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Before we begin, please keep in mind that the content in this letter reflects the already public data on the companies, and errors may happen because of human oversight.
It should be noted that I did not trade in any of the companies mentioned in the newsletter thirty days before the publication’s release. Neither do I intend to take any positions in the companies mentioned in the newsletter during the subsequent five trading days.
I am merely presenting a summary of key updates from the SME space in form of a newsletter.
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SME Updates from 19th August 2024 to 24th August 2024
1. Timescan Logistics (India) Limited has leased 15,000 sq. ft. of warehousing space in Bangalore from V-Xpress for food and confectionery storage, effective September 1, 2024, to September 31, 2025.
2. Times Green Energy (India) Limited’s Board approved acquiring a 53% stake in Rajjguru Institute of Medical Sciences Pvt Ltd for ₹3.71 lakhs, diversifying into healthcare.
3. Jeena Sikho Lifecare Limited has been empanelled under CGHS and CS(MA) rules for Ayurveda services at its centers in New Delhi, Sikar (Rajasthan), and Gurugram (Haryana).
4. Sealmatic India Limited renewed its R&D certification from the Ministry of Science and Technology, reflecting its advanced capabilities and compliance with global standards like API 682 and ISO 19443.
5. Digikore Studios Limited secured a $1.2 million contract to provide VFX and virtual production services for a U.S. OTT series, starting October 2024 and concluding in February 2025.
6. Ishan International Limited received a ₹60 crore order from Reliance Industries Limited for the supply of construction materials.
7. Knowledge Marine & Engineering Works Ltd. won a ₹9.69 crore contract from New Mangalore Port Authority for hiring an RSV Type IV Security Patrol Boat for five years.
8. Jeena Sikho Lifecare Limited was empanelled under the ECHS to offer AYUSH treatments at its hospitals in Jaipur and Kota.
9. Supreme Power Equipment Limited (SPEL) secured a ₹3.41 crore contract from Seshasayee Paper and Boards Ltd. to refurbish power and distribution transformers.
10. Veefin Group appointed Shantanu Bairagi as CEO of its subsidiary Veefin Capital Pvt Ltd to drive growth in supply chain finance for MSMEs.
11. Rulka Electricals Ltd. secured orders worth ₹49.77 lakhs for LV and fire-fighting work from Avenue Supermarts Ltd. (Dmart) in Goa and Runwal Construction Pvt. Ltd. in Mumbai.
12. Vinyas Innovative Technologies Ltd. received orders worth ₹49.22 crores from domestic and international customers.
13. DroneAcharya Aerial Innovations Limited partnered with SISIR Radar to be the exclusive reseller of SAR technology in Southeast Asia and Africa.
14. RMC Green Energy Pvt Ltd, a subsidiary of RMC Switchgears Ltd., received approval to establish a 50 MW Renewable Energy Park in Rajasthan.
15. Felix Industries Limited increased its stake in Felix Industries LLC to 76.5% by acquiring an additional 21.5% stake for OMR 1,61,250.
16. Techknowgreen Solutions Ltd. signed an MoU with ARK Sustainable Technologies Pvt Ltd (Singapore) for research, technology development, and cross-selling in environmental science and sustainability.
17. Vishnusurya Projects and Infra Ltd. was awarded a ₹1,233.4 crore EPC contract for the Palamu Pipeline Irrigation Scheme in Jharkhand.
18. Kaushalya Logistics Limited signed a freight forwarding agreement with HFCL Limited for GPS-enabled container logistics services.
19. Zenith Drugs Limited completed a new production plant in Muradpura, Indore, to start producing tablets and liquid oral formulations in September 2024.
20. Ahasolar Technologies Ltd. received a ₹31 lakh consultancy order from Goa Energy Development Agency for a 3MW Solar PV Project at Mormugao Port Authority.
21. Ganesh Green Bharat Limited received a ₹4.47 crore order from PHED Udaipur for solar bore well water pumping systems.
22. SA Tech Software India Ltd. inaugurated a Global Capability Centre for Tenable Ltd., valued at ₹7 crores annually.
23. Australian Premium Solar (India) Ltd. received a ₹10.69 crore order from JREDA for the supply and installation of Solar Water Pumping Systems in Jharkhand.
