Latest Announcements

Grasim Industries Limited has successfully acquired an additional stake in its material listed subsidiary, Aditya Birla Capital Limited (ABCL), by participating in a preferential issue of equity shares. Grasim invested approximately Rs. 2,880 crore to purchase 8,08,94,331 equity shares at Rs. 356.02 per share. This transaction marginally increased Grasim's shareholding in ABCL from 52.27% to 52.30% on a fully diluted basis. The capital infusion is intended to meet ABCL's growth objectives, augment its capital base, fund its lending business, and for other general corporate purposes.

Grasim Industries Ltd has acquired an additional 8,08,94,331 equity shares in its material listed subsidiary, Aditya Birla Capital Limited (ABCL), by participating in ABCL's preferential issue. This investment amounts to approximately INR 2,880 crore (Rs. 28,79,99,99,722.62) at a price of Rs. 356.02 per share. Following this allotment, Grasim's shareholding in ABCL has marginally increased from 52.27% to 52.30%. The funds raised by ABCL are intended for its growth objectives, augmenting its capital base, and funding its lending business.

Mangal Credit and Fincorp Limited has successfully allotted 2,000 secured, listed, rated, taxable Non-Convertible Debentures (NCDs) on a private placement basis. This fundraise aggregates to INR 20 crore, with each NCD having a face value of INR 1,00,000 and issued at a discount. The NCDs carry an annual interest rate of 11.75%, payable monthly, and have a tenure of 27 months, maturing on September 23, 2028. The funds, secured by a charge on identified receivables, will enhance the company's financial resources for operational growth.

Mangal Credit and Fincorp Ltd has allotted 2,000 secured, listed, rated, taxable, redeemable Non-Convertible Debentures (NCDs) aggregating to INR 20 Crores on a private placement basis. Each NCD has a face value of INR 100,000 and was issued at a discount, carrying a coupon rate of 11.75% per annum payable monthly. The NCDs, maturing in September 2028, are secured by a first ranking charge on identified receivables at 1.20 times the principal outstanding. This fundraising initiative will enhance the company's capital base for lending and business operations.

Maruti Interior Products Ltd has announced a Board meeting on June 26, 2026, to consider and approve the allotment of equity shares to eligible employees under its Employee Stock Option Plan (ESOP 2023). This allotment follows the exercise of employee stock options and includes consideration of all incidental and ancillary matters related to ESOP 2023 implementation.

Laxmipati Engineering Works Ltd announced its 15th Annual General Meeting on July 17, 2026, to be held via video conferencing. Key agenda items include adopting financial statements for FY26, re-appointing Mr. Rakesh Govindprasad Sarawagi as Executive Director, and approving a significant enhancement in the company's borrowing limits up to Rs. 200 crores over and above its paid-up capital and free reserves. This resolution enables the Board to borrow substantial funds for business purposes.

Aditya Birla Capital Ltd has announced the allotment of 11,23,53,236 fully paid-up equity shares through a preferential issue. The allotment includes 8,08,94,331 shares to promoter Grasim Industries Limited, 56,17,661 shares to promoter group entity Suryaja Investments Pte. Ltd., and 2,58,41,244 shares to International Finance Corporation (IFC). The total capital raised from this allotment amounts to approximately Rs. 4000 crores, significantly increasing the company's paid-up equity share capital.

Aditya Birla Capital Limited announced the allotment of 11,23,53,236 equity shares through a preferential issue on a private placement basis. This capital raise generated approximately INR 4,000 crores. The shares were allotted to Grasim Industries Limited (promoter), Suryaja Investments Pte. Ltd. (promoter group), and International Finance Corporation (IFC). This significant infusion increases the company's paid-up equity capital and is poised to strengthen its balance sheet, supporting its growth objectives in the financial services sector.

Yash Highvoltage Ltd announced a preferential issue aggregating up to ₹151 crore, comprising equity shares and convertible warrants at ₹721 per security, subject to shareholder approval. The capital raise, attracting participation from marquee investors, aims to accelerate expansion and strengthen its presence in the extra-high voltage transformer bushings segment. Proceeds will fund capacity expansion of its RIP bushing facility to the 550 kV category, allowing entry into a niche market, and brownfield expansion of its OIP bushing facility to meet growing demand. This strategic move aligns with India's booming power sector.

Dishman Carbogen Amcis Limited has re-submitted its audited financial results for March 31, 2026, in a machine-readable format following an NSE request. The original board meeting on May 19, 2026, approved these results and, significantly, sanctioned availing External Commercial Borrowing (ECB) up to CHF 200 million from a promoter group company. This ECB aims to refinance existing debt at more favorable terms, reducing interest costs. Additionally, the board approved increasing the company's overall borrowing limits from Rs. 1,700 crores to Rs. 4,000 crores, subject to shareholder approval.

