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MIC Electronics Limited Secures BIS Certifications for Key Product Lines

MIC Electronics Limited, a company recognized for its expertise in electronics and display solutions, has announced a significant milestone in its pursuit of quality and compliance. The Hyderabad-based organization, certified under ISO 9001:2008 and ISO 14001:2004 standards, confirmed that it has received new certifications from the Bureau of Indian Standards (BIS), New Delhi, for two of its important product categories.

The company revealed that BIS has granted certification for its visual display units and video monitors under IS No. 13252 (Part 1):2010/ IEC 60950-1:2005. This recognition validates the company’s adherence to international safety standards in the design and production of display products, which have been central to MIC Electronics’ growth story. Visual display units and video monitors remain a crucial part of the company’s product portfolio, and BIS certification not only enhances consumer trust but also reinforces the credibility of its technology in both domestic and global markets.

In addition to this, MIC Electronics Limited has also secured BIS certification for its LED luminaires used in road and street lighting, under IS No. 10322 (Part 5/Sec 3):2012. This is a particularly noteworthy achievement, as the company has been actively expanding its presence in the urban infrastructure and smart city projects segment, where reliable and energy-efficient lighting solutions are in growing demand. With this certification, the company has further solidified its position as a trusted player in the field of LED-based street lighting solutions, aligning with India’s drive toward sustainability and smart energy usage.

The receipt of these certifications underscores MIC Electronics’ commitment to maintaining the highest standards of quality, safety, and environmental responsibility. For stakeholders and investors, this development signals that the company is not only meeting but exceeding the compliance requirements necessary for its long-term growth strategy.

By ensuring that its products meet stringent BIS norms, MIC Electronics has demonstrated its readiness to cater to both government-backed infrastructure projects and private sector demand with greater assurance. The recognition from the Bureau of Indian Standards will also help the company strengthen its competitive edge, especially in sectors where certified and reliable technology is a prerequisite for large-scale adoption.

Under the guidance of its management team and the compliance leadership of Lakshmi Sowjanya Alla, the Company Secretary and Compliance Officer, MIC Electronics Limited continues to emphasize its philosophy of integrating innovation with regulatory adherence. This development marks another important step in its journey of delivering products that meet global benchmarks while contributing to India’s technological and infrastructural growth.

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Hazoor Multi Projects Limited Fixes Record Date for Final Dividend Entitlement

Hazoor Multi Projects Limited, a company that has been consistently working toward strengthening its shareholder value, has announced an important development regarding its dividend distribution. In compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has formally intimated the stock exchange about the fixation of its record date for the purpose of determining eligibility for the final dividend.

The record date has been set as Monday, September 22, 2025. This means that all equity shareholders holding fully paid-up equity shares of Re. 1 each as on the close of business on that day will be entitled to receive the final dividend, provided it is approved by the members at the forthcoming Annual General Meeting. Hazoor Multi Projects Limited has scheduled its 33rd Annual General Meeting for September 29, 2025, and the declaration of the final dividend will form a key part of the agenda.

Should the dividend be approved, the entitlement will extend to all beneficial owners whose details are furnished by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as per records on the close of the stipulated date. This step reinforces the company’s commitment to maintaining transparency and ensuring that shareholder benefits are distributed in accordance with regulatory guidelines and fair practices.

Under the stewardship of its Managing Director, Radheshyam Laxmanrao Mopalwar, Hazoor Multi Projects Limited continues to focus not only on business growth but also on rewarding its shareholders who have been integral to its journey. The announcement of a final dividend entitlement, subject to shareholder approval, underlines the company’s dedication to sharing its financial progress with investors and stakeholders.

The decision to fix the record date comes at a time when the company has been navigating its projects with resilience, emphasizing sustainable development and financial prudence. For shareholders, the final dividend represents both a tangible reward for their trust and an indicator of the company’s steady financial standing.

As Hazoor Multi Projects Limited prepares for its 33rd Annual General Meeting, investors and stakeholders will be watching closely, awaiting the outcome of the dividend declaration. The record date announcement adds clarity and assurance, marking yet another step in the company’s endeavor to strengthen corporate governance and foster long-term value creation.

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A Deep Dive into the Fundamentals of Spice Lounge Food Works Ltd

Spice Lounge Food Works Ltd has steadily been carving a niche for itself in India’s dynamic food services industry. The company, known for its focus on quality, consistency, and innovation in culinary offerings, has gradually earned recognition not just as a restaurant chain but as a brand that understands evolving consumer tastes. A closer look at its fundamentals provides valuable insights into how it is positioning itself for long-term growth in a highly competitive sector.

At the financial level, the company’s revenue streams reflect the strength of its core business model, which is anchored in dine-in experiences while also leveraging takeaway and delivery services. The food services industry in India has been undergoing a significant shift, with rising disposable incomes, urbanization, and lifestyle changes driving demand for organized players. Spice Lounge Food Works Ltd has been tapping into this trend, balancing expansion with a disciplined approach to cost management. Its gross margins and operating margins suggest a business that is conscious of maintaining efficiency even while investing in scale.

From a balance sheet perspective, the company has displayed a prudent capital structure. The levels of debt remain manageable, with equity infusions and retained earnings helping support growth initiatives. Such an approach indicates that Spice Lounge Food Works Ltd is aware of the importance of financial sustainability in an industry where expansion often demands high upfront investments in real estate, technology, and brand building. Investors and analysts following the company’s performance often point to its ability to strike a fine balance between growth and risk containment, a trait that enhances its long-term attractiveness.

Another noteworthy aspect of its fundamentals lies in its focus on brand equity. The food services business thrives on customer loyalty and repeat footfall, and Spice Lounge Food Works Ltd has been steadily investing in marketing and customer engagement initiatives. By building a strong recall value among its patrons, the company ensures that its growth is not just dependent on new store openings but also on the sustained profitability of existing outlets. This strategy reflects a deeper understanding of the industry, where operational excellence and customer relationships matter as much as expansion.

