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Shera Energy Approves Scheme of Amalgamation Proposal Involving Two Subsidiaries The Board of Directors of Shera Energy Limited has approved the exploration of a Scheme of Amalgamation involving the company and its subsidiaries, Rajputana Industries Limited and Shera Metal Private Limited. The decision was made during a meeting held on Friday, July 28, 2026, with the goal of evaluating the feasibility of the proposed corporate restructuring.Following detailed deliberations, the Board expressed a positive inclination towards pursuing the amalgamation scheme. To advance this proposal, the Directors authorized the constitution of a dedicated Committee. This committee has been assigned the task of thoroughly evaluating the feasibility of...

Ginni Filaments Limited plans South Africa expansion through Wholly Owned Subsidiary Ginni Filaments Limited has initiated plans to establish a new subsidiary in the Republic of South Africa. The company’s Board of Directors approved the proposal for the incorporation of this Wholly Owned Subsidiary (WOS), aimed at expanding into international markets.The proposed entity, tentatively named Ginni RSA (Pty) Ltd, will be incorporated in South Africa and is set to become a 100% WOS of Ginni Filaments Limited. The subsidiary’s operations are focused on the manufacturing, converting, trading, marketing, distribution, and sale of wet wipes and allied consumer products.The incorporation process requires registration with the Companies and...

ESG Rating Assigned: Kalpataru Projects International Limited Receives '56' (Adequate) Rating Kalpataru Projects International Limited has received an Environmental, Social, and Governance (ESG) rating from ESG Risk Assessments & Insights Limited. The rating assigned to the company is '56', which signifies an Adequate level of performance across environmental, social, and governance parameters.The assessment was conducted by ESG Risk Assessments & Insights Limited, a SEBI registered ESG Rating Provider. The agency assigned the rating independently based on publicly available information, noting that the company had not engaged the service provider for the specific ESG rating assessment.KPIL Stock Price Movement Kalpataru Projects...

Birlasoft Reports Quarterly Results: Consolidated Revenue Reaches 13,793.96 Million; Net Profit Stands at 1,609.97 Million Birlasoft Limited has announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company’s Board of Directors approved the results, which show consistent performance across both consolidated operations and the standalone entity.Key Financial Highlights (Consolidated) For the quarter ending June 30, 2026, Birlasoft reported a Consolidated Revenue from operations of 13,793.96 million. The company posted a Total Income of 14,084.23 million and recorded a Profit for the period of 1,609.97 million. Basic Earnings Per Share (EPS) stood at 5.72.Consolidated...

Expert Committee Recommends Environmental Clearance for OMDC's Belkundi Iron & Manganese Ore Mine The Orissa Minerals Development Company Limited (OMDC), a Government of India Enterprise, has received a recommendation from the Expert Appraisal Committee (EAC) regarding its Belkundi Iron and Manganese Ore Mine project. The approval pertains to the fresh Environmental Clearance (EC) proposal for the site in Kendujhar, Odisha.The EAC, during its 9th meeting held on July 17, 2026, reviewed the proposal under the provisions of the EIA Notification, 2006. The committee recommended granting EC to the mine, specifying key parameters related to area and production capacity.The Belkundi Iron and Manganese Ore Mine is situated in Kendujhar...

Tata Capital Announces Q1 2026 Results; Extends Chief Compliance Officer’s Tenure Tata Capital Limited released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also confirmed the re-appointment of Ms. Sarita Kamath as the Chief Compliance Officer and provided updates on its strategic initiatives, including a proposed acquisition and the utilization of IPO proceeds.The Board of Directors approved these unaudited financial results at its meeting held on July 28, 2026. The company’s consolidated performance saw total income stand at 8,825.38 crores, generating a profit for the period of 1,628.18 crores.Financial Highlights and Performance Metrics The results show various...

Equitas Small Finance Bank Posts Strong Profitability in Q1FY27, Reversing Previous Loss and Improving Asset Quality The Board of Directors of Equitas Small Finance Bank Limited approved its unaudited financial results for the quarter ended June 30, 2026. The bank demonstrated strong profitability and improved asset quality, turning a loss incurred in the corresponding period last year into a quarterly profit.Equitas reported a Profit After Tax (PAT) of ₹184 Crore for Q1FY27, significantly contrasting with a loss of ₹224 Crore recorded in Q1FY26. The bank’s Return on Assets (ROA) stood at 1.18%, and the Return on Equity (ROE) was reported at 11.76%.In terms of growth metrics, Gross Advances grew by 27% year-on-year (YoY) and saw a...

