Markets

Delhi High Court Grants Stay to Dabur Over FSSAI Prohibition on '100%' Ingredient UsageThe Delhi High Court has granted a stay against a prohibitory order issued by the Food Safety and Standards Authority of India (FSSAI) concerning certain food products manufactured by Dabur India Limited.The court intervention comes following an initial directive from FSSAI dated August 3, 2026. The original order prohibited Dabur from using "100%" in several of its food products and restricted the sale of those specific items.The granting of the stay by the Hon'ble Delhi High Court on August 7, 2026, addresses this FSSAI prohibition. This development provides relief to the company regarding the regulatory restriction placed on ingredient...

SGN Telecoms Ltd Announces Board Meeting to Approve Q1 Financial Results; Trading Window Details Released SGN Telecoms Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-Audited Financial Results for the quarter ended June 30, 2026. The company also provided details regarding the current trading window status in relation to these results.The Board Meeting is set to take place on Thursday, August 13, 2026, at 10:00 A.M. The agenda for the meeting includes considering and approving the Un-Audited Financial Results of the company for the period ending June 30, 2026.In addition to the financial review, SGN Telecoms Ltd provided an update on its insider trading policy. The Trading Window has been closed...

SES ESG Research Awards 80.6 Rating to Wipro Limited for FY26ESG rating agency SES ESG Research Private Limited has assigned an ESG Rating of '80.6' to Wipro Limited for the period ending FY26.The assignment was voluntary, and the rating was independently prepared by SES ESG Research Private Limited based on data from the public domain covering Fiscal Year 2025-26.While the rating has been assigned by SES ESG Research, it is important to note that Wipro Limited had not engaged the agency for this specific ESG Rating. The result reflects performance measured against criteria available in the public domain.WIPRO Stock Price Movement Wipro Limited closed today after gaining ₹1.41 in post-market trading, pushing the company’s shares...

Modipon Ltd Announces Board Meeting for Q1 Results and Closes Trading Window Modipon Limited has announced a meeting of its board of directors to review and approve the unaudited financial results for the quarter ended June 30, 2026. The company also confirmed that its trading window will remain closed during a specified period.The Board meeting is scheduled for Friday, August 14, 2026. The primary agenda item for this gathering is to consider and approve the unaudited financial results of Modipon Limited for the quarter concluded on June 30, 2026.In addition to the board meeting details, Modipon Limited confirmed that the trading window for the securities of the company will remain closed for all designated persons. The restricted...

Pokarna Limited Announces Financial Results for First Quarter; Appoints New Company Secretary Pokarna Limited has released its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also announced changes in its key managerial personnel, noting the resignation of Mrs. Pratima Khandu Gulankar and the appointment of Mr. Om Jaiswal as the new Company Secretary and Compliance Officer.The Board of Directors of Pokarna Limited reviewed and approved the results for the first quarter ended June 30, 2026. The standalone and consolidated statements were subjected to a limited review by statutory auditors, M/s S Daga & Co., Chartered Accountants.Financial Performance Highlights The...

PPAP Automotive Ltd Reports Unaudited Q2 Results for 2026; Consolidated Revenue Stands at 7,662.85 Lakhs PPAP Automotive Ltd has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved both the standalone and consolidated financials, which include a limited review report from the statutory auditor.The Company reported performance across multiple segments in the period, focusing primarily on automotive components.Standalone Financial Performance For the quarter ended June 30, 2026, PPAP Automotive recorded total income of 14,757.83 lakhs. Revenue from operations stood at L4,423.34 lakhs, while other income contributed 334.49 lakhs. Total expenses for the...

SEBI Streamlines Market Oversight: Stock Exchanges and Depositories Mandated for Joint Inspections of Intermediaries The Securities and Exchange Board of India (SEBI) has introduced a significant shift in the regulatory oversight of market intermediaries, effective from the Financial Year 2026-27. The move aims to enhance efficiency and robustness within the securities ecosystem by integrating inspection duties. SEBI is mandating joint inspections involving stock exchanges and depositories for various intermediaries.Mandating Joint Inspections for Robust Supervision In a key regulatory overhaul, SEBI is implementing an enhanced approach to inspecting market intermediates starting FY2026-27. This strategic shift requires Stock...

