Daily filing brief

10 Important BSE and NSE Announcements — 30 June 2026

Here are 10 notable company announcements from 30 June 2026. The brief brings the key developments together in one place and keeps the essential details easy to scan.

By Daily BrieferPublished

  1. Procal Electronics India Ltd

    Procal Electronics India reports revised audit-qualification statement; adverse opinion for FY2026

    General

    Audit impact

    • Revised Statement on Impact of Audit Qualifications submitted for FY ended March 31, 2026.
    • Auditors have issued an adverse opinion due to going concern uncertainties and unverified asset records.
    • Bank assets under SARFAESI were auctioned; Rs 49.07 lakh allocated against bank dues.
    • Inventories and PPE were derecognized; allocation split 76% inventories, 24% fixed assets per board resolution.
    • Balance confirmations missing; insufficient supporting documents hinder verification of recoverability and related adjustments.
    • Bank accounts inoperative due to pending KYC; directors used personal funds for expenses.
    • Company reports net worth negative and ongoing losses; going concern assessment affected.
    Read the primary exchange filing

  2. Newtrac Foods & Beverages Ltd

    Audit qualifications with disclaimer filed; name change to Newtrac Foods & Beverages Ltd

    General

    Audit qualifications and governance

    • Company renamed from Markobenz Ventures Limited to Newtrac Foods & Beverages Ltd.
    • Statement on Impact of Audit Qualifications for year ended 31 March 2026.
    • Audit report by NKSC & Co. carries a disclaimer of opinion.
    • Qualification due to missing loan agreements, trade confirmations, invoices and vouchers.
    • Management's views included; statement approved by Audit Committee and Board on 30 May 2026.
    • Turnover 1725.73; expenditure 2362.69; net loss -636.96; EPS -3.22; assets 1834.66; net worth 481.25.
    • Audited and adjusted figures identical; no quantified impact.
    Read the primary exchange filing

  3. Rane (Madras) Ltd

    Rane (Madras) to acquire Hindustan Composites' Friction Business for INR 370 crore; completion by end of Q2

    Press Release / Media Release

    Deal terms

    • Enter into Business Transfer Agreement to acquire Hindustan Composites Limited's Friction Business for INR 370 crore.
    • Acquisition on going concern basis (slump sale) subject to customary closing conditions and approvals.
    • Includes acquisition of assets, liabilities, contracts, licenses, and employees, with brand COMPO.
    • Completion expected by end of the second quarter, pending approvals.

    Financials and strategic rationale

    • Friction business FY26 revenue of INR 315.04 crore and PBT of INR 40.29 crore.
    • Transaction to expand RML friction platform to ₹1,000+ crore revenue.
    • Two manufacturing facilities in Paithan and Bhandara to support scale.
    • Brand COMPO acquisition to strengthen distribution network and market reach.
    • Strategic goal: create 1,000+ crore friction materials business and market leadership.

    Regulatory and closing conditions

    • Subject to regulatory approvals and customary closing conditions.
    • Transaction remains subject to terms of BTA and closing under SEBI LODR.
    Read the primary exchange filing

  4. Tata Communications Ltd

    Tata Communications Strengthens India–Singapore Digital Corridor with AI-Ready Connectivity Investments

    Press Release / Media Release

    Investments and capacity expansion

    • Acquire significant fiber capacity to strengthen Mumbai–Singapore subsea link.
    • Join as consortium member for Chennai–Singapore subsea system; RFS expected Q4 2029.
    • Current Tata Global Network capacity ~270 Tbps; utilization ~172 Tbps.
    • Proposed capacity additions: ~20 Tbps (MIST Mumbai–Singapore); ~78 Tbps (Project CS Chennai–Singapore).
    • RFS timelines: MIST by Q4 FY2027; Project CS by Q3 FY2031.
    • Investment requirements: USD 63 million for MIST in FY2027; USD 89 million for Project CS through FY2031.
    • Financing: Internal accruals.
    Read the primary exchange filing

  5. CG Power and Industrial Solutions Ltd

    CG Power and Industrial Solutions Limited – FY2025-26 Investor Highlights (QIP, acquisitions, capital deployment)

    Reg. 34 (1) Annual Report

    Financial performance and capital activities

    • Standalone revenue ₹11,331 crore; Consolidated ₹12,418 crore; YoY growth 21%/25%.
    • PAT: standalone ₹1,317 crore; consolidated ₹1,206 crore; Basic EPS ₹7.71; Total ₹7.72.
    • QIP ₹3,000 crore raised on 4 July 2025; 45.45 million shares issued.
    • Interim dividend ₹1.30 per share; record date 1 Feb 2026; outflow ₹204.74 crore.

