Executive Summary
Today's filings reveal a mixed landscape with strong growth in infrastructure and select consumer companies, offset by governance concerns and margin pressures in others. Key themes include insider buying at La Opala RG and Sundrop Brands, a major merger in the cement sector (Andhra Cements into Sagar Cements), and a sharp governance shake-up at Pearl Green Clubs.
Period-over-period comparisons highlight robust revenue growth at B.R. Goyal Infrastructure (61% YoY) and Highway Infrastructure (25.6% YoY), while Hinduja Global Solutions and RIR Power Electronics show YoY declines. Forward-looking guidance from Lumax Industries and B.R. Goyal indicates cautious optimism, but capex moderation and geopolitical uncertainties temper outlook. Capital allocation trends show a mix of dividend announcements (Blue Star, Dalmia Bharat) and a QIP closure at Aanchal Ispat. Overall, investors should focus on high-growth infrastructure plays and monitor governance risks at smaller caps.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: M&A · Corporate governance · Debt securities · Company update
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from June 04, 2026.
Investment Signals (12)
- Sundrop Brands ↓ (BULLISH)▲
Promoter CAG-TECH acquired 4.99% stake via off-market, increasing holding to 43.90%, signaling strong promoter confidence
- La Opala RG ↓ (BULLISH)▲
Promoter Genesis Exports bought 45,000 shares in open market, increasing stake to 47.09%, a positive insider signal
- B.R. Goyal Infrastructure ↓ (BULLISH)▲
FY26 revenue grew 61% YoY to ₹820 Cr, PAT up 77.8%, with guidance of 20-25% growth in FY27, despite order book decline
- Highway Infrastructure ↓ (BULLISH)▲
FY26 total income up 25.6% YoY, PAT up 42%, highest-ever order book of ₹1,143 Cr, and healthy ROE of 18.4%
- Lumax Industries ↓ (MIXED)▲
Record annual revenue of ₹4,184 Cr (up 23% YoY), EBITDA up 42.8%, but near-term headwinds from labour code impact and capex moderation
- Wealth First Portfolio Managers ↓ (BULLISH)▲
Q4 FY26 PAT of ₹10.5 Cr vs loss of ₹4.3 Cr in Q4 FY25, a strong turnaround, but strategic exit from trading book reduces revenue volatility
- Aanchal Ispat ↓ (BULLISH)▲
QIP closed successfully, raising funds via 14,00,000 shares at ₹50 each, strengthening balance sheet
- Hinduja Global Solutions ↓ (BEARISH)▲
Q4 FY26 revenue down 6.6% YoY, EBITDA down 29.4% YoY, despite best-ever new client signings; digital media headwinds persist
- RIR Power Electronics ↓ (MIXED)▲
Q4 FY26 revenue down 9.5% YoY due to one-time order in base, but Odisha facility commissioning expected by July 2026, with Epi wafer revenue from Q2 FY27
- Xelpmoc Design And Tech ↓ (MIXED)▲
Q4 FY26 revenue up 52% YoY to INR10.8M, but operating EBITDA still negative; management not looking to onboard new start-ups
- KCP Sugar ↓ (BULLISH)▲
Promoter Sethi Funds acquired 50,000 shares (0.04% stake) via open market, a small but positive insider action
- Pearl Green Clubs ↓ (BEARISH)▲
Simultaneous resignation of statutory auditor, independent director, secretarial auditor, and CFO raises governance red flags
Risk Flags (10)
- Pearl Green Clubs/Governance↓ [HIGH RISK]▼
Statutory auditor, independent director, secretarial auditor, and CFO all resigned effective June 4, 2026, indicating severe governance issues
- Hinduja Global Solutions/Revenue Decline↓ [HIGH RISK]▼
Q4 FY26 revenue down 6.6% YoY, EBITDA down 29.4% YoY, with full-year EBITDA margin dropping from 16.4% to 13.4%
- RIR Power Electronics/YoY Decline↓ [MODERATE RISK]▼
Q4 FY26 revenue down 9.5% YoY due to one-time order in Q4 FY25; order backlog thin at ₹17.4 Cr
- Lumax Industries/Cost Headwinds↓ [MODERATE RISK]▼
30-35 bps employee cost impact from minimum wage revisions and one-time PAT impact of INR 17.8 Cr from new labour code
- B.R. Goyal Infrastructure/Order Book Decline↓ [MODERATE RISK]▼
Order book decreased to ₹1,235 Cr from ~₹1,300 Cr, though management cites faster execution
- Xelpmoc Design And Tech/Negative EBITDA↓ [HIGH RISK]▼
Operating EBITDA remains negative at INR15.6M; profitability still elusive despite revenue growth
- Sammaan Capital/Compliance Filing↓ [LOW RISK]▼
Two filings with no financial data, only routine compliance certificates, indicating lack of material disclosures
- HB Estate Developers/Deal Uncertainty↓ [LOW RISK]▼
SAST disclosure with no deal details, valuation, or strategic rationale, creating uncertainty
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Revised SAST disclosure with no financial terms or shareholding changes, potential regulatory scrutiny
- Jindal Photo/Preference Share Extension↓ [MODERATE RISK]▼
Board approved extension of preference share maturity by 5 years, but consent from holders is pending; if not obtained, could indicate liquidity concerns
Opportunities (10)
- Andhra Cements/Sagar Cements Merger↓ (OPPORTUNITY)◆
Amalgamation of ACL into SCL with share swap ratio of 29:98; creates unified entity with synergies; no cash consideration; SCL holds 75% of ACL
- B.R. Goyal Infrastructure/Growth Trajectory↓ (OPPORTUNITY)◆
FY26 revenue up 61% YoY, guidance of 20-25% growth in FY27, strong bidding pipeline of ₹1,500-2,000 Cr, maiden dividend declared
- Highway Infrastructure/Order Book & ROE↓ (OPPORTUNITY)◆
Highest-ever order book of ₹1,143 Cr, ROE of 18.4%, debt-to-equity of 0.45x; evaluating adjacent opportunities like EV charging and ropeway projects
- Lumax Industries/LED Adoption↓ (OPPORTUNITY)◆
Order book of INR 2,200 Cr (88% LED), ICRA upgrade to AA- (Stable), record revenue and EBITDA; near-term cost headwinds manageable
- Wealth First Portfolio Managers/Turnaround↓ (OPPORTUNITY)◆
Q4 FY26 PAT of INR10.5 Cr vs loss of INR4.3 Cr, full-year PAT up 12.3% to INR38.3 Cr; new ventures Lakshya AMC and Wealthshield Insurance Brokers
- RIR Power Electronics/Odisha Facility↓ (OPPORTUNITY)◆
Phase 1 epitaxy commissioning expected by July 2026, revenue from Epi wafers in Q2 FY27; first overseas order for 5kV SCR thyristors
- Aanchal Ispat/QIP Closure↓ (OPPORTUNITY)◆
Successfully raised funds via QIP at ₹50 per share, strengthening capital base for growth
- KSH International/ESOP Scheme↓ (OPPORTUNITY)◆
Postal ballot for ESOP 2025 allowing up to 17,04,546 shares; aligns employee interests with shareholders
- Blue Star/Dividend↓ (OPPORTUNITY)◆
Final dividend of ₹8.5 per share (face value ₹2) subject to AGM approval; record date July 17, 2026; TDS details provided
- Dalmia Bharat/Dividend↓ (OPPORTUNITY)◆
Final dividend of ₹5 per share (face value ₹2) subject to AGM approval; shareholders can submit forms for lower TDS
Sector Themes (6)
- Infrastructure Growth◆
B.R. Goyal Infrastructure (61% YoY revenue growth) and Highway Infrastructure (25.6% YoY) show strong momentum, driven by government capex and road sector allocation of INR 3.1 lakh crore for FY27.
