📊 TEGA INDUSTRIES — ₹95.40 Cr PREFERENTIAL ISSUE

• Board approves preferential issue of 4,78,435 equity shares to AP Jupiter Holdings II Ltd.

• Issue Price: ₹1,994/share, including ₹1,984 premium

• Issue Size: ~₹95.40 Cr

• AP Jupiter Holdings II Ltd. is classified under the Public category.

• Issue is subject to shareholder and applicable regulatory/statutory approvals.

🔴 NTPC — 5 WORKERS INJURED IN ODISHA PLANT EXPLOSION

🏭 An explosion was reported at NTPC’s plant in Angul, Odisha, injuring five workers.

• Cause of the blast is yet to be established.

• Three injured workers are reported to be stable.

• Two workers have been shifted to a Bhubaneswar hospital for advanced treatment.

• Extent of any operational disruption at the plant is not specified.

INDIAN BANKS’ $12 BILLION OVERSEAS DEBT SURGE: RBI SWAP WINDOW FUELS RECORD FUNDRAISING

Dixon Amber in Focus

CHINESE SMARTPHONE GIANTS DEPEND HEAVILY ON INDIA: UP TO 35% OF GLOBAL SHIPMENTS COME FROM INDIA

India is the largest overseas market for Vivo, Oppo, Realme and OnePlus. In CY25, India accounted for 34% of Vivo’s, 23% of Oppo’s, 35% of Realme’s and 32% of OnePlus’s global shipments.

POKARNA: CO RECEIVES GST SHOW CAUSE NOTICE FROM CENTRAL GST AUTHORITY (NELLORE) PROPOSING GST DEMAND AND MATCHING PENALTY TOTALING ₹4.71 CRORE OVER ALLEGED SHORT-PAYMENTS ON MERCHANT EXPORTER SUPPLIES AND BLACK GRANITE DISPATCHES.

HERANBA INDUSTRIES:

CO BOARD APPROVES FURTHER INVESTMENT OF UP TO ₹25 CRORE IN ITS WHOLLY-OWNED SUBSIDIARY MIKUSU INDIA VIA A RIGHTS ISSUE TO SUPPORT GROWTH PLANS.

INDIA'S FOREIGN MINISTER TO VISIT RUSSIA ON AUGUST 23

JAGUAR LAND ROVER:

CO DELAYS PLANS FOR ITS ALL-ELECTRIC DEFENDER.

HYUNDAI MOTOR INDIA:

CO GETS CRISIL AAA/STABLE RATING REAFFIRMED FOR ITS BANK LOAN AND SHORT-TERM DEBT FACILITIES WORTH ₹3,800 CRORE.

NAZARA TECHNOLOGIES:

CO INCREASES ITS STAKE IN SUBSIDIARY FUNKY MONKEYS PLAY CENTRE TO 64% AFTER BEING ALLOTTED 1.87 LAKH EQUITY SHARES FOR ₹8 CRORE.

IRAN CLAIMS “SOLID DEFENSIVE SHIELD” AS TRUMP TIGHTENS ECONOMIC NOOSE ON TEHRAN

AXIS BANK:

BANK RECEIVES FINAL LISTING APPROVAL FROM INDIA INX AND NSE IX FOR ITS $300 MILLION SENIOR NOTES UNDER ITS $5 BILLION GMTN PROGRAMME.

TITAGARH RAIL SYSTEMS:

CO INAUGURATES A NEW DESIGN AND OPERATIONS CENTRE AT UTTARPARA, WEST BENGAL, TO STRENGTHEN ITS MANUFACTURING CAPABILITIES.

JPMORGAN RETAINS NIFTY 50 TARGET AT 27,000 — SEES INDIA EARNINGS GROWTH ACCELERATING

After Niva Bupa, now Edelweiss Life gets IRDAI warning.

No new branches to be opened for 6 months

*Shree Renuka Sugars:* ICICI Bank sells 2.17% stake in co in open market on August 20. (Neutral)

*Natco Pharma:* USFDA issues Form 483 with 4 Observations, after concluding inspection at FDF Unit in Hyderabad. (Neutral)

*Reliance Ind:* Shareholders approve new explosives, ammonium nitrate, fertiliser biz. (Neutral)

*Sandur Manganese:* Company incorporated wholly owned subsidiary Royal Sandur Hospitality. (Neutral)

*JBM Auto:* Company clarified that subsidiary JBM Electric Vehicles was evaluating fund-raising opportunities in the ordinary course of business. (Neutral)

*KPI Green Energy:* Subsidiary Sun Drops Energy acquired a 100% stake in DEK and Mavericks Green Energy for Rs. 55.80 crore. (Neutral)

*Elpro International:* Subsidiary Elpro Realty acquired a 100% stake in Quest Academy for Rs. 186.12 crore. (Neutral)

*RSWM:* Company incorporated a JV with NDS9 to establish a denim garment manufacturing facility at an estimated project cost of Rs. 186.30 crore. RSWM will hold a 74% stake in the JV. (Neutral)

*Shivalik Bimetal Controls:* Company entered into a loan agreement with wholly owned subsidiary Shivalik Engineered Products to meet working capital requirements and repay its term loan. (Neutral)

