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MSP Steel & Power Promoters Acquire 10.83 Lakh Shares via Open Market
Three promoter group entities of MSP Steel & Power Limited have collectively purchased 1,083,500 equity shares from the open market. The acquisitions took place between December 5 and December 8, 2025, involving Shree Vinay Finvest, Jaik Leasing, and Jagran Vyapaar. Specifically, Jagran Vyapaar acquired the largest chunk of 563,500 shares during this period. This increase in promoter skin-in-the-game is typically viewed as a sign of confidence in the company's long-term prospects.
Key Highlights
Total open market purchase of 1,083,500 equity shares by three promoter group entities
Jagran Vyapaar Pvt Ltd acquired 5,63,500 shares on December 8, 2025
Shree Vinay Finvest and Jaik Leasing purchased 3,30,000 and 1,90,000 shares respectively on December 5
Disclosures submitted under Regulation 7(2) of SEBI Prohibition of Insider Trading Regulations
💼 Action for Investors
Investors should take this as a positive signal of promoter confidence, though it is advisable to monitor the company's quarterly earnings to ensure operational growth aligns with insider buying.
Interarch bags order worth approximately ₹70 Crores
Interarch Building Solutions Limited has received a Letter of Intent for a new order. The order, valued at approximately ₹70 Crores, involves the Design, Engineering, Manufacturing, Supply & Erection of Pre-Engineered Steel Building System. The project is expected to be completed within 8 months, with an advance payment of 15%. Due to commercial confidentiality, the customer's name has not been disclosed.
Key Highlights
Order value: Approximately ₹70 Crores
Completion period: 8 months
Advance payment: 15%
Order type: Design, Engineering, Manufacturing, Supply & Erection of Pre-Engineered Steel Building System
💼 Action for Investors
Investors should monitor Interarch's progress on this project and its impact on future revenue. Keep an eye on the company's ability to secure similar contracts.
KANSAINER to Divest 60% Stake in Sri Lankan Subsidiary
Kansai Nerolac Paints Limited (KANSAINER) announced the sale of its entire 60% stake in Kansai Paints Lanka (Private) Limited, its Sri Lankan subsidiary, to Atire (Private) Limited, a Sri Lankan entity. The decision was approved by the Board of Directors on December 11, 2025. Kansai Paints Lanka (Private) Limited is not a material subsidiary of the company. Post execution of the agreement, Kansai Paints Lanka (Private) Limited will cease to be a subsidiary of Kansai Nerolac Paints.
Key Highlights
KANSAINER to divest 60% stake in Kansai Paints Lanka (Private) Limited
Stake being sold to Atire (Private) Limited
Board meeting held on December 11, 2025 approved the sale
Kansai Paints Lanka (Private) Limited is not a material subsidiary
💼 Action for Investors
Investors should monitor the execution of the sale agreement and any potential impact on KANSAINER's overall financial performance. Since the subsidiary is not material, the impact is expected to be limited.
Paisalo Digital unveils AI-driven Customer Profiling & Fraud Detection System
Paisalo Digital has launched an AI-powered customer profiling and fraud detection system to improve credit risk management. The system assesses each customer, guarantor, and co-borrower as a distinct financial identity. This helps in detecting duplicate identities and monitoring cumulative exposure limits. The framework will be integrated across various lending verticals, including Micro LAP, Income Generation Loans, and MSME financing. This initiative aims to enhance underwriting accuracy and mitigate fraud.
Key Highlights
AI system assesses every customer, guarantor and co-borrower as a distinct financial identity
The AI engine detects duplicate identities and monitors cumulative exposure limits
Framework integrated across Micro LAP, Income Generation Loans and MSME financing
Dynamic customer scoring analyzes multiple data parameters including repayment behaviour and asset ownership
💼 Action for Investors
Investors should monitor Paisalo Digital's performance in reducing fraud and improving loan recovery rates following the implementation of this AI system. Keep an eye on the company's financial results to see if this technology leads to improved profitability and reduced risk.
