Markets

Dixon Technologies and vivo Mobile Finalize Agreements for New OEM Joint Venture in India Dixon Technologies (India) Limited has finalized crucial agreements with vivo Mobile India Private Limited (VMI) to establish a joint venture company (JV Co). This collaboration is aimed at capturing opportunities in the original equipment manufacturer (OEM) business of electronic devices, including smartphones, in the Indian market.The execution involves two key documents: a Joint Venture Agreement (JVA) and a Shareholders' Agreement (SHA), building upon a term sheet previously shared by Dixon Technologies on December 15, 2024.A significant operational development is that VMI has received approval from the Government of India regarding the...

Encompass Design India Incorporates Subsidiary to Diversify into Pharmaceutical and NutraceuticalsEncompass Design India Limited has successfully incorporated The Longevity Plan Private Limited as a subsidiary, effective July 08, 2026. This strategic move is aimed at diversifying and expanding the current business operations of Encompass Design India Limited.The incorporation relates to the pharmaceutical and nutraceutical industry, providing the company with a new platform for growth. The Longevity Plan Private Limited was incorporated in India.Key operational and financial details regarding the subsidiary are as follows:AspectDetailsName of SubsidiaryThe Longevity Plan Private LimitedCountry of IncorporationIndia...

Shalibhadra Finance Limited Appoints Mrs. Megha Singh as Company Secretary and Compliance Officer The Board of Directors of Shalibhadra Finance Limited has approved the appointment of Mrs. Megha Singh to a key executive role within the company. The decision was taken during a board meeting held on July 9, 2026.Mrs. Megha Singh has been appointed as the Company Secretary cum Compliance Officer of Shalibhadra Finance Limited, effective from July 9, 2026. This appointment outlines a significant step in the company's governance structure.SAHLIBHFI Stock Price Movement Today, shares of Shalibhadra Finance Limited edged higher to close at ₹79.08 after gaining 3.24%. The stock traded within a daily range of ₹75.1 and ₹79.6, with 21,586...

Income Tax Department appeals ITAT ruling in case of Cummins India Ltd The Income Tax Department has initiated an appeal before the Bombay High Court against a favorable order granted by the Income Tax Appellate Tribunal (ITAT) to Cummins India Ltd. concerning adjustments related to its tax matters. The company confirmed that the appeal, filed by the Income Tax Department, is pending for admission in the Hon'ble Bombay High Court.The ITAT had previously ruled in favor of Cummins India Ltd., granting relief related to these adjustments amounting to INR 210.77 crores. The appeal challenges this decision by the tax department.Cummins India became aware of the appeals filed by the Income Tax Department on July 8, 2026. While formal...

Vijaya Diagnostic Centre Limited Appoints Narasimha Raju K A as Chief Financial Officer Vijaya Diagnostic Centre Limited has appointed Mr. Narasimha Raju K A as its Chief Financial Officer, effective July 09, 2026. The appointment comes in light of his extensive experience in finance, accounting, corporate governance, and strategic leadership across various sectors.The Board of Directors approved the appointment of Mr. Narasimha Raju K A to the role. Mr. Narasimha Raju holds a Chartered Accountant qualification and brings over 20 years of combined experience working in finance, accounting, and corporate strategy. His background includes a strong foundation in Big Four audit at S R Batliboi & Co, an affiliate of Ernst & Young.In...

Pace Digitek Subsidiary Seals Strategic MoUs with Onward Solar and Kalpa Power to Boost Domestic BESS Supply Pace Digitek Limited announced that its subsidiary, Lineage Power Private Limited (LPPL), has executed two strategic Memorandum of Understanding (MoU) agreements. The partnerships were formalized during the 12th India Energy Storage Week (IESW) 2026 at IICC in New Delhi. These MoUs establish a framework for collaboration aimed at strengthening the supply chain for domestically manufactured Battery Energy Storage Systems (BESS).The two agreements are with Onward Solar Power Private Limited and Kalpa Power Private Limited. Under these collaborations, LPPL will serve as a preferred BESS supply partner across future projects. The...