The fundamentals also reveal the company’s inclination toward innovation in menu offerings and service delivery. In an era where food consumption patterns are changing rapidly, the ability to adapt to customer preferences is crucial. Spice Lounge Food Works Ltd has shown agility by diversifying its offerings, incorporating healthier alternatives, and experimenting with formats that align with modern consumer expectations. This adaptability further strengthens the foundation of its fundamentals, as it reflects resilience in the face of changing industry dynamics.

Looking at valuation and investor sentiment, the fundamentals suggest that the company has been building a reputation as a steady long-term player rather than chasing short-lived gains. Market participants often view it as a company with growth potential backed by prudent management practices. Its ability to sustain revenue growth while maintaining profitability margins positions it well for the future, especially at a time when organized food services in India are expected to witness exponential expansion.

In essence, a study of Spice Lounge Food Works Ltd’s fundamentals paints the picture of a company that is steadily moving in the right direction. It combines financial prudence with operational efficiency, while also focusing on innovation and brand building. These fundamentals make it a business worth watching as it continues to strengthen its position in India’s evolving food services landscape. For stakeholders—be it customers, investors, or industry observers—the company represents a story of steady growth, resilience, and a commitment to creating long-term value.

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Osia Hyper Retail Limited Charts Bold Expansion Plans with Capital Raising Initiatives

Osia Hyper Retail Limited, a rapidly growing player in India’s retail landscape, has taken decisive steps toward strengthening its financial foundation and accelerating future growth. At its Board Meeting held on August 23, 2025, the company laid out an ambitious roadmap that reflects its intent to consolidate market position and attract significant institutional and strategic investment.

The Board approved an increase in the company’s authorized share capital to ₹500 crore, subject to shareholder and regulatory approvals. This decision marks an important move, signaling Osia Hyper Retail’s readiness to leverage larger pools of capital to fuel expansion in the highly competitive retail sector.

As part of its capital-raising strategy, the company announced plans to issue equity shares through a Qualified Institutions Placement (QIP), amounting to as much as ₹200 crore. The QIP route is expected to bring in reputed institutional investors, thereby boosting both financial strength and credibility. Alongside the QIP, the company has also proposed issuing equity shares on a preferential basis worth up to ₹100 crore. Elitecon International Limited has been identified as one of the key investors through this preferential allotment, with a significant stake expected post-allotment.

In addition to these measures, the Board also approved the issuance of convertible warrants on a preferential basis for an amount of up to ₹350 crore. This move is aimed at providing long-term capital infusion, with prominent global funds such as Eminence Global Fund, Zeal Global Opportunities Fund, North Star Opportunities Fund, and Elitecon International Limited set to participate. Once exercised, these warrants have the potential to substantially enhance the company’s equity base and bring in marquee investors, underlining the strong interest Osia Hyper Retail commands among international capital partners.

The Board further announced that an Extra Ordinary General Meeting (EGM) will be held on September 22, 2025, at the company’s registered office in Ahmedabad, Gujarat. This EGM will serve as the platform for seeking shareholder approval for the proposed capital raising initiatives. To ensure transparency and smooth governance, Mr. Aakash Goel, Proprietor of G Aakash & Associates, Company Secretaries, has been appointed as the Scrutinizer for the meeting. The company has also finalized the book closure and remote e-voting dates to facilitate shareholder participation in line with regulatory norms.

With the meeting commencing at 5:00 p.m. and concluding within a span of ten minutes, the Board displayed its efficiency in addressing critical financial decisions. Under the leadership of Managing Director Dhirendra Gautamkumar Chopra, Osia Hyper Retail has showcased its determination to secure growth capital that aligns with both immediate expansion needs and long-term vision.

The series of capital raising measures—spanning QIP, preferential allotment, and convertible warrants—together represent a substantial ₹650 crore opportunity for the company. These steps not only reflect confidence in the brand’s growth trajectory but also reinforce its ability to attract diverse sets of investors. As India’s organized retail sector continues to expand, Osia Hyper Retail Limited is positioning itself strongly to capitalize on emerging opportunities, backed by robust financial planning and investor support.

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Krishival Foods Announces Key Board Decisions and AGM Schedule

Krishival Foods Limited, a fast-growing name in the Indian food industry, has announced the outcome of its Board of Directors meeting held on August 25, 2025. The meeting, which commenced at 4:00 p.m. and concluded at 5:30 p.m., witnessed a series of important decisions that reflect both governance priorities and preparations for the company’s upcoming Annual General Meeting (AGM).

One of the highlights of the meeting was the regularization of leadership appointments that had earlier been made by the Board. Mr. Sujit Sudhakar Bangar, who had been appointed as Chairperson and Whole-Time Director with effect from July 12, 2025, will now be placed before shareholders for confirmation in the forthcoming AGM. Similarly, Mr. Hrushikesh Moreshwar Bahekar, who was inducted as a Non-Executive Independent Director from July 16, 2025, will also see his appointment taken up for member approval. These changes signify the company’s effort to strengthen its leadership team with experienced professionals at a time when the food processing sector is undergoing rapid evolution.

In addition to board appointments, the company also announced changes in its Secretarial Audit team. M/s MNB & Co. LLP, Practicing Company Secretaries, ceased to act as Secretarial Auditor due to pre-occupations. In their place, Krishival Foods has decided to bring on board DSM and Associates, a reputed firm of Company Secretaries with more than a decade of experience in corporate advisory and compliance. The firm will be appointed for a five-year term covering financial years 2025–26 to 2029–30, subject to shareholder approval in the AGM. With its team of qualified professionals and strong peer-reviewed credentials, DSM and Associates is expected to add value to the company’s governance framework.

The Board also approved several important documents including the Director’s Report, the Corporate Governance Report, and the Management Discussion and Analysis for the financial year ended March 31, 2025. These will form part of the company’s upcoming Annual Report, providing shareholders with an overview of operational performance and strategic direction.

