Markets

CIE Automotive India Sells 27.89% Stake in Ojaha Renewables for Rs. 1,62,00,000 CIE Hosur Limited, a wholly owned subsidiary of CIE Automotive India Limited, has completed the divestment of its stake in Ojaha Renewables Private Limited (ORPL). The company sold all 2,02,500 equity shares of ORPL to CSE Development (India) Private Limited for a consideration of Rs. 1,62,00,000.The sale concludes the previous investment made by CIE Hosur Limited in Ojaha Renewables Private Limited. Originally, CHL had subscribed up to 27.89% of the equity share capital of ORPL through a Share Subscription and Shareholders Agreement (SSSHA) on January 29, 2024. This investment was intended to support ORPL’s procurement of green energy from captive solar...

Smartworks Acquires Singapore Flex Space Provider to Expand Asian Footprint Smartworks Coworking Spaces Limited has approved the acquisition of WorkStudio Spaces Pte. Ltd., a flex space provider, aiming to significantly bolster its presence in the international business hub of Singapore. The decision was ratified by the company's Audit Committee and Board of Directors during meetings held on June 25, 2026.The acquisition involves Smartworks Space Pte. Ltd., a wholly-owned subsidiary of the company. Upon finalizing the transaction, WorkStudio Spaces Pte. Ltd. will become a step-down subsidiary of Smartworks Coworking Spaces Limited. The purchase is intended to expand the company's coworking and flex space portfolio in Singapore, which...

Dhanuka Agritech Completes Buyback, Extinguishing 5 Lakh Equity Shares Dhanuka Agritech Limited has completed the extinguishment of five lakh fully paid-up equity shares following a successful buyback transaction. The company confirmed that 500,000 shares, each having a face value of Rs. 2, were extinguished after being accepted under the purchase offer.The buyback resulted in a change in the company's share capital structure and was confirmed by necessary regulatory bodies and registrars.Capital Structure Reconciliation The extinguishment of these equity shares led to specific adjustments in the company’s issued and paid-up share capital, which is detailed below:ParticularsNo. of Equity SharesAmount (in Rs.)Pre...

RPSG Ventures Acquires Clarionix Healthcare; Launches Scheme Merging WMHL and Transferring Hospital Business RPSG Ventures Limited announced two major corporate actions: the acquisition of 100% equity in Clarionix Healthcare Private Limited, establishing a new subsidiary focused on medical services, and the launch of a composite scheme involving Woodlands Multispeciality Hospital Limited (WMHL) aimed at integrating hospital operations into the company structure.The Board of Directors approved the details of the strategic acquisitions and arrangements, which are subject to receiving necessary approvals from regulatory authorities including the National Company Law Tribunal (NCLT) and relevant stock exchanges.Acquisition of Clarionix...

Pokarna Limited Reaffirms Disclosure Compliance Amid Stock Price Queries Pokarna Limited has addressed queries from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE) concerning the movement in its scrip's price. The company stated that it maintains a consistent record of disclosing all material information pertaining to the operations and performance of Pokarna Limited.The clarification was provided in response to surveillance requests received from both exchanges regarding the stock's recent volatility.Pokarna Limited asserted that it has consistently disclosed all necessary material events and operational details to the stock exchange(s) within the mandated timeframe, adhering to relevant Listing...

Aster DM Healthcare Fixes Record Date for Amalgamation with Quality Care India Limited Aster DM Healthcare Limited has set July 9, 2026, as the official Record Date to determine the entitlement of shareholders of Quality Care India Limited (QCIL) under their Scheme of Amalgamation. The decision was made following a Board meeting held on June 25, 2026, relating to the amalgamation with QCIL.The company confirmed that its Board took on record the order issued by the National Company Law Tribunal (NCLT), Hyderabad Bench, dated June 19, 2026, which approved the Scheme of Amalgamation between Aster DM Healthcare Limited and Quality Care India Limited.In accordance with the terms outlined in the Scheme, the Board fixed July 9, 2026, as...

Dhara Rail Projects Limited Secures Order from Railway Division for Component Maintenance Dhara Rail Projects Limited has secured a significant work order related to railway component maintenance and overhauling, valued at Rs. 2,13,55,896.27/- (including GST).The contract was awarded by the Sr. Divisional Electrical Engineer/TRD of the Agra Division Electrical at the DRM office complex in Agra. The project involves the maintenance, repair, and overhauling of components—specifically those apart from the diesel engine—for 4 W and 8 W Tower Wagons belonging to NC Railway.The contract is set for a duration of 24 months.Commercial Details of the Contract The order pertains to work provided by a domestic entity to Dhara Rail Projects...

