Markets

Asian Hotels (North) Approves Q1 Financial Results and Re-appoints Executive Director Asian Hotels (North) Limited has released the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors held a meeting on August 10, 2026, to approve the results and other corporate matters, including the re-appointment of Mr. Krishna Kumar Acharya as Executive Director.The company also announced that its Annual General Meeting (AGM) is scheduled for Tuesday, September 29, 2026, to be held via Video Conferencing and/or Other Audio Visual Means (VC/OAVM).Q1 Financial Performance Review The financial results show the performance of the company against previous periods. The operating...

KSH International Reports Robust Q1 FY27 Results, Driven by Specialized Wires Growth and Volume Increase KSH International Limited, a leading manufacturer of specialized magnet winding wires, has announced its financial results for the first quarter (Q1) of fiscal year 2027. The company reported significant growth in revenues and profitability, attributing success to strong execution across both specialized and standard wire segments.The Q1 FY27 performance demonstrated high growth metrics, with Revenue from Operations growing 108% compared to Q1 FY26. Profit After Tax (PAT) stood at INR 422.2 million, marking an 86% increase over the previous quarter and 22% higher than the corresponding period in Q4 FY26.The operational strength...

Pitti Engineering Completes Consolidated Capacity Enhancement Following Capital Expenditure Pitti Engineering Limited, formerly known as Pitti Laminations Limited, has announced the completion of its consolidated capacity enhancement following significant capital expenditure initiatives across its manufacturing units and those of its Wholly Owned Subsidiaries.The company had previously informed stakeholders regarding the ongoing capacity additions. The conclusion of this enhanced capacity allows the organization to state its current production capacities in key operational areas.As per the updated figures, the capacities stand as follows:Capacity AreaAchieved LevelUnitSheet Metal Capacity1,08,000MTMachining...

Bikewo Green Tech Limited Allots 4,52,600 Equity Shares and 24 Million Warrants in Preferential Issue Bikewo Green Tech Limited announced the outcomes of its board meeting held on August 10, 2026, confirming the preferential allotment of equity shares and warrants. The allotments were made in accordance with terms established during the Extra Ordinary General Meeting held on July 22, 2026.The company allotted 4,52,600 equity shares at an issue price of Rs. 31/- each, aggregating to a total consideration of Rs. 1,40,30,600/. Simultaneously, 2,42,35,400 equity share warrants were allocated at the same issue price of Rs. 31/- each. The allocation of these warrants represents one tranche totaling Rs. 18,78,24,350/.The terms for both...

CMS Info Systems Reports Record Quarterly Services Revenue of ₹ 625 Cr; EBITDA Margin Expands Sequentially Mumbai, August 10, 2026: CMS Info Systems Limited (CMS), a leading business services platform serving the BFSI and retail sectors in India, announced its unaudited financial results for Q1 FY27. The company reported hitting its highest-ever quarterly services revenue at ₹ 625 Cr. Furthermore, the company achieved strong margin expansion as it secured approximately ₹ 500 Cr in new order wins.The consolidated financial performance showed Total Revenue of ₹ 635 Cr, while EBITDA stood at ₹ 173 Cr. CMS reported a Profit After Tax (PAT) of ₹ 84 Cr for the quarter.Financial Performance Snapshot The results reflect the company’s...

Ambuja Cement’s Consolidated Capacity Increases Following Subsidiary’s Expansion Commissioning in Gujarat Ambuja Cements Limited has seen an increase in its consolidated cement capacity following the successful commissioning of a brownfield expansion project by its subsidiary, Adani Cement Industries Limited.The company's Wholly Owned Subsidiary (WOS) successfully commissioned the expanded Cement Grinding Unit at Dahej in Gujarat. This unit constitutes a 1.2 Million Ton Per Annum (MTPA) capacity addition through a brownfield expansion process.The commissioning of this new unit has directly contributed to the increased operational scale of Ambuja Cement. With the completion of the project, Ambuja Cement's consolidated cement capacity...

Vodafone Idea Announces Changes in Independent Directors, Appoints New Internal Auditor and Company Secretary Designate Vodafone Idea Limited has announced several key changes concerning its board and senior management personnel following a Board meeting held on August 10, 2026. The changes include the cessation of two long-serving Independent Directors (IDs) and the appointment of new professionals for crucial roles including Internal Auditor and Company Secretary Designate.The company confirmed that Mr. Ashwani Windlass and Ms. Neena Gupta will be ceasing to serve as Independent Directors on the Board, having completed their respective second terms. Mr. Windlass's tenure concludes at the close of business hours on August 30, 2026...

