Recent Update

Ashoka Buildcon received a $35.42M LoA from Guyana's housing authority to build a four-lane highway (Lot 8) over 20 months.

Board approved issue of equity shares up to Rs 139.3 Cr via Rights Issue to eligible shareholders. Terms including issue price, entitlement ratio and record date to be determined by the Board/Rights Issue Committee.

Meta Infotech received orders totaling Rs 5.43 Cr, comprising a fresh order from a leading real estate company and renewals from a life insurer and a large private bank.

Equippp signed a non-binding MoU with Telangana government's TASK to co-develop a social impact fellowship program. No financial terms or revenue impact were disclosed.

The USFDA completed a pre-license inspection at Dr. Reddy's biologics facility in Bachupally, issuing a Form 483 with seven observations. The company states it will address them within the timeline, following prior inspections disclosed in 2023 and 2025.

BSE returned the draft amalgamation scheme with Amazing Deals Limited for non-compliance with the 25% minimum public shareholding requirement post-merger. Kaiser is reviewing the observations and may refile within 90 days with no processing fees.

The Fund-Raising Committee approved closure of its qualified institutional placement, allocating 1,258,918 equity shares at ₹1,985.83 per share, a 5% discount to the ₹2,090.34 floor price.

Board approved preferential allotment of 3.74 Cr equity shares and 12.67 Cr convertible warrants at Rs 30 each, aggregating ~Rs 492 Cr. Approved scheme of amalgamation of wholly-owned subsidiary IVIS International (FY26 turnover Rs 1,142.5 Cr, net worth Rs 1,807.1 Cr) with the Company. EGM on July 24, 2026.

Om Power Transmission received a Letter of Award from SAEL Industries for a 220kV transmission line contract worth Rs. 18.50 Cr, to be executed in 8 months.

Techknowgreen Solutions secured a Rs. 2.23 crore work order from STT Global Data Centres India for an air quality monitoring and dust mitigation system at NMDC-02 site, due by Aug 25, 2026.

Board approved increasing authorized share capital from ₹33 crore to ₹333 crore, adding 10 crore equity shares and 2.9 crore preference shares, signaling a potential large fundraising subject to shareholder approval.

Qualitek Labs received NABCB accreditation under ISO/IEC 17020:2012 as a Type A Inspection Body, expanding its inspection services portfolio across mining, metals, machinery, electrical, transport and water sectors.

Astral Limited approved a composite scheme to demerge its Chemicals Business (21% of FY26 turnover) into subsidiary Astral Chemie, which will be listed. Shareholders receive 1:1 shares in the new entity. Al-Aziz Plastics will merge into Astral.

Board approved Composite Scheme of Arrangement: demerger of Chemicals Business (adhesives, sealants, construction chemicals; 21% of FY26 turnover) into Astral Chemie Ltd, to be separately listed with 1:1 share issuance to existing shareholders. Simultaneous amalgamation of subsidiary Al-Aziz Plastics into Astral Ltd. Subject to NCLT, SEBI and stock

Stratmont Industries' Chief Financial Officer Ganesh Yadav resigned for personal reasons effective June 25, 2026. He confirmed no material reasons beyond personal ones and will assist in transition.

Sayaji Hotels Limited's board approved a Rs 50 crore corporate guarantee for Axis Bank loan to group company VICON Imperial (I) Pvt Ltd, a promoter-held entity. It creates a contingent liability with no immediate financial impact. Further loan details are awaited from the bank.

Qualitek Labs' subsidiary received two work orders from IOCL worth ₹3.76 Cr for 2G Ethanol QC lab operation and testing services over 24 months.

Board approved amalgamation of Woodlands Multispeciality Hospital (FY26 revenue Rs 250 Cr, net worth Rs 327 Cr) into RPSG Ventures via composite scheme, then slump sale of hospital undertaking to newly acquired subsidiary Clarionix Healthcare for Rs 400 Cr. Scheme involves OCRPS convertible into equity; minority shareholding dilutes from 36.49% to

Plaza Wires Limited entered into a Rs. 4.82 crore working capital term loan agreement with Punjab National Bank under the Emergency Credit Line Guarantee Scheme 5.0 to support business operations.

Monarch Surveyors received an LOA worth ₹5.08 Cr for preparing a DPR for an elevated traffic corridor along Dravyavati River, Jaipur.

JHS Svendgaard board approved reallocating preferential issue proceeds, raising capex to ₹11.75cr and reducing group infusion to ₹10.75cr, with timelines extended to March 2027 for greater business flexibility.

Received in-principle approval from BSE and NSE for preferential issue of 2.2 Cr equity shares to non-promoters and 72 Lakh convertible warrants to promoters at Rs 42 per share.

