Markets

Glenmark Pharmaceuticals Approves Policy Amendments and Designates Key Officials for Material Disclosures Glenmark Pharmaceuticals Limited announced that its Board of Directors meeting on July 31, 2026, approved amendments to the Company's Policy on Determination of Materiality for Disclosures. This action relates to defining the process and personnel responsible for assessing and communicating material events to the stock exchanges.The board decision solidified the framework for managing and disclosing significant corporate information under regulatory guidelines. The Board meeting confirmed the officials authorized by Glenmark Pharmaceuticals Limited who are designated to determine the materiality of an event or information and...

Welspun Corp Completes Acquisition of 51% Equity Stake in Welspun Captive Power Generation LimitedWelspun Corp Limited has confirmed the successful completion of the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL). The transaction involved the purchase of 1,50,64,213 equity shares of WCPGL, each having a face value of Rs. 10/-.The completion of this acquisition means that Welspun Corp Limited has now established definitive control over WCPGL, making it a subsidiary of the Company. The acquisition follows an earlier notification regarding the intent to acquire this stake from Welspun Living Limited (WLL), which is part of the promoter group.Following the updated ownership structure...

TCC Concept Limited Releases Quarterly Financial Results for June 30, 2026; Consolidated Profit Jumps TCC Concept Limited has announced its Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026. The results show significant figures across both consolidated and standalone performance, alongside updates on strategic transactions involving key subsidiaries.The company's consolidated results reflect a Total Income of 13,129.62 lakhs for the period. Total expenses stood at 11,927.01 lakhs, leading to Profit before tax of 1,202.61 lakhs. Following tax expenses, TCC Concept Limited reported a Profit after tax of 126,450 lakhs. The Total Comprehensive Income for the quarter was recorded at 122,412 lakhs...

Central Bank of India reports management change: General Manager in Delhi Zone ceases role after superannuation Central Bank of India has announced a change in its senior management team. Shri Shishram Tundwal, who held the position of General Manager - Government Business for the bank's Delhi Zone, has ceased to be a Senior Management Personnel as of July 31, 2026.The cessation occurred following his superannuation upon the closure of business hours on that date.CENTRALBK Stock Price Movement Shares of Central Bank of India today slipped by 0.10% to settle at ₹30.97. The stock traded in the post-market session, with 4.79 million shares exchanged as it finished near its daily low of ₹30.93 after trading between ₹30.93 and ₹31.14.

RPP Infra Projects Limited Approves Q1 Unaudited Financial Results and Sets Date for Annual General Meeting R.P.P Infra Projects Limited has announced the approval of its un-audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company also set the date for its 31st Annual General Meeting (AGM) and provided detailed financial statements along with an independent review report from its statutory auditors.The Board of Directors held a meeting on Friday, July 31, 2026, during which they approved and noted the quarterly results and operational updates. The company has scheduled the 31st Annual General Meeting of its members for Wednesday, September 16, 2026, which will be conducted through Video...

Narayana Hrudayalaya Reports Q1 Unaudited Results; Consolidated Revenue Reaches 79,962.54 Million Narayana Hrudayalaya Limited has released its unaudited financial results for the quarter ended June 30, 2026, detailing performance across both standalone operations and the consolidated group level. The company also provided detailed segment information reflecting its dual focus on medical services and insurance.Standalone Financial Performance (Q1 FY26)The Unaudited Standalone Financial Results for the quarter ended June 30, 2026, showed Total Income of 11,275.15 million. Revenue from operations stood at 10,971.02 million, while Other income was recorded at 304.13 million.Key expenditure components for the quarter included...

Crest Ventures Limited Announces Retirement of President - Investments and Credit, Parag Shah Crest Ventures Limited has announced a change in its senior management personnel following the retirement of Mr. Parag Shah from the company. He held the position of President - Investments and Credit.Mr. Shah’s retirement is effective as of the closure of business hours on Friday, July 31, 2026. Consequently, he has ceased to be the Senior Management Personnel of the Company as of that date.The change in personnel details are as follows:ParticularsDetailsReason for changeRetirement of Mr. Parag Shah holding the office of President - Investments and Credit of the Company.Date of cessationWith effect from the closure of business...

