Daily filing brief

Hero MotoCorp's Ather share purchase, JSW Cement Q1: 10 important BSE and NSE announcements for 28 August 2026

By Daily BrieferPublished Updated

Hero MotoCorp's purchase of Ather shares opens this 28 August 2026 brief. JSW Cement's Q1 FY27 revenue growth, acquisitions, funding and leadership updates feature in the corporate announcements.

  1. Hero MotoCorp Ltd

    Hero MotoCorp completes purchase of 11.88 million Ather shares; stake ~32.8% on fully diluted basis

    Acquisition

    Transaction overview

    • Target: Ather Energy Limited, associate company of Hero MotoCorp; Indian EV mobility company.
    • Equity shares acquired: 1,18,80,000.
    • Total consideration: Rs 1,758 crore.
    • Stake post-acquisition: ~32.8% on a fully diluted basis.
    • Related party: yes; Ather is an associate company.
    • Purpose: acquire more equity in associate to strengthen collaboration.
    • Transaction completed; no further timeline disclosed.
    • Form of consideration: not disclosed.
    • Sector/industry: EV mobility / automotive sector.
    View source

  2. JSW Cement Ltd

    JSW Cement Q1 FY27 revenue up 21.6%, PAT ₹153 crore; rating upgraded to IND AA-

    Investor Presentation

    Business overview

    • Core cement producer with multi-regional grinding and clinker footprint.
    • GGBS business positioned as growth driver and RMC component.
    • Expansion through Nagaur integrated unit and other capex projects.

    Key operational highlights

    • Nagaur Integrated Unit: 3.3 MTPA clinker, 2.5 MTPA cement grinding.
    • Dolvi and Vijayanagar wind units: 32 MW and 24 MW installed.
    • Total volume sold up 15% YoY to 3.81 MT; cement 2.34 MT; GGBS 1.33 MT.

    Financial performance

    • Revenue from operations ₹1,896.4 crore; YoY +21.6%.
    • Total EBITDA ₹372.3 crore; YoY +8%.
    • PAT ₹153.4 crore; PBT ₹190.2 crore (pre-exceptionals).

    Capital structure & liquidity

    • Net debt ₹3,856 crore; Net debt/EBITDA 2.95x; Net debt/Equity 0.57x.
    • Cash and cash equivalents ₹357 crore.
    • Credit rating upgraded to IND AA- by India Ratings (Stable outlook).

    Strategic priorities & outlook

    • Growth focus on North expansion and high-ROCE capex.
    • Capex plans include Nagaur and UAE grinding expansions; renewables expansion ongoing.
    • GGBS and RMC expansion to capitalise on infrastructure demand.
    View source

  3. Avanti Feeds Ltd-$

    Avanti Feeds Q1 FY27: Consolidated gross income INR 1,966 cr; feed-cost pressure; pet-care capex progress; US tariff refund pending

    Earnings Call Transcript

    Financial Performance

    • Consolidated gross income Q1 FY27: INR 1,966 cr; +30% vs Q4 FY26 (1,516 cr).
    • Consolidated PBT Q1 FY27: INR 157 cr; down 15% vs Q4 FY26 (184 cr).
    • Q1 FY27 vs Q1 FY26: gross income up 19% to INR 1,657 cr.
    • Standalone Feed gross income Q1 FY27: INR 1,615 cr; up 51% QoQ.
    • Feed PBT Q1 FY27: INR 114 cr; down 18% QoQ vs 139 cr.
    • Feed sales volume Q1 FY27: 1,93,852 MT (Q4 FY26: 1,23,725 MT).
    • Feed sales volume Q1 FY27 vs Q1 FY26: 1,93,852 MT vs 1,65,564 MT.
    • Purchase prices: fish meal INR 225/kg; soya INR 71/kg; wheat INR 33/kg.
    • Avg fish meal price INR 153/kg in Q1 FY27; 123 in Q4 FY26.
    • Avg soya meal price INR 58/kg in Q1 FY27; 49 in Q4 FY26; 40 in Q1 FY26.
    • Wheat flour INR 28/kg in Q1 FY27; 31 in Q4 FY26 and Q1 FY26.
    • FY26/27 expected to be challenging; monsoon may ease and stabilize prices.
    • FY27 feed sales forecast around 5,85,000 MT.

    Shrimp Processing and Export

    • Q1 FY27 gross income: INR 350 cr; Q4 FY26: 446 cr (−22%).
    • Q1 FY27 gross income vs Q1 FY26: 350 cr vs 378 cr (−7%).
    • PBT before exceptional items Q1 FY27: INR 45 cr; Q4 FY26: 48 cr.
    • PBT Q1 FY27: INR 45 cr; up from INR 25 cr Q1 FY26 due to higher price realization.
    • Shrimp export FY26 volume: 16,976 MT; FY25: 14,149 MT (+2,827 MT).
    • FY26 frozen shrimp exports USD 5,624.48 mn; USA 33%, China 21%, EU 17%.
    • FY26 shrimp export volume 16,976 MT; FY27 estimate ~19,000 MT.

