Markets

Allcargo Logistics Ltd Receives Income Tax Demand of ₹5.61 Crore Allcargo Logistics Limited has received a Notice of Demand from the Income Tax Department regarding an assessment for the block period spanning April 1, 2018, to April 5, 2025. The notice was issued under Section 154 of the Income Tax Act, 1961, and relates to an assessment order passed under Section 158BC of the same Act.The total demand raised against the company amounts to ₹5,61,21,030. The authority cited the non-disclosure of income as the basis for this action.Basis of Tax Demand According to the details provided in the notice, the demand arises from specific notional additions to the total income:CategoryDetailsTransfer Pricing AdjustmentsRs. 7.05 cr for...

Coal India Limited Commissions 200 MW Solar Power Capacity in Gujarat Coal India Limited has successfully commissioned 200 MW of solar power capacity as part of its larger 300 MW solar power project located at Khavda, Gujarat. The company received the formal commissioning certificate from the Gujarat Energy Development Agency (GEDA) on July 15, 2026.This milestone marks a significant step in the development of the project situated in the Khavda region. The successful completion of this phase allows Coal India Limited to expand its power generation capabilities through renewable energy sources.The following table summarizes the project details:Project ComponentDetailsTotal Project Capacity300 MWCommissioned Capacity200 MW...

Gold Coin Health Foods Ltd Announces New Independent Directors and Strategic Expansion Plans Gold Coin Health Foods Limited has announced significant corporate developments following a Board of Directors meeting held on July 16, 2026. The company confirmed the appointment of two new independent directors and shared plans for a substantial expansion into cattle farming and greenhouse projects.Appointment of Independent Directors The Board of Directors approved the appointment of Mr. Soham Ashokkumar Solanki and Mr. Umang Ashwinbhai Shah as Independent Directors (Additional Directors). Both appointments are for an initial term of five consecutive years effective from July 16, 2026, subject to shareholder approval within three months...

Brooks Laboratories Limited Enters Binding MoU with Steriscience Specialties Private Limited Brooks Laboratories Limited has entered into a binding Memorandum of Understanding (MoU) with Steriscience Specialties Private Limited (SSPL) and its joint venture, Brooks Steriscience Limited (BSL). The agreement establishes the commercial framework for the company’s continuing investment in BSL following a proposed sale of a portion of its shareholding.The transaction, which was approved by the Board of Directors on June 19, 2026, is expected to result in an immediate cash inflow of approximately INR 106.33 crores for Brooks Laboratories Limited. The company intends to utilize these funds for growth and business expansion.Strategic...

SBI Releases New Balanced Hybrid Fund to Target Moderate Risk Investors SBI Mutual Fund has officially announced the launch of its new SBI Balanced Hybrid Fund, an open-ended scheme designed for investors seeking a blend of regular income and long-term capital appreciation. The fund falls under the Balanced Hybrid category, providing a structured approach to portfolio management by balancing equity market growth with the stability offered by fixed-income instruments.Strategic Investment Objectives and Asset Allocation The primary investment objective of the SBI Balanced Hybrid Fund is to generate long-term capital appreciation and steady income. To achieve this, the fund invests in a diversified mix of equity and debt instruments. The...

Flex Foods Ltd Announces Appointments and Re-appointments to Independent Director Positions Flex Foods Limited has announced the appointment and re-appointment of key independent directors following the approval of Special Resolutions by shareholders at the 36th Annual General Meeting held on July 16, 2026.The company confirmed the re-appointment of Mr. Pradeep Narendra Poddar for a second term as an Independent and Non-Executive Director. His tenure is set for a period of five consecutive years, beginning July 21, 2026, and concluding on July 20, 2031.Additionally, the company appointed Mr. Paresh Nath Sharma as an Independent and Non-Executive Director. His first term will span three consecutive years, effective from May 19, 2026...

Tulasee Bio Ethanol Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Tulasee Bio Ethanol Ltd has scheduled a meeting of its Board of Directors on August 7, 2026, at 3:00 PM. The primary agenda for this session is to consider and approve the un-audited financial results of the company for the quarter that concluded on June 30, 2026.The meeting serves as a key milestone for the company to present its operational performance and financial standing for the specified period. Following the review, the company will release its official financial statements.In conjunction with this upcoming announcement, the trading window for dealing in the securities of Tulasee Bio Ethanol Ltd remains closed. This restriction will...

