Markets

Orbit Exports Approves Q2 Financial Results Declares Interim Dividend and Schedules Annual General Meeting Orbit Exports Limited announced key outcomes from its Board of Directors meeting held on August 08, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The company also declared an interim dividend and outlined procedures leading up to its upcoming 43rd Annual General Meeting (AGM).The Board meeting approved both the standalone and consolidated unaudited financial results. These results were reviewed by the Statutory Auditors, M/s Nayan Parikh & Co, whose limited review report was also noted.Financial Performance Highlights The company's performance for the quarter ended June 30, 2026, showed...

Aditya Birla Fashion and Retail Approves Corporatization of Sabyasachi Calcutta LLP into New SubsidiaryAditya Birla Fashion and Retail Limited (ABFRL) announced that its Board of Directors has approved the proposal to corporatize Sabyasachi Calcutta LLP. The move involves turning the LLP into a newly incorporated company, Sabyasachi India Limited, making it a subsidiary of ABFRL.The approval followed a meeting held on August 8, 2026. Under this resolution, ABFRL will invest approximately ₹5.10 crore in Sabyasachi India Limited to secure a controlling stake in the new entity.Sabyasachi Calcutta LLP is set to be transformed into Sabyasachi India Limited, which has been incorporated on July 16, 2026, and is yet to commence business...

GNFC Announces Dates for 50th Annual General Meeting and Book Closure Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has announced key dates pertaining to its upcoming 50th Annual General Meeting (AGM), along with details regarding book closure, record date, and the dividend payment schedule.The company confirmed that its 50th AGM is scheduled for Wednesday, September 16, 2026. The meeting will commence at 3:00 P.M. (IST) and will be held via Video Conference / Other Audio Visual Means (VC/OAVM).GNFC released the following material details regarding the corporate events:ParticularsDate or PeriodDetailsAGM Date & TimeWednesday, September 16, 2026 at 3:00 P.M. (IST)Held via Video Conference / OAVMBook...

NBCC Set to Participate in Analyst and Investor Conference Organized by Emkay Global NBCC (India) Limited has announced its participation in an analyst and investor conference organized by Emkay Global. The event is scheduled for Wednesday, August 12, 2026, focusing on various meetings with analysts and investors.The company's involvement comes as part of the outreach initiative coordinated by Emkay Global. NBCC will be hosting Group and One-on-One Meetings during this conference in Mumbai.Key details regarding the conference participation are presented below:S. NoDate of MeetingType of MeetingLocation of Meeting1Wednesday, 12th August 2026Group/One-on-One MeetingsMumbaiThe conference details provide an opportunity for...

SEBI Issues Show Cause Notice to Jindal Poly Films Over Transactions and Governance Jindal Poly Films Limited has been issued a Show Cause Notice (SCN) by the Securities and Exchange Board of India (SEBI), focusing on certain corporate transactions and governance matters within the company. The communication was received by the company on August 06, 2026.The SCN from SEBI provides an opportunity for the company to file a reply concerning its governance structure and specific business transactions.Key details regarding the regulatory interaction between Jindal Poly Films Limited and SEBI are summarized below:ParticularDetailCompany NameJindal Poly Films LimitedAuthoritySecurities and Exchange Board of India (SEBI)Type of...

Sanjay Sagar Appointed as Additional Director at JSW Energy Limited JSW Energy Limited has appointed Mr. Sanjay Sagar as an Additional Director (Non-Executive, Non-Independent) of the company, effective August 8, 2026. The appointment was approved by the Board of Directors following a recommendation from the Compensation and Nomination & Remuneration Committee. This role is subject to the approval of the Company's Shareholders.Mr. Sanjay Sagar brings over four decades of technocommercial experience to the board. He is recognized as a distinguished business leader with an accomplished record in leadership roles at both Board and CEO levels across various sectors, including power, mining, infrastructure, and defense. His expertise...

Delhivery Limited Announces Q1 Results for June 30, 2026; Approves Key Director Reappointments and Subsidiary Investment Delhivery Limited has announced its Unaudited Financial Results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved both the consolidated and standalone financial outcomes, alongside key corporate governance decisions, including the re-appointment of senior management personnel and a planned investment in its subsidiary.The Unaudited Financial Results reflect specific operational performance across the quarter. For the quarter ended June 30, 2026, Consolidated revenue from operations stood at 29,307.30 million. Total Income reached 30,448.43 million before expenses, while...