- Governance Concerns in Small Caps◆
Pearl Green Clubs saw simultaneous resignation of auditor, independent director, secretarial auditor, and CFO, highlighting governance risks in micro-cap companies.
- Margin Pressure in BFSI & IT Services◆
Hinduja Global Solutions reported EBITDA margin compression from 16.4% to 13.4% YoY, while Sammaan Capital's filings lacked financial data, indicating potential stress.
- Insider Buying in Consumer & Industrial◆
Promoters of Sundrop Brands (4.99% stake) and La Opala RG (0.10% increase) bought shares, signaling confidence in consumer and niche manufacturing sectors.
- Cement Sector Consolidation◆
Andhra Cements merger into Sagar Cements reflects ongoing consolidation in the cement industry, aiming for operational synergies and cost efficiencies.
- Cautious Optimism in Auto Ancillaries◆
Lumax Industries reported record revenue but flagged cost headwinds from labour code; capex to moderate sharply in FY27, indicating a cautious growth outlook.
Watch List (8)
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Monitor further governance developments and shareholder reaction after multiple resignations; AGM scheduled June 27, 2026.
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Track regulatory approvals (NCLT, SEBI, BSE, NSE) and shareholder voting; scheme expected to close in 6-9 months.
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Watch order book conversion and bidding pipeline; guidance of 20-25% growth in FY27 to be validated in Q1 FY27 results.
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Odisha facility commissioning expected July 2026; revenue from Epi wafers in Q2 FY27; monitor execution.
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Labour code impact and capex moderation; Q1 FY27 results will show if cost headwinds materialize.
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Digital media headwinds and margin compression; Q1 FY27 results to show if new client signings translate to revenue growth.
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Promoter stake increase to 43.90% with encumbrance on pre-acquisition holding; watch for any open offer or further consolidation.
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Preference share extension consent from holders; if not obtained, may indicate liquidity issues.
Filing Analyses
(50)
05-06-2026
Sedemac Mechatronics Ltd will participate in an investor conference organized by ICICI Securities on June 8, 2026, in Mumbai. The management will reiterate information from the Q4 FY26 earnings call held on May 18, 2026, and no unpublished price-sensitive information will be shared.
- · The meeting is a physical group meeting at Mumbai, from 10 am to 6 pm.
- · The company will refer to the investor presentation web-link for Q4 FY26 & FY26.
- · The company was formerly known as SEDEMAC Mechatronics Private Limited.
05-06-2026
Gala Precision Engineering Limited has informed the stock exchanges of a scheduled analyst/institutional investor meeting on June 11, 2026, at 4:00 PM, organized by Valorem Advisors. The meeting will be held virtually, and the company has stated that no unpublished price-sensitive information will be shared during the interaction.
- · Meeting date: June 11, 2026
- · Meeting time: 4:00 PM
- · Meeting type: Virtual group meeting
- · Organizer: Valorem Advisors
- · Company website for further details: www.galagroup.com
05-06-2026
CAG-TECH (MAURITIUS) LIMITED, a promoter group entity, has acquired an additional 1,881,073 equity shares (4.99% of total share capital) of Sundrop Brands Limited (formerly Agro Tech Foods Limited) via an off-market transaction on June XX, 2026. Post-acquisition, CAG-TECH's total holding increases to 16,547,595 shares, representing 43.90% of the total equity share capital (42.28% on a diluted basis). Notably, the entire pre-acquisition holding of 14,666,522 shares remains encumbered by a non-disposal undertaking; however, the newly acquired shares were reported as unencumbered in the 'after acquisition' encumbrance line.
- · The acquisition was an off-market purchase by CAG-TECH (MAURITIUS) from an undisclosed seller, not a market transaction.
- · The acquirer's PAN: AACCC9344C.
- · The entire pre-acquisition holding (14,666,522 shares) is encumbered by a non-disposal undertaking; post-acquisition no encumbrance was reported on the newly acquired shares, but the existing non-disposal undertaking remains on the pre-acquisition block.
- · The equity share capital of the company did not change (₹37,69,68,530), indicating the shares were purchased from existing shareholders, not new issuance.
- · The diluted share capital (₹39,14,47,640) suggests the existence of convertible securities/warrants outstanding, but the filing does not specify how many or their terms.
05-06-2026
PNGS Reva Diamond Jewellery Ltd has informed the stock exchanges that its management will hold a virtual group meeting with investors and analysts on June 10, 2026, from 4:00 PM to 5:00 PM. The meeting will use the already published Q4FY26 investor presentation, and the company has confirmed that no unpublished price-sensitive information will be shared.
- · Meeting mode: Virtual Group Meeting
- · Meeting time: 04:00 PM – 05:00 PM IST
- · The Q4FY26 Investor Presentation is already available on the company's and stock exchanges' websites.
- · No unpublished price-sensitive information will be shared during the meeting.
05-06-2026
GMR Estate Management Private Limited, a wholly owned subsidiary of promoter GMR Enterprises Private Limited, has provided advance intimation for the proposed acquisition of up to 7,46,00,000 equity shares (9.55% of share capital) of GMR Power and Urban Infra Limited from GMR Enterprises Private Limited via off-market transactions. The acquisition is part of an internal restructuring and is exempt from an open offer under SEBI SAST Regulations. Post-acquisition, GMR Estate Management's stake will rise from 15.36% to 24.92%, while the seller's stake will drop from 19.73% to 10.18%.