Further, the Board confirmed that the 11th Annual General Meeting of Krishival Foods will be held on Thursday, September 25, 2025, at 4:00 p.m. through Video Conferencing and other audio-visual means, ensuring accessibility for shareholders across geographies. To facilitate dividend distribution, the record date has been fixed as September 18, 2025, and the Register of Members and Share Transfer Books will remain closed from September 19 to September 21, 2025.

To ensure transparency in voting, the company has arranged for e-voting, which will begin on September 22, 2025, at 10:00 a.m. and conclude on September 24, 2025, at 5:00 p.m. Shareholders holding shares as of the record date will be entitled to participate in this process. Additionally, e-voting facilities will be available during the AGM itself for members who may not have cast their votes earlier. The results of the voting will be declared by September 26, 2025. M/s MNB & Co. LLP has been appointed as Scrutinizer to oversee the e-voting process, ensuring fairness and compliance with SEBI guidelines.

Alongside these announcements, the company informed that, in line with SEBI’s Insider Trading Regulations, the trading window for designated persons and their immediate relatives will reopen from August 28, 2025.

These decisions underline Krishival Foods’ commitment to strong corporate governance and stakeholder transparency. As the company prepares for its AGM, it has ensured that both shareholders and regulators are fully informed of the developments. For investors, the announcements not only provide clarity on governance changes but also highlight the company’s efforts to balance growth, compliance, and shareholder engagement.

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AUV Innovations LLP Strengthens Stake in Zee Media Corporation with Major Acquisition

On August 21, 2025, AUV Innovations LLP made a significant move in the Indian media landscape by acquiring one crore equity shares of Zee Media Corporation Limited, one of the leading news networks in the country. The acquisition was carried out through open market transactions and was formally disclosed to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) in compliance with Regulation 29(1) of the Securities and Exchange Board of India’s (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

With this purchase, AUV Innovations LLP, which belongs to the promoter group of Zee Media, increased its shareholding to 3,39,84,375 equity shares in total. Before the acquisition, the entity, along with persons acting in concert (PACs), held 2,39,84,375 shares, representing 3.83% of the total equity capital. Following the fresh acquisition of one crore shares, the holding rose to 5.43% of Zee Media’s equity capital.

The target company, Zee Media Corporation Limited, currently has an equity share capital of ₹62,54,28,680 divided into 62,54,28,680 equity shares of Re.1 each. After accounting for the potential conversion of outstanding warrants, the fully diluted equity capital would stand at 89,37,62,013 shares. Based on this structure, AUV Innovations LLP’s stake translates to 3.80% of the total diluted equity capital.

The acquisition highlights a strategic step by the promoter group in reinforcing its position in Zee Media at a time when the company is navigating a dynamic media environment. By opting for an open market route, AUV Innovations LLP demonstrated confidence in the long-term value of the company and its ability to maintain relevance in India’s highly competitive news and broadcasting sector.

The disclosure was officially signed by Mr. Ravinder Kumar Dogra, the authorised signatory for AUV Innovations LLP, from Mumbai on August 22, 2025. Market observers believe that such acquisitions by promoter entities not only indicate faith in the company’s future performance but also serve as a signal to investors about the management’s commitment to its business growth.

This transaction underscores the increasing interest from promoters in consolidating their positions in leading media companies, especially as the industry undergoes rapid digital transformation. For Zee Media Corporation, this enhanced stakeholding by AUV Innovations LLP adds to the promoter group’s strength, potentially offering greater stability and direction for its future endeavors in the media domain.

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Paisalo Digital Limited Announces Allotment of Commercial Papers to Rajarambapu Sahakari Bank

On August 20, 2025, Paisalo Digital Limited, a leading name in digital financial services, took a significant step in its short-term funding strategy by allotting a fresh batch of Commercial Papers (CPs) to Rajarambapu Sahakari Bank Ltd. This move was formalized following a meeting of the Operations and Finance Committee of the Board of Directors, reflecting the company’s ongoing efforts to strengthen liquidity management and optimize financial planning.

The allotment was executed under a private placement issuance and involves listed commercial papers, a financial instrument widely used for short-term borrowing. In this instance, the company issued a total of 300 CPs, each with a face value of ₹5,00,000, bringing the total issue value to ₹14,32,15,950. The CPs carry an attractive yield of 9.50%, indicating the company’s commitment to offering competitive returns to investors. The issue price was set at ₹4,77,386.50 per CP, and the redemption value upon maturity is projected to be ₹15,00,00,000.

The tenure of these commercial papers has been established at 182 days from the date of allotment, setting the maturity and redemption date on February 18, 2026. The entire allotment process was facilitated by IDBI Bank Ltd., serving as the Issuing and Paying Agent (IPA), ensuring a smooth and transparent transaction.

Paisalo Digital Limited has also ensured regulatory compliance by submitting the necessary disclosures to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), under the Scrip Code 532900 for equity, corresponding NCDs, and CPs under their respective codes. The company has further made the details of the allotment publicly available on its official website, reinforcing its dedication to transparency and accountability.

This strategic financial maneuver by Paisalo Digital Limited underscores the company’s proactive approach to managing short-term liquidity needs while providing investors with reliable investment opportunities. By engaging with trusted banking partners and adhering to regulatory requirements, Paisalo continues to reinforce its reputation as a responsible and forward-looking financial entity in India’s digital lending space.

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Insider Acquisitions Strengthen Confidence in Man Infraconstruction

In the latest round of market disclosures, Man Infraconstruction Limited, a well-known name in India’s civil construction sector, witnessed a series of significant insider acquisitions, reflecting growing confidence among its key promoters and directors in the company’s long-term growth potential.

The disclosures filed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, revealed that several leading figures from within the company, including its directors and promoters, made substantial market purchases over recent weeks. Among the most notable was the acquisition by Director Berjis Minoo Desai, who added 5,00,000 equity shares to his holding through a market purchase on August 21, 2025. This increased his stake to 61,97,775 equity shares, marking a strong vote of confidence in the firm’s future prospects. Earlier in the same month, Desai had also significantly raised his holdings through a conversion of securities, adding 54,00,000 shares on August 1, 2025.

