Recent Update

Globus Spirits allotted 2,380,952 equity shares to qualified institutional buyers at ₹840 per share, raising ₹200 crore at a 4.94% discount to the ₹883.67 floor price. Paid-up shares increased 8.2% to 31.46 million, creating material dilution.

Globus Spirits completed its QIP, allotting 23,80,952 shares at ₹840 each to qualified institutional buyers for ₹200 crore, a 4.94% discount to the floor price. Shares outstanding rise 8.2% to 3,14,61,293. Context: resolves the pending QIP pricing and allotment.

CESTAT set aside Mukka Proteins’ ₹15.24 crore customs-duty demand, along with interest, fines and penalties, in the fish-meal undervaluation case. The company may also seek a ₹75 lakh refund, subject to statutory procedures and any departmental appeal.

Interarch approved a 76%-owned JV with Canada’s ER Steel to design, manufacture and supply Open Web Steel Joists for North America. Initial investment is ₹80 crore; ER Steel must provide minimum offtake, while the partners target 2–5% market share within three years. Context: formalizes the export partnership.

CFO Ravi Kumar Paritala resigned effective 6 August 2026 citing personal reasons, while stating he will continue associating with the company. Spice Lounge appointed Chartered Accountant P.S. Phaninder Nath as CFO and KMP, effective immediately; he has held senior finance roles at Vivimed Labs, GSS Infotech and Clariant India.

Ravi Kumar Paritala resigned as CFO and KMP effective August 6, 2026, citing personal reasons, while continuing his association with the company. The board appointed Chartered Accountant P.S. Phaninder Nath as CFO and KMP, effective immediately; he has previously held CFO and senior finance roles.

NCLT sanctioned Triumph Offshore Private Limited’s amalgamation into Swan Defence and Heavy Industries, with TOPL to dissolve without winding up. The scheme becomes effective upon filing the certified order with the Registrar of Companies; SDHIL will issue 1,325 preference shares per 1,000 TOPL equity shares. Context: clears the pending amalgamatio

NCLT Cuttack admitted Minaxi Suppliers’ Section 7 petition against Sun Granite Export, initiating CIRP from August 5, 2026 over a reported default of Rs 3.96 crore. A moratorium is in force and Raghunath Bhandari has been appointed Interim Resolution Professional.

NII Surge, Profits Rise PAT at Rs 5.7 Cr in Q1 FY27 (standalone), +89.7% YoY. NII at Rs 11.5 Cr in Q1 FY27 (standalone), +151.5% YoY. PPOP at Rs 7.9 Cr, +428.3% YoY. GNPA at 1.8% vs 1.4%, NNPA at 1.0% vs 0.8%. CAR at 35.2%. Board approved a secured NCD issue of up to Rs 20 Cr, proposed doubling borrowing limits to Rs 1,500 Cr and increasing authori

Amit, Neelakshi, Armaan Trust; promoter: Yes; 9,41,94,360→16,99,11,300; off-market gift.

Q1FY27 revenue rose 20.7% YoY to ₹459.6 crore, while PAT was broadly flat at ₹28.2 crore. The Board approved a QIP of up to ₹250 crore, replacing the earlier ₹100 crore approval, a 1:5 stock split, and a joint venture with ER Steel Inc. Context: formalizes the export expansion partnership.

Globus Spirits’ Fund Raising Committee closed the QIP on August 6, 2026 and approved allotment of 2,380,952 equity shares to eligible QIBs at ₹840 per share, raising approximately ₹200 crore. The price reflects a 4.94% discount to the ₹883.67 floor price, implying meaningful but expected dilution.

Growth Outpaces Profit PAT at Rs 28.2 Cr in Q1 FY27 (standalone), -0.5% YoY. Revenue at Rs 460 Cr in Q1 FY27 (standalone), +20.7% YoY. EBITDA at Rs 42.4 Cr, +2.0% YoY. EBITDA margin at 9.2% vs 10.9%; erection and installation charges grew 37.9% vs revenue growth of 20.7%. Board approved a 1:5 stock split, QIP of up to Rs 250 Cr, and a joint venture

EIH postponed The Oberoi Grand’s reopening to September 2028 from September 2026, citing Kolkata construction restrictions, extensive structural restoration and an expanded refurbishment scope. Context: a two-year delay to the previously guided reopening.

