Executive Summary
The daily digest for June 27, 2026, is dominated by a transformative mega-deal in the IT services sector, with Persistent Systems launching a ~$2.9 billion acquisition of Nagarro SE. This transaction, while carrying execution and integration risks, could reshape the competitive landscape.
Separate filings also revealed significant corporate actions, including a large EPC solar order for Vikran Engineering and a sweeping change of control at Glittek Granites, signaling a strategic pivot towards mining and clean energy. Insider activity was mixed, with a substantial promoter sale at GNA Axles, contrasting with a pledge release at Paisalo Digital and a new pledge at Raymond Lifestyle. Period-over-period data highlighted steady 15.19% revenue growth for Rossari Biotech but a concerning slowdown to 2.8% for Nagarro. The day's filings point to themes of consolidation and strategic pivots, particularly within capital-intensive sectors like infrastructure and materials.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate governance · M&A · Open offer
Tracking the trend? Catch up on the prior India Stock Market Daily Regulatory Digest digest from June 26, 2026.
Investment Signals (10)
- Persistent Systems ↓ (BULLISH)▲
Launching a ~$2.9B acquisition of Nagarro SE (EUR 81/share), creating a 46,000-employee powerhouse. Persistent has 24 consecutive quarters of revenue growth (17.4% YoY to ~$1.7B) and secured a 6.5-yr, $650M+ contract. The deal is EPS-accretive but increases leverage and carries integration risk.
- Rossari Biotech ↓ (MIXED)▲
Reported 15.19% YoY revenue growth to ₹23,963.65M and declared a ₹0.50 dividend. This growth, while healthy, is below historical outperformance. Added 70+ new customers. Margin trends not disclosed.
- Vikran Engineering ↓ (BULLISH)▲
Received a ₹3,517.98 Cr EPC order for a 969 MW solar project, offsetting cancellation of a ₹2,035.26 Cr order. The net effect is a larger project with a 12-month execution timeline.
- Persistent Systems ↓ (BULLISH)▲
Signed a 6.5-year, $650M+ services agreement with a US tech leader ($125M+/year). This provides strong, long-term revenue visibility and demonstrates client confidence.
- GNA Axles ↓ (BEARISH)▲
Promoter Mr. Maninder Singh sold 1,135,767 shares (2.65% of capital) in-market, reducing his stake from 10.60% to 7.95%. This is a significant reduction by a key insider.
- Paisalo Digital ↓ (BULLISH)▲
Promoter group entity released a pledge on 6,42,06,000 shares (7.06% of capital), reducing promoter encumbrance from 33.06%. This indicates improved financial flexibility for the promoter.
- Raymond Lifestyle ↓ (BEARISH)▲
Promoter J.K. Investors created a pledge on 35,32,892 shares (5.80% of capital), pushing total promoter encumbrance to 14.15%. This signals potential financing needs.
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Record date for dividend entitlement is July 20, 2026, with AGM on July 29, 2026. This provides a clear timeline for investors seeking dividend income.
- Nagarro SE (BEARISH)▲
Revenue growth slowed to just 2.8% YoY in CY25 (EUR 999.3M), a sharp deceleration from 6.6% in CY24. This sluggish performance is a key risk for Persistent's acquisition.
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Post change of control, the board approved a complete management overhaul and a name change to reflect a pivot into mining and clean energy. This is a high-conviction pivot by the new promoters. [BULLISH (for new strategy)]
Risk Flags (8)
- Persistent Systems / Acquisition Risk↓ [HIGH RISK]▼
The ~$2.9B Nagarro deal faces significant regulatory hurdles (multiple jurisdictions, BaFin), a 50%+ acceptance threshold, and is not expected to settle until Q4 CY2026/Q1 CY2027. Execution risk is high.
- Nagarro / Underlying Business [HIGH RISK]▼
The target company's core revenue growth has decelerated to 2.8% (CY25), which is well below the IT services industry average. Persistent is acquiring a slow-growth asset at a 140% premium.
- GNA Axles / Insider Selling↓ [MEDIUM RISK]▼
A key promoter sold 2.65% of the company's voting capital within a week. This is a strong negative signal about management's near-term outlook for the company's valuation.
- Global Infratech & Finance / Governance Risk↓ [LOW-MEDIUM RISK]▼
Public shareholder participation in a critical postal ballot was extremely low (0.03% of their shares), with 10% of those votes being in opposition. This suggests a lack of retail investor engagement and potential dissent.
- Raymond Lifestyle / Promoter Pledging↓ [MEDIUM RISK]▼
A major promoter entity has increased pledged shares, bringing total promoter encumbrance to 14.15%. High promoter pledging can indicate financial stress and lead to downside risk if margin calls occur.
- Aurobindo Pharma / Regulatory Risk↓ [LOW-MEDIUM RISK]▼
A US FDA inspection at a key API facility concluded with 2 observations. While the company says there is no immediate financial or operational impact, unresolved or severe observations could lead to future restrictions.
- Advani Hotels / Reputational Risk↓ [LOW RISK]▼
The company has filed a formal complaint with SEBI against a research platform for publishing inaccurate data, suggesting a potential threat to the company's market credibility.
- Steelman Telecom / Meeting Cancellation↓ [LOW-MEDIUM RISK]▼
The cancellation of a pre-scheduled board meeting under Regulation 29 (financial results) due to 'unavoidable reasons' with no further details is a governance red flag.
Opportunities (8)
- Persistent Systems / Mega Deal & TCV↓ (OPPORTUNITY)◆
The Nagarro acquisition creates a $2.9B AI-led engineering giant. If successful, it could re-rate the stock. In parallel, the $650M+ contract provides non-deal-related revenue support.
- Rossari Biotech / Steady Growth & Dividend↓ (OPPORTUNITY)◆
With a 15%+ YoY revenue growth, 8 manufacturing hubs, and a new subsidiary in Saudi Arabia, the company offers steady growth. The 25% dividend yield on face value and record date on July 10 offer a short-term catalyst for income investors.
- Vikran Engineering / Solar Order Win↓ (OPPORTUNITY)◆
The ₹3,517.98 Cr EPC order for a 969 MW solar project is a significant catalyst. The 12-month execution timeline suggests near-term revenue visibility. The cancellation of the previous order removes potential execution conflicts.
- Colinz Laboratories / Open Offer↓ (OPPORTUNITY)◆
A mandatory open offer at ₹54/share has been triggered after a change in control. Investors can tender shares at this price for a potential exit or arbitrage opportunity. The offer is for 26% of the voting capital.
- Duke Offshore / Open Offer↓ (OPPORTUNITY)◆
An open offer at ₹30/share for a 26% stake provides a liquidity and arbitrage opportunity for investors. The offer period is Aug 4-17, 2026.
- Jindal Steel & Power / Reduced Pledging◆
A promoter entity released a pledge on 0.17% of shares. While small, it is a positive data point in a sector where promoter pledging is a known concern. [OPPORTUNITY (niche)]
- Digjam / Operational Synergies↓ (OPPORTUNITY)◆
The NCLT has admitted a demerger scheme to consolidate Reid & Taylor into Digjam. The goal is to unlock value through synergies and consolidation. The process is advancing with procedural approvals.
