Markets

MPS Limited confirms completion of Second Merger with American Journal Experts, LLC, DelawareMPS Limited has confirmed that the second merger involving MPS North America LLC and American Journal Experts, LLC, Delaware became effective on August 3, 2026. The transaction concluded following confirmation from the relevant State authority.Consequent to the operational completion of the merger, MPS North America LLC is the surviving entity. It has assumed all assets, rights, liabilities, and obligations of American Journal Experts, LLC, Delaware, which also included assets acquired during the first merger involving American Journal Experts, LLC, North Carolina.The company's subsidiaries were involved in this corporate action. The...

PDS Limited Reports Strong Q1 FY27 Results, Sees Revenue Up 14.8% and PAT Jump 42.7% PDS Limited, a global supply chain solutions company catering to international brands and retailers, announced its consolidated financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The results showcased steady growth across key metrics, including Gross Merchandise Value (GMV) and profitability.The company’s performance reflects a strong start to FY27, demonstrating expanding market reach and efficient operational management.Consolidated Financial Results Q1 FY27:ParticularsQ1 FY27Q1 FY26GrowthGross Merchandise Value5,1464,63411.1%Revenue from Operations3,4442,99914.8%EBITDA965190.2%EBITDA Margin (%)2.8%1.7%111bps...

Indosolar Limited Announces 17th Annual General Meeting with Virtual Voting Arrangements Indosolar Limited has scheduled its 17th Annual General Meeting (AGM) for Monday, August 31, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing members to attend without the physical presence of the company.The deemed venue for the AGM has been set as the Registered Office of Indosolar Limited, located at Unit No. 301, 3rd floor, Building 02, Southern Park, Saket, New Delhi-110017.In preparation for the meeting, Indosolar Limited has established specific timelines for remote e-voting. The company has fixed Monday, August 24, 2026, as the cut-off date to determine the shareholders...

Systematix Reports Strong Q1 FY27 Results; Adjusted Revenue Rises 14% QoQ Mumbai: Systematix Corporate Services Ltd. (Systematix), a diversified financial services group, announced its un-audited results for the quarter ended June 30, 2026 (Q1 FY27). The company reported a strong commencement to Fiscal Year 2027, driven by growth across its various business segments and strategic investments in building long-term platforms.Adjusted Revenue from Operations rose by 14% compared to the previous quarter, reaching ₹ 26.75 crore. Total Revenue from Operations stood at ₹ 56.26 crore during Q1 FY27, reflecting healthy momentum across the group’s diversified financial services businesses. Systematix is focused on strengthening its platform...

TV Vision Limited Receives Order As NCLT Dismisses Insolvency Petition Filed by Swami Films Entertainment Private Limited TV Vision Limited has received an order from the National Company Law Tribunal (NCLT), Mumbai Bench, confirming that a petition filed against the company by Swami Films Entertainment Private Limited has been dismissed as infructuous.The proceedings relate to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), which was initiated by Swami Films Entertainment Private Limited in its capacity as an Operational Creditor. This action was taken against TV Vision Limited before the NCLT, Mumbai Bench.The company confirmed that it received the Order from the Hon'ble National Company Law...

Vindhya Telelinks Posts Q1 Results, Reports 34.5% Net Profit Growth Amid Optical Connectivity Supercycle Vindhya Telelinks Limited (VTL), a company of the MP Birla Group, announced its financial results for the first quarter of FY 2026-27. The company reported strong operational performance in its Cable business, driven by robust demand for optical fibre cable solutions and sustained investments in digital infrastructure.For the quarter ended June 30, 2026, VTL registered a net profit of ₹2,809.97 lakhs, marking a growth of 34.5% compared to the net profit of ₹2,089.91 lakhs reported in the corresponding quarter of the previous year.The results demonstrate the resilience of VTL’s diversified business model despite facing temporary...

Sadhana Nitrochem Announces Q2 Financial Results and Approves Preferential Share Allotment Sadhana Nitrochem Limited disclosed its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 7, 2026. In addition to the financial disclosures, the Board sanctioned the allotment of equity shares to eligible shareholders in a preferential issue.The Company’s management reviewed and approved the Unaudited Standalone Financial Results, which were reviewed by Statutory Auditors, as well as the Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. Both result sets were prepared in accordance with...

