Markets

IPO Filing in Hand: Encube Ethicals Promoter Mehul Shah Spends ₹106 Crore on Luxury Mumbai Apartment Mehul Madhusudan Shah, founder and Chairman of pharmaceutical firm Encube Ethicals, has made a high-profile real estate purchase. He acquired a luxury apartment in Mumbai’s prime Juhu locality for over Rs 106 crore. This acquisition comes just days after his company filed draft papers for a significant IPO.The property registration documents reveal that Shah and his wife, Niti Mehul Shah, purchased the flat in Lodha Avalon on Juhu Tara Road. The transaction, registered on July 31, 2026, was completed at a cost of Rs 106.52 crore from V Hotels Ltd.The apartment is substantial, featuring a carpet area of 916.29 square metres (or...

LEAP India IPO Opens Tomorrow as Grey Market Signals Modest Premium Ahead of Massive ₹2,480 Crore Issue Unlocking Supply Chain Efficiency: What is LEAP India? LEAP India is a specialized company established in 2013 that focuses on providing comprehensive asset-pooling and supply chain solutions. It serves businesses across various sectors, including FMCG, e-commerce, automotive, and consumer durables. The company's services are designed to assist enterprises in reducing logistics costs and boosting supply chain efficiency through shared logistical assets.IPO Details: Understanding the Issue Structure The initial public offering (IPO) for LEAP India is set to open on August 7th and has a total issue size of ₹2,480 crore. This...

Shankara Buildpro Announces Financial Results for Q2 FY2026 and Plans Equity Share Split Shankara Buildpro Limited has disclosed its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company also announced the Board's decision regarding the sub-division of existing equity shares.The Board of Directors meeting held on August 06, 2026, considered and approved the quarterly financial results alongside the proposed corporate action concerning the share capital structure.Financial Performance Highlights (Q2 FY2026) Shankara Buildpro's performance for the quarter ended June 30, 2026, was reviewed by the Board. The consolidated statements reflect operations across both the holding company and...

PTL Enterprises Board Notes Two-Day Delay in Stock Exchange Intimation PTL Enterprises Limited's Board of Directors recently addressed an issue concerning the timely notification of a board meeting, following a review conducted during their meeting held on August 6, 2026.The Board noted that there was a two-day delay in providing the prior intimation of the Board Meeting to the stock exchange.While the notice for the Board meeting had been duly served seven days in advance to all directors and statutory auditors according to applicable laws, the delayed prior intimation to the Stock Exchange resulted from an inadvertent technical error within the company's processes, with no malicious intent noted.The management reviewed this...

Igarashi Motors India Reports Q1 2026 Results; Revenue Reaches 25,086.82 Lakhs Igarashi Motors India Limited has announced its un-audited financial results for the first quarter ended June 30, 2026. The company’s Board of Directors approved the limited review report in a meeting held on August 06, 2026.The results show Total income reaching 25,183.72 lakhs for the quarter. The company reported Total expenses amounting to 24,468.00 lakhs. Profit before tax stood at 715.72 lakhs, resulting in a profit for the period of 676.69 lakhs. Earnings per share (EPS) were recorded as 2.15 rupees, both basic and diluted.The company organizes its business into two categories: manufacture of components for 'Automotive' and 'Non-automotive'...

TCI Express Reports Strong Q1 FY27 Results as E-Commerce Segment Surges 63% TCI Express Limited, India's leading express distribution company, announced its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The results highlighted robust growth and operational expansion across TCI EXPRESS’s multimodal logistics capabilities, with E-Commerce Express emerging as the fastest growing segment.The company reported a Total Income of Rs. 315.3 crore for Q1 FY27, reflecting an 8.7% year-on-year (YoY) growth. TCI EXPRESS continues to maintain a debt-free balance sheet while investing heavily in technology adoption and network expansion across its operations.Mr. Chander Agarwal, Managing...

Mold-Tek Technologies Delivers Record Profits in Q1 FY27; Highlights US Expansion and Diversification Strategy Mold-Tek Technologies Limited (MTTL) announced its unaudited financial results for the quarter ended June 30, 2026, reporting significant growth across key metrics. The company reported the highest quarterly revenue, EBITDA, and Profit After Tax in its history, attributing the performance to successful business diversification, operational excellence, and expansion within the U.S. market.The consolidated results for Q1 FY27 showed strong year-over-year increases across the board. Total income stood at 6,159.50 Lakhs, marking a 74.67% increase compared to Q1 FY25-26 (3,526.33 Lakhs). Profit After Tax (PAT) reached 900.42 Lakhs...

