Markets

Sri Chakra Cement Ltd Appoints New Chief Financial Officer Following Key Management ChangeSri Chakra Cement Limited has announced the appointment of Sri Vijay Kumar Kapilavai as its new Chief Financial Officer. The appointment, effective from August 14, 2026, was approved by the Board of Directors following a meeting held on that date.The change comes following the resignation of Mr. Srirama Vara Prasad Nendraganti, who had been serving as the company's CFO and categorized as Key Managerial Personnel (KMP) and Senior Management Personnel (SMP). The resignation was effective from May 30, 2026.Mr. Vijay Kumar Kapilavai has been appointed to the role of Chief Financial Officer. His background includes over three decades of experience...

Massive Inflow Surge Forces RBI to Close FCNR(B) Swap Window Early The Reserve Bank of India (RBI) has significantly advanced the deadline for mobilizing foreign currency non-resident (bank) deposits (FCNR(B)), citing overwhelmingly high foreign currency inflows. Originally set for September 30, the facility's closure has been moved up to August 31, a decisive move driven by the strong market response and robust capital inflow witnessed since the scheme's launch on June 8.The RBI reported that $52.30 billion was received through FCNR(B) deposits as of August 13. This figure reflects an extremely encouraging response to the swap facility, making early closure a pragmatic decision for managing foreign exchange reserves and liquidity...

Avtar Steel Files IPO Papers to Unlock Rs 585 Crore Funding Amid booming Stainless Steel Market Delhi-based stainless-steel manufacturer Avtar Steel has formally filed its Draft Red Herring Prospectus (DRHP) with SEBI, setting the stage for an Initial Public Offering (IPO). The move aims to raise significant capital as the company continues to scale its operations and expand market reach.The IPO structure includes a fresh issue of shares totaling Rs 585 crore. Furthermore, promoter Sumit Jindal has proposed up to 50 lakh shares through an Offer for Sale (OFS). Avtar Steel may also undertake a pre-IPO placement, which could raise up to Rs 117 crore, with any amount raised in this segment being deducted from the fresh issue component...

S&S Power Group Reports Q1 FY27 Highlights; Outlines Ambitious 3-Year Strategic Plan through 2028 S&S Power Switchgears Limited has outlined its strategic direction for the fiscal years 2026 through 2028, presenting a detailed investor presentation that highlights its global operations and performance update for Q1 FY27. The company is positioning itself as a boutique Indian MNC in Power and Automation with strong international presence.S&S Power Group boasts over six decades of history, operating through three fully owned subsidiaries: S&S Power Switchgear Equipment Limited (SSPSE) based in Chennai, Acrastyle Limited in the UK, and Hamilton Research & Technology Private Limited (HART) in Kolkata. The group has undergone corporate...

Pernia's Pop-Up Shop to Ignite Markets with Rs 660 Crore IPO Amid Luxury Sector Boom Purple Style Labs, the parent company of Pernia's Pop-Up Shop, is poised to debut in public markets through a planned Rs 660 crore initial public offering (IPO). Sources indicate that the company is likely to launch this significant offer by the end of August. The move comes as the luxury fashion sector witnesses exponential growth in India.The multi-brand luxury fashion platform has already filed its updated draft red herring prospectus (UDRHP) with markets regulator SEBI. Purple Style Labs had received initial approval for the IPO from SEBI earlier this year. This listing is set to mark the company's formal entry into the public sphere.Financial...

Blackstone-Backed Horizon Industrial Parks Raises Rs 1,167 Crore as IPO Nears; Debt Repayment Leads Plan Horizon Industrial Parks, a major player in the industrial and logistics infrastructure sector, has successfully secured significant funding ahead of its initial public offering (IPO). The company raised Rs 1,167.8 crore through an allocation to anchor investors, cementing strong institutional confidence prior to the upcoming IPO launch.The capital infusion was facilitated by a diverse group of 54 anchor investors. Key among these institutions were Morgan Stanley, Carmignac, Millennium Management, Societe Generale, Citigroup Global, and Viridian Asset Management. This robust backing highlights the strategic importance of the...

RPG Life Sciences Reports Resignation of Senior Management Executive Deepak Shukla RPG Life Sciences Ltd has announced the cessation of Mr. Deepak Shukla from his role as Chief Executive - API Business, following a key transition appointment at its subsidiary, RPG Active Pharma Limited.The change in senior management personnel is effective from close of business hours on August 14, 2026. Mr. Shukla's resignation follows his subsequent move to the newly appointed role of Chief Executive Officer at RPG Active Pharma Limited.RPG Active Pharma Limited is a wholly-owned subsidiary of RPG Life Sciences. According to the company statement, Mr. Shukla will commence his duties as Chief Executive Officer in this capacity starting August 15...

