Markets

ABH Healthcare SME IPO Opens Monday: Check Price Band, Fund Allocation, as Hospital Chain Targets Growth ABH Healthcare Ltd., a growing multi-speciality provider, is set to begin its Initial Public Offering (IPO) on Monday. The public issue offers an opportunity for investors to participate in the listing of this rapidly expanding healthcare entity. The shares are slated for listing on the NSE SME platform Emerge starting September 1.Key Details of the ABH Healthcare IPO The company is offering a fresh issue of up to 34.29 lakh equity shares, comprising a total share sale worth ₹34.98 crore. The price band for the issue has been fixed at ₹96 to ₹102 per share. Interested investors must complete their subscription by August 27...

Gujarat Intrux Ltd Board Meeting Decisions, Announces 34th AGM Details, and Appoints New Company Secretary Gujarat Intrux Ltd, a steel and alloy steel casting manufacturer, held its Board of Directors meeting on August 23, 2026. Key outcomes from the meeting included the approval of the Directors' Report for the financial year ended March 31, 2026, and significant appointments and personnel changes within the company.Annual General Meeting and Operational Approvals The meeting approved the Directors' Report, including all necessary annexures, for the fiscal year ended March 31, 2026. The Board set the date for the 34th Annual General Meeting (AGM) as Friday, September 25, 2026, scheduled for 11:00 a.m., which will be held through...

Sayaji Hotels' Hotel Bar License Suspended by Excise Department Sayaji Hotels (Indore) Ltd has received an order from the Office of the Collector (Excise), District Indore, directing the suspension of its Hotel Bar (FL-3) Licence. The suspension is linked to the previous order issued by the Food Safety and Standards Authority of India (FSSAI).The Excise Department issued the suspension order on August 22, 2026. The license is set to remain suspended until the revocation of the FSSAI suspension order or until March 31, 2027, whichever occurs earlier.The order from the Office of the Collector (Excise) was issued in response to the order dated August 21, 2026, issued by the FSSAI.In a related development, the High Court of Madhya...

Aeron Composite Limited Announces Resignation of Managing Director and Director Aeron Composite Limited has announced the resignation of Mr. Chirag Chandulal Patel from the positions of Managing Director and Director of the company.Mr. Patel submitted his resignation in a letter dated August 21, 2026. The company received the resignation on August 22, 2026.The resignation is attributed to personal and professional commitments. Mr. Patel will cease his duties as Managing Director and Director effective from the close of business hours on September 30, 2026.The key details regarding the resignation are as follows:DetailInformationName of DirectorMr. Chirag Chandulal PatelDesignationManaging Director and Director...

SEBI Proposes Fixed Income Channel Partners to Shatter Retail Debt Market Barriers and Boost Accessibility The Securities and Exchange Board of India (SEBI) has released a comprehensive Consultation Paper proposing the introduction of Fixed Income Channel Partners (FICPs). This move aims to significantly improve retail access and distribution penetration in the corporate bond market by leveraging an agent model similar to the highly successful Mutual Fund Distributor (MFD) structure.The paper, issued on August 21, 2026, seeks public commentary on a framework designed to enable FICPs to work alongside Online Bond Platform Providers (OBPPs), thereby making fixed income securities accessible beyond major urban centers and into Tier II...

Major Regulatory Action: SEBI Orders Cancellation of 15 Investment Adviser Certificates Due to Non-Payment of Mandatory Renewal Fees In a significant regulatory move, the Securities and Exchange Board of India (SEBI) has ordered the cancellation of registration certificates for fifteen designated Investment Advisers. The action comes after these firms failed to adhere to mandatory requirements under SEBI (Investment Advisers) Regulations, 2013, specifically regarding the payment of renewal fees.The order, issued by the Chief General Manager of SEBI, confirms that these entities' certificates have ceased to be in force due to non-compliance. This decision underscores SEBI’s commitment to monitoring compliance across the intermediary...

SEBI Mandates Major Overhaul of Advertisement Code for Bond Platforms to Protect Investor Interests The Securities and Exchange Board of India (SEBI) has introduced a comprehensive Consultation Paper outlining significant revisions to the Advertisement Code applicable to Online Bond Platform Providers (OBPPs). This move aims to bolster investor protection by standardizing disclosure requirements, addressing market exuberance, and clarifying the use of financial terminology in digital advertising.The consultation paper, released on August 23, 2026, seeks public feedback on a proposal that expands upon existing regulatory frameworks governing debt security advertisements offered through OBPP platforms.Addressing Digital Shifts and...

