Markets

Jindal Photo Limited Re-appoints Manoj Kumar Rastogi as Managing Director for Five Years Jindal Photo Limited has approved the re-appointment of Mr. Manoj Kumar Rastogi as a Managing Director, effective from August 10, 2026. The decision was made by the Board of Directors during its meeting held on August 4, 2026, and is subject to approval at the ensuing Annual General Meeting.The company has extended the tenure for Mr. Rastogi for a period of five years. His existing term is set to conclude on August 9, 2026.The re-appointment decision aligns with the recommendation provided by the Nomination and Remuneration Committee of Jindal Photo Limited.Director Profile Details A review of the company records shows that Mr. Manoj Kumar...

Welspun Investments Approves Unaudited Financial Results for Quarter Ending June 30, 2026 Welspun Investments and Commercials Limited (WICL) announced that its Board of Directors approved the Unaudited Financial Results for the quarter ended June 30, 2026. The results were reviewed and recommended by the Audit Committee, and a Limited Review Report from the company's auditors was also attached to the announcement.The Board meeting concerning these results took place on August 04, 2026.Financial Performance Overview The Unaudited Financial Results detail various revenue streams, expenses, and comprehensive income metrics for the specified periods. The figures are presented in lakhs.ParticularsQtr Ended 30/06/2026 (Unaudited)Qtr...

NCLT Sanctions Amalgamation of Vintage Coffee's Subsidiaries into VC&B Limited The merger of two wholly owned subsidiaries, Vintage Coffee Private Limited and Delecto Foods Private Limited, into Vintage Coffee and Beverages Limited was sanctioned by the National Company Law Tribunal (NCLT), Hyderabad. The proposed Scheme of Amalgamation was approved with an Appointed Date of October 1, 2025, and will be binding on all stakeholders of the involved companies.The NCLT order confirmed the amalgamation process between Vintage Coffee Private Limited (Transferor Company No. 1) and Delecto Foods Private Limited (Transferor Company No. 2), with Vintage Coffee and Beverages Limited acting as the Transferee Company.Vintage Coffee and Beverages...

Deepak Nitrite Limited Reports Q1 FY27 Unaudited Results, Showing Strong Performance Across Segments Deepak Nitrite Limited announced its un-audited financial results for the quarter ended June 30, 2026, with both standalone and consolidated figures indicating robust operational performance. The company reported key metrics across all primary segments, as detailed in the interim financial statements.Standalone Financial Performance For the quarter ending June 30, 2026, Deepak Nitrite Limited’s standalone results showed healthy profitability. Revenue from operations stood at 806.76 Crores. The company recorded total income of 812.94 Crores. With total expenses amounting to 725.85 Crores, the company reported a Profit Before Tax of...

NRIs Can Bypass Rupee Conversion: How GIFT City Is Revolutionizing Dollar Investments in India Gujarat International Finance Tec-City (GIFT City) is rapidly emerging as a pivotal financial destination for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). This international financial hub allows investors to access both global and Indian investment products entirely within a dollar-denominated, tax-efficient ecosystem. For years, NRIs faced significant friction converting dollars into rupees and navigating complex repatriation rules. GIFT City solves this fundamental hurdle, presenting an alternative that makes seamless overseas investments possible from India's soil.Why Global Investments Are Simpler in the IFSC...

Deepak Nitrite Limited Appoints Lohit Shringi as Chief Executive Officer for Advanced Intermediates Business Deepak Nitrite Limited has announced that its Board of Directors approved the appointment of Shri Lohit Shringi as the Chief Executive Officer (CEO) for the company's Advanced Intermediates Business. The appointment, effective from 4th August, 2026, establishes Mr. Shringi in a permanent role within the organization.The decision was formalized during a Board meeting held on 4th August, 2026.Shri Shringi brings extensive experience across multiple domains and industries. He possesses over 27 years of leadership experience covering P&L management, strategic transformation, innovation, operations, governance, business...

