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Laxmi Organic Industries Approves Quarterly Results: Standalone Profit Stands at 1,300.43 MillionLaxmi Organic Industries Limited has announced the approval of its Unaudited Standalone and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. The company's Board of Directors approved the results following a meeting held on July 29, 2026.The financial reporting reflects performance across both the standalone entity and the consolidated group structure, with the Chief Operating Decision Maker evaluating the Company's performance as a single business segment: 'Chemical Business'.Standalone Financial Performance Highlights (Quarter ended June 30, 2026) For the quarter ending June 30, 2026, Laxmi Organic...

Companies Withdraw Proposed Demerger Scheme of Arrangement After Board Approval On July 29, 2026, a group of companies associated with EFC (I) Limited unanimously approved the withdrawal of its proposed Scheme of Arrangement for the demerger of a material wholly owned subsidiary into and with step down subsidiaries.The decision was taken by the respective meetings held on this date involving EFC Limited, EFC Estate Marisoft 1 Private Limited, EFC Estate Marisoft 2 Private Limited, and EFC Estate Wakadewadi GF Private Limited. These entities were central to the proposed demerger that was planned for implementation via the Fast Track Merger route under Section 233 of the Companies Act, 2013.The withdrawal of the scheme was decided...

EFC Leaders Approve Demerger of Asset-Light Office Solutions BusinessEFC Limited and EFC (I) Limited have approved a comprehensive Scheme of Arrangement involving the demerger of two core business verticals, aiming to create focused operating entities. The plan separates the asset-light managed office solutions segment from the asset-intensive real estate managed office division.The demerger involves dividing the operations of EFC Limited (the Demerged Company) into two distinct units and transferring specific assets and liabilities to EFC (I) Limited (the Resulting Company). The Scheme, which was approved by the respective Boards of Directors of both entities, is expected to benefit all stakeholders.The division being demerged...

Siyaram Silk Mills Limited’s Scheme of Arrangement Sanctioned by NCLT; Bonus Issue Proposed to Shareholders Siyaram Silk Mills Limited has received sanctioning for its Scheme of Arrangement from the National Company Law Tribunal (NCLT), allowing the company to proceed with issuing Preference Shares by way of bonus to its equity shareholders. The order, pronounced on July 21, 2026, grants approval to the scheme under Sections 230 and other applicable provisions of the Companies Act, 2013.The Scheme aims to optimally utilize substantial surplus reserves accumulated over the years by rewarding the company's shareholders. Siyaram Silk Mills Limited, which is engaged in the manufacturing, branding, and marketing of fabrics, readymade...

Connplex Cinemas Limited Launches 3 Screen Facility in Khagaul, Patna Connplex Cinemas Limited, formerly known as VCS Industries Limited, has announced the opening of a new cinema facility in Khagaul, Patna, Bihar. The expansion includes a modern venue equipped with cutting-edge technology designed to enhance the audience experience.The newly opened cinema complex consists of 3 screens and offers a total capacity of 150 seats. Located in Khagaul, the facility is set up to serve the local audience in Patna.Connplex Cinemas Limited emphasized that the new theatre is technologically advanced. The cinema is equipped with an advanced Dolby 7.1 audio system, high performance sound systems, and a dedicated 3D screen area.CONNPLEX Stock...

MPS Limited Board Reconstituted; Announces Re-appointment of Karthik Bhat Khandige as Independent Director MPS Limited announced significant changes in its board structure following a recent Board Meeting, approving the cessation of Ms. Ruvina Singh and reconstituting various key committees. The company also greenlit the re-appointment of Mr. Karthik Bhat Khandige as an Independent Non-Executive Director (INED) for a subsequent term.The Board meeting determined that the tenure of Ms. Ruvina Singh, who serves as an Independent Non-Executive Director, concludes upon the close of business hours on July 29, 2026. The cessation is noted as completion of her tenure and not due to resignation or disqualification.Ms. Singh’s departure also...

Kamdhenu Posts Highest Royalty Income and Profitability in Q1 FY27; Revenue Rises 9% Kamdhenu Limited, a leading manufacturer and seller of branded TMT Bars in the retail segment, announced its unaudited financial results for the quarter ended June 30, 2026. The company reported significant growth across key profitability metrics, including revenue from operations, Profit Before Tax (PBT), and Profit After Tax (PAT).The results reflect a strong start to FY27, driven by robust execution and resilience within its branded business model. Total Revenue for the quarter stood at Rs. 213.3 crore, marking a 9% year-on-year increase.Financial Performance Summary Financial highlights across Q1 FY27 compared to Q1 FY26 are presented below...

