Latest Announcements

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.

Ugro Capital Limited announced the allotment of listed Commercial Papers (CPs) worth Rs. 24.45 crores on June 22, 2026, following approval from its Investment and Borrowing Committee. These CPs have a 91-day tenure, with a face value of Rs. 5,00,000 per security and an issue price of Rs. 4,89,027. The total redemption value for these CPs is Rs. 25 crores. This short-term debt issuance is intended to manage the company's funding requirements.

Ugro Capital Ltd announced the allotment of Commercial Papers (CPs) worth approximately INR 24.45 crore on June 22, 2026. These CPs, proposed to be listed, have a tenure of 91 days and will mature on September 21, 2026, with a redemption value of INR 25 crore. This short-term debt issuance is a routine financing activity for the NBFC, aimed at bolstering its liquidity for ongoing operations.

Hilton Metal Forging Ltd has announced an Extraordinary General Meeting (EGM) to be held on July 15, 2026. The primary agenda is to seek shareholder approval for a Qualified Institutional Placement (QIP). The company plans to create, offer, issue, and allot equity shares for an aggregate amount not exceeding INR 100 crore through this QIP, to be raised in one or more tranches from eligible institutional investors.

Hilton Metal Forging Limited has announced an Extraordinary General Meeting (EGM) on July 15, 2026, to seek shareholder approval for a Qualified Institutional Placement (QIP). The company plans to issue and allot equity shares to Qualified Institutional Buyers (QIBs) to raise an aggregate amount not exceeding INR 100 crore. The funds are expected to support the company's growth initiatives and strengthen its financial position.

MSP Steel & Power Limited has called an Extraordinary General Meeting (EGM) on July 14, 2026, to approve a special resolution regarding the utilization of funds. The company proposes to reallocate INR 73.50 crore from a preferential issue of convertible warrants (issued to a promoter group entity). These funds were originally designated for unsecured debt repayment but will now be used to fund the company's working capital requirements. This change implies a shift in financial strategy from deleveraging towards improving operational liquidity.

MSP Steel & Power Ltd will hold an Extra-Ordinary General Meeting (EGM) on July 14, 2026, to seek shareholder approval for varying the utilization of INR 73.50 crore from a preferential issue. Originally earmarked for unsecured debt repayment, these funds, derived from convertible warrants issued to a promoter group entity, are now proposed to be used for the company's working capital requirements. This signifies a shift in capital allocation priority from balance sheet strengthening to operational liquidity.

Callista Industries Ltd has allotted 1,000,000 equity shares of face value Rs. 10 each on a preferential basis to Koriander Consultants LLP, a non-promoter entity, for a total consideration of Rs. 1 crore. This allotment was approved by shareholders and BSE. Following this, the company's paid-up equity share capital has increased to Rs. 4,04,65,880, comprising 4,046,588 equity shares. Koriander Consultants LLP will hold approximately 24.71% of the post-issue shareholding.

Callista Industries Ltd has allotted 1,000,000 equity shares of Rs. 10 each on a preferential basis to Koriander Consultants LLP, a non-promoter entity. This first tranche of the preferential issue, valued at Rs. 1 crore, was approved by shareholders and received in-principle consent from BSE. Consequently, the company's paid-up equity share capital has increased to Rs. 4,04,65,880, comprising 4,046,588 equity shares. Post-allotment, Koriander Consultants LLP holds 24.71% of the company's shareholding.

Sai Life Sciences Limited has allotted 170,501 fully paid-up equity shares of Re. 1/- each to employees who exercised options granted under its ESOP 2008 and MESOP 2018 schemes. This allotment, approved on June 22, 2026, increases the total issued shares to 21,22,86,016. The shares were issued at varying exercise prices of Rs. 188.90, Rs. 23.30, and Rs. 127.30, resulting in a minor capital inflow for the company.

