Recent Update

RVNL received a ₹2,977 crore contract from NMDC Limited to set up Buffer Stockpiles & Blending Yard of 10 MTPA capacity at Vizag, Andhra Pradesh. The project is to be executed in 42 months.

NCLT admitted an insolvency petition against Aksh Optifibre Limited under Section 7 of the IBC for an outstanding of Rs. 2 crore plus interest. The tribunal ordered the commencement of the Corporate Insolvency Resolution Process, declared a moratorium, and appointed an Interim Resolution Professional.

Nureca Limited disclosed a Family Settlement Agreement among promoters. Aryan Goyal and Payal Goyal will transfer their combined 33.74% stake to Saurabh Goyal, increasing his holding to 68.09%. Consequently, Aryan Goyal will resign as CEO and director.

Entity:Gaurav Mittal, Promoter:Yes, Mode:Off-Market sale, Pre:3133154, Post:2933154

CRISIL assigns A3+ short term rating to SPML.

Vikas Goyal (Non-Promoter) bought via Open Market. Before:4621260, After:5684060.

Texmaco Rail & Engineering received a Letter of Intent from JSW (South) Rail Logistics Pvt Ltd. worth Rs. 253.28 crores for the manufacture and supply of BFNSM1 Rakes and BVCM Wagons, to be executed within 13.5 months.

Brooks Laboratories' board approved the sale of a 16.33% stake in Brooks Steriscience Limited for ₹106.33 crore. Post-transaction, the company will retain a 32.67% stake. Proceeds will fund expansion, capacity enhancement, and general corporate purposes.

Chennai Petroleum Corporation Limited announced that the Government of India has granted it Navratna status, as conveyed by the Department of Public Enterprises. This designation provides the company with enhanced financial and operational autonomy.

Pajson Agro India Limited secured an enhancement of credit facilities from Kotak Mahindra Bank Ltd totaling Rs. 27.50 crore, sanctioned on March 31, 2026. This includes a Rs. 7.50 crore working capital demand loan enhancement and a Rs. 20.00 crore term loan, secured by the company's current and movable fixed assets.

Som Distilleries announced that the Madhya Pradesh Excise Department rejected its FY 2026-27 excise license application for its Bhopal plant. The company is pursuing legal remedies to restore the manufacturing license and taking steps to mitigate the operational impact.

Callista Industries received BSE's in-principle approval for a preferential issue of 2,12,50,000 convertible warrants and 56,50,000 equity shares at Rs. 10 each to promoters and non-promoters.

Windsor Machines Limited approved the conversion of 1,04,24,811 warrants into equity shares at an issue price of ₹191.85 each, receiving ₹149.99 crores. The allotment was made to Mr. Vinit Dharamshibhai Bediya, who now holds a 10.25% stake in the company's post-issue paid-up capital.

Goodluck India's subsidiary, Goodluck Defence and Aerospace, secured a domestic order worth Rs. 255 crores to manufacture and deliver 155mm long-range empty shells within 10 months.

JCIL received a domestic order worth ~INR 85-90 Crores from JSW JFE Electrical Steel Nashik Private Limited. The contract involves manufacturing, supply, and services for Tunnel Furnace Packages of the CRGO Project, to be executed within 15 months.

Alfa Transformers' Board approved the slump sale of its loss-making Vadodara Unit to KASST Industries for Rs 18 crore. The unit, contributing ~32% of FY26 revenue but holding Rs 15.8 crore in accumulated losses, is being divested to resolve working capital issues and make Alfa debt-free.

Board approved sub-division of equity shares in a 1:10 ratio (face value Rs. 10 to Rs. 1) and issuance of bonus shares in a 5:8 ratio. Board also accepted resignations of Company Secretary & Compliance Officer and Non-Executive Independent Director.

Sumeet Industries announced a ₹199.75 Cr Rights Issue to fund capacity expansion, debt reduction, and working capital. Management guided FY26-27 Total Income to grow ~30% with EBITDA margins of 5.0%-6.0%, and FY27-28 Total Income to nearly double with EBITDA margins of 5.5%-6.5%.

Board approved adoption of a new line of business in consumer electronics, mobile phones, mobile accessories, and computer hardware, alongside alteration of the MOA and AOA. Board also approved borrowings up to Rs 200 Cr and related party loans up to Rs 25 Cr. EGM called for July 17, 2026.

Manoj Jewellers Limited's board will meet on June 24, 2026, to consider a proposal for raising funds via a rights issue or other permissible modes. The board will also appoint Mr. Sunil Shantilal as the new Chief Financial Officer.

Board approved acquisition of 40% stake in Quebec Petroleum Resources Limited for Rs 18.43 Cr via cash consideration. Target is a Vadodara-based lubricants manufacturer with FY25 turnover of Rs 184.73 Cr (down from Rs 249.20 Cr in FY23). Transaction is a related party deal at arm's length basis.

SBEC Sugar Limited has availed an unsecured financial assistance of Rs. 100 Crores from its promoter group entity, Longwell Investment Private Limited. The related party transaction, executed on an arm's length basis, carries a 15% per annum interest rate and requires no security.

