Recent Update

CONCOR signed a 15-year agreement with GAIL to establish an LNG dispensing station at its Ahmedabad ICD, committing to deploy 15 LNG trucks in the first year.

Rajasthan Global Securities (non-promoter) acquired: pre 14,49,554 post 16,65,275 open market.

Board approved increase in authorised capital to ₹30 Cr, and acquisition of 100% of Tekfoods International and Samridh Overseas Trading via share swap for total consideration ~₹237 Cr, issuing 2.42 Cr shares at ₹98/share. Both targets are in food business; Samridh FY25 turnover ₹150 Cr. EGM on Aug 1.

Board approved venturing into new businesses - Hospitality, Academy, and Medical Devices - via subsidiaries, and adopted Royal Sandur Group branding. Manoj Kumar Jha appointed CFO; Uttam Kumar Bhageria ceased as CFO. Record date for final dividend of Rs 0.50/share set as 12 August 2026.

Board approved subscription to rights issue of material subsidiary Greaves Electric Mobility Limited up to ₹331.12 crore. Also authorized committee to subscribe to unsubscribed shares.

JV emerged as lowest bidder for ₹137.6 Cr railway EPC contract on the strategic India-Bhutan cross-border corridor, securing the first package and positioning for future works along the line.

NCLT dismissed an insolvency petition filed by unsecured creditor Morgan Securities. No financial or operational impact; company continues normal operations.

Nova Iron & Steel received a second ED attachment order, attaching Rs 16.66 Cr in land and 21.21% of its shares, alleging proceeds of crime from loan fund diversion by erstwhile Bhushan Power promoters. Company to legally contest, says no material operational impact.

Choice International's subsidiary CEBPL entered definitive agreements with South Korea's NH Investment & Securities to raise ₹900 crore via CCPS, aiming to strengthen its capital base for growth in broking and distribution without altering control.

Independent Director Satya Prakash resigned citing five months' unpaid dues, lack of transparency, and urged informing GST authorities about payment reminders, raising governance and financial distress concerns. The company also appointed Kapil Gautam as Non-Executive Director.

Wholly owned subsidiary Insolation Green Energy awarded a ₹558.29 Cr contract by NTPC Renewable Energy for solar PV module supply, to be executed in FY 2026-27.

Akhil Retail Pvt Ltd sold 2,508,488 shares (2.16%) of Mena Mani Industries via open market, reducing stake to 7.13%.

Gorve Chadha (promoter) acquired 480K shares of KMF Builders off-mkt; voting: 11.59L to 16.39L.

Om Power Transmission received a Letter of Acceptance for a Rs. 82.17 Cr turnkey contract from Paschim Gujarat Vij Company for underground cabling in Bhavnagar.

Board approved preferential issue of up to 1.11 Cr convertible warrants to promoter group at Rs 8 per warrant, aggregating Rs 8.88 Cr. Post-conversion, promoter holding to increase to 4.5%. Board also approved convening EGM on August 07, 2026 for member approval.

Piramal Pharma's Sellersville, USA manufacturing facility received an Establishment Inspection Report from the US FDA, successfully closing the inspection without adverse findings.

Board meeting on July 14, 2026 to approve Q1 FY27 unaudited financial results and consider raising up to Rs 500 crore via non-convertible debentures on private placement basis.

Catalyst Trusteeship Ltd (not promoter) released pledge on 85,20,330 shares of Wanbury Ltd. Held 0 voting rights before and after.

Rajesh Power received orders worth Rs 653.12 Cr from PGVCL for underground cable network conversion with GIS mapping across four Gujarat circles. Execution period 18 months.

Associate company EIM signed a 500 MWh LFP battery supply deal with CATL, securing next-gen cells for its E-Tractor Ashwa series. The partnership supports EIM's expansion to 40 heavy-duty swap stations by March 2027 and marks a major EV ecosystem milestone.

Board approved acquisition of 100% of Cultureantique Jewellery Private Limited for Rs 90 Cr via share swap, issuing 9 Cr equity shares. Authorised capital increased to Rs 118 Cr and MOA altered to add jewellery business. Promoter reclassification request received.

Board meeting on 13 July 2026 to consider increasing authorized capital, amending the memorandum's object clause, and an initial acquisition proposal of equity shares in another company, subject to due diligence and appointment of intermediaries.

NCLT admitted an insolvency petition against Future Consumer Limited for a default of Rs. 263.77 crore in debenture repayments, initiating a Corporate Insolvency Resolution Process with a moratorium and appointment of an Interim Resolution Professional.

Luxury resort and branded villa hospitality business.

Kanungo Financiers received a SEBI Final Order naming it as a noticee in a manipulation case involving Mauria Udyog and other scrips, imposing monetary penalties and disgorgement.

