Recent Update

BCCL formally handed over its 2.0 MTPA Dugda Coal Washery to JSW Steel Limited. This marks India's first-ever coal washery monetization initiative under the Ministry of Coal's guidance, aimed at modernizing coal assets, improving washed coking coal availability, and reducing import dependence.

NCLT admitted a petition by Avail Financial Services Limited and commenced the Corporate Insolvency Resolution Process against Space Incubatrics Technologies Limited for a default of Rs. 1.19 crore. The Board's powers are suspended, and management now vests with the appointed Interim Resolution Professional.

Siyaram Recycling Industries secured a domestic order from Anurag Impex for Brass Scrap Honey worth Rs. 3,20,59,066, to be executed within 7 days.

JBM Auto's subsidiary JBM Ecolife Mobility secured INR 750 crore from Motilal Oswal Alternates. The funds will deploy ~2000 e-buses, expanding the operational fleet to ~5000 e-buses across India over the next 12 months. Consolidated order book stands at 10,000+ electric buses.

RBL Bank approved the allotment of 92.91 crore equity shares at INR 280 per share to Emirates NBD Bank (ENBD) for INR 26,015.77 crore. Post-allotment, ENBD holds a 60% stake and is classified as a promoter. Five ENBD nominee directors were appointed, while two existing directors resigned.

Kirloskar Ferrous Industries, a material subsidiary, secured an international contract from a UK-based buyer to supply 30,000 MT of basic grade pig iron. Valued at approximately USD 13.51 million, the order is on an FOB basis and is scheduled for execution by August 15, 2026.

Sanjay M. Chauhan; Promoter: No; Before: 0; After: 14281220; Mode: open market

FY30 vision: $5bn+ GMV, 100mn beauty customers, 600 stores, mid-teens EBITDA margin, 40%+ ROCE, 5000cr House of Nykaa NSV, AI-native platform.

Vijay Kumar (Promoter) bought 3,440,000 shares (Open Market). Holding: 4,683,750 to 8,123,750.

Man Industries and its Saudi subsidiary received new pipe supply orders totaling approx. Rs.1,000 Crores, to be delivered in 6-9 months. The company's consolidated unexecuted order book now stands at approx. Rs.4,100 Crores.

Satin Creditcare Network Ltd has scheduled a board meeting on June 23, 2026, to consider raising funds up to INR 5,000 Crore through issuance of Non-Convertible Debentures on private placement basis in one or more tranches, subject to necessary approvals.

Genz Inv (Non-Promoter) bought shares via Open Market. Voting shares: 330,000 to 590,000.

HUDCO signed an MoU with the Government of Gujarat to provide up to Rs 1 lakh crore in financial assistance over the next two years for identified infrastructure projects in the state.

Utkarsh Small Finance Bank's board will meet on June 20, 2026, to consider raising funds up to Rs. 500 crore via Tier II bonds (NCDs) on a private placement basis for FY 2026-27.

Board approved acquisition of 50% stake in Best Season Developers LLP, a newly incorporated real estate JV, for total cost of ~Rs 40.5 Cr via transfer of advances, jointly with subsidiary Revera Milk and Foods. Target focuses on integrated township development, aimed at expanding real estate business.

Board approved settling 1.4 Cr in promoter loans via conversion into 13 lakh equity shares at Rs 10.50 per share on a preferential basis. This increases promoter group stake from 34.7% to 42.4%. The Board also approved a new Articles of Association and scheduled an EGM for shareholder approvals.

Star Housing Finance Limited appointed Mr. Yogesh Limbachia as an Additional Non-executive Nominee Director effective June 17, 2026. Nominated by Vardhman Trusteeship Private Limited under a debenture trust deed, Mr. Limbachia brings specialized experience in compliance automation, debt fundraising, and regulatory reporting to the company's board.

Takyon Networks secured a ₹1.5 crore domestic work order from Skynet Services Global. The contract involves supplying and installing F5 Link Load Balancers with Anti-DDoS for APTS AP, with execution mandated within six weeks and a three-year warranty period.

