Recent Update

Opened QIP on September 22 after board and September 19 shareholder approval, fixing relevant date as September 22 and floor price at Rs3,648.43 per share with up to 5% discount possible; issue price to be set with lead managers. Context: advances the pending equity-raise process to launch.

QIP Committee on 22 Sep 2026 authorised opening of QIP of Rs 1 shares, fixed relevant date 22 Sep 2026 and floor price Rs 3648.43; up to 5% discount possible. Moves the approved equity raise into execution via QIP after shareholder approval, starting price discovery; first equity raise since listing, focus now on pricing and dilution. Final issue

Completed ₹10.62 crore Nuclear Fuel Complex Hyderabad project for nuclear fuel flow control systems, ordered Dec 30 2025, finished Sep 22 2026 ahead of Oct 15 contractual deadline. Context: ending spillover risk into H2.

CFO and KMP Mahesh Singh Masani resigned effective close of business on 22 September 2026 citing personal and professional goals, holding nil shares; no successor named, with handover support offered.

Allotted 4,610 Series A secured NCDs worth Rs4.61 crore at 20% p.a. for 18 months and 97 lakh equity shares on warrant conversion at Rs4.80, raising Rs3.49 crore. MD Rajesh Singh Kaira stepped down to non-executive director. Context: first warrant conversion and NCD drawdown since March funding reset.

NCLT Hyderabad approved Innopark (India)'s resolution plan on Sept 8, merging PurpleTalk India into Baron Infotech. On Sept 22 Monitoring Committee noted appointment of five directors including Sridhar Muppidi as Chairman & MD, approved CIRP and creditor payments, and proposed shifting registered office.

NDA Securities withdrew its approved preferential issue of 1,70,00,000 equity shares at Rs 37 each to promoters and non-promoters, cleared by board in February-March and shareholders March 16, citing reasons beyond control via circular resolution.

Two promoters received pre-clearance to sell entire holdings via NSE at market within 7 days: Rajesh Emmanuel Francis up to 2,81,100 shares and Manish Pancholi up to 1,61,100 shares, both to NIL. Ref price Rs177 (21 Sep close). Context: adds second promoter to exit overhang.

FY26 total income +93% to Rs391 crore, PAT +165% to Rs108 crore, beating Rs335 crore revenue and Rs100 crore profit guide. Raised FY27 guidance to Rs725-750 crore revenue and Rs210-225 crore net profit; Q1 income +142% to Rs157 crore, PAT +194% to Rs44 crore.

Board approved authorised cap hike to 250 Cr shares, Rs140 Cr cash equity, Rs166.4 Cr swap for 21.62% Automech, Rs40 Cr warrants all at Rs5; SPA extended to 15 Dec 2026. Continues equity-funded expansion with heavy dilution and new large holders; clarifies swap leg of Abu Dhabi acquisition; extension signals delay with cash use and debt leg undisc

Manglam Infra received LOAs worth Rs 95.94 lakh from MPRRDA for bridge DPR consultancy in Mandla and Sehore packages, executable in 3 months.

Prostarm to commence operations Sept 25, 2026 at 1.2 GWh BESS plant in Jhajjar, new UPS and lithium battery plant in Bakrol, and servo stabilizer/transformer operations in Mahape after trial runs. Context: on-time start after prior deferrals, beginning in-house manufacturing ramp.

Declared L1 bidder on 22 September 2026 for Greater Noida Industrial Development Authority drain project worth Rs 3823.19 lakhs, domestic contract. Award subject to LOA/work order and agreement execution. Context: non-NHIDCL win aiding diversification beyond core highway packages.

Board appointed Aashish Agarwal, Jefferies India Managing Director and Country Head since 2020, as Chief Executive Officer and key managerial personnel effective February 15, 2027; Karan Bhagat continues as Managing Director till July 26, 2030 and becomes Vice-Chairman and Managing Director from same date.

Board appointed Aashish Agarwal as CEO and KMP effective Feb 15, 2027; Karan Bhagat continues as MD till July 26, 2030 and becomes Vice-Chairman and MD the same date. First external Group CEO with founders staying; built to run Wealth, Asset and Capital Markets as one platform with sharper focus, extending recent broking and wealth scale-up. Cont

Received ₹18.15 Cr domestic order from Rajalakshmi Institute of Technology for G+7 superstructure works at Chennai, to be completed in 380 days.

