Markets

Godrej Consumer Products Approves Q1 Results, Declares Dividend Amid Director ResignationGodrej Consumer Products Limited reported key outcomes from its Board meeting on August 7, 2026, which included the approval of unaudited financial results for the quarter ended June 30, 2026, the declaration of an interim dividend, and the resignation of a non-executive independent director.The Board approved the Unaudited Financial Results (Standalone and Consolidated), prepared in accordance with Indian Accounting Standards (Ind AS). The results were reviewed by the Audit Committee, and Statutory Auditors issued a Limited Review Report confirming their unmodified conclusion regarding the financial statements for the quarter.The company also...

China and Hong Kong Stocks Surge on Strong Trade Data and Explosive AI Demand Rally China and Hong Kong equities finished the session trading higher, fueled by robust July trade data that surpassed market expectations. The performance underscored the resilience of China's manufacturing sector and the intense global appetite for Artificial Intelligence (AI) infrastructure products.Domestic Markets React to Export Resilience The domestic mainland markets saw strong participation as investors responded positively to export momentum. The CSI300 Index climbed 0.8% by midday, while the Shanghai Composite Index advanced 0.5%. Meanwhile, technology-heavy sectors continued their ascent across key exchanges.The Shenzhen index gained 1.03%...

M Tek Copper Limited Clarifies Statutory Auditor Resignation Date M TEK COPPER LIMITED, formerly known as Madhav Copper Limited, has clarified a clerical error related to the resignation of its statutory auditor, M/s P G Hemani & Co. The company issued a revised intimation confirming that the effective date of the auditor's cessation is August 13, 2026.The correction pertains to an inadvertent clerical or typographical error in the initial resignation letter submitted by the audit firm. All other details regarding the audit relationship and the grounds for resignation remain consistent with the previous submissions.M/s P G Hemani & Co. resigned from the position of statutory Auditors due to professional preoccupation elsewhere. The...

Dolat Algotech Schedules Board Meeting to Consider Unaudited Financial Results for Quarter Ended June 30, 2026 Dolat Algotech Ltd has scheduled a Board Meeting to review and take on record the unaudited financial results for the quarter ending June 30, 2026. The company's board is set to meet on Friday, August 14, 2026.The meeting agenda includes the consideration of both the standalone and consolidated unaudited financial results pertaining to the specified quarter. The Board will also transact any other business as permitted.In addition to the financial review, the company confirmed that the trading window for dealing in its securities is closed up to 48 hours following the public announcement of these financial results...

Ratnamani Metals & Tubes Ltd Reports Q1 FY27 Results; Standalone Net Profit Stands at 5,406.24 Lakhs Ratnamani Metals & Tubes Limited released its unaudited financial results for the quarter ending June 30, 2026. The company reported a net profit of 5,406.24 lakh in its standalone results and recorded total income of 97,163.25 lakh in the consolidated segment-wise performance.The results reflect the ongoing impact of new Labour Codes on operational expenses across both the standalone and group levels.Standalone Performance HighlightsFor the quarter ended June 30, 2026, the Company’s standalone financial summary is as follows:ParticularsQ Ended 30.06.2026 (Unaudited)Q Ended 31.03.2026 (Audited)Q Ended 30.06.2025 (Unaudited)Year...

Maris Spinners Ltd Announces Unaudited Financial Results and Approves Key Board Changes for Quarter Ended June 30, 2026 Maris Spinners Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results alongside the cash flow statement during a meeting held on August 7, 2026.The results indicate strong performance in the quarter. Total income stood at 4,967.07 lakhs for the period ended June 30, 2026. Revenue from operations was recorded at 4,805.41 lakhs, supported by other income of 161.66 lakhs.Key financial figures from the statement include:Cost of materials consumed: 2,879.07 lakhs Profit before tax (from Ordinary Activities): 512.69...

UCO Bank Revises TBLR and Government Security Rates Effective August 7, 2026 UCO Bank's Asset Liability Management Committee (ALCO) reviewed and revised various benchmark rates, impacting indicators such as Term Business Loan Rate (TBLR) and government security yields. The changes are effective from August 7, 2026.The bank confirmed that there were no changes to its Marginal Cost of Lending Rate (MCLR). MCLR rates across different tenors remain stable:MCLR TenorRate of MCLRChange StatusOvernight7.90%No change in the MCLR RatesOne month8.20%No change in the MCLR RatesThree month8.45%No change in the MCLR RatesSix month8.70%No change in the MCLR RatesOne year8.80%No change in the MCLR RatesKey Updates to Other...

