Markets

Muthoot Capital Services Limited Announces Board Appointments and New Tax Auditor Muthoot Capital Services Limited has announced significant changes to its management and audit framework following a Board of Directors meeting held on July 16, 2026. The company confirmed the appointment of a new Independent Director, the re-appointment of an existing Independent Director, and the selection of a firm to serve as the Tax Auditor for the upcoming financial year.Leadership Appointments The Board has approved the appointment of Ms. Manimekhalai A as a Non-Executive Independent Director. Ms. Manimekhalai A brings over three decades of experience in India's public sector banking industry. She previously served as the Managing Director and CEO...

IndusInd Bank Appoints M/s. Chokshi & Muzumdar as Joint Statutory Auditors for FY 2026-27 IndusInd Bank has confirmed the re-appointment of M/s. Chokshi & Muzumdar, Chartered Accountants (FRN: 101569W), as the Joint Statutory Auditors of the bank for the financial year 2026-27.The appointment follows a recommendation from the Board of Directors and has received approval from the Reserve Bank of India (RBI). This appointment aligns with the Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks, UCBs, and NBFCs issued by the RBI.The firm will serve as the Joint Statutory Auditors for the upcoming financial year based on the following tenure details:Auditor FirmRoleTenure...

Lemon Tree Hotels Ltd Terminates Agreement for Erode Property Due to Material Breach Lemon Tree Hotels Limited has terminated the License Agreement and associated addendum regarding its property, Lemon Tree Hotel, located in Erode, Tamil Nadu. The termination follows a breach of terms within the Hotel Operating Agreement (HOA) between the property owner and the operator.The agreement dated September 08, 2022, involved the Company, Hotel Le Jardin as the Owner, and M/s. Carnation Hotels Private Limited as the Operator. The property in question consists of 65 rooms. The company issued a termination letter to the Owner on July 16, 2026, citing a material breach of the HOA terms.The termination of these agreements is scheduled to become...

RHI Magnesita India Limited Announces Incorporation of Joint Venture Entity RHI Magnesita India Limited has confirmed the successful incorporation of a new private limited company, RHIM KHEMKA MINPRO PRIVATE LIMITED. The entity was officially incorporated on July 16, 2026, in India.The newly formed company is established as a joint venture and will operate within the refractories industry. Its primary business scope includes bundling industrial minerals and conducting refractory recycling activities.RHI Magnesita India Limited maintains full ownership of the entity at the time of incorporation. The company holds 100% of the shares, with plans for Khemka to subscribe to a 49% shareholding in a subsequent step.The financial details...

State Bank of India Announces Offer Price and Details for SBI Funds Management Limited IPO State Bank of India has announced that the offer price for the Initial Public Offering (IPO) of its subsidiary, SBI Funds Management Limited (SBIFM), has been determined at Rs. 574.00 per Equity Share.The offering includes an employee discount of Rs. 54.00 per Equity Share, which is available to Eligible Employees under the terms and conditions specified in the Red Herring Prospectus (RHP) and its subsequent addendum.Transaction Overview The IPO involves a book-building process for the issuance of equity shares. State Bank of India is proposing to sell 99,501,649 Equity Shares, representing 4.8851% of the paid-up equity share capital of SBIFM...

Diamond Power Infrastructure Limited Secures Rs. 185 Crore Conductor Supply Order from Adani Energy Solutions Diamond Power Infrastructure Limited (DPIL) has announced the receipt of a Contract Confirmation and Letter of Award (LOA) from Adani Energy Solutions Limited (AESL). The order pertains to the supply of AL59 aluminium alloy conductors for two significant transmission projects.The scope of the contract includes the design, engineering, manufacturing, assembly, testing, packing, dispatch, and transportation of conductors on a Delivery at Place (DAP) basis. The order covers 1,050 Km of AL59 Moose Conductor for the Tuticorin Project and 3,770 Km of AL59 Zebra Conductor for the Pune-III Project.Contract Financials and TermsThe...

