Markets

UltraTech Cement Acquires 26% Stake in Renewable Energy Provider Solaris Horizon for Green Energy Needs UltraTech Cement Limited has entered into an agreement to acquire a significant stake in Solaris Horizon Energy Private Limited, with the move designed to meet the company's growing green energy requirements and optimize power costs. The acquisition involves securing 26% of the equity shares in the renewable energy firm through an Energy Supply Agreement, Share Subscription, and Shareholders Agreement.Solaris Horizon Energy Private Limited specializes in the generation and transmission of renewable energy, primarily solar power. The targeted company is a subsidiary of Waaree Forever Energies Private Limited. UltraTech Cement's...

Mukka Proteins Makes Strategic Investment in Swachha Eco Solutions for Waste Management Expansion Mukka Proteins Limited has announced a strategic investment into Swachha Eco Solutions Private Limited (SESPL) as part of its plan to expand within the waste management segment. The investment involves acquiring equity shares in SESPL, bringing Mukka Proteins closer to the collection and treatment of all types of waste.The Board of Directors approved the transaction, which entails a purchase of shares in Sespl for a total consideration of Rs. 64,92,500/-. This acquisition is intended to secure a position equivalent to 25.98% of the issued and paid-up equity share capital of SESPL across one or more tranches. The transaction involves cash...

SBC Exports Limited Cancels Proposed Preferential Issue of Equity Shares SBC Exports Limited has announced the cancellation of its proposed preferential issue of equity shares, following a Board meeting held on August 12, 2026. The proposal involved converting an unsecured loan into equity for the company’s promoters and promoter Group.The preponed issuance plan, which had been approved by the Board of Directors previously on May 29, 2026, related to the allotment of 27,516,513 Equity Shares. The proposed shares were valued at a face value of INR 1 each and were priced at INR 36.00 per share.The preferential issue was designed around the conversion of an unsecured loan amounting to INR 99,05,94,474/-.The Board of Directors...

GMR Airports Reports Strong Growth in Q1FY27, Total Income Rises 23% YoY GMR Airports Limited (GAL) reported a performance surge in the first quarter of fiscal year 2027 (Q1FY27), with its total income increasing by 23% year-on-year to INR 4,085 Crs. The company recorded an EBITDA increase of 22% YoY to INR 1,568 Crs and reported a profit after tax (PAT) of INR 148 Crs, marking the fourth consecutive quarter of positive PAT.The results reflect improved performance across both non-aero and aero segments, even amidst muted traffic trends. Consolidated financial highlights for GMR Airports Limited are presented below:ParticularsQ1 Jun'26Q4 Mar'26Q1 Jun'2512M Mar'26Total Income4,0854,0433,32115,201EBITDA1,5681,5491,2806,150...

Sri Havisha Hospitality and Infrastructure Limited Approves Q1 Results; Sets AGM Date and Transactions The Board of Directors of Sri Havisha Hospitality and Infrastructure Limited, formerly known as Shri Matre Power & Infrastructure Limited and Shri Shakti LPG Limited, held a meeting on August 12, 2026. The Board approved the unaudited financial results and related reports for the first quarter ended June 30, 2026.The company confirmed that it has executed a lease agreement with the Airports Authority of India (AAI) for the renewal of its leasehold rights for another 30 years from 2023. The finance cost for the quarter ending June 30, 2026, including interest expense on the lease liability of INR 113.10 lakhs, totals INR 120.33 lakhs...

SEBI Cracks Down: List Reveals Companies and Analysts with SCORES Complaints Pending Past 90 Days By [Your Name/Market Desk] Date: August 13, 2026SEBI has released a detailed list identifying companies, intermediaries, and MIIs that have accumulated complaints pending for over three months on the Securities Complaints Redressal System (SCORES). The release focuses on bolstering transparency in the grievance resolution process within the market.The data, captured as of July 31, 2026, highlights entities where investor grievances have remained unresolved or significantly delayed beyond the standard redressal period. This move underscores SEBI's commitment to timely and equitable handling of marketplace disputes.SEBI Mandates...

