Recent Update

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.

Modulex Construction Technologies approved the allotment of 3,38,88,610 equity shares to nineteen non-promoter investors following the conversion of warrants. Issued at ₹18 per share, the transaction realized ₹45.75 crore in cash, representing the final 75% subscription payment for the 1:1 warrant exercise.

Mrs. Neetika Suryawanshi has resigned as Chief Financial Officer and Key Managerial Personnel of Pakka Limited for personal reasons, effective June 30, 2026. The outgoing CFO confirmed no disagreements regarding financial reporting or governance. A successor has not yet been named to fill the role.

Board approved the issuance of 2,50,000 0% Non-Convertible Redeemable Preference Shares to promoters and related parties for 10 Cr on a private placement basis. It also approved the reclassification of the company’s authorized share capital and subsequent alteration of the Memorandum of Association.

Megastar Foods corrected a typographical error regarding a Punjab Government electricity duty exemption. The actual subsidy is ₹88.68 Crores over 15 years, significantly lower than the previously reported ₹881.86 Crores. The exemption is expected to reduce operating costs and improve profitability over the fifteen-year period.

Meta Infotech secured a ₹2.89 crore renewal order from a domestic private sector bank for license subscription and annual maintenance services. The contract covers the period from May 2026 to May 2027, ensuring revenue continuity from an established financial sector client.

Marsons Limited has secured an international purchase order worth approximately ₹7.75 crores (USD 820,000) from a U.S.-based solar energy developer. The contract involves supplying a 25 MVA Power Transformer to Hemet, California, with an execution timeline of 14 months.

JOJO Limited partnered with Dish TV India to integrate its JOJO App into the VZY Smart TV ecosystem as a bundled offering. This embedding provides national distribution across metro and Tier 2/3 markets, significantly expanding the digital reach of its Gujarati-targeted content without requiring separate user subscriptions.

Kilburn Engineering secured a ₹70.20 crore order from Casale SA, Switzerland, for fertilizer process equipment, marking its entry into their global supplier network. This win brings the company’s total fertilizer sector orders to approximately ₹170 crore over the past twelve months.

Kilburn Engineering secured its first orders from Switzerland-based Casale SA, totaling approximately ₹7,020 lakhs. The contract involves designing and manufacturing fertilizer-related process equipment. This marks a significant strategic milestone and a major revenue win from a globally renowned technology licensor.

Bondada Engineering secured a major ₹1,338.03 crore EPC order from NTPC Renewable Energy for a 250 MW solar and 50 MW/200 MWh BESS project in Uttar Pradesh. Execution period is 18 months. This significantly expands their solar order book to ~5.5 GWp and BESS to ~1.1 GWh.

Management signed a 1,500 MW wind turbine MoU, increasing the total order book to over 4.5 GW from 3.1 GW. This secures multi-year revenue visibility, with internal group demand from Inox Clean’s 14 GW FY29 target expected to contribute 20-30% of their annual capacity additions as wind orders.

T.T. Limited has forfeited 8,00,000 convertible warrants following the non-payment of the 75% balance consideration by non-promoter investors. Consequently, the company will retain the ₹2.44 crore upfront subscription amount previously received. No changes will be made to the company’s paid-up share capital following this lapse.

Amit Bhatia (Promoter) acquired shares via Open Market. Before: 1,36,39,400; After: 1,40,63,000.

Mini Diamonds (India) Limited secured a significant domestic order worth INR 16.25 Crores from Aura Diamond for cut and polished natural diamonds. The contract must be completed within four months. This major win enhances revenue visibility and confirms the company's competitive position in the natural diamond segment.

Arvind SmartSpaces announced a new horizontal residential development project in South Ahmedabad through a joint development model. The 58.25-acre project features approximately 2.5 million square feet of saleable area with management estimating a top-line potential of approximately Rs. 180 crore.

Sapphire Foods received no-objection letters from NSE and BSE for its proposed merger with Devyani International. The scheme now proceeds toward NCLT and CCI for final approvals. Disclosures also confirm an upcoming 18.5% secondary stake sale by Sapphire Foods Mauritius Limited to Arctic International Limited.

Megastar Foods secured a fifteen-year 100% electricity duty exemption following its expansion, capped at its ₹88.68 crore investment. Additionally, the company is eligible for incentives up to ₹881.86 crores. This regulatory benefit is expected to significantly lower operating costs and enhance long-term profitability.

The Government of India is selling up to a 5.00% stake in General Insurance Corporation of India through an Offer for Sale. The transaction includes a 2.00% base size and a 3.00% oversubscription option, with the floor price set at ₹ 352.00 per share.

Vistra ITCL (Non-Promoter). Before: 8,00,00,000, After: 20,97,13,503. Mode: Pledge of equity shares.

