NSE BSE Stock Updates - Business Announcements, a deep analysis

1. Work Order

Bondada Engineering Limited has received significant work orders from M/s. GOLDI SOLAR PRIVATE LIMITED for the installation and commissioning of solar power plants and the supply of Wattpower Inverters at Jambusar, Gujarat. The total value of these orders amounts to Rs. 14,64,85,436/- (including GST). The orders are domestic and do not involve any related party transactions. The promoter group has no interest in the entity awarding the orders. The execution timeline for these contracts has not been specified.

GE Power India Limited has announced the receipt of a letter of intent from NTPC GE Power Services Pvt. Limited for the renovation and modernization of LMZ Steam Turbines at Wanakbori TPS Unit No. 1 and Unit No. 2**, each with a capacity of 210 MW. The project aims to improve heat rate efficiency and extend the life of the turbines. The contract, valued at INR 2,434,636,179 plus 18% GST, is to be executed over a period of 33 months. NGSL, a joint venture between GE Power India Limited and NTPC Limited, will lead the project, with GE Power India Limited responsible for critical supplies, design, engineering, testing, and commissioning.

2. Bonus issue

DJ Mediaprint & Logistics Ltd recently approved a 2:1 bonus issue and reported significant financial growth for FY 24. The company's revenue for FY 24 increased by 12.83% year-on-year to Rs. 57.04 crore, while the net profit rose by 51% year-on-year to Rs. 5.04 crore. The board also recommended a final dividend of Rs. 0.20 (2%) per equity share of Rs. 10 for the financial year ended on March 31, 2024. Additionally, the authorized share capital of the company was increased from Rs. 15 crore to Rs. 50 crore. The company's infrastructure includes various printing machines and dedicated storage spaces across multiple locations.

Hindustan Petroleum Corporation Ltd. has announced the treatment of fractional shares arising from its bonus issue. The company will issue 1 bonus share for every 2 shares held, leading to fractional entitlements for shareholders with odd numbers of shares. These fractional shares will be credited to a dedicated Demat account. Upon receiving trading approval, the company will sell these fractional shares and distribute the net proceeds to eligible shareholders after deducting related expenses. This approach aligns with the company's past practices for handling fractional entitlements from bonus issues.

Aartech Solonics Ltd held a Board Meeting on June 20, 2024. During the meeting, several key decisions were made. The Board approved a related party transaction with Aartech Solonics UK Ltd and material related party transactions aggregating to Rs. 10 Crores for FY 2024-25.

They proposed a sub-division of equity shares from Rs. 10 to Rs. 5 each, subject to shareholder approval. The company also proposed an increase in authorized share capital from Rs. 15 Crores to Rs. 25 Crores.

Additionally, a bonus issue of 1 equity share for every 2 held was approved. The bonus shares will be issued from the company's securities premium and free reserves.

The Board also authorized loans, guarantees, and investments up to Rs. 10 Crores under Sections 185 and 186 of the Companies Act, 2013.

MILKFOOD LIMITED is preparing for a Board Meeting to discuss important matters such as interim dividend payment, bonus issue proposal, and sub-division of equity shares. The company will seek necessary approvals, including from shareholders, for these proposals. The Trading Window will be closed for designated persons from June 20, 2024, until 48 hours after the Board Meeting. The company's Regd. Office is in Punjab. Rakesh Kumar Thakur is the Company Secretary & Compliance Officer(Fort, Mumbai-400 001 Mumbai-400 001 Fort, n.d.).

3. Buyback

Bajaj Consumer Care Ltd has announced a Buyback of Equity Shares with a Record Date set for July 2, 2024. This buyback is in accordance with the SEBI (Buy-Back of Securities) Regulations, 2018 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The buyback will be conducted through the tender route, and the eligible shareholders will be determined based on the record date. The announcement was made by Vivek Mishra, Head – Legal and Company Secretary of the company.

4. Capital Clause

Real Eco-Energy Limited has scheduled a Board of Directors meeting on Thursday, July 11, 2024. The agenda includes:

- Fixing the date, time, and venue for an Extra Ordinary General Meeting (EGM)
- Approving the draft notice for the same
- Considering a proposal for the sub-division/split of equity shares with a face value of Rs. 10/- each, subject to necessary regulatory and shareholder approvals
- Discussing amendments to the capital clause of the Memorandum of Association
- Appointing a scrutinizer for the e-voting process for the EGM

Any other matters will be addressed with the Chair's permission.

Aartech Solonics Ltd held a Board Meeting on June 20, 2024. During the meeting, several key decisions were made. The Board approved a related party transaction with Aartech Solonics UK Ltd and material related party transactions aggregating to Rs. 10 Crores for FY 2024-25. They also proposed a sub-division of equity shares from Rs. 10 to Rs. 5 each, subject to shareholder approval. Furthermore, the authorized share capital will increase from Rs. 15 Crores to Rs. 25 Crores. A bonus issue of 1:2 equity shares was also approved, with the bonus shares to be issued from the securities premium and free reserves as of March 31, 2024.

Captain Pipes Limited held a Board Meeting on June 20, 2024, from 12:30 P.M. to 1:25 P.M. The Board approved an increase in the Authorized Share Capital from Rs. 16,00,00,000/- to Rs. 20,00,00,000/-, amending the capital clause in the Memorandum of Association accordingly. Additionally, the draft notice for the Extra Ordinary General Meeting (EGM) was approved, and Mr. Kishor Dudhatra was appointed as the Scrutinizer for remote e-voting.

