Recent Update

Syrma SGS signed an agreement with Kaga Electronics India to form a 60:40 joint venture, establishing an advanced EMS manufacturing facility in India targeting Japanese clients. Total initial investment is approximately INR 25 crore, with Syrma contributing INR 15 crore.

Akshat Jain & Niharika Jain (non-promoters) sold 15,000 shares; pre:22,325; post:7,325; open market

The Board will meet on June 25, 2026 to consider a proposal for issuance of bonus equity shares to existing shareholders.

Wholly owned sub. Dynasty Modular Furnitures won a ₹13.05 Cr work order from M3M Group for modular kitchens, to be executed over 18 months.

Board accepted resignations of Internal Auditor M/s Siddharth S. Kothari & Co. and CFO Mr. Hemant Patni, both effective June 22, 2026, citing personal reasons.

Received Rs. 213 Cr work order from promoter-linked GHV (India) Pvt Ltd for rail infrastructure in West Bengal. Related party transaction, albeit stated at arm's length.

RBL Bank receives Crisil AAA/Stable (LT) & A1+ (ST)

Board approved allotment of equity shares on preferential basis by way of conversion of loans, and approved raising capital through a Rights Issue of equity shares for an amount not exceeding Rs 15 Crores.

Umang V Trivedi (Promoter) sold 600k shr via exchange. Before voting: 1,682,862; after: 1,082,862.

The company postponed its partly paid-up rights issue indefinitely, after previously extending the closing date from June 25 to July 24, 2026. Offer price and entitlement ratio remain unchanged, with revised dates to be announced.

Info Edge disclosed its startup portfolio is valued at INR 41,300 Cr, an 8.4x return on INR 4,900 Cr invested across 135 companies. AI and deeptech investments total INR 1,003 Cr with 2.1x and 1.2x multiples respectively. The company sees future value creation driven by AI, deeptech, and consumer tech.

The board meets on 29 June 2026 to evaluate raising up to Rs 50 crore via preferential issue of equity or convertible warrants, and to convene an EGM for shareholder approval.

Board approved issuance of 15,000 Unlisted Secured Redeemable Non-Convertible Debentures of face value Rs 1,000 each, aggregating to Rs 1.5 Cr, on private placement basis.

GX Ventures LLP (non-promoter) bought 15k shares (open market), VR: 4.98% → 5.48%.

Fox Petroleum Group announced a proposed $50 million strategic investment in Danube Industries, to be made in two tranches subject to regulatory approvals. The first $25 million will expand existing operations, while the second targets acquisitions. The company will rebrand as Fox Danube Technologies Limited.

Shree Refrigerations' AC systems installed on two of three Indian Navy warships commissioned by PM Modi, repeating a similar feat from January 2025. A new 50,000 sq ft plant doubles capacity. H2FY26 revenue grew over 100% YoY, while FY26 grew over 50%.

Tinna Rubber announced the inaugural commercial dispatch from its new rCB and TPO facility at Varale, Maharashtra, which transforms end-of-life tyres into recovered carbon black and tyre pyrolysis oil. No capacity, ramp-up timeline, or revenue contribution figures were disclosed.

Yash Hitesh Patel (non-promoter) held 8.93L shrs, acq 2.02L open mkt, now 10.96L VR.

Brahmaputra Infrastructure emerged as L1 bidder for a ₹70.18 Cr, 5-year PBMC contract on NH-502A in Mizoram, strengthening its strategic footprint in the Northeast border region.

Asian Energy Services secured a Rs 187.6 crore EPC contract from Gujarat State Electricity Corporation for a coal handling plant upgrade, marking its first major order outside Coal India and diversifying its client base into state utility projects.

Parminder Kaur (Promoter) sold 4,88,926 shares (7.83%) in Prabhhans Industries off-market, holding becomes NIL.

Shreyans Surana (non-promoter) sold 6.21L shares (5.93%); before: 6.21L, after: 0; open market.

Almondz Global Securities received in-principle approval from BSE and NSE to issue 80 lakh warrants convertible into equity shares at a floor price of Rs 16.58 per share to non-promoters on a preferential basis.

Lehar Footwears secured its largest-ever OEM order worth ₹39.70 Cr for supply of 18 lakh pairs within 60 days, enhancing revenue visibility.

Whole-time Director & CFO Kanak Kewalramani sold 345,620 shares (Rs 67.83 Cr) and COO Dinesh Kewalramani sold 167,200 shares (Rs 32.80 Cr) on BSE, reducing combined promoter group holding by about 2.1%.

