Markets

Godrej Properties Acquires Land Parcel in Chennai for Planned Residential Development Godrej Properties Limited (GPL), a leading real estate developer in India, has announced the acquisition of approximately 47 acres of land located off Old Mahabalipuram road (OMR) in South Chennai. The outright purchase targets one of the fast-growing micro markets in South Chennai.The acquired parcel is slated for a new residential development, which is anticipated to offer a developable potential of around 1.2 million square feet. The project holds an estimated revenue potential of approximately INR 500 crore.The prime location benefits from connectivity via OMR, offering access to various employment hubs along the Siruseri-Kelambakkam corridor...

Bannari Amman Sugars Reports Cyber Security Incident at Tamilnadu Distillery Unit Bannari Amman Sugars Ltd has reported a cyber security incident that occurred at its Distillery Unit in Tamilnadu. The company confirmed that the attack was addressed immediately, and there is no impact on the routine operations of the unit.The incident took place on June 27, 2026, around 4:40 P.M. (IST). Bannari Amman Sugars Ltd informed stakeholders regarding the event concerning the cyber security breach experienced at its Tamilnadu Distillery Unit.BANARISUG Stock Price Movement Bannari Amman Sugars Limited shares gained 3.17% on Monday, concluding their session at ₹3429.9. The stock traded within a range of ₹3333.1 and ₹3488.7, recording a total...

Arham Technologies Sets Dates for 13th Annual General Meeting and Remote E-Voting Arham Technologies Limited has announced the details regarding its 13th Annual General Meeting (AGM), providing stakeholders with specific dates for both the meeting and the associated remote electronic voting period. The company also confirmed the appointment of a practicing company secretary to serve as the scrutinizer for the e-voting process.The 13th Annual General Meeting is scheduled to be held on Wednesday, July 22, 2026, commencing at 12:30 P.M. The meeting details and voting procedures were communicated in connection with ARHAM’s shareholder base.In preparation for the AGM, Arham Technologies provided a clear timeline for the remote e-voting...

TANFAC Industries Raises INR 250 Crore Through Qualified Institutional Placement (QIP) TANFAC Industries Limited, one of India's leading fluorine chemical manufacturers, successfully raised ₹ 250 crores through a Qualified Institutional Placement (QIP). This capital raise marks the Company's first equity issuance in over three decades.The QIP was conducted from June 23 to June 25, and the issue price was determined at Rs 1985.83 per equity share. This figure represented a 5% discount against the floor price of Rs 2090.34.The placement saw strong participation from various marquee domestic and global institutional investors. Participants included Motilal Oswal (Mutual Fund & AIF), Malabar Investments, 360One, Niveshaay Funds, and...

Clio Infotech Makes Investment in IT Services Firm, Targets 100% Acquisition Clio Infotech Ltd has initiated a strategic investment into Clio Tech Limited, an entity operating in the IT Services sector. The company's board approved the investment aimed at acquiring shares in Clio Tech Limited.The target entity is engaged in software designing, development and dealing in Corporate Software and IT related services. Clio Tech Limited was incorporated on March 16, 2026, and is currently in the initial stages of its business operations, having no turnover for the last three financial years due to its recent incorporation.Clio Infotech Ltd has committed an aggregate amount of approximately Rs. 87,00,00,000 towards the acquisition of...

NLC India Limited Issues Commercial Paper worth ₹ 400 Crore NLC India Limited has completed the issuance and allotment of a tranche of commercial paper, raising a substantial amount in capital markets.The company issued 8,000 numbers of commercial paper on June 29, 2026. Each commercial paper carries a face value of ₹ 5,00,000/-.This transaction aggregates to a total issue size of ₹ 400 Crore for NLC India Limited.NLCINDIA Stock Price Movement On Monday, NLC India Limited shares gained 2.37%, rallying to close at ₹327.75 after trading higher from the previous day's session. The equity finished within a range of ₹317.45 and ₹328.9, with approximately 6.78 million shares recorded in volume.

