Markets

Glen Industries Ltd Reports 24.36% Growth in Revenue for Q1 FY27 Glen Industries Ltd has reported a strong start to the financial year 2026-27, highlighted by a significant growth in its domestic sales and total revenue from operations. The company recorded a Total Revenue from Operations of Rs 5,492.92 lakh for the quarter ended June 30, 2026, representing a 24.36% increase compared to the Rs 4,416.85 lakh reported in the same period during the previous financial year.The growth was primarily propelled by a robust domestic market performance. Domestic sales rose by 43.79% to reach Rs 4,261.73 lakh from Rs 2,963.81 lakh in Q1 FY2025-26. This surge was attributed to improved demand, higher order execution, and higher unit realization...

The New India Assurance Company Ltd to Convene Board Meeting on July 24, 2026 The New India Assurance Company Limited has announced that its Board of Directors will hold a meeting on Friday, July 24, 2026. The primary objective of the meeting is to review and approve the company's financial performance for the most recent quarter.The agenda includes the consideration and approval of the un-audited financial results for the quarter ended June 30, 2026. Additionally, the Board will deliberate on any other matters deemed necessary by the directors during the proceedings.NIACL Stock Price Movement The New India Assurance Company Limited today slipped by 0.92% to settle at ₹178.4. Trading saw a total volume of 558,776 shares as the stock...

Indigo Paints Ltd to Convene Board Meeting for June 2026 Quarterly Results Indigo Paints Ltd has scheduled a meeting of its Board of Directors on Thursday, August 13, 2026. The primary agenda for this board meeting is the consideration and approval of the company's unaudited standalone and consolidated financial results for the quarter ended on June 30, 2026.The upcoming proceedings will provide a comprehensive overview of the company's financial performance during the second quarter of the 2026 fiscal year. The board is expected to review the operational data and financial standing before formalizing the results.INDIGOPNTS Stock Price Movement Indigo Paints Limited shares today slipped by 0.11% to settle at ₹1,083.20 in post-market...

Mega Nirman and Industries Ltd to Convene Board Meeting on July 23, 2026 Mega Nirman and Industries Ltd has announced that its Board of Directors will meet on Thursday, July 23, 2026, at the company's registered office. The meeting is scheduled to deliberate on several key corporate actions, including the approval of annual reports, the introduction of an employee stock option scheme, and structural changes to the company's governing documents.Agenda for Annual General Meeting A primary focus of the upcoming board meeting is the preparation for the Annual General Meeting (AGM) concerning the financial year ended March 31, 2026. The Board will review the draft notice, including the determination of the time and date for the meeting...

Havells India Appoints Ashish Parikh as President and SBU Head Havells India Limited has announced the appointment of Mr. Ashish Parikh as President and Strategic Business Unit (SBU) Head, effective July 16, 2026.Mr. Parikh joins the leadership team with over 25 years of extensive experience in P&L management, business transformation, sales, category development, operations, go-to-market strategy, supply chain, and omnichannel development across both Indian and international markets.Professional Background Prior to his appointment at Havells, Mr. Parikh served as Executive Vice President and Chief Operating Officer for the North and East Regions at Diageo India. In that role, he was responsible for overseeing large and diverse...

Kfin Technologies Limited Completes Capital Infusion into Wholly Owned Subsidiary Kfin Technologies Limited has completed a capital infusion into its wholly owned subsidiary, KFin Technologies (Singapore) Pte. Ltd. The transaction involves the remittance of an aggregate amount of USD 1,999,999.20 to strengthen the subsidiary's financial position.The investment follows a proposal previously approved by the Board of Directors during a meeting held on June 10, 2026. This strategic move to provide additional capital to KFin Singapore aligns with the company's ongoing operational requirements and corporate strategy for its international subsidiary.The funds were remitted on July 16, 2026, at approximately 12:01 p.m. IST.Event...

Utkarsh Small Finance Bank to Consider Amendment of Terms for ₹195 Crore Lower Tier II Bonds Utkarsh Small Finance Bank Ltd is scheduled to review the execution of a supplementary debenture trust deed to modify the terms and conditions of its existing Rated, Listed, Unsecured, Redeemable, Lower Tier II Bonds.The bank will deliberate on the proposal during a Board Committee meeting scheduled for Tuesday, July 21, 2026. The primary objective of the proposed Supplementary Deed is to amend specific provisions governing the bonds, specifically those pertaining to the Call Option Date, the exercise of call options by the Bank, and the early redemption of the debentures.The proposed amendments are being structured in alignment with...