Tarun Jain Resigns as Independent Director of Rudrabhishek Enterprises Limited Rudrabhishek Enterprises Limited has announced the resignation of Mr. Tarun Jain from his position as Independent Director of the company. The decision was made due to personal commitments, and Mr. Jain’s cessation from duties is effective August 4, 2026.The departure reflects a change in the board composition of Rudrabhishek Enterprises Limited. Mr. Jain tendered his resignation, citing personal reasons that require his immediate attention and full focus. The company confirmed that there are no material factors related to his resignation other than those stated.Mr. Tarun Jain held the position as an Independent Director.Key details regarding the...

SEBI issues Administrative Warning to Delphi World Money Limited over Non-compliance Violations SEBI has issued an administrative warning letter to Delphi World Money Limited concerning instances of non-compliance with specific regulations outlined under the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warning addresses failures related to disclosure obligations regarding pending litigation and corporate filings.The Securities and Exchange Board of India (SEBI), through its Corporation Finance Department, issued the administrative warning letter on August 4, 2026.The primary issue centers on non-compliance with Regulation 4 and Regulation 30 read in...

Orient Bell Limited Approves Grant of 68,000 Stock Options under ESOP Scheme Orient Bell Limited announced that its Compensation Committee approved a significant grant of Employee Stock Options (ESOP) on Tuesday, August 4, 2026. The options are part of the Employees Stock Option Scheme, 2021, intended to incentivize employees.The company confirmed the details of the granted options, which total 68,000 stock options. Each option is convertible into an equity share, with a face value of Rs. 10/- per share. The Exercise Price for these options is set at Rs. 10/- per share, matching the face value.A summary of the ESOP grant details is provided below:ParticularsDetailScheme NameEmployees Stock Option Scheme, 2021Total Options...

RBI Extends Critical Directive for Pusad Urban Co-operative Bank, Mandating Further Compliance Action Until November 2026 Regulatory Extension Confirmed for Pusad Urban Co-operative Bank Ltd. The Reserve Bank of India (RBI) has issued a directive extending the operational period for The Pusad Urban Co-operative Bank Ltd., located in Pusad, Dist. Yavatmal, Maharashtra. This action involves directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949.The decision comes after previous extensions and maintains regulatory oversight over the institution's operational compliance standards. The RBI determined that further extension of the directive was necessary in the public interest.Details of the Extended...

Sai Silks Announces Corrigendum for 18th Annual General Meeting; details of CEO Appointment and Director Commission Released Sai Silks (Kalamandir) Limited has issued a corrigendum to the Notice of its 18th Annual General Meeting (AGM), scheduled for August 10, 2026. The corrigendum supersedes previous draft resolutions regarding two key items: the appointment of the Chief Executive Officer (CEO) and the payment of commission to Non-Executive Independent Directors.The revised notice provides detailed information on these critical matters, which are integral parts of the company's AGM documents.Appointment of Mr. Bharadwaj Rachamadugu as CEO Item No. 5 of the corrigendum details the appointment of Mr. Bharadwaj Rachamadugu as Chief...

Exicom Tele-Systems Reports Shareholding Dilution in Subsidiary Following Debenture Conversion Exicom Tele-Systems Limited has reported a reduction in its stake in its subsidiary, Exicom Power Solutions B.V., following the approval and completion of Optionally Convertible Debentures (OCDs) into ordinary equity shares.The dilution is consequent to the conversion activities undertaken by Exicom Power Solutions B.V., which is identified as a material subsidiary of the parent company. The Board of Directors of Exicom B.V. has approved the conversion of OCDs aggregating to USD 1.5 million (approximately EUR 1.31 million) into ordinary equity shares, which have a nominal value of EUR 1 each.The cumulative effect of these conversions...

SEBI Unlocks Global Capital Flows as It Seeks Input on REIT and InvIT Depository Receipts Securities and Exchange Board of India (SEBI) has issued a crucial Consultation Paper detailing proposed regulatory changes for the issuance of Depository Receipts (DRs) against units of Real Estate Investment Trusts (REITs) and Publicly Listed Infrastructure Investment Trusts (InvITs). This move is poised to significantly expand global investment avenues into Indian real estate and infrastructure assets.The paper, released on August 04, 2026, invites comments from market participants regarding the proposed framework. These proposals are rooted in recommendations by SEBI’s Hybrid Securities Advisory Committee (HYSAC). The move aims to create a...

