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VRIGHT Exchange | Research & Strategy Desk posted an update in the group VRIGHT Exchange | Daily Digest: Corporate & Economy
3 weeks, 6 days agoUPDATES’
ORDER WINS
Sarveshwar Foods Ltd: Secures a major export order worth ₹266 million from Delaware, USA–based Agri Services & Trade LLC. Total export orders now stand at ₹1,226 million over the past two months.
AIA Engineering Ltd: Subsidiary Vega Industries Chile SpA wins a $32.9 million (~₹291 crore) order from a Chilean copper mine for grinding media.
Advait Energy Transitions: Bags ₹87.3 crore order from Power Grid Corporation for a 400 kV ERS project.
DEE Development Engineers: Reports order inflow of ₹89 crore in September 2025; total order book stands at ₹1,308 crore.
Bondada Engineering: Subsidiary secures ₹13.74 crore solar project supply orders from domestic clients.
Marine Electricals: Wins an order worth ₹29.68 crore.
ACQUISITIONS
Quality Power: To acquire a 50% stake in Sukrut Electric for ₹5.22 crore; completion expected within three months.
Yash Highvoltage Ltd: To acquire 50% stake in Sukrut Electric Company Pvt. Ltd., alongside Quality Power Electrical Equipments Ltd.
COLLABORATIONS
Akiko Global: Partners with Transaction Analysts to launch a co-branded digital wallet.
Aptech: Signs MoU with WOL3D India to introduce a 3D Printing & Product Design program for students.
Praj Industries: Collaborates with Aemetis for a low-carbon upgrade at its California ethanol plant.
LEADERSHIP CHANGES
Restaurant Brands Asia: Appoints Arijit Datta as Chief Financial Officer and Key Managerial Personnel; interim CFO steps down.
Swojas Foods: Announces board restructuring with the resignation of two directors and induction of two new independent directors.
NEW PROJECTS
Sunita Tools: Hosts Thailand defence delegation to explore artillery shell supply partnership.
Ishan Dyes: Begins commissioning of its new sulphuric acid plant; commercial production slated for November 2025.
Coforge: Inaugurates a world-class public library in Hyderabad, its third CSR-led library initiative.
FUNDRAISING
Suraj Industries: Announces ₹120 crore rights issue at ₹40 per share; record date set for October 13, 2025.
Vipul Organics: Raises ₹35.2 crore via preferential allotment to 19 HNIs at ₹211 per share.
Swojas Foods: Approves ₹90 crore fundraise through issuance of convertible warrants.
REGULATORY & COMPLIANCE
Aurobindo Pharma: Receives USFDA observations citing procedural and quality control lapses.
Ansal Properties: Enforcement Directorate attaches assets worth ₹10.55 crore under PMLA case.
Q2 / BUSINESS UPDATES
Shyam Metalics: Reports Q2 CR coil/sheet volume growth of 20.77% QoQ to 38,168 MT.
S H Kelkar: H1 FY26 consolidated revenue rises ~13% YoY to ₹1,140 crore; net debt stands at ₹698 crore.
BEL: To announce Q2 results on October 31, 2025.
PRODUCT LAUNCHES
Route Mobile: Proximus Global unveils “Konera” Network API platform at Global Fintech Fest 2025.
CAMS: Think360.ai launches ‘ConsenPro’ platform for DPDP Act compliance and consumer data governance.
Darshan Orna: Introduces gold and silver trading mobile app for wholesale dealers.
Euro Panel Products: Launches “SolidAI” — 100% recyclable aluminium façade panel with Class A1 fire safety rating.
CORPORATE RESTRUCTURING
eClerx Services: Merges wholly owned U.S. subsidiaries to streamline global operations.
OTHERS
Carysil: Approves 10% capacity expansion for quartz kitchen sinks.
Manoj Ceramic: Secures trade credit insurance to support 25–30% CAGR growth.
Salzer Electronics: Receives patent for a compact high-voltage safety device.
AksharChem India: Insurance claim for VS Plant fire fully settled at ₹6.08 crore.
Associated Alcohol: Granted SL-1 license; begins manufacture and maturation of malt spirits.
Thomas Cook India & SOTC: Strengthen corporate travel business through participation in DLF Corporate Golf League 2025.
Shringar House: Q1 results — net profit ₹28.5 crore, revenue ₹332 crore, EBITDA ₹41.2 crore, margin 12.39%.
Manoj Ceramic: Expands international footprint with subsidiaries in Dubai, London, and the U.S.; growing exports to African markets.
Visaka Industries: Wins ₹52.09 crore arbitration case after Supreme Court dismisses HCA appeal.

