Markets

Zodiac Clothing Company Ltd Revises Intimation Regarding Voluntary Liquidation of SubsidiaryZodiac Clothing Company Limited has released a revised disclosure concerning the voluntary liquidation of Zela Technologies Inc., a stepdown subsidiary of the company. This update follows the approval of the liquidation application by the Delaware Authorities on August 7, 2026. The revision provides corrected details regarding the Net Worth percentage of the subsidiary as of March 31, 2026.The necessary information is provided in an annexure detailing the financial status and specifics related to the winding up process.As per the disclosure, Zela Technologies Inc., a wholly-owned indirect subsidiary, recorded specific figures for the last...

Soni Medicare Ltd. Announces Board Meeting to Approve Q1 Financial Results and Auditor Review Report Soni Medicare Ltd. has scheduled a meeting of its Board of Directors to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The meeting is set to take place on Friday, August 14, 2026, at the company's registered office in Jaipur.The agenda for the Board includes considering and taking on record the unaudited Financial Results of the company for the quarter ended on June 30, 2026, along with the limited review report provided by the auditor. The board meeting will also include any other matters with the permission of the chairman.In a related update concerning market practices, Soni Medicare...

AksharChem India Announces Retirement of General Manager (Accounts), Mr. Sunil RaneAksharChem India Ltd. has announced that Mr. Sunil Rane, its Senior Management Personnel, has retired from the services of the company. Mr. Rane held the position of General Manager (Accounts).The retirement took effect as of the closure of business hours on August 11, 2026.Mr. Rane's departure details are summarized below:ParticularsDetailsName of Senior Management PersonnelMr. Sunil Rane, General Manager (Accounts) of the CompanyReason for ChangeRetirementDate of CessationClosure of business hours on August 11, 2026AKSHARCHEM Stock Price Movement Shares of AksharChem India Limited are climbing as of 12:13 PM, trading at ₹280.00...

Globus Power Generation Ltd Approves Q2026 Financial Results and Re-appoints Director Abhay Khanna for Five Years Globus Power Generation Limited, formerly known as Globus Constructors & Developers Limited, announced key outcomes of its Board Meeting held on August 11, 2026. The company approved the Unaudited Financial Results for the Quarter ended June 30, 2026, and ratified the re-appointment of Mr. Abhay Khanna as a Whole Time Director for a five year period.The board meeting, which was conducted via virtual video conferencing facility, considered several material items, including the results review and director appointment, following recommendations from the Nomination & Remuneration Committee.Quarterly Financial Performance...

Promoter Releases Pledge on Equity Shares of GLOBE ENTERPRISES (INDIA) LIMITED Bhavik Suryakant Parikh, a promoter in Globe Enterprises (India) Limited, has released the pledge on his equity shares of the company. The release concerns 2,60,00,000 shares which represented 5.77% of the total share capital as of August 10, 2026.The encumbrance was previously held in favor of M/s Comfort Fincap Limited. This transaction marks the formal release of the pledge on these equity holdings.Details regarding the shares and the encumbrance release are provided below:MetricDetailsPromoter NameBhavik Suryakant ParikhCompanyGlobe Enterprises (India) LimitedShares Involved2,60,00,000Percentage Holding5.77%Event TypeRelease of...

Hariom Pipe Industries Limited Announces Resignation of Chief Operations Officer Hariom Pipe Industries Limited has confirmed that Mr. Sanjay Madanlalji Bhansali has resigned from his position as Chief Operations Officer (COO) and Senior Management Personnel. The resignation is effective from the close of business hours on August 10, 2026.The company reported that Mr. Bhansali tendered his resignation due to personal reasons.Key details regarding the change in management personnel are summarized below:ParticularsDetailsPositionChief Operations Officer (COO) and Senior Management Personnel (SMP).Reason for ChangeResignation due to personal reasons.Cessation DateAugust 10, 2026.The company noted that Mr. Bhansali's...

Megamont Ltd Reschedules Board Meeting to Approve Q1 Financial Results Megamont Ltd, previously known as V.R.-Woodart Limited, has rescheduled its Board of Directors meeting to address the approval of its unaudited financial results for the quarter ended June 30, 2026. The board meeting, which was originally set for Wednesday, August 12, 2026, is now scheduled for Friday, August 14, 2026.The primary agenda item for the rescheduled meeting is to consider and approve the unaudited Standalone and consolidated Financial Results of the company for the quarter ended June 30, 2026.In addition to the board meeting update, the company specified that the 'Trading Window' for dealing in Megamont Ltd securities will remain closed until the...

