Recent Update

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.

Adani Enterprises approved the closure of its QIP, issuing 52.03 million equity shares at ₹2,883 per share, a 5% discount to floor price, raising approximately ₹150 billion.

PSL's AA+ placed on Rating Watch Negative

Board approved buyback of up to 11.04 lakh equity shares at Rs 250 per share for an aggregate amount not exceeding Rs 27.60 Cr via tender offer route. Promoters will not participate. Record date fixed as July 15, 2026.

The tax department appealed to the Allahabad High Court against the CESTAT order that had overturned a Rs 312.34 crore GST demand. The matter is at admission with no interim order; HCL Infosystems believes it has a strong case.

ideaForge Technology Limited announced a Qualified Institutions Placement (QIP) with a floor price of ₹835.86 per share, potentially offering up to a 5% discount. The issue price will be determined via book building.

Board approved a Scheme of Capital Reduction to cancel 66.52 lakh shares on a pro-rata basis, reducing paid-up capital from Rs 7.00 Cr to Rs 0.35 Cr to set off Rs 6.65 Cr of accumulated losses. Also appointed statutory auditor, secretarial auditor, internal auditor, and company secretary, and called EGM on 5th August 2026.

Board appointed Mrs. Sarika Agrawal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin as Additional Non-Executive Independent Directors; Ms. Naba Fatima as Additional Non-Executive Non-Independent Director; and took note of resignation of Ms. Hardika Ladha. Board also reconstituted Audit Committee, Nomination and Remuneration Committee, and Stakeholder

Orchid Pharma signed a licensing and supply agreement with Pharmasyntez JSC to commercialize Exblifep in Russia, with a potential opportunity of approximately USD 178 million over the first 10 years.

Artefact Projects, in JV with KCS Engineering, secured a Rs. 2.93 Cr supervision consultancy contract from NHAI for a 38-month NH-149B road project in Chhattisgarh.

Mr. Ashish Begwani will acquire 72.58% stake in Kkalpana Plastick from outgoing promoters, triggering a mandatory open offer for an additional 26% at Rs. 28/share.

Received SEBI Final Order dated 30 June 2026 naming it as a noticee in a multi-scrip market manipulation case. Examining legal and financial implications.

Revised auditor report flags CARO qualification for loan repayment default, material internal control weaknesses, suspected vendor fraud (Rs 1.62 cr), loyalty coupon misuse, listing fines (Rs 67 lakhs), Rs 8.21 cr impairment, and a subsidiary's going concern uncertainty.

Jayant Infratech secured a ₹13.32 Cr railway electrification contract from West Central Railway, to be completed in 9 months. Expected to contribute to revenue and operational growth.

Cosmic CRF’s subsidiary’s acquired spring unit received RDSO prototype approval for hot coiled helical springs, enabling purchase orders up to 60,000 springs (1,000 wagon sets) including field trials, boosting railway component business prospects.

Jhala Rekhadevi Vijaysingh (Promoter Grp) sold 29.4K shr; voting rights: 106.8K to 77.4K (open mkt).

Vishal Fabrics received a final appellate order reducing the GST penalty demand to zero. Earlier orders had imposed a penalty of Rs 21.36 crore, which is now fully set aside, eliminating a significant contingent liability.

Promoter group acquired 84,000 shares (2.25%) via open market, voting rights 40.61% to 42.87%.

Board accepted resignations of Managing Director & CEO Lalit Sureka, Whole-Time Director & CFO Sandip Dalmia, and three independent directors, all effective July 7, 2026. All cited personal reasons or other professional commitments.

Pine View Portf. (non-prom) sold 310K sh Open Mkt; pre 1.36M, post 1.05M.

Silver Touch Technologies won an order from RITES to build PARAKH, India's first self-hosted, multi-model AI platform for DPR appraisal. The AI-native platform uses three LLMs and 500+ engineering rules, establishing leadership in AI for infrastructure governance.

Chiraharit received two purchase orders from Zetwerk worth ~Rs 94.7 Lakhs for supplying and installing solar module cleaning system pipes and fittings.

