Markets

Vedant Fashions Wins GST Appeal: Interest and Penalties Totaling ₹2,73,471 Are Set Aside Vedant Fashions Limited has achieved a favorable outcome in a Goods and Services Tax (GST) appeal, with the Appellate Authority setting aside the demand for interest and penalties amounting to ₹2,73,471.The appeal was disposed of by the Additional Commissioner, Office of the Commissioner of CGST and CEX (Appeals-III), Mumbai. The Company received the Order-in-Appeal, dated August 28, 2026, via email on September 08, 2026.The appeal relates to an Order-in-Original issued under the GST audit covering Financial Years (FY) 2017-18, FY 2018-19, and FY 2019-20. The GST orders pertain to the Central Goods and Services Tax Act, 2017 (CGST Act 2017), the...

ICICI Prudential Life Insurance Receives Tax Demand Order from Central Goods and Services Tax Authority ICICI Prudential Life Insurance Company Limited has received an order from the Additional Commissioner (Mumbai Central) concerning a tax demand related to certain outward supply.The order, received on September 9, 2026, at 12.08 pm IST, pertains to the non-payment of tax on certain outward supply. The matter covers the period from July 2017 to September 2019.The authority from which the communication was received is the Additional Commissioner (Mumbai Central).The financial implications resulting from the communication have been quantified as follows:Financial HeadAmountGST₹ 18,764,898Penalty₹ 18,764,898Total₹...

<h1>Jash Engineering Reports Consolidated Order Book Position at Rs 937 Cr; August Orders Intake Reaches Rs 66 Cr</h1>Jash Engineering Limited has reported its consolidated order book position and monthly order intake figures as of September 1, 2026. The company's total order book stands at Rs 937 Cr, comprising orders secured from both domestic and international markets.In August 2026, the company secured a total of Rs 66 Cr in orders. Of this figure, Rs 31 Cr were allocated to the Indian market, while Rs 35 Cr were designated for projects outside India. The significant contributors to the August monthly order booking included Enviro Infra Engineers from New Delhi and Vishwaraj Environment Ltd. from Nagpur in India...

Nandani Creation Announces 'Project 50': Jaipur Kurti Aims to Scale from 18 to 50 Retail Stores by March 2027 Nandani Creation Limited (NCL), a leading provider of women's Indian wear under the Jaipur Kurti brand, has announced "Project 50," a major strategic initiative aimed at significantly expanding the brand's retail network. The program intends to grow the store presence from 18 to 50 by March 31, 2027, as part of the company's broader strategy to strengthen its omnichannel footprint across retail, D2C, marketplaces, and social commerce channels.The initiative signifies more than just a physical expansion; it marks a commitment to integrating operational capabilities, technology, and business intelligence into the company's...

Sarthak Metals Limited Announces Demise of Chief Financial Officer, Narendra Dewangan Sarthak Metals Limited has announced the passing of Mr. Narendra Dewangan, the Chief Financial Officer (CFO) of the company. His demise marks a loss for the company and the Desraj Bansal Group, with whom he was associated for two decades.Mr. Dewangan, who recently assumed the role of CFO, had a long-standing association with Sarthak Metals Limited and the Desraj Bansal Group. Prior to this appointment, he served as the Head of Accounts. Throughout his tenure, he contributed significantly to the company's accounting and financial functions.The professional tenure details of Mr. Dewangan are summarized below:ParticularsDetailsName of...

<h1>Akme Fintrade Allots INR 50 Crores Worth of Secured Non-Convertible Debentures</h1>Akme Fintrade (India) Limited has completed the allotment of secured, listed, and transferable Non-Convertible Debentures (NCDs) in two tranches, Series A1 and Series A2, totaling INR 50 Crores through a private placement basis. The Board of Directors approved the issuance on September 10, 2026.The issuance across both series involves a total of 50,000 NCDs, each valued at INR 10,000. These debentures are proposed to be listed on the National Stock Exchange of India (NSE).The details of the two series are as follows:FeatureSeries A1Series A2Total Size of IssueINR 25,00,00,000 (Indian Rupees Twenty-Five Crores)INR 25,00,00,000 (Indian...

