Markets

Divyadhan Recycling Industries Limited Successfully Shifts Registered Office to Uttar Pradesh Divyadhan Recycling Industries Limited has successfully completed the shifting of its registered office from the State of Maharashtra to the State of Uttar Pradesh. The approval pertains to the alteration of the company's memorandum of association, which was authorized by a Special Resolution passed by the members.The decision follows the completion of necessary processes related to the relocation and confirmation of the registered office. Divyadhan Recycling Industries Limited confirmed that the application seeking state approval for the shift has been granted.Key details regarding the change in location are as follows:DetailPrevious...

Globe Enterprises Approves Q1 Financial Results and Appoints Additional Independent Director Globe Enterprises (India) Limited, formerly known as Globe Textiles (India) Limited, announced the approval of its Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the appointment of Mr. Hemant Jayantilal Dave as an Additional Independent Director.The company's management reviewed the results in accordance with Indian Accounting Standards (Ind AS).Financial Performance Highlights The consolidated financial results for the quarter ended June 30, 2026, reflected a strong revenue base despite ongoing operational changes.In the standalone segment, the company...

Technocraft Ventures IPO Allotment Imminent: Subscriptions Surge to 38.69x, GMP Signals Strong Listing Debut The allotment process for the Rs 251-crore Technocraft Ventures public issue is expected to be finalized today, bringing resolution to keen investors. The company’s debut on the stock market remains highly anticipated, backed by a robust subscription response and a rising Grey Market Premium (GMP).Currently, the IPO's GMP stands at 12.74%, indicating positive market sentiment ahead of its scheduled listing. This premium has risen steadily from earlier estimates, suggesting strong investor confidence in the company’s growth trajectory.Subscription Snapshot for Technocraft Ventures The IPO garnered significant interest across...

JSW Energy Partners with Bhutan’s Druk Green Power Corporation for 920 MW Punatsangchhu-III Hydroelectric Project JSW Energy Limited, a leading power producer in India, has partnered with Druk Green Power Corporation Limited (DGPC), the state-owned entity of Bhutan, to undertake the joint development of the massive 920 MW Punatsangchhu-III Hydroelectric Project. This collaboration marks JSW Energy's debut venture into foreign power generation.JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed a Shareholders' Agreement (SHA) with DGPC for the project, which is located on the Punatsangchhu River in the Wangdue Phodrang District of Bhutan. The venture will be executed on a Build-Own-Operate-Transfer...

AIA Engineering Reports Q1 Results: Standalone Profit Jumps While Consolidated Income Reaches 29,733.62 LakhsAIA Engineering Limited has released its unaudited financial results for the quarter ended June 30, 2026, showing performance across both standalone and consolidated entities. The company's operating income and profit figures were reported in lakhs.The Group maintains a single reportable primary business segment: the Manufacturing of High Chrome Mill Internals, as per IND AS 108 "Operating Segments."Standalone Financial Highlights (Q1 FY27) In terms of standalone performance for the quarter ended June 30, 2026, AIA Engineering reported a total income of 99,548.70 lakhs. Revenue from sale of products stood at 87,541.12...

Electric Vehicles Surge as Market Share Narrows to 2-Year Low, Challenging Hybrid Dominance in India Electric vehicles (EVs) are rapidly closing the gap on hybrids in India's passenger vehicle segment, signaling a sharp and fundamental shift in the domestic auto market. According to data from the Federation of Automobile Dealers Associations (FADA), the disparity between the two categories has shrunk to its lowest level in two years for which comparable figures exist.In July 2026, EVs accounted for 7.9 percent of passenger vehicle registrations. This figure is now just behind hybrids, which recorded 8.02 percent of registrations. The slim gap amounts to only 0.12 percentage points, reflecting the intense and accelerating competition...

Vascon Engineers Posts Q1 Results Amid Key Divestment of Subsidiary Stake in Almet Corporation Limited Vascon Engineers Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported a profit before tax from the period, while management addressed the divestment and subsequent dispute regarding its entire shareholding in Almet Corporation Limited (ACL).The results were reviewed by the company's statutory auditors and approved by the Board of Directors on August 12, 2026.Q1 FY27 Performance Snapshot For the quarter ending June 30, 2026, Vascon Engineers reported consolidated revenue of 15,194 (in Rs lakhs), compared to 25,308 in the previous corresponding quarter (Q1 March 2026).The...