Swati Projects invested an additional Rs 1 crore in wholly owned subsidiary Radhashree Roadsters via equity shares for operations and loan repayment, bringing total investment to Rs 1.5 crore.

Sinclairs Hotels will close its loss-making Udaipur property effective June 30, 2026, cancelling the lease. The company will pivot to West Bengal, citing strong brand recognition and expected infrastructure-led tourism growth to support expansions and greenfield projects.

Board approved enabling raise of up to Rs 300 Cr in Tier-1 capital via QIP, rights or preferential issue, and up to Rs 200 Cr via Tier-2 debt, valid 12 months from shareholder nod. Record date for final dividend set as July 17, 2026. Approved modifications to ESOP Scheme 2019.

Relicab received a Rs 13.33 Cr (incl. GST) domestic purchase order for control cables from a leading global power & energy tech company, with delivery by Aug 10, 2026.

Asia Pack Limited reported the discharge of a Rs. 23 lakh corporate guarantee for Miraj Entertainment Limited's credit facility following repayment, reducing contingent liability with no adverse financial impact.

Estate of Late Rakesh Jhunjhunwala (promoter) sold 7.68 Cr shares (13.05%) off-market, now nil.

Jupiter Wagons won orders worth over Rs. 264 crore from JSW (South) Rail Logistics and Central Warehousing Corporation for manufacture and supply of freight wagons, strengthening its order book.

Board approved setting up Gaudium Women Hospital in Lucknow, Uttar Pradesh under a 30-year land lease arrangement with a 15-year lock-in. Estimated project cost of up to Rs 15 Cr for development, construction, fit-outs, medical equipment, and commissioning.

Jindal Saw's API licenses for seamless pipes were reinstated effective 24th June 2026, enabling the company to resume supply to global oil and gas majors and safeguard core revenue.

Board approved Dye House expansion and Spinning modernization at an estimated cost of Rs 170 Cr. Spinning capacity to increase from 108,288 to 110,352 spindles; dyeing capacity from 12,715 MT/Year to 15,972 MT/Year. Funded via internal accruals and debt; completion expected by March 2028.

Board approved investment of Rs 24 Cr in wholly-owned subsidiary Fabtech Technologies LLC (Overseas Direct Investment) and Rs 2.49 Cr in subsidiary FT Institutions Private Limited. Also approved increase in borrowing limits.

Board approved availing financial facilities from Axis Bank Limited for an aggregate amount not exceeding INR 24.17 Crore.

Board approved acquisition of up to 51% in GScale Energy Private Limited for Rs 190 Cr (Rs 125 Cr cash + Rs 65 Cr share swap) as part of a Rs 500 Cr phased investment in AI datacenter engineering. FY2026 revenue ~Rs 793 Cr; management targets 40-50% core revenue growth in FY2027 and ~Rs 250 Cr from the new vertical.

Suzlon secured a 400 MW EPC order from Tata Power Renewables, crossing 1 GW cumulative partnership. The project in Andhra Pradesh includes 127 S144 3.15 MW turbines under its DevCo model.

Received Rs 5.54 Cr order from BPCL for valve supply to Bina Petchem Refinery expansion. Margins negligible.

Onward Technologies secured a ₹33 Cr, 3-year engineering services contract to set up a Dedicated Offshore Development Centre for a leading global power management company's data center segment.

Promoter group (Vikas & Piyush Jain) sold 11.65L sh in open mkt; voting sh from 2.05cr to 1.93cr.

Manubhai Shah sold 3,94,893 shares of Bacil Pharma via open market, stake now 10.02% from 12.77%.

Promoter Sarojdevi Kabra sold 127166 shares (1.74%) via open market; holding pre=127166, post=NIL.

Sanjeev Lunkad (non-promoter) & PACs bought 47k shrs open mkt; before 3,271,893 after 3,318,893

Deep Health AI (non-promoter) reduced Exxaro Tiles stake from 8.23% to 5.98% via open market.

Jalpaiguri Holdings (Promoter Group) sold: before 165,200 VR sh, after 68,700; off market.

Board approved issuance of up to INR 100 Cr in secured NCDs on private placement (INR 75 Cr + INR 25 Cr), with coupon rates of 13.60% and 13.88% respectively, tenure 36 months. Radhika Venugopal re-appointed as Whole-time Director & CFO for three years.

NLC India Renewables Ltd signed a JV with OREDA for 1,000 MW green energy projects in Odisha, including solar, wind, hybrid, and storage, subject to approvals.

Sunil Agrawal, CFO of LIC, resigned effective July 14, 2026, to pursue better prospects. No successor was named.