Markets

Statutory Auditor Resigns for Key Subsidiary of Tube Investments of India Ltd Tube Investments of India Ltd has announced the resignation of its statutory auditors concerning one of its material subsidiaries, Tl Clean Mobility Private Limited. The change is being implemented to establish a common auditor across the group, ensuring uniformity in audit processes and procedures during financial finalization.M/s Sundaram & Srinivasan, Chartered Accountants (Firm Registration No: 0042075), have tendered their resignation as Statutory Auditors of Tl Clean Mobility Private Limited (TICMPL). The resignation is effective from the conclusion of TICMPL's 5th Annual General Meeting (AGM), which was held on July 30, 2026.According to details...

Globesecure Technologies Closes Ahmedabad Branch Office Amid Operational Restructuring Globesecure Technologies Limited has approved the closure of its branch office located in Ahmedabad as part of a broader operational restructuring initiative aimed at optimizing administrative and business efficiencies.The decision to shut down the specified branch was ratified by the Company's Board of Directors, which passed a resolution on July 30, 2026. The branch office, situated at A- 606, One World Capital, Rajpath Rangoli Road in Ahmedabad, will cease operations within one month from the approval date.The company stated that the closure is intrinsically linked to its commitment to streamlining operations and optimizing resources across its...

Modi Rubber Approves Agreements for Gujarat Guardian Limited Expansion ProjectModi Rubber Limited has approved critical agreements related to the expansion plans of its joint venture company, Gujarat Guardian Limited (GGL). The resolutions, passed by the Board of Directors of Modi Rubber Limited, concern a major project involving the installation of a second float glass production line and related facilities at GGL.The GGL Expansion Project aims to significantly scale up operations through the addition of new infrastructure. This expansion is set to be financed using a combination of GGL's internal accruals and external borrowings secured from banks and financial institutions.A key element arose during the financing process, as...

Gillette India Appoints Key Personnel After Allotment of Director Identification Number Gillette India Limited has confirmed the allotment of a Director Identification Number (DIN) to Mr. Robin Thadathil, solidifying his appointment as an Additional Executive Director of the company.The Ministry of Corporate Affairs allotted DIN 11862696 to Mr. Robin Thadathil in connection with his role at Gillette India Limited. This allotment allows the company to proceed with his designation as Additional Executive Director, effective August 01, 2026.The key details regarding the appointment and identification are summarized below:DetailInformationCompanyGillette India LtdAppointeeMr. Robin ThadathilDesignationAdditional Executive...

Pace Digitek Ltd Holds Board Meeting to Discuss Q1 Unaudited Financial Results and Limited Review Report Pace Digitek Ltd has scheduled a meeting of its Board of Directors for Wednesday, August 05, 2026. The primary focus of the board meeting will be reviewing and approving the company’s Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The meeting agenda includes considering and approving the results alongside the Limited Review Report received from the Statutory Auditors for the same period. The Board is also authorized to consider any other business that may be placed before it with the permission of the Chairman.In terms of market conduct and insider trading protocols, the trading window...

NHAI Launches Game-Changing Initiative: Smart Technology Set To Transform Public Toilets Across National Highways Setting New Benchmarks for Highway Amenities The National Highways Authority of India (NHAI) has introduced a comprehensive nationwide initiative aimed at drastically enhancing commuter convenience by developing world-class public toilet facilities at all toll plazas. This major step is designed to elevate sanitation standards and functionality across the entire National Highway network.The project introduces an Innovative Performance Based Contracts framework, which moves beyond basic maintenance. This framework ensures that facilities meet high standards of cleanliness and operational efficiency in a long term manner...

JBM Auto registers strong Q1FY27 performance with 15.04% growth in Revenues and 15.96% growth in Net Profit Gurugram, July 30, 2026: JBM Auto Limited, a leading automotive and electric vehicle company, announced its consolidated unaudited results for the quarter ended June 30, 2026. The company registered a 15.96% increase in net profit to Rs. 42.43 crore in Q1FY27, up from Rs. 36.59 crore in Q1FY26.Revenues, including other operating income, stood at Rs. 1,442.45 crore compared to Rs. 1,253.88 crore in Q1FY26, marking a 15.04% rise. Earnings Before Interest, Depreciation, and Amortization (EBIDTA) increased by 8.48%, reaching Rs. 194.88 crore from Rs. 179.65 crore in the corresponding period last year. Earnings Per Share (EPS) for...

