Markets

Hindustan Oil Exploration Company Confirms Focus on Existing PY-1 Field for Additional Development DrillingHindustan Oil Exploration Company Limited (HOEC) has provided clarification regarding media reports concerning proposed drilling activities in the existing PY-1 Offshore Field within the Cauvery Basin. The company stated that the proposal involves only additional development wells within the boundaries of the established PY-1 block and not a new exploration area.The PY-1 field is an existing and producing offshore gas asset, operated by HOEC since April 2006. The facility includes existing offshore wells, an unmanned SUN wellhead platform, and a subsea pipeline approximately 56 to 57 km long that connects the offshore...

Avana Electrosystems Set AGM Date; Director Re-appointment Approved Amid Manufacturing Progress Update Avana Electrosystems Limited announced several key decisions following its Board Meeting held on August 19, 2026. The company fixed the date for its 16th Annual General Meeting (AGM) and approved the re-appointment of a Whole Time Director. Furthermore, the company provided an update on its integrated manufacturing unit, noting that commercial production is expected by the end of October 2026.The Board meeting focused on operational efficiency and corporate governance structure. The date for the upcoming AGM was fixed as September 28, 2026, which will be conducted through Video Conferencing or other Audio Visual Means.Key decisions...

Standard Industries Limited Reappoints Khurshed Thanawalla as Non-Executive Independent Director The Board of Directors of Standard Industries Limited has secured the re-appointment of Shri Khurshed Thanawalla as a Non-Executive Independent Director (NEID). This decision was ratified by the members of the Company at its 129th Annual General Meeting held on August 18, 2026.The appointment extends Shri Thanawalla's tenure for five years, following the completion of his existing term. The re-appointment is set to commence from May 19, 2027, and will conclude on May 18, 2032. Prior to this new term, his current role was scheduled to end on May 18, 2027.The company confirmed that Shri Khurshed Thanawalla is not debarred from the office...

Navneet Education Receives GST Audit Report Noting Aggregate Tax Short Payment of ₹13.77 Lakh Navneet Education Limited has received an audit report regarding Goods and Services Tax (GST) for the financial years 2020-21 to 2023-24, which includes findings related to a short payment of tax.The company received Form GST ADT-02, an Audit Report issued under Section 65(6) of the Central Goods and Services Tax Act, 2017. The report was provided by the Office of the Assistant Commissioner, Central Tax (Audit), Audit Circle, Patna, on August 18, 2026.The audit report focused on the examination of the company's books of account, records, and GST returns for the specified four-year period. During this review, an aggregate short payment of...

Pritika Engineering Components Sets Timelines for Annual General Meeting and E-Voting Pritika Engineering Components Limited has announced key timelines related to its upcoming Annual General Meeting (AGM), specifying periods for book closure of members and the schedule for e-voting. The AGM is scheduled for Thursday, September 17, 2026.The company confirmed that the 'Register of Members and the Share Transfer Book' will be closed from Friday, September 11, 2026, to Thursday, September 17, 2026. This period encompasses the necessary closure required for the AGM scheduled on the same day.In addition to the book closure, Pritika Engineering Components has established a defined schedule for the e-voting process. The company fixed...

Suyog Urja Limited Incorporates Wind Earth Private Limited to Expand in Renewable Energy Sector Enviro Infra Engineers Limited’s step-down subsidiary, Suyog Urja Limited, has successfully incorporated a Wholly Owned Subsidiary (WOS) named Wind Earth Private Limited (WEPL). The incorporation took place on August 19, 2026, positioning WEPL within the energy and renewable power industry.Wind Earth Private Limited is dedicated to advancing projects across various facets of sustainable resource utilization in India. The company’s business scope includes generation, transmission, and distribution of electricity using both non-conventional and conventional resources. This specialized focus encompasses wind power, hydropower, biogas, biomass...

Seamec Limited Extends Contract Period for Charter Hire of Vessel SEAMEC II Seamec Limited has announced that the contract period for charter hire of its Vessel SEAMEC II has been extended until August 31, 2026. This extension was confirmed following notification by ONGC.The company stated that all terms and conditions pertaining to the original contract remain unchanged despite the extension of the period.The updated contract details relate to the charter hire arrangement for Vessel SEAMEC II, ensuring continued operation under the existing agreement structure.SEAMECLTD Stock Price Movement Shares of Seamec Limited rallied in the market session, closing at ₹1635.7 today after gaining 4.46%. The stock traded within an intraday...