Black Box Limited Adopts Revised Code for Insider Trading and Fair Disclosure of Price Sensitive Information Black Box Limited has adopted a revised Code of Conduct pertaining to insider trading and fair disclosure of Unpublished Price Sensitive Information (UPSI). The Board of Directors approved the new code during a meeting held on August 12, 2026. This comprehensive framework is designed to ensure market integrity and fairness in handling sensitive company information.The revised code details processes for managing and disseminating UPSI, which covers financial results, changes in capital structure, mergers, acquisitions, key managerial personnel changes, and regulatory actions against the company or its subsidiaries.Fair...

Momentum Stocks Surge: Zee Media, Mahalaxmi Rubtech Breakout as Select Stocks Hit New 52-Week Highs Bullish Breakouts Power Selected Shares In a market characterized by technical momentum rather than fresh macro triggers, several stocks demonstrated significant price strength on August 12. These selected shares moved robustly above key short to medium-term moving averages, signaling positive near-term trends and sustained buying interest.DIC India shares surged by 15.72%, reaching Rs 595. This remarkable rise places the stock well above its 30-day SMA of Rs 514.19, and significantly higher than its 150-day SMA of Rs 517.58.Jubilant Agri shares witnessed a strong surge of 14.06%, climbing to Rs 2,218.30. This performance indicates...

RBI Mandates External Benchmark for Floating Loans: What New Rules Mean for Home Loan Borrowers The Reserve Bank of India's (RBI) draft guidelines concerning loan interest rates are poised to significantly reshape the lending landscape across commercial banks. If these rules are finalized, they will introduce stricter frameworks regarding floating-rate loans, impacting how lenders set and revise interest charges. This regulatory shift aims to bring greater transparency and clarity to borrowers concerning their overall borrowing costs.Mandatory External Benchmarking for Floating Loans A cornerstone of the proposed regulations is the requirement that all floating-rate personal loans extended by commercial banks must be linked to an...

Raymond Realty Incorporates Wholly Owned Subsidiary for Real Estate Ventures Raymond Realty Limited has incorporated a new wholly owned subsidiary, Ten X Mahalaxmi Limited, as part of a strategic initiative to explore and undertake real estate projects. The company registered the new entity on August 12, 2026.The incorporation of Ten X Mahalaxmi Limited is designed to facilitate involvement in new real estate projects, especially those under the redevelopment model, thereby helping to mitigate project-specific risks for the parent company.The subsidiary was incorporated with the specific object of undertaking the real estate business. Raymond Realty Limited executed an investment through subscription in cash by itself and its...

Sree Rayalaseema Hi-Strength Hypo Limited Approves Q1 Results; Announces New Director Appointment Sree Rayalaseema Hi-Strength Hypo Limited has announced the approval of its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed these results alongside the appointment of a new director and reconstituted several key committees.The Company also reported on significant legal proceedings involving a judgment from the Business and Property Courts of England and Wales concerning damages claimed by Maersk Shipping Line.Financial Highlights for Quarter Ended June 30, 2026 The financial results indicate varying performance across both standalone and consolidated...

Silly Monks Entertainment Approves Q1 Unaudited Results and Schedules 13th AGM Silly Monks Entertainment Limited has released its unaudited financial results for the first quarter ended June 30, 2026. In addition to the financial reporting, the company's Board meeting addressed several key governance outcomes, including the scheduling of its upcoming Annual General Meeting (AGM).The Board meeting held by Silly Monks Entertainment reviewed and approved the unaudited financial results for the quarter ending June 30, 2026. The board also noted the Limited Review Report for the same period. Furthermore, the company resolved to hold its 13th Annual General Meeting on Monday, September 28, 2026.A key governance decision made during the...

Ishan International Limited receives Show Cause Notice from SEBI over IPO Proceeds Utilization Ishan International Limited has received a Show Cause Notice (SCN) dated August 10, 2026, from the Securities and Exchange Board of India (SEBI). The notice relates to an investigation into the utilization of proceeds amounting to ₹18.24 crore, which the company raised through its IPO in September 2022.The SCN alleges a violation of certain provisions related to the use of funds, specifically referencing SEBI (PFUTP) Regulations, 2003 and the SEBI (LODR) Regulations, 2015 read with Ind AS 28 and Section 27 of the SEBI Act, 1992.The company is currently examining the contents of the SCN and plans to submit a response within the prescribed...

