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Sundrop Brands Receives SEBI SAST Disclosure from Promoter CAG-Tech (Mauritius)
Sundrop Brands Limited, formerly known as Agro Tech Foods, has received a shareholding disclosure from its promoter entity, CAG-Tech (Mauritius) Limited. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on December 24, 2025. This regulation typically requires reporting when a change in shareholding exceeds 2% of the company's total voting rights. The filing follows the company's recent rebranding and name change to Sundrop Brands.
Key Highlights
Disclosure received from promoter CAG-Tech (Mauritius) Limited on December 24, 2025.
Filing made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 29(2).
Regulation 29(2) triggers when a change in shareholding or voting rights exceeds the 2% threshold.
The company recently completed its name change from Agro Tech Foods Limited to Sundrop Brands Limited.
💼 Action for Investors
Investors should review the specific details of the shareholding change to see if the promoter is increasing or decreasing their stake. An increase in promoter holding is typically a positive signal of confidence in the company's future prospects.
GIPCL Completes 600 MW Solar Project with Final 135 MW Commissioning at Khavda
Gujarat Industries Power Company Limited (GIPCL) has successfully commissioned the fifth and final phase of 135 MW at its Khavda solar site. This milestone marks the full operationalization of the 600 MW Solar Power Project located within the 2,375 MW Renewable Energy Park in the Great Rann of Kutch. The completion of this project is expected to significantly enhance the company's renewable energy generation capacity and contribute to revenue growth. This move aligns with the company's strategic shift towards increasing its green energy footprint.
Key Highlights
Successfully commissioned the final 135 MW phase of the solar project
Total 600 MW solar capacity at Khavda is now fully operational
Project is part of the larger 2,375 MW Renewable Energy Park at Great Rann of Kutch
Completion follows the previous progress update issued on November 20, 2025
💼 Action for Investors
Investors should recognize this as a significant milestone that will start reflecting in the company's revenue and EBITDA from the next quarter. The stock remains a strong play in the renewable energy transition space within the utility sector.
GRM Overseas Allots 12.27 Crore Bonus Equity Shares in 2:1 Ratio
GRM Overseas Limited has completed the allotment of 12,27,04,000 bonus equity shares to eligible shareholders. The bonus issue was executed in a 2:1 ratio, providing two new shares for every one share held as of the record date, December 24, 2025. Following this allotment, the company's total paid-up share capital has increased to Rs. 36.81 crore. The new shares will rank equally with existing shares and are being issued in dematerialized form.
Key Highlights
Allotment of 12,27,04,000 fully paid-up bonus equity shares of face value Rs. 2 each.
Bonus issue ratio confirmed at 2:1 (two new shares for every one existing share).
Total paid-up share capital increased to Rs. 36,81,12,000 consisting of 18,40,56,000 equity shares.
Record date for the bonus eligibility was December 24, 2025.
Allotted shares will rank pari-passu in all respects with existing equity shares.
💼 Action for Investors
Investors should observe the increase in share quantity in their demat accounts and the proportional adjustment in the market price. No manual action is required as the shares will be credited automatically to eligible shareholders.
Apollo Micro Systems Secures ₹100.25 Crore Order for Unmanned Aerial Systems
Apollo Micro Systems Limited has bagged a substantial order worth INR 1,002.47 million for the supply of Unmanned Aerial Systems. The order, received from a private company, is intended for the Ministry of Defence. A key positive is the short execution timeline of just four months, which suggests immediate revenue recognition. This development reinforces the company's growing footprint in the Indian defence electronics and drone segment.
Key Highlights
Total order value amounts to INR 1,002.47 million (approximately ₹100.25 crores).
The contract involves the supply of Unmanned Aerial Systems (UAS) for the Ministry of Defence.
The order is scheduled for rapid execution within a short period of four months.
The win strengthens the company's position in the high-growth defence technology sector.
💼 Action for Investors
The stock is likely to react positively to this significant order win and short execution cycle. Investors should monitor the company's upcoming quarterly results for the realization of this revenue and margin performance.
