Recent Update

TNPCB has lifted the closure order at Hariom Pipe's Perundurai unit, restoring power supply. Operations will resume; the suspension is valid until March 2027, subject to conditions. The financial impact of the temporary closure has not yet been quantified.

Board meeting on July 16, 2026 to consider raising funds via Qualified Institutions Placement (QIP) for business expansion and general corporate purposes after debt repayment through earlier warrants. Additionally, appointing intermediaries for the QIP.

Investment holding company for renewable energy generation platform Sprng Energy.

Captain Polyplast won a ₹23.6 Cr order from MSEDCL for 1,000 solar water pumping systems, strengthening its solar EPC order book and near-term revenue visibility.

EMS Limited received lowest bidder (L-1) status for a Rs. 105.8 crore sewerage project in Varanasi from UP Jal Nigam. Scope includes STP construction, sewer network, and house connections, to be executed over 24 months.

HCLTech announced entry into full-stack AI with a ₹3,500 crore investment to build AI data centers, scalable to 50MW. The move leverages existing capabilities for an integrated AI infrastructure play.

Development of Gems & Jewellery Park under PPP mode

Board approved increase in authorized share capital to Rs 10 Cr, preferential issue of 12 lakh equity shares at Rs 36/share aggregating Rs 4.32 Cr to promoter and non-promoter allottees, and change of company name from GSB Finance Limited to Coffers Finvest Limited. EGM to be held on Aug 10, 2025 for shareholder approval.

Board approved raising up to Rs 155 Cr via rights issue of partly paid-up equity shares to eligible shareholders. The Rights Issue Committee will decide terms including ratio, price, and timing.

PDS secured a multi-year Sourcing as a Service contract with a leading French supermarket's global sourcing arm, managing textile sourcing across five countries. Expected to manage over $250 million FOB volume annually, starting November 1.

Board meeting on July 21, 2026 to approve unaudited financial results for Q1 FY27 and to consider de-registration from RBI, adopting Unregistered Type I NBFC status in compliance with new directions.

Board approved investment of up to Rs 58.80 crore for 49% stake in a JV to set up ~9 million sqm glazed vitrified tile capacity for Southern market; up to Rs 2 crore for 50% in Nepal JV for construction chemicals; and Rs 15 crore in subsidiary for plant modernisation.

Veerhealth Care received a repeat order worth ₹1.11 cr for hair and oral care products. The company guided FY27 income of ₹105 cr (PAT ₹5-6 cr) and FY28 income ₹156 cr (PAT ₹9-10 cr). It also approved allotment of 1 cr warrants at ₹20.25 each, with proceeds to fund expansion.

Blue Cloud Softech's US subsidiary executed a five-year Master Services Agreement with SpaceX International Ltd, MY for AI infrastructure, cloud platforms, and enterprise AI solutions, subject to Statements of Work.

Bombay High Court granted interim protection allowing Vadilal Dairy to continue using the 'Vadilal' brand for existing business operations pending arbitration of a family settlement dispute. Court's observations are prima facie, final rights to be determined in arbitration.

Roadstar Infra Trust's subsidiary PSRDCL settled arbitration with NHAI, receiving ₹499.09 crore as full and final payment against an earlier ₹547.96 crore award, resolving the dispute under the Vivad Se Vishwas-III scheme.

Board approved increase in authorized capital to Rs 2,000 Cr, change in object clause to AI, healthcare, EV distribution, and marketing, preferential issue of 130 Cr equity shares at Rs 5 aggregating Rs 650 Cr to non-promoter investors, and relocation of registered office from Mumbai to Delhi.

Aastha Spintex announced a ₹76.78 Cr order book for July-October 2026, representing over 21% of FY25 revenue. Driven by post-Falcon capacity expansion, it includes repeat orders from top clients 7 Seas Impex and Texpert India, plus a new client onboarding.

Board approved acquisition of 100% of Infinova (India) Private Limited for up to USD 4 million. Deal includes assembly and manufacturing facility, exclusive brand rights, and technical know-how in surveillance, supporting transition to a Make in India integrated platform.

Puravankara Q1FY27 pre-sales ₹1,439cr (+28% YoY), collections ₹1,199cr (+40% YoY). Avg price realisation +18% YoY. Sold Purva Zentech for ₹625.94cr. Added ₹5,200cr GDV land pipeline, reaffirmed FY27 sales guidance of ₹11,200cr.

Shanthi Gears appointed Sukanta Kumar Panigrahi as Interim CFO, effective July 13, 2026, after previously announced CFO Sudhir R declined to join due to personal reasons. Panigrahi is a CA and CS currently with holding company Tube Investments of India.

BCL Industries commissioned a 150 KLPD ethanol brownfield expansion at Bathinda, raising capacity to 550 KLPD. This strengthens its position as a leading grain-based distillery and supports bio-fuel initiatives.

Board meeting on July 20, 2026, to approve a 50:50 joint venture with Electronic Recyclers International (ERI), USA, for IT asset disposition and circular economy services, including finalizing shareholder and operating agreements.