Castrol India Limited updates authorized Key Managerial Personnel details Castrol India Limited has updated and provided the key managerial personnel (KMPs) authorized for determining the materiality of events or information and for making disclosures to stock exchanges.The updated details specify the roles and contact numbers for critical management functions within the company.Key Management Personnel DetailsKey Managerial PersonnelContact NumberChief Financial Officer (CFO)+91 22 71777111Managing Director - in absence of CFO+91 22 71777111CASTROLIND Stock Price Movement Shares of Castrol India Limited slipped by 1.27% on Thursday, settling at ₹185.37 following a modest decline from the previous close. The equity was...

Nutan Gaba Patwari steps down as CFO of Home First Finance Company India Limited Home First Finance Company India Limited (HFFCIL) has announced that Ms. Nutan Gaba Patwari, Chief Financial Officer and a Key Managerial Personnel of the company, is stepping down from her senior roles to pursue the next phase of her professional journey. The resignation will be effective from the close of business hours on August 31, 2026.Ms. Patwari will cease to be the CFO, KMP, and SMP (Senior Management Personnel) of the company upon the aforementioned date.Following her stepping down from the Chief Financial Officer role, Ms. Patwari has agreed to support Home First in a non-KMP, non-operating, time-bound advisory capacity focused on investor...

Mukka Proteins Completes Acquisition of 51% Stake in Delta Marine Products for Strategic Expansion Mukka Proteins Limited has completed the acquisition of a controlling stake in Delta Marine Products, Partnership Firm. The strategic move was finalized on June 25, 2026, involving an investment amounting to Rs. 11,10,00,000/- (Rupees Eleven Crores Ten Lakhs Only).The company acquired a 51% stake in Delta Marine Products through capital contribution. This acquisition is part of Mukka Proteins Limited's strategic investment plans aimed at expanding its core business and optimizing operational processes. The move seeks to improve production efficiency and achieve broader market reach for the listed entity.Delta Marine Products, which...

Raymond Lifestyle Limited to Hold 8th Annual General Meeting and Release FY2025-26 Annual Report Raymond Lifestyle Limited announced that its 8th Annual General Meeting (AGM) for shareholders will be held on Tuesday, July 14, 2026. The meeting is scheduled at 03:30 P.M. (IST) and will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM).The company has also made available the Annual Report for the Financial Year 2025-26. For shareholders who have not registered their email addresses with the Company, Depositories, or the Registrar & Share Transfer Agent, specific access details and web links for the Annual Report have been provided.The Annual Report for FY2025-26 can be accessed through various channels...

Deccan Cements Limited Allots Various Debentures in Board Meeting Transaction Deccan Cements Limited announced the outcome of its Board of Directors meeting held on June 25, 2026. During the meeting, the company allotted multiple tranches of debentures, including compulsory convertible debentures (CCDs) and two series of non-convertible debentures (NCDs).The company executed the allotment across three categories of securities. The transactions relate to unlisted and unrated instruments, as detailed below:Instrument TypeQuantity AllottedFace Value Per UnitTotal Aggregation AmountUnsecured CCDs14,40,559INR 715/-INR 102,99,99,685/-Series A NCDs (Secured)15,000INR 1,00,000/-INR 150,00,00,000/-Series B NCDs (Secured)40,700INR...

Rana Sugars Limited announces resignation of Group HR Head Dr. Raju Foujdar Rana Sugars Limited has announced that Dr. Raju Foujdar, who served as the Group HR Head and Senior Management Personnel (SMP), has resigned from the company. The cessation of his service is effective as of June 25, 2026.The resignation was attributed to personal reasons and commitments.Details regarding this change in Senior Management Personnel have been recorded by the company.A summary of the personnel change is presented below:DetailDescriptionReason for ChangeResignationDate of Cessation25th June, 2026Brief ProfileNot ApplicableDisclosure of relationships between directorsNot ApplicableRANASUG Stock Price Movement Shares of Rana...

