Tata Elxsi has reported a 21.5 per cent decrease in consolidated net profit to Rs 144.36 crore in the April-June quarter of FY26 on account of macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making. It had logged a profit of Rs 184.07 crore in the year-ago period, according to a regulatory filing. Revenue from operations dropped by 3.7 per cent to Rs 892.2 crore in the first quarter of 2025-26 compared to Rs 926.45 crore in the same quarter of FY25. Sequentially, profit and revenue fell by 16.2 per cent and 1.7 per cent, respectively.
Shareholders rejected Zee Entertainment Enterprises’ proposal to issue convertible warrants on a preferential basis to its promoters, with the special resolution failing to get the requisite majority of 75 per cent votes in favour, according to exchange filings. Close to 60 per cent of shareholders who participated in the process voted in favour of the resolution, with the remaining over 40 per cent voting against it. Last month Zee board had approved issuing warrants worth ₹2,237.4 crore to its promoters.
Indian Renewable Energy Development Agency on Thursday reported a 36 per cent decline in its net profit to Rs 247 crore in the June quarter compared to a year ago, mainly due to higher expenses. The company had posted a net profit of Rs 384 crore in the quarter ended on June 30, 2024, a BSE filing showed. However, the revenue from operations improved to Rs 1,947 crore during the quarter against Rs 1,510 crore in the year-ago period. During the June quarter, IREDA’s gross NPA worsened to 4.13% from 2.45% in the March quarter, while net NPA deteriorated to 2.05% from 1.35% in March.
Manbro Industries, a BSE listed company, has announced the approval of three strategic acquisitions to expand its business operations in field of value added steel products, old vehicle scrappage (metal & non-metal recycling), and fabricated steel infrastructure solutions. The board approved the acquisition of 51 per cent stake in Shivam Pipe Industries, 26 per cent stake in KD Ecosystem and 99.90 per cent stake equity in KD Infrastructures Private Limited
The board of Senores Pharmaceuticals has entered into the Share Purchase Agreement with one of the shareholders (Public Category) of Havix Group Inc. D/B/A Aavis Pharmaceuticals for acquisition of 6,730 equity shares i.e. 2.97 per cent of the total paid up share capital of Havix and subject to the terms and conditions as mentioned in the SPA. Havix is a US based company engaged in the business of developing, manufacturing and supplying of various finished formulations. The turnover of Havix for the financial year ended March 31, 2025 was $ 19,869,291.
Lemon Tree has signed two License Agreements viz Lemon Tree Premier, Navi Mumbai, Maharashtra and Lemon Tree Hotel, Jalgaon, Maharashtra. Both the properties shall be managed by Carnation Hotels Private Limited, a wholly- owned subsidiary of Lemon Tree Hotels Limited
The Government of Rajasthan, Director of Mines & Geology vide Notification has declared Birla Corporation Limited as the ‘Preferred Bidder’ for grant of mining lease for Tadas Limestone Block-II District Nagaur on the highest final price offer of 63.50% submitted by the Company. The aforesaid block is situated in District Nagaur, Rajasthan over an area of 160.3882 hectares.
Petronet LNG (PLL) said on Thursday that it has entered into a 5.5 year agreement with a subsidiary of Deepak Fertilisers and Petrochemicals Corporation for regasification of liquefied natural gas (LNG). Under the terms of the agreement, PLL will receive, store and regasify around 25.6 trillion British thermal units of LNG annually, post an initial ramp-up period in 2026, at its Dahej terminal.
Aegis Logistics Ltd and Aegis Vopak Terminals, its associate company, has executed a Business Transfer Agreement to transfer Liquified Petroleum Gas (LPG) Terminal having Cryogenic static storage capacity of 48,000 MT at Pipavav, to AVTL via slump sale on going concern basis on such terms and conditions as contained in the BTA
Nibe Ltd has received a Purchase Order from One of the leading Infra and Defence Company provider for Supply of Gun Stand Assembly for a total consideration of ₹25.96 crore. The order will be executed in tranches by November 30, 2026.
Consolidated Construction Consortium Ltd (CCCL) has announced that the Buildings & Factories (B&F) vertical has received various orders from different clients for ₹200.13 crore in the FY 2025-2026, till date.
Popular Vehicles & Services Ltd has announced that its 100% step down subsidiary Kuttukaran Cars Pvt Ltd has received a Letter of Intent (LOI) for setting up Ather facilities in Chennai, Tamil Nadu. The facilities will be spread across two locations – one housing the Experience Centre, and the other accommodating the Service Centre and warehouse.
Titagarh Rail Systems has announced plans to raise ₹200 crore through a preferential allotment of 21,16,402 convertible warrants to members of its Promoter Group. The issue size IS 21,16,402 warrants amounting to ₹200 CRORE 890. and the warrant exercise price is ₹945 per warranT.
Indobell Insulations Ltd has secured an export order from for Design and Supply of Insulation worth $48,656.
Published on July 11, 2025
