Markets

Nimbus Projects Limited Acts as Guarantor for Subsidiary's Loan Facility with ICICI Bank Nimbus Projects Limited has finalized the terms and conditions for acting as a guarantor regarding a significant loan facility availed by its subsidiary entity, IITL-Nimbus, from ICICI Bank Limited. The agreement covers a term loan not exceeding Rs. 23.00 Crore.The Board of Directors of Nimbus Projects held a meeting on July 27, 2026, during which it finalized the terms for providing this guarantee. The facility involves two primary purposes. Firstly, the funds are intended to repay existing term loan facilities obtained by the Borrower from other lenders and are dedicated to ongoing projects within the Borrower Group (excluding costs related to...

Antelopus Selan Energy Limited Announces Quarterly Results and Names New Internal Auditor Antelopus Selan Energy Limited, formerly SELAN EXPLORATION TECHNOLOGY LIMITED, announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors, during a meeting held on July 27, 2026, approved these results and appointed M/s Soxmate Consultants LLP as the Internal Auditor for Fiscal Year (FY) 2026-27.The company’s operating performance for the quarter reflected strong revenue generation, with Total Income reported at ₹28,777 Lakhs. The unaudited figures detail the financial status against previously reported figures in Q4 of 2025 and Q1 of 2026.Financial Performance Highlights (Quarter Ended June...

Jinkushal Industries Announces 19th Annual General Meeting and E-Voting Schedule Jinkushal Industries Limited has announced details concerning its 19th Annual General Meeting (AGM) for shareholders. The AGM is scheduled to be held on Wednesday, August 12, 2026, at 04:00 P.M.The company provided key timelines related to the remote e-voting process associated with the meeting. The cut off date for remote e-voting is set as August 5, 2026.Shareholders can participate in the remote e-voting period between Saturday, August 8, 2026 (starting at 09:00 A.M. IST) and Tuesday, August 11, 2026, with voting concluding at 05:00 P.M. IST.In preparation for the shareholders' meeting, Jinkushal Industries Limited has appointed Mr. Abhishek Jain...

Tejas Networks Reports Q1 Results: Standalone and Consolidated Figures Provided Tejas Networks Limited has reported its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results provide insights into the company's operational performance across various periods, including comparison figures from prior quarters and the full financial year ending March 31, 2026.Standalone Financial Performance The Unaudited Statement of Standalone Financial Results for Tejas Networks Limited reveals key metrics related to revenue, expenses, and profitability. The company reported a decline in income compared to previous periods.Key highlights from the standalone results include:Total Revenue from...

Kajaria Ceramics Limited Announces Resignation of CHRO Ashish Goel Kajaria Ceramics Limited has announced changes in its senior management following the resignation of Mr. Ashish Goel, Chief Human Resources Officer (CHRO). The company confirmed that Mr. Goel resigned from his role due to personal and health reasons.The change in personnel took effect as of July 27, 2026. As a member of the Senior Management team, Mr. Ashish Goel ceased serving as the CHRO of Kajaria Ceramics Limited on that date.Details regarding this managerial transition are as follows:ParticularsDetailsPersonnelMr. Ashish GoelRoleChief Human Resources Officer (CHRO) and Senior Management MemberCessation DateJuly 27, 2026Reason for...

RBI Slaps ₹50,000 Penalty on The Citizen Co-operative Bank for Failing NPA Classification Standards The Reserve Bank of India (RBI) has imposed a monetary penalty on The Citizen Co-operative Bank Limited, Bangalore, Karnataka. This action follows findings from an RBI inspection concerning the bank's adherence to critical regulatory guidelines regarding income recognition and asset classification.The fine was levied in exercise of powers conferred under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The penalty amounts to ₹ 50,000 (Rupees Fifty Thousand only).Basis of Penalty: Non-Compliance in Asset Classification The action was taken following supervisory findings from a financial...

V-Mart Retail Limited Reports Q1 Unaudited Results: Revenue Rises by 23%V-Mart Retail Limited announced its unaudited financial results for the first quarter ended on June 30, 2026. The Company's Board of Directors considered and approved the financial performance during this period.The results highlight a strong top-line performance, with Revenue from Operations reaching 1,089 Cr. This represents a significant year-on-year (YoY) growth of 23%.The unaudited financials also show robust activity in store operations. Same Store Sales Growth for the quarter stood at 161 Cr.Key performance indicators for V-Mart Retail Limited during the first quarter ending June 30, 2026 are detailed below:MetricValueRevenue from...