Smarten Power Systems Incorporates Wholly-Owned Subsidiary in China for Technology Expansion Smarten Power Systems Limited has established its presence in the Chinese market by incorporating a wholly owned subsidiary focused on technology development, industrial automation, and new energy solutions. The Board of Directors approved the investment in this foreign entity during a recent board meeting, marking a strategic move for global expansion.The newly incorporated company is named Hangzhou Smarten Electric Power Technology Co., Ltd. It was officially established on July 21, 2026, in Zhejiang, China.This subsidiary will focus on undertaking technology development, providing technical consulting, and offering software and Internet...

Dynamatic Technologies Approves Q1 Results, Declares Interim Dividend Dynamatic Technologies Limited has declared an interim dividend for the financial year 2026-27 following the approval of its un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board of Directors announced the interim dividend of Rs. 3.00 per equity share (which was issued against a face value of Rs. 10 each). The record date for shareholders eligible to receive the dividend has been set as August 14, 2026.The results and operational updates were presented at the Board Meeting held on August 7, 2026.Q1 Financial Performance Highlights Standalone Results Summary Dynamatic Technologies Limited reported key figures for...

Alankit Limited Announces Preferential Issue of Warrants, Releases Q1 Results Alankit Limited, the company, announced several key business decisions following its Board of Directors meeting held on Friday, August 7, 2026. The Board approved a significant fundraising measure through the preferential issuance of fully convertible warrants and reviewed the unaudited financial results for the first quarter ended June 30, 2026.The Board also approved the draft notice for the upcoming 37th Annual General Meeting (AGM) of the members, scheduled for Tuesday, September 8, 2026, which will be held through Video Conferencing/Other Audio-Visual Means (OAVM). Furthermore, the company reviewed its related party transactions.Preferential Issue of...

Three Key Indian Firms Bag SEBI Nod; Garuda Aerospace Set to Raise Rs 1,000 Crore Through Drone-Tech IPO Garuda Aerospace, Naini Papers, and Adroit Industries India have secured crucial regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with their Initial Public Offerings (IPOs). This development marks a significant step for these companies as they gear up to raise capital in the public markets.The companies had filed their confidential draft papers with the regulator over time. Garuda Aerospace and Naini Papers submitted their respective drafts in April 2026. Adroit Industries India approached SEBI by filing its draft IPO paperwork in March 2026.SEBI subsequently issued its observations on the...

NTPC Green Energy Limited Secures BESS Capacity in WBSEDCL Tender NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has successfully secured a portion of the Standalone Battery Energy Storage System (BESS) projects being developed by the West Bengal State Electricity Distribution Company Limited (WBSEDCL). NGEL emerged as a successful bidder in an e-reverse auction conducted by WBSEDCL for setting up BESS capacity across the state.The tender, which utilized a TariF-Based Competitive Bidding (TBCB) process, was aimed at establishing a total of 500 MW/2000 MWh of standalone BESS capacity. Under the terms of the Request for Selection (RfS), NGEL secured 200 MW/800 MWh of this BESS capacity.The contract award was made...

IndusInd Bank Cleared by RBI to Establish Wholly Owned Stock Broking SubsidiaryReserve Bank of India (RBI) has granted approval to IndusInd Bank Limited for setting up a wholly owned subsidiary focused on stock broking business. The decision allows the bank to proceed with the establishment and subsequent capitalization of the new venture.The approval provided by the RBI includes sanctioning the bank to infuse equity capital into the proposed stock broking subsidiary. This strategic move positions IndusInd Bank to expand its operational scope into the specialized financial services sector.The bank must adhere to additional conditions stipulated in the official letter from the Reserve Bank of India regarding this undertaking...