    Acquisitions and capacity expansions

    • Fabless acquisition: ₹284.13 crore; goodwill ₹50.60 crore.
    • GGT acquisition: 55.60% stake; goodwill ₹113.45 crore.
    • Transformer capacity expanded to 75,000 MVA; MP plant added 25,000-30,000 MVA.

    Capital structure and liquidity

    • Gearing 0%; total debt ₹0.38 crore; equity ₹7,970.48 crore.

    Outlook & growth drivers

    • FY27 order book strongest in history; growth from energy transition and data centers.
    • OSAT capacity target ~14.5 million chips/day; G1+G2 expansion.
    Read the primary exchange filing

  6. CarTrade Tech Ltd

    CarTrade Tech FY26: Revenue grows 21%, debt-free with ~₹300 cr cash; AI-led platform leadership

    Investor Presentation

    Business Overview

    • Online platforms for customers, dealers, and OEMs to buy/sell new and used vehicles.
    • Asset-light model leveraging cross-platform data and AI to enable transactions.
    • Includes New Auto, Used Auto ecosystem, OLX India classifieds, and phygital auctions.
    • OLX India partnership embeds finance and liquidity into used-vehicle journeys.

    Key Operational Highlights

    • FY26 total income ₹8,697.7 crore; revenue from operations ₹7,792.7 crore.
    • EBITDA ₹2,570 crore; EBITDA margin 33% for FY26.
    • PAT ₹2,435 crore; YoY PAT up ~68%.
    • Debt-free; cash balance rise of about ₹300 crore in FY26.
    • Market leadership: #1 in New Auto and Used Auto ecosystems; 76M+ monthly visitors.
    • 7 million auctions annually; 500+ locations; 150M+ annual users.
    • OLX India: 63% of used-car listings; 2.3B chats; 200k bidders.
    • 3-year CAGR: Revenue 29%, EBITDA 98%, PAT 82%.
    • Delivered 50%+ YoY EBITDA growth in 12 consecutive quarters.
    • Launched VAYA AI and AI-driven buyer-seller tools.

    Financial Performance

    • Total income ₹8,697.7 crore in FY26; +21% YoY.
    • Revenue from operations ₹7,792.7 crore; EBITDA ₹2,570 crore; margin 33%.
    • PAT ₹2,435 crore; YoY growth 68%.
    • Q4 FY26 EBITDA margin 39%; quarterly EBITDA ₹311.9 crore.

    Capital Structure & Liquidity

    • Debt: Zero debt; cash balance up ~₹300 crore in FY26.
    • Liquidity position strong, with sizable cash generation.

    Strategic Priorities & Outlook

    • Strategic focus on scale, trust, profitability, network effects, and tech.
    • OLX India partnership to embed financing across used-car journey.
    • AI-enabled pricing, inspection, and matchmaking tools to drive conversion.
    • Continued leadership in auto marketplaces; cross-platform synergies.

    Risks & Mitigation

    • Risks include macroeconomic conditions, competition, and execution of strategy.
    • Mitigation discussed via asset-light model, data advantages, and AI-enabled trust signals.

    Governance & Leadership

    • No governance changes disclosed.
    Read the primary exchange filing

  7. Ashika Credit Capital Ltd

    Ashika Global completes 80.1527% acquisition of Ashika Capital, making ACL a wholly owned subsidiary.

    Acquisition

    Deal details

    • Target: Ashika Capital Limited (ACL), India-based SEBI Category I Merchant Banker.
    • Acquisition size: 10,50,000 equity shares for 80.1527%.
    • Current holding: 19.8473% pre-completion; ACL becomes subsidiary.
    • Purchase price: Rs 39.32 Cr in cash.
    • Regulatory approvals: none required.
    • Completion completed.

    Target background

    • ACL is SEBI-registered Category I Merchant Banker; incorporated 12 April 2000; operates in India.
    • Turnover last 3 years: 2026 Rs 21.86 Cr; 2025 Rs 14.97 Cr; 2024 Rs 21.41 Cr.
    • ACL provides issue management, placement, advisory, debt syndication services.

