Recent Update

Board approved issuance of up to INR 100 Cr in secured NCDs on private placement (INR 75 Cr + INR 25 Cr), with coupon rates of 13.60% and 13.88% respectively, tenure 36 months. Radhika Venugopal re-appointed as Whole-time Director & CFO for three years.

NLC India Renewables Ltd signed a JV with OREDA for 1,000 MW green energy projects in Odisha, including solar, wind, hybrid, and storage, subject to approvals.

Sunil Agrawal, CFO of LIC, resigned effective July 14, 2026, to pursue better prospects. No successor was named.

Board approved raising of funds up to Rs 21 Cr via rights issue of equity shares, subject to regulatory approvals.

Eforu Entertainment signed a Film Purchase Agreement with BUDDHIPRIYAY PICTURES LLP to acquire film rights and handle promotion, marketing, and distribution, with a total estimated outlay of approximately ₹5 Crore.

Embassy Developments signed a non-binding MoU with the Government of Uttar Pradesh for a proposed ~₹1,500 crore commercial real estate development in Lucknow, spanning ~2.5–3.0 million sq ft.

Texel Industries Limited received the AASHTO Compliance Authentication Certificate for its Geotextiles (GTX) Work Plan at its Kheda, Gujarat facility, confirming adherence to international quality standards.

Chief Financial Officer Ajay Kumar has resigned due to personal reasons, effective June 24, 2026. The board accepted his resignation and relieved him of duties.

Saboo Sodium Chloro received BSE in-principle approval for a Rs. 47.57 Crore rights issue of partly paid-up equity shares.

Board approved allotment of 10.41Cr equity shares at INR 1 per share upon partial conversion of 11 FCCBs of USD 11,00,000. Paid-up capital increased to INR 76.19 Cr. 259 FCCBs remain outstanding.

RDB Real Estate Constructions announced the immediate resignation of CFO Harsh Jhunjhunwala, citing personal and professional commitments. The Board accepted the resignation with immediate effect.

Promoters Premratan and Bimladevi Damani will gift their entire 62.89% stake (4,393,960 shares) to son Rajesh Damani, consolidating control in a single immediate relative without consideration.

Muthoot Capital received a binding bid of up to Rs 96 crore for a stressed loan portfolio with Rs 209.10 crore principal outstanding. The transaction will follow the Swiss Challenge method for finalization.

Praxis Home Retail Limited has signed an unsecured inter-corporate loan agreement with CMS IT Services Private Limited for up to Rs 14.50 crore at 11% interest for working capital, with Rs 4 crore already drawn as of June 23, 2026.

K.V. Toys held a group analyst and institutional investor meeting via Zoom on June 23, 2026, attended by funds including Equisense, Golden Sparrow, and Helios. No unpublished price sensitive information was discussed.

UNICO GLOBAL (non-promoter) converted warrants to equity: 0 to 40M voting shares. Mode: conversion.

Board approved raising of up to Rs 18 Cr via rights issue. Board also approved appointment of Mr. Sunil Shantilal as Chief Financial Officer.

Gujarat Inject Kerala Ltd announced the death of its Whole-Time Director, Chief Financial Officer, and Chairman, Deepak Diwan Bachwani, on June 23, 2026. He simultaneously held three critical leadership roles.

Board approved altering MOA object clause to expand into textiles, investment holding, and real estate/infrastructure, subject to shareholder approval. Withdrew proposed name change to 'Brham Well-being & Lifestyle Corporation Limited'; evaluating new name aligned with revised objects. Adopted new MOA compliant with Companies Act 2013.

Board approved advancing loan/ giving guarantee/ providing security under Section 185 of the Companies Act, 2013 up to an aggregate amount of Rs. 50.00 Crores, subject to member approval.

Board meeting on June 30, 2026 to consider and approve fund raising via equity shares, warrants, convertible securities, including QIP, rights issue, or preferential allotment.

Milestone Furniture Limited announced a delay in filing audited financial results for the year ended March 31, 2026, citing a key director's brain hemorrhage. The company is working to finalize results and will submit them as soon as possible.

Tata Elxsi and Sky marked a milestone in AI-led autonomous network transformation using the NEURON platform, delivering up to 30% operational efficiency gains and 60-70% cost efficiencies.

Sunny S. Singhi (promoter) bought 13,22,154 sh via off-mkt inter-se trf; post-acq 13,22,404 sh.

Board approved acquisition of additional 20.04% stake in subsidiary Munim ERP Private Limited for Rs 12.23 Cr via conversion of inter-corporate loan, increasing holding to 70.05%. The subsidiary had negative net worth and turnover of Rs 1.96 Cr for FY26.

Board meeting on 29 June 2026 to consider increase in authorized capital, borrowing limits, and acquisition of equity shares in another company.