Board approved pursuing legal remedies against Henkel AG & Co. KGaA to assert contractual rights regarding the exit and transition mechanism for Pril and Fa brands. This follows Henkel's decision not to renew the license agreements. The company seeks to protect its interests under the existing licensing frameworks.

Promoter Virtual Software & Training: 1,496,773 to 3,396,773 shares via off-market purchase.

Northern Arc signed a strategic MOU with YES BANK to facilitate credit deployment through its 368-partner network. The alliance integrates Northern Arc's proprietary technology (nPOS, NIMBUS) with YES BANK and enables the distribution of NACL’s investment and AIF products, significantly expanding funding access and fee-based revenue.

Material subsidiary Rochem Separation Systems secured an INR 16 crore order from a major Indian steel manufacturer for Wastewater Treatment and Zero Liquid Discharge (ZLD) systems. The contract features a 12-month execution period, bolstering revenue visibility and demonstrating technical expertise in industrial water management.

Adani Enterprises and Jabil announced a strategic alliance to manufacture AI data center infrastructure in India, targeting multi-GW rack capacity. Management reiterated its commitment to develop 5 GW of green-powered data centers by 2035, positioning to capture a $3 trillion global market opportunity over seven years.

Devyani International received no-objection letters from NSE and BSE for its proposed merger with Sapphire Foods India. The scheme remains subject to NCLT and CCI approvals. Key conditions include disclosing an 18.5% secondary stake sale in Sapphire Foods and various promoter reclassifications before seeking final shareholder approval.

APIS India Limited appointed Mr. Ankit Nagar as Chief Financial Officer and Key Managerial Personnel, effective June 16, 2026. Mr. Nagar brings sixteen years of experience in M&A and financial reporting. The company also appointed Mr. Pankaj Tripathi as GM-HR, Admin, and IT.

Board approved a secured term loan of 1.5 Cr from Prime Capital Market Limited to finance the acquisition of film rights and business operations. The company authorized purchasing film rights for approximately 1.5 Cr and securing the facility via equitable mortgages on properties in Andheri, Mumbai.

The Board of Directors of Hilton Metal Forging Limited will meet on June 18, 2026, to consider and approve fundraising via a Qualified Institutional Placement (QIP). The meeting will also finalize the notice for an Extraordinary General Meeting to seek shareholder approval for the equity issuance.

Mach Travel Solutions announced its empanelment with IRCTC as a Category A Service Provider for nationwide tourist packages and rail tours. Management highlighted the company’s five-fold workforce expansion to 360 employees as of May 2026 to support its strengthening government and institutional projects vertical.

Fabtech Technologies secured an international turnkey contract from Botswana Vaccine Institute Limited valued at approximately ₹31.23 crores (USD 3.3M). The project involves design, supply, and commissioning of HVAC and Clean Room systems for a Blending and Filling Project, with an execution timeline of 14 months.

Lykis Limited will rebrand as Krowniq Limited and appointed Jitendra Kumar Ranka as Chairman and Managing Director. The company is pivoting its core business toward FMCG and construction trading, while approving new financial limits including Rs. 100 crore for borrowing and Rs. 200 crore for investments and loans.

Non-Promoter Sixth Sense & PACs acquired shares (Rights/Open Market). Pre: 357,937; Post: 3,434,201.

Comfort Fincap received BSE listing approval for 80,50,000 equity shares (₹2 face value plus ₹7 premium). These shares were issued to promoters and non-promoters following the conversion of warrants on a preferential basis, finalizing the capital issuance process.

NCLT directed respondent banks to remove the company's NPA status and provide NOCs within one week. This order requires the Successful Resolution Applicant to comply with Clause 5.5.2.2 of the Resolution Plan, facilitating the company’s insolvency resolution process.

Mahindra EPC Irrigation secured four domestic contracts for Micro Pressurized Irrigation Systems covering 680 hectares. The aggregate order value is approximately ₹17.15 Crores, with an 11-month execution timeline. This win represents a significant addition to the company's revenue stream.

GCM Securities Limited has appointed Mr. Umesh Rajan Swamy as Chief Financial Officer effective June 15, 2026, succeeding Mr. Shrenik Choraria, who resigned due to health issues. Mr. Swamy holds extensive experience in the financial and broking sectors, having worked with various leading broking houses and NBFCs.

G R Infraprojects has secured June 15, 2026, as the appointed date for a Rs 1,897.51 crore EPC railway project in Madhya Pradesh. The project, involving comprehensive rail link infrastructure, is mandated for completion within a 900-day timeline from this commencement date.

Amita Poddar (Promoter) sold shares via Open Market. Pre: 6,86,100, Post: 86,100.

FY27 revenue target ₹380-400cr; quarterly run-rate ₹95-100cr; soundbox capacity tripling (15k/day); direct OEM sourcing expanding margins; executing ₹45cr smart-meter order; entering walkie-talkies.