Astral Limited Fixes Record Date for Final Dividend for Financial Year 2025-26 Astral Limited has announced the record date for shareholders who wish to receive the Final Dividend pertaining to the Financial Year 2025-26. The company specified Friday, August 14, 2026, as the crucial date for determining shareholder entitlement.The dividend set for the financial year amounts to Rs. 2.50 per equity share. This payment reflects 250% of the face value of Rs. 1/each, which is fully paid-up.Astral Limited provided details regarding the payment timeline and conditions associated with the dividend payout. If this dividend is declared by the shareholders during the upcoming Annual General Meeting (AGM), it will be paid after August 24, 2026...

Supreme Court Rules on Environmental Clearances, Restoring EC Proposal for OMDC’s Belkundi Mines The Supreme Court has delivered a significant ruling concerning environmental clearances (EC), addressing the validity of two key regulatory instruments—the 2017 Notification and the 2021 Office Memorandum (OM)—issued by the Ministry of Environment, Forest, and Climate Change. The judgment establishes that while a narrowly tailored amnesty scheme provided under the 2017 Notification is valid, the subsequent 2021 OM is rendered invalid, leading to specific consequences for project proponents.The court considered the validity of both instruments in light of ongoing legal disputes relating to environmental regulations and their implications...

SML Mahindra Limited Penalty Demand Nullified After Tax Appeal Success SML Mahindra Limited has successfully appealed an income tax penalty imposed for Assessment Year 2016-17, with the National Faceless Appeal Centre (NFAC) ordering the nullification of a demand amounting to Rs 11.56 lakhs.The decision was reached by the Commissioner of Income-Tax (Appeals), who allowed the company's appeal and consequently nullified the penalty demand related to an earlier order issued by the Income Tax Department. The outcome was received via email on July 31, 2026.This matter relates to a previous action taken by the Income Tax Department’s Assessment Unit for AY 2016-17. An initial order dated February 28, 2024, had imposed a penalty of Rs...

Electrosteel Castings Limited Announces Retirement of Senior Management Personnel Electrosteel Castings Limited has announced the retirement of two senior management personnel, effective July 31, 2026. Mr. R.M. Gupta and Mr. Rashmi Ranjan Das have retired from the services of the company.The two executives, who held positions as Senior Vice President at DIW and LMW respectively, ceased to be Senior Management Personnel for the company with effect from the closing hours of July 31, 2026.The key details regarding the personnel change are as follows:DesignationNameReason for ChangeDate of CessationSenior Vice President - DIWMr. R.M. GuptaRetirementJuly 31, 2026Senior Vice President - LMWMr. Rashmi Ranjan DasRetirementJuly 31...

Allied Digital Services Limited Announces Retirement of Senior Management Personnel Allied Digital Services Limited has announced that Mr. Adil Keki Wadia, who served as Country Manager - Technology Support, has retired from the company. The retirement was effective as of the close of business hours on July 31, 2026, marking his cessation as a Senior Management Personnel of Allied Digital Services Limited.The change in senior management personnel is attributed to Mr. Wadia's retirement.Key details regarding the transition are as follows:ParticularDetailsReason for ChangeRetirement of Mr. Adil Keki Wadia, Country Manager - Technology SupportCessation DateJuly 31, 2026 (Close of business hours)RoleSenior Management...

Tijaria Polypipes Issues Corrigendum for AGM, Details Material Related Party Transactions and New Independent Director Appointment Tijaria Polypipes Limited has issued a corrigendum concerning the notice of its 20th Annual General Meeting (AGM), scheduled for Friday, August 7, 2026. The update introduces significant special business items, including approval of related party transactions (RPTs) and the appointment of Ms. Vishakha Saini as a Non-Executive Independent Director (NEID).The corrigendum forms an integral part of the original AGM Notice circulated on July 14, 2026, requiring all members to read both documents together. The meeting is scheduled to take place at the Company’s Registered Address in Jaipur, Rajasthan.Special...

Medplus Health Services Subsidiary Faces Drug License Suspension in Telangana, Potential Revenue Loss Noted Medplus Health Services Limited has reported that Optival Health Solutions Private Limited, a subsidiary of the company, received an order suspending its Drug License for a store located in Telangana. The suspension pertains to a specific operational location and is attributed to alleged contraventions under Indian drug control legislation.The suspension was issued by the Assistant Director, Drugs Control Administration, Warangal, Telangana, following the receipt of the direction or order on July 30, 2026. The action involves the temporary halt of operations at a store situated in SBH Colony Hanamkonda.The licensing action is...

