Recent Update

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).

IRB Infrastructure Trust signed a binding term sheet to transfer two BOT highway assets with enterprise value of Rs.4,605 Cr to IRB InvIT Fund. Unlocking Rs.2,744 Cr equity, the proceeds will fund ~Rs.8,000 Cr in new road sector opportunities, adding Rs.2,400 Cr to O&M order book.

IRB InvIT approved acquisition of two highway SPVs, SYTL and CGTL, for an enterprise value of INR 4,605 crore from its sponsor's Private InvIT. The Trust plans to raise up to INR 3,000 crore via institutional placement, rights issue, or debt to fund the purchase, subject to unitholder approval.

Borana Weaves received Ministry of Textiles approval to join the PLI Scheme for MMF Fabrics, enabling potential incentives on incremental production.

Bannari Amman Sugars received a Rs.12.72 crore tax recovery notice under the Revenue Recovery Act for electricity tax dues from 2003-2016. The company is pursuing legal remedies after a prior favorable High Court order and a previous withdrawal of similar proceedings.

Bank of Baroda settled litigation with NMC Health administrators for USD 600 million (~Rs 5,700 crores), resolving claims without admission of liability. The settlement discontinues proceedings in Abu Dhabi and England.

Promoter group entity Gyanshankar E-Trading LLP acquired 3,782 unlisted Compulsorily Convertible Preference Shares from Union Bank of India (UK) Ltd off-market. The CCPS were earlier allotted to banks upon conversion of a Rs 382.66 crore loan under a resolution plan. No immediate change in paid-up capital.

AAA Technologies has been empanelled by NICSI for comprehensive ICT infrastructure audit of central ministries, state governments, and national data centres through June 2029, with approved per-unit rates and a large scope of nodes likely boosting future revenue.

Board approved issue of up to 10,68,182 convertible warrants at ₹110 each aggregating ~₹11.75 Cr on preferential basis to promoter Siddhartha Roy Burman and 11 non-promoter entities. EGM scheduled for August 01, 2026 to seek shareholder approval.

Board approved a rights issue of equity shares for an amount not exceeding 8 Cr (₹800 Lakhs) to eligible shareholders, subject to regulatory approvals. No other material agenda items discussed.

Siyaram Recycling secured a brass scrap order worth Rs 97.7 lakh from Metal Scrap India, to be executed within 7 days.

RBI rejected TTI Enterprise's application to voluntarily surrender its NBFC registration, preventing its planned exit from the NBFC business. The company must continue compliance and is evaluating RBI's observations for possible further steps.

Kernex commissioned its Kavach 4.0 system on a 207 km section, bringing total coverage to 652 km (572 km by Kernex). The system demonstrated 160 kmph capability and integrated with Hitachi interlocking, reinforcing its position in railway safety.

United Drilling Tools received a repeat domestic order from Vedanta Limited for tubing, pup joints, and crossovers, valued at ₹3.88 crore, to be executed in 24 weeks.

Meera Industries secured a ₹7.95 crore domestic order from DNB Textiles for high-speed BSY yarn twisting and cop winding machines, to be executed by Q2 FY27, reflecting technology leadership.

Promoter Shirdi Sai Electricals sold 2L shares via open market, voting rights 76.65L to 74.65L.

Board meeting on July 10, 2026 to approve allotment of 28.21 lakh equity shares upon conversion of fully convertible warrants, resulting in equity dilution. Promoters get 22.69 lakh shares, non-promoters 5.52 lakh shares.

CTL Trusteeship (non-promoter) debenture trustee: indirect encumbrance on Target via pledge/NDU 0sh.

Promoter Aarcon Nirman Private Limited sold its entire 75,000 shares (1.57% stake) in Aarcon Facilities via off-market transaction on 30 June 2026, reducing its shareholding to zero.

SEBI imposed a Rs. 5 lakh penalty each and a 4-year securities market ban on promoters Vedprakash and Savitridevi Chiripal. The company states no material financial or operational impact is expected and the promoters may appeal.

Milling, processing, and dealing in rice, grains, pulses, spices.

Apeejay Surrendra Park Hotels received an income tax assessment order for AY 2024-25 with a demand of Rs 41.07 crore due to disallowances. The company will appeal, expects substantial relief, and states no material operational or financial impact is anticipated.

