Buzzing stocks: Cochin Shipyard, Tanfac, Central Mine, Mamata Machinery

Mamata Machinery announced a planned CEO transition. Apurva Kane will retire on October 1 and remain in a mentorship role. President Rajashekar Venkat will become CEO. The company described the handover as smooth.

Other corporate actions: Vector Technics, a Zen Technologies subsidiary, said its Shamshabad facility can now manufacture 300,000 propulsion units a year. It claims to be the only Indian company designing every component of the propulsion stack in-house for both electric and internal-combustion systems. One MobiKwik received shareholder approval to transfer its lending business to a wholly owned subsidiary on a slump sale basis and to extend the timeline for using IPO proceeds. Power Grid Corporation secured an 80 billion yen green loan from JBIC. JSW MG Motor India partnered with Spinny to strengthen the pre-owned EV ecosystem. Varun Beverages' Kenya subsidiary agreed to buy Devyani Food Industries' dairy, juice, and water business for $32 million. Blue Jet Healthcare launched a QIP at a floor price of ₹531.70 per share, with a possible 5% discount.

The Cochin Shipyard OFS will test retail appetite for a government stake sale at a moderate discount. Tanfac's preferential subscription by the promoter gives a reference price for the stock. The CMPDI contract and the CEO change at Mamata Machinery are incremental developments for each firm.