    PetCare Update

    • Avant Furst pet-care sales Q1 FY26/27: INR 180 lakh; Q4 FY25/26: INR 151 lakh.
    • Land near Hyderabad purchased; INR 25 crores; land converted to non-agriculture.
    • Consent for Establishment submitted; approval process underway; construction after approval.
    • PetCare capex: ~INR 175 crores; additional land INR 25 crores already purchased.
    • Avant Furst brand expansion; e-commerce presence and tier 1-3 market penetration.

    Industry Context and Outlook

    • Industry sees shrimp value chain integration; policy support needed for sustainable growth.
    • Government and stakeholders addressing challenges; monitoring key feed-material prices.
    • Management highlights ongoing efforts to balance farmer, feed-maker, exporter interests.

    Q&A Highlights

    • Farm-gate prices balance with global prices; management monitors affordability for farmers.
    • US reciprocal tariff refund status: entries under ADD/CVD suspended; CBP process paused.
    • Price hikes implemented around 10% in June/July; focus on formulation improvements to stabilize costs.
    • Second quarter may be weaker before benefits of price hikes and policy actions.
    • PetCare capex timeline: INR 175 crores; land INR 25 crores; construction after approvals.
    View source

  4. EPL Ltd

    EPL Q1 FY27: Revenue up 25.3%, guidance raised to high-teens; margins steady amid Europe investments; Indovida merger on track

    Earnings Call Transcript

    Financial Performance

    • Q1 FY27 revenue up 25.3%; EBITDA up 15.2%; EBITDA margin 18.8%.
    • Underlying revenue up 20%; underlying EBITDA margin 19.6% (ex pass-through pricing).
    • PAT in line; Q1 PAT down 1.4%; PBT up 10%; ROCE 18.5%.
    • Fifth straight quarter of double-digit revenue growth; 15th straight double-digit EBITDA growth.

    Product and Segment Trends

    • Beauty & Cosmetics growth exceeds 20%; Oral Care also over 20%.
    • Personal Care & Beyond now 54% of portfolio.

    Regional Performance

    • EAP growth 34.3%; Americas 29.4%; Europe 20.2%; AMESA 17%.

    Operational and Europe Update

    • Europe: challenges identified; investments in capacity and front-end capabilities; margins expected to recover with efficiency gains.

    Strategic Initiatives

    • Indovida merger: Competition Commission of India approval received; on track to complete within planned timeline.
    • Thailand operations ramping up; strong customer pipeline; expansion in growth markets.

    Sustainability and Recognition

    • Sustainable tubes now 44% of product mix.
    • Innovation awards across India and Europe; IMC Ramkrishna Bajaj Award; Best Company to Work For 2026.

    Balance Sheet and Cash Flow

    • Net working capital rise ~INR 180 crores in quarter due to inventories and pricing impact; ahead-of-curve capex.

    Guidance and Outlook

    • Growth guidance raised to high teens for the next few quarters; margin range of underlying 20% EBITDA.
    • PAT growth expected to be double-digit for the full year; Q1 strength supports full-year outlook.
    • ETR full-year guidance expected to be 20%–22%; quarterly 22% observed in Q1.

    Q&A Takeaways

    • Q1 working capital up due to inventory costs and safety stock; AR aging under control.
    • Europe: transitional costs weighed near-term margins; margins to recover with investments.
    • Americas: margin impacted by investments and pass-through pricing; underlying margin to normalize long term.
    • Indovida: merger awaiting approvals; PAT accretive per due diligence; details to be discussed post-approval.
    • Thailand ramp-up and global expansion poised to drive medium-term growth.
    View source

  5. Kalind Ltd

    Kalind approves preferential issue of 27.48 crore warrants at Rs 11.50 to two non-promoter investors

    Raising of Funds

    Instrument and terms

    • Warrants issued: 27,48,00,000 warrants, fully convertible to equity.
    • Mode: preferential issue on private placement to Public Category (Non-promoter group).
    • Issue price: Rs 11.50 per Warrant; aggregate cap Rs 316.02 crore.
    • Conversion: one equity share per Warrant at Rs 11.50 per share.
    • Premium: Rs 9.50; face value Rs 2.
    • Payment: 25% at subscription, 75% on exercise.
    • Exercise window: 18 months from allotment.
    • Unexercised warrants lapse; amount paid may be forfeited.
    • Target investor category: Non-Promoter / Non-Promoter Group (Public Category).

    Investors and allotments

    • Proposed allottees: V9BIZ BUSINESS SOLUTIONS LLP and AREEN ENERGY SOLUTIONS LLP.
    • Each allotted up to 13,74,00,000 warrants.
    • Total warrants allocated: 27,48,00,000.

