Markets

Jamna Auto Industries Proposes Acquisition of Owen Springs Limited to Secure UK Market Foothold Jamna Auto Industries Limited (JAI) has announced the proposal to acquire Owen Springs Limited, a long-established company in the UK's leaf spring aftermarket sector. This acquisition aims to provide JAI with a strategic platform for market expansion and sustained revenue growth within Europe.The proposed deal involves the purchase of Owen Springs Limited, which is based in Rotherham and has been operating since 2004. The transaction includes purchasing the company along with its assets and network.Strategic Value of Acquisition For Jamna Auto Industries, this acquisition represents a significant strategic move, marking JAI's first-ever...

Welspun Corp Records Highest-Ever Quarterly EBITDA Amid Strong Order Book Visibility in Q1FY27 Welspun Corp Ltd (WCL), a flagship company of Welspun World, announced its consolidated financial results for the quarter ending June 30, 2026. The company reported stellar Q1FY27 performance, marked by a significant rise in EBITDA and a healthy balance sheet.The results showed WCL achieving an EBITDA of ₹756 crore, which marks a 35% year-on-year (YoY) increase. Profit After Tax (PAT) saw a near threefold jump YoY, reaching ₹1,046 crore. Furthermore, PAT without exceptional items grew 42% YoY to stand at ₹499 crore.Operational strength was evident as ROCE improved to 23.1%. The net cash position also strengthened to ₹2,336 crore after...

Dee Development Engineers Ltd Receives Listing Approval for 59,76,096 Equity Shares Issued on Preferential Basis Dee Development Engineers Limited has secured listing approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding a significant tranche of equity shares allotted on a preferential basis. The approvals were granted by the exchanges following the issuance of 59,76,096 equity shares, which were allotted on July 8, 2026.The allotment included both Promoter and Non-promoters, with the shares being issued at a premium. The listing approval letters from BSE Limited and National Stock Exchange of India Limited were received by the company in July 2026.The details pertaining to the...

Shree Digvijay Cement Company Reports Q1 FY2026 Results; Revenue Reaches 33,727 Lakhs Shree Digvijay Cement Company Limited has announced its unaudited financial results for the first quarter of the fiscal year 2026 (Q1 FY2026) ended June 30, 2026. The company reported strong operational and financial performance during the quarter.The results, which were reviewed by the Audit Committee and approved by the Board of Directors, reflect the challenges presented by geopolitical uncertainties that disrupted global supply chains and increased input and logistics costs. Despite these external factors, management noted the Company's execution in maintaining operational stability and expanding its market presence.Financial Highlights...

Astonea Labs Approves Financial Results for FY2025-26, Considers Strategic Expansion and Director Reappointment Astonea Labs Limited (Company) announced significant corporate approvals following its Board of Directors meeting held on July 24, 2026. The Board approved the Audited Consolidated Financial Results and Annual Report for the financial year ended March 31, 2026, alongside several strategic decisions related to business expansion, governance structure, and future operational planning.The Board thoroughly reviewed and adopted the Draft Board's Report and the Annual Report for the fiscal year ending March 31, 2026, which included the Audited Financial Statements, Statutory Auditors' Report, and various statements and...

Bajrang Lal Bajaj Appointed as Non-Executive Independent Director of Responsive Industries Ltd. Responsive Industries Ltd has appointed Mr. Bajrang Lal Bajaj as a Non-Executive Independent Director of the company. The appointment was approved by the Board of Directors, following the recommendation of the Nomination and Remuneration Committee.The decision, effective from July 24, 2026, positions Mr. Bajaj to serve as an Additional Non-Executive Independent Director for a period of five years. His appointment is subject to the approval of the company's shareholders.The company stated that the appointment comes after consideration of several factors, and Mr. Bajaj brings substantial experience to the role. He has over 35 years of...

Crimson Metal Engineering Appoints Sanjay Kumar Sharma as Additional and Whole Time Director Crimson Metal Engineering Company Ltd., a manufacturer and exporter of E.R.W. steel tubes and pipes (black & galvanised), announced significant changes in its Board composition following a meeting held on July 24, 2026. The board considered and approved the appointment of Mr. Sanjay Kumar Sharma.The company confirmed that Mr. Sanjay Kumar Sharma has been appointed as an Additional Director until the conclusion of the ensuing Annual General Meeting. His appointment comes with extensive professional experience in the industry.Additionally, the Board recommended the appointment of Mr. Sanjay Kumar Sharma as a Whole Time director for a period of...

Poona Dal & Oil Industries Ltd Announces 34th Annual General Meeting and Book Closure Dates Poona Dal and Oil Industries Limited has announced the schedule for its upcoming 34th Annual General Meeting (AGM) and provided details regarding the closure period for its register of members and share transfer books.The company's 34th Annual General Meeting is scheduled to take place on Friday, August 14, 2026. The meeting will be held at the Registered Office of the Company, located in Pune, starting at 11:30 a.m.In advance of the AGM, the management has informed that the Register of Members and Share Transfer Books of Poona Dal & Oil Industries Limited will remain closed for shareholders. The book closure period is set from Friday, August...

Cambridge Technology Enterprises Ltd. reports resignation of Non-Executive and Non-Independent Director Stefan Hetges Cambridge Technology Enterprises Ltd. has announced that Mr. Stefan Hetges has resigned from his position as a Non-Executive and Non-Independent Director of the company.The company confirmed that Mr. Hetges’s resignation, which is effective from the close of business hours on July 24, 2026, was due to preoccupation.Mr. Hetges served as a Non-Executive and Non-Independent Director at Cambridge Technology Enterprises Ltd. The appointment details provided confirm his cessation in this role.CTE Stock Price Movement Today, shares of Cambridge Technology Enterprises Limited edged higher to close at ₹31.50 after gaining...

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...