Recent Update

Zeal Aqua Limited has availed a working capital term loan of Rs. 5.47 crore from Axis Bank under the Emergency Credit Line Guarantee Scheme to fund business operations.

Board approved fundraise of Rs 173.5 Cr via preferential issue of 7.41 lakh equity shares at Rs 2,341/share to promoter Anupam Rasayan India (increasing stake to 26.07%) and others. Also approved proposal to list equity shares on NSE. Board appointed Dr. D. Karthikeyan, IAS as Chairperson.

GK Energy secured a ₹235.92 crore order from MSEDCL to deploy 10,000 solar-powered water pumping systems in Maharashtra, to be executed within 60 days. This lifts total orders from the utility to ₹637.83 crore.

Faalcon Concepts secured a Rs 101.93 crore work order from Splendor IT for design, fabrication and installation of aluminium glazing façade work at Splendor ONYX, Noida, over 3 years.

Board recommended issuance of bonus shares in ratio of 1:2, subject to shareholder and regulatory approvals.

Enviro Infra Engineers secured two HAM EPC orders worth ₹256.92 crore for 45 MLD and 60 MLD sewage treatment plants in Varanasi under the Namami Gange Programme, expanding its HAM portfolio to five projects with 15-year O&M.

Veefin Group's PSB Xchange platform onboarded Bank of India as a lending partner, aiming to expand digital supply chain financing and working capital access for MSMEs and dealer ecosystems through a unified multi-lender network.

Board meeting on July 9, 2026 to consider a preferential issue of equity shares or convertible warrants to promoters for funding lab-grown diamond business expansion.

Blue Cloud Softech deployed 'AI-CopWriter', India's first AI multilingual FIR recorder, for Hyderabad City Police. The app transcribes complaints in ten languages and produces tamper-evident FIR drafts in seconds, with plans for city-wide rollout across police stations.

Granules India secured Sole First-to-File ANDA status for Sodium Oxybate ER Oral Suspension, generic LUMRYZ. This is its second sole FTF, advancing its complex generics portfolio.

Strongest-ever Q1: Consolidated AUM ~₹16,000 Cr, disbursements +54% YoY. Credit cost improved to 2.5-3.0%, GNPA 2.0-2.5%. Promoter to infuse ₹100 Cr equity at premium. Non-MFI share rose to 19%.

Oberoi Realty recorded gross bookings of approximately ₹8,109 crore at its first NCR luxury project, Three Sixty North, Gurugram, covering 13.52 lakh sq. ft. RERA carpet area, marking a major milestone in its North India expansion.

HOCL commenced reopening activities for its Phenol and Hydrogen Peroxide plants following a temporary shutdown, potentially restoring production and revenue.

Diamond Power Infrastructure secured a Rs. 435.71 crore order from L&T, Sterling & Wilson, and Blue Star to supply HT & LT cables for 310 MW Hyderabad data center projects, among the largest in the segment.

Nykaa expects Q1 FY2027 consolidated net revenue growth near thirties and GMV/NSV in early thirties. Fashion NSV growth accelerated to mid-fifties, with net revenue near fifties. Beauty NSV growth was late twenties. Store count reached 324.

GK Energy secured a Letter of Empanelment for 10,000 off-grid solar pumps from Maharashtra State Electricity Distribution Co., valued at ₹235.92 Cr, to be executed in 60 days from work order issuance.

Board decided to undertake an independent review of the previously approved Composite Scheme of Arrangement following stakeholder feedback. It will appoint a big four firm as external advisor to provide recommendations within 30 days. Final decision on the scheme is pending.

Jyoti Ltd. secured a ₹952 Lakh purchase order from Megha Engineering for design, manufacture, and supply of VT pumps and HT motors for an Andhra Pradesh irrigation project. Execution is within 24 weeks.

Received ₹11.90 Cr work order from WBSEDCL for security personnel deployment over 2 years, starting Aug 2026.

Prime Minister inaugurated SJVN's 1000 MW Bikaner Solar Power Project, India's largest single-location DCR solar project built with an investment of ₹5,492 crore. Expected annual generation is 2,455 million units, supplying power to Rajasthan, Uttarakhand, and Jammu & Kashmir.

CG Semi, a subsidiary of CG Power, commenced commercial production at its G1 OSAT facility in Sanand, Gujarat, with peak capacity of 300 million units per year as part of a ₹7,600 crore semiconductor investment plan.

Board approved a Scheme of Reduction of Capital to reduce paid-up equity capital by 75% and Securities Premium Account to nil, utilizing Rs 12.43 Cr to set off accumulated losses, aiming to turn net worth positive. Approved AGM on August 8, 2026.

Oswal Pumps received an additional Rs. 235.92 crore order from MSEDCL for 10,000 solar pumps under PM Kusum Scheme, to be executed in 60 days.

ITAT granted substantial relief of Rs. 172.82 Cr out of Rs. 178.24 Cr disputed additions for AY 2022-23, directing deletion of the Rs. 249.27 Cr demand. The company will apply to give effect to the order and remove the liability.

Board approved preferential issue of up to 45,00,000 equity shares at Rs 28 per share (face value Rs 10) to non-promoter category persons, subject to shareholder approval via postal ballot. Funds to be raised approximately Rs 12.6 Crores.

