Markets

Saurashtra Cement Ltd to Hold Board Meeting to Approve Q1 Financial Results; Trading Window Details Announced Saurashtra Cement Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-audited Financial Results for the First Quarter and Three Months ended June 30, 2026.The board meeting is set for Thursday, August 6, 2026. The primary focus of the meeting will be considering and approving the financial results for the first quarter.In addition to the corporate governance update, Saurashtra Cement Ltd has specified details regarding the trading window for its securities. A decision was made that the trading window for all Connected Persons and their immediate relatives will be closed starting July 1, 2026...

CRISIL Reaffirms Credit Ratings for Rupa & Company Ltd's Bank Loan FacilitiesRupa & Company Limited has received an affirmation of its credit ratings for various bank loan facilities from CRISIL Ratings Limited. The ratings were reaffirmed by the rating agency in a letter dated July 23, 2026.The reaffirmation covers long-term and short-term rated bank loan facilities, as well as Commercial Paper issued by Rupa & Company Ltd.According to the details provided, the credit standing of Rupa & Company Limited remains stable across its banking instruments:FacilitiesTotal Bank Loan Facilities RatedRating/Rating ActionLong Term RatingRs. 365 CroreCRISIL AA-/Stable (Reaffirmed)Short Term Rating CRISIL A1+ (Reaffirmed)Commercial...

Le Travenues Technology Limited Allots 2,375,151 Equity Shares Through Employee Stock Option Schemes; Paid-up Capital Increases Le Travenues Technology Limited has completed the allotment of 2,375,151 fully paid up equity shares following the exercise of vested options under several Employee Stock Option Schemes (ESOS). This transaction resulted in an increase in the company's paid up share capital.The shares were allotted pursuant to the exercise of vested options held by option holders across multiple ESOS schemes, including those enacted in 2012, 2016, 2020, 2021, 2024, and 2025. The allotment was executed against these options, each carrying a face value of ₹ 1/-.The exercise of the options generated money amounting to ₹...

Chetan Dadhich Appointed as Whole-time Director and CEO of Current Infraprojects Limited Current Infraprojects Limited (CIPL) announced the appointment of Mr. Chetan Dadhich as an Additional Director, designated as the Whole-time Director and Chief Executive Officer (CEO), effective July 23, 2026. The decision was made by the company's Board of Directors based on the recommendation of the Nomination and Remuneration Committee.Mr. Dadhich, who currently serves as the CEO of the company, has been appointed to this dual role for a term of five years. This appointment is subject to the approval of the Members at the ensuing General Meeting, following which he will serve as a Director liable to retire by rotation. He will continue in his...

Natural Calamity Disrupts Operations at Ras Resorts & Apart Hotels in SilvassaRas Resorts & Apart Hotels Ltd has reported a disruption of operations at its hotel located in Silvassa following severe weather conditions and flooding. The facility, which serves as a complete vacation and conference centre, has been affected by the natural calamity.The operational halt resulted from incessant rainfall over the past 48 hours in Silvassa. Authorities released water from a dam into the Daman Ganga river, leading flood water to enter the hotel premises and causing disruptions to business activities at Ras Resorts.The company confirmed that the natural calamity is adequately covered under its Insurance Policy.An update regarding...

TVS Electronics Ltd to Hold Board Meeting to Approve Q1 FY2026 Un-audited Financial Results TVS Electronics Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-audited Financial Results for the Quarter ending June 30, 2026. The board meeting is set to take place on Saturday, August 8, 2026.The gathering aims to consider and formally approve these quarterly financial results, providing insight into the company's performance during the period.In adherence to its Code of Prevention of Insider Trading, the trading window for dealing in TVS Electronics Ltd shares was closed starting July 1, 2026. The restriction will remain until 48 hours following the announcement of the board meeting details and results...

Grovy India Reports Q2 Unaudited Results; Total Revenue Stands at 2,758.43 Lakhs Grovy India Limited released its unaudited financial results and segment-wise performance data for the quarter ending June 30, 2026. The company reported a Profit/(loss) of 190.11 lakhs for the period, with Total Comprehensive Income reaching 277.07 lakhs.The unaudited Statement of Profit and Loss showed that Grovy India generated 2,758.43 lakhs in Total Revenue for the quarter ended June 30, 2026. This compares to 789.48 lakhs reported in the previous quarter (ending March 31, 2026) and 829.65 lakhs recorded in the unaudited period ending June 30, 2025.For the same quarter, Total Expenses were recorded at 2,504.38 lakhs. The company reported a...

Davangere Sugar Company to Hold Board Meeting Regarding Fund Raising through Private Placement and Warrants Davangere Sugar Company Limited has scheduled a meeting of its Board of Directors to consider proposals for raising funds. The company is planning to discuss the issuance of convertible warrants and/or any other eligible securities through various financing modes, including private placement or preferential issue.The Board Meeting is set for Tuesday, July 28, 2026.During the meeting, the Board will evaluate the proposal for raising funds. The proposed fundraising initiative may be executed in one or more tranches, subject to the determination of the Board.The company holds a position within the sugar industry and has...

GSL Securities Ltd Announces Board Meeting and Closes Trading Window for Designated Persons GSL Securities Ltd has announced the details of its upcoming Board meeting, which is scheduled to consider several key corporate matters. The company also confirmed the closure of the trading window for all designated persons.The Board meeting is set to be held on Wednesday, July 29, 2026, at the registered office of the Company. The agenda includes the review and approval of critical financial and operational items.Items slated for consideration include the Unaudited Financial Statements, along with a limited review report from statutory auditors, pertaining to the quarter ended June 30, 2026. Furthermore, the board will address the Director...

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...