Markets

Algoquant Fintech Limited acquires shares in Vipul Limited Algoquant Fintech Limited, along with its associated persons acting in concert (PAC), has acquired a stake in Vipul Limited. The acquisition, carried out through the open market, reflects the Fintech entity's continued interest in the target company.Algoquant Fintech Limited, which is not part of a Promoter or Promoter group, secured the shares from the open market. The transaction occurred on August 24, 2026.The acquisition details and the current shareholding of Algoquant Fintech Limited and its PACs in Vipul Limited are as follows:DetailPre-Acquisition HoldingPost-Acquisition HoldingShares carrying voting rights acquired74,20,58774,20,587Percentage of voting...

HLE Glascoat Promoters Plan Inter-Se Share Transfer HLE Glascoat Ltd has announced a proposed inter-se transfer of shares among members of its Promoter Group. The transaction, which is intended to be conducted as a gift deed, involves the transfer of a significant stake between two individuals belonging to the Promoter Group.The proposed transaction is an off-market transfer. Details concerning the planned inter-se transfer of shares, which involves Promoter and Promoter Group members who are immediate relatives, are as follows:Date of Proposed TransactionTransferor (Promoter Group)Transferee (Promoter Group)Shares Proposed to be TransferredPercentage of HoldingAugust 31, 2026Mr. Nilesh Khushalbhai PatelMr. Aalap Nilesh...

Acquirers Mandate Open Offer for ACI Infocom, Targeting 26% Stake at ₹1.53 Per Share ACI Infocom Limited (ACI-INFO) has been the subject of a mandatory Open Offer by a group of Acquirers, Mr. Sanjay Natvarlal Mandavia and Ms. Rupal Sanjay Mandavia, to acquire a substantial stake in the company. The offer, managed by Credora Partners Private Limited, is set to acquire up to 3,70,47,634 Equity Shares, representing 26.00% of the Emerging Voting Share Capital.The Acquirers have proposed the acquisition through an Open Offer at a price of ₹1.53/- (Rupees One And Fifty Three Paise Only) per equity share. The maximum consideration for the Open Offer is calculated at ₹5,66,82,881/-.Details of the Underlying Transaction The Open Offer is...

Shashijit Infraprojects Limited: Leased Property Dispute Status Updated in Gujarat High Court Shashijit Infraprojects Ltd has provided an update regarding the ongoing dispute concerning the leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika).The matter of the dispute has been listed before the Hon'ble High Court of Gujarat. According to the latest developments, the case was presented before the court on August 14, 2026.The High Court proceedings were adjourned, and the matter has been scheduled for hearing on September 14, 2026.As of the date of the update, the dispute remains pending before the Hon'ble High Court of Gujarat, and no adjudication on the merits of the case has yet been made.The...

Adon Agro Commodities Ltd Granted Extension for 5th Annual General Meeting Adon Agro Commodities Ltd has been granted an extension of time by the Registrar of Companies (ROC), Mumbai, for holding the 5th Annual General Meeting (AGM) of the company.The ROC approved the extension, granting the company a period of 1 month and 15 days. The AGM, which pertains to the financial year ended March 31, 2026, is now scheduled to be held by October 06, 2026.The company's AGM was originally due to be held on August 22, 2026, as per the requirements of the Companies Act, 2013. The application for the extension was submitted due to special and genuine circumstances that arose following the company's recent listing and the consequent regulatory and...

Bal Pharma Limited Clarifies 18-Month Timeline for Utilization of Convertible Warrants Proceeds Bal Pharma Limited provided a clarification regarding the timeline for the utilization of net proceeds associated with its preferential issue involving Convertible Warrants.The Company stated that the tenure for utilizing the net proceeds of the Convertible Warrants is 18 months from the date of allotment. This timeline is subject to the receipt of requisite in-principle approval from the Stock Exchanges.In light of the clarification, Bal Pharma confirmed that there is no change to the objects of the Preferential Issue or the manner of utilization of the proceeds. The current communication serves solely to clarify this tentative 18-month...

Four Points By Sheraton Navi Mumbai Rebrands to Athiva Pulse, Autograph Collection Chalet Hotels Limited has announced the rebranding of its 152-room property, formerly known as Four Points By Sheraton Navi Mumbai, Vashi, to Athiva Pulse, Navi Mumbai, Autograph Collection, effective August 25, 2026. The transformation marks the launch of the company's second Athiva-branded hotel and the second Autograph Collection hotel from Marriott International to open in India.Athiva Pulse is positioned as a contemporary premium lifestyle hospitality proposition focused on energy, intention, and everyday wellbeing. It is designed to cater to the modern traveller, reflecting the Athiva philosophy of abundant joy and wellness by design. The hotel...

