Markets

GRP Limited Announces Quarterly Results and Approves Materiality Policy Update GRP Limited released its unaudited financial results for the quarter ended June 30, 2026, alongside key corporate approvals ratified during a Board meeting held on July 23, 2026. The results encompass both standalone and consolidated performance metrics.The Board of Directors reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Additionally, the company adopted an updated Policy for Determining Materiality of Events/Information, which incorporates changes regarding Key Managerial Personnel authorized to determine event materiality.Q2 FY27 Financial Performance Overview GRP Limited's...

Meesho Ltd invests in Grocery subsidiary MGPL aims to scale local logistics networkMeesho Ltd is undertaking an additional investment in its wholly owned subsidiary, Meesho Grocery Private Limited (MGPL), to support and enhance the operations of the grocery division. The investment is intended to facilitate the expansion of MGPL's activities, improve operational efficiency, and strengthen offerings in line with market needs.The proposed infusion of funds has an indicative timeline for completion set on or before September 15, 2026. The transaction will involve a cash consideration, with the cost of acquisition noted at up to INR 75,00,00,000 in one or more tranches.MGPL operates within the local logistics network for daily...

Fratelli Vineyards Reconstitutes Audit Committee Board, Effective August 8, 2026 Fratelli Vineyards Limited, formerly known as Tinna Trade Limited, has announced the re-constitution of its Audit Committee. The decision was approved by the Board of Directors via a Resolution passed by Circulation.The changes to the committee structure are set to be effective starting August 08, 2026. This resolution, which adheres to the provisions of Section 175 of the Companies Act, 2013, confirms the new composition of the Audit Committee.The members appointed to the newly constituted Audit Committee include:NamePositionMr. Sanjay JainChairmanMr. Rahul Rama NarangMemberMr. Gaurav SekhriMemberFratelli Vineyards confirmed that the...

Indiabulls Reports Q1 FY27 Results; Total Revenue Hits ₹359.45 Crore Amid Capital Structure Updates Indiabulls Limited announced the results of its Board meeting held on July 23, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's operations continued to generate substantial revenue across various segments while further detailing changes in its capital structure, including stock option grants and preferential warrant issues.The management highlighted several key corporate actions during the quarter, including granting stock options to employees, issuing equity shares following a Scheme of Arrangement, and approving a significant preferential issue targeting...

Ujaas Energy Ltd Announces Board Meeting to Approve Un-Audited Financial Results; Trading Window Remains Closed Ujaas Energy Ltd has scheduled a meeting of its Board of Directors to consider and approve the un-audited financial results for the quarter ended June 30, 2026. The company also confirmed that the trading window will remain closed during this period.The Board Meeting is set to take place on Thursday, July 30, 2026, at 02:30 PM. The meeting will be held at the Registered Office of the Company located in Indore (M.P.).In addition to the board meeting announcement, Ujaas Energy Ltd has maintained a closed trading window in adherence to its Code of Conduct for the Prevention of Insider Trading. The trading closure period...

Samvardhana Motherson Issues Corporate Guarantee for Subsidiary's Credit Facility Samvardhana Motherson International Limited has provided a corporate guarantee to HDFC Bank Limited concerning a credit facility taken by its indirect wholly owned subsidiary, Motherson Electro Components Limited (MECL).The company issued the corporate guarantee in favor of HDFC Bank. The guaranteed credit facility amounts up to INR 2,400,000,000/- (Indian Rupees Two Billion Four Hundred Million only). The potential liability of Samvardhana Motherson under this corporate guarantee is capped at the facility amount and accrued interest thereon.Motherson Electro Components Limited operates in the manufacturing sector, engaging in the production, assembly...

Neochem Bio Solutions Reports Tracing and Freezing of Funds in Cyber Fraud CaseNeochem Bio Solutions Limited has provided an update on its ongoing cyber fraud matter, confirming significant progress in tracing misappropriated funds and initiating legal action for recovery. The company stated that an aggregate amount of ₹74,55,502.63 was successfully traced to twenty-one beneficiary accounts held across eight banks, with these amounts placed on hold by the respective banks following directions from the investigating agency.The recovered sum represents approximately 50% of the total amount previously reported in relation to the fraud incident. These funds are stated to be the Company's own assets, which were debited from its bank...

