3h ago
Sunlite Recycling FY26 profit after tax jumps 181.4% to ₹401.5 million as income climbs 97.9%
Sunlite Recycling Industries reported FY26 profit after tax of ₹401.5 million, up 181.4% year on year, as total income rose 97.9% to ₹27,647.2 million. EBITDA increased 150.6% to ₹596.9 million and the margin improved to 2.16% from 1.71%. The company attributed the performance to high-volume operations and strategic physical hedging of copper prices. It also outlined a ₹37 crore plan to add 21,000 tons of capacity by the first quarter of FY28, including a 20,000-ton copper products expansion at subsidiary Sunlite Aluminium and additional value-added copper products capacity at the parent company.
3h ago
3h ago
One Click Logistics shareholders approve preferential share issue to promoters at July 08, 2026 EGM
One Click Logistics held an extraordinary general meeting on July 8, 2026, and approved a preferential allotment of new shares to the company’s promoters, who are Indian individuals. The promoter holding is set to rise from 15.04% to 16.69% following the issue. The total share capital is expected to increase from 67,11,723 shares to 68,44,723 shares. The move reflects an issuer-level equity structure adjustment, with no disclosed changes tied to performance, asset injection, control, or stated use of proceeds.
3h ago
6h ago
J B Chemicals merges into Torrent Pharma, effective July 8, 2026
The merger-by-absorption of J B Chemicals with Torrent Pharmaceuticals took effect on July 8, 2026, resulting in J B Chemicals being dissolved from that date without continuing as a separate entity. The amalgamation is set with an appointed date of January 21, 2026, and provides a share exchange ratio of 51 Torrent Pharma shares (face value ₹5) for every 100 J B Chemicals shares (face value ₹1). The scheme was approved by the NCLT Ahmedabad Bench and has been registered with the Registrar of Companies, Ahmedabad. J B Chemicals shares will be delisted, and shareholders’ rights will be converted into Torrent Pharma shares.
6h ago
17h ago
IRB InvIT Fund’s June 2026 gross toll revenue rises 8% to ₹1,601 million
IRB InvIT Fund said its gross toll revenue for June 2026 rose about 8% year on year to ₹1,601 million. The trust also called an extraordinary unitholders’ meeting for July 16, 2026, seeking approval to extend project implementation agreements for 12 project SPVs, with an aggregate estimated value of about INR 22,940.25 crore (including GST), and to acquire equity in CG Tollway Limited and Solapur Yedeshi Tollway Limited for an aggregate equity value of INR 2,744 crore. Separately, from June 18, 2026, FASTag and UPI collections for the M.V.R. project have been remitted directly to NHAI as directed by the authority.
17h ago
1d ago
SEPC proposes ₹1,530 crore all-share deal to buy 90% of UAE engineer Avenir
SEPC Ltd said it plans to acquire a 90% stake in UAE-based Avenir International Engineers and Consultants LLC for ₹1,530 crore via a preferential issue of 153 crore equity shares at ₹10 each, with closing expected by December 2026. The transaction would involve no cash outflow, but the company will seek approvals to raise its authorized share capital from ₹225 crore to ₹600 crore. SEPC will also ask shareholders to increase limits for loans, guarantees and investments by ₹3,000 crore and borrowing limits by ₹7,500 crore. Avenir has ADNOC prequalification and reported 2025 turnover of AED 75.01 million, while SEPC said FY26 net profit rose to ₹53.50 Cr, more than doubling year on year.
1d ago
1d ago
Apollo Micro Systems approves ₹3,322 crore preferential issue at ₹416.60 per unit
Apollo Micro Systems’ board has approved a plan to raise ₹3,322 crore through a preferential issue priced at ₹416.60 per unit. The proposal includes up to 22,830,902 new equity shares and up to 56,915,380 convertible equity warrants, allotted to nonpromoter investors and the promoter group plus identified nonpromoter persons, respectively. The issuance is subject to regulatory clearances and shareholder approval, with an Extraordinary General Meeting scheduled for August 4, 2026. The fundraising is intended to strengthen the company’s capital base and will expand share capital with potential dilution.
1d ago
1d ago
Ganga Forging launches ₹32.96 crore rights issue at ₹1.63 per share
Ganga Forging Limited will open its rights issue on July 10, 2026, offering 20,22,03,345 shares to eligible shareholders in a 3:2 ratio at ₹1.63 per share. The company is seeking to raise about ₹3.3 billion to repay loans tied to its solar power and railway clip projects, fund capital expenditure, and support working capital. The record date is July 02, 2026, and rights entitlements have been credited via NSDL and CDSL under ISIN INE691Z20015. The transaction is described as routine equity fundraising and not a sudden event or major operating inflection point.
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1d ago
Inventurus Knowledge Solutions seeks shareholder approval to create security for USD 635 million facilities tied to TruBridge deal
Inventurus Knowledge Solutions Ltd has launched a postal ballot to seek shareholder approval to create security for USD 635 million financing facilities requested by its wholly owned subsidiary, IKS Inc, to fund the acquisition of U.S. healthcare IT services provider TruBridge Inc. The security would cover all assets and equity of TruBridge’s unit HRG Inc., and includes related corporate guarantees. The transaction also refinances an existing USD 70 million term loan. The voting window runs from July 9, 2026, to August 7, 2026.
1d ago
1d ago
KM Sugar Mills’ distillery demerger hearing at NCLT Allahabad set for July 30, 2026
KM Sugar Mills said the NCLT’s Allahabad bench will hold a hearing on July 30, 2026 on its Scheme of Arrangement to demerge the distillery business into its wholly owned subsidiary, KM Spirits. The company’s board approved the plan on August 7, 2025, with an appointed date of April 1, 2026 and a share-swap ratio of 1 KM Spirits equity share of ₹10 each for every 5 KM Sugar Mills equity shares of ₹2 each. The demerger remains subject to final NCLT sanction and other regulatory approvals, and KM Spirits’ shares are proposed to be listed after the scheme becomes effective. For the year ended March 31, 2026, the company reported profit after tax of ₹5,342.38 lakhs, up from ₹3,555.09 lakhs, alongside higher ethanol sales and revenue in the distillery segment.
1d ago