Markets

Hirect Secures Maiden MEMU Trainset Order, Marking Expansion into Integrated Rail Systems Hirect Limited (formerly Hind Rectifiers Limited) has secured its inaugural order for Mainline Electric Multiple Unit (MEMU) trainsets from MCF. This agreement marks a pivotal moment in the company's strategic evolution, enabling it to transition beyond being solely a component manufacturer and establish itself as a provider of integrated railway systems.The development order is valued at approximately ₹ 60 crore. It involves supplying complete Propulsion Systems for four MEMU trainsets. These supplied components include Traction Transformers, Traction Motors, and the Complete Propulsion System which incorporates the Train Control and Management...

Lyons Corporate Market Ltd to Hold Board Meeting to Approve Q1 Unaudited Financial Results Lyons Corporate Market Ltd has scheduled a meeting of its Board of Directors to review and approve the company's Unaudited Financial Results for the first quarter ending June 30, 2026.The meeting is set to take place on Thursday, August 13, 2026, at the registered office of the company. The primary focus of the Board will be considering and approving the financial performance detailed in the Unaudited Financial Results for the first quarter concluded on June 30, 2026.Stock Price Movement As of 11:14, Lyons Corporate Market Ltd shares are holding steady at ₹22.50, recording zero change in value. The stock is trading completely flat, with its...

Promoter Group Status Change: Payal Upadhyay Seeks Public Shareholder Classification at Antelopus Selan Energy Antelopus Selan Energy Ltd. is undergoing a shareholder status review following a request made by Ms. Payal Upadhyay for reclassification from Promoter Group to Public category. The matter was addressed in the company’s Board of Directors meeting on July 27, 2026.Ms. Payal Upadhyay sought the change in classification based on her current involvement and holdings within the company. As of the date of the request, she holds 166 equity shares in Antelopus Selan Energy Ltd., which accounts for 0.001% of the total voting rights in the Company.Ms. Upadhyay stated that the rationale behind her request is that she has no role to...

Forge Breakthrough: Two SME IPOs Launch as Advance Technoforge and Propshop Events Seek Investor Backing The SME segment saw fresh activity on July 27, 2026, with two specialized public issues opening for subscription. The BSE SME Advance Technoforge IPO and the NSE SME Propshop Events & Exhibitions IPO present investors with distinct opportunities in the industrial manufacturing and event solutions sectors. Despite the new listings, both offerings have seen a muted response on their opening day, with current subscription levels remaining below 1%.Advance Technoforge SME IPO Details: A Look at Precision Manufacturing The Advance Technoforge IPO is a fixed-price issue totaling Rs 24.03 crore and comprises 25 lakh shares. The company...

SMC Global Securities Reports Robust Q1 FY27 Performance Driven by Broking and Distribution SMC Global Securities Ltd announced results for the first quarter of the financial year 2026-27, showing significant growth in broking and distribution services. The company reported a Consolidated Operational Income of INR 515.1 Crores, marking a 21.2% increase year-on-year (Y-o-Y).The Q1 FY27 performance demonstrated healthy expansion across the group's activities. Consolidated EBITDA reached INR 107 Crores, reflecting a 6.9% rise in the same period and showing a 350 basis point bps improvement in EBITDA Margins compared to Q1 FY26. The company also recorded a Profit After Tax (PAT) of INR 36.7 Crores, with PAT Margins improving by 290 bps...

Mahanadi Coalfields IPO Set for Rs 10,000 Crore Listing as Coal India Pushes Disinvestment Agenda State-owned Mahanadi Coalfields Ltd (MCL), a highly profitable subsidiary of Coal India Limited, has initiated the process to divest a stake in its operations through a major Initial Public Offering (IPO). The invitation extended to investment banks signals a significant move in the Centre's broader push toward unlocking value from public sector enterprises.The proposed IPO is expected to be worth around Rs 10,000 crore. Banker presentations are scheduled for August in Kolkata, and industry sources suggest that top domestic financial institutions will participate, with foreign banks potentially being part of the process as well.Key...

