Recent Update

Shri Pradip Kumar Das ceased as Chairman & Managing Director upon superannuation. Dr Bijay Kumar Mohanty, Director (Finance), has been entrusted additional charge as CMD for three months or until a regular appointment is made.

Evans Electric received a Rs. 1.6 crore service order from Tata Power for stator winding repairs at Bhivpuri Hydro Generating Station.

Promoter Ravi Todi disclosed the sale of nil equity shares between June 22 and June 30, 2026. His 31.79% holding remains unchanged.

Acuité upgraded long-term to A, short-term to A1

Shirdi Sai Elec. (promoter) sold 300K shares; voting shares 7.965M to 7.665M, open mkt.

Siyaram Recycling secured a Rs. 81.65 lakh order from Supreme Industries for CPVC inserts, to be executed in 7 days.

Avio Smart Market Stack signed an MoU with Intellecap to digitally empower Farmer Producer Organisations through its SMART platform, targeting operational digitisation, financial inclusion, and market access.

Promoter group sold 813,684 shares of Goodluck India Ltd via open market, voting rights now 54.00%

Promoters increased stake by 4.97% to 46.72% in Q1FY27 via open market purchases. Management targets doubling AUM, Total Income and PAT over three years, anchored on an AI-led, risk-disciplined lending strategy.

Lokesh Machines removed from US OFAC SDN List, unblocking all previously frozen property. This resolves a major regulatory overhang and restores normal business capabilities.

WABAG won a large order (USD 30-75M) for Vienna's Donauinsel Water Works expansion, strengthening its European footprint and order book.

RITES secures a Project Management Consultancy contract from BBAU for campus infrastructure development with a total project cost of approx. ₹175.41 Crore.

Exato Technologies received multiple work orders worth ~INR 10.36 crore in June 2026 for CX and telephony solutions, spanning 3-5 years, including domestic and international orders.

Unisem Agritech shifted its banking facilities from Federal Bank to Karnataka Bank, securing aggregate facilities of ₹21.69 crores through term loans and overdraft. The change aims for better services and working capital management, with no adverse impact on operations.

Board approved availing a credit facility of INR 16 Cr under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 from HDFC Bank as a working capital term loan at 8.95% interest.

Board approved transfer of Friction Business Undertaking (84% of FY26 turnover) to Rane (Madras) Limited on slump sale basis for INR 370 Cr cash consideration. Subject to shareholders' approval via postal ballot; expected completion by 30th September 2026. Proceeds to be partly returned as special dividend; transaction expected to be EPS-accretive

RDB executed a shareholders agreement to acquire a 42.5% stake in Maxim Industries for establishing a solar cell manufacturing plant in Chhattisgarh. The company currently holds 29% and will gain equal board representation rights upon milestone completion.

Board approved fundraise via rights issue of up to Rs 12 Cr (Rs 1200 Lakhs) to eligible shareholders, subject to regulatory approvals. Board also noted regulatory fines of Rs 11,800 each from BSE and NSE for non-compliance with listing regulations; fines paid and compliance monitoring mechanism to be strengthened.

Essex Marine Limited successfully exported 46 tons of premium frozen headless Vannamei shrimp to Japan, valued at ₹3.85 crore, marking entry into Japan's stringent high-quality seafood market and strengthening its international export footprint.

Board approved merger of Kiran Syntex Limited (Transferee) with Gujarat Kiran Polytex Limited (Transferor) at exchange ratio of 14.857 shares for each Transferor share. Both operate in textiles; rationale is business efficiency and economies of scale.

Board approved acquisition of 100% of Wealth First Advisors Pvt Ltd, a wealth management firm. Phase I: 51% stake for Rs 52.10 Cr (Rs 40 Cr cash + Rs 12.10 Cr share swap) by Dec 2026. Phase II: remaining 49% by Mar 2030 via share swap. Related party transaction.

HUDCO's Q1 FY27 loan sanctions nearly doubled YoY to ₹65,485 crore, while disbursements rose to ₹16,377 crore from ₹12,812 crore.

Manufactures fibre-based friction materials for automotive, railway, and industrial applications.

Parmod Sagar resigned as Managing Director & CEO, transitioning to Non-Executive Chairman. Pankaj Malhan, former Jindal Steel executive, appointed as new MD & CEO. Azim Syed stepped down as Whole-time Director but remains CFO.