Accelya Solutions India Limited Recommends Final Dividend and Sets Record Date Accelya Solutions India Limited announced that its Board of Directors has recommended a final dividend of ₹ 35/- per share for the financial year 2025-26. The recommendation is subject to the subsequent approval by shareholders at the forthcoming Annual General Meeting.The company confirmed the record date pertaining to the declaration of the final dividend and provided key details regarding the equity security.Type of SecurityRecord DatePurposeEquityFriday, 9th October 2026For declaration of final dividendAccelya Solutions India Limited also specified that the dividend payout date has been set for Tuesday, 17th November 2026.ACCELYA Stock...

Eicher Motors Limited Opens Insider Trading Window Starting August 1st, 2026 Eicher Motors Limited has announced the opening of its trading window for insiders, effective August 01, 2026. This decision aligns with the company's Code of Conduct designed to regulate and monitor internal trading activities.The 'Trading Window' for Eicher Motors Limited is set to commence on August 01, 2026. The company stated that the window will remain open until further notice is communicated regarding its continuation or closure.This operational update provides clarity on the timing of insider trading activities as defined by the company regulations.EICHERMOT Stock Price Movement Eicher Motors Limited shares slipped 0.51% today, settling at ₹7779...

Mangal Electrical Industries Reports Q1 FY27 Results: Revenue Stands at $ 125.8 Crs Mangal Electrical Industries Limited (MEIL) has reported its unaudited financial results for the quarter ended June 30, 2026. The company saw significant performance metrics across revenue and profit during Q1 FY27.The financial results provide a snapshot of the company's standing against the previous year and full fiscal year figures.ParticularsQ1FY27 (₹ in Crs)Q1FY26 (₹ in Crs)FY 26 (₹ in Crs)Revenue from Operations125.889.7579.7EBITDA11.110.068.3EBITDA Margin (%)8.8%11.1%11.8%PAT (Profit After Tax)7.53.743.2PAT Margin (%)6.0%4.2%7.4%EPS (Earnings Per Share)2.721.8217.46Operational Highlights and Segment Performance MEIL...

HFCL announces transfer of unclaimed equity shares related to FY 2018-19 dividends to IEPF Authority HFCL Limited has notified shareholders regarding the status of dividends declared for the financial year 2018-19 and subsequent years, whose corresponding shares have remained unclaimed for a period exceeding seven consecutive years. Under established regulations, these shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Authority.The company confirmed that any equity shares on which dividends were not claimed for seven or more consecutive years must be transferred to the Demat Account of the IEPF Authority. Upon such a transfer, all corporate benefits accrued on those shares are credited to the...

Astral Limited Withdraws Composite Scheme of Arrangement After Independent Review Astral Limited has decided to withdraw its proposed Composite Scheme of Arrangement after a comprehensive review by the Board, following recommendations from an independent consultant. The company confirmed that no further steps will be taken regarding the scheme.The decision follows previous disclosures made on June 25, 2026, and July 5, 2026, when the Board had decided to undertake a comprehensive independent review of the Composite Scheme of Arrangement. To facilitate this review, Astral appointed an Independent Consultant for the evaluation of the scheme and its recommendations to the Board.The Independent Consultant analyzed the Composite Scheme...

Accelya Solutions Reports Q4 Consolidated Income; Recommends ₹35 Dividend Per Share Accelya Solutions India Limited, a provider of financial and commercial solutions to the airline and travel industry, reported consolidated operating income of Rs. 1,271.22 million for the quarter ended June 2026. The company also announced that its Board of Directors recommended a final dividend of ₹35 per equity share for the financial year 2025-26.The results demonstrate performance changes across the consolidated entity when compared to prior periods. Consolidated profit after tax (PAT) stood at Rs. 304.53 million for the quarter ended June 2026, an increase from Rs. 213.75 million reported in the quarter ending March 2026.Key consolidated...