Promoters Pawan & Kiran Mittal sold shares. Before: 10909500, After: 9944500, Mode: Open Market

Kirloskar Oil Engines won a major order from HyperNext for 96 units of 2500 kVA Optiprime Dual Core systems totaling 192 MW. This marks one of India's largest deployments of high-capacity standby power systems for large-scale data center infrastructure.

Intense Technologies announced the retirement of Founder and Managing Director Mr. C.K. Shastri effective June 19, 2026, due to age and health reasons. The Board conferred the honorary title of Chairman Emeritus upon him for continued strategic mentorship.

BCPL Railway Infrastructure Limited bagged a Rs 46.18 million contract from Eastern Railway's Sealdah division. The project involves design, supply, and erection of 25 KV OHE and allied electrical works for platform extension. The order is expected to be executed over a period of 12 months.

Volrado Venture (Non-promoter). Before:4019338, After:2119338, Mode:Open Market Sale.

Aimco Pesticides' wholly-owned subsidiary entered a Student Research Project Agreement with the University of Melbourne for novel agricultural product studies, committing AUD $191,096.40.

Mahindra Lifespaces acquired a 15-acre land parcel in Kandivali East, Mumbai, with an estimated Gross Development Value of Rs 5,600 crore and development potential of approximately 1.8 million sq ft, expanding its Mumbai residential portfolio.

Sandu Pharmaceuticals announced the untimely demise of its Promoter and Managing Director, Shri Umesh Sandu, on June 19, 2026. He held 1,388,693 shares. His sudden death is described as an irreparable loss, raising concerns over leadership continuity for the company.

Aruna Ganesh; Promoter: Yes; Before: 17114604; After: 0; Mode: Open market sale.

Board approved adoption of a new line of business in consumer electronics, mobile phones, and allied products, along with the alteration of the Object Clause in its MOA. Board also approved borrowing powers up to 200 Cr and convened an EGM on July 17, 2026.

Shayona Engineering Ltd received a domestic purchase order for Rs. 3.04 crore (including GST) to supply engineering components. The order is scheduled for execution by June 30, 2026. The customer's name is withheld due to confidentiality.

NCLT approved the Resolution Plan for Bloom Dekor Limited under the IBC, submitted by Dr. Sunil Gupta and Mr. Karan Singh Wilkhoo. The plan involves capital restructuring, debt-to-equity conversion, and management change to revive the company as a going concern.

Arfin India Limited received a domestic order from JFE Shoji India Private Limited for 7,400 MT of Aluminium Deox products, valued at approximately ₹300 Crores. Supplies are scheduled for completion by September 2026.

Hindustan Zinc Limited announced the appointment of Mr. Amarendu Prakash as the Chief Executive Officer-Designate effective June 19, 2026. Mr. Prakash brings over three decades of steel industry experience, previously serving as the Chairman & Managing Director of SAIL where he drove capacity expansion and operational excellence.

Reliance Industries announced that its material subsidiary, Jio Platforms Limited, approved a Draft Red Herring Prospectus for a proposed IPO. The offering will be a fresh issue of up to 27 crore equity shares at a face value of Rs. 10 each, subject to regulatory approvals.

NINtec Systems' subsidiary secured a €1.10 million (~Rs. 12.10 Cr) international contract from a Finland-based AI company to act as its strategic technology partner. This perpetual engagement supports the client's AI platform and reinforces NINtec's AI-first strategy.

Apollo Finvest (India) Ltd. disclosed that arbitration proceedings have been initiated by M/s. Psi Phi Global Solutions Private Limited claiming INR 6.02 crore under a Master Service Agreement. The company believes the claims are without merit and does not expect a material adverse financial impact.

Alembic Pharmaceuticals received USFDA tentative approval for Binimetinib Tablets, 45 mg, therapeutically equivalent to Mektovi. As the sole first applicant with a Paragraph IV certification, Alembic may secure 180 days of US generic marketing exclusivity upon final approval. The drug has an estimated market size of US$259 million.

Scan Steels approved an ₹850 crore expansion to scale finished steel capacity to 7.5 LTPA and EBITDA to ₹575 crore by FY31. Funded by a ₹500 crore fresh equity raise and internal accruals, projects include a 12 LTPA pellet plant and 50 MW captive power.

Sepia/Anchor/Sage(non-promoter)sold Corona shares via open market. Before:12788069,After:8206478

Providing engineering and technical consultancy services.

Vivaa Tradecom Limited's board will meet on June 26, 2026, to consider and approve raising funds via a rights issue of equity shares to existing shareholders, including the constitution of a Right Issue Committee.

Vanita L. Nagda (Promoter: Yes). Before: 1043510. After: 0. Mode: Open Market.

Regency Fincorp Limited allotted 15,000 secured, rated, redeemable non-convertible debentures on a private placement basis. The NCDs have a face value of INR 10,000 each, aggregating to INR 15 crores, with a 13% coupon rate and a 30-month tenor.

Shivoy Gupta (Promoter) shares: 6107 to 23855; Mode: Off-Market (Gift Deed).