Markets

Sukhjit Starch & Chemicals Announces Directorship Appointments and 82nd Annual General Meeting DetailsSukhjit Starch & Chemicals Ltd. has announced outcomes from its recent Board Meeting, detailing changes in management and setting dates for its forthcoming annual general meeting. The board recommended several key appointments to the shareholders.The company will host its 82nd Annual General Meeting on Wednesday, August 26, 2026, at Rehana Jattan in Phagwara. Details regarding book closure and record date for dividend payment were also provided by the Board.Book closure for the purpose of the AGM is scheduled from August 21, 2026, through August 26, 2026 (inclusive). The cut-off date intended for determining shareholders for...

PNGS Reva Diamond Jewellery Ltd Opens New Exclusive Brand Store in Pune PNGS Reva Diamond Jewellery Limited has expanded its physical retail presence by opening a new exclusive brand store. The company introduced the addition at Amanora Mall in Hadapsar, Pune.The new outlet is located at Ground Floor, West Block of Amanora Mall, which is situated in Amanora Park Township, Mundhwa Road, Hadapsar Kharadi Bypass, Pune. This strategic expansion enhances the company’s retail footprint across its operational geography.With the opening of this latest store, PNGS Reva Diamond Jewellery Limited reports that it currently operates a total of 34 SIS stores through P. N. Gadgil & Sons Limited. The company also maintains three Exclusive Brand...

Austere Systems Secures Work Order from HDFC Bank for Management Information System Austere Systems Limited, formerly known as Austere Systems Private Limited, has secured a significant work order from HDFC Bank Limited. The contract involves developing a Management Information System (MIS) for the bank.The total value of this domestic contract stands at ₹1,86,60,000/-.The project details include:Entity awarding the contract: HDFC Bank Limited Nature of the work: Management Information System (MIS) Order size/Consideration: ₹1,86,60,000/-This engagement underscores Austere Systems' capabilities in providing specialized information system solutions to major financial institutions.Stock Price Movement Austere Systems Ltd...

MAS Financial Services Ratings Updated by Acuite: Bank Loan Facilities Reaffirmed; Proposed Debentures Assigned AA Acuite Ratings & Research Limited has assigned, reaffirmed, and withdrawn credit ratings on various instruments of MAS Financial Services Ltd (MFSL). The ratings reflect the company's financial performance, growing asset base, and operational profile, which includes exposure across Micro and Small Medium Enterprises (MSMEs) and lending to associated institutions.Acuite reaffirmed the long-term rating for MFSL’s Bank Loan facilities at ACUITE AA with a Stable outlook. The agency also assigned a long-term rating of ACUITE AA with a Stable outlook to proposed Non Convertible Debentures amounting to Rs 100.00 Cr. while...

IBL Finance Limited Allots Rs 2.0 Lakhs Worth of Secured Non-Convertible DebenturesIBL Finance Limited announced the successful allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company's Finance Committee approved the issuance on July 7, 2026.The allotment involved two NCDs, each with a face value of Rs 1,00,000/-, issued at an issue price of Rs 1,00,000/-. The total size of the private placement was Rs 2,00,000/- (Rupee Two Lacs Only).The issuance was previously approved by the Board of Directors on July 16, 2025, and received approval via a Special resolution from shareholders at the Annual General Meeting held on August 22, 2025.Key...

Sensex and Nifty Stall Gains as Profit Booking and Sector Slumps Challenge Mid-week Rally Stock benchmarks Sensex and Nifty witnessed a significant pause in their upward trajectory on July 7, with the indices trading near flat despite strong recent performance. The market movement was primarily attributed to profit booking following several consecutive days of gains, compounded by declines in metal and realty stocks.Market Overview: Benchmarks Trading Cautiously While both benchmarks had delivered robust gains over the past week, their momentum faded as traders took profits. The Sensex fell substantially from its day's high, while Nifty was trading near a critical support range.As of 1:14 pm, the Sensex stood at 78,316.16, recording...

IT Stocks Surge Up to 4% as Optimism Builds Ahead of Q1 Earnings Season The Indian information technology (IT) sector witnessed a significant rally on Tuesday, with stocks gaining up to 4 percent. This robust buying interest stems from investors eagerly awaiting management commentary regarding demand trends ahead of the quarter's earnings season.The Nifty IT index rose by as much as 3 percent. This gain extends the index's rebound observed in July, following a period where it declined by 10.5 percent over the preceding two months. Tata Consultancy Services (TCS) is set to release its first-quarter results on Thursday, adding focus to the sector’s trajectory.Expert Viewpoints Driving the IT Sector Rally Ponmudi R, CEO of Enrich...

