Saket Lohia

2022-04-26 06:03:20 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Monday, 25 Apr

1 Welspun Corp- Company is in receipt of a major export order from South East Asia of approximately 55,000 MT

2 Borosil Glass- Approved acquisition of 100% of the share capital of lnterfloat and GMB

3 Mindtree- Mindtree and Sapiens International Corporation announced a partnership to help insurance companies drive digital transformation.

4 Intellect Design- Intellect Global Transaction Banking partners with Microsoft to establish Corporate Banking transformation on Cloud

5 BHEL- BHEL bags Maiden Order for 6,000 HP Electric Locomotives from NTPC Limited for Industrial application

6 Avantel- To consider the declaration of bonus shares on 6th day of May, 2022.

7 Veranda Learning- Agreement for the acquisition of 100% shareholding of T.I.M.E for a consideration of Rs. 287 Cr.

8 Varun Beverages- To consider the proposal for declaration of Bonus Issue of Equity Shares on April 28, 2022.

9 IndiaMart- To consider the proposal for buyback of fully paid up equity shares on April 28, 2022

10 Bank of Maharashtra- RBI has imposed a penalty of 1.12 Cr on the bank Open / Comment

2022-04-25 06:00:59 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Saturday-Sunday, 23-24 Apr

1 Future Lifestyle- Mr. Shailesh Haribhakti has resigned from the position of the Chairperson and Independent Director

2 Reliance Ind- Scheme of arrangement for the transfer of retail & wholesale business and the logistics and warehousing business of Future Group to Reliance Retail Venture cannot be implemented.

3 Torrent Power- Torrent Power acquires 50 MW Solar Power Plant from SkyPower Group at an EV of 417 Cr

4 Lloyd Metals- Company is liable to pay Rs. 900 Cr to Sunflag Iron & Steel Company under Arbitration Award.

5 Icici Bank- Approved the appointment of Mr. Anindya Banerjee as the Group Chief Financial Officer

Sarada Energy- Approved the Buyback of upto 811108 fully paid-up Equity Shares at price of Rs. 1,500/- Open / Comment

2022-04-23 07:49:35 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Friday, 22 Apr

1 Quint Digital- Company has entered into a Franchisee Agreement for a period of 5 years to launch the overseas platform named as 'Quint World'

2 Huzoor Multi Projects- Received letter for completion of balance work on EPC mode for amount of 151.85 Cr

3 Somany Ceramics- Expansion of a production line of double fast firing (DFF) to produce large format wall tile was successfully completed and commercial production has commenced

4 Zen Tech- Company has signed an Annual Maintenance contract worth ~ ₹55 Cr for simulators for a period of 5 years

5 NACL Ind- Ministry has granted the Environment Clearance with respect to the expansion of manufacturing capacity from 30 TPD to 70.1 TPD

5 Clariant Chemicals- Appointment of Mr. Bharath R. Sesha as the Managing Director

6 Insecticides India- Company has been granted the Patent for an invention entitled NOVEL MITICIDAL BENZYLAMIDES for the term of 20 years from 18th July 2016

7 Bedmutha Ind- Board approved for closure of Plant 2 of the Company situated at Nashik with effect from June 24, 2022. The Plant 2 has been running into losses.

8 IOLCP- Commenced the commercial production of 'Paracetamol' with installed capacity of 1800 MTPA along with backward integration of Para Amino Phenol (PAP)

9 Tejas Network- Mr. N. Ganapathy Subramaniam appointed as Non-Executive Chairman as Mr. Balakrishnan V has resigned Open / Comment

2022-04-22 06:06:57 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Thursday, 21 Apr

1 Sinclairs Hotels- To consider proposal for Buy-back of the fully paid-up equity shares on 26th April, 2022

2 Dhanlaxmi Bank- Bank signed MOU with CBDT and CBIC for collection of Direct Taxes and Indirect Taxes

3 Goa Carbon- Operations at the Company's Bilaspur Unit located at Sirgitti Industrial Area, Bilaspur (Chhattisgarh) has resumed.

4 JSW Energy- JSW Neo Energy has entered into a MoU with the Government of Telangana for setting up 1,500 MW capacity of Hydro Pumped Storage Project

5 LLTS- Company awarded $100 million+ electric air mobility program from Jaunt Air Mobility

6 Sasken Tech- Ms. Neeta S Revankar, Whole Time Director & CFO of the Company has decided to step down

7 Iris Business- Company has been provisionally selected for empanelment as an 'Invoice Registration Partner with the Goods and Services Tax Network

8 TVS Motors- TVS Motor Company announces additional investment of £100 million in Norton Motorcycle. Open / Comment

2022-04-21 06:01:27 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Wednesday, 20 Apr

1 Sona BLW- Sona Comstar Announces Strategic Partnership with Enedym Inc. to Produce Magnet-less EV Motors

2 PSP Projects- Company is in receipt of new work orders worth Rs. 938.76 Cr

3 PC Jewellers- Honourable Supreme Court of lndia on 19.04.2022 set aside impugned judgement and final orders of SEBI and SAT.

