Latest Announcements

Arvind Limited's shareholders have approved a Special Resolution to amend the Object Clause of the company's Memorandum of Association (MOA). This amendment significantly expands the company's stated business scope to include a comprehensive range of services, such as business transformation, back-office operations, IT, digital transformation, data analytics, business process management, supply chain, HR, and finance-related support services, both domestically and internationally. This strategic move enables the company to formally pursue new avenues for business expansion.

Venus Pipes & Tubes Limited announced strong audited financial results for the quarter and year ended March 31, 2026. For FY26, revenue from operations grew to Rs. 11,668.48 million from Rs. 9,585.26 million in FY25, and net profit after tax increased to Rs. 1,019.62 million from Rs. 928.89 million. The statutory auditors provided an unmodified opinion on the results. Additionally, the Board recommended a final dividend of Rs. 0.50 per equity share for FY26 and re-appointed the internal and cost auditors for FY27.

Arvind Ltd shareholders have approved a Special Resolution to alter the Object Clause of the company's Memorandum of Association. This amendment significantly expands the company's authorized business activities to include a comprehensive range of business transformation, back-office, IT, HR, supply chain, financial, and digital services. This strategic move enables the company to potentially enter new service sectors and leverage its existing infrastructure for future growth, both in India and abroad.

Nephrocare Health Services' board approved the Employee Stock Option Scheme 2026, enabling the grant of up to 2,006,814 options, representing approximately 2% of its paid-up equity share capital, subject to shareholder and regulatory approvals. Concurrently, the company approved providing collateral/security support of up to INR 70 Crore to its overseas step-down wholly-owned subsidiary in Saudi Arabia. This support aims to enable the subsidiary to avail credit facilities, reflecting a revised funding and operating structure for its Saudi operations and facilitating international growth.

Innovana Thinklabs Limited has announced the successful conclusion of its postal ballot, with the voting results submitted to the exchanges. The key resolution considered was the re-appointment of Mrs. Riya Sharma as an Independent Director for a second term of five consecutive years. This special resolution was duly passed by the members of the company with an overwhelming majority of 99.9768% of total votes polled, demonstrating strong shareholder confidence in her continued role on the board.

Bandhan Bank Ltd. has informed that its Board of Directors will meet on June 25, 2026, to review and consider the bank's Capital Plan. This intimation highlights the bank's proactive approach to managing its financial resources, which could involve future capital raising to support growth and ensure compliance with regulatory capital requirements. The consideration of a Capital Plan is a significant step for a banking institution.

Hind Rectifiers Ltd has completed the sale of a portion of its non-operational Dehradun plant for Rs. 5 Crore. The plant, which ceased operations in 2023 due to product obsolescence, had no machinery or plans for restart. This divestiture monetizes a dormant asset, improving the company's cash position. The transaction was executed with an unrelated third party on June 22, 2026.

Svam Software Ltd has approved a significant alteration to its Memorandum of Association to expand its business activities. The company plans to venture into Agritech solutions, agricultural technology development, farming, and real estate development (construction and redevelopment). Concurrently, the Board has resolved to change the company's name to "Svam Agritech Limited" (or similar) to reflect this strategic shift. An Extra Ordinary General Meeting (EGM) will be convened on July 14, 2026, to seek shareholder approval for these proposed changes.

Hind Rectifiers Limited has disclosed the sale of a part of its non-operational Dehradun plant for a consideration of Rs. 5 Crore. The plant had been non-operational since 2023 due to product obsolescence, with no machinery or plans for restart. The Board had approved the sale negotiations, and the company executed a sale deed on June 22, 2026. The buyer is not related to the promoter or promoter group, and the transaction is not a related party transaction.

Pace Digitek Limited has released an investor presentation highlighting its robust growth journey in telecom and energy infrastructure. Key points include a significant order book of Rs. 11,338 Cr as of May 25, 2026, and the commission of a large-scale Battery Energy Storage System (BESS) manufacturing facility at Bidadi, Karnataka. The company plans to expand its BESS manufacturing capacity from 2.5 GWh to 10 GWh and successfully raised Rs. 819.15 crore through a fresh issue of shares in 2023, reinforcing its scalable platform strategy.

