Markets

Avenue Supermarts Penalized by Two Authorities Over Construction Non-Compliance Avenue Supermarts Limited has received penalties from two regulatory bodies regarding non-compliance related to construction activities at project sites of the company. The authorities levied the fines on July 24, 2026.The penalties were imposed due to non-compliance in connection with construction work carried out at two distinct project locations. These violations led to financial impacts totaling Rs. 62.14 lakhs across both regulatory actions.Avenue Supermarts faced action from the New Okhla Industrial Development Authority (NOIDA) and the Pune Metropolitan Region Development Authority (PMRDA). The details of the penalties, the authorities involved...

Paisalo Digital Ltd Announces Resignation of Vice President LegalPaisalo Digital Ltd has announced the resignation of Mr. Mithun Kumar Singh Rathore from his position as Vice President - Legal. The company stated that the decision was based on personal reasons.The resignation is set to be effective from the close of business hours on July 31, 2026. Paisalo Digital Ltd confirmed that Mr. Rathore’s departure will not impact the company's legal functions or overall operations.Details regarding the change in senior management personnel have been provided. The following information outlines the details pertaining to the cessation:AspectDetailsPosition Resigned FromVice President - LegalReason for ChangeResignation due to...

Transworld Shipping Lines Announces 38th Annual General Meeting, Releases FY2025-26 Annual Report Transworld Shipping Lines Limited, formerly known as Shreyas Shipping and Logistics Limited, has announced the details of its upcoming 38th Annual General Meeting (AGM). The meeting is scheduled for Wednesday, August 19, 2026.The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM), with members invited to attend at 11:00 a.m. IST.In connection with the Annual General Meeting, Transworld Shipping Lines Limited has made available the Annual Report for the Financial Year 2025-26. The complete details of the report are accessible on the company's website.Members can find the necessary information and...

Deepak Builders & Engineers India Limited Approves Appointment of New Independent DirectorDeepak Builders & Engineers India Limited announced the approval and consideration regarding the appointment of Mr. Baldev Krishan Bassi as an independent director. This decision was made during the company's Board meeting, which took place on Friday, July 24, 2026.The Board considered and approved the appointment of Mr. Baldev Krishan Bassi to serve in the capacity of Independent Director, subject to approval by shareholders through a Postal Ballot Notice. The accompanying Postal Ballot Notice seeks shareholder approval for this appointment.The meeting commenced at 4:30 P.M. and concluded at 5:00 P.M. on July 24, 2026.Director Profile...

Mangalam Worldwide Limited reports Q1 FY27 results, showing 31,685.45 units of Total Income (Standalone) Mangalam Worldwide Limited has announced its Unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026. The Board of Directors approved these financial results, along with a Limited Review Report, following the meeting held on July 24, 2026.The company is involved in manufacturing Stainless Steel (SS) billets, ingots, forged round bars, and seamless pipes and tubes, as well as trading steel scrap and ferro alloys, operating through a fully integrated infrastructure.Standalone Financial Performance For the quarter ended June 30, 2026, Mangalam Worldwide Limited recorded a Total Income of 31,685.45...

Speciality Restaurants Recommends Dividend and Outlines Tax Deduction Requirements on Payout Speciality Restaurants Limited has announced the recommendation of a dividend for its shareholders, outlining detailed tax deduction (TDS) rates and requirements in line with the provisions of the Income-tax Act, 2025.The Board of Directors of Speciality Restaurants Limited recommended a dividend of Rs. 1.00 per Equity Share of Rs. 10 each for the financial year ended March 31, 2026. The payment of this dividend remains subject to shareholder approval at the ensuing Annual General Meeting (AGM).The company communicated that dividends paid or distributed are taxable in the hands of the shareholders under the Income-tax Act, 2025, as amended...

Ramkrishna Forgings Reports Full Utilization of Funds Raised Through Preferential Equity IssueRamkrishna Forgings Limited has provided a statement regarding the utilization of funds raised through a preferential issue for the quarter ending June 30, 2026. The company confirmed that there was no deviation or variation in the use of the proceeds totaling Rs. 52.76 Crores.The fund-raising activity involved the allotment of 3,35,000 Equity Shares to Riddhi Portfolio Private Limited and Promoter, upon the conversion of 3,35,000 warrants. These shares were issued at a rate of Rs. 1,575/- per Warrant, which represents 75% of the Warrant Issue price. The funds were raised on June 9, 2026.A detailed overview of the fund raising and...