Received two wagon supply orders worth Rs. 351.16 Cr from JSW Rail Logistics and Sushila Transport.

Suryoday Small Finance Bank has received Rs. 387.45 crore in full from NCGTC under the CGFMU scheme, representing interim claims raised and termed by the bank as ordinary course of business.

J&K Bank's provisional Q1FY27 figures show total business up 20.4% YoY to ₹3.04 lakh crore, with advances growing 25.5%. However, CASA ratio fell sharply to 42.08% from 45.71% YoY, a decline of 363 bps, potentially pressuring margins.

Board approved preferential issue of up to 24.9 Cr convertible warrants to promoter group entity Sunbright Mauritius Investments at Rs 126/warrant (~Rs 3,144 Cr), representing up to 20% diluted equity, at a 16.3% premium to closing price. Also approved ESOP 2026 of up to 3.74 Cr options at Rs 126 each.

Board approved raising of funds up to Rs 120 Cr via rights issue of equity shares to eligible shareholders, subject to regulatory approvals. Terms including issue price, rights entitlement ratio, and record date to be determined later.

Board approved fundraise of up to Rs 1200 Cr via qualified institutions placement, preferential issue, or other equity-linked instruments, subject to shareholder approval.

NLC India Renewables Ltd, a wholly owned subsidiary, received a Letter of Award for a 600 MW solar project (2x300 MW) in Jalaun, Uttar Pradesh, through tariff-based competitive bidding, significantly expanding its renewable energy portfolio.

Exato Technologies secured an export order worth USD 479,375 for software licenses from a global entity, reinforcing its global presence in CX solutions.

SEBI final order bars two promoters from securities market for 4 years and fines Rs 5 lakh each. Company states no material financial or operational impact; promoters may appeal the order.

Polyplex Corporation's board resolved not to tender its 51% stake in Polyplex Thailand into AGPH (Thailand) Ltd.'s tender offer, signaling an intent to retain control of the subsidiary.

Hero MotoCorp announced a Rs 3,200+ crore investment in Andhra Pradesh, laying the foundation for its second Global Parts Centre in Tirupati. The plan includes scaling EV production capacity to 1.2-1.5 million units and creating around 4,000 jobs.

Board approved acquisition of 51% stake in Trichy Metals and Alloys Private Limited for Rs 12.47 Cr. TMA has lead refining/smelting capacity (revenue potential ~600 Cr p.a.), FY26 revenue Rs 163.74 Cr, PAT Rs 3.60 Cr. Acquisition aligns with lead recycling business, expected completion by Aug 30, 2026.

SEBI's final order imposed a Rs. 5 lakh penalty each and a 4-year securities market ban on promoters Vedprakash Chiripal and Savitridevi Chiripal. The company claims no material financial or operational impact and may appeal.

Nisus Finance, through its INR 1,700 crore RESO-I fund, invested INR 70 crore in three Bengaluru residential projects by Sumukha Housing with a combined GDV of INR 300 crore, targeting mid-income and premium housing.

Faze Three received approval under the Government's PLI Scheme for MMF Fabrics and Technical Textiles. The incentive applies to incremental sales of eligible products.

Media Matrix Worldwide has executed a supplemental deed reducing its corporate guarantee for subsidiary nexG Devices Private Limited from ₹70 crores to ₹50 crores to secure bank facilities.

Siddharth Mittal appointed Managing Director & CEO of Syngene International effective 1 July 2026, succeeding Peter Bains. Mittal joins from Biocon with nearly three decades of leadership experience and aims to sharpen commercial execution and restore growth momentum.

India Home Loan Ltd. restructured ₹17.55 crore debt with IDFC FIRST Bank into 84 monthly installments at 12% p.a. (11% if timely), with penal interest waived. Conditions include a personal guarantee from Mr. Mahesh Pujara, cash flow routing, and asset charge.

Sundara (Mauritius) Ltd, not promoter, sold 5,698,416 shares (10.43%) via open market, now 0.

Solarium Green Energy reported an order book of ₹852.28 crore as of June 30, 2026, comprising ₹467.50 crore in ground-mounted projects, ₹310.47 crore in solar module supply, and ₹74.31 crore in other segments.