Syrma SGS Technology Limited has partnered with Kaga Electronics India Private Limited to form a Joint Venture Company (JVCo) in India. The JVCo will establish and operate a state-of-the-art EMS manufacturing facility, specifically targeting Japanese clients. Syrma will hold a 60% stake, investing approximately INR 15 Crores, while Kaga will hold 40%. This strategic alliance aims to expand Syrma's manufacturing capabilities and market reach within the electronics sector.

Pace Digitek Ltd. released an investor presentation detailing its robust growth journey and integrated infrastructure platform across telecom and energy sectors. The company highlighted its significant entry into large-scale Battery Energy Storage Systems (BESS) manufacturing, with current capacity of 2.5 GWh expanding to 10 GWh. It reported a strong order book of Rs. 11,338 crore as of May 2026 and outlined a Manufacturing-EPC-BOO model, signaling substantial future revenue potential through strategic capacity expansion and diversified operations.

Svam Software Ltd has announced a proposed change in its company name to "Svam Agritech Limited" and a significant alteration to its Memorandum of Association. The revised object clauses will enable the company to expand into Agritech solutions, agricultural technology development, various farming activities, as well as construction, real estate development, and infrastructure projects. These strategic changes signify a major pivot from its original software focus, aiming to broaden business operations and tap into diverse sectors with potential for growth. The changes are subject to shareholder approval at an upcoming Extra Ordinary General Meeting.

Syrma SGS Technology Ltd has entered into an agreement with Kaga Electronics India Private Limited to establish a joint venture (JV) company in India. This JV will set up and operate a technologically advanced Electronics Manufacturing Services (EMS) facility primarily targeting Japanese clients. Syrma will hold a 60% ownership stake, investing approximately INR 15 Crores, while Kaga will hold 40% with an investment of INR 10 Crores. The JV board will comprise two directors nominated by each party.

Ind-Swift Laboratories Limited announced the re-appointment of Mr. Rajinder Kumar Gupta as a Non-Executive Independent Director for a second five-year term, effective June 23, 2026, subject to shareholder approval. Mr. Gupta, a retired Additional Commissioner of Income Tax and an advocate, brings extensive experience in tax, regulatory compliance, and legal matters. The Board also reconstituted key committees, including Audit, Stakeholders Relationship, and Risk Management, where Mr. Gupta has been assigned roles, leveraging his expertise for enhanced corporate governance.

Svam Software Ltd has announced an Extra-Ordinary General Meeting (EGM) on July 14, 2026. The key agendas include the appointment of Ms. Ritu Tiwari as an Independent Director and a significant alteration to the company's Memorandum of Association. This MoA change will enable the company to expand into agri-tech solutions, digital farming, and general agricultural and farming businesses, marking a strategic diversification into new sectors.

Choice International Limited has appointed Dr. Nitin Kareer, a former Chief Secretary to the Government of Maharashtra and a retired 1988 batch IAS officer, to its Advisory Board. Dr. Kareer brings over three decades of distinguished leadership experience in public finance, taxation policy, urban development, and state governance, including expertise in institutional reforms and digital transformation. His appointment is expected to strengthen regulatory compliance, improve policy oversight, and enhance long-term strategic decision-making for the company.

Svam Software Ltd's Board has approved a significant strategic shift, including altering its Memorandum of Association to expand into Agritech solutions, digital farming, agricultural product trading, and various aspects of farming and cultivation. The company also plans to diversify into construction, redevelopment, land development, and real estate. To reflect this new focus, the Board approved changing the company's name from "Svam Software Limited" to "Svam Agritech Limited." An Extra Ordinary General Meeting (EGM) is scheduled for July 14, 2026, to seek shareholder approval for these changes.

Birla Corporation Limited has announced the commencement of commercial production at its Bikram Coal Mine in Burhar, Shahdol, Madhya Pradesh, effective from June 22, 2026. This follows an earlier intimation regarding the start of coal mining operations. The new mine is expected to contribute to the company's operational capabilities.

S&P Global Ratings has assigned a 'BBB' long-term issue rating to the proposed U.S. dollar-denominated senior unsecured notes that Bank of Baroda's GIFT City branch plans to issue. These notes will be drawn from the bank's US$4 billion medium-term note program. The rating for the proposed notes is equalized with Bank of Baroda's existing 'BBB/Stable/A-2' issuer credit rating, reflecting expectations that they will rank equally with all other senior unsecured obligations.