Ludlow Jute & Specialities Acquires 100% Stake in SEVA BY TARA FOUNDATION Ludlow Jute & Specialities Ltd has completed the acquisition of 100% equity shares in SEVA BY TARA FOUNDATION, a company incorporated as a Section 8 entity. The move establishes Ludlow Jute as the wholly owned subsidiary, bringing social work activities under its operational umbrella.SEVA BY TARA FOUNDATION is classified as a Section 8 Company and operates within the non-profit sector, focusing on veterinary activities, educational support services, and other social work activities without accommodation n.e.c. The incorporation of this social enterprise has been approved by the Ministry of Corporate Affairs.The acquisition involved a cash consideration for the...

Fabtech Technologies Achieves Profit Turnaround in Q1 FY27 Amidst Revenue Growth Fabtech Technologies Limited has reported its unaudited consolidated financial results for the first quarter of fiscal year 2026-27 (Q1 FY27), marking a significant profitability turnaround. The company recorded a consolidated Net Profit (PAT) of ₹ 4.21 crores, reversing a net loss of ₹ 6.13 crores reported in Q1 FY26.The Company demonstrated resilient revenue growth, achieving a consolidated turnover of ₹ 74.98 crores for Q1 FY27, compared to ₹ 68.01 crores in the corresponding quarter of the previous fiscal year. Operational performance showed marked improvement across key indicators. Consolidated EBITDA stood at ₹ 7.41 crores, translating into a 9.5%...

Hindustan Construction Company Announces 100th Annual General Meeting and Releases FY25-26 Annual Report Hindustan Construction Company Limited has announced the details for its 100th Annual General Meeting (AGM) and made available the Annual Report for the Financial Year 2025-26. The meeting is scheduled to be held virtually, providing an opportunity for members to review the company's performance and participate in related voting processes.The AGM of Hindustan Construction Company Ltd is slated for Tuesday, August 1, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM).Stakeholders can access the Notice of the AGM and the Annual Report for Financial Year 2025-26...

Allcargo Global removes ECU Worldwide New Zealand Limited from Companies Register Allcargo Global Limited has confirmed that ECU Worldwide New Zealand Limited, a wholly owned overseas subsidiary of the company, was removed from the Companies Register in New Zealand effective July 23, 2026. Consequently, the entity ceased to be a step down wholly owned overseas subsidiary of Allcargo Global.The report noted that ECU Worldwide NZ operated as an inactive entity, and its business operations have been transitioned to an agency arrangement.Key financial details for ECU Worldwide New Zealand Limited, as of December 31, 2025, are presented below:Financial MetricDetailRevenue from Operations (in Euro)3,529Percentage of Revenue0.00%...

Shri Hare-Krishna Sponge Iron Limited Commences Operations of Induction Furnace and Steel Shots Manufacturing Facilities Shri Hare-Krishna Sponge Iron Limited has begun operations at its manufacturing unit, announcing the commencement of its induction furnace and steel shots manufacturing facilities.The company initiated these new operations at its facility located in Siltara, Raipur, Chhattisgarh. The production site is situated at Plot No. 106, Industrial Growth Centre, Phase-II, where Shri Hare-Krishna Sponge Iron Limited operates alongside its sponge iron, M.S ingot, steel shots, and grits manufacturing activities.The operational commencement marks a development for the company in the sphere of ferrous materials production...

Five Senior Citizen Homes Inaugurated Across India; Govt Pledges Inter-generational Support via New Schemes The government has significantly bolstered its commitment to the dignity and well-being of senior citizens through comprehensive initiatives under the Atal Vayo Abhyuday Yojana (AVYAY). These nationwide programs were organized by the Department in commemoration of International Day of Older Persons (IDOP) 2025. The efforts underscore a sustained push toward creating an age-friendly society, ensuring that older citizens can participate actively in community life.Expanding Institutional Care and Partnerships A key component of this commitment is the infrastructure expansion and collaborative strengthening of welfare initiatives...

