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Inventure Growth Receives NSE/BSE No-Objection for Scheme of Arrangement and Demerger
Inventure Growth & Securities Limited has received 'No adverse observation' letters from both BSE and NSE regarding its proposed composite Scheme of Arrangement. The scheme involves the amalgamation of four subsidiaries into the parent company, followed by the demerger of the 'Lending Business Undertaking' into a separate entity, Inventure Wealth Management Limited. This regulatory clearance is a significant milestone, allowing the company to move forward with filing the scheme before the National Company Law Tribunal (NCLT). The restructuring aims to consolidate group entities and create a focused lending business unit.
Key Highlights
Received 'No objection' letters from BSE and NSE on December 22, 2025, for the proposed restructuring.
Amalgamation of 4 subsidiaries (Inventure Finance, Commodities, Insurance Broking, and Developers) into the parent company.
Demerger of the 'Lending Business Undertaking' into Inventure Wealth Management Limited (IWML).
The company must file the scheme with the NCLT within the 6-month validity period of the observation letter.
Final implementation is strictly subject to obtaining a No Objection Certificate (NOC) from the Reserve Bank of India (RBI).
💼 Action for Investors
Investors should view this as a positive regulatory step toward corporate simplification and business focus. Monitor for the next key milestones: the receipt of the RBI NOC and the subsequent NCLT approval process.
SAL Steel Appoints Mahesh Kumar Agarwal as Chairperson and Whole-Time Director for 5 Years
S.A.L. Steel Limited has announced the appointment of Shri Mahesh Kumar Agarwal as an Additional Director, designated as Whole-Time Director and Chairperson, effective December 23, 2025. Mr. Agarwal brings over 40 years of extensive experience in the Mining and Steel industry to the board. The appointment is for a tenure of five years, subject to the approval of the company's shareholders. This leadership change aims to leverage his deep industry expertise to drive the company's growth.
Key Highlights
Appointment of Shri Mahesh Kumar Agarwal as Chairperson and Whole-Time Director effective December 23, 2025
The appointee brings over 40 years of management experience in the Mining and Steel sectors
The term of appointment is set for 5 years, pending shareholder approval
Disclosure reveals a familial relationship as he is the father of Director Shri Kaustubh Agarwal
💼 Action for Investors
Investors should monitor the company's strategic direction under the new Chairperson's leadership, though no immediate portfolio changes are necessitated by this routine management update.
Info Edge to Invest Rs 46.81 Crore in Unbox Robotics, Increasing Stake to 9.29%
Info Edge (India) Limited, through its subsidiary Redstart Labs, has agreed to invest Rs 46.81 crore in Unboxrobotics Labs Private Limited. This follow-on investment will increase Info Edge's total stake in the robotics startup from 5.49% to 9.29% on a fully diluted basis. Unbox Robotics specializes in warehouse automation and autonomous mobile robots, showing strong revenue growth from Rs 1.11 crore in FY23 to Rs 13.51 crore in FY25. Although the target entity remains loss-making with a PAT loss of Rs 18.68 crore in FY25, the move aligns with Info Edge's strategy of long-term value creation through tech-driven startups.
Key Highlights
Total investment of Rs 46.81 crore to increase shareholding from 5.49% to 9.29%.
Unbox Robotics revenue surged from Rs 1.11 crore in FY23 to Rs 13.51 crore in FY25.
Target entity reported a net loss of Rs 18.68 crore and a net worth of Rs 45.26 crore as of March 2025.
Acquisition involves a mix of primary (1,619 CCPS) and secondary (171 Equity, 137 CCPS) securities.
The transaction is expected to be completed within 2 months from the approval date.
💼 Action for Investors
Investors should monitor this as part of Info Edge's broader venture capital-style portfolio, which has historically yielded significant value through companies like Zomato. No immediate action is necessary as the investment size is small compared to Info Edge's overall balance sheet.