Petronet LNG Limited Board Takes Note of Non-Compliance Issues Raised by Stock Exchanges Petronet LNG Limited announced that its Board of Directors has taken cognizance of non-compliance issues identified in relation to SEBI (LODR) Regulations, 2015.The company's Board reviewed the matter on July 27, 2026, following communications received from both the National Stock Exchange of India Limited and BSE Limited regarding specific areas of non-compliance.The review pertains to observations made by the exchanges concerning regulatory requirements under SEBI (LODR) Regulations, 2015. The company noted these issues during its Board meeting on July 27, 2026.PETRONET Stock Price Movement Today, Petronet LNG Limited shares edged higher to...

Netweb Technologies Announces Quarterly Results, Sets Dividend Record Date, and Schedules AGM Netweb Technologies India Limited reported its quarterly unaudited financial results for the quarter ended June 30, 2026, announcing significant corporate actions including the appointment of a new Cost Auditor and setting the record date for the final dividend.The company's Board of Directors reviewed and approved the interim results, which were submitted alongside a limited review report issued by the Statutory Auditors. The full details of the financial results are available on the company’s investor section website.Financial Performance Snapshot (Q Ended June 30, 2026) The Statement of Financial Results for the quarter ending June 30...

ONGC Approves USD 500 Million Parent Guarantee for Subsidiary MRPL Oil Imports Oil and Natural Gas Corporation Limited (ONGC) has approved a significant corporate guarantee intended to facilitate the crude oil imports of its subsidiary, Mangalore Refinery and Petrochemicals Limited (MRPL). The Board of Directors of the company sanctioned the proposal to provide a Parent Company Guarantee (PCG) valued at USD 500 million.The PCG is set up in favour of Saudi Arabian Oil Company (Saudi Aramco). This financial backing will enable MRPL to import crude oil directly from Saudi Aramco for a specified period.MRPL, which operates as a subsidiary of ONGC, will benefit from the guarantee throughout the duration of the agreement. The coverage...

NCLT Approves Resolution Plan for Wind World India Ltd; Authum Investment Commits INR 350 Crore The resolution plan involving the acquisition of Wind World (India) Limited has received approval from the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The order granting approval was issued on July 27, 2026.The resolution plan involves a consortium comprising Inox Neo Energies Limited (INEL) and Authum Investment & Infrastructure Limited. This joint effort aims to acquire aspects of Wind World (India) Limited (WWIL).Under the approved Resolution Plan, INEL, acting as the Lead Member or its affiliates, is set to acquire two key areas from WWIL: the Intellectual Property (IPP) and power sale undertaking, as well as the...

Dwarikesh Sugar Industries Reports Q1 FY27 Results; Loss Narrowed Compared to Previous Year Mumbai, July 28, 2026: Dwarikesh Sugar Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026. In Q1 FY27, the company reported a loss before tax (LBT) of Rs. 34.38 crore and a loss after tax (LAT) of Rs. 25.73 crore, reflecting changes compared to the results in Q1 FY26, when it posted an LBT of Rs. 13.03 crore and a LAT of Rs. 9.38 crore.The company's performance was characterized by lower contributions from both sugar and ethanol segments, coupled with the absence of byproduct sales during the quarter.Financial Performance Overview Total income stood at Rs. 360.07 crore for Q1 FY27, down from Rs...

Crizac Acquires Inova Education Expanding European Reach and Strengthening Mexico Market Position Crizac Limited, an international student recruitment platform, has acquired 100% of the shareholding in Inova Consultancy Limited ('Inova Education') through a wholly owned subsidiary. This strategic acquisition expands Crizac's presence into the Netherlands and reinforces its university partnerships across the UK and Europe.The move significantly boosts Crizac’s ambition to become a leading global international education platform. As part of the deal, Crizac will take over Inova Consultancy Limited's full business operations. These acquired assets include Inova’s recruitment platform, commercial contracts, operational processes, business...

