Markets

SML Mahindra Surges Over 18% as It Consolidates Mega-Deal, Acquiring M&M’s Truck and Bus Division SML Mahindra stock witnessed a significant rally on Thursday, jumping over 18% to an intraday high of Rs 5,416 on the BSE. This sharp gain followed the announcement that SML Mahindra successfully completed the slump sale acquisition of Mahindra & Mahindra's (M&M) Truck and Bus Division (MTBD).The acquisition sees SML Mahindra taking control of M&M’s commercial vehicle segment for a lump-sum consideration of Rs 525 crore. A slump sale entails the transfer of an entire business undertaking as a going concern, rather than the individual asset and liability sales. The transaction is scheduled to be completed on or before January 31, 2027...

Steel City Securities Limited Reconstitutes Key Committees and Records Cessation of Independent Director Steel City Securities Limited announced several outcomes from its Board of Directors meeting held on July 30, 2026. The board focused on reconstituting multiple statutory committees, while officially recording the cessation of Sri. A. Krishna Rao as a Non-Executive Independent Director.The company has reconstituted its Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and Internal Complaints Committee, detailing the new composition for each body.Committee ReconstructionsThe membership structure for the key committees is as follows:Committee NameMembersAudit CommitteeI. Sridhar...

Sattva Engineering Construction Reports Q1 FY27 Business Update Highlighting Strong Order Book and Collections Chennai, India - July 30, 2026 - Sattva Engineering Construction Limited, an ISO-certified EPC company specializing in water supply schemes, sewage treatment plants (STPs), and operations & maintenance (O&M), announced its Q1 FY27 business update. The company’s performance reflects the sustained investment trend in India's water and sanitation infrastructure, supported by a healthy tender pipeline and disciplined working capital management.Sattva strengthened its execution capabilities during the quarter, continuing to expand its geographic presence while building on existing growth initiatives across various infrastructure...

Vardhman Textiles Reports Q1 Results: Consolidated Income Reaches Rs 2,781.14 Crores Vardhman Textiles Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported consolidated revenue from operations at Rs 2,703.08 crores, with a profit after tax of Rs 314.56 crores for the period.The company’s standalone performance during the quarter also showed strong operational results. Total income for Vardhman Textiles Limited stood at Rs 2,720.68 crores, derived from revenue of Rs 2,648.18 crores and other income of Rs 72.50 crores. The entity reported a profit after tax (PAT) of Rs 285.06 crores for the quarter ending June 30, 2026.The company manufactures and sells textile products, operating...

Sundaram Brake Linings’ Board Meeting Scheduled to Approve Q1 Unaudited Financials; Trading Window Closed Sundaram Brake Linings Limited, a manufacturer of TVS brake linings and clutch facings, has scheduled a meeting of its Board of Directors. The board is set to review and approve the unaudited financial results for the quarter that concluded on June 30, 2026.The meeting of the Board of Directors is slated to take place on Saturday, August 08, 2026. This meeting aims to consider and formally approve the financial performance metrics for the company during the specified three-month period.In addition to the board meeting announcement, the company provided an update regarding insider trading activities. The trading window for the...

Veefin Solutions Ltd Board Meeting Scheduled to Approve Debt Fund Raise via Private Placement Veefin Solutions Limited has scheduled a meeting of its Board of Directors to consider and approve matters related to a planned debt fund raise. The meeting is set for Saturday, August 01, 2026.The board agenda includes the raising of funds through the issuance of debt securities in one or more tranches or series on a private placement basis, subject to any requisite approvals needed. In addition to this primary focus, the Board is scheduled to consider other matters it deems fit.Regarding regulatory compliance and insider trading protocols, the company has announced that the trading window for its directors, designated persons, and their...

Suba Hotels Limited Secures Multiple New Management and Franchise Deals Across India Suba Hotels Limited is expanding its asset-light portfolio with the signing of three new Term Sheets for management and franchise agreements, covering properties in Bengaluru, Madhya Pradesh, and Hyderabad. These strategic arrangements are designed to strengthen the company's presence across key business and leisure markets while adhering to its growth strategy.The newly secured deals involve implementing Suba Hotels Limited’s established brand standards and operational framework across diverse market segments. The agreements encompass properties branded 'Click Hotel' and 'Comfort Inn', detailing specific scopes of work, asset descriptions, and...

