Recent Update

Manufacturing and production of Thermo-Mechanically Treated (TMT) steel bars.

Board approved the closure of QIP issue and determined the issue price at ₹ 11.05 per share for 13,57,46,600 equity shares (face value ₹ 1). This represents a total fundraise of approximately 150 Cr from eligible QIBs. The issue price reflects a 4.57% discount to the floor price.

BCPL Railway Infrastructure Limited secured a domestic contract from Eastern Railway valued at Rs 2.89 crores for 25 KV PSI and allied electrical works in the Sealdah division. The project involves replacing capacitor banks and is scheduled for completion within a twelve-month timeframe.

IVP Limited received an eviction order from the Mumbai Port Authority demanding ₹136.81 crores in compensation and damages over a lease dispute. This amount significantly exceeds the company's previously disclosed contingent liability of ₹92.59 crores. IVP intends to challenge the order in court.

The NCLT New Delhi Bench has admitted Oswal Overseas Limited into the Corporate Insolvency Resolution Process following a default on a ₹2.25 crore unsecured loan. Mr. Mansij Arya has been appointed as the Interim Resolution Professional. The order imposes an immediate moratorium on the company’s assets and proceedings.

Promoter Ashok Kumar Jain acquired 151,000 shares off-market. Pre: 1,758,028, Post: 1,909,028.

Naturewings Holidays Limited received GST assessment orders demanding approximately ₹6.63 million in taxes, interest, and penalties for the period FY 2022-23 through December 2024. The demand involves uncharged GST on international B2C tour packages. Management intends to contest the order through the appellate authority.

Aspect Global Ventures will acquire a 70.61% controlling stake in Duke Offshore Limited from its promoters at ₹30 per share. Consequently, the acquirer has launched a mandatory open offer to purchase an additional 26% of the company's voting share capital from public shareholders at the same price.

The NCLT Ahmedabad Bench admitted Evoq Remedies into the Corporate Insolvency Resolution Process following a ₹1.95 crore debt default. A moratorium is now in effect, and an Interim Resolution Professional has been appointed to oversee operations, effectively suspending existing management and triggering formal insolvency proceedings.

Gujarat Inject (Kerala) Limited secured a ₹14.49 crore purchase order from Deon Energy Limited for 16,129 solar PV modules. This domestic contract, scheduled for completion by June 2026, represents a significant business milestone with clear near-term financial benefits for the company.

Bandaram Pharma's subsidiary, VSR Paper and Packaging, corrected a previous announcement regarding government work orders. The reported aggregate value was revised downward from Rs. 37.44 crore (4 orders) to Rs. 27.71 crore (2 orders) for textbook printing for the 2026-27 academic year.

Promoter group member Kiran Mittal sold 230,000 equity shares, representing a 1.83% stake in Afloat Enterprises Limited, via an open market transaction on June 10, 2026. Following this sale, her total shareholding in the company decreased from 6.90% to 5.07%.

Som Distilleries and Breweries' subsidiary commenced commercial production at its new brewery facility in Uttar Pradesh on June 10, 2026. This capacity addition is intended to strengthen manufacturing capabilities, enhance supply chain efficiencies, and consolidate the company's market presence in the Northern India region.

Mira Ankit Khambhati (Non-Promoter) received 985,308 shares via gift (0 before, 985,308 after).

Chinkita R Agarwal (Non-Promoter); Before: 0, After: 0 voting shares; Mode: Creation of Pledge

PNC Infratech’s subsidiary received the Provisional Completion Certificate for its Rs. 1,413.0 crore Kanpur Lucknow Expressway HAM project. Declared fit for commercial operations effective April 27, 2026, the completion allows the company to begin receiving annuity payments from the National Highways Authority of India.

Alembic Pharmaceuticals received USFDA tentative approval for Larotrectinib Capsules, targeting a market estimated at US$ 91 million. As the sole first applicant with a Paragraph IV certification, the company may be eligible for 180 days of US generic marketing exclusivity upon final approval.

Lancor Holdings has received RERA approval for its Lancor Ananya residential project in Chennai. The company announced that construction has commenced and all apartments belonging to its share have been fully sold, ensuring 100% pre-sales for the company's portion of the development.

Hiliks Technologies secured a ₹37.76 crore sub-contract from Railone Projects for railway signaling and telecommunication works in Telangana and Andhra Pradesh. The project spans 18 months, bringing the company's total pending order book to ₹70 crores.

Afcons Infrastructure received a ₹5,301 crore (excluding GST) Letter of Award for a 10.14 km breakwater at Vadhvan Port, Maharashtra. This project, set to be the world’s second-longest breakwater, significantly bolsters the company's marine portfolio and represents a major domestic contract win.

Team India Guaranty announced that its proposed 100% acquisition of 4A Financial Technologies has failed and cannot proceed as originally planned. Following a legal notice from the target's shareholders, the company has appointed legal counsel to manage the dispute and determine further steps in the interest of stakeholders.

Dev Accelerator Limited received in-principle approval from NSE and BSE for a preferential issue of 4,444,440 equity shares to non-promoters and 3,333,330 convertible warrants to promoters. This milestone facilitates capital infusion but formalizes impending share dilution for existing investors.

Board approved the merger of KD Green Industries Limited with KD Iron & Steel Private Limited (FY26 turnover 316 Cr), which is significantly larger than the listed entity (turnover 22.8 Cr). The merger aims for business expansion. Swap ratios and valuation will be finalized following due diligence.