Chandan Healthcare Limited Divests Entire Stake in Pharmacy to Focus on High-Margin Diagnostics Chandan Healthcare Limited (CHL) has approved a strategic divestment of its entire stake in Chandan Pharmacy Limited (CPL). The transaction, completed following a Board meeting on August 6, 2026, involves selling the company’s 53.56% shareholding in CPL to Chandan Hospital Limited, a group entity.The sale was executed for a consideration of Rs 31,31,36,168, which represents the proportionate value based on an independent valuation report dated August 3, 2026, prepared by Mr. Gaurang Gaurav, Registered Valuer. Upon closure of the deal, CHL’s holding in CPL will reduce to Nil, and CPL will cease being a subsidiary of Chandan Healthcare...

Bigbloc Construction Limited Approves Q1 Results: Standalone and Consolidated Performance Detailed Bigbloc Construction Limited announced the 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 7, 2026, with the accompanying Limited Review Report carrying an unmodified opinion on both statements.The company reported that the capacity utilization for the first quarter stood at around 59% on a standalone basis. As noted in the financial statements, Bigbloc Construction Limited operates in only one segment—Building materials—making segment reporting inapplicable.Standalone Financial Snapshot (Q1 FY27) The Unaudited...

Miven Machine Tools Ltd to Hold Board Meeting on August 14, 2026, to Approve Q1 Results Miven Machine Tools Limited has announced that its Board of Directors will convene a meeting scheduled for Friday, August 14, 2026. The meeting is set to take place at 12:00 Noon at the company's Registered Office in Hyderabad.The primary focus of the forthcoming board meeting includes reviewing and approving the unaudited financial results for the quarter that ended on June 30, 2026. Additionally, the agenda items slated for approval include the Board's Report and the Notice for the Annual General Meeting (AGM), which is scheduled to be held in September 2026.The company also confirmed details regarding the trading window related to this event...

Electrosteel Castings Reports Q1 FY27 Results: Consolidated Income Stands at INR 1,465 Crores Electrosteel Castings Limited (ECL) announced its financial results for the first quarter of fiscal year 2026-27. The company reported a consolidated total income of INR 1,465 Crores and generated consolidated EBITDA of INR 139 Crores during the period.The Board of Directors approved the Q1 FY27 results, which demonstrated mixed performance across both consolidated and stand-alone segments.Consolidated Financial Performance SnapshotIn the consolidated segment, Total Income declined by 4.3% quarter over quarter (QoQ) to INR 1,465 Crores in Q1FY27. The company reported an EBITDA of INR 139 Crores, achieving a margin of 9.5%. Profit After...

ESL Steel Receives Show Cause Notice Over Alleged Director Remuneration Disclosure Non-Compliance ESL Steel Limited, a subsidiary of Vedanta Iron and Steel Limited, has received a Show Cause Notice (SCN) from the Registrar of Companies, Ranchi, regarding alleged non-compliance concerning director remuneration disclosure for the financial year 2018-19.The notice was issued by the Ministry of Corporate Affairs on August 6, 2026. The allegation relates to Section 197(15) of the Companies Act, 2013, read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.The SCN pertains to the alleged failure to disclose the ratio of each Director's remuneration to the median employee's remuneration, along...

NCLT Directs Meeting of Shareholders and Creditors for Ugro Capital, Profectus Capital Amalgamation The National Company Law Tribunal (NCLT), Mumbai Bench, has issued an order directing the scheduling of meetings for shareholders and creditors of Ugro Capital Limited in connection with the proposed Scheme of Amalgamation involving Profectus Capital Private Limited. The decision was pronounced on August 6, 2026.The Scheme involves the amalgamation of Profectus Capital Private Limited (PCPL) into Ugro Capital Limited. This consolidation aims to combine PCPL's business operations with those of UGRO Capital and is being implemented in line with requirements set forth by the Reserve Bank of India for the acquisition of PCPL by UGRO...