Krishival Foods Sets December 17, 2025, as Record Date for Rights Issue
Krishival Foods Limited has officially fixed December 17, 2025, as the record date for its upcoming rights issue. This date will determine which shareholders are eligible to receive Rights Entitlements (RE) for the issuance of partly paid-up equity shares. The announcement follows a board meeting held on December 11, 2025, where the capital raising plan was finalized. This move is aimed at raising capital from existing shareholders to support the company's financial objectives.
Key Highlights
Record date for the Rights Issue is fixed for Wednesday, December 17, 2025.
The issue involves the issuance of partly paid-up equity shares to eligible shareholders.
Eligibility is determined based on the shareholding as of the close of the record date.
The announcement follows the Board Meeting outcome dated December 11, 2025.
💼 Action for Investors
Existing shareholders should monitor for the specific rights ratio and issue price to evaluate the attractiveness of the offer. Those wishing to participate must ensure they hold the shares in their demat account by the record date.
Vedanta declared successful bidder for Genjana Nickel, Chromium, PGE Block
Vedanta Limited has been declared the successful bidder for the Genjana Nickel, Chromium, and PGE Block under Critical Mineral Auctions Tranche III conducted by the Ministry of Mines, Government of India. This was communicated to the company via letter dated December 10, 2025, and received at 6:30 PM IST. This acquisition is expected to strengthen the company's critical minerals portfolio. The announcement follows a previous intimation VEDL/Sec./SE/24-25/107.
Key Highlights
Successful bidder for Genjana Nickel, Chromium and PGE Block
Letter dated December 10, 2025, received at 6:30 PM IST
Critical Mineral Auctions Tranche III
💼 Action for Investors
Investors should monitor Vedanta's progress in developing the Genjana Nickel, Chromium, and PGE Block and its impact on the company's future earnings. This acquisition could positively impact Vedanta's long-term growth prospects.
Krishival Foods Board Approves Rights Issue of up to ₹10,000 Lakhs
Krishival Foods Limited has announced a rights issue to raise up to ₹10,000 lakhs. The issue price is set at ₹300 per rights equity share, with a face value of ₹10 and a premium of ₹290. Shareholders are entitled to 45 rights equity shares for every 301 fully paid-up equity shares held on the record date, December 17, 2025. The rights issue opens on December 26, 2025, and closes on January 5, 2026.
Key Highlights
Rights Issue Size: Up to ₹10,000 lakhs
Rights Issue Price: ₹300 per Rights Equity Share
Entitlement Ratio: 45 Rights Equity Shares for every 301 fully paid-up equity shares
Record Date: December 17, 2025
Opening Date: December 26, 2025
💼 Action for Investors
Existing shareholders should evaluate their holdings and decide whether to participate in the rights issue, considering the terms and their investment goals. Monitor the company's announcements for any updates on the rights issue.
GOENKA: NCLAT orders status quo on liquidation, RP to take control
The National Company Law Appellate Tribunal (NCLAT) has ordered a status quo on the liquidation order passed by the National Company Law Tribunal (NCLT) for Goenka Diamond and Jewels Limited. This follows an appeal against the NCLT's order dated December 2, 2025, which directed liquidation. The NCLAT has granted a stay on the liquidation and has directed the Resolution Professional (RP) to take full control of the company and operate it as a going concern. The appeals are numbered 1946 of 2025 and 1949 of 2025.
Key Highlights
NCLAT ordered status quo on NCLT liquidation order on December 9, 2025.
NCLT order directing liquidation was passed on December 02, 2025.
Appeal numbers are 1946 of 2025 and 1949 of 2025.
CoC holds 67.02% vote shares.
💼 Action for Investors
Investors should monitor further developments in the Corporate Insolvency Resolution Process and be aware of the ongoing legal proceedings. The next hearing is scheduled for January 8, 2026.
TVSELECT: Record date fixed for Scheme of Amalgamation - December 15, 2025
TVS Electronics Ltd. announced the record date as December 15, 2025, for the Scheme of Amalgamation between TVS Investments Pvt Ltd. and TVS Electronics Ltd. Shareholders of the Transferor Company will be issued new shares of TVS Electronics as per the scheme. The Appointed Date for the scheme is the closing business hours of April 01, 2023. The Effective Date depends on fulfilling conditions in clause 21 and filing the NCLT order dated November 27, 2025.