Dhoot Transmission IPO Commands Massive GMP Premium as QIBs Surge: Listing Battle Intensifies Ahead of Allocation Date The Rs 3,066.89-crore Dhoot Transmission IPO is set for a strong market debut, continuing to attract intense investor interest on its third and final day of bidding. The issue has been subscribed robustly by investors, with the overall subscription standing at 5.04 times against the total offer size. This strong demand comes as the company proceeds towards finalizing the allotment date on August 13.Grey Market Signals Strong Listing Gain for Dhoot Transmission The IPO is currently commanding a significant premium in the grey market (GMP), indicating substantial potential for listing gains. The stock is trading at...

Mindteck Reports Q1 FY2026-27 Results: Consolidated Revenue at Rs 104.08 Crore Bengaluru, India (August 12, 2026) - Mindteck (India) Limited reported its unaudited financial results for the first quarter of fiscal year 2026-27, ending June 30, 2026. The company, which provides engineering and technology solutions across sectors including storage, medical device, semiconductor, and analytical instrument industries, detailed stable revenue performance alongside profitability challenges during the period.Consolidated Financial PerformanceFor the quarter ended June 30, 2026, consolidated revenue stood at Rs 104.08 crore. This figure compares against Rs 103.91 crore in the preceding quarter (March 31, 2026) and Rs 101.30 crore during the...

Sikko Industries Approves Quarterly Results and Renews Key Management Appointments Sikko Industries Limited announced several significant corporate decisions following its Board meeting held on August 12, 2026. The board considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. Additionally, the company formalized appointments and reappointments across key managerial roles.The management updates include the appointment of a new Internal Auditor, as well as the re-appointment of three senior directors for five years.Quarterly Financial Performance The Unaudited Standalone Financial Results for the quarter ended June 30, 2026, were reviewed by the Statutory Auditors and...

Kirloskar Industries Reports Q1 Results; Appoints Sandeep Gokhale as Independent Director Kirloskar Industries Limited has released its unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The company also announced key governance updates, including the appointment of Mr. Sandeep Gokhale as an Additional Non-Executive Director and details regarding the allotment of Equity Settled Stock Appreciation Rights (ESARs).The Board of Directors approved the Q1 results in its meeting held on August 12, 2026. Concurrently, the company increased its paid up share capital following the ESAR exercise. The capital moved from 1,05,09,372 equity shares of <=10 each (aggregating to <10,50,93,720) to 1,05,09,580...

Hi-Tech Pipes Ltd. Reports Strong Q1FY27 Results with Revenue Jump of 79% and EBITDA Growth Hi-Tech Pipes Ltd., a leading manufacturer of steel tubes and pipes in India, has reported its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1FY27). The company saw significant growth in revenue and improved operating performance during the period.The Q1FY27 results reflect robust demand within the infrastructure and construction sectors. Revenue grew substantially by 79% to reach Rs1,413Cr., up from Rs791 Cr. in the corresponding quarter of FY26. Sales volume also increased by 26%, totaling 1,56,136 MT compared to 1,24,027 MT in Q1FY26.The company's operating performance metrics showed positive trends, with EBITDA...

Ruchira Papers Announces Book Closure and Record Date Ahead of Annual General Meeting Ruchira Papers Limited has set key dates for its upcoming Annual General Meeting, announcing a book closure period and specifying the record date for dividend entitlement.The company's Register of Members and Share Transfer Books will be closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026. This book closure is designated for both the Dividend distribution process and the Annual General Meeting.For determining which members are entitled to receive the final dividend for the financial year 2025-26, the Record Date has been set as Tuesday, September 22, 2026.The Annual General Meeting (AGM) is scheduled to take place on...