Aurecon Digitally Transforms Payroll Across Seven Asian Countries with Ramco Payce Ramco Systems Limited, a leading global payroll software provider, has successfully deployed its Payroll Managed Services, powered by the Payce platform, for Aurecon. This deployment marks a major digital transformation of payroll operations spanning seven key Asian markets: Singapore, Hong Kong, Malaysia, Thailand, the Philippines, Vietnam, and Indonesia.The engagement sees Ramco managing gross and net pay calculations, payslip generation, retroactive pay processing, and increments on behalf of Aurecon. By providing a single, consolidated service for these diverse markets, Ramco’s services are replacing Aurecon's disparate legacy payroll processes in...

Archidply Industries Schedules Board Meeting to Approve Q1 Unaudiated Financial Results Archidply Industries Ltd has scheduled its Board of Directors meeting for Friday, August 07, 2026. The primary purpose of the meeting is to consider and approve the unaudited financial results for the quarter that ended on June 30, 2026.The board agenda includes reviewing both the standalone and consolidated financial performance metrics for the stated period. This meeting is set to determine the approval of these quarterly earnings reports.In addition to the scheduled review, the company confirmed that trading in securities of Archidply Industries will remain closed until 48 hours after the declaration of the financial results.ARCHIDPLY Stock...

Gillette India Appoints Mr. Robin Thadathil as Additional Executive DirectorGillette India Ltd has approved the appointment of Mr. Robin Thadathil as an Additional Executive Director, effective August 01, 2026. The board meeting held on July 30, 2026, sanctioned the appointment.The company confirmed that Mr. Thadathil is qualified for the role and is neither debarred nor disqualified from serving as a director under applicable laws. Furthermore, he does not hold any shares in the company and has no relationship with any of the existing directors.Mr. Thadathil joins Gillette India bringing over 16 years of experience within P&G Human Resources roles globally. His professional experience spans multiple countries, including...

Coforge Launches Momentuum AI Operating Unit to Convert Enterprise AI into Measurable OutcomesPrinceton, NJ, USA | Greater Noida, India | July 30, 2026Coforge Limited, a global AI-native engineering services leader, has announced the launch of Momentuum AI, a specialized operating unit designed to accelerate enterprise AI transformation and deliver measurable business outcomes. The new division is built around Coforge’s Forward Deployed Engineer (FDE) model and addresses the critical gap between organizational ideas and practical execution in the age of AI.Momentuum AI is an operational entity created specifically for executing complex enterprise AI projects. It enters the market with FDEs and human plus agent delivery pods...

India Shelter Finance Corporation Allots INR 75 Crore in Structured Non-Convertible Debentures India Shelter Finance Corporation Ltd has completed the allotment of Rated, Listed, Secured, and Transferable Non-Convertible Debentures (NCDs) totaling INR 75,00,00,000. The issuance was finalized on July 30, 2026, through a private placement basis to identified investors.The Asset Liability Management Committee of the company approved the allotment of these debentures in its meeting held on July 30, 2026. These NCDs are denominated in Indian Rupees and carry a fixed interest rate of 8.10% per annum (p.a. p.q.).The private placement involved 7,500 NCDs, each with a face value of INR 1,00,000/-. The total size of the issue amounted to INR...

Fine Organic Industries Sets Board Meeting to Approve Q1 Financial Results; Trading Window Remains Closed Fine Organic Industries Ltd has announced that a meeting of its Board of Directors is scheduled for Friday, August 7, 2026. The purpose of the meeting includes considering and approving the unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026.In addition to the board activity, the company confirmed that the trading window for its equity shares will remain closed during a specific period. This restriction follows previous communications regarding insider trading prevention. The trading window is set to be closed from Wednesday, July 1, 2026, through Sunday, August 9, 2026, inclusive of both...

APM Industries Ltd. Announces Board Meeting to Discuss Q1 Results; Trading Window Remains Closed APM Industries Ltd. has scheduled a meeting of its Board of Directors to review and approve the Unaudited Financial Results for the quarter ended June 30, 2026. The company has also confirmed the closure of the trading window for designated persons.The Board meeting is set to take place on Friday, August 07, 2026. A primary agenda item for the directors will be considering and approving the Unaudited Financial Results of the Company for the quarter that concluded on June 30, 2026.In connection with compliance procedures, APM Industries Ltd. reiterated the closure status of its trading window. The restriction applies to all Designated...

