Markets

MSEDCL Demands Rs 140 Crore Payment from Eurotex for Multiple Accounts; Threat of Disconnection Issued Mumbai: Maharashtra State Electricity Board (MSEDCL) has demanded a total outstanding payment of Rs 140,45,14,608.55 across three consumer accounts belonging to Eurotex Industries and Exports Limited. The notice warns that if the total amount is not paid within 15 days, the current electricity supply for one of their connections will be disconnected.The demand covers payments related to both permanently closed and currently active high voltage electricity connections held by the company. As per the notification from MSEDCL, the total outstanding amount across all three accounts amounts to Rs 140,45,14,608.55, which must be settled...

Torrent Power Reports Q1 Results for FY2026; Shows Strong Performance in Standalone and Consolidated Statements Torrent Power Limited announced the outcomes of its Board Meeting held on August 3, 2026, detailing the unaudited financial results for the quarter ended June 30, 2026. The company also provided statements regarding the utilization and deviation of proceeds from Non-Convertible Debentures (NCDs) issued during the period.The company recently completed the acquisition of Nabha Power Limited (NPL), which commenced on June 25, 2026. NPL is engaged in generating electricity via its 2X700 MW coal based Supercritical Thermal Power Plant located in Punjab and benefits from long term Power Purchase Agreements (PPAs) with Punjab State...

Avadh Sugar & Energy Reports Q1 FY27 Results: Total Income Reaches Rs 781.05 Cr, EBITDA Improves Avadh Sugar & Energy Limited (ASEL) has released its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), reflecting performance across its integrated sugar and ethanol operations.The company reported notable improvements in key profitability metrics compared to Q1 FY26, despite facing pressure in the regional sugar sector.Financial Highlights for Q1 FY27 The results demonstrate a positive trend in revenue and earnings, particularly driven by specialized operations within the industry. The performance comparison is as follows:MetricQ1 FY27 (Rs Cr)Q1 FY26 (Rs Cr)Total Income781.05716.91...

Accountant Fraud Leads to ₹84 Lakh Misappropriation at Rachana Infrastructure Limited Rachana Infrastructure Limited has confirmed a case of fraud involving an internal employee, revealing that funds were misused over a multi-year period. The misuse involved misrepresenting and falsifying payment lists within the company’s payout system, resulting in financial loss.The fraudulent activity was committed by Mrs. Anjanaben Rajnikantbhai Patel, an accountant who had been employed at Rachana Infrastructure Limited since 2019. During her tenure, she allegedly abused the internal procedures for paying bills and salaries to creditors and employees in different states. By including the names of her son and other relatives on these false payout...

KSR Footwear Limited Announces 3rd Annual General Meeting for FY2025-26 KSR Footwear Limited (KFL) has scheduled its 3rd Annual General Meeting (AGM) for members, which will include the review of the Annual Report for the financial year ended March 31, 2026.The AGM is set to be held on Monday, August 24, 2026, at 11:30 a.m. (IST). The meeting will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM).KFL has provided details regarding the availability of the Notice of the AGM along with the Annual Report for the financial year 2025-26. Shareholders who do not have an email address registered with the company, its Registrar & Share Transfer Agent (RTA), or Depository Participants (DPs) are being provided a...

Sanathan Textiles Reports Q1 FY27 Results, Driven by Expanded Capacity and Operational Efficiency Mumbai, August 03, 2026: Sanathan Textiles Limited, an integrated yarn manufacturer operating across Polyester Filament Yarns, Cotton Yarns, and technical textiles, announced its un-audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company reported significant growth in consolidated revenue and EBITDA, attributing the performance to disciplined raw material procurement and expanded manufacturing capability.The results highlight a strong operational standing at the company while noting ongoing volatility within the global yarn industry.Consolidated Financial Performance Sanathan Textiles...

Indiabulls Limited Updates Shareholding Pattern Following Warrant Conversion and ESOP Exercise Indiabulls Limited, formerly Yaari Digital Integrated Services Limited, has shared updated details regarding its shareholding pattern following significant corporate actions involving warrants conversion and employee stock option exercises.The company confirmed that 100% of the proposed warrants were fully subscribed and converted into an equivalent number of fully paid-up equity shares of face value Rs. 2/-. Additionally, the full exercise of outstanding Employees Stock Options (ESOPs) aggregating to 2,18,29,500 was completed.These transactions have resulted in changes across various shareholding categories, impacting the company's total...

