Gulshan Polyols Secures Major Ethanol Supply Order

• Gulshan Polyols has received a significant order worth ₹1,185 crore to supply ethanol to various Oil Marketing Companies (OMCs).
• This development is part of the government's Ethanol Blended Petrol Programme and strengthens the company's position in the green fuels sector.

Lloyds Metals & Energy Raises Capital for Expansion

• The company has approved the allotment of 19.6 lakh shares at ₹1,460.5 per share, raising ₹286 crore from Adler Industrial Services.
• These funds are intended to support the company's ongoing expansion initiatives.

Filatex India Enters Strategic Partnership for Textile Recycling

• Filatex India has signed a Memorandum of Understanding (MoU) with Revti Business and Wastewear.
• The collaboration will focus on textile recycling, innovation, and promoting sustainable manufacturing practices.

Rubicon Research Expands US Biotech Investments

• Through its wholly-owned subsidiary Advagen Holdings, Rubicon Research has entered into an agreement to acquire Series Prime Preferred Stock in GEn1E Lifesciences Inc. for up to $3 million.
• This move expands the company's investment footprint in the U.S. biotechnology sector.

Manali Petrochemicals Divests UK Subsidiary

• Manali Petrochemicals' subsidiary, AMCHEM, has signed a share purchase agreement to sell its entire stake in Notedome Ltd, a UK-based company, to Coim S.p.A.
• This divestment is part of a broader strategy to rebalance its global portfolio.

Dr. Reddy's Laboratories Receives Favorable US FDA Report

• Dr. Reddy's has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration for its facility in Andhra Pradesh.
• The "Voluntary Action Indicated" (VAI) classification signifies a satisfactory resolution to the inspection.

Ola Electric Mobility Issues Clarification on Investigation

• The company has stated that no chargesheet has been filed in the ongoing investigation.
• Ola Electric Mobility reiterated its full cooperation with the authorities.

Federal Bank Denies Reports of Preferential Issue

• Federal Bank has refuted media reports suggesting a board decision on a preferential issue for a 9.99% stake.
• The bank clarified that no such proposal has been finalized.

Expleo Solutions to Close Coimbatore Competence Centre

• To optimize operational efficiency, Expleo Solutions has approved the closure of its Competence Centre in Coimbatore.
• The exact date of the closure will be announced at a later time.