Dynacons Achieves SOC 2 Type II Certification, Reinforcing Commitment to Security and Trust Dynacons Systems & Solutions Limited, a leading provider of digital infrastructure, cloud, cybersecurity, and managed services solutions, announced it has successfully achieved SOC 2 Type II Certification. This globally recognized benchmark validates the company's commitment to security, reliability, and operational excellence.The certification confirms the effectiveness of Dynacons’ controls and processes related to Security, Availability, and Confidentiality over an extended audit period. Achieving SOC 2 Type II demonstrates that the organization possesses the capability to securely manage customer data and maintain reliable service delivery...

Equitas Small Finance Bank Schedules Investor Conference for August 2026 Equitas Small Finance Bank Limited, formerly known as Equitas Finance Limited, has announced the schedule for its upcoming investor conference. The meeting is intended to provide updates and engage with analysts and institutional investors regarding the bank's operations.The conference is scheduled for Monday, August 24, 2026, and will feature a session titled "Yes Securities' Housing Conference." This event is being organized by Yes Securities (India) Limited and will include both Group and One to One meetings. The mode of participation will be In Person and Virtual, with the venue set at Yes Bank House in Santacruz.Details regarding this scheduled investment...

Aditya Infotech Board Approves Securities Issuance for Up To ₹ 1,500 CroresThe Board of Directors of Aditya Infotech Limited has approved plans to raise funds through the issuance of securities. The approval was granted following a Board meeting held on August 19, 2026.The decision allows the company to raise capital by issuing equity shares through permissible methods, including public issues or Qualified Institutional Placement (QIP), or any combination thereof. This major funding initiative is subject to subsequent shareholder and regulatory approvals.In addition to approving the fundraising activity, the Board also sanctioned ancillary actions necessary for the process. These approved measures include seeking shareholder...

The Phoenix Mills and Offbeat Developers Acquire Stake in O2 Renewable XXVIII Through Security SubscriptionThe Phoenix Mills Limited has finalized an amendment to a Security Subscription and Shareholders' Agreement with partners Offbeat Developers Private Limited, JSW Neo Energy Limited, and O2 Renewable Energy XXVIII Private Limited. This transaction involves the subscription of Equity Shares and Series B Compulsory Convertible Debentures in O2 Renewable XXVIII, securing captive user requirements for renewable energy generation.On August 19, 2026, The Phoenix Mills Limited was allotted a total of 274,332 Equity Shares, each with a face value of Rs. 10/-. Additionally, the company received 24,690 Series B Compulsory Convertible...

Tata Communications Issues Commercial Paper Worth ₹250 Crore Tata Communications Limited has successfully issued and allotted Commercial Paper aggregating to ₹250 crore. The security was issued on August 18, 2026, with a specified redemption date of November 17, 2026.The Commercial Paper details specify the terms and conditions of the issue. Key financial parameters for the security are detailed below:Description of the SecurityDetailsSize of the Issue₹250 croreDate of IssueAugust 18, 2026Date of RedemptionNovember 17, 2026Face Value per security₹5,00,000/-Discount Rate6.51% p.a.ISININE151A14339The Commercial Paper was listed on the National Stock Exchange of India Limited on August 19, 2026. This transaction...

QMS Medical Allied Services Ltd Awards Gold Certification in Cybersecurity Assessment QMS Medical Allied Services Limited has been awarded "Gold" certification for 2026 after successfully completing a comprehensive cybersecurity assessment conducted by CyberVadis. The recognition highlights the company's robust commitment to information security governance within the healthcare technology sector.The independent assessment resulted in QMS Medical Allied Services Ltd scoring 918 out of 1,000, placing the organization in the "Mature" cybersecurity maturity category. This certification is valid until August 17, 2027, after which a re-assessment will be conducted.Understanding the CyberVadis Standard CyberVadis operates as an independent...