Updater Services Ltd Restructures Senior Management: Saravanan C.R. Elevated to Chief Growth Officer, Rajeev Bhardwaj Appointed COO Updater Services Ltd has announced significant changes in its senior management structure as part of an organizational restructuring aimed at capitalizing on industry transformation and creating growth opportunities within the integrated facilities management (IFM) sector. The changes, effective August 12, 2026, involve a role change for Mr. Saravanan C.R. and the appointment of Mr. Rajeev Bhardwaj as the new Chief Operating Officer (COO).Mr. Saravanan C.R. Becomes Chief Growth OfficerMr. Saravanan C.R., who has been associated with Updater Services since 2016, will transition from his role as Chief...

Geared for Global Markets: MSME and DPIIT Launch 'Bharat GI' Initiative to Turbocharge Commercialization of Indian Heritage Products The government has taken a major stride toward unlocking the immense economic potential inherent in India’s rich heritage of Geographical Indication (GI) products. The Ministry of Micro, Small and Medium Enterprises (MSME) and the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, formally signed a groundbreaking Memorandum of Understanding (MoU).The partnership was sealed on August 5, 2026, at Vanijya Bhawan in New Delhi. The MoU signing ceremony saw key officials from both organizations present to emphasize the commitment toward commercializing...

Optiemus Infracom Completes Preferential Allotment through Warrant Conversion; Equity Capital Increases Optiemus Infracom Limited has completed a preferential allotment of equity shares, resulting from the conversion of Fully Convertible Warrants. The company's Board of Directors approved this allotment, allotting 1,67,250 Equity Shares of face value Rs. 10/- each. These shares were issued through a private placement basis to three Non-Promoter entities.The warrants, which were originally allotted on February 08, 2025, at an issue price of Rs. 672.25/- per share, aggregated to a total value of Rs. 11,24,33,812.50/- for the allotment. The allottees—all classified under the Non-Promoter Category—were Jalan Chemical Industries Private...

Molbio Diagnostics IPO Fully Subscribed on Day Two; Grey Market Premium Signals Massive Listing Surge Goa-based point-of-care molecular diagnostics company, Molbio Diagnostics, witnessed a robust display of investor interest as its initial public offering (IPO) achieved complete subscription by 10:30 am on August 11. The IPO generated significant demand, solidifying the market's confidence in the growing diagnostic sector.The Rs 940-crore IPO received bids for approximately 89,13,438 equity shares against the offered amount of 81,58,529 lakh shares. Non-institutional investors led the demand with a subscription rate of 1.16 times, while the retail portion was subscribed 1.11 times.IPO Market Demand and Grey Market Premium The issue...

Milky Mist IPO Subscription Surges 20%; GMP Signals Near 15% Listing Premium as Demand Rises The initial public offering (IPO) of Milky Mist Dairy Food is seeing strong investor response on Day one, with the issue achieving a 20 percent subscription as of 11:20 am on August 11. The IPO, which carries a price band of Rs 133-140 per share and totals Rs 1,553 crore, has seen retail investors play a significant role in driving the demand.The subscription numbers show robust interest across investor categories. Retail investors led the enthusiasm, contributing 31 percent to the subscription count. Non-institutional investors (NII) followed closely behind with a 21 percent subscription rate as of this morning's trading data from the...

Bosch Shares Surge as Q1 Net Profit Rises 24% Driven by Segment Demand Growth Bosch shares saw a strong rally on Tuesday, with stocks rising nearly 5 percent after the company reported robust first-quarter results for June of 2026-27. The positive performance was primarily driven by a significant sequential increase in consolidated net profit.The stock traded at Rs 45,170 per share, posting gains of 3.83 percent as investors reacted to the company's earnings disclosure, which was released after market hours the previous session. Bosch’s consolidated net profit rose 24 percent sequentially for the quarter, reaching Rs 705 crore from Rs 568.5 crore in the preceding March quarter.Financial Performance Snapshot: Profit Growth Versus...