Supreme Petrochem Clarifies Amdoshi Plant Operations; Main Production Units Fully Functional
Supreme Petrochem Limited (SPLPETRO) has issued a formal clarification regarding false rumors of a total shutdown at its Amdoshi Plant in Maharashtra. The company stated that only the newly installed closure equipment is temporarily affected, while the rest of the facility remains fully operational. Production of key materials including PS, EPS, GPPS, HIPS, and XPS is continuing without any hindrance. This announcement aims to protect investor interests by correcting misreported facts circulating in the public domain.
Key Highlights
Denied reports of a complete shutdown at the Amdoshi Plant in Maharashtra
Confirmed that only the newly setup closure equipment is currently non-operational
Core production lines for PS, EPS, GPPS, HIPS, and XPS remain fully functional
Clarification issued under SEBI Regulation 30(11) to address misleading public information
💼 Action for Investors
Investors should disregard rumors of a total plant shutdown as core production remains unaffected. Monitor for any further updates regarding the timeline for the new closure equipment to become operational.
Laurus Labs Invests ₹49 Crore in KRKA Pharma JV via Rights Issue
Laurus Labs has completed an investment of ₹490 million (₹49 crore) in its joint venture, KRKA Pharma Private Limited. The company acquired 49 million equity shares at a face value of ₹10 each through a rights issue. This transaction follows the initial proposal announced on July 25, 2025. The capital infusion is aimed at strengthening the joint venture's operations and supporting its strategic objectives.
Key Highlights
Invested INR 490 million (₹49 crore) in KRKA Pharma Private Limited
Acquired 49 million equity shares at a face value of ₹10 per share
The investment was executed through a rights issue mechanism
KRKA Pharma is an existing joint venture of Laurus Labs
💼 Action for Investors
Investors should view this as a strategic commitment to the company's joint venture operations and monitor the JV's future contribution to the consolidated bottom line.
APSEZ Completes NQXT Australia Acquisition; Raises FY26 EBITDA Guidance to ₹23,350 Cr
Adani Ports has successfully completed the 100% acquisition of North Queensland Export Terminal (NQXT) in Australia by allotting 14.38 crore equity shares on a preferential basis. Following this acquisition, the company has significantly raised its FY26 EBITDA guidance to ₹22,350-23,350 crore from the previous ₹21,000-22,000 crore. Cargo volume guidance for FY26 has also been increased by 40 MMT to a new range of 545-555 MMT. NQXT is a high-growth, cash-generating asset with a 50 MTPA capacity and a long-term lease valid until 2110.
Key Highlights
Allotted 14,38,20,153 equity shares as non-cash consideration for 100% stake in NQXT Australia.
Revised FY26 EBITDA guidance upwards by approximately ₹1,350 crore to a peak of ₹23,350 crore.
Increased FY26 cargo volume guidance to 545-555 MMT, supporting the 2030 goal of 1 billion tonnes.
NQXT delivered A$ 228 million EBITDA in FY25, representing 7% of APSEZ's proforma EBITDA.
The asset features a long-term lease of 85 years remaining and a nameplate capacity of 50 MTPA.
💼 Action for Investors
Investors should note the immediate earnings accretion and the strategic expansion into the East-West trade corridor. The upward revision in guidance and the non-cash nature of the deal are strong positives for the stock's valuation.
Awfis to Transfer Design & Build Unit to Subsidiary via Slump Sale for ₹26.59 Cr Book Value
Awfis Space Solutions is seeking shareholder approval to transfer its Design and Build (D&B) business segment to its wholly-owned subsidiary, Awfis Transform Private Limited. The transaction is structured as a slump sale on a going concern basis, with the book value of the business estimated at approximately INR 265.91 million as of September 30, 2025. The final consideration will be determined by an independent valuation report expected by March 31, 2026. This internal restructuring likely aims to provide better operational focus for the D&B vertical.
Key Highlights
Transfer of Design and Build (D&B) business to wholly-owned subsidiary Awfis Transform Private Limited.
Transaction to be executed on a slump sale basis as a going concern.
