Recent Update

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.

Marathon Nextgen Realty's subsidiary signed a development agreement for a premium society redevelopment project in Versova, Mumbai, with an estimated GDV of over ₹450 crore on 1.5 acres, marking its entry into society redevelopment targeting low-density residential development without significant upfront investment.

IIFL Finance approved a USD 300 million, 4-year fixed-rate senior secured note issuance at 7.60% semi-annual coupon under its $1.5 billion GMTN programme, with proceeds for onward lending and business growth.

IndiGrid announced the withdrawal of the Scheme of Amalgamation between three SPVs and IndiGrid Limited following an NCLT order received July 1, 2026. The scheme stands revoked and of no effect.

3i Infotech renewed its DWBI support agreement with SBI General Insurance for ~Rs 5.18 Cr over one year. The company states the amount is below its materiality threshold.

Board approved closure of Qualified Institutions Placement (QIP), allocating 34,01,360 equity shares at ₹1,470 per share (4.99% discount to floor price), raising ~₹500 Cr.

Keshav Inani (promoter) got 157,786 shares via transmission; voting rights 285,550 to 443,336.

NHC Foods' board approved signing an LOI to acquire Agriconnect Solutions, an agri-commodity trader. The target's revenue fell 67% YoY to Rs117.6cr in FY25 with negligible profit. Deal terms, consideration, and stake undefined; due diligence ongoing.

Chiraharit Limited received a Rs. 4.49 crore purchase order from VSL Green Power for supply and services for a solar cell and module manufacturing facility.

Ramco Systems appointed President & COO Raghuveer Sandesh Bilagi as CEO effective July 2, 2026. He is a veteran who founded the company's strong Australia & New Zealand business and previously held leadership roles at HCL Technologies and Tech Mahindra.

Board meeting on 9 July 2026 to consider a preferential issue of equity shares to non-promoters up to Rs. 30 crore and authorize management to appoint intermediaries.

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Promoter Group member Himanshu Parmar acquired 1,600,000 convertible warrants via preferential allotment for Rs 40 lakh on June 30, 2026, signaling insider confidence.

Promoter Group member Ravi Jabbar Sharma acquired 1,600,000 convertible warrants via preferential offer on June 30, 2026, paying ₹4,000,000 (25% of issue price).

Received a ₹17.75 Cr EPC order for a 5.24 MW solar project from Standard Solar Ltd. Clarified as routine, ordinary-course business with no change in strategy or risk profile.

Board approved a 5:1 bonus share issue and increase in authorized capital to Rs 57.86 Cr. Also approved re-appointment of Managing Director and appointment of statutory auditor.

Board approved increase in authorized share capital from Rs 52 Cr to Rs 125 Cr, and issuance of equity shares on a rights basis for an amount up to Rs 100 Cr.

SEBI final order: ₹1 crore penalty and 5-year securities market ban on Goenka Business & Finance Ltd. for violations. Company plans to appeal.

Board approved preferential issue of up to 24.10 lakh equity shares at Rs 115 per share aggregating ~27.7 Cr to non-promoter allottees, subject to shareholder approval. EGM set for 31 July 2026.

Manufactures Chlorinated Paraffin and Hydrochloric Acid.

Board approved a Scheme of Arrangement to amalgamate Rajdhani Petrochemicals Pvt Ltd and demerge the manufacturing undertaking of GSP Intermediates Pvt Ltd into the company, effective April 1, 2026. No share issuance or cash consideration; aimed at simplifying corporate structure and achieving operational synergies.

Maruti Suzuki inaugurated its Kharkhoda plant, starting with 0.5 million unit capacity and scaling to 1 million, backed by INR 35,000 crore investment and 21,000 jobs. The facility will be among the world's largest, supporting the company's 4 million unit annual ambition.

Board approved forfeiture of 9,11,479 unexercised warrants. Amount forfeited: Rs 1.59 Cr. Outstanding warrants lapsed, no change in paid-up share capital.

Adani Enterprises and IHC's IRH signed an MoU with Odisha for a 50:50 JV to build a USD 11.5 billion integrated aluminium project, including a 4 MMTPA alumina refinery and 2 MMTPA smelter, creating 53,500 jobs.

Preferential Issue Committee approved allotment of 1,00,00,000 fully convertible warrants at Rs 20.25 per warrant (~20.25 Cr total) to promoter and non-promoter entities.

Sponsor Rapid Holdings 2 Pte. Ltd. sold 3.97 crore units of Energy Infrastructure Trust on June 30, 2026, reducing its stake from 34.22% to 28.24% in on-market transactions for approximately INR 302 crore.

Purple Agrotech received a SEBI order imposing a 4-year securities market restraint and a Rs 50 lakh monetary penalty. The company is reviewing the order and says no impact beyond the penalty.

Mr. Sabu Thomas resigned as Managing Director, citing personal reasons, effective 02 July 2026. The Board appointed Mr. Mithun Wales as Additional Executive Director and Managing Director for five years. Mr. Nikhil Gehlot appointed as Independent Director; Board committees reconstituted.

SBC Exports received a Rs. 32 crore, 6-month extension for manpower services from MPMMCC Cancer Centre/BHU, effective July 1, 2026.

Board meeting on 7 July 2026 to consider promoter reclassification, fundraising up to ₹100 crore annually via equity and debt, acquisitions, related party transactions, asset restructuring, and capital reduction.

IFMPL (Promoter) sold 461,593 shares off-market; before: 3,335,792, after: 2,874,199.

Artefact Projects JV awarded Rs 3.16 Cr NHAI supervision contract for 85km highway O&M in Tamil Nadu (36 months).