Creative Newtech Limited Reports Q1 FY27 Results: Total Income Hits Rs 476.84 Crore; EBITDA Jumps 64.73% Creative Newtech Limited, a specialist in market entry and brand business solutions, announced its unaudited consolidated financial results for the first quarter (Q1) of the fiscal year 2027 (FY27), ending June 30, 2026. The company reported that strong contributions from its Market Entry and Brand Business segments drove significant growth across key metrics.The company saw Total Income reach Rs 476.84 crore in Q1 FY27. Earnings Before Interest, Depreciation, and Amortisation (EBIDTA) stood at Rs 24.89 crore, marking a sharp year-on-year increase of 64.73%. Profit After Tax (PAT) for the quarter was reported at Rs 13.54 crore...

Deepak Nitrite's Board Approves Major Project for Bisphenol A Manufacturing The Board of Directors of Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has approved an ambitious project aimed at manufacturing Bisphenol A (BPA). This new capacity will stand up to 240 KTA and is backed by an investment totaling around ₹2,500 Crores, which encompasses the related greenfield infrastructure capital expenditure.The approval for the BPA facility allows Deepak Nitrite Limited to significantly expand its integrated manufacturing capabilities across the chemical value chain. The project investment is subject to confirmation upon the completion of detailed engineering and will be financed through a mix of debt...

SEBI Cracks Down: Registrations Cancelled for 17 Research Analysts After Failing Mandated Renewal Payments The Securities and Exchange Board of India (SEBI) has issued a decisive order resulting in the cancellation of Certificates of Registration for seventeen registered Research Analysts (RAs). The action stems directly from these firms and individuals failing to pay mandatory renewal fees as required under SEBI regulations. This regulatory move reinforces compliance standards within the financial advisory sector.Mandatory Fees Led to RA Cancellations The regulation requires all registered Research Analysts to maintain their certificates by paying a specific renewal fee every five years, starting from the date of initial...

Sudeep Pharma Reports Q1 Financial Results for FY26; Revenue Stands at 15,827.05 Lakhs Sudeep Pharma Limited has announced its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 4, 2026.The consolidated results showed strong performance across the group’s operations. Total Income for the quarter reached 16,371.59 lakhs, while Revenue from operations was reported at 15,827.05 lakhs. Profit for the period stood at 4,058.69 lakhs.The unaudited consolidated financial results include data spanning various entities within the group. The company also noted that it completed a final purchase price...

ICICI Prudential Life Insurance Partially Wins Tax Appeal, Faces Upholding of Tax Demand for FY2018 to FY2020 ICICI Prudential Life Insurance Company Limited has received an order concerning a tax demand related to the Tamil Nadu Goods and Service Tax Act (TNGST Act). The appeal petition filed by the company against the initial assessment has been partially allowed, while the tax demand has been partially upheld.The order was issued by the Commissioner (Appeals-I), and the company received the communication on August 3, 2026. This matter pertains to an initial order passed under Section 73 of the TNGST Act by the Additional Commissioner, Tamil Nadu, covering financial years FY2018 to FY2020.The dispute involves several issues...

Hindustan Foods Limited Releases Quarterly Results, Highlights Strategic Acquisition and Operational Challenges Hindustan Foods Limited (HFL) announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The company's results show significant revenue generation across the group, even as it grapples with operational disruptions at one of its facilities.The Board of Directors reviewed the financial statements in a meeting held on August 4, 2026. The unaudited results were approved and reflect continued business operations despite recent strategic acquisitions and unforeseen events.Group Financial Performance (Consolidated) The consolidated figures for HFL show robust operational income. For...

ASK Automotive Releases Q1 Financial Results; Board Approves New Internal Auditor Appointment ASK Automotive Limited has announced its Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026. The company's Board of Directors approved these results during a meeting held on August 4, 2026, along with the appointment of M/s Ernst & Young LLP as an Internal Auditor for the Financial Year 2026-27.The Board decision included approving the financial performance data alongside the Limited Review Report provided by the company's Statutory Auditors.Appointment of Internal Auditor In a key operational update, the Board approved the appointment of M/s Ernst & Young LLP as an Internal Auditor for ASK...