Gretex Industries Gains RBI Prior Approval for Change in Management Pertaining to NBFC Arpan Tie Up AcquisitionGretex Industries Limited has received prior approval from the Reserve Bank of India (RBI) concerning a Change in Management related to its proposed acquisition of National Business Finance Company (NBFC) Arpan Tie Up Pvt. Ltd. The approval was granted by the RBI via its letter dated June 25, 2026.The approval covers the Change in Management aspect of the transaction. However, Gretex Industries Limited stated that the clearance for the Change in Control is still pending and remains awaited from the Reserve Bank of India.GRETEX Stock Price Movement Shares of Gretex Industries Limited settled unchanged at ₹265 following the...

Plaza Wires Secures Rs 4.81 Crore Loan from Punjab National Bank for Working Capital Needs Plaza Wires Limited has entered into a loan agreement with Punjab National Bank (PNB) to secure financing for its business operations. The transaction, executed on June 25, 2026, involves the company obtaining a Working Capital Loan (WCTL).The loan is specifically intended to assist in the Company's daily business needs under the Emergency Credit Line Guarantee Scheme 5.0.Plaza Wires Limited secured the agreement from PNB, with the financial details of the transaction summarized as follows:AspectDetailsBorrowerPlaza Wires LimitedLenderPunjab National BankDate of ExecutionJune 25, 2026Purpose of LoanWorking Capital Loan (WCTL)...

Sammaan Capital Limited Makes Timely Interest Payments on Secured and Unsecured Non-Convertible DebenturesSammaan Capital Limited has completed the timely payment of interest amounts related to its Secured Redeemable Non-Convertible Debentures and Unsecured Redeemable Non-Convertible Debentures, which were issued through a Public Issue.The company provided details concerning these payments, confirming that the entire interest amount for both series of debentures was paid as scheduled. These debentures are listed on the Stock Exchanges.Details regarding the two tranches of debt, including issue size and payment specifics, are as follows:ISINIssue Size (INR lacs)FrequencyInterest Amount Due (INR lacs)Actual Payment DateLast...

Government Raises Over ₹2,100 Crore via IRFC Share Sale; Investors Show Strong Faith in Railway PSU Retail Enthusiasm Drives State-Owned IRFC Share Sale to Raise Funds The government successfully completed the Offer For Sale (OFS) of shares in the Indian Railway Finance Corporation (IRFC). This move generated approximately ₹2,100 crore for the public exchequer.Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla confirmed the successful sale on Thursday. He stated that a total of 22.88 crore shares were sold to minority shareholders across two trading days. The combined proceeds from investors amounted to an estimated ₹2,084 crore.Chawla expressed gratitude to all participating investors for their...

Bandhan Bank Appoints Debasish Panda as Non-Executive Chairman and Independent Director Bandhan Bank Limited announced significant changes following a recent Board meeting, confirming the appointment of Mr. Debasish Panda to multiple senior roles. The bank also noted the impending conclusion of Dr. Anup Kumar Sinha’s tenure as Non-Executive Part-Time Chairman and reviewed its current capitalization status.The appointments were approved by the Bank's Board of Directors during a meeting held on June 25, 2026.Key Appointments and Roles Mr. Debasish Panda was appointed by the Board of Directors to hold several senior positions within the bank, effective July 05, 2026. These roles include:Additional Director (Independent) on the Board...

Microsoft to Raise Xbox Console Prices by $100 Amid Soaring AI Chip Costs Microsoft announced Thursday that it will be increasing the price of its Xbox video game consoles globally starting August 1, citing a surge in component costs driven primarily by artificial intelligence (AI) technology. The pricing adjustments represent a significant shift for the gaming division, marking the third such hike following increases in May 2025 and a prior adjustment limited to the United States.Price Hikes Detailed for Xbox Consoles In the United States, the Series S console is set to increase to $500 this summer. The premium Series X model will see its price rise up to $800. Details regarding pricing for Europe have yet to be released, although...

Vedanta Surges in Fiscal Discipline, Contributing Rs 62,722 Crore to Exchequer as Operations Hit Historic High Diversified natural resources giant Vedanta Ltd has announced a substantial contribution of Rs 62,722 crore to the exchequer for the financial year 2025-26. This significant payment registers an impressive 13.3 per cent increase compared to the previous fiscal year.The contribution underscores Vedanta’s exceptionally strong financial trajectory, driven by a historic-best performance across its global operations portfolio. The company highlighted this achievement in its 11th tax transparency report.Pillar of Economic Development: Contribution Details Vedanta confirmed that the Rs 62,722 crore contribution represents 36 per...