Thyrocare Technologies Releases Unaudited Quarterly Results for June 30, 2026; Profit Rises Thyrocare Technologies Limited has released its Unaudited Financial Results for the quarter ended June 30, 2026. The company presented both standalone and consolidated results, which were reviewed by external auditors and approved by the Board of Directors on July 23, 2026.The unaudited financial results provide insights into the operational performance across various segments and present a strong top-line showing for the quarter.Standalone Financial Performance For the standalone segment, Thyrocare recorded Total Revenue of 229.17 Rs. Crores for the quarter ended June 30, 2026. This was compared to 214.39 Rs. Crores in the preceding quarter...

Cedaar Textile Limited Appoints New Additional Director and Designates CEO as Compliance Officer Cedaar Textile Limited has announced key appointments to strengthen its corporate governance structure, naming Mr Surendar Kumar Sood as an Additional Director and designating the company’s Chief Executive Officer as the designated Compliance Officer.The board of directors at a meeting held on July 24, 2026, approved the appointment of Mr Surendar Kumar Sood (DIN: 01091404) as an Additional Director. This role is Non-Executive and Independent, effective from July 24, 2026, for a period of five years, pending approval by members at the ensuing general meeting.In addition to the board expansion, the company designated Mr Jay Prakash Singh...

Fabtech Technologies Releases Quarterly Results and Approves Board Changes Fabtech Technologies Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors also approved the re-appointment of a key independent director and set out the details for the forthcoming Annual General Meeting (AGM).The Board meeting was held on Friday, July 24, 2026.Financial Performance Highlights The results reflect the operations across both the holding company and its subsidiaries.For the consolidated entity, total income stood at 781,501 lakhs, driven by revenue from operations of 749,841 lakhs for the quarter ended June 30, 2026. Total expenses were reported...

Skipper Limited: Tax Appeal Set Aside After Principal Commissioner Rules in Favor of Company Skipper Limited has received a favorable ruling regarding prolonged tax proceedings related to alleged revenue differences. A decision from the Principal Commissioner (Appeals) CGST & CX, Appeal -I, Kolkata, set aside the appeal filed by the Department against the company, as reported on July 16, 2026.The dispute originated when the Office of the Additional Commissioner, CGST and Central Excise, Kolkata South Commissionerate, issued a Show Cause Notice No. 01/GST/KOL-SOUTH/SCN/ADC/25-26 dated April 16, 2025. This notice proposed a tax demand amounting to ₹10,21,17,234 concerning alleged differences in unbilled revenue for the Financial Years...

Acquirers Secure 50.02% Stake in India Cements Capital Ltd via Share Purchase Agreement India Cements Capital Ltd is undergoing a significant corporate transition following the execution of a Share Purchase Agreement (SPA). The SPA, dated July 24, 2026, outlines the acquisition of a substantial shareholding by three individuals from a promoter seller. This transaction positions the Acquirers to gain control over the company upon completion of regulatory requirements.The agreement involves Sri Saradha Logistics Private Limited (SSLPL), the Promoter Seller, selling its stake in India Cements Capital Ltd to Sandeep Jain, Vikas Garg, and Rahul Nagar, collectively known as the Acquirers. The transaction is not classified as a related party...

KFin Technologies Approves Q1 Results; Recognizes Provision Related to Share Transfer Dispute Kfin Technologies Limited has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed the results, which include details on its global subsidiaries and a significant provision related to a share transfer dispute involving a past client.The limited review report for the consolidated financial statements, prepared by B S R and Co, Chartered Accountants, covered the performance of KFin Technologies Limited and its 31 associated entities globally. The report confirmed that the statements were prepared in accordance with Indian Accounting Standard 34...

3M India Suspends Operations at Ahmedabad Plant Due to Heavy Rainfall and Flooding 3M India Limited has temporarily suspended manufacturing operations at its Ahmedabad Plant following heavy rainfall and flooding in the region experienced over the past two days.The company reported that while water levels have started to recede, the full restoration of operations is expected to take several days. 3M India is currently assessing the extent of any damage sustained by the facility's assets. The company confirmed that all assets are adequately insured.Management stated that they do not foresee any material impact on the company's overall operations. This assessment is based on the presence of sufficient manufacturing capacities available...