Ramco Systems to Host 29th AGM Via VC; Ardee Industries Reports Share Transfer; High Energy Batteries Releases Quarterly Results
Corporate and Financial Updates
Ramco Systems Limited (RAMCOSYS) is preparing to hold its 29th Annual General Meeting (AGM) on August 20, 2026. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Shareholders whose email addresses were not registered as of July 17, 2026, are being provided with a web link and QR Code to access the Annual Report for FY 2025-26.Ardee Industries Limited announced a series of secondary share transfers on July 24, 2026, involving promoter selling shareholders Sandeep Aggarwal and Nikunj Aggarwal. A total of 10,849,350 Equity Shares were transferred at a price of ` 53 per Equity Share.
The transfer details are as follows:
| Date of transfer | Name of the transferee | Name of the transferor | Nature of transfer | Number of Equity Shares transferred | Total consideration (` in million) | Percentage of pre-Offer Equity Share capital (%) |
|---|---|---|---|---|---|---|
| July 24, 2026 | Ashish Kacholia | Sandeep Aggarwal | Secondary transfer | 1,886,800 | 100.00 | 0.74 |
| July 24, 2026 | Ashish Kacholia | Nikunj Aggarwal | Secondary transfer | 1,886,800 | - | 0.74 |
| July 24, 2026 | Winro Commercial (India) Limited | Sandeep Aggarwal | Secondary transfer | 1,415,000 | 75.00 | 0.56 |
| July 24, 2026 | Winro Commercial (India) Limited | Nikunj Aggarwal | Secondary transfer | 1,415,000 | 75.00 | 0.56 |
| July 24, 2026 | Gagandeep Consultancy Private Limited | Sandeep Aggarwal | Secondary transfer | 943,500 | 50.01 | 0.37 |
| July 24, 2026 | Gagandeep Consultancy Private Limited | Nikunj Aggarwal | Secondary transfer | 943,500 | 50.01 | 0.37 |
| July 24, 2026 | Urjita Jagdish Master | Sandeep Aggarwal | Secondary transfer | 943,500 | 50.01 | 0.37 |
| July 24, 2026 | Urjita Jagdish Master | Nikunj Aggarwal | Secondary transfer | 943,500 | 50.01 | 0.37 |
| July 24, 2026 | Meru Investment Fund PCC - Cell 1 | Nikunj Aggarwal | Secondary transfer | 471,750 | 25.00 | 0.19 |
Pre-transfer, Sandeep Aggarwal held 127,380,000 Equity Shares (representing 49.99%), and Nikunj Aggarwal held 126,612,000 Equity Shares (representing 49.69%) of the issued, subscribed and paid-up Equity Share capital. Following the transfers, their respective holdings stand at 122,191,200 Equity Shares (47.95%) for Sandeep Aggarwal and 120,951,450 Equity Shares (47.46%) for Nikunj Aggarwal.
Credit and Enforcement Actions
Tata Capital Housing Finance Limited (TCHFL) issued a fresh Demand Notice concerning a loan agreement. The notice calls upon the legal heirs of Late Mr. Kathiresan N — Mrs. Amutham, Mr. K.A. Sethupathy, and Ms. K.A. Soundarya — to repay outstanding dues within 60 days. The loan was declared NPA on September 3, 2021, and the notice is issued after a previous Section 13(2) notice and a corresponding Section 14 Petition were filed. The total outstanding dues as of July 18, 2026, amount to Rs. 70,64,738/-.The secured assets referenced in the notice include two parcels of land in Salem District:
| Item No. | Description of Secured Asset | Extent (Sq.Ft.) |
|---|---|---|
| 1 | Land near Bodinaickenpatty Village, S.No. 44/3, including surrounding areas. | 814 ¼ Sq.Ft. |
| 2 | Land in the same village, S. No. 44/3, along with land and building within its boundaries. | 968 Sq.Ft. |
UGRO Capital Limited also issued a Demand Notice to three borrowers: Lakshmi Traders, Mohanaumapathi, and Umapathi R Lan. The notice, dated July 14, 2026, demands payment of Rs. 46,56,45/- as of July 13, 2026. The loan is secured by immovable property in Tirupattur District.
High Energy Batteries Posts Quarterly Results
High Energy Batteries (India) Limited released its unaudited financial results for the quarter ended June 30, 2026. Key financial metrics are detailed below:| Particulars | Quarter Ended 30 th June, 2026 (Unaudited) | Quarter Ended 31 st March, 2026 (Audited) | Quarter Ended 30 th June, 2025 (Unaudited) | Year Ended 31 st March, 2026 (Audited) |
|---|---|---|---|---|
| Total Income from Operations | 808.87 | 3008.59 | 1418.21 | 8940.82 |
| Net Profit / (Loss) for the period after tax [after Exceptional items] | (181.50) | 759.11 | 78.36 | 1539.18 |
| Total Comprehensive Income for the period | (196.01) | 738.77 | 112.54 | 1459.16 |
Note: All financial figures are in Lakhs.
RAMCOSYS Stock Price Movement
Ramco Systems Limited shares today slipped by 4.99%, settling at ₹607.95 after the equity shed ₹31.95 from its previous close. The stock saw a trading volume of 39,702 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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