Dilip Buildcon Declared L-1 Bidder for ₹1,850 Cr Karnataka Power Transmission Project
Dilip Buildcon Limited (DBL) has been selected as the successful bidder for an intra-state transmission project in Karnataka by REC Power Development and Consultancy Limited. The project involves establishing a 400 kV sub-station at Mekhali and associated transmission lines on a Build, Own, Operate and Transfer (BOOT) basis. The EPC value for the project is estimated at ₹1,850 crore excluding GST, with a construction timeline of 24 months. This contract provides long-term revenue visibility as the transmission service agreement spans 35 years from the commercial operation date.
Key Highlights
EPC contract value is ₹1,850 crore excluding GST
Project involves a 400/220/33 kV AIS sub-station and associated lines in Belagavi District
Execution on BOOT basis under Tariff Based Competitive Bidding (TBCB) for 35 years
Construction and commissioning to be completed within 24 months from the effective date
DBL will acquire 100% equity of the Project SPV to act as the Transmission Service Provider
💼 Action for Investors
This order win significantly strengthens DBL's order book and diversifies its portfolio into power transmission. Investors should monitor the company's execution efficiency and capital allocation for this BOOT-model project.
OMDC Files Supreme Court Appeals Against Calcutta HC Order in Jai Balaji Dispute
The Orissa Minerals Development Company (OMDC) has moved the Supreme Court of India following an adverse ruling by the Calcutta High Court on December 9, 2025. The High Court dismissed OMDC's appeals, thereby upholding a previous Arbitral Tribunal award in favor of Jai Balaji Industries Limited. In response, OMDC filed two Special Leave Petitions (SLPs) on December 19, 2025, to contest the decision. This ongoing litigation represents a significant legal hurdle and potential financial liability for the company.
Key Highlights
OMDC filed two Special Leave Petitions (SLPs) in the Supreme Court on December 19, 2025.
The SLPs (Diary Nos. 73816/2025 and 73842/2025) challenge the Calcutta High Court's dismissal of OMDC's appeals.
The dispute involves an Arbitral Tribunal award previously affirmed by the Ld. ADJ, Barasat.
The legal battle is against Jai Balaji Industries Limited regarding long-standing contractual or operational issues.
💼 Action for Investors
Investors should exercise caution as the High Court's dismissal of OMDC's appeal increases the likelihood of a payout. Monitor the Supreme Court's admission of the SLPs and check the contingent liabilities section of the balance sheet for the specific award amount.
Titan Launches First Lab Grown Diamond Store 'beYon' in Mumbai on Dec 29
Titan Company is entering the emerging Lab Grown Diamond (LGD) segment with the launch of its new brand 'beYon' on December 29, 2025. The first exclusive retail store will open in Mumbai, marking a strategic expansion into lifestyle categories beyond watches and traditional jewellery. The company has already outlined immediate plans to scale this brand with additional stores in Mumbai and Delhi. This move allows Titan to capture the growing demand for sustainable and affordable luxury among modern consumers.
Key Highlights
Official launch of 'beYon - from the House of Titan' brand on December 29, 2025
First exclusive store for Lab Grown Diamond (LGD) jewellery to be located in Mumbai
Immediate expansion roadmap includes opening multiple stores in Mumbai and Delhi
Diversification strategy to cater to lifestyle needs beyond watches, perfumes, and sarees
💼 Action for Investors
Investors should view this as a positive diversification into a high-growth category that could offer better margins and attract a younger demographic. Monitor the brand's scalability and its impact on the core Tanishq business over the coming quarters.
Tata Steel Subsidiaries Face EUR 1.4 Billion Class Action Lawsuit in Netherlands
Tata Steel's Dutch subsidiaries, TSN, have been served a writ of summons for a collective action seeking approximately EUR 1.4 billion (approx. ₹12,800 crore) in compensation. The lawsuit, filed by Stichting Frisse Wind.nu, alleges health damages and property value losses due to emissions from the IJmuiden plant. The legal proceedings under the Dutch WAMCA regime are expected to be lengthy, with two phases each taking 2-3 years to conclude. Tata Steel intends to vehemently defend the claim, labeling it as speculative and unsubstantiated while highlighting its ongoing environmental investments.
