Markets

Precot Limited Incorporates Wholly Owned Subsidiary in Dubai, UAE Precot Limited has established a new subsidiary through the incorporation of 'Precot Holdings Limited' in Jebel Ali Free Zone (JAFZA), Dubai, United Arab Emirates. This move expands the company’s international footprint and operational capacity within the Middle East market.The newly formed entity is wholly owned by Precot Limited, with operations registered at 805, Oxford Tower, Business Bay, P.O.Box 126436, Dubai, U.A.E. The incorporation of Precot Holdings Limited was completed on July 6, 2026.The principal objects of the Wholly Owned Subsidiary (WOS) are focused on international business and investment activities both inside and outside the UAE. According to its...

Raymond Ltd Allots 66 Lakh Warrants to JK Investors in Private Placement Deal Raymond Ltd announced the allotment of 66,57,373 convertible warrants (Warrants) to JK Investors (Bombay) Limited (JKIB). The allotment was approved by the company's Board of Directors via resolution passed through circulation on July 9, 2026, as part of a private placement initiative.The Warrants issued under this arrangement are set to be converted into equity shares at a defined price, allowing JKIB to increase its stake in the company.Key terms governing the allotment were disclosed:Conversion Terms: Each Warrant is convertible into or exchangeable for one fully paid-up equity share of Raymond Ltd. Conversion Price: The predetermined conversion...

Virtuoso Optoelectronics Schedules Institutional Investor Meeting with Dolat Capital Virtuoso Optoelectronics Ltd has announced an upcoming institutional investor meeting, detailing the interaction scheduled with Dolat Capital (Institutional Broking). The management of the company will meet the brokerage firm in a virtual format.The meeting is set to take place on July 14, 2026. The engagement between Virtuoso Optoelectronics and Dolat Capital has been structured as a one to one virtual meeting, starting at 11:00 AM.Details regarding the analyst/institutional investor interaction are provided below:Date of MeetingModeFormatTimingsInteraction with Analyst / Institutional InvestorJuly 14, 2026Virtual ModeOne to One Meeting11:00...

SG Finserve Ltd Issues Rs 30 Crore Commercial Paper with [ICRA] A1+ Rating SG Finserve Ltd has announced the issuance of Commercial Papers (CPs) totaling Rs 30 Crore. These CPs have been issued to India Shelter Finance Corporation Limited and carry a rate of 7.30%.The security is set to mature on August 31, 2026, giving it a tenure of 53 days from the allotment date. The Commercial Papers are available with an [ICRA] A1+ credit rating.The issuance details are as follows:DescriptionDetailsTotal AmountRs 30 CroreAllotment Date09/07/2026Maturity Date31/08/2026Rate7.30%Tenure of the security (in days)53 DaysPurchased in favour ofIndia Shelter Finance Corporation LimitedCredit Rating[ICRA] A1+SG Finserve Ltd...

EBIX Ltd Clarifies Delay Regarding Disclosure SubmissionEBIX Ltd (formerly Eraaya Lifespaces Limited) has provided clarification regarding the timing of a disclosure submission made on May 23, 2026, in response to an inquiry from the Exchange.The company addressed queries relating to the disclosure process, which was necessitated after the issuance of an order by the exchange on May 21, 2026. EBIX submitted its requisite disclosure on May 23, 2026, following a comprehensive review process.EBIX stated that the subsequent internal evaluation included assessing the materiality and regulatory implications of the content, verifying relevant facts, and completing necessary reviews to ensure the disclosure provided to the Stock Exchange...

Sandur Manganese Announces Group Rebranding and Key Leadership Appointments Sandur Manganese & Iron Ores Ltd has announced significant strategic shifts, including group rebranding, diversification into new business sectors, and key appointments in its management structure.The company adopted a new name and logo to support its long-term strategic vision and explore diverse business opportunities. Sandur will be venturing into several new lines of business through planned subsidiaries, specifically Hospitality; Academy (covering education, sports, infrastructure, training/coaching, and connected businesses); Medical Devices and Consumables Manufacturing.Furthermore, the names of existing material subsidiaries, Arjas Steel Private...