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With a record date of July 20, 2026, for the upcoming dividend, the stock may see temporary buying interest from dividend-seeking investors. The AGM is on July 29, 2026. [OPPORTUNITY (short-term)]
Sector Themes (5)
- IT Services Consolidation◆
Persistent's attempt to acquire Nagarro, a large German-headquartered firm, signals a major consolidation wave in mid-tier IT. This could trigger further M&A as peers seek scale to compete with larger players like TCS and Infosys.
- Renewable Energy EPC Surge◆
Vikran Engineering's mega 969 MW solar order indicates strong demand in the utility-scale solar EPC space, driven by India's ambitious renewable energy targets. This benefits companies with balance sheet strength and execution capabilities.
- Changing of the Guard (Control & Pivot)◆
Multiple filings (Colinz Labs, Duke Offshore, Glittek Granites, Antariksh Industries) involve significant changes in control, often followed by strategic pivots. This creates a dynamic 'new story' opportunity for investors but also carries execution risk from the new management.
- Promoter Pledging as a Signal◆
Divergent patterns in promoter pledging are emerging. Positive deleveraging is seen with Paisalo Digital (large release), while concerns remain for Raymond Lifestyle (new creation). This is a key metric for assessing financial health within promoter-led companies.
- Slow Growth vs. High Premium Deals◆
The Persistent-Nagarro deal highlights a key market risk: acquirers are paying substantial premiums (140%) for assets with slowing revenue growth (Nagarro: 2.8% YoY). This could lead to value destruction if growth synergies are not realized.
Watch List (8)
- Persistent Systems & Nagarro👁
Monitor regulatory approvals (BaFin, anti-trust), shareholder votes, and acceptance levels. Settlement expected Q4 CY2026/Q1 CY2027.
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Watch for execution updates on the new 969 MW solar order, given the 12-month timeline and the cancellation of the previous 600 MW project.
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Open offer at ₹54/share. Watch for investor response and the final acceptance level.
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Open offer at ₹30/share opens on Aug 4, 2026. Watch for the final public announcement.
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EGM to approve name change and business pivot to mining/clean energy. Monitor shareholder approval and the execution of the new strategy.
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Watch for the company's response to the US FDA's 2 observations and any subsequent regulatory action or clarifications.
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Board meeting on July 20, 2026, to approve Q1 FY27 results. This will provide insight into the company's performance for the quarter.
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Monitor SEBI's response to the company's complaint against Simply Wall Street and any further negative research reports.
Filing Analyses
(50)
27-06-2026
Rossari Biotech Limited published its Integrated Annual Report for FY 2025-26, reporting revenue of ₹23,963.65 million, EBITDA of ₹2,859.03 million, and PAT of ₹1,492.13 million. The company declared a final dividend of ₹0.50 (25%) per equity share for FY 2024-25, with a record date of July 10, 2026)Skip. While revenue grew 15.19% YoY, the company's market capitalisation stood at ₹20,968 million, and it added 70+ new customers during the year. However, the filing does not provide segment-level profitability or volume growth data, and the overall growth rate of 15.19% YoY, while healthy, is below the company's historical trajectory of outperforming industry growth.
- · The company has 8 manufacturing hubs including major facilities in Dahej I, Dahej II, Silvassa, Sarigam, and a blending facility in Thailand.
- · A wholly owned subsidiary has been set up in Kingdom of Saudi Arabia (KSA) for a greenfield opportunity.
- · The company has 4 advanced R&D centres and a total manufacturing capacity of 387,100 MTPA.
- · Sustainability highlights include 813,325 GJ renewable energy consumed, 1,800 trees planted, 306 Mt waste recycled, and 37,665 kL water released after treatment.
- · The board has 50% independent women directors.
- · The 17th AGM is scheduled for July 20, 2026 via video conferencing.
- · Remote e-voting runs from July 17, 2026 (9:00 AM IST) to July 19, 2026 (5:00 PM IST).
27-06-2026
Rossari Biotech Limited has issued the notice for its 17th Annual General Meeting (AGM) to be held on July 20, 2026 via video conference. Key agenda items include adoption of audited standalone and consolidated financial statements for FY2025-26, declaration of a dividend of ₹0.50 per equity share (25% on face value of ₹2), and approval of material related party transactions with subsidiary Unitop Chemicals Private Limited up to ₹10,290 million for FY2026-27. The meeting also seeks shareholder approval for the appointment/re-appointment of independent directors and ratification of cost auditor remuneration.
- · The AGM will be conducted entirely through Video Conferencing/Other Audio-Visual Means.
- · Mr. Udeypaul Singh Gill's appointment as Independent Director is for a term from April 28, 2026 to April 27, 2029, with continuation beyond age 75 (attaining 75 on October 16, 2028) requiring special resolution.
- · Ms. Esha Padmanabhan Achan is proposed for re-appointment as Independent Director for a second term from October 21, 2026 to October 20, 2029.
- · Cost auditor remuneration for FY2026-27 is ₹1,35,000 (exclusive of out-of-pocket expenses and taxes).
27-06-2026
Rossari Biotech Limited has dispatched the Integrated Annual Report for FY2025-26 and will hold its 17th Annual General Meeting on July 20, 2026 via video conferencing. The record date for dividend entitlement is July 10, 2026. The filing is a procedural compliance update and contains no financial results or performance data.
- · The Company is holding its 17th Annual General Meeting on Monday, 20th July, 2026 at 11:00 A.M. IST through Video Conferencing / Other Audio-Visual Means.
- · Last date for submission of TDS exemption forms and Record date for dividend entitlement is Friday, 10th July, 2026.
- · Remote E-voting period: start – Friday, 17th July, 2026 at 09:00 A.M. IST; end – Sunday, 19th July, 2026 at 05:00 P.M. IST.
- · Dividend payout to occur within 10 working days from the conclusion of the 17th AGM.
- · Cut-off date for E-voting is Monday, 13th July, 2026.
27-06-2026
Persistent Systems announced a multi-step acquisition of Nagarro SE, a German digital engineering leader with ~18,500 employees and EUR 1 billion (CY25) revenue. The company first established a wholly owned subsidiary (BidCo) in Germany for EUR 135,000, then signed an SPA to acquire 21% of Nagarro from its largest shareholder at EUR 81.00 per share, and approved a Voluntary Public Takeover Offer for 100% of Nagarro. The combined entity would create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. However, the deal is subject to regulatory approvals and shareholder approval, with settlement expected in Q4 CY2026 / Q1 CY2027, and Nagarro's revenue growth has been moderate (CY25: EUR 999.3M vs CY24: EUR 972.0M, +2.8% YoY).
- · Nagarro was founded in 1996 and incorporated as an SE in Germany on January 28, 2020.
