Markets

JK Lakshmi Cement Responds to SES Proxy Report Over Remuneration ConcernsJK Lakshmi Cement Ltd has issued a detailed clarification addressing concerns raised by Stakeholders Empowerment Services (SES) regarding corporate governance and remuneration practices, specifically in response to an adverse voting recommendation on a key AGM item. The company requested that SES review its findings and issue an addendum changing its rating from AGAINST to FOR.The dispute centers on the remuneration structure for directors, including Promoter EDs and the proposed compensation for Smt. Vinita Singhania. SES had previously recommended AGAINST voting on Item 5 of the AGM Notice, citing issues such as a remuneration practice skewed toward Promoter...

Iykot Hitech Toolroom Ltd Announces Major Governance Changes, Capital Increase, and Operational Shifts Iykot Hitech Toolroom Ltd reported significant strategic and governance developments following a Board meeting held on July 24, 2026. The company approved key personnel appointments, an increase in authorized share capital, and the alteration of its corporate objects as part of its expansion into the bullion and precious metals sector.Key Personnel Appointments and Changes The board decisions included several changes to senior management and directorship:Director Designation: Ms. Vaishali Sharad Lad was approved for a change in designation from Additional Director (NonExecutive) to Additional Director (Whole-Time Director)...

Mangalam Worldwide Reports Q1 FY27 Results; Profit After Tax Jumps 18.71% YoY Mangalam Worldwide Limited (MWL), a leading fully integrated stainless steel manufacturer, has announced its financial results for the quarter ended June 30, 2026. The company reported strong consolidated growth in Q1 FY27, driven by increased revenue and operational efficiency across domestic and international markets.Consolidated Total Income stood at ₹316.85 crore, reflecting a 13.40% year-on-year (YoY) increase compared to the ₹279.41 crore reported in Q1 FY26. Furthermore, MWL recorded a Profit After Tax (PAT) of ₹12.02 crore, marking an 18.71% YoY rise from ₹10.13 crore in the previous fiscal year's first quarter.Adjusted EBITDA for the period was...

KCK Industries Postpones Demerger Scheme of Arrangement Following Internal Review Decision Kck Industries Limited has decided to postpone the implementation and filing of its proposed Scheme of Arrangement for a demerger involving itself and KCK Infratech Private Limited. The decision was made after the company’s Board of Directors considered the restructuring and determined the need for a comprehensive internal review.The Company had previously approved the draft Scheme of Arrangement between Kck Industries Limited and KCK Infratech Private Limited, subject to obtaining necessary statutory, regulatory, and other approvals, as reported by the Board meeting held on July 3, 2026.Kck Industries Limited stated that the postponement is...

Aarti Drugs Ltd to Hold Board Meeting on July 31, 2026, to Approve Quarterly Financial Results Aarti Drugs Ltd has scheduled its next Board Meeting of Directors for Friday, July 31, 2026. The meeting is set to consider, approve and take on record the Audited Financial Results for the Quarter ended June 30, 2026.The company confirmed that following the intimation date of June 26, 2026, the trading window for Aarti Drugs Ltd will remain closed until the expiry of 48 hours after the declaration of the aforementioned financial results.Aarti Drugs Ltd is a manufacturer of Bulk Drugs and Chemicals. The Board Meeting on July 31, 2026, focuses on finalizing the company's performance metrics for the quarter ending June 30, 2026.AARTIDRUGS...

Arabian Petroleum Limited Appoints EquiBridgeX Advisors as Investor and Public Relations Agency Arabian Petroleum Limited has appointed EquiBridgeX Advisors Private Limited to serve as its dedicated Investor and Public Relations Agency. The appointment, effective from July 24, 2026, aims to provide specialized advisory services related to investor relations and public relations for the company.EquiBridgeX Advisors Private Limited will take on the role of providing these advisory services to Arabian Petroleum Limited. This strategic move ensures that the company has a specialized agency dedicated to managing its corporate communication and relationship with investors and the wider public.ARABIAN Stock Price Movement Shares of Arabian...