Book value of the D&B undertaking is approximately INR 265.91 million as of September 30, 2025.
Final valuation to be determined by an independent registered valuer on or before March 31, 2026.
Shareholder e-voting period runs from December 24, 2025, to January 22, 2026.
💼 Action for Investors
Investors should monitor the final valuation of the D&B business relative to its book value and assess if this restructuring leads to improved margins for the core co-working business. No immediate action is required as this is an internal group restructuring.
Thirumalai Chemicals Allots 18.96 Lakh Shares to Promoters, Raising ₹56.14 Crores
Thirumalai Chemicals has successfully completed the allotment of 1,896,614 equity shares on a preferential basis to its promoter group at a price of ₹296 per share. This transaction has raised approximately ₹56.14 crores for the company, with the promoter group entity Ultramarine and Pigments Ltd contributing the bulk of the investment (₹45 crores). The allotment increases the company's total paid-up capital from 11.87 crore shares to 12.06 crore shares. This capital infusion by the promoters signals strong internal confidence in the company's long-term growth prospects.
Key Highlights
Allotment of 1,896,614 equity shares of face value ₹1 each at an issue price of ₹296 per share.
Total fundraise aggregates to ₹56,13,97,744 through a preferential issue to 16 promoter group entities.
Ultramarine and Pigments Ltd emerged as the largest allottee, subscribing to 1,520,270 shares.
Post-allotment, the company's paid-up capital has increased to ₹12,05,52,774 divided into 12.05 crore shares.
💼 Action for Investors
Investors should take note of the promoter group's decision to infuse capital at ₹296 per share, which serves as a benchmark for valuation and a sign of management's commitment. Monitor the company's upcoming quarterly results to see how this additional capital is deployed for operational expansion.
Arisinfra Bags ₹35 Crore Asphalt Order for Road Infrastructure Projects
Arisinfra Solutions Limited has secured a significant asphalt order worth ₹35 crore through its subsidiary, Buildmex Infra Pvt Ltd. The order, awarded by Goswami Infra, involves asphalt supply and execution-linked works, marking the company's decisive entry into the road infrastructure segment. This win validates Arisinfra's asset-light, technology-enabled network model, which focuses on execution precision without heavy asset ownership. The company expects this project to lead to additional high-value opportunities as corridor works progress.
Key Highlights
Secured a ₹35 crore asphalt order from Goswami Infra via subsidiary Buildmex Infra Pvt Ltd
Order involves both material supply and execution-linked works for road infrastructure
Validates the scalability of the company's asset-light, network-driven business model
Marks the transition of Arisinfra's asphalt business into live, revenue-generating operations
Potential for further orders as the current infrastructure corridor works progress
💼 Action for Investors
Investors should view this as a positive validation of Arisinfra's business model in the execution-heavy infrastructure space. Monitor the company's ability to maintain margins while scaling this asset-light approach across larger projects.
Tara Chand InfraLogistic Bags INR 27.65 Crore Transportation Order from RINL
Tara Chand InfraLogistic Solutions Limited has secured a significant contract from Rashtriya Ispat Nigam Limited (RINL) for steel product transportation. The contract is valued at INR 27.65 Crores inclusive of taxes. Execution is scheduled for a six-month duration across Q4 FY26 and Q1 FY27. This domestic order strengthens the company's business pipeline and provides revenue visibility for the upcoming fiscal periods.
Key Highlights
Contract valued at INR 27.65 Crores for transportation of steel products.
Awarded by Rashtriya Ispat Nigam Limited (RINL), a domestic entity.
Project execution timeline of 6 months starting Q4 FY26.
The order is not a related party transaction, ensuring arm's length terms.
💼 Action for Investors
This win enhances revenue visibility; investors should monitor the company's execution efficiency and its impact on upcoming quarterly earnings.
