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Spice Lounge Food Works Ltd. has expanded its technology operations with the launch of Ondesi.ca, an online classifieds and community marketplace developed by its technology subsidiary TEKSOFT SYSTEMS, Inc. The platform is aimed at South Asian residents across Ontario, Canada, specifically targeting communities of Indian, Pakistani, Bangladeshi, and Sri Lankan origin. Ondesi.ca is built as a general-purpose digital marketplace covering categories such as food, housing, groceries, jobs, student services, community listings, and other local services. The idea is to give South Asian Canadians a single platform to buy, sell, network, and access community services. The company also highlighted a sustainability angle, noting that the platform encourages users to sell unused items rather than discard them, which it says reduces waste while giving families an additional income stream. The company described the vision behind Ondesi.ca as technology that strengthens communities and creates economic opportunities. The platform allows users to post listings, find local opportunities, promote businesses, and build professional and community connections through a single interface. For Spice Lounge Food Works, the launch adds another strand to what is already a diversifying business. The company made headlines in mid-July after opening India's first Wing Zone outlet in Koramangala, Bengaluru, through its exclusive master franchise rights for the American chicken QSR brand. The Ondesi.ca launch sits on the technology side of the business, through TEKSOFT SYSTEMS, which develops digital platforms and software solutions. Together, the two announcements within days of each other show a company moving on multiple fronts simultaneously, though how Ondesi.ca scales beyond its Ontario launch and how the Wing Zone rollout progresses through its phased expansion will be the more consequential tests of execution in the months ahead.

Shares of PC Jeweller Ltd. are in focus on July 16, 2026, after the company disclosed that it has now fully repaid outstanding debt owed to four of its 14 consortium banks under the Settlement Agreement dated September 30, 2024. The latest filing confirms that one additional bank has been settled since the earlier update on July 8, when two banks had been cleared. The company said the outstanding debts owed to these four banks have been prepaid and discharged well before their scheduled due dates. PC Jeweller reiterated that it remains on track to achieve full debt-free status during the current July to September quarter. The company has reduced its total outstanding bank debt by more than 90% since the settlement agreement was signed, with a further 24% reduction recorded during the June quarter alone. On the business side, the company reported 21% consolidated revenue growth in Q1 FY27 on a year-on-year basis. The stock closed the previous trading session at ₹10.58 on the BSE, up 7.19% from the prior close of ₹9.87, after touching an intraday high of ₹10.84 and a low of ₹9.85. The gain followed two consecutive sessions of decline and came with the stock trading above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day. The 14-day RSI stood at 68.11, just below the overbought threshold of 70, suggesting the stock has room to move but is approaching stretched territory. Market capitalisation stood at ₹9,066.59 crore. The debt repayment story has been the consistent driver of PC Jeweller's share price momentum through mid-2026. The stock surged nearly 15% on May 29 after strong FY26 results, jumped another 14% on July 9 after the first two bank settlements were announced, and has continued to gain ground with each subsequent repayment update. With 10 consortium banks still to be settled and the company targeting debt-free status by September, further disclosures on this front will likely keep the stock in active focus through the quarter.

Spice Lounge Food Works Limited launched India's first Wing Zone outlet in Koramangala, Bengaluru, on July 15, 2026, marking the company's entry into the American chicken quick service restaurant segment. The outlet, located opposite Jyoti Nivas College, introduces the US-based brand to the Indian market and kicks off what the company has described as a phased nationwide expansion. The announcement was made through a corporate filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Spice Lounge Food Works has secured the exclusive Master Franchise rights for Wing Zone in India, giving it control over brand development, restaurant operations, and nationwide expansion. Wing Zone is a US-based chain with over 30 years of international presence, known for its chicken wings, signature sauces, burgers, and wraps. The Koramangala location was chosen for its strong food and beverage culture, high concentration of young professionals and students, and reliable demand for quick service dining and delivery. The expansion roadmap is already in place. The first phase covers two outlets in Bengaluru, starting with Koramangala followed by Anjanapura. The second phase adds more Bengaluru locations, and the third phase takes the brand to Hyderabad, Chennai, and other major cities. The company plans to grow through a mix of flagship restaurants and cloud kitchens to keep the model asset-light while maximising accessibility. Wing Zone joins a portfolio that already includes Buffalo Wild Wings and Blaze Kebabs. Chairperson and Director Mohan Babu Karjela said the partnership reinforces the company's commitment to building a diversified, multi-brand food services platform in India. The timing sits within a broader trend of rising disposable incomes, growing urban demand for international food brands, and the continued expansion of food delivery platforms, factors that have been drawing global QSR names to India at an accelerating pace. How quickly Wing Zone gains consumer traction in Bengaluru will determine the pace of expansion into other cities.

