Markets

Go Digit Consolidates Power: CCI Approves Amalgamation of Infoworks into General Insurance Limited The market witnessed a significant regulatory approval today as the Competition Commission of India (CCI) granted approval for the amalgamation of Go Digit Infoworks Services Private Limited with Go Digit General Insurance Limited. This strategic move ensures that Go Digit General Insurance Limited will serve as the surviving entity, streamlining the corporate structure of the company.This approval marks a major step in the ongoing corporate structuring efforts within the insurance sector. The combination effectively brings together the holding arm and the operational business entity under a unified framework. A detailed order from the...

AGI Greenpac Reports Q1 Results; Board Approves Unaudited Financials and Announces Key Directorship Appointment AGI Greenpac Limited announced the un-audited consolidated and standalone financial results for the quarter ended June 30, 2026. The company's Board of Directors meeting held on July 28, 2026, approved these results along with key corporate governance decisions, including the recommendation to appoint Mr. Shashvat Somany as a Director and Joint Managing Director.The financial statements provide comprehensive segment-wise revenue and results details for both consolidated and standalone operations. The company's first quarter of the fiscal year showed total income at 794.23 (consolidated), with profit for the period standing...

S H Kelkar Announces Strategic Divestment as Q1 Consolidated Results Show Profit for the Quarter Ending June 30, 2026 S H Kelkar and Company Limited has announced that it has divested its entire equity stake in Keva Ventures Private Limited (KVPL), a wholly owned subsidiary. The divestiture, approved by the Board of Directors on July 28, 2026, means both KVPL and Amikeva Private Limited will cease to be subsidiaries of S H Kelkar and Company Limited following the transaction completion.The sale was completed with Keva Aromatics Private Limited (KAPL), a Promoter Group Company. The management stated that this divestment represents no meaningful impact on the Group's consolidated performance and supports the company’s strategic goal to...

Arkade Developers Limited Investigates Fraud Involving Former Chief Sales Officer; ₹2 Crore Gain Alleged Arkade Developers Limited has confirmed an internal investigation into misconduct involving its former Chief Sales Officer, Mrs. Amita Singh. The allegations concern serious irregularities related to customer transactions and agreements, leading the company to register a First Information Report (FIR) against her.The company stated that the misconduct involves multiple acts, including the alleged diversion of customer transactions through certain brokerage entities. Furthermore, the allegations include wrongful financial gain derived from both brokerage and vendor-related transactions. Another finding relates to the preparation and...

Digit General Completes Major Consolidation: Infoworks Amalgamates as Regulatory Clearance Arrives The corporate landscape of India's insurance sector is witnessing significant structural shifts following the approval of a major amalgamation by the Competition Commission of India (CCI). Go Digit General Insurance Limited has agreed to absorb Go Digit Infoworks Services Private Limited, consolidating operations and strengthening its position in the general insurance market.This strategic combination involves three key parties: FAL Corporation, Infoworks, and Digit General. The transaction, approved under Section 311 of the CCI rulings, represents a critical step in the evolution of the company's service offerings.Details of the...

Dolphin Offshore Enterprises Reports Quarterly Results for Q ended June 30, 2026 Dolphin Offshore Enterprises (India) Limited released its unaudited financial results for the quarter ending June 30, 2026, detailing performance across both standalone and consolidated operations. The company operates exclusively in the Oil & Gas Offshore Support Services segment.The financial statements were reviewed by the Audit Committee and subsequently approved by the Board of Directors on July 24, 2026.Standalone Financial Performance The results for Dolphin Offshore Enterprise (India) Limited show specific performance metrics for the quarter ended June 30, 2026. The company recognized an Expected Credit Loss (ECL) provision of Rs. 502.18 lakhs...

U.S. Department of Commerce Imposes Preliminary CVD Rate on Graphite India's Large Diameter Electrodes The U.S. Department of Commerce has preliminarily imposed a countervailing duty (CVD) rate on exports of large diameter graphite electrodes from Graphite India Limited following the conclusion of its investigations.Graphite India informed stakeholders that this action was determined by the U.S. Department of Commerce after completing preliminary affirmative determinations in the CVD investigations. The determination resulted in the imposition of a 3.68% CVD on the export of the company's large diameter graphite electrodes.The communication regarding the preliminary affirmative determinations was received on 27.07.2026.Key details...