Captain Pipes Limited held a Board Meeting on June 20, 2024. During the meeting, several key decisions were made. The Board approved an increase in the Authorized Share Capital from Rs. 16 Crores to Rs. 20 Crores, which is now divided into 20 Crores Equity Shares of Re. 1 each. A consequential amendment to the capital clause of the Memorandum of Association was also approved, updating Clause V to reflect the new capital structure. The draft notice for the Extra Ordinary General Meeting (EGM) was approved. Lastly, Mr. Kishor Dudhatra was appointed as the Scrutinizer for remote e-voting.

Equinox India Developments Limited (formerly known as Indiabulls Real Estate Limited), officially changed its name following shareholder approval at an Extraordinary General Meeting on April 30, 2024. The new name was in compliance with Regulation 30 of the SEBI LODR Regulations, 2015. The company will update its Memorandum and Articles of Association to reflect the new name and will submit requisite applications to BSE and NSE for trading under the new name and symbol. This change was effective on June 20, 2024, when the Registrar of Companies issued a fresh Certificate of Incorporation. (Shekher Joshi, n.d.)

5. New Unit

Shoppers Stop Ltd. has announced the commencement of operations from new units as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new stores are located at:

- Sears II, Gotri-Sevasi Main Road, Vadodara, Gujarat, starting from June 20, 2024.
- Elan Miracle, Dwarka Expressway, Sector 84, Gurgaon, Haryana, from June 23, 2024.
- Deep Kamal Shopping Complex 2, Near Sarthana Zoo, Nana Varachha, Surat, Gujarat, commencing in June 2024.

Jaypee Infratech Ltd has announced June 21, 2024, as the record date for determining shareholders entitled to the exit price for delisting and capital reduction. The Board of Directors fixed this date during their meeting on June 08, 2024.

Public shareholders holding 54,19,33,497 equity shares will receive an aggregate exit price of Rs. 0.14 crore. Additionally, the entire share capital of 138,89,33,497 equity shares will be reduced, delisted, and extinguished as per the Resolution Plan approved by the Hon'ble NCLT on March 07, 2023.

EKI Energy Services Ltd has successfully registered and verified the first-ever Improved Biomass Cookstove Project in Asia under VERRA's Sustainable Development Verified Impact Standard (SD VISta). This groundbreaking project aims to provide enhanced efficient cookstoves to rural households across six states in India, contributing to 10 Sustainable Development Goals (SDGs). The project is expected to reduce greenhouse gas emissions by an average of 5.4 tCO2e annually per cookstove and 2,700,000 tCO2e annually for the entire project over the crediting period, generating 945 million Verified Carbon Units (VCUs). Additionally, the project aligns with various SDGs such as No Poverty, Good Health and Well Being, Gender Equality, Affordable and Clean Energy, Decent Work and Economic Growth, Sustainable Cities and Communities, Responsible Consumption and Production, Climate Action, and Life on Land. (Sahu, n.d.)

Colab Cloud Platforms Ltd has announced a strategic diversification into the Sports Management and Sports Technology industry. This expansion targets a market opportunity valued at Rs. 15,766 crore according to the GroupM ESO Sporting Nation Report 2024.

The company plans to manage and develop sports Intellectual Properties (IPs), create Fan Engagement platforms, and develop immersive Virtual Reality (VR) and Augmented Reality (AR) experiences.

**Colab Cloud** aims to invest approximately Rs. 50 Crores in this venture, leveraging its technological expertise to drive growth and revolutionize fan engagement.

This move positions Colab Cloud to capitalize on the rapidly growing sports tech market, which is expected to see significant advancements in fan experiences and digital engagement.

Bonlon Industries Ltd issued a corrigendum on 20.06.2024 to correct a typing error in their previous intimation dated 19-06-2024. The acquisition of land was incorrectly mentioned with plot number C-116 (Corner) instead of the correct C-1116 (Corner). The accurate address is C-1116 (Corner), Industrial Area, Bandapur, Bhiwadi (Unit-II), Dist. Alwar, Rajasthan. This correction ensures accurate records for the property acquisition.

6. Investor Presentation

Confidence Petroleum India Ltd. is a leading integrated LPG and CNG provider in India, established in 1993. The company operates 15 LPG cylinder manufacturing units and 68+ LPG bottling plants across the country, serving prestigious clients like IOCL, HPCL, and BPCL. It also manages 260+ Auto LPG Dispensing Stations and has partnered with GAIL Gas India to establish 100 CNG stations, with 40+ already operational. The company imports LPG directly from top refineries and offers innovative solutions like the "Gin Kar Lo, Gin Kar Do" scheme, ensuring cost-effective and sustainable energy solutions for a wide range of customers.

Confidence Petroleum India Ltd. has achieved significant milestones in FY 2023-24, including raising ₹250 crore through a preferential allotment to BW VLGC PTE LTD, forming a 50:50 joint venture with BW LPG, and securing a Letter of Award from BPCL for CNG/mobile stationary cascades. The company expanded its network to 248+ Auto LPG Dispensing Stations and 35+ CNG stations. There was a notable increase in daily CNG sales in Bangalore to 140,000 kg. Financially, the company reported a consolidated annual revenue of ₹2,698 crore, with an EBITDA margin of 13% and a PAT margin of 4%. The strategic partnership with BW LPG aims to enhance LPG import efficiencies and operational scalability, further strengthening Confidence Petroleum’s market position.

Gulf Oil Lubricants India Ltd reported a robust financial performance for FY24, with a 15% increase in revenue, a 9% rise in EBITDA, and a 23% growth in PAT. (Through: BSE Listing Centre National Stock Exchange of India Ltd, Scrip Symbol: GULFOILLUB, n.d.)