Filtron Engineers Ltd Announces Q3 FY26 Unaudited Results and Consolidated Performance Filtron Engineers Limited has released its unaudited financial results for the quarter ended June 30, 2026, along with consolidated statements of profit and loss. The company's Board of Directors reviewed and approved these results following a meeting held on August 14, 2026.The standalone results reflect specific operational figures across several periods:ParticularsQ ended June 30, 2026 (Unaudited)Q ended March 31, 2026 (Audited)Q ended June 30, 2025 (Unaudited)Q ended March 31, 2026 (Audited)Revenue from Operations----Other Income707.737,046.18-7,201.25Total Revenue707.737,046.18-7,201.25Cost of Material Consumed-1,420.72-1,420.72...

Dhenu Buildcon Infra Appoints Two Non-Executive Independent Directors Dhenu Buildcon Infra Ltd has approved the appointment of two new Non-Executive Independent Directors: Ms. Rekhaben Sanjay Bhanushali and Mr. Asutosh Arun Sahu. The appointments were made by the Board of Directors at a meeting held on August 14, 2026. Both individuals will serve for a term of five years, effective from August 14, 2026, until August 13, 2031, subject to shareholder approval at the company's 118th Annual General Meeting.The Board's decision was based on the recommendation of its Nomination and Remuneration Committee. Both appointees were confirmed as not being related to any existing directors of the company.Ms. Rekhaben Sanjay Bhanushali Appointed...

General Insurance Corporation of India Charts Steady Growth in Reinsurance Market, Reaching 421% Solvency Ratio by FY25-26 General Insurance Corporation of India (GIC Re) continues to solidify its position as a leading global reinsurance company, demonstrating consistent financial strength and expanding its international footprint. Formed under GIBNA in 1972, the corporation serves as a primary support mechanism for the insurance industry across the Afro-Asian region and in major international markets.The company is noted as the largest reinsurer in the domestic reinsurance market in India. With a significant presence in approximately 137 countries, GIC Re provides vital reinsurance solutions to 59 direct general and life insurance...

RPG Life Sciences Completes Slump Sale of API Business to Wholly Owned SubsidiaryRPG Life Sciences Ltd has successfully completed the transfer of its Active Pharmaceuticals Ingredients (API) business. The transaction involved selling the API segment to RPG Active Pharma Limited, which is a wholly owned subsidiary of RPG Life Sciences.The completion of this Business Transfer Agreement (BTA) marks the effective transition of the API business as of August 15, 2026.In terms of the BTA, the transfer of the API Business was executed on a slump sale basis to the company's subsidiary, RPG Active Pharma Limited.RPGLIFE Stock Price Movement Shares of RPG Life Sciences Limited on Friday slipped by 2.07% to settle at ₹2782.3, as trading...

Brahmaputra Infrastructure Reports Strong Q1FY27 Results, Highlights Robust Order Book of Over 1600 Cr Brahmaputra Infrastructure Ltd. reported its un-audited financial results for the quarter ended June 30, 2026 (Q1FY27). The company maintained a strong operational footing while showcasing significant activity in securing projects and leveraging its dual business model across infrastructure and real estate.The company maintains a robust order book valued at over ₹1,600 Cr as of June 30, 2026, providing multi-year revenue visibility spanning four segments: Roads & Bridges, River Protection, Buildings, and Railways & Tunnels.Financial Performance Highlights For the quarter ended June 30, 2026, Brahmaputra Infrastructure Ltd. recorded...

Subex Ltd Schedules Non-Deal Roadshow for Analysts and Institutional Investors Subex Ltd has announced a schedule for its Analyst and Institutional Investor meeting, setting up a physical Non-Deal Roadshow in Mumbai. The event is designed to provide investors with insights into the company's operations and strategy.The scheduled gathering includes both group sessions and one on one meetings.DateConference/Investors MeetingModeVenueTimeMeeting ScheduleAugust 19, 2026Non-Deal RoadshowPhysicalMumbai10.00 am to 05.00 pmGroup/One on OneThe investor presentation material for the meeting is available online through the company's website.Subex Ltd also clarified that no unpublished price sensitive information will be shared...