Mahan Industries Ltd Announces Preferential Issue of Equity Shares and Convertible Warrants Mahan Industries Limited has announced plans to raise funds through a preferential issue of equity shares and convertible warrants. The company's Board of Directors approved these measures during a meeting held on July 16, 2026.Preferential Issue of Equity Shares The company intends to issue up to 3,200,000 fully paid-up equity shares on a preferential basis. These shares have a face value of ₹10 each and will be offered at an issue price of ₹12 each, which includes a premium of ₹2 per share. The total amount to be raised through this issuance is expected to reach up to ₹3,84,00,000.The proposed allottees for these shares are detailed below...

Mercury Laboratories Limited Announces Board Meeting to Review Q1 FY2026 Financial Results Mercury Laboratories Limited has officially notified the BSE Listing Compliance Department regarding an upcoming board meeting scheduled for July 25, 2026. The meeting is set to deliberate on and approve the unaudited financial results for the quarter ending June 30, 2026.The company issued the prior intimation in strict adherence to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulatory filing serves as a standard procedure to ensure transparency for shareholders and market participants alike.Closure of Trading Window Amidst Financial Review In a...

SEBI Settles Violation Case Against Nippon India Equity Opportunities AIF Following Pro-Rata Commitment Breach The Securities and Exchange Board of India (SEBI) has issued a Summary Settlement Order regarding the Nippon India Equity Opportunities AIF. The regulatory action follows an examination of the Quarterly Activity Report for the period ended June 2024.SEBI observed that the fund drew down ₹93.05 crores from other investors against a total commitment of ₹215.36 crores, representing a 43.2% drawdown rate. However, Nippon Life India AIF Management Limited and the sponsor managed only a 30% drawdown on their respective commitments.The investigation revealed that the Manager and sponsor failed to maintain their continuing interest...

Sansera Engineering Limited Settles Civil Suit with Metaldyne Powertrain Components Inc. Sansera Engineering Limited has entered into a Confidential Release and Settlement Agreement with Metaldyne Powertrain Components Inc. to resolve a civil suit pending before the United States District Court for the District of South Carolina, Charleston Division.The settlement pertains to the lawsuit titled Metaldyne Powertrain Components Inc. v. Sansera Engineering Limited (Case No. 2:21-cv-03588-BHH). The agreement was executed on July 16, 2026, without any admission of liability by Sansera Engineering Limited.Settlement Terms and Financial Impact Under the terms of the agreement, Sansera Engineering Limited has agreed to pay a total amount of...

Kody Technolab Limited Clarifies Corporate Governance Applicability for June Quarter Kody Technolab Limited has confirmed that specific corporate governance provisions are not applicable to the company for the quarter ended June 30, 2026. This determination is based on the company's listing status and financial criteria established under prevailing regulatory frameworks.The company maintains its listed status on the NSE SME Exchange. Under the current framework, companies that list their specified securities on an SME Exchange are exempt from certain corporate governance requirements. Specifically, this applies to entities where the Paid up Equity Share Capital does not exceed Rs. 10 Crore and the Net worth does not exceed Rs. 25...

NCLAT Dismisses Insolvency Appeal Against Ganesh Benzoplast Limited The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Progfin Private Limited seeking the initiation of a corporate insolvency resolution process against Ganesh Benzoplast Limited.The legal proceedings were initiated by Progfin Private Limited under Section 61 of the Insolvency and Bankruptcy Code, 2016. The appellant had challenged a previous order issued by the National Company Law Tribunal (NCLT), Mumbai Bench, dated September 1, 2025. In that earlier proceeding, the NCLT had dismissed a Section 7 petition filed by Progfin.The petition originally sought to initiate corporate insolvency resolution...