Key Highlights
Record date is December 15, 2025
Appointed Date is April 01, 2023
NCLT order dated November 27, 2025
Scheme of Amalgamation between TVS Investments Pvt Ltd. and TVS Electronics Ltd.
💼 Action for Investors
Shareholders of TVS Investments Pvt Ltd. should note the record date of December 15, 2025, to be eligible for new shares of TVS Electronics. Monitor for the announcement of the Effective Date of the scheme.
SAILIFE: Order passed u/s 73(9) of GST Act, demand of ₹32.86 Cr
Sai Life Sciences received an order from the Deputy Commissioner of Commercial Taxes (Audit), Bidar, DGSTO Kalaburagi under Section 73(9) of the Integrated Goods and Services Tax Act, 2017. The order demands ₹16,28,46,397 towards IGST, ₹13,31,50,353 as interest, and ₹3,25,69,279 as penalty, totaling ₹32.86 Cr. The demand relates to alleged excess availment of Input Tax Credit in GSTR-3B compared to GSTR-2A for FY 2021-22. The company plans to file an appeal and anticipates a favorable outcome, expecting no material financial impact.
Key Highlights
IGST demand of ₹16,28,46,397
Interest demand of ₹13,31,50,353
Penalty of ₹3,25,69,279
Order passed under Section 73(9) of the GST Act
Demand related to FY 2021-22
💼 Action for Investors
Investors should monitor the progress of the appeal filed by the company. While the company anticipates a favorable outcome, any adverse development could potentially impact its financials.
Tara Chand Infra bags ₹14.04 crore order from JK Cement
Tara Chand InfraLogistic Solutions Limited has secured a new contract from JK Cement Ltd for specialized services. The contract is valued at ₹14,04,20,000 (including taxes) and is scheduled to be executed over 3 months, spanning Q3 and Q4 of FY26. This new order indicates potential revenue growth for the company. Investors should monitor the company's progress in executing this contract and its impact on future earnings.
Key Highlights
Contract value: ₹14,04,20,000 (incl of taxes)
Execution period: 3 months
Starting from Q3 Fy26 and Q4Fy26
Order from JK Cement Ltd
💼 Action for Investors
Investors should monitor Tara Chand InfraLogistic Solutions' ability to execute this contract efficiently and its impact on the company's revenue and profitability in the coming quarters. Keep an eye on any further contract wins as a sign of continued growth.
Visaka Industries to Transfer Leasehold Rights of Chennai Land for Rs 32.86 Crores
Visaka Industries Limited has entered into a Memorandum of Understanding (MoU) to transfer its leasehold rights for a 7-acre land parcel in Mahindra World City, Chennai. The transaction is valued at Rs 32.86 crores and is being executed with M/s Caresoft Global Mobility Technologies Private Limited. The company has identified this land as a non-strategic asset, meaning the sale will not impact its core manufacturing operations. The deal is expected to be completed within 60 to 90 days, providing a healthy cash inflow for the company.
Key Highlights
Transfer of leasehold rights for 7.00 acres of land situated at Mahindra World City, Chennai.
Total consideration for the transaction is Rs 32.86 crores to be received in tranches.
The buyer, Caresoft Global Mobility Technologies, is not a related party to the promoters.
Expected completion timeline is 60 days from the MoU date, extendable by another 30 days.
The asset is classified as non-strategic, ensuring no disruption to existing business turnover.
💼 Action for Investors
Investors should view this as a positive liquidity event that unlocks value from idle assets. Monitor how the company utilizes the Rs 32.86 crore proceeds, particularly if used for debt reduction or core business expansion.
Honasa Consumer acquires Reginald Men for ₹195 crore
Honasa Consumer Limited is expanding into the men's personal care category by acquiring Reginald Men for an enterprise value of ₹195 crore. Honasa will acquire a 95% stake initially, with the remaining 5% to be acquired after 12 months. Reginald Men achieved a top line of ₹70+ crore in the last twelve months with nearly 25% EBITDA. This acquisition strengthens Honasa's presence in the South Indian market and adds strength in categories like sunscreen and serums.
