Latest Announcements

Tanfac Industries Ltd's Fund-Raising Committee has approved the preliminary placement document and authorized the opening of an issue on June 23, 2026. The floor price for the equity shares has been set at ₹ 2090.34, in compliance with SEBI ICDR Regulations. The company retains the option to offer a discount of up to 5% on this floor price, with the final issue price to be determined in consultation with book running lead managers. This marks the initiation of an equity fundraise.

PI Industries Limited has converted Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million held in its wholly-owned subsidiary, PI Health Sciences Limited (PIHS), into 72,46,37,687 equity shares at Rs. 13.80 per share. This internal capital restructuring does not involve cash or change PIIL's 100% ownership of PIHS. The conversion, identified as an arm's length related party transaction, aims to strengthen the consolidated balance sheet and support the CRDMO subsidiary's operations.

Aster DM Healthcare Limited announced that its subsidiary, Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, has allotted 12,00,000 Series A and 34,30,000 Series B Compulsorily Convertible Preference Shares (CCPS) to identified investors via a preferential private placement. The subsidiary is also seeking additional investment for further capital. Aster DM Healthcare confirmed its shareholding in the Sarjapur entity will remain above 75% on an as-if converted basis, even after these allotments and future investments.

Khadim India Limited announced a Board Meeting on July 02, 2026, to consider fundraising through a preferential issue of equity shares and/or convertible warrants, and to seek shareholder approval for this proposal. Concurrently, the company declared a closure of its trading window from June 24, 2026, until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The trading window closure is linked to both the proposed fundraise and the upcoming quarterly results.

Aster DM Healthcare Ltd's subsidiary, Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, has allotted 12 lakh fully paid-up Series A Compulsorily Convertible Preference Shares (CCPS) and 34.30 lakh partly paid-up Series B CCPS to identified investors on a preferential basis. Each CCPS is convertible into up to 5 equity shares. The Sarjapur entity plans to raise further capital, and Aster DM Healthcare's shareholding will remain above 75% on an as-if converted basis, even after additional investments.

Jattashankar Industries Ltd has approved the preferential allotment of 30,00,000 convertible warrants at an issue price of Rs. 92 per warrant. These warrants, allotted to both promoter and non-promoter categories, are convertible into one equity share each within 18 months. The company has received an initial 25% payment of Rs. 6.90 crores, with a potential total fundraise of Rs. 27.60 crores upon full conversion, aimed at bolstering its financial position and supporting growth initiatives.

Khadim India Ltd announced a Board Meeting on July 2, 2026, to consider a fundraise through a preferential issue of equity shares and/or convertible warrants. The board will also propose an Extra-ordinary General Meeting to secure shareholder approval for this capital raise. Concurrently, the trading window for the company's securities is closed from June 24, 2026, until 48 hours post the declaration of its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. This move signals a potential capital infusion to support future operations or expansion.

Khadim India Ltd has announced a Board Meeting on July 2, 2026, to consider and approve a fundraising proposal. The company intends to raise capital through a preferential issue of equity shares and/or convertible warrants. An Extra-ordinary General Meeting will be convened to seek shareholders' approval for this proposal. Additionally, the trading window for the company's securities will remain closed from June 24, 2026, until 48 hours after the declaration of the Q1 FY27 financial results.

Power Grid Corporation of India Limited has scheduled a Board Meeting for June 26, 2026, to consider and approve raising foreign currency funds up to USD 500 million. These funds are intended to be secured through External Commercial Borrowings (ECB) from domestic or foreign banks. This potential fundraise indicates the company's intention to finance future projects or meet capital expenditure requirements for its operations. The trading window for the company's shares will remain closed from June 24, 2026, until 48 hours after the declaration of Q1 FY27 financial results.

Power Grid Corporation of India Ltd has scheduled a Board Meeting on June 26, 2026, to consider and approve raising foreign currency funds up to USD 500 million through External Commercial Borrowings (ECB) from domestic or foreign banks. This fundraise is intended to support the company's capital expenditure requirements. The trading window for the company's shares remains closed until 48 hours after the declaration of its Q1 FY2027 financial results.