Elpro International Ltd. Initiates Voluntary Delisting Offer; Fixed Price Set at ₹181.80 per Share Elpro International Limited has initiated a voluntary delisting offer of its Equity Shares from the BSE, with the Acquirers setting a fixed price for the transaction through a public tender mechanism. The delisting proposal involves the acquisition of Public Shareholders' shares by the promoter group members, aiming to reduce ongoing compliance costs and provide liquidity to shareholders.The Delisting Offer is being conducted by Motilal Oswal Investment Advisors Limited as the Manager to the Delisting Offer. The Acquirers include I G E (India) Private Limited and Zenox Technology Services Private Limited, along with persons acting in...

Lohia Corp IPO Hits 74% Subscription: GMP Signals Potential Listing Rally in Technical Textiles Space The Initial Public Offering (IPO) of Lohia Corp, a key manufacturer in the technical textiles industry, witnessed a solid response on its final bidding day. The issue received over 70 percent subscription by 11 am on July 27, as reported by the National Stock Exchange (NSE). This subscription reflects interest in the company’s robust operational footprint and market position.The Rs 1,101.28-crore public offering saw a total demand of bids for 1,05,76,230 shares against the available offer of 1,43,52,274 shares, resulting in a final subscription rate of 74 percent. Retail investors (RIIs) demonstrated the highest enthusiasm, achieving...

Manipal Health Faces Minority Shareholder Backlash Ahead of Crucial IPO Submission A protracted dispute involving minority shareholders of its Kolkata-based subsidiary, Manipal Hospitals Synergie Private Limited (MHSPL), has surfaced ahead of Manipal Health Enterprises' IPO filing. The US-based investors have leveled multiple serious allegations against the company concerning promised returns, share dilution, and governance failures.Manipal Health Enterprises (MHEL) has vehemently denied all claims, asserting that its Draft Red Herring Prospectus (DRHP) provides complete and accurate disclosures regarding the entire matter. The dispute involves five US investors who collectively hold 9,57,706 equity shares in MHSPL.Core Allegations...

Indraprastha Medical Corporation to Hold Board Meeting to Approve Q2 Financial Results Indraprastha Medical Corporation Limited (Apollo Hospitals) announced that its Board of Directors will convene a meeting to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The meeting is scheduled for Thursday, August 6, 2026.The board meeting aims to review and ratify the performance metrics and financial outcomes for the period ending June 30, as detailed in the unaudited results. This event marks the formal consideration of the company's operational results for that specific quarter.INDRAMEDCO Stock Price Movement Shares of Indraprastha Medical Corporation Limited are edging higher to ₹366.4 as of 1:49...

Sumitomo Chemical India Reports Unaudited Results for Quarter Ended June 30, 2026; Revenue Stands at ₹10,540.75 Million Sumitomo Chemical India Limited has released its unaudited financial results for the quarter ending June 30, 2026. The results include both standalone and consolidated figures, detailing operations across the agro-chemicals segment.The Company's business is noted to be seasonal in nature, with performance depending on monsoon and other climatic conditions. As part of the reporting details, management provided insight into "Exceptional Items" related to prior incidents and regulatory changes within the industry.Standalone Financial Performance (Q Ended June 30, 2026) The unaudited standalone financial results for...

Ninad D. Gupte Resigns from Board of Directors at Sumitomo Chemical India Limited Sumitomo Chemical India Limited has announced the resignation of Mr. Ninad D. Gupte, a Non-Executive, Non-Independent Director, effective August 31, 2026.Mr. Gupte tendered his resignation from the position of Non-Executive, Non-Independent Director at Sumitomo Chemical India Limited. The company received his resignation letter, noting that he decided to step down for personal reasons and confirmed that there were no other material factors contributing to his departure.The details regarding Mr. Gupte's directorship include the following:DetailInformationDirector NameMr. Ninad D. GupteDIN00027523Reason for ChangeResignation from...

Amj Land Holdings Announces Key Dates for 61st AGM and Final DividendAmj Land Holdings Limited has announced the schedule of important events related to its 61st Annual General Meeting, along with details concerning the entitlement and payment of a potential final dividend. Shareholders are informed regarding the record date, book closure period, and subsequent dividend disbursement timeline.The Company's 61st Annual General Meeting (AGM) is scheduled for Wednesday, September 02, 2026, at 11:30 a.m. (IST). The AGM will be held through Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.The...