LEEL Electricals Board Seeks Extension for Annual General Meeting for FY 2025-26 The Board of Directors of LEEL Electricals Limited, which is formerly known as Lloyd Electric & Engineering Limited, passed a resolution seeking an extension of time to convene the Annual General Meeting (AGM).The decision was made during a Board meeting held on September 10, 2026. The company has resolved to apply to the Registrar of Companies (ROC), Uttar Pradesh II, to secure this extension.The extension relates to the Annual General Meeting for the financial year 2025-26.

UFBU Announces Strike Against UCO Bank, Affecting Operations in September and October The United Forum of Bank Unions (UFBU) has served notice regarding a planned series of strikes targeting UCO Bank, encompassing various issues and demands. The action is set to take place across multiple phases in September and October 2026.The UFBU, representing seven constituent unions, has announced the strike. The participating unions include AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC, and INBEF.The strike is scheduled to occur in phases. The first phase of the strike is scheduled for September 11, 2026. A second phase, lasting three days, is set for September 28, 2026, through September 30, 2026. Furthermore, a continuous strike is planned...

Ice Make Refrigeration Limited Completes Preferential Allotment and Subscribes Shares in JV Entity Preferential Allotment Details Ice Make Refrigeration Limited announced the successful allotment of equity shares through a preferential issue to non-promoter investors. The Board meeting approving the transaction was held on September 10, 2026.The company allotted a total of 23,67,573 Equity Shares. These shares were issued at an issue price of INR 802.51 per Equity Share, which includes a premium of INR 792.51 per Equity Share over the face value of INR 10/-. The allotment was executed on a preferential basis through private placement.The investors who received the allotment were categorized as non-promoters and included Galilei...

Tata Elxsi Invests in KAVIA AI to Accelerate AI-Driven Software Engineering for Enterprises Bengaluru, India, September 10, 2026 - Tata Elxsi, a global leader in design and technology services, announced a strategic investment in KAVIA AI, a Silicon Valley-based enterprise AI platform company. The investment is set to strengthen the collaboration between the two entities, aiding enterprises in the management, modernization, and transformation of complex software environments at scale.As a frontrunner in AI and GenAI-driven product and software engineering, Tata Elxsi helps enterprises implement the AI Development Lifecycle (AIDLC). This includes accelerating architecture design, brownfield refactoring, software development, quality...

Juniper Green Energy Adds 10 MW Wind Capacity to Hybrid Power Project Juniper Green Energy Limited has announced the commissioning of additional capacity at a wind solar hybrid power project managed by its wholly owned subsidiary, Juniper Green Spark Ten Private Limited. The addition specifically involves the final 10 MW wind capacity at the project site.The commissioning took place on September 09, 2026, pertaining to the 75 MW wind solar hybrid power project.The operational milestone was witnessed and confirmed by officials from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The formal certificate related to the commissioning is expected to be issued shortly.Following this capacity addition, the...

Gaja Alternative Asset Management Reports Q1 FY27 Results: Total Income Grows 26% YoY Gaja Alternative Asset Management Limited (GAAML), a listed pure-play alternatives asset manager, has announced its unaudited consolidated financial results for the quarter ended June 30, 2026. These results mark the company's first financial disclosure since listing on the NSE and BSE on August 26, 2026.The company reported robust performance in the first quarter of FY27. Total income stood at INR 51.8 Cr, marking a 26% increase year-over-year (YoY). Profit after tax (PAT) saw a substantial rise of 35% YoY, reaching INR 27.2 Cr.Managing Director and CEO, Mr Gopal Jain, noted that the quarter represented a significant milestone in the company's...

Kolte-Patil Developers Achieves Strongest-Ever Launch Performance with Pune Project Sales Exceeding Rs. 600 Crore Pune, September 10, 2026: Kolte-Patil Developers Limited (KPDL), a leading real estate developer with a strong presence in Mumbai, Pune, and Bengaluru, announced a record-setting launch for its residential project, 'Vyana at The Reserve,' in Vadgaon, Pune. The project achieved a remarkable sales milestone, securing over 600 apartments and generating sales exceeding Rs. 600 crore within a 60-hour period.This performance marks the strongest launch achieved in the Company's history, reflecting overwhelming customer confidence and reinforcing KPDL's standing in the Pune market.Project Scope and Market Potential 'The Reserve'...