The company maintained its strong market position, achieving a volume growth of 4%, which is more than double the industry average. (Through: BSE Listing Centre National Stock Exchange of India Ltd, Scrip Symbol: GULFOILLUB, n.d.)

**Gulf Oil's strategic initiatives** include significant investments in the EV ecosystem, with a total investment of approximately INR 148 crore. (Through: BSE Listing Centre National Stock Exchange of India Ltd, Scrip Symbol: GULFOILLUB, n.d.)

The company also focuses on premiumization, with projections indicating that the value growth in the Indian lubricants market will outpace volume growth over the next decade. (Through: BSE Listing Centre National Stock Exchange of India Ltd, Scrip Symbol: GULFOILLUB, n.d.)

Additionally, Gulf Oil has expanded its manufacturing capabilities, with facilities in Silvassa and Chennai boasting capacities of 90,000 KL and 50,000 KL per annum, respectively. (Through: BSE Listing Centre National Stock Exchange of India Ltd, Scrip Symbol: GULFOILLUB, n.d.)

Pondy Oxides & Chemicals Ltd. (POCL) is a leading manufacturer in the recycling industry, specializing in Lead and Lead Alloys, with a diversified portfolio that includes plastics, copper, and aluminum. For FY 2024, POCL reported a revenue increase to INR 1,524 Cr, up 4% from the previous year, with an EBITDA margin stable at 5%+. The company has significantly reduced its consolidated net debt by 52% to INR 71 Cr. POCL's strategic focus includes capacity expansions, technological advancements, and a robust capex plan, aiming to become a leading global recycling company by 2030. The company operates with a strong procurement network, sourcing from over 70 countries, and maintains a solid balance sheet with a net worth of INR 3,548 million.

Chatha Foods Limited, a leading manufacturer of frozen, ready-to-eat poultry and meat products in India, reported a revenue of INR 13,379.9 lakhs for the year ending March 31, 2024. This represents a growth of 14.1% from the previous year. The company's EBITDA for FY24 stood at INR 1,221 lakhs with a margin of 9.1%, while PAT was INR 616.7 lakhs.

**Chatha Foods** has a robust distribution network with 38 distributors across 40 cities and maintains strong vendor relationships, ensuring stable prices and quality. The company has also achieved FDA registration for exports to the U.S. and continues to innovate with new product developments for major brands like McDonald's and the YUM group.

Since 2021, Chatha Foods has seen significant expansion into plant-based and vegetarian products. The company reported INR 13,379.9 lakhs in revenue for FY24, reflecting a growth of 14.1% from the previous year. The EBITDA for FY24 was INR 1,221 lakhs with a margin of 9.1%, while PAT was INR 616.7 lakhs.

Dhyaani Tradeventtures Ltd held a Board of Directors meeting on June 20, 2024. During the meeting, the company approved significant changes to its Memorandum of Association (MOA). The main object clause was altered to include construction and real estate development activities, subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for July 19, 2024. M/s Mukesh J & Associates was appointed as the scrutinizer for the e-voting process for the EGM. The meeting commenced at 5:00 PM and concluded at 7:14 PM.

Jamna Auto Industries Ltd. has announced the establishment of a new manufacturing facility in Indore under its wholly-owned subsidiary, M/s. Jai Automotive Components Limited. The proposed facility will have an annual capacity of 30,000 MT, with commercial production expected to commence around January 2026. The investment required for this project is approximately Rs. 126 crore, which will be financed through internal accruals. This expansion aims to meet the increasing demand for parabolic springs.

RailTel Corporation of India Ltd has secured a significant work order from South Central Railway for telecommunication works involving the provision of IP-MPLS across 523 RKM of the Secunderabad division. The total value of the contract is ₹**20,22,05,784** (including tax). The order is domestic and is to be executed by 18-June-2025. There is no interest from the promoter group in the awarding entity, and the contract does not fall under related party transactions. The work order was received on 19-June-2024 at 15:00 hrs.

Falcon Concepts Limited received a new order from Shakuntla Educational & Welfare Society (Galgotias University) in Greater Noida, Uttar Pradesh, India. The order value amounts to Rs. 9,29,25,000. The order pertains to glass, glazing, and windows with a time period of 9 months. The entity awarding the order is a domestic entity, and there are no interests from the promoter/promoter group companies in the entity awarding the order. This transaction is not considered a related party transaction.

Ratnaveer Precision Engineering Ltd has scheduled a Board Meeting on June 28, 2024, to discuss several key proposals. The agenda includes:

* Increasing the company's authorized share capital
* Amending the Memorandum of Association
* Evaluating options for raising funds up to Rs. 95 crore through the issuance of specified securities on a preferential allotment basis, subject to necessary regulatory approvals.
* Considering converting non-convertible redeemable preference shares to convertible redeemable preference shares
* Approving the notice for convening an Extraordinary General Meeting for fund-raising purposes

The trading window for dealing in the company's securities will be closed from June 20, 2024, and will reopen 48 hours after the meeting's outcome is disclosed.

7. Preferential Basis

Shyamkamal Investments Limited has scheduled a Board Meeting on Tuesday, 25th June, 2024, at 4:00 P.M. at 301, Shail's Mall, Ahmedabad, Gujarat. The agenda includes the proposal of raising funds through the issuance of equity shares on a preferential basis. Additionally, any other business matters will be discussed with the Chairperson's permission. The trading window for insiders will be closed from 20th June, 2024, until 48 hours after the meeting's conclusion. (BSE Limited Phiroze Jeejeebhoy Tower, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai -400 001. Dalal Street, Mumbai -400 001, n.d.).

