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Matrimony.com Board approves ₹58.5 Crore Buyback at ₹655/share
Matrimony.com's board approved a buyback of 8,93,129 equity shares at a price of ₹655 per share, totaling ₹58.5 Crores. This buyback represents 24.68% of the aggregate of the total paid-up Equity Share capital and free reserves of the Company based on standalone audited financial statements as at March 31, 2025. The Promoters intend not to participate in the buyback. The board also approved the re-appointment of Mr. Murugavel Janakiraman as Managing Director and Mr. Sivaramakrishnan Meenakshi Sundaram as an Independent Director.
Key Highlights
Buyback of 8,93,129 equity shares
Buyback price of ₹655 per share
Buyback size of ₹58.5 Crores
Re-appointment of Mr. Murugavel Janakiraman as Managing Director for a period from 1st April 2026 to 31st March 2029
Promoter group will not participate in the buyback
💼 Action for Investors
Shareholders should review the buyback details and postal ballot information when released to decide whether to participate in the tender offer. Monitor the record date announcement for eligibility.
Sarthak Metals Expands Business Scope into Biotech and Specialty Chemicals via MOA Amendment
Sarthak Metals Limited (SMLT) has received shareholder approval to significantly diversify its business operations by adding biotechnology and specialty chemicals to its Memorandum of Association. This strategic shift allows the company to enter high-growth sectors including bio-fertilizers, pharmaceuticals, and nutraceuticals. Additionally, the company has secured the re-appointment of Mr. Sunil Dutt Bhatt as an Independent Director for a second five-year term effective from August 2026. These developments signal a long-term intent to move beyond traditional metal-related activities into diversified industrial segments.
Key Highlights
Shareholders approved the addition of Clause 9 to the MOA to include biotechnology, enzymes, and bio-based chemicals.
The new business scope covers R&D, manufacturing, and trading of pharmaceuticals, bio-inputs, and nutraceuticals.
Mr. Sunil Dutt Bhatt re-appointed as Independent Director for a 5-year term from August 3, 2026, to August 2, 2031.
The expansion includes provisions for technology transfer, consultancy, and contract research services.
Resolutions were passed via Postal Ballot which concluded on December 12, 2025.
💼 Action for Investors
Investors should monitor management's follow-up plans regarding capital allocation and project timelines for the new biotechnology vertical. While diversification reduces cyclical metal risk, the company's execution capability in these specialized sectors will be a key performance driver.
ARMANFIN Unaudited Financial Results for Quarter Ended September 30, 2025
Arman Financial Services Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The total revenue from operations stood at ₹5,174.47 lakhs for the quarter ended September 30, 2025, compared to ₹4,411.81 lakhs for the quarter ended September 30, 2024. Net profit for the period from continuing operations is ₹891.46 lakhs. Basic EPS stood at ₹8.49 for the quarter ended September 30, 2025.
Key Highlights
Total revenue from operations is ₹5,174.47 lakhs for the quarter ended September 30, 2025.
Net profit for the period from continuing operations is ₹891.46 lakhs.
Basic EPS is ₹8.49 for the quarter ended September 30, 2025.
Interest Income based on Effective Interest Method is ₹4,908.99 lakhs for the quarter ended September 30, 2025.
Total Expenses is ₹4,002.42 lakhs for the quarter ended September 30, 2025.
💼 Action for Investors
Investors should review the detailed financial results and compare them with previous periods and industry benchmarks to assess the company's performance. Monitor the company's future announcements for updates on its financial performance and strategic initiatives.
SEPC Secures ₹3,300 Crore Mining Consortium Project
SEPC Limited has secured entry into a mining consortium project worth approximately ₹3,300 crore with JARPL-AT Consortium for the Rampur Batura Opencast Coal Mine Project. The project has an estimated tenure of ~10 years. In H1 FY26, SEPC reported a consolidated total income of ₹455 crore and a net profit of ₹24.85 crore. This net profit has already surpassed the full-year net profit of FY25, which was ₹24.84 crore, indicating improved execution and margin profile.
Key Highlights
SEPC enters into a ₹3,300 crore mining consortium project.
Project tenure is estimated to be ~10 years.
H1 FY26 consolidated total income was ₹455 crore.
H1 FY26 net profit reached ₹24.85 crore, exceeding FY25's full-year net profit of ₹24.84 crore.