SGX to Drop Single Stock Futures Linked to Indian Equities Amid Regulatory Scrutiny The Singapore Stock Exchange (SGX) has announced plans to discontinue the offering of single stock futures tied to various Indian equities starting in October. This move signals a shift in how international investors access exposure to the movement of individual stocks listed on Indian exchanges through the SGX platform.This decision comes after months of discussions, reportedly following questions raised by Indian authorities regarding the use of local exchange prices for derivatives contracts traded on SGX. The withdrawal marks a potentially significant change for foreign participants interested in concentrated stock movements in India.Context of...

CARE Ratings Limited Reports Q1 FY27 Results Amid Mixed Macroeconomic Indicators; Projects 6.7% GDP Growth for FY27 CARE Ratings Limited announced its unaudited financial results for the quarter ended June 30, 2026, during a period characterized by global economic uncertainty and evolving geopolitical dynamics. The company reported revenue growth driven by both domestic business performance and non-ratings contributions.The Board of Directors of CARE Ratings Limited declared consolidated revenue of Rs. 98.71 Crores for the quarter. At the standalone level, the company saw a robust 16.5% year-on-year (YoY) growth in revenue, while consolidated revenue grew by 18.9%. The ratings business contributed Rs. 12.97 Crores to the total...

Fossil Group Eyes $300 Million IPO as It Ponders Listing India Unit in Mumbai Fossil Group Inc., the US-based lifestyle accessories maker, is reportedly preparing a potential initial public offering (IPO) for its substantial Indian business unit. Industry insiders suggest that the move could unlock significant value, with the listing potentially aiming to raise up to $300 million.The company is currently exploring the option of selling as much as a 25% stake in Fossil India Pvt. as part of the planned public offering. These private discussions are underway, and if formalized, the debut on the stock exchange could be set for early next year.Why Isossil Considering an IPO? The proposed listing would position Fossil Group among other...

ICICI Prudential receives NOC from IRDAI for planned name change ICICI Prudential Life Insurance Company Limited has received a No Objection Certificate (NOC) from the Insurance Regulatory and Development Authority of India (IRDAI). The approval allows the company to proceed with changing its corporate name.The regulatory authority granted the NOC on August 7, 2026. Based on this certificate, the company can change its name to 'ICICI Life Insurance Limited' or any other name permitted by the Registrar of Companies (ROC) under the Ministry of Corporate Affairs, provided that new name includes the word 'Insurance'.The issuance of the NOC is crucial for the listed entity as it enables ICICI Prudential to register the proposed new name...

Excelsoft Technologies Appoints Poonacha Paruvangada Appaiah as Chief Financial Officer Excelsoft Technologies Limited, formerly known as Excelsoft Technologies Private Limited, announced the appointment of Mr. Poonacha Paruvangada Appaiah as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The appointment was formalized by the Board of Directors at a meeting held on August 07, 2026.The decision to appoint Mr. Appaiah followed recommendations from the Nomination and Remuneration Committee and subsequent assessment and approval by the Audit Committee.Mr. Poonacha Paruvangada Appaiah brings extensive experience in finance and business leadership, with approximately thirty years dedicated to strategic financial...

Aarti Pharmalabs Announces Key Management Changes and Unaudited Q1 Results Aarti Pharmalabs Limited has reported its unaudited financial results for the quarter ended June 30, 2026, alongside key corporate governance updates following a Board meeting held on August 7, 2026. The company also approved a capacity addition plan for its Development of Intermediate Block and reconstituted several board committees.Management Appointments and Corporate Governance Decisions The Board of Directors considered and approved significant changes in leadership roles and the composition of key operational bodies. These decisions were made based on recommendations from the Nomination and Remuneration Committee, and are subject to shareholder approval...

IPO Boom Intensifies: Nine Diversified Companies Receive SEBI Approval as Market Pipeline Surges India’s initial public offering landscape is gearing up for a significant expansion, with regulators granting approval or observations to nine diverse companies. This momentum signals increasing investor appetite across technology, engineering, consumer goods, and renewable energy sectors. The wide range of approved issues underscores the depth and diversity entering the primary market pipeline.Technology and Travel Sector IPO Approvals The tech and travel industries have seen notable movement in the approval queue. SNVA Traveltech, a technology-driven company specializing in travel services, received SEBI approval for its IPO. Founded in...