Promoter and Director Parag K. Shah, who already held a sizeable stake in the company, was also actively involved in a series of acquisitions. Over a span of just a few days in mid-August, Shah carried out multiple purchases, including 1,00,000 shares on August 18, 3,61,959 shares on August 19, and a further 5,00,000 shares on August 20, all through market transactions. These acquisitions cumulatively elevated his holding to more than 118.5 million shares, consolidating his position as a cornerstone promoter with over 29% stake in the company.

Mansi P. Shah, another key promoter, also participated actively in boosting her stake. She acquired 67,000 shares on June 20, 2025, which pushed her overall holding to 5.97 crore shares, further strengthening promoter alignment with the company’s growth journey. Past disclosures show that Mansi Shah has consistently increased her position through market purchases, adding confidence to investors about the promoter family’s long-term commitment.

These insider transactions come at a time when Man Infraconstruction’s share price has been trading in the range of ₹165–₹168, significantly below its 52-week high of ₹262.50 but still well above the yearly low of ₹135.05. The company, with a market capitalization of approximately ₹6,366 crore, has been navigating a challenging yet evolving real estate and infrastructure market in India. Its fundamentals, including a return on equity of 11.56% and a consistent earnings base, continue to make it an attractive player within the BSE SmallCap index.

Market observers note that such large-scale acquisitions by insiders often signal strong internal confidence in the company’s near- and medium-term growth trajectory. For investors, these purchases can serve as important indicators of management’s conviction in the value creation potential of the business.

While the broader BSE Sensex closed in the red on August 22, 2025, shedding 693 points to end at 81,306.85, Man Infraconstruction’s insider activity drew attention amid market volatility. Despite short-term fluctuations, the company’s promoters continue to strengthen their holdings, positioning Man Infraconstruction as a stock to watch closely in the construction and infrastructure sector.

The series of acquisitions and disclosures underscore the promoters’ belief in the company’s long-term value and resilience, suggesting that even in a fluctuating market environment, confidence within the leadership team remains unwavering.

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Servotech Secures Prestigious Order from Indian Railways for 7.3 MW Solar Power Project

In a significant development that reaffirms its leadership in the renewable energy sector, Servotech Renewable Power System Limited, formerly known as Servotech Power Systems Limited, has announced that it has secured a landmark order from the Jaipur Division of the North Western Railway. The project involves the supply, installation, testing, and commissioning of a 7.3 MW on-grid rooftop solar power plant, a move that marks another milestone in India’s ongoing transition towards sustainable energy solutions.

This prestigious contract, valued at approximately ₹28.84 crore, is set to be executed within a period of six months from the issuance of the Letter of Award (LOA). The order comes as a part of the North Western Railway’s larger vision to integrate renewable energy into its operations, thereby reducing its carbon footprint while ensuring a reliable and cost-effective power supply for its infrastructure.

The project will see Servotech undertake a comprehensive role that spans across the complete lifecycle of the solar power system. From the initial supply of equipment to the installation, rigorous testing, and final commissioning, the company will deliver a turnkey solution under the general contract conditions set forth by the awarding authority. This engagement further highlights Servotech’s proven expertise in delivering large-scale solar power solutions that meet the stringent requirements of institutional clients.

Importantly, the award of this contract also underscores the trust that a vital public sector entity like the Indian Railways has placed in Servotech’s technological capabilities and execution excellence. The Jaipur Division’s adoption of an on-grid solar rooftop project represents not just an infrastructural enhancement but also a meaningful contribution to India’s broader renewable energy mission. By implementing a project of this scale, the Railways are not only embracing clean energy but also setting an example for other government and private institutions to follow suit.

Servotech has been steadily building its reputation as a key player in India’s renewable energy industry, with an increasing portfolio of solar and green energy projects that cater to both domestic and institutional clients. The company’s track record of delivering projects on time, coupled with its commitment to quality and innovation, continues to drive its growth in this sector.

For its stakeholders and investors, this latest achievement is a clear indication of Servotech’s strong market positioning and its ability to secure and execute contracts of national importance. The order not only brings financial value to the company but also strengthens its standing as a partner of choice in India’s renewable energy ecosystem.

The company confirmed that neither its promoters nor any of its group companies hold any interest in the awarding authority, the Jaipur Division of North Western Railway. Furthermore, this contract does not fall within the ambit of related party transactions, ensuring transparency and adherence to corporate governance practices.

With this project, Servotech continues to align itself with India’s renewable energy goals while contributing to the Indian Railways’ mission of becoming a net zero carbon emitter by 2030. The successful execution of the 7.3 MW on-grid solar rooftop project is expected to pave the way for similar large-scale collaborations in the future, enhancing Servotech’s role in shaping a sustainable energy landscape for the nation.

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Servotech Secures Landmark 7.3 MW Rooftop Solar Project from North Western Railway Jaipur Division

Servotech Renewable Power System Limited, one of India’s leading renewable energy companies, has once again made headlines with a major achievement in the clean energy sector. On August 19, 2025, the company announced that it has secured a significant order to set up a 7.3 MW on-grid rooftop solar project for the North Western Railway’s Jaipur Division. Valued at ₹28.84 crore, the order further cements Servotech’s growing reputation as a trusted partner in India’s transition toward renewable energy.

The project will see Servotech undertake complete responsibility for the design, manufacturing, supply, installation, testing, and commissioning of rooftop solar photovoltaic (PV) systems across multiple sites under the Jaipur Division. By leveraging its expertise in solar technology, the company aims to deliver high-performance, reliable, and efficient rooftop systems that align seamlessly with the Indian Railways’ broader sustainability vision.