FY25 revenue was ₹597.65 crore.
💼 Action for Investors
This project win strengthens SEPC's order book and provides long-term revenue visibility. Investors should monitor the company's execution of this project and its impact on future earnings.
LMW to Divest 9.77% Stake in Super Sales India Limited
LMW Limited's Board of Directors has approved the sale of 3,00,000 equity shares held in M/s. Super Sales India Limited. This divestment represents a significant 9.77% of the paid-up share capital of the target company. The move appears to be a strategic decision to monetize non-core investment holdings. While the transaction value was not disclosed in the filing, the exit from this long-term holding will provide a cash inflow to LMW.
Key Highlights
Board approved the sale of 3,00,000 equity shares of Super Sales India Limited.
The stake being sold represents 9.77% of the total paid-up share capital of the target entity.
The decision was finalized in a Board Meeting held on December 15, 2025, between 10:15 AM and 10:50 AM.
The transaction is classified as a 'Proposed Transaction' under Regulation 30 of SEBI Listing Regulations.
💼 Action for Investors
Investors should monitor subsequent disclosures regarding the sale price and the identity of the buyer to evaluate the financial gain. This divestment indicates LMW's intent to streamline its investment portfolio.
SEPC Secures ₹3,300 Crore Mining Consortium Project
SEPC Limited has secured a major mining project worth approximately ₹3,300 crore through a consortium. The company executed a Memorandum of Understanding (MOU) with JARPL-AT Consortium for the Rampur Batura Opencast Coal Mine Project. SEPC is a strategic partner in the consortium, which includes Jai Ambey Roadlines Private Limited (JARPL) with 80% stake and Avinash Transport (AT) with 20%. This project is expected to positively impact the company's revenue over the next 10 years.
Key Highlights
Project value: Approximately ₹3,300 crore (inclusive of GST)
Project duration: 3652 days (~10 years)
SEPC partner in JARPL-AT Consortium
JARPL stake in consortium: 80%
AT stake in consortium: 20%
💼 Action for Investors
Investors should monitor SEPC's progress on this project and its impact on future revenue. This large contract could significantly boost SEPC's long-term growth.
Wheels India signs tech deal with Topy, expands alloy wheel capacity
Wheels India has entered into a Technical Assistance Agreement with Topy Industries of Japan for aluminium alloy wheels, aiming to enhance design and manufacturing. The company is expanding its Thervoi Kandigai plant capacity from 5 lakh to 7 lakh wheels per annum by next quarter. Further expansion to 10 lakh wheels per annum is planned by the end of FY27. Wheels India has secured new orders from Hyundai & Volkswagen, and already supplies to Tata Motors and Stellantis.
Key Highlights
Capacity expansion at Thervoi Kandigai plant to 7 lakh wheels per annum by next quarter.
Further capacity expansion to 10 lakh wheels per annum by the end of FY27.
Wheels India has a 74% equity holding in WIL Car Wheels Limited, a JV with Topy.
TSF group companies have combined revenue of more than ₹26,000 crore.
💼 Action for Investors
Investors should monitor the progress of the capacity expansion and new order fulfillment, as these could positively impact future revenue. Keep an eye on how the Topy partnership influences Wheels India's market share in the alloy wheel segment.
BHARATRAS Allots Bonus Shares in 1:1 Ratio
Bharat Rasayan Limited has allotted 83,10,536 bonus equity shares in the ratio of 1:1. This means shareholders will receive one new share for every one share held. The face value of each bonus share is ₹5. Consequently, the paid-up share capital has increased from ₹4,15,52,680 to ₹8,31,05,360. The bonus shares rank equally with existing shares.
Key Highlights
Allotted 83,10,536 bonus equity shares
Bonus share ratio is 1:1
Face value of each bonus share is ₹5
Pre-issue share capital was ₹4,15,52,680
Post-issue share capital is ₹8,31,05,360
💼 Action for Investors
Existing shareholders will see their holdings double due to the bonus issue. Monitor the stock price for any adjustments post-allotment.
Biocon launches Liraglutide (gVictoza®) in Netherlands
Biocon Limited has launched its Glucagon-like Peptide-1 (GLP -1), Liraglutide, in the Netherlands through its distribution partner Pharmamedic B.V. The drug-device combination will be marketed under the brand names Diavorin® for diabetes and Vobexoryn® for chronic weight management. This launch marks the first country in the European Union where Biocon will directly launch Liraglutide under its own brand. Liraglutide was approved for medical use in the European Union in 2009.