Bacil Pharma Board Approves Rights Issue of Up To ₹50 Crore and Share Capital Increase Bacil Pharma Ltd, during a meeting of its Board of Directors held on July 9, 2026, approved several significant corporate initiatives. The Board sanctioned a proposal for raising funds through a Rights Issue of equity shares and authorized an increase in the company's Authorized Share Capital.The board unanimously approved the plan to raise up to ₹50,00,00,000 (Rupees Fifty Crores Only) by way of a Rights Issue of equity shares. This issuance will be open to all eligible equity shareholders. The details regarding the Right Issue, including terms, issue price, rights entitlement ratio, and record date, are subject to determination by the Board of...

CONCOR partners with GAIL to establish LNG dispensing station at Ahmedabad depot Container Corporation of India Ltd. (CONCOR) and GAIL (India) Limited have signed a long-term agreement aimed at establishing a state-of-the-art Liquefied Natural Gas (LNG) dispensing station. The facility will be located at CONCOR's Inland Container Depot (ICD) in Khodiyar, Ahmedabad.This strategic partnership marks a significant step toward transitioning India's heavy-duty commercial logistics sector to sustainable fuel alternatives. Under the 15-year agreement, GAIL will manage the retail LNG outlet infrastructure, holding exclusive operational control.In return, CONCOR will provide the necessary support for the green corridor project. This includes...

Samvardhana Motherson Provides Corporate Guarantee for Subsidiary’s Term Facility Samvardhana Motherson International Limited has committed to providing a corporate guarantee in support of a significant term facility availed by its wholly owned subsidiary, Motherson Global Investments B.V.The agreement details the financial commitment between the entities and Sumitomo Mitsui Banking Corporation (the Bank). The Company is guaranteeing the Term Facility taken up by MGI B.V., an indirect wholly owned subsidiary of Samvardhana Motherson International Limited.According to the terms established, the Agreement was executed on July 09, 2026. The facility sanctioned by Sumitomo Mitsui Banking Corporation amounts up to EUR 60,000,000. As part...

Neuland Laboratories Reports on Sustainable Operations, Achieving High Waste Recovery Rates in FY 2025-26 Neuland Laboratories Limited has released its Business Responsibility and Sustainability Report for the financial year (FY) 2025-26, detailing its operational footprint, environmental commitments, and human resource management across its global operations. The report outlines the company’s dedication to responsible business conduct in alignment with sustainable development goals.Business Profile and Operations Footprint Neuland specializes in the manufacturing of Active Pharmaceutical Ingredients (APIs) and Custom Manufacturing Solutions (CMS). The company maintains a significant operational scale, reporting 4 plants and 1 office...

Seamec Limited's Vessel 'SAMUDRA PRABHA' Off Hired for Inspection SEAMEC LIMITED has reported that its vessel, SAMUDRA PRABHA, has been off-hired. The decision was made with effect from July 9, 2026, at 16:50 hrs.The move follows the operational status change of the vessel managed by Seamec Limited. SAMUDRA PRABHA was taken off-hire to undergo necessary inspections conducted by D G Shipping.SEAMECLTD Stock Price Movement Seamec Limited closed higher today, gaining 0.93% to settle at ₹1443.6 after trading successfully on the Services sector. The stock saw a daily high of ₹1465.9 and concluded its trading session with a volume of 15,096 shares.

Virinchi Limited Initiates Healthcare Restructuring, Acquiring Primary Care Division in Rs 100 Crores Deal Virinchi Limited has approved a significant transaction involving the acquisition of a key business division from its subsidiary, Virinchi Health Care Private Limited (VHCPL). The move is intended to restructure the company’s focus, enabling it to dedicate resources to building an AI-first healthcare platform while retaining specialized care capabilities.The deal encompasses the Primary and Secondary Healthcare Business Division operated under the 'Bristlecone Hospitals' brand. This acquisition involves a thorough transfer of all associated assets, liabilities, contracts, employees, and other rights related to the division...

Allcargo Global Acquires 25% Stake in Group Services Entity for Shared Cost Allocation Allcargo Global Ltd has acquired a 25 percent stake in Allcargo Group Services Private Limited (AGSPL), which was previously known as Allcargo Warehousing Management Private Limited. The acquisition, completed on July 8, 2026, makes AGSPL an associate company of the listed entity.The investment was made to ensure the efficient allocation of corporate and shared service costs across various entities within the group. The transaction ensures that AGSPL can function as a centralized centre of excellence and a dedicated shared services platform for all participating group members.Allcargo Global Ltd invested in two equity shares of the Target Entity...

