Vikram Solar Limited has received a stay from the Hon’ble National Company Law Appellate Tribunal on the corporate insolvency resolution process initiated against it, allowing the company to remain operational. The company reported a total revenue of INR 4,802.25 crores and a profit-after-tax of INR 470.42 crores for the fiscal year 2026, and it maintains a strong liquidity position with no long-term debt. The management is committed to upholding governance standards and…
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Refex Industries Limited has disclosed that the Hon’ble NCLT, Chennai Bench, has ordered meetings for the Secured and Unsecured Creditors and Equity Shareholders of Refex Green Mobility Limited and Refex Industries Limited to consider a proposed Composite Scheme of Amalgamation and Arrangement on August 5, 2026. The requirement for meetings of the Equity Shareholders of Refex Mobility Limited and Refex Green Mobility Limited has been dispensed with. The order was uploaded…
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
Watch next
Fact
Admission or rejection of the application by the tribunal
BASF India Limited held a meeting on June 24, 2026, convened by the National Company Law Tribunal (NCLT), to present a Scheme of Arrangement between BASF India Limited and BASF Agricultural Solutions India Limited. The presentation was made to the equity shareholders for their consideration and approval. The filing includes details of the meeting and the registered office of BASF India Limited.
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Tata Steel Limited has acquired 199,07,40,741 equity shares of T Steel Holdings Pte. Ltd for USD 172 million (approximately ₹1,625.29 crore), maintaining its status as a wholly owned subsidiary. This acquisition is part of a larger plan to infuse up to USD 2 billion in additional funds into TSHP. The disclosure is made in compliance with regulatory requirements.
Why it matters
CapitSignal interpretation
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
1.2% of FY26 revenue
₹1,625.29 Cr stated in the filing against ₹139,720.22 Cr revenue (FY26, standalone)
SHREE CEMENT LIMITED has informed the Exchange about the Additional Commissioner (Appeals), SGST, Patna has dismissed the appeal filed against the demand order passed by the Deputy Commissioner, State
Why it matters
CapitSignal interpretation
A tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
What happened
Fact
Shree Cement Limited has reported that the Additional Commissioner (Appeals), SGST, Patna has dismissed its appeal against a demand order issued by the Deputy Commissioner, State Tax, Patna, which reinstates the demand along with a penalty. This follows earlier communications regarding the matter. The company has provided further details in an attached disclosure.
Tata Steel Limited has informed the Exchange about acquisition of equity stake in T Steel Holdings Pte. Ltd
Why it matters
CapitSignal interpretation
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What happened
Fact
Tata Steel Limited has acquired 199,07,40,741 equity shares of T Steel Holdings Pte. Ltd for USD 172 million (approximately ₹1,625.29 crore), maintaining its status as a wholly owned subsidiary. This acquisition is part of a larger plan to infuse up to USD 2 billion in additional funds into TSHP. The disclosure is made in compliance with regulatory requirements.
The Board of Directors of OnMobile Global Limited ("the Company") at its meeting held on Wednesday, June 24, 2026, in Bangalore, through zoom video conference, has inter alia, considered and approved
Why it matters
CapitSignal interpretation
Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What happened
Fact
OnMobile Global Limited's Board of Directors approved the issuance of secured, redeemable, unrated, and unlisted Non-Convertible Debentures on a private placement basis. Additionally, Radhika Venugopal was re-appointed as a Director/Whole-time Director & CFO for a further period of three years, effective March 27, 2027, pending shareholder approval at the upcoming Annual General Meeting.
Shah Metacorp Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 24, 2026.
Why it matters
CapitSignal interpretation
Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What happened
Fact
The Rights Issue Committee of SHAH has approved an extension of the Rights Issue closing date from June 24, 2026, to June 25, 2026, pending stock exchange approval. The company has also received approval for an extension until July 3, 2026, but intends to close the issue on June 25 if permitted. The ongoing Rights Issue involves the issuance of up to 10,24,68,139 fully paid-up equity shares at an issue price of ₹4.86 each.
Vikram Solar Limited has informed the Exchange about the updates on theproceedings before the Hon ble NCLAT
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Vikram Solar Limited has received a stay from the Hon’ble National Company Law Appellate Tribunal on the corporate insolvency resolution process initiated against it, allowing the company to remain operational. The company reported a total revenue of INR 4,802.25 crores and a profit-after-tax of INR 470.42 crores for the fiscal year 2026, and it maintains a strong liquidity position with no long-term debt. The management is committed to upholding governance standards and…
NLC India Limited has informed the Exchange regarding a press release dated Jun 24, 2026, titled "NLC India Renewables limited Signs Joint Venture Agreement with OREDALtd. for development of Green Ene
Why it matters
CapitSignal interpretation
A joint venture commits capital and management time to an asset the company only part-owns.
What happened
Fact
NLC India Ltd. has filed a notice regarding a joint venture. The filing was submitted to the National Stock Exchange of India and BSE Ltd. for their reference and record.
Jana Small Finance Bank Limited has informed the Exchange regarding allotment of 8843000 securities pursuant to Preferential Issue at its meeting held on Jun 24, 2026
Why it matters
CapitSignal interpretation
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
Jana Small Finance Bank Limited has allotted subscription warrants to several investors, including Capri Global Ventures Private Limited and 2i Capital PCC, among others. GWC Family Fund Investments Pte. Ltd. has applied to the Reserve Bank of India for approval to subscribe to additional warrants. The total amount paid by the investors to date is INR 102,76,00,818, with further payments due upon the exercise of the warrants.
Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What happened
Fact
Ravindra Energy Limited has announced that its rights issue opened on June 16, 2026, and closed on June 24, 2026. The company has requested the information to be noted by the relevant authorities.
Press Release dated June 24, 2026, titled - "Embassy Developments Signs MoU with Government of Uttar Pradesh for Proposed approx. Rs. 1,500 crore Commercial Real Estate Development in Lucknow."
Why it matters
CapitSignal interpretation
A joint venture commits capital and management time to an asset the company only part-owns.
What happened
Fact
Embassy Developments Limited has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for a proposed commercial real estate development in Lucknow, estimated at approximately ₹1,500 crore. The company has issued a press release regarding this development, which is available on its website.
Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) regarding the order passed
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Refex Industries Limited has disclosed that the Hon’ble NCLT, Chennai Bench, has ordered meetings for the Secured and Unsecured Creditors and Equity Shareholders of Refex Green Mobility Limited and Refex Industries Limited to consider a proposed Composite Scheme of Amalgamation and Arrangement on August 5, 2026. The requirement for meetings of the Equity Shareholders of Refex Mobility Limited and Refex Green Mobility Limited has been dispensed with. The order was uploaded…
Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Allotment of Secured, Unlisted and Redeemable Non-Convertible Debentures through Private Placement basis ( NCDs )
Why it matters
CapitSignal interpretation
Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What happened
Fact
Anand Rathi Share and Stock Brokers Limited has informed the stock exchanges about the allotment of secured, unlisted, and redeemable non-convertible debentures (NCDs) through private placement. The details of the NCD issue, as required under the relevant regulations, are included in an annexure. The company requests the exchanges to take this information on record.
Larsen & Toubro Limited has informed the Exchange about Scheme of Arrangement
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Larsen & Toubro Limited has informed that a certified copy of an order related to a merger is enclosed, and the Transferor Company will finalize the date for a meeting and dispatch the notice to shareholders as required. The filing also notes a clerical error in the recording of a date in a previous order, which has been addressed through an application for rectification. The error does not affect the substance or directions of the orders mentioned.
Viji Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 24, 2026.
Why it matters
CapitSignal interpretation
Reported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What happened
Fact
The Board of Directors of Viji Finance Limited approved the appointment of Mrs. Sejal Riddhesh Shah as a Non-Executive Non-Independent Director and Mr. Prakash Muksiya as a Non-Executive Independent Director, both effective from 24th June, 2026, subject to shareholder approval. Additionally, the Board approved the opening of branch offices in Mumbai, Ahmedabad, Surat, Indore, and Jodhpur.
Bharat Coking Coal Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Bharatcoal has disclosed that the litigation related to a complaint filed by the State of Jharkhand against six officials associated with the Jamunia Open Cast Project has been resolved. The Court of the Learned Judicial Magistrate, 1st Class, Dhanbad, acquitted all accused persons of the alleged offences under the Mines Act, 1952. As a result, the complaint case is now disposed of, concluding the litigation mentioned in the offer documents.
A dividend moves cash off the balance sheet to shareholders, so it is both a return and a statement about how much cash the business does not need.
What happened
Fact
WABAG has proposed a final dividend of INR 5.00 per equity share for the fiscal year 2025-26, subject to approval at the upcoming Annual General Meeting. The dividend income will be taxable for shareholders starting April 1, 2020, as per the Income Tax Act, 2025. The company will send detailed communication to members regarding the process for claiming exemptions from TDS on the dividend.
Signpost India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Why it matters
CapitSignal interpretation
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Signpost has informed the stock exchanges about a clarificatory order issued by the Hon'ble High Court of Karnataka regarding the company's rights under a Public-Private Partnership arrangement with Bruhat Bengaluru Mahanagara Palike. This order, dated June 23, 2026, is related to a previous judgement in a case concerning the company. Further details are provided in an annexure and are also available on the company's website.
Presentation made at the NCLT convened Equity Shareholders Meeting of BASF India Ltd at its meeting held on 24th June 2026
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
BASF India Limited held a meeting on June 24, 2026, convened by the National Company Law Tribunal (NCLT), to present a Scheme of Arrangement between BASF India Limited and BASF Agricultural Solutions India Limited. The presentation was made to the equity shareholders for their consideration and approval. The filing includes details of the meeting and the registered office of BASF India Limited.
Update 24 of 27 in a matter ongoing since Procedural
Distressinsolvency
As filed
Prior Facto Intimation of the Thirtieth (30th) Committee of Creditors meeting to be held on Thursday, June 25, 2026.
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
The company has announced that the Thirtieth Committee of Creditors meeting is scheduled for June 25, 2026, at 04:00 p.m. via video conferencing. This notification is in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The President of India, acting through and represented by the Ministry of Railways, Government of India has informed the Exchange about its intention to exercise over-subscription option for 11,24,02,
Why it matters
CapitSignal interpretation
An offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
What happened
Fact
The President of India, acting through and represented by the Ministry of Railways, Government of India has informed the Exchange about its intention to exercise over-subscription option for 11,24,02,040 equity shares.
