Markets

Sellowrap Industries Secures 99-Year Lease for Land in Tamil Nadu to Boost Manufacturing Expansion Sellowrap Industries Limited has entered into a significant Lease Agreement with the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT). The deal provides the company with land in Ranipet, Tamil Nadu, for the purpose of setting up a new manufacturing unit and achieving business expansion.The agreement, executed on August 25, 2026, grants Sellowrap Industries the right to utilize the land for a period of 99 years. The company is set to take possession of the land, which measures 2.48 acres, effective from August 26, 2026.The transaction, which involves the lease of the land, is expected to result in the expansion of...

Striders Impex Invests Rs 3.28 Crore in UAE Subsidiary to Boost Working Capital Striders Impex Limited has made an additional overseas direct investment of Rs 3,28,11,984.98 into its Wholly Owned Subsidiary, Striders Hub General Trading L.L.C., which is based in the United Arab Emirates. This investment is aimed at meeting the working capital requirements of Striders Hub and is designed to strengthen the financial position of the entity.The investment represents a cash consideration and is being made in the ordinary course of business on an arm's length basis, supported by a Valuation Report. The company expects the acquisition to be completed in approximately 8 to 10 months.Striders Hub, which is a Wholly Owned Subsidiary, is...

HEG Limited Completes Demerger, Restructures Business Units into Two Independent Entities HEG Limited, a key part of the LNJ Bhilwara Group, has finalized the composite scheme of arrangement that will result in the creation of two distinct, publicly listed companies. The demerger is scheduled to take effect from September 1, 2026, with the Record Date for shareholder entitlement set for September 7, 2026. This strategic restructuring sees the company’s operations split into a pure-play graphite electrodes entity and a specialized advanced materials company.The scheme involves the creation of HEG Graphite Limited and the continuation of the existing listed entity as HEG Advanced Materials Limited. The resulting entities will be...

Vibhor Steel Tubes Approves INR 20 Crore Loan to Wholly Owned Subsidiary Vibhor Steel Tubes Limited has approved the grant of a loan facility to its wholly owned subsidiary, Viyom Steel Infra Private Limited. The Board of Directors approved the transaction on August 25, 2026.The transaction involves Vibhor Steel Tubes Limited serving as the lender and Viyom Steel Infra Private Limited acting as the borrower. The Company holds 100% shares of the Borrower. The loan agreement was executed on August 25, 2026, and the transaction has been confirmed to be at arm’s length.The facility amount sanctioned is INR 20 Crore. Key terms of the agreement include an interest rate of 9.5%. The loan is unsecured, and the repayment is structured as...

Sadhav Shipping Limited to Acquire 26% Stake in AOSL Energy Services to Target Marine and Offshore Oil and Gas Sectors Sadhav Shipping Limited has approved a strategic collaboration involving the acquisition of a 26% stake in AOSL Energy Services Limited (AOSL). This move is set to form a joint venture with Asian Energy Services Limited (AESL), which currently holds a wholly owned subsidiary status in AOSL.The proposed collaboration is designed to allow both Sadhav Shipping Limited and AESL to combine their respective strengths and technical expertise. The partnership will focus on jointly identifying, exploring, and pursuing business opportunities, particularly within the marine and allied sectors that serve the offshore oil and gas...

Euro Pratik Sales Limited to Host Distributor and Dealer Meet in Bangalore Euro Pratik Sales Limited, formerly known as Euro Pratik Sales Pvt. Ltd., has announced plans to host a Distributor and Dealer Meet. The event is scheduled to take place in Bangalore and is aimed at the company's distribution and dealer network.The Distributor and Dealer Meet is set to be held in person at The Ritz-Carlton, Bangalore.The company confirmed that the meet will run from August 29, 2026, to August 31, 2026.The management of Euro Pratik Sales Limited specified that no unpublished price sensitive information will be discussed during the gathering.EUROPRATIK Stock Price Movement Shares of Euro Pratik Sales Limited today slipped by 2.73% to close...

Magson Retail Allots 3,89,140 Equity Shares Following Conversion of Convertible Warrants Magson Retail And Distribution Limited has approved the allotment of 3,89,140 Fully Paid-up Equity Shares following the conversion of Convertible Equity Warrants. The transaction, confirmed by the company's Board of Directors on August 25, 2026, involved a Promoters Group entity, United Friends Ventures LLP.The allotment pertains to the exercise of warrants that were previously issued by the company in a preferential manner. The conversion sees United Friends Ventures LLP allotting 3,89,140 equity shares.The details of the conversion and the respective allottee are provided below:Name of the AllotteeCategoryNumber of Warrants ConvertedNo. of...