Key Highlights
Honasa acquires Reginald Men for ₹195 crore enterprise value.
Reginald Men's last twelve-month revenue: ₹70+ crore.
Reginald Men's EBITDA: ~25%.
Honasa to acquire 95% stake initially.
Reginald Men founded in August 2022.
💼 Action for Investors
This acquisition signals Honasa's strategic expansion into a new market segment. Investors should monitor the integration of Reginald Men and its impact on Honasa's overall revenue and profitability.
Aban Offshore: Corporate Insolvency Resolution Process (CIRP) Update
Aban Offshore Limited is undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The second meeting of the Committee of Creditors (CoC) will be held on December 12th, 2025, at 4:00 p.m. The meeting will take place at Raheja Centre, Mumbai, and/or through Audio/ Video Conferencing. Shailesh Desai is the Resolution Professional with IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362, valid until December 31st, 2025.
Key Highlights
Second CoC meeting on December 12th, 2025 at 4:00 p.m.
Resolution Professional: Shailesh Desai, IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362
AFA Valid till 31st December 2025
CIN : LO 1119TN 1986PLCO 13473
💼 Action for Investors
Investors should closely monitor the developments in the CIRP process. Given the ongoing insolvency proceedings, exercise extreme caution and consult with a financial advisor before making any investment decisions related to Aban Offshore.
Aditya Birla Capital Receives RBI License for Conversion to NBFC-ICC Post-Merger
Aditya Birla Capital Limited (ABCL) has received the official Certificate of Registration from the RBI to operate as an NBFC-Investment and Credit Company (NBFC-ICC). This follows the merger of its subsidiary, Aditya Birla Finance Limited, with the parent company effective April 1, 2025. The transition from a Core Investment Company (CIC) to an ICC provides the company with greater operational flexibility in lending and credit activities. While the company was already operating under an interim NOC, this formal certification completes a key regulatory milestone.
Key Highlights
Received RBI Certificate of Registration as NBFC-ICC dated December 9, 2025
Successfully converted from a Core Investment Company (CIC) to an Investment and Credit Company (ICC)
Follows the amalgamation of Aditya Birla Finance Limited with ABCL effective April 1, 2025
Formalizes the integrated corporate structure allowing for direct credit operations
💼 Action for Investors
This regulatory approval is a positive development that simplifies the group structure and enhances operational efficiency. Investors should view this as a successful completion of the merger process, which may lead to better capital allocation and streamlined operations.
MTNL Fails to Fund Escrow for 6.85% Bond Series VI Interest Due Dec 21, 2025
MTNL has reported its inability to fund the Escrow account for the 10th semi-annual interest payment of its 6.85% Bond Series VI (INE153A08097). The interest is due on December 21, 2025, and according to the structured payment mechanism, the account should have been funded 10 days prior. The company cited insufficient funds as the reason for this lapse. However, these bonds carry a Sovereign Guarantee from the Government of India, which will be invoked by the Debenture Trustee to ensure payment.
Key Highlights
MTNL failed to deposit funds for the 10th semi-annual interest payment of 6.85% Bond Series VI.
The interest payment is due on December 21, 2025, with funding required by December 11, 2025.
Company officially cited 'insufficient funds' as the reason for the non-compliance.
Bonds are Sovereign Guaranteed by the Government of India under a Tri-Partite Agreement (TPA).
SBICAP Trustee Company Limited is expected to invoke the guarantee to facilitate payment to bondholders.
💼 Action for Investors
Bondholders should monitor the invocation of the sovereign guarantee to ensure timely interest credit. Equity investors should remain extremely cautious as this highlights the company's severe and ongoing liquidity crisis.
Honasa acquires Reginald Men for ₹195 Cr, targeting ₹500 Cr+ revenue
Honasa Consumer Limited has announced the acquisition of BTM Ventures Private Limited, which owns Reginald Men, a premium men's personal care brand, for an enterprise value of ₹195 Cr. Honasa will acquire a 95% stake initially, with the remaining 5% to be acquired after 12 months. Reginald Men has a revenue run-rate implying EV/Revenue of 2.6x and EV/EBITDA of 10.9x. This acquisition allows Honasa to enter the fast-growing men's personal care market, projected to reach over ₹40K Cr by 2032 and unlock a ₹500 Cr+ revenue opportunity.