Blue Cloud Softech Solutions Limited announced on July 13, 2026, that its wholly owned US subsidiary, Blue Cloud Softech Solutions Ltd USA, has signed a five-year Master Services Agreement with SpaceX International Ltd, Malaysia. The agreement follows the company's earlier disclosure in June regarding preliminary discussions with the same party and converts what was then a non-binding framework into a formal long-term commercial arrangement. Under the MSA, BCSSL-USA may deliver a range of AI and digital transformation services including AI infrastructure, cloud-native AI platforms, enterprise AI solutions, AI consulting, AI integration, AI operations, and other AI-enabled digital transformation services. Individual assignments will be executed through mutually agreed Statements of Work in accordance with the terms of the master agreement. The company said it will not disclose detailed commercial terms, pricing, implementation schedules, or customer-specific operational information due to confidentiality obligations. Further disclosures will be made in compliance with applicable laws and SEBI's Listing Obligations and Disclosure Requirements Regulations. Group Chairman Tejesh Kumar Kodali said the MSA marks an important milestone in the company's global AI expansion strategy and will enable BCSSL-USA to deliver enterprise AI solutions and infrastructure services at scale while strengthening its international presence. BCSSL-USA CEO Bhaskar Nallamilli said the agreement reinforces the subsidiary's position as a trusted enterprise AI transformation partner and that the company looks forward to delivering scalable AI infrastructure and cloud-native platforms under mutually agreed work orders. The signing is a meaningful step forward from where things stood in late June, when the stock surged 40% across two sessions purely on the disclosure of preliminary non-binding talks. The MSA gives those discussions a formal commercial structure. That said, the company was clear that actual project execution and any associated revenue will depend entirely on future Statements of Work agreed between the two parties. The framework is in place, but the business still needs to flow through it. The announcement comes alongside other recent AI-related developments at Blue Cloud Softech, including the deployment of its AI-based SOCEYE platform for Hyderabad City Police and the launch of an AI-powered multilingual FIR recording application with Hyderabad Police, both in early July. The stock rose over 5% on the day the MSA was announced.

Apollo Micro Systems filed a corrigendum on July 11, 2026, to the outcome of its board meeting disclosed on July 6, stating that the revised annexures correct inadvertent errors in the earlier filing. The total fundraising size remains approximately ₹3,322.22 crore, comprising the issuance of 2,28,30,902 equity shares worth ₹951.13 crore and 5,69,15,380 convertible equity warrants worth ₹2,371.09 crore. Both the equity shares and warrants are priced at ₹416.60 each. The equity portion has attracted 55 investors. Named participants in the equity allotment include Saint Capital Fund, Tata Mutual Fund through its Tata Business Cycle Fund with a proposed subscription of 12 lakh shares, Nautilus Private Capital Ltd, Maestro Emerging Fund PCC, Robust Knights Fund PCC, M7 Global Fund PCC, Cullinan Opportunities Incorporated VCC Sub Fund 1, and Ananta Capital Ventures Fund 1. The warrant component, which forms the larger part of the fundraise, has drawn 93 investors, including 22 who also subscribed to the equity portion. Warrants are convertible into an equal number of fully paid-up equity shares of face value ₹1 each, with holders having the option to convert in one or more tranches within 12 months from the date of allotment. Promoters Chanakya Reddy Baddam and Kanishka Reddy Baddam are each proposed to receive 1.305 crore convertible warrants. Other named warrant allottees include Opal Global Diversified Fund Limited, Cullinan Opportunities Fund, Nautilus Private Capital, Maestro Emerging Fund, and Robust Knights Fund. The corrigendum replaces the earlier annexures submitted to stock exchanges and updates the preferential issue size, number of securities, and list of proposed allottees. The company asked exchanges to note the modified information and circulate it accordingly. The fundraise remains subject to shareholder approval at the extraordinary general meeting scheduled for August 4, 2026, with the record date for eligible voters set at July 28. Apollo Micro Systems shares gained 2.57% to settle at ₹408.44 on Friday, July 10. The preferential issue, when completed, will provide capital to fund the company's ₹1,550 crore all-cash acquisition of a 41.33% stake in Premier Explosives, along with working capital and growth requirements as Apollo's defence order book continues to expand.