Clean Science and Technology Approves Incorporation of New Wholly Owned Subsidiary in Netherlands Clean Science and Technology Limited has announced the approval for the incorporation of a new entity in the Netherlands, aimed at expanding its international presence within the speciality chemicals market. The decision was made by the Board of Directors of the company.The newly incorporated entity will serve as a wholly owned subsidiary of Clean-Fino Chem Limited, which itself is a step down subsidiary of Clean Science and Technology Limited. This expansion allows the group to strengthen its position in the global chemical industry.The proposed Dutch company will be engaged in the business of selling, distribution, trading, and job...

LIC Receives Demand Order for GST and Penalty from Jamshedpur Authorities The Life Insurance Corporation of India (LIC) has received a demand order concerning Goods & Service Tax, interest, and penalty from the Additional Commissioner Central GST & Central Excise in Jamshedpur. The order was received on July 30, 2026.The communication pertains to alleged contravention regarding the Pre-Mature Availment of Input Tax Credit on Reverse Charge Mechanism. The matter is appealable before the Commissioner (Appeals), Jamshedpur.Details of the tax demand and related violations are as follows:Financial ComponentAmount / DetailsGST DemandINR 99,09,87,896/-PenaltyINR 9,90,98,790/-InterestAs ApplicableThe demand order relates to...

SEBI Accelerates Fund Launches: GARUDA Mechanism Slashes Timeline for AIF Schemes, Boosting Investor Access Securities and Exchange Board of India (SEBI) has significantly streamlined the launch process for Alternative Investment Funds (AIFs). The regulator introduced the Green-Channel mechanism, "GARUDA" (Green-Channel: AIF Rollout Upon Document Acknowledgement), through a new circular. This move is set to expedite fund launches, reducing mandatory waiting periods and boosting operational efficiency across the alternative investment space.Understanding SEBI's GARUDA Mechanism for AIFs The new framework aims to fast-track the operationalization of various AIF schemes while maintaining regulatory rigor. For general AIF schemes, the...

Shri Manish Agarwal Relieved from RVNL as Principal Executive Director Due to Repatriation Rail Vikas Nigam Limited announced that Shri Manish Agarwal has ceased to be part of the Senior Management of the Company following his repatriation. He was relieved from his duties on 30th July 2026 (A/N) after serving as the Principal Executive Director (Mechanical).The decision comes as part of his movement back to his parent cadre within the Railways. Shri Agarwal is transitioning to a new role at Integral Coach Factory (ICF), Chennai, having been appointed as General Manager.Details regarding the change in Senior Management personnel are summarized below:ParticularsDetailsNameShri Manish AgarwalFormer Role at RVNLPrincipal...

Ganesh Infraworld Posts Strong Q1 FY27 Results; Revenue Soars 109.7% Driven by Water Infrastructure Ganesh Infraworld Limited (NSE: GANESHIN), an integrated engineering, procurement, and construction (EPC) company based in Kolkata, announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The results showed significant growth across the board, with operations revenue climbing by 109.7% year-on-year (YoY).The company is a primary EPC contractor and sub-contractor executing projects related to Civil, Electrical, Road, Railway, and Water Infrastructure for government bodies and private clients under major national programmes like AMRUT and Namami Gange.Consolidated Financial Highlights...

Liberty Shoes Ltd to hold Board Meeting for Q1 2026 Unaudited Financial Results Liberty Shoes Ltd has scheduled a Board Meeting to consider and approve the Unaudited Financial Results for its first quarter ending June 30, 2026. The meeting is set for Monday, August 10, 2026, to discuss the quarterly performance along with other allied matters.The company also provided updates regarding the trading window for its securities. As previously announced, the trading period for dealing in Liberty Shoes Ltd securities has been closed starting July 1, 2026. This restriction will remain in effect until August 12, 2026, inclusive.LIBERTSHOE Stock Price Movement Liberty Shoes Limited edged higher in post-market today, settling with a marginal...