- · Nagarro has ~13,500 employees in India, ~3,000 in Europe, ~500 in the US, and ~1,500 in the rest of the world.
- · The combined entity is expected to have strong presence in BFSI, HLS, TMT ($500M+ each), Industrials ($400M+), and Consumer ($300M+).
- · The acquisition is not a related party transaction and is at arm's length.
- · The SPA for the 21% stake is subject to customary closing conditions and regulatory approvals.
- · The Voluntary Public Takeover Offer requires approval by Persistent's members (shareholders) and various regulatory authorities.
27-06-2026
Persistent Systems has established a German subsidiary (Galaxy Germany Holding SE) and through it agreed to acquire a 21% stake in Nagarro SE from its largest shareholder at €81.00 per share, with a subsequent voluntary public takeover offer for the remaining shares. The combined Persistent–Nagarro entity would create a ~$2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. However, the deal is subject to multiple regulatory approvals and shareholder votes, with settlement expected only in Q4 CY2026/Q1 CY2027, and Nagarro's revenue growth has been modest (CY25: €999.3M vs CY24: €972.0M, a ~2.8% increase).
- · Nagarro has ~18,500 employees across 40+ countries, with ~13,500 in India, ~3,000 in Europe, ~500 in US, and ~1,500 in RoW.
- · The combined entity is projected to have strong vertical presence: BFSI, HLS, TMT ($500M+ each), Industrials ($400M+), Consumer ($300M+).
- · Nagarro's revenue growth has been modest: CY25 €999.3M (+2.8% YoY), CY24 €972.0M (+6.6% YoY).
- · The acquisition of the 21% stake is subject to regulatory approvals; the full takeover offer requires shareholder approval and multiple regulatory clearances.
- · Settlement of the Voluntary Public Takeover Offer is expected in Q4 CY2026 / Q1 CY2027.
27-06-2026
Persistent Systems has established a German subsidiary (Galaxy Germany Holding SE) and entered into a share purchase agreement to acquire 21% of Nagarro SE from its largest shareholder at EUR 81 per share, with a planned voluntary public takeover offer for the remaining shares. The combined entity is expected to be a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries. However, Nagarro's revenue growth has slowed to just 2.8% in CY2025 (from 6.6% in CY2024), and the deal is subject to multiple regulatory approvals, with settlement expected in Q4 CY2026/Q1 CY2027.
- · Nagarro was founded in 1996 and incorporated as an SE in Germany on January 28, 2020.
- · Nagarro has ~13,500 employees in India, ~3,000 in Europe, ~500 in the US, and ~1,500 in the rest of the world.
- · The voluntary public takeover offer settlement is expected in Q4 CY2026 / Q1 CY2027.
- · The acquisition requires approvals from Overseas Investment Commission, Competition Commission, and Securities Exchange in India and abroad.
- · The 21% block purchase is at arm's length and not a related party transaction.
- · Nagarro's key verticals include Industrials, Consumer, TMT, and BFSI.
27-06-2026
Persistent Systems announced a voluntary public takeover offer for all outstanding shares of Nagarro at EUR 81 per share, representing a ~140% premium to the undisturbed closing price on June 25, 2026. The business combination agreement creates the Persistent-Nagarro Group, a ~USD 2.9 billion AI-led digital engineering powerhouse with 46,000+ employees across 40+ countries. While the deal is expected to be cash EPS accretive in the first year, it will increase leverage (to be reduced over 2 years) and is subject to regulatory approvals, a minimum acceptance threshold of 50% plus one share, and BaFin approval.
- · Persistent has already secured ~21% of Nagarro via a binding share purchase agreement with Lantano Beteiligungen GmbH; Nagarro Management Board members also intend to tender their shares.
- · Nagarro has ~18,500 employees across 40+ countries, revenue of EUR 1 billion (CY25).
- · Persistent had ~27,500 employees in 21 countries as of last fiscal year, with 24 consecutive quarters of sequential revenue growth and 17.4% YoY revenue growth to ~USD 1.7 billion.
- · The combined entity will have 46,000+ employees across 40+ countries, including 37,000+ in India, 3,500+ in North America, and 3,000+ in Europe.
- · At-scale presence in BFSI, HLS, TMT (each USD 500M+), Industrial (USD 400M+), Consumer (USD 300M+).
- · Combined TAM exceeds USD 1,400 billion.
- · Persistent does not intend to enter into a domination and profit/loss transfer agreement for two years after closing.
- · Persistent intends to pursue a delisting of Nagarro from the Frankfurt Stock Exchange after closing.
- · Offer subject to minimum acceptance of 50% plus one share of all outstanding Nagarro shares.
- · Closing anticipated in Q4 CY26 / Q1 CY27, subject to regulatory approvals and BaFin approval of offer document.
27-06-2026
Persistent Systems has signed a 6.5-year strategic services agreement with a global technology leader headquartered in the United States. The contract, with a total value of USD 650M+ and annual value of USD 125M+, covers end-to-end operations, management, and support of a portfolio of enterprise cloud services across North America, Europe, and Asia Pacific. The client's name is undisclosed due to confidentiality obligations.
- · The agreement encompasses Product Development, SRE-led operations, L2, production support, incident, problem management, performance optimization, and ongoing operational management of a portfolio of enterprise software products.
- · None of the promoter(s), promoter group, or group companies have any interest in the awarding entity, and the agreement is not a related party transaction.
- · The contract scope includes North America, Europe, and Asia Pacific regions.
- · The company will leverage its advanced AI-driven platforms to deliver customized solutions.
27-06-2026
Infomerics Valuation and Rating Limited reaffirmed RITES Limited's long-term rating at IVR AAA with a Stable outlook and short-term rating at IVR A1+ for bank loan facilities totaling Rs. 3555.00 Crore (reduced from Rs. 3790.00 Crore). The rating reflects RITES' strong credit profile, strategic importance as a government undertaking, robust order book of ~Rs. 9,416 crore, and strong liquidity with ~Rs. 2,500 crore cash balance. However, the rating is tempered by exposure to foreign exchange risk and a moderately elongated working capital cycle.
- · Order book of ~Rs. 9,416 crore as on March 31, 2026 represents ~4.1x FY2026 total operating income.
- · RITES is debt-free with strong liquidity (FY2026 cash balance ~Rs. 2,500 crore).
- · The rating is based on standalone financials of RITES Limited.
- · The rating is valid for one year from June 25, 2026 (i.e., until June 25, 2027).
- · No Default Statement must be provided monthly, and quarterly performance results must be submitted within 6 weeks from the close of each calendar quarter.
27-06-2026
Power Grid Corporation of India Limited announced the complete commissioning of the transmission scheme for the Solar Energy Zone in Ananthpuram (2500 MW) and Kurnool (1000 MW), Andhra Pradesh, effective June 24, 2026. The project was executed by its subsidiary POWERGRID Ananthpuram Kurnool Transmission Limited, which has since been amalgamated with POWERGRID Khawda II-C Transmission Limited from March 1, 2026. No financial figures or period-over-period comparisons were provided in this filing.
