Markets

IRFC Reports Strongest-Ever Quarterly Performance in Q1 FY 2026-27, Highlights Record Net Worth and Zero NPA Indian Railway Finance Corporation Ltd (IRFC), a Government of India Enterprise under the Ministry of Railways, announced unaudited financial results for the first quarter (Q1) of Fiscal Year 2026-27, ending June 30, 2026. The Corporation reported record levels across key indicators, registering its highest-ever quarterly total income and profit after tax (PAT), while maintaining a clean slate with zero non-performing assets (NPA).The results underscore the success of IRFC's diversification-led growth strategy. For Q1 FY 2026-27, IRFC reported total income of Rs. 8,391.34 crore, significantly up from Rs. 6,918.24 crore in the...

Filatex India Ltd completes incorporation of Spanish subsidiary Ecosis Infinite Filatex India Ltd has completed the incorporation and registration of a new entity in Spain, which is set to become a step-down Wholly Owned Subsidiary. The incorporated company is named Ecosis Infinite, Sociedad Limitada.Ecosis Limited, previously known as Texfil Private Limited, a Wholly Owned Subsidiary of Filatex India Ltd, successfully registered the new company with the Commercial Registry in Spain, receiving confirmation from the notary on July 29, 2026. The newly incorporated entity belongs to the textile industry and is focused on manufacturing and dealing in various types of Polyester Yarns.Upon the completion of the necessary Overseas Direct...

Chandra Bhagat Pharma Ltd Schedules Board Meeting for Capital Increase and Preferential Fundraising Chandra Bhagat Pharma Limited has scheduled a meeting of its Board of Directors to address significant corporate actions, including an increase in authorized share capital and proposals for raising funds through preferential allotment.The Board Meeting is set to be held on Wednesday, August 5, 2026. The agenda items detailed for the meeting cover key strategic financial movements intended to support the company's growth objectives.Among the principal points listed for consideration are the increasing of the Company's authorized share capital. Furthermore, the Board will consider a proposal related to fund raising through the issue of...

Transport Corporation of India Limited Announces Q1 FY26 Results; Net Profit Reaches 1,198 Million Transport Corporation of India Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company reported a consolidated total income of 12,548 million, while the standalone entity posted a net profit of 1,198 million, translating to a basic earnings per share of 15.60.The Board of Directors approved the results at its meeting held on July 30, 2026. The company also provided an update on operational changes during the quarter.Financial Performance Overview Standalone Results (Q1 FY26): For the standalone entity, revenue from operations stood at 10,698 million. Total income reached 11,116...

Ganesh Infraworld Limited Announces Unaudited Financial Results and Details of Related Party Transactions for Quarter Ended June 30, 2026 Ganesh Infraworld Limited has released its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Company's Board of Directors had considered and approved these results, which are accompanied by a Limited Review Report issued by the Statutory Auditors.The review process involved obtaining moderate assurance regarding whether the financial statements were free of material misstatement. Based on their review, the auditors stated that nothing came to their attention suggesting that the accompanying statement did not disclose the required information or...

Texmaco Rail Secures Rs 0.74 Crore Contract from South Western Railway Texmaco Rail & Engineering Ltd has received a Letter of Acceptance for a contract with the South Western Railway, securing an order valued at Rs 0.74 crores. The contract involves the provision of specialized material for maintenance work in railway divisions.The company will be responsible for providing nylon mesh on TTC and portals aimed at preventing bird nests within the SBC division. This domestic contract outlines significant scope details regarding the service delivery.According to the terms of the accepted order, Texmaco Rail & Engineering Ltd has a timeline of 10 months from the date of issuing the Letter of Acceptance to execute the work. The value of...

Parshwanath Corporation Approves Adoption of New Memorandum and Articles of Association Parshwanath Corporation Ltd announced that its Board of Directors has approved the adoption of a new set of the company's Memorandum of Association (MOA) and Articles of Association (AOA). The decision was formalized during a board meeting held on July 30, 2026.The changes pertain to the foundational constitutional documents of the corporation. The proposed shift involves replacing the existing MOA and AOA, which were structured according to the Companies Act, 1956.The primary reason for updating these documents is to amend and align both the Memorandum of Association and Articles of Association with the applicable provisions of the Companies...

