Markets

SKF India Reports Q1 FY2026-27 Results; Revenue Rises 18.3% on Strong Sector Demand Pune: SKF India (Industrial) Limited, a leading provider of bearings and solutions in technology and condition monitoring, announced its financial results for the quarter ended June 30, 2026. The company reported revenue from operations of Rs. 9,707.7 million, while profit before tax stood at Rs. 869.2 million.The results showcased steady execution during a dynamic business period, supported by continued demand traction across Wind energy, General machinery, and Agriculture sectors.Financial Highlights for Q1 FY2026-27 SKF India reported varied performance across key metrics when compared to the previous year and preceding quarters.Particulars...

Touchwood Entertainment Reports Q1 2026 Results; Announce Partnership for Metro Project Development Touchwood Entertainment Limited has released its Unaudited Consolidated Financial Results for the first quarter ended June 30, 2026. The company's performance in the segment is detailed alongside strategic business updates, including receiving a Letter of Acceptance (LOA) for a major property development project.The consolidated results reflect strong revenue growth when compared to the third quarter of the previous year, though the management noted that the turnover remains lower than corresponding quarters of prior years due to the seasonal nature of the event and wedding management business.Financial Performance Summary For the...

Food Safety Shock: FSSAI Suspends Three Brands Over Algae Hazards, Rusting Equipment, and Unchecked Hygiene Failures The Food Safety and Standards Authority of India (FSSAI) has launched a major regulatory crackdown, immediately suspending the licenses of three food businesses due to severe hygiene and compliance failures. Narayani Foods, Zaiqaa Organixs, and A B Enterprise have all faced action following inspections that revealed significant lapses in sanitation and production standards.The suspensions were implemented under the Food Safety and Standards Act, 2006. FSSAI highlighted that the violations ranged from finding algae near water sources to storing finished products on the floor, posing serious public health risks across the...

PBM Polytex Approves Management Changes and Key Proposals After Q1 Financial Review PBM Polytex Ltd.'s Board of Directors held a meeting on August 13, 2026, during which it approved the financial results for the quarter ended June 30, 2026, ratified the re-appointment of several key personnel, and greenlit proposals concerning corporate restructuring and asset disposal.The board decisions focused heavily on governance continuity and strategic long-term planning. Key approvals included the reappointment of Managing Directors Mr. Gopal Patodia and Mr. Mohan Kumar Patodia for a three-year term each, commencing from April 1, 2027, subject to shareholder ratification at the ensuing Annual General Meeting (AGM). Additionally, Ms. Amishal...

Shree Rama Multi-Tech Ltd Extends Preference Share Redemption Tenure; Announces Q1 Results and Director ReappointmentShree Rama Multi-Tech Limited has approved a variation in the terms of redemption for its preference shareholders, alongside announcing its unaudited financial results for the quarter ended June 30, 2026. The company also confirmed the re-appointment of Shri Hemal R. Shah as a Whole-Time Director and finalized key details surrounding its upcoming Annual General Meeting (AGM).The Board of Directors, during its meeting held on August 13, 2026, approved several material decisions regarding the company’s structure and governance. Specifically, the company decided to extend the tenure for the redemption of 7,66,666 units...

NBCC Wins Rs 234.78 Cr Project for ITBP in Ladakh Infrastructure Development NBCC (India) Limited has secured a substantial project worth approximately Rs 234.78 Crore from the Indo-Tibetan Border Police (ITBP). The work involves providing Comprehensive Project Management Consultancy (PMC) services for the construction and redevelopment of various infrastructures at 28 BOPs of ITBP in the Union Territory of Ladakh along the Northern Border.The contract, which falls under the normal course of business for NBCC, details a major consultancy role concerning critical infrastructure projects run by the ITBP.A summary of the awarded work is presented below:Work NameClientApproximate Value (Excl GST)Comprehensive Project Management...

Rane Holdings Approves Quarterly Results: Q2026 Standalone and Consolidated Financial HighlightsRane Holdings Limited announced the approval of its unaudited financial results for the quarter ending June 30, 2026. The Board of Directors reviewed and approved these results, which were prepared based on the recommendations of the Audit Committee.The company’s operations span a single segment: manufacturing and supplying components primarily for the transportation industry.Financial Performance Review (June 30, 2026) The unaudited standalone financial results show key figures for the quarter ended June 30, 2026.ParticularsValue (Rs.)Total Income2,902Total Expenses1,814Profit before Tax1,088Total Tax Expense135...