- · The acquisition price will not exceed the limits under proviso (i) to Regulation 10(1)(a) of SEBI SAST Regulations, and will not be more than 25% above the 60-day VWAP of ₹107.48.
- · The transaction is exempt from an open offer under Regulation 10(1)(a)(iii) of the SEBI SAST Regulations.
- · The proposed acquisition date is any time after 4 working days from June 04, 2026.
- · Post-transaction, the promoter group's total shareholding (acquirer + PACs + seller) will be consolidated, with the seller's stake reducing by 9.55%.
05-06-2026
SK Minerals & Additives Limited has informed the stock exchange that a Board Meeting is scheduled for June 10, 2026, to review and re-discuss the earlier approval of 60,00,000 convertible warrants on a preferential basis, potentially revise the EGM schedule originally set for June 30, 2026, and appoint professional intermediaries for the proposed issue. The trading window for designated persons has been closed with immediate effect until 48 hours after the board meeting outcome is disclosed.
- · The Board will consider appointing a Registered Valuer, Scrutinizer, and Monitoring Agency for the preferential warrant issue.
- · The EGM originally scheduled for June 30, 2026 may be rescheduled.
- · Trading window closed with immediate effect and will reopen 48 hours after the board meeting outcome is disclosed.
05-06-2026
PNGS GARGI FASHION JEWELLERY LIMITED has submitted the Notice convening its 17th Annual General Meeting (AGM) to be held on June 27, 2026 via video conferencing. The remote e-voting period will run from June 23 to June 26, 2026, and the Annual Report is available on the company's website. No financial results or performance details are disclosed in this corporate governance filing.
- · AGM date: June 27, 2026 at 12:00 PM IST
- · Cut-off date for voting eligibility: Friday, June 19, 2026
- · Remote e-voting period: June 23, 2026 (9:00 AM) to June 26, 2026 (5:00 PM)
- · Record date for dispatch of notice: Friday, May 29, 2026
- · AGM will be held through Video Conferencing/Other Audio Visual Means
05-06-2026
GPT Healthcare Limited has informed the stock exchanges that it will hold a virtual analyst/institutional investor meeting on June 11, 2026, at 3:00 PM IST via the InsightX 2026 conference. The company will use its already published Q4FY26 investor presentation and has stated that no unpublished price sensitive information will be shared.
- · Meeting is scheduled for Thursday, June 11, 2026, at 3:00 PM IST.
- · The meeting will be held virtually as part of the InsightX 2026 conference.
- · The Q4FY26 investor presentation (for period ending March 2026) is already publicly available on the company and stock exchange websites.
- · The company explicitly stated that no unpublished price sensitive information (UPSI) will be shared during the meeting.
05-06-2026
Zensar Technologies has issued a reminder to shareholders holding shares in physical form to update their KYC details (PAN, contact information, bank account details, and specimen signature) as mandated by SEBI circulars. The company warns that dividends may be withheld if KYC details are not updated. Additionally, the company is participating in the second 'Saksham Niveshak' campaign (April 1 to July 9, 2026) to help shareholders claim unpaid or unclaimed dividends before they are transferred to the IEPF.
- · The reminder is sent pursuant to SEBI Master Circular no. HO/38/13/(4)2026-MIRSDPOD/I/4298/2026 dated February 06, 2026 and SEBI Circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/81 dated June 10, 2024.
- · Shareholders must submit forms ISR-1, ISR-2, ISR-3, ISR-4, SH-13, and SH-14 as applicable.
- · Documents can be submitted via hard copy, electronic mode (email from registered email ID with digital signature), or through KFin's web portal.
- · The Saksham Niveshak campaign runs from April 1, 2026 to July 9, 2026.
- · The company's RTA is KFin Technologies Limited, based in Hyderabad.
05-06-2026
Equitas Small Finance Bank Limited has informed the stock exchanges about a scheduled Analyst/Investor meet to be held on June 11, 2026, in Mumbai. The meeting will be conducted in person at Trident BKC, Mumbai, from 10:00 AM to 3:00 PM. A presentation for the meet will be submitted to the exchanges and uploaded on the bank's website prior to the event.
- · The analyst/investor meet is scheduled for June 11, 2026, from 10:00 AM to 3:00 PM.
- · The meeting will be held in person at Trident BKC, Mumbai.
- · A copy of the presentation will be submitted to the stock exchanges and uploaded on the bank's website prior to the meet.
05-06-2026
Texel Industries Ltd. held a board meeting on May 29, 2026, where the board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and reappointed M/s. Sweta Patel & Associates as internal auditor. No financial figures or performance comparisons were disclosed in this filing.
- · Board meeting held on May 29, 2026, from 11:30 AM to 4:40 PM.
- · Audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, were approved.
- · M/s. Sweta Patel & Associates reappointed as internal auditor.
05-06-2026
RIR Power Electronics reported Q4 FY26 revenue of ₹23.95 Crore (18.16% QoQ growth, but 9.5% degrowth YoY due to a ₹3.3 Crore one-time order in Q4 FY25). Full-year standalone revenue for FY26 stood at ₹90.87 Crore, up 5.41% YoY. EBITDA for the quarter was ₹2.09 Crore, with PAT of ₹1.39 Crore. The Odisha facility (Phase 1 epitaxy) construction is largely complete; commissioning is expected by July 2026 with revenue from Epi wafers in Q2 FY27. The company also secured its first overseas order for 5kV SCR thyristors. However, the overall performance shows flat-to-modest growth, with a YoY revenue decline in the quarter and a thin order backlog of ₹17.4 Crore.
05-06-2026
Shilchar Technologies Limited held a meeting with a group of investors at its facility in Vadodara, Gujarat on June 5, 2026. The company confirmed that no unpublished price sensitive information (UPSI) was shared or discussed during the meeting. No financial or operational details were disclosed in this filing.
- · Meeting held on Friday, 05th June, 2026 at Block No. 460, Near Muval Sub-Station, Padra-Jambusar Highway, Gavasad, Vadodara, Padra, Gujarat, India, 391430.
- · Prior intimation dated 02nd June, 2025 (note: year appears to be a typo in the original filing, likely 2026).
- · Company confirmed no UPSI was shared or discussed.
