Markets

SEBI Unlocks Investor Ease: New Framework Simplifies Securities Transmission, Introduces Quick Track for Low-Value Claims Securities and Exchange Board of India (SEBI) has introduced a sweeping overhaul of the framework governing the transmission of securities following the demise of a sole or joint security holder. The circular aims to significantly enhance investor convenience and streamline processes across all processing entities, including Listed Companies, RTAs, Depositories, and AMCs.The new regulations standardize the process for handling inheritance claims, moving towards a more efficient and risk-based system designed to protect investor interests in the securities market. These changes are intended to improve both the ease...

All Personnel Retrieved in Samardung Tunnel Incident; Patel Engineering Ltd. Pledges Ex-Gratia Assistance Patel Engineering Ltd. has confirmed the conclusion of rescue operations at the Samardung Tunnel (Teesta VI) project, following a tragic incident. The company announced that all bodies of the 25 personnel who were trapped inside the tunnel have been successfully retrieved.The complex rescue operation was executed through the coordinated efforts of numerous agencies. These included the Sikkim District Administration, Sikkim Police, state hospitals and paramedical staff, National Disaster Response Force (NDRF), State Disaster Response Force (SDRF), State Authorities, Eastern Coalfields Limited, Western Coalfields Limited, NHPC team...

Mangalore Refinery Achieves Emissions Reduction and Sets Net Zero Ambition by 2038 in Sustainability Report MANGALORE, India – Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited, has outlined its commitment to sustainability and published key performance indicators (KPIs) for the fiscal year 2025-26. The report details MRPL's operational scope, environmental commitments, and social impact as it advances towards long-term decarbonization goals.MRPL is committed to supporting India’s evolving energy needs while enhancing operational excellence and responsible resource management. The company has set a clear ambition to achieve Net Zero Scope 1 and Scope 2 emissions by the year...

India Ratings Assigns IND BBB+ Rating for Indo Borax & Chemicals' Bank Loan Facilities India Ratings and Research (Ind-Ra) has assigned an IND BBB+/Stable/IND A2+ rating to the bank loan facilities of Indo Borax & Chemicals Limited (IBCL). The rating reflects the company's established position in the domestic boric acid industry, supported by its operational history and growing revenue base.The rating was issued for a Bank Loan Facility sized at INR 600 million. Ind-Ra’s assessment considered IBCL’s strong business profile, volume-led revenue growth, and overall credit metrics, while also noting constraints related to raw material dependency and future capital expenditure plans.Financial Performance and Market Position IBCL has...

PNB Housing Finance Releases Comprehensive Sustainability Report, Achieving A+ ESG Rating PNB Housing Finance Limited (PNBHFL) has released its Business Responsibility and Sustainability Report for Fiscal Year 2025-26, detailing its operational scale, social commitment, and environmental stewardship. The company's efforts were externally audited by Bureau Veritas (India) Private Limited, resulting in a Reasonable Assurance on the BRSR Core KPIs. PNBHFL also announced that it has been assigned an ESG Rating of 'A+' by an authorized rating provider as of April 16, 2026.The report provides extensive insights into the company’s social and environmental performance across various metrics, including climate change management, resource...

Neetu Yoshi Limited Secures ₹17.12 Crore Order from Indian Railways for Critical Track and Coach Components Dehradun - July 23, 2026: Neetu Yoshi Limited, a leading RDSO-certified manufacturer of customized ferrous metallurgical products, has announced securing an aggregate purchase order valued at ₹ 17.12 Cr. This contract involves the manufacture and supply of essential railway components to Integral Coach Factory (ICF), Chennai, Indian Railways, and an associated India-based manufacturer.The scope of work includes producing Axle Box Housing (Finish Machined), Cast Steel Bearing Plates, Cast Steel Slide Chairs, and Cast Steel Insulated Tie Plates, all as per applicable RDSO drawings and specifications. The domestic order is set for...

RBI Slams Mandya Bank with ₹50,000 Penalty Over Co-operative Shareholding Violations The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Mandya District Cooperative Central Bank Ltd., Karnataka. The action addresses serious contravention of banking regulations concerning shareholdings in other co-operative societies.The penalty was levied under an order dated July 17, 2026. In exercising its powers derived from the Banking Regulation Act, 1949 (BR Act), RBI fined the bank ₹50,000/-.Violation of BR Act Leads to Penalty Imposition The fine stems from a contravention of section 19 read with section 56 of the BR Act. The penalty was imposed in line with powers granted under section 47A(1)(c) read with sections...

