Stocks to Watch Today: Biocon, Fermenta Biotech, Shadowfax, Innovision, Enviro Infra Engineers, Moschip Technologies, Raymond in focus on 09 September
Biocon
Indian private equity firm True North-owned Active Pine is likely to sell up to 1.66 crore shares, representing around 1 percent of Biocon's paid-up equity, through a block deal, with the offer size pegged at Rs 638.4 crore and the floor price fixed at Rs 385 per share, CNBC-TV18 reported, citing sources.
Laxmi Organic Industries
Rajan Venkatesh has resigned as Managing Director and Chief Executive Officer (MD & CEO) of Laxmi Organic Industries, effective November 13, 2026, to pursue opportunities outside the company.
The Board has appointed Harshvardhan Goenka, currently the Executive Director of the company, as MD & CEO for a period of five years, effective November 14, 2026.
Innovision
The company has received a Letter of Award (LoA) worth Rs 243.6 crore for the engagement of a user fee collection agency for IDTL A and IDTL B fee plazas for the six-laning of the Indore-Dewas section of NH-3 and Pachwara fee plaza of NH-39 for the four-laning of the Jhansi-Khajuraho section in Madhya Pradesh.
The order also includes the upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumable items.
Enviro Infra Engineers
The company's subsidiary, Suyog Urja, has received a contract worth Rs 189.99 crore from Tata Power Renewable Energy for the execution of EPC turnkey works for the development of the 180 MW NTPC Wind Power Project at Parli, Maharashtra.
Moschip Technologies
As per the Supreme Court's judgment, the company has been directed to furnish additional security of Rs 200 crore before September 15 in relation to a dispute linked to its proposed acquisition of 73 percent of the equity share capital of Vayavya Labs.
Accordingly, the said direction does not have any financial, operational or other impact on the company.
Raymond
The Board has approved the raising of funds through the issuance of 33.29 lakh convertible warrants for cash at an issue price of Rs 645 per warrant, amounting to Rs 214.71 crore, by way of a preferential allotment on a private placement basis to Minerva Ventures Fund.
Fermenta Biotech
The company has announced the signing of an exclusive licence agreement with Vellore Institute of Technology (VIT), Vellore, for the commercialisation of a technology for natural in-situ vitamin B12 fortification in fermented foods.
Great Eastern Shipping Company
Great Eastern Shipping Company has contracted to purchase a second-hand Kamsarmax dry bulk carrier of approximately 81,609 dwt. The 2019-built vessel is expected to join the company's fleet in Q3 FY27.
The proposed vessel will be financed entirely through internal accruals.
Sanofi India
The Supreme Court of India has dismissed the company's petition seeking quashing of the criminal proceedings. The Supreme Court ruling concerns the maintainability of criminal prosecution against the company even where no individual employee is arraigned.
The complaint relates to pharmaceutical supplies made to Bhabha Atomic Research Centre (BARC), Mysore, between 2012 and 2015, and allegations of an alleged conspiracy with a BARC personnel to wrongfully influence procurement deci...