- · Project commissioned with effect from 24th June, 2026.
- · Notification for Commercial Operation (DOCO) dated 25th June, 2026 received via email on 26th June, 2026.
- · The subsidiary POWERGRID Ananthpuram Kurnool Transmission Limited was amalgamated with POWERGRID Khawda II-C Transmission Limited w.e.f. 01st March 2026 per MCA order dated 27th January, 2026.
27-06-2026
Antariksh Industries Limited is seeking shareholder approval via postal ballot for a preferential issue of up to 22,25,000 equity shares at ₹86 per share (including ₹76 premium) to five allottees, including Riddhi Infocom Solutions LLP and Alpitkumar Pravinchandra Gor, who will acquire control and trigger an open offer under SEBI takeover regulations. The existing promoter is proposed to be reclassified as a public shareholder upon completion of the open offer. The e-voting period runs from June 28 to July 27, 2026, with results announced within two working days thereafter.
- · The relevant date for pricing is June 25, 2026 (30 days prior to the last e-voting date of July 27, 2026).
- · The preferential issue is subject to a valuation report by an Independent Registered Valuer and a recommendation from the Committee of Independent Directors.
- · Equity shares will be allotted in dematerialized form within 15 days of passing the special resolution, subject to regulatory approvals.
- · The shares will be locked in as per Chapter V of SEBI ICDR Regulations.
- · The existing promoter is proposed to be reclassified as a public shareholder under Regulation 31A(10) of SEBI LODR Regulations upon completion of the open offer.
27-06-2026
Shri Bajrang Alliance Limited has completed its withdrawal from Shri Bajrang Chemical Distillery LLP (SBCD LLP), effective June 26, 2026, reducing its partnership interest from 16% to nil. The company stated the move aims to optimize capital allocation, enhance financial flexibility, and redeploy resources toward its core food and steel rolling businesses.
- · The withdrawal was approved by the Audit Committee and Board of Directors on June 24, 2026, and by SBCD LLP partners on June 26, 2026.
- · The transaction did not involve a sale to any external third party; it was a reconstitution among existing partners.
- · The company's capital contribution in the LLP has been fully withdrawn and settled.
- · The company had previously intimated the exchange on February 10, 2026, February 28, 2026, and June 24, 2026 regarding this withdrawal.
27-06-2026
Astral Limited will hold a conference call with institutional investors from Investec Capital Services on June 27, 2026. The call features senior management including the Chairman & MD, Executive Directors, and CFO. The company clarifies the short notice is due to exigencies and that no price-sensitive information will be discussed because the meeting coincides with market holidays.
- · Conference call date: Saturday, June 27, 2026, coinciding with market holidays.
- · Multiple dial-in numbers provided for India, USA, UK, Singapore, and Hong Kong.
- · Short notice justified by 'exigencies, unexpected corporate developments and recently confirmed investor schedules'.
- · Affirmation that no price-sensitive information will be discussed or disclosed during the call.
- · The event is a single scheduled interaction with a single institutional investor (Investec Capital Services).
27-06-2026
Vikran Engineering Limited announced receipt of a work order from NOPL Solar Projects Private Limited (its wholly-owned subsidiary) for designing, engineering, procurement, supply, erection, testing and commissioning on a turnkey EPC basis for a 969 MW AC solar power project in Maharashtra, valued at INR 3517.98 Crore inclusive of GST. The company also disclosed the mutual cancellation of an earlier EPC work order from Onix Renewable Limited for a 600 MW project valued at INR 2035.26 Crore, of which approximately INR 388.67 Crore had been executed. The cancellation and replacement order are due to a restructuring of contractual arrangements following the company's acquisition of a 100% stake in NOPL and are not related to any dispute or default. The change is not expected to have any material adverse impact on operations.
- · The new work order is awarded by NOPL Solar Projects Private Limited, which is a wholly-owned subsidiary of Vikran Engineering Limited, making this a related party transaction, though the company states it is on an arm's length basis.
- · The execution timeline for the new work order is 12 months.
- · The cancellation of the earlier order is described as mutual and solely due to corporate restructuring following the acquisition, with no dispute, default, or performance issues.
- · The earlier work order from Onix Renewable Limited was accepted on 23rd December 2025.
27-06-2026
Global Infratech & Finance Ltd announced the results of a postal ballot approved by shareholders at a Board Meeting on May 26, 2026. Shareholders approved borrowing limits, loan/guarantee limits, and investment/loan/guarantee/security limits, each up to ₹50.00 Crore under Sections 180(1)(c), 185, and 186 of the Companies Act, 2013. No negative or flat metrics are present in this filing.
- · The postal ballot results were announced following a Board Meeting held on May 26, 2026.
- · All three resolutions were approved by the members of the company.
- · The filing is made under Regulation 30 of SEBI LODR Regulations, 2015.
27-06-2026
Global Infratech & Finance Ltd received the Scrutinizer Report confirming that all three special resolutions proposed in the Postal Ballot Notice dated May 26, 2026 were passed with 100% valid votes in favor. The resolutions approved borrowing limits, loans/guarantees/security, and investment/loan/guarantee/security limits up to ₹50.00 Crore each under Sections 180(1)(c), 185, and 186 of the Companies Act, 2013.
- · No physical ballots were received from any members.
- · The e-voting period ran from May 28, 2026 to June 26, 2026.
- · Cut-off date for entitlement to vote was May 22, 2026.
- · All three resolutions were passed as special resolutions with 100% valid votes in favor.
27-06-2026
Global Infratech & Finance Ltd announced the results of its postal ballot, where all three special resolutions were passed with overwhelming support. The resolutions approved borrowing limits, granting of loans/guarantees, and investment limits, each up to ₹50 Crore. While promoter and promoter group voted unanimously in favor, public shareholder participation was extremely low at 0.03% of their shares, with 10% of those votes cast against each resolution.
- · Voting period: May 28, 2026 to June 26, 2026
- · Record date shareholders: 5,969
- · No shareholders attended via video conferencing (both promoter and public categories)
- · Public institutional holders (145 shares) did not vote at all
- · All three resolutions were special resolutions and passed with 100% votes in favour on polled votes
27-06-2026
Aurobindo Pharma announced that the US FDA conducted an inspection at its wholly owned subsidiary, Auroactive Pharma Private Limited (API and formulation intermediates facility in Andhra Pradesh), from June 22 to June 26, 2026. The inspection concluded with 2 observations, which the company will respond to within the stipulated time, and the company reaffirmed its commitment to quality standards. The company has stated that there is no financial or operational impact from this action.
- · Inspection conducted from June 22, 2026, to June 26, 2026.
- · Facility location: Sy Nos 231, 285 to 291, Sancham Village, Ranasthalam Mandal, Srikakulam District, Andhra Pradesh.
- · The observation receipt date is June 26, 2026.
- · Company states no quantifiable impact on financials or operations.
