Markets

Texmaco Rail Signs Strategic MoU with Belgian Company for ETCS and Kavach Development Texmaco Rail & Engineering Limited has executed a Memorandum of Understanding (MOU) with The Signalling Company NV (TSC), based in Belgium. This strategic agreement aims to establish a collaboration concerning ETCS solution development, specifically focusing on the contemplated Kavach integration within the Indian market.The MOU outlines the initial intent for both parties to collaborate on the technical aspects of the ETCS solution. Texmaco Rail and TSC intend to negotiate and execute a definitive agreement detailing the complete scope of this partnership.Key details regarding the Memorandum of Understanding, as provided by the company, indicate...

Rupa & Company Limited Releases Quarterly Financial Results; Approves Key Personnel Changes and Sub-Unit Divestment Rupa & Company Limited has announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company’s Board of Directors approved various corporate actions during the meeting held on August 10, 2026, including the appointment of new key managerial personnel and the approval of a divestment of its investment in Oban Fashions Private Limited.The standalone financial results were reviewed by M/s Singhi & Co., Statutory Auditors. The company confirmed that the unaudited consolidated results include subsidiaries such as Imoogi Fashions Private Limited, Euro Fashion Inners...

Vaxtex Cotfab Reports Unaudited Financial Results for Quarter Ended June 30, 2026 Vaxtex Cotfab Limited has announced the unaudited financial results for the quarter ending June 30, 2026, following a board meeting held on August 10, 2026. The company's performance metrics are detailed in the provided statement of financial results, which were approved by the Board of Directors and reviewed by the Audit Committee.The unaudited results for the quarter ending June 30, 2026 reflect a specific set of income and expense figures. Total Income stood at 237 Lakhs during the reported period.Financial Snapshot (In Lakhs) The following table presents key financial data points from Vaxtex Cotfab Limited's unaudited results for the quarter ending...

Global Pharma Major Lupin Receives U.S. FDA Approval for Sodium Zirconium Cyclosilicate Oral Suspension Mumbai: Global pharmaceutical major Lupin Limited announced that it has secured approval from the U.S. Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application (ANDA) pertaining to Sodium Zirconium Cyclosilicate for Oral Suspension. The approval covers both 5 g/packet and 10 g/packet formats of the drug.The U.S. FDA has confirmed that Lupin's Sodium Zirconium Cyclosilicate is bioequivalent to the reference listed drug (RLD), Lokelma®, which is manufactured by AstraZeneca Pharmaceuticals LP. This medication is indicated for the treatment of hyperkalemia in adults.This approval arrives as an estimated market...

United Polyfab Gujarat Limited Announces Q1 Financial Results for June 30, 2026 United Polyfab Gujarat Limited released its unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the company’s Statutory Auditors and approved by the Board of Directors in a meeting held on August 10, 2026.The financial performance details, covering both standalone and consolidated figures, have been disclosed. The company reported a profit for the quarter, as detailed below:Financial MetricStandalone (Rs. Lakh)Consolidated (Rs. Lakh)Revenue from Operations17,985.1917,985.19Total Income18,021.6018,021.60Total Expenses17,185.85N/A*Profit (Loss) for the period781.65592.84Consolidated expense...

KMEW Wins 5-Year Contract from Paradip Port Authority for Vessel Hiring Knowledge Marine & Engineering Works Limited (KMEW) has secured a significant five-year work order from the Paradip Port Authority (PPA), committing the company to provide specialized marine services and vessel hiring. The contract involves supplying one 25-Knot Speed Patrol-Cum-Chase Boat, along with a full Manning Crew, valued at ₹ 11,41,01,079/- including GST.The agreement underscores KMEW's role in enhancing maritime security infrastructure for the PPA. The vessel deployment is intended to augment PPA's waterfront patrolling capabilities and help Port Security Staff meet the stringent requirements of the ISPS Code, enabling critical marine operations across...

Petro Carbon and Chemicals Limited Announces 19th Annual General Meeting and Book Closure Dates Petro Carbon and Chemicals Limited has announced the details for its 19th Annual General Meeting (AGM). The meeting is scheduled to take place on Friday, September 25, 2026.The AGM will be held at 03:00 P.M., utilizing a Video Conferencing and Other Audio Visual Means (VC & OAVM) platform. This event pertains to the financial year that ended on March 31, 2026.In preparation for the annual general meeting, the Company has also designated a period of book closure. The Register of Members and Share Transfer Books of Petro Carbon and Chemicals Limited will remain closed from Saturday, September 19, 2026, until Friday, September 25, 2026. This...

