Corporate Actions

Stock Alert: STL Networks, Saraswati Saree, Vascon Engineers, Gravita India, Senco Gold

28-Sep-26   08:30 Hrs IST

STL Networks Ltd. received a long-term rating of IVR A-/Stable from Infomerics Valuation and Rating Limited for Bank Loan Facilities of INR 250 crore. As of June 30, 2026, the company held an order book of approximately Rs. 5,000 crore, with total debt at Rs. 934.46 crore as of March 31, 2026, and an interest coverage of 0.46x in FY26.


Saraswati Saree Depot Ltd. declared a record date of September 30, 2026, for a final dividend of Rs. 3 per Rs. 10 share for FY 2025-26. The stock has risen 9.92% in the week and 14.20% in the month, but dropped 26.50% over the past year, with average weekly volume of 61.55%.


Vascon Engineers Ltd. shares rose 3.84% to Rs 34.6, up 14.38% in a week. The company received a Letter of Intent from Qualcomm India Private Limited for a Rs 660.79 Cr design and build project in Bengaluru, to be completed within 30 months. Trading volume was 0 shares, down 100.0%, with a 43.45% year-over-year decline.


Gravita India Ltd received ICRA Limited ratings of [ICRA]AA(Stable) for bank loan facilities totaling Rs 600.00, including Rs 352.00 in working capital limits and Rs 98.00 in unallocated limits. ICRA also assigned ratings to facilities of Axis Bank, HDFC Bank, Kotak Mahindra Bank, RBL Bank, Federal Bank, and a BBB+ rating to a Rs 100.00 facility, all dated September 21, 2026.


Senco Gold Ltd’s Long-Term – Fixed Deposit Programme of Rs 880.00 crore received an enhanced rating of [ICRA]A+ (Stable) from ICRA Limited. ICRA reaffirmed Short-Term – Commercial Paper at [ICRA]A1 and ratings totaling Rs 2400.00 and Rs 600.00. The agency noted a Q1 FY2027 operating profit margin of 7.0%, expecting stabilization between 7.5% and 8.0% for FY2027.


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