Waterways Leisure Tourism Ltd. approved a 1:10 stock split at its board meeting on Friday, July 10, 2026, held between 2:00 pm and 2:14 pm. Under the approved proposal, every equity share of face value ₹10 will be subdivided into 10 equity shares of face value ₹1 each. The proposal remains subject to shareholder approval and necessary regulatory clearances, with the company expecting to complete the split within approximately three months of receiving those approvals. The total paid-up share capital of ₹72,39,45,430 will remain unchanged after the split. The number of equity shares will increase from 7,23,94,543 shares of ₹10 each to 72,39,45,430 shares of ₹1 each. On the authorised capital side, the number of authorised equity shares will increase from 10,00,50,000 to 1,00,05,00,000, while the total authorised share capital of ₹1,00,05,00,000 stays the same. The company also approved the alteration of Clause V of its Memorandum of Association to reflect the revised share capital structure. There will be no fractional entitlements given the clean 1:10 ratio. The company said the split is intended to improve liquidity in the secondary market and make the stock more affordable and accessible to a wider investor base, with no impact on the company's capital structure or intrinsic value. The stock's journey since its July 1 listing has been a sharp reversal from a weak debut. Waterways Leisure Tourism listed at a 16% discount to its IPO price of ₹808, opening at ₹681 on the BSE. Since then the stock has climbed steadily. On Friday, it closed at ₹859, up 0.09% from the previous close of ₹858.25, after touching an intraday high of ₹884.70. The 52-week high stands at ₹903.65 and the 52-week low at ₹623.10. On a year-to-date basis the stock has gained 28.57%, and from its 52-week low it has returned approximately 37.86%. Market capitalisation stood at over ₹6,218.69 crore at the time of reporting.

Apollo Micro Systems Ltd. signed a definitive Share Purchase Agreement on July 9, 2026, to acquire a 41.33% promoter stake in Premier Explosives Ltd. for ₹1,550 crore in an all-cash transaction. The deal involves the purchase of 2.22 crore equity shares of face value ₹2 each, and will give Apollo Micro Systems control of Premier Explosives upon completion. The acquisition is expected to close by the third quarter ending December 2026, subject to clearance from the Competition Commission of India, shareholder approvals, and other customary conditions. As part of the transaction, Apollo Micro Systems is also required under SEBI's Substantial Acquisition of Shares and Takeovers Regulations to make a mandatory open offer to eligible public shareholders of Premier Explosives for up to 26% of the fully diluted voting equity share capital. The open offer price has been fixed at ₹698 per equity share. Importantly, Premier Explosives will continue to operate under its existing brand after the deal closes rather than being absorbed into Apollo's identity. Premier Explosives is a manufacturer of high energy materials, rocket motors for defence and aerospace, countermeasures, and munitions. Beyond its commercial defence and mining operations, the company also undertakes operation and maintenance services at ISRO's solid propellant plant at Sriharikota and the Solid Fuel Complex at Jagdalpur. For the year ended March 31, 2026, it reported a net worth of ₹290.43 crore, total assets of ₹483.15 crore, and turnover of ₹388.34 crore. Apollo Micro Systems said the acquisition combines the strengths of both companies in defence systems and energetic materials, and is expected to improve operational efficiencies, strengthen research and development capabilities, and expand participation in defence and space programmes. The deal is framed within the broader Aatmanirbhar Bharat and Make in India objectives. Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems, said the move deepens sovereign expertise in energetic materials and space programmes and better positions both companies to support the armed forces with greater scale, resilience, and technological self-reliance. Dr A N Gupta, Founder and Chairman of Premier Explosives, said the transaction reflects a shared vision of building a stronger, more integrated indigenous defence and aerospace ecosystem. Apollo Micro Systems is a 41-year-old defence technology company that designs, develops, and manufactures advanced electronic, electro-mechanical, and engineering systems. It positions itself as a Tier-I Original Equipment Design Cum Manufacturer with multi-domain capabilities across defence, aerospace, and homeland security. The Premier Explosives acquisition follows a busy few weeks for the company, including the DAC's clearance of ₹52,000 crore in defence acquisition proposals covering several programmes in Apollo's portfolio and the board's approval of a ₹3,322 crore fundraise through preferential equity shares and convertible warrants. The timing of the capital raise now makes more sense in the context of this acquisition, as the all-cash consideration of ₹1,550 crore will require significant liquidity. Apollo Micro Systems shares ended 1.33% higher at ₹398.60 on the BSE on Thursday, while Premier Explosives shares closed 4.13% up at ₹714.75 on the day the deal was announced.