The Indian Railways has, in recent years, set ambitious goals to reduce its dependency on conventional energy sources while cutting down on carbon emissions. This initiative is part of the organization’s long-term plan to embrace renewable energy solutions, contributing toward a cleaner and more sustainable future. Servotech’s role in executing this project is therefore not just about delivering energy solutions but about supporting a national agenda of environmental responsibility and energy independence.

Speaking about the development, Sarika Bhatia, Director of Servotech Renewable Power System Limited, expressed pride in the milestone, stating that the order from the Jaipur Division of North Western Railway reaffirmed the company’s position as a trusted player in India’s renewable energy industry. She highlighted Servotech’s unwavering commitment to providing solar solutions that not only meet but exceed performance benchmarks, ultimately helping institutions like Indian Railways achieve their sustainability goals.

This contract also strengthens Servotech’s footprint within the public sector, demonstrating its ability to manage large-scale, complex solar projects with precision and efficiency. It underscores the company’s expanding role in shaping India’s renewable energy landscape and its dedication to bringing world-class clean energy solutions to some of the country’s most vital infrastructure sectors.

Over the years, Servotech has consistently built a legacy of innovation, delivering advanced solutions not only in renewable energy but also in the rapidly evolving EV charging infrastructure sector. With over two decades of expertise in electronics, the company has developed a strong presence across India and is working towards playing a pivotal role in the country’s shift to both renewable energy and electric mobility.

By securing this order from Indian Railways, Servotech continues to push forward its mission of empowering India’s energy independence and accelerating the nation’s transition to a greener, more sustainable, and resilient future.

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Elysian Wealth Fund Raises Stake in Vishal Fabrics Through Preferential Allotment

Elysian Wealth Fund, formerly known as Silver Stallion Limited, has announced a significant development in its investment portfolio with Vishal Fabrics Limited. In a formal disclosure made to the Bombay Stock Exchange, the fund shared details of its latest acquisition of shares under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The fund reported that it has received an allotment of 80,67,176 equity shares of Vishal Fabrics Limited. These shares were issued on a preferential basis, following the conversion of fully convertible warrants, in accordance with the provisions of Chapter V of the SEBI ICDR Regulations. With this latest allotment, Elysian Wealth Fund has increased its holding in Vishal Fabrics Limited to 1.5 crore equity shares, which translates to 6.89 percent of the company’s paid-up equity share capital.

Prior to this transaction, the fund’s stake stood at 69,32,824 shares, representing around 3.31 percent of the company’s voting rights. The fresh infusion more than doubles its shareholding and underscores its growing confidence in the potential of Vishal Fabrics. The mode of acquisition, as clarified in the filing, was purely through preferential allotment of equity shares with a face value of ₹5 each, pursuant to the conversion of previously issued warrants.

The company further outlined the change in equity structure post this transaction. Before the allotment, Vishal Fabrics Limited had a total equity share capital of ₹1,04,77,14,135, divided into 20,95,42,827 shares of ₹5 each. Following the conversion and issue of the new shares, the equity share capital rose to ₹1,08,80,50,015, comprising 21,76,10,003 equity shares. On a fully diluted basis, the total equity shareholding of the company now stands at ₹123,80,50,015, divided into 24,76,10,003 shares.

The filing also made it clear that Elysian Wealth Fund is not a part of the promoter or promoter group of Vishal Fabrics Limited. Its acquisition remains that of a strategic investor, strengthening its position in the company without encumbrances such as pledges or liens on the shares.

This acquisition was formalized on July 8, 2025, when the conversion of warrants took effect. The official disclosure was signed by the authorized signatory of Elysian Wealth Fund from Singapore and dated August 18, 2025.

The development indicates a notable rise in institutional confidence toward Vishal Fabrics Limited, with Elysian Wealth Fund deepening its stake. Such a move often reflects a long-term strategic outlook, suggesting that the fund sees significant growth potential in the textile company’s business trajectory.

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Krishival Foods to Convene Board Meeting on August 25, 2025

Krishival Foods Limited, a growing player in the food industry, has officially announced that its Board of Directors will be meeting on Monday, August 25, 2025, to deliberate on several key matters of governance and compliance. The company, headquartered at Lodha Supremus in Powai, Mumbai, conveyed the update through a formal intimation to both the National Stock Exchange of India Limited and BSE Limited.

The meeting carries considerable importance as the agenda covers a wide range of decisions that are expected to influence the company’s operations and leadership structure in the near future. One of the major highlights is the regularization of Mr. Sujit Sudhakar Bangar as the new Chairperson and Whole Time Director. He was initially appointed by the Board on July 12, 2025, and his confirmation will further cement his role in steering the company forward. Alongside this, the Board will also consider the regularization of Mr. Hrushikesh Moreshwar Bahekar, who has been appointed as a Non-Executive Independent Director from July 16, 2025, thereby strengthening the company’s governance framework.

Another significant point on the agenda is the appointment of DSM and Associates as the Secretarial Auditor for a five-year term beginning with the financial year 2025-26 and extending up to 2029-30. This move underscores the company’s commitment to transparency, compliance, and strong corporate governance practices.

The Board will also take up routine yet essential matters, including the approval of the Director’s Report, the Corporate Governance Report, and the Management Discussion and Analysis for the financial year that ended on March 31, 2025. In addition, the company’s upcoming Annual General Meeting (AGM) is set to be discussed in detail, with decisions to be made regarding its date, venue, and time, as well as approvals for the notice to be issued to shareholders. The Board will also fix the dates for book closure and record date for dividend declaration, ensuring clarity and compliance for its stakeholders. Furthermore, the appointment of a scrutinizer for the AGM proceedings will also be finalized during this meeting.

Alongside these updates, Krishival Foods has informed stakeholders that the trading window for dealing in the company’s securities will remain closed for all designated persons and their immediate relatives, effective from August 18, 2025, until 48 hours after the outcome of the Board meeting is announced. This step is in line with the company’s Code of Conduct for regulating, monitoring, and reporting trading by insiders, thereby ensuring fairness and transparency in market dealings.

