Dharani Finance Ltd — Important, 22-05-2026: Company Update

Dharani Finance Limited announced a special one-year window for shareholders to re-lodge transfer requests for physical shares sold or purchased before April 1, 2019, that were previously rejected or unprocessed. This initiative facilitates the transfer and dematerialisation of these securities, addressing past deficiencies. Shareholders are urged to utilize this window to ensure their physical shares are processed for demat. This is important for investors holding such legacy physical shares.

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Jain Resource Recycling Limited announced a special resolution approving a change in its IPO prospectus. Originally, ₹98.64 Crore of IPO net proceeds were for general corporate purposes. However, ₹54 Crore was inadvertently used to repay an unsecured loan from a promoter-director, contradicting the prospectus. The company has since corrected this error; the promoter returned the funds, which are now reinstated for business use. The board clarified this was a temporary oversight with no significant financial impact or harm to shareholders.

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Jain Resource Recycling Limited announced its audited financial results for the quarter and year ended March 31. For the quarter, standalone revenue was ₹3,030.30 Cr with a net profit of ₹61.99 Cr; consolidated revenue reached ₹3,104.98 Cr with a net profit of ₹66.04 Cr. The company provided details on IPO net proceeds utilization, including a corrected use of ₹54 Cr for promoter loan repayment. Key operational updates include recovering a loan from Sun Minerals and forming a joint venture, Jain CY Circular Solutions, with an investment of ₹2.60 Cr.

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GEM Spinners India Limited has announced a board meeting to be held on Wednesday to consider and approve the audited financial results for the fourth quarter and the full year ended March 31. This meeting is a key event for shareholders, as it will reveal the company's financial performance and operational health over the past year. The board will review these results before their public disclosure, providing vital insights into profitability, revenue growth, and overall financial stability for investors.

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Nova Life Space Private Limited has issued a public notice regarding the loss of original property documents, including a sale deed and General Power of Attorney. These critical documents pertain to several parcels of vacant land in Siruvanur Village, Tiruvallur District, totaling approximately 7.02 acres. The loss occurred while in the possession of an authorized signatory. The company has requested anyone with claims or rights over these properties to come forward with supporting documents within ten days, otherwise their claims will be considered relinquished. This is important to secure the company's land titles.

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Bajaj Auto Foundation is partnering with VIT to establish a 'BEST' (Bajaj Engineering Skill Training) center, investing ₹15 Crore. This initiative aims to provide advanced training in e-mobility and electronics manufacturing to engineering and diploma students, enhancing their skills for the rapidly evolving automotive and manufacturing sectors. The collaboration underscores Bajaj's commitment to skill development and corporate social responsibility, addressing the industry's demand for a highly competent workforce while supporting broader talent growth.