Recent Update

Umang Trivedi, Promoter:Yes, Before:2413092, After:1682862, Mode:Off-market sale

Proposed demerger into 3 listed entities; Ganesha Ecosphere equity partnership; RACE App launched; expanding washing plants & collection centers; EPR mandate tailwinds.

Desco Infratech received a Letter of Intent from Sabarmati Gas Limited for laying, installing, testing, and commissioning steel gas pipelines. The contract is valued at Rs. 150.64 million.

Serum Inst sold shares via open market. Promoter:No. VR before:5758775, after:4489228.

WABAG secured a 'Mega' (>USD 150M) DBO contract from Kuwait's MEWRE for a 272 MLD SWRO Desalination Plant. The project includes 36 months of EPC and 5 years of O&M, marking WABAG's entry into Kuwait.

Aurobindo Pharma's subsidiary, Aurobindo Pharma USA Inc., received US FTC approval to acquire 100% of Lannett Company LLC. The company anticipates the transaction will close before the end of June 2026.

GE Power India Limited has called NCLT-directed meetings of equity shareholders and unsecured creditors on 20th July 2026 to approve the proposed Scheme of Arrangement between GE Power India Limited and JSW Energy Limited and their respective shareholders under Sections 230-232 of the Companies Act, 2013.

Zeal Aqua Limited has availed a credit facility of Rs. 10.88 crore from Punjab National Bank under the ECLGS scheme to meet working capital and business operation requirements. The loan agreement was executed on June 18, 2026.

Pennar Industries allotted 3,000,000 convertible equity warrants to promoter entity Pennar Holdings at Rs. 168 each, potentially raising Rs. 50.40 crore. Separately, promoter Aditya Rao pledged 3,173,000 shares (2.35% stake) with Bajaj Finance for personal borrowing.

Om Metallogic Limited received a domestic work order from Oswal Castings Private Limited for 476,350 kg of Aluminum Alloy Ingot Adc-12, valued at Rs. 1880.79 lakh.

Amber Enterprises signed a manufacturing collaboration agreement with Oppo Mobiles India to produce mobile phones for OPPO, OnePlus, and Realme. This marks a new line of business for Amber, requiring zero initial investment and offering significant operational synergies and diversification.

Imagicaaworld Entertainment Limited is temporarily closing its Imagicaa Water Park at Khopoli from June 19, 2026, following a Maharashtra Irrigation Department directive to stop using dam water due to low levels. The duration and financial impact are currently unknown, though the company may seek insurance coverage.

Board approved the conversion of 28,00,000 Convertible Warrants into 28,00,000 Equity Shares at a conversion price of ₹15 per share, aggregating to ₹3.15 Cr. The equity shares were allotted to the promoters of the company.

Pharma-focused digital engagement platform for healthcare professionals and patients.

Arco Leasing Limited announced that the RBI approved the appointment of Mr. Atul Jaiswal and Mr. Jitesh Kothari as Directors on the Board of its material subsidiary, Ansu Trade & Fiscals Private Limited, effective up to June 1, 2031.

Orient Ceratech's Board approved selling its Windmills (Power Division) to Greenwich Energy Thirteen LLP for Rs 15.25 crore. The division contributed 1.55% of turnover and 7.45% of net worth in FY26. Agreement expected within 30 days, completion in approximately 6 months.

T.V. Today Network clarified that its Board of Directors did not recommend any final dividend for the financial year 2025-26 during their May 15, 2026 meeting.

3i Infotech received a ₹14.71 crore purchase order from NCDEX for the renewal of managed services, facility management, and asset management for 3 years.

Board approved raising funds via QIP up to Rs. 2,000 Cr, enhanced from the earlier approved limit of Rs. 1,000 Cr. Company is currently non-compliant with Minimum Public Shareholding norms and intends to use the QIP to achieve MPS compliance. Postal ballot notice approved to seek shareholder approval.

Veer Global Infraconstruction Ltd's board will meet on June 22, 2026, to consider a preferential equity share issue, allotment of equity shares via loan conversion, and a rights issue of equity shares.

Board approved fundraise via QIP of up to 100 Cr. EGM convened on July 13, 2026 for shareholder approval.

Board approved the acquisition of equity shares of Carya Chemicals & Fertilizers Private Limited (a material subsidiary) by way of conversion of an outstanding unsecured loan aggregating to Rs 25 Cr. The acquisition aims to enhance control and strengthen the Company's holding structure in the subsidiary.

Dollar Industries scheduled NCLT-directed meetings on July 22, 2026 to approve a Composite Scheme involving demerger of Dindayal Texpro's hosiery unit and merger of eight group companies into Dollar Industries, consolidating operations and brand ownership while reducing related-party transactions.

Media Matrix Worldwide Limited reduced its corporate guarantee for subsidiary nexG Devices Private Limited from ₹80 Crores to ₹40 Crores in favor of Kotak Mahindra Bank. The company holds 56.78% of nexG's paid-up share capital. The guarantee secures fund and non-fund-based facilities for the subsidiary.

TruAlt Bioenergy secured ₹150 crore financial assistance approval under the PM JI-VAN Yojana for its commercial-scale Sustainable Aviation Fuel project in Bagalkot. The assistance will cover 7-10% of the project's capex. The planned facility has a production capacity of 10 crore litres per annum.