Sky Gold Ltd has announced several key outcomes from its Board Meeting held on June 20, 2024. The Board approved an increase in the company's authorized capital from Rs. 15 crores to Rs. 20 crores, altering the capital clause of the Memorandum of Association. Additionally, the issuance of up to 4,17,542 equity shares on a preferential basis was approved, involving a share swap with shareholders of Sparkling Chains Private Limited and Starmangalsutra Private Limited. The Board also approved the implementation of the "Sky Gold Limited – Employee Stock Option Scheme 2024" and the re-appointment of Mrs. Kejal Niken Shah as an Independent Director. The 1st Extra Ordinary General Meeting for the financial year 2024-25 is scheduled for July 12, 2024, to discuss these matters further.

Constrics Infra Ltd has received trading approval from BSE Limited on 20th June 2024 for 53,20,000 equity shares of Rs. 10/- each. These shares, bearing distinctive numbers from 7209042 to 12529041, were issued to non-promoters on a preferential basis. The shares will be listed and available for trading on the exchange starting Friday, June 21, 2024.

Vintage Coffee and Beverages Ltd held a Board Meeting on June 20, 2024. During the meeting, the company approved the allotment of 78,00,000 equity shares at Rs. 55 per share on a preferential basis to non-promoters. The key allottees include Saint Capital Fund with 14,0,000 shares and Necta Bloom VCC with 13,50,000 shares. The total consideration received by the company amounts to Rs. 42,90,00,000. This decision aligns with SEBI regulations and the Companies Act, 2013.

VIRTUALSOFT SYSTEMS LIMITED has scheduled a Board Meeting on June 25, 2024, at 03:00 PM at their corporate office in New Delhi. The meeting is to discuss and approve the issuance of various equity instruments, including equity shares, convertible securities, and warrants. The issuance can be through private offerings, preferential issues, or rights issues. This meeting is in accordance with the SEBI (ICDR) Regulations, 2018, and other applicable laws.

Additionally, the trading window for all designated persons and their immediate relatives will remain closed until 48 hours after the conclusion of the meeting. (n.d.)

Royal India Corporation Limited has announced a Board of Directors meeting scheduled for Tuesday, 25th June 2024. The agenda includes considering and approving a proposal to raise funds through the issuance of various financial instruments such as equity shares, convertible or non-convertible securities, or warrants. This fundraising will be conducted via preferential issue, private placements, or other permissible methods, contingent on necessary regulatory and shareholder approvals.

The meeting will take place at BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001.

City Crops Agro Ltd has scheduled a Board of Directors meeting on June 27, 2024, to discuss key agenda items. These include:

- Raising funds through a Preferential Issue
- Deciding the date, day, and place for the Annual General Meeting (AGM)
- Approving the Directors' Report and draft notice for the AGM
- Addressing any other business requiring the Chair's approval

This meeting is crucial for strategic financial decisions and organizational planning for the upcoming year.

Chandrima Mercantiles Limited has scheduled a Board of Directors meeting on 27th June 2024 to discuss several key business matters. The agenda includes:

- The raising of funds through a Preferential Issue
- An increase in the company's authorized share capital
- Determination of the date, day, and place for the Annual General Meeting (AGM)

Additionally, the board will approve:

- The Draft Notice of AGM
- The Directors Report
- Other related matters

Any other business will be addressed with the approval of the chair.

ITCONS E-Solutions Ltd held a Board of Directors meeting on June 20, 2024. During the meeting, several key decisions were made. The Board proposed increasing the authorized share capital from ₹6 Crores to ₹20 Crores. Additionally, the Board approved the inclusion of new business activities in the company's main objects.

The Board decided to raise funds by issuing up to 1,00,40,000 Convertible Equity Share Warrants at ₹71 each, aggregating to ₹71.28 Crores. The Board also authorized advancing loans and providing guarantees up to ₹200 Crores, subject to shareholder approval.

An Extraordinary General Meeting (EGM) is scheduled for July 15, 2024, to discuss these matters further.

Dev Plastics Industries Limited issued a statement refuting rumors about a preferential issue to raise capital. The company clarified that no such announcement has been made. The communication was in compliance with Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The message was signed by Tanvi Goenka, the Company Secretary. The company's registration number is CIN: L24290WB2020PLC241791. The statement was issued from the Listing Department, BSE Limited, Listing Department BSE Limited & PJ Towers, and Dalal Street, Mumbai -400 001.

8. Press release

Uravni T and Wedge Lamps Limited has announced a strategic acquisition of a majority stake in SKL (India) Private Limited. This move marks Uravi's entry into the defense sector. The acquisition involves up to ₹20.1 Crores for up to 55% of SKL India's shares, paid to the existing promoters. The first tranche will see 43.91% stake acquired, followed by an additional 6.1% in the second tranche. This move aligns with Uravi's long-term growth strategy, aiming to enhance market presence and expand product offerings. In FY24, Uravi recorded consolidated revenue of ₹42.68 Crores, an EBITDA of ₹7.11 Crores, and a net profit of ₹2.13 Crores.

Amara Raja Energy & Mobility Ltd has invested EUR 20 million to increase its stake in the European battery tech company InoBat AS, located in Norway, to approximately 9.32%. This investment aligns with Amara Raja's commitment to sustainable energy solutions and supports its vision of a greener future.

InoBat AS specializes in custom-designed batteries for electric vehicles and has shown significant growth.

**Amara Raja** is also setting up one of India's largest gigafactories for Li-ion cell and battery pack manufacturing. The first phase is expected to be operational this year.