Sold 0.99% stake in Prime Industries for Rs 88.54 lakhs, causing it to cease as an associate. In FY26, Prime contributed 53.58% of consolidated income and 17.65% of net worth.

Tata Communications announced the resignation of CTO Genius Wong and retirement of an EVP. It appointed Rupesh Chokshi as new CTO & EVP of Network Services and Vivek Srivastava as EVP of Cloud & Cybersecurity, to accelerate AI-driven network and cloud growth.

Board approved draft scheme of merger by absorption of promoter entity Expo Project Engineering Services Private Limited into the company with a share exchange ratio of 22:1, subject to NCLT, SEBI and other approvals. Transferor had FY26 turnover of Rs 4.4 Cr and PAT of Rs 0.3 Cr.

Board approved preferential issue of 3,23,123 convertible equity warrants at Rs 582 each, raising approx Rs 18.81 Cr from promoter group and one non-promoter. EGM scheduled for July 28, 2026 to seek shareholders' approval.

Prestige Estates launched Phase 2 of Prestige Forest Hills in Mulund, Mumbai, comprising 500 units with an estimated gross development value of approximately ₹2,200 crore and ticket prices starting from ₹2.73 crore.

Sical Logistics sold non-core land and building in Chennai for Rs. 18 crore to Roshan Foundations, consistent with its NCLT-approved resolution plan. The assets contributed nil to last year's revenue or net worth.

Board approved rights issue of 40 crore equity shares at Rs 1.20 per share, aggregating up to Rs 48 Cr. Entitlement ratio of 4:1. Record date set at July 17, 2026; issue opens August 1, 2026.

Dhampur Sugar Mills allotted ₹100 Crores in 30-day Commercial Paper at 7.15% to Kotak Mahindra Bank, rated IND A1+.

NCLAT stayed further CIRP steps against Aksh Optifibre. The company continues operations under IRP supervision with promoter support. Promoter to deposit Rs 3.33 crore in instalments by six weeks. Next hearing on August 6, 2026.

Revathi Equipment India announced the resignation of CFO Sudhir Raju, effective June 30, 2026, citing personal reasons. The company is in the process of appointing a successor.

Rajender Kumar Agarwal (Promoter) bought 2,40,480 shares off-market, pre 20,79,253 post 23,19,733.

Cupid Limited expects Q1 FY27 revenue above ₹150 Cr. Management raised FY27 revenue guidance to ₹660+ Cr from ₹600 Cr, citing strong international B2B demand, PFSCM agreement, and expanding condom and lubricant businesses. Net margins expected ahead of current guidance.

KPIT expects Q1FY27 USD revenue decline of ~1% YoY due to sudden European OEM cutbacks, with EBITDA and net margins declining proportionately. H1FY27 will be unsatisfactory; recovery expected in H2FY27 on resilient order book and AI-led measures.

EPACK Durable received Andhra Pradesh government approval for incentives under Mega Category, including 36.41-acre land allotment, 50% capital subsidy, for proposed investment of Rs 314 crore (Rs 1,084 crore combined with subsidiary).

NCC Ltd. received two transportation division orders totaling Rs 534.85 crore in June 2026.

JK Paper's Hardwood BCTMP Plant commenced commercial production on 30 June 2026, strengthening raw material integration and cost efficiency.

Board took note of resignation of CFO Mrs. Francisca Rosario effective June 30, 2026, and appointed Mr. Navraj Bhatt as CFO and Key Managerial Personnel effective July 01, 2026.

Kolte-Patil Developers fully redeemed its Rs 140 crore non-convertible debentures before scheduled maturity, extinguishing the entire liability.

CORONA Remedies commenced commercial production at its EU-GMP Women's Hormone facility (194M tablets/capsules, 1.5M ointments/gels p.a.), lifting in-house hormone capacity ~20%.

Yogi Limited received purchase orders worth approximately ₹48.62 crore from Companion Vinimay Trading for industrial components to be executed within 15 days.

The Board re-appointed Sushil Kumar Goyal as Managing Director and Abhey Goyal as Whole-time Director for three years. CFO Jai Gopal Sharma superannuated; Anil Kumar Rana, previously Finance Controller, appointed CFO effective July 1, 2026. Saju Mathew designated Senior Management Personnel.