4 Navkar Builders- Approved Sub-Division/ Split of existing 1 (One) equity share into 5 (Five) equity shares

5 Galaxy Surfactant- Appointment of Mr. M. G. Parameswaran Independent Director as Chairman

6 Atul Ltd- Atul join hands with Valeo and Honda Power Pack Energy India for Electric Vehicles with Battery Swapping Solution

7 MRPL- Ministry of Corporate Affairs approved Scheme of amalgamation between MRPL and OMPL

8 Mazagon Dock- Launch of the sixth Scorpene Submarine of Project-75 on 20 Apr 2022

9 Fino Payment- Received approval from RBI for carrying out referral services of Term Deposits by partnering with Suryoday Small Finance Bank Open / Comment

2022-04-20 05:47:03 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Tuesday, 19 Apr

1 Au Small Finance- To consider the proposal for issuance of Bonus Shares on 26/04/2022.

2 Poonawala Fincorp- Company has entered digital consumption loans space through a tie up with KrazyBee

3 Aurionpro Solution- Aurionpro announces order win from a large public sector bank in India

4 Patel Engg- Patel Engineering bags new order of RS. 419.70 Cr from MCGM

5 Cigniti Tech- Cigniti wins a $10Mn+ ACV Deal from a US-based Financial Institution to Assure its Digital Transformation

6 P&G Hygiene- Appointed Mr. L. V. Vaidyanathan as Managing Director of the Company

7 Pennar Ind- Company, has bagged orders worth INR 498 Cr across its various business verticals

8 Orient Green- Approved raising of funds for an aggregate amount up to Rs. 230 Cr by way of an issuance of Equity Shares on rights basis

9 High Energy Batteries- To consider sub division of existing Equity share of Rs.10 on 7th May, 2022

10 Insecticides India- Company has received patent for Novel Granules and its Pesticidal Composition for the term of 20 year from 11 July 2019 Open / Comment

2022-04-19 06:12:51 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Monday, 18 Apr

1 Bhansali Engg- Company has received Consent to Operate from the M.P. Pollution Control Board, for Expansion of High Rubber Graft - HRG from 15,000 M.T to 18,000 M.T

2 Sarda Energy- To consider and approve consideration of Buyback of shares on 23/04/2022.

3 Man Infra- Company has received one more Letter of Acceptance for Rs. 402 Cr

4 EKI Energy- Company executed binding agreement with Vitol Asia PTE Limited, Singapore for deployment of around 6 Lacs Improved Cook Stoves within FY23

5 Ratnamani Metals- Company has received new Domestic and Export Orders of Rs.308 Cr and Rs.30 Cr respectively.

6 Ineos Stryrolution- An offer for Sale of up to 25,32,330 Equity Shares of the Company at a floor price of Rs 800

7 Ujjivan Financials- Appointment of Mr. Radhakrishnan Ravi, as Chief Executive Officer (CEO) & Chief Financial Officer

8 Misthan Foods- Approved Issue of Bonus Equity Shares in ration of 1:1

9 Salasar- To consider Proposal of sub-division/split of Company's existing equity shares on 30th Apr 22 Open / Comment

2022-04-18 06:07:55 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Saturday-Sunday, 16-17 Apr

1 Banswara Syntex- To consider sub-division of the Company's equity shares on May 03, 2022.

2 Elpro International- Mr. Sambhaw Kumar Jain has tendered notice of his resignation due to personal reasons from the position of CFO

3 Kamdhenu- Approved De-merger of Paint Business of Kamdhenu Ltd into Kamdhenu Colour and Coatings Ltd

4 Salzer Electronics- Company has received a patent for its Integral Cam Operated Rotary Switches.

5 UFO Moviez- Kapil Agarwal, Joint Managing Director has decided to step down from active management and from his role

6 Steel Exchange- Mr Bandi Ramesh Kumar, Joint Managing Director Cum Chief Financial Officer of the Company has resigned

7 Nagarjuna Fertilizers- Company has restarted Urea Production in Plant - II, at Kakinada, Andhra Pradesh, from April 15, 2022

8 Tata Steel- To consider a proposal for sub-division of the Equity shares on 03/05/2022 Open / Comment

2022-04-16 07:38:33 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Friday, 15 Apr

1 Maruti Suzuki- Company announced launch of the Next-Gen Ertiga in a refreshed new avatar.

2 Sangam India- Ministry of Textile, GoI has approved the PLI application for availing the benefits under PLI Scheme

3 Surya Roshni- Commercial Production on state-of-art imported mill for manufacturing of Heavy Structural Hollow Square/ Rectangular Section Steel Tubes with an installed capacity of 36,000 MTPA, commenced on 14th April 22.

4 Marathan Nextgen- Approved the Issuance of 48 Lakh convertible Warrants under Preferential Allotment at a price of Rs. 135 Per Warrant

5 Vishal Fabric- Company plans to add 2nd denim line with 10 Mn Mtr per annum capacity which will commence at the start of H2FY23

6 Variman Global- To consider Split in the face value of equity shares of the Company on 5th May 22

7 Jubilant Ingrevia- Announced a CDMO contract for estimated value of Rs 270 Cr in Specialty Chemicals business, spanning over a period of three years

8 Trident- Approval of application filed by the Company under the Production Linked Incentive Scheme for Textiles in India Open / Comment

2022-04-15 07:40:31 Street Brief!
By Saket Lohia
https://t.me/saketlohia5

Thursday, 14 Apr

1 BASF- Company has now received tax demand for Rs. 19.34 Cr (including interest & penalty) for the tax period 2017-18

2 M&M- Company announced a price hike of 2.5% on its range of vehicle

3 PVR- Opening of 6 screen multiplex in Forum Galleria Mall at Rourkela, Odisha.

4 Alkem Lab- US FDA had conducted an inspection at the Company's Bioequivalence Center with no Form 483 was issued.

5 TCS- UK's Financial Ombudsman Service Selects TCS as a Strategic Partner to Drive Digital Transformation

6 Sequent Scientific- Mr. Tushar Mistry has resigned from the position of Chief Financial Officer

7 Windlas Biotech- Company has concluded its European Union GMP Inspection for the Plant-IV situated at Dehradun with zero critical observations.

8 Sahyadri Industries- Company has successfully completed expansion of plant situated at Perundarai (Tamil Nadu) and commenced commercial production of Flat Sheet products Open / Comment