05-06-2026
Capri Global Capital Limited has informed the stock exchanges that its representatives will participate in a virtual group meeting with analysts and investors on June 10, 2026, from 4:00 PM to 5:00 PM IST. The meeting, organized by Choice Institutional Equities and InsightX Virtual Forum, will cover the company's Q4 FY2026 business updates, earnings, corporate presentation, and general business overview. No unpublished price-sensitive information will be shared during the meeting.
- · The group meeting is scheduled for Wednesday, June 10, 2026, from 04:00 P.M. to 05:00 P.M. IST.
- · The meeting will be conducted virtually.
- · The company confirms that no unpublished price-sensitive information will be shared during the meeting.
- · The intimation was received by the company on June 05, 2026 at 01:31 P.M. (IST).
05-06-2026
Pearl Green Clubs and Resorts Limited announced a series of governance changes at its Board meeting on June 5, 2026, including the resignation of statutory auditor M/s Rawka & Associates, independent director Mr. Pankaj Ganpati Yadav, secretarial auditor M/s JCA & Co., and CFO Mr. Prabhat Kumar Jha, all effective June 4, 2026. The Board appointed M/s Hiral Prajapati & Co LLP as the new statutory auditor (subject to shareholder approval), Mr. Parth Hasmukhbhai Patel as an additional independent director, Ms. Surbhi Bansal as secretarial auditor, and M/s Kulin Shah & Associates as internal auditor. The simultaneous departure of multiple key personnel (auditor, independent director, secretarial auditor, and CFO) raises governance concerns, though replacements have been put in place.
- · The Board meeting started at 3:45 PM IST and concluded at 4:00 PM IST on June 5, 2026.
- · Resignations of statutory auditor, independent director, secretarial auditor, and CFO were all effective from June 4, 2026.
- · New statutory auditor Hiral Prajapati & Co LLP has over 35 years of collective experience and offices in Ahmedabad, Anand, Ankleshwar, and Gandhidham.
- · Mr. Parth Hasmukhbhai Patel's appointment as independent director is for a term from June 5, 2026 to June 4, 2031, subject to shareholder approval.
- · Ms. Surbhi Bansal holds Peer Review Certificate No. 4050/2023.
- · The company's scrip code is 543540 and scrip ID is PGCRL on BSE.
05-06-2026
Sammaan Capital Limited filed a certificate under Regulation 57(1) of SEBI LODR confirming timely payment of interest and/or principal on its Non-Convertible Debentures (NCDs). The filing is a routine compliance disclosure and does not contain any financial performance data, dividend announcements, or capital allocation details. No specific amounts, dates, or financial metrics beyond the compliance confirmation are disclosed.
- · Filing confirms compliance with debt servicing obligations for NCDs.
- · No financial data, dividend, or capital action details provided.
- · Date of filing: June 05, 2026 (future date, likely a typo or placeholder).
05-06-2026
Repco Home Finance Limited has redeemed Commercial Papers (unlisted) aggregating to Rs. 100 crore on the maturity date of June 5, 2026. The maturity proceeds have been duly paid to the holders, and the Commercial Papers stand redeemed in full.
- · The Commercial Papers were unlisted.
- · ISIN of the redeemed Commercial Papers: INE612J14570.
- · Maturity date: June 5, 2026.
05-06-2026
The filing is a disclosure under SEBI (SAST) Regulations, 2011, Regulation 29(2), by Rima Arora regarding HB Estate Developers Ltd. The filing does not provide any details on deal structure, valuation, strategic rationale, or financial impact. It is purely a regulatory disclosure with no quantitative data or forward-looking information.
05-06-2026
Mangalore Refinery and Petrochemicals Limited (MRPL) has informed the exchanges of changes in its Board of Directors, effective June 5, 2026. Shri Dheeraj Kumar Ojha, DDG(E&S) at MoPNG, has been granted an extension as Government Nominee Director from May 16, 2026, to May 15, 2029, or until further orders. Dr. Seema, Economic Advisor (Development) at MoPNG, has been appointed as a Government Nominee Director for a three-year term from June 4, 2026. Both appointments are routine government nominations and do not indicate any operational or financial changes.
- · Shri Ojha's extension is effective from May 16, 2026, and runs until May 15, 2029, or until further orders.
- · Dr. Seema's appointment is effective from June 4, 2026, for a period of three years or until further orders.
- · Both directors are not debarred by any SEBI order and are not related to any existing directors of the company.
- · The appointments are made by the Ministry of Petroleum and Natural Gas (MoP&NG), Government of India.
05-06-2026
Cummins India Limited has scheduled investor/analyst meetings on June 12 and June 15, 2026, including a plant visit at Phaltan and group equity conferences with multiple financial institutions. The discussions will be based solely on publicly available information, and no unpublished price-sensitive information will be shared.
- · The Phaltan plant visit is scheduled for June 12, 2026, with Motilal Oswal Financial Services Ltd and HDFC Securities Limited.
- · Group equity conferences on June 12, 2026, include both in-person and virtual meetings with seven financial institutions.
- · Individual virtual meetings are scheduled for June 15, 2026, with Point72 Asset Management, L.P and Edmond de Rothschild Private Equity S.A.
- · The filing is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
05-06-2026
Somany Ceramics Limited has issued a letter to shareholders holding physical securities, requesting them to furnish PAN, KYC details, nomination and bank account details as per SEBI circulars. The company warns that non-compliant folios may not receive dividend credits. This is a routine compliance update with no financial impact.
- · The letter was dispatched on 5th June 2026 to identified shareholders holding shares in physical mode.
- · SEBI Circulars referenced: SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021 and SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated June 10, 2024.
- · Forms ISR-1 and ISR-2 are mandatory; either Form ISR-3 or Form SH-13 or Form SH-14 may be submitted as applicable.
- · The letter is computer generated and does not require a signature.
05-06-2026
Pearl Green Clubs and Resorts Limited's Board meeting on June 5, 2026, approved several key governance changes, including the resignation of statutory auditor M/s Rawka & Associates and the appointment of M/s Hiral Prajapati & Co LLP as the new statutory auditor for a five-year term, subject to shareholder approval. The Board also accepted the resignation of Independent Director Mr. Pankaj Ganpati Yadav and appointed Mr. Parth Hasmukhbhai Patel as a new Independent Director for five years. Additionally, the Chief Financial Officer Mr. Prabhat Kumar Jha resigned, and the secretarial auditor M/s JCA & Co. resigned, with replacements appointed for both roles.
- · Resignation of statutory auditor M/s Rawka & Associates effective June 4, 2026.
- · Appointment of M/s Hiral Prajapati & Co LLP as statutory auditor for a casual vacancy and for a five-year term from the ensuing AGM to the 13th AGM, subject to shareholder approval.