Key Highlights
Claimants seek EUR 1.4 billion in compensation for alleged health issues and loss of home enjoyment.
The litigation involves two phases, admissibility and merits, each expected to take 2-3 years.
The class action is backed by third-party funders Redbreast Associates N.V. and Omni Bridgeway S.A.
Tata Steel asserts that the claim lacks merit and highlights its Roadmap+ and Green Steel Plan investments.
No immediate financial impact is expected as the debate on quantum is years away.
💼 Action for Investors
Investors should treat this as a long-term contingent liability; while the quantum is significant, the 4-6 year legal timeline suggests no immediate impact on cash flows. Monitor the admissibility phase results in the coming years.
QPOWER to Acquire 76% Stake in Veeral Controls for ₹15.20 Crore
Quality Power Electrical Equipments (QPOWER) has executed an agreement to acquire a 76% majority stake in Veeral Controls Private Limited for a cash consideration of ₹15.20 crore. Veeral Controls specializes in high-current power electronics and rectifiers, serving mission-critical sectors like defense, railways, and nuclear energy. While the target's FY25 turnover was modest at ₹4.19 crore, the acquisition provides QPOWER with proprietary technology essential for the green hydrogen and traction markets. This strategic move is expected to create significant product synergies and expand QPOWER's addressable market in the global energy transition space.
Key Highlights
Acquisition of 76% equity stake in Veeral Controls through a primary capital infusion of ₹15.20 crore.
Target company specializes in high-current rectifier systems and power conversion for defense, rail, and nuclear sectors.
Veeral Controls reported a turnover of ₹4.19 crore for FY25, up from ₹2.94 crore in FY24.
The deal includes full board control and acquisition of all assets, land, and factory infrastructure.
Marquee client base includes the Indian Navy, DRDO, BARC, BHEL, and Indian Railways.
💼 Action for Investors
Investors should monitor how QPOWER integrates Veeral's specialized power conversion technology to scale its presence in the green hydrogen and defense sectors. The acquisition is a strategic technology play that could drive long-term value despite the target's currently small revenue base.
Radiant CMS Clarifies Potential NBFC Entry Plans Over Next 3 Years
Radiant Cash Management Services (RCMS) has clarified media reports regarding its entry into the NBFC sector, stating it is a long-term consideration for the next three years. While the Chairman expressed interest in the vertical, the Board of Directors has not yet formally considered or approved any such proposal. The company currently maintains a dominant 40% market share in the retail cash management segment, handling approximately Rs 1.4 trillion annually. Its fintech vertical is also showing traction, recording over Rs 400 crore in transactions during Q2 FY26.
Key Highlights
Potential NBFC entry is a long-term strategic goal targeted over the next 3 years.
Company handles Rs 1.4 trillion in retail cash annually, representing a 40% market share.
Fintech vertical recorded transactions exceeding Rs 400 crore in Q2 FY26 across 75,000 POS machines.
Network covers over 14,000 pincodes across all districts in India.
No formal proposal or decision has been made by the Board of Directors as of December 25, 2025.
💼 Action for Investors
Investors should view this as a long-term strategic roadmap rather than an immediate catalyst, as no formal board approval exists. Monitor future announcements regarding the NBFC license or potential acquisitions which could diversify the company's revenue streams.
Sarda Energy Subsidiary Chhattisgarh Hydro Power Credit Rating Upgraded to ICRA A+
ICRA has upgraded the credit rating for Sarda Energy & Minerals Limited's wholly-owned subsidiary, Chhattisgarh Hydro Power LLP. The rating for long-term facilities, including a significant term loan of ₹175.36 crore, has been raised from ICRA A (Stable) to ICRA A+ (Stable). This upgrade indicates improved financial stability and creditworthiness of the subsidiary's operations. The total debt facilities impacted by this upgrade amount to approximately ₹185.26 crore.