Triveni Engineering & Industries Ltd. has announced the acquisition of an additional 36.34% stake in Sir Shadi Lal Enterprises Limited (SSEL) for ₹**44.83 crore**. This raises Triveni's total stake to 61.77%, making SSEL a subsidiary. This strategic move aims to enhance Triveni's sugar and alcohol businesses, leveraging operational and logistical synergies due to SSEL's proximity to Triveni's major sugar units. Triveni is awaiting SEBI approval for an open offer to acquire up to 26% of SSEL's voting share capital. Triveni, a leading integrated sugar producer, also excels in high-speed gears, gearboxes, and water management solutions. (BSE Limited National Stock Exchange of India Ltd., BSE Limited National Stock Exchange of India Ltd & P.J. Tower, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra, n.d.)

Dhanlaxmi Bank Limited has announced the appointment of Mr. Ajith Kumar K K as the new Managing Director & CEO, effective from June 20, 2024. Mr. Kumar, appointed by the Reserve Bank of India for a three-year term, brings over 36 years of banking experience from Federal Bank Limited. He has been recognized with the Gold award for HR Leader of the Year by the Economic Times Human Capital award. Mr. Kumar holds a degree in Agriculture from Kerala Agricultural University and an MBA from Cochin University of Science and Technology.

Jindal Stainless Ltd. recently supplied stainless steel for the production of 100 'Made in India' freight wagons exported to Mozambique. These wagons, made from grade IRSM 44 stainless steel, were designed by Jindal Rail Infrastructure Limited. They feature a payload of 63 metric tonnes each. The use of stainless steel ensures enhanced durability and lower life cycle costs due to superior corrosion resistance. Of the 100 wagons, 24 have already reached Mozambique, 26 are at the port, and 50 are en route. This development highlights India's growing export capabilities and Jindal Stainless's role in advanced manufacturing and global supply chains.

Colab Cloud Platforms Ltd has announced a strategic diversification into the Sports Management and Sports Technology market, targeting a significant market opportunity valued at Rs 15,766 crore according to the GroupM ESO Sporting Nation Report 2024. This expansion leverages Colab Cloud's advanced technology capabilities to offer innovative solutions such as management and development of sports Intellectual Properties (IPs), Fan Engagement platforms, and immersive VR and AR experiences. The Indian sports tech industry is experiencing exceptional growth, with the global sports market projected to reach $506.93 billion by 2024. Colab Cloud aims to transform the sports sector by integrating its technological expertise to enhance performance and fan experiences, positioning itself to maximize monetization potential across the entire lifecycle of sporting events.

Jupiter Wagons Ltd has achieved significant milestones in battery technology for Indian Railways. The company, in partnership with Log9 Materials, successfully completed a six-month trial of its 11.2 kWh Lithium-Ion Phosphate (LFP) battery pack for non-AC rail coaches, earning the first RDSO certification. Additionally, Siemens awarded a contract for 36 auxiliary batteries (72.8 kWh each) for 9 Vande Bharat Trainsets, with RDSO approval validating their performance and safety. The 72.8 kWh LFP battery pack also received technical qualification from BHEL for Vande Bharat Trainsets, highlighting the robustness and excellence of Jupiter's battery solutions. These advancements underscore the company's commitment to innovation and sustainability in rail transport, positioning it as a key player in the modernization of Indian Railways.

AARTI DRUGS LTD. disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a TV interview with CNBC TV 18 was held on Thursday, June 20, 2024, from 9:40 am to 9:50 am. The interview featured Mr. Adhish Patil, the Chief Financial Officer of the company. For further details, the interview can be accessed via the provided YouTube link. This disclosure is intended for informational and record-keeping purposes.

Tilaknagar Industries Ltd. has announced significant achievements for its flagship brand, Mansion House Brandy, which emerged as the largest-selling brandy in India and the second-largest globally in 2023. The brand recorded a 16.9% year-on-year growth, selling 8.3 million cases. Additionally, Courrier Napoleon Brandy saw a 60% increase in sales, making it the second-fastest growing brandy globally and the third-fastest growing spirits brand across all categories. Courrier Napoleon now ranks as the seventh-largest selling brandy worldwide. These accomplishments highlight Tilaknagar Industries' strategic focus on brandy, leading to a 16% volume growth in FY24, outperforming the overall IMFL industry growth of 2-3%.

Royal Orchid Hotels Ltd. has appointed Arjun Baljee as President, effective June 20, 2024. Arjun, a co-promoter of the company, played a pivotal role in expanding the hotel chain from two to ten hotels within six years, leading to a successful IPO in 2006.

With over 20 years of experience in sectors like real estate, technology, start-ups, and hospitality, he has also served as a strategic advisor to the Tourism Development Fund of Saudi Arabia.

Under his leadership, Royal Orchid aims to scale new heights and expand its footprint into newer geographies, driven by his expertise and innovative approach.

Goa Carbon Limited recently introduced "gcarb+", a high-quality carbon solution for the steel and foundry sectors. The product is aimed at revolutionizing the recarburiser & carbon additive markets, emphasizing quality, sustainability, and industry leadership. "gcarb+" offers guaranteed specifications, including low sulfur content, to reduce harmful emissions and support environmental sustainability. The brand launch event was attended by key industry figures, highlighting the company's commitment to innovation and environmental responsibility.

Goa Carbon Limited, established in 1967, operates plants in Goa, Bilaspur, and Paradeep with a combined annual capacity of 308,000 MT. The company serves industries like aluminum smelting, graphite electrodes, and titanium dioxide manufacturing (Department of Corporate Services BSE Limited, Thru’ Listing Centre 25th Floor, P. J. Towers, Dalai Street, Mumbai 400001 Department of Corporate Services BSE Limited, P. J. Towers Thru’ Listing Centre 25th Floor, Dalai Street 400001 Mumbai, et al., n.d.).

