🇮🇳 India Daybook: Astra Microwave Bags ₹2,205 Cr Order, NSE Settles SEBI Case

📍 ORDER WIN

• Astra Microwave Products: The company bagged a massive order worth ₹2,205.23 crore from Hindustan Aeronautics Limited (HAL) for the supply of 122 AAAUs and 121 Interface Frames for the Uttam Radar. The contract is to be executed over the next five years.
• Garden Reach Shipbuilders & Engineers (GRSE): Received a Notification of Award from ONGC for the construction of four Platform Supply Vessels (PSVs) valued at ₹1,032.07 crore, with an execution timeline of 48 months.

📍 EARNINGS

• Redington: Reported a robust Q1 FY27 with consolidated profit after tax (PAT) surging 76.5% YoY to ₹4.86 billion. Revenue grew 34.5% YoY to ₹349.66 billion, led by strong performance in the India enterprise and mobility segments.
• Bajaj Housing Finance: Posted a 23% YoY increase in net profit to ₹715 crore for the June quarter. Assets Under Management (AUM) grew 24% to reach ₹1.5 trillion, despite slight margin compression.
• ITC Ltd: Scheduled to report Q1 results today. Analysts anticipate a double-digit decline in cigarette EBIT due to the full-quarter impact of recent tax hikes, though FMCG revenue is expected to remain resilient.
• Maruti Suzuki / Sun Pharma / IOC: These major Nifty 50 constituents are also set to announce their quarterly financial results during today's session.

📍 REGULATORY & LEGAL

• National Stock Exchange (NSE): Settled its past regulatory lapses with SEBI, including the co-location and dark-fibre cases, for a total payment of ₹1,491 crore. This settlement is viewed as a critical step toward the exchange's long-awaited IPO.
• LIC: Disclosed receiving a GST demand order for FY23 involving a tax amount of ₹99.10 crore, along with applicable interest and a penalty of ₹9.91 crore.
• Fischer Medical Ventures: Announced that its associate, Nanomedic Technologies, received CDSCO approval for the Spincare Portable Wound Care System, paving the way for its commercial launch in India.

📍 STAKE SALE / ACQUISITION

• REC Ltd: Successfully transferred its 100% stake in the Ryapte Power Transmission SPV to Tata Power for a total consideration of ₹110.87 crore.
• Mankind Pharma: The board has approved a corporate guarantee of ₹150 crore for its subsidiary, Bharat Serums and Vaccines, to facilitate the securing of credit facilities.

📍 BULK DEALS

• Sapphire Foods: Fidelity Funds India Focus Fund bought 20.23 lakh shares at ₹195.70 per share, while the Government of Singapore was a key seller in the counter.
• IIFL Finance: Smallcap World Fund Inc acquired 61.73 lakh shares at an average price of ₹590 per share from FIH Mauritius Investments.

📍 CORPORATE UPDATES

• Bank of India: Revised its Marginal Cost of Funds Based Lending Rate (MCLR) across tenors effective August 1, 2026. The one-year MCLR has been increased by 5 bps to 8.80%.
• Clean Science and Technology: Its subsidiary, Clean-Fino Chem, has approved the incorporation of a new specialty chemicals trading unit in the Netherlands with an initial investment of EUR 50,000.

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