27-06-2026
Annjana Dugar, Likhitta Dugar, and Antariksh Dugar (Acquirers), together with Padam Dugar (PAC), have announced a mandatory open offer to acquire up to 6,54,966 equity shares (26% of voting capital) of Colinz Laboratories Ltd at ₹54 per share, aggregating ₹3,53,68,164. The offer follows a Share Purchase Agreement dated June 18, 2026, to acquire 8,70,500 shares (34.56% of voting capital) from Vijaya Mani at ₹50 per share, which will increase the Acquirers' stake to 37.02%. The transaction involves a change in control, with the Seller ceasing to be a promoter and the Acquirers becoming the new promoters.
- · The open offer is mandatory under SEBI (SAST) Regulations, 2011, triggered by the SPA.
- · The SPA was executed on June 18, 2026, and the Detailed Public Statement was published on June 25, 2026.
- · The Seller, Vijaya Mani, inherited 8,57,750 shares (34.45%) from Late Dr. Mani L.S. on December 11, 2025.
- · Post-closing, the Seller will be reclassified from promoter to public category.
- · The Target Company is a pharmaceutical company incorporated in 1986, with products in gynaecology, cardiology, and gastro disorders.
27-06-2026
K.P.R. Mill Limited has submitted its Annual Report for FY2025-26 and notice for the 23rd Annual General Meeting (AGM) to be held on July 29, 2026 via video conferencing. The AGM will consider adoption of financial statements, declaration of dividend, re-appointment of director C.R. Anandakrishnan, and ratification of cost auditor remuneration. The record date for dividend entitlement is July 20, 2026.
- · The AGM will be held on July 29, 2026 at 2:30 PM IST via VC/OAVM; no physical attendance or proxies allowed.
- · Record date for dividend entitlement is July 20, 2026.
- · Remote e-voting period: July 26, 2026 (9:00 AM) to July 28, 2026 (5:00 PM).
- · During FY2025-26, unclaimed dividend of ₹27,656.25 (final dividend 2017-18) and 5,585 shares of 9 shareholders were transferred to IEPF.
- · Cost auditor remuneration of ₹50,000 (plus GST) for FY2026-27 is proposed for ratification.
27-06-2026
Aspect Global Ventures Private Limited has launched a mandatory open offer to acquire up to 25,62,872 equity shares (26% of voting capital) of Duke Offshore Limited at ₹30 per share, aggregating ₹7,68,86,160. The offer opens on August 4, 2026 and closes on August 17, 2026, and is not conditional on any minimum acceptance level. The offer is triggered by a substantial acquisition of shares and change in control under SEBI (SAST) Regulations.
- · The offer is mandatory under Regulations 3(1) and 4 of SEBI (SAST) Regulations for substantial acquisition and change in control.
- · The offer is not conditional upon any minimum level of acceptance.
- · No competing offer exists as of the date of the Draft Letter of Offer.
- · The Identified Date for determining eligible shareholders is July 21, 2026.
- · The Acquirer reserves the right to revise the offer price and/or size upward before July 31, 2026.
- · The Acquirer may withdraw the offer if statutory approvals are finally refused or if conditions in the acquisition agreement are not met (subject to specific disclosure).
- · The marketable lot of Duke Offshore equity shares is 1 share.
27-06-2026
Glittek Granites Ltd. announced the reclassification of its former promoters (the Agarwal family and Kosen Ventures) from 'Promoter/Promoter Group' to 'Public' category, effective June 26, 2026, following a change in control. The new acquirers (the Thanki family and Rawmin Mining) now hold 70.59% of the equity and have taken over management. The reclassification is a procedural step after the completion of an open offer under SEBI takeover regulations.
- · The share purchase agreement (SPA) was dated January 6, 2025.
- · The open offer was completed and a post-offer advertisement was submitted to the exchange on June 16, 2026.
- · The change in control became effective on June 26, 2026.
- · Ashoke Agarwal individually held 6,65,888 shares (2.57%) and was reclassified from Promoter to Public.
- · Kosen Ventures Private Limited held 1,29,75,000 shares (49.98%) and was reclassified from Promoter Group to Public.
- · The new promoter group includes Rawmin Mining And Industries Private Limited (no share count disclosed, classified as Promoter Group).
27-06-2026
27-06-2026
Advani Hotels & Resorts (India) Limited has filed a formal complaint with SEBI against Simply Wall Street Pty Ltd (SWS) for alleged violations of SEBI Research Analyst Regulations, including publishing factually inaccurate and misleading research reports about the company without proper registration. The complaint highlights multiple instances of incorrect data on SWS's dashboard, such as misstating dividend volatility, CEO compensation, and valuation metrics, which the company argues could mislead retail investors and distort market integrity.
- · SWS's dashboard claimed the company's cash flow value is only INR 20.39 per share, implying a 164.2% overvaluation, while two SEBI-registered valuers have published detailed valuations in the public domain on June 12, 2026 and May 26, 2026.
- · SWS's implied market capitalization of INR 188,48,00,000 is 56% lower than the value of the company's freehold land alone.
- · SWS incorrectly stated a 20% increase in CEO compensation and a 20% decrease in earnings; actual CEO remuneration remained unchanged at INR 1,44,90,000 year-on-year.
- · CEO voluntarily forewent approximately INR 30,03,000 in remuneration effective April 1, 2020, and declined approved 10% increments in multiple years.
- · SWS's article dated January 20, 2026 used an unsupported 25% industry growth rate, while actual peer average revenue growth is approximately 14% and guidance ranges from 9% to 14%.
- · SWS acknowledged incorrect information in the CEO pay article and changed its title but refused to remove the article.
- · The company previously emailed SWS on December 12, 2025 and May 20, 2023 about inaccuracies, but SWS continued to display false data.
27-06-2026
K.P.R. Mill Limited has submitted its Annual Report for FY2025-26 and notice of the 23rd Annual General Meeting (AGM) to be held on July 29, 2026 via video conferencing. The AGM will consider adoption of audited financial statements, declaration of dividend, re-appointment of director C.R. Anandakrishnan, and ratification of cost auditor remuneration. The record date for dividend entitlement is July 20, 2026, and the company transferred unclaimed dividends of ₹27,656.25 and 5,585 shares to IEPF during the year.
- · 23rd AGM scheduled for July 29, 2026 at 2:30 PM IST via VC/OAVM; no physical attendance or proxy facility.
- · Record date for dividend: July 20, 2026.
- · Remote e-voting period: July 26, 2026 (9:00 AM) to July 28, 2026 (5:00 PM).
- · Cost auditor remuneration of ₹50,000 (plus GST) proposed for FY2026-27.
- · Unclaimed dividend of ₹27,656.25 (final dividend 2017-2018) and 5,585 shares of 9 shareholders transferred to IEPF.
27-06-2026
Karur Vysya Bank Limited has informed the stock exchanges that a meeting of the Board of Directors will be held on July 20, 2026, to consider and approve the unaudited financial results for the quarter ending June 30, 2026. This is a routine regulatory intimation under SEBI Listing Regulations and does not contain any financial performance data.