Apollo Micro Systems Ltd. announced on Thursday, July 9, 2026, that it has entered into a Share Purchase Agreement with the promoter shareholders of Premier Explosives Ltd. to acquire a 41.33% stake in the company for ₹1,550 crore. The transaction involves the purchase of 2.22 crore equity shares of Premier Explosives with a face value of ₹2 each, and will give Apollo Micro Systems control of the target company upon completion. Under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, Apollo Micro Systems is also required to make a mandatory open offer to eligible public shareholders of Premier Explosives for up to 26% of the fully diluted voting equity share capital. The open offer price has been fixed at ₹698 per equity share. The acquisition will be funded through cash consideration and is subject to regulatory and statutory approvals, including clearance from the Competition Commission of India and fulfilment of conditions under the SPA. The transaction is expected to close within five months. Premier Explosives manufactures solid propellants for missile programmes and supplies countermeasure systems to the Indian defence, aerospace, and mining sectors. For the year ended March 31, 2026, the company reported a net worth of ₹290.43 crore, total assets of ₹483.15 crore, and turnover of ₹388.34 crore. Apollo Micro Systems said the acquisition is aligned with its objective of building an integrated, end-to-end indigenous defence platforms ecosystem under the Aatmanirbhar Bharat and Make in India frameworks. Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems, said the move strengthens India's defence manufacturing capability and deepens sovereign expertise in energetic materials and space programmes. Dr A N Gupta, Founder and Chairman of Premier Explosives, said the decision reflects a shared vision of building a stronger, more integrated indigenous defence and aerospace ecosystem. The deal comes days after Apollo Micro Systems' board approved a ₹3,322 crore fundraise through preferential equity shares and convertible warrants, a move that drew an initial negative market reaction on concerns about dilution. The Premier Explosives acquisition suggests the capital raise was being planned with a specific strategic deployment in mind. Apollo Micro Systems shares ended 1.33% higher at ₹398.60 on the BSE on Thursday, while Premier Explosives shares closed 4.13% up at ₹714.75.