Enser Communications: Promoter Rajnish Omprakash Sarna Acquires 1,55,000 Equity Shares Enser Communications Limited has reported that its Promoters have engaged in a transaction involving the acquisition of equity shares. Mr. Rajnish Omprakash Sarna, identified as a Promoter of the company, acquired 1,55,000 equity shares during the period spanning from June 03, 2026, to June 29, 2026.The transaction details include the acquisition of these shares for Rs. 25,09,000. This purchase was conducted on the open market.The shareholder holding details following this activity are as follows:MetricDetailSecurities Acquired1,55,000 Equity SharesTransaction ValueRs. 25,09,000Holding Prior to Acquisition3,63,75,000 SharesHolding...

HRH Next Services Limited Appoints EquiBridgeX Advisors as Investor Relations Agency HRH Next Services Limited has appointed EquiBridgeX Advisors Private Limited to serve as its official Investor Relations agency, providing advisory services to manage investor communications for the company.The appointment involves EquiBridgeX Advisors taking on the role of the dedicated Investor Relations (IR) partner for HRH Next Services Limited. This strategic move ensures specialized guidance and management of all investor-related matters.The company further clarified that the designated email address, ir@hrhnext.com, will remain the primary point of contact for all investors regarding queries, concerns, or requests. All future correspondence...

Himadri Speciality Chemical Ltd Allots Commercial Paper Worth Rs 150 Crore Himadri Speciality Chemical Ltd has announced the allotment of commercial paper (CP) totaling Rs. 150 Crore, following decisions made by its Finance and Management Committee of the Board of Directors on July 9, 2026.The commercial paper instrument was allotted for investors, with Kotak Mahindra Bank being among those who received the security. The company designated ICICI Bank Limited as the International Primary Agent (IPA).Details regarding the issued commercial paper are summarized below:FeatureDetailIssue SizeRs. 150 CroreFace Value per SecurityRs. 5,00,000/-Total Units Allotted3,000 unitsTenure of Instrument90 DaysDate of...

Arunjyoti Bio Ventures Ltd. Announces Name Change and Board Decisions Following Q2 Financial Review Arunjyoti Bio Ventures Limited concluded a board meeting on July 9, 2026, which covered significant corporate changes, including a proposed name change, audit firm transition, and the review of its unaudited financial results for the quarter ended June 30, 2026.The Board approved several material decisions regarding the company's structure and governance. A key proposal is the change of the company's name from 'Arunjyoti Bio Ventures Limited' to 'Pasura Industries Limited,' subject to member approval through consequent alterations of the Articles of Association and Memorandum of Association.In terms of statutory audits, the meeting...

Innovatus Entertainment Networks Ltd Approves New Director, Addresses GST Penalty Notice, Postpones Financial Result Approval Innovatus Entertainment Networks Ltd conducted a Board of Directors meeting on July 8, 2026, during which several key operational decisions were approved. The board reviewed matters including the appointment of a new director and an ongoing tax dispute, while also postponing the approval of certain financial results due to auditor commitments.The company's board formally considered and approved the appointment of Mr Kanakanjan Nag (DIN 11277391) as an Additional Director, effective from July 8, 2026. This appointment is scheduled to be regularized in the forthcoming Annual General Meeting or Extraordinarily...

Integrated Proteins Ltd Approves Share Split, Appoints New Directors Amid Executive Changes Integrated Proteins Ltd announced several significant corporate decisions following a Board meeting held on July 9, 2026. Key actions approved included the sub-division (split) of its equity shares, the appointment of three new directors, and the approval of reclassification requests by promoter groups. The board also noted the resignations of three senior members.Equity Share Sub-Division Approved The Board accorded approval for the sub-division (split) of the company's equity shares. Previously, one fully paid-up equity share with a face value of Rs. 10 was divided into ten equity shares, each having a face value of Re. 1/-. This change is...

Lokesh Machines Ltd Removed from US Treasury's OFAC SDN List Lokesh Machines Limited has been removed from the Specially Designated Nationals and Blocked Persons (SDN) List maintained by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC).The removal, which was formalized on June 30, 2026, is part of OFAC's public notice regarding amendments to the SDN List. The action affirms that Lokesh Machines Limited is no longer designated under Executive Order 14024.The removal followed a review process involving engagement between the Ministry of External Affairs, Government of India, and relevant authorities within the U.S. Treasury and the U.S. Department of State. Following this review, OFAC formally...