Key Highlights
Biocon launched Liraglutide in the Netherlands on December 15, 2025.
Liraglutide will be marketed as Diavorin® for diabetes.
Liraglutide will be marketed as Vobexoryn® for chronic weight management.
Liraglutide was approved for medical use in the European Union in 2009.
💼 Action for Investors
This launch in the Netherlands is a positive step for Biocon, indicating expansion in the European market; investors should monitor the sales performance of Diavorin® and Vobexoryn® in the coming quarters.
Inox Wind Secures 102.3 MW Order from Aditya Birla Renewables
Inox Wind Limited has bagged a significant 102.3 MW order from ABREL EPC Ltd., a subsidiary of Aditya Birla Renewables. This marks the first order from the Aditya Birla Group, involving the supply of Inox Wind's advanced 3.3 MW turbines for projects in Karnataka. The company will provide end-to-end solutions, leveraging its 2.5 GW annual manufacturing capacity. This partnership with a marquee developer enhances Inox Wind's order book and reinforces its position in India's energy transition market.
Key Highlights
Secured a 102.3 MW wind energy order from Aditya Birla Renewables (ABReL)
First-ever order from the Aditya Birla Group, expanding the marquee client portfolio
Order involves the supply of advanced 3.3 MW wind turbine generators (WTGs)
Project to be executed in Karnataka, contributing to the company's regional footprint
Inox Wind maintains a total manufacturing capacity of approximately 2.5 GW per annum
💼 Action for Investors
Investors should view this as a positive development that strengthens the order book and validates the company's 3.3 MW turbine technology. Monitor the execution pace and potential for follow-on orders from this new high-profile client.
Palred's pTron Enters Smart Eyewear Market with Orbis Series Starting at ₹1,499
Palred Technologies' subsidiary, pTron, has officially entered the smart eyewear segment with the launch of two models, Orbis Era and Orbis Urban. The products are priced aggressively at ₹1,499 and ₹2,499 respectively, targeting the affordable tech-wearable category in India. These Bluetooth-enabled glasses feature 10mm dynamic drivers, IPX4 water resistance, and are available on Amazon. This move represents a strategic expansion of pTron's product portfolio into a high-growth consumer electronics niche.
Key Highlights
Launched Orbis Urban at ₹2,499 and Orbis Era at ₹1,499 on Amazon
Equipped with Bluetooth 5.4, 10mm dynamic drivers, and IPX4 water resistance
Offers 8-hour battery life with magnetic touch fast charging in 1.5 hours
Strategic entry into the smart eyewear category to diversify the pTron brand beyond audio
Lenses are replaceable and compatible with prescription options
💼 Action for Investors
Investors should monitor the sales traction of these products on Amazon as a successful entry into wearables could drive revenue growth. Watch for management commentary on margin impacts given the highly competitive pricing strategy.
NLC India Secures 110 MW Solar Power Project from NCRTC in Uttar Pradesh
NLC India Limited has received a Letter of Acceptance from the National Capital Region Transport Corporation Limited (NCRTC) for a 110 MW solar PV project. Located in Uttar Pradesh, the project will operate under a captive mode with a long-term Power Purchase Agreement (PPA) of 25 years. The project is expected to be commissioned within 24 months from the effective date of the PPA. This win significantly boosts NLC India's renewable energy portfolio and provides long-term revenue visibility.
Key Highlights
Awarded 110 MW (AC) Grid Connected Solar PV Power Project in Uttar Pradesh.
Project includes a 25-year Power Purchase Agreement (PPA) for power supply.
Execution timeline set for 24 months from the effective date of the PPA.
The contract was awarded by the National Capital Region Transport Corporation Limited (NCRTC).
💼 Action for Investors
Investors should view this as a positive step in NLC India's transition toward renewable energy. The long-term PPA ensures stable cash flows once the project is commissioned.
MedPlus subsidiary receives suspension orders for drug licenses
MedPlus Health Services' subsidiary, Optival Health Solutions, received three suspension orders for drug licenses in Maharashtra. The suspensions relate to stores in Amravati and Nagpur. The potential revenue loss due to the Amravati store suspension is approximately ₹5.96 lacs for five days. The Nagpur store suspensions could result in revenue losses of ₹2.57 lacs and ₹1.64 lacs respectively, each also for five days.