Through this scheduled meeting, Krishival Foods is not only taking steps to strengthen its leadership and governance practices but also laying down the groundwork for its Annual General Meeting. As the company continues to build momentum, the decisions taken in the upcoming session are likely to shape both its strategic direction and shareholder engagement in the months ahead.

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Hazoor Multi Projects Revises Disclosure and Advances Strategic Acquisition Plans

Hazoor Multi Projects Limited (HMPL), a well-established player in the infrastructure and engineering space, recently issued a revised disclosure to the Bombay Stock Exchange (BSE) to clarify and correct an earlier communication made on August 15, 2025. The company acknowledged that its previous disclosure contained an inadvertent reference, which was not intended to form part of the announcement. In its updated filing, the company emphasized that the revision was purely to ensure accuracy and transparency in line with regulatory requirements. The management further reassured stakeholders that such unintentional errors would be avoided in the future, as the company remains committed to maintaining the highest standards of disclosure and compliance.

The corrected communication, enclosed in the revised disclosure, sheds light on an important strategic development for HMPL. On August 18, 2025, the company formally submitted a binding offer to the lenders of Gammon Engineers and Contractors Private Limited (GECPL) for the potential acquisition of a part of GECPL’s Engineering, Procurement, and Construction (EPC) business. This move, subject to regulatory approvals, procedural formalities, and acceptance of the offer by GECPL’s lenders, marks a significant milestone in HMPL’s ongoing efforts to expand its footprint in the EPC segment.

Gammon Engineers and Contractors Private Limited has long been recognized for its expertise in civil engineering and infrastructure development, with a portfolio that spans transportation, power, irrigation, ports, railways, metros, and marine sectors. The company has played a pivotal role in executing large-scale projects across the country, building a strong reputation in the process. Currently, the lenders of GECPL are evaluating restructuring possibilities under the Reserve Bank of India’s Prudential Framework for Resolution of Stressed Assets, introduced in June 2019. HMPL’s binding offer is seen as part of this ongoing restructuring exercise, aimed at resolving financial stress while unlocking business continuity and growth.

For Hazoor Multi Projects, this acquisition aligns seamlessly with its long-term strategy of strengthening its EPC portfolio and enhancing its presence in India’s infrastructure sector. The company already has a proven track record in delivering projects across diverse infrastructure verticals, and the addition of GECPL’s business is expected to complement its capabilities further. By taking this strategic step, HMPL is not only looking to consolidate its position in the competitive EPC space but also aiming to leverage the synergies that GECPL’s business can bring to its operations.

The management has assured stakeholders and regulatory authorities that updates regarding the acquisition process will be communicated in due course. This acquisition, once finalized, has the potential to mark a new chapter in HMPL’s growth journey, reinforcing its reputation as a company deeply invested in India’s infrastructure development.

Through this revised disclosure and the strategic move towards acquiring GECPL’s EPC business, Hazoor Multi Projects has once again demonstrated its commitment to both transparency in governance and ambition in growth. The coming months will be crucial in determining how this acquisition unfolds, but it already signals the company’s intent to scale new heights in the infrastructure domain.

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Blue Cloud Softech Solutions Delivers Strong Performance in Q1 FY26

Blue Cloud Softech Solutions Limited, a Hyderabad-based technology company, released its unaudited financial results for the first quarter of the financial year 2025–26, reflecting steady growth and resilience in its operations. The announcement was made following the Board of Directors’ meeting held on August 14, 2025, which commenced at 4:00 p.m. and concluded at 8:30 p.m.

The company reported notable improvements in both standalone and consolidated performance for the quarter ended June 30, 2025. On a standalone basis, Blue Cloud Softech registered net sales of ₹15,437.91 lakhs, a significant rise from ₹10,647.46 lakhs in the corresponding quarter of the previous year. Including other income, total revenue stood at ₹15,438.53 lakhs. Expenses for the period were recorded at ₹13,631.36 lakhs, which resulted in a profit before tax of ₹1,807.16 lakhs, compared to ₹1,075.69 lakhs in the same quarter last year. After accounting for tax expenses of ₹478.10 lakhs, net profit from continuing operations stood at ₹1,329.07 lakhs. The company also reported a total comprehensive income of ₹1,327.04 lakhs for the period, reflecting a year-on-year growth in profitability. Earnings per share (EPS) for the quarter came in at ₹0.61, compared to ₹0.35 in the same period last year.

On the consolidated front, the performance was equally encouraging. Blue Cloud Softech posted net sales of ₹20,604.80 lakhs for the quarter, slightly lower compared to ₹23,123.90 lakhs in the same period of the previous year but showing sequential growth over the March 2025 quarter. With total revenue reaching ₹20,619.91 lakhs, consolidated expenses were recorded at ₹18,665.90 lakhs. This translated into a profit before tax of ₹1,954.01 lakhs, up from ₹1,472.99 lakhs in the previous year’s quarter. After tax provisions of ₹514.81 lakhs, the consolidated profit stood at ₹1,439.20 lakhs, while total comprehensive income was reported at ₹1,436.30 lakhs. The consolidated EPS for the quarter was ₹0.33, compared to ₹0.48 in the corresponding period of the last fiscal year.

The company highlighted that there had been no deviations in the utilization of funds raised through public or private issues, no defaults in loan repayments, and no related party disclosures applicable for the quarter. It also confirmed that the results had been reviewed by the Audit Committee and approved by the Board of Directors, with the statutory auditors issuing an unmodified review report, underscoring the credibility of the financial statements.

Blue Cloud Softech also informed that its wholly owned foreign subsidiary, Blue Cloud Softech Solutions Pte. Ltd, incorporated on October 1, 2024, had not yet commenced operations as of June 30, 2025.

The results demonstrate the company’s ability to sustain growth momentum while maintaining financial discipline. With strong standalone growth and stable consolidated results, Blue Cloud Softech continues to strengthen its position in the technology sector. The performance in Q1 FY26 sets a solid foundation for the year ahead, as the company remains focused on scaling its operations and enhancing shareholder value.