Krebs Biochemicals and Industries Reports Q1 Results; Board Approves Amalgamation with Ipca Laboratories Krebs Biochemicals and Industries Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company’s Board of Directors approved these findings at a meeting held on August 6, 2026, along with reviewing an auditor's limited review report.The company reported that its operations are currently confined to one segment, and no subsidiary or associate companies were noted as of June 30, 2026. Financially, the company recorded a net loss for the quarter, while simultaneously moving forward with significant strategic restructuring.Financial Performance Snapshot (Q1 FY26) The unaudited results...

J. Kumar Infraprojects Announces Q1 Results, Appoints New Statutory Auditors J. Kumar Infraprojects Limited has released its unaudited financial results for the quarter ending June 30, 2026, alongside key updates regarding statutory audits and the upcoming Annual General Meeting (AGM). The company also confirmed the appointment of a new auditor and declared an equity dividend.The Board of Directors reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. In operational news, the Designated Persons’ Trading Window, which had been closed since July 1, 2026, will re-open from August 8, 2026.Financial Highlights (Quarter ended June 30, 2026) The company primarily operates in...

Sinclairs Hotels Posts Strong Q1 Results; Total Income Rises Over 26% Sinclairs Hotels Limited has reported excellent unaudited financial results for the first quarter ending June 30, 2026. The company saw significant increases across key profitability metrics, driven by strong operational performance and a focus on growth within West Bengal.The Q1 results highlight robust revenue and profit growth compared to the corresponding period in the previous year. Total Income stood at Rs. 2470.30 lakh, marking an increase of 26.76% from Rs. 1948.80 lakh.Key financial performance indicators for the quarter are summarized below:MetricCurrent Quarter (Q1 FY26)Previous Year QuarterPercentage IncreaseTotal IncomeRs. 2470.30 lakhRs...

Jindal Poly Investment Appoints Ghanshyam Dass Singal as Managing Director for Five Years The Board of Directors of Jindal Poly Investment and Finance Company Limited has approved the re-appointment of Mr. Ghanshyam Dass Singal as the company’s Managing Director. This decision follows a meeting held on August 06, 2026.Based on the recommendation of the Nomination and Remuneration Committee, the Board confirmed the appointment of Mr. Ghanshyam Dass Singal (DIN: 00708019) as an Additional Director, designated as Additional Managing Director. Furthermore, the Board approved his re-appointment as Managing Director for a further term of five years, commencing from August 10, 2026.Mr. Singal will serve as an Additional Director up to the...

J.Kumar Infraprojects Announces Book Closure and Final Equity Dividend Details J.Kumar Infraprojects Limited has announced the book closure dates for determining the members entitled to receive a final equity dividend, alongside details regarding the upcoming Annual General Meeting (AGM).The company stated that its Register of Members and Share Transfer Books will remain closed from Wednesday, September 16, 2026, to Tuesday, September 22, 2026. The record date for the purpose is set as Tuesday, September 15, 2026.Members who are eligible on the record date will be entitled to receive a final equity dividend of ₹4.00 per equity share. This is based on the face value of the equity share being ₹5.00. The dividend was recommended by the...

India Shelter Finance Corporation Posts Q1 Growth Driven by AUM Increase and Profitability India Shelter Finance Corporation Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, reflecting steady growth in assets under management and improved profitability.The company reported Gross AUM of Rs. 11,284 Crs, marking a 24% year-over-year (YoY) increase from Q1FY26. Profit After Tax (PAT) for the quarter stood at Rs. 143 Crs, representing a 20% YoY growth and a 4% quarterly (QoQ) rise compared to Q4FY26.Operational Transition DetailsManaging Director and CEO of India Shelter Finance Corporation, Mr. Rupinder Singh, noted that FY27 started strongly with the significant Gross AUM expansion. He explained...