Approved approximately ₹495.5 crore Moradabad capex: a 66 million BL annual dual-mode distillery by Q1 FY2029 and bottling expansion to approximately 13 million cases annually, plus distillery refurbishment and land acquisition by Q3 FY2028. Funded through debt and internal accruals, the project aims to improve margins, supply security and regional

Q1 FY27 Standalone Results YoY: Revenue at 459.6 Cr vs 380.8 Cr, up 20.7%. EBITDA at 42.4 Cr vs 41.6 Cr, up 2.0%. EBITDA Margin at 9.2% vs 10.9%, contraction of 170bps; erection and installation charges grew 37.9% vs revenue growth of 20.7%. PAT at 28.2 Cr vs 28.4 Cr, down 0.5%; Other Income fell to 3.0 Cr vs 9.9 Cr, masking operating strength. Boa

Deepak Chem Tech commissioned manufacturing operations at its MIBK and MIBC plant, including offsite utilities and infrastructure, at Dahej on 6 August 2026. Capital expenditure was approximately ₹735 crore at commencement. Context: converts a previously delayed capex milestone into operations.

FY27 guidance: order inflow ₹22,000–25,000Cr; revenue growth 8–10%; EBITDA margin 8.5–9%; ₹81,214Cr order book; smart-meter annuity billing begins FY27/28.

Wholly owned subsidiary Refex Green Power won SECI’s award to develop an 80-MW wind project in Kurnool, Andhra Pradesh. The project includes a proposed 25-year PPA at ₹3.85/kWh and 24-month commissioning timeline.

GPT’s wholly owned Alcon subsidiary was declared L1 for a ₹72.5 crore Eastern Railway auto-signalling and electronic interlocking contract, strengthening its signalling expansion, though final award remains pending.

Promoter CreditAccess India B.V. sold 36,57,500 shares, representing 2.28% of paid-up capital, through an open-market block deal. The sale aims to enhance free float and broaden institutional ownership, while the promoter reaffirmed its long-term commitment.

Persistent's Nagarro takeover offer received BaFin authorization, with acceptance running through September 17 at EUR 81 per share, representing a ~140% premium. Persistent has secured ~22% and requires 50% plus one share to complete the offer. Context: this clears the previously pending BaFin approval.

Board meeting on 11 August 2026 will consider Q1 FY27 financial results and terms for issuing up to ₹1,000 crore of secured non-convertible debentures or other debt securities, subject to shareholder approval. A minor borrowing-resolution wording change and AOA alteration are also proposed.

Board meeting on August 11, 2026 will consider raising funds through preferential issuance of convertible warrants, potentially against conversion of outstanding loans, and seeking shareholder approval. No financial results or dividend matters are specified.

Apollo Tyres’ Q1FY27 consolidated revenue rose 12.8% year-on-year to ₹73,978 million, while operating margin declined to 11.73% from 13.23%; Europe segment profit fell to ₹152 million from ₹481 million. Whole-time Director and CFO Gaurav Kumar resigned after 22 years and will continue through the transition.

McLeod Russel signed an MoU to sell Corramore Tea Estate to non-promoter Krishnabehari Tea Co for Rs. 26.16 crore toward debt repayment, subject to due diligence and approvals, with completion targeted by 31 October 2026. Context: advances the previously stalled asset-sale process.

Aegis Vopak executed a framework agreement with promoter Aegis Logistics to develop an additional 51,998 MT refrigerated propane tank and allied facilities at JNPA. It will pay ₹142.5 crore upon execution, with a separate asset transfer agreement after completion; the related-party transaction is stated to be arm’s length.

Europe Drags Margins PAT at Rs 34.9 Cr in Q1 FY27 (consolidated), +2,609.1% YoY; includes exceptional IL&FS recovery of Rs 25 Cr, partly offset by Rs 1.2 Cr employee reorganisation cost; adjusted PAT ~Rs 11 Cr. Revenue at Rs 7,398 Cr in Q1 FY27 (consolidated), +12.8% YoY. EBITDA at Rs 926 Cr, +4.5% YoY. EBITDA margin at 12.5% vs 13.5%; raw-material

Ethanol Drives Profit Surge PAT at Rs 54 Cr in Q1 FY27 (standalone), +306.1% YoY. Revenue at Rs 640 Cr in Q1 FY27 (standalone), +7.9% YoY. EBITDA at Rs 90.6 Cr, +135.2% YoY. EBITDA margin at 14.2% vs 6.5%; no one-off disclosed, expansion appears operational. Ethanol segment drove growth, with segment result at Rs 75.0 Cr, +184.7% YoY; grain process

HCLTech has been named an OpenAI Advanced Partner, enabling it to build, sell and deliver enterprise AI solutions using OpenAI models, including GPT-5.6 and ChatGPT Work. HCLTech is also expanding its OpenAI Agentic Transformation Studio, spanning AI governance, agentic engineering, AgentOps and optimization.