Avanti Feeds Sets Record Date for Dividend Payout for Financial Year 2025-26 Avanti Feeds Limited has announced the record date determining which members are eligible to receive the dividend for the Financial Year 2025-26. The company fixed Friday, August 07, 2026, as this crucial date.This designation aims to determine the eligibility of all Members who are entitled to the dividend relating to the Financial Year 2025-26.AVANTIFEED Stock Price Movement Today, Avanti Feeds Limited shares edged higher to close at ₹979.55 after the equity gained 0.38%. The stock saw robust trading activity throughout the session, with 313,085 shares traded as the security moved within a range defined by a low of ₹964 and a high of ₹993.4.

Home First Finance Reports Strong Q1FY27, Noting 34.5% Y-o-Y Growth in Profit After Tax Home First Finance Company India Limited has reported robust financial and operational performance for the quarter ending June 30, 2026, driven by strong demand in the affordable housing sector. The company recorded a significant jump in profitability while maintaining stable asset quality amidst rapid growth in its Assets Under Management (AUM) and disbursements.The firm's AUM reached ₹ 16,938 crore for the quarter, marking a 25.7% growth year-on-year (y-o-y) and a 6.7% sequential growth (q-o-q). Disbursals also reached a record ₹ 1,628 crore, reflecting a 31.0% y-o-y rise and 3.6% q-o-q increase.Profitability saw strong expansion. Profit after...

Coal India Limited Reports Q1 FY26-27 Results; Highlights Operational Milestones and Revenue Growth Coal India Limited (CIL) has released its unaudited financial results for the first quarter of Fiscal Year 2026-27. The company reported a rise in revenue from operations, despite seeing a slight decline in overall coal production compared to the previous year's corresponding period. CIL also highlighted several major operational and infrastructure developments during the quarter, including progress in solar power and gasification projects.Major Operational Achievements in Q1 2026-27 CIL secured significant milestones across its operations during Q1 FY 2026-27. The company laid the foundation stone for India's first commercial coal...

JK Paper Reports Improved Performance in Q1 FY27; Commences BCTMP Plant Operations JK Paper Limited has announced its unaudited financial results for the quarter ended June 30, 2026, showing improved performance driven by higher volume and enriched product mix. The company also highlighted key operational milestones, including the commencement of production at its Hardwood Bleach Chemical Thermo-Mechanical Pulp (BCTMP) Plant in Gujarat.The Board of Directors of JK Paper Limited considered and approved the unaudited financial results on a standalone and consolidated basis. These results reflect strategic acquisitions and capacity expansion within the company’s operations.Operational Highlights The company noted that during the...

Adani Energy Solutions Launches Qualified Institutional Placement (QIP) of Equity Shares Adani Energy Solutions Limited has commenced a Qualified Institutional Placement (QIP) for its equity shares, following approvals from its board and members. The company introduced the Issue with a floor price set at ₹ 1,698.15 per Equity Share.The QIP was authorized by the Company's Board of Directors during a meeting held on July 1, 2026. A special resolution was subsequently passed by the members on July 25, 2026. The company’s QIP Committee considered and approved the Issue, including setting the floor price, at its meeting on July 27, 2026.The preliminary placement document related to the Issue, which is being offered to qualified...

LMW Limited Reports Quarterly Results and Approves Major Expansion of Business Objectives LMW Limited released its unaudited financial results for the quarter ended June 30, 2026, alongside updates on corporate strategy and operational segments. The company’s Board of Directors meeting approved the results, which were subsequently published in daily newspapers including Business Line (English) and Hindu-Tamil (Tamil) on July 25, 2026.The company also announced a significant strategic move to amend its Memorandum of Association, seeking shareholder approval via a postal ballot to expand its business scope into numerous technology and industrial sectors.Financial Performance Highlights LMW Limited's financial results for the quarter...