Axis Nifty500 Low Volatility Fund Eyes Approval Amid Strict Regulatory Scrutiny from SEBI The launch of specialized investment vehicles is being closely monitored by market regulators. Axis Asset Management Company Ltd has filed its Scheme Information Document for the new Axis Nifty500 Low Volatility 50 Index Fund with the Securities and Exchange Board of India (SEBI). This action signals a dedicated focus on risk-managed investing within the broader Indian equity landscape.Regulatory Scrutiny of Low Volatility Product Launch The filing relates to Regulation 24 of the SEBI (Mutual Funds) Regulations, 2026. The Axis Nifty500 Low Volatility 50 Index Fund is designed for investors seeking exposure while mitigating volatility risks. Its...

Purvah Green Power Secures Order for 175 MW Wind Project in India Purvah Green Power Private Limited, a subsidiary of CESC Limited, has been awarded a contract by the Solar Energy Corporation of India Ltd (SECI) to develop a grid-connected wind power project. The Letter of Award (LOA) was issued by SECI on August 5, 2026.The award relates to selecting a wind project developer under the Tariff Guidelines for setting up a 175 MW Grid-Connected Wind Power Project through Tariff-based Competitive Bidding. The contract is with the Domestic Entity, Solar Energy Corporation of India Ltd (SECI), and pertains to power supply from the Wind Power Project, which has a capacity of 175 MW.The significant terms and conditions of this order...

RBL Bank Announces 83rd Annual General Meeting and Final Dividend Record Date RBL Bank Limited has announced key dates for its upcoming general meeting and provided details regarding the record date for members eligible to receive the final dividend for the financial year ended March 31, 2026.The Eighty Third (83rd) Annual General Meeting (AGM) of the members of RBL Bank will be held on Wednesday, September 2, 2026. The meeting is scheduled for 11:30 a.m. IST and will be conducted through Video Conferencing or other Audio Visual Means (VC/OAVM).A specific date has been set as the Record Date for determining members eligible to receive the final dividend on equity shares, recommended by the Bank's Board of Directors. The record date...

LTM and Chainguard Partner to Bolster Software Supply Chain Security with BlueVerse™ RightLogic Mumbai, India - August 6, 2026 - LTM, recognized as a Business Creativity partner for global enterprises, announced a strategic collaboration with Chainguard, a trusted source specializing in open source. The partnership aims to significantly strengthen software supply chain security through LTM’s cybersecurity assessment and risk assurance framework, BlueVerse™ RightLogic. This alliance enables organizations to maintain the speed and agility necessary for AI-enabled software development while enhancing their security posture.The collaboration focuses on combining AI powered cyber risk assessment with a growing network of technology...

Sutlej Textiles Announces Q1 FY27 Results, Reporting Turnaround with EBITDA Rising 837.4% Year-on-Year Mumbai, Maharashtra | August 6, 2026: Sutlej Textiles and Industries Limited, a manufacturer of value-added dyed yarns (synthetic and cotton mélange) and a company involved in home textiles and green fibre products, today unveiled its un-audited financial results for the quarter ending June 30, 2026. The results signal a significant turnaround in the company's standalone performance, highlighted by substantial growth in EBITDA and PBT.The Q1 FY27 figures show Total Income at Rs. 704 Cr., marking a 16.5% increase compared to Q1 FY26 (Rs. 604 Cr.). Crucially, the company’s EBITDA stood at Rs. 47 Cr., representing an impressive 837.4%...

EAAA Alternatives Highlights Strong FPAUM Growth Amid India's Expanding Alternatives Market EAAA India Alternatives Limited, a subsidiary of Edelweiss Financial Services Limited, has been recognized as a differentiated and diversified alternatives asset manager, building upon its institutional platform established over 15 years. The firm is demonstrating resilience in its investment strategy while contributing to the rapid scaling of the Indian alternatives market.The Indian financial landscape presents significant opportunities for long-term patient capital. The Alternatives Assets Under Management (AUM) are projected to reach $166 billion by the end of 2026, representing a 2.6x surge from 2016 levels. With current penetration...

PTL Enterprises Reports Unaudited Financial Results for Quarter Ended June 30, 2026 PTL Enterprises Limited has released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors considered and approved these results during a meeting held on August 6, 2026.The company's operations are primarily focused on a single business segment: income derived from leasing plant to Apollo Tyres Ltd.Financial Performance Overview The unaudited financial results for the quarter ended June 30, 2026, along with a Limited Review Report issued by Statutory Auditors, reflect key performance indicators across various metrics. The complete statement is provided below, with figures presented in Lakhs.PARTICULARSQ Ended...