Latest Announcements

Kajaria Ceramics Limited announced that the special resolution for the buyback of up to 2,150,000 equity shares at Rs. 1380 per share through a tender offer has been passed by postal ballot. The resolution received overwhelming support, with 97.82% of the valid votes cast in favour, indicating strong shareholder approval for the capital allocation initiative. The company will proceed with the buyback as per the Companies Act, 2013, and SEBI regulations.

Kajaria Ceramics Ltd announced that the Special Resolution for the buyback of up to 21,50,000 equity shares at a price of Rs. 1380 per share via a tender offer has been successfully passed by its shareholders. The postal ballot results, declared on June 23, 2026, showed strong approval, with 97.82% of the total valid votes cast in favour of the resolution. This approval enables the company to proceed with its share repurchase program as planned.

RailTel Corporation of India Ltd has secured a significant purchase order from the Ministry of Railways valued at approximately ₹334.52 crores (excluding tax). The order pertains to the up-gradation of e-Office instances for Zonal Railways and Administrative Units to version 7.x, including the mandatory use of DSCs/eSign in the e-Office System. The domestic contract is to be executed by June 22, 2031. This order reinforces RailTel's role in government digital infrastructure.

Railtel Corporation Of India Limited has secured a significant purchase order from the Ministry of Railways, valued at Rs. 3,34,51,69,491/- (excluding tax). The contract involves upgrading e-Office instances to version 7.x and implementing mandatory use of Digital Signature Certificates/eSign systems for Zonal Railways/Administrative Units. This domestic order is scheduled for execution by June 2031, bolstering the company's order book.

Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company with over 20 years of presence in lubricants manufacturing and petroleum products distribution. The acquisition aims to enhance Maximus's market position and product portfolio. The transaction involves Mr. Aniruddh Gandhi, a director and substantial beneficial owner of Maximus, making it a related party transaction, though it is stated to be undertaken on an arm's length basis.

Promoter Shri Rajiv Gupta, along with JT. Arti Gupta, acquired 60,000 equity shares of India Lease Development Ltd. through an open market purchase on the Bombay Stock Exchange (BSE). This transaction increased their collective promoter holding from 6.21% to 6.62%. The disclosure was made to comply with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

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.

Marine Electricals (India) Limited has received new orders totaling approximately Rs 75.19 crores (excluding taxes). These orders are for the supply of Power Distribution Systems to STT Global Data Centres India Private Limited and Princeton Digital Group (India) Management Private Limited. The delivery for these contracts is expected to span 12-18 months. The company confirmed that these transactions do not involve promoters or related parties, ensuring good corporate governance.

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.

Bigbloc Construction Limited has filed an Investor Presentation for June 2026, outlining its position as a leading AAC block manufacturer in India with 1.3 million m³ p.a. capacity. The presentation highlights a 22% 5-year revenue CAGR, expansion plans including land acquisition in Madhya Pradesh for central India growth, and diversification into construction chemicals. It also details the company's operational history, existing manufacturing facilities, and financial overview.

Metro Brands Limited announced the appointment of Mr. Manoj Juneja as Chief Business Officer - Sports Division and Senior Management Personnel, effective June 23, 2026. Mr. Juneja brings over 27 years of extensive experience across the retail, footwear, fashion, and consumer sectors, specializing in P&L management, strategy, and omni-channel development. His prior roles include CEO of Crocs India and COO for Reebok India at Aditya Birla Fashion and Retail Limited, where he successfully scaled operations and drove growth. This strategic appointment is expected to bolster the company's sports division and contribute to overall business expansion.

Bigbloc Construction Ltd released an investor presentation for June 2026, highlighting its status as one of India's largest AAC block manufacturers with 1.3 million m3 p.a. capacity. The presentation details its growth journey, including strategic capacity expansions, a joint venture with SCG International, and diversification into construction chemicals. It also outlines future plans, such as land acquisition for expanding operations into central India. The company reported consistent revenue growth and healthy EBITDA margins, emphasizing its commitment to sustainable building materials and market leadership.

Metro Brands Ltd has announced the appointment of Mr. Manoj Juneja as Chief Business Officer - Sports Division & Senior Management Personnel, effective June 23, 2026. Mr. Juneja brings over 27 years of extensive experience in the retail, footwear, fashion, and consumer sectors, with a strong background in P&L management, strategy, and omni-channel development. His previous roles include CEO of Crocs India and COO for Reebok India at Aditya Birla Fashion and Retail Limited, indicating a strong track record in scaling brands.

Seamec Ltd announced that its vessel 'SEAMEC AGASTYA' has returned to active service and is on-hired with effect from June 23, 2026, at 00:30 hrs. This follows a period where the vessel was off-hire for technical redressal. The resumption of deployment means the vessel is now generating revenue for the company.

Mahamaya Steel Industries Ltd announced that Brickwork Ratings India Private Limited has assigned credit ratings for its bank facilities. Long-term fund-based bank facilities amounting to Rs 51.47 Crores received a 'BWR BBB+/Stable' rating. Short-term non-fund based facilities of Rs 15.00 Crores were assigned 'BWR A2'. These ratings indicate satisfactory credit quality and a stable outlook for the company's financial obligations.

Seamec Limited announced that its vessel 'SEAMEC AGASTYA' has returned to service and been 'on-hired' effectively from June 23, 2026, at 00:30 hrs, following technical redressal. This update signifies the resumption of revenue generation from this key asset. The company had previously intimated its 'off-hire' status on June 15, 2026.

Mahamaya Steel Industries Ltd announced that Brickwork Ratings India Private Limited has assigned credit ratings for its bank facilities. Long-term fund-based bank facilities of Rs 51.47 Crores received a rating of 'BWR BBB+ / Stable', while short-term non-fund based facilities with a sub-limit of Rs 15.00 Crores were rated 'BWR A2'. These are initial assignments, providing an independent assessment of the company's creditworthiness.