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Refex Renewables Achieves Full Settlement with Subsidiary, Completes Key Asset Transfers Refex Renewables & Infrastructure Limited has finalized a full settlement concerning an insolvency petition filed against its subsidiary, Sherisha Solar LLP (SS-LLP). The company also executed several strategic corporate actions, including the transfer of Ishaan Solar Power Private Limited and the assignment of the 'SUNEDISON' trademark to SILRES Energy Solutions Private Limited.The resolution follows negotiations prompted by an interim order from the National Company Law Tribunal (NCLT) dated January 30, 2026, directing parties to amicably sort out ongoing disputes.Dispute Settlement and Liability Resolution SS-LLP entered into a binding...

Maan Aluminium Reports Fund Utilization Details Post Preferential Equity Issue Maan Aluminium Limited has provided a statement detailing the utilization of funds raised through a Preferential Issue of Equity Shares for the quarter ending June 30, 2026. The company’s capital raising activity is associated with ongoing projects and corporate purposes.The fund-raising initiative involved issuing equity shares to investors, totaling an amount of 8319.00 Lakhs INR. As of August 16, 2026, the company had allotted 59,00,000 equity shares, with an issue price set at Rs. 141/- per share and a premium of Rs. 136/- per equity share.The total funds raised were originally earmarked for three specific purposes: capital expenditure on aluminum...

Saatvik Green Energy Ltd Makes Audio Recording of Earnings Call Available for Qended June 30, 2026 Saatvik Green Energy Ltd has made available the audio recording of its recent Earnings Call. The event related to the Unaudited Financial Results (Standalone and Consolidated) of the company for the Quarter ended June 30, 2026.The audio recording is accessible on the official website of Saatvik Green Energy Ltd, providing stakeholders with access to the discussion regarding the financial results.Saatvik Green Energy Limited was previously known as Saatvik Green Energy Private Limited. The release pertains to the operational and financial updates covering the quarter that concluded on June 30, 2026.SAATVIKGL Stock Price Movement...

Companies Report Financial Results for Quarter Ended June 30, 2026 Multiple companies reported their un-audited and consolidated financial results for the quarter ending June 30, 2026. The results released by Tandhan Industries Limited, Rama Steel Tubes Ltd, Capital India Finance Limited, and Navi Finserv Limited showcased varying levels of operational performance across the period.Financial Performance Highlights Tandhan Industries Limited The company reported its un-audited financial results for the quarter ended June 30, 2026, alongside previous periods' comparisons. The consolidated statements showed a total revenue of 6,587.37. Expenses amounted to 5,739.39, leading to a profit or loss from ordinary activities before tax of...

Anuh Pharma Approves Key Director Reappointments and Revises Management Remuneration Members of Anuh Pharma Limited approved several significant corporate decisions at its 66th Annual General Meeting, including the re-appointment of key non-executive directors and the revision of remuneration payable to the Joint Managing Directors for the financial year 2026-27. The meeting also saw the approval of a new set of Memorandum of Association (MOA) and Articles of Association (AOA), subject to shareholder ratification.The decisions covered director continuity, the appointment of a Cost Auditor, and changes in compensation for senior management.Director Reappointments and Profiles At the Annual General Meeting held on August 12, 2026...

USFDA Completes GMP Inspection at Dr. Reddy's Laboratories Facility; Form 483 Issued Dr. Reddy's Laboratories Limited has reported that the United States Food & Drug Administration (USFDA) completed a Good Manufacturing Practices (GMP) inspection of its formulations manufacturing facility (FTO-3), located in Bachupally, Hyderabad.The inspection was conducted by USFDA between August 6, 2026, and August 14, 2026. Following the review, the company received a Form 483 which included four observations related to the facility.Dr. Reddy's Laboratories Limited stated that it will address the issued observations within the stipulated timeline as mandated by the USFDA process.DRREDDY Stock Price Movement Shares of Dr. Reddy's Laboratories...

Vishnu Chemicals Ltd Schedules Meetings for Analysts and Institutional Investors Vishnu Chemicals Ltd has scheduled a series of meetings dedicated to analysts and institutional investors, providing an opportunity for dialogue regarding company matters. These sessions are set to take place virtually over two consecutive days in August 2026.The company intends to host one-on-one virtual meetings with stakeholders on August 19 and August 20, 2026. The meetings are scheduled to commence at 4:00 PM IST onwards each day.Details regarding the planned Analyst/Institutional Investor Meetings are provided below:DateModeType of MeetingTime of MeetingAugust 19, 2026VirtualOne on One4.00 PM IST onwardsAugust 20, 2026VirtualOne on...