Euro Pratik Sales Limited Releases Quarterly Financial Results; Appoints New Independent Director and Secretarial Auditor Euro Pratik Sales Limited, formerly known as Euro Pratik Sales Pvt. Ltd., has approved its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company's Board of Directors held a meeting on August 10, 2026, where it also appointed Mr. Manish Sacheti as a Non-Executive Independent Director and recommended M/s. M Baldeva Associates as Secretarial Auditors for the coming years.The company operates primarily in the 'Surface Decorative Products' business segment.Financial Performance Review (Quarter Ended June 30, 2026) Euro Pratik Sales Limited reported a strong...

Kerala VAT Appellate Tribunal dismisses tax demands amounting to ₹109 lakhs in Inspirisys Solutions Limited matterInspirisys Solutions Limited has confirmed that a tax demand relating to the Financial Year 2016-17 has been dismissed by the Kerala Value Added Tax Appellate Tribunal, Ernakulam. The decision followed an appeal filed by the Joint Commissioner (Intelligence), State Goods and Services Tax Department, Ernakulam, against a prior order concerning the company.The matter, which was heard by the KVAT Appellate Tribunal, Ernakulam, on June 17, 2026, concluded with the dismissal of the tax demands. Inspirisys Solutions Limited received the final order from the Tribunal on August 10, 2026.The proceedings concerned a matter...

PRO FX Tech Approves Strategic Move into Domestic Manufacturing in Bengaluru The Board of Directors of Pro FX Tech Limited has greenlit a strategic foray into manufacturing, establishing a dedicated assembly and production facility in Bengaluru, Karnataka. The move signifies a significant operational expansion for the audio-visual distribution company.As the first phase of this initiative, PRO FX Tech will establish an approximately 8,000 sq. ft. facility. This unit is slated to commence operations by December 2026. Initially, the manufacturing focus will be on assembling and producing architectural speakers, covering both select products from brands represented by Pro FX and items under its own in-house brand.This strategic...

Manaksia Steels Reports Robust Q1 FY27 Results, Driven by Strong Growth in Coated Steel Products Manaksia Steels Limited (MSL) has reported key financial highlights for the first quarter of Fiscal Year 2026-27 (Q1 FY27), showcasing significant growth across its core operating metrics. The company noted a strong beginning to the fiscal year, attributed to increased sales in value-added coated steel products and improved operational efficiency.The financial results highlight substantial increases in both standalone and consolidated segments for Q1 FY27 compared to Q1 FY26.ParticularsStandalone (Q1 FY 27)Standalone (Q1 FY 26)YOY %Consolidated (Q1 FY 27)Consolidated (Q1 FY 26)YOY %Total Income305.88203.48↑ 50.32331.16220.00↑ 50.53...

Laser Power & Infra Posts Q1 FY27 Results; Revenue Grows 14.8% YoY, EBITDA Margers at 12.6% Laser Power & Infra Limited (LPIL), a key manufacturer of cables, conductors, and power infrastructure solutions, has announced its financial results for the quarter ended June 30, 2026. The company reported strong operational performance in Q1 FY27, marked by revenue growth and improved margins across key indicators.The standalone financial results for Q1 FY27 show a robust performance trajectory compared to previous quarters. Revenue from Operations stood at Rs. 5,215 million, achieving a 14.8% year-on-year (YoY) increase. EBITDA increased by 25.7% YoY, reaching Rs. 659 million, while the company maintained an EBITDA margin of 12.6%. Net...

Kotyark Industries Secures Allocation of ₹173.45 Crore for Biodiesel Supply from OMCs Kotyark Industries Limited has received an Award of Contract (AOC) related to the supply of biodiesel, securing a total allocation value of ₹173.45 Crore against a massive contract value of ₹1,397.72 Crore. The contract is associated with a tender floated by Oil Marketing Companies (OMCs), including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).The allocation for the supply of biodiesel pertains to the period from June 2026 to August 2026. The company participated in the joint Expression of Interest (EOI) process initiated by these OMCs through Tender ID...