Tata Communications Ltd recently secured a five-year USD 250 million sustainability-linked loan from ANZ, DBS Bank, and Export Development Canada. This innovative loan is the first of its kind for Tata Communications, aligning funding with carbon emission reduction targets. The loan's interest rate margin will adjust based on Tata Communications' progress towards these targets. The company aims to achieve net zero across its global operations by 2035, demonstrating a strong commitment to sustainability and responsible finance. (Dear Sir / Madam, Sub: Third Party Press Release -ANZ, DBS BANK & EDC CLOSE MAIDEN SUSTAINABILITY LOAN FOR TATA COMMUNICATIONS, n.d.)

Tata Communications Limited recently launched a Unified/Single-Vendor Hosted Secure Access Service Edge (SASE) in partnership with Versa Networks. This solution combines Software-Defined Wide Area Network (SD-WAN) and secure service edge capabilities for cloud-based environments, offering secure, scalable, and agile deployment.

The Hosted SASE solution aims to address challenges faced by enterprises in adopting SASE solutions, providing carrier-grade connectivity, advanced detection, and real-time protection against cyber threats.

According to Patel (n.d.), this collaboration between Tata Communications and Versa Networks will offer enterprises a more cost-effective and efficient solution. Tata Communications estimates a 40% lower cost of ownership with their Hosted SASE compared to deploying point solutions.

Mphasis Ltd announced the appointment of Vinay Kalingara as the Head of Investor Relations on June 20, 2024. Vinay brings over 25 years of experience in Investor Relations and IT services, previously working at LTIMindtree, Mindtree, and Hexaware. His expertise aims to enhance engagement with investors and analysts.

**Mphasis** focuses on cloud and cognitive services, with a customer-centric approach reflected in their Front2Back™ Transformation approach(**n.d.**).

Infosys Ltd. will ring The Opening Bell® at the New York Stock Exchange on June 21, 2024, celebrating 25 years of being listed in the U.S.

**Salil Parekh**, CEO, and Jayesh Sanghrajka, CFO, will lead the ceremony.

Since its 1999 U.S. listing, Infosys has achieved a 22% revenue Compound Annual Growth Rate (CAGR) and 15% market cap CAGR.

The company is recognized as a Top 100 global brand by Kantar BrandZ and the fastest-growing IT services brand over five years by Brand Finance.

**Infosys** is also carbon neutral for the fifth consecutive year and was named one of TIME Magazine’s World’s Best Companies of 2023.

Hampton Sky Realty Ltd has announced an ambitious plan to venture into the hospitality sector by constructing state-of-the-art luxury hotels on its owned land in collaboration with esteemed luxury hotel chains. This project aims to redefine opulence and hospitality, setting new benchmarks for luxury accommodation in the region. The hotels will feature luxurious accommodations, world-class dining options, spa and wellness facilities, and cutting-edge conference and event spaces, targeting both leisure and business travelers. Hampton's strategic collaboration with a leading operational management company will ensure seamless operations and exceptional service delivery. This initiative underscores Hampton's commitment to innovation, excellence, and strategic growth in real estate development.

9. Acquisition

Amara Raja Energy & Mobility Ltd has announced an investment of EUR 20 million in InoBat AS, a pioneering company in electric vehicle battery technology. This investment will increase Amara Raja's equity stake in InoBat to 9.32%. InoBat, based in Oslo, Norway, and its subsidiary InoBat Auto JSA in Slovakia, focus on the research, development, and production of lithium-ion battery cells. This strategic move aligns with Amara Raja's 'Energy & Mobility' strategy, aiming to advance green technologies and maintain leadership in the sector. The acquisition is expected to be completed by July 31, 2024, subject to regulatory approvals and conditions. (National Stock Exchange of India Limited BSE Limited Listing Compliance Department Corporate Relations Department “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra -Kurla Complex Dalal Street, Fort Bandra East, Mumbai -400 051 Mumbai -400 001, n.d.)

JSW Infrastructure Ltd has announced the incorporation of a wholly owned subsidiary, JSW Port Logistics Private Limited, on June 19, 2024. The new entity, with an authorized and paid-up capital of 10,000 equity shares at ₹**10** each, aims to expand JSW Infrastructure's presence in logistics infrastructure, warehousing, and container freight stations. The initial capital subscription is ₹**1,00,000** in cash. As a newly incorporated entity, JSW Port Logistics has yet to commence business operations and thus has no turnover data available.

Clean Science and Technology Ltd has invested in its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL), by subscribing to an additional 8,36,121 equity shares. The shares were issued at a face value of Rs. 10 each, with a premium of Rs. 588 per share, totaling Rs. 50,00,00,358. This investment, dated 20th June 2024, aims to fund CFCL's growth capital expenditures.

**CFCL**, incorporated on 22nd March 2022, operates in the specialty chemicals industry. The company reported a turnover of Rs. 1.92 Crore for the financial year ending 31st March 2024.

The transaction was conducted at arm's length and does not require any governmental or regulatory approvals.

Triveni Engineering & Industries Ltd. has announced the acquisition of 19,07,743 fully paid-up equity shares of Sir Shadi Lal Enterprises Limited, representing 36.34% of its total shareholding, for Rs. 235 per share, totaling approximately Rs. 44.83 crore.

This acquisition, executed through a Share Purchase Agreement, increases Triveni's stake to 61.77%, making Sir Shadi Lal Enterprises a subsidiary.

