Author: Legal Parivar

Aarti Drugs Ltd. (NSE: AARTIDRUGS, BSE: 524348) has announced a significant leadership transition as part of its long-term succession planning and governance strategy. The company’s Board of Directors has approved the appointment of Rashesh C. Gogri as Chairman, in addition to his current role as Managing Director, and Adhish P. Patil as Managing Director, effective October 1, 2026. The appointments were approved at the Board meeting held on July 31, 2026, based on the recommendation of the Nomination and Remuneration Committee. The leadership reshuffle is aimed at strengthening corporate governance while supporting Aarti Drugs’ next phase of strategic growth across…

Clean Max Enviro Energy Solutions Ltd. (NSE: CLEANMAX, BSE: 544717) has confirmed that there was no deviation or variation in the utilisation of proceeds raised through its Initial Public Offering (IPO), according to a regulatory filing submitted to the stock exchanges for the quarter ended June 30, 2026. The company also released the Monitoring Agency Report issued by CARE Ratings Limited, which verified that the IPO proceeds have been utilized in line with the objectives outlined in the company’s offer document. CARE Ratings Finds No Deviation in IPO Fund Usage As required under SEBI’s Listing Obligations and Disclosure Requirements (LODR)…

In one of the largest artificial intelligence partnerships to date, Amazon has announced plans to invest $50 billion in OpenAI as part of a broader multi-year strategic collaboration. The investment will begin with an initial $15 billion infusion, followed by an additional $35 billion in the coming months, subject to certain conditions. The announcement comes as OpenAI raises a massive $110 billion in fresh capital at a pre-money valuation of $730 billion, underscoring the accelerating global race in AI infrastructure and enterprise adoption. OpenAI’s $110 Billion Funding Round The latest funding round includes $50 billion from Amazon, along with reported…

In a key development in the Delhi excise policy matter, the Central Bureau of Investigation (CBI) has approached the Delhi High Court challenging a trial court order that discharged all 23 accused, including former Delhi Chief Minister Arvind Kejriwal and former Deputy Chief Minister Manish Sisodia. According to the agency’s legal team, the CBI has formally filed an appeal seeking to set aside the discharge order passed by the trial court. On Friday, a Special Court in Delhi discharged all accused in the case registered by the CBI in connection with the now-withdrawn Delhi Excise Policy 2021–22. The order was…

Shares of Paisalo Digital, an NBFC backed by SBI Life Insurance, remained in focus after the company announced a ₹30 crore fundraise through commercial papers. In an exchange filing dated February 27, Paisalo Digital informed investors that it had issued 600 commercial papers with a maturity tenure of 90 days. Each instrument was issued at a discounted price of ₹4.86 lakh and will be redeemed at its face value of ₹5 lakh upon maturity. Commercial papers are short-term money market instruments typically used by companies to meet working capital requirements, manage liquidity, and raise funds at competitive interest rates. Q3…

The initial public offering (IPO) of Omnitech Engineering managed to scrape through on the final day of bidding, closing with full subscription despite muted investor participation during most of the offer period. 📊 Subscription Status As per exchange data, the IPO received bids for 2.16 crore shares against 1.79 crore shares on offer, translating into an overall subscription of 1.20 times. Segment-wise break-up: Robust participation from institutional investors and employees helped the issue cross the finish line. IPO Structure & Key Details The ₹583 crore public issue comprised: Reservation Split: The mainboard IPO is proposed to list on both the…

The initial public offering (IPO) of Acetech E-Commerce, which opened for subscription on February 27, witnessed a muted response from investors on the first day of bidding. By the close of Day 1, the issue was subscribed just 0.26 times. The IPO received bids for 10,88,400 shares against 41,50,800 shares available for subscription. The company plans to use the net proceeds primarily for working capital requirements and general corporate purposes. Acetech E-Commerce IPO: Key Details 📅 IPO Dates The issue opened on February 27 and will remain available for subscription until March 4. 💰 Price Band The price band has…

Foreign institutional investors (FIIs/FPIs) continued their selling spree on February 27, offloading Indian equities worth ₹7,536.4 crore, according to provisional exchange data. In contrast, domestic institutional investors (DIIs) stepped in aggressively, purchasing shares worth ₹12,292.8 crore. This marks the strongest single-day buying by DIIs since October 7, 2024, when they had net bought ₹13,245 crore. Meanwhile, FII selling was the steepest since August 29, 2025, when net outflows stood at ₹8,313 crore. Institutional Activity Breakdown On Friday, DIIs bought equities worth ₹24,868 crore and sold ₹12,575 crore, resulting in robust net inflows. FIIs, on the other hand, purchased shares worth…

TVS Motor Company retained its leadership in India’s electric two-wheeler market in February 2026, while Ola Electric slipped to seventh position, underscoring changing competitive dynamics as legacy automakers tightened their grip on the segment. According to vehicle registration data from the government’s Vahan portal, total electric two-wheeler registrations stood at 1,01,059 units during the month. TVS Motor topped the charts with 29,231 units, capturing a 28.9% market share. Steady demand for its iQube electric scooter helped the company maintain a comfortable lead over competitors. Bajaj Auto ranked second with 22,942 registrations, translating to a 22.7% market share, supported by continued…

Gurgaon-based Earthood Services has withdrawn its draft red herring prospectus (DRHP) for an initial public offering, according to the latest processing status update published by the Securities and Exchange Board of India (SEBI) on February 27. The company had originally filed its IPO papers in June 2025. The proposed public issue was entirely an offer-for-sale (OFS) of 62.9 lakh equity shares, with no fresh issue component. The selling shareholders included Kaviraj Singh and Ashok Kumar Gautam. Earthood Services provides carbon validation and verification services, along with environmental, social and governance (ESG) advisory and assurance solutions across India and international markets.…