Recent Update

UCO Bank, acting for consortium lenders, took symbolic possession of Flexituff's commercial property at Kashipur, Uttarakhand, under the SARFAESI Act. The defaulted amount is Rs 236.3 crore. The company will keep exchanges informed of further developments.

Abhishek Ashar resigned as Whole-Time Director and Chief Financial Officer effective July 31, 2026, citing other activities and career outside the company. No other material reasons disclosed.

Best Agrolife's preferential warrants lapsed without conversion as the exercise period expired. The board approved forfeiture of the ₹37.5 crore upfront amount, resolving the dilution overhang. No fresh funds were raised during the quarter.

Cosmic CRF receives LoI from CoC to acquire Amzen Transportation Industries for ₹284 Cr, gaining a 72.5-acre integrated wagon manufacturing plant in Punjab. The acquisition expands pan-India footprint and capacity, subject to NCLT approval.

Board approved preferential issue of 170.6 lakh warrants convertible into equity shares at Rs 17 each aggregating Rs 29 Cr, and 5.88 lakh equity shares at Rs 17 each aggregating Rs 1 Cr, to non-promoters. AGM scheduled on 27 Aug 2026.

Board approved issuance of corporate guarantee of Rs 3.5 Cr in favour of Suave Casa Ideas Private Limited (promoter group entity) subject to shareholder approval. Approved related party transactions and re-appointment of MD, WTDs and Chairman. Appointed Mr. Anjal Kejriwal as Non-Executive Independent Director. 46th AGM on Aug 26, 2026.

India Powers, Europe Wobbles PAT at Rs 2,385 Cr in Q1 FY27, +18.8% YoY. Revenue at Rs 60,794 Cr in Q1 FY27, +14.3% YoY. EBITDA at Rs 9,370 Cr, +25.3% YoY. EBITDA margin at 15.4% vs 14.1%. India segment drove performance with EBITDA up 29.6% YoY to Rs 9,409 Cr, while Netherlands collapsed to near-breakeven (Rs 39 Cr vs Rs 611 Cr) on DSP shutdown and

Q1 FY27 Consolidated Results YoY: Revenue at 60,794 Cr vs 53,178 Cr, up 14.3%. EBITDA at 9,593 Cr vs 7,796 Cr, up 23.1%. EBITDA Margin at 15.8% vs 14.7%, expansion of 110bps. PAT at 2,318 Cr vs 2,078 Cr, up 11.6%. India segment was the key driver while Netherlands operations saw sharp margin compression, UK losses narrowed. Board approved NINL capa

Board approved overdraft facility of up to Rs 1.89 Cr from ICICI Bank against fixed deposit of up to Rs 2.10 Cr. Authorised Mr. Vikram Bajaj to complete formalities.

Shalby Limited has approved availing working capital facilities of up to ₹129.70 crore from Kotak Mahindra Bank. ₹119.70 crore is allocated to its loss-making US step-down subsidiary Shalby Advanced Technologies Inc., with the remaining ₹10 crore for the company.

Board approved appointment of Mr. Iqubal Ismail Patel as Chief Financial Officer (CFO) and Key Managerial Personnel w.e.f. 30th July, 2026.

Q1 FY27 Consolidated Results YoY: Revenue at 1.7 Cr vs 1.1 Cr, up 49.3%. EBITDA turned profitable at 0.4 Cr vs loss of 0.2 Cr. EBITDA Margin at 25.0% vs -14.8%, expansion of 3980bps; employee benefits expenses declined 40.4% vs revenue growth 49.3%. PAT turned profitable at 0.3 Cr vs loss of 0.2 Cr. Board approved QIP of up to 150 Cr.

Astra Microwave received a Rs. 2,205 Cr order from HAL for 122 AAAU and 121 Interface Frames for the Uttam Radar, to be executed over 5 years. The order value is nearly 2x FY26 standalone revenue.

Nishant Saigal has resigned as CFO effective October 19, 2026, for better future prospects, marking the second CFO departure in under two years.

TV Vision Ltd disclosed that NCLT Mumbai orally admitted an insolvency petition filed by financial creditor Punjab National Bank, initiating Corporate Insolvency Resolution Process against the company. The detailed written order is awaited.

Board approved raising up to USD 2 billion through Medium Term Note Programme at Dubai and/or Sydney branches.

Promoter group member Kamal Kishore Chaurasia sold his entire 91,498-share (2.68%) stake in Nikki Global Finance on the open market at Rs. 17.38 per share on July 29, 2026.

Board approved Rs. 72 crore lease facility from Tata Capital Limited for commercial mining equipment including dumpers, excavators, graders, dozers, water tankers and diesel tankers, under a 60-month lease with purchase option.

Board approved raising up to Rs 70 Cr via rights issue, increase in authorized share capital from Rs 7.5 Cr to Rs 77.5 Cr. Approved reclassification of entire promoter group to public category, subject to approvals. Postal ballot to be conducted for shareholder approvals.

Board approved fund raising via rights issue of up to Rs 17 Crore to eligible equity shareholders.

Received Notification of Award for construction of four Platform Supply Vessels for ONGC at a total value of ₹1,032.07 Crore, to be completed within 48 months.

JBM Auto Q1FY27 consolidated revenue rose 15% YoY to ₹1,442Cr with attributable PAT up to ₹42.2Cr. EV Business revenue grew 17%. Board approved a proposal to raise up to ₹1,500Cr via QIP/FPO, subject to shareholder approval.

