Stories
Major Updates for 26 Companies: BGR Energy, TVS Motor, Adani Enterprises, and More Stocks to Watch
- •BGR Energy Systems: Shareholders at the 40th AGM approved the re-appointment of Arjun Govind Raghupathy as MD for 5 years, along with the transfer of the registered office and amendments to the company's articles of association.
- •Veranda Learning Solutions: Promoters pledged company shares for a personal loan facility of ₹111 crore; the company is not a party to this agreement.
- •Silver Touch Technologies: Received a ₹5.05 crore contract from Gujarat Energy Limited for critical infrastructure management and IT services for three years.
- •Vikran Engineering: Mumbai Income Tax Appellate Tribunal ruled in favor of the company, removing a tax demand of ₹3.97 crore and an amount of ₹6.80 crore related to unsecured loans.
- •Cupid Limited: Promoter Aditya Kumar Halwasiya purchased 2.4 million shares from the open market, increasing the promoter group's stake to 47.36%; reported a 93% increase in total revenue and a 165% increase in net profit for FY26.
Key Questions Answered
Cupid Limited reported a 93% revenue increase to ₹391 crore and a 165% net profit increase to ₹108 crore for FY 2025-26. Promoter Aditya Kumar Halwasiya purchased 24 lakh shares, raising the promoter stake to 47.36%. The board also approved a South African manufacturing joint venture, a $5 million investment in GII Healthcare, and projects a FY 2026-27 revenue of ₹725-750 crore.
Websol Energy System successfully repaid its entire IREDA loan of ₹110 crore, enabling the company to become completely debt-free and securing the release of all promoter-pledged shares. Alongside this, the company received a CRISIL rating upgrade to BBB+ and is currently advancing its production technology toward TOPCon cells.
The Mumbai Income Tax Appellate Tribunal ruled in favor of Vikran Engineering for the 2016-17 financial year, successfully removing a tax demand of ₹3.97 crore. Furthermore, an amount of ₹6.80 crore related to unsecured loans was also cleared after the company proved the lenders' identities, financial capacities, and transaction genuineness.