Accent Microcell Places Order for 4.45 MW Wind Turbine Installation on Turnkey Basis Accent Microcell Limited has approved a capital expenditure project involving the installation of a wind turbine generator (WTG) to ensure captive consumption and offset electricity costs across its manufacturing plants. The company placed a Purchase Order for the turnkey installation with Inox Wind Limited, scheduled for August 12, 2026.The investment is aimed at leveraging renewable energy generation to mitigate operational expenses at Plant-I and Plant-II. Furthermore, the project is designed to address the anticipated energy requirements of Phase-I of Plant-III upon its commercialization.Accent Microcell noted that this proposed capital...

Juniper Hospitality Assets Secures License Deed for 5-Star Luxury Hotel Development in New Delhi Juniper Hospitality Assets Private Limited (JHAPL), a wholly owned subsidiary of Juniper Hotels Limited, has executed a License Deed with the Delhi Development Authority (DDA). The agreement, signed on August 12, 2026, paves the way for the development of a 5-Star Luxury Hotel property in Sector 23, Dwarka, New Delhi.JHAPL became the successful bidder for the license rights to develop the hotel on the land parcel, which spans approximately 2.524 acres. The prime location places the future luxury property in close proximity to Yashobhoomi, the International Convention and Expo Centre, and Delhi International Airport.The agreement outlines...

ATLANTAA LIMITED Announces Q1 Financial Results and Appoints New Director Atlantaa Limited, formerly known as Altanta Limited, has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors following a meeting held on August 12, 2026.The company also announced key corporate governance decisions, including setting the timeline for its 43rd Annual General Meeting (AGM) and appointing a new director to the board.Corporate Governance Updates At the Board meeting, the Directors considered and approved several critical matters concerning shareholder affairs and corporate appointments.Key AGM details include:Date of AGM: September 29...

Cinevista Limited posts consolidated results for Q1 FY27; Net Profit reaches 100.11 Lakhs Cinevista Limited announced its Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The Board of Directors considered and approved these results following a meeting held on August 1, 2026.The company reported Total Income of 750.44 Lakhs, with Revenue from operations standing at 748.96 Lakhs for the quarter ending June 30, 2026. The consolidated net profit for the period was recorded at 100.11 Lakhs.The financial performance reflects a revenue base driven by both the Media and Real Estate businesses within the company structure. Cinevista Limited has diversified into the Real Estate Business and is...

Indo Count Industries Reports Strong Q1 FY27 Results; Total Income Reaches Rs 1,224 Crores Indo Count Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant rise in consolidated quarterly revenue, achieving an EBITDA margin of 13.1%.The textile company's Q1 FY27 saw Total Income stand at Rs. 1,224 Crores, demonstrating steady growth momentum. Sales volume for the quarter was recorded at 23 million meters. The New Business segment contributed one-third of the total revenue, indicating a strong scaling trajectory for newly introduced business lines.Mr. Anil Kumar Jain, Executive Chairman, commented on the results, noting that the global textile industry is...

Sunshine Pictures’ Rs 282 Crore IPO Fuels Next-Gen IP Strategy as Shah Aims to Scale Music Business Sunshine Pictures is strategically utilizing its upcoming Rs 282 crore Initial Public Offering (IPO) to aggressively transition into a multi-faceted intellectual property creator. The move signals a deliberate effort by the company to double down on the music business, viewing it as a crucial future growth engine alongside its core film production activities.The firm has seen significant shifts in focus, using fresh capital injection to elevate the typically minor segment of music rights and content creation. While the company initially aimed for 100 songs since last August but managed around 50 projects due to earlier capital...

RBI Set to Overhaul Lending Norms: Draft Interest Rate Directions Mandate Harmonization Across All Financial Entities The Reserve Bank of India (RBI) has initiated a major regulatory review aimed at standardizing lending practices across all regulated entities (REs). The central bank has issued the Draft 'Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026,' inviting extensive feedback from financial institutions and the public.This move follows a previous statement by RBI regarding developmental and regulatory policies made on August 5, 2026. By issuing this draft, the RBI seeks to establish a unified, principles-based framework for interest rates across the entire lending ecosystem.Regulatory Overhaul of...