Sai Life Sciences Ltd has allotted 1,70,501 fully paid-up equity shares upon the exercise of options granted under its Employees Stock Option Plan 2008 (5,002 shares) and Management ESOP Plan 2018 (1,65,499 shares). This allotment, approved by the Board of Directors on June 22, 2026, results in the total issued shares increasing to 21,22,86,016. The transaction involves a minor dilution of equity but also brings in capital from the exercise prices.

Veer Global Infraconstruction Ltd's Board has approved significant capital raising initiatives. The company will proceed with a preferential issue of equity shares by converting existing loans into equity, following an in-principle approval from BSE. Additionally, the Board has sanctioned a Rights Issue of equity shares, aiming to raise an amount not exceeding ₹15 Crores. These actions are intended to infuse fresh capital and strengthen the company's financial position and support future growth plans.

Eco Recycling Ltd's Board has approved the preferential allotment of 300,000 fully convertible share warrants to its promoter and promoter group at a price of Rs. 411 per warrant. This initiative aims to raise up to Rs. 12.33 crores, with Rs. 3.08 crores already received as a 25% upfront subscription. These warrants are convertible into equity shares within 18 months upon payment of the remaining 75% and are subject to lock-in, providing a capital infusion for the company's future endeavors.

Icon Facilitators Ltd's Board of Directors approved the introduction of an Employee Stock Option Scheme (ESOS). Concurrently, the Nomination and Remuneration Committee was designated as the Compensation Committee, and Dimension Financial Solutions Private Limited was appointed as the advisor and merchant banker for the ESOS. This move aims to incentivize employees and align their interests with the company's long-term growth.

Indrayani Biotech Ltd has announced the indefinite postponement of its partly paid-up Rights Issue. The Rights Issue Committee, at its meeting on June 22, 2026, decided to defer the schedule until further notice, which was previously extended to close on July 24, 2026. While the revised opening and closing dates will be intimated later, the offer price and rights entitlement ratio approved earlier will remain unchanged.

Steelman Telecom Ltd. has announced a Board Meeting on June 29, 2026, to consider and approve proposals for raising funds up to Rs. 50 Crores. The fundraise will involve issuing Equity/Convertible Share Warrants or other eligible convertible securities on a preferential basis to promoters/non-promoters, subject to shareholder approval. The board will also discuss convening an Extra Ordinary General Meeting (EGM) to obtain necessary approvals.

Salem Erode Investments Ltd has approved the issuance of 15,000 unlisted secured redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,000 each, aggregating to Rs. 1.50 crore. These NCDs will be issued on a private placement basis in one or more tranches, offering tenures of 36 or 68 months. A monthly scheme for 36 months features a 12.00% coupon rate. The debentures are secured against current assets, loans, advances, and other unencumbered assets, with a minimum security cover of 100%.

Danube Industries announced a strategic partnership with Fox Petroleum Group, which will invest USD 50 million in two tranches. This capital infusion is intended to support Danube's expansion, technology development, and business growth, particularly in emerging areas like AI, advanced manufacturing, and defence technologies. The company plans to rename itself Fox Danube Technologies Limited and launch an AeroDefence Division. This collaboration is set to transform Danube into a technology-focused enterprise, strengthening its market position.

Ashish Dhawan has increased his stake in Religare Enterprises Ltd, with his total holding now at 5.42% of the diluted share capital. This increase is primarily due to the conversion of 1.7 million warrants into equity shares, issued at Rs. 235 per warrant, alongside secondary market purchases of 1.33 million equity shares. The acquisition triggered a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations as his stake crossed the 5% threshold.

Suven Life Sciences Limited has allotted 2,71,970 equity shares under its SLSL ESOP 2020 Scheme to eligible employees. The shares were issued at an exercise price of Rs. 55 each, leading to a capital inflow of approximately Rs. 1.49 crore. Following this allotment, the company's paid-up equity share capital increased from 26,37,20,583 shares to 26,39,92,553 shares. This is a procedural update regarding employee stock option exercise.