Crisil Ratings assigns A+/Stable rating for total bank loan facilities of Acme Solar Holdings' subsidiaries Acme Solar Holdings Limited saw its subsidiaries receive favorable credit assessments from Crisil Ratings regarding their total bank loan facilities. Crisil assigned a Long Term Rating of A+/Stable to both ACME Eco Clean Energy Private Limited and ACME Pokhran Solar Private Limited, according to the ratings information.The ratings cover key aspects of the subsidiaries' financial stability as assessed by the rating agency.ACME Eco Clean Energy Private Limited The rating for ACME Eco Clean Energy Private Limited pertains to its total bank loan facilities, which were rated at Rs.657.08 Crore. Crisil Ratings assigned a Long Term...

The New India Assurance Reports Q4 FY27 Unaudited Results; Motor Line and Property Exposure Impact Performance The New India Assurance Company Ltd has released its unaudited financial results for the quarter ended June 30, 2026. The results reflect a challenging period for the insurance industry, with management citing intense pressure in the motor segment and adverse effects from property risks across the general insurance book.The consolidated figures show that the company registered an operating loss of L 78,970 Lakhs. During the quarter, Gross Premiums Written stood at 13,83,513 Lakhs, while Net Premium written was reported at 71,29.787 Lakhs. Total income for the period reached 11,30,012 Lakhs.The consolidated results highlight...

Kross Limited Announces Resignation of Head (Accounts and Finance) Kross Limited has announced that Mr Dhirendra Jana, currently serving as the Head (Accounts and Finance), will be resigning from his position. The company informed stakeholders that the resignation is effective from the close of business hours on July 31, 2026.The Board of Directors at its meeting held on July 24, 2026, noted and accepted the resignation tendered by Mr Jana.Mr Dhirendra Jana has stepped down from his role as Senior Managerial Personnel (SMP) to pursue an alternative career opportunity. The company stated that there are no material reasons other than pursuing this new opportunity for his departure.Key details regarding the change in senior...

Bharti Airtel Completes Conversion of Equity Shares Upon Receipt of First and Final Call Payments Bharti Airtel Limited has approved the conversion of partly paid-up equity shares into fully paid-up equity shares following the receipt of payments related to its First and Final Call notice. The move was sanctioned by a Special Committee of Directors for Rights Issue, a duly authorized committee of the Board of Directors.The company received an aggregate amount of INR 190.32 million against valid applications for the First and Final Call. This payment covered 460,833 partly paid-up equity shares from eligible shareholders. In response to this receipt, the Board approved converting these 460,833 shares—which had a face value of INR 5...

REC Declares Interim Dividend of 4.25 Per Share as Profit Rises 23% in Q1 FY27 Delhi, July 24, 2026: The Board of Directors of REC Limited has approved its standalone and consolidated financial results for the quarter ended June 30, 2026, alongside declaring a First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).The Company reported robust earnings performance, with Net Profit reaching ₹4,149 crore in the first quarter of FY27, marking a substantial increase of 23% compared to the previous quarter's net profit of ₹3,362 crore. Net interest income stood at ₹5,212 crore, up from ₹4,961 crore.Despite operating within a dynamic environment, REC maintained a healthy Net Interest Margin (NIM) of 3.34%. This performance...

Mohini Health & Hygiene Approves Capital Increase, Debt Structures Up To 300 Crore Mohini Health & Hygiene Limited (MHHL) announced several significant outcomes from its Board of Directors meeting held on July 24, 2026. The Board approved substantial increases in financial capacities, including borrowing limits and investment ceilings, while also approving material related party transactions and key changes in the company’s management structure.The company enhanced multiple operational limits under the Companies Act, subject to subsequent shareholder approval at an Extraordinary General Meeting (EGM). These approvals included increasing the limit for borrowings up to Rs. 3,00,00,00,000/- (Rupees Three Hundred Crore Only). Furthermore...

Ad-Manum Finance Ltd Reports Q2 Results: Total Income Stands at 477.63 Lakhs Ad-Manum Finance Limited released its Unaudited Financial Results for the quarter ended June 30, 2026, showing a consolidated total income of 477.63 lakh Rs. The results were reviewed by the Audit Committee and subsequently adopted by the Board of Directors on July 24, 2026, following a limited review by the company's Statutory Auditors.The company, which operates in the finance and windmill segment, recorded Total Revenue from operations at 462.84 lakh Rs. for the quarter. Total Income (PIT) stood at 477.63 lakh Rs., against which total expenses were recorded at 97.96 lakh Rs. This resulted in a Profit before tax of 424.70 lakh Rs.For the period, Ad-Manum...