    Approvals and governance

    • Board approved; requires member approval at AGM.
    • AGM scheduled for 29 September 2026 via video conferencing.
    • Subject to regulatory/government approvals.

    Shareholding impact

    • Post-issue promoter stake: 10.43%; public stake: 89.57%.
    • Fully diluted basis reflecting warrant conversion.
    View source

  6. Prestige Estates Projects Ltd

    Prestige launches Prestige Palm Court in Madhavaram, North Chennai; 910 apartments, Rs 1330 crore GDV

    Press Release / Media Release

    Development details

    • Prestige Palm Court spans 7.98 acres in Madhavaram, North Chennai.
    • 5 towers of Ground + 22 floors and 2 basements planned.
    • 910 apartments in 1- to 3-bedroom configurations.
    • Saleable area ranges from 641 sq ft to 1827 sq ft.
    • Total saleable area about 1.38 mn sq ft with GDV Rs 1330 crore.
    • Company plans 3–4 residential launches in Chennai this financial year.
    View source

  7. Axiscades Technologies Ltd

    Axiscades to acquire 90% of Cloud Wave Technologies for about INR 234 crore in cash

    Acquisition

    Target overview

    • Cloud Wave Technologies Private Limited, Bengaluru-based AS9100D-certified precision manufacturing company.
    • Operates seven manufacturing units and serves Aerospace, Defence, and Semiconductor sectors.
    • Audited FY25-26 turnover: INR 107.78 crore.
    • Incorporated in 2014; head office in Bengaluru.
    • Customer base includes Aerospace & Defence and Semiconductor firms; domestic and export markets.
    • Headquartered in Bengaluru, India.

    Deal details

    • Acquisition of 90% equity stake in Cloud Wave for cash.
    • Cash consideration ~INR 234 crore; enterprise value ~INR 260 crore.
    • 90% by 30 September 2026; remaining 10% later per definitive agreements.
    • Not a related party transaction; no promoter/group interest in Cloud Wave.

    Strategic rationale

    • Aims to transition Axiscades toward aerospace manufacturing with owned capability.
    • Adjacency to core aerospace, defence, and electronics/semiconductor offerings.
    • Will deepen client relationships and enable a manufacturing platform for global OEM programs.
    • Expected earnings accretion in the medium term, subject to transaction terms.

    Regulatory & timeline

    • Regulatory approvals: Not applicable.
    • Timeframe: 90% stake by 30 September 2026; 10% to be acquired subsequently.
    View source

  8. Muthoot Microfin Ltd

    Muthoot Microfin approves private placement of 250,000 secured NCDs aggregating ₹250 crore at 9.25% coupon

    Issue of Securities

    NCD Private Placement

    • Type of securities: Listed, rated, secured, redeemable Non-Convertible Debentures (NCDs).
    • Issuance: Private Placement.
    • Total number and value: Up to 2,50,000 NCDs aggregating ₹250 crore.
    • Listing: Yes, on BSE Limited.
    • Tenure: 24 months; Allotment 8 Sep 2026; Maturity 8 Sep 2028.
    • Coupon: 9.25% per annum.
    • Security: First ranking exclusive charge over receivables, 1.0x cover.
    • Special rights: Nil.
    • Issuance within board and shareholder-approved limits.
    View source

  9. TVS Motor Company Ltd

    TVS Motor appoints Peyman Kargar as CEO, effective January 27, 2027; Radhakrishnan transitions to non-executive

    Press Release / Media Release

    Leadership change

    • Peyman Kargar appointed Director and CEO, effective January 27, 2027.
    • K. N. Radhakrishnan to continue as Director and CEO until transition; then Non-Executive Director until AGM July 2027.

    FY2025-26 highlights

    • FY2025-26: 5.9 million vehicles sold globally.
    • FY2025-26 revenue grew 30%.
    • International Business contributed 29% of sales; growing 33%.
    View source

  10. Ola Electric Mobility Ltd

    Ola Electric launches S1Z with indigenous Bharat Cell LFP, mass-market pricing and delivery timelines

    Press Release / Media Release

    S1Z launch and key specifications

    • Ola launches S1Z, first mass-market scooter using Bharat Cell LFP technology.
    • 1 kWh and 5.1 kWh variants priced at ₹79,999 and ₹99,999 ex-showroom.
    • IDC ranges: 179 km for 3.1 kWh; 301 km for 5.1 kWh.
    • Deliveries begin December 2026 (3.1 kWh) and March 2027 (5.1 kWh).
    • S1Z to be sold via dealer-operated stores as Ola expands retail network.
    • In-house Bharat Cell LFP produced at Ola Gigafactory, lowering battery costs.
    • MoveOS 5 enables OTA updates, GPS, cruise control and energy insights.
    • Four colour options: White, Anthracite, Sky Splash Blue, Matcha Green.
    View source