Zuari Agro Chemicals Limited Receives Interim Orders Related to Compounding Applications Zuari Agro Chemicals Limited has received two Interim Orders dated July 29, 2026, from the Office of the Regional Director, Western Region-I, Ministry of Corporate Affairs. These orders are in relation to compounding applications filed regarding alleged non-compliances under Sections 166 and 178 of the Companies Act, 2013.The Interim Orders relate to submissions made by the Company along with Executive Director, Promoter Directors, Director, and former Director/KMPs concerning the alleged violations.Details concerning the allegations, payment of fines, and financial impact are as follows:AspectDetailAuthority Issuing OrderRegional...

Anlon Healthcare Reports Quarterly Results; Board Approves Strategic Share Swap for API Acquisitions Anlon Healthcare Limited has announced its unaudited consolidated and standalone financial results for the quarter ending June 30, 2026. In a significant strategic move approved by the Board of Directors, the company also authorized a share swap arrangement intended to acquire two key entities in the pharmaceutical sector.The Board meeting, held on July 30, 2026, reviewed and approved the operational outcomes alongside authorizing senior management to execute the acquisition. The management was given authority for this strategic transaction involving Apiqo Organics Private Limited (AOPL) and Bizotic LifeScience Private Limited (BLPL)...

Vedanta Iron & Steel Surges on Q1 Results as Demonaged Stocks See Mixed Market Reactions The recently demerged segment of the Vedanta Group released their first set of independent earnings results for the quarter ended June 30, reflecting varying operational outcomes across the mining, steel, and power sectors. While Vedanta Iron & Steel (VISL) reported a strong increase in EBITDA driven by improved commodity prices, Vedanta Power saw profitability decline due to increased expenses. The mixed performance underscores the complex operating environment for resource-intensive companies undergoing demerger transition.Vedanta Iron & Steel Reports Resilient Performance on Margin Improvement Vedanta Iron and Steel (VISL), now independently...

B.R.Goyal Infrastructure Secures Toll Plaza Operations Contract Worth Rs 37 Crore from UPEIDA B.R.Goyal Infrastructure Limited has secured a significant work order from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The contract involves the collection of user fees and operation and maintenance (O&M) of toll plazas along the Bundelkhand Expressway.The total accepted value of the work order stands at Rs 377,54,37,907.50/-. This contract is set to run for a period of two years, with an option for extension granted by the Authority.The agreement details involve not only fee collection but also the operational requirement of deploying 12 Patrol-cum-Safety Vehicles and providing the necessary personnel to manage...

Indo-MIM Stock Surges nearly 45% on Stellar Debut; Experts Advise Caution Against Overheating Valuations Indo-MIM made an extremely strong market debut on Thursday, with its shares listing significantly above the initial IPO price. This impressive performance translated into substantial gains for early investors.The company's stock opened at Rs 703 on the BSE and Rs 700 on the NSE. This contrasts sharply with its issue price of Rs 485 per share, translating to a premium of around 44.95%.The robust debut signaled powerful investor confidence in Indo-MIM’s market standing, particularly within the global Metal Injection Moulding (MIM) industry.IPO Oversubscription and Investor Demand Highlights Indo-MIM launched an IPO with a price...

Gillette India Ltd. Reports Q1 Results: Sales Rise 11% to ₹ 783 Crore, PAT Increases 9% Mumbai, July 30, 2026 — Gillette India Limited (GIL) today announced its unaudited financial results for the quarter ended June 30, 2026. The company reported solid performance, driven by a strategic portfolio and operational efficiencies, achieving an 11% increase in sales and a 9% rise in Profit After Tax (PAT) compared to the previous year.GIL recorded total sales of ₹ 783 crore for the quarter. This top line growth was attributed to the strength of its product portfolio, meaningful innovation addressing evolving consumer needs, and effective retail execution across various channels. The company reported Profit After Tax (PAT) at ₹ 159 crores...