Key Highlights
ICRA upgraded the credit rating of Chhattisgarh Hydro Power LLP from ICRA A (Stable) to ICRA A+ (Stable).
The upgrade applies to a long-term fund-based term loan worth ₹175.36 crore.
Cash credit facilities of ₹5.00 crore and non-fund based facilities of ₹4.90 crore were also upgraded to ICRA A+.
Chhattisgarh Hydro Power LLP is a 100% wholly-owned subsidiary of Sarda Energy & Minerals Ltd.
💼 Action for Investors
Investors should view this as a positive development reflecting the group's strengthening financial profile and potential for lower borrowing costs. No immediate action is required, but it reinforces confidence in the company's debt management.
Kamdhenu Shareholders Approve Reallocation of ₹57.44 Cr Preferential Issue Proceeds
Kamdhenu Limited has received shareholder approval to modify the utilization of proceeds from its previous preferential issue. The revised allocation focuses on a total of ₹57.44 crore, with the deadline for spending extended to December 31, 2026. Notably, the company is significantly reducing its planned capital expenditure and franchisee investments while increasing its focus on brand strengthening. The resolution passed with nearly 100% support from voting shareholders.
Key Highlights
Total revised allocation of preferential issue proceeds stands at ₹5,744 lakhs (₹57.44 crore).
Timeline for fund utilization extended by one year to December 31, 2026.
Capital expenditure for manufacturing/offices drastically reduced from ₹14 crore to ₹1.05 crore.
Brand strengthening budget increased by 42.5% to ₹14.25 crore from the original ₹10 crore.
Resolution passed with 141.87 million votes in favor and only 13,711 against.
💼 Action for Investors
Investors should note the company's strategic shift away from direct capital expenditure towards brand-led growth. This move suggests a more asset-light approach, which should be monitored for its impact on future margins.
Kamdhenu Shareholders Approve Reallocation of ₹97 Cr Preferential Issue Proceeds
Kamdhenu Limited has received shareholder approval to modify the allocation of funds raised through its previous preferential issue. The company is significantly reducing budgets for capital expenditure and franchisee investments while increasing the allocation for brand positioning to ₹14.25 crore. Additionally, the timeline for utilizing these proceeds has been extended by one year to December 31, 2026. This shift indicates a strategic pivot towards brand building over immediate physical expansion or acquisitions.
Key Highlights
Timeline for utilization of preferential issue proceeds extended to December 31, 2026
Allocation for brand positioning and corporate image increased from ₹10 crore to ₹14.25 crore
Capital expenditure for manufacturing and new offices slashed from ₹14 crore to ₹1.05 crore
Investment in franchisee units revised downwards from ₹35 crore to ₹23 crore
Special resolution passed with 14.18 crore votes in favor versus only 13,711 against
💼 Action for Investors
Investors should note the shift in strategy from asset-heavy expansion to brand-led growth and monitor if this leads to improved asset-light margins. The extension of the timeline suggests a slower-than-expected deployment of capital which warrants a watch on execution timelines.
AVG Logistics Signs 5-Year MoU with Baidyanath LNG for Sustainable Transport Solutions
AVG Logistics has entered into a 5-year Memorandum of Understanding (MoU) with Baidyanath LNG Private Limited to accelerate the adoption of LNG-powered transportation in India. The partnership aims to leverage Baidyanath's LNG infrastructure and fueling stations to serve AVG's logistics network, focusing on sectors like steel, FMCG, and cement. With FY25 revenue of ₹551.52 Cr and EBITDA of ₹95.57 Cr, AVG expects this initiative to optimize fuel costs and drive margin expansion. Commercial terms will be finalized through separate agreements as specific opportunities are identified.
Key Highlights
Signed a 5-year strategic MoU with Baidyanath LNG for LNG infrastructure and fueling solutions.