Aurobindo Pharma Jumps Over 3% on Q1 Profit Beat as HDFC Securities Reaffirms 'Add' Rating Aurobindo Pharma shares surged, climbing over 2.8% in late-morning trading on Friday after the company delivered a strong quarterly performance. The stock reached Rs 1,633.50, continuing an earlier session gain of up to 3.13%. This significant rise was fueled by the Q1FY27 results, which significantly outperformed analyst expectations from CNBC-TV18.Stellar Q1 Performance Drives Share Surge The company reported exceptional figures across profitability and revenue streams in the first quarter of fiscal year 2027. Net profit rose a substantial 25.2% year-on-year to Rs 1,032 crore. This figure surpassed the CNBC-TV18 poll estimate of Rs 982 crore...

Crompton Greaves Shares Plunge 7% Despite Reporting Robust Q1 Results Crompton Greaves Consumer Electricals shares fell sharply, closing at Rs 250 on Friday, marking a 7% dip to the day's low. The stock decline occurred despite the company having delivered strong performance metrics during its first quarter of FY'27. This suggests investor sentiment is currently decoupled from operational results.Financial Performance Highlights in Q1FY27 The company reported significant growth across several key financial indicators for the quarter. Profit after tax (PAT) jumped 15% year-on-year (YoY), while revenue witnessed an 11.8% YoY increase. This consolidated performance underscores robust demand and effective operational management by the...

Nureca Limited Completes Resolution of CGST Tax Matter for 2021-22 Nureca Limited has successfully concluded a matter related to its Goods and Services Tax (GST) obligations, having received the Final Order of Rectification from the concerned authority under Section 161 of the CGST Act, 2017. This resolution pertains to the tax period 2021-22.According to the final order, the outstanding matter was disposed of through a payment obligation involving the reversal of Input Tax Credit (ITC). The value involved in this ITC reversal amounted to Rs. 15,40,311/- (Rupees Fifteen Lakh Forty Thousand Three Hundred Eleven only).The company confirmed that with the execution of the Final Order of Rectification, the matter stands concluded and...

Lokesh Chandra Appointed as Government Nominee Director on MOIL Limited Board MOIL Limited has appointed Shri Lokesh Chandra, an IAS officer, as a Government Nominee Director to its board. The appointment was made by the Government of India through an order dated 06.08.2026 and is set for a period up to 06.03.2027 or until further orders.The company confirmed that Shri Lokesh Chandra has no relationship with any Director or Key Managerial Personnel (KMP) of the company, nor is he debarred or disqualified from holding the office of Director by any authority.Shri Lokesh Chandra holds a degree in Civil Engineering and an M. Tech in Structures from IIT Delhi. He currently serves as the Additional Chief Secretary (Mines) for the...

Adhata Global Ltd Schedules Board Meeting to Approve Q2 Unaudited FinancialsAdhata Global Ltd has scheduled a Board Meeting to address the approval of its Unaudited Financial Statements for the quarter ending June 30, 2026. The meeting is set to take place on Thursday, August 13, 2026, at the Company’s registered office.The primary business item listed for discussion is the approval and recording of the Unaudited Financial Statements for the quarter that concluded on June 30, 2026. Additionally, the Board is scheduled to consider and transact any other business as may be placed before it with the permission of the Chairman.In a separate operational update regarding market compliance, Adhata Global Ltd confirmed the closure of its...

Maris Spinners Ltd Announces Board Changes and Releases Unaudiited Financial Results for Quarter Ended June 30, 2026 Maris Spinners Limited disclosed significant personnel changes following its Board of Directors meeting held on August 7, 2026. The company also released its unaudited standalone financial results for the quarter ended June 30, 2026.The Board decisions included approving the financial outcomes for the specified quarter. Furthermore, the Board approved the resignation of Mr. N Sridharan as Company Secretary and Compliance Officer, effective August 31, 2026. The Board also ratified the appointment of Ms. Shanmuga Priya to assume the role of Company Secretary cum Compliance Officer, effective September 1, 2026.Financial...

