Recent Update

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.

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.