Visdem Technosys Invited to Investor Meet to Discuss Business and Operations Visdem Technosys Limited, formerly known as Kundan Edifice Limited, has been invited to participate in an Investor Meet organized by Financial Mindss, a part of the JaiBharti Group. The meeting is intended to provide an opportunity for investors to discuss the company's current business progress and operational status.The Investor Meet is scheduled for Thursday, September 10, 2026. The event will be held virtually or via audio visual means, beginning at 05:00 p.m. (GMT+ 5:30 IST).The meeting details, including the access link, are available for participants.The company has noted that the meeting may be cancelled, rescheduled, or postponed depending on...

DEE Development Engineers Details Monthly Order Book and Updates on Power Division Tariff Disputes DEE Development Engineers Limited released comprehensive updates regarding its order book and provided detailed commentary on the ongoing tariff disputes related to its power division operations.The company's order book data for the period spanning August 1, 2026, to August 31, 2026, showed a total opening order amount of 2,428.20 INR in Crores. During August 2026, the company saw an order inflow of 94.18 INR in Crores, with 87.37 INR in Crores executed during the month. The closing order amount as of August 31, 2026, stood at 2,435.61 INR in Crores.The order book was segmented across various activities and customers, including DEE...

ESG Risk Assessments and Insights Assign ESG Score of 62 to Equitas Small Finance Bank Limited Equitas Small Finance Bank Limited has received an independent Environmental, Social and Governance (ESG) rating from ESG Risk Assessments and Insights Limited. The rating assigns a score of 62 to the bank.The ESG rating was independently assigned by ESG Risk Assessments and Insights Limited, a SEBI registered ESG Rating Provider (ERP) under Category I Subscriber-Pays. The bank noted that the rating was based on publicly available information and that Equitas Small Finance Bank Limited neither participated in nor provided specific data for the assessment.The information regarding the ESG rating was received by the bank on September 09...

Ramco Cements' Pandalgudi Mine Restoration Receives Advanced Biodiversity Certification The ecological restoration efforts at Ramco Cements' limestone mine in Pandalgudi, Virudhunagar District of Tamil Nadu, have garnered international acclaim, receiving Advanced Certification from The Global Biodiversity Standard (TGBS). The certified mine site is the first in Peninsular India to achieve this designation, placing it among globally recognized restoration projects such as those at the Jane Goodall Institute and Ecosia's work in Uganda.The TGBS, supported by over 250 scientists and academics, is recognized by the International Union for Conservation of Nature (IUCN) and the Convention on Biological Diversity (CBD). This certification...

Bank Employees Issue Strike Notice Demanding 5-Day Banking Week The Karnataka Bank Limited has been notified of a strike announced by various banking employee associations. The strike, which is scheduled for 11.09.2026, was issued by the All India Karnataka Bank Employees Association (AIKBEA) and the Karnataka Bank Officers Organisation (KBOO).These associations, affiliated with the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) respectively, are operating under the umbrella of the United Forum of Bank Unions (UFBU).The employees have put forth specific demands as part of the strike notice. Their key demands include the implementation of a 5-day Banking Week and the resolution of...

Sigma Advanced Systems Commences Production in India, Replicating UK Aerospace Capabilities Sigma Advanced Systems Limited has begun production at its dedicated aerospace manufacturing facility in Sri City, marking a key milestone in its global manufacturing expansion. The facility, located in Sri City, Andhra Pradesh, transitioned from groundbreaking to active production in a record eight months.The company's first batch of precision-machined aerospace components has been manufactured and shipped to Sigma UK, where they are currently undergoing final verification prior to customer delivery. This Sri City operation has completed the initial stages of the source-change approval process with Rolls-Royce Aerospace.Current Operational...

LEEL Electricals Board Approves Extension for Annual General Meeting for FY2025-26 LEEL Electricals Limited, formerly known as Lloyd Electric & Engineering Limited, announced that its Board of Directors had approved a proposal seeking an extension of time for convening the Annual General Meeting (AGM) for the Financial Year 2025-26.The decision was made during a Board meeting held on September 10, 2026. The Board discussed and approved the proposal to submit an application to the Registrar of Companies, Uttar Pradesh II, to secure the extension.The company confirmed that the Board meeting commenced at 11:00 AM and concluded at 11:18 AM. This action addresses the requirement for the Annual General Meeting pertaining to the Financial...