*H.G. Infra Engineering:* ICRA reaffirmed ratings for facilities aggregating Rs. 5,600 crore, while revising the outlook on long-term facilities to Stable from Positive. (Neutral)

*Repco Home Finance:* ICRA reaffirmed the Company's long-term term loan rating at [ICRA]AA-/Stable and enhanced the rated amount to Rs. 5,000 crore from Rs. 3,000 crore. (Neutral)

*JSW Dulux:* Rohit Ghanshyamdas Totla resigns as Whole Time Director from Nov 17. (Neutral)

*Shadowfax:* Qualcomm Asia Pacific Sells 75 Lk Shares (1.3% Eq) for ₹184 Cr (Neutral)

*Amagi Media:* Trudy Holdings, AVPI Fund & Accel Sell Nearly 5% Stake In Co for ₹587 Cr. (Neutral)

*Federal Bank:* Gets Board nod to raise up to $500 million through foreign currency bonds. (Neutral)

*Axis Bank:* Allots $300 Mn 5.179% Senior Notes under GMTN (Neutral)

*Vishal Mega Mart:* Company has re-appointed Gunender Kapur for a period of 5 years (Neutral)

*AGI Greenpac:* Manoj Kumar Goel retires as CEO. (Neutral)

*Bank of Baroda:* Raises $400 Mn through 5-year dollar bonds via 5 yrs dollar note. (Neutral)

*Craftsman Automation:* Company approves incorporation of Fronberg Precision GmbH by arm in Germany. (Neutral)

*UltraTech:* Company in JV with Grasim Ind & Hindalco to incorporate UHG Holdings IFSC. (Neutral)

*Aayush Art:* Bhagyashri Shyambihari Agrawal resigns as CFO. (Neutral)

*Meesho:* Y Combinator to sell 1.05% stake via block deal, according to media sources. (Neutral)

*Lenskart:* SVF II Lightbulb Cayman Ltd likely to sell 2.6% equity via block deal, according to media sources. (Neutral)

List of stocks included in the short term ASM Framework: Bajaj Hindusthan, Dalmia Bharat Sugar, DCM Shriram, Happy Forgings, Kwality Pharma, Kwality Wall's, Ratnaveer. (Neutral)

List of stocks excluded from ASM Framework: Allcargo Logistics, Finolex Cables, GSP Crop, TCPL Packaging (Neutral)

Circuit filter change from 20% to 10%: Avadh Sugar. (Neutral)

*Caplin Point:* US FDA conducted inspection at arm in Tamil Nadu with 10 observations. (Negative)

*ICICI Prudential:* Commissioner (Appeals Thane) Upholds Rs 365 Cr Tax, Penalty Demand. (Negative)

📌 PROMOTER ACTIVITY

• Info Edge: Promoter & Director Hitesh Oberoi sold 0.05% stake between Aug 20–21.

• Olen Industries: Promoter group bought additional 0.04% stake.

• Baazar Style Retail: Promoter Rajendra Kumar Gupta HUF sold 0.20% stake.

• W.S. Industries: Promoter bought additional 0.04% stake.

• Tai-India Chemicals & Plastics: Promoter group bought additional 0.02% stake.

• Moongipa Capital Finance: Promoter bought additional 0.50% stake.

• Crestchem: Promoter & Director bought additional 0.01% stake.

• Indian Wood Products: Promoter sold 0.04% stake.

• T.T.: Promoter group bought additional 0.03% stake.

• Trident Texofab: Promoter group bought additional 0.10% stake.

• Jindal Institute of Technology & Management: Promoter bought additional 0.04% stake.

• Sayaji Hotels: Promoter bought additional 0.02% stake.

• SAR Auto Products: Promoter & Director sold 0.01% stake.

AurobindoPharma:

US FDA concludes inspection at Arm Lannett’s Unit, issues 4 observations

Inspection took place from Aug 17-21, 2026

FTSE QUARTERLY REVIEW: MAJOR INFLOWS EXPECTED

📊 FTSE has confirmed changes to its quarterly review, effective from September 21, 2026, with adjustments scheduled for September 18

Key highlights:
Notable passive inflows are expected in URBANCO, ANTHEM, SKFINDUS, EMCURE, RUBICON and SIS following their addition to the FTSE All-Cap.

Meaningful weight increases are also expected in MEESHO, LENSKART and JSWINFRA.
Major Additions (Estimated Passive Flows)

CUPD IS – $55mn (0.5x ADV)
URBANCO IS – $40mn (12.5x ADV)
PINELABS IS – $36mn (1.3x ADV)
ANTHEM IS – $34mn (4.2x ADV)
ACMESOLA IS – $29mn (3.6x ADV)
AVALON IS – $24mn (3.6x ADV)
SKFINDUS IS – $24mn (15.0x ADV)
EMCURE IS – $24mn (7.8x ADV)
RUBICON IS – $23mn (5.3x ADV)
TJL IS – $23mn (1.0x ADV)
APOLLO IS – $23mn (0.4x ADV)
SIS IS – $22mn (9.6x ADV)

JSW INFRA:

CO EXECUTES SHARE PURCHASE AGREEMENT FOR DIRECT ACQUISITION OF JSW OVERSEAS FZE FROM JSW TERMINAL SUPPORTING SUBSIDIARY RESTRUCTURING AND OWNERSHIP CONSOLIDATION