Key Highlights
Suspension of Drug License for five days of a store situated at Irwin Square Amravati, Maharashtra.
Potential Revenue Loss of Rs~5.96 lacs from Amravati store suspension.
Suspension of Drug License for five days each of stores in Sakkardara and Untkhana Road, Nagpur, Maharashtra.
Potential Revenue Loss of Rs~2.57 lacs from Sakkardara store suspension.
Potential Revenue Loss of Rs~1.64 lacs from Untkhana Road store suspension.
💼 Action for Investors
Investors should monitor the impact of these suspensions on MedPlus's overall revenue and profitability. Watch for further updates from the company regarding the resolution of these regulatory issues.
REFEX: SEBI Imposes ₹10 Lakh Penalty on Chairman Anil Jain for Alleged Insider Trading
SEBI has imposed a penalty of ₹10,00,000 on Mr. Anil Jain, Promoter, Chairman & Managing Director of Refex Industries, for alleged insider trading. The allegation is that Mr. Jain communicated Unpublished Price Sensitive Information (UPSI) leading to unlawful gains of ₹12.33 lakh by certain entities. Mr. Jain intends to contest the order and believes he can defend his position through legal process. The company states that the penalty is on the individual and has no financial impact on Refex Industries.
Key Highlights
SEBI imposed a penalty of ₹10,00,000 on Mr. Anil Jain.
The alleged unlawful gains from insider trading amounted to ₹12.33 lakh.
Penalty imposed under Section 15G of the SEBI Act, 1992.
The SEBI order reference number is Order/JS/YK/2025-26/31830-31832 dated December 12, 2025.
💼 Action for Investors
Investors should closely monitor the legal proceedings and any further developments in this matter. While the company claims no direct financial impact, the involvement of key management in legal issues could affect investor sentiment.
SEBI Imposes ₹10 Lakh Penalty on Refex Industries CMD for Alleged Insider Trading
SEBI has imposed a penalty of ₹10 lakh on Mr. Anil Jain, the Promoter and CMD of Refex Industries, for allegedly communicating Unpublished Price Sensitive Information (UPSI). The regulator noted that certain entities traded on this information, resulting in unlawful gains of ₹12.33 lakh. Separately, the company clarified that Income Tax search operations concluded on December 13, 2025, with no adverse remarks. While the penalty is personal to the CMD and has no direct financial impact on the company, it raises corporate governance concerns.
Key Highlights
SEBI imposed a ₹10,00,000 penalty on CMD Mr. Anil Jain under Section 15G of the SEBI Act.
Allegations involve communication of UPSI leading to unlawful gains of ₹12.33 lakh by certain entities.
The CMD intends to vigorously contest the adjudication order through legal recourse.
Income Tax Department search operations concluded on Dec 13, 2025, with no adverse findings.
Company confirms no direct financial or operational impact as the penalty is on the individual.
💼 Action for Investors
Investors should monitor the CMD's legal appeal and remain cautious regarding corporate governance standards. While the IT department's clean chit is positive, the SEBI penalty for insider trading allegations is a red flag for management credibility.
Ashoka Buildcon Receives ₹1,041.44 Crore BMC Project
Ashoka Buildcon Limited, through its joint venture Ashoka-Aakshaya JV (Ashoka Buildcon holding 51%), has received a Letter of Acceptance from Brihanmumbai Municipal Corporation (BMC) for a construction project. The project involves the construction of a flyover connecting J.J. Bridge and Sitaram Selam Bridge. The accepted bid price for the project is ₹1,041.44 Crore, including GST. The project is expected to be completed in 24 months, excluding the monsoon period.
Key Highlights
Project value is ₹1,041.44 Crore including GST
Ashoka Buildcon holds 51% stake in the Joint Venture
Project completion timeline is 24 months excluding monsoon
Project involves construction of flyover at J.J. Road
💼 Action for Investors
This new project adds to Ashoka Buildcon's order book and signals potential revenue growth. Investors should monitor the project's progress and its impact on the company's financials over the next few quarters.
Varroc: Avinash Chintawar Appointment Approved by Overwhelming Majority
Varroc Engineering Limited announced the successful passing of a special resolution for the appointment of Mr. Avinash Ramdas Chintawar as a Director/Whole Time Director, with an overwhelming majority via postal ballot. The e-voting concluded on December 13, 2025, and the resolution is deemed passed on the same date. Promoter and Promoter group voted 114589800 shares in favor. Public Institutions voted 24226085 shares in favor and 50647 against.