Avience Biomedicals Limited Announces Audited Financial Results for FY Ended March 31, 2026 Avience Biomedicals Limited has announced its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The company's Board of Directors approved the financial statements during a meeting held on July 16, 2026.The statutory auditors, Haribhakti & Co LLP, issued an unmodified audit opinion on the audited financial statements for the year ended March 31, 2026. The report confirms that the financial results provide a true and fair view of the company's financial position and performance in conformity with applicable accounting standards and principles generally accepted in India.Financial Performance...

Tech Mahindra and Wipro Dominate Earnings Spotlight as Maruti Suzuki Challenges Consumer Order Market participants are closely monitoring a heavy-hitting lineup of corporate results today, headlined by major players like Tech Mahindra and Wipro. The trading floor expects significant volatility as investors digest year-on-year growth metrics across the IT and industrial sectors.High-Impact Earnings Today and Tomorrow A massive cluster of quarterly reports is expected today from marquee names including Reliance Industries, JSW Steel, Tata Technologies, and Havells India. Key financial institutions like Federal Bank and RBL Bank are also reporting figures today to provide a pulse on the banking sector.The spotlight shifts to the...

Wipro Limited Releases Auditor Reports for Quarter Ended June 30, 2026 Wipro Limited has released the auditor reports regarding its financial statements for the three-month period ended June 30, 2026. The reports, issued by Deloitte Haskins & Sells LLP, provide an independent audit of both the Standalone and Consolidated Financial Results of the company.The auditors have stated that the standalone financial results are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. According to the report, the statements provide a true and fair view of the net profit, other comprehensive income, and other financial information for the period...

Muthoot Capital Services Limited Announces Quarterly Results and Board Appointments Muthoot Capital Services Limited has announced its unaudited financial results for the quarter ended June 30, 2026, during a Board of Directors meeting held on July 16, 2026. The company also confirmed several key leadership appointments and a significant portfolio management transaction.Financial Performance Overview The company reported a profit for the quarter ended June 30, 2026. Total revenue from operations stood at Rs 15,552.81 lakhs, driven primarily by interest income of Rs 14,852.49 lakhs. The company managed total expenses of Rs 14,978.39 lakhs during the period.The financial highlights for the quarter are detailed in the table below...

BHEL Reports Significant Turnaround in Q1 FY2027 with Revenue Growth and Margin Expansion Bharat Heavy Electricals Ltd (BHEL) has announced its financial results for the first quarter of FY2026-27, highlighting a significant turnaround in profitability. The company reported a substantial increase in revenue from operations and a shift from negative to positive EBITDA and net profit figures compared to the same period last year.Financial Performance Overview The company’s performance in Q1 FY2027 reflects a period of operational recovery and growth. BHEL achieved a 40% increase in revenue from operations, supported by a disciplined execution strategy focused on project milestones and capacity additions. The results show a clear...

IndiGo to Announce First Quarter Fiscal Year 2027 Financial Results on July 23 InterGlobe Aviation Limited, popularly known as IndiGo, has scheduled its Board of Directors meeting on Thursday, July 23, 2026. The primary agenda for the meeting is to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2026.The company will release these financial results on its official website at approximately 16:00 hours on July 23, 2026. Following the announcement of the financial results, the trading window for dealing in the company's securities will reopen after a period of 48 hours.Earnings Conference Call Details IndiGo will host a 60 minute conference call to discuss...

Atlanta Electricals Ltd to Hold Board Meeting for Q1 FY2026-27 Financial Results Atlanta Electricals Limited has scheduled a meeting of its Board of Directors to review and approve the financial performance of the company for the quarter ended June 30, 2026. The meeting is set to take place on Tuesday, July 21, 2026.The primary agenda for the board meeting includes the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. Additionally, the board will deliberate on other business matters.In alignment with internal codes regarding the prohibition of insider trading, the company has maintained a closure of the trading window for dealing in its securities. This...