HLE Glascoat Approves Q1 Financial Results and Holds Board Meeting HLE Glascoat Limited has announced the outcome of its Board Meeting held on August 10, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a Limited Review Report by auditors. Additionally, the meeting included approvals regarding the forthcoming Annual General Meeting (AGM) and matters concerning director continuity.The Board of Directors also reviewed and sanctioned the notice for the company's 35th Annual General Meeting. The agenda for the AGM includes business items set out in the Notice, with authorization granted to Executive Directors to finalize the date, time, venue, and mode of...

Manglam Infra & Engineering Approves Annual General Meeting Notice and Updates Board Policies Manglam Infra & Engineering Limited's Board of Directors held a meeting on August 10, 2026, during which several key operational outcomes were finalized. The Board approved the notice for the Third (3rd) Annual General Meeting (AGM) and sanctioned updates to various company policies.Key decisions made by the Board included the approval of all annexures along with the Board's Report for the financial year ending March 31, 2026.The Notice of the upcoming AGM was approved and is scheduled to be held on Friday, September 11, 2026. The meeting will utilize Video Conferencing (VC) or Other Audio Visual Means (OAVM). Furthermore, the company...

RBI Floods Market with ₹32,000 Crore Government Securities in Mega-Auction The Reserve Bank of India (RBI) has announced a massive offering of sovereign debt, scheduling an auction for four distinct types of Government of India Dated Securities. This significant issuance totals a notified amount of ₹32,000 crore, aimed at strengthening the nation's financial stability and providing opportunities across various tenors to institutional and retail investors.The securities are set to be sold through the RBI Mumbai Office, Fort, Mumbai. The auction is scheduled for Friday, August 14, 2026, with settlement and payment due on Monday, August 17, 2026.Detailed Breakdown of Government Securities Offerings RBI has put forward four distinct...

JK Tyre Achieves Significant Growth in FY 2025-26; Highlights Innovations, Sustainability Efforts JK Tyre & Industries Limited reported substantial growth across its operations for the fiscal year 2025-26, driven by strategic investments, premiumization efforts, and major technological advancements. The company’s performance reflected its ethos: "Bolder. Bigger. Stronger."Consolidated revenues increased by 11% to ₹16,384 crore in FY 2025-26. EBITDA saw a rise of 25%, reaching ₹2,089 crore, while Profit After Tax (PAT) grew by 50%, amounting to ₹74 crore.Operational Expansion and Investment The company continued its commitment to capacity enhancement through significant capital allocation. Projects with an outlay of ₹1,400 crore were...

VL E-Governance Reports Q1 FY2026-27 Results: Costs Controlled While Company Explores Large-Scale EPC and E-Governance Opportunities VL E-Governance & IT Solutions Limited has provided an update on its first quarter of fiscal year 2026-27, showcasing disciplined cost management amid continued operational challenges. The company continues to maintain a debt-free status while actively pursuing several large government contracts across the e-Governance, infrastructure, and technology sectors.The results were reviewed during the Board Meeting held on August 10, 2026, following the close of Q1 for the quarter ending June 30, 2026.Financial Performance Highlights The company's Key Profit & Loss Statement Items show a trend in operational...

RBI Slaps ₹50,000 Penalty on Amravati District Central Co-operative Bank for Critical Compliance Failures The Reserve Bank of India (RBI) has imposed a significant monetary penalty on The Amravati District Central Co-operative Bank Ltd., Maharashtra. The action was taken following supervisory findings related to crucial failures in regulatory adherence concerning 'Know Your Customer (KYC)' procedures and the management of SMS alert charges.The RBI issued the order on August 6, 2026. The penalty amounts to ₹50,000 (Rupees Fifty Thousand only). This action underscores the central bank's commitment to strict regulatory compliance across the banking sector.Violations Cited: KYC and SMS Charge Irregularities The RBI determined that the...

