Recent Update

RGF Capital received RBI approval on September 24, 2026 for the proposed change in shareholding, control and management linked to the March 10 open offer by nine acquirers led by Nishad Jitendra Shah, including approval for Nishad Shah and Rajshree Shah as directors, following SEBI clearance on June 11.

Disclosed cyber fraud in joint bank account under partnership arrangement, with company's share ~Rs 2.94 cr. Partner said breach occurred at its end, froze account, filed cybercrime and bank fraud complaints, and undertook to fully reimburse company, pending recovery.

Allotted 50,000 secured rated listed redeemable NCDs of Rs 10,000 each aggregating Rs 50 crore via private placement at 10.65% coupon for 26 months maturing November 2028 with monthly payments, to list on BSE WDM, secured by 1.1x exclusive charge on receivables. Context: continuing recent NCD-led funding mix.

SKI Realtech (promoter group) acquired 506587 shares On Market; holding 2100000 to 2606587.

Announced final ₹57Cr promoter warrant conversion funding ₹17Cr driveline capex for new Europe/Mexico export orders worth ~₹500Cr over 7 years and ₹40Cr for KWVL electric DX ramp with 150+ dealer LOIs, targeting top-10 EV brand and ~12% EBITDA margin.

Unexecuted order book grew to ₹1,720.72 crore as on Aug 31 2026, up 40% from ₹1,235 crore on Mar 31 2026, after ₹926 crore gross new wins in Apr-Aug across roads, buildings and toll collection contracts, guiding revenue visibility for next 6-24 months.

Board approved transfer of 23L warrants to Micro Age Instruments and conversion of 44.51L warrants into equity at Rs171 for Rs76.11Cr, receiving Rs57.08Cr balance; 6.36L warrants to lapse. Largest tranche in ongoing promoter infusion program; clears outstanding warrant overhang as tenure ends; cash aids EV scale-up and working capital; inter-se pr

Agni Green Power received Rs 9.14 crore domestic order from Mizoram Power Department for 1.5 MWp grid-connected solar plant at Zoram Medical College, to be completed by July 2027.

Promoter Manish Jalan sold 504,000 equity shares via open market on NSE on Sept 23, 2026 for Rs 831,600, reducing his holding to 707,130 shares (4.86%) from 1,211,130 shares (8.33%).

Nava commissioned its 100MW solar plant in Zambia through step-down subsidiary Maamba Solar Energy and commenced power evacuation to the Zambian grid under a 20-year PPA with ZESCO for entire output, marking entry into utility-scale renewables.

Commenced commercial production at Andhra Pradesh Unit-2 Phase-1 (HSS) on 24 Sep 2026, raising installed capacity from 221,000 MT to 245,000 MT (+24,000 MT). Rs80cr investment ex-land funded via internal accruals; existing utilisation 70%.

Maharashtra government approved leasing ~1,500 acres at Haregaon, Shrirampur, Ahilyanagar to Global Defence Industries for its proposed project. Lease is 49 years, renewable for 49 years, at Rs 50,000 per acre per year with 3% annual escalation, plus first right of refusal on ~900 acres.

Board approved Rs 500 Cr NCD issue via private placement, 100% China subsidiary for up to USD 1M, and sale of 29.5% stake in EVQ Point via Green Mobility arm. Rs 500 Cr NCD funds capex ramp but adds leverage vs near-debt-free FY30 goal; China unit is new overseas footprint; EVQ exit immaterial with Rs 4 lakh profit share. Coupon, tenure, use of p

CFO Nitin Agrawal resigned 30 July to pursue new opportunities, to cease 30 September, disclosed 24 September. He cited leading MedTech buildout and Occlutech acquisition. Context: second top exit with CEO search still open.

Board approved buyback of up to 14.75 lakh shares at Rs162 each for up to Rs23.90 crore via tender offer, excluding promoters who will not participate, subject to shareholder approval via postal ballot. Context: resolves pending corporate-action proposal.

Allotted 7.6 lakh shares at Rs250 for Rs19 crore as first tranche of 38.1 lakh-share preferential issue to Saint Capital Fund and Zeal Global Opportunities Fund, both non-promoters, raising paid-up capital to Rs14.94 crore. Context: starts cash conversion of pending placement.