TVS Electronics Allots 1.11 Crore Shares Following Merger with TVS Investments
TVS Electronics has completed a key procedural step in its merger with TVS Investments Pvt Ltd (TVSIPL) by allotting 1,11,60,093 equity shares to TVSIPL's shareholders. This allotment follows the cancellation of an identical number of shares previously held by TVSIPL in the company. Importantly, there is no change in the total issued and paid-up equity share capital of TVS Electronics as a result of this transaction. The newly issued shares will rank pari-passu with existing shares and are set to be listed on both the BSE and NSE.
Key Highlights
Cancellation of 1,11,60,093 fully paid-up equity shares of Rs 10 each held by the Transferor Company.
Allotment of 1,11,60,093 new equity shares to the shareholders of TVS Investments Pvt Ltd.
Zero net increase in the total issued and paid-up equity share capital of the company.
Record date for the entitlement of shares was fixed as December 15, 2025.
New shares will be listed on BSE and NSE and rank equally with existing equity.
💼 Action for Investors
This is a structural reorganization that simplifies the promoter holding and does not result in equity dilution. Investors should view this as a routine completion of merger formalities with no immediate impact on the company's fundamental valuation.
Arisinfra Solutions Bags ₹35 Crore Asphalt Order via Subsidiary Buildmex-Infra
Arisinfra Solutions Limited has secured a domestic purchase order valued at approximately ₹35 crore through its subsidiary, Buildmex-Infra Private Limited. The contract, awarded by Goswami Infra Projects Private Limited, involves asphalt supply and execution-linked works. The project is slated for completion within a 12-month period, providing clear revenue visibility for the upcoming year. Notably, the contract is an arm's length transaction with no promoter or related party involvement.
Key Highlights
Secured a domestic order worth approximately ₹35 crore
Contract awarded by Goswami Infra Projects Private Limited
Execution timeline of 12 months for asphalt supply and works
Order bagged through subsidiary Buildmex-Infra Private Limited
💼 Action for Investors
This order strengthens the company's revenue pipeline for the next fiscal year. Investors should monitor the company's execution efficiency and margin maintenance on this contract.
Spandana Sphoorty Allots NCDs Worth ₹415 Crore via Private Placement
Spandana Sphoorty Financial Limited has successfully allotted 41,500 Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to ₹415 crore, with each debenture having a face value of ₹1,00,000. These NCDs are rated, listed, senior, secured, and redeemable, indicating a structured debt raising exercise. This capital infusion will likely support the company's microfinance lending operations and strengthen its liquidity position.
Key Highlights
Allotment of 41,500 Rated, Listed, Senior, Secured, Redeemable NCDs.
Total capital raised through the private placement is ₹415 crore.
Face value per debenture is fixed at ₹1,00,000.
The allotment was approved by the Management Committee of the Board on December 23, 2025.
💼 Action for Investors
Investors should view this as a positive development as it demonstrates the company's ability to raise significant debt capital for business expansion. Monitor the company's upcoming quarterly results to see how this capital deployment impacts its Net Interest Margin (NIM).
GAIL Signs MoU for 12.7 LMT Gas-Based Fertilizer Project in Chhattisgarh
GAIL (India) Limited has entered into a non-binding MoU with the Government of Chhattisgarh to develop a greenfield gas-based fertilizer project. The proposed plant aims for a urea manufacturing capacity of 12.7 Lacs Metric Ton (LMT) and will be strategically located along the Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL) corridor. This move signifies GAIL's intent to diversify into the fertilizer sector while leveraging its existing gas transmission infrastructure. A final investment decision will follow detailed techno-economic feasibility studies.
Key Highlights
Proposed setup of a 12.7 Lacs Metric Ton (LMT) urea manufacturing plant in Chhattisgarh.
Strategic alignment with the Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL) for feedstock efficiency.
Non-binding MoU signed with the State Government for land allocation and statutory support.
Project aims to enhance domestic fertilizer production and utilize GAIL's downstream gas capabilities.
Investment decision is pending the outcome of techno-economic feasibility evaluations.
💼 Action for Investors
Investors should view this as a positive long-term diversification strategy that utilizes GAIL's core gas infrastructure. Monitor future announcements regarding the techno-economic study results and the final capital expenditure commitment.