SEBI Bans Trade Nexa from New Clients After Misleading Investors with Assured Returns Promises The Securities and Exchange Board of India (SEBI) has issued a Final Order, imposing regulatory censure against M/s Trade Nexa Research Investment Advisor. The firm, registered under INA000009083, is now prohibited from onboarding any new clients for one month following the issuance of the order.The decision comes after SEBI found that the company violated several regulations pertaining to investment advisory standards and fair trade practices. This action follows a previous adjudication proceeding where a monetary penalty was imposed on the firm due to similar misconduct.Violations Related to Misleading Clients and Fee Structure SEBI's...

SEBI Cancels 25 Research Analyst Registrations After Non-Payment of Mandatory Renewal Fees The Securities and Exchange Board of India (SEBI) has issued a definitive order cancelling the certificates of registration for twenty-five registered Research Analysts and advisory firms. The action, taken under Section 12(3) of the SEBI Act, 1992, stems from the mandatory failure of these entities to pay requisite renewal fees as stipulated by SEBI regulations.SEBI's order, released on August 20, 2026, addresses a significant compliance lapse among market participants. The cancellation applies to all firms and individuals listed in the official notice, including AJAY GUPTA, ANURAG JAIN, and FINQUEST SECURITIES PVT. LTD., among others...

Flex Foods Ltd. Confirms Completion of Tenure for Independent Director Arvind Mahajan Flex Foods Ltd. has confirmed the completion of the tenure of Mr. Arvind Mahajan as an Independent Director of the company. Mr. Mahajan's appointment was for a term of five years.As per the details provided, Mr. Arvind Mahajan completed his service as an Independent Director with effect from the close of business hours on August 23, 2026. His tenure began on August 24, 2021. The reason cited for the change in directorship is the completion of his term as an Independent Director.Key details regarding the change in the company's directorship are summarized in the table below:ParticularsDetailsReason for changeCompletion of term as an...

Dhara Rail Projects Limited and Railway Administration Mutually Agree on Contract Determination Dhara Rail Projects Limited (DRPL) has announced the mutual determination and short-closure of a contract related to the operations of Power Cars and LSLRDs at various Coaching Depots. The contract, originally executed on February 13, 2026, was mutually agreed upon for closure by both the company and the Railway administration, effective August 23, 2026.The contract involved the services of Escorting, Operation, and troubleshooting of Power Cars and LSLRDs at SRC, SHM, and PDPK Coaching Depots. The parties involved in the agreement were Dhara Rail Projects Limited and the Ministry of Railways, South Eastern Railway.The decision for the...

Symbiotec Pharmalab Secures ₹526 Crore Anchor Book Ahead of Massive ₹1,757-Crore IPO Launch Madhya Pradesh's contract development and manufacturing organization (CDMO), Symbiotec Pharmalab, successfully raised a substantial amount through its anchor book. The company secured Rs 526.2 crore from 34 key anchor investors, setting a strong tone just one day before the launch of its Initial Public Offering (IPO).The IPO is scheduled to open for public subscription on August 24 and close by August 27. With the price band set at Rs 938-988 per share, this offering represents a significant opportunity in the specialty pharmaceutical market.Investor Confidence Booms as Anchors Flock to Symbiotec Pharmalab The allocation of 53.25 lakh equity...

NCLT Sanctions Demerger of K.M. Sugar Mills' Distillery Division into KM Spirits and Allied Industries The National Company Law Tribunal (NCLT) has sanctioned the Scheme of Arrangement for the demerger of the Distillery Division of K.M. Sugar Mills Limited into KM Spirits and Allied Industries Limited. This decision, pronounced by the NCLT, formalizes the separation of the Demerged Undertaking from the Demerged Company and transfers its assets and liabilities to the Resulting Company.The sanctioned scheme, filed under Sections 230 to 232 of the Companies Act, 2013, dictates that the Demerged Undertaking, which pertains to the Distillery Division of K.M. Sugar Mills Limited, will be transferred to KM Spirits and Allied Industries...