Indiabulls shares hit the 5% upper circuit on Thursday, July 9, 2026, closing at ₹29.61 on the BSE as a broader market rebound lifted sentiment after two sessions of profit booking. The Sensex gained 238 points, or 0.31%, to close at 76,741.82, while the Nifty 50 rose 81 points, or 0.34%, to settle at 23,962.80. The stock has rallied sharply from its March low of ₹9, and according to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, every decline has been met with buying interest. He identified the recent swing low of ₹26 as immediate support and ₹34 as the next key resistance level. The financial results backing that price recovery are solid. Indiabulls reported a consolidated net profit of ₹194.26 crore for the quarter ended March 2026, reversing a net loss of ₹164.17 crore in the same quarter last year. Total income for the March quarter more than doubled to ₹418.39 crore from ₹149.15 crore a year earlier. For the full year FY26, the company posted a net profit of ₹346.13 crore against a net loss of ₹272.73 crore in FY25, with total income rising to ₹880.78 crore from ₹539.95 crore in the previous fiscal. During FY26, the company recorded sales bookings of ₹2,752 crore, selling 909 residential units covering 21.6 lakh square feet. Its residential portfolio is focused on the ₹2 crore to ₹6 crore price segment across luxury and mid-income housing projects in Delhi-NCR, Mumbai, and Ludhiana. On the financial services side, the company operates stock broking, digital lending, payments, wallet infrastructure, and asset reconstruction businesses within regulated frameworks. The stock has come a long way from its March lows, and the combination of a clean financial turnaround, active real estate sales, and a diversified financial services business has kept buying interest alive through periods of broader market weakness.

Shares of Elitecon International Ltd saw volatile trade on Thursday, July 9, 2026, opening at ₹24.51 on the BSE and touching an intraday high of ₹26, a gain of 8.8% from the previous close. Profit booking then pulled the stock back sharply, with the counter falling to a low of ₹23 before settling at ₹23.10, down 3.27% for the session. Market capitalisation at that level stood at ₹3,692.54 crore. The stock had been losing ground for five consecutive sessions before Thursday's move, declining 11.09% over that period, and continues to trade below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day. The company's ₹700 crore FMCG expansion plan and ₹20,000 crore revenue target by FY30, announced in June, continue to provide the narrative backdrop for the stock. The growth strategy rests on two pillars: its existing international tobacco export business and a phased rollout into packaged foods, snacks, edible oils, and everyday household products. The FMCG operations will be anchored at the company's existing manufacturing facility of over 40,000 square feet in Nashik, Maharashtra, with capacity to be expanded as demand warrants. New product launches will follow only after full readiness across manufacturing, supply, packaging, inventory, pricing, and distribution is confirmed. On the export side, Elitecon holds a tobacco order book exceeding $119 million across African and Middle Eastern markets. That includes a two-year agreement with South Africa's Bozza Tobacco worth approximately ₹202 crore and a $97.35 million order for the Middle East currently under development. The distribution ambition for the FMCG business covers more than 150 SKUs, 5,000 distribution partners, over 500,000 retail outlets, presence in more than 15 international markets, and 10 consumer brands over time. The broader market provided a supportive backdrop on the day. The BSE Sensex climbed 495.86 points to 76,998.54 and the NSE Nifty rose 148.70 points to 24,025 in early trade, recovering from the previous session's sharp drop when the Sensex had fallen 1,677 points. FIIs bought equities worth ₹1,962.80 crore on Wednesday, and Brent crude was quoted 1.04% higher at USD 78.83 per barrel.

Golden Legand Leasing and Finance Ltd. disclosed in a regulatory filing to the BSE on July 9, 2026, that it is developing an AI-powered digital platform called Bade BhaiSab, aimed at helping borrowers manage debt-related financial challenges through technology-driven solutions. According to the company, Bade BhaiSab will analyse users' financial profiles using consent-based financial data and offer personalised debt resolution plans alongside technology-enabled financial counselling. The platform is designed to help borrowers manage financial obligations through a structured approach and promote responsible borrowing practices. Golden Legand said the development is progressing as planned and that the platform will be launched once development and operational readiness are complete. It will keep stock exchanges updated on any material developments related to the launch. The Bade BhaiSab announcement is the latest in a series of digital initiatives from Golden Legand Leasing. Earlier in July, the company incorporated Gullakkart Private Limited as a wholly owned subsidiary to handle digital payment solutions and pursue a Prepaid Payment Instrument licence from the RBI. Together, the two developments reflect the company's broader push to build out a digital financial services ecosystem that goes beyond its traditional lending operations. The platform is still under development and has no confirmed launch date beyond the company's statement that it will go live once operationally ready. Its commercial impact will depend on how well it is executed, how quickly it gains user adoption, and what monetisation model the company eventually puts in place. For now, Bade BhaiSab adds another AI-linked narrative to a company that has been active on multiple strategic fronts through mid-2026, following a sharp financial turnaround in FY26 when it posted a net profit of ₹10.30 crore against a loss of ₹2.20 crore in the previous year.