Received 21 Sep 2026 Tamil Nadu GST show-cause notice for Apr23-Mar24 alleging Rs 5,168.38 mn ITC use and tax short-payment, with computational errors; company says not maintainable, no material impact, will respond.

OSWAL ENERGIES LIMITED non-promoter before 800800 after 1598800 Open Market bought

Chiraharit received Rs77.18 lakh L&T domestic order dated 21 Sep 2026 for supply-only pipes & fittings for solar cleaning system in Bihar; second small win after Rs59.6L irrigation order, no RPT.

Board approved borrowings of Rs 11.75 Cr from HDFC Bank, comprising Rs 9.75 Cr term loan and Rs 2 Cr working capital facility per sanction letter dated 17 Sep 2026. Borrowing is within shareholder-approved limits under Section 180(1)(c) from 31st AGM on 30 Sep 2024 and as per HDFC Bank terms. Interest rate, tenure, security and end-use of funds n

Board approved Rs5cr Series-A secured unlisted NCDs (5,000 x Rs10,000), 18-month tenure, 20% annual coupon paid monthly, 125% receivables cover with Catalyst as trustee. Appointed Jitendar Prasad, 24-year mortgage veteran, as CEO and KMP. Context: first drawdown under newly approved debt headroom.

Board deferred proposed private placement of Secured, Redeemable, Unlisted NCDs up to Rs 3 Cr (300 debentures of Rs 1 lakh each), 12% coupon, 24-month tenor. No SEBI-registered Debenture Trustee or valuer appointed, so offer letter cannot be issued; process to restart afresh on revival save member approval. Members' Aug 28 2026 approval stays val

Board approved write-off of loans/advances to subsidiary Chimera Entertainment for 1.65 Cr and associate Heritage Productions for 0.74 Cr, total 2.39 Cr. First write-off after years of audit qualifications on unprovided subsidiary advances the firm long defended; hits standalone only, nil consolidated impact, and sits just below material RPT appro

Promoter Bina Kishore Chhabria to sell up to 55 lakh shares (1.9663% stake) in open market from Sept 23 to Oct 31, 2026 to help meet minimum public shareholding norms; promoter group holds 80.91% as of Sept 22.

Finance Committee approved Rs15Cr NCDs (15000xRs10k, 11.9% monthly, 30m8d, secured) and direct-assignment sales up to Rs20Cr plus raising prior Rs8.74Cr approval to Rs12Cr, 90:10, Purple as servicer. Sell-downs now a repeating, scaling channel, still only claimed income-accretive with no completion or income disclosed; new NCD adds costly wholesal

Cranex won Rs7.18cr domestic orders: Rs5.84cr DEE VEE material-handling system due May 2027 and Rs1.33cr BHEL Chanju 100T EOT crane due Feb 2027.

Received APSSDC Notification of Award for NIA-based GenAI multilingual interview platform for up to 20 lakh users on SaaS per-minute billing; 5-year term; Tier-7 above Rs25cr, largest order to date.

Board approved Rs 60 crore Bharuch expansion to raise glassware capacity for Borosil Ltd from 15 lakh to 108 lakh units per annum at 87% utilization, funded via internal accruals/borrowings with commercial production by March 2027. Context: deepens structural related-party supply linkage.

Sachidanand H Upadhyay, promoter, sold open market: 330796229 to 320439246 shares

Sponsor group member Chandru L. Raheja sold 99,00,990 Mindspace REIT units via market sale on BSE on Sept 21, 2026 for Rs 498.75 crore, reducing holding from 3,74,70,664 units (5.66%) to 2,75,69,674 units (4.16%).

Received GST show-cause notice dated Sept 19 for FY23 proposing Rs 533.8 crore demand, including Rs 485.2 crore tax and Rs 48.5 crore penalty, with Rs 479.3 crore from disallowance of exemption on loan interest income. Bank says interest exempt, prior assessments clean, will contest; no crystallised liability.

Finance Management Committee on Sept 22, 2026 approved issuance of rated, listed, secured, redeemable non-convertible debentures up to Rs 50 crore in tranches via private placement on NSE, within existing borrowing limits; coupon, tenure and security to be disclosed at allotment.