Independent Directors Shri Mahalingam G and Dr V S Parthasarathy Cease Positions at Life Insurance Corporation Of India Shri Mahalingam G. and Dr. V. S. Parthasarathy have ceased to hold the positions of Independent Directors at the Life Insurance Corporation of India (LIC), effective July 28, 2026, upon completion of their term. The cessation means both directors also concluded their roles as chairperson or member of various corporate committees within LIC.The change in leadership involves several key committees critical to the corporation's operations and governance structure.A detailed breakdown of the committees where Shri Mahalingam G. and Dr. V. S. Parthasarathy ceased their roles is provided below:Name of CommitteeShri...

Expleo Solutions Limited Board Approves Final Dividend of Rs 110 Per Share for FY2026 The Board of Directors of Expleo Solutions Limited has recommended a Final Dividend amounting to Rs 110/- (Rupees One Hundred and Ten Only) per Equity Share. This dividend pertains to the financial year ended March 31, 2026.The decision was made at the company's adjourned meeting held on July 28, 2026. The proposed dividend is based on a face value of Rs 10/- per Equity Share.If the Final Dividend is declared by the Shareholders during the upcoming 28th Annual General Meeting (AGM), scheduled for Wednesday, August 26, 2026, the payment will be made on or before Friday, September 25, 2026.The Record Date for determining which shareholders are...

Grasim Industries Limited Invests In Subsidiary Aditya Birla Renewables Through Preferential Share Issue Aditya Birla Renewables Limited (ABReN) has approved a proposed infusion of funds by Grasim Industries Limited, which will be executed through the issuance of equity shares. The investment highlights the promoter's stake and commitment to the subsidiary.The infusion involves a preferential issue on a private placement basis. ABReN is undertaking the issuance of Equity shares at an agreed price following mutual valuation.Key details regarding the proposed share offering and its outcome are as follows:DetailParticularsType of SecuritiesEquity sharesIssuance TypePreferential issue on a private placement basisTotal...

Wol 3D India Delays Decision on Fund-Raising After Board Meeting Wol 3D India Limited announced that its Board of Directors has deferred a critical decision regarding fund-raising proposals, citing the need for comprehensive stakeholder alignment and further consideration.The company's board meeting was held on Tuesday, July 28, 2026. During this meeting, one item placed before the directors was to review various fund-raising proposals intended for the company. The meeting commenced at 5:45 P.M. and concluded at 6:35 P.M.Following detailed discussions concerning the financial structuring, the Board determined that it was necessary to allow additional time to ensure a thorough evaluation of the proposed funding mechanisms across all...

HUDCO Schedules 56th Annual General Meeting; Details of Dividend and Voting Dates Released Housing and Urban Development Corporation Limited (HUDCO) has scheduled its 56th Annual General Meeting (AGM), informing members of key timelines related to shareholder voting, dividend payments, and corporate governance.The 56th AGM is set to be held on Monday, August 24, 2026, at 11:30 A.M. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).HUDCO has established several critical dates for shareholders regarding the AGM and dividend declaration. Key deadlines relate to determining voting rights and the remote e-voting period.A summary of the important dates includes:ParticularsDates...

NCLAT Dispenses with Stakeholder Meetings in Info Edge Amalgamation Scheme, Rules Rights Unaffected The National Company Law Appellate Tribunal (NCLAT) has ruled that shareholders and creditors of Info Edge (India) Limited can be exempted from mandatory meetings regarding its amalgamation scheme. The NCLAT allowed an appeal seeking dispensation, holding that since the transferor companies were wholly owned subsidiaries of the transferee company, no new shares were issued, and consequently, the rights of stakeholders were not affected by the merger.The judgment concerned a Scheme of Amalgamation involving four private limited companies—Allcheckdeals India Private Limited, Axilly Labs Private Limited, Diphda Internet Services Limited...

Paradeep Phosphates Announces Q2 Fiscal Year 2026 Financial Results; Net Profit Stands at Rs 392.54 Crores Paradeep Phosphates Limited announced its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company's results were reviewed by the Audit Committee and approved by the Board of Directors on July 28, 2026.The results reflect the ongoing integration following the Composite Scheme of Arrangement between Paradeep Phosphates Limited and Mangalore Chemicals & Fertilizers Limited (MCFL), which was approved by the National Company Law Tribunal (NCLT).Standalone Financial Performance Summary For the quarter ended June 30, 2026, the company's standalone financial results showed a revenue from...

