Latest Announcements

Kirloskar Pneumatic Company Ltd has announced its board meeting outcome, approving the acquisition of 99.49% of total voting power of Kirloskar South-East Asia Company Limited. The acquisition is valued at Rs. 5 Crores and aims to expand the company's presence in the South-East Asian region. The company has also released unaudited standalone financial results for the quarter ended June 30, 2026, with revenue from operations at Rs. 3,003 million.

Indo Borax & Chemicals Ltd has shifted its Registered Office address from 302, 3rd Floor Link Rose Building, Linking Road, Santacruz (West), Mumbai - 400054, India to 506, Tulsiani Chambers, 5th Floor, Nariman Point, Mumbai - 400021, India. The company has also approved a Scheme of Amalgamation of its Wholly owned Subsidiary, Indo Borax Infrastructure Private Limited, with the company, subject to necessary statutory and regulatory approvals.

Indo Borax & Chemicals Ltd has approved a Scheme of Amalgamation with its wholly-owned subsidiary IndoBorax Infrastructure Private Ltd, subject to regulatory approvals.

Zaggle Prepaid Ocean Services Ltd has approved the investment of up to Rs. 7.97 Crores in Unobanc Private Limited, a wholly owned subsidiary of Hop Financial Solutions Limited, to strengthen its cross-border payments and remittances business.

Indo Borax & Chemicals Ltd. has announced the outcome of its Board of Directors meeting, where it considered and approved the shifting of its Registered Office and a Scheme of Amalgamation of its Wholly owned Subsidiary with the Company. The Scheme is subject to necessary statutory and regulatory approvals.

Sangam India Ltd has scheduled an Extra-Ordinary General Meeting (EGM) on August 12, 2026, to consider the issue of warrants convertible into equity shares to promoters and promoter group entities on a preferential basis.

Anant Raj Ltd has completed the acquisition of 37,43,22,553 fully paid-up equity shares of Ashok Cloud Private Limited, a wholly owned subsidiary of the Company, for Rs. 74,86,45,106.

Lupin Ltd's wholly owned subsidiary, Lupin Inc. U.S.A., has entered into a licensing agreement with Kaveri Therapeutics, Inc. U.S.A. to grant exclusive perpetual license for two oncology programs, LNP7457 (PRMT5) and LNP8701 (SOS1), in exchange for an 82.2% equity stake in Kaveri.

Sigma Advanced Systems Ltd released its Corporate Presentation for June 2026, detailing its transformation into a Tier 1 global Aerospace & Defense player. The company reported strong Q4 FY26 financials with ₹413 Cr revenue, 32% PBT, and 31% PAT. Strategic acquisitions of Nasmyth (Oct 2025) and Export Bridge (Apr 2026) have expanded its capabilities, global market access, and unlocked work transfer to India. The presentation highlights a 90%+ international orderbook extending up to 8 years, strong R&D, and an integrated value chain across defense products, sub-systems, and aerospace components.

Purple Finance Ltd announced that its Committee of Independent Directors (IDC) has provided their reasoned recommendations concerning an open offer. The open offer, made by Allied Commodities Private Limited and Mr. Sandeep Jindal along with their Persons Acting in Concert (PACs), aims to acquire up to 26% of Purple Finance Ltd's equity shares at INR 55 per share. The IDC's recommendations were submitted following a review of the public announcement and letter of offer, in compliance with SEBI SAST Regulations.

REC Ltd has announced that its Board of Directors will convene on June 28, 2026, to consider and potentially approve a scheme of merger with Power Finance Corporation Limited (PFC) and their respective shareholders and creditors. This move signals a significant consolidation event involving two key government-owned entities in the power financing sector. The company also informed that the trading window for its securities remains closed.

Rashi Peripherals Ltd announced the acquisition of a 67% strategic stake in VDA Infosolutions Private Limited for a cash consideration of INR 3.68 billion. VDA Infosolutions, an IT solutions and services company with FY26 revenue of INR 8.5 billion, is consistently profitable. This acquisition aims to expand Rashi Peripherals into the fast-growing enterprise technology and digital infrastructure solutions market, transforming it into a fully integrated technology solutions and services enterprise and capitalizing on demand for cloud, cybersecurity, and data center solutions.

Power Finance Corporation Ltd (PFC) has announced that its Board of Directors will convene a meeting on June 28, 2026. The primary agenda for this meeting is to consider and approve a scheme of merger between Power Finance Corporation Limited and REC Limited. This significant corporate action will be subject to the provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws and guidelines. The trading window for dealing in PFC securities remains closed in anticipation of this material event.

Indo Thai Securities Ltd (ITSL) has announced a meeting for its unsecured creditors on July 24, 2026, convened under the directions of the National Company Law Tribunal (NCLT). The purpose of the meeting is to seek approval for a proposed Scheme of Arrangement between ITSL and Indo Thai Financial Services Limited (ITFSL), along with their respective shareholders, as per Sections 230 to 232 of the Companies Act, 2013. This specific communication details the process of informing creditors whose email addresses are not registered with the company, providing them a web-link to the meeting notice and annexures.

Indo Thai Securities Ltd (ITSL) has informed shareholders about a meeting scheduled for July 24, 2026, to consider and approve a proposed Scheme of Arrangement between ITSL and Indo Thai Financial Services Limited (ITFSL) and their respective shareholders. This meeting is being held as per the directions of the National Company Law Tribunal, Indore Bench. The company has sent web-links to shareholders whose email addresses are not registered, providing access to the meeting notice and annexures.

Novartis India Ltd announced an update on the open offer by WaveRise Investments Limited and other acquirers to acquire up to 26% of the company's voting share capital. As of June 23, 2026, a negligible number of shares (NIL in demat and 112 in physical form) have been tendered, representing 0.00% of the offer size. This indicates very low participation from public shareholders in the ongoing offer.

Rashi Peripherals Ltd's Board has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space, with a provisional turnover of INR 850 Crores for FY26. This acquisition is expected to complement Rashi Peripherals' core IT products distribution business and offer strategic forward integration. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as Statutory Auditors for a second five-year term.

Kitex Garments Ltd has published newspaper advertisements for notices convening meetings of its equity shareholders and unsecured creditors. These meetings are a procedural step in relation to a Scheme of Arrangement between Kitex Childrenswear Limited, Kitex Garments Limited, and their respective shareholders and creditors. This action is mandated by an order from the Hon'ble National Company Law Tribunal, Kochi Bench, indicating progress on a significant corporate restructuring or merger initiative.

Rashi Peripherals Ltd announced its decision to acquire a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions sector, including cloud, cybersecurity, and data protection. This acquisition is strategic for Rashi Peripherals, complementing its core IT product distribution business and facilitating forward integration into the enterprise technology space. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Callista Industries Ltd's board approved the preferential allotment of 6.5 lakh equity shares for ₹65 lakhs and 12 lakh convertible warrants (initial receipt of ₹30 lakhs) to raise capital. This increases the paid-up capital to ₹4.69 crore. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Ltd, which will become a wholly-owned subsidiary. Callista Industries also plans to invest ₹10.5 crore in Sadguru Flexibles for its working capital requirements, aligning with the objectives of the preferential issue.