Recent Update

Jash Process Equipment won its largest-ever order of over Rs63 crore from Jindal Steel, taking its order book to nearly Rs100 crore. Consolidated order book crossed Rs1,000 crore for first time, strengthening confidence in exceeding Rs1,500 crore revenue by 2031. Context: aiding expected H2 repair after weak H1.

Corrigendum cancels Gunny Dealers' SPA to buy 42.66 lakh shares (13.87%) from Blancatex AG; G Jerambhai's SPA for 40.74 lakh shares from Jayshree Wadhwa continues. Open offer upsized to 79.96 lakh shares (26% equity) for Rs 23.59 crore. Context: scaling back the planned control consolidation.

Received domestic work order worth ~Rs19 crore excluding GST to design, manufacture, supply, install and commission AGV car parking system over 18 months. Ordinary course, customer undisclosed.

Received approx Rs19.0 crore domestic work order for design, manufacture, supply, installation and commissioning of AGV car parking system, to be executed in 18 months.

TechD won 39 domestic orders worth Rs1.71Cr incl GST: Aditya Birla Capital staff augmentation Rs87.66L (6-12 months), ICICI Securities audit Rs24.08L (6 months), plus 37 small audits/VAPT/SOC jobs Rs33.45L received Nov 2-7.

Received Rs 24.25 crore (ex-taxes) domestic order from Secutech Automation for SCADA/automation panels for Noida data centre, to be executed in 3 months.

ABOR Projects LLP, JV of Oriental Rail and AB Composites, received Rs44.19 crore LoA from Central Railway Parel for turnkey refurbishment of 75 LHB coaches including furnishing, seats and electrical work within 18 months. Context: first commercial conversion of refurbishment pipeline.

Board approved issuance of 350 unlisted secured redeemable NCDs of Rs10 lakh each aggregating Rs35 Cr via private placement in one or more tranches, tenure 18 months at 16.5% p.a. First large debt raise since listing, shifting net-cash posture to leveraged; follows closely on heels of large warrant proposal while IPO machinery funds remain largely

Seamec-Posh consortium won L&T LOA for ONGC PRP-X subsea installation. Seamec scope USD 26.14M ex-GST, to be completed by May 2027.

Tata Power appealed September 7 in Singapore against August 26 SICC order in Kleros case, hearing January 19 2027. SICC ordered enforcement September 17 and asset disclosure October 26; sheriff served November 6 attachment of shares in Tata Power International and Bhira Investments, pledged to lenders.

Allotted 39.97 lakh warrants at Rs40.50 for Rs16.19cr to promoter Bagdiya and Zest Performancewear LLP after AGM and NSE approvals, receiving 25% upfront Rs4.20cr with balance within 18 months, raising promoter stake to 56.76% on conversion. Context: advances insider preferential funding stage.

ITAT Mumbai allowed Baroda Rayon's quantum and penalty appeals for AY2014-15, ordering deletion of Rs12.15 crore addition under Section 68 and Rs4.13 crore penalty under Section 271(1)(c). Order dated Aug 27, 2026 was received Nov 7, 2026.

Vitol Asia terminated its April 2022 voluntary emission reduction purchase agreement on Nov 4 alleging default and invoked the USD10m HSBC bank guarantee backed by ICICI counter-guarantee. EKI disputes termination and invocation as baseless and will contest via arbitration, citing Rs418.93cr standalone net worth.

Company redeemed in full all outstanding Rs25 crore NCDs issued in 2025, with nothing outstanding. It said subsequent NCD issuance at 12% versus 20% earlier lowers borrowing and finance costs, improves liquidity and debt servicing, optimizes capital structure and adds flexibility.

Rajesh Kumar Acharya resigned as Chief Financial Officer (KMP) citing medical reasons, effective close of business November 13, 2026, per letter dated November 7, 2026. No successor disclosed. Context: under six months after appointment.

Board approved 4 wholly owned subsidiaries: Singapore SGD 500k, Mauritius USD 500k, Dubai AED 1M for audit/cyber services, India Rs 20 lakh semiconductor unit, plus open-ended top-ups. First subsidiaries for debt-free domestic audit firm with no prior subs; first overseas footprint and second new vertical after EdTech bet, marking shift from pure

Amarnath Securities board meets on 12 Nov 2026 to approve unaudited Q2 and H1 results ended 30 Sep 2026 and consider 11 lakh share preferential allotment via loan conversion, Rs 50 crore fundraise via preferential/rights issue, and convertible warrants issue.