Market Overhaul: SEBI Eases Compliance Burden, Makes Merchant Bankers Optional for Share Buybacks! The Securities and Exchange Board of India (SEBI) has notified significant amendments to its buyback regulations. These changes, set to be effective from August 1, aim to simplify compliance and reduce transaction costs while simultaneously introducing stringent safeguards concerning promoter holdings and investor communication.The regulatory updates implement proposals approved by the SEBI Board on June 19. The revisions reflect a balanced approach, reducing operational complexities for companies without diluting crucial investor protection mechanisms.Merchant Banker Becomes Optional for Buyback Offers A major shift under the new...

Viviana Power Tech Awarded Turnkey Contract with DGVCL Worth Rs 41.5 Crore Viviana Power Tech Limited has secured a significant turnkey contract from M/s. Dakshin Gujarat Vij Company Limited (DGVCL). The contract, valued at Rs 41,50,36,976.00 inclusive of taxes, involves critical infrastructure work for DGVCL divisions under the Overhead to Underground Scheme or other related schemes.The contract awarded by DGVCL covers the comprehensive scope of Supply, Laying, Installation, Testing, and Commissioning of 11KV underground cable. Additionally, the scope includes erection and dismantling work of TCDP/Pole across various DGVCL Divisions. The contract was officially received by Viviana Power Tech Limited on July 6, 2026.The business...

Crown Lifters Limited Approves Committee Reconstructions at Board Meeting Crown Lifters Limited's Board of Directors meeting led to the approval of reconstitutions across two key committees: the Audit Committee and the Nomination and Remuneration Committee, effective from July 7, 2026.The Board approved changes to the composition of the Audit Committee. The committee includes Amit Bhalchandra Nandedkar as Chairperson, along with Karim Kamruddin Jaria and Sanjay Dhayal as members.The current structure of the Audit Committee is detailed below:Sr.NoName of DirectorCategoryPosition1.Amit Bhalchandra NandedkarNon-Executive - Independent DirectorChairperson2.Karim Kamruddin JariaExecutive DirectorMember3.Sanjay...

Ministry of New and Renewable Energy Approves Solarium Green Energy Ltd for Solar PV Modules Manufacturing Solarium Green Energy Limited has been included in the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules by the Ministry of New and Renewable Energy (MNRE), Government of India. This inclusion marks a significant milestone for the Company's manufacturing business, according to details released on July 07, 2026.As per the ALMM list published by MNRE on July 06, 2026, Solarium Green Energy Limited’s facility in Ahmedabad has been enlisted with an approved manufacturing capacity of 1.23 GW per annum. The manufacturing unit is located at Survey No. 508/1 & 508/2 in Village Miroli, Daskroi, Ahmedabad, Gujarat...

Pune E - Stock Broking Ltd Completes Preferential Allotment of Equity Shares Pune E - Stock Broking Limited announced the conversion and allotment of equity shares arising from warrants, noting that the transaction resulted in an increase in the company's paid-up capital.The company's Board of Directors approved the allotment of 100,000 equity shares to M/S Viney Equity Market LLP, a non-promoter group entity. These shares were issued upon the conversion of an equivalent number of warrants. The issuance details include a face value of Rs. 10/- per share and were set at an issue price of Rs. 171/- per share, which includes a premium of Rs. 161/ per share.The allotment was completed following the receipt of balance consideration...

Crown Lifters Limited Appoints Mrs. Natasha Nizar Rajwani as Additional Director Crown Lifters Limited has appointed Mrs. Natasha Nizar Rajwani as an Additional Non-Executive Non-Independent Director on its Board of Directors. The appointment was approved by the Board of Directors during a meeting held on July 07, 2026, and is effective immediately.Mrs. Rajwani, who holds DIN: 11804744, will serve as an Additional Director, subject to shareholder approval. As stipulated, she is liable to retire by rotation.The Board meeting commenced at 11:30 A.M. and concluded at 12:30 P.M. on the day of the appointment.Profile and Disclosure Details Mrs. Natasha Nizar Rajwani was appointed in the category of Non-Executive, Non-Independent...