EIL signed contract in excess of US$450 million as PMC and EPCM consultant for Dangote's 700,000 BPD greenfield refinery and petrochemical plant in Kenya, extending Lekki partnership. Context: largest Dangote award to date.

Roshan Dealmark, promoter Yes, sold 907105 on-market, before 16367899, after 15460794

Shri Nakoda Logistics Pvt Ltd, non-promoter, sold via Open Market: 2138328 to 562472 shares.

Ansh Jain, promoter group Yes, before 220000, after 272800, open market purchase

Melligeri Foundation, promoter, before 100513070, after 100513070, mode pledge creation

Commenced commercial production Sept 22, 2026 at Manak Tabra-2 laminate plant. Adds 5.25cr sqm p.a. (60,000 tpa) to existing 8.6cr sqm at ~90% utilization. Investment ~Rs 300 Cr via internal accruals to meet growing demand.

Acquired 26% stake in Goodman Vetcare at Rs300cr valuation, a profitable 3-store Mumbai/Navi Mumbai 24x7 vet pharmacy with FY26 revenue Rs23.6cr from Rs14.1cr in FY24, targeting Rs40cr FY27, Rs56cr FY28 and Rs100cr FY31 via 8+ stores across 3 cities. Context: delivers pipeline pet-retail acquisition.

Puravankara made maiden Delhi-NCR entry with 13.44-acre Greater Noida allotment via subsidiary, offering ~4.57 msft and ~Rs 5,200 crore GDV, its largest FY27 deal; FY27 BD totals ~10.74 msft / ~Rs 14,100 crore GDV. Context: scale above usual deal range.

Secured two orders worth over ~Rs985 crore including taxes: 534.3 MWp Rajasthan BOS package from a new domestic IPP and 616 MWh (two 308 MWh) South Africa BESS turnkey EPC from a repeat Middle East developer, its second-largest BESS project.

Secured orders worth over ~Rs985 crore including taxes: 534.3 MWp Rajasthan BOS package from a new domestic IPP and two 308 MWh BESS turnkey projects totaling 616 MWh in South Africa from a repeat Middle East developer, its second-largest BESS project.

Signed MoU to sell entire G+7 residential tower (63,000 sq ft RERA carpet) at ultra-luxury Embassy Terazza, Juhu to Angel One founder Dinesh Thakkar for ~Rs711 crore, billed as India's largest single residential transaction; project spans 2+ acres, ~50 residences, >Rs3,000 crore GDV under DM model.

Proposes Rs100 crore paneer capacity expansion from 20 to 80 MT/day (+60 MT/day) at Manchar and Palamaner, commissioning by June 2027, with existing capacity near full utilisation; paneer flagship growing 28% over two years.

Abhishek Integrations received a Rs 62.91 lakh domestic order from Airports Authority of India for annual maintenance of fire fighting and fire alarm system at Chh. Sambhaji Nagar Airport, to be executed over 24 months covering 2026-27 and 2027-28.

Arpit Agarwal, Megha Agarwal and HUF announced open offer for up to 9.92 crore shares (26% of expanded capital) of Kapil Raj Finance at Rs 2.24 cash (Rs 22.22 crore), triggered by preferential allotment of 26.55 crore shares (69.57%) via share swap for Henyo Pack, gaining control.

Received 2 GW domestic one-time solar-module supply order from leading solar developer for delivery across FY2026-27 and FY2027-28; non-related party.

Board approved acquiring 90% of Henyo Pack (packaging, FY25 sales 46.7 Cr) for 26.55 Cr shares at Rs 2.24 via 100:1 swap plus 67 lakh-share Rs 1.5 Cr cash preferential. Swap gives Henyo holders 69.6% control; shifts from finance to packaging. Auth cap hiked to Rs 46 Cr, name to Henyo Systems, objects changed; needs AGM/exchange nod. 25x dilution

PI secured India registration for Pioxaniliprole, branded Pioxazon, India's first indigenously discovered insecticide, for domestic launch soon. Context: secures approval awaited for FY27 launch.

Board approved Rs 2896 Cr capital outlay for Greenfield Shipyard at Raichak to expand shipbuilding capacity across naval and commercial segments. Clears key step for long-pending Raichak greenfield plan to ease riverine constraints and lift concurrent build capacity for naval and commercial pipeline. Moves cash-rich advance-funded yard toward lar