RMC Switchgears Secures ₹1.88 Crore Order for Transformer Distribution Box Supply RMC Switchgears Limited has received a Letter of Award (LOA) from Anand Transformers Private Limited, significantly strengthening the company's order book. The contract involves supplying a Transformer Distribution Box under a turnkey agreement.The total value of the awarded contract stands at ₹1,88,52,000. This deal is categorized as a domestic transaction and relates to providing new service connections with the extension of infrastructure, specifically designated as Phase III.The terms specified for the order include a guarantee period of 18 months commencing from the date of delivery. Furthermore, the aggregate defect liability period must not...

Subsidiary of Saatvik Green Energy Secures INR 476 Crore Order for Solar PV Modules Saatvik Green Energy Limited, through its subsidiary Saatvik Solar Industries Private Limited, has secured a significant commercial order aggregating to INR 476 Crores. The contract involves supplying Solar PV Modules to Vikran Engineering Limited.The contract award highlights the growth in orders received by the company's subsidiary. The order is domestic and pertains to the supply of solar photovoltaic modules.Key details regarding the transaction are as follows:AspectDetailOrder ValueINR 476 CroresClient EntityVikran Engineering LimitedProduct SuppliedSolar PV ModulesContract TypeDomestic Commercial OrderExecution TimelineMarch...

Gufic Biosciences Announces 42nd Annual General Meeting, Declares Dividend, and Re-appoints Directors Gufic Biosciences Limited has scheduled its 42nd Annual General Meeting (AGM) for Friday, September 04, 2026. The meeting will be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM).The AGM is slated to transact ordinary and special business, including the adoption of financial statements, declaration of a final dividend, and key director appointments, according to the company notice dated July 31, 2026.Key Business ResolutionsAmong the main agenda items for the meeting are:Financial Matters: To consider and adopt the Audited Standalone Financial Statements and the Audited Consolidated Financial Statements of the...

Delisting Offer Fails for Nitin Castings Limited; Shares Remain Listed on BSE The voluntary delisting offer for Nitin Castings Limited (NCL) has failed, following the conclusion of the Reverse Book Building Process conducted through the Stock Exchange Mechanism by BSE Limited. The Acquirers—comprising Mr. Nirmal B. Kedia (Acquirer-1), Mr. Nitin S. Kedia (Acquirer-2), and M/s. Citrus Castings Private Limited (Acquirer-3)—announced that they do not accept the Discovered Price, leading to the failure of the Delisting Offer.The offer was launched by the Acquirers seeking to acquire up to 14,70,894 issued and paid-up equity shares of face value Rs. 5/- each, representing 28.61% of the Company's issued capital. The public shareholders were...

Lenskart Posts Strong Q1 FY27 Results: Revenue Jumps 33.6% as EBITDA Reaches 13.3% Lenskart Solutions Limited reported robust first-quarter results for the fiscal year 2027, driven by significant growth across its domestic and international segments. The company recorded a consolidated revenue increase of 33.6% year-on-year (YoY), while operating efficiency improved, reflected in an EBITDA margin expansion to 13.3%.The company reported total consolidated revenue of ₹ 2,714 Cr for Q1 FY27. Profitability metrics saw substantial gains: Earnings Before Interest and Taxes (EBIT) grew by 95.0% YoY, reaching ₹ 361 Cr. Profit After Tax (PAT) stood at ₹ 228 Cr, marking a nearly doubling of earnings compared to the same quarter in FY26...

Apollo Micro Systems Releases Investor Presentation for Quarter Ended June 30, 2026 Apollo Micro Systems Ltd has made its investor presentation available in advance of the scheduled Analyst/Institutional Investor Meet. The presentation provides insights into the company's performance for the quarter ending June 30, 2026.The specified investor presentation is intended for use during the upcoming Analyst/Institutional Investor Meet, which was previously intimated for August 13, 2026.Stakeholders interested in reviewing the material can find the investor presentation on the Company's official website.APOLLO Stock Price Movement Shares of Apollo Micro Systems Limited slipped by 2.50% on Wednesday to close at ₹379.85, shedding ₹9.70 in...