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Varmora Granito Limited has paid Rs 25 crore toward a proposed 51% Assam tile stake, but promoters gain an acquisition right if its call option lapses.
Sonaselection reported Rs 283.616 crore of financial indebtedness on July 31, 2026, of which Rs 263.843 crore, or 93.03%, was secured.
SonaSelection gives the Nuwal family three of six board seats, including chairman, managing director and whole-time director roles, ahead of listing.
Sonaselection operates in Bhilwara, where the prospectus says about 50% of India’s polyester fabrics and suiting materials are produced by the district.
Harshil Nuwal holds 99.98% of Sona Polyspin, a corporate promoter within a group that owned 86.21% of the company’s fully diluted equity capital.
Sonaselection plans to use Rs 80 crore of IPO net proceeds to repay or prepay three working-capital cash-credit facilities totaling Rs 103.196 crore.
Sonaselection will allocate ₹50.611 crore to machinery intended to lower per-unit operating costs without increasing production capacity or adding product lines.
The Company seeks RoC adjudication after a PAS-3 error misstated a 374,145-share placement, while its CCD correction application remained pending before the RoC.
Sonaselection India Limited reported FY26 profit after tax of Rs 34.023 crore, yet operating activities used Rs 1.0989 crore as inventory expanded.
Sonaselection sourced 96.01% of Fiscal 2026 purchases from Rajasthan and operated its sole Bhilwara plant there, concentrating procurement and production in one state.
Sona Selection’s revenue mix flipped to products, which reached Rs 427.508 crore and accounted for 82.7% of FY26 revenue from operations.
SEBI rejected an issuer’s exemption request and required disclosure of three estranged relatives of Deepank Bhandari and their related entities in the promoter group.
Sonaselection derived 81.5% of Fiscal 2026 revenue from manufacturing, up from 11.28% in Fiscal 2024, shifting exposure to inventory, procurement and customer acquisition.
Om Galaxy’s WONDRA cleaning-products business generated Rs 4.79 crore in FY26, contributing 3.86% of revenue from operations after entering the segment in FY25.
India Household Cleaning Consumables Market faces a 13-percentage-point GST gap: vegetable-material brooms remain at 5%, while the main branded cleaning-tool entry is 18%.
The Company disclosed missing transfer forms for 2,000 shares and RoC allotment filing discrepancies, while promoters held 2,22,10,800 of 2,22,10,824 pre-issue shares.