Reserve Bank Imposes ₹1 Lakh Penalty on Baria Nagarik Sahakari Bank for Critical Internal Audit Failures The Reserve Bank of India (RBI) has imposed a monetary penalty on Shri Baria Nagarik Sahakari Bank Ltd. The decision was formalized by an order dated July 17, 2026, addressing significant compliance lapses within the Gujarat-based cooperative institution.RBI levied a fine of ₹1 lakh (Rupees One Lakh only) against the bank. This penalty relates to non-compliance with specific directions issued by the RBI concerning 'Inspection & Audit Systems in Primary (Urban) Co-operative Banks'.Regulatory Action and Basis for Penalty The penalty imposition is conducted under the powers granted to the RBI by Section 47A(1)(c) read with Sections...

Rajshree Polypack Limited Secures Repeat Order valued at ₹ 1.03 Crore for Plastic Rigid Sheets Rajshree Polypack Limited has secured a new order from a major packaging manufacturer, representing a repeat business contract focused on the supply of Plastic Rigid Sheets.The deal involves a domestic entity—a large packaging manufacturer that is listed on an Indian Stock Exchange and primarily owned by a Finnish packaging giant.According to the details of the transaction, Rajshree Polypack Limited will be supplying the necessary Plastic Rigid Sheets under this order. The total value of the contract is approximately ₹ 1.03 Crore.The execution timeline for the order permits fulfillment by August 2026 or as mutually agreed upon by both...

DCM Financial Services Ltd to Hold Board Meeting to Discuss Q1 Results and Governance Matters DCM Financial Services Limited has scheduled a meeting of its Board of Directors for Tuesday, August 11, 2026, at 04:00 P.M. The meeting will be held at the company’s registered office in Delhi.The primary focus of the board meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, including the associated Limited Review Reports.In addition to reviewing the quarterly financial performance, the Board is set to take note of several key compliance matters pertaining to the period ending June 30, 2026. These items include the intimation regarding the closure of the...

Shivalik Rasayan Limited Board Approves Preferential Issue of Equity Shares and Convertible Warrants Shivalik Rasayan Limited announced the outcomes of its Board of Directors meeting held on Thursday, July 23, 2026, confirming the approval for two significant capital raises: the preferential allotment of equity shares and the issue of fully convertible warrants.The Company approved the issue and allotment of up to 3,72,000 Equity Shares at an issue price of Rs. 250 per share. The total aggregate amount targeted for this issuance is up to Rs. 9,30,00,000. This preferential offering was directed towards several individuals belonging to the Public category.The proposed allottees and corresponding allotment details are as follows:S...

Promoter Acquires Shares in Three M Paper Boards Ltd Reaching 47.56% Stake A promoter has acquired an additional stake in Three M Paper Boards Ltd, bringing their total holding to 47.56%.Hitendra Dhanji Shah, identified as a Promoter, increased his shareholding in Three M Paper Boards Ltd on July 23, 2026. The acquisition involved the purchase of 2,000 shares through the Open Market.Prior to this transaction, Hitendra Dhanji Shah held 91,46,760 shares, representing 47.55% of the company's total diluted share/voting capital. Following the acquisition, his holding rose to 91,48,760 shares, equating to 47.56% of the Total Diluted Share/Voting Capital.The transaction details for the shareholding change are summarized below...

Virat Crane Industries Ltd to Hold Board Meeting on Financial Results for Q1 FY27 Virat Crane Industries Limited has scheduled a meeting of its Board of Directors to review the unaudited financial results for the first quarter ended on June 30, 2026, pertaining to the Financial Year 2026-27.The company announced that the Board Meeting is slated for August 13, 2026, and will be held at its registered office in Guntur, Andhra Pradesh. The primary agenda item is the consideration and approval of the unaudited financial results for the first quarter period ending on June 30, 2026.In adherence to corporate governance standards regarding insider trading, the company stated that the Trading Window will remain closed until 48 hours...

