Markets

Virinchi Limited Approves AGM Date and Reappoints Director Amid Board Meeting Outcome Virinchi Limited (formerly Virinchi Technologies Limited) announced key outcomes following its board meeting held on August 22, 2026. The company approved the schedule for its 37th Annual General Meeting (AGM), accepted reports for the financial year ended March 31, 2026, and ratified the re-appointment of Director Mr. Satyanarayana Vedula.The Board meeting determined that the 37th Annual General Meeting of Virinchi Limited will be conducted on Wednesday, September 30, 2026. The AGM is scheduled to take place via Video Conferencing or other Audio Visual Means (VC/OVAM).The company also approved the Boards Report, Corporate Governance Report, and...

Apollo Micro Systems forms associate in new entity Shauryastra Defence Systems focusing on complete weapon platformsApollo Micro Systems Limited has subscribed to a significant stake in the newly incorporated Shauryastra Defence Systems Private Limited, marking a strategic move into developing complete defence weapon systems for the nation. This investment helps establish Shauryastra as a dedicated technology and development arm of the Apollo Group, focused on addressing unsolved operational problems faced by India's Armed Forces.Shauryastra Defence Systems Private Limited was incorporated in August 2026 and is positioned as an associate entity to Apollo Micro Systems Limited. The company’s mandate is to undertake research, design...

Delhi High Court Orders Kent RO to Pull Down Disparaging Ads Targeting Urban Company's Water PurifiersUrban Company Limited has taken legal action against Kent RO Systems Limited following a defamation and disparagement suit filed in the Delhi High Court. The company initiated proceedings after advertisements launched by Kent RO made false and misleading claims concerning Urban Company’s NATIVE water purifiers.The lawsuit stems from Kent RO's extensive advertising and social media campaign, which targeted the 2-year filter life and 2-year service life feature offered by Urban Company for its Native M0, M1, M2, M1 Pro, and M2 Pro water purifiers. Kent RO’s promotional material falsely claimed that this two-year feature was a...

Eppeltone Engineers Lands Order for Supply of Energy Meters Valued at Rs 90.92 Lakhs Eppeltone Engineers Limited has secured a contract for the supply of energy meters, valued at Rs 90,92,925 /- (Including Taxes). The order was received on August 22, 2026, from a domestic entity.The contract falls under the category of supplying Energy Meters to meet various industrial and commercial needs. Eppeltone Engineers Limited specializes in Power Conditioning, Smart Metering, Energy Measurement, LED solutions, and Solar Equipment.Details regarding the awarded order have been summarized below:ParticularsDetailsNature of OrderSupply of Energy MetersEntity Awarding OrderDomestic EntityOrder ValueRs 90,92,925 /- (Including Taxes)...

Record Forex Inflows Surge Through FCNR(B) Deposits as RBI reports $72.8 Billion USD-INR Swap Rally The Reserve Bank of India (RBI) has reported significant foreign exchange inflows channeled through its specialized currency swap facility. As of August 21, 2026, the total forex inflow stood at $72,848 million, demonstrating strong participation in the designated mechanism designed to bolster Forex liquidity and stabilize the USD-INR market.Understanding RBI’s Foreign Currency Swap Facility The special USD-INR Forex Swap facility was introduced by the RBI on June 08, 2026. This scheme is specifically designed to accommodate forex inflows derived from three categories: Non-Resident FCNR(B) deposits, External Commercial Borrowings...

IRIS RegTech Solutions Incorporates Wholly Owned Subsidiary in UAE for Regional ExpansionIRIS RegTech Solutions Limited, formerly known as IRIS Business Services Limited, has successfully incorporated a wholly owned subsidiary (WOS) in the United Arab Emirates (UAE). The new entity is set up to bolster the company's international presence and facilitate participation in specialized technology markets across the region.The incorporation of the WOS was completed on August 20, 2026. This strategic move aims to establish a significant business footprint within the UAE and the wider Middle East market. The subsidiary is focused on supporting SupTech and RegTech opportunities while cultivating regional client relationships, paving the way...