Garnet International Completes Forfeiture of 27 Lakh Convertible WarrantsGarnet International Ltd has confirmed that the conversion window for its allotted convertible warrants has expired, leading to the lapse and forfeiture of all 27,00,000 unexercised warrants. The company plans to formally cancel these warrants and transfer the upfront consideration received into the Capital Reserve Account following a board meeting scheduled for August 14, 2026.The allotment was conducted by the Board of Directors at its meeting held on February 10, 2025. A total of 27,00,000 Convertible Warrants were issued at an issue price of ₹131 per Warrant to both Promoter Group and Non-Promoter subscribers. The allotment was made based on the receipt of...

Dhoot Transmission IPO Hits Full Subscription Mark; GMP Surges Nearly 30% Dhoot Transmission's initial public offering (IPO) demonstrated strong market confidence, achieving full subscription status on the second day of bidding. The Rs 3,067-crore issue saw high demand as it was fully subscribed by 10:50 am on August 11, according to data from the National Stock Exchange (NSE).The company offered 2,49,56,363 shares and received bids for 2,91,38,561 shares. This robust demand highlights investor enthusiasm for the industrial conglomerate. The IPO maintained a set price band of Rs 829-Rs 871 per share during the bidding period.IPO Subscription Highlights and Investor Demand Non-institutional investors (NIIs) emerged as particularly...

Piccadily Sugar & Allied Industries Ltd Announces Financial Results, Approves Auditor Appointment and AGM Details Piccadily Sugar & Allied Industries Ltd has provided updates on its quarterly financial performance, announced the appointment of its statutory auditors, and set the dates for its upcoming Annual General Meeting (AGM). These decisions were made during a Board meeting held on August 10, 2026.The company released the Un-Audited Standalone Financial Results for the quarter ending June 30, 2026, accompanied by a Limited Review Report.In a key operational decision, the Board of Directors recommended M/s Rattan Kaur & Associates, Chartered Accountants (Firm Registration No. 022513N), to serve as the Statutory Auditors of...

Markolines Pavement Technologies Announces Board Meeting to Discuss Q1 Results and Audit Report Markolines Pavement Technologies Limited has scheduled a meeting of its Board of Directors to review the company's financial performance and auditor reports for the first quarter of the fiscal year. The board meeting is set to be held on Friday, August 14, 2026.The meeting will take place at the company’s registered office located at 502, Wing A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai, Maharashtra, India.Key items for discussion during the board meeting include:Review and approval of the Unaudited Financial Results pertaining to the quarter ended June 30, 2026. Consideration of the Limited Review Report prepared by the...

Jagatjit Industries Announces Resignation of Chief Financial Officer Jagatjit Industries Ltd has announced the resignation of its Chief Financial Officer (CFO), Mr. Anil Singal. The change in key managerial personnel was noted following Mr. Singal's tendering of his resignation on August 10, 2026.The company management has accepted Mr. Singal’s resignation. The effective date of the resignation is expected to be communicated in due course.Details concerning this change in leadership are as follows:ParticularsDetailsReason for ChangeResignation as Chief Financial Officer (KMP) of the Company.Date of CessationMr. Anil Singal resigned on August 10, 2026.StatusThe resignation has been accepted by the management.The...

Gem Spinners India Ltd Board Meeting Scheduled to Review Q1 Unaudiated Financial Results Gem Spinners India Ltd has announced a meeting of its Board of Directors to consider and approve the unaudited financial results for the first quarter ended June 30, 2026.The board meeting is scheduled for Friday, August 14, 2026. The purpose of the meeting is to review various matters, including the approval of the company's Q1 financial performance.The Board of Directors meeting will be convened at the company's Corporate Office, located at No.78, Cathedral Road in Chennai, beginning at 11:30 a.m.Stock Price Movement Gem Spinners India Ltd settled on Monday at ₹5.00, maintaining the price from the previous close with no change recorded.The...

INFINITY INFOWAY Appoints CS Janvi N. Davda as Secretarial Auditor for 2026-27 Infinity Infoway Limited, formerly known as Infinity Infoway Private Limited, has appointed a Practicing Company Secretary as its Secretarial Auditor for the financial year 2026-27. The Board of Directors of the company approved this appointment during a meeting held on August 11, 2026.The appointment is for CS Janvi N. Davda, who will serve as the Secretarial Auditor. The selection was made by the Board of Directors in accordance with regulatory requirements concerning board decisions.CS Janvi N. Davda is a seasoned Practicing Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). She brings over six years of...