Received Rs21.84cr incl-GST LOA from RVPN for maintenance of 220kV/132kV substations and lines in Ajmer Zone - Bhilwara, Chittorgarh, Udaipur circles. Domestic, non-related party order.

Secured non-cancellable order for ~750 MT greige fabric worth ~Rs25 crore from JSK Textile LLP, Halvad, executable over two years starting with 30 MT in two months, balance on quality approval. Context: first entry into fabric segment.

SBI Mutual Fund, non-promoter, bought 16666667 via market; 52204 to 16718871 shares.

Won Rs283 crore World Bank-funded Ahmedabad 3D digital twin GIS contract covering 625 sq km and 25 lakh properties over 2.5 years plus 5-year O&M. Context: formal award following earlier unconfirmed media report.

Canarys Corp, wholly-owned US subsidiary, secured 12-month $780,000 AWS/Azure services order from Calibo Inc, USA. Non-related party, international engagement, billed as start of long-term strategic relationship.

Balkrishan Goenka Trustee sold 2.59% via block deal; before 622077474 after 597606372 promoter Yes

Roshan Dealmark Private Limited promoter sold 4L on-market; before 15460794 after 15060794

Secured Rs 2,025 Cr T&D, B&F and Oil & Gas orders; FY27 YTD intake Rs 13,219 Cr with L1 over Rs 12,000 Cr, supporting Rs 30,000 Cr inflow guide.

Clarified promoter-exit report: not party to talks; Whirlpool Mauritius (39.76%) intends control-transaction sale to third party, exploring multiple buyers per Sep 22 communique; prior 11% sale in 2025; stock rose 20% to Rs865.35 Sep 23; sees no material impact.

Secured Rs153.76 crore order (ex-GST) from Power Grid Corporation of India for 400kV AIS extension substation package SS-136T at Tumkur-II pooling substation including STATCOM civil works, via domestic competitive bidding, to be executed over 21 months.

Board approved acquisition of up to 100% of Winwin Speciality Insulators for up to Rs272.34 Cr via 10,17,123 swap shares at Rs1460 plus up to Rs123.84 Cr cash, and QIP of up to Rs700 Cr. Resolves deferred Winwin closure from early September; fund-raise mode now split as swap plus QIP. Targets insulators to strengthen integrated model; EGM on Oct 1

Board noted NCLT 8-Sep approval of resolution plan merging PurpleTalk India into Baron. Fixed 6-Oct record date to cancel promoter shares and cut public holding 95%. Reconstituted board with 5 new directors, Chairman Sridhar Muppidi; 4 old directors ceased. Approved rename to PurpleTalk, new Kondapur office, auth capital hike to 300 Cr. Existing

JSCEL approved Rs143 crore 5-year senior secured unlisted NCDs at 0.001% coupon to repay its entire RBL Bank loan and for general corporate purposes, secured 1x on all JSCEL assets. Context: refinances Commerce-side debt ahead of 1:1 listing.

Bajaj Finance board will meet on 1 October 2026 to consider fundraising via preferential issue, qualified institutions placement or other methods, subject to regulatory and shareholder approvals.

Board approved merger of Indosolar into Waaree Energies via Sections 230-232; 1 Waaree share for every 11 Indosolar shares held on record date. First consolidation move as listed subsidiary; gives holders liquid parent shares, ending suspended-trading overhang and cell-supply dependence driving tolling model. Scheme needs NSE/BSE, NCLT, sharehold

Board on 23 Sep 2026 noted Managing Director Amit Shah's resignation effective 11 Sep 2026 for personal reasons and approved shifting registered office within Vadodara to Laxmi Society, Old Padra Road, effective same day.

Board on 23 Sep 2026 noted managing director Amit Shah's resignation effective 11 Sep 2026 citing personal reasons and approved shifting registered office within Vadodara to Laxmi Society, Old Padra Road effective same day.

JBCG Advisory with PACs to acquire up to 18.36 lakh shares (3.6% emerging capital) of Oscar Global at Rs10 via open offer, triggered by purchase of 14.47 lakh promoter shares and 3.45-crore-share swap for Calculus Travel Ventures plus 1.32-crore preferential cash issue, taking 70.5% control.

