Markets

CreditAccess Grameen Limited Reports Quarterly Results, Outlines ₹300 Crore Funding Plans Through NCDs CreditAccess Grameen Limited announced the approval of its unaudited financial results for the quarter ending June 30, 2026, and detailed plans to raise capital through the issuance of Non-Convertible Debentures (NCDs). The Board meeting held on July 24, 2026, approved key operational metrics alongside proposals to access funds totaling up to ₹2,000 crore through a public issue and an additional ₹1,000 crore via private placement.The company's financial performance for the quarter reflected steady income generation while maintaining strong regulatory compliance in its single-segment domestic lending operations.Financial Performance...

Almondz Global Securities Approves Preferential Allotment Through Unsecured Loan Conversion Almondz Global Securities Limited has approved the allotment of equity shares on a preferential basis. This strategic move involves converting existing unsecured loans into new equity shares for one of its promoters, decided by the company’s committee during a meeting held on July 24, 2026.The decision follows the review and approval process to facilitate the conversion of outstanding unsecured loans into equity stakes in Almondz Global Securities Limited. The allotment targets Avonmore Capital & Management Services Limited, which is identified as a promoter in this transaction.The details of the preferential allotment are presented below...

Presstonic Engineering Limited Appoints New Company Secretary and Compliance Officer Presstonic Engineering Limited announced outcomes from its Board meeting held on July 24, 2026, detailing key personnel appointments and the authorized managerial team responsible for material events. The board meeting commenced at 4:00 P.M. and concluded by 4:30 P.M.A primary decision taken during the meeting was the appointment of Mr. Nishanth NS as the Company Secretary and Compliance Officer. This appointment involves full-time employment, effective from July 24, 2026.Mr. Nishanth NS holds a Commerce degree from Bangalore University and is a Member of the Institute of Company Secretaries of India, bearing Membership No. A81399.Key Managerial...

Cyient Appoints Andrew Smith as Chief Operating Officer to Boost Global Delivery Excellence Cyient Limited, a global lifecycle engineering company, has elevated Andrew Smith to the position of Chief Operating Officer (COO). This strategic appointment is aimed at driving operational excellence and accelerating growth by focusing on superior customer outcomes. The move underscores Cyient’s commitment to integrating intelligence into its future growth strategy.In his new role as COO, Andrew will be responsible for scaling next-generation delivery models, developing future-ready talent, and enhancing customer experiences through efficient operating models. He will spearhead efforts focused on improving execution agility and achieving...

RBI Launches Massive Treasury Bill Auction: 24,000 Crore Market Opens for Investors on July 29 The Reserve Bank of India (RBI) has announced the upcoming sale of Government of India Treasury Bills across multiple tenures, offering a significant opportunity for domestic and institutional investors. The auction focuses on 91-Day, 182-Day, and 364-Day T-Bills, targeting a total notified amount of ₹24,000 crore.The sale aims to tap into the financial market liquidity while managing government borrowing requirements. These Treasury Bills are crucial instruments for short-term financing and offer varying maturity periods tailored to different investor risk appetites.Key Auction Details and Timelines The auction is scheduled for Wednesday...

REC Declares Interim Dividend of ₹4.25 Per Share; Announces Board Decisions and Financial Outcomes REC Limited, a Government of India Enterprise, has announced several key outcomes following its Board Meeting held on July 24, 2026. The company declared its first interim dividend for the financial year 2026-27 and finalized the record date for various shareholder matters. Additionally, REC made strategic appointments concerning its corporate governance structure.The Board of Directors reviewed and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. These results were subjected to a Limited Review by two independent accounting firms: Kailash Chand Jain & Co and SCV & Co. LLP...

Indo Tech Transformers Limited Expands Portfolio with 400 kV Transformer Capability, Secures Major Order Indo Tech Transformers Limited has marked a significant expansion in its technological capabilities and product portfolio after receiving crucial approval from NTPC Limited. This development enables the company to manufacture transformers in the 400 kV voltage class for Battery Energy Storage System (BESS) projects. Furthermore, the company secured an order for the supply of two 90 MVA 400 kV transformers through a reputed EPC firm.The approval and subsequent order signify a major strategic step for Indo Tech Transformers Limited. The successful qualification allows the company to extend its product lineability beyond the existing...

