Symphony Ltd to Enter Room AC and BLDC Fan Markets in Strategic Diversification Move
Symphony Limited has announced a phased entry into the Room Air Conditioner, BLDC Ceiling Fan, and Air Purifier segments starting the December 2026 quarter. The company plans to leverage its existing brand equity and distribution network while maintaining an asset-light model funded through internal accruals.
Virtuoso Optoelectronics Approves ₹85 Crore Preferential Issue to ICICI Prudential
Virtuoso Optoelectronics Ltd board has approved a preferential issue of 16,89,859 equity shares to raise approximately ₹85 crore. The capital raise involves three institutional investors, including two schemes from ICICI Prudential, and is subject to shareholder approval.
S&S Power Switchgear Subsidiary Secures Landmark ₹50 Crore Order from Vedanta Aluminium
S&S Power Switchgear's wholly owned subsidiary, Hamilton Research & Technology (HART), has secured its largest-ever purchase order from Vedanta Aluminium Metal Limited. Valued at over ₹50 crore, the contract involves the supply and commissioning of advanced Pot Control Systems, reinforcing the company's indigenous technological capabilities.
RMC Switchgears Bags ₹333.80 Crore Turnkey Order from Paschim Gujarat Vij Company
RMC Switchgears Limited has secured 12 Letters of Award from Paschim Gujarat Vij Company Limited for massive turnkey power infrastructure projects. The aggregate value of these contracts stands at ₹333.80 Crore, significantly boosting the company's project pipeline.
Spectrum Electrical to Raise ₹325 Crore via Preferential Issue to HDFC MF and Others
Spectrum Electrical Industries Limited has approved a significant capital infusion of approximately ₹325 crore through a preferential issue of equity shares and convertible warrants. The board-approved move aims to strengthen the company's capital base by onboarding institutional investors including HDFC Mutual Fund and Valuequest India Inflexion Fund.
Syrma SGS Technology Reports Landmark FY26 with 27 Percent Revenue Growth
Syrma SGS Technology delivered a landmark financial year in 2026, significantly exceeding its own EBITDA and export targets. The company is now pivoting toward selective growth, prioritizing high-margin sectors and working capital efficiency over low-margin consumer volumes.
Diamond Power Infrastructure Secures ₹435.71 Cr Order for Hyderabad Data Center Projects
Diamond Power Infrastructure Limited has secured a domestic supply order valued at ₹435.71 crore for high-tension and low-tension power cables. The contract supports the development of 310 MW data center projects in Hyderabad, awarded by major EPC players including L&T and Sterling and Wilson.
Apar Industries to Seek EGM Approval for Fund Raise via QIP and Rights Issue
Apar Industries Limited has pivoted its capital-raising strategy by opting to seek shareholder approval through an Extra-Ordinary General Meeting (EGM) instead of a postal ballot. This shift, approved by the board on July 3, 2026, is designed to accelerate the timeline for a proposed fund raise involving QIPs, rights issues, or preferential allotments.
Apar Industries Board Approves ₹2,500 Crore Fund Raise via Equity and Warrants
The Board of Directors of Apar Industries has authorized a capital raising program of up to ₹2,500 Crore through various equity-linked instruments. This move aims to strengthen the company's balance sheet and provide the necessary capital for its diverse electrical equipment business segments.