PMLA Adjudicating Authority confirmed attachment of Ansal Housing assets worth approximately ₹82.79 crore related to Ansal Hub-83, restricting sale or transfer. The ultimate financial impact remains unquantified; operations continue normally and the company may pursue legal remedies.

Board approved a preferential issue of up to 6,00,000 convertible warrants at Rs 37 each, aggregating up to Rs 2.22 Cr, to promoter Kamlesh Keshavlal Lodhiya and non-promoter Anil Vrujlal Jogia. Warrants carry 1:1 conversion within 18 months, with 25% payable upfront. Authorized share capital will increase to Rs 7.4 Cr, subject to shareholder appro

Bank of Baroda will participate in Emkay Global’s Emkay Confluence 2026 on 12 August 2026 from 4:00–5:00 p.m. in person, with representatives meeting the listed institutional investors.

Received a ₹990.16 crore Letter of Acceptance from Karnataka Housing Board for a Bengaluru international cricket stadium and allied development project, executable over 36 months. The contract equals approximately 17% of FY26 revenue and materially strengthens order visibility.

Union Bank of India will hold a virtual one-to-one investor/analyst meeting with Millennium Capital (DIFC) Limited on 11 August 2026 in Mumbai, referring only to publicly available information and sharing no unpublished price-sensitive information.

Board appointed Rishi Bajoria as independent director and approved the completion of CEO and Whole-time Director P. Radhakrishnan’s term. Cygnet Industries CEO Vineet Rai resigned, while Company Secretary and Compliance Officer Snehaa Shaw resigned citing the conduct of the impending new management, introducing significant leadership and governance

Digilogic Systems received a domestic Ministry of Defence purchase order worth Rs.4.88 crore, including taxes, for supplying, installing and commissioning a baseband performance monitoring and verification system. Delivery is scheduled by April 2027.

The board approved, subject to shareholder and regulatory approval, variation of ₹326.73 crore in unutilised rights-issue proceeds as of June 30, 2026. Only ₹3.75 crore of the ₹134 crore Bhilai Engineering Corporation asset allocation was spent; revised deployment includes ₹71.25 crore there, ₹86.59 crore for working capital and ₹168.89 crore for a

Board approved preferential issue of 2.5 crore fully convertible warrants at Rs 12 each, aggregating up to Rs 30 Cr, to six investors; warrants are convertible into equity shares within 18 months, subject to shareholder approval, implying significant potential dilution. The company also approved expanding its objects to include CBG, hydrogen, biofu

Tonino Lamborghini Residences launch drives Q1FY27 sales ₹19.7bn; FY27 pre-sales guidance ₹100bn; 17.8msf forthcoming launches over 2–3 years.

US FDA classified Alkem’s Amaliya, Daman facility as Official Action Indicated after seven Form 483 observations. U.S. manufacturing and supplies continue, but the regulatory status creates meaningful compliance and potential business risk.

Powerica received SECI’s Letter of Award for a 100MW Gujarat wind project at ₹3.85/kWh for 25 years. PPA execution remains pending; commissioning is targeted within 24 months thereafter, expanding the company’s renewable IPP pipeline.

CESC subsidiary Purvah Green received SECI’s Letter of Award for a 175 MW grid-connected wind project at Rs 3.85/kWh, with power supply contracted for 25 years. The award strengthens CESC’s renewable-energy expansion.

Board meeting on August 12, 2026 will consider unaudited standalone Q1 FY2027 results and evaluate fundraising through equity shares, warrants, preferential issue, private placement, rights issue or other permitted methods, subject to approvals.

CWD received an ₹87.53 crore India Post Payments Bank order for 5.295 lakh payment soundboxes, to be deployed over six months, plus three-year maintenance. The contract equals ~58% of FY26 revenue; potential expansion to 33 lakh devices is not firm.