Parsvnath Developers Ltd Announces Resignation of Independent Director Ramesh Chand Gupta Parsvnath Developers Limited has announced the resignation of Mr. Ramesh Chand Gupta from his position as an Independent Director of the company. The resignation became effective from the close of business hours on July 14, 2026.The company stated that Mr. Gupta tendered his resignation citing personal pre-occupations and other commitments. Upon his departure, he ceased to hold positions on various internal committees of the Board.Impact on Committee Memberships With the resignation of Mr. Ramesh Chand Gupta, he has stepped down from his roles in the following committees:Name of the DirectorDesignation on the BoardName of the...

Kronox Lab Sciences Ltd Clarifies Share Volume Movement Kronox Lab Sciences Ltd has issued a statement regarding the recent significant increase in trading volumes of its shares across stock exchanges. The company clarified that the management is not connected to the rise in volume and maintains that all material information remains transparently disclosed.The company reiterated its commitment to maintaining adherence to applicable standards and confirmed that it continues to provide timely updates on all relevant developments. Management stated that they have no involvement in the current trend of elevated trading activity observed in their shares.KRONOX Stock Price Movement Kronox Lab Sciences Limited shares today slipped by 1.65%...

Waaree Energy Storage Solutions Launches Advanced Automated BESS Container Manufacturing Facility Waaree Energy Storage Solutions Pvt Ltd (Waaree ESS), a subsidiary of Waaree Energies Limited, has announced the commencement of its Battery Energy Storage System (BESS) Container Manufacturing Facility in Mumbai. The facility represents a significant milestone in the company's 20 GWh manufacturing roadmap and is designed to establish an integrated energy storage manufacturing ecosystem in India.The new production facility features a capacity of 5.15 GWh, which was uprated from an initial plan of 3.5 GWh. This increase is attributed to improved energy density of battery cells and the debottlenecking of production throughput. The facility...

CCI Dismisses Anti-Competitive Allegations Against DIAL Over Airport Security Contracts The Competition Commission of India (CCI) has dismissed a formal complaint alleging that Delhi International Airport Limited (DIAL) abused its dominant position to award exclusive security contracts to a related group entity. The ruling comes after an investigation into whether the airport operator engaged in unfair practices by bypassing transparent tendering processes.The Information was originally filed by Swam Kartik Sharma, Director of M/s Galaxy Security and Allied Services Pvt. Ltd., against DIAL, the Airports Authority of India (AAI), and the Ministry of Civil Aviation. The informant alleged that DIAL selectively awarded security contracts...

Dr. Rakshita Sharma Resigns as Independent Director of Parsvnath Developers Ltd Parsvnath Developers Ltd has announced the resignation of Dr. Rakshita Shharma from her position as an Independent Director of the company. The resignation became effective from the close of business hours on July 14, 2026.The director cited personal reasons for the departure, stating that following her father's demise, she is no longer in a position to dedicate the necessary time and effort to the affairs of the company. Dr. Rakshita Shharma has confirmed that there are no other material reasons for her resignation beyond those stated in her official letter.With the resignation, Dr. Rakshita Shharma has ceased to hold her position as Chairperson of the...

Associated Alcohols & Breweries Ltd to Convene Board Meeting for Q1 FY2026-27 Results Associated Alcohols & Breweries 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 July 24, 2026, at the company's corporate office located in Indore, Madhya Pradesh.The primary agenda for the board meeting includes the consideration and approval of the following financial reports:Report TypePeriod CoveredStatusUnaudited Standalone Financial ResultsQuarter ended June 30, 2026Limited Review Report includedUnaudited Consolidated Financial ResultsQuarter ended June 30, 2026Limited Review Report included...