SML Mahindra Stock Surge Accelerates as M&M Consolidates Commercial Vehicle Business in Major Restructuring SML Mahindra shares continued their upward trajectory, hitting the 20% upper circuit for the second consecutive day. This sharp movement follows the announcement that Mahindra & Mahindra's board has approved a major restructuring deal. The deal involves the transfer of M&M’s truck and bus business to its subsidiary, SML Mahindra.The transaction aims to create a unified entity dedicated solely to growth and leadership within the commercial vehicle sector. By executing this consolidation, the Mahindra Group is simplifying its complex commercial vehicle operational structure.Market Reaction as Stock Hits Upper Circuit At 2 pm on...

Parshwanath Corporation Appoints Raj Patel as Chief Financial Officer and Key Managerial Personnel Parshwanath Corporation Limited has announced the appointment of Mr. Raj Patel as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of the company, effective from July 30, 2026. The decision was ratified by the Board of Directors during a meeting held on July 30, 2026.The appointment formalizes Mr. Patel's role as CFO. According to the company disclosures, he holds a Bachelor of Science (B.Sc.) in Computer Science and possesses expertise in Information Technology and Digital Transformation.Parshwanath Corporation provided key details regarding the change in management, including background information on the new...

Glance Finance Ltd Schedules Board Meeting and Enters Insider Trading Closure Period Glance Finance Ltd has announced details regarding its upcoming board meeting and confirmed the closure period for insider trading, covering crucial corporate governance decisions and financial review cycles.The company's Board of Directors is scheduled to meet on Friday, August 7, 2026, at the registered office of Glance Finance Ltd. The primary agenda items for the meeting include the review of quarterly results, approval processes for the Annual General Meeting (AGM), and key financial reporting tasks.During the board meeting, directors will consider and approve several critical matters:The unaudited financial results along with the Limited...

Parshwanath Corporation Ltd Approves Major Alteration to Memorandum of Association for Business Diversification Parshwanath Corporation Limited has approved a significant alteration to its Main Object Clause (MOA) of the Memorandum of Association. The decision was made by the Board of Directors during a meeting held on July 30, 2026, aiming to align the company's foundational objectives with its strategic business expansion and diversification plans.The proposed change is contingent upon receiving shareholder approval through a Special Resolution, in addition to any other required statutory approvals. The alteration allows the Company to expand into various trading, real estate consultancy, and commodity dealing ventures.The MOA...

Aro Granite Industries Ltd. to Hold Board Meeting for Q1 Financial Results Approval Aro Granite Industries Limited has scheduled a meeting of its Board of Directors to approve the Audited Financial Results for the quarter ended on June 30, 2026. The company confirmed that the trading window for its securities will remain closed until August 09, 2026.The Board meeting is set for Friday, August 07, 2026. During this meeting, one of the key items on the agenda includes approving the Audited Financial Results corresponding to the quarter that concluded on June 30, 2026.In continuation of previous communications regarding the trading window closure, Aro Granite Industries stated that the trading period for its securities will remain...

Hariyana Ship Breakers Ltd. to Hold Board Meeting for Q1 Financial Results Approval Hariyana Ship Breakers Limited has scheduled a meeting of its Board of Directors to review and approve the financial results for the quarter ended June 30, 2026.The board meeting is set to be held on Wednesday, August 12, 2026. The agenda for the meeting includes considering and approving the Unaudited Standalone & Consolidated Financial Results of the Company for the specified period, along with the Limited Review Report.Stock Price Movement As of 13:44, Hariyana Ship Breakers Ltd. is edging higher, with the shares currently trading at ₹100.30, reflecting a +0.20% gain. The stock remains within its intraday boundaries, having tested as low as ₹99.60...

Mahanagar Gas Limited Releases Q1 FY27 Results; Highlights Investments and Operational Performance Mahanagar Gas Limited (MGL) has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The financial results reflect the company's performance across various segments, alongside updates regarding ongoing investments and legal matters.The standalone financial results showed a robust increase in net revenue from operations compared to the previous quarter. Net Revenue for the quarter ending June 30, 2026, stood at Rs. 2,371.71 Crore, marking a 15.62% growth from the Q1 performance of March 31, 2026 (Rs. 2,051.22 Crore). The company's total revenue from operations for the quarter reached...