Incredible Industries Limited Announces Details for 47th Annual General Meeting and Book Closure Period Incredible Industries Limited has scheduled its 47th Annual General Meeting (AGM) and specified the corresponding book closure dates in relation to the meeting.The AGM is set to take place on Friday, September 18, 2026, at 02:30 P.M. Members of the company will be able to attend the meeting through Video Conferencing / Other Audio Visual Means (VC/OAVM™).To facilitate the conducting of the 47th Annual General Meeting, the Register of Members and Share Transfer Books of the Company will remain closed for a defined period. The book closure is scheduled from September 12, 2026, to September 18, 2026 (both days inclusive).The key...

Fonebox Retail Limited Retains Original Share Exchange Ratio Despite Updated Valuation Metrics for NWOM Acquisition Fonebox Retail Limited has provided an updated valuation addendum regarding its proposed acquisition of NWOM Retailers Private Limited. This update addresses clarifications sought by the National Stock Exchange of India (NSE) concerning the determination of the share exchange ratio in the transaction, as undertaken by the registered valuer.The valuation process involved considering multiple methodologies for both companies: the Income Approach, the Market Approach, and the Asset Approach. The Registered Valuer responded to queries from NSE by providing a clarification letter that forms an integral part of the necessary...

ESL Steel Faces GST Notice Regarding Alleged Short Payment Under Reverse Charge Mechanism ESL Steel Limited, a subsidiary of Vedanta Iron and Steel Limited, has received an intimation from tax authorities regarding an alleged short payment of Goods and Services Tax (GST) under the Reverse Charge Mechanism (RCM). The notice concerns transactions spanning the financial years 2020-21 to 2022-23.The Central Tax Department, Ranchi, issued the intimation in Form GST DRC-01A on August 10, 2026. The department has alleged a short payment of GST during this period, which is subject to applicable interest and penalty charges.According to the tax notice, the proposed tax liability amounts to ₹ 15,74,26,450/-. This amount comprises:IGST: ₹...

Indo Borax Reports 59.31% Surge in Net Profit at Rs 16.25 Crore for Q1 FY27 Indo Borax & Chemicals Ltd., a leading manufacturer of boron-based chemicals in India, reported a significant surge in net profit on a consolidated basis for the quarter ended June 30, 2026. The company posted a net profit of Rs 16.25 crore, marking a strong performance compared to the Rs 10.20 crore recorded during the same period last year.The robust results were attributed to high demand and improved operational efficiencies within the market. Consolidated operating income saw a rise of 31.34 per cent, reaching Rs 70.36 crore in Q1 FY27, compared to Rs 53.57 crore in Q1 FY26. EBITDA for the quarter was also strong at Rs 19.80 crore, up from Rs 12.21 crore...

Ideaforge Reports ₹68.6 Cr Q1 FY27 Revenue, Positive EBITDA; Targets FY27 Order Book Execution by Q3 Mumbai, August 10, 2026: ideaForge Technology Limited, a pioneer and pre-eminent market leader in the Indian unmanned aircraft systems (UAS) sector, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported revenue from operations of ₹ 68.6 crore during the quarter and maintained positive EBITDA.The results indicate continued progress in the company's financial health, despite ongoing challenges presented by global supply chain disruptions and component availability since Q4 of FY26. ideaForge remains focused on completing the delivery of its FY27 opening order book by Q3, aligning with...

SPR Auto Technologies Concludes One-on-One Investor Meetings The company, SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited), has concluded a series of physical one-on-one meetings with several institutional investors on August 10, 2026.These meetings involved representation from key financial institutions and analyst firms. The companies that met with the management included Axis MF, DSP MF, Tata AIA Life, White Oak, 360 One, Breakout, and Value Quest.During the discussions, SPR Auto Technologies maintained that no unpublished price sensitive information (UPSI) was shared with the institutional investors. Instead, the company presented materials corresponding to presentations that had previously been submitted...

Motilal Oswal Asset Management Crosses ₹2 Lakh Crore AUM Milestone Motilal Oswal Asset Management Company (MOAMC) has achieved a significant milestone, reporting that its total Assets Under Management (AUM) across its Mutual Fund, Portfolio Management Services (PMS), and Alternative Investment Funds (AIF) businesses have crossed the mark of ₹2 lakh crore as of August 7, 2026.The achievement underscores MOAMC's commitment to disciplined growth and is reinforced by its status as a predominantly equity-focused asset manager. MOAMC provides a diversified investment platform anchored in its Quality, Growth, Longevity and Price (QGLP) philosophy and robust risk management framework across all offerings.Mr. Prateek Agrawal, MD and CEO of...