Tilaknagar Industries Takes Indian Spirits to Times Square for Independence Day Celebration Tilaknagar Industries Ltd. brought two of its premier spirits, Mansion House Brandy and Monarch Legacy Edition Brandy, to Times Square in New York City as part of its Independence Day celebrations. The 72-hour campaign highlighted the journey of the nearly century-old company, showcasing Indian brands on one of the world's most iconic advertising destinations.The campaign ran from August 14 to August 16. During this period, the 10-second brand films played across Times Square screens every 100 seconds, resulting in an estimated 2,592 plays. The event reached a visitor base of more than 1.2 million people during its duration.A Legacy Rooted in...

Highway Infrastructure Limited Signs Contract for Palayam Fee Plaza Operation on NH-44 Highway Infrastructure Limited has signed a contract agreement with the National Highways Authority of India (NHAI) for the operation and user fee collection at the Palayam Fee Plaza. The contract, finalized on August 21, 2026, pertains to the BOT basis operations of the plaza located on NH-44 in Tamil Nadu.The company’s agreement encompasses the engagement as a User Fee Collection Agency for the Palayam Fee Plaza. This facility is situated at Km 154+500 along the Krishnagiri to Thumbipadi section, covering the stretch from Km 94+000 to Km 180+000. The contract also includes responsibilities for the upkeep and maintenance of adjacent toilet blocks...

Natco Pharma Concludes US FDA Inspection at Andhra Pradesh FDF Unit Natco Pharma Limited (BSE: 524816; NSE: NATCOPHARM) has announced the conclusion of a U.S. Food and Drug Administration (FDA) inspection conducted at its Finished Dosage Formulations (FDF) unit located in Visakhapatnam, Andhra Pradesh, India.The FDA inspection took place from August 17 to August 21, 2026, focusing on the company's FDF manufacturing plant in Parawada, Visakhapatnam.Following the conclusion of the review, Natco Pharma received a Form 483 detailing the observations. The document contained four specific observations.The Company stated that it believes these findings are procedural in nature and expressed confidence in comprehensively addressing all...

Coromandel International Faces GST Demand and Penalty Following Appeal Order from Jammu Authority Coromandel International Limited has received an order from the Joint Commissioner(Appeals), CGST Appeal Commissionerate, Jammu, concerning a tax demand related to Financial Year 2018-19. The order was received by the company on August 20, 2026.The appeal concerns Section 73 of the CGST / JKGST Act, 2017 read with corresponding provisions of the IGST Act, 2017. The authority issued an Order-in-Appeal involving a tax amount amounting to Rs. 1,23,51,441/- along with a penalty of Rs.12,35,144/- and applicable interest.The demand was based on the alleged excess availment of Input Tax Credit (ITC). The specific violation centers on a...

Income Tax Appeals: ESAB India Faces Penalty Upholding from CIT(A) Over Two Financial Years ESAB India Limited has received orders from the Commissioner of Income Tax (Appeals), which have upheld penalties imposed by the Assessing Officer related to two financial years. The company is currently reviewing these outcomes and plans to appeal further against the decisions.The matter concerns penalties arising from an alleged underreporting of total income. These penalties were originally levied following orders issued by the Income Tax Assessing Officer in December 2025.ESAB India Limited had previously filed appeals under section 250 of the Income Tax Act before the Commissioner of Income Tax (Appeals) against these penalty...

TAC Infosec Fined by NSE for Non-Compliance Regarding Compliance Officer Appointment TAC Infosec Limited has received a fine from the National Stock Exchange of India Limited (NSE) following non-compliance with certain regulatory requirements pertaining to corporate appointments. The fine was imposed for failing to meet regulations concerning the appointment of a Qualified Company Secretary and Compliance Officer during the period spanning June 11, 2026, to June 24, 2026.The National Stock Exchange determined that TAC Infosec had violated Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The imposition of the fine was issued based on a review of the exchange’s records for the quarter ended...

Innova Captab Limited Approves Financial Revisions and Greenlights Major Manufacturing Facility Expansion Innova Captab Limited has announced the approval of revised consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. The company's Board of Directors also approved a significant brownfield expansion plan for its manufacturing facility located in Baddi, Himachal Pradesh.The company’s decisions, finalized following the Board meeting on August 21, 2026, include making necessary adjustments to previous financial statements and outlining future capacity additions at its key operational site.Financial Results Summary Innova Captab Limited reported comprehensive results for the quarter and...