Parshwanath Corporation Appoints Raj Patel as Additional Director Parshwanath Corporation Ltd. has approved the appointment of Mr. Raj Patel as an Additional Director, effective from 30th July 2026. The decision was made by the company's Board of Directors during a meeting held on 30th July 2026.Mr. Raj Patel will serve as an Additional Director until the date of the ensuing Annual General Meeting or the last date on which the Annual General Meeting should have been held, whichever occurs earlier, subject to the provisions of the Companies Act, 2013.The appointment is set against a backdrop of Mr. Patel’s professional qualifications and his connection to the existing management team.Key details regarding the appointed director are...

PSP Projects Ltd Announces Quarterly Unaudited Financial Results for June 30, 2026 PSP Projects Limited released its unaudited financial results for the quarter ending June 30, 2026, detailing performance across both consolidated and standalone entities. The company's operational results reflected in the statement include details on income, expenses, and profitability across various business segments.The Consolidated Financial Results showed total income of INR 85,752.93 lakhs for the quarter. Revenue from Operations stood at INR 85,347.32 lakhs, while Other Income was reported at INR 405.61 lakhs. Total Expenses were recorded at INR 82,928.20 lakhs, covering costs such as Cost of Construction Material Consumed (INR 24,662.75 lakhs)...

Mandeep Auto Industries Appoints Secretarial Auditors for Fiscal Year 2025-2026Mandeep Auto Industries Limited announced that its Board of Directors has approved the appointment of a new firm to serve as the Secretarial Auditors for the company for the financial year 2025-2026. The decision was made during the Board meeting held on July 30, 2026.The management confirmed the re-appointment of M/s. Sumit Bajaj & Associates, a Peer Reviewed Company Secretary Firm, to take up this crucial role.M/s. Sumit Bajaj & Associates has been appointed as the Secretarial Auditors for Mandeep Auto Industries Limited for FY 2025-2026. The firm is described as a Peer Reviewed Delhi based entity, and Mr. Sumit Bajaj holds qualifications and...

Woman Director Ms. Sheela Gupta Resigns from Sabrimala Industries India Ltd. Sabrimala Industries India Ltd. has reported the resignation of Ms. Sheela Gupta, a Woman Director of the company. The change is effective as of July 29, 2026.Ms. Sheela Gupta tendered her resignation due to pre-occupation. The company received confirmation that there are no other material reasons for her departure apart from those stated in her resignation letter.The details concerning the directorial transition are summarized below:ParticularsDetailsReason for ChangeMs. Sheela Gupta (DIN: 08880269) resigned due to pre-occupation, effective immediately.Date of CessationJuly 29, 2026The resignation pertains to the post of Director (Woman) of...

Westlife Foodworld Reports Strong Q1 FY27, Achieving Double-Digit Revenue Growth and Expanding Restaurant Footprint Mumbai, July 30, 2026: Westlife Foodworld Limited, which owns and operates McDonald's restaurants in West and South India through its subsidiary Hardcastle Restaurants Pvt. Ltd., has announced financial results for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026. The company reported strong business momentum, fueled by its value-led strategy and robust guest count growth across markets.The firm recorded revenue of ₹7.36 billion for Q1 FY27, marking a 12% increase year-on-year. Same Store Sales Growth (SSSG) stood at 4.3%, reflecting strong performance in May and June. Operating EBITDA increased by 11%...

Go Fashion Reports Q1 FY27 Results: Total Revenue Flat While Brand Strategies Drive Operational Shifts Go Fashion (India) Limited, a leading women's bottomwear brand operating under 'Go Colors,' has announced its unaudited financial results for the quarter ended June 30, 2026. The company, which develops, designs, sources, and retails various women's bottom-wear products, reported key performance indicators across revenue, profitability, and operational metrics.The Q1 FY27 financial highlights provide a look into the state of the brand, alongside strategic updates regarding its physical and digital presence.Financial Performance Snapshot Go Fashion (India) Limited recorded specific figures across various profit measures for Q1 FY27...