VST Industries Reports Q1 FY27 Results: Net Revenue Declines 13% Amid Sharp Increase in Tax Incidence VST Industries Limited, an established player in cigarette manufacture and distribution with over nine decades of experience, released its financial results for the quarter ended June 30, 2026. The company reported underwhelming performance, citing an extraordinary increase in taxation as a key factor impacting profitability.The firm announced that Net Revenue fell by 13% at Rs. 256 crores, compared to Rs. 296 crores in the previous year. Profit after Tax (PAT) saw a decline of 25%, recording Rs. 42 crores against Rs. 56 crore.The financial results provide a snapshot across three quarters:Particulars (Rs. Crore)Q1 FY27Q1 FY26Q4...

Prestige Estates Projects Recommends Final Dividend for FY 2025-26; Sets Record DatePrestige Estates Projects Limited has announced key dates related to the payment of a final dividend on its equity shares for the financial year 2025-26. The Board of Directors had recommended a final dividend amounting to ₹ 2 per equity share, pending approval by shareholders at the upcoming Annual General Meeting (AGM).The recommendation was made during a meeting of the Board of Directors held on Thursday, May 21, 2026. The company has set Thursday, August 13, 2026, as the Record Date to determine the entitlement of members for this dividend. This dividend pertains to the financial year ended March 31, 2026.The 29th Annual General Meeting is...

Larsen & Toubro Reports Q1 FY27 Results with Revenue at ₹679 Billion and Order Book Reaching ₹7,790 Billion Larsen & Toubro Limited reported strong performance in its first quarter of Fiscal Year 2027 (Q1 FY27), demonstrating robust order inflow and operational resilience amid market complexities. The company posted a total revenue of ₹679 billion and increased its Order Book significantly to ₹7,790 billion.The firm recorded Profit After Tax (PAT) at ₹41 billion for Q1 FY27, marking a 14% year-on-year growth from the previous period’s results.Key financial indicators highlighted during the quarter include:Order Inflow: Increased by 14% year-on-year to reach ₹1,080 billion. Revenue: Grew by 7% year-on-year to ₹679 billion. Order...

Minda Corporation Initiates Transfer Process for Unclaimed Dividend and Shares from FY 2018-19 to IEPF Minda Corporation Limited has mandated the transfer of certain unpaid dividends and associated equity shares to the Investor Education and Protection Fund (IEPF) Account. This action pertains specifically to unclaimed amounts corresponding to the Financial Year (FY) 2018-19 (Final).The company is required to transfer all such equity shares for which the dividend has not been claimed or encashed by shareholders for seven consecutive years or more, along with the associated unpaid dividend amount.Shareholders who have not claimed these funds are urged to verify their details and submit necessary claims prior to the set deadlines...

Almondz Global Securities Announces Quarterly Results with Net Profit from Continuing Operations at the Board Level Almondz Global Securities Limited has reported its Unaudited Financial Results for the quarter ended June 30, 2026. The company's Board of Directors considered and approved these results, which encompass both Standalone and Consolidated financial performance metrics.The company's consolidated results for the period reflect a Total Revenue From operations of 4,450 (in Lakh), an increase from 3,163 reported in the corresponding quarter of June 30, 2025. The net profit for the period stood at 1,253 (in Lakh).Financial Highlights: Consolidated Results A detailed view of the Unaudited Consolidated Financial Results for the...

Lemon Tree Hotels Strengthens Madhya Pradesh Portfolio with Keys Select Property in Ujjain Lemon Tree Hotels Limited has signed a license agreement for the development of a new hospitality property, "Keys Select by Lemon Tree Hotels," located in Panthpiplai, Ujjain, Madhya Pradesh. This move significantly expands the company's presence within the state, leveraging the commercial strength of Indore and the spiritual significance of Ujjain.The upcoming hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The property is strategically situated along the vital Indore-Ujjain Road, positioning it to serve both regional business travelers and pilgrims who seek reliable...