Jindal Stainless Limited Announces 46th AGM and Releases Integrated Annual Report for FY2025-26 Jindal Stainless Limited (JSL) has announced the details of its 46th Annual General Meeting (AGM), alongside the release of the Integrated Annual Report for the Financial Year 2025-26.The AGM is scheduled to be held on Wednesday, September 02, 2026, at 12:00 Noon (IST). The meeting will be conducted via Video Conference (VC) or other Audio Visual Means (OAVM). This general meeting pertains to the business outlined in the Notice of the AGM dated August 5, 2026.In adherence to corporate reporting requirements, Jindal Stainless Limited has disseminated the Notice of the AGM and the Integrated Annual Report for the Financial Year 2025-26...

Monarch Networth Capital Reports Quarterly Results and Clarifies Typographical Error in Financial Statements Monarch Networth Capital Limited (MNCL) has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Company also issued a clarification regarding a typographical error noted in the previously submitted Consolidated Financial Results.The clarification addressed an inadvertent typo within the 'STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026'. MNCL confirmed that the letter 'P' mentioned at Sr. No. II on Page No. 8 was intended to be 'Other Income'. The Company stated that this correction is purely typographical and does not alter the...

Manoj Vaibhav Gems 'N' Jewellers Limited Announces Board Meeting Outcomes and Releases Quarterly Financial Results Manoj Vaibhav Gems 'N' Jewellers Limited announced several key outcomes from its Board of Directors meeting held on August 10, 2026. The company approved the unaudited financial results for the first quarter ended June 30, 2026, and confirmed the re-appointment of several senior management personnel and the statutory auditors.The Board meeting resulted in the approval of the Unaudited Financial Results for the 1st quarter ended June 30, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.In terms of corporate governance updates approved during the meeting, M/s Sagar...

Zodiac Clothing Company Limited reports voluntary liquidation of Delaware subsidiary Zela Technologies Inc. Zodiac Clothing Company Limited has confirmed that the voluntary liquidation application for its stepdown subsidiary, Zela Technologies Inc., has been approved by the authorities in Delaware on August 7, 2026. The approval was conveyed to the company on August 10, 2026.The subsidiary, Zela Technologies Inc., underwent this voluntary liquidation process. Financial details regarding the undertaking as of March 31, 2026, have been disclosed.A summary of the financial standing and operations of Zela Technologies Inc. is provided below:MetricValue (USD)Equivalent (INR)PercentageRevenue from Operations- 66758,9050.01%Net...

Committed Cargo Care Completes Warrant Conversion, Allots 41 Lakh Equity Shares Committed Cargo Care Limited announced on August 10, 2026, that its Fund-Raising Committee approved and completed the allotment of equity shares consequent to the conversion of warrants. This transaction resulted in an increase in the company’s issued and paid-up capital.The decision formalized the allocation of 41,09,160 equity shares, each having a face value of Rs. 10/- and being offered at an issue price of Rs. 81/-, including a premium of Rs. 71/- per share. This allotment was made to various warrant holders belonging to the Promoter/Promoter Group and Non-Promoters/Public Category on a preferential basis.The funds generated from this conversion...

Energy Development Company Releases Quarterly Financial Results; Auditors Note Adverse Issues in Standalone and Consolidated Statements Energy Development Company Limited announced the approval of its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were taken on record by the Board of Directors, accompanied by a qualified review report from independent auditors, which drew attention to several critical matters concerning the company’s assets and liabilities.The financial statements presented a picture of varying performance across the parent company and its associated entities.Standalone Financial Performance (Quarter ended 30 June, 2026) According to the Unaudited Standalone...

Lumax Auto Technologies Reports Q1FY27 Results with 33% Revenue Growth and Enhanced Profitability Gurugram, August 10, 2026 - Lumax Auto Technologies Limited, a prominent automotive component manufacturer (NSE: LUMAXTECH, BSE: 532796), announced its Unaudited financial results for the first quarter ended June 30, 2026. The company reported strengthening growth driven by technology-led expansion, portfolio diversification, and operational excellence across key segments.Financial Highlights Show Strong Upward Trajectory The consolidated financial performance in Q1FY27 reflected significant improvements across revenue and profitability metrics compared to Q1FY26. Revenue from operations grew by 33% year over year (YoY) to ₹1,364 crore...