Powerica Limited Invests INR 3 Crore in Fuji-Kailash Energy Private Limited Powerica Limited has announced a strategic investment in Fuji-Kailash Energy Private Limited (FKEPL), a move aimed at strengthening its portfolio in the renewable power generation sector. The investment, which was approved by the Board of Directors on April 21, 2026, represents an acquisition of up to 49% of the equity share capital of FKEPL.The transaction was finalized on May 22, 2026, with the allotment of equity shares to Powerica Limited as part of a cash consideration agreement. This investment allows the company to enter de-risked renewable assets and secure long-term revenue visibility while supporting its broader ESG framework.Strategic Expansion...

Parsvnath Developers Limited Announces Resignation of Independent Director Parsvnath Developers Limited has announced the resignation of Mr. Subhash Chander Setia from his position as an Independent Director of the company. The resignation became effective from the close of business hours on July 14, 2026.Mr. Subhash Chander Setia cited ill health and other personal commitments as the primary reasons for his departure. The director has confirmed that there are no other material reasons for his resignation beyond those stated in his formal letter.With this resignation, Mr. Setia has ceased to hold positions across several key committees within the company's board structure. His roles included leadership and membership positions in...

JNK India Limited Announces Cancellation of Incinerator Package Order for Abu Dhabi Project JNK India Limited has announced the cancellation of an order regarding an incinerator package for a project located in Abu Dhabi, UAE. The company received formal communication from CC7 Emirates Engineering Solutions L.L.C., UAE, stating that the contract for the TA'ZIZ Salt Project, ADNOC, is no longer active.The original order was secured on June 8, 2026, for the supply of goods related to the incinerator package. However, following a review, the client informed the company that the order stands cancelled because the required approval from the project licensor was not obtained. This approval is a mandatory requirement for the performance and...

Subhash Chander Setia Resigns as Independent Director of Parsvnath Developers Ltd Parsvnath Developers Ltd has announced the resignation of Mr. Subhash Chander Setia from his position as an Independent Director on the company board. The resignation became effective from July 14, 2026.According to the company, Mr. Setia tendered his resignation citing ill health and other personal commitments. The director has confirmed that there are no material reasons for his departure other than those specifically mentioned in his resignation letter.With the conclusion of his tenure, Mr. Setia has stepped down from several key leadership positions across various board committees. He previously served as a Non-Executive Independent Director and...

Birla Precision Technologies Ltd Announces Resignation of Vice President Export Birla Precision Technologies Limited has announced the resignation of Mr. Niranjan Ravindra Joglekar, who served as the Vice President of Export for the company.The executive submitted his formal notice of resignation on April 17, 2026. The company has accepted the resignation, and Mr. Joglekar will be officially relieved from his duties at the close of business hours on July 16, 2026.In his resignation letter addressed to the Managing Director, Mr. Joglekar stated that he decided to step down due to better prospects. He expressed appreciation for the experience gained during his tenure and the professional associations formed during his employment with...

V-Guard Industries Ltd to Review Financial Results in Upcoming Board Meeting V-Guard Industries Ltd has scheduled a meeting of its Board of Directors to review and approve the financial performance of the company for the quarter ending June 30, 2026. The meeting is set to take place on Wednesday, July 29, 2026, at the registered office of the company.The primary agenda for this board meeting includes the consideration and approval of both Standalone and Consolidated Un-Audited Financial Results. These results will be presented alongside a Limited Review Report for the specified period.Regarding internal controls and trading activity, the trading window for dealing in the securities of V-Guard Industries Ltd will remain closed until...

Veefin Solutions Limited Holds Shar pHeholder Meeting for Proposed Scheme of Amalgamation Veefin Solutions Limited convened a meeting of its equity shareholders on July 16, 2026, to discuss and approve a proposed Scheme of Amalgamation. The meeting was conducted via Video Conference (VC) and Other Audio Visual Means (OAVM) as per the directions issued by the National Company Law Tribunal (NCLT), Mumbai Bench.The proceedings were chaired by Mr. Venkata Subba Rao, Former Member (J) of the NCLT. Mrs. Payal Maisheri, Chief Financial Officer of the company, welcomed the shareholders and initiated the session.Meeting Attendance and Participation As of the record date of May 15, 2026, there were 4,989 shareholders on record. The...