24. Drone Destination Limited secured a ₹2.55 crore contract from the Bangalore Development Authority for a drone survey and 3D model generation.
25. Sonalis Consumer Products Limited signed an MoU for acquiring land and a warehouse in Rajkot, Gujarat, valued at ₹14.52 crores.
26. Ahasolar Technologies Ltd. received a ₹56 lakh order from GIZ GmbH for project reports on lakes in Jammu and Kashmir.
27. Naman In-Store (India) Ltd. secured orders worth ₹6 crores each from two prominent brands, increasing their unexecuted order book to ₹25 crores.
28. Techknowgreen Solutions Ltd.’s Board approved the establishment of wholly-owned subsidiaries in the USA and Singapore, along with setting up a Climate Research Laboratory.
29. Dynamic Services & Security Ltd. received a ₹1.17 crore contract from Northern Indian Railway for providing services at Chandausi Moradabad running room in Uttar Pradesh.
30. Australian Premium Solar (India) Ltd. received a ₹14.54 crore order for supplying solar panels and inverters, to be executed within five days from August 23, 2024.
31. Abhishek Integrations Ltd. secured a ₹165.59 lakh contract for O&M of electrical installations at Visakhapatnam Airport.
32. Sunita Tools Ltd. received a ₹3.48 crore order for supplying steel mold products and clamping unit plates.
33. TAC InfoSec Ltd. acquired U.S.-based Cyber Sandia to expand its cybersecurity services nationwide.
34. Shigan Quantum Technologies Ltd. subscribed to the rights issue of its subsidiary Shigan Electronics Pvt Ltd by acquiring 10,00,000 equity shares for ₹1 crore.
35. DroneAcharya Aerial Innovations Ltd. received a ₹50.44 lakh order from IIT Ropar to train 150 individuals in drone technology under the Punjab Skill Development Mission.
36. Sathlokhar Synergys E&C Global Ltd. secured a ₹13.33 crore order to construct a factory building for GE Oil & Gas India Pvt Ltd in Coimbatore.
Rgds,
Ayush Agrawal
Research Analyst
SEBI Registration No. INH000013013
First Floor, B.P. Complex, Baldeobagh, Jabalpur, Madhya Pradesh, 482002
Email: themicrocapinvestor@gmail.com
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General Disclaimer
I, Ayush Agrawal, am registered with SEBI as an Individual Research Analyst under the registration number INH000013013, effective from September 14, 2023.
I offer paid research services to my clients based on this certification. Opinions expressed otherwise regarding specific securities are not investment advice and shall not be treated as recommendations. Neither I nor my associates/ employees shall not be liable for any losses incurred based on such opinions.
Any matter displayed in this content is purely for Illustrative, Knowledge and Informational purpose and shall not be treated as advice or opinion of any kind. The content presented should not be construed as investment advice unless explicitly stated in a client-specific research report. I or my employees/associates shall not be held liable/responsible in any manner whatsoever for any losses the readers may incur due to acting upon this content.
Among other things, the content includes case studies and summarised exchange filings, like result updates, order updates, fund raise updates, mergers, JVs and acquisitions, subsidiary incorporations, capex announcements, signing of MOUs, new product launches, bulk/ block deals, among other types of filings. The source of these filings is from publicly available data on NSE/ BSE exchanges.
The information is taken from publicly available sources and public data. I make no warranties or guarantees regarding the accuracy, completeness, or timeliness of the information provided, including data such as news, prices, and analysis. In no event shall I be liable to any person for any decision made or action taken in reliance upon the information provided by me.
I do not hold any positions in the securities mentioned, nor have I traded in these securities in the past 30 trading days. I also do not plan to trade in the next 5 trading days.
Paid clients receive detailed research reports and detailed analysis on all my research. For stock/ company specific investment recommendation, visit https://ayushagrawal.in/services to know about my paid research services. The updates do not constitute a recommendation to buy/ sell and are for illustrative and for general informational purposes.
Investment in the securities market is subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The securities quoted are for illustration only and are not recommendatory.