Board approved increase in authorised share capital from ₹12.5 Cr to ₹40 Cr and fund raising via rights issue, subject to shareholder and regulatory approvals. Details of the rights issue to be finalized later.

CRISIL downgraded ratings; issuer not cooperating.

Board meeting on 13 July 2026 to consider increasing authorized share capital, raising funds through equity issuance including preferential allotment, changing company name, and approving the notice for an extraordinary general meeting for shareholder approvals.

TANFAC reduced its proposed preferential issue size from ₹173.49 crore to ₹99.41 crore after promoter Anupam Rasayan India lowered its subscription commitment. The company will now issue up to 4.24 lakh shares at ₹2,341 per share.

NLC India and NALCO signed a 50:50 JV agreement for a 1,080 MW captive coal-based thermal power plant at Angul to provide long-term power for NALCO's expansion.

Innovision Limited secured a ₹27.52 crore work order from NHAI for toll collection and toilet block maintenance at Kariyamanglam fee plaza in Tamil Nadu for one year.

Board approved issuing corporate guarantee and indemnity for step-down subsidiary Quantum Lubricants (E.A.) Limited for credit facility of KES 169,000,000 from Stanbic Bank Kenya.

Axis Trustee (non-promoter) released encumbrance of 2.12B shares; voting rights before and after 0.

Managing Director Chinmay Pradhan resigned citing personal commitments. Karronn Bajaj was elevated from Director to Managing Director. Additional Executive Director Prakash Salve and Independent Director Aarti Singh also resigned. Board committees were reconstituted.

Tejassvi Aaharam received BSE in-principle approval for preferential issue of 5.11cr equity shares at Rs10 to non-promoters via share swap, enabling a dilutive transaction.

RMC Switchgears received a ₹23.63 Cr order from MAHAVITRAN for off-grid DC solar pumping systems across Maharashtra, including 5-year maintenance. Strengthens order book and revenue visibility.

United Drilling Tools successfully deployed premium connection casing in an Oil India gas well, entering the ₹2,600 crore premium casing and tubing market. This opens opportunities with other national and private oil companies, potentially adding scale comparable to existing operations.

Ceigall India (74% JV) emerged L1 bidder for a Rs 704.7 Cr EPC road project from MoRTH in Arunachal Pradesh, to be executed over 48 months.

Board approved allotment of 1.85 Cr equity shares on conversion of warrants at Rs 134/share, raising Rs 249 Cr. Board also approved incorporation of wholly owned subsidiary Suven Neurosciences Pte. Ltd. in Singapore with investment of USD 100 Mn for clinical-stage neuroscience development.

Subsidiary Infravolt Engineering received a Rs. 5.27 crore (including GST) order from Fimer India for supply of busbar kits, deliverable by November 2026.

Board approved subscription to Compulsorily Convertible Preference Shares of Sunbridge Solar Power Private Limited for a cash consideration of ₹1,200 Crore, as a strategic investment to diversify into the renewable energy/solar power sector.

Board approved investment of up to Rs 1,400 Cr in wholly-owned subsidiary Natco Pharma South Africa. Board also approved acquisition of additional stake in Adcock Ingram Holdings, increasing holding from 35.75% to 49% for ZAR 1.8 Bn (~Rs 1,069 Cr) in cash.

Midwest Energy signed an MoU with Indonesia's state-owned PERMINAS, NFTDC, and Midwest Limited to evaluate collaboration across the rare earth value chain, including magnet manufacturing, with no financial commitment at this stage.

Patspin India Ltd received a possession notice under the SARFAESI Act from Central Bank of India due to default in repayment of a working capital term loan.

INOX India secured orders worth ₹939 crore since May 21, led by a mega Industrial Gas order from the space exploration industry. The Industrial Gas segment contributed ₹871 crore, with other orders in LNG, cryo-scientific, and beverage kegs.

RBI approved Mahesh Muralidhar Pai as MD & CEO for 3 years from Oct 1, 2026, clearing the final regulatory hurdle. Board ratification and shareholder approval are next.

Revenue surged 119% YoY to Rs 1.18 billion in Q1FY27, with Akshaya Tritiya sales up 268%. Store count reached 37, and the company remains on track to open ~15 new COCO stores over 24 months. Positive demand outlook cited.

Reliance Infrastructure disclosed it has been named as an accused in a CBI chargesheet concerning Reliance Commercial Finance. The company stated it will take appropriate steps to safeguard stakeholder interests.

Received $7.2M (~₹67.4Cr) purchase order from Tasneea Oil & Gas, Oman, for design & supply of an E-house package.

3i Infotech's step-down subsidiary won a 12-month IT consulting contract worth AED 17.65M (~INR 45.85Cr) for RPA, AI/ML, and Robotics services from Vedant Consultancy FZ LLC, UAE.