Markets

Kothari Products Limited Completes Dematerialization of Physical Share CertificatesKothari Products Limited has confirmed that physical share certificates pertaining to its securities have been successfully processed for dematerialization. The confirmation details were provided by Alankit Assignments Ltd., the Registrar and Share Transfer Agent, regarding the quarter ending June 30, 2026.The process confirms that the equity shares of Kothari Products Limited, which were held in physical certificate form, have been converted into electronic securities.Key confirmations regarding the dematerialization status include:The securities associated with the certificates are listed on Stock Exchanges. The relevant certificates have been...

Federal Bank Achieves First-Ever Investment-Grade International Credit Rating from S&P Global Ratings Federal Bank Limited has secured its first international issuer credit rating from S&P Global Ratings, affirming its status among India's major private sector banks and unlocking access to global capital markets. The assignment provides the bank with an investment-grade long-term rating while highlighting its robust short-term creditworthiness.S&P Global Ratings assigned the long-term Issuer Credit Rating of 'BBB-' and the Short-Term Issuer Credit Rating of 'A-3' to The Federal Bank Limited. This historic milestone positions the Bank within a select group of Indian private sector institutions that meet investment-grade criteria...

Tata Consultancy Services Announces Interim Dividend Amid Strong Q1 FY2026 Results Tata Consultancy Services Limited (TCS) announced its interim financial results for the quarter ended June 30, 2026, and declared an interim dividend in a meeting of its Board of Directors held on July 9, 2026. The company also released audited standalone interim financial results covering the same period.During the board meeting, directors declared an interim dividend of INR 12 per Equity Share against the par value of INR 1 per share. The payment is scheduled for Friday, July 31, 2026, and the record date has been set as Wednesday, July 15, 2026.Financial Performance Highlights (Q1 FY2026) The interim financial results demonstrate strong performance...

Shikhar Consultants Ltd Appoints Pratik Upendra Lalwani as Company Secretary and Compliance OfficerShikhar Consultants Ltd has appointed Mr. Pratik Upendra Lalwani as its new Company Secretary and Compliance Officer following a Board meeting held on Thursday, July 09, 2026. The appointment is effective from June 28, 2026.Mr. Pratik Upendra Lalwani, an Associate Member of the Institute of Company Secretaries of India, has been appointed to oversee compliance and secretarial duties at the company.The Board meeting covered several key decisions, among which was this strategic appointment. Mr. Lalwani's background includes a Graduate Diploma in Management (Finance) and a Bachelor of Commerce degree. He possesses extensive knowledge...

Punjab Chemicals Reports Significant ESG Milestones Amid Global Operations Expansion Punjab Chemicals and Crop Protection Limited, a legacy entity since 1975, has released its Business Responsibility and Sustainability Report for the Financial Year 2025-26. The report outlines the company's extensive operational footprint, comprehensive employee welfare measures, and substantial commitment to environmental stewardship across its global operations.The corporation, which boasts registered offices in Mohali (Punjab) and a corporate office in Mumbai, is active on both domestic and international stages. Punjab Chemicals manufactures chemical products, including pharmaceuticals, medicinal chemicals, and botanical products, with over 100% of...

Regulatory Shift: Govt Exempts GIFT City Firms from DGMA Licence, Boosting International Shipping Freedom Ministry Decision Simplifies Leasing of Foreign Vessels The central government has taken a significant regulatory step by exempting firms based in the Gujarat International Finance Tec-City (GIFT) from obtaining a license from the Directorate General of Maritime Administration (DGMA). This decision pertains specifically to the leasing of foreign vessels.A gazette notification issued by the shipping ministry confirmed this exemption. The ministry stated that, pursuant to Section 37 of the Coastal Shipping Act, 2025, foreign vessels chartered by units established in GIFT, Gandhinagar, Gujarat, are now exempted from the licensing...

RBI Unveils Key Monetary Metrics: Reserve Money and Money Supply Figures Released for Fortnight Ending June 30, 2026 The Reserve Bank of India (RBI) has today released vital data concerning Reserve Money and Money Supply. These figures provide a detailed snapshot of monetary movements within the economy during the fortnight that concluded on June 30, 2026.This release is critical for stakeholders seeking to understand liquidity dynamics and the overall flow of money in the financial system. The RBI's commitment to timely disclosure ensures transparency regarding key indicators that measure economic health.Understanding Reserve Money Metrics The data encompasses a comprehensive look at Reserve Money movements for the specified...