- · Resignation of Independent Director Mr. Pankaj Ganpati Yadav effective June 4, 2026.
- · Appointment of Mr. Parth Hasmukhbhai Patel as Additional Director (Independent) for five years from June 5, 2026 to June 4, 2031, subject to shareholder approval.
- · Resignation of CFO Mr. Prabhat Kumar Jha effective June 4, 2026 due to personal reasons.
- · Resignation of secretarial auditor M/s JCA & Co. effective June 4, 2026 due to pre-occupation.
- · Appointment of Ms. Surbhi Bansal as Secretarial Auditor for FY 2026-27.
- · Appointment of M/s Kulin Shah & Associates as Internal Auditor for FY 2026-27.
- · Board meeting started at 3:45 PM IST and concluded at 4:00 PM IST.
05-06-2026
Lumax Industries reported record annual revenue of INR 4,184 crore (up 23% YoY) and EBITDA of INR 412.1 crore (up 42.8% YoY) for FY26, driven by strong auto industry growth and LED adoption. However, the company faces near-term headwinds from a 30-35 bps employee cost impact due to minimum wage revisions, and a one-time PAT impact of INR 17.8 crore from the new labour code. The order book stands at INR 2,200 crore (88% LED), but capex is expected to moderate sharply to INR 100-150 crore in FY27 from INR 390-400 crore in FY26.
- · Net long-term debt stands at INR 235 crore.
- · ICRA upgraded credit rating to ICRA AA- (Stable) for long-term and ICRA A1+ (highest) for short-term.
- · Effective tax rate for Q4 FY26 was 22.5%.
- · Tooling revenues expected to increase significantly in FY27 compared to FY26.
- · The company expects to pass on wage cost increases to OEMs with a time lag.
- · FY26 PAT includes a one-time impact of INR 17.8 crore from the new labour code notification.
- · Q4 FY26 EBITDA margin of 10.4% was the second consecutive quarter of double-digit margin.
- · Forex impact was 90 bps in Q4 FY26 and 40 bps for full year FY26.
05-06-2026
Wealth First Portfolio Managers Limited reported a strong turnaround in Q4 FY26 with consolidated revenue from operations of INR16.5 crore (vs. a loss of INR3.3 crore in Q4 FY25) and consolidated PAT of INR10.5 crore (vs. a loss of INR4.3 crore in Q4 FY25). For the full year FY26, revenue grew 28.7% to INR68.4 crore from INR53.2 crore in FY25, while PAT rose to INR38.3 crore from INR34.1 crore. However, the company's strategic exit from its trading book (reduced to zero) eliminated a volatile revenue stream, and the cost-to-income ratio (excluding exceptional items) was not disclosed, indicating ongoing investments in new ventures like Lakshya AMC and Wealthshield Insurance Brokers.
- · Trading book reduced to zero, eliminating a volatile revenue stream.
- · Lakshya AMC received SEBI license in 14 months; Wealth First invested approximately INR41 crore.
- · Wealthshield Insurance Brokers received IRDAI license; operates B2C and B2B verticals.
- · Over 30% of business revenue comes from outside Gujarat.
- · Cost-to-income ratio (excluding exceptional items) not disclosed in the provided excerpt.
05-06-2026
The filing is a certificate under SEBI Regulation 57(1) confirming timely payment of interest and/or principal on Non-Convertible Debentures (NCDs) by Sammaan Capital Limited. No specific financial metrics, corporate actions, or shareholder value events are disclosed in this compliance filing. The filing is purely procedural and does not contain any quantitative data or performance indicators.
05-06-2026
Hinduja Global Solutions reported Q4 FY2026 revenue from operations of ₹1,084.7 crore, up 0.9% QoQ but down 6.6% YoY. Total EBITDA for the quarter was ₹197.1 crore (margin 15.7%), a sharp 29.4% decline YoY. For full-year FY2026, revenue fell 2.2% to ₹4,307.4 crore and total EBITDA dropped 20.1% to ₹648.6 crore (margin 13.4% vs 16.4% in FY2025). The company highlighted its best-ever year for new client signings (79 logos) and the launch of Project GANGA, a large-scale digital inclusion initiative in Uttar Pradesh, while the digital media business continues to face pay TV headwinds.
- · Final dividend of ₹5 per equity share (face value ₹10) recommended for FY2026, subject to shareholder approval at AGM.
- · HGS ranks in the top quartile of the industry benchmark for client NPS, with 68% promoters.
- · Broadband bandwidth cost as % of retail revenue improved from 28% in Q4 FY2025 to 26% in Q4 FY2026.
- · Net treasury & cash surplus stood at ₹5,346 crore as of March 2026, up ₹119 crore from ₹5,227 crore in Q3 FY2026.
- · Total borrowings increased to ₹1,294 crore in Q4 FY2026 from ₹1,202 crore in Q3 FY2026.
- · PAT from continuing operations was negative ₹13.6 crore in Q4 FY2026, compared to negative ₹1.7 crore in Q4 FY2025.
- · Full-year FY2026 PBT before exceptional items was negative ₹63.0 crore, versus positive ₹59.8 crore in FY2025.
- · DTV 90-day churn improved to 1.74% in Q4 FY2026 from 2.20% in Q4 FY2025.
- · Broadband 90-day churn improved to 0.62% in Q4 FY2026 from 1.29% in Q3 FY2026.
- · Digital & Media Services contributed 45% of Q4 FY2026 operating revenue and 42% of full-year FY2026 operating revenue.
- · CX Services contributed the remaining share of operating revenue.
05-06-2026
Restaurant Brands Asia Limited has received a revised disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Rajasthan Global Securities Pvt Ltd. The filing is a regulatory compliance update regarding substantial acquisition of shares, but no specific financial details, deal structure, or strategic rationale are disclosed. The event is purely procedural with no quantitative data on valuation, shareholding changes, or transaction terms.
05-06-2026
PB Fintech Limited has informed the exchanges that its management will attend the Kotak Securities India Conference in London on June 15-16, 2026. The company stated that no unpublished price sensitive information will be shared during the interaction. The schedule is subject to change.
- · The meeting is scheduled for June 15-16, 2026 in London at 09:00 AM BST.
- · The company explicitly states no unpublished price sensitive information will be shared.