Cohance Lifesciences Seeks Approval for Himanshu Agarwal as WTD and CFO for 5-Year Term
Cohance Lifesciences Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Himanshu Agarwal as a Whole-time Director and Chief Financial Officer. The proposed appointment is for a five-year tenure, effective from October 29, 2025, to October 28, 2030. Shareholders can participate in the remote e-voting process which commences on December 24, 2025, and concludes on January 22, 2026. This move aims to formalize his position after his initial appointment as an Additional Director by the Board.
Key Highlights
Appointment of Mr. Himanshu Agarwal as Whole-time Director and CFO for a period of 5 years.
The term of appointment is set from October 29, 2025, through October 28, 2030.
Remote e-voting period is scheduled from December 24, 2025 (9:00 AM) to January 22, 2026 (5:00 PM).
The cut-off date for determining shareholder eligibility for voting was December 19, 2025.
Final voting results are expected to be declared on or before January 23, 2026.
💼 Action for Investors
Investors should take note of the leadership continuity in the finance function and may participate in the e-voting process as per the provided schedule. This is a routine regulatory requirement for confirming executive appointments.
Dynamatic Tech Appoints Former IAF Chief and Legal Expert to Board for 5-Year Term
Dynamatic Technologies has appointed Air Chief Marshal V.R. Chaudhari (Retd.) and Ms. Shyamala Venkatachalam as Additional Independent Directors for a five-year term effective December 23, 2025. Air Chief Marshal Chaudhari, the former Chief of Air Staff, brings over 3,650 flying hours and deep expertise in aerospace technologies and defense procurement. Ms. Venkatachalam is a legal veteran with over 22 years of experience in regulatory affairs and intellectual property. These high-profile appointments are strategically aligned with the company's focus on dominating the aerospace and UAV sectors while strengthening corporate governance.
Key Highlights
Appointment of former IAF Chief V.R. Chaudhari as Independent Director for a 5-year term until 2030
Appointment of legal expert Ms. Shyamala Venkatachalam as Independent Director for a 5-year term
Strategic focus on leveraging Air Chief Marshal Chaudhari's expertise in UAV ecosystems and defense procurement
Strengthening of IP rights and governance framework through Ms. Venkatachalam's 22+ years of legal experience
Appointments are subject to shareholder approval and effective from December 23, 2025
💼 Action for Investors
The addition of a former Air Force Chief to the board is a significant strategic move for an aerospace company and should boost investor confidence in its defense sector growth. Investors should view this as a positive step toward better contract execution and technological scaling.
Bank of India Raises Rs 10,000 Crore via Infrastructure Bonds at 7.23% Coupon
Bank of India has successfully raised Rs 10,000 crore through the issuance of Long Term Infrastructure Bonds (Series IV) on a private placement basis. The issue saw strong investor interest, being oversubscribed by 3.06 times against the base size of Rs 5,000 crore, with total bids reaching Rs 15,305 crore. The bank accepted the full Rs 10,000 crore (including the green shoe option) at a competitive coupon rate of 7.23% per annum. This capital raise will support the bank's long-term lending capabilities in the infrastructure sector.
Key Highlights
Raised Rs 10,000 crore through Long Term Infrastructure Bonds Series IV
Issue oversubscribed 3.06x against base size with bids totaling Rs 15,305 crore
Final coupon rate fixed at 7.23% per annum on a private placement basis
Accepted 37 bids out of 83 received on the NSE Electronic Bidding Platform
Deemed date of allotment is scheduled for December 26, 2025
💼 Action for Investors
The strong oversubscription and competitive pricing reflect high institutional confidence in the bank's creditworthiness. Investors should monitor how this low-cost long-term capital improves the bank's margins and infrastructure lending book.