Crown Lifters Limited Reports Q1 FY2026-27 Update, Sets ₹50 Crore Revenue Target Crown Lifters Limited has released its first quarter update for fiscal year 2026-27, highlighting a satisfactory operational period driven by disciplined execution and strategic planning. The company confirmed its focus on strengthening the domestic market position as it aims to achieve significant operational milestones throughout the financial year.The company reported that Q1 performance was supported by healthy equipment utilization, improved project execution, and sustained operational discipline. Leadership emphasized that beyond quarterly results, the organization is focused on building long-term value, viewing consistent efforts in every completed...

Belding India Acquires Evolve IT Solutions to Bolster Advanced Security and Inspection Capabilities Belding India Ltd has completed the acquisition of 100% equity stake in Evolve IT Solutions Private Limited, making Evolve a Wholly-Owned Subsidiary of the company. This strategic move significantly expands Belding's presence and capabilities within advanced manufacturing, industrial electronics, AI-enabled imaging, precision engineering, and mission-critical security technologies.The acquisition was executed at arm's length and does not fall under related party transactions. Evolve IT Solutions specializes in Security Screening & Inspection Technology and possesses expertise in various critical areas, including baggage scanners, cargo...

Swastika Investmart Ltd Approves Preferential Issue of 90 Lakh Warrants in EGM Swastika Investmart Limited announced plans to issue up to 9,050,000 warrants convertible into equity shares through a preferential allotment process. The proposed transaction aims to raise up to Rs 57,59,42,000 and is scheduled for approval at the company's Extraordinary General Meeting (EGM) on August 14, 2026.The EGM, which will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), seeks shareholder approval for the issuance of these warrants to Promoter/Promoter Group and Non-Promoter/Public category entities.Details of the Preferential Issue The company's Board approved the creation, offer, issue, and allotment of up to 90,50,000...

Excel Industries Ltd completes specialty chemical production project for long-term supply agreement Excel Industries Limited has announced the successful completion of a dedicated project for producing specialty chemicals, fulfilling a commitment under a binding long-term supply agreement with a leading Indian specialty chemicals company.The initial term sheet was signed by Excel Industries on November 13, 2025. The deal covers the supply of a specific specialty chemical over a five-year period. The terms indicate an annual income net of Raw Material Costs ranging between Rs 35 crore and Rs 40 crore.Excel Industries initially communicated that it would establish a dedicated setup for these supplies, estimating the capital...

Krsnaa Diagnostics Secures Major Public Private Partnership for CT Scan Services in Himachal Pradesh Krsnaa Diagnostics Limited has secured a significant Public Private Partnership (PPP) Agreement with the Director Health Services, Health & Family Welfare Department, Government of Himachal Pradesh. The agreement covers setting up, operating, managing, maintaining, and reporting CT Scan Diagnostic Facilities across 34 Government Health Institutions throughout the state.The project is structured as a PPP under which Krsnaa Diagnostics will operate these facilities on a majority cash basis for an initial period of seven years. The contract includes provisions for a potential extension of three years, subject to mutually agreed terms and...

Thyrocare Technologies Reports Robust Q1FY27 Results: Consolidated Revenue Up 24%, PAT Surges 34% Thyrocare Technologies Limited, a leading healthcare diagnostics company, reported strong results for the quarter ended June 30, 2026. The company announced consolidated revenue of ₹240.02 crore, marking a 24% year-on-year growth, while Profit After Tax (PAT) surged by 34% to ₹51.33 crore.The robust performance highlights the continued momentum in the Pathology segment and the strategic expansion of Thyrocare’s service offerings.Key Financial Performance Highlights Thyrocare delivered a significant leap in profitability during Q1FY27. Consolidated EBITDA grew by 34% year-on-year to ₹77.27 crore, underscoring the company's focus on...

Cyient Delivers Resilient Q1 Performance, Driven by Growth in Transportation and Completes Strategic Fundraise Hyderabad: Cyient Limited, a global life-cycle engineering company, announced its financial results for the quarter ended June 30, 2026. The company reported resilient performance, highlighted by continued growth in the Digital, Engineering, and Technology (DET) segment and the successful completion of a share buyback program.The quarterly results showed DET revenue reaching INR 1,540 crores. This figure reflects a 2.7% sequential increase (QoQ) and a 10.6% year-on-year (YoY) growth. Cyient's EBIT stood at INR 203 crores, translating to a margin of 13.2%, while PAT was recorded at INR 141 crores, demonstrating a 2.1% QoQ...