Kanungo Financiers Board Approves In-Principle Strategic Investments and Key Corporate Enhancements Kanungo Financiers Limited recently held a meeting of its Board of Directors, during which it accorded in-principle approval for proposed strategic investments while deliberating on enhancements related to the company’s capital structure and financial limits.The Board reviewed several critical matters intended to support the company's growth trajectory. In regard to corporate restructuring, the directors deliberated upon the proposal for altering the Capital Clause and Object Clause of the Memorandum of Association, including an increase in the Authorized Share Capital. Furthermore, proposals were discussed concerning the enhancement of...

SIS Ltd Acquires Additional Stake in Updater Services Limited, Elevating Holding in UDS SIS Ltd has increased its equity stake in Updater Services Limited (UDS), announcing the purchase of an additional 1,68,184 equity shares. The acquisition, completed on June 29, 2026, forms part of SIS Ltd's ongoing treasury management operations.Following this purchase, the company’s aggregate shareholding in UDS now stands at 32,67,184 equity shares, which represents 4.88% of UDS paid-up equity share capital. The acquisition was conducted via Cash Consideration for INR 3.11 crore.Updater Services Limited operates within the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry. The transaction does not constitute a...

Hitachi Energy India Recommends Dividend, Sets Record Date Amidst TDS Requirements Hitachi Energy India Limited announced a recommendation for a final dividend of INR 8.00 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended the dividend after a meeting held on May 25, 2026. Shareholders entitled to receive the dividend are determined by the Record Date set for August 21, 2026.The company stated that the payment of this dividend is subject to approval by shareholders at the Annual General Meeting scheduled for August 28, 2026. The recommended dividend was based on a face value of INR 2.00 per equity share.Tax Deduction at Source (TDS) Details Hitachi Energy India Limited has indicated that...

Accord Transformer & Switchgear Secures Rs 19.97 Crore Order for Wind Turbine Transformers in Karnataka Accord Transformer & Switchgear Limited has secured a significant domestic purchase order worth Rs 19,97,50,400 (Nineteen Crore Ninety Seven Lakh Fifty Thousand four Hundred) to supply transformers for a major wind energy project. The order is valued at Rs 19.97 Crores including GST and pertains to the manufacturing of specialized wind turbine transformers.The company stated that due to privacy terms and mutual understanding with the client, it was unable to disclose the name of the entity awarding the contract, but confirmed the client is a leading private sector EPC company.Details regarding the order provided by Accord...

Rane Announces Board Meeting to Approve Q1 Unaudited Financial Results; Closes Trading Window Rane (Madras) Limited has scheduled a Board meeting to review the company's financial performance. The meeting is set for August 05, 2026, with the primary agenda item being the consideration and approval of the Unaudited Financial Results (both Standalone and Consolidated) for the quarter ending June 30, 2026.In addition to the Board scheduling, Rane has also announced that the trading window will remain closed for certain key personnel during this period. Following the company's Insider code guidelines aimed at regulating insider trading, the designated closure period runs from June 30, 2026, through August 07, 2026. This restriction...

Kirloskar Pneumatic Announces 51st Annual General Meeting Set for July 2026 Kirloskar Pneumatic Company Limited has announced the date and details of its 51st Annual General Meeting (AGM). The meeting is scheduled to be held on Tuesday, July 21, 2026, at 3:00 p.m. (IST). The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) facility.The company has provided members with access to the Annual Report and Notice of the AGM for the financial year 2025-26. These documents are available electronically via the company website, www.kirloskarpneumatic.com, as well as on the websites of BSE Limited and National Stock Exchange of India Limited.Electronic Voting Details Members who wish to participate in...

KEC International Secures Rs 1,754 Crores in New Orders, Driven by Tower Supply in the Americas KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, has secured new orders totaling Rs 1,754 crores across various business segments. The wins cover specialized transmission line tower supply in the Americas as well as orders for cables and conductors in international and Indian markets.The significant order intake reflects KEC International’s growing momentum, particularly within the power infrastructure sector. The business secured major contracts for supplying high voltage transmission line towers for projects spanning the American market. Additionally, various orders related to cables and conductors were...

Aster DM Healthcare Acquires OCRPS in Alfaone Medicals for Strategic Investment Aster DM Healthcare Ltd has completed the acquisition of Optionally Convertible Redeemable Preference Shares (OCRPS) in Alfaone Medicals Private Limited, an associate company, through a rights issue process. The transaction occurred on June 29, 2026.The investment involves Aster DM acquiring 3,57,143 OCRPS of Alfaone Medicals Private Limited. These preference shares were acquired at a price of Rs. 700/- each, which included a security premium of Rs. 690/- per share. The face value of the OCRPS is Rs. 10/- each.The total cost associated with this acquisition was recorded as Rs. 25,00,00,100/-.Transaction and Shareholding Details The acquisition has...