Received Maharashtra PWD Panvel LOA dated 21 Sep 2026 for DPR-cum-feasibility, survey, land plan and environmental/CCA studies for 249.2 km roads under Package DPR-7 (Nanded/Latur/Parbhani) with ADB funding at Rs 3.79 crore excl GST over 365 days. Context: a routine small-ticket addition to ongoing inflow momentum.

Board approved preferential 44.9L shares (~47.2Cr) and 50.1L warrants (~52.6Cr) at Rs105, authorised capital hike to Rs15Cr, EGM 15 Oct; appointed Urlam Rao as independent director. Step change in funding scale vs recent small prefs, continuing equity-funded expansion for railway/power ramp; promoter subscribing alongside funds; railways veteran f

Promoters Dineshbhai and Sonalben Patel agreed on 22nd September 2026 to sell 5,67,958 shares (16.38%, 8.27% fully diluted) off-market to four buyers including Jasani Family Trust. Company not party.

Board approved amalgamation of Energy In Motion (e-HCV, battery-swapping) into Ravindra Energy. Swap 209 REL shares for every 100 EIM shares, subject to exchanges, SEBI, NCLT nods. To combine solar with e-HCV charging-swapping for integrated decarbonization platform and larger capital base. REL holds 49.54% in EIM; ratio per joint valuation. Promo

Board on 23 Sep 2026 approved Rs 40 crore loan to wholly owned subsidiary RSL Securities Private Limited and Rs 40 crore corporate guarantee to Neuzen Finance for subsidiary's business loans, a contingent liability with no current impact. Context: first large funding for newly incorporated trading subsidiary.

Board allotted 34,68,007 shares at Rs115.34 to promoter-group Kirloskar Power Equipments for ~Rs40Cr and approved closure of 2015 Master Restructuring Agreement with Bank of India consortium. Allotment advances pending promoter infusion toward working-capital support while MRA exit after term-loan repayment marks progress on balance-sheet repair u

Received USD 1.22M (~Rs11.53 Cr) export order from Dubai's Beacon Star General Trading for 1,000 MT peanut kernel at $1,220/MT, executable within one month.

Max Estates signed binding MoU for proposed capital-light JDA for 9.76-acre Indirapuram, Ghaziabad parcel with 1.5msf development potential and Rs2,500-3,000cr GDV, landowner via revenue share, subject to due diligence, approvals and JDA execution, marking entry into Ghaziabad.

Board approved Rs 35 Cr cash credit plus working capital term loan from ICICI Bank on 23 Sep 2026; 180-day tranches at 8.15% secured by current and movable assets. Facility is large relative to the small refurbished-led revenue base and extends reliance on bank debt to fund inventory and receivable build that has kept operating cash flow negative.

Board withdrew items 8-10 from 30 Sep AGM notice to restructure: authorised capital hike, acquisition of 1,36,24,172 shares (67.44%) of Archit Life Science, and preferential allotment. Puts the central Archit Life Science consolidation on hold; deal awaited shareholder and exchange approval and is now off the AGM vote, framed as restructuring. No

Secured Rs20.02cr ex-GST domestic LOA, largest to date, for 57 wind transformers (3.6 & 5.5 MVA) for Aditya Birla Renewables Bhuj projects via undisclosed EPC; execution in 4-5 months.

Board approved preferential issue of 9.73 lakh shares at Rs 853 (~83 Cr) to 4 non-promoters incl Motilal Oswal and 9.96 lakh warrants at Rs 853 (~85 Cr) to 3 promoters. Issues subject to EGM on 20 Oct 2026 and BSE approval; 25% payable on warrant allotment, balance on conversion within 18 months; Brickwork to monitor use of ~168 Cr. Also seeks no

BDL signed Rs810.79 crore MoD contract for Satellite Smart Anti Airfield Weapons with equipment for IAF under Buy Indian-IDDM, delivery in 2027-28 to 2028-29.

Euphoria Infotech received Rs 4.03 crore domestic order from Webel Technology, a West Bengal govt undertaking, for UG online admission portal for 2026-27, executable in 7 months.

Jennifer Rajesh Francis plus three promoter-group members pre-cleared to sell entire holdings totalling 6,70,450 shares via NSE within 7 days at market, leaving NIL balances at Rs180 ref price. Context: extending the ongoing promoter full-exit wave.

Tirupati Agrotech, non-promoter, open offer for 782314 shares withdrawn post RBI denial.