Shares of Golden Legand Leasing and Finance Ltd. climbed 8.3% to ₹9.46 on Tuesday, July 7, 2026, marking a second consecutive session of gains. The stock touched an intraday high of around ₹9.50 during the session. The move followed the company's announcement that it has incorporated Gullakkart Private Limited as a wholly owned subsidiary to strengthen its digital financial services operations. According to the regulatory filing, Gullakkart will support the company's digital lending ecosystem and undertake activities related to digital payment solutions. The subsidiary also intends to apply for a Prepaid Payment Instrument licence from the Reserve Bank of India, subject to regulatory approvals. Once the licence is in place, the PPI platform is expected to complement Golden Legand's existing lending business by facilitating digital payment solutions for customers. The company said it will keep stock exchanges informed of material developments related to the PPI application as and when required. The Gullakkart incorporation follows a strong FY26 for the parent company. For the fourth quarter ended March 31, 2026, Golden Legand reported revenue from operations of ₹13.55 crore against ₹1.54 crore in Q4 FY25, a jump of nearly 779%. Profit after tax for the quarter came in at ₹2.64 crore, reversing a net loss of ₹1.45 crore in the same period last year. For the full year FY26, revenue from operations rose to ₹18.36 crore from ₹93.44 lakh in FY25, while profit after tax came in at ₹10.30 crore against a net loss of ₹2.20 crore in the previous year. The company's ownership structure is worth noting. According to Trendlyne data, the entire shareholding is held by retail investors with no promoter or institutional ownership. Retail shareholders holding shares worth over ₹2 lakh collectively owned a 59.84% stake as of the March quarter, while 2,113 retail shareholders with holdings worth up to ₹2 lakh held a combined 13.33% stake. Individual shareholders Meena Ashok Shah, Naresh Kumar, Janki Mukundbhai Patel, and Shanser Pal Singh held stakes ranging between 1.64% and 2% at the end of the March quarter. The absence of promoter holding means the stock's price movement is driven entirely by retail participation, which can amplify both gains and losses in either direction.

Shares of PC Jeweller are in focus on Wednesday, July 8, 2026, after the Delhi-based jewellery retailer disclosed that it has fully repaid outstanding dues to two of its 14 consortium banks under the terms of the Settlement Agreement signed on September 30, 2024. The company said in an exchange filing after market hours on Tuesday that the repayments are in line with its objective of becoming debt-free during the current July to September quarter. The two settlements add to a broader debt reduction effort that has been running since the agreement was signed nearly two years ago. PC Jeweller said its outstanding debt has now been reduced by more than 90% from the levels at the time of the settlement. During the June quarter alone, the company cut its remaining bank debt by another 24% under the terms of the Joint Settlement Agreement. The company said that repaying the remaining debt and achieving debt-free status in the ongoing quarter would meaningfully improve its financial position in the periods ahead. The debt cleanup is running alongside solid top-line growth. PC Jeweller reported 21% growth in consolidated revenue in the first quarter of the current fiscal year. For the full year FY26, net profit rose to ₹714.46 crore from ₹577.70 crore in FY25, while total income climbed to ₹3,549.58 crore from ₹2,371.87 crore. The company currently operates around 50 stores across major cities. On the stock front, PC Jeweller shares ended the previous session at ₹9.42 on the BSE, down 0.42% from the prior close of ₹9.45. The stock touched an intraday high of ₹9.56 and a low of ₹8.94 during the session. Market capitalisation stood at ₹8,072.52 crore. The stock had surged nearly 15% in late May after the company announced its FY26 results alongside its initial debt reduction milestones, and the latest update on the two consortium bank settlements keeps the debt-free narrative in motion ahead of the quarter end.