Apollo Micro Systems Ltd has allotted 21,43,095 equity shares of Re. 1/- each to three investors, including Trikaya Wealth Advisors Pvt Ltd, upon conversion of an equal number of warrants. This conversion, part of a preferential issue intimated earlier, brought in Rs. 18.32 crores (being the balance 75% of the issue price) for the company as warrant exercise price. Consequently, the company's issued and paid-up capital increased to Rs. 37,15,99,512, with the newly allotted shares ranking pari passu with existing ones.

City Union Bank's Board of Directors has approved raising Rs. 500 crore through a Qualified Institutional Placement (QIP) route, pending shareholder approval at the Annual General Meeting on August 14, 2026. Additionally, the bank declared a dividend of 200% (Rs. 2 per equity share) for FY 2026, with a record date set for July 14, 2026. The dividend payment is scheduled to occur on or after the AGM date.

Apollo Micro Systems Limited has allotted 21,43,095 equity shares of Re. 1/- each to three investors upon the conversion of previously issued warrants on a preferential basis. The company received Rs. 18.32 crores as the warrant exercise price for these shares. This completes the conversion of all warrants from the preferential issue announced in June 2025, thereby increasing the company's issued and paid-up capital to Rs. 37,15,99,512.

City Union Bank's Board approved a 200% dividend (Rs. 2 per share) for FY2026, with a record date of July 14, 2026, to be paid on or after August 14, 2026. Concurrently, the board proposed an enabling resolution for raising Rs. 500 crore through a Qualified Institutional Placement (QIP). This capital raise is subject to shareholder approval at the upcoming Annual General Meeting and is expected to support the bank's future growth initiatives.

Rose Merc Ltd announced the grant of 20,000 stock options to three eligible employees under its "RML Employee Stock Option Plan II, 2023". Each option converts into one equity share of Rs. 10 face value, with an exercise price of Rs. 70 per option. The options will vest after one year from the grant date and can be exercised over a four-year period thereafter. This grant is in terms of SEBI (SBEBSE) Regulations, 2021, and aims to incentivize and retain key talent.

City Union Bank's Board of Directors has declared a dividend of 200% (Rs. 2 per equity share of Re. 1 each) for FY2026, with the record date set for July 31, 2026. The dividend is scheduled for payment on or after August 14, 2026. Furthermore, the board approved an enabling resolution to raise up to Rs. 500 crore through a Qualified Institutional Placement (QIP), which will be put to shareholders for approval at the Annual General Meeting on August 14, 2026.

Aanchal Ispat Ltd's Board has approved raising funds up to Rs. 8.65 crore by issuing 10.55 lakh fully convertible warrants on a preferential basis to the promoter category. Each warrant is priced at Rs. 82 and will be convertible into one equity share within 18 months. An amount equivalent to 25% of the warrant issue price is payable upfront. This fundraise is subject to shareholder approval and is being done in compliance with the Companies Act and SEBI ICDR Regulations.

City Union Bank's Board of Directors approved the Annual General Meeting for August 14, 2026, and set July 31, 2026, as the record date for a 200% dividend (Rs. 2 per share). Additionally, the Board approved raising Rs. 500 crore through a Qualified Institutional Placement (QIP), subject to shareholder approval, to further bolster capital. This capital raise is crucial for the bank's future growth initiatives and balance sheet strength.

City Union Bank's Board of Directors approved the date for its Annual General Meeting on August 14, 2026. They also declared a dividend of Rs. 2 per equity share (200% on face value Re. 1), with July 14, 2026, fixed as the record date for this payout. Additionally, the Board approved an enabling resolution to raise up to Rs. 500 crore through a Qualified Institutions Placement (QIP) route. This capital raise, pending member approval at the AGM, aims to strengthen the bank's capital base for future growth.

Aanchal Ispat Ltd's board has approved a preferential issue of up to 1,055,000 fully convertible warrants to its promoter category at a price of Rs. 82 per warrant, aiming to raise approximately Rs. 8.65 crore. These warrants will be convertible into equity shares within 18 months. The company also decided to amend its Articles of Association to allow for future issuance of various convertible securities. An Extraordinary General Meeting (EGM) is scheduled for July 23, 2026, to seek shareholder approval for these proposals.