Nirma (promoter) sold 36.8L shares open market; holding 91896285 to 88216285

Ashiana Ispat, under CIRP, informed BSE that its IRP will consider Q2 and H1 FY27 unaudited results on 14 Nov 2026. Trading window closed since 1 Oct 2026 till 48 hrs post results.

Secured Rs26.44 crore (ex-GST) domestic order from Garden Reach Shipbuilders for specialised defence components including control cards, inverters, motors and evaporators, deliverable by 5 July 2027.

BSE granted in-principle approval on 6 Nov 2026 for preferential issue of 1,26,47,400 shares at Rs 66 via share swap for 51% Truvolt acquisition, pending shareholder approval.

Received Rs 33.34 cr GST demand with interest and penalty for FY18-FY20 on GTA service valuation from Commissioner Appeals Thane, order dated Nov 5 received Nov 6. Company says tax appropriately paid, demand not tenable, will appeal. Context: scale far above previously disclosed disputes.

BSE granted in-principle approval for preferential issue of 5 lakh warrants to promoter at not less than Rs147.39 each, convertible into 5 lakh Rs10 shares, subject to statutory approvals; listing application after allotment.

H1 wins ₹429Cr Q2 ₹298Cr EV ₹157Cr 5.8x YoY new JSW/MG USA exports aftermarket 79 launches 1250+SKUs 10% revenue target margin recovery ahead

Board approved SHA with TPG SG Arca for up to Rs800Cr in Arka Fincap via CCPS: Rs525Cr tranche1, Rs275Cr tranche2; KOEL stake to 68.6% then 62.6%. TPG entry backs Arka's secured-retail pivot toward eventual standalone; growth capital to deepen reach, tech and risk capabilities while KOEL retains majority. Second Rs275Cr tranche needs milestones a

Infomerics downgraded LT to BB+ Negative INC

Signed 5-year data/API integration agreement with BPCL for IoT-AI Hygiair washroom hygiene devices across pan-India retail outlets. Targets 5000+ units via channel partners for about Rs10 crore hardware plus subscription revenue over five years with no firm BPCL purchase commitment. Context: first hygiene IoT product beyond core AV business.

Four sponsor-group entities pledged 607,460,807 Knowledge Realty Trust units, 13.71% of outstanding units and 100% of their holdings, to Catalyst Trusteeship on 6 Nov 2026 to secure borrowings under amended facility until 25 Sep 2029 for offshore business purposes.

99%-owned subsidiary Rishit Polysurf LLP executed a business transfer agreement on Nov 6, 2026 to sell its chemical manufacturing business as a going concern on slump-sale basis to Vasudha Specialities Emulsifiers for Rs 29.61 crore cash consideration, in a non-related-party transaction.

Board approved Scheme of Amalgamation of Ace Alpha Tech into Share India Securities as going concern under Sec 230-232. Swap ratio 863 Share India Rs2 shares for 1000 Ace Alpha Rs10 shares. Moves earlier in-principle merger proposal to board-approved Scheme with first swap terms. Combines tech business with broking platform for integrated growth.

Birlasoft CEO and MD Angan Guha resigned due to personal reasons, effective December 7, 2026. Board appointed Madhavan Hariharan, CKA Birla Group CFO and Head of Strategy since 2018, as Additional Director, CEO and MD for two years from December 8, subject to shareholder approval.

Board approved merger of Ace Alpha Tech into company for 863 shares per 1,000 held, diluting promoter to 45.96% from 47.66% (~14.9m new shares), pending exchange/SEBI/NCLT nods. Ace Alpha posted H1 income Rs20.7cr PAT Rs12.1cr.

Board meeting scheduled November 12 to approve unaudited results for half-year ended September 30, 2026 and to consider proposed preferential issue of warrants with registered valuer report, plus fixing EGM date, notice and scrutinizer appointment.

Executed November 6 amendment to March 30 SPSHA with Gozoop and selling shareholders revising Tranche 2 payment and acquisition timelines. Paid Rs15.5 crore advance toward Tranche 2 cash consideration on November 6. Further disclosures to follow on tranche completion.