AVATAR Industries Limited Incorporates Wholly Owned Subsidiary to Focus on AI and Technology AVATAR Industries Limited, formerly ASL Industries Limited, has established a new wholly owned subsidiary to expand its focus into artificial intelligence and technology enterprises. The newly incorporated entity is named AVATAR AI MINDLAB PRIVATE LIMITED and was formally brought into existence on 28th July 2026.The incorporation marks a strategic move by the parent company, as the subsidiary is intended to play a key supporting role in AVATAR Industries Limited's overall business expansion. The purpose of the new entity involves undertaking activities related to information technology, computer services, software development, and digital...

Allcargo Subsidiary Acquires Stake in ECUnordicon AB for SEK 17.6 Million Ecu Global N.V., the wholly owned subsidiary of Allcargo Global Limited, has acquired a stake in ECUnordicon AB, which is formerly known as ECU Worldwide (Nordicon) AB. The transaction was completed on July 28, 2026, with Ecu Global N.V. acquiring shares for a consideration of SEK 17,600,000.The acquisition concerns the target entity ECUnordicon AB, which operates in the Multimodal Transportation and Warehousing industry. According to details provided by Allcargo Global Limited, pursuant to a put option within a shareholders agreement entered into by ECU Global NV on July 29, 2021, Ecu Global N.V. agreed to purchase 76,924 shares, representing 10% of the shares...

Kalpataru Projects pays INR 10.46 lakhs penalty to GST Authority for detained vehicle Kalpataru Projects International Limited announced that it initiated payment of a penalty amounting to INR 10.46 lakhs on July 29, 2026, to the GST Authority in connection with a vehicle detention case.The action involved the GST Authority detaining a vehicle that was transporting goods between two project sites, an inter-state movement. The detention occurred because the authority alleged that the transported goods were not supported by valid documents.To secure the release of both the detained goods and the vehicle, Kalpataru Projects International Limited initiated the payment of the penalty amount after submitting necessary clarifications...

Akme Fintrade Announces Q1 Results and Completes Major Equity Share Allotment via Warrant Conversion Akme Fintrade (India) Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026. The company also finalized a significant capital infusion through the conversion of warrants, while announcing the appointment of Mr. Dipesh Jain as Chief Operating Officer.The Board of Directors of Akme Fintrade approved the Q1 financial results following a meeting held on July 29, 2026. A Limited Review Report was issued by the Statutory Auditor for these results.Capital Structure and Share Allotment The company completed the allotment of equity shares amounting to Rs. 6,82,65,000 after warrant holders exercised...

Jaimin Gupta Appointed CFO at Varvee Global; Abira Mansuri Resigns from Key Officer Roles Varvee Global Limited, formerly known as Aarvee Denims and Exports Ltd, has announced significant changes in its senior leadership. The company approved the appointment of Mr. Jaimin Gupta as Chief Financial Officer (CFO) while acknowledging the resignation of Mrs. Abira Mansuri from her multiple key officer roles.Mr. Gupta was appointed as CFO with effect from July 29, 2026. This decision was made following recommendations from both the Nomination and Remuneration Committee and the Audit Committee.Appointment Details: Jaimin GuptaThe Board of Directors approved Mr. Jaimin Gupta's appointment to Chief Financial Officer. Mr. Gupta brings...

Punjab National Bank Board Approves Foreign Currency Funds Raise of Up To USD 1.5 Billion The Board of Directors of Punjab National Bank has approved a significant move to raise foreign currency funds through the establishment of a Medium-Term Note (MTN) Programme. The approval was granted during the Board meeting held on July 29, 2026.Under this initiative, PNB is authorized to raise up to USD 1.5 billion. This funding structure involves the issuance of bonds under the approved MTN Programme.The capital raising will be managed through PNB IFSC Banking Unit GIFT City. The Bank’s Board meeting commenced at 01:00 p.m. and concluded at 07:00 p.m. on the date of approval.PNB Stock Price Movement Shares of Punjab National Bank slipped...

State Bank of India Launches ₹4,691 Crore Basel III Compliant Additional Tier 1 Bond Issuance State Bank of India (SBI) has successfully concluded a bidding process for its Basel III compliant Additional Tier 1 bond issuance. The non-convertible bonds were offered with a face value of ₹ 1 crore each and represent a significant corporate funding move by the bank.The issue, which was conducted on July 29, 2026, targeted investors seeking debt instruments that meet stringent regulatory criteria. These bonds are described as perpetual, subordinated, unsecured, and fully paid-up debentures.A total of 89 bids were received for the issuance. The company has set the Deemed Date of Allotment and Pay in date for July 30, 2026.The bond...