HCLTech Partners with Microsoft Discovery Platform for AI-Driven Research Innovation
HCLTech has joined Microsoft's Discovery platform, an advanced agentic AI system designed to accelerate scientific breakthroughs in fields like drug discovery and semiconductor design. This strategic collaboration involves deep technical onboarding and joint go-to-market strategies to leverage HCLTech's domain expertise for enterprise-scale applications. The company, which reported $14.2 billion in consolidated revenue for the 12 months ending September 2025, aims to utilize this platform to deliver faster innovation to its global clients. This move strengthens HCLTech's position in the high-growth Engineering R&D and AI services market.
Key Highlights
HCLTech joins a select group of innovators on Microsoft's agentic AI platform for scientific research.
Collaboration targets breakthroughs in chemistry, materials science, drug discovery, and semiconductor design.
Company reported consolidated revenues of $14.2 billion for the 12-month period ending September 2025.
Partnership includes joint go-to-market opportunities and the development of co-innovation labs.
HCLTech employs over 226,600 people across 60 countries, supporting its global scale for this initiative.
💼 Action for Investors
Investors should view this as a positive strategic alignment that enhances HCLTech's capabilities in the high-margin Engineering R&D segment. Monitor for future contract wins specifically within the Life Sciences and Semiconductor verticals as a result of this AI partnership.
Peninsula Land Redeems Final ₹37.5 Cr OCDs; Nominee Director Steps Down
Peninsula Land Limited has successfully completed the full redemption of its Optionally Convertible Debentures (OCDs) held by RE 2.0 Residential Opportunities Fund. The company redeemed the final Tranche B of 66,37,168 OCDs worth ₹37.5 crore on December 23, 2025, following a previous ₹112.5 crore redemption. As a result of this full repayment, the investor's right to a board seat has expired, leading to the cessation of Nominee Director Mr. Hrishikesh Parandekar. This move effectively clears the debt obligations under the 2024 OCD Subscription Agreement and simplifies the company's board structure.
Key Highlights
Completed redemption of 66,37,168 Tranche B OCDs worth ₹37.5 crore on December 23, 2025.
Total OCD redemption across both tranches amounts to approximately ₹150 crore.
Full discharge of all obligations to RE 2.0 Residential Opportunities Fund.
Cessation of Nominee Director Mr. Hrishikesh Parandekar from the board effective immediately.
Elimination of potential equity dilution that would have occurred upon conversion of the OCDs.
💼 Action for Investors
The full redemption of convertible debt is a positive signal of liquidity and reduces future equity dilution risks. Investors should monitor the company's debt-to-equity ratio in upcoming filings to confirm continued balance sheet strengthening.
Central Bank of India Declares RCOM Subsidiary RTL's Loan Accounts as Fraud (₹18.40 Cr)
Central Bank of India has classified the loan accounts of Reliance Telecom Limited (RTL), a subsidiary of Reliance Communications (RCOM), as fraud involving ₹18.40 crore. This classification follows a forensic audit by BDO India LLP which identified irregularities in account conduct dating back to 2020. Both RCOM and RTL are currently undergoing the Corporate Insolvency Resolution Process (CIRP), with resolution plans already approved by creditors and awaiting NCLT approval. The company claims protection under Section 32A of the IBC against offenses committed prior to the commencement of insolvency proceedings.
Key Highlights
Central Bank of India declared RTL's loan accounts as fraud involving ₹18.40 crore and reported it to the RBI on December 16, 2025.
The fraud classification is based on a forensic audit report by BDO India LLP dated October 15, 2020, which noted anomalies under the Bhartiya Nyaya Sanhita.
RCOM and RTL have been under the Corporate Insolvency Resolution Process (CIRP) since June 2019.
The company is seeking legal advice and intends to utilize Section 32A of the IBC for protection against liabilities for pre-CIRP offenses.
Resolution plans for both entities are currently sub-judice and awaiting final approval from the Hon'ble NCLT.
💼 Action for Investors
Investors should exercise extreme caution as the company is already in insolvency and fraud declarations increase legal risks. Equity shareholders typically face total loss or negligible recovery in such insolvency resolution scenarios.