Visaka Industries Limited Announces Audited Financial Results for Quarter Ended June 30, 2026 Visaka Industries Limited has released its audited financial results for the quarter ended June 30, 2026. The performance metrics include data for both standalone and consolidated entities across various periods, as detailed in the company's quarterly reports.The comprehensive results show details of total income, net profit (loss) after tax, and total comprehensive income for the period. These figures are reported in lakhs.Key financial highlights include:Total Income from Operations: The standalone entity recorded Total Income from Operations at 59,086.47 lakh for the quarter ended June 30, 2026, compared to 48,111.52 lakh in the...

Axis Max Life Receives Show Cause Notices from GST Department over Input Tax Credit Allegations Axis Max Life Insurance Limited has confirmed the receipt of Show Cause Notices (SCNs) from the GST Department concerning its tax compliance for multiple financial years. The notices relate specifically to allegations regarding the wrongful availment and utilization of Input Tax Credit (ITC).The company received the SCNs on August 7, 2026, covering the period spanning Fiscal Years 2020-21 through FY 2024-25. The core allegation pertains to the improper use of ITC under the Central Goods and Service Tax Act, 2017.The GST Department proposed a demand of tax, interest, and penalty that aggregates to approximately INR ~35.29 Crs in relation...

HBL Engineering Releases Quarterly Financial Results for June 30, 2026; Confirms No Deviation in Proceeds Utilization HBL Engineering Limited has announced the unaudited financial results for the quarter ending June 30, 2026. The results cover both standalone and consolidated performance, along with updates regarding segment-wise revenue and corporate activities.The Board of Directors approved the results, noting that the auditor's report on the unaudited standalone financial results was unmodified. Furthermore, the company confirmed there were no deviations in the utilization of issue proceeds during the reporting quarter, as it did not raise any funds through Shares during that period.Financial Performance Highlights (Standalone)...

Cult Founder Rishabh Telang Accused of Signature Forgery in Dispute over Fitness Company's Winding Up The fast-paced world of high-growth fitness technology faces a major legal challenge as IPO-bound company, Cult.fit, finds itself at the center of serious allegations concerning its founder and corporate structure. Rishabh Telang has been accused by his former co-founder that he forged signatures related to the winding up of Cult Fitness Private Limited. The dispute adds another layer of scrutiny over a startup's founding integrity just as it prepares for public listing.FIR Alleges Forgery in Original Company Documents The controversy centers on documents pertaining to the original Bengaluru-based entity, Cult Fitness Private Limited...

Divine Hira Jewellers Completes Board Meeting: Reviews Q Financial Results; Announces Key Personnel ChangesDivine Hira Jewellers Limited has completed its Board meeting, reviewing the unaudited financial results for the quarter ended June 30, 2026. The Board also addressed several significant governance matters, including key appointments and a director resignation, as well as approving the notice for the forthcoming Annual General Meeting (AGM).The company’s management approved the Unaudited Financial Results prepared in accordance with Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34). The results were reviewed by Independent Auditors, M/s Muchhal & Gupta, and were approved by the Audit Committee.Financial...

Bajel Projects Limited Awarded Ultra Mega EPC Contract for 765KV Transmission Line Bajel Projects Limited has been awarded an Ultra Mega EPC (Engineering, Procurement, and Construction) order for a Transmission Line project. The contract involves constructing the 765 KV Transmission Line from Raigarh (Tamnar) to Jamshedpur (New) Part II, which is associated with the WR-ER Inter-Regional Network Expansion Scheme-Part A under the TBCB route.The order was placed by PowerGrid Corporation of India Limited (PGCIL) on behalf of their SPV, M/s WR ER Part A Power Transmission Limited. The contract falls within the ordinary course of business for the company and is categorized as a domestic EPC Contract for Transmission Line works.The project...

MPS Limited Amends Share Subscription Agreement to Permit Transfer of Equity in MPSi to Beach Trust MPS Limited has executed an Amendment to the Share Subscription and Shareholders' Agreement (SSSHA) relating to its subsidiary, MPS Interactive Systems Limited (MPSi). The amendment permits the transfer of shares held by Mr. Rodney Charles Beach in MPSi to the Beach Trust, a trust established under the laws of Victoria, Australia.The agreement was formalized following approval by the Board of Directors of MPS Limited on August 8, 2026. This move alters specific provisions of the original SSSHA, dated October 10, 2025.Under the new Amendment Agreement, Mr. Beach can transfer all equity shares he holds in MPSi to the Beach Trust. The...