Samvardhana Motherson Subsidiary Fined Euro 65,000 Over Labor Practices in Spain Samvardhana Motherson International Limited has received news regarding a penalty imposed on its indirect wholly owned subsidiary, SMRC Automotive Interiors Spain S.L.U, by the Department of Enterprise and Labour in Spain.The Labour Department levied a penalty totaling Euro 65,000 against SMRC Spain. This amount is equivalent to INR 7.08 million. The penalty notice was received by SMRC Spain on July 6, 2026, corresponding to the order date.A breakdown of the financial details and the action taken is provided below:ParticularsDetailsFining AuthorityDepartment of Enterprise and Labour - Spain (Labour Department)Penalty ImposedEuro 65,000 / INR...

Howard Hotels Ltd to Hold Board Meeting to Approve Quarterly Financial Results Howard Hotels Ltd has announced that its Board of Directors will convene on Friday, August 7, 2026, to review and approve the company's Un-Audited Financial Results for the quarter ending June 30, 2026. The meeting agenda includes consideration and approval of these results alongside a Limited Review Report.The Board Meeting is scheduled to assess the financial performance of the company during the specified three-month period.In addition to the forthcoming board decision, the company has updated its trading procedures regarding internal procedures and conduct for regulating insider trading. A revised 'Code of Internal Procedure and Conduct' has been...

KIC Metaliks Announces Board Meeting to Review Q1 Unaudited Financial Results KIC Metaliks Ltd has scheduled its Board of Directors meeting to review and adopt the unaudited financial results for the quarter ended June 30, 2026.The company's board meeting is set to take place on Tuesday, August 4, 2026. The primary agenda item for this meeting includes considering and adopting the Unaudited Financial Results of KIC Metaliks Ltd for the specified quarter.In addition to the corporate meeting, the company provided details regarding its insider trading window. Trading in the company's securities was closed starting from Wednesday, July 1, 2026. The trading window is scheduled to reopen forty-eight hours after the financial results are...

Vellora Impact Launches Rights Issue to Raise Up To Rs 70 Crores Vellora Impact Limited, formerly Pratiksha Chemicals Ltd, has approved a rights issue offering fully paid-up equity shares of the company. The offer aims to raise up to Rs 70 Crores through the issuance of these "Rights Equity Shares" to eligible shareholders.The decision regarding the Rights Issue was made by the Company's Board of Directors on July 30, 2026. Through this rights issue, the company plans to issue equity shares with a face value of Rs 10.00/- each.A specific meeting of the Rights Issue Committee has been scheduled for Tuesday, August 4, 2026. The committee is tasked with deciding various material aspects of the Rights Issue, including the determination...

Senior Management Change at Max Estates Ltd: Vikram Vij Resigns as Head - Digital and IT Max Estates Ltd has announced that Mr. Vikram Vij, who holds the position of Head - Digital and IT within the company's senior management, has resigned from his post. His resignation was effective from the close of business hours on July 30, 2026.Mr. Vij decided to step down from Max Estates Ltd as he intends to pursue a new professional opportunity. The company acknowledged Mr. Vij for his contributions and services during his tenure with the organization.The details regarding this management change are summarized below:ParticularsDetailsEmployee NameVikram VijPositionHead - Digital and IT (Senior Management)Reason for...

Apollo Tyres Announces Board Meeting to Review Un-audited Financial Results for Q1 FY27 Apollo Tyres Ltd has announced that its Board of Directors will hold a meeting to consider and approve the Un-audited Financial Results for the quarter ended June 30, 2026. The board meeting is scheduled for August 6, 2026 (Thursday).The company intends to review both the Standalone and Consolidated Un-audited Financial Results during this session.In addition to the results announcement, Apollo Tyres provided details regarding the trading window for its securities. As communicated previously, the trading window for dealing in the company's securities was closed starting July 1, 2026. The closure will remain effective until two days following the...

SME IPO Surge: Poojaa Precision Engg Hits Record Subscription Milestone with Bids Valued at ₹30,000 Crore The Pune-based precision engineering firm, Poojaa Precision Engg, has witnessed an overwhelming market response to its initial public offering (IPO). The company's Rs 160-crore SME IPO attracted bids valued close to Rs 30,000 crore on the BSE SME platform, solidifying it as a major subscription success in the micro-cap segment.Subscription Frenzy and Market Metrics The IPO was subscribed an impressive 259.42 times, signaling robust investor confidence in the manufacturing firm's capabilities. The offering included 38.10 lakh shares to be allotted at a price band set between Rs 285 and Rs 301 per share.Investors demonstrated...