Yash Highvoltage Ltd's Board has approved a significant fundraise of ₹150.99 crore through a preferential issue. The company will issue 12.62 lakh fully paid-up equity shares and 8.32 lakh equity warrants (convertible into one equity share each) to identified non-promoter persons. The issue price is fixed at ₹721 per share/warrant, including a premium of ₹716. This capital raise is subject to necessary shareholder and regulatory approvals, with an Extra-Ordinary General Meeting scheduled for July 15, 2026.

Vodafone Idea Limited has allotted 430 crore warrants to Suryaja Investments Pte. Ltd., an Aditya Birla Group entity and a member of the Promoter Group, on a preferential basis. An upfront payment of Rs. 1,182.50 Crore, representing 25% of the issue price of Rs. 11 per warrant, has been received. Each warrant is convertible into one equity share within 18 months upon payment of the remaining 75% of the issue price, providing immediate capital and potential further equity infusion to the company.

Vodafone Idea Ltd has allotted 430 crore warrants to Suryaja Investments Pte. Ltd., an Aditya Birla Group entity and part of the Promoter Group. Each warrant, priced at Rs. 11, will convert into one equity share within 18 months. The company has immediately received Rs. 1,182.50 crore, representing 25% of the issue price. This preferential allotment serves as a crucial capital infusion, signaling strong promoter support and enhancing the company's liquidity.

IIFL Finance Ltd announced a board meeting on June 27, 2026, to consider and approve raising funds through the issuance of equity shares or other eligible securities, which may include public issue, rights issue, preferential issue, private placement, or Qualified Institutions Placement. Additionally, the board will consider upsizing its existing Global Medium Term Note Programme. This move aims to strengthen the company's capital base and enhance its lending capacity.

Likhitha Infrastructure Ltd. announced that its Board approved raising up to ₹60 crores through a preferential issue of 25 lakh fully convertible warrants at ₹240 each. These warrants will be allotted to a mix of promoters, promoter group members, and other investors, subject to shareholder and regulatory approvals. Additionally, Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram were appointed as Additional Directors, designated as Executive Directors, effective June 22, 2026. This capital infusion is expected to bolster the company's financial position and support its expansion initiatives, while the management appointments strengthen its leadership team.

Knowledge Marine & Engineering Works Limited has scheduled a Board Meeting on June 26, 2026, to consider and approve a significant fund-raising proposal. The agenda includes the issuance of equity shares and/or other convertible securities via private placement, preferential allotment, or Qualified Institutional Placement (QIP), subject to shareholder and regulatory approvals. The Board will also consider calling an Extra-Ordinary General Meeting for shareholder consent. A trading window closure for insiders is in effect until 48 hours after the Board Meeting.

Likhitha Infrastructure Ltd's Board approved raising ₹60 crore through a preferential issue of up to 2.5 million convertible warrants at ₹240 each, subject to shareholder and regulatory approvals. The warrants are convertible into equity shares and involve promoter and non-promoter investors. Additionally, the company appointed Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram as Additional Directors, designated as Executive Directors, effective June 22, 2026. This capital infusion is expected to strengthen the company's financial position and support future growth.

Knowledge Marine & Engineering Works Ltd has scheduled a Board Meeting for June 26, 2026, to consider and approve a proposal for raising funds. This fundraise would involve issuing equity shares and/or convertible securities via private placement, preferential allotment, or qualified institutional placement, subject to shareholder and regulatory approvals. The Board will also consider convening an Extra-Ordinary General Meeting to seek member approval for the fund-raising. Consequently, the trading window for insiders is closed from June 22, 2026, until 48 hours after the Board meeting.

Likhitha Infrastructure Limited announced a preferential issue of up to 2.5 million fully convertible warrants at ₹240 each, aiming to raise ₹60 crores, subject to shareholder and regulatory approvals. These warrants will convert into one equity share each. Concurrently, Mrs. Lohitha Gaddipati and Mr. Chandra Dheerajram were appointed as Additional Directors, designated as Executive Directors, effective June 22, 2026. The fundraise includes participation from promoter and non-promoter investors, injecting significant capital into the company.

Likhitha Infrastructure Limited's Board has approved a proposal to raise ₹60 crore through a preferential issue of up to 2.5 million fully convertible warrants at an issue price of ₹240 each, subject to shareholder and regulatory approvals. The company also announced the appointment of Mrs. Lohitha Gaddipati (DIN: 11108258) and Mr. Chandra Dheerajram (DIN: 11108257) as Additional Directors, designated as Executive Directors, effective June 22, 2026. The fundraise, involving promoters and other investors, is intended to support the company's growth initiatives.