Key Highlights
Appointment of Mr. Avinash Ramdas Chintawar (DIN - 07817177) as a Director/Whole Time Director approved.
Promoter and Promoter Group voted 114589800 shares in favor.
Public Institutions voted 24226085 shares in favor.
Remote e-voting concluded on December 13, 2025.
Total of 138891048 votes cast in favor.
💼 Action for Investors
The appointment of a new director could bring new strategies and initiatives; monitor the company's performance and strategic direction under the new leadership. Review the director's background and expertise to assess potential impact.
HINDUNILVR: Kwality Wall's Allots 2,34,95,91,262 Equity Shares Post Scheme
Hindustan Unilever Limited (HINDUNILVR) announced that Kwality Wall's (India) Limited (KWIL) has allotted 2,34,95,91,262 fully paid-up equity shares of face value Re. 1 each to the equity shareholders of HUL as of the record date, December 5, 2025, pursuant to the Scheme of Arrangement. KWIL has also cancelled and reduced its entire pre-Scheme paid-up share capital of 5,00,00,000 equity shares of Re. 1 each, previously held by HUL. Consequently, KWIL is no longer a wholly-owned subsidiary of HUL, effective December 12, 2025. KWIL will seek listing and trading permission from BSE and NSE for the newly allotted shares; these shares will remain frozen until permission is granted.
Key Highlights
KWIL allotted 2,34,95,91,262 equity shares to HUL shareholders.
KWIL cancelled 5,00,00,000 pre-Scheme equity shares previously held by HUL.
Share Entitlement Ratio is 1:1 (1 KWIL share for every 1 HUL share).
Face value of KWIL equity share is Re. 1.
💼 Action for Investors
HUL shareholders should monitor updates regarding the listing and trading permission of KWIL shares on BSE and NSE. The allotted KWIL shares will remain frozen until the listing is approved.
HINDUNILVR: Kwality Wall’s Allots 2,34,95,91,262 Equity Shares
Hindustan Unilever Limited (HUL) announced the allotment of equity shares of Kwality Wall’s (India) Limited (KWIL) to HUL shareholders as part of a scheme of arrangement. KWIL allotted 2,34,95,91,262 fully paid-up equity shares of Re. 1 each to HUL shareholders as of the record date, December 5, 2025, based on a 1:1 share entitlement ratio. KWIL's pre-scheme paid-up share capital of 5,00,00,000 equity shares held by HUL has been cancelled and reduced. KWIL has ceased to be a wholly owned subsidiary of HUL.
Key Highlights
KWIL allotted 2,34,95,91,262 equity shares to HUL shareholders.
Share entitlement ratio is 1:1.
KWIL's pre-scheme paid-up capital of 5,00,00,000 shares was cancelled.
KWIL has ceased to be a wholly owned subsidiary of HUL.
💼 Action for Investors
HUL shareholders should note the allotment of KWIL shares and await further updates on the listing and trading permissions from BSE and NSE. Monitor KWIL's performance post-listing for potential investment opportunities.
Sky Gold Shareholders Approve Increased Borrowing Limits and New Director Appointment
Sky Gold and Diamonds Limited shareholders have overwhelmingly approved four key special resolutions via a postal ballot concluded on December 13, 2025. The resolutions include the appointment of Mr. Virupakshi Kolla as an Independent Director and a significant increase in the company's borrowing powers and investment limits. All proposals received over 99.9% approval from voting members, reflecting strong shareholder confidence in the management's strategic direction and financial planning.
Key Highlights
Shareholders approved the appointment of Mr. Virupakshi Kolla as a Non-Executive Independent Director with 99.99% votes in favour.
Resolution to increase borrowing powers under Section 180(1)(c) passed with a 99.96% majority.
Approval granted to increase limits for loans, guarantees, and investments under Section 186 of the Companies Act.
Total voter turnout represented 65.69% of the 154.86 million outstanding shares, with 101.73 million votes polled.
💼 Action for Investors
Investors should monitor how the company utilizes the newly approved borrowing and investment limits for future expansion. The high approval rating suggests strong institutional and promoter alignment on the company's growth path.