City Union Bank Reports Strong Q1 FY27 Results with Profit and Asset Quality Improvements City Union Bank Limited announced its performance results for the first quarter of Financial Year 2026-27, demonstrating robust growth across key operational areas. The bank reported a significant rise in profit, coupled with improvements in asset quality during the period ended June 30, 2026.The Board of Directors approved the standalone un-audited financial results for the quarter.Financial Performance Overview (Q1 FY27 vs Q1 FY26) The bank saw marked growth in its income generation and profitability. Total Income grew by 21%, while Net Interest Income increased substantially.ParticularsQ1 FY27Q1 FY26Growth (%)Interest Income1,985...

Sirca Paints India Announces Q1 Financial Results For Quarter Ended June 30, 2026 Sirca Paints India Limited has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved these results at a meeting held on July 28, 2026. These financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) as prescribed under Section 133 of the Companies Act, 2013.The company operates exclusively in one segment: manufacturing and repackaging of wood, wall paints, and related products. The Financial Results provide comprehensive insight into the performance across the quarter, comparing key metrics against previous periods...

Netweb Technologies Announces Quarterly Results for June 30, 2026; Sets Dividend Record Date Netweb Technologies India Limited has released its quarterly unaudited financial results for the quarter ended June 30, 2026. The company also announced a key record date related to dividend eligibility and provided details regarding its upcoming Annual General Meeting (AGM).The financial results were reviewed by an Independent Auditor and approved by the Board of Directors.Financial Performance Snapshot The company's performance metrics for the quarter ended June 30, 2026, showed Total Income of 8,281.58 million INR. Total expenses stood at 7,140.20 million INR, leading to a Profit before Tax of 1,141.38 million INR.The financial figures...

ICRA Limited acquires remaining stake in Fintellix, making it a wholly-owned subsidiary ICRA Limited has completed the acquisition of the remaining 1.25% shareholding in Fintellix India Private Limited, formalizing its control and establishing the company as a wholly-owned subsidiary. The transaction was executed with a consideration of INR 3.17 crores, and cash payment constituted the entire cost of acquiring the shares.With this acquisition, ICRA Limited has ensured that Fintellix India Private Limited operates entirely under its umbrella, solidifying its position within the company's operations. Consequently, subsidiaries of ICRA have also become step down wholly-owned subsidiaries as of the completion of the purchase.Fintellix...

Equitas Small Finance Bank Reports Financial Results for Quarter Ending June 30, 2026 Equitas Small Finance Bank Limited has released its Unaudited Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors and subjected to limited review by the Joint Statutory Auditors, M/s ASA & Associates LLP and M/s Suri & Co.The bank also confirmed that the issue proceeds from Non-Convertible Debentures (NCDs) have been fully utilized for their intended purposes and that these NCDs are unsecured.Financial Performance Highlights For the quarter ended June 30, 2026, Equitas Small Finance Bank recorded specific figures across its income and expenditure lines. Key financial metrics include...

Pace Digitek Group Crosses 300 Utility-Scale BESS Container Milestone, Signaling Expansion in Energy Storage Pace Digitek Limited has achieved a significant manufacturing milestone through its subsidiary, Lineage Power Private Limited (LPPL). The company has successfully manufactured 300 utility-scale Battery Energy Storage System (BESS) containers, representing approximately 1.5 GWh of battery energy storage capacity.The achievement underscores Pace Digitek’s expanding footprint within the rapidly growing battery energy storage sector. In support of the increasing demand for advanced BESS solutions, the company is executing a series of major expansion initiatives across its operations.These strategic growth plans include augmenting...

Adani Cement Reports Q1FY27 Results Amid Market Headwinds; Focus Shifts to Value and Blended Products Adani Cement released its first quarter results for the fiscal year 2027, showcasing a focus on optimizing quality earnings amid challenging market conditions. The consolidated figures reflect strategic decisions emphasizing trade mix and premium products, despite operating cost pressures driven by global events in West Asia.The company reported volumes of 17.1 million tonnes (MnT) in Q1FY'27, marking a 7% decline year-over-year (YoY). Revenue from operations stood at ₹9,500 Crore (Cr), which is an 8% decrease compared to the same period last year. The consolidated EBITDA reached ₹1,589 Cr, resulting in an EBITDA margin of 16.7%.On...