Iris Clothings Limited Receives In-Principle Approval for Preferential Issue of Equity Shares Iris Clothings Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a preferential allotment of equity shares to non-promoter category members. The issue pertains to 77,08,183 equity shares, with a face value of INR 2/- each, and the transaction value totaling INR 32,12,00,000.The preferential issue has been structured for non-cash consideration. The company has secured the necessary in-principle approval for the proposed issue, as communicated by the Exchange.Key details regarding the preferential allotment are summarized below:Financial ParameterDetailsNumber of Equity...

<h1>Kundan Minerals and Metals Approves AGM Date, Appoints Scrutinizer and VCM Facilitator</h1>Kundan Minerals and Metals Limited, formerly known as Eastern Sugar & Industries Limited, announced key outcomes from its Board of Directors meeting held on Tuesday, August 25, 2026. The Board meeting, which commenced at 4:00 PM and concluded at 5:00 PM, approved several critical corporate matters, including the Board’s Report and the schedule for the upcoming Annual General Meeting (AGM).During the meeting, the Board duly considered and approved the company’s Board's Report, the Corporate Governance Report, the Management Discussion and Analysis Report, and the notice for the AGM pertaining to the financial year ending March 31, 2026...

Share India Securities Adjourns Non-Convertible Debentures Meeting Due to Quorum Issue Share India Securities Limited has announced the adjournment of the meeting for holders of its Non-Convertible Debentures (NCDs). The meeting, which was scheduled for August 25, 2026, was adjourned because the requisite quorum was not present.The affected debentures include 'Series A NCDs' (ISIN: INE932X07023) and 'Series B NCDs' (ISIN: INE932X07015).Following the adjournment, Share India Securities Limited has set the adjourned meeting for Tuesday, September 01, 2026. The meeting is scheduled for 04:00 p.m. and will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The company stated that the businesses to be transacted at...

Siyaram Silk Mills Approves Allotment of Preference Shares Under Scheme of Arrangement Siyaram Silk Mills Limited announced that its Allotment Committee approved the allotment of Preference Shares to all equity shareholders of the company. The approval was granted on August 25, 2026, following the Scheme of Arrangement that was previously approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, on July 21, 2026.The allotment, which is made by way of bonus, covers two distinct series of preference shares. These shares were allotted to each equity shareholder whose name was recorded in the company's register of members or the records of the concerned depository as of the Record Date, August 22, 2026.Under the terms of the...

Infosys Report Highlights AI ROI Gap, Finding Value Primarily in Operations and Cost Savings Infosys released a new research report, "The AI ROI Gap: Turning Ambition Into Enterprise Value," revealing a growing disconnect between executive expectations for Artificial Intelligence (AI) and the realized return on investment (ROI) across organizations.The research found that while companies are heavily investing in AI, many are struggling to demonstrate tangible returns. Infosys surveyed over 1,000 U.S. senior executives at large companies regarding the evaluation, scaling, and governance of AI initiatives.The study indicates that the difficulty lies not in a lack of value generation, but often in focusing on the wrong metrics. While...

Ornge Achieves Paperless Maintenance Operations Through Implementation of Ramco's Digital Task Card and Mobile Apps Enterprise aviation software provider Ramco Systems Canada Inc., a subsidiary of Ramco Systems Limited, announced that its customer, Ornge, has successfully transitioned to a paperless workflow across all its maintenance bases. The rollout involves Ramco's Digital Task Card with eSign-off and the Mechanic Anywhere Mobile Application for Ornge's AW-139 and PC-12 fleets.The implementation marks a major milestone in Ornge's digital transformation, replacing paper-based task cards with a fully mobile-enabled process for maintenance execution. Ramco's eSign-off solution is specifically designed to meet Transport Canada's...