Shares of Apollo Micro Systems fell nearly 6% in early trade on Tuesday, July 7, 2026, after the company's board approved a fundraising plan worth up to ₹3,322 crore through a combination of preferential equity shares and convertible warrants. The stock was trading 4.6% lower at ₹404.25 at 9:50 am, even as the company has still gained 46.5% on a year-to-date basis in 2026. The proposals will be placed before shareholders at an extraordinary general meeting scheduled for August 4, 2026, to be held via video conferencing. Shareholders on record as of July 28 will be eligible to vote. The preferential equity component involves issuing up to 2.28 crore equity shares to 55 investors at ₹416.60 per share, which could raise around ₹951 crore. Among the proposed allottees are Saint Capital Fund, set to receive 50 lakh shares, and Tata Mutual Fund, proposed to receive 12 lakh shares. The warrant component is larger. The board has approved the issue of up to 5.69 crore convertible warrants to 93 investors at ₹416 each, potentially raising up to ₹2,371 crore. Two members of the promoter family, Chanakya Reddy Baddam and Kanishka Reddy Baddam, are among the proposed warrant allottees and are expected to receive 2.61 crore warrants between them. To accommodate the proposed securities and any future warrant conversions, the company also plans to increase its authorised share capital from ₹45 crore to ₹63 crore, creating room for an additional 18 crore equity shares of ₹1 each. The immediate market reaction reflects the tension that large capital raises tend to create. Fresh equity and warrants that eventually convert increase the total share count, which can dilute existing holders. The pricing of the issue, close to prevailing market levels, leaves little room for the kind of premium signal that might reassure investors about the terms. At the same time, for a company in defence electronics where order execution cycles are long and working capital requirements can rise sharply during production phases, access to capital matters. Apollo Micro Systems' consolidated order book stood at an all-time high of ₹1,432 crore at the end of FY26, and the DAC's recent clearance of ₹52,000 crore in defence acquisition proposals covering several programmes in Apollo's portfolio adds further context to why the company is looking to build its capital base now.

Shares of Waterways Leisure Tourism Ltd. gained more than 5% on July 7, 2026, after the company announced in an exchange filing that its board of directors will meet on July 10 to consider and approve a proposal for a stock split of the face value of its equity shares, subject to shareholder and regulatory approvals. The stock was trading at ₹799.95 on the BSE, up 5.10% or ₹38.85, and at ₹800 on the NSE, up 4.45% or ₹34.10, as of 11:44 am. The stock split announcement comes less than two weeks after a rough listing. Waterways Leisure Tourism debuted on July 1 at ₹681 on the BSE and ₹690 on the NSE, both representing a discount of around 14 to 16% from the IPO's upper price band of ₹808. The ₹585 crore fresh issue had received a total subscription of 1.09 times, with retail investors subscribing their portion more than three times while institutional participation remained subdued. Since listing, the stock has been recovering ground steadily over several trading sessions. The stock split proposal, if approved on July 10, would reduce the face value of each equity share and increase the number of shares in circulation proportionally. Such moves typically aim to improve affordability and liquidity for retail investors by bringing the per-share price to a lower level. The company has not yet disclosed the proposed split ratio. The broader market also provided a supportive backdrop on the day. The BSE Sensex advanced 176 points to 78,461.16 in opening trade and the NSE Nifty climbed 34.1 points to 24,464.45, aided by foreign fund inflows and crude oil prices retreating to pre-war levels as tensions in West Asia showed signs of easing. FIIs bought equities worth ₹243.03 crore on Monday, adding to the positive sentiment. Brent crude was quoted at around USD 72.45 per barrel.