Omax Autos Reports Quarter Results, Recommends Final Dividend; Reappoints Key Directors Omax Autos Limited announced the outcomes of its Board meeting held on July 24, 2026, which included the review and approval of the unaudited financial statements for the quarter ended June 30, 2026. The Board also recommended a final dividend and confirmed key appointments related to governance and finance.The company disclosed that it has appointed M/s JSN & Co., Cost Accountants, as its Cost Auditors for the financial year 2026-27, following a re-appointment based on the recommendation of the Audit Committee. The Board also approved the re-appointment of Mr. Tavinder Singh as Whole Time Director and the appointment of Mr. Nipun Khurana as...

Flooding Disrupts Operations at Welspun Living Manufacturing Unit in Vapi, GujaratWelspun Living Limited has announced that operations at its manufacturing unit located in Vapi, Gujarat, have been disrupted due to heavy rains and flooding in the region. The disruption of the plant began on July 23, 2026.The company stated it is currently assessing the potential impact of the natural calamity on the facility. In an update regarding the ongoing situation, Welspun Living confirmed that all personnel at the site have been safely rescued. Furthermore, the company assured that all assets and materials associated with the manufacturing unit are adequately insured.Welspun Living is continuously monitoring the operational status in Vapi...

Bank of Baroda Reports Q1 FY27 Results; Net Profit Stands at INR 1,278 Crore Amid Major Settlement Bank of Baroda announced its financial results for the first quarter of fiscal year 2026-27 (Q1 FY27), highlighting sustained business growth across key segments. The bank reported a quarterly net profit of INR 1,278 crore after accounting for a one-off exceptional item related to corporate disputes.The consolidated and standalone results showed steady operational performance in Q1 FY27. Net Interest Income (NII) for the quarter stood at INR 12,524 crore, marking a 9.5% year-on-year increase. Operating Profit reached INR 8,127 crore.Financial Performance and Capital Adequacy For the quarter ended June 30, 2026, the bank's profitability...

TPL Plastech Announces Board Meeting to Approve Q2 Financial Results and Plan AGM TPL Plastech Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 04, 2026. The primary focus of the board meeting will be considering and approving the company's Unaudited Standalone and Consolidated Financial Results for the Quarter ending June 30, 2026, along with the Limited Review Report related to these results.The agenda for the Board meeting includes crucial corporate governance decisions beyond the financial review. Directors will also consider and approve the appointment of a new Independent Director. Furthermore, the board is set to decide the date, time, and venue for the company's Thirty-Third Annual General Meeting...

Ankit Goel Appointed as Additional Director (Non-Executive Independent) at Gravity India Ltd Gravity India Ltd has appointed Mr. Ankit Goel as an Additional Director in the category of Non-Executive Independent Director. The appointment was made following consideration by the Board of Directors.Mr. ANKIT GOEL holds the position of Additional Director (Non-Executive Independent). This appointment became effective on July 24, 2026.According to disclosures regarding the change, Mr. Ankit Goel is a finance professional with significant experience across various sectors including logistics and services. His expertise covers financial operations, accounting, and compliance. He possesses exposure to areas such as financial controls...

Ratnaveer Precision Engineering Limited Announces Q1 FY26 Results; Net Profit Reaches 182.37 Ratnaveer Precision Engineering Limited today announced the approval of its unaudited financial results for the first quarter ended on June 30, 2026. The Board of Directors reviewed and approved the standalone and consolidated results during a meeting held on July 24, 2026.The company's financial performance for the quarter reflected in the standalone results showed significant revenue generation across its operations.Standalone Financial Highlights (Q1 FY26) Key figures from the unaudited standalone results for Ratnaveer Precision Engineering Limited are summarized below:ParticularsAmountRevenue from operations3,146.35Other...