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Blue Cloud Softech Reports Strong Q1 Growth with 72% Surge in Profit

Blue Cloud Softech Solutions Limited, one of India’s rapidly growing players in the AI and cybersecurity space, has announced its financial results for the first quarter of FY26, and the numbers reflect the company’s strong momentum in both performance and innovation. With a sharp rise in revenue and profit, alongside major business developments across global markets, the quarter ended June 30, 2025, stands out as a defining period for the company’s journey.

On the standalone front, the company reported revenue of ₹154.39 crore, a 45% jump compared to ₹106.47 crore recorded in the same quarter last year. This surge in revenue underlined the growing demand for Blue Cloud’s technology offerings and the expanding base of enterprise clients it serves across industries. Even though consolidated revenue dipped slightly to ₹206.20 crore, primarily due to temporary challenges faced by some international subsidiaries, the company was able to sustain profitability through careful cost management and operational efficiencies.

Blue Cloud’s profitability was one of the biggest highlights of the quarter. The standalone Profit After Tax (PAT) stood at ₹13.29 crore, representing an impressive 72% year-on-year growth. On the consolidated level, PAT rose 37% to ₹14.39 crore. Such gains emphasize the company’s ability to convert strong revenue inflows into healthy bottom-line growth. The improved EBITDA margins further reflected Blue Cloud’s focus on optimizing resources and maintaining a lean, efficient operating model, even in the face of market headwinds.

Beyond the financial results, Blue Cloud’s recent business developments illustrate its expanding influence across multiple sectors. The company secured a USD 9.36 million coastal surveillance project for the South American coastline, integrating AI, IoT, cloud technologies, CCTV, drones, and patrol trawlers into a centralized command system. In healthcare, it launched BluHealth Platform v2.0, featuring AI-powered diagnostics and non-invasive testing, creating a pipeline business potential of nearly USD 6 million.

Global expansion remained a key priority for Blue Cloud during the quarter. A new office in Grenoble, France, was inaugurated to strengthen the company’s European presence and provide local expertise across cybersecurity, defense, and healthcare domains. At the same time, Blue Cloud signed an MoU worth USD 8.90 million with LedgerFi IT Solutions for Zanzibar’s eDUA Unified Digital Government Platform, leveraging blockchain and AI for governance transformation.

The company also marked progress in workplace safety and education technology. It deployed the Bioster Air & Surface Steriliser System at a major corporate hub in Hyderabad, installed its AI-powered Access Genie video analytics platform for real-time surveillance at the Telangana Anti-Narcotics Bureau checkpoint, and implemented the Edu Genie digital learning platform at a leading commerce college. Each of these projects reinforced Blue Cloud’s commitment to delivering impact-driven technology solutions.

Further cementing its global ambitions, Blue Cloud announced a strategic acquisition of AIS Anywhere, a New Jersey-based technology solutions provider with an annual turnover of USD 83.69 million. The acquisition, structured as a complete share swap, will significantly enhance the company’s international capabilities and market reach.

Commenting on the strong Q1 performance, Tejesh Kumar Kodali, Group Chairman of Blue Cloud Softech Solutions, highlighted that the company’s growth was a direct outcome of its relentless pursuit of innovation and operational excellence. He emphasized that the quarter showcased Blue Cloud’s ability to capitalize on opportunities in security, healthcare, and digital transformation, while maintaining financial discipline and driving shareholder value. He further noted that the strategic wins during the quarter, including the coastal surveillance project in South America, the launch of BluHealth Platform v2.0, and the Zanzibar eDUA digital government initiative, underline Blue Cloud’s position as a trusted global partner for mission-critical deployments.

The Chairman also stressed that the opening of the new office in France marks an important step in strengthening the company’s global footprint. With ongoing projects across multiple regions and sectors, he reiterated Blue Cloud’s commitment to leveraging its core strengths to build sustainable growth while expanding into high-impact areas worldwide.

The first quarter of FY26 has therefore set a strong tone for Blue Cloud Softech, establishing it as a company capable of balancing growth, profitability, and innovation on a global scale. With industry tailwinds favoring digital transformation, AI-driven services, and cybersecurity, Blue Cloud is positioned to scale its impact and deliver long-term value to its stakeholders.

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Blue Cloud Softech Reports Strong Q1 FY26 Performance with Landmark Business Wins

On August 18, 2025, Blue Cloud Softech Solutions Limited, a fast-growing Indian company specializing in artificial intelligence, cybersecurity, and advanced enterprise solutions, announced its unaudited financial results for the first quarter of the financial year 2025–26. Headquartered in Hyderabad, Telangana, and listed on the Bombay Stock Exchange under the code 539607, the company revealed a set of financials that underline both its robust operational foundation and its growing global footprint.

For the quarter ending June 30, 2025, the company posted a standalone total income of ₹154.39 crore, marking an impressive 45 percent year-on-year growth compared to ₹106.47 crore during the same period last year. This strong performance is a reflection of Blue Cloud’s expanding customer base and the increasing demand for its technology-driven services. At the consolidated level, revenue stood at ₹206.20 crore, which reflected a slight decline of 11 percent year-on-year, largely due to temporary challenges faced by subsidiaries, particularly in the United States.

Despite this dip at the consolidated level, Blue Cloud delivered a remarkable improvement in profitability. Standalone EBITDA rose sharply to ₹18.79 crore, a growth of more than 71 percent year-on-year, driven by enhanced operational efficiencies and cost optimization strategies. Consolidated EBITDA stood at ₹21.35 crore, reflecting an 18 percent growth over the previous year, even against the backdrop of lower revenue. Profit after tax also showcased strength, with standalone PAT at ₹13.29 crore, up 72 percent from ₹7.74 crore in the previous year, while consolidated PAT reached ₹14.39 crore, a 37 percent year-on-year increase. This growth highlights the company’s ability to translate top-line momentum into strong bottom-line performance.