- · Board meeting scheduled for July 20, 2026
- · Agenda includes approval of unaudited financial results for quarter ending June 30, 2026
- · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015
27-06-2026
CARE Ratings reaffirmed KEI Industries' long-term bank facilities at 'CARE AA+; Stable' and short-term bank facilities/commercial paper at 'CARE A1+'. The rating action is based on the company's audited FY26 performance and reaffirms its strong credit profile.
- · Long-term rating: CARE AA+; Stable (high degree of safety, very low credit risk).
- · Short-term rating: CARE A1+ (lowest credit risk).
- · CP issue must be placed by August 25, 2026, or rating needs revalidation.
- · Rating is valid for the tenure of the instrument until redemption once placed.
- · Surveillance/review at least once a year.
27-06-2026
Mr. Maninder Singh, part of the promoter group of GNA Axles Limited, sold 1,135,767 equity shares (2.65% of total voting capital) through market sales between June 18 and June 24, 2026. Post-sale, his holding decreased from 10.60% to 7.95% of the company's voting capital.
- · Sale executed on market between June 18 and June 24, 2026.
- · Total equity share capital of the company is 429,308,000 shares.
- · Mr. Maninder Singh's PAN: ABOPS6803J.
27-06-2026
Glittek Granites Ltd. announced a comprehensive board and management overhaul at its June 25, 2026 board meeting, including the appointment of six new directors (three executive and three independent) and a new CFO, while accepting the resignations of six outgoing directors and the former CFO. The company also approved a name change to one of three proposed names (e.g., 'Rawmin Neo Elements Limited'), shifting its registered office from Karnataka to Maharashtra, and altering its main objects clause to align with new business plans in mining, critical minerals, and clean energy. These changes follow a change in control via a completed open offer, signaling a strategic pivot away from the granite business.
- · The board meeting lasted from 01:15 PM to 03:45 PM IST on June 25, 2026.
- · All new director appointments are subject to shareholder approval and other regulatory approvals.
- · The company will convene an Extra-Ordinary General Meeting (EGM) via VC/OAVM to seek shareholder approval for the name change, object clause alteration, and registered office shift.
- · The resignations of all outgoing directors and CFO were accepted effective close of business on June 25, 2026.
- · The change in management and controlling shareholders follows the completion of an open offer process by the acquirers, with specific details to be intimated later.
- · The new directors are not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
27-06-2026
Glittek Granites Ltd. announced a major board reshuffle at its June 25, 2026 meeting, appointing six new directors and a new CFO, while accepting resignations of five directors and the CFO. The company also plans to change its name to one of several 'Rawmin' options, shift its registered office from Karnataka to Maharashtra, and alter its main objects clause, subject to shareholder and regulatory approvals. These changes follow a completed open offer process that resulted in a change of control.
- · The board meeting commenced at 01:15 PM IST and concluded at 03:45 PM IST on June 25, 2026.
- · All appointments are subject to shareholder approval; resignations were effective from close of business on June 25, 2026.
- · The company will convene an Extra-Ordinary General Meeting (EGM) via VC/OAVM and/or postal ballot to seek shareholder approvals for name change, office shift, and object clause alteration.
- · The new KMPs authorized for disclosures under Regulation 30(5) are Bhargav Girjashankar Thanki (Managing Director) and Gautam Thanki (CFO).
- · The company confirmed that none of the newly appointed directors are debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
27-06-2026
Glittek Granites Ltd. held a board meeting on June 25, 2026, approving a sweeping leadership overhaul: six new directors (including three executive directors from the Thanki family and three independent directors) and a new CFO were appointed, while six previous directors and the former CFO resigned. The board also approved changing the company's name from 'Glittek Granites Limited' to one of three proposed names (e.g., 'Rawmin Neo Elements Limited'), shifting its registered office from Karnataka to Maharashtra, and altering the main objects clause to align with new business activities. These changes follow a completed open offer process that resulted in a change of controlling shareholders and promoter group, signaling a strategic pivot away from granite toward mining, minerals, and clean energy.
- · The board meeting commenced at 01:15 PM IST and concluded at 03:45 PM IST on June 25, 2026.
- · All new director appointments are subject to shareholder approval and other regulatory approvals.
- · The company will convene an Extra-Ordinary General Meeting (EGM) via video conferencing/other audio-visual means and/or postal ballot to seek shareholder approval on the name change, office shift, and object clause alteration.
- · The resignations of all six former directors and the former CFO were accepted effective close of business hours on June 25, 2026.
- · The new CFO, Gautam Thanki, and Managing Director, Bhargav Thanki, are designated as the KMPs authorized for material event disclosures under Regulation 30(5) of SEBI LODR Regulations.
- · The company confirmed that none of the newly appointed directors are debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
27-06-2026
Sterling Tools Limited announced that the special resolution for the appointment of Mr. Anish Agarwal as Whole Time Director and payment of remuneration was passed by shareholders via postal ballot with 99.98% votes in favour. The resolution received overwhelming support from promoters (100%) and institutions (100%), while non-institutional shareholders showed 98.61% approval with a small 1.39% dissent. Total voter turnout was 65.90% of outstanding shares.
- · The postal ballot e-voting period ended on 26th June 2026 at 5:00 PM IST.
- · Record date shareholders: 39,654.
- · Promoter group held 23,573,478 shares and voted 100% in favour.
- · Institutions (Public-Institutions) held 81,055 shares; only 31,749 voted (39.17% turnout), all in favour.
- · Non-institutions (Public-Non Institutions) held 12,689,893 shares; only 345,200 voted (2.72% turnout), with 340,396 in favour and 4,804 against.
- · Overall voter turnout was 65.90% of total outstanding shares (36,344,426).
- · The resolution was a special resolution (not ordinary).
- · The scrutinizer's report is available on the company's website.
27-06-2026
Sterling Tools Limited announced that the special resolution to appoint Mr. Anish Agarwal as Whole Time Director and approve his remuneration was passed by shareholders with 99.98% of votes polled in favor. The resolution received overwhelming support from promoters (100% in favor) and public institutions (100% in favor), while public non-institutions showed 98.61% in favor with a small 1.39% dissent. Total voter turnout was 65.90% of outstanding shares, with 23,950,627 votes cast in favor out of 23,950,427 polled.
- · The resolution was a special resolution, indicating it required a higher majority than ordinary resolutions.
- · Promoter and promoter group hold 23,573,478 shares, representing 64.86% of total outstanding shares (36,344,426).
- · Public non-institutions represent 12,689,893 shares (34.91% of outstanding), but only 2.72% of those shares were voted.
- · Public institutions hold only 81,055 shares (0.22% of outstanding), but 39.17% of those shares were voted.
- · The e-voting period ended on 26th June 2026 at 5:00 PM IST.
- · The scrutinizer's report and voting results are available on the company's website.
27-06-2026
Steelman Telecom Limited informed the BSE that its Board meeting scheduled for June 29, 2026, has been cancelled due to unavoidable reasons. The meeting was originally called under Regulation 29 of SEBI (LODR) Regulations, 2015, and the cancellation was communicated via a filing on June 27, 2026.