Geetanjali Credit & Capital Ltd Approves Q ended June 30, 2026 Results; Auditor Notes Issues Regarding Loans and Tax Liabilities Geetanjali Credit and Capital Limited has announced the approval of its unaudited financial results for the quarter ending June 30, 2026, alongside the corresponding Limited Review Report. The Board of Directors transacted this outcome during a meeting held on July 24, 2026.The company's performance metrics across various financial segments were reviewed in the unaudited results released for the quarter ending June 30, 2026. The financial statements include comprehensive data covering revenue, expenses, and overall profit/loss calculations as of that period.Financial Highlights Summary The following table...

South Asian Enterprises Ltd Confirms Demise of Independent Director Prem Narain Parashar South Asian Enterprises Ltd has confirmed the passing of Shri Prem Narain Parashar, a Non-Executive Independent Director, marking his cessation from the company.The loss was reported on Friday, July 24, 2026, and the demise constitutes the end of his tenure as a Non-Executive Independent Director and in all other positions held within South Asian Enterprises Ltd.Shri Prem Narain Parashar (DIN: 09691343) was reported to have passed away. The company confirmed that his cessation occurred on the same date as his passing.Key details regarding the independent director's tenure and demise are provided below:ParticularsDetailsNamePrem Narain...

Muthoot Finance Ltd Schedules Board Meeting to Approve Q1 2026 Unaudited Results Muthoot Finance Limited has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ended June 30, 2026.The meeting is set to be held on Saturday, August 01, 2026. The board is expected to consider and ratify the company's performance and related financials for the specified quarter.MUTHOOTFIN Stock Price Movement Today, shares of Muthoot Finance Limited slipped by 0.91% in post-market trading to settle at ₹2986.7, having shed ₹27.40 from the previous close. The equity saw a total traded volume amounting to 1.06 million shares.

Maxgrow India Appoints Santosh G. Doke as Chief Financial Officer Maxgrow India Ltd has appointed Mr. Santosh G. Doke as the new Chief Financial Officer (CFO) of the company. The appointment was made following a Board meeting held on Friday, July 24, 2026.Mr. Doke's appointment is effective immediately and comes under the purview of the Nomination and Remuneration Committee and the Audit Committee. His tenure as CFO is set to continue up to his resignation or cessation.The board approved the appointment in light of Mr. Doke’s professional background, which includes 14 years of experience in the field of Accounts and Finance across various companies.Details regarding the newly appointed Chief Financial Officer are provided below...

Stark Investments and Others Receive SEBI Cease-and-Desist Order After Mobilizing Over ₹25 Crore Unregistered Securities and Exchange Board of India (SEBI) has issued a strict Ex Parte Interim Order against multiple entities, including Surabhi Chauhan, Zahin Ismail Jessani, Stark Investments, and Starkblue Ventures LLP. The order comes after the SEBI found that these entities engaged in both Unregistered Investment Advisory (UIA) and Unregistered Portfolio Management Services (PMS), exposing investors to significant risk.The interim directive mandates an immediate halt to all dealings in securities for the implicated parties, preventing them from continuing their unauthorized advisory activities across different financial markets. The...

Surge: Nityas Gems and Intellius Recode Secure SEBI Approval, Positioning for Major IPO Launchs The Indian capital markets are set for a flurry of corporate activity as two distinct companies, Nityas Gems and Jewellery and Intellius Recode, have received critical approval from the Securities and Exchange Board of India (SEBI) to proceed with their Initial Public Offerings (IPOs). The regulatory clearance comes after both firms filed their draft red herring prospectuses (DRHPs) in March 2026.The issuance of observations by SEBI on the draft papers has granted both companies permission to launch their fund-raising efforts, with a projected timeline allowing them to go public within the next year. This development signals increasing...

ASK Mutual Fund Prepares Launch of Liquid Fund After Receiving Regulatory Nod ASK Mutual Fund is moving toward launching its inaugural mutual fund scheme, the ASK Liquid Fund. The filing of draft papers with the Securities and Exchange Board of India (SEBI) signals a major step for the alternatives player in the market. This move follows earlier regulatory approval received by ASK Mutual Fund this year, paving the way for new product introductions.Details of the Proposed ASK Liquid Fund The proposed scheme is designed as an open-ended liquid fund. It will focus its investments primarily on debt and money market instruments that have a residual maturity of up to 91 days. The fund aims to generate consistent income by investing in...