Board approved increase in authorised share capital from ₹13 Cr to ₹100 Cr, alteration of MOA object clause, and calling of EGM for shareholder approval. MD Chirag Thummar resigned, replaced by Shirish Savaliya. Former CFO Yagnik Satasiya became Non-Executive Chairperson; Drashti Delvadiya appointed as CFO. Three other directors resigned.

Lux Industries board approved Rs 450 crore capex for Dankuni facility, adding 12 lakh sq ft. Upon optimum utilization, expects Rs 900-1000 crore incremental annual revenue, 5-year payback, completion in 6 years.

Board approved availing an inter-corporate loan of up to Rs 10 Crore from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited, repayable on demand, to meet working-capital requirements, repayment of outstanding dues, and general corporate purposes.

Board approved scheme of capital reduction to cancel 11.37 Cr equity shares on a pro-rata basis, reducing paid-up capital to set off accumulated losses of ~11.58 Cr. Approved entry into pet animal healthcare business via MOA alteration. Appointed Mr. Ravi Kanth Chopperla as Non-Executive Professional Additional Director. Proposed related party tran

Board to consider sale of entire undertaking (retreading segment) and postal ballot notice for shareholder approval on July 8, 2026.

Vandan Foods Limited extended a corporate guarantee for Pharmearth Private Limited's enhanced credit facilities of up to INR 17.85 crores. The directors of Pharmearth hold a minor 0.84% aggregate stake in Vandan. The guarantee is a contingent liability with no immediate financial impact.

Shakti Pumps received a Letter of Empanelment for 15,000 Off-Grid Solar PV Water Pumping Systems worth ~Rs 354 Cr from Maharashtra State Electricity Distribution Co., to be executed within 60 days of work order.

Board noted resignation of CFO Mr. Zeeshan Ali Mohammed Habibi and appointed Whole-Time Director Mr. Mohammed Sahim Haris as CFO effective 7 July 2026. Ms. Maithri K B appointed as Company Secretary and Compliance Officer replacing Mrs. Jessica Juliana Mendonca.

Board approved fundraise via issue of Foreign Currency Convertible Bonds (FCCBs) up to USD 15 Million on a private placement basis, subject to shareholder and regulatory approvals. Board also approved convening an Extra-Ordinary General Meeting on July 31, 2026 to seek shareholder approval for the issuance.

Super Iron Foundry Ltd. availed working capital term loans under ECLGS 5.0 totaling ₹20.71 crore from UCO Bank (₹9.71 Cr) and Bank of India (₹11 Cr), secured by property, with 60-month tenure.

GR Infraprojects' wholly owned subsidiary received the completion certificate for the 1368 crore Bandikui-Jaipur expressway spur, effective commercial operation from October 1, 2025. The HAM project triggers annuity revenue.

Received tax order of Rs 1.60 Cr for AY 2015-16; company to appeal, expects favorable outcome and states no material impact.

NCLT approved capital reduction: 50% cut in paid-up value (Rs 10 to Rs 5) and 2:1 share consolidation to write off accumulated losses; total shares halved.

Pajson Agro India board approved a Rs. 30 crore secured working capital facility from HSBC Bank, including a Rs. 20 crore letter of credit, with pari-passu charge alongside Kotak Bank.

Everest Industries' subsidiary withdrew its Rs. 138 crore fibre cement boards plant project in Assam, surrendering land acquired for Rs. 10.90 crores. The company stated this decision will not adversely impact financials.

Board approved appointment of Mr. Gunjan Srivastava as CEO & Managing Director and Mr. Manish Desai as CFO & Whole-time Director, effective July 4, 2026. Accepted resignation of Mr. Shirish Suvagia as WTD & CFO. Granted 12,50,000 stock options to eligible employees under ESOP Plan 2023. Appointed Mr. Jayesh Gandhi as Independent Director.

Ex-employee and IT vendor created a fraudulent domain and email impersonating Cressanda to mislead key government clients. The company alerted clients, terminated vendor access, launched a cybersecurity audit, and will pursue legal action.

Board approved issue of USD 100 Mn unsecured Foreign Currency Convertible Bonds (FCCBs) comprising 1,000 bonds of USD 100,000 each, bearing a 2% coupon per annum, issued at a 15% discount to principal amount (aggregate issue price of USD 85 Mn), maturing on July 09, 2031. FCCBs to be listed on Afrinex Stock Exchange, Mauritius. Conversion price set

Board approved issuance of USD 100 Mn unsecured FCCBs (1,000 bonds at $100k each) with 2% p.a. coupon, issued at 15% discount (issue price $85 Mn), maturing July 2031. Conversion price at INR 3.60 per share, translating to ~264.6 Cr underlying equity shares on full conversion. Listing on Afrinex Stock Exchange, Mauritius.

Sobha reported its highest-ever quarterly sales value of ₹36.56 bn, up 76% YoY, with record sales area of 2.34 mn sq ft and 1,432 homes. Strong performance driven by new luxury launches in Bangalore and Gurgaon.

Real estate development company undertaking a commercial project in Mumbai.

Board approved a 5-for-1 stock split, re-designated Sandeep Merchant as Managing Director, and approved material related party transactions including a Rs 350 crore deal with Chapra Capital Ventures and a wellness beverages joint venture.