Fischer Medical Ventures' associate Nanomedic Technologies received CDSCO import approval for Spincare, a portable electrospun wound care device, with Fischer holding exclusive India/Southeast Asia distribution rights. This marks India's first regulatory clearance for such a system.

Board approved first interim dividend of ₹8/share (~₹3,128.55 Cr) for FY27, record date Aug 5. Also adopted ESOP (4.25% equity) and ESPP (0.75% equity) schemes, subject to shareholder approval, via secondary market acquisition.

Board approved alteration of main object subject to shareholder approval, adopted new MOA/AOA, accepted resignation of CFO Mrs. Riddhiben Patel, and appointed Mr. Raj Patel as Additional Director and CFO. Also approved related party transaction with IRNB firm.

Leo Dryfruits received IRCTC empanelment under Category A in 'Millet Based Products' for its Vandu brand. The empanelment permits supply of millet mix and chikki to Indian Railways catering, including premium trains, subject to procurement process and bidding; no minimum business guaranteed.

Chief Financial Officer and Whole Time Director Tapan Gupta resigned effective July 29, 2026, citing pre-occupation, with no other material reasons disclosed.

CFO Surya Kant Sethia resigned (effective 14 Aug 2026) after 11 years; Board appointed Krishnamurthy Suryanarayan as CFO & Head-Strategy effective 15 Aug 2026. Suryanarayan brings 25+ years experience including CFO roles at Astec Lifesciences and Godrej Africa.

Board approved resignation of CFO Mr. Surya Kant Sethia (relieved 14 Aug 2026) and appointment of Mr. Krishnamurthy Suryanarayan as CFO effective 15 Aug 2026. Mr. Suryanarayan brings over 25 years of experience, previously CFO at ASTEC Lifesciences.

Rectification of SAST pledge disclosure: share count updated to 1,67,59,750 (5.11%) post stock split; no change in pledgor or percentage. Entity: Catalyst Trusteeship (not promoter).

Provigil Surveillance secured a Rs. 12.76 Cr purchase order from GAIL for integrated e-surveillance, marking Magellanic Cloud's entry into the Oil & Gas sector.

Sunita Tools signed a non-binding MoU with a Polish defence company for joint development of ISR drones, loitering ammunition, and smart flying ammunition — its first move into drone technology. Plans include a majority-owned JV and marketing rights across India, GCC, and subcontinent. No immediate financial impact.

BRGIL secured a ₹377.5 crore, 2-year toll collection & O&M contract from UPEIDA on Bundelkhand Expressway, with 10% annual escalation.

Received favorable ITAT order deleting ~₹1,305 Cr in tax demands across five years, based on APA and earlier rulings. No adverse financial impact, though tax department may appeal corporate tax portion.

Jindal Drilling received ONGC award for rig Jindal Pioneer at EDR ~$47,894/day for 3 years, starting Q3 FY27. Secures revenue for previously idle owned rig, reduces FY27 contract expiry risk.

L&T Energy CarbonLite Solutions secured LNTP for a mega ₹10,000-15,000Cr EPC order from NTPC for 2x800 MW ultra-supercritical thermal plant, subject to environmental clearance.

Provigil Surveillance secured a Rs 12.76 Cr order from GAIL for AI-enabled e-surveillance in NCR, marking entry into the oil & gas sector and expanding public sector footprint.

Yash Patel group acquired 1,438,000 shares of Purple Wave Infocom in open market, raising stake to 18.22%.

Amended purchase order from existing customer upsizes total to $324.62M (₹3,100Cr), an incremental $85.86M (₹820Cr). Execution timeline to be decided. Significant revenue boost.

MPID Court allowed one application, cancelling attachment of assets to implement the NSEL Scheme of Arrangement. More releases expected soon, advancing the ₹1,950 Cr OTS toward final execution.

Varun & Jyoti Kabra acquire 8.85% from Kolsite via inter-se transfer, promoter unchanged.

HFCL secured a ~₹441.53Cr export order for optical fiber cables from an international customer, to be executed by January 2027, reinforcing export momentum and adding to its record order book.

Bandhan Small Cap Fund allots 10.80L shares (5.08%) in L. T. Elevator via preferential allotment; non-promoter.

Pine View Portfolio Consultants (non-promoter) sold 540k shares (4.29% VR) of Adishakti Loha in open market on 27-28 Jul 2026, reducing stake from 8.36% to 4.07%.

Order book ₹5,143Cr, record Q1 inflow ₹2,895Cr; NWC 59 days; SLB data centre order ₹45Cr; PFBR criticality; greenfield Q3FY27

RPG Life Sciences to transfer API business to subsidiary RPG Active Pharma; InvAscent to invest up to INR 243 cr, and RPG Active Pharma to acquire Actis Generics, marking its first acquisition.

Bulk drug intermediates supplier for complex API ingredients

API subsidiary RPG Active Pharma to get Rs. 243.33 Cr PE infusion for 40% stake (commitment up to Rs. 700 Cr) and acquire Actis Generics for Rs. 80 Cr — first M&A after years; API slump sale to WOS for Rs. 33.55 Cr agreed.

Board approved slump sale of API business to WOS RPG Active Pharma for Rs 33.55 Cr. RPGAP to receive Rs 243.33 Cr from PE investors for ~40% stake (commitment upto Rs 700 Cr for growth) and acquire Actis Generics for Rs 80 Cr.

Board meeting on Aug 4 to approve Q1 FY27 results and a proposal to raise funds via equity, convertible bonds, or other securities through private placement, preferential issue, or QIP. This could dilute shareholders and signal cash strain.