Latest Announcements

Prabhatam Infra Venture Ltd has approved the allotment of 14,40,10,350 equity shares for consideration other than cash and 5,85,00,000 equity shares for cash on a preferential basis to various allottees, increasing the paid-up equity share capital to Rs. 22,15,38,850.

Minolta Finance Ltd has withdrawn the record date of June 30, 2026, for its proposed rights issue. The company cited unforeseen circumstances and pending procedural formalities with the depositories as reasons for the withdrawal. The previously fixed record date now stands cancelled, and the company will separately announce a revised record date and other terms for the rights issue in due course.

Eco Hotels And Resorts Ltd has issued another reminder to shareholders for the payment of outstanding First and Second Call Money, including 10% interest per annum on delayed payments. This pertains to partly paid-up equity shares issued through a Rights Issue and is a follow-up to multiple previous notices. Shareholders are requested to make payments by June 30, 2026, to fully realize the capital from the rights issue.

MSP Steel & Power Ltd will hold an Extra-Ordinary General Meeting (EGM) on July 14, 2026, to seek shareholder approval for varying the utilization of INR 73.50 crore from a preferential issue. Originally earmarked for unsecured debt repayment, these funds, derived from convertible warrants issued to a promoter group entity, are now proposed to be used for the company's working capital requirements. This signifies a shift in capital allocation priority from balance sheet strengthening to operational liquidity.

Indrayani Biotech Ltd has announced the indefinite postponement of its partly paid-up Rights Issue. The Rights Issue Committee, at its meeting on June 22, 2026, decided to defer the schedule until further notice, which was previously extended to close on July 24, 2026. While the revised opening and closing dates will be intimated later, the offer price and rights entitlement ratio approved earlier will remain unchanged.

Amalgamated Electricity Company Ltd's Board of Directors met to discuss a business revival plan and a preferential allotment of equity shares. Both the revival plan and the fundraise proposal, along with other key agenda items like increasing authorized share capital and changing the registered office, were deferred. The deferrals were attributed to the need for additional inputs, clarifications, and extended discussions. No approvals were granted for any of the proposed items, indicating a delay in the company's strategic and financial initiatives.

The Board of Amalgamated Electricity Company Ltd met on June 22, 2026, but deferred all significant agenda items. The crucial "Revival Business Plan" was postponed as the board required further critical inputs and clarifications from management for a comprehensive evaluation. Similarly, a proposal for fundraising via a preferential allotment of equity shares could not be approved and was deferred to a subsequent meeting. Other key items like increasing authorized share capital and changes to the Memorandum and Articles of Association were also put off, indicating a lack of preparedness and decisive action.