Paramount Speciality Forgings Approves Key Appointments, Sets AGM Timeline Paramount Speciality Forgings Limited, formerly Paramount Speciality Forgings LLP, has finalized several corporate decisions following its Board meeting on August 25, 2026. The Board meeting included the approval of the annual reports and the re-appointment of a key executive director.During the meeting, the company approved the draft Board’s Report and the Annual Report for the Financial Year ended March 31, 2026. Additionally, the Board reviewed and accepted the Cost Audit Report, which was received from M/s. Jitendrakumar & Associates, Cost Accountants, for the same financial period.Key operational and corporate actions approved at the meeting include the...

BMW Ventures Limited Appoints Mrs. Sabita Devi Kishorepuria as Executive Director BMW Ventures Limited announced the appointment of Mrs. Sabita Devi Kishorepuria as an Executive Director. The appointment was made following the company’s 32nd Annual General Meeting, which took place on August 24, 2026.Mrs. Sabita Devi Kishorepuria was appointed for a term of five consecutive years. Her tenure begins with effect from May 27, 2026.The company profile noted that Mrs. Kishorepuria, who has been associated with BMW Ventures Limited since October 1994, holds a Matriculation degree from Patna University. Her responsibilities include overseeing operations and Corporate Social Responsibility initiatives within the company.The key details of...

Ganesh Potdar Resigns as Whole-time Director of Lasa Supergenerics Limited Lasa Supergenerics Limited announced the resignation of Mr. Ganesh Potdar from his post as an Additional Director, who also served in the capacity of Whole-time Director of the company.The resignation was made effective from the closing hours of Tuesday, August 25, 2026.Mr. Potdar tendered his resignation citing personal commitments as the reason for his departure from the role.The departure details pertain to the position of Additional Director in capacity of Whole-time Director of Lasa Supergenerics Limited.Omkar Pravin Herlekar, the Chairman and Managing Director of Lasa Supergenerics Limited, is associated with the company.LASA Stock Price Movement...

Cartrade Tech Limited CEO Resigns; Management Pledges Continuity in Consumer Business Cartrade Tech Limited announced the resignation of Mr. Banwari Lal Sharma, Chief Executive Officer - Consumer Business. Mr. Sharma tendered his resignation, effective August 25, 2026, to pursue new opportunities.The company confirmed that the leadership team will ensure continuity in the Consumer Business, which will continue under the strategic guidance of Mr. Vinay Sanghi, Chairman and Managing Director.The details concerning the change in Senior Management Personnel are as follows:DetailInformationReason for ChangeResignation of Mr. Banwari Lal Sharma, Chief Executive Officer - Consumer Business, to pursue new opportunities.Date of...

TechEra Engineering Secures Domestic Order for Aircraft MRO Equipment TechEra Engineering (India) Limited, a specialized precision engineering company serving the Aerospace and Defence ecosystem, has secured a commercial order for the supply, installation, commissioning, and training related to Aircraft MRO equipment.The contract was awarded by a private domestic entity and carries a value of Rs. 1,42,94,045/- (Excluding GST). The total execution period for the order is set at 16 weeks.The contract details confirm that the order is domestic and commercial in nature. Furthermore, the company confirmed that the transaction does not involve the promoter or promoter group having any interest in the awarding entity, and the order is not...

Dabur India Limited: Delhi High Court Re-notifies Matter Pertaining to FSSAI Food Product Prohibition Dabur India Limited has received an update from the Delhi High Court regarding a matter concerning an FSSAI prohibitory order related to its food products.The company had previously received an order from FSSAI on August 03, 2026, which prohibited the use of '100%' in several of Dabur's food products and restricted the sale of such items. The company had secured a stay from the Hon'ble Delhi High Court on August 07, 2026, against the said prohibitory order.The Delhi High Court held a hearing on August 24, 2026, and re-notified the matter. According to the court update, the next date of hearing has been listed for December 16, 2026...

Varun Beverages Expands through New RTD Subsidiary and Tunisian Joint Venture Varun Beverages Limited has announced significant strategic diversification, approving the incorporation of a wholly-owned subsidiary in India and a joint venture company in Tunisia to expand its operational footprint.The Board of Directors of Varun Beverages Limited approved the incorporation of a new entity in India focused on Ready to Drink (RTD) and alcoholic beverages, as well as a joint venture in Tunisia aimed at beverage production and distribution. The company also announced the appointment of Mr. Prathmesh Mishra as the CEO and Managing Director of the new Indian subsidiary.Launching KIVA Spirits and Company Limited in India The new wholly-owned...