Goodluck India Limited Strikes Off Wholly Owned Subsidiary Due to Non Operation Goodluck India Limited has confirmed the closure of its wholly owned subsidiary, GLS STEEL INDIA LIMITED, effective August 25, 2026. The company has struck off the subsidiary from the Register of Companies following its cessation of operations.The closure of GLS STEEL INDIA LIMITED is attributed to the winding up process due to non operation of business.Goodluck India Limited stated that the winding down of the subsidiary carries no material impact on the financial position or operations of the parent company. Furthermore, the closure results in no change to the shareholding or control structure of Goodluck India Limited.Key operational details...

Tata Communications and Tata Motors Partner to Introduce 5G Connectivity in Sierra.ev Tata Communications, a global communications technology leader, and Tata Motors Passenger Vehicles (TMPV), India's leading automobile manufacturer, have announced a collaboration aimed at advancing Software-Defined Vehicle (SDV) deployment in India. This partnership introduces in-built 5G cellular connectivity within the newly launched Sierra.ev.The integration involves using Tata Communications MOVE™ Connected Vehicle Platform within the car's N.IO SDV platform. This ensures seamless connectivity and a digital-first in-vehicle experience for customers. The technology deployment is designed to make the vehicles future-ready and scalable for advanced...

<h1>Propshop Events and Exhibitions Reports Strong Revenue and Profit in Financial Year 2026</h1>Propshop Events and Exhibitions Limited has announced its audited standalone financial results for the half-year and the full financial year ended March 31, 2026. The company reported significant growth in its revenue and demonstrated a positive profit for the period.The financial results detail the company's performance across various metrics, including revenue, expenses, and overall profitability, according to the audited statements.Financial Highlights For the half-year ended March 31, 2026, the company recorded a total revenue of 4,722.07 Lakhs. This figure is significantly higher compared to the 3,287.28 Lakhs reported in the...

<h1>TVS Motor Launches MillionR Special Edition to Celebrate One Million TVS iQube Customers</h1>Bengaluru, August 25, 2026: TVS Motor Company, a global manufacturer of two and three-wheelers, has introduced the TVS iQube MillionR special edition. The launch celebrates the achievement of over one million customers who have embraced electric mobility with the TVS iQube. This new MillionR edition reinforces the scooter's position as a key family EV in India.The flagship electric scooter from TVS Motor's EV portfolio, the TVS iQube, has contributed significantly to the company's leadership in the electric two-wheeler segment. The MillionR Special Edition is based on the TVS iQube 3.5 kWh variant, offering an IDC range of 145 km.The...

Airfloa Rail Technology Secures Rs 6.26 Crores Order for Interior Panelling and Floor Cover for Metro Coaches Airfloa Rail Technology Ltd, formerly known as Airflow Equipments India Pvt Ltd, has secured a new domestic order worth Rs 6.26 Crores. The contract was awarded on August 24, 2026, by the Furnishing Division, Integral Coach Factory, Chennai.The order pertains to the supply and installation of interior panelling and rubber floor cover for Kolkata Metro Tc/Mc Coaches.The contract details reveal that the order is a domestic business, and the company does not have any interest in the entity that awarded the contract. The total value of the contract is Rs 6.26 Crores.Key terms and conditions of the contract include the...

Nuvoco Vistas Faces Tax Dispute Over Input and Output Tax Liabilities, Proposed Demand Reaches Rs. 15.41 Crores Nuvoco Vistas Corporation Limited is currently facing a tax dispute initiated by the Joint Commissioner, CGST, Durgapur Audit Commissionerate, West Bengal. The dispute centers on the proposed denial of input tax credit and the denial of reduction in output tax liability, pertaining to four financial years.The Chief Financial Officer (CFO) and management of Nuvoco Vistas stated that the company is preparing an appropriate reply to the Show Cause Notice issued by the tax authority.The Show Cause Notice proposes the denial of input tax credit relating to several inputs, including civil construction, toll charges, and canteen...

