conditions. The company is currently estimating loss or damage to property and machinery, but there has been no loss of life. Polyplex has adequate insurance coverage, including loss of profit, to mitigate the impact of this disruption. (District Udham Singh Nagar, Uttarakhand, India) https://www.bseindia.com/xml-data/corpfiling/AttachLive/c9be53e2-d1de-400e-bfad-f1cba89cb7b5.pdf |
Dhanashree Electronics Ltd has reported that there have been no occurrences of events such as strikes or lockouts during the financial year from April 1, 2024, to March 31, 2025. This compliance update is in accordance with Regulation 30 of the SEBI (LODR) 2015. The company has confirmed that the mentioned regulation is not applicable to them for the specified financial year. This information has been duly recorded and communicated for official purposes. https://www.bseindia.com/xml-data/corpfiling/AttachLive/e027a9d9-cd69-4085-bdd2-4b76efbbdbfc.pdf |
eMudhra Ltd recently acquired TWO95 International Inc, a US-based IT services company specializing in cybersecurity and digital transformation. The acquisition, valued at $10.1million, aims to enhance eMudhra's presence in the US market, leveraging TWO95's 15-year experience and customer base of 20-25 clients. The acquisition is expected to be EPS accretive, with a revenue multiple of 1.33x and a PAT multiple of 15.53x.
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