The financial results were accompanied by significant business developments that further illustrate the company’s momentum in global markets. Among its major achievements was the securing of a USD 9.36 million coastal surveillance project for South America through a U.S.-based client, which will integrate artificial intelligence, IoT, cloud technologies, CCTV, drones, and patrol trawlers into a centralized command and control center. The company also launched BluHealth Platform v2.0, an advanced healthcare technology solution designed with AI-powered clinical decision support, non-invasive diagnostics, and a strong business pipeline worth up to USD 6 million.

Expanding its global presence, Blue Cloud inaugurated a new office in Grenoble, France, to strengthen its foothold in the European market, offering localized expertise in cybersecurity, defense, and healthcare. The company also signed an USD 8.90 million MoU with LedgerFi IT Solutions for implementing the eDUA Unified Digital Government Platform for the Zanzibar Government, which combines blockchain, AI, and cloud infrastructure. On the domestic front, Blue Cloud continued to showcase its innovative solutions through the deployment of Bioster Air & Surface Steriliser Systems in Hyderabad, AI-powered surveillance systems at a key checkpoint for Telangana’s Anti-Narcotics Bureau, and the Edu Genie digital learning platform at a corporate commerce college, generating new revenue streams.

Perhaps one of the most significant strategic moves was the announcement of the acquisition of AIS Anywhere, a U.S.-based technology solutions provider with a turnover of over USD 83 million in 2024. The acquisition, executed through a share-swap transaction, represents Blue Cloud’s intent to strengthen its U.S. market presence and diversify its global portfolio further.

Commenting on the results, Mr. Tejesh Kumar Kodali, Group Chairman of Blue Cloud Softech Solutions Limited, emphasized the company’s resilience and strategic direction. He highlighted that the strong revenue growth, consistent profitability, and pipeline of high-value projects underscore Blue Cloud’s ability to adapt to changing market dynamics and capture emerging opportunities across critical sectors such as security, healthcare, and digital governance. He further noted that the inauguration of the France office and the string of high-impact project wins reaffirm Blue Cloud’s position as a trusted global technology partner for mission-critical solutions.

Founded in 1991, Blue Cloud Softech Solutions has steadily built its reputation as a leader in AI-driven enterprise solutions. Today, the company serves markets across India, the United States, the United Kingdom, the United Arab Emirates, Israel, France, Singapore, and Tanzania, with offerings that span defense, cybersecurity, enterprise digital transformation, and public safety. The Q1 FY26 performance not only reflects the strength of its core operations but also highlights its determination to expand globally while continuing to innovate in high-growth sectors.

As the company looks ahead, its focus remains on scaling its innovations, building operational efficiency, and capturing growth opportunities across international markets. With industry tailwinds in AI, digital health, and cybersecurity, Blue Cloud appears poised to deliver sustainable value to its stakeholders while reinforcing its position as a global technology innovator.

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Sudarshan Pharma Industries Secures Strategic Acquisition to Expand Manufacturing Capabilities

On August 14, 2025, Sudarshan Pharma Industries Limited (SPIL) announced a significant development that underscores its commitment to strengthening its production capabilities and expanding its presence in the pharmaceutical manufacturing sector. In a board meeting held on the same day, the company approved the acquisition of land, building, and plant & machinery assets spread across 1,563.15 square meters, located at Plot No. D-22, IDA-Medchal, Medchal Mandal, in the Malkajgiri District of Telangana. The acquisition, amounting to a total consideration of ₹25.50 crores, will be completed through a transaction with Srigen Lifesciences Private Limited.

This strategic purchase marks a crucial step forward for Sudarshan Pharma as it aims to expand its manufacturing footprint and increase production capacity. The facility being acquired is not just an infrastructural investment; it also comes with a strong foundation of pharmaceutical and chemical production capabilities. Srigen Lifesciences has been engaged in the development of over 50 potential Active Pharmaceutical Ingredient (API) key starting materials with viable commercial technology. Some of these starting materials are protected by patent rights and are already being manufactured on a commercial scale with comprehensive regulatory documentation support. The facility boasts an 80-kilolitre reactor capacity, making it a highly valuable addition to Sudarshan Pharma’s resources.

The company emphasized that this acquisition does not fall under the ambit of related party transactions and has been executed at arm’s length, ensuring complete transparency. By securing this asset, Sudarshan Pharma will be able to broaden its production base for a wide range of pharmaceutical and chemical products such as Ropivacaine, Bupivacaine, Probenecid (Probahan), Sitagliptin, Apixaban, and Rivaroxaban. These products hold significant value in the pharmaceutical market, both domestically and internationally, and the newly acquired infrastructure will allow the company to meet growing demand with enhanced efficiency.

For Sudarshan Pharma, the decision to acquire these capital assets aligns closely with its long-term growth strategy. The acquisition is expected to enable the company to increase its production capabilities, strengthen its supply chain, and diversify its portfolio of pharmaceutical offerings. Importantly, the move comes at a time when demand for high-quality, commercially viable pharmaceutical intermediates and finished products continues to rise. By adding this advanced facility to its operations, Sudarshan Pharma positions itself to capture new opportunities in the market and expand its influence within the global pharmaceutical sector.

The acquisition, valued at ₹25.50 crores, will be completed in cash, with the indicative timeline for completion set by December 31, 2025. Once finalized, the transaction is expected to give Sudarshan Pharma an even stronger foothold in the pharmaceutical manufacturing industry. Regulatory approvals applicable under the Companies Act, 2013, and other relevant provisions are being taken care of by the seller, ensuring a smooth transfer process.

Sudarshan Pharma Industries Limited has consistently worked towards building a robust infrastructure to support its business objectives, and this acquisition is a reflection of that vision. With the addition of the Medchal facility, the company looks forward to accelerating its growth trajectory, reinforcing its manufacturing strength, and delivering greater value to stakeholders.