Board noted resignation of O.P. Rathi & Co as statutory auditors creating casual vacancy and appointed V.J. Amin & Co to fill it subject to EGM approval on 05 Dec 2026; cut-off 27 Nov 2026. Second auditor exit in quick succession since listing after recent replacement cycle; extends oversight churn with board reset and follows audit emphasis on IP

O.P. Rathi & Co resigned as statutory auditor effective Nov 5 2026 citing professional commitments and time constraints, stating no information-access, non-cooperation or other material reasons. Audit Committee on Nov 6 noted resignation and advised Board to fill vacancy ensuring continuity. Context: second auditor exit in three months.

O.P. Rathi & Co resigned as statutory auditor effective 5 Nov 2026 after appointment 25 Sep 2026, citing pre-occupation, stating no fraud, information or cooperation issues and no review issued; company to fill vacancy. Context: second auditor exit in under three months amid governance watch.

Board fixed 34th AGM on 30 Nov 2026 via VC, approved FY26 Directors Report and notice, named internal auditor, scrutinizer and e-voting agency, and sought nod for secretarial auditor and RPTs. Seeks nod for Poornima as secretarial auditor for five years after interim stint and Rs25 Cr RPT limit each with six subsidiaries, Dindigul still termed mat

H1 FY27 Standalone Results YoY: Revenue at 90.9 Cr vs 37.0 Cr, up 145.8%. EBITDA at 20.3 Cr vs 9.9 Cr, up 104.5%. EBITDA Margin at 22.3% vs 26.8%. PAT at 13.9 Cr vs 6.0 Cr, up 130.2%. Board discontinued solar plant, reallocating Rs 4.90 Cr to machinery and working capital. Context: ends long-pending solar capex. Approved RPTs up to Rs 450 Cr, subj

Q2 revenue 417cr EBITDA 82cr, new £125mn LTA, Rs155cr Ranger anti-drone orders, orderbook 10,000cr+, Sri City production live, EBITDA +2-4% FY27 +4-6% FY28

Received Rs 1.37 crore purchase order (ex-GST, Rs 1.61 crore inclusive) from Sahana Marine-Infra Tech on Nov 6, 2026 for civil work including allied services and site material supply, to be executed within 45 days in ordinary course, with no related-party interest.

51% subsidiary Jujhar Logistics & Travels has ordered 15 railway rakes for automobile transportation from Texmaco Rail & Engineering for Rs329.53 crore inclusive of taxes, marking entry into rail-based green logistics alongside existing road car-carrier business.

Board approved appointment of Mr. Abhishek Shukla as CFO w.e.f 7 Nov 2026 and as Executive Director subject to RBI approval; noted resignation of CFO Ms. Shraddha Mishra effective 6 Nov 2026. Executive Director appointment needs prior RBI approval under NBFC norms. CFO appointment on NRC/Audit Committee nod; incoming CFO is 28-year SBI veteran in

Mideast Portfolio signed Nov 6 MOU to invest up to Rs5 crore in Celebteam Education at indicative Rs13.52/share. Non-binding, subject to due diligence, approvals and definitive agreements. Valid three months.

BCPL emerged as L1 bidder on November 5, 2026 for Eastern Railway Sealdah's Kalyani-Ranaghat third-line 25kV OHE supply, erection, testing and commissioning work, tentative value Rs 18.63 crore including GST, with contract yet to be received.

NCLT Allahabad on Oct 27 admitted Sital Leasing's Section 7 plea against Sybly Industries for Rs 1.63 crore default and ordered CIRP with moratorium from Oct 27. Mohit Goyal appointed IRP, board powers suspended, public announcement made Nov 1.

Secured Rs6.98 Cr domestic order from BHEL-Haridwar for design, supply, application and testing of thermal insulation for 2x800MW projects, payable unit-wise after site certification, executable by Feb/Aug 2030.

Received 5 Nov 2026 CGST Vadodara-II order confirming Rs31.57 Cr ITC demand plus Rs55.06 Cr penalties for FY22-25 alleged ITC without receipt/supply; to appeal under Sec107 and file Gujarat HC writ, sees no routine ops impact. Context: quantifies pending proposal as major escalation.

Accepted Rs91.97 Cr (ex-GST) LOI from Indus Towers for supply, installation and maintenance of cellular DAS across Delhi Metro stations and tunnels, to be executed by March 2027; definitive order awaited.