Akshay Bansal Appointed Executive Director at Ennature Bio Pharma Limited India Glycols Limited announced that Shri Akshay Bansal, formerly the Head of Sales & Marketing for its Ennature Biopharma Division, has been appointed as an Additional Director (Executive Director) and Key Managerial Personnel (KMP) of Ennature Bio Pharma Limited (EBL). This appointment was approved by the Board of Directors of EBL and is effective from July 31, 2026.The transition details indicate that Shri Bansal transferred to the wholly owned subsidiary, Ennature Bio Pharma Limited, ceasing his role as a Senior Managerial Personnel (SMP) at India Glycols Limited from the close of business hours on July 30, 2026.Ennature Bio Pharma Limited, in connection...

Glenmark Pharmaceuticals Announces Q2 FY27 Results and Key Governance Decisions Glenmark Pharmaceuticals Limited, during a board meeting held on July 31, 2026, approved the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board also made several key governance decisions, including reconstituting the Risk Management Committee and approving updates to core company policies.The meeting saw the approval of the financial results, which were subjected to a limited review by statutory auditors. Additionally, the board ratified amendments to five major company policies: Policy on Related Party Transactions and its Materiality, Policy on Determination of Materiality for Disclosures, Insider...

Mamata Machinery Resumes Operations After Brief Flooding Disruption at Ahmedabad Plant Mamata Machinery Limited, a leading provider of machinery solutions for the flexible packaging industry, has resumed manufacturing operations at its Ahmedabad plant following a brief disruption caused by flooding. The company announced that production activities recommenced on July 30, 2026.The temporary suspension was due to severe water logging and flood-like conditions in the area surrounding the company’s unit located at Survey No. 423/P, Sarkhej-Bavla Road, Moraiya, Sanand, Ahmedabad - 382213. Manufacturing operations were halted for five days after unprecedented heavy rainfall affected Ahmedabad and nearby regions including Changodar and...

Maruti Suzuki Announces Q1 Financial Results for FY 2026-27 and Approves CBG Manufacturing Projects Maruti Suzuki India Limited today announced its financial performance for the first quarter (Q1) of the fiscal year 2026-27 (April-June), confirming a significant rise in sales volume. The company also approved four new projects related to Compressed Biogas (CBG) manufacturing.The Board of Directors reported that total sales volume grew by 29.3% compared to the corresponding period last year. Sales growth was distributed across segments, with domestic small cars sales increasing by 34.1%, SUVs up by 44.6%, and exports growing by 28.6%.The company's domestic market share saw a rise of 2.3 percentage points, reaching 41.2%. This...

Acquirer Group Initiates Open Offer in Onyx Biotec Acquisition A collective of four individuals, referred to as the Acquirers, has initiated a substantial acquisition process targeting public shareholders of Onyx Biotec Limited (OBL). The move involves both a Share Purchase Agreement (SPA) with existing promoters and an open offer to the general public.The Acquirers—Kunal Bhardwaj, Gautam Bhardwaj, Kanhaiya Bhardwaj, and Kapil Bhardwaj—are in the process of acquiring a significant stake in OBL. The transaction is being facilitated by V C Corporate Advisors Private Limited.Transaction Scope and Shareholding Details The acquisition involves two components: the purchase of shares from existing promoters and an open offer to the public...

TruCap Finance Limited Announces Resignation of Chief Credit Officer Mahendra Kumar ServaiyaTruCap Finance Limited has announced the resignation of Mr. Mahendra Kumar Servaiya as the Chief Credit Officer, stating that he has ceased to be a senior management personnel of the company. The change is effective from close of business hours on July 31, 2026.Mr. Servaiya resigned as Chief Credit Officer following nine years or more with the organization. He indicated that his resignation was due to tender age and health issues experienced over the past year.The details concerning Mr. Servaiya's tenure and departure are summarized below:ParticularsDetailsName of OfficerMr. Mahendra Kumar ServaiyaRoleChief Credit OfficerDate...