Markets

NPPA Issues Demand Notice to AstraZeneca over Pricing of Betaloc-50 Tablets AstraZeneca Pharma India Limited has received a demand notice from the National Pharmaceutical Pricing Authority (NPPA) regarding alleged overcharging for its pharmaceutical product, Betaloc-50. The company confirmed that it is currently reviewing the notice and will take appropriate steps in accordance with applicable law.The NPPA issued the demand notice following an investigation into the pricing of Betaloc-50 (Metoprolol 50 mg tablets) under the Drugs (Prices Control) Order, 2013 (DPCO, 2013). The company received the notification on July 27, 2026.The NPPA has alleged that AstraZeneca Pharma India Ltd. sold or marketed Betaloc-50 at a Maximum Retail...

PTC India Financial Services Reports Q1 Results; Net Profit Margin Reaches 38.95% PTC India Financial Services Limited has announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), noting strong profitability and stable financial ratios across both standalone and consolidated perspectives. The company’s key financial metrics show a Net Profit Margin of 38.95% for the period.The company's Standalone Financial Results reflect significant operational strength. Total Revenue from operations stood at 103.31, leading to an Earnings Before Tax (PBT) of 54.25. The entity recorded a Net Profit of 40.24 during the quarter. Indicators such as Operating Margin reached 52.51%, while the Net Profit Margin was reported...

Brookfield Secures Major Acquisition: Financial Giant Consolidates Assets from Oaktree in Strategic Industry Move Competition Commission Approves Units Acquisition by BAM The merger and acquisition process involving global investment firms reached a significant milestone on July 28, 2026. The Competition Commission of India (CCI) has formally approved the proposed combination concerning units held by Brookfield Asset Management Ltd. (BAM). This approval pertains to the acquisition of specific units from Oaktree Capital Group Holdings, L.P. (OCGH) and Oaktree Equity Plan, L.P. (OEP).The green signal from the Commission validates a strategic move in the alternative asset management space. The transaction involves BAM engaging in an...

Central Depository Services Secures SEBI Approval for JV Partnership and MVP Development with Shoveltech Central Depository Services (India) Limited, through its subsidiary, Centrico Insurance Repository Limited, has secured SEBI approval for a joint venture agreement with Shoveltech Solutions Private Limited. The partnership involves the development of a Minimum Viable Product (MVP) under a software development agreement.The agreement formalizes a strategic collaboration between Centrico Insurance Repository Limited and Shoveltech Solutions Private Limited. Centrico Insurance Repository Limited, which is a subsidiary of Central Depository Services (India) Limited (CDSL) and was formerly known as CDSL Insurance Repository Limited...

ICRA Reaffirms Credit Ratings for Godrej Agrovet Limited, Covering Long and Short Term Facilities Godrej Agrovet Limited has received re-affirmation of its credit ratings from ICRA Limited regarding various long term and short term banking facilities and programs. The ratings were confirmed by ICRA in letters dated July 28, 2026.ICRA reaffirmed the company's long term rating for Bank limits and facilities amounting to Rs. 7.50 Crore and another set of Fund Based Facilities totaling Rs. 60.00 Crore. Both facilities carry an [ICRA]AA rating and maintain a 'Stable' outlook.For short term ratings, ICRA provided the following affirmations:A short term rating of '[ICRA]A1+' was reaffirmed for Bank limits or facilities amounting to Rs...

Deepak Phenolics Invests in Deepak Chem Tech Limited with Allocation of Preference Shares Deepak Phenolics Limited (DPL), a wholly owned subsidiary of Deepak Nitrite Limited, has invested in Deepak Chem Tech Limited (DCTL), another wholly owned subsidiary of the company. The investment involves the allotment of 1,20,00,000 9% Optionally Convertible Redeemable Preference Shares ('OCRPS') to DPL.The transaction aggregates to ₹120.00 Crores. The OCRPS have a face value of ₹100 each, and the shares were allotted at par through a cash transfer using a normal banking channel. This investment is aimed at strengthening the capital base of DCTL and supporting its operational project expenses and general corporate purposes.DCTL is currently...

Unihealth Hospitals Appoints Bachh Raj Nahar as Non-Executive Independent Director Unihealth Hospitals Limited, formerly known as Unihealth Consultancy Limited, has appointed Mr. Bachh Raj Nahar as a Non-Executive Independent Director. The appointment was approved by the company members at its 17th Annual General Meeting (AGM), which was conducted via Video Conferencing or other Audio Visual Means on July 28, 2026.The AGM commenced at 12:43 p.m. and concluded at 1:02 p.m. during the meeting where the new director’s appointment was formalized. Mr. Bachh Raj Nahar will serve in this capacity for a term of five consecutive years, effective from November 14, 2025, until November 13, 2030, subject to shareholder approval.Unihealth...

Shri Ram Switchgears Releases FY 2023-24 Annual Report and AGM Notice Shri Ram Switchgears Limited has made available its Annual Report for the Financial Year 2023-24, alongside the notice convening the 38th Annual General Meeting. The company ensured that shareholders could easily access these documents through online platforms.The Annual Report and the associated meeting notice are currently accessible on the Company's official website at https://shriramswitchgears.com/ within the Investors section. These materials are also available on the National Stock Exchange of India (NSE) website (https://www.nseindia.com/).For shareholders who wish to obtain a physical copy of the Annual Report, Shri Ram Switchgears Limited announced that...

Aarnav Fashions Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Aarnav Fashions Limited has announced the approval and adoption of its unaudited financial results for the quarter ended on June 30, 2026. These results were reviewed by the Audit Committee and subsequently approved by the Board of Directors during a meeting held on July 28, 2026.The company’s performance metrics reflect activities within the Textiles sector. The financial results for the quarter show Total Income reaching 8660.66 (Rs. in lakhs). Key income sources included Revenue from operations and Other Income.A Limited Review Report on these unaudited stand-alone financial results was conducted by Chartered Accountants, Nahta Jain &...

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...