Key Highlights
Honasa acquires 95% stake in Reginald Men for ₹195 Cr.
Reginald Men operates in a market projected to reach INR 40K Cr+ by 2032.
Implied EV/Revenue multiple is 2.6x.
Implied EV/EBITDA multiple is 10.9x.
Targeting ₹500 Cr+ revenue opportunity through category and channel expansion.
💼 Action for Investors
This acquisition expands Honasa's presence in the growing men's personal care market; investors should monitor the integration and revenue growth from this acquisition. Watch for further expansion into offline and e-commerce channels.
Honasa to acquire 95% stake in Reginald Men at ₹195 Cr enterprise value
Honasa Consumer Limited will acquire a 95% equity stake in BTM Ventures Private Limited, which owns the 'Reginald Men' brand, for ₹195 Crores. The acquisition is structured as a secondary purchase on a 'no-cash no-debt' basis. The remaining 5% stake will be acquired after 12 months based on pre-agreed valuation criteria. Reginald Men generated ₹74 Crores in revenue for the trailing twelve months ending in October 2025.
Key Highlights
Honasa to acquire 95% stake in Reginald Men
Acquisition at a ₹195 Crores enterprise value
Reginald Men's revenue for trailing twelve months is ₹74 Crores
EBITDA for Reginald Men is ₹18 Crores
GM% for Reginald Men is 72%+
💼 Action for Investors
The acquisition expands Honasa's presence in the men's personal care market; investors should monitor the integration and revenue growth from this acquisition. Consider this a positive move for Honasa.
Bansal Wire Receives GST Show Cause Notice for FY 2022-23
Bansal Wire Industries Limited has received a Show Cause Notice (SCN) from GST Authority for FY 2022-23, concerning Goods & Services Tax, Interest, and Penalty under Section 74 of the CGST/SGST Act, 2017. The notice alleges Tax amounting to ₹3,83,85,296/-, Interest amounting to ₹2,20,72,071/-, and a penalty of ₹3,83,85,296/-. The company believes the SCN is without merit and intends to respond appropriately. Similar notices for previous financial years (2018-19 to 2021-22) were resolved with negligible amounts.
Key Highlights
Show Cause Notice received under Section 74 of CGST/SGST Act, 2017 for FY 2022-23
Tax amount mentioned in SCN: ₹3,83,85,296/-
Interest amount mentioned in SCN: ₹2,20,72,071/-
Penalty amount mentioned in SCN: ₹3,83,85,296/-
💼 Action for Investors
Investors should monitor the company's response to the Show Cause Notice and any updates on the resolution of the matter. While the company anticipates no material impact, any significant financial implications could affect shareholder value.
GAYAHWS Board approves related party transactions up to ₹150 Crores each
Gayatri Highways Limited's board has approved related party transactions with Gayatri Jhansi Roadways Limited, Gayatri Lalitpur Roadways Limited, and HKR Roadways Limited, each not exceeding ₹150 Crores. These transactions include work orders, EPC/O&M services, procurement, service arrangements, asset transactions, leasing/assignment of rights, reimbursements, major maintenance works, and road safety works. The Audit Committee has already approved these transactions, and they are now subject to shareholder approval via postal ballot. The board meeting concluded with the approval of the postal ballot notice for seeking shareholder consent.
Key Highlights
Approved Related Party Transactions with Gayatri Jhansi Roadways Limited not exceeding ₹150 Crores
Approved Related Party Transactions with Gayatri Lalitpur Roadways Limited not exceeding ₹150 Crores
Approved Related Party Transactions with HKR Roadways Limited not exceeding ₹150 Crores
Meeting commenced at 3.30 P.M and concluded at 4:05 P.M
💼 Action for Investors
Investors should review the details of the related party transactions in the postal ballot and vote accordingly. Monitor the company's execution of these transactions and their impact on the company's financials.