Dynamic Services & Security Limited’s Subsidiary Secures Work Order from South Eastern Railway The company's wholly owned subsidiary, THE BHARAT BATTERY MANUFACTURING PRIVATE LIMITED, has secured a work order from the South Eastern Railway for supplying Low Maintenance Lead Acid Starter Batteries. This contract represents a significant business development opportunity within the supply chain sector.The work order specifies the nature of the transaction as the supply of Low Maintenance Lead Acid Starter Batteries. The contracting entity awarding the order is the South Eastern Railway, and the contract was secured by the subsidiary from this domestic railway entity.Details regarding the newly awarded contract are as follows...

Jain Resource Recycling Posts Q2 Results Amid Key Director Resignation Jain Resource Recycling Limited, formerly known as Jain Resource Recycling Private Limited, announced its un-audited financial results for the quarter ended June 30, 2026. The company also disclosed the resignation of Mr. Kandaswamy Paramasivan from the Board of Directors.The Board of Directors reviewed and approved the unaudited standalone and consolidated financial results for the quarter. Additionally, the board considered several operational matters, including the proposed holding of the 5th Annual General Meeting (AGM) on August 27, 2026.Director Resignation Mr. Kandaswamy Paramasivan resigned as an Independent Director of Jain Resource Recycling Limited...

Kalpataru Limited Reports Resilient Q1 FY27 Performance with Presales at ₹1,329 Crore and Collections up 17% Mumbai: Kalpataru Limited, a prominent developer in the Mumbai Metropolitan Region (MMR), announced its operational results for the quarter ending June 30, 2026. The company reported presales valued at ₹1,329 crore, marking a 6% year-on-year increase, while collections reached ₹1,365 crore, demonstrating significant growth in customer conversions and cash flow generation.Parag Munot, Managing Director of Kalpataru Limited, commented on the quarterly performance, stating that the results reflect sustained demand across key markets and continued execution focus. He noted that the strong collections growth reinforced the company's...

The Great Eastern Shipping Company Announces Interim Dividend of Rs. 14.40 Per Share, Details TDS Requirements The Board of Directors of The Great Eastern Shipping Company Limited has declared an interim dividend of Rs. 14.40 per equity share for the financial year 2026-27. In conjunction with this declaration, the company outlined specific provisions regarding the deduction of Income-tax at source (TDS) on the dividend payments, which will be governed by the Income-tax Act, 2025.The payment of the interim dividend is subject to TDS/withholding tax deduction, with applicable rates varying based on the residential status and documentation provided by the shareholder. The company mandated that all dividend payments must be made in...

RBI Taps Banking Veteran Smt. Monisha Chakraborty as Executive Director in Major Strategic Move The Reserve Bank of India (RBI) has announced a high-profile appointment in senior management. Smt. Monisha Chakraborty has been appointed as the new Executive Director (ED), effective from August 3, 2026. This move underscores the RBI's focus on strengthening its regulatory and oversight functions within critical financial areas.Strategic Role and New Responsibilities As Executive Director, Smt. Monisha Chakraborty will hold significant responsibility over two crucial departments at the central bank. These departments are the Foreign Exchange Department and the Financial Markets Regulation Department. Her appointment immediately places her...

Sat Kartar Life Announces 14th AGM and Provides Link to FY2025-2026 Annual Report Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has announced the details for its upcoming 14th Annual General Meeting (AGM). The company also provided access to its Annual Report for the Financial Year 2025-2026.The AGM is scheduled to be held on Friday, August 28, 2026, at 10:00 am IST. Shareholders can attend the meeting via Virtual Conference (VC) or Audio Visual Meeting (OAVM).In addition to the AGM notice, Sat Kartar Life Limited ensured that shareholders who do not have registered email addresses with the Company, Registrar & Transfer Agent, or Depository Participants were informed of the availability of their Annual...