Rupee Struggles Against Dollar as Geopolitical Fire Ignites Market Volatility Currency Dynamics and Foreign Exchange Movement The rupee appreciated slightly by 7 paise to close at 95.41 (provisional) against the US dollar on Thursday. This movement occurred despite pressure from a strengthening greenback and firming crude oil prices globally. The currency traded in a range between 95.58 and 95.28 during the day, having opened lower by 4 paise at 95.52.The rupee had seen a decline of 52 paise to close at 95.48 against the dollar on Wednesday. Analysts suggest that suspected intervention by the RBI provided necessary support to the local currency. This was compounded by dollar selling observed from state-run lenders in the market...

Mahan Industries Ltd Schedules Board Meeting to Discuss Fundraising Proposal Mahan Industries Limited has announced that a meeting of its Board of Directors is scheduled for Tuesday, July 14, 2026. The meeting will be held at the Company's Registered Office and is set to address key proposals related to augmenting the company's financial resources.The primary agenda item includes evaluating a proposal for raising funds through the issuance of equity Shares or Convertible Equity Warrants, or through any other method permissible by the Board. This initiative is subject to necessary regulatory and statutory approvals, including required shareholder approval.In addition to the fundraising evaluation, the board meeting will cover any...

Aqylon Nexus Board Approves Action Plan on Proposal of 51% Stake Sale Aqylon Nexus Ltd., formerly Sri Adhikari Brothers Television Network Limited, announced that its Board of Directors has addressed a proposal regarding the acquisition of a majority stake in the company. The directors authorized immediate steps to conduct valuation and due diligence concerning the proposed transaction.During a meeting held on Thursday, July 9, 2026, the Board acknowledged a proposal received from M/s E Trav Tech Limited. This proposal indicated an intention by E Trav Tech Limited to sell 51% or more of Aqylon Nexus’s paid-up share capital.In response to this potential transaction, the Board authorized one of its Directors to execute all necessary...

Daikaffil Chemicals Announces Board Meeting to Approve Revised Financial Results for FY26 Daikaffil Chemicals India Ltd has scheduled a meeting of its Board of Directors for Tuesday, July 14, 2026. The primary agenda item for the meeting is the review and approval of the company's Revised Financial Results for the quarter and year ending March 31, 2026.The revision to the financial results is limited solely to the incorporation of the Consolidated Cash Flow Statement, which will be considered alongside the Statutory Auditors' Report.In addition to reviewing the revised financials, the Board meeting is set to review a notice received from BSE Limited concerning the non-submission of the Consolidated Cash Flow Statement, as per SEBI...

India's IPO Engine: Listed New-Age Firms Set to Surge Towards $1 Trillion Market Cap by 2030 A major report indicates that India's rapidly evolving new-age corporate ecosystem is poised for monumental growth, with listed firms potentially reaching a $1 trillion market capitalization by 2030. This massive projection is underpinned by the robust pipeline of companies currently preparing to transition onto public markets, according to data released by strategy consulting firm Redseer.The Redseer India IPO Report: 2026 provides insight into this domestic capital boom. The report assessed 1,400 firms and noted that approximately 210 new-age companies are positioned to go through an Initial Public Offering (IPO) within the next two years...

Sammaan Capital Limited Pays Interest on Secured Non-Convertible Debentures Sammaan Capital Limited has confirmed the timely payment of interest amounts relating to its Secured Redeemable Non-Convertible Debentures (NRCDs). The company completed these payments for various tranches listed on the stock exchanges.The company provided details concerning the servicing of its debentures, noting that full interest amounts were paid across all specified issues. These instruments are part of a Public Issue issued by Sammaan Capital Limited.Details regarding the payments made to investors are as follows:Sr. NoISINIssue Size (INR lacs)Interest Amount Due (INR lacs)FrequencyActual Amount Paid (INR lacs)Payment Record DateDue DateActual...