IIFL Capital Reports Q1 FY27 Results Amid Strong Institutional Equities Growth and Fairfax Strategic Investment IIFL Capital Services Limited, formerly known as IIFL Securities Limited, has reported its unaudited financial results for the quarter ended June 30, 2026. The company highlighted strong performance in the Institutional Equities and Investment Banking segment while reporting a diversified business portfolio across broking, wealth management, and asset management.The financial results showed total revenue from operations reaching ₹6,315 million in Q1 FY27. Key operational segments demonstrated mixed performance: Retail Equities generated ₹2,972 million, marking a 13% increase compared to Q1 FY26. The Institutional Equities...

Onelife Capital Advisors Converts Warrants into Equity Shares in Swojas Foods Limited Onelife Capital Advisors Limited has completed a significant transaction involving its investment in Swojas Foods Limited, exercising the right to convert convertible warrants into equity shares. The conversion pertains to 16,16,162 warrants held by Onelife in the company.To execute the option, Onelife remitted 75% of the warrant subscription amount. The payment aggregated to ₹2,00,00,004.75.Following the successful remittance of the consideration, Swojas Foods Limited, during a Board Meeting held on July 22, 2026, allotted 16,16,162 Equity Shares to Onelife Capital Advisors Limited. These shares carry a face value of ₹10/- each.The transaction...

IGI Reports Strong Q1 FY27 Results with 23% Revenue Growth and 29% EBITDA Increase International Gemological Institute Limited (IGI), a leading global provider of independent grading and accreditation services, reported robust financial results for the quarter ended June 2026. The company recorded significant growth across all key business segments, including loose stones, jewelry, and colored gemstone certification.Consolidated revenue from operations reached INR 3,708 Million for the quarter. EBITDA stood at INR 2,238 Million. This performance reflected a strong operational efficiency, with EBITDA Margins reaching 60%, an increase of 270 basis points compared to the 58% margin recorded in Q1 FY26.The company also achieved...

J.V.N Subramanyam Appointed as Government Nominee Director on IREDA Board Indian Renewable Energy Development Agency Limited (IREDA) has appointed Shri J.V.N Subramanyam as a Government Nominee Director on its Board. The appointment was made following an order issued by the Ministry of New and Renewable Energy (MNRE) on July 23, 2026.Shri J.V.N Subramanyam, who is currently the Joint Secretary at MNRE, has been appointed to this role with immediate effect.The tenure of the directorship is set until one of two conditions is met: either the appointment of three Functional Directors on the Board is completed, or further instructions are issued by the relevant authorities, whichever occurs earlier.IREDA, which operates as a Government...

NTPC Green Energy Limited Declares Project Operational, Increasing Group Capacity to 10,786.56 MW NTPC Green Energy Limited has announced that the first part capacity of a solar project has been declared commercial operation, boosting the group's total installed capacity.The operational status relates to the GSECL RE Park, Khavda Solar PV Project located in Gujarat. This project is being implemented by NTPC Renewable Energy Limited, which is a wholly owned subsidiary of NTPC Green Energy Limited. The initial phase declared operational accounts for 64.76 MW out of the total capacity planned for the site.This operational milestone comes as part of the expansion efforts of the company. Prior to this addition, the current commercial...

Karronn Naresh Bajaj Launches Open Offer for Mitshi India Ltd Shares at ₹15 Per Share Mr. Karronn Naresh Bajaj has announced a significant open offer to acquire shares of Mitshi India Limited, alongside an underlying acquisition of promoter equity, aiming to gain a stake in the company. The comprehensive transaction includes the acquisition of up to 22,88,000 equity shares through the public market and securing 15.57% ownership through a private sale agreement with the existing selling shareholders.The Open Offer is being managed by Srujan Alpha Capital Advisors LLP. Under this offer, Mr. Karronn Naresh Bajaj intends to acquire up to 22,88,000 Equity Shares of Mitshi India Limited (the Target Company), representing 26.00% of the total...

Canara HSBC Life Insurance Announces 19th Annual General Meeting and Recommends Final Dividend Canara HSBC Life Insurance Company Limited has announced the details of its 19th Annual General Meeting (AGM), scheduled for Thursday, August 20, 2026. The company also disclosed a final dividend recommendation for the financial year ended March 31, 2026.The Board of Directors, during a meeting held on April 28, 2026, recommended a final dividend amounting to 0.40 per equity share. This equates to a rate of 4% per equity share for the financial year in question.AGM Details and Key Dates The AGM is scheduled to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company provided key timelines regarding the...