05-06-2026
KSH International Ltd has issued a Postal Ballot Notice to seek shareholder approval via remote e-voting for the ratification of the KSH Employee Stock Option Scheme 2025 (KSH ESOP 2025). The scheme allows for granting options exercisable into up to 17,04,546 equity shares (face value ₹5 each) to eligible employees and directors (excluding independent directors, promoters, and promoter group members). The e-voting period runs from June 6, 2026, to July 5, 2026, and results will be announced on or before July 7, 2026.
- · The resolution is a Special Resolution, requiring a supermajority for approval.
- · The KSH ESOP 2025 was originally approved by shareholders in a meeting held on May 6, 2025, subsequent to the IPO, and this ratification is being sought again via postal ballot.
- · The cut-off date for determining eligible members is Friday, May 29, 2026.
- · MUFG Intime India Private Limited has been appointed to provide e-voting services.
- · The scrutinizer will submit the report after scrutiny, and the results (including vote tally) will be announced on or before July 7, 2026, displayed on the company website and submitted to stock exchanges.
- · Independent Directors and Promoters / Promoter Group members are excluded from eligibility for options under this scheme.
- · The Board (or Nomination and Remuneration Committee) is authorized to make adjustments in case of corporate actions like rights issue, bonus, split, consolidation, merger, etc.
05-06-2026
K.P.R. Mill Limited has scheduled a series of virtual meetings with analysts and institutional investors from June 15 to June 19, 2026. The meetings include one-on-one sessions with Ellerston Capital, Fidelity International, Capital Group, and Prabhudas Lilladher, and a group meeting with ICICI Prudential, Mirae Mutual Fund, Canara Robeco, Tata Mutual Fund, and Bandhan Mutual Fund. No unpublished price-sensitive information or presentations are intended to be discussed.
- · Meetings are scheduled on June 15, 16, 17, and 19, 2026.
- · All meetings are virtual.
- · The schedule may change due to exigencies.
05-06-2026
The Indian Hotels Company Limited has sent a physical letter to shareholders who have not registered their email addresses, providing the web-link to the Integrated Annual Report for FY 2025-26. This communication is made in compliance with SEBI Listing Regulations and the letter is also available on the company's website.
- · The letter is sent to members who have not registered their email addresses with the Company, Registrar and Transfer Agent, Depositories, or Depository Participants.
- · The Integrated Annual Report is for Financial Year 2025-26.
- · The letter is available on the company's website at https://ir.ihcltata.com/shareholder-information/annual-general-meetings/year-25-26
05-06-2026
On June 5, 2026, La Opala RG Limited disclosed that promoter entity Genesis Exports Private Limited, acting on behalf of itself and its Persons Acting in Concert (PACs), acquired 45,000 equity shares in the open market on June 3-4, 2026. Following this acquisition, the promoter group's total holding increased marginally from 66.20% to 66.24% of the company's equity share capital, representing a very small 0.04% increase.
- · The acquisition was executed via open market purchase on June 3 and June 4, 2026.
- · Eight PACs are identified: Ajit Jhunjhunwala, Sushil Jhunjhunwala, Gyaneshwari Devi Jhunjhunwala, Shruti Kishorepuria, Nidhi Jhunjhunwala, Ishita Jhunjhunwala, and Abhyuday Jhunjhunwala.
- · No other PAC changed their holdings — only Genesis Exports acquired shares.
- · The acquisition represents just 0.04% of voting capital, resulting in a total promoter group stake of 66.24%.
- · No encumbrance or pledge was involved in this transaction.
- · The filing was made under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
05-06-2026
Midwest Energy Limited (formerly Midwest Gold Limited) announced the appointment of Ms. Prabhat Bhamini as Company Secretary & Compliance Officer effective June 05, 2026, and the shifting of its registered office from Banjara Hills to Prestige Skytech, Financial District, Nanakramguda, Hyderabad. The board meeting was held on the same day from 3:45 PM to 4:30 PM.
- · Company name changed from Midwest Gold Limited to Midwest Energy Limited (CIN: L13200TG1990PLC163511).
- · Registered office relocated from 1st Floor, H.No.8-2-684/3/25 & 26, Road No.12, Banjara Hills, Hyderabad – 500034 to Midwest Energy Limited, Floor 19, Prestige Skytech, Financial District, Nanakramguda, Hyderabad – 500032.
- · Board meeting commenced at 03:45 PM and concluded at 04:30 PM.
05-06-2026
Blue Star Limited has communicated to shareholders regarding tax deduction at source (TDS) on the recommended final dividend of ₹8.5 per equity share (face value ₹2) for FY 2025-26, subject to shareholder approval at the AGM on August 6, 2026. The company has set a record date of July 17, 2026, and shareholders must submit relevant tax forms and documents by July 10, 2026 to claim lower or nil withholding tax rates. The filing details the applicable TDS rates for resident and non-resident shareholders, including a higher 20% rate for those without a valid PAN, and outlines documentation requirements for exemptions under the Income Tax Act, 2025 and applicable Double Tax Avoidance Agreements.
- · The final dividend is subject to shareholder approval at the AGM scheduled for August 6, 2026.
- · Record date for dividend entitlement is July 17, 2026.
- · Deadline for submission of tax-related documents (Form 121, Form 41, etc.) is July 10, 2026.
- · Resident individuals with total dividend income not exceeding ₹10,000 in the tax year are exempt from TDS.
- · Non-resident shareholders may claim beneficial DTAA rates by submitting a Tax Residence Certificate, Form 41, and a self-declaration of beneficial ownership.
- · Shareholders holding shares in physical mode must provide PAN, bank details, and other KYC documents to receive dividend via electronic mode.
- · The company will deduct TDS based on records available with the RTA and will not revise TDS returns after payment.
- · Shareholders must indemnify the company against any tax demand arising from misrepresentation or omission in submitted documents.
05-06-2026
B.R. Goyal Infrastructure reported strong FY26 results with revenue growing 61% YoY to ₹820 Cr and PAT up 77.8% to ₹44.92 Cr. EBITDA margin improved 105 bps to 9.13%. However, the order book declined marginally to ₹1,235 Cr as of March 31, 2026, though management noted a strong bidding pipeline of ₹1,500-2,000 Cr and expects 20-25% revenue growth in FY27. The company also announced a maiden dividend of 0.25% per share and a preferential issue of convertible warrants aggregating ₹13.09 Cr.
- · Order book decreased marginally to ₹1,235 Cr as of March 31, 2026, from approximately ₹1,300 Cr a year earlier, though management attributed this to faster execution and a shift to larger bids.
- · Management guided for 20-25% revenue growth in FY27, but cautioned about geopolitical uncertainties.