Trustedge Capital Board Appoints Two New Directors and Notes Resignation of Promoter Director Trustedge Capital Ltd, formerly known as Adinath Exim Resources Limited, finalized several key appointments and noted a resignation from its board following a meeting held on July 7, 2026. The company appointed two additional directors to strengthen its governance structure while recording the departure of Mrs. Vidhi Shail Savla.The Board of Directors approved the appointment of Mr. Shail Manoj Savla as an Additional Director (Promoter, Non-Executive) and Mr. Narayanan Sadanandan as an Additional Director (Non-Executive and Independent Director). The company also recorded the resignation of Mrs. Vidhi Shail Savla from her position as Director...

Swiggy Ltd Reports Aggregate Foreign Investment at 49.76% of Equity Share Capital Mumbai: Swiggy Limited has reported that as of July 06, 2026, the aggregate foreign investment in the company stands at approximately 49.76% of the total paid-up equity share capital on a fully diluted basis. This figure encompasses all forms of foreign investment, including Foreign Portfolio Investment (FPI), Foreign Direct Investment (FDI), and other indirect foreign investment, based on data available from the designated depository.The company confirmed that this investment metric does not result in any change to its ownership or control status. Furthermore, the aggregate foreign investment has no impact on Swiggy’s share capital, management...

Goa Carbon Ltd. Schedules Board Meeting to Review Q1 FY27 Unaudited Financial Results Goa Carbon Limited has scheduled a meeting of its Board of Directors to review and take on record the unaudited financial results for the quarter ending June 30, 2026.The board meeting is set to be held on Wednesday, July 15, 2026.The primary agenda item for the meeting will be the consideration and formal recording of the company’s performance during the specified quarter. The results include unaudited financial figures pertinent to the period ending June 30, 2026.GOACARBON Stock Price Movement As of 12:49 PM, shares of Goa Carbon Limited are shedding 1.23% in live trading, currently at ₹381.00. The stock has seen a trade volume of 5,570 shares...

Saptarishi Agro Industries Holds Board Meeting, Approving Operational and Banking Matters Saptarishi Agro Industries Ltd held a meeting of its Board of Directors on July 07, 2026, at the company's corporate office. The board considered and approved various general business matters related to banking and operations during the ordinary course of business.The meetings commenced at 11:00 AM and concluded at 11:31 AM.During the session, the Board granted necessary authorizations pertaining to operational matters, as well as addressing several banking requirements for the company. The materials reviewed and decisions made by the directors during the meeting were routine business actions that did not require specific disclosure under...

Purohit Construction Ltd Contributes Capital, Gains Stake in New LLP EntityPurohit Construction Ltd has established a financial interest in 'PEB PCL INFRACON LLP', following the incorporation of the Limited Liability Partnership on July 6, 2026. The entity is set up to carry out business related to prefabricated constructions and construction projects.The partnership move involves Purohit Construction contributing ₹ 51,000 towards the LLP’s total capital contribution of ₹ 1,00,000. As a result of this investment, the company is entitled to a 51% share in both the profits and losses of PEB PCL INFRACON LLP.Purohit Construction Ltd's participation in the new Limited Liability Partnership (LLP) is facilitated through its nominee, Mr...

Maritime Pact and Tech Surge: India Forges New Golden Chapter with Indonesia in Defense, AI, and Blue Economy Strategic Partnership Solidifies Bilateral Ties The relationship between India and Indonesia is entering a new phase of rapid growth, marked by a comprehensive strategic partnership covering defense, technology, and sustainable development. During a joint press statement, the Prime Minister emphasized that the increasing trust between both nations signifies the start of a "golden chapter" for Indo-Indonesian collaboration. This commitment spans multiple critical areas, from securing maritime trade routes to advancing digital public infrastructure.The PM expressed deep gratitude to President Prabowo and the Indonesian...

Simbhaoli Sugars Reports Total Financial Indebtedness of 3464.96 Crores as of June 30, 2026 Simbaholi Sugars Limited has reported its total financial indebtedness and details regarding debt payment status in banks and financial institutions as of June 30, 2026. The company's Grant Total (Principal and Interest) stands at 3464.96 Crores as of the aforementioned date.The report provides a detailed view of the company’s borrowings, categorized into loans from financial institutions and unlisted debt securities.As of June 30, 2026, the total amount outstanding under revolving facilities like Cash Credit from banks or financial institutions is reported at 3464.96 Crores, with the entire outstanding amount noted as a default. Unlisted...