Board approved appointment of Mr. Ghanshyam Gupta as Interim CFO and Mr. Punit Purushottam Agarwal as Interim CRO, both effective June 22, 2026. Resignations of Mr. Ghanshyam Rawat (President & CFO) and Mr. Ashutosh Atre (President & CRO) accepted, effective September 21, 2026.

3i Infotech’s subsidiary won a INR 33.6 Cr (AED 13.08 Mn) purchase order from a UAE-based tech company for cybersecurity, cloud, and IT resource services. Initial term is 1 year, renewable.

Galada Finance announced the unexpected death of CFO K.R. Manimeghala on June 20, 2026, calling it an irreparable loss to the company.

KMEW consortium secured ₹66.11 Cr IWAI contract for 10 hybrid electric passenger ferries—KSPL's first external government shipbuilding order, marking strategic entry into green vessel manufacturing.

Board approved issuance of Tier II bonds up to ₹500 Cr on private placement basis. Mr. Sarjukumar Pravin Simaria appointed as Whole Time Director (Executive Director) for 3 years effective June 22, 2026, relinquishing CFO role. 10th AGM scheduled for August 4, 2026.

Board allotted 13,05,000 convertible warrants at Rs. 92 per warrant (premium of Rs. 82) to non-promoter allottees on preferential basis. Received second tranche consideration of Rs. 4.54 Cr from nine allottees. Warrants convertible into equity shares within 18 months upon payment of balance 75% consideration.

Chief Financial Officer Satish Kumar resigned effective June 20, 2026, citing pre-occupation and personal reasons. No material reasons were cited in his resignation letter.

Board approved proposals to adopt new Articles of Association, seek shareholder approval to sell/lease/mortgage substantially whole undertakings under Section 180(1)(a), and authorize borrowings up to Rs 70 Cr under Section 180(1)(c). Postal ballot to be conducted for shareholder approval.

NCLAT Chennai stayed CIRP against Kallam Textiles, directing the Committee of Creditors to evaluate a restructuring proposal within four weeks. The company remains fully operational. NCLT had admitted Union Bank's insolvency petition on April 6, 2026. Appeal listed for August 12, 2026.

Sical Logistics equity shares placed under additional surveillance measure due to IBC criteria, restricting trading to once a week from June 22, 2026. Company states no material financial impact.

Pace Digitek approved an ESOP, Pune R&D center, and Inso Pace acquisition. Crucially, it is expanding BESS manufacturing capacity by 7.5 GWh to 10 GWh, backed by a 5.32 GWh order pipeline, via Rs. 200 crore internal accruals, targeting FY2027 commissioning.

Promoters of Binny Mills Limited executed a family settlement agreement transferring the VRV Group's equity and preference shares to the Sisters. Consequently, management and control, including board majority and the right to nominate the Managing Director, will shift from the VRV Group to the Sisters.

Siyaram Recycling Industries secured a Rs. 5.99 crore domestic order from Supreme Industries for CPVC and brass inserts. The fixed-cost order is to be executed within 7 days.

Power Mech Projects secured a ₹1,008.90 Crore domestic order from JSW Thermal Energy for civil and structural works at a 2x800 MW thermal power project in Salboni, West Bengal. Execution is scheduled within 36 months.

Promoter group: Yes. Sold 680000 shares via open market sale. Before: 3278000, After: 2598000.

Board appointed Mr. Parshottambhai Premjibhai Rupareliya as Managing Director and accepted the resignation of Mr. Sharang Amar Sharma. The Board also approved the alteration of the Object Clause of the MOA to include travel and tourism business activities.

Cranex Limited received fresh orders totaling Rs. 18.52 Crores from BHEL and Indian Railways for EOT Cranes. This pushes the company's total order book past Rs. 100 Crores. Deliveries are scheduled for completion by 2027.

Kamla Business Ventures LLP, Promoter: Yes, Pre: 1037969, Post: 837969, Mode: Open Market sale

Deep Industries received a Letter of Award from ONGC for gas compression charter hiring services at Lakhmani GGS-5, Assam Asset. The 3-year contract is valued at approximately INR 83.81 crores.

Antelopus Selan Energy Limited announced it will conduct one-to-one analyst and institutional investor meetings on June 24-25, 2026, in Mumbai with various mutual funds and asset management firms. Discussions will pertain only to public domain information, with no unpublished price-sensitive information shared.