Kiri Industries Reports Strong Q1 FY27 Results Driven by Improved Realizations and Operational Efficiency Kiri Industries Limited announced its unaudited financial results for the quarter ending June 30, 2026, reporting substantial growth across both consolidated and standalone segments. The company highlighted improved pricing power and strategic capital deployment in a dynamic industry environment characterized by feedstock cost pressures.The Group’s consolidated revenue from operations stood at Rs. 312.36 crore for Q1 FY27, marking a 55% increase year-on-year (YoY) and 25% quarter-on-quarter (QoQ). Total Income reached Rs. 59,828.83 crore, while the company recorded consolidated EBITDA at Rs. 301.82 crore. The results showed a...

Caplin Point Announces Strong Q1 FY27 Results, Reappoints MD and Approves Final Dividend Caplin Point Laboratories Limited has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced significant governance decisions, including the re-appointment of its Managing Director and the recommendation of a final dividend.The Board of Directors held a meeting on August 12, 2026, where it approved the financial results for the quarter ending June 30, 2026, alongside several key corporate actions regarding management structure and shareholder returns.Financial Performance Highlights The consolidated results show robust growth in revenue and profitability during Q1 FY27...

GP Eco Solutions Board Approves CFO Appointment, Director Changes Ahead of AGM GP Eco Solutions India Limited, formerly known as GP Eco Solutions India Private Limited, held a Board meeting on August 12, 2026, where it approved several key operational changes, including a change in Chief Financial Officer (CFO) and re-designations of directors. The board also greenlit the agenda for the company’s 16th Annual General Meeting (AGM).The Board considered and approved the Company's Board Report for the financial year ending March 31, 2026. In personnel matters, the meeting noted the resignation of Mrs. Neha Garg from the position of Chief Financial Officer and Key Managerial Personnel, effective July 31, 2026. The board confirmed that Mrs...

The Western India Plywoods Releases Unaudited Financial Results for Quarter Ended June 30, 2026 The Western India Plywoods Limited has announced its unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. These results, along with the independent auditor’s review report, have been approved by the Board of Directors.The company's management stated that the reporting is in compliance with the applicable Indian Accounting Standards (Ind AS). The Statutory Auditors confirmed an unmodified opinion on the Audit Report for the quarter ended June 30, 2026.Standalone Financial Performance The unaudited standalone financial results reflect operational performance across various income and expense streams...

HCLTech recognized as Leader in Gartner Magic Quadrant for Public Cloud Optimization and Transformation Services 2026 NEW YORK and NOIDA, India, Aug 12, 2026 - HCLTech has been designated a Leader in the Gartner® Magic Quadrant™ for Public Cloud Optimization and Transformation Services (PCOTS) 2026. This recognition highlights the company's standing in providing services related to public cloud environments.HCLTech maintains a history of strong performance in this area, having been recognized as a Leader in Gartner® Magic Quadrant assessments for Public Cloud IT Transformation Services from 2021 through 2025.The global technology firm leverages its PCOTS business and partner ecosystem to advance cloud capabilities. By applying...

Univastu India Limits Clarification on Warrants Issue Proceeds for Preferential AllotmentUnivastu India Limited has issued a corrective disclosure pertaining to the Notice of the Extra-Ordinary General Meeting (EOGM) held on July 18, 2026. The update clarifies details regarding the utilization of issue proceeds generated from the issuance of warrants through a preferential allotment to proposed allottees.The correction relates specifically to Item 1: Issuance of Warrants to the Proposed Allottees by way of preferential issue, as part of the agenda items presented in the EOGM notice. The company provided details on how the funds received from the conversion of these warrants will be utilized across various operational needs.In...

Ruchira Papers Limited Reports Q1 Unaudited Results; Board Approves AGM Details and Key Director Appointments Ruchira Papers Limited released its un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed these results and addressed several key corporate decisions regarding future general meetings and senior management appointments during a meeting held on August 12, 2026.The unaudited performance details provide a snapshot of the company’s financial standing across different periods. Total income from operations for the quarter ending June 30, 2026, stood at 17,650.53, while total expenses were recorded at 16,828.52. Profit before tax for the period was reported at 822.01, and earnings...