- · The company has a bidding pipeline of ₹1,500-2,000 Cr with an expected strike rate of 10-15%.
- · India Ratings upgraded short-term banking loan facility rating to IND A2 from IND A3+.
- · Board approved preferential issue of convertible warrants aggregating up to ₹13.09 Cr.
- · Board proposed enhancement of borrowing limits to support larger projects.
- · Acquired 10% stake in Virtuoso Infra Meditech LLP, a real estate company in Indore, with an estimated project revenue of ₹150 Cr.
- · Maiden dividend of 0.25% per share (2.5% of face value ₹10) recommended.
- · H2 FY26 EBITDA margin improved to 9.93% from 9.13% in FY26 full year.
05-06-2026
Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) has informed the stock exchanges that its officials will attend investor conferences on June 11, 2026 (virtual, organized by Choice Broking) and June 16, 2026 (in-person in Mumbai, organized by Systematix Group). The company stated that discussions will be based on publicly available information and no unpublished price sensitive information (UPSI) will be shared.
- · Company was formerly known as AKP Holdings Limited.
- · Meeting on June 11, 2026 is virtual and organized by Choice Broking (16:00–17:00 IST).
- · Meeting on June 16, 2026 is in-person in Mumbai, organized by Systematix Group (10:00 AM onwards).
- · No unpublished price sensitive information (UPSI) is intended to be discussed.
05-06-2026
Dalmia Bharat Limited has communicated TDS provisions for the final dividend of ₹5 per equity share (face value ₹2) for FY 2025-26, as recommended by the Board on April 28, 2026. The dividend is subject to shareholder approval at the 13th Annual General Meeting. Shareholders must submit required documents by June 23, 2026, to avoid higher TDS rates; failure to provide valid PAN or Form 121 (for residents) or treaty documents (for non-residents) will result in a 20% withholding rate.
- · The final dividend is subject to shareholder approval at the 13th Annual General Meeting.
- · Resident individuals with total dividend up to ₹10,000 in FY 2026-27 are exempt from TDS.
- · Resident shareholders can submit Form 121 for nil TDS, provided all eligibility conditions are met.
- · Non-resident shareholders may claim beneficial DTAA rates by submitting a Tax Residency Certificate, Form 41, and other documents by June 23, 2026.
- · Shareholders with multiple accounts under different statuses but same PAN will have the higher applicable tax rate applied to their entire holding.
- · Documents must be uploaded via the KFintech link or emailed to einward.ris@kfintech.com by June 23, 2026; late submissions will not be considered.
- · If TDS is deducted at a higher rate, shareholders can file a return of income and claim a refund if eligible.
05-06-2026
Highway Infrastructure Limited reported a strong FY26 with total income of ₹633.4 Cr, up 25.6% YoY, EBITDA of ₹51.5 Cr (+28.4% YoY), and PAT of ₹31.8 Cr (+42.0% YoY). The company achieved its highest-ever order book of over ₹1,000 Cr (₹1,143 Cr) and maintained a healthy debt-to-equity ratio of 0.45x and ROE of 18.4%. However, the company deliberately exited two tollway contracts (Venkatapalam Fee Plaza with a penalty of ₹26.33 lakh and Katiyara Fee Plaza) due to unattractive commercial terms, and the EPC segment's contribution to revenue declined to 19.8% from a prior higher share, reflecting selective bidding discipline.
- · Government allocated INR 3.1 lakh crore to Ministry of Road Transport and Highways for FY27.
- · 501 wayside amenities awarded and 94 operational as of April 2025; over 700 expected by FY29.
- · Company evaluating adjacent opportunities: wayside amenities, renewable energy-linked EPC (EV charging), ropeway projects under Parvatmala Pariyojana.
- · EPC business has 105+ completed projects and 30+ ongoing projects.
- · Company operates across 11 states and 1 Union Territory.
- · Deliberate exits: Venkatapalam Fee Plaza (penalty INR 26.33 lakh) and Katiyara Fee Plaza (handed over due to unattractive commercial terms).
05-06-2026
Crompton Greaves Consumer Electricals Limited will host a single investor meeting with Axis Capital on June 10, 2026, from 1:00 PM to 2:00 PM in physical mode. The company stated that no unpublished price sensitive information will be shared during the meeting.
- · The meeting is a one-on-one interaction with Axis Capital.
- · The meeting is scheduled for June 10, 2026, from 1:00 PM to 2:00 PM.
05-06-2026
Genesis Exports Private Limited, a promoter of La Opala RG Limited, acquired 45,000 equity shares on the open market on June 3, 2026, increasing its holding from 5,21,60,000 shares (46.99%) to 5,22,05,000 shares (47.09%). The transaction was disclosed to the company on June 5, 2026, under SEBI (Prohibition of Insider Trading) Regulations, 2015.
- · The acquisition was executed on the open market via the National Stock Exchange (NSE) on June 3, 2026.
- · The disclosure was made under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
- · The promoter's shareholding increased by approximately 0.10 percentage points (from 46.99% to 47.09%).
05-06-2026
Xelpmoc Design and Tech's Q4 FY26 consolidated operating revenue was INR10.8 million, up from INR7.1 million in Q4 FY25 but slightly down from INR11.2 million in Q3 FY26. Operating EBITDA remained negative at INR15.6 million (vs negative INR15.3 million in Q4 FY25), and net loss improved to INR17.8 million from INR18.4 million in Q4 FY25. While revenue growth was modest and profitability is still elusive, the company highlighted progress in portfolio companies (Mihup, Woovly, Pencil, TSIM, Kids Stop Press) and new product launches (DocuXray, RELY), though management cautioned that enterprise sales cycles remain long and market uncertainty persists.
- · Management stated they are NOT looking to onboard new start-ups unless exceptional opportunities arise.
- · 100% of Q4 revenue came from the corporate segment.
- · The company is committed to achieving EBITDA profitability as soon as possible.
- · Pencil (creator economy) launched AI-generated audio support via Google India grant and produced AI-generated books in multiple languages.
- · Kids Stop Press has improved monetization through long-term brand collaborations extending reach into Tier 2 regions.
- · Biome increased investment commitment on OsteoForge to INR4 crore (from initially planned INR2 crore) for a 10% combined stake.
- · Zoop.Money surpassed INR300 crore inventory value across 70+ projects and completed deep core-banking integration with ICICI Bank.
- · The start-up ecosystem continues to experience significant funding challenges.
- · Management noted that POC (proof of concept) cycles are lengthy due to market uncertainty and the need for client confidence building.