Capital Small Finance Bank Officials to Attend Investor Conference in Mumbai Capital Small Finance Bank Ltd has announced that its officials will be participating in an Investor Conference, which is organized as part of the ASHWAMEDH - Elara India Dialogue 2026 Conference.The meeting is scheduled for September 02, 2026, in Mumbai. The event is structured to include both 1x1 and Group Meetings for attending stakeholders.The bank has confirmed that no Unpublished Price Sensitive Information will be shared during the scheduled meetings.Details regarding the investor event are provided below:DateTimeNature of MeetingOrganised byPlace02nd September 202602:00 pm onwards1x1 / Group MeetingASHWAMEDH - Elara India Dialogue 2026...

<h1>Tata Steel Wins Key Stay Order Against Coal Demand from Jharkhand Mining Office</h1>Tata Steel Limited has secured a crucial directive from the Revisional Authority, Ministry of Coal, regarding a demand notice related to mineral coal extraction. The Authority ruled in favor of the company, directing that no coercive action can be taken against Tata Steel during the ongoing review process.The demand notice had been issued by the District Mining Office (DMO), Ramgarh, Jharkhand, alleging excess extraction of mineral coal from the company's West Bokaro Colliery. The total aggregate amount demanded by the DMO was ₹ 1755,10,54,029/-.The demand related to mineral coal extraction over the period spanning FY 2000-01 to FY 2006-07, and...

<h1>Board Approves TeamLease Services Limited Employee Stock Option and Restricted Stock Units Scheme 2026</h1>TeamLease Services Limited has approved the framework for its Employee Stock Options and Restricted Stock Units Scheme 2026 (ESOS 2026). The decision was made by the Board of Directors and is subject to the subsequent approval of the Shareholders and other necessary statutory approvals.The ESOS 2026 aims to formulate and implement a comprehensive incentive plan for employees, structured in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.The scheme involves a proposed pool of employee stock options and restricted stock units...

Dhaksha Unmanned Systems Opens New Manufacturing Facility in Kancheepuram to Boost Indigenous Drone Capabilities Dhaksha Unmanned Systems Private Limited, a subsidiary of Coromandel International Limited, has inaugurated a new manufacturing facility in the Aymicheri region of Kancheepuram, Tamil Nadu. The event, which took place on August 24, 2026, was attended by Mr. Arun Alagappan, Executive Chairman of Coromandel International Limited. This expansion marks a significant milestone in strengthening India's indigenous drone manufacturing capabilities across the agriculture, defence, and enterprise sectors.The new facility is designed to function as a hub for the drone value chain, facilitating collaboration among technology partners...

ICRA Upgrades Fineotex Chemical Limited's Long-Term Rating to AA- (Stable); Reaffirms Short-Term Rating Fineotex Chemical Limited, a leading multinational specialty performance chemical producer, has received an upgraded credit rating from ICRA Limited. ICRA upgraded the company's long-term credit rating to AA- (Stable), effective August 24, 2026, from the previous rating of A+ (Positive). The short-term rating of A1+ was also reaffirmed by ICRA.The rating action reflects a strong improvement in the scale and diversification of the Fineotex Group's operations. This improvement is closely linked to the FY2026 acquisition of a 53.33% controlling stake in CrudeChem Technologies (CCT) Group, a US-based specialty chemical manufacturing...

Syngene International Invests in Ampin C&I Power Twelve for Renewable Power Acquisition Syngene International Limited has entered into a Share Subscription and Shareholders Agreement with Ampin C&I Power Twelve Private Limited (AMPIN) to facilitate the acquisition of renewable power. This strategic move aims to enhance the Company's renewable energy consumption and support its decarbonization objectives.The investment involves Syngene acquiring an equity stake in AMPIN through the aforementioned agreements, which also include a Power Purchase Agreement. This acquisition is set to allow Syngene to maintain captive status as per the Electricity Act.To achieve its green energy procurement goals and reduce operational energy costs and...

RateGain Appoints Shobana Kailash as Chief Human Resources Officer to Lead AI-First Global Strategy RateGain Travel Technologies Limited, a provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced the appointment of Shobana Kailash as Chief Human Resources Officer (CHRO). Kailash will be responsible for leading RateGain's global people strategy as the company scales and focuses on its transition toward an AI-first future.As CHRO, Shobana Kailash will oversee talent development, organizational culture, and leadership development. She will collaborate with the leadership team to strengthen the company's capabilities amid its phase of global growth. A key component of her mandate is ensuring that...