Hirect Secures ₹60 Crore Development Order for Vande Metro Trainset from RCF Hirect Limited has secured its first development order for the Vande Metro (Namo Bharat) trainset from Rail Coach Factory (RCF), marking a significant expansion of its presence into advanced railway technologies. This milestone positions the company as a key contributor to next-generation rolling stock applications for Indian Railways.The contract, valued at approximately ₹60 crores, involves providing comprehensive solutions for the Vande Metro, which is defined as a self propelled fully airconditioned 16 coach trainset operating on intercity routes with operational speeds up to 130 kmph. The scope of work includes the Design, Development, Manufacture...

Coal India Limited Announces 52nd Annual General Meeting Details, Dividend Tax Rules for F.Y. 2025-26 Coal India Limited has announced details regarding its upcoming 52nd Annual General Meeting (AGM), outlining the process for the meeting, dividend payment procedures, and requirements for shareholders seeking tax benefits related to the final dividend for Fiscal Year (F.Y.) 2025-26.The AGM is scheduled to be held through Video Conferencing/Other Audio-Visual Means (VC/OAVM) on Monday, August 31, 2026, at 11:00 A.M. Shareholders are provided with the opportunity to attend and transact business via VC.Dividend Recommendation and Payment Structure The Board of Directors recommended a dividend per equity share under the Income Tax Act...

Power Finance Corporation Subsidiary Incorporates SPV for 765kV Kushtagi Transmission ProjectPower Finance Corporation Limited's subsidiary has incorporated a Special Purpose Vehicle (SPV) to manage the transmission system requirements for a major project in Karnataka. The new entity is named Kushtagi Transmission Limited, and it will handle the development of the transmission system designated for 765kV Kushtagi 111 Koppal District.The SPV has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which itself operates as a wholly owned subsidiary of Power Finance Corporation Limited (PFC). This incorporation is part of the preparation required for an Independent Transmission Project (ITP) selection...

Shankara Building Products Limited Changes Corporate Identification Number Following Memorandum Alteration Shankara Building Products Limited has updated its corporate identifiers following the successful alteration of the Object Clause in its Memorandum of Association. The change was formalized after shareholder approval and subsequent registration by the Registrar of Companies, Karnataka, leading to the Ministry of Corporate Affairs allotting a new Corporate Identification Number (CIN) for the company.The decision to alter the Object Clause was approved by the shareholders during an Annual General Meeting held on June 18, 2026. This alteration was subsequently recorded and approved by the Registrar of Companies, Karnataka...

Emerald Tyre Manufacturers Reports FY26 Financial Results, Highlights Operational Strength in Off-Highway Market Emerald Tyre Manufacturers Limited has released its financial performance update for the fiscal year 2026, underscoring its strengthened position as a leading off-highway tyre manufacturer. The company noted continuous improvement across technology, manufacturing excellence, and product innovation to capitalize on global industry shifts.The Indian market for OTR (Off-the-Road) tyres is projected to reach $18.18 Billion by 2025, driven by rising investments in infrastructure and construction projects globally. Emerald Tyre operates a modern integrated manufacturing facility with an installed production capacity of 10,560 MT...

Nesco Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Nesco Limited today announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The company released both standalone and consolidated statements, which detail the performance across various business segments.The Board of Directors reviewed and approved the unaudited (Standalone & Consolidated) Financial Results for the Quarter ended June 30, 2026. The results highlight the financial trajectory of Nesco Limited, with income figures reaching 255.40 crore in the consolidated segment during the quarter.Standalone Segment Performance For the quarter ending June 30, 2026, the standalone operations reported a Total Income...

Fairchem Organics Limited Releases Unaudited Financial Results for Quarter Ended June 30, 2026 Fairchem Organics Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company, which operates in the specialty chemicals sector, approved these results at a meeting of its Board of Directors held on July 27, 2026.The Unaudited Financial Results have been reviewed by the Audit Committee and subsequently approved by the Board. These statements were prepared in accordance with Indian Accounting Standard (Ind AS). The company is engaged in manufacturing specialty chemicals, specifically Oleo Chemicals and Intermediate Nutraceuticals.Key financial metrics for Fairchem Organics Limited across various...