Gabriel India Ltd to Hold Board Meeting on July 21, 2026 Gabriel India Limited has scheduled a meeting of its Board of Directors for Tuesday, July 21, 2026, to deliberate on key financial results and potential capital raising activities.The primary agenda for the meeting includes the consideration and approval of the company's un-audited Financial Results for the quarter ending June 30, 2026. This will cover both Standalone and Consolidated statements, accompanied by a Limited Review Report.In addition to reviewing quarterly performance, the Board will consider the issuance of equity shares or other eligible securities, whether convertible or not. The proposed issuance may be executed through various permissible modes, including...

Solara Active Pharma Sciences Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Solara Active Pharma Sciences Limited has scheduled a meeting of its Board of Directors on Thursday, July 23, 2026. The primary objective of this meeting is to consider and approve the unaudited financial results for both Standalone and Consolidated positions for the quarter ended June 30, 2026.The board will also deliberate on other corporate matters during the proceedings scheduled for July 23, 2026.Trading Window Closure for Designated PersonsIn accordance with the company's Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in the securities of Solara Active Pharma Sciences Limited remains closed...

PI Industries Ltd Announces 79th Annual General Meeting and Record Date for Final Dividend PI Industries Limited has scheduled its 79th Annual General Meeting (AGM) to be held on Friday, August 14, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The company has established the criteria for dividend eligibility for the financial year 2025-26. To determine the entitlement of members to receive the final dividend, the company has fixed Friday, August 7, 2026, as the Record Date.The proposed final dividend for the financial year 2025-26 is Rs. 10/- per equity share, subject to declaration at the Annual General Meeting.Event DetailInformationCompany NamePI Industries Limited...

IIFL Finance to Hold Board Meeting on July 22, 2026 IIFL Finance Limited has scheduled a meeting of its Board of Directors for Wednesday, July 22, 2026. The primary objective of this meeting is the consideration and approval of the company's financial performance for the recent period.The Board is expected to review the consolidated and standalone unaudited financial results for the quarter ended June 30, 2026. In addition to the financial results, the meeting will address other business matters with the permission of the Chairperson.As part of standard internal protocols regarding trading by Designated Persons, the company has announced that the trading window will remain closed for these individuals and their immediate relatives...

Ramco Systems to Review Unaudited Financial Results in Upcoming Board Meeting Ramco Systems Limited has scheduled a meeting of its Board of Directors to be held on July 23, 2026, in Chennai. The primary agenda for this board meeting includes the consideration and approval of the company's unaudited financial results for the quarter ended June 30, 2026.The results will cover both standalone and consolidated financial positions for the period ending in June.As a consequence of the upcoming financial review, the trading window for dealing in the company's equity shares remains closed for designated persons and their immediate relatives. This restriction is set to continue until July 25, 2026.RAMCOSYS Stock Price Movement Ramco...

Jindal Photo Limited Board Approves Voluntary Delisting Proposal Jindal Photo Limited has received approval from its Board of Directors to proceed with a voluntary delisting proposal for its equity shares from the National Stock Exchange (NSE) and BSE Limited. The decision follows a comprehensive review of a Due Diligence Report and a Reconciliation of Share Capital Audit Report, both issued on July 16, 2026, by M/s Bhumika & Co.The delisting initiative stems from an announcement made on June 29, 2026, where Concatenate Power Advest Private Limited (Acquirer 1) and Concatenate Advest Advisory Private Limited (Acquirer 2), along with Jindal India Power Limited as a Person Acting in Concert (PAC), expressed their intention to acquire...

Archean Chemical Industries Ltd Attributes Trading Volume Movement to Market Dynamics Archean Chemical Industries Ltd has addressed inquiries regarding significant fluctuations in its trading volume on the stock exchanges. The company confirmed that the recent activity in trading volume is purely market driven and does not stem from any undisclosed information or impending corporate actions.The company maintains that it remains compliant with all listing obligations and continues to provide timely updates on events impacting its operations and performance. There are currently no price sensitive information or pending announcements that require disclosure at this time.Archean Chemical Industries Ltd reiterated its commitment to...