Dhanlaxmi Bank Approves Formulation of Employee Stock Option Plan 2025 The Board of Directors of Dhanlaxmi Bank Limited has approved the formulation of the 'Dhanlaxmi Bank Limited Employee Stock Option Plan 2025' (ESOP 2025). This approval follows a recommendation by the Nomination and Remuneration Committee.Under ESOP 2025, the bank holds the authority to grant up to 27,628,919 employee stock options. The plan is designed for eligible employees as determined by the Nomination and Remuneration Committee.While the plan has been approved at the board level, no grants are currently being made under ESOP 2025 as it remains subject to the approval of the Bank's members (shareholders).Details regarding the options granted are as...

Jindal Stainless Wins Multiple Awards at People Matters Infini-T Awards 2026 for HR Transformation Jindal Stainless, a leading stainless steel manufacturer in India, secured two prestigious honors at the People Matters Infini-T Awards 2026. The company was awarded the Gold Award in the HR Operations category and the Silver Award in Digital Adoption & Change Leadership. These awards recognize Jindal Stainless' commitment to transforming its HR function into a digitally enabled, scalable ecosystem focused on employee experience.The recognition reflects the organization-wide transformation of HR operations, which has been implemented across 17 entities within the company. This initiative covers more than 12,700 employees, encompassing...

Solara Active Pharma Sciences Approves Conversion of Partly Paid-up Rights Equity Shares Solara Active Pharma Sciences Limited has approved the conversion of partly paid up Rights Equity Shares into fully paid up equity shares following the receipt of requisite call monies. The Board of Directors, through a Circular Resolution passed on August 19, 2026, sanctioned the conversion of 279,582 partly paid up Rights Equity Shares into fully paid up equity shares with a face value of Rs. 10 per share for Solara Active Pharma Sciences Limited.The converted shares comprise two distinct groups, each relating to different types of call monies received from shareholders. The company confirmed that the conversion decision was made after issuing...

Foods & Inns Limited Announces Book Closure for Annual General Meeting and Dividend Distribution Foods & Inns Limited has announced the booking period for its members in connection with the company's upcoming 54th Annual General Meeting (AGM) and dividend distribution.The Register of Members and the Share Transfer Books of the company will be closed from Monday, September 21, 2026, through Monday, September 28, 2026. This book closure period is specifically designated for the purposes of conducting the Annual General Meeting and distributing dividends to shareholders.The 54th Annual General Meeting of Foods & Inns Limited is scheduled to be held on Monday, September 28, 2026, at 4:00 P.M.Key details regarding the company's equity...

National Land Monetization Corporation Launches RFP for ITI Land e-Auction in BengaluruBengaluru land valued at a high reserve price is up for auction as the National Land Monetization Corporation (NLMC) has issued a Request for Proposal (RFP). The transaction involves 44.03 acres of land owned by ITI Limited, a Government of India Undertaking.The e-auction aims to monetize the state asset and is scheduled for the Krishnarajapuram location in Bengaluru, Karnataka. NLMC, acting on behalf of ITI Limited, has established a reserve price for the parcel at ₹1685.40 Crores.Those interested in participating in the sale are advised that further details regarding the e-Auction will be available on the ITI Official Website under the...

Manglam Infra & Engineering Announces Third Annual General Meeting and Directs Shareholders to AGM Materials Manglam Infra & Engineering Limited has announced that its Third Annual General Meeting (AGM) will be held on Friday, September 11, 2026. The meeting is scheduled for 12:00 Noon (IST) and will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).The Company informed shareholders that due to records showing unregistered email addresses against their Demat Account or Folio Number, the Annual Report and AGM notice are being made available via the company’s website.Shareholders who do not have a registered email address with the Company, its Registrar & Transfer Agent (RTA), or Depository Participants...

Innovative Tyres & Tubes Board Approves Director Report, Announces Key Personnel ChangesInnovative Tyres & Tubes Limited announced several key outcomes from its Board of Directors meeting held on August 19, 2026. The board meeting covered vital operational reviews, material personnel changes, and preparations for the upcoming Annual General Meeting (AGM).During the meeting, the directors approved the Draft Director's Report intended for the financial year 2025-26. Furthermore, the company's Board addressed the Internal Audit Report issued by M/s Khode & Associates (FRN No. 144717W) for the financial year 2025-26 and subsequently approved the draft notice for the Annual General Meeting, determining its date, time, and venue...