Markets

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...

Sundaram Finance Reports Exercise of Stock Options Under ESOP Grant 15 Sundaram Finance Limited has detailed the exercise of stock options granted under its Employee Stock Option Scheme, relating to Grant 15 of the scheme. The details pertain to the conversion of stock options into equity shares for employees.The exercise involved two distinct instances pertaining to the same grant type, covering different exercise dates in July 2026.Details regarding the Exercise of Stock Options are as follows:GrantDate of GrantExercise DateNo. of Option HoldersNo. of Options1526.05.202327th July 20261201526.05.202328th July 2026140The options were granted under the Sundaram Finance Employee Stock Option Scheme - 2008 (SFESOS)...

Honeywell Automation India’s FY25-26 Highlights Show Revenue Growth Amid Strategic Shift to Autonomy Honeywell Automation India Limited (HAIL) reported key performance metrics for Fiscal Year 2025-26, noting a 12% year-over-year increase in revenue. The company continues to focus on transforming its portfolio towards enabling the shift toward trusted Industrial AI across critical sectors in India, while significantly investing in community skill development and sustainable practices.The results were presented at the company's 42nd Annual General Meeting held on July 29, 2026. Mr. Atul Vinayak Pai, Managing Director of the Company, made a presentation detailing the operational landscape and strategic direction. The company has also...

Lumax Auto Technologies Announces 45th AGM Details and Dividend Record Date for FY2025-26 Lumax Auto Technologies Limited has announced key dates related to its 45th Annual General Meeting (AGM) and set the record date for shareholders eligible for a dividend on Equity Shares for the Financial Year 2025-26.The company confirmed that the 45th AGM of its members is scheduled to be held on Wednesday, August 26, 2026, at 11:00 A.M. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).The Integrated Annual Report for the Financial Year 2025-26, which includes the Notice of the AGM and the necessary Financial Statements, Board’s Report, Auditors’ Report, Business Responsibility and...

Chalet Hotels Reports Quarterly Results; Confirms Auditor Appointment and Strong Debt Security Chalet Hotels Limited has released its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, following the approval of the Board of Directors. The company also announced a key strategic appointment regarding its statutory audit firm.The Board meeting held on July 29, 2026, confirmed the interim performance metrics across all operating segments while appointing M/s Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors for a term of five consecutive financial years, commencing from the conclusion of the Annual General Meeting (AGM) for FY 2026-27 until the AGM for FY 2031-32...

EFC (I) Limited Releases Quarterly Results: Standalone and Consolidated Performance Highlights EFC (I) Limited today announced its unaudited financial results for the quarter ended June 30, 2026. The company reported key figures across both standalone operations and consolidated group performance. These results were reviewed by the Statutory Auditors, M/s. Mehra Goel & Co. LLP.Standalone Financial Results (EFC (I) Limited) The standalone results for EFC (I) Limited showed Total Income of 10,217.69 lakhs in the quarter ended June 30, 2026. Revenue from operations stood at 9,856.68 lakhs, supported by Other income totaling 361.01 lakhs.The company recorded total expenses amounting to 8,518.58 lakhs for the period. The Profit Before...

NTPC Group Capacity Reaches 91,080 MW Following COD Declaration of Solar Component in Rajasthan NTPC Limited has reported an operational milestone following its subsidiary, NTPC Green Energy Limited (NGEL), declared the Commercial Operation Date (COD) for a third-party solar capacity component within a project in Rajasthan. This achievement contributes significantly to the renewable energy expansion efforts of the group.The COD declaration pertains to 50 MW of Solar Capacity, which forms part of a cumulative 150 MW Solar component under a 100 MW RE Round The Clock (RTC) project located in Rajasthan. The operational status was declared effective from 00:00 hrs on July 31, 2026.In line with this operational update, the NTPC group has...

EFC (I) Limited Reports Q1 Results Amid Board Approval of Strategic Alterations and Rights Issue EFC (I) Limited announced the outcome of its Board meeting held on July 29, 2026, confirming the approval of unaudited financial results for the quarter ended June 30, 2026. The Board also reviewed changes to the Memorandum of Association and took note of the withdrawal of a previous Scheme of Arrangement (Demerger).The company reported significant performance across its standalone and consolidated operations.Financial Performance Snapshot The unaudited standalone results for EFC (I) Limited showed a Total Income of 10,217.69 lakhs for the quarter ended June 30, 2026. The total expenses were recorded at 8,518.58 lakhs, resulting in a...

Agreement Signed Between NBCC and Govt of Seychelles for 1008 Affordable Housing Project NBCC (India) Limited has signed a formal agreement with the Government of the Republic of Seychelles to undertake the construction of the Ile Aurore Housing Project, which includes 1008 affordable housing units and associated infrastructure. This project is set to enhance urban living standards in Seychelles.The agreement was formalized on July 29, 2026, in Seychelles. The contract was signed by Mr. Joseph Francois, Secretary or State and Lands, Housing and Infrastructure of the Government of the Republic of Seychelles, and Mr. Pradeep Shanna, Executive Director (Engg.) of NBCC.The Ile Aurore Housing Project involves the construction of 1008...

NCLT Directs Shareholder Meetings for ACC and Ambuja Cements Amalgamation Scheme The National Company Law Tribunal (NCLT) has directed both ACC Limited and Ambuja Cements Limited to convene separate meetings of their equity shareholders concerning the proposed Scheme of Amalgamation. The rulings set the stage for the continuation of the merger process, emphasizing the financial standing and operational rationale behind the consolidation of the two companies.The order, pronounced on July 29, 2026, mandated specific timelines for both entities to consider and approve the amalgamation scheme.Key Directives and Timelines The NCLT has set separate meeting dates for the equity shareholders of the merging and receiving companies:ACC...

Boss Packaging Solutions Limited Approves Share Capital Increase and Prefential Warrant Issue Boss Packaging Solutions Limited, a manufacturer and exporter of packaging machinery for various industries including beverages, cosmetics, food, and pharmaceuticals, announced several key corporate developments following its Board meeting held on July 29, 2026. The board approved significant updates to the company’s authorized share capital structure and planned the issuance of convertible warrants to the Promoter Group to raise funds.The Board approved an increase in the Company's Authorized Share Capital from Rs. 5,00,00,000, comprising 50,00,000 equity shares valued at Rs. 10.00 each, to Rs. 6,00,00,000, which will be divided into...

Chemfab Alkalis Limited Reports Q1 Results; Board Approves New Statutory Auditor Appointment Chemfab Alkalis Limited has released its unaudited financial results for the quarter ended June 30, 2026, alongside a limited review report prepared by Deloitte Haskins & Sells LLP. The company's Board of Directors reviewed and approved these results on July 29, 2026. Additionally, the Board meeting addressed the appointment of M/s. M S K A & Associates LLP as the Statutory Auditor for the first term of five consecutive years, pending shareholder approval at the forthcoming Annual General Meeting (AGM).Financial Performance Snapshot: Standalone Results The company’s standalone financial performance for the three months ended June 30, 2026, saw...