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Bajaj Electrical Bajaj Electricals announced that Bajel Projects has been awarded a supply of plant and installation service contract by PowerGrid Energy Services, aggregating to Rs. 142.28 crore (Contract).
Raymond Raymond announced that BSE and NSE, vide their letters dated 01 December 2023, have issued their observation letters with ‘No adverse observation/ No objection', to the proposed scheme of arrangement of Raymond (demerged company) and Raymond Consumer Care (resulting company or transferee company) and Ray Global Consumer Trading (transferor company) and their respective shareholders (Scheme).

The company will soon file the application with National Company Law Tribunal to progress its pursuit towards unlocking value of its lifestyle business by demerger of the business into the Resulting Company, thereby listing the lifestyle business separately through a standalone entity. Raymond, the demerged company, will continue its focus on sharply growing its key verticals of real estate and engineering (includes the recently acquire aersopace & defense and electric vehicle components businesses amongst others).

Sadhana Nitro The Board of Sadhana Nitro Chem at its meeting held on 02 December 2023 has approved fund raising of up to Rs 49.95 crore by way of rights issue of shares. The funds would be utilised for acquisition of a 126-acre plot of land.

This land will be strategically employed for the establishment of both a solar power facility and a wind energy installation. These sustainable energy sources will be harnessed to generate electricity, which, in turn, will be utilised for the production of green hydrogen via water electrolysis, all within the confines of the same property.

The Board also approved increase in authorised share capital from Rs 30 crore to Rs 60 crore.

GMM Pfaudler GMM Pfaudler announced that GMM Pfaudler US Inc., (a wholly owned subsidiary of the Company) has completed the acquisition of Professional Mixing Equipment Inc. (MixPro) by way of acquisition of 100% share capital of its holding company 2012875 Ontario Inc. on 01 December 2023.
HFCL HFCL has received purchase order worth Rs 67 crore for supply of optical fiber cables to one of the domestic telecom service providers.
Jupiter Inds. Jupiter Industries & Leasing will hold a meeting of the Board of Directors of the Company on 5 December 2023.
EFC (I) EFC (I) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 December 2023 .
L G Balakrishnan The Board of L G Balakrishnan & Bros at its meeting held on 02 December 2023 has approved to enter into a Business Transfer Agreement (BTA) with LGB Forge Limited (LGBFL) to purchase its Pondicherry Plant, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 15 crore, without values being assigned to individual assets and liabilities, on the terms and conditions more specifically defined in the said agreement.
Poddar Housing Poddar Housing & Development will hold a meeting of the Board of Directors of the Company on 12 December 2023.
General Insuranc General Insurance Corporation of India will hold a meeting of the Board of Directors of the Company on 8 December 2023.
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