Abans Financial Services has approved providing a corporate guarantee of up to Rs. 75 crore in favor of ICICI Bank. This guarantee secures working capital facilities for its material step-down subsidiary, Abans Broking Services Private Limited, and will be reflected as a contingent liability for the company.

HFCL secured a ₹2,666.09 crore contract from RVNL for BharatNet Phase-III in Uttar Pradesh. The project involves network creation (₹1,192.82 Cr Capex) and 10-year maintenance (₹1,473.27 Cr Opex). This major win follows a previous ₹2,167 crore award, significantly boosting long-term revenue visibility.

Step-down subsidiary Parth Construction signed an agreement with Keystone Realtors to sell 176 units for Rs 143.45 crore. Total pre-sales for the Ambika Nagar project reached Rs 506.73 crore with Phase 1 sold out. Management guided the project to be completed by March 2028.

The NCLT Bengaluru has admitted JLA Infraville Shoppers into the Corporate Insolvency Resolution Process following a ₹2.43 crore debt default. An Interim Resolution Professional has been appointed, the board of directors is suspended, and a moratorium is now in effect. No forward business guidance was provided.

Promoter Bosch Global Software Technologies proposes selling a 7.22% stake in Bosch Home Comfort India Ltd, with a 0.75% oversubscription option, to meet minimum public shareholding requirements. The offer for sale is scheduled for June 18-19, 2026, at a floor price of ₹1,150 per share.

Smiths & Founders (India) Limited has signed a merger agreement with SKF Elixer India Private Limited for growth and diversification. The merger significantly elevates the company's scale, as SKF Elixer brings a turnover of ₹235.45 Crores, vastly exceeding the listed company’s current turnover of ₹13.98 Crores.

Lenders ACRE and Yes Bank have decided to withdraw the Corporate Insolvency Resolution Process petition previously initiated against Zee Learn Limited. While the formal application is pending filing, the Mumbai NCLT has recorded the lenders' intent to culminate the insolvency proceedings.

Sajid Siraj Malik (Promoter) acquired shares via transmission. Before: 12,13,381; After: 45,78,456. Mode: transmission.

Takyon Networks secured a ₹1.67 crore domestic work order from North Central Railway, Agra Division. The contract involves providing CCTV systems for yard monitoring at four stations, with a completion timeline of nine months. This represents a quantifiable contract win with clear financial benefits.

Solvex Edibles reported a qualified audit opinion for FY26. Auditors cited insufficient evidence regarding the utilization of ₹830.99 Lakhs in IPO proceeds. Additionally, the company failed to recognize employee benefit obligations and MSME interest liabilities. Management is currently strengthening documentation and monitoring mechanisms to addres

Meta Infotech secured software subscription orders totaling ₹2.40 crores from a leading Indian stock exchange and its subsidiary. The 15-month engagement is part of a broader 3.25-year contract framework. This win provides immediate revenue visibility and confirms the company's ability to serve high-profile domestic institutions.

The Board approved allotting 17,00,00,000 equity shares at ₹21.93 per share through a share swap to acquire Global Impx Inc. This transaction makes Global Impx Inc. a wholly-owned subsidiary along with five step-down subsidiaries. Promoter shareholding will dilute from 38.48% to 31.39%.

Sarthak Vijlani/Group (Promoter) sold shares via Open Market. Holding: 1,137,750 to 880,250.

Promoter Azhar Yusuf Dhanani bought shares on market; holdings rose from 8,44,003 to 14,66,168.

Garware Offshore Services Limited secured a Letter of Award for a vessel charter contract spanning four years plus a one-year extension option. The contract is valued at approximately INR 31.00 crores annually, representing a significant long-term revenue commitment, pending the final Charter Party Agreement execution.

The Board of Directors resolved to withdraw the proposed Rights Issue of equity shares aggregating up to 30 Cr. The withdrawal is due to the company not receiving the requisite in-principle approval from the Bombay Stock Exchange (BSE) within the stipulated timeline.