The target company, involved in sugar and alcohol manufacturing, reported a turnover of Rs. 462.15 crore and a loss of Rs. 9.18 crore for the year ending March 31, 2024.

10. Credit Rating

PNB Gilts Ltd., a subsidiary of Punjab National Bank, has had its short-term debt rating affirmed at '**IND A1+**' by India Ratings and Research as of June 20, 2024.

The rating covers short-term bank loans of INR 20 billion and short-term inter-corporate deposits of INR 10 billion.

The affirmation reflects the company's strategic importance to its parent, adequate risk management practices, and sufficient capitalization, with a capital adequacy ratio (CAR) of 34.0% at the end of FY24.

However, the company's profitability remains volatile due to its interest-sensitive business model and lack of revenue diversification.

Beardsell Ltd has experienced a recent downgrade in its long-term rating for a Rs. 50 crore fixed deposit limit by ICRA, moving from [ICRA]BB+ (Stable) to [ICRA]B+ (Stable) and being categorized as 'Issuer Not Cooperating'(n.d.).

Despite this, Beardsell Ltd maintains its existing long-term ratings of CARE BBB-; Stable and CARE A3 from CARE Ratings Limited for its fund-based and non-fund-based bank borrowing facilities(n.d.).

**Beardsell Ltd**, incorporated in 1936, manufactures insulation products and trades in industrial motors. The company has six manufacturing units across India(n.d).

The downgrade was due to the company's non-cooperation in providing requisite information for the rating review(n.d).

Shree Cement Ltd. has received a reaffirmation of its credit rating from CRISIL Ratings Limited. The rating for its commercial paper, amounting to Rs. 500 crores, has been maintained at CRISIL A1+. This rating action was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Terai Tea Co. Ltd recently received a credit rating review from CRISIL Ratings. The company's bank loan facilities were rated as CRISIL BBB-/Stable for long-term and CRISIL A3 for short-term. The total bank loan facilities rated amounted to Rs. 49.81 crore.

CRISIL Ratings emphasized continuous surveillance and review of all ratings, with the ability to withdraw or revise ratings based on new information or circumstances. The rating letter from CRISIL is available on the company's website for reference.

Contacts:
- The Secretary, Bombay Stock Exchange Ltd, PhirozeJeejeebhoy Towers 25" Floor, Dalal Street, Mumbai -400 001.
- The Secretary, Calcutta Stock Exchange Ltd, 7, Lyons Range, Kolkata-700 001.

Colab Cloud Platforms Ltd announces strategic diversification into Sports Management and Sports Technology industry with a market opportunity valued at Rs. 15,766 crore. This expansion will leverage the company's advanced technology capabilities to offer solutions in:

- Sports management
- Technology
- Marketing

Including:

- Virtual Reality (VR) and Augmented Reality (AR) experiences.

**Colab Cloud Platforms Ltd** plans to invest approximately Rs. 50 Crores in this new venture, aiming to:

- Revolutionize fan engagement
- Capitalize on India's growing sports tech market.

AJR Infra And Tolling Limited (formerly Gammon Infrastructure Projects Limited) disclosed a proposal to sell/transfer/dilute 100% of the total paid-up capital of its subsidiaries, Sikkim Hydro Power Ventures Limited and Ras Cities And Townships Private Limited, at fair market value. The sale will not involve related parties and is subject to shareholder and statutory approvals. The Board will seek approval in an Extraordinary General Meeting soon.

Mukka Proteins Ltd has executed an amended Shareholders Agreement with Ento Proteins Private Limited (EPPL) and Holocene Ecosolutions Private Limited (HEPL) on 20th June 2024. The amendment follows an investment of Rs. 10 Crore by Mukka Proteins in EPPL.

Post-amendment, Mukka Proteins and HEPL will hold 74:26 equity in EPPL. Mukka Proteins is infusing Rs. 7 Crore in capital and granting an optional convertible loan of Rs. 3 Crore.

The agreement includes special rights such as the appointment of directors and restrictions on HEPL's collaborations.

Standard Capital Markets Ltd. has announced the incorporation of a wholly-owned subsidiary, Standard Insurance Broking Limited, effective from June 19, 2024. The new entity, authorized with a capital of ₹10,000,000 divided into 1,000,000 equity shares of ₹10 each, will operate as a direct broker under the Insurance Regulatory and Development Authority of India (IRDAI) regulations. The acquisition is a related party transaction, with 100% initial subscription to the share capital in cash. The subsidiary aims to expand the company's footprint in the insurance broking industry, leveraging regulatory approvals already in place.

Kamdhenu Limited recently completed the acquisition of 2,11,000 Equity Shares of VMS TMT Limited, representing 1.56% of the equity share capital. The acquisition was made at an issue price of Rs. 230 per share on a preferential basis. This transaction was disclosed under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company provided all necessary details in compliance with SEBI regulations through a letter submitted on June 17, 2024.

Fraser and Company Ltd has announced the resignation of its Managing Director, Mr. Kaustubh Ravindra Shetye (DIN: 08545901), effective from June 19, 2024, due to personal reasons. The resignation was communicated to the Bombay Stock Exchange and The CSE Limited, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary disclosures in Annexure A, including the cessation date and the number of shares held by Mr. Shetye, which totals 46,473 shares. The effective date of his resignation will be confirmed in the upcoming Board Meeting.

Vesuvius India Limited announced the resignation of Mr. Nitin Jain as Managing Director, effective from June 30, 2024. The company appointed Mr. Mohinder Rajput as the new Managing Director from July 1, 2024, for a five-year term.

Mr. Rajput, a Metallurgical Engineer with an MBA from Harvard University, brings extensive international business experience from companies like Hilti Corporation and Boston Consulting Group.