IIFL Capital Services Reports Q1FY27 Results; Operational Revenue Stands at ₹631 Crores IIFL Capital Services Ltd, formerly known as IIFL Securities Ltd, announced its consolidated financial results for the quarter ended June 30, 2026. The company reported a steady performance in Q1FY27, driven by resilience in investment banking and institutional equities businesses, alongside continued traction across wealth and asset management platforms.Consolidated operating revenue for the quarter stood at ₹631 crores, reflecting a 2% decline Quarter-on-Quarter (Q-o-Q) but marking a 2% increase Year-on-Year (Y-o-Y).Operating profit before tax was reported at ₹149 crores, which is up 4% Q-o-Q but down 9% Y-o-Y.As of June 30, 2026, the total...

Creative Castings Ltd Announces Board Meeting to Review Q1 Financial Results and Dividend RecommendationCreative Castings Limited has announced that its next Board of Directors meeting is scheduled for Saturday, August 1, 2026. The meeting is set to address several key corporate matters related to the company's financial performance and dividend policy.The agenda items slated for consideration at the meeting include reviewing and approving the Unaudited Financial Results for the quarter ended June 30, 2026. This includes examining the Limited Review Report provided by the Statutory Auditors. Additionally, the Board is tasked with considering and recommending a final dividend, if any, for the financial year that concluded on March...

Shivalik Rasayan Approves Issue of Equity Shares and Warrants in Board Meeting Shivalik Rasayan Limited announced that its Board of Directors, at a meeting held on Thursday, July 23, 2026, approved the issuance and allotment of both Equity Shares and Fully Convertible Warrants through a preferential basis. The decision involves raising capital through two distinct instruments: up to 372,000 Equity Shares and up to 9,48,000 Fully Convertible Warrants.The company has authorized the issue and allotment of equity shares amounting to a total of up to Rs 9,30,00,000/- (Nine Crore Thirty Lakh Only). These Equity Shares, which have a face value of Rs 5/- each, are being issued at an issue price of Rs 250/- per Equity Share.The proposed...

Apollo Micro Systems Launches Open Offer for Premier Explosives Limited Shares at INR 698 per Share Apollo Micro Systems Limited (AMSL) has announced an open offer to acquire a stake in Premier Explosives Limited, setting the offer price at Indian Rupees 698/- per Equity Share. The move is part of a larger strategic acquisition process initiated by AMSL regarding the Target Company.The open offer targets up to 139,77,911 equity shares, representing 26% of Premier Explosives Limited’s (Target Company) equity share capital. The maximum total consideration for this acquisition is INR 975,65,81,878, payable in cash.The offer was announced following previous communications from the company and is subject to regulatory approval. AMSL has...

UTI AMC Releases Audio Recording of Earning Conference Call for Quarter Ended June 30, 2026 UTI Asset Management Company Limited has made available the audio recording of its earning conference call concerning the financial performance for the quarter ended June 30, 2026. The conference call was conducted on Thursday, July 23, 2026, at 1600 hrs IST.The audio recording detailing the company's performance is available on UTI AMC's official website. Stakeholders can access the material through the designated investors updates section of the corporate platform.UTIAMC Stock Price Movement UTI Asset Management Company Limited shares closed today after shedding 1.05%, settling at ₹904.05. The stock, which saw high trading activity with...

RBI Imposes ₹11 Lakh Penalty on Arvind Sahakari Bank over Regulatory Non-Compliance in Housing Finance The Reserve Bank of India (RBI) has levied a significant monetary penalty against Arvind Sahakari Bank Ltd., Katol, Maharashtra. The action addresses critical non-compliance found by the central bank regarding specific directions issued for 'Housing Finance for UCBs' and related 'Interest Rate on Deposits'.This regulatory action underscores the RBI’s stringent oversight of cooperative banks in adherence to established guidelines. The penalty was finalized under a formal order dated July 16, 2026, targeting deficiencies noted during a statutory inspection conducted by the RBI.Details of Regulatory Non-Compliance The bank's...