Flexituff Ventures International Completes Board Meeting, Reports Losses Amid Operational Difficulties; Names New Scrutinizer Flexituff Ventures International Limited concluded its Board meeting on August 21, 2026, reviewing and approving a series of critical reports. The company's unaudited financial results for the quarter ended June 30, 2026, were released, detailing ongoing operational and financial challenges, amidst which the management appointed M/s Ritesh Gupta & Co. as the Scrutinizer for the upcoming Annual General Meeting (AGM).The Board of Directors reviewed the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with associated reports. The meeting also approved the Notice...

Shivalik Bimetal Controls Grants Rs 11 Crore Unsecured Loan to Wholly Owned Subsidiary Shivalik Bimetal Controls Limited has entered into a loan agreement with its wholly owned subsidiary, Shivalik Engineered Products Pvt. Ltd. The transaction involves the lending of an unsecured amount intended to meet working capital requirements and facilitate term loan repayment for the subsidiary.The Agreement was executed on August 21, 2026, between the company (acting as the lender) and Shivalik Engineered Products Pvt. Ltd. (SEPPL), which serves as the borrower.The specifics of the loan agreement are detailed below:ParticularsDetailsLenderShivalik Bimetal Controls LimitedBorrowerShivalik Engineered Products Pvt. Ltd.Nature of...

Subex Secures 3-Year Engagement Worth Euro 0.6 Million with Major European Fibre Operator Subex Limited has secured a new engagement with a major European open-access fibre operator, marking a significant expansion in the company's presence across the European market. The contract involves deploying Subex’s Partner Ecosystem Management solutions to support the operator in expanding its wholesale business ecosystem.The deal is valued at Euro 0.6 million and spans a period of three years. This engagement entails comprehensive end-to-end operations, professional services, and ongoing support. By providing these managed services, Subex enables the European operator to handle complex settlement processes without needing to maintain...

Hindalco Industries Limited Incorporates UHG Holdings in GIFT City to Bolster Operational Network Hindalco Industries Limited has taken a strategic step by incorporating UHG Holdings IFSC Private Limited, an entity designed to strengthen the business and operational network of the company. The new holding company was incorporated on August 20, 2026, within the International Financial Services Centre (IFSC) in GIFT City, Gujarat.UHG Holdings has become a related party to Hindalco Industries Limited, as it was incorporated jointly by Hindalco along with UltraTech Cement Limited and Grasim Industries Limited (a Promoter Group Company). The entity is governed by the laws of the International Financial Services Centres Authority (IFSCA)...

Paradeep Phosphates Faces Customs Penalty Over Prilled Urea Importation Paradeep Phosphates Limited has faced an adjudication order from the Office of the Commissioner of Customs, Goa, regarding the import and classification of seven consignments of Prilled Urea. The ruling resulted in significant fines and penalties against the company related to alleged mis-declaration of the imported goods.The proceedings stemmed from a Show Cause Notice dated December 5, 2025. The Adjudicating Authority determined that the imported urea did not qualify as Technical Grade Urea because its biuret content exceeded 0.80%, thus placing it under Fertilizer Grade Urea. Consequently, the goods were deemed prohibited and liable for confiscation under...

Reserve Bank of India Imposes Penalty on Punjab National Bank for Operational Guideline Non-compliance Punjab National Bank has been penalized by the Reserve Bank of India (RBI) regarding non-compliance with operational guidelines related to Currency Chests, according to details released by the bank.The RBI imposed a monetary penalty totaling Rs. 4,33,900/- on the bank. This action followed a review concerning adherence to the Master Directions issued by the RBI for Currency Chest operations.Key details of the penalty and violation are presented below:ParticularsDetailsName of AuthorityReserve Bank of IndiaNature and details of the action takenImposition of monetary penalty of Rs. 4,33,900/-Date of receipt of direction...

RBI Levies ₹2 Lakh Compounding Fine Against Tata Motors Passenger Vehicles Over Historical FEMA Non-Compliance Tata Motors Passenger Vehicles Limited, formerly known as Tata Motors Limited, has received a compounding order from the Reserve Bank of India (RBI), Foreign Exchange Department, regarding a historical compliance issue related to an overseas investment. The penalty levied by the RBI amounts to ₹2,00,000.The RBI issued the Compounding Order on August 20, 2026, directing the company to pay the compounding amount in relation to a non-compliance under Regulation 5(1) of the Foreign Exchange Management (Transfer and Issue of any Foreign Security) Regulations, 2004. The matter pertains to an overseas investment made in 2015.The...