- · The original board meeting was scheduled under Regulation 29 of SEBI (LODR) Regulations, 2015.
- · The cancellation is due to unavoidable reasons, but no further details were provided.
- · The company was formerly known as Steelman Telecom Private Limited.
27-06-2026
Patel Integrated Logistics Limited has increased its buyback price from ₹18 to ₹20 per equity share, while reducing the maximum number of shares to be bought back from 60,00,000 to 54,00,000 (representing up to 7.76% of total paid-up equity capital). The aggregate buyback amount remains capped at ₹10,80,00,000 (₹10.80 Crore).
- · The buyback will be conducted through the tender offer route on a proportionate basis.
- · The addendum to the Public Announcement will be published in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi).
- · The addendum will be available on the company's website, the manager's website, stock exchange websites, and SEBI's website during the buyback period.
- · The buyback committee approved the changes at its meeting held on June 27, 2026.
27-06-2026
Royal Sense Limited announced the resignation of Ms. Prachi Agnihotri as Company Secretary and Compliance Officer, effective from the close of business hours on June 27, 2026, due to personal reasons. The resignation has been accepted by the management, and she has been relieved from her duties.
- · Ms. Prachi Agnihotri holds ICSI Membership No. ACS: 79893.
- · The resignation letter cites personal reasons and a desire to pursue opportunities aligned with long-term career aspirations and personal commitments.
- · The company's scrip code is 544143 and BSE symbol is ROYAL.
27-06-2026
Solitaire Machine Tools Ltd held its 34th Annual General Meeting (AGM) on June 27, 2026, via video conferencing, in compliance with applicable regulations. The meeting transacted the business outlined in the AGM notice dated May 9, 2026, and the proceedings are available on the company's website. No financial results, operational metrics, or period-over-period comparisons were disclosed in this filing.
- · AGM was the 34th Annual General Meeting of the company.
- · AGM was held through Video Conferencing / Other Audio Visual Means.
- · AGM notice was dated May 9, 2026.
- · Proceedings are available on the company website: www.smtgrinders.com.
- · Company Secretary & Compliance Officer is Reshma Kiri (ACS - 54902).
- · Company CIN: L28932GJ1967PLC143293.
- · Registered office: A-24/25, Krishna Industrial Estate, Near B.I.D.C., Gorwa, Vadodara – 390 016, Gujarat, India.
27-06-2026
Beaufield Holdings Limited, a promoter group entity of Jindal Steel Limited, released a pledge on 1,700,000 shares (0.17% of total capital) on June 17, 2026. The pledge was with Deutsche Bank A.G., Singapore Branch for securing borrowings. Post-release, Beaufield's encumbered shares reduced to 1,791,350 (0.18% of total capital).
- · Beaufield Holdings Limited holds 5,991,720 shares (0.59% of total capital) in Jindal Steel.
- · Pre-release, Beaufield had 3,491,350 shares encumbered (0.34% of total capital).
- · Post-release, encumbered shares reduced to 1,791,350 (0.18% of total capital).
- · The pledge was created on June 17, 2026, and released on the same date.
- · Reason for encumbrance: securing borrowings.
- · Lender: Deutsche Bank A.G., Singapore Branch; Trustee: N-A.
27-06-2026
We Win Limited has filed an intimation under Regulation 57(4) of SEBI (LODR) Regulations, 2015, confirming that no interest, dividend, or principal obligations on non-convertible securities are payable during the upcoming quarter. The market update simply communicates the absence of any such payment events for the period.
- · Filing made under Regulation 57(4) of SEBI (LODR) Regulations, 2015.
- · The company has no non-convertible securities obligations (interest, dividend, or principal) due during the quarter.
27-06-2026
ABB India Limited announced the appointment of Mr. Hemanth Kumar as Local Division Manager – Motion (MOTR) and Senior Management Personnel, effective July 1, 2026. The appointment was approved by the Board on June 27, 2026, based on the recommendation of the Nomination and Remuneration Committee. No financial or operational metrics were disclosed.
- · Mr. Hemanth Kumar has over two decades of experience in Sales and Marketing, including leadership roles within ABB India and international assignments.
- · He currently serves as Sales & Marketing Director – Traction Division, ABB India Limited.
- · Mr. Hemanth Kumar is not related to any Directors and Key Managerial Personnel of the Company.
27-06-2026
APL Apollo Tubes Limited's board approved the disinvestment of its entire shareholding in wholly owned subsidiary Blue Ocean Projects Private Limited (BOPPL) to SG Realtor Private Limited for a total consideration of ₹160 crore. BOPPL is a real estate holding entity that contributed only 0.06% of consolidated turnover and 2.63% of consolidated net worth, making this a marginal non-core asset sale. The buyer is a related party (promoters and immediate relatives hold >20% equity), though the company asserts the transaction is at arm's length based on an independent valuation.
- · The buyer SG Realtor Private Limited is a related party – the promoters of APL Apollo Tubes together with their immediate relatives hold >20% of the buyer's equity.
- · The transaction is expected to be completed by December 31, 2026, with the share sale/purchase agreement to be entered into on or before that date.
- · The consideration of ₹160 crore is based on a valuation report obtained from a reputed Independent Registered Valuer.
27-06-2026
Equilibrated Venture Cflow Pvt. Ltd., a promoter group entity of Paisalo Digital Limited, filed a disclosure under SEBI Takeover Regulations regarding the release of pledged shares held by various promoters and PACs. The filing details multiple pledge releases and creations across several entities, including a significant release of 6,42,06,000 shares (7.06% of total share capital) by Equilibrated Venture Cflow Pvt. Ltd. on June 10, 2026, for onward payment for conversion of equity warrants, with a small residual pledge of 74,000 shares (0.01%). Overall, the promoter group's total encumbered shares decreased from 33.06% of promoter shareholding to a lower level post-release, though multiple new pledges were also created during the period.
- · The filing includes 30 separate encumbrance events (creations and releases) with dates ranging from March 11, 2022 to June 12, 2026.
- · Multiple pledge releases occurred on June 10, 2026, including releases from Cholamandalam Investment and Finance Company Limited, IIFL Finance Ltd., Bhansali Fincom (P) Ltd., and Infosoft Global (P) Ltd.
- · New pledges were created on various dates in May and June 2026, including pledges to Bajaj Financial Securities Limited and IIFL Capital Services Ltd.
- · The release of pledge by Equilibrated Venture Cflow Pvt. Ltd. was for the purpose of onward payment for conversion of equity warrants.
- · Post-event, the promoter group's encumbered shares as a percentage of total share capital reduced from 7.06% to 0.01% for Equilibrated Venture Cflow Pvt. Ltd.
27-06-2026
T. Spiritual World Ltd. has informed the stock exchanges that a Board Meeting will be held on July 6, 2026, to consider and approve the 40th Annual General Meeting (AGM) details, including the date, notice, and reports for FY ended March 31, 2026. The meeting will also fix the book closure, cut-off date, and appoint a scrutinizer for e-voting. No financial results or operational updates are included in this filing.