RPG Life Sciences invests up to Rs 65.68 Crore in wholly owned subsidiary RPG Active Pharma Limited RPG Life Sciences Limited has made an investment of up to Rs 65,68,60,500 through a subscription in the Rights Issue of equity shares of its wholly owned subsidiary, RPG Active Pharma Limited (RPGAP).The investment was executed via cash consideration through remittance through a normal banking channel. With this proposed current investment, which involved acquiring 21,89,535 equity shares of face value Re 10 each, the Company's shareholding in RPGAP remains at 100%.RPG Active Pharma Limited (RPGAP) was incorporated on December 24, 2025. As a pharmaceutical company, it is yet to commence operations and currently has no turnover. The...

NMDC Steel Limited Announces Q1 FY2026 Unaudited Financial Results NMDC Steel Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's board approved these integrated financial results and a limited review report conducted by statutory auditors.The detailed performance data for the quarter is available through the unaudited statement provided by the company. Key operational and financial metrics are presented below:Particulars Q ended June 30, 2026 (Unaudited) March 31, 2026 (Audited) June 30, 2025 (Unaudited) March 31, 2026 (Audited)Revenue from Operations 3,661.84 (Cr) 3,879.00 (Cr) 3,365.22 (Cr) 13,641.81 (Cr)Total Income 3,704.73 (Cr) 3,905.14 (Cr) 3,385.22 (Cr) 13,727.81...

Jinkushal Industries Reports Q1 FY27 Results: Standalone Revenue Climbs 37.4% Amid Cost Pressures Jinkushal Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2026, showing solid revenue growth alongside significant increases in operational and organizational costs. The company reported a 37.4% year-on-year (YoY) rise in standalone revenue, while consolidated revenue grew by 15.9% compared to Q1 FY26.The results were approved by the Board of Directors at its meeting held on August 14, 2026. Jinkushal continued its growth trajectory in Q1 FY27, though this performance was characterized by geopolitical uncertainty and volatility in international freight and trade routes.Financial...

UPL subsidiary Advanta completes acquisition of Egyptian seed firm Misr Hytech Seed International UPL Limited has seen its step-down subsidiary, Advanta Holdings B.V., move forward with a strategic acquisition of Misr Hytech Seed International S.A.E. (Hytech Egypt). This transaction positions the company to secure an immediate leadership role within the rapidly growing agricultural seed markets across the Middle East and Africa.The acquisition targets Hytech Egypt, which is controlled by Hytech USA. Advanta Holdings B.V. will acquire the equity interest in the entity. The purchase involves a cash consideration of approximately US$110 Mn, subject to closing adjustments detailed in the Equity Purchase Agreement. Upon completion of the...

Trust Fintech Limited Announces Changes in Compliance and Company Secretary Roles The Board of Directors of Trust Fintech Limited has approved key changes regarding its senior compliance roles, announcing both the resignation of the Company Secretary and Compliance Officer, Ms. Tapasi Das, and the appointment of Mr. Apurv Hirde to the position. These changes were formalized during a board meeting held on August 14, 2026.The company confirmed that Ms. Tapasi Das tendered her resignation from the post of Company Secretary and Compliance Officer, effective from the close of business hours on August 14, 2026. The resignation was submitted vide a letter dated August 7, 2026.Ms. Das's departure is attributed to pursuing other professional...

Voltas and Atomberg Join Hands to Establish Joint Venture for Manufacturing High Efficiency Room AC Compressors in India Voltas Limited, a leading air conditioning and engineering solutions company from the Tata Group, has signed a Binding Term Sheet with Atomberg Innovation Private Limited to establish a Joint Venture (JV). This partnership aims to manufacture high efficiency Room Air Conditioner compressors and related parts in India.The proposed JV is set up for the development, manufacturing, and supply of Air Conditioner Compressors, focusing heavily on high energy efficiency, operational reliability, cost competitiveness, and progressive localization within the domestic market.Atomberg Innovation Private Limited is a material...

Gujarat Alkalies and Chemicals Limited Announces Change in Registrar and Share Transfer Agent Email ID<p>Gujarat Alkalies and Chemicals Limited has provided an update regarding its Registrar and Share Transfer Agent (RTA). The company informed stakeholders about the change in the email ID used for investor correspondence related to their RTA.</p><p>The RTA, which was previously known as Link Intime India Private Limited, is now identified as MUFG Intime India Private Limited. GACL announced that the new dedicated email address for investors is investor.helpdesk@in.mpms.mufg.com.</p><p>The company confirmed that while the RTA's email ID has been updated, all other contact details and the physical address of the Registrar and Share...