Recent Update

Diamond Power won a ₹185 Cr order from Adani Energy Solutions for AL59 conductors, with deliveries through Feb 2027. The contract reinforces revenue visibility for FY27 and builds on the existing relationship with a key customer in the transmission capex cycle.

Builds a technology-driven retail loan distribution platform in India.

Board approved acquisition of 51% stake in FA Wizard Pvt Ltd (loan distribution) via share swap for Rs 20.69 Cr; also approved issuance of 18 lakh equity shares and 1 Cr convertible warrants at Rs 33 each to non-promoters, raising up to Rs 38.94 Cr. EGM on Aug 13.

Board meeting on 22 July 2026 to consider enhancing borrowing limit to ₹35,000 crore for FY27 and borrowing up to ₹35,000 crore for FY28 via domestic bonds, subject to shareholder approval.

Q1 FY27 Standalone Results YoY: Revenue at 4.4 Cr vs nil. EBITDA turned profitable at 1.4 Cr vs loss of 0.01 Cr. EBITDA Margin at 31.3%. PAT turned profitable at 1.2 Cr vs loss of 0.01 Cr. Board approved acquisition of 51% stake in Truvolt Engineering Co Pvt Ltd (FY26 turnover Rs 315 Cr) via share swap, issuing up to 1.26 Cr equity shares at Rs 66/

GRE Renew Enertech reported ₹24 crore in new orders for the first half of July 2026, bringing its total order book to ₹248 crore. The orders are routine turnkey EPC contracts for solar plants. No strategic change.

Silicon Rental Solutions' 5,50,400 convertible warrants lapsed unexercised on July 15, 2026. The upfront subscription amount of ₹3.05 crore (25% of issue price) is forfeited. Paid-up share capital remains unchanged.

Oswal Overseas settled with financial creditor LH Sugar Factories, paying Rs 2.80 Cr to fully discharge debt. NCLAT dismissed the insolvency appeal as withdrawn, directing IRP to only collate claims until a Section 12A application is disposed, effectively resolving the CIRP threat.

Oswal Overseas settled with L H Sugar Factories Ltd in ongoing CIRP proceedings. NCLAT barred the Interim Resolution Professional from further steps until 8 July 2026, with parties set to approach NCLT to withdraw the insolvency process.

Q1 FY27 Consolidated Results YoY: Revenue at 4318 Cr vs 3529 Cr, up 22.4%. EBITDA at 370 Cr vs 386 Cr, down 4.1%. EBITDA Margin at 8.6% vs 10.9%, contraction of 238bps; cost of materials grew 33.0% vs revenue growth of 22.4%; management cited West Asia-led commodity inflation. PAT at 4 Cr vs 112 Cr, down 96.4%. Board approved Rs. 1,205 Cr investmen

Board meeting on 22 July 2026 to approve increase in authorised capital, acquire equity in two logistics firms via share swap, and raise funds through preferential issue. These corporate actions could significantly impact capital structure and stock price.

One Point One Solutions Limited completed the acquisition of 100% stake in ITCube Solutions Private Limited for a cash consideration of INR 84.00 crore. ITCube is an IT/ITES and BPM firm; its FY2025-26 turnover was INR 51.28 crore.

Board approved increase in authorized capital from Rs 10 crore to Rs 100 crore and a rights issue of up to Rs 90 crore. Mr. Mukesh Gupta resigned as independent director.

Brooks Laboratories executed a binding MoU with Steriscience Specialties for sale of a stake in Brooks Steriscience, reducing holding to 32.67% and generating INR 106.33 cr cash. MoU secures value protection for retained stake at minimum USD 22.87M and anti-dilution.

CESTAT set aside a Rs.7.87 crore service tax demand, ruling in favour of the company.

SEBI barred the company and its promoters/directors from securities markets for five years over charges of manipulating stock price and volume. The company claims no material financial impact.

Board accepted the resignation of Mr. Hasmukh Nanalal Shah as Executive Managing Director effective close of business July 16, 2026, citing personal reasons and other commitments. No other material agenda items discussed.

Board approved increase in authorised share capital to ₹1,460 crore and raising up to ₹1,000 crore via Qualified Institutions Placement (QIP) in one or more tranches, subject to shareholder approval. Postal Ballot to be conducted for member approval.

NCLAT dismissed Progfin Private Limited's appeal seeking to initiate corporate insolvency proceedings against the company. This follows the earlier NCLT dismissal of the petition, removing a legal and financial overhang.

Board approved preferential issue of 32 lakh equity shares at Rs 12/sh (Rs 3.84 Cr) and 2.16 Cr convertible warrants at Rs 12/warrant (Rs 25.99 Cr), aggregating ~Rs 29.8 Cr. Issue triggers mandatory open offer and change in control, with Shah Nishil Sanjaykumar and Niranjankumar Navratanmal Jain becoming promoters. EGM on Aug 15 for shareholder app

CRISIL upgrades VOGL to AA+, withdraws ST rating

Q1 FY27 Consolidated Results YoY: NII at 1352 Cr vs 902 Cr, up 49.9%. PPOP at 717 Cr vs 74 Cr, up 865.8%. PAT at 461 Cr vs 276 Cr, up 66.8%. Board approved raising up to Rs. 4,000 Cr via equity/convertible securities.