The Board meeting where these changes were approved took place on June 20, 2024 at the BSE Limited National Stock Exchange of India Limited Listing Department, Exchange Plaza.

Mangalam Seeds Ltd has announced the resignation of its statutory auditors, M/s. Piyush J. Shah & Co., effective June 20, 2024. The resignation was due to the auditors' pre-occupation with other assignments. The firm confirmed that there were no disputes with the management or concerns about information suppression. The resignation is subject to approval by the Audit Committee and Board of Directors in upcoming meetings. The latest audit report for the year ended March 31, 2024, was submitted on May 29, 2024.

Reliance Capital Ltd. is undergoing a corporate insolvency resolution process, with the resolution plan submitted by IndusInd International Holdings Ltd. (IIHL) approved by the National Company Law Tribunal (NCLT) on February 27, 2024. The company has sought a 90-day extension from May 27, 2024, for implementing the approved resolution plan. The next hearing is scheduled for June 25, 2024. The Reserve Bank of India (RBI) had previously superseded the company's board on November 29, 2021, appointing Shri Nageswara Rao Y as the Administrator. A Monitoring Committee has been established to oversee the implementation of the resolution plan.

Winsome Yarns Ltd. has announced the receipt of three Resolution Plans under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with the Insolvency Bankruptcy Code, 2016. This information was disclosed by the Resolution Professional, indicating the number of plans received from the Prospective Resolution Applicants (PRAs) listed in the Final List. The company is currently under Corporate Insolvency Resolution Process (CIRP).

11. Rights issue

Share India Securities Limited has approved the allotment of 9,80,802 fully paid-up equity shares of the company, each with a face value of Rs 10, following the conversion of detachable warrants. The conversion amount was Rs 525 per detachable warrant, covering the balance payable for the conversion. This decision was made during the Rights Issue Committee meeting held on June 20, 2024, which commenced at 02:30 PM and concluded at 03:00 PM.

Purple Finance Limited has announced the approval of a Rights Issue to raise up to ₹45 Crores. The Board of Directors approved this issuance during their meeting on June 20, 2024. The Rights Issue will offer fully paid-up equity shares to eligible shareholders as of a record date, which will be determined and notified later. The meeting commenced at 12:00 p.m. and concluded at 12:36 p.m. The issuance is in accordance with SEBI regulations and subject to necessary approvals.

SIR SHADI LAL ENTERPRISES LTD. has disclosed under Regulation 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, regarding a Share Purchase Agreement (SPA) dated June 20, 2024.

The promoters, Mr. Rajat Lal, Mrs. Poonam Lal, and Mr. Rahul Lal, have sold their entire shareholding of 19,07,743 equity shares (36.34% of the share capital) to Triveni Engineering and Industries Limited at Rs. 235 per share.

Post-transaction, Triveni holds 61.77% of the company's total shareholding.

The SPA includes customary clauses and the appointment of Mr. Tarun Sawhney as Additional Director.

Voltas Ltd. has executed a Share Purchase Agreement with its step-down wholly owned subsidiary, Universal MEP Projects Pte Limited (UMPPL), for the transfer of its direct investments in three overseas subsidiaries:

* Weathermaker FZE (UAE) (100%)
* Saudi Ensas Company for Engineering Services WLL (Saudi Arabia) (92%)
* Lalbuksh Voltas Engineering Services and Trading LLC (Oman) (20%)

The total consideration for this sale is approximately ₹**112 crores**. The transactions, approved by the Audit Committee and the Board, are expected to be completed by 30th September, 2024, subject to necessary approvals. Post-transfer, Voltas Ltd.'s economic interest in these subsidiaries will remain intact.

13. Special Dividend

Xchanging Solutions Ltd. has announced the Tax Deduction at Source (TDS) on the Final Dividend, including a Special Dividend, for the financial year ending March 31, 2024. The final dividend is INR 4 per equity share, which includes a special dividend of INR 2 per share. The record date for determining eligible shareholders is June 14, 2024. Shareholders must update their bank mandates and PAN details with KFin Technologies Limited by June 25, 2024, to ensure proper TDS application. The TDS rates vary based on the shareholder's residential status and the provided documentation.

TD Power Systems Ltd. has received a temporary injunction from the Honorable Additional Civil Judge & JMFC at Nelamangala Court on June 18, 2024. The company received the injunction on June 19, 2024. This injunction restrains the Workers' Union from obstructing the company's operations, including the movement of employees and vehicles carrying goods, during a strike or agitation. The union is permitted to agitate only beyond 25 meters from the factory gates for six months from the date of the order. This legal relief ensures the uninterrupted operation of the company's business during this period (Rajwani et al., n.d.).

Standard Shoe Sole and Mould (India) Ltd. has announced the withdrawal of its previous intimation regarding the book closure for the purpose of an Extraordinary General Meeting (EGM). Initially scheduled for July 1, 2024, the company has determined that the book closure is unnecessary and has thus retracted the notice dated June 18, 2024. This update was communicated to BSE Limited on June 20, 2024, and signed by Rakesh Kolla, the Whole-time Director of the company.

SUKHJIT STARCH & CHEMICALS LTD. has submitted an intimation under Regulation 31A(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the partial withdrawal of the reclassification application for Ms. Nandini Oberoi from 'Promoter Group' to 'Public' category shareholder. The withdrawal is due to the requirement of prior shareholder approval as per Regulation 31A(3)(a)(iii). This update follows their previous intimation dated March 29, 2024, concerning the reclassification of Mr. Rohit Grover and Ms. Nandini Oberoi.