Ministry of Chemicals & Fertilizers Appoints Sarita Gena as Non-Official Independent Director of Hindustan Organic Chemicals Ltd The Government of India's Department of Chemicals and Petrochemicals has appointed Smt. Sarita Gena to the Board of Hindustan Organic Chemicals Limited (HOCL). She will serve in the capacity of a part-time Non-Official Independent Director.According to the announcement, the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, Govt. of India, appointed Smt. Sarita Gena for this role. The appointment is effective from August 14, 2026.Smt. Gena's tenure on the Board of HOCL is for a period of three years, or until such time as further orders are issued, whichever occurs earlier. This...

UGRO Capital Sets Dates for Meetings of Shareholders and Creditors Amid Scheme of Amalgamation Ugro Capital Limited is convening separate meetings for its Equity Shareholders, Secured Creditors, and Unsecured Creditors in connection with the proposed Scheme of Amalgamation involving Profectus Capital Private Limited (PCPL). The meeting notices were issued following a directive from the National Company Law Tribunal (NCLT), directing the companies to seek approval for the merger.The amalgamation involves the transferor company, PCPL, merging into the transferee company, UGRO Capital. The scheme allows for the dissolution of PCPL without winding up, as it is a wholly owned subsidiary of Ugro Capital. A key aspect of the scheme includes...

Markolines Pavement Technologies Reports Strong Profit Growth in Q1FY27 Amid Diversification Push Markolines Pavement Technologies Limited, a specialized infrastructure solutions provider, announced its unaudited financial results for the quarter ended June 30, 2026. The company demonstrated solid performance across key metrics, reporting growth in profitability driven by operational efficiencies and strong execution capabilities.The Q1FY27 results show continued progress for Markolines, which operates in the highway operations and maintenance (O&M) sector.Financial Highlights (Consolidated)Particulars (Rs. crore)Q1FY27Q1FY26YoY%FY26Revenue from Operations75.8672.724.33%348.49EBITDA9.188.448.68%48.54PBT5.575.315.02%34.93...

Mahindra Unveils BE 6 SPORTEQ Series: A Bold Expression of Sport and Electric Technology Mumbai, August 15, 2026 — Mahindra introduced the BE 6 SPORTEQ, an all-new series marking the next evolution of its acclaimed electric origin SUV. The new line is designed to offer customers a wider range of experiences, combining sporty character with technology leadership. To celebrate the unveiling, Mahindra also introduced two additional expressions of the SPORTEQ philosophy: the top-of-the-line Launch Edition and the performance-focused Formula E Freedom Edition.The BE 6 has been noted for inspiring an emotional connection among owners and fans alike since its launch in November 2024. The BE 6 SPORTEQ series has been conceived as a distinct...

Seamec Completes Statutory Drydocking of Barge 'SEAMEC GLORIOUS' Seamec Limited announced the successful completion of the statutory drydocking for its barge, 'SEAMEC GLORIOUS.' The marine vessel completed the necessary drydocking procedures on Friday, August 14, 2026, at 20:00 hrs.The maintenance milestone marks a key operational update for Seamec Limited. Following the completion of the statutory work, the company stated that details regarding the barge's future deployment will be provided in due course of time.SEAMECLTD Stock Price Movement On Friday, Seamec Limited shares rallied, setting at ₹1541.90 after gaining 1.42%. The stock finished the session with a traded volume of 140,951 shares.

GIC Recommends Dividend of Rs 13.25 Per Share; Sets Tax Deduction at Source (TDS) Guidelines for FY 2025-26 General Insurance Corporation of India (GIC) has recommended a dividend payment of Rs 13.25 per equity share for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the forthcoming 54th Annual General Meeting (AGM). In light of changes in the Income Tax Act, 2025, the Corporation has outlined detailed guidelines regarding the deduction of tax at source (TDS) on the dividend payout.The Board of Directors met and recommended the dividend payment of Rs 13.25 per equity share, which carries a nominal value of Rs 5/- each. The recommendation was made during the Board meeting held on May 26...