SEIAA revoked the Environmental Clearance for Brigade's 'Brigade Morgan Heights' residential project in Chennai without a prior hearing. Brigade strongly objects, citing the land is private patta land and the Madras High Court recently dismissed a PIL against it. Brigade is appealing the arbitrary revocation.

The Dugar family announced an open offer to acquire a 26% voting stake in Colinz Laboratories at ₹54 per share, totaling ₹3.53 crore. This follows a Share Purchase Agreement to acquire a 34.56% stake from seller Vijaya Mani, resulting in a change of control.

Prime Securities acted as exclusive investment banker to Lloyds Engineering Works' acquisition of controlling stake in Steel Infra Solutions Company at ~₹1,220 Cr equity valuation. Prime disclosed the deal citing materiality of revenues to be earned. The transaction is described as one of the largest done by Prime.

Hiliks Technologies secured a Rs. 95.51 crore sub-contract from KMC Constructions for South Central Railway signaling and Kavach implementation in Telangana. The 24-month project raises the company's cumulative pending orders to Rs. 165 crores.

BIF IV Jarvis India Pte. Ltd., a sponsor of Altius Telecom Infrastructure Trust, sold 13.75 crore units on-market on June 16, 2026, for approximately INR 2,269 crore. The sponsor's holding decreased from 49.85% to 45.34%.

B.R.Goyal Infrastructure Limited received a Rs. 13.05 Crore work order (LOI) from LNJ Greenpet Private Limited for civil and construction work in Ratlam, Madhya Pradesh, to be executed within 6 months.

Board approved allotment of 2,72,000 equity shares at Rs 26/- per share upon conversion of convertible warrants (8th tranche) to Retaggio Ventures LLP (promoter group) and Keight Ventures LLP. Board also approved acquisition of an immovable property in Mumbai for approximately Rs 10 Cr.

M/s Mahesh Udhwani & Associates resigned as statutory auditors of Mangalam Industrial Finance Limited effective May 14, 2026, citing non-receipt of required information and records to discharge professional responsibilities. The company disclosed this late due to an administrative oversight.

Vision 2031: $350-450Mn capex; 4x-6x revenue; 18-22% EBITDA. Triggers: Hosur aerospace ecosystem, Ajna UAV JV, consumer electronics scale-up.

Rukmani Devi Mittal, Promoter:Yes, Before:420283, After:160283, Mode:Open Market Sale

Southern Magnesium received a GST demand notice of INR 30.32 lakh from the Deputy Assistant Commissioner, Rajamahendravaram Division, for alleged short payment of output tax (April 2025-February 2026). The company believes it has a strong case and expects no financial impact.

Board approved acquisition of 88.12% stake in Steel Infra Solutions Company Limited for Rs. 1,073.40 Cr. Lloyds Enterprises will acquire 17.98% for Rs. 219 Cr, while material subsidiary LEWL will acquire 52.16% for Rs. 635.40 Cr through cash and share swap.

Finkurve Financial Services Limited announced a Board Meeting on June 24, 2026, to consider raising funds up to Rs. 50 Crores through issuance of Non-Convertible Debentures (face value INR 1,00,000 each) via private placement on the Electronic Bidding Platform.

LEWL announced the acquisition of SISCOL for approximately ₹1,073 crores, funded via cash and equity, alongside a preferential share issue. The transaction targets combined revenue exceeding ₹10,000 crore by FY29/30. SISCOL reported FY26 revenue of ₹817 crore with an order book of ₹1,134 crore.

Board approved acquisition of 88.12% stake in Steel Infra Solutions Company Limited (SISCOL) for ~₹1,073 Cr, funded via cash and share swap. SISCOL reported FY26 revenue of ~₹817 Cr and PAT of ~₹44 Cr. Board also approved borrowings of up to ₹1,000 Cr and preferential allotment of shares.

The Preferential Issue Committee approved the issuance of up to 800,000 equity shares at an issue price of Rs 125 per share, raising approximately Rs 10 Cr from non-promoter categories. The Board also approved an increase in authorized share capital and scheduled an EGM for July 15, 2026.

Amber's subsidiary IL JIN is acquiring an additional 38.50% stake in Ascent Circuits for Rs 336.75 crore, raising its ownership to 98.50%. This move consolidates control, aiming to streamline governance and enhance operational synergies in the electronics sector.

Bata India appointed Sanjay S. Rao as Managing Director and CEO, effective October 1, 2026, succeeding Gunjan Shah who completes his five-year term. Rao brings over two decades of retail leadership experience from Nike and Inditex.

Board approved fundraise of up to Rs 60,000 Cr via debt instruments including Long Term Bonds, Basel III compliant Additional Tier 1 and Tier 2 Bonds, through public offer or private placement during FY27, subject to GOI approval.

Board appointed Mr. Harish Kumar GS as Chief Executive Officer and Key Managerial Personnel w.e.f. June 18, 2026.

Neetu Yoshi Limited received a domestic purchase order worth approx. INR 7.39 Crores (inclusive of GST) for the supply of Cast Steel Bearing Plates as per RDSO specifications. The order is to be executed on or before 30 June 2026.