Swaraj Suiting Limited Reports Strong Q1FY27 Results; Revenue Jumps 138.8% Amid Demand Surge Swaraj Suiting Limited, an integrated textile manufacturer specializing in high-quality Denim and Cotton finished fabrics and Cotton Yarn, announced robust financial results for the quarter ending June 30, 2026 (Q1FY27). The company reported significant growth in revenue and profitability, attributing the performance to sustained demand, improved capacity utilization, and operational efficiencies.The Q1FY27 results demonstrate substantial increases across key financial metrics when compared to Q1FY26.Financial Performance Highlights (Standalone) The standalone financial figures show a strong upward trend for Swaraj Suiting Limited...

Arihant Superstructures Reports Q1 FY27 Results; GDV Reaches ₹14,000 Crore Amid Market Resilience Arihant Superstructures Limited (ASL) has released its quarterly results for Q1 FY27, showcasing structural resilience and significant Gross Development Value (GDV) expansion. Despite facing challenges related to increased inputs costs due to West Asia Geo-Political issues and labor shortages caused by elections, the company reported robust pre-sales growth and a substantial increase in GDV.The company's luxury segment now constitutes 49% of its total GDV, representing a tenfold rise over the last five years. ASL has managed to scale its Gross Development Value from ₹6,000 crore to ₹14,000 crore over the same period without requiring any...

Cemindia Projects Limited Receives GST Demand Order Over ITC Mismatch for FY 2020-21 Cemindia Projects Limited, formerly known as ITD Cementation India Limited, has received a demand order from the Assistant Commissioner in Ahmedabad regarding tax liability arising from Input Tax Credit (ITC) claimed during the financial year 2020-21. The company intends to appeal the order and stated that it does not anticipate any material financial impact resulting from the determination.The order was issued by the Assistant Commissioner, Ghatak 1, Division -1, Range -1, Ahmedabad, Gujarat, under Section 74 of the Central Goods and Services Tax Act, 2017. The demand relates to a mismatch between the ITC claimed in GSTR3B and the amount reflected on...

Sattva Engineering Secures Purchase Order from Bimbo Bakeries for Industrial Facility Construction Chennai, India – August 07, 2026 – Sattva Engineering Construction Limited has secured a significant purchase order from Bimbo Bakeries India Private Limited. The contract marks a strategic re-entry into the industrial and utility building sector for the engineering firm.Bimbo Bakeries India is a major packaged food and bakery enterprise in India and operates as a subsidiary of Grupo Bimbo, recognized as the world's largest baking company. This new order adds a leading international client to Sattva Engineering’s portfolio and strengthens its presence within the industrial construction segment.Project Scope and Financial Details The...

Apollo Micro Systems Posts Record Q1 FY27 Earnings and Reaches All-Time High Order Book Apollo Micro Systems Limited has announced its financial results for the first quarter of Fiscal Year 2027, reporting all-time high performance across revenue, EBITDA, and Profit After Tax (PAT). The company also reported a consolidated order book totaling ₹ 1704 Cr.The results reflect robust growth, with Q1 FY27 revenue reaching ₹ 251 Cr, marking an 88% increase compared to the corresponding quarter of Fiscal Year 2026 (Q1FY26). The company’s EBITDA (excluding other income) reached ₹ 54 Cr, a 31% improvement over Q1FY26's figure of ₹ 41 Cr. Profit After Tax for the consolidated entity stood at ₹ 25 Cr, which is up 43% versus the ₹ 18 Cr reported...

Aditya Birla Fashion and Retail Limited Announces Quarterly Results, Highlights Amalgamation Completion Aditya Birla Fashion and Retail Limited (ABFRL) has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board of Directors approved these results at a meeting held on August 8, 2026.The consolidated financial results detail the performance of the Holding Company and its subsidiaries, including the recently completed amalgamation of Jaypore E-commerce Private Limited and TG Apparel & Decor Private Limited, wholly owned subsidiaries of the company, with ABFRL. The scheme was approved by the National Company Law Tribunal (NCLT) on July 2, 2026, with an appointed date of April 1...