- · Board meeting scheduled for July 6, 2026 at 4:00 PM at the registered office in Kolkata.
- · Agenda includes approval of Board Report, Corporate Governance Report, and Management Discussion and Analysis Report for FY ended March 31, 2026.
- · Book closure and cut-off date for the 40th AGM will be fixed.
- · Scrutinizer for e-voting process will be appointed.
27-06-2026
Digjam Ltd announced that the National Company Law Tribunal (NCLT), Chennai Bench, has admitted the joint application for the proposed demerger of Reid & Taylor International Private Limited (Demerged Company) into Digjam Ltd (Resulting Company) under Sections 230-232 of the Companies Act, 2013. The NCLT order, pronounced on June 19, 2026, and received on June 26, 2026, is procedural in nature, directing meetings of unsecured creditors of the Demerged Company and equity shareholders of the Resulting Company, along with other statutory formalities. The scheme aims to consolidate the textile businesses of both entities under one company to achieve operational synergies, cost savings, and enhanced profitability, but remains subject to shareholder, creditor, and final NCLT approval.
- · The NCLT order was pronounced on June 19, 2026, and received by the company on June 26, 2026.
- · The Demerged Company (Reid & Taylor International Pvt Ltd) has 4 equity shareholders, 1 secured creditor, and 671 unsecured creditors as of the relevant dates.
- · 100% of equity shareholders and the sole secured creditor of the Demerged Company have provided consent by affidavit, seeking to dispense with meetings.
- · The Resulting Company (Digjam Ltd) has an authorised equity share capital of ₹1,00,05,00,000 (10,00,50,000 shares of ₹10 each) and preference share capital of ₹27,00,00,000 (27,00,000 preference shares of ₹100 each) as on 31.03.2024.
- · The Board of Directors of both companies approved the scheme on July 8, 2025.
- · The scheme is subject to approval of shareholders, creditors, and final sanction of the NCLT.
27-06-2026
APL Apollo Tubes Limited's Board approved the disinvestment of its entire shareholding in wholly owned subsidiary Blue Ocean Projects Private Limited to SG Realtor Private Limited, a related party, for an aggregate consideration of ₹160 crore. The subsidiary contributed only 0.06% of consolidated turnover and 2.63% of net worth in FY2026, making the transaction immaterial to the parent's operations. The transaction is a related-party deal at arm's length, expected to close by December 31, 2026.
- · The Board meeting commenced at 11:49 AM and concluded at 12:01 PM on June 27, 2026.
- · The Audit Committee recommended the transaction.
- · The buyer, SG Realtor Private Limited, is a related party because the promoters of APL Apollo Tubes, together with their immediate relatives, hold more than 20% of the buyer's equity share capital.
- · The consideration was determined based on a valuation report from an independent registered valuer.
- · The share sale/purchase agreement will be entered into on or before December 31, 2026.
27-06-2026
Digjam Ltd has received the National Company Law Tribunal (NCLT) order dated June 19, 2026, admitting the joint application for the proposed Scheme of Arrangement (demerger) between Reid & Taylor International Private Limited (Demerged Company) and Digjam Ltd (Resulting Company). The order is procedural, directing meetings of unsecured creditors of the Demerged Company and equity shareholders of the Resulting Company, along with other statutory formalities. The scheme aims to consolidate the textile businesses of both entities under Digjam Ltd to achieve operational synergies, cost savings, and enhanced long-term shareholder value.
- · The NCLT order was pronounced on June 19, 2026, and received by the company on June 26, 2026.
- · The Demerged Company (Reid & Taylor) has 4 equity shareholders (100% consent obtained), 1 secured creditor (100% consent obtained), and 671 unsecured creditors.
- · The Resulting Company (Digjam) has an authorised share capital of ₹1,00,05,00,000 (10,00,50,000 equity shares of ₹10 each and 27,00,000 preference shares of ₹100 each) as on 31.03.2024.
- · The scheme was approved by the Board of Directors of both companies on July 8, 2025.
- · The Demerged Company's main objects include textiles, chemicals, metals, and explosives; the Resulting Company's main objects focus on textile processing and manufacturing.
- · The scheme is subject to approval of shareholders, creditors, and final sanction of the NCLT.
27-06-2026
Swan Corp Limited promoter Swan Engitech Works Private Limited has created a pledge of 45,00,000 shares (1.43% of total share capital) on June 24, 2026, as security for a financial facility obtained from National Bank for Financing Infrastructure and Development (NaBFID), with IDBI Trusteeship Services Limited as the pledgee. The total encumbered shares for Swan Engitech now stand at 1,80,00,000 (5.74%), while other promoters Dave Impex Private Limited and Swan Realtors Private Limited already have 6.03% and 9.57% of shares encumbered, respectively. The encumbrance remains within the prescribed threshold limits.
27-06-2026
Ekennis Software Service Limited announced the resignation of Independent Director Ms. Urvashi Upadhya, effective June 27, 2026, citing personal commitments and health concerns. The company confirmed there are no other material reasons for her departure beyond those stated in her resignation letter.
- · Ms. Urvashi Upadhya's resignation was initially disclosed on May 28, 2026, and became effective on June 27, 2026.
- · The resignation letter confirms no other material reasons beyond personal commitments and health issues.
- · The company is required to file requisite forms with the Registrar of Companies (ROC) to remove her name from the board records.
27-06-2026
Godawari Power and Ispat Limited held an Extra-Ordinary General Meeting (EGM) on June 27, 2026, where shareholders approved four special resolutions: a loan of ₹150.00 Crore to subsidiary Godawari Education and Research Foundation (GERF) under Section 185 of the Companies Act, and revisions in remuneration for three Whole-Time Directors (Mr. Dinesh Agrawal, Mr. Siddharth Agrawal, and Mr. Abhishek Agrawal). The meeting was conducted via video conferencing and concluded in 43 minutes. No financial performance data or period-over-period comparisons were provided in this filing.
- · Remote e-voting was open from 09:00 AM IST on June 24, 2026 to 5:00 PM IST on June 26, 2026, with an additional 15-minute e-voting window after agenda discussion during the EGM.
- · The meeting was chaired by Mr. Bajrang Lal Agrawal, but he recused himself from Agenda Items 3 and 4 (his own remuneration revisions), and Mr. Vinod Pillai chaired those items.
- · The EGM concluded at 12:13 PM IST, lasting 43 minutes.
27-06-2026
J. K. Investors (Bombay) Limited, a promoter of Raymond Lifestyle Limited, has created a pledge on 35,32,892 shares (5.80% of total share capital) on June 22, 2026, in favor of Bajaj Finance Limited as collateral for loans taken by the Company/Group Companies. Post this event, the total promoter encumbered shares stand at 86,21,568 shares (14.15% of total share capital). No other promoter entities reported any encumbrance changes.
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