HUDCO Reports Robust Q1 Results for FY27; Net Profit Rises 35% Housing and Urban Development Corporation Limited (HUDCO), a Navratna CPSE, has reported strong financial results for the quarter ended June 30, 2026. The company demonstrated sustained growth across all operational metrics while maintaining excellent asset quality.The Q1 results reflect substantial performance increases in key areas, with Net Profit rising by 35%. HUDCO recorded a Loan Book of ₹1,73,122.87 Cr, up from 1,34,410 Cr in the previous year's corresponding period. Furthermore, loan sanctions increased significantly to ₹65,485 Cr, compared to ₹34,224 Cr.Key Financial Highlights and Performance Metrics HUDCO’s operational revenue grew by 27%, reaching ₹3,717.17...

Infra Power Player GV Electricals Gears Up for IPO Amid Solid Operational Surge Delhi-based power distribution infrastructure services provider GV Electricals is set to debut its maiden public issue on July 31. The company aims to capitalize on market interest while offering investors insight into the robust growth trajectory of the sector. The IPO is priced with a band ranging from Rs 123 to Rs 130 per share.The listing marks GV Electricals’ second IPO filing on the same day, alongside the Fusion Klassroom Edutech issue. Seren Capital has been appointed as the book-running lead manager for this public offering. The allotment process is anticipated to be finalized by August 5, with trading expected to commence on the BSE SME platform...

RBI Launches Draft Amendment Directions to Turbocharge Securities Markets and Boost SN Liquidity The Reserve Bank of India (RBI) has issued crucial draft Amendment Directions concerning Securitisation Transactions. This move is set to significantly reshape the operational landscape for financial institutions in India. The guidelines, released on July 27, 2026, aim directly at improving the core efficiency and market standing of securitisation notes (SNs).The directions involve four key sets of amended rules tailored for different segments of the regulated finance sector. These drafts are available for public scrutiny and feedback from various stakeholders across the banking and NBFC space.Scope of RBI’s New Securitisation Draft...

RNFI Services Limited Retains Indian Overseas Bank to Handle Specialized Account Collections Across Five States RNFI Services Limited has executed a strategic agreement with Indian Overseas Bank, solidifying its role as a Feet-on-Street (FOS) Agency for collecting and recovering Special Mention Account (SMA) portfolios. This engagement represents a key step in the company's strategy for expanding its collections and recovery business segment.Under the terms of the agreement, RNFI Services Limited will conduct collection and recovery activities on behalf of Indian Overseas Bank, adhering to the bank's policies and applicable regulatory guidelines. The partnership covers five states: Delhi, Gujarat, Uttar Pradesh, Maharashtra, and West...

RBI Slaps ₹7 Lakh Penalty on Sangli District Co-operative Bank for Sanctioning Director-Related Loans The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹7 lakh on the Sangli District Central Cooperative Bank Ltd., Maharashtra. This significant regulatory action stems from contraventions related to banking provisions under the Banking Regulation Act, 1949.The penalty was formally issued by the RBI in an order dated July 23, 2026. The sanctioning of director-related loans constituted a key violation of statutory compliance against which the bank was penalized.Regulatory Action Over Directors' Loans The penalty was imposed after a detailed review process conducted by the Reserve Bank of India (RBI). This action relates...

Home First Finance Announces Financial Results for Quarter Ended June 30, 2026 Home First Finance Company India Limited has approved and released its Reviewed Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors at a meeting held on July 27, 2026. These results reflect the company's operations in the affordable housing financing segment.The company’s core business is financing through loans specifically directed towards the affordable housing segment in India, with all other activities revolving around this primary function.Key operational updates from the quarter include the allotment of 1,597,204 equity shares to employees under the approved employee stock option schemes...

RBI Restructures Reserve Bank of India Regulations After Excluding Rabobank From Key Act Schedule The Reserve Bank of India (RBI) has formalized a significant regulatory change concerning Coöperatieve Rabobank U.A. This administrative decision involves the bank's exclusion from the Second Schedule to the Reserve Bank of India Act, 1934. The move is documented through official notifications issued by the central bank.Regulatory Exclusion Details and Official Notification The formal exclusion of Coöperatieve Rabobank U.A. has been officially implemented by the RBI. This change was confirmed vide Notification DOR.LIC.No.S2621/23.03.027/2026-27 dated June 24, 2026.The necessary details were subsequently published in the Gazette of India...