Power Grid Corporation Wins Bidding for Inter-State Transmission System Augmentation Project Power Grid Corporation of India Limited has been successfully declared as the bidder for a significant Inter-State Transmission System project. The contract involves the augmentation and bay extension works across several key substations.The successful bid was secured through Tariff Based Competitive Bidding (TBCB). The project, specifically titled 'Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)', will be executed on a Build, Own, Operate and Transfer (BOOT) basis.The scope of work includes augmentation and bay extension operations across three substations located in Rajasthan and Uttar Pradesh. These sites are Bhadla-III S/S in...

RBI Launches Rural Consumer Confidence Survey to Gauge One-Year Economic Outlook for 31 States The Reserve Bank of India (RBI) has initiated the July 2026 round of the crucial Rural Consumer Confidence Survey (RCCS). This regular exercise is designed to gather granular data on the economic health and future expectations of rural and semi-urban households across major parts of India. The results generated from this comprehensive study are vital inputs that will guide subsequent monetary policy decisions.Understanding the Scope of the RCCS The RCCS is meticulously structured to collect current perceptions as well as projections for one year ahead. These surveys cover critical economic indicators, including the general economic situation...

Kizi Apparels Ltd Receives Consideration for 18th Tranche of Convertible Warrants Kizi Apparels Ltd has successfully received the consideration for the 18th tranche of Convertible Warrants following its Board Meeting. The allotment was made on a preferential basis to Promoters and members of the Promoter Group or public Category.The company has received the amount of Rs. 6,32,400/- towards the 18th tranche of these Convertible Warrants. The consideration was paid by Mr. Umang Kamlesh Vora and Mr. Paresh J Patel.The warrants were issued at a price of Rs. 15.50/- each. This issue included a face value of Rs. 10.00/-, which incorporated a premium of Rs. 5.50/- per warrant.Stock Price Movement Kizi Apparels Ltd settled Wednesday after...

Precot Limited Establishes Foreign Subsidiary in Dubai for International Operations Precot Limited has successfully incorporated a new wholly owned subsidiary (WOS) aimed at facilitating its international business and investment strategies. The new entity, named Precot Holdings Limited, was established within the Jebel Ali Free Zone (JAFZA) in Dubai, United Arab Emirates.The incorporation of this WOS marks a significant step in Precot Limited’s global expansion. This subsidiary is wholly owned by the company, holding a 100% shareholding stake.Precot Holdings Limited is strategically positioned to engage in international business and investments both inside and outside the UAE. Its objects include operating as a holding company for a...

SEBI Issues Shocking Order: Trading in Osiajee Texfab Halted as Prima-Facie Fraud Scheme is Uncovered The Securities and Exchange Board of India (SEBI) has issued a stringent Ex-Parte Interim Order against 19 individuals related to Osiajee Texfab Limited (OTL). The order halts all trading in OTL shares, citing overwhelming prima-facie evidence of a coordinated fraudulent scheme designed to artificially inflate the stock price.The investigation centers on allegations that key management and associated entities manipulated the share price through deceptive practices, despite the company's core business activities being financially negligible. This intervention underscores SEBI’s commitment to market integrity and investor protection...

Banswara Syntex Ltd Fixes Record Date for Final Dividend on Equity SharesBanswara Syntex Ltd has announced the record date for determining entitlement of members to receive a final dividend for the financial year 2025-26. The company has fixed Thursday, July 23, 2026, as the designated record date.The decision follows the recommendation by the Board of Directors, which was held on May 19, 2026. During the board meeting, a final dividend was recommended at Re. 1 per equity share of Rs. 5 each for the financial year ended March 31, 2026.The payment of this final dividend is subject to approval by the shareholders of the company at its ensuing 50th Annual General Meeting (AGM).If the final dividend recommended by the Board of...

Transindia Real Estate Completes Acquisition of Comptech Solutions Shares, Takes 100% Voting Control Transindia Real Estate Ltd has successfully completed the acquisition of equity shares in Comptech Solutions Private Limited (CSPL), establishing CSPL as a subsidiary of Transindia Real Estate. The transaction involves acquiring 7,00,000 Class A Equity Shares of CSPL for an approximate consideration of ₹24 crore.The acquisition gives Transindia Real Estate Ltd control over the target company's voting rights and shareholding structure. According to the details, the acquired shares represent 48.28% of the total shareholding while granting 100% of the voting rights in Comptech Solutions Private Limited.With this transaction completed...