KSE Ltd. Board Meeting Scheduled for Q1 Results; Trading Window Status AnnouncedKSE Ltd. has announced that its Board of Directors meeting will be held on Friday, August 14, 2026. The primary agenda item for this meeting is to consider and record the Unaudited financial results for the first quarter ended June 30, 2026.The company released details regarding the board session intended to review the performance metrics for the quarter.In adherence to its Code of Conduct for Prevention of Insider Trading, KSE Ltd. has maintained a closed trading window for dealing in the Company's shares since July 1, 2026.The current trading restriction is expected to lift 48 hours following the public announcement of the financial results.Stock...

RBI Declines Prior Approval for Religare Enterprises’ Scheme of ArrangementReligare Enterprises Limited (REL) has confirmed that the Reserve Bank of India (RBI) has not granted its no-objection or prior approval regarding the proposed Scheme of Arrangement, which involves the transfer of a demerged undertaking from REL to Religare Finvest Limited (RFL).The decision was conveyed via a letter dated August 6, 2026. RFL also received a similar communication on August 7, 2026, confirming that the RBI had examined the application and declined the request concerning the Scheme.The Scheme of Arrangement refers to the transfer of a demerged undertaking, governed by Sections 230 to 232 read with Section 52, Section 66 and other applicable...

Silgo Retail Retail Board Notes Monitoring Agency Report Confirming No Deviation in Rights Issue Proceeds Utilization Silgo Retail Limited has confirmed that there is no deviation or variation in the utilization of proceeds from its rights issue, following the consideration of a monitoring agency report for the quarter ended June 30, 2026.The Board of Directors held a meeting on August 07, 2026, and recorded the Monitoring Agency Report issued by Brickwork Ratings India Private Limited dated August 06, 2026. The report covers the usage of funds raised through the rights issue of Equity Shares for the quarter ending June 30, 2026.The monitoring agency report confirmed that all utilization remains in line with the objects initially...

Transgene Biotek Ltd Approves Q1 Results, Appoints New Internal Auditors Transgene Biotek Ltd announced that its Board of Directors reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) and the Limited Review Report for the quarter ended June 30, 2026. The board meeting also addressed strategic matters including extending the deadline for the Annual General Meeting and appointing a new Internal Auditor.The company’s Board of Directors held a meeting on August 7, 2026, during which several key decisions were made. These included approving the Unaudited Financial Results (both Standalone and Consolidated) for the quarter ending June 30, 2026, along with the corresponding Limited Review Report. Furthermore...

Shervani Industrial Syndicate Ltd Approves Quarterly Results, Announces Director Appointment Shervani Industrial Syndicate Ltd has announced the outcome of its Board Meeting held on August 6, 2026. The Board approved the Unaudited Financial Results for both standalone and consolidated operations for the quarter ending June 30, 2026, along with a Limited Review Report issued by the Statutory Auditor.The Board meeting decisions included the appointment of Mr. Bal Krishna Misra (DIN 02125239). He was appointed as an Additional and Whole-time Executive Director for a term of five years, effective immediately, subject to ratification by the members at the forthcoming Annual General Meeting.Financial Performance Review The company's...

Industrial Investment Trust Announces Buyback of Equity Shares at INR 150 Per Share Industrial Investment Trust Ltd has announced plans for a significant share buyback initiative. The company is set to repurchase 16,66,667 fully paid-up Equity Shares.The details of the buyback state that each Equity Share has a face value of INR 10. The shares will be repurchased at a price of INR 150 per Equity Share.The transaction specifies that the purchase will be conducted in cash on a proportionate basis.This announcement was made on August 07, 2026.IITL Stock Price Movement Shares of Industrial Investment Trust Limited are edging higher to ₹143.80 as of 11:46 AM today, following a strong gain of 1.39%. The stock's positive momentum is...

Sunrest Lifescience Approves Offer Documents, Receives ISIN for Rights Entitlement Sunrest Lifescience Limited announced that its Board of Directors, during a meeting held on August 07, 2026, approved several key commercial matters, including the Letter of Offer and related documents for an upcoming equity issuance. The company also confirmed the allotment of an International Securities Identification Number (ISIN) intended for the crediting of Rights Entitlement to eligible shareholders.The Board meeting reviewed and sanctioned all matters on the circulated agenda. Among these approvals was the Letter of Offer, Application Form, and associated documentation. These materials are planned for dispatch to Eligible Equity Shareholders on...