Crayons Advertising Limited Reports Financial Results for FY2025-26, Showcasing Integrated Capabilities and Pan-India Presence Crayons Advertising Limited, a veteran in integrated communication solutions, has reported its consolidated financial results for Fiscal Year 2025-26. The company, which was founded in 1986, operates as a leading advertising and communication firm, providing end-to-end brand management across digital, media, PR, events, and technology-led marketing services.The report details the company's financial standing and operational strength, underpinned by four decades of creative experience and modern data and media capabilities. Crayons serves over 500 clients across India’s private and government sectors, boasting...

Chambal Breweries to Amalgamate with Invade Agro, Shares Structured at 2:5 Ratio The Board of Directors of Chambal Breweries and Distilleries Limited has approved a Scheme of Amalgamation with Invade Agro Limited. The decision was made during the company meeting held on June 29, 2026, following recommendations from the Audit Committee and the Independent Directors Committee.The Scheme involves the amalgamation of Chambal Breweries and Distilleries Limited (the Transferor Company) into Invade Agro Limited (the Transferee Company), governed by Sections 230 to 232 of the Companies Act, 2013. The merger is subject to necessary statutory and regulatory approvals, including those of shareholders, creditors, and the National Company Law...

CareEdge Assigns 'BBB+/Stable' Rating to Bank of Baroda Foreign Currency Notes CareEdge Global Ratings has assigned a 'CareEdge BBB+/Stable' long-term foreign currency rating to various instruments issued by Bank of Baroda (BoB), reaffirming its commitment to institutional stability within the banking sector. The ratings reflect the bank’s strong sovereign backing, robust domestic position, and efforts in capital management.In line with the assessment, CareEdge Global has assigned a 'BBB+/Stable' rating to BoB's USD 1 billion senior unsecured notes. Furthermore, it has reaffirmed the 'CareEdge BBB+/Stable' rating for its USD 4 billion global medium-term notes (GMTN) programme. The issuer rating for Bank of Baroda was also maintained...

RailTel Secures Major Work Order valued at Rs 27 Crore from Goa Labour Welfare Board RailTel Corporation of India Ltd has secured a significant work order for the development of an exclusive end-to-end online portal for The Goa Labour Welfare Board. The contract, which was received on June 29, 2026, totals Rs 27,06,04,323/- (including tax).The project involves the creation of a specialized digital platform for the board. This domestic work order outlines the scope and timeline for completion, positioning RailTel as a key technology provider to the government entity.Details of the major contract secured by the company are summarized below:DetailDescriptionAwarding EntityThe Goa Labour Welfare BoardProject ScopeDevelopment...

Gokul Agro Resources Ltd Appoints Manharbhai Kurjibhai Jadav as Director on Riya International PTE Ltd. Board Gokul Agro Resources Ltd has finalized a key directorial appointment following changes in plans for its Foreign Unlisted Material Step Down Subsidiary, Riya International PTE Ltd. The company confirmed that Mr. Manharbhai Kurjibhai Jadav has been appointed as a director on the board of Riya International PTE Ltd.The appointment follows an earlier proposal wherein Dr. Pritha Dev, who is an Independent Director of Gokul Agro Resources Ltd., was slated to serve as a director for Riya International PTE Ltd. However, due to technical reasons, this proposed appointment could not proceed.In response to this development, the Board...

Foseco India Ltd to Hold Board Meeting to Approve Half-Year Unaudited Financial Results Foseco India Ltd has announced that its Board of Directors will convene a meeting to review and approve the Standalone and Consolidated Unaudited Financial Results for the quarter and half-year ended June 30, 2026. The company has also specified a period during which the trading window related to these results will remain closed.The Board meeting is scheduled to take place on Tuesday, August 11, 2026. At this meeting, the board is set to consider and approve the Unaudited Financial Results of the company for the half-year concluding on June 30, 2026.In connection with the consideration and approval of these financial results, Foseco India Ltd has...