Escorts Kubota to Launch New Tractor Series under Kubota Brand Escorts Kubota Limited has announced plans for a significant new product launch within its agricultural machinery segment. The company stated that it intends to introduce a new tractor series that will be marketed under the established Kubota brand name.This initiative signals a move to expand or refresh the offerings of Escorts Kubota Limited in the market. The planned tractor series is expected to be launched shortly, providing updates on the evolving product portfolio for stakeholders and customers alike.ESCORTS Stock Price Movement Escorts Kubota Limited shares today slipped by 0.67% to settle at ₹3060.4, after shedding ₹20.60 in the post-market session. The stock...

Arihant Superstructures Releases Q3 FY26 Unaudited Financial Results; Approves Corporate Matters Arihant Superstructures Limited has approved its unaudited Standalone and Consolidated Accounts for the quarter ended June 30, 2026. The company announced details regarding its upcoming Annual General Meeting (AGM) following the Board meeting held on August 7, 2026.The Company’s board reviewed and approved the Unaudited Accounts (Standalone and Consolidated), along with the Directors Report and associated Annexures for the quarter.Key governance decisions arising from the board meeting include:43rd AGM: The Annual General Meeting has been scheduled for Thursday, September 24, 2026, at 11:30 am at 'The Regenza' in Vashi, Navi Mumbai...

Kabra Extrusiontechnik Limited Board Approves Preferential Issue of Up To 32 Lakh Equity Shares Kabra Extrusiontechnik Limited has announced that its Board of Directors approved a significant preferential issue of equity shares, with the aim of raising up to ₹120 crore.The decision by the Board included approval to issue up to 32 lakh fully paid up equity shares at a face value of ₹5 each for cash. The share price set for the offer is ₹375 per equity share, which includes a premium of ₹370 per share.This preferential allotment is targeted toward persons and entities belonging to both the Promoter & Promoter Group and Non-Promoters categories. The total aggregate amount sought through this issue is up to ₹120,00,00,125/-.The...

Phantom Digital Effects Board Approves USD 2.7 Million Investment in UK Subsidiary and Reconstitutes Key Committees Phantom Digital Effects Limited, during its Board of Directors meeting on August 7, 2026, approved a significant further investment into Milk Visual Effects Limited, a Wholly Owned Subsidiary (WOS), as well as formalized the reconstitution of several key governance committees. The company also sanctioned an application to the Registrar of Companies regarding an extension for holding the Annual General Meeting (AGM) for the financial year ended March 31, 2026.The Board approved a further investment in Milk Visual Effects Limited through the subscription of additional equity shares. This transaction is planned in one or...

Mrs. Bectors Reports Strong Q1 FY27 Results Driven by Biscuit and Bakery Segment Growth Mrs. Bectors Food Specialities Ltd, a leading player in the biscuits segment under its 'Cremica' brand and a premium bakery provider through 'English Oven', has announced its unaudited financial results for the quarter ended June 30, 2026. The company caters to various income segments across Indian and international markets.The consolidated results show robust performance, with the Biscuit segment showing significant growth compared to the previous year, while management highlighted strong operational efficiencies leading to an improved EBITDA margin.Financial Performance Highlights Mrs. Bectors reported a substantial increase in revenues for Q1...

Simmonds Marshall Ltd Announces CFO Change and New CEO Appointment; Approves Quarterly Results Simmonds Marshall Limited has announced several key changes in its leadership structure, confirming the appointment of a new Chief Executive Officer (CEO) and filling the role of Chief Financial Officer (CFO). The company also approved the un-audited financial results for the quarter ending June 30, 2026.The Board of Directors held a meeting on August 7, 2026, during which several critical operational matters were addressed, including significant changes in its key managerial personnel.Leadership Appointments and Departures The company confirmed that Mr. Dhruv Pandya resigned from his position as Chief Financial Officer (CFO), effective...

Paras Defence Divests Entire Equity Stake in Associate Krasny Paras Defence Technologies Limited Paras Defence and Space Technologies Limited has approved the divestment of its entire equity stake in its associate company, Krasny Paras Defence Technologies Private Limited. The move signals the conclusion of the company's association with Krasny Paras.The Board of Directors of Paras Defence sanctioned the proposal to dispose of its complete interest in the associate, which involved 5,22,500 equity shares of face value Rs. 10/- each. Following the completion of this transaction, Krasny Paras will no longer be considered an Associate by Paras Defence.The details surrounding the divestment highlight the financial standing of the...