Bhatia Communications Reports Temporary Operations Disruption Due to Flooding in Surat Bhatia Communications & Retail (India) Ltd has reported a temporary disruption of operations at its facilities due to severe urban flooding in the Surat region. The operational impact follows continuous and unprecedented torrential rainfall that resulted in widespread inundation across the city, impacting company premises.The affected locations include Shop No. 201 to 205 on the First Floor of Bhatia Complex near Sosyo Circle in Bamroli, along with its basement warehouse at the same premise. Additionally, operations were impacted at Poddar Arcade, encompassing Shop No. 242 to 243 in Khand Bazar, Varachha, Surat.The floodwaters that entered the...

Rishabh Instruments Details Operations and ESG Commitments in FY25-26, Highlighting Energy Efficiency and Waste Management Rishabh Instruments Limited, established in 1982, has released its Business Responsibility and Sustainability Report for the Financial Year 2025-26. The report outlines the company's operational scale, commitment to ESG (Environmental, Social, Governance) principles, and adherence to industry standards through a detailed review of its practices across various sectors.The company operates nationally with two plants and eight offices, serving 6 states. Its business portfolio is focused entirely on manufacturing industrial equipment, including electrical automation devices such as transducers, isolators, temperature...

Laurus Labs Ltd to Hold Board Meeting on July 24, 2026, to Approve Q1 Results Laurus Labs Ltd has announced that its Board of Directors will convene a meeting on Friday, July 24, 2026. The primary agenda item for the gathering is the consideration and approval of the un-audited financial results for the quarter ending June 30, 2026.In addition to the scheduled board meeting regarding the quarterly financials, the company also provided an update concerning the trading window for designated persons and their immediate relatives. The trading window has been closed since Wednesday, July 01, 2026.The closure period is scheduled to continue until Sunday, July 26, 2026, covering both days inclusive. This information relates specifically to...

United Breweries Limited Announces AGM and Recommends Dividend for FY 2025-26 United Breweries Limited has announced that its 27th Annual General Meeting (AGM) will be held on Wednesday, August 12, 2026. The meeting will take place exclusively through a Video Conference (VC) or Other Audio-Visual Means (OAVM), without the physical presence of members.The AGM notice and the Annual Report for the financial year 2025-26 are available on the company website, as well as on the websites of Central Depository Services (India) Limited (CDSL), BSE Ltd., and National Stock Exchange of India Limited (NSE). Shareholders whose email addresses are registered with the company or their Depository Participants will receive the official notice.The...

Jash Engineering Limited Reports Rs 912 Cr Consolidated Order Book Position as of July 1, 2026 Jash Engineering Limited provided updates on its order intake and consolidated order book position in June and early July 2026. The company reported a total consolidated order book value of Rs 912 crore as of the beginning of July 2026, with significant business concentrated in international markets.For the month of June 2026, Jash Engineering secured consolidated orders worth Rs 91 crore. This intake comprised Rs 40 crore from the domestic Indian market and Rs 51 crore from markets outside India.Key contributors to the June order booking included Laxmi Civil Engineering Services Pvt Ltd. in Nagpur, along with VA Tech Wabag and Mirzapur...

Shir Sagar Pandey Appointed as Additional Director of Mipco Seamless Rings Gujarat Ltd Mipco Seamless Rings Gujarat Ltd has appointed Mr. Shir Sagar Pandey as an Additional Director (Non-Executive & Professional). The appointment was approved by the Board of Directors following a meeting held on July 9, 2026.The company's Nomination and Remuneration Committee recommended the appointment, which grants Mr. Pandey the role effective from July 9, 2026. As an Additional Director, he is set to hold office until the ensuing Annual General Meeting of the Company.The appointment details were disclosed following the Board meeting, during which the board considered and approved the changes.Professional Background of the New Director Mr. Shir...

Can Fin Homes Ltd Board Meeting Scheduled to Discuss Q1 Financial Results; Insider Trading Window Remains Closed Can Fin Homes Ltd has scheduled a meeting of its Board of Directors to review and approve the company's Un-Audited Standalone Financial Results for the first quarter ended June 30, 2026.The Board meeting is set to take place on Saturday, July 18, 2026. During the meeting, the board members are scheduled to consider and approve the financial results along with the Limited Review report corresponding to the specified period.In separate news concerning market activity, the company confirmed that the trading window for its equity shares has been closed since July 01, 2026. This restriction remains in place until July 20, 2026...