Aims to transition heavy trucking to LNG to enhance operating efficiency and reduce fuel costs.
AVG operates a fleet of 3,000+ vehicles and 705,000 Sq. Ft. of warehousing space.
Targeting high-volume logistics segments including steel, metals, FMCG, and cement.
Company reported FY25 Revenue of ₹551.52 Cr and EBITDA of ₹95.57 Cr.
💼 Action for Investors
Investors should view this as a positive long-term strategic move to reduce operating costs and align with green energy trends. Monitor the pace of LNG fleet integration and its impact on the company's operating margins in upcoming quarters.
Ola Electric Secures ₹366.78 Crore PLI-Auto Incentive for FY25
Ola Electric has received a sanction order for ₹366.78 crore from the Ministry of Heavy Industries under the Production Linked Incentive (PLI) Scheme for FY 2024-25. This incentive is based on the Determined Sales Value of the company's electric vehicles and components, reflecting its successful localization and manufacturing scale. The funds will be disbursed through IFCI Limited, providing a significant boost to the company's cash flow. This development validates Ola's vertically integrated manufacturing model and its eligibility for government-backed financial support.
Key Highlights
Sanction order received for ₹366.78 crore under the PLI-Auto Scheme for FY 2024-25.
Incentive pertains to the Demand Incentive for the Determined Sales Value of the company.
Disbursement to be released through IFCI Limited, the designated financial institution.
Reinforces Ola's role in India's advanced automotive manufacturing and EV ecosystem.
Reflects successful execution of localization and technology-led vertical integration.
💼 Action for Investors
Investors should view this as a positive development that improves liquidity and validates the company's manufacturing strategy. Monitor the company's sales trajectory as future PLI benefits are directly linked to sales performance and localization milestones.
CreditAccess Grameen Wins Income Tax Appeal; ₹46.03 Crore Demand Deleted
CreditAccess Grameen Limited has received a favorable ruling from the Commissioner of Income-tax (Appeals) regarding a tax dispute for Assessment Year 2022-23. The order, dated December 24, 2025, allows the company's appeal and completely deletes the previously issued demand of ₹46.03 crore. This resolution effectively removes a significant contingent liability that had been pending since March 2024. The decision by the National Faceless Appeal Centre provides financial clarity and eliminates the risk of a major cash outflow related to this specific tax matter.
Key Highlights
Commissioner of Income-tax (Appeals) allowed the company's appeal on December 24, 2025.
Income tax demand of ₹46.03 crore for Assessment Year 2022-23 has been deleted.
The original demand order was dated March 18, 2024.
The ruling was issued by the National Faceless Appeal Centre, Income Tax Department.
💼 Action for Investors
Investors should view this as a positive development that clears a legal hurdle and protects the company's cash flows. No immediate portfolio changes are necessary based on this news alone.
Sudeep Pharma Q2 FY26: Specialty Segment Grows 32% CAGR; New Plant to Commission in Q4
Sudeep Pharma conducted its maiden earnings call post-listing, highlighting a robust 32% CAGR in its specialty ingredients vertical since 2021, which now accounts for 40% of total revenue. The company is on track to commission its fifth and largest manufacturing facility in Nandesari by Q4 FY26 to address rising demand in regulated pharma and infant nutrition markets. Management clarified that 50% of its US business is exempt from recent tariffs, with customers absorbing the remaining impact, ensuring no significant volume loss. The strategic 85% acquisition of Ireland-based NSS in May 2025 further strengthens its global footprint in the high-barrier infant and medical nutrition segments.
Key Highlights
Specialty ingredients vertical achieved a 32% CAGR since 2021, contributing 40% of H1 FY26 revenues.
Fifth greenfield manufacturing facility in Nandesari, Gujarat, expected to be commissioned in Q4 FY26.
Acquired 85% stake in Ireland-based Nutrition Supplies and Services (NSS) to accelerate entry into infant nutrition.
Management confirmed 50% of US business is exempt from tariffs, with the rest seeing costs absorbed by clients.
