Recent Update

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.

Fujikura's patent EP3796060 has been fully revoked by the European Patent Office, ending UK infringement litigation against Sterlite's Celesta cable family. The non-appealable decision is favorable, and Sterlite is pursuing recovery of legal costs.

Board meeting on July 8, 2026 to approve acquisition of 100% stake in Cultureantique Jewellery Private Limited through a share swap, issuing equity shares as consideration, and to convene an EGM/AGM for shareholder approval.

Fermenta Biotech received FSSAI approval for its plant-based Vitamin D3 product, VITADEE Green®, developed and manufactured in India, enabling commercialization in the domestic nutrition market.

Board appointed Mr. Rahul Adakmol as Chief Executive Officer effective July 15, 2026. Mr. Narsimha Shibroor Kamath stepped aside as CEO to continue as Managing Director. Board also appointed Mr. Santosh Parab as Non-Executive Non-Independent Director.

Advent Hotels International sold a 50% stake in its subsidiary ACHIL to Prestige Estates for Rs. 504 Crores, forming a joint venture to develop a strategic land parcel in Sahar, Mumbai. The transaction monetizes the asset while retaining 50% interest.

PTC India entered into a Power Purchase Agreement with NTPC Renewable Energy Ltd. to purchase 1200 MW of solar power under a bilateral arrangement, significantly expanding its renewable energy portfolio.

Corrigendum correcting NHAI toll collection contract value to ₹197.53 crore from earlier ₹8.11 crore, a ~24x increase.

NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, signed a 1,200 MW solar power purchase agreement with PTC India Limited under a bilateral arrangement.

IRB InvIT Fund seeks unitholder approval to acquire two toll road assets for INR 2,744 crore equity value, at a 4% discount to independent valuation, alongside a proposed fundraise of up to INR 3,000 crore and extension of project management agreements for three existing assets.

Atul Kumar Agrawal, President - Finance & Treasury, has resigned effective August 31, 2026, to pursue the next phase of his career. The company has stated he will ensure a smooth transition.

Q1 FY27 update: Consolidated revenue growth high-teens, ahead of double-digit guidance; EBITDA ahead but margins pressured. Indonesia & Africa strong. Costs easing; confident to exceed FY guidance in select metrics.

Board approved fund raise via rights issue of equity shares to existing shareholders for an amount not exceeding Rs 69 crores.

Received ₹130.14 Cr LoA from UP Jal Nigam for a 60 MLD sewage treatment plant in Varanasi under Namami Gange, with 15-year O&M.

Talbros Engineering is acquiring a 40,000 sq ft industrial premises in Pithampur, Madhya Pradesh, for Rs 25 crores from Lakhani Rubber Products. The site is intended for future expansion and new project development, though no commercial production timeline has been provided.

Karnataka High Court quashed the EPFO show cause notice alleging Rs. 185 crore in PF trust losses, directing EPFO to consider TeamLease's reply and conduct an enquiry per law.

Board approved allotment of 86,95,000 equity shares upon conversion of warrants at Rs 31.25 per share, raising Rs 20.38 Cr from non-promoter investors. Outstanding warrants of 3,09,95,000 remain eligible for conversion within the 18-month window.

RRP Defense secured a INR 64.31 Cr purchase order from BEL (Govt of India) for 16,035 VARDHANA X6 Day Scopes. First order under 100% Indigenous Mandate with exclusive technology transfer from Meprolight, Israel.

Nurture Well Industries Limited issued a Rs. 25 crore corporate guarantee to Punjab & Sind Bank for a loan facility availed by material subsidiary Nurture Well Foods Limited, creating a contingent liability with no immediate financial impact.

HUDCO signed an MoU with the Bihar government to provide up to ₹1,00,000 Cr in term loans over 5 years for greenfield satellite cities and urban infrastructure projects.

JSW Steel commenced development of its Rayalaseema steel project in Andhra Pradesh, a 2 MTPA plant with total planned investment up to ₹16,350 crore. Phase 1 invests ₹4,500 crore for 1 MTPA capacity using EAF technology to produce low-carbon structural steel.

Board approved redemption of 1,082,387 preference shares at ₹167.70 each plus 4% annualized return for seven years, funded from retained earnings. Record date: July 21, 2026; payment date: August 5, 2026.

SEBI final order finds funds diversion of ₹99.48 Cr, systematic financial statements manipulation, and unpaid dividend reversal. Imposes market ban, penalties, and directs fund recovery.

Max Estates delivered pre-sales of ~INR 1,100 crore in Q1 FY2027, up 5x YoY, selling 487 units. Phase 1 of The Terraces fully sold. Collections at ~INR 500 crore. Total GDV pipeline at ~INR 17,200+ crore.

DCX Systems and its subsidiary Raneal Advanced Systems received purchase orders worth INR 34.79 Cr and INR 12.79 Cr respectively for cable/wire harness and PCB assemblies in the normal course of business.

PVP Ventures received regulatory approval to defer principal repayment on Rs 150 crore in non-convertible debentures by one year to June 2027, citing liquidity constraints and requiring promoter deficit funding to meet near-term interest obligations.

Pre-sales surged 129% YoY to ₹700 Cr, with collections up 47% YoY to ₹550 Cr. Management reiterated FY27 EBITDA margin guidance of 17%-19% despite front-loaded costs. Net debt rose to ₹827 Cr as projects launched in FY26 advance.

Board approved fundraise of up to Rs 600 Cr via QIP or other permissible modes, subject to shareholder approval.

Board approved a material related party transaction with Pride Hotels Limited for up to ₹95 crore and a borrowing limit increase to ₹200 crore, both needing shareholder approval.

Lancer Container Lines received BSE approval to list 10.28 crore preferential shares issued to non-promoters, resulting in significant equity dilution of approximately 29%.

Marsons Limited received a ₹17.93 crore purchase order from S.T. Electricals for 10 MVA power transformers, to be executed in 6 months.

Received Letter of Acceptance for a Rs.738.61 Cr water supply project in Rajasthan, including design, build, and 10-year O&M.

Received Rs 27.64 cr work order from Andhra Pradesh BC Welfare Dept for cleaning & sanitation services at 563 hostels over 2 academic years.

CTL Trusteeship (non-promoter) pledge of 6.63M APL shares (5.31%); voting rights unchanged (0).

Bluspring's step-down subsidiary STEAG Energy Services won a 5-year O&M contract for Vedanta's 1,215 MW captive power plant, valued at Rs. 1,437.17 crores.