Bodhi Tree Multimedia secured a strategic mandate from the Government of Assam to develop, launch, and manage the state's official digital content platform, marking a shift towards platform-led recurring revenue.

BDL received orders worth ₹1,347.71 crore from HAL for Helina Launchers and CMDS LRUs, to be executed over 24-60 months.

Promoter group member Mrinaal Mittal will sell up to 2.99% equity (4.68 million shares) in the open market between June 25 and August 31, 2026, to achieve minimum public shareholding. Promoter group currently holds 77.99%.

Board approved sale of Wind Mill segment (turnover Rs 28.5 Lakh, 0.2% of total) to third parties for Rs 2.45 Cr, against net worth of Rs 43.18 Cr. Company cited strategic non-core nature and resource optimization. No significant impact expected.

MICL Group secured Intimation of Approval for its Tardeo 2.0 luxury project in South Mumbai, with a Gross Development Value exceeding ₹2,000 crores and launch planned for FY27. Cumulative GDV from three South Mumbai projects exceeds ₹8,000 crores, providing strong growth pipeline visibility.

Board approved enabling resolutions to raise capital via QIP of up to Rs 1,250 Cr and NCDs up to Rs 500 Cr, subject to member nod at the 10th AGM on September 9, 2026. Mr. Vasudevan P N re-appointed as MD & CEO for 3 years effective July 23, 2026. Mr. Mukund Barsagade appointed as CFO effective July 1, 2026.

Desco Infratech's subsidiary commissioned Phase-1 of a 5 TPD CBG plant in Bulandshahr, Uttar Pradesh with 1 TPD initial capacity. Commercial sales to begin shortly, marking entry into renewable energy.

Digilogic Systems receives Rs.1.60 crore order from Defence PSU for a static test jig, delivery by Feb 2027.

United Drilling Tools received a Rs. 1.61 crore repeat export order from Argentera Oil and Gas, Brazil, for casing pipes with multi-start connectors to Petrobras, to be executed over 4-5 months.

Board approved disinvestment of entire remaining partnership interest in Shri Bajrang Chemical Distillery LLP, subject to consents. Mr. Anand Goel designated as Chairman & MD. Independent Director Mr. Rakesh Kumar Mehra to cease on 28 June, Mr. Anshul Dave reappointed for second term, subject to shareholder approval.

Star Cement declared preferred bidder for limestone mining lease in Assam, covering 123 hectares with estimated resource of 207.8 million tonnes.

Kanta Agarwala (non-promoter) bought 15k shares of E&E via open market, stake 0→6.25%.

SHREE GANESH BIO-TECH sold 86.48L shares of SUNCARE in open market, stake now 1.89%.

Shree Marutinandan Tubes Limited has received a purchase order worth approx. ₹0.76 crore from Mehta & Associates Fire Protection for fire fighting systems at POWERGRID Kurnool Transmission project, to be executed by December 2026.

ACRE (non-promoter) sold 4,875,572 sh in VISA Chrome, VR 23,787,833→18,912,261, open market.

Shri Nakoda Logistics (Promoter) sold 1,115,797 shrs open mkt; before 3,254,150; after 2,138,353.

Nikita Hiren Patel (non-promoter) sold 1,019,052 shrs (7.1%) via open mkt; VR: 2,463,896→1,444,844.

Received ₹5.02 Cr purchase order from domestic steel customer for two-roll straightening machine. Order book stands at ₹81.71 Cr.

Shilpa Biologicals commissioned one of India's few integrated Antibody-Drug Conjugate GMP manufacturing facilities, designed to meet US FDA and EMA standards, positioning Shilpa Medicare as a cost-competitive CDMO partner for global oncology ADC drug substance manufacturing.

Board meeting on 7th July 2026 to consider and approve a proposal for issue of bonus shares, subject to requisite approvals.

Vikas Ecotech disclosed that its promoter received a Provisional Attachment Order from the Enforcement Directorate concerning foreign entities/FPIs and alleged predicate offences, with no alleged offence against the company or promoters and no operational impact.

Clean Max Enviro Energy Solutions approved corporate guarantees totaling INR 474.27 crore for five subsidiaries' term loans. The guarantees are contingent liabilities with no immediate impact; promoters are not interested and the transaction is at arm's length.

Board meeting on June 29, 2026 to consider a buyback of equity shares. Trading window closed from June 23 until 48 hours after the outcome.

Board approved fund raise via preferential issue of up to 1.51 Cr equity shares at Rs 14.33/share (~Rs 21.7 Cr) and up to 38.38 lakh warrants at Rs 14.33/warrant (~Rs 5.5 Cr), aggregating ~Rs 27.2 Cr, subject to shareholder approval at EGM.