Music Broadcast Ltd Receives Demand Notice for Stamp Duty and Penalties on Lease DeedMusic Broadcast Limited has received a demand notice from the Deputy Collector, Stamp Duty Valuation Organization, Division-2, Ahmedabad, regarding the payment of stamp duty along with fines and penalties related to a lease deed executed by the company. The communication was received via speed post on July 08, 2026.The authority demanded payment based on Section 68 (2) of the Gujarat Stamp Act, 1958. The notice details allege a shortfall in stamp duty concerning the aforementioned lease deed.In relation to this demand, the Deputy Collector's order specifies the following financial requirements:Financial ComponentAmount DemandedStamp Duty...

TTK Prestige Operations in Roorkee Disrupted by Flooding; Company Assures No Material Impact TTK Prestige Ltd has reported a disruption at its manufacturing unit located in Roorkee, Uttarakhand. Operations were halted on July 9, 2026, following heavy rains and flooding in the region.The company is currently assessing any potential damage to the assets of the facility affected by the natural calamity. Regarding preparedness, TTK Prestige has stated that all assets at the site are adequately insured.Despite the operational halt at the Roorkee plant, management indicated that there is no anticipated material impact on the company's overall operations. This assessment is based on the fact that TTK Prestige maintains sufficient...

Concord Enviro Systems Invests Rs 10.53 Crores into RSSIPL for Brownfield Expansion Concord Enviro Systems Limited has committed an additional investment of Rs 10,53,55,536.40 in Rochem Separation Systems (India) Private Limited (RSSIPL), a wholly-owned subsidiary of the company. This investment was made by subscribing to 3448 Equity Shares through a rights issue at an issue price of Rs 30,555.55 per share.The acquisition relates to RSSIPL, which operates in the water and wastewater treatment sector. The investment is designated to finance the capital expenditure requirements for RSSIPL’s brownfield expansion project at Vasai, aligning with the objects disclosed in Concord Enviro Systems Limited's Prospectus dated December 23, 2024...

SAT Allows Promoters' Appeal; Overturns SEBI Adjudicating Officer's Order Against North Eastern Carrying Corporation Limited The Securities Appellate Tribunal (SAT) granted relief to the promoters of North Eastern Carrying Corporation Limited, setting aside an adverse order previously issued by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI). The decision was delivered on July 08, 2026, in relation to Appeal Nos. 397 and 398 of 2023.The Tribunal's order confirmed that both appeals filed by Mrs. Vanya Jain and Mr. Utkarsh Jain stood allowed. Consequently, the impugned order previously passed by the Adjudicating Officer (AO) of SEBI was set aside concerning the appellants. Furthermore, all pending...

Anand Rathi Wealth Limited Announces Q1 FY26 Results, Highlights Corporate Actions and Future Plans Anand Rathi Wealth Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company also announced several corporate developments, including plans to pursue a role as a mutual fund sponsor, alongside detailing significant equity actions such as a bonus issue and Employee Stock Option Plan (ESOP) approval.The Board of Directors approved these results during a meeting held on July 9, 2026. These unaudited figures, along with the Limited Review Report conducted by M/s KKC & Associates LLP, provide insight into the company’s performance across consolidated and standalone entities.Key Financial...

On Door Concepts Allots 20 Lakh Convertible Warrants at Rs 156 Per Warrant On Door Concepts Limited has approved and executed the preferential allotment of 20,00,000 Convertible Warrants. The warrants are convertible into an equivalent number of Equity Shares with a face value of Rs. 10/- per share and were issued at an Issue Price of Rs. 156/ per warrant, which includes a premium of Rs. 146/ each.The allotment was formalized by the Board of Directors meeting held on July 9, 2026, following approval granted by shareholders in an Extraordinary General Meeting on May 15, 2026. The entire transaction aggregated to Rs. 31,20,00,000 (Rupees Thirty-One Crore Twenty Lakh Only).The company received an upfront payment of Rs. 7,80,00,000...

HCLFoundation Partners with Uttar Pradesh Government to Advance Sustainable Waste Management in Three Cities HCLFoundation, which drives the corporate social responsibility agenda of HCLTech in India, has signed a Memorandum of Understanding (MoU) with the Urban Development Department, Government of Uttar Pradesh. This partnership aims to further the state's vision of advancing sustainable waste management practices across Hardoi, Prayagraj, and Agra in line with the Swachh Bharat Mission.Through this collaboration, HCLFoundation and the Urban Development Department will work together on strategic planning, pilot projects, policy and process reforms, and the deployment of IT-enabled solutions designed to improve waste management...