Praj GenX Secures Global Framework Agreement for Hyperscale Data Center Components Praj GenX Ltd., a wholly owned subsidiary of Praj Industries Limited, has signed an exclusive framework supply agreement with a leading global engineering, procurement and construction (EPC) company. This deal establishes Praj GenX as a key player in the rapidly expanding data center sector by committing to manufacture and supply precision fabrication components and modules for hyperscale data center infrastructure projects.The agreement represents one of the long-term Framework Agreements that Praj GenX is pursuing with its global clientele across various industrial sectors. The framework commits a minimum business value of US$52 million, which...

360 ONE Subsidiary Receives Certificate of Registration from IFSCA for Fund Management 360 ONE Global Asset Management (IFSC) Limited, a wholly owned subsidiary of 360 ONE Asset Management Limited and a step-down wholly owned subsidiary of 360 ONE WAM LIMITED, has received the Certificate of Registration from the International Financial Services Centres Authority (IFSCA). The certification enables the entity to operate as a Registered Fund Management Entity (Retail).The receipt of this certificate occurred on August 3, 2026. This milestone follows an earlier intimation dated April 20, 2026, regarding the in-principle approval granted by IFSCA to 360 ONE Global Asset Management (IFSC) Limited.360ONE Stock Price Movement Today, shares...

Jupiter Wagons Limited Acquires Final Stake in Railwheel Factory, Achieves Wholly Owned Subsidiary StatusJupiter Wagons Limited has completed the acquisition of the remaining equity stake in Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), making the railwheel entity a wholly owned subsidiary of the company. The transaction saw the shareholding of Jupiter Wagons increase from 98.06% to 100%.The completion of this acquisition means that Jupiter Tatravagonka Railwheel Factory Private Limited is now fully integrated into the operations of Jupiter Wagons Limited.JTRWF, a subsidiary of the company, specializes in manufacturing components for rolling stocks, including wheels, axles, and wheel sets. The entity has been...

UCO Bank Publishes Possession Notices Against Flexituff Ventures International Limited UCO Bank has announced that it has published possession notices in major newspapers concerning its loan to Flexituff Ventures International Limited. The actions were taken in accordance with the provisions of the SARFAESI Act, 2002 and the Security Interest (Enforcement) Rules, 2002.The bank issued these notifications across one English newspaper and one vernacular language newspaper, specifically Free Press and Dainik Bhaskar. This move follows an earlier intimation provided by the company on July 30, 2026.The possession notices relate to a loan availed by Flexituff Ventures International Limited from the Pipliyahana Branch of UCO Bank in Indore...

Can Fin Homes Announces Final Dividend of Rs 8 Per Equity Share for Financial Year 2025-26 Can Fin Homes Limited has confirmed that the final dividend for the financial year 2025-26 has been credited to the bank accounts of its shareholders. The payment was made on August 03, 2026.The company announced a Final Dividend amounting to Rs 8.00 per equity share. This dividend reflects a rate of 400%, based on the Face Value of Rs 2/- each per equity share.The dividend disbursement covered the performance of Can Fin Homes Limited during the Financial Year 2025-26. Shareholders who had submitted their bank account particulars to the Company or the Depository Participants or the Registrar and Share Transfer Agents received the credited...

Barflex Polyfilms Commences Operations at New HP Unit, Reports Financials and Details AGM Plans Barflex Polyfilms Limited, a prominent player in the flexible packaging and polyfilms manufacturing industry since 2005, has achieved a major operational milestone. The company successfully commenced operations at its new state-of-the-art manufacturing unit located in Village Kotla, Tehsil Baddi, District Solan, Himachal Pradesh.The establishment of this advanced facility comes with a capital investment of Rs 1,911.04 lakh for plant and machinery and other miscellaneous assets. The new unit is designed to significantly boost the company’s market presence and production capacity. The installed production capacity at the new site includes 50...

Samhi Hotels Limited Reports Q1 Results; Approves Capital Increase and Acquisition of Itmenaan Lodges Samhi Hotels Limited has announced the outcomes of its Board meeting held on August 3, 2026, releasing unaudited financial results for the quarter ended June 30, 2026. The company also approved a significant increase in authorized share capital and an enabling resolution to raise funds up to INR 750 crore.The Company’s Board reviewed the quarterly performance alongside approving strategic decisions including a full acquisition of Itmenaan Lodges Private Limited.Financial Performance Highlights (Q ended June 30, 2026) Samhi Hotels reported its Unaudited Financial Results (UFRs), while the consolidated statements provided an overview...