Apollo Micro Systems is drawing investor attention after the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, cleared capital acquisition proposals worth approximately ₹52,000 crore on Friday, July 4, 2026. Several of the approved programmes map directly to the Hyderabad-based defence electronics company's product portfolio and existing development partnerships. The most significant clearance for Apollo is the Navy's approval for procurement of the Multi-Influence Ground Mine. Apollo Micro Systems is the DRDO-approved production agency for this system under the Development-cum-Production Partner framework, having received technology transfer for MIGM-Vighana in August 2025. Analysts estimate the MIGM programme alone could translate into a lifetime opportunity of around ₹2,000 crore for the company. On the Army side, several approved systems fall within Apollo's stated capabilities, including the Man Portable Anti-Tank Guided Missile, Very Short Range Air Defence System, AKASH TARANG anti-UAV Electronic Warfare System, Jet-Based Kamikaze Drones, and the Medium Range Surface-to-Air Missile. Many of these sit under Apollo's DPIIT lifetime arms manufacturing licence granted in April 2026, which covers missiles, ATGMs, torpedoes, and loitering munitions. The DAC announcement adds to a series of positive developments for Apollo in recent weeks. The stock had already been gaining ground following reports that key client Bharat Electronics Limited is close to a ₹30,000 crore Quick Reaction Surface-to-Air Missile order, a programme where Apollo supplies the Integrated Avionics Unit and Actuator. Analysts peg QRSAM-related subsystem supply as another ₹800 to ₹1,000 crore opportunity. On Friday, the stock gained 5.32% in early trade to ₹463 on the NSE. The DAC clearances come at a strong point in Apollo's financial trajectory. FY26 revenue rose 60.9% to ₹904 crore, Q4 profit grew 168.7%, and the consolidated order book reached an all-time high of ₹1,432 crore, roughly 1.6 times trailing revenue. Management has guided for 45 to 50% revenue CAGR through FY27, with EBITDA margins expected to expand to 26 to 28%. The board is scheduled to meet on July 6 to consider a preferential fundraising, which would provide growth capital as order flows from these programmes begin to firm up. It is worth noting that Acceptance of Necessity is an in-principle approval. Formal contracts typically follow 12 to 18 months after AoN, so while the clearance meaningfully reduces uncertainty around Apollo's medium-term order pipeline, the revenue realisation from these programmes will play out over a longer period.

Zee Media Corporation allotted 3 crore equity shares of face value ₹1 each to foreign portfolio investor Sun India Opportunities Investing Fund Incorporated VCC Sub-Fund on July 1, 2026, following the partial conversion of warrants issued on a preferential basis. The company raised ₹19.12 crore through the exercise of the balance payment due on the securities. The investor paid ₹19.125 crore, representing the balance 75% of the warrant issue price of ₹8.50 per warrant, to complete the conversion. Under the original terms, warrant holders had paid 25% of the issue price at the time of allotment, with the remaining 75% payable at the point of conversion. The equity shares have been issued at ₹8.50 per share, including a premium of ₹7.50 per share, in line with the original warrant pricing under the Companies Act, 2013 and SEBI's Issue of Capital and Disclosure Requirements Regulations, 2018. The conversion covers 3 crore out of the total 5 crore warrants allotted to the investor under the preferential issue. Sun India Opportunities Investing Fund continues to hold 2 crore outstanding warrants that remain eligible for conversion into equity shares within 18 months from the original allotment date of June 25, 2026. Following the current allotment, the investor will hold 3 crore equity shares in Zee Media, translating into a 3.33% stake on a fully diluted basis, assuming conversion of all outstanding warrants issued by the company. The allotment has increased Zee Media's total issued, subscribed, and paid-up equity share capital from ₹62.54 crore, comprising 62.54 crore equity shares, to ₹65.54 crore consisting of 65.54 crore fully paid-up equity shares. The newly allotted shares rank pari passu with the existing equity shares and will be listed on both NSE and BSE after receipt of the requisite trading approvals. Zee Media clarified that the fully diluted shareholding calculation assumes complete conversion of all 13.5 crore outstanding warrants. These include 4.5 crore warrants each held by Magnifica Global Opportunities VCC, MGO High Conviction Fund Incorporated VCC Sub-Fund, and Minerva Ventures Fund, in addition to the remaining 2 crore warrants held by Sun India Opportunities Investing Fund. The company noted that the final shareholding could vary depending on whether all outstanding warrants are ultimately converted. The preferential allotment in the current tranche involved a single investor. Zee Media stated that there has been no cancellation or termination of the proposed issuance and that the remaining warrants continue to be available for conversion within the stipulated period. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and follows the company's earlier intimation on June 25 regarding the allotment of fully convertible warrants to foreign portfolio investors classified under the public category.