Latest news with #LODR
Business Upturn
5 hours ago
- Business
- Business Upturn
Yogi shares rise over 2% after winning Rs 46.21 crore industrial equipment order
By Aditya Bhagchandani Published on July 22, 2025, 09:49 IST Shares of Yogi Ltd rose over 2% today after the company announced it has secured fresh purchase orders worth approximately ₹46.21 crore from Companion Vinimay Trading Private Limited, boosting investor sentiment. On Monday, July 21, the company informed exchanges under Regulation 30 of SEBI (LODR) that the orders cover the supply and delivery of a complete set of industrial equipment, including: Structure Assembly Head Assembly Rotary Table & Electrical Accessories Tool Changer & Additional Axis Other Accessories According to the filing, the orders were placed by a domestic customer and are expected to be executed within 15 days, under standard quality and delivery terms. Yogi clarified that neither the promoter group nor related parties have any interest in the contracting entity, and the transaction does not qualify as a related party transaction. Commenting on the development, Managing Director Ghanshyambhai Nanjibhai Patel emphasized the company's commitment to timely execution. The company stated the order, exclusive of taxes, strengthens its industrial equipment segment and is expected to positively impact near-term revenues. At the time of writing, Yogi Ltd shares were trading at ₹198.90, up 2.39%, on the BSE. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
5 hours ago
- Business
- Business Upturn
Arvind SmartSpaces shares jump 3% as company appoints Priyansh Kapoor as new CEO
By Aditya Bhagchandani Published on July 22, 2025, 09:52 IST Shares of Arvind SmartSpaces Ltd climbed nearly 3% today after the company announced the appointment of Mr. Priyansh Kapoor as its Whole Time Director & CEO, effective August 9, 2025, for a term of five years. The appointment, recommended by the Nomination and Remuneration Committee, is subject to shareholders' approval in compliance with the Companies Act 2013 and SEBI Listing Regulations. The company disclosed this development to the BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015, highlighting Mr. Kapoor's extensive experience in leadership roles in the real estate sector. Mr. Kapoor has over 16 years of experience, starting his career at Godrej Properties Ltd (GPL), where he rose to become General Manager – Sales & Marketing. He later joined The Wadhwa Group as Head of Sales, Marketing & CRM before moving to Godrej Housing Finance as Head of Business Development & Strategy. Since 2020, he has served as CEO – Mumbai Zone at GPL, where he was instrumental in establishing GPL as the second-largest residential developer in the MMR region by booking value. Mr. Kapoor holds a Post Graduate Diploma in Management from Xavier Institute of Management. At the time of writing, Arvind SmartSpaces Ltd shares were trading at ₹667.75, up 2.63% on the NSE. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
a day ago
- Business
- Mint
Poonawalla Fincorp shares rise after fundraise move. Details here
Shares of Poonawalla Fincorp gained more than 3 percent in intra-day trade on Monday, July 21, following the company's announcement that its Board of Directors will consider two major fundraising proposals during its upcoming board meeting scheduled for July 25, 2025. The move sparked positive investor sentiment, sending the stock to a high of ₹ 466.20 in early trade. In a regulatory filing, the non-banking financial company (NBFC) said the board will evaluate a proposal for raising funds through the preferential issue of equity shares. This equity infusion, if approved, will be carried out in accordance with the Companies Act, SEBI's Listing Obligations and Disclosure Requirements (LODR), and other applicable laws, subject to shareholder approval. In addition to the equity route, the board is also set to consider enhancing the company's limit for raising funds through non-convertible debentures (NCDs) on a private placement basis. The proposed increase would double the current borrowing cap from ₹ 10,000 crore to ₹ 20,000 crore for the financial year 2025–26, again subject to regulatory and other necessary approvals. The company also clarified that its trading window for designated persons and their immediate relatives will remain closed until Sunday, July 27, 2025. This is in compliance with SEBI's Prohibition of Insider Trading Regulations and the company's own internal code of conduct. The upbeat mood around the stock was further supported by Poonawalla Fincorp's earlier disclosure on July 4, where it reported robust growth in its assets under management (AUM). As of June 30, 2025, the company's AUM rose nearly 53 percent year-on-year to ₹ 41,250 crore. On a sequential basis, the company witnessed a healthy 16 percent increase in AUM. The NBFC also reported strong liquidity of ₹ 4,450 crore at the end of the first quarter, reinforcing its financial stability. "In line with our guidance, we have completed the launch of six new businesses and are seeing positive traction," the company said in its quarterly update. The Poonawalla Fincorp stock climbed as much as 3.2 percent during Monday's session, touching an intra-day high of ₹ 466.20. Earlier this month, the stock had reached a 52-week high of ₹ 483.35 and is currently trading just 3.5 percent below that peak. On the flip side, the stock hit its 52-week low of ₹ 267.25 in March 2025. Over the past year, the stock has delivered a moderate return of 10 percent. However, the near-term trend has been more volatile. While the stock has declined about 1 percent so far in July after four consecutive months of gains, it posted impressive monthly returns prior to that—15.4 percent in June, 7.5 percent in May, 7 percent in April, and a sharp 24.5 percent rally in March. The downtrend was seen earlier in the year, with a 9.4 percent drop in February and a marginal 1.3 percent decline in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
5 days ago
- Business
- Business Upturn
Paytm sets up wholly-owned subsidiary in Saudi Arabia to expand digital payments
By Aditya Bhagchandani Published on July 17, 2025, 16:24 IST One 97 Communications Limited (Paytm) announced on Thursday that its wholly-owned subsidiary Paytm Cloud Technologies Limited (PCTL) has incorporated a step-down subsidiary in Saudi Arabia named 'Paytm Company', marking its entry into the Kingdom's digital payments space. Key highlights: The new entity was incorporated on July 17, 2025, in the Kingdom of Saudi Arabia (KSA). PCTL's board approved an investment of 85,00,000 Saudi Riyal to acquire 8,500 shares at 1,000 SAR each, fully funded through cash consideration. Paytm Company will focus on expanding and distributing Paytm's technology-led digital payments stack in Saudi Arabia. The company is a wholly-owned step-down subsidiary of Paytm, as PCTL itself is fully owned by One 97 Communications. No additional regulatory or governmental approvals were required for this incorporation. The entity will operate in the information and technology support services sector. Paytm stated this move aligns with its global expansion strategy, bringing its payments and fintech expertise to the Middle Eastern market, starting with Saudi Arabia. The company's disclosure has been made under Regulation 30 of SEBI (LODR) and is also hosted on its investor relations website. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
5 days ago
- Business
- Business Upturn
MTNL funds escrow account for bond interest payment due July 20
By Aditya Bhagchandani Published on July 17, 2025, 15:03 IST Mahanagar Telephone Nigam Limited (MTNL) on Thursday informed the exchanges that it has deposited funds in the designated escrow account to ensure timely payment of interest on its bonds due later this week. The payment pertains to the 4th semi-annual interest on MTNL's 7.59% Secured Redeemable Non-Convertible Bonds (Series VIII A, ISIN: INE153A08154), which is scheduled to be paid to bondholders on July 20, 2025. According to the filing, the company deposited the required amount in the escrow account maintained with Bank of India, New Delhi Main Branch, on July 17, 2025, well in advance of the due date. MTNL stated that this step ensures compliance with the payment obligations and upholds its commitment to bondholders. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015. This proactive move comes as MTNL continues to meet its debt servicing obligations despite challenges in its core telecom business, underscoring the company's focus on maintaining investor confidence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Investments in bonds and securities are subject to market risks. Please conduct your own research or consult a qualified financial advisor before making any investment decisions. The author or publisher is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