The Grob Tea Company Approves Q1 Unaudited Results; Announces Committee Reconstitution and Director Resignation The Grob Tea Company Limited announced several key outcomes following its Board meeting held on August 12, 2026. Key decisions included the approval of un-audited financial results for the quarter ended June 30, 2026, the endorsement of the Cost Audit Report, and the announcement of changes in the composition of various Board committees. The company also noted the resignation of Mr. Niraj Kumar Harodia from his position as an Independent Director.Financial Approvals and Operational Decisions The Board approved the Un-Audited Financial Results for the quarter ending June 30, 2026, along with a Limited Review Report conducted...

Tolins Tyres Reports Q Ended June 30, 2026 Financial Results; Consolidated Profit Jumps to Rs 61.90 Million Tolins Tyres Limited announced the results of its Board meeting held on August 12, 2026, having approved the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company operates predominantly in the manufacture and sale of tyres and allied rubber products.The financial outcomes highlight significant performance across both standalone and consolidated results. For the quarter ended June 30, 2026, Total Income from operations stood at Rs 795.07 million for the Group, compared to Rs 640.11 million in the prior year quarter (June 30, 2025).Profit After Tax attributable to the owners of...

Muthoot Fincorp Files for ₹3,000 Cr IPO: NBFC Set to Accelerate Growth and Boost Capital Base Muthoot FinCorp Ltd., a major player in the non-banking financial sector, has filed draft papers with SEBI today seeking an Initial Public Offering (IPO). The company plans to raise ₹3,000 crore through this entirely fresh issue of equity shares. This move is designed to significantly strengthen and augment Muthoot FinCorp's Tier-I capital base.The proceeds from the IPO will be strategically used to meet future capital requirements. These funds are vital for supporting the growth and expansion of the company’s business operations, including funding onward lending activities.Expanding Portfolio Through Strategic Capital Raise Muthoot FinCorp...

Gujarat Ambuja Exports Limited Dispatches Letters Containing Annual Report and 35th AGM Notice Gujarat Ambuja Exports Limited has initiated a specific communication process to certain shareholders regarding corporate documentation. The company dispatched letters to members whose email addresses were not registered with the Company, its Registrar & Share Transfer Agent, or Depository Participants.These correspondence documents contain the necessary web link and exact access path for stakeholders. Through this dispatch, the company provided access to two key items:1. The Integrated Annual Report for the Financial Year 2025-26. 2. The Notice of the 35th Annual General Meeting (AGM) of the Company.GAEL Stock Price Movement Gujarat...

ICICI Prudential Life Insurance Enters Transitional Agreement to Manage Rebranding and Trademark Usage ICICI Prudential Life Insurance Company Limited has entered into a transitional agreement with Prudential IP Services Limited (PIP) to manage the rebranding process, which includes defining the use of 'Prudential' marks during the transition and outlining the eventual removal of these marks from the company name. The agreement was executed on August 12, 2026.The transitional agreement amends the existing trademarks and names license agreement, which was originally established between ICICI Prudential Life Insurance Company Limited and PIP on September 26, 2014.According to the details of the transaction, the new agreement sets out...

MICL Group Reports Strong Q1 FY27 Results; Profit After Tax Grows 29% YoY Man Infraconstruction Limited (MICL Group), a major player in Mumbai's construction and real estate development sector, announced its un-audited financial results for the quarter ended June 30, 2026. The company reported robust performance during Q1 FY27, driven by solid operational execution and strong market traction.Profit after tax after minority interest saw a significant increase of 29% year-on-year (YoY), reaching ₹71.6 crore, reflecting the resilience of the business model and improving earning momentum within the construction group.Manan Shah, Managing Director of Man Infraconstruction Limited, highlighted that Q1 FY27 marked a strong beginning. He...

Eureka Forbes Reports Q1 Results: Standalone Profit Reaches 5,543.63 Lakhs Amid Gratuity Scheme Amendment Eureka Forbes Limited has announced the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were reviewed and approved by the Board of Directors on August 12, 2026.The Company operates in the Health and Hygiene products segment. The standalone financial performance showed Total Income of 70,795.55 Lakhs for the quarter. Profit after tax stood at 5,543.63 Lakhs, while the total comprehensive income reached 5,333.66 Lakhs.Key highlights from the Standalone Financial Results (figures in Lakhs):ParticularsQuarter ended June 30, 2026Quarter ended March 31, 2026Quarter ended...