Latest Announcements

Kishore Kumar Bansal, a promoter of Sarthak Metals Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates the disclosure of details concerning encumbrances (such as pledges or liens) on shares held by promoters. The specific nature of the change in encumbrance (creation or release) is not detailed in this announcement.

Pilani Investment and Industries Corporation Limited has disclosed a dispute regarding its promoter group. The company's current promoters do not recognize The Punjab Produce & Trading Company Private Limited and its associates as part of the promoter group, despite their recent disclosure under SEBI Takeover Regulations. This situation indicates a disagreement over control, with a discrepancy between the declared promoter holding by the claiming group (58.68%) and the shareholding attributed to The Punjab Produce & Trading Co. by Pilani (25.16%), signaling potential future conflict or regulatory scrutiny.

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.

Knowledge Marine & Engineering Works Limited announced that its Whole-time Director, CFO, and Promoter, Kanak Kewalramani, sold 3,45,620 equity shares worth approximately Rs. 67.83 Crores. Additionally, Dinesh Kewalramani, Chief Operational Officer and part of the Promoter Group, sold 1,67,200 shares valued at about Rs. 32.80 Crores. These sales, executed on June 19, 2026, in the open market, cumulatively represent a significant reduction in promoter/KMP holding and were disclosed as per SEBI Insider Trading Regulations. The transactions decreased Kanak Kewalramani's stake from 29.22% to 27.81% and Dinesh Kewalramani's from 3.35% to 2.66%.