Expanding into the battery materials market through Sudeep Advanced Materials (SAM) for LFP battery components.
💼 Action for Investors
Investors should monitor the successful commissioning and ramp-up of the Nandesari facility in Q4 FY26 as a key growth driver. The stock offers unique exposure to high-barrier pharmaceutical excipients and the emerging LFP battery material supply chain.
Ola Electric Receives ₹366.78 Cr PLI Incentive Sanction from Ministry of Heavy Industries
Ola Electric's wholly-owned subsidiary, Ola Electric Technologies Private Limited, has received a sanction order for ₹366.78 crore under the PLI-Auto Scheme. The incentive is based on the Determined Sales Value for the financial year 2024-25. The Ministry of Heavy Industries has directed IFCI Limited to release the funds to the company. This disbursement confirms the company's successful compliance with the government's manufacturing incentive requirements.
Key Highlights
Sanction of ₹366,77,59,642 incentive under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components
Incentive pertains to the Determined Sales Value achieved during FY 2024-25
Order issued by the Ministry of Heavy Industries dated December 24, 2025
Funds will be disbursed to Ola Electric Technologies Private Limited, a 100% subsidiary of the listed entity
💼 Action for Investors
This is a significant positive development as it provides a direct cash inflow and validates the company's eligibility for government incentives. Investors should look for the impact of these incentives on the company's EBITDA margins in upcoming earnings reports.
Vodafone Idea Receives GST Penalty Orders Totaling Over Rs 83 Crore
Vodafone Idea Limited has been served with two separate orders under the Central Goods and Services Tax Act, 2017. The first order from Mumbai authorities imposes a penalty of Rs 79.56 crore related to License Fee and Spectrum Usage Charges for FY 2018-19. A second order from Bengaluru authorities levies a penalty of Rs 3.58 crore for alleged short payment of tax and excess Input Tax Credit claims. The company intends to contest these orders and seek rectification or reversal through legal channels.
Key Highlights
Penalty of Rs 79,56,43,907 imposed by Deputy Commissioner of State Tax, Mumbai for FY 2018-19.
Penalty of Rs 3,58,23,621 imposed by CGST Commissionerate, Bengaluru for FY 2018-19 to FY 2022-23.
Total penalties amount to approximately Rs 83.14 crore plus additional tax demands and interest.
Allegations involve disputes over License Fees, Spectrum Usage Charges, and Input Tax Credit (ITC) claims.
Company has stated it does not agree with the orders and will pursue legal remedies.
💼 Action for Investors
Investors should monitor the outcome of the company's appeals as these tax liabilities add to the firm's existing financial strain. While the company is contesting the orders, the potential cash outflow remains a risk factor.
Kalyani Steels to Acquire 8.64% Stake in Clean Renewable Energy for Rs 5.19 Crore
Kalyani Steels Limited has entered into a Share Subscription and Shareholders Agreement to acquire an 8.64% equity stake in Clean Renewable Energy KK 1A Private Limited. The acquisition, valued at Rs 5.19 crore, is a strategic move to source power through captive renewable energy sources under the group captive scheme. The target entity is a Special Purpose Vehicle (SPV) of Hero Rooftop Energy Private Limited, incorporated in 2023. This investment is intended to optimize power costs and align with green energy initiatives.
Key Highlights
Proposed acquisition of 1,857,223 equity shares representing 8.64% of the paid-up capital.
Total cash consideration for the transaction is Rs 51,900,000 (Rs 5.19 crore).
The investment facilitates power sourcing under the group captive scheme as per the Electricity Act, 2003.
The target entity, Clean Renewable Energy KK 1A, is an SPV of Hero Rooftop Energy Private Limited.
The acquisition is not a related party transaction and is being conducted at arm's length.
💼 Action for Investors
Investors should view this as a positive step toward long-term energy cost reduction and ESG compliance. While the investment amount is relatively small, it secures a stable renewable energy source for the company's operations.