EMS Limited received lowest bidder (L-1) status for a sewerage project from Delhi Jal Board valued at approximately Rs 158.29 crore, to be executed over 15 months.

Board accepted resignations of Non-Executive Directors Mr. Nilesh Jain, Mr. Shailesh Bajibhai Patel, and Mrs. Priyanka K Gola, along with CFO Mr. Sachin Singh, all effective July 7, 2026. Board committees were reconstituted.

RBI has cancelled Williamson Financial Services' NBFC certificate of registration under Section 45-IA(6) of the RBI Act. The company is seeking advice and intends to pursue restoration.

Promoter Sajid Malik pledged 920,728 shares (2.20%) on 01-Jul-2026 for co. working capital.

Board approved fundraise via Further Public Offering (FPO) of up to Rs 1,500 Cr, subject to shareholder and government approvals. Also approved amendment of Main Objects Clauses and adoption of new Memorandum of Association.

Raunaq International received two work orders from Ambuja Cements totaling Rs. 18.10 Crores for a raw water pipeline project in Chandrapur, Maharashtra.

Promoter Upendra Singh sold 1.65M sh. Before: 18.76M (12.11%), After: 17.11M (11.04%). Mkt sale.

Board approved preferential issue of 5,00,000 convertible warrants to promoter Mohammad Quaim Syed at Rs 479 per warrant, aggregating Rs 23.95 Cr, subject to shareholder approval. M/s Bilimoria Mehta & Co. appointed as statutory auditor for FY2026-31 to fill casual vacancy. EGM approved for shareholder consent.

KP Green Engineering secured new orders worth ₹239.61 Cr across solar, crash barriers, transmission, and PEB segments, boosting order book and revenue visibility.

Siyaram Recycling secured a Rs 1.33 crore order from Saanvi Metal Craft for Brass Scrap Honey, to be executed in 7 days.

Received ₹1.86 Cr work order from HDFC Bank for MIS services.

Solarium Green Energy has been included in the MNRE ALMM for solar PV modules, securing an approved manufacturing capacity of 1.23 GW per annum, a significant milestone for its manufacturing business.

Board meeting on 11 July 2026 to consider bonus equity shares issue and in-principle corporate restructuring evaluation. Both items are material and may impact stock price.

HMT Limited received an order from Bengaluru's Deputy Conservator of Forests to hand over 430 acres of granted land. The company contests this, cites ongoing Supreme Court proceedings, and is taking legal measures to safeguard its interests.

Sattrix secured a ₹9.3 Cr managed security services contract from a leading PSU bank for a 3-year cyber defence center.

SBEC Sugar Limited entered an unsecured inter-corporate loan agreement with Priyadarshini Polysacks Limited for Rs. 5 Crore on 07 July 2026. The loan carries no security and is not a related party transaction.

TARC Limited reported Q1 FY27 presales of ₹602 crore, up 3x YoY, and collections of ₹305 crore, up 80% YoY, driven by strong luxury residential demand and execution.

Promoter Refex Holding Pvt Ltd pledged 35L shares (2.55%) to Axis Securities. Voting rights unchanged.

Premier Energies secured orders worth ₹3,011 crore (1,846 MW) in Q1 FY27, with module capacity now at 11.1 GW and cell capacity expected to reach 10.6 GW by September 2026.

SWPE received a ~INR 166.82 Cr contract extension from Reliance Industries for CBM production services in Madhya Pradesh. Revenue to start Q2 FY27; no additional capex required.

Board approved issue of 1:1 bonus equity shares (one new share for every one held) by capitalising Rs 5.40 Cr from retained earnings, subject to shareholder approval. Also approved increase in authorised share capital from Rs 6 Cr to Rs 12 Cr. Record date to be announced.

CleanMax commissioned a record ~530 MW in Q1 FY27, raising its operational portfolio to ~4.2 GW. Capacity additions were led by Gujarat, Karnataka, and Maharashtra, serving blue-chip clients like Meta, Apple, and STT GDC India.