₹3,550 crore in new orders secured April 20: ₹3,490 crore for an 875 MW AC solar EPC project from Coal India in Bikaner, Rajasthan (including O&M), and ₹60 crore for a 50 MW project in Maharashtra (BSE filing, 20 Apr). PSU orders accounted for 45% of domestic inflows in FY25; Coal India is a new marquee client. The company is expanding into BESS and wind-hybrid projects alongside its core solar EPC business. See Top Story for full context.

Board meeting called to consider an enabling resolution for fundraising via QIP, preferential allotment, or private placement (BSE filing, 20 Apr). The company has previously secured shareholder approval for up to ₹15,000 crore in capital raises and has already raised approximately $2.5 billion since FY24. Annual capex runs at ₹30,000–32,000 crore across airports (37%), roads (29%), copper (17%), and PVC (14%). Net External Debt/EBITDA has risen to 3.5x in Q1 FY26 from 2.9x in FY25; management had indicated a QIP could potentially be deferred to FY27 pending ~₹10,000 crore from the Adani Wilmar stake monetisation.

Board meeting scheduled for April 27, 2026 to seek enabling resolution for equity capital raise up to ₹5,000 crore via QIP and/or debt instruments (BSE filing, 20 Apr). AU SFB received in-principle approval from RBI for universal banking status on August 7, 2025 — the first SFB to receive such approval since 2014 — within an 18-month conversion timeline. Capital adequacy is strong: CRAR at 19.0% vs 15% regulatory minimum, Tier I at 17.1% vs 7.5% minimum. The fundraise would further fortify the capital base ahead of the full universal bank transition.

Long-term credit rating upgraded from AA− to AA+ on strong FY26 performance: revenue up 18% to ₹2,838 crore, PAT up 31% to ₹160 crore, outpacing commercial vehicle industry growth of 13% (BSE filing, 20 Apr). The company — renamed from SML Isuzu after Mahindra & Mahindra acquired the Sumitomo (43.96%) and Isuzu (15%) stakes in August 2025 — has posted ROE of 35.4% and ROCE of 30.9%, among the highest in the CV segment.

Promoter group entity Cadamba Solutions Pvt. Ltd. acquired 10 lakh equity shares via preferential allotment at ₹1,610 per share — total consideration ₹161 crore — increasing the entity's post-allotment stake to approximately 3.65% (BSE filing, 20 Apr). Overall promoter group holding remains at 51.23%. The company targets FY26 standalone revenue of ₹950–1,000 crore, up from ₹774 crore in FY25, primarily driven by battery chemicals (lithium electrolyte salts). Note: promoter Dr. Harin Kanani separately pledged 7.65% of the company's shares in April 2026 to fund Cadamba's subscription — the acquisition is partly leverage-financed.

Clarus Capital I acquired 1,45,113 shares (5.41% stake) via open market purchase on April 17, 2026 (BSE filing, 20 Apr). RPG Life Sciences operates on a zero-debt balance sheet with ROCE of 32.8% and ROE of 25.5%, characteristic of a high-quality specialty pharma franchise. The 5%+ threshold build is a material position for an institutional investor.

Two related entities — LMEL (20 lakh shares) and LEL (16.46 lakh shares) — collectively acquired a 5.31% stake via open market purchase on April 17, 2026 (BSE filing, 20 Apr). The company operates with minimal leverage (D/E: 0.13) and has delivered ROE of 22.9%. Wire rope demand is closely tied to construction, offshore, and infrastructure capex.

Mr. Manu Yeshpal Singh appointed as Managing Director & CEO effective April 21, 2026 (BSE filing, 20 Apr). This is the latest in a series of leadership changes following CVC Capital Partners' (via Aquilo House Pte.) acquisition of controlling interest in June 2025, replacing previous promoters Kedaara Capital and Partners Group. AAVAS had FY25 AUM of ₹20,420 crore (+18% YoY), though growth moderated to ~15% in Q3 FY26 amid calibrated credit tightening. The company targets 600+ branches by FY2030 and 20–25% AUM growth annually.

Mr. Sanjaykumar Shivajee Roy appointed as Executive Director & CEO of the RMC (Ready-Mix Concrete) Division, effective March 2, 2026 — disclosed via BSE filing on April 20, 2026. The building materials conglomerate (cement, RMC, tiles) is operating at a negative ROE of -4.0% and a P/E of 919x on current earnings, reflecting margin pressure; the new divisional CEO signals a focus on operational turnaround in the RMC segment.