Hy-Tech Engineers IPO Set for Strong Launch as Anchor Investors Commit Rs 40 Crore Maharashtra-based Hy-Tech Engineers, a manufacturer specializing in hydraulic fittings and forged components for industrial applications, has seen significant interest from anchor investors ahead of its upcoming Initial Public Offering (IPO). The company successfully raised ₹40.72 crore from eight institutional buyers during the pre-market allotment process. This strong commitment signals market confidence in the specialized manufacturing sector.The IPO is scheduled to open on August 24 and close on August 27. Hy-Tech Engineers intends to raise a total of ₹135.7 crore, utilizing the upper end of its price band, which ranges from ₹50 to ₹53 per share...

Rajputana Biodiesel Limited Reappoints Auditors and Acquires Arvant Bioenergy as Wholly Owned Subsidiary Rajputana Biodiesel Limited, a company focused on renewable energy solutions, announced several outcomes from its Board meeting held on Saturday, August 22, 2026. The Board approved the re-appointment of its Secretarial Auditors and sanctioned the acquisition of Arvant Bioenergy Private Limited as a Wholly Owned Subsidiary (WOS).The acquisition is designed to strengthen the company's presence in the biofuel and biomass-based energy sector. Furthermore, the Board also issued the notice and agenda for the company's 10th Annual General Meeting (AGM), scheduled for September 26, 2026.Acquisition of Arvant Bioenergy Private Limited...

IPO Talks Heat Up as Upstox Crosses 2 Crore Customer Mark, Eyes Massive National Scale Investment giant Upstox has achieved a major milestone by crossing the 20 million customer mark, signaling rapid growth in the financial technology space. The platform aims for ambitious expansion, setting its sights on reaching 10 crore users within the next five years. This significant user base reflects the company's robust ecosystem, which now spans equities, derivatives, mutual funds, and insurance products.Upstox’s Rapid Expansion Reaches Tier-II and Tier-III Cities The impressive 2-crore customer count highlights Upstox’s successful penetration into non-metro markets. A significant portion of this user base—85%—is drawn from Tier-II and...

Par Drugs and Chemicals Approves Key Remuneration Increases and Confirms Audit Appointments Par Drugs and Chemicals Limited (PAR) has concluded its Board of Directors meeting, which covered major decisions regarding the company's future, including the appointment and remuneration of key personnel, the appointment of statutory and internal auditors, and the scheduling of the forthcoming Annual General Meeting (AGM).The Board meeting, held on August 22, 2026, determined several critical outcomes concerning governance and human resources for the company, which is engaged in the manufacturing of Active Pharmaceutical Ingredients (APIs) and Fine Chemicals.Annual General Meeting and Audit Appointments The company's 27th Annual General...

Skyways Air Services IPO: Logistics Leader Seeks ₹399 Crore to Fuel Growth Amid High-Stakes Market Skyways Air Services is poised to make a significant market entry with its upcoming IPO, seeking crucial capital to stabilize operations and fund future growth initiatives. The logistics provider plans to raise ₹399 crore through a fresh issue, which is designated for debt repayment and fulfilling working capital requirements. This fundraising effort, coupled with an Offer For Sale amounting to ₹184 crore, reflects the company's ambitious roadmap in the competitive supply chain sector.Company Profile and Market Dominance Established in 1984, Skyways Air Services operates as a comprehensive multi-modal logistics provider, delivering...

Ceinsys Tech Reports Reduction in State Water and Sanitation Mission Orders, Maintains Healthy Order Book Ceinsys Tech Limited has received an update from the State Water and Sanitation Mission (SWSM), Government of Maharashtra, regarding work orders for its IoT deployment projects. SWSM informed the company that a portion of the pending orders have been cancelled due to the exhaustion of the sanctioned amount for IoT implementation under the allocated schemes in the MJP MVS Schemes.The project involves the appointment of System Integrators (SI's) for IoT Deployment, including Design, Implementation, and Maintenance with a Centralized IoT Platform for Jal Jeevan Mission Projects in the State of Maharashtra.The cancellation relates...

Bonus & Splits Erupt: Nearly 67 Stocks Brace for Corporate Actions as Dividends Flood Markets Nearly 67 companies, including NBCC, MCX India, Paras Defence, and NALCO, have fixed their record dates for various corporate actions this week. Investors who hold shares in these listed entities must ensure their demat accounts are ready on the respective record date to be eligible for dividends, stock splits, or bonus issues.The action calendar is varied, featuring final dividend payouts alongside complex equity structure changes like rights offers and stock consolidation. While the list remains tentative, this concentrated period of corporate actions provides a significant event watch for the market.Major Dividend Payouts Across Sectors...