Nine employees died after heavy rains collapsed waste from a nearby landfill onto Antony Waste's WtE plant building. Fourteen were rescued. Plant operations temporarily suspended; municipal waste services unaffected. Support for families announced. Insured, financial impact under assessment.

Reliance Power received a provisional attachment order from the Enforcement Directorate for alleged PMLA violations. It attaches promoter shares of Rs. 762.75 crore and company receivables of Rs. 258.44 crore, with expected financial implication of Rs. 258.44 crore.

SEPC's JV received termination of a Rs. 521.46 crore EPC subcontract for a highway widening project in Uttar Pradesh. The matter has been referred to arbitration.

Reliance Infrastructure received a provisional attachment order from the Enforcement Directorate attaching its shareholding in Reliance Power worth Rs. 762.75 crore over alleged PMLA violations during 2017-2019. The Company will take legal steps to safeguard interests.

HUDCO signed an MoU with the Odisha government to provide term loans up to Rs. 1,00,000 Crore over 5 years for urban infrastructure projects.

Board meeting on July 15, 2026 to consider fund raising via equity shares, warrants, convertible instruments, determination of issue price and allottees, subject to shareholder and regulatory approvals.

Board meeting on July 16, 2026 to approve quarterly financial results and consider a proposal for reduction of share capital, subject to shareholder and regulatory approvals.

Yarn manufacturer with about 5 lakh tons annual capacity.

Jindal Steel's CEO Gautam Malhotra resigns effective July 15, 2026, citing personal commitments. He will ensure a smooth transition.

Material subsidiary IL JIN approved share split, 25:1 bonus issue, conversion to public company, and fund-raising exploration (including possible IPO). This signals potential value unlocking and listing of the subsidiary.

Board approved investment for Lara Super Thermal Power Project Stage-III (2x800 MW) at estimated cost of ₹20,456.70 Cr. Cost per MW (~₹12.8 Cr) slightly above market expectation; project award delayed from Q4FY26.

Monthly order update: ₹33.79cr in new orders won in June 2026, driving the total order book to ₹362.41cr. A diversified pipeline is supported by ₹65.22cr in active consideration.

NCLAT allowed the appeal, set aside the May 6, 2026 insolvency admission order, closed the CIRP against Prime Focus, discharged the IRP, and lifted the moratorium. Board powers fully restored; company continues normal operations.

Veerhealth Care received an order worth Rs 1.11 crore for haircare and oral care products from a large pharmacy chain, to be delivered within 45 days.

Rating downgraded to BB/A4+; issuer not cooperating.

Board approved acquisition of 100% stake in Sushodha Institute of Gastroenterology for Rs 15.49 Cr via share swap, preferential issue to its shareholders, and fund raise via rights issue upto Rs 210 Cr. Registered office to be shifted from Assam to Maharashtra.

Board approved 2:1 bonus issue, adjusted final dividend to Re 1 per share post bonus, in-principle nod for amalgamation of Goodluck Green Energy, and corporate guarantee of Rs 275 Cr for subsidiary Goodluck Defence & Aerospace's loan from HDFC Bank.

Birla Cotsyn's equity shares to resume trading on BSE from July 15, 2026, following revocation of suspension, restoring liquidity and price discovery for shareholders.

Shivam Pipe Industries (51% sub) secured ₹4.40 crore order for galvanized steel poles from Meghalaya Power Dist. Corp. under RDSS, immediate delivery.

Nuvoco Vistas inaugurated a 2 MMTPA grinding unit at Limla, Surat, marking its entry into Gujarat. The plant, acquired via Vadraj Cement for Rs. 1,800 cr, is part of a plan to reach 35 MMTPA consolidated capacity by FY2028 and was completed ahead of schedule.

Board approved increase in authorised share capital to Rs 20 Cr from Rs 13 Cr, and preferential issue of 1.4 Cr warrants at Rs 26.41 each to raise Rs 37.2 Cr from promoter Hindustan Times Limited and others. EGM on 7th August 2026 to seek member approval.

Board approved increase in authorised share capital from Rs 5 Cr to Rs 15 Cr and issue of bonus equity shares in 3:1 ratio, subject to shareholder approval via postal ballot.

Alphalogic Industries won an order from Blinkit to install storage racking systems at three locations for ₹1.03 crore, to be executed within the month.

Board approved issuance of 3.88 Cr warrants on preferential basis to promoter The Hindustan Times Ltd and five other investors at Rs 24.57 per warrant, aggregating Rs 95.30 Cr. Also approved convening EGM on 7th August 2026 for shareholder approval.

Open offer for 26% of Ortin Global by Parveen Satija received only 226 shares against 2.11 million sought, leaving acquirer with just 1.24% stake post-offer.

IREDA declared fraud on Gensol Engineering and Gensol EV Lease, with outstanding amounts of Rs 453.77 crore and Rs 218.97 crore. Provisions held at 85% as of March 2026. Fraud involves misappropriation and forgery.

ideaForge closed its QIP, allocating 6,289,308 equity shares at ₹795 per share (4.89% discount to floor price), raising approximately ₹500 crore.