TANFAC Industries Announces Quarterly Financial Results, Sets AGM Date, Appoints New Statutory Auditor TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved key corporate decisions, including the date of the upcoming Annual General Meeting (AGM) and the appointment of a new Statutory Auditor.The company provided comprehensive data regarding its performance alongside updates on capital structure changes and major project developments during the recent period.Financial Highlights for Q1 FY2026 The Board approved the Un-audited Financial Results for the quarter ended June 30, 2026...

Enbee Trade & Finance Ltd Appoints New CFO and Re-appoints Internal Auditor Enbee Trade & Finance Ltd announced key appointments following its Board of Directors meeting held on July 24, 2026. The company approved the appointment of Mr. Nishith Kartik Pandit as Chief Financial Officer (CFO) and re-appointed M/s Spire Risk Advisors LLP as the Internal Auditor for a multi-year term.The Board officially appointed Mr. Nishith Kartik Pandit as the Company's CFO, effective July 24, 2026. Mr. Pandit holds an MBA degree in Finance and brings 20 years of experience to the role. His professional background includes spending ten years with ING Vysya Bank and Kotak Mahindra Bank in core banking roles. He subsequently spent another decade focusing...

Sammaan Capital Limited Completes Monthly Interest Payments on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited confirmed that it has made timely interest payments concerning its Secured Redeemable Non-Convertible Debentures (NCDs). The payments, which pertain to debentures issued through a Public Issue and listed on the Stock Exchanges, were settled in full.The company’s financial obligations regarding these NCDs have been maintained consistently across various issue series. The details of the interest payments for each security are presented below:Sr. No.ISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)FrequencyDue DateActual Payment Date1INE148I07VQ1100.07299Monthly27/07/202624/07/2026...

Quess Corp Limited Recommends Final Dividend of Rs 3 Per Share; Details on TDS Requirements Announced Quess Corp Limited announced the recommendation of a final dividend for the Financial Year ending March 31, 2026. The Board of Directors meeting held on May 04, 2026, recommended a final dividend of Rs 3/- per equity share, calculated at a rate of 30% of the face value of Rs 10/each.The record date for determining shareholder entitlement for this final dividend has been set as Friday, August 07, 2026. The company noted that upon approval by shareholders at the forthcoming 19th Annual General Meeting (AGM), the dividend will be paid within 30 days from the declaration date.Tax Deduction at Source (TDS) Guidelines As dividends are...

Piramal Pharma Temporarily Suspends Operations at Gujarat Facility Due to Severe Flooding Piramal Pharma Ltd has temporarily suspended operations at its manufacturing facilities located in Ahmedabad, Gujarat, following reports of exceptionally heavy rainfall and consequent flooding across parts of the state. The suspension was initiated as a precautionary measure for the complex situated at Plot Nos. 18 and 19 within the PHARMEZ Pharmaceutical Special Economic Zone.The company confirmed that all employees, including contract staff, at the affected manufacturing sites are safe. Operations at the facilities in Matoda have been temporarily halted due to waterlogging caused by the heavy rainfall in Gujarat.Piramal Pharma has taken...

RBI Authorizes AvenuesAI Limited to Operate Prepaid Payment Systems AvenuesAI Limited, operating as GoWallet, has received official authorization from the Reserve Bank of India (RBI). This approval permits the company to set up and operate a payment system dedicated to the Issuance and Operation of Prepaid Payment Instruments under the Payment and Settlement Systems Act, 2007.The authorization granted by the RBI solidifies AvenuesAI’s capability within the financial technology sector, allowing the company to issue and run Prepaid Payment Instruments across India. This strategic approval significantly impacts the entity, enabling it to expand its operational scope in the domestic market.The details of this regulatory achievement...

Sakar Healthcare Posts 38% Revenue Growth in Q1 FY27; Profit After Tax Rises 120%, Driven by Oncology Focus Ahmedabad, July 24, 2026: Sakar Healthcare Ltd., a manufacturer of oncology orals and injections with EU GMP approval, announced its unaudited financial results for the first quarter of the fiscal year (Q1 FY27) ending June 30, 2026. The company reported significant gains in revenue and profitability, underpinned by strategic growth across its oncology platform and global market engagements.Consolidated Financial Performance Sakar Healthcare demonstrated robust performance in Q1 FY27. Revenue from operations grew by 38% year-over-year (YoY), while Profit After Tax saw a sharp increase of 120%. The company's EBITDA margin stood...