Jindal Poly Films Reports Quarter Results, Reappoints Independent Director Jindal Poly Films Limited (JPFL) has announced the outcome of its Board Meeting held on August 14, 2026, approving the unaudited financial results for the first quarter ended June 30, 2026. The board meeting also sanctioned the re-appointment of an Independent Director and approved the appointment of a new Internal Auditor.The company's statutory auditors have conducted a limited review of the interim financial statements in both standalone and consolidated forms.Governance and Appointments Key decisions made by the Board of Directors included:Independent Director Re-appointment: The board approved the re-appointment of Mr. Sanjeev Aggarwal (DIN: 00006552)...

Ceinsys Tech Limited Registered as Google Cloud Partner Across Multiple Engagement Areas Ceinsys Tech Limited has successfully obtained registration status as a Google Cloud Partner, expanding its capabilities across several critical engagement areas within the cloud and workspace technology ecosystems. The partnership reinforces the company's commitment to providing advanced digital solutions to its clientele.The successful achievement of the "Registered" status spans key areas involving both Google Cloud and Google Workspace technologies. The partnership was formalized and documented through a Google Cloud Partner Certificate dated August 14, 2026.The registration details across various engagement areas are as follows...

Nectar Lifesciences Limited Completes Corporate Office Relocation in Chandigarh Nectar Lifesciences Limited has announced a change in its corporate office address. The decision was approved by the company's board of directors during a meeting held on August 14, 2026.The move involves changing the existing location for the company operations. The previous corporate office was situated at Plot No. 110, Industrial Area, Phase 1, Chandigarh 160 002.The company has transitioned to a new address: "Godrej Eternia," located at West Wing (Tower A), Plot No. 70, Industrial Area, Phase-1, Chandigarh, 160 002.This change in corporate office is scheduled to be effective starting September 15, 2026.NECLIFE Stock Price Movement On Friday...

Neo Wealth Surge: Investment Fuels Keertana Finserv Amid Explosive Gold Loan Market Expansion Institutional Backing Bolsters Keertana Finserv as it Aims for ₹6,000 Crore Portfolio Neo Wealth Partners has secured a strategic investment in Keertana Finserv, signaling strong institutional confidence in the rapidly expanding Indian gold loan sector. The deal represents a significant capital infusion designed to strengthen the company’s financial base and fuel its next phase of ambitious growth across India.The investment was valued at ₹230 crore for Neo Wealth Partners' 9.9% stake in Keertana Finserv. This transaction values Keertana at 2.3 times its net worth, which stands at ₹920 crore. The capital infusion is crucial as it supports the...

Anthropic’s $2 Trillion IPO Bet Rests on 2028 Revenue Forecast as AI Market Seeks Long-Term Valuation As Anthropic prepares for what is anticipated to be one of the largest Initial Public Offerings (IPOs) in history, Wall Street investors are looking far beyond current financials. Analysts and underwriters are positioning the valuation not on present earnings but on massive revenue forecasts projected two years into the future. Sources familiar with the company's financial outlook have indicated that Anthropic projects revenues between $190 billion and $200 billion by 2028. This forward-looking projection is significantly larger than the firm's recently publicized revenue run rate of $47 billion, highlighting the scale of growth...

Market Indices Slide After US-Iran Deal Delay; Brent Crude Spike Dampens Investor Sentiment India's equity markets closed in the red for a third consecutive week as persistent geopolitical uncertainty and a sharp rise in crude oil prices weighed heavily on Dalal Street. Both major benchmark indices registered losses, continuing a trend of subdued trading despite ongoing earnings season activity.Equity Markets End on a Weak Note The Nifty declined by 29.85 points or 0.1%, concluding at 24,366. Similarly, the BSE Sensex fell 70.71 points or 0.1%, settling at 78,009.25. The indices recorded losses of 0.8% and 0.6% for the week respectively.While the benchmark indices saw a slight decline, the performance across micro-cap categories...

Anchor Investors Surge as Lalithaa Jewellery Mart Raises Rs 508 Crore Ahead of Massive IPO Lalithaa Jewellery Mart, a prominent jewellery retailer based in Southern India, has secured significant anchor investments ahead of its upcoming Initial Public Offering (IPO). The company successfully raised ₹508.2 crore from 22 key anchor investors, including major financial institutions like Goldman Sachs, Morgan Stanley, and ICICI Prudential AMC. This substantial funding round precedes the market introduction of the company's Rs 1,700-crore IPO.Key Details of Lalithaa Jewellery Mart's IPO The allocation to anchor investors involved 2.52 crore equity shares, which were granted at the upper end of the defined IPO price band, set between ₹190...