Arfin India’s subsidiary signed a strategic MOU with Toyo Denka Kogyo and JFE Shoji to collaborate on specialty alloy manufacturing and distribution. ATSAL will manufacture products in India utilizing Toyo Denka’s technical expertise, while JFE Shoji manages the commercial supply chain and market development.

Suven Life Sciences announced positive Phase-2b results for Ropanicant in treating Major Depressive Disorder, meeting the primary endpoint with a -3.572 MADRS score difference versus placebo (p=0.038). Management is planning a global Phase-3 registrational study. The drug was generally well-tolerated with no safety signals identified.

Knowledge Realty Trust approved raising up to INR 1,000 crores through listed non-convertible debentures and an additional INR 1,000 crores via commercial papers. These issuances will be conducted on a private placement basis in multiple tranches for eligible investors to facilitate capital requirements.

Rajesh Power secured a major Rs. 211.68 crore EPC contract from Odisha Power Transmission Corporation Limited (OPTCL). The 24-month project involving 220kV underground cabling marks the company’s strategic entry into Odisha and represents one of its largest-ever orders in the transmission segment.

Interarch Building Solutions secured a domestic order worth approximately Rs. 87 Crores for the design, engineering, manufacturing, and erection of a Pre-Engineered Steel Building System. The client operates in the renewable energy and solar industry; the project timeline is ten months.

Siyaram Recycling Industries secured an international fixed-cost order worth USD 426,000 (approx. ₹3.56 crore) from Green Metals FZCO for Brass Billets. The contract is notably slated for rapid execution within seven days and involves no promoter or related party interest.

Promoters Rajat Vaidyar & Beaver Infra acquired 65k shares via open market; now holding 70.65%.

The Board approved fundraising of up to 36,000 Cr through the issuance of Non-Convertible Debentures (NCDs), including subordinated debt, perpetual debt, and green bonds. The issuance will be conducted on a private placement basis in one or more tranches, subject to shareholder approval.

Puravankara acquired a 9.73-acre land parcel in North Bengaluru with an estimated Gross Development Value of ₹800 crore. The project provides approximately 0.89 million square feet of development potential in the strategic airport corridor, strengthening the company's residential pipeline in high-growth micro-markets.

The Board noted the non-allotment of 32 lakh equity shares under a preferential issue aggregating Rs 9.02 Cr. The allottee, Krina Creation Private Limited, withdrew from the investment citing delays in BSE in-principle approval and non-remittance of funds. The company's paid-up share capital remains unchanged at 15.04 Cr.

The Board approved a variation in the objects of the Rights Issue regarding the utilization of net proceeds from the September 2024 offer, subject to shareholder approval. The Board also re-appointed Jain Kedia and Sharma as Statutory Auditors for four years and scheduled the 14th AGM for July 18, 2026.

Gulshankumar Vijaykumar Chopra triggered a mandatory open offer to acquire 26% of Niraj Cement Structurals Limited at ₹29.00 per share in cash. This follows agreements to purchase a 41.04% stake, with total promoter group shareholding projected to reach 91.93% upon completion of the ₹45.01 crore offer.

Board approved allotment of 8.85 Cr convertible warrants at Rs 2.80 each to non-promoters, raising 24.8 Cr. The issue size was revised downward from 35.7 Cr as three investors withdrew from the subscription. Company received 25% upfront payment of 6.2 Cr; balance is payable within 18 months.

Wholly-owned subsidiary KS Smart Solutions received a ₹111.35 crore Letter of Intent from UPDESCO (UP Government) to establish digital library infrastructure across Uttar Pradesh. The turnkey project involves supplying IT hardware and networking to 11,350 Gram Panchayats, scheduled for completion by October 2026.

Board approved issuing a corporate guarantee of 17.75 Cr to Axis Bank for a loan facility sanctioned to group company RDB Real Estate Constructions Limited. Additionally, the company approved the acquisition of 1.56 acres of land in Jharsuguda, Odisha.