Aditya Birla Real Estate Limited (ABREL) has received in-principle approval from the Bombay Stock Exchange (BSE) to revise the financial covenants applicable to its ₹500 crore unsecured non-convertible debentures (NCDs). The approved modification relaxes the net debt-to-equity ratio requirement, providing the company with greater financial flexibility. Revised Financial…
Frontier Warehousing Limited has announced a mandatory open offer to acquire up to a 26% stake in Kesoram Industries at ₹5.48 per share, amounting to a total potential outlay of ₹442.26 crore. This development follows Frontier’s agreement to purchase a 42.80% stake from the Kesoram promoter group at…
Brookfield India Real Estate Trust has launched an institutional placement effective December 4, 2025, setting a floor price of ₹327.33 per unit. The move follows the approval received from unitholders at the meeting held on November 28, 2025. Key Highlights Detail Information Placement Launch Date December 4, 2025…
Filatex India has received a favourable ruling from the Gujarat High Court in a major tax litigation matter concerning Goods and Services Tax (GST) refund claims. The court has set aside two show cause notices issued by the Joint Commissioner of CGST, which together sought recovery of ₹166.79…
Perfect Communications Private Limited, a promoter entity of Gateway Distriparks Limited, has increased its shareholding in the company following an open market acquisition carried out on December 4, 2025. The purchase involved 2,464,591 equity shares, resulting in a change in the promoter’s ownership percentage. Updated Shareholding Position Following…
Mphasis has announced that its ESOP Compensation Committee has approved the allocation of 5,000 stock options to an identified employee under the company’s Employee Stock Option Plan (ESOP) 2016. Grant Structure and Terms The stock options have been issued at an exercise price of ₹2,700 per option. Vesting…
Mobavenue AI Tech has announced that its wholly owned subsidiary, Mobavenue Media Private Limited, has formalised a partnership with the Kuppam Area Development Authority (KADA) in Andhra Pradesh. The collaboration was confirmed through a Memorandum of Understanding (MOU) signed on November 26, 2025. Details of the Agreement The…
The company recorded a net profit of ₹1.50 billion, an increase of 15.40% compared to ₹1.30 billion in the same quarter last year. EBITDA also improved, rising 4.80% to ₹2.20 billion from ₹2.10 billion in the previous year. Despite the increase in absolute earnings, the EBITDA margin contracted…
Aspect Details Asset Type Manufacturing facility Location Dehradun Sale Value ₹9.50 crore Operational Status Idle since July 2023 Reason for Sale Product technology considered outdated Purpose and Strategic Rationale Hind Rectifiers indicated that the divestment aligns with its broader objective of reallocating resources toward more relevant and productive…
Suzlon Energy has informed the National Stock Exchange and Bombay Stock Exchange that it has paid a ₹1 lakh penalty imposed by the Central Ground Water Authority (CGWA). The penalty was issued due to a delay in submitting the application for a No Objection Certificate (NOC) related to…