    Related party & governance

    • ACL promoter group; AGSL directors Pawan Jain, Daulat Jain, Chirag Jain on ACL's board.
    • AGSL is RBI-registered NBFC; acquisition is in ordinary course, arm's length.

    Rationale & terms

    • Strategic rationale: AGSL's strategic investment; ACL becomes subsidiary.
    • Purchase price: Rs 39.32 Cr; cash consideration.
    • Post-acquisition stake: 80.1527% (10,50,000 shares); ACL becomes wholly owned.
    Read the primary exchange filing

  8. MM Forgings Ltd-$

    NCLT sanctions amalgamation of a wholly owned subsidiary with its holding company; transferor to dissolve

    Scheme of Arrangement

    Overview

    • Type: Amalgamation between a wholly owned subsidiary and its holding company.
    • Transferor to dissolve; transferee remains as the surviving entity.
    • NCLT Chennai Bench sanction pronounced (order dated 19 June 2026).

    Rationale

    • Aims to realize operational synergies and consolidate operations for efficiency and cost savings.
    • Simplifies group structure by consolidating assets and liabilities into the holding company.
    • Reduces regulatory/compliance overhead post-dissolution of the transferor.

    Key Terms

    • Nature: Amalgamation of a wholly owned subsidiary into the holding company.
    • Appointed Date: 01-04-2024; effective date upon filing certified NCLT orders with ROC.
    • Related party: intra-group; not an arm's-length external transaction.
    • Approvals: NCLT sanction received; certified order copies to be filed with ROC.

    Financial Impact

    • Share consideration: transferor's shares cancelled; no new shares issued to transferor.
    • Capital structure: post-scheme authorized capital consolidated to Rs 53.5 crore (5,35,00,000 shares).
    • Liabilities: transferor's liabilities to be assumed by the transferee on implementation.
    • Accounting: inter-company balances eliminated; scheme follows pooling of interests under Ind AS 103.

    Stakeholder Impact

    • Shareholders: no external public shareholders affected; transferor is wholly owned.
    • Employees: those in service on Appointed Date to transfer to transferee with continuity and terms.
    • Creditors/Tax: liabilities transferred; tax considerations to be addressed under applicable laws.
    • Operations/Listing: intra-group merger; no immediate public listing impact expected.

    Status and Next Steps

    • Status: NCLT sanction pronounced; online order uploaded; certified copies to be obtained.
    • Next steps: file amended MOA; file with ROC; implement as per scheme terms.
    Read the primary exchange filing

  9. Bhagyanagar India Ltd

    Board approves preferential issue to QIBs and non-QIBs; EGM scheduled for July 23, 2026

    Outcome of Board Meeting

    Fundraising approvals

    • Board approved preferential issue to QIBs: up to 12,06,895 shares at Rs 348.
    • Aggregate amount for QIB issuance up to Rs 41.99 crore.
    • Approved issuance to non-QIBs: up to 2,94,539 shares at Rs 348.
    • Aggregate amount for non-QIB issuance up to Rs 10.25 crore.

    EGM and approvals

    • EGM scheduled July 23, 2026 via video conferencing.
    • Shareholder approvals to be sought for above issuances.
    • Engaged Kfin Technologies for e-voting; Scrutinizer Mr. Vikas Sirohiya.

    Key terms and disclosures

    • Issue type: Equity shares; floor price Rs 348 per share.
    • Total issuance combined Rs 52.24 crore.
    • Post-issue shareholding details attached; investors include three non-promoter buyers.
    • Date and time of Board meeting: 30 June 2026.
    Read the primary exchange filing

  10. Kalpataru Projects International Ltd

    KPIL awarded new orders worth ₹2,957 crores across T&D, B&F, and Water

    Award of Order / Receipt of Order

    Order details

    • Total value of awards: ₹2,957 crores (approx.).
    • Scope: T&D in India and overseas; B&F in India; Water in Middle East via JV/consortium.
    • Water order in Middle East secured via joint venture/consortium.
    • Orders were secured in the normal course of business.
    • Geography includes India and overseas markets.
    • Contributes to diversified order book and revenue visibility.
    Read the primary exchange filing