- · DocuXray (successor to Xtract) and RELY (Agetech platform) are seeing good traction but have not yet materially impacted reported revenue.
05-06-2026
Sammaan Capital Limited has made a newspaper publication announcement under SEBI LODR Regulation 30 on June 05, 2026. The filing does not disclose any specific corporate action, financial metrics, or numerical data. No details on dividends, buybacks, bonus issues, or rights offerings are provided, and no scheduled events or insider transactions are mentioned.
05-06-2026
SBI Cards and Payment Services Limited held a one-on-one meeting with Karma Capital Advisors on June 5, 2026, at its Gurugram office from 3:00 PM to 4:00 PM. The meeting was conducted under Regulation 30 of SEBI LODR, and only information already available in the public domain was shared with the investor. No new financial or operational data was disclosed.
- · Meeting was with a single investor/analyst firm: Karma Capital Advisors.
- · Meeting was held in Gurugram and lasted one hour (3:00 PM to 4:00 PM).
- · No non-public information was disclosed; only publicly available data was shared.
05-06-2026
Aanchal Ispat Ltd announced the closure of its Qualified Institutional Placement (QIP) on June 5, 2026, having received applications for 13,00,000 equity shares from eligible Qualified Institutional Buyers (QIBs). The Board approved the allocation of 14,00,000 equity shares at an issue price of ₹50 per share (including a premium of ₹40 on a face value of ₹10), and adopted the Placement Document dated June 5, 2026. The issue opened on June 3, 2026 and closed on June 5, 2026.
- · The Board meeting commenced at 04:15 PM and concluded at 04:40 PM on June 5, 2026.
- · The QIP was conducted under Chapter VI of the SEBI ICDR Regulations, 2018.
- · The company's BSE Scrip Code is 538812.
- · The company's CIN is L271DGWB1996PLC followed by additional characters.
- · The registered office is at National Highway No.6, Chamrail, Howrah 711111.
05-06-2026
Anthem Biosciences Limited has informed the stock exchanges that a group of analysts and institutional investors will visit its plant in Bangalore on June 10, 2026, followed by a group meeting with the management. The company has clarified that no unpublished price-sensitive information (UPSI) will be discussed during the visit or meeting.
- · The plant visit and group meeting are scheduled for June 10, 2026.
- · The meeting will be held physically in Bangalore.
- · The company has stated that no UPSI will be discussed during the event.
- · The date/time may change due to unforeseen exigencies on the part of the company or host.
05-06-2026
Kkalpana Plastick Limited has issued a Postal Ballot Notice dated May 04, 2026, seeking shareholder approval via remote e-voting for a material related party transaction with Bbigplas Poly Private Limited (BPPL), a promoter entity. The transaction involves renewing a lease for office space of 528 sq. ft. at a monthly license fee of ₹10,000 for an initial term of 11 months, renewable for up to two additional 11-month terms (maximum 33 months). The e-voting period runs from June 08, 2026 to July 07, 2026, with results to be declared on or before July 09, 2026.
- · The cut-off date for determining eligible members is May 29, 2026.
- · The e-voting period commences at 09:00 AM IST on June 08, 2026 and ends at 05:00 PM IST on July 07, 2026.
- · Results will be declared on or before July 09, 2026.
- · The resolution is proposed as an Ordinary Resolution.
- · The lease is for office space at 'Maruti Building', 12, Dr. U. N. Brahmachari Street, 5th Floor, Flat No: 5F, Kolkata-700 017.
- · The transaction is stated to be at arm's length and in the ordinary course of business.
- · The company's RTA was changed from CB Management Services Private Limited to MUFG Intime India Private Limited effective May 08, 2026 due to a merger.
05-06-2026
Sethi Funds Management Private Limited, a promoter group entity, acquired 50,000 equity shares (0.04% of total issued and paid-up share capital) of K.C.P. Sugar and Industries Corporation Ltd. through open market purchases on June 2 and June 3, 2026. Post-acquisition, the acquirer's holding increased from 0.26% to 0.30% of the total share capital.
- · Acquisition executed in two tranches: 30,000 shares on June 2, 2026 and 20,000 shares on June 3, 2026.
- · The acquirer is classified as a Promoter entity.
- · Total equity share capital of the company is 1,33,85,050 equity shares of Re 1/- each.
- · No shares were encumbered (pledged/lien) before or after the acquisition.
05-06-2026
Jindal Photo Limited's Board of Directors approved the extension of tenure for two series of Redeemable Preference Shares, subject to consent from the respective holders. Series I (1,50,00,000 shares) maturity extended from June 10, 2026 to June 10, 2031, and Series III (40,00,000 shares) maturity extended from September 22, 2026 to September 22, 2031. However, the consent of the preference shareholders is yet to be obtained, and the company will disclose the outcome once received.
- · Board meeting commenced at 03:30 PM and concluded at 04:15 PM on June 05, 2026.
- · All other terms and conditions of the Redeemable Preference Shares remain unchanged.
- · Consent from preference shareholders is pending and will be disclosed separately upon receipt.
05-06-2026
Andhra Cements Limited (ACL) will merge into its holding company Sagar Cements Limited (SCL) via a Scheme of Amalgamation approved by the board on June 5, 2026. The merger aims to consolidate operations and create a unified entity with synergies in manufacturing, branding, and distribution. For FY 2025-26, ACL reported revenue of ₹44,249 Lakhs and net worth of ₹8,074 Lakhs, while SCL's standalone revenue was ₹1,76,830 Lakhs with net worth of ₹1,64,481 Lakhs; SCL's consolidated revenue stood at ₹2,65,002 Lakhs with net worth of ₹1,69,292 Lakhs. No cash consideration is payable; the share swap ratio is 29 equity shares of SCL (₹2 face value) for every 98 equity shares of ACL (₹10 face value). The scheme requires approvals from shareholders, creditors, NCLT, BSE, NSE, SEBI, and other authorities.
- · SCL held 75% of ACL's paid-up equity share capital prior to the merger.
- · Share swap ratio: 29 equity shares of SCL (₹2 face value) for every 98 equity shares of ACL (₹10 face value).
- · No cash consideration is payable under the scheme.
- · The scheme is classified as a related party transaction but exempt from Section 188 of the Companies Act per MCA circular.
- · SCL has a consolidated installed capacity of 10.50 MTPA with six manufacturing facilities across Southern, Central, and Eastern India.
- · Valuation report by BDO Valuation Advisory LLP and fairness opinion by Anand Rathi Advisors Ltd. both dated June 5, 2026.
05-06-2026
Routine debt securities filing:
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