Mercury Laboratories Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Mercury Laboratories Limited has scheduled a meeting of its Board of Directors on July 25, 2026, to deliberate on and approve the company's unaudited financial results for the quarter ending June 30, 2026.The board meeting serves as a key milestone for the company to evaluate its operational performance and financial standing for the June quarter. The proceedings will include a comprehensive review of the figures before they are finalized by the board.In alignment with internal policies regarding insider trading, the company has closed its trading window effective July 01, 2026. This restriction remains in place until 48 hours after the official...

Admach Systems Limited Secures ₹295.73 Lakh Order for NDT Machines; Order Book Reaches ₹83.77 Crore Admach Systems Limited, a manufacturer of special-purpose machines and non-destructive testing (NDT) equipment, has announced the receipt of a purchase order valued at ₹295.73 lakh (inclusive of GST). The order is for the supply of two non-destructive testing machines to a prominent domestic customer in the NDT industry.The machinery is scheduled for delivery to end-use facilities located in Mexico and China. This transaction highlights the company's growing indirect presence in global manufacturing supply chains and demonstrates the international acceptance of its engineering products.Order Execution and Financial Terms The contract...

Mahan Industries Ltd Announces Open Offer for Acquisition of 26% Stake Mahan Industries Limited has announced an open offer for the acquisition of up to 2,002,000 equity shares, representing 26% of its Expanded Voting Share Capital. The offer is being made by Mr. Nishil Sanjaykumar Shah (Acquirer-1) and Mr. Niranjankumar Navratanmal Jain (Acquirer-2).The acquisition comes following a series of transactions involving preferential allotments and a share purchase agreement. Upon completion of these transactions, the Acquirers will acquire control over the Target Company and become its promoters. The existing promoter, Mr. Yogendrakumar Gupta, will relinquish control and management of the company as part of the agreement.The Open Offer...

HDFC Asset Management Company Assigned ESG Rating of 80.9 HDFC Asset Management Company Limited has been assigned an Environmental, Social, and Governance (ESG) rating of 80.9 by SES ESG Research Private Limited.The rating was issued by SES ESG Research Private Limited in a communication dated July 15, 2026. The assessment was conducted independently by the research firm based on information available in the public domain.HDFC Asset Management Company Limited has clarified that it did not engage SES ESG Research Private Limited to perform this specific rating or generate the associated report.HDFCAMC Stock Price Movement HDFC Asset Management Company Limited shares today tumbled by 4.70% to settle at ₹2,602.20 after a sharp...

Crompton Greaves Consumer Electricals Limited to Review Quarterly Financial Results in August Board Meeting Crompton Greaves Consumer Electricals Limited has scheduled a meeting of its Board of Directors on Thursday, August 06, 2026, to deliberate upon and approve the company's unaudited financial results for the quarter ended June 30, 2026.The board meeting will cover both standalone and consolidated financial performance for the period. The company intends to publish these financial results on its official website and in newspapers following the conclusion of the meeting on August 06, 2026.Trading Window Restrictions In alignment with internal codes of conduct and regulations regarding insider trading, the company has implemented...

Shree Balaji Mala Textiles Set to Debut with ₹18.9 Crore IPO as SME Segment Momentum Builds Shree Balaji (Mala) Textiles, a prominent Kolkata-based contract manufacturer and wholesaler of cotton sarees, has officially announced its maiden public issue scheduled to open on July 22.The company joins a busy week for the SME segment, becoming the third firm to launch an IPO after Gulf Lloyds (India) and Metalic Technoforge. The issuance is expected to draw significant attention from retail and institutional investors seeking growth in the textile manufacturing space.Issue Details and Valuation Framework The B2B saree manufacturer aims to raise Rs 18.9 crore through the initial sale of 27 lakh shares. The issue is priced at an upper band...

Sotefin Bharat IPO Faces Slow Start on Day 1 as Grey Market Premium Signals 10% Upside The maiden public issue of Kolkata-based automated car parking solutions provider, Sotefin Bharat, saw a sluggish debut on the first day of bidding. The subscription data released on July 16 indicates that the market remains cautious despite a significant premium being observed in the grey market.The Rs 90 crore initial public offering (IPO) recorded just a 22 percent subscription during its opening day. Investors bid for 7.57 lakh shares out of the total offer size of 34.32 lakh shares, which were registered through 545 applications.Mixed Investor Participation and Institutional Silence While retail and non-institutional investors provided a...