G.G. Automotive Gears Limited received interim insurance claim proceeds of ₹13 crore (₹8 crore and ₹5 crore) in connection with the February 4, 2026 fire incident at its manufacturing facility. The final settlement is pending assessment.

Cancellation of incinerator package order from CC7 Emirates Engineering for ADNOC project due to missing licensor approval; no revenue or profit impact.

Ameenji Rubber signed an exclusive 5-year technology license with South Korea's Macroad for manufacturing and selling licensed products in India. The deal involves a $300,000 initial fee and 2.5% running royalty, expected to enhance technology base and enable new product manufacturing.

Board approved withdrawal of in-principle applications for preferential issue of 45 crore equity shares (40 crore on conversion of unsecured loan, 5 crore on preferential basis) to non-promoters.

AstraZeneca Pharma India received CDSCO approval to import and market Fasenra (benralizumab) for an additional indication: Hypereosinophilic Syndrome in patients aged 12 years and older, expanding the drug's label in India.

BCPL Railway Infrastructure emerged as the lowest bidder (L1) for a Rs. 4.51 crore Eastern Railway project to improve OHE reliability in Howrah Division. Contract yet to be received.

Artefact Projects secured a Rs. 3.08 crore supervision consultancy contract from NHAI for a highway project in Chhattisgarh, to be executed over 38 months.

Received Large Scale Project status from Maharashtra Government for soybean oil expansion (60,000 MT/year, investment of Rs. 175 crore, 65 jobs). Incentives include stamp duty exemption and Industrial Promotion Subsidy up to 100% of eligible investment or SGST for 10 years.

Jindal Photo Limited's promoters have set an indicative offer price of Rs. 1,120 per share for the voluntary delisting, based on a registered valuer's floor price of Rs. 1,119.50.

Board approved sale of unencumbered land measuring 2.277 acres in Tamilnadu for a total consideration of Rs.3 Cr to an unrelated party.

Siyaram Recycling Industries secured a Rs. 4.13 crore export order for brass billets from Green Metals FZCO, to be executed within 7 days.

The NCLT-approved resolution plan for Kobo Biotech, with Beaufond Industries as SRA, missed its 10 July 2026 implementation deadline. The monitoring committee will meet to assess the status and decide further course of action.

Board approved re-appointment of Mr. Vijay R Kirloskar as Executive Chairman for three years, effective August 12, 2026. Board also approved preferential issue of up to 34.68 lakh equity shares to Kirloskar Power Equipments Ltd (promoter group) at Rs 115.34 per share, aggregating up to Rs 40 Cr.

ITI Ltd won a Rs 856.39 Cr work order from BSNL for 4G network expansion in West Zone, covering 7,613 sites, after completing an earlier Rs 2,640 Cr order for 23,633 sites.

Board approved acquisition of 100% of Locon Solutions (Housing.com) from REA India for INR 458 Cr via preferential issue of 1.97 Cr equity shares at INR 231.42/share, making REA 24.9% shareholder. Also approved issuance of 51 Lakh warrants to promoter Aurum RealEstate at INR 231.42/warrant for INR 118 Cr. EGM on Aug 14, 2026.

Prestige Q1FY27 pre-sales surged to ₹65.8 bn, +~443% YoY, led by Golden Grove launch in Hyderabad (49% share). Collections ₹48 bn. Leasing 1.5 msf, retail GTO +18% YoY. GDV of launches ₹120 bn. Strong start to FY27.

Siyaram Recycling secured a Rs 2.9 crore order from Saanvi Metal Craft for brass scrap honey, to be executed within 7 days.

Desco Infratech Limited received a five-year Electrical Contractor's Licence from the Government of Gujarat, enabling the company to execute electrical installation works in the state and strengthening its operational capabilities in the electrical infrastructure segment.

Equippp executed an MoU with Telangana State Legislature Secretariat to build and operate 119 Constituency Development Foundations using its AI platform CDX, at no cost to the government, signaling a major growth opportunity.

Shyam Metalics commenced commercial production at its 18,000 TPA aluminium foil facility in Odisha. The 60,000 TPA FRP plant is on track for September 2026 launch. Management expects the downstream aluminium segment to boost operating margins by 40–50% and expand topline by 2–2.5x.

Ahasolar Technologies won a domestic consultancy contract worth over ₹7 Crores from PDCOR to develop a unified renewable energy portal, to be executed over 48 months.

Promoter Vikas Garg has been taken into custody by the Directorate of Enforcement under the Prevention of Money Laundering Act, related to an ongoing probe into transactions involving foreign entities. The company states no material impact on operations, which continue normally.

GLAS Agency (HK) Ltd, as bond trustee, reported creation of encumbrance over 56.38% stake by promoter group under bond terms. No shares acquired.

GLAS Agency (Hong Kong) Limited (non-promoter) created encumbrance over 56.38% shares. No shares acquired.

GLAS Agency (HK) Ltd (non-promoter) encumbrance on 56.38% of Vedanta Iron & Steel; no voting rights acquired. Mode: creation of encumbrance.

Disclosure by GLAS Agency (HK) re creation of encumbrance via bond trust deeds over shares of Vedanta Ltd and group entities held by promoter subsidiaries; no shares acquired or pledged.

ACME Solar secured INR 2,646.64 crore long-term project funding from REC Ltd for its 450MW/1800MWh FDRE project. The project has a 25-year PPA with SJVN at INR 6.74/unit, combining solar and battery storage.