Markets

Umiya Holding Increases Stake in Umiya Buildcon Through Open Market PurchaseUMIYA HOLDING PRIVATE LIMITED has acquired additional shares in Umiya Buildcon Limited, which operates as a subsidiary of the promoter group. The acquisition was carried out through the open market on July 21, 2026.The acquisition details show that UMIYA HOLDING PRIVATE LIMITED, acting as the acquirer and Person Acting in Concert (PAC), holds a stake in Umiya Buildcon Limited (formerly MRO-TEK Realty Limited). The company is noted as being part of the Promoter group.According to the transaction records, before this acquisition, the holding of UMIYA HOLDING PRIVATE LIMITED in Umiya Buildcon Limited stood at 72,12,466 shares, representing 38.61% of the total...

Encumbrance Created on Vedanta Oil and Gas Shares as Part of $2.25 Billion Facility Agreement Vedanta Oil and Gas Limited (VOGL) has created an encumbrance over its equity shares through a facility agreement dated 20 July 2026. This arrangement is secured by GLAS Agency (Hong Kong) Limited acting as the agent for the original lenders, underpinning a total maximum commitment of US$ 2,250,000,000.The encumbrance pertains to the shares of VOGL held by Vedanta Resources Limited (VRL) and its subsidiaries, including Twin Star Holdings Ltd., Welter Trading Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited, and Vedanta Netherlands Investments B.V.GLAS Agency (Hong Kong) Limited is acting in its capacity as...

GLAS Creates Encumbrance Over Shares of Vedanta Iron and Steel Ltd as Part of US$ 2.25 Billion Facility Agreement GLAS Agency (Hong Kong) Limited has created an encumbrance over a significant stake in Vedanta Iron And Steel Limited (VISL) as part of a comprehensive facility agreement. The commitment from the original lenders totals US$ 1,545,000,000, with an additional increase commitment available up to US$ 705,000,000, bringing the maximum commitment under the agreement to US$ 2,250,000,000.The facility was executed on July 20, 2026, involving GLAS Agency (Hong Kong) Limited acting as the agent and security agent for the lenders. The Obligors under this arrangement include TSHL, VRL, VHMLII, and Welter, while arrangers listed...

GLAS Agency Creates Encumbrance Over Vedanta Ltd Shares Under US$ 2.25 Billion Facility Agreement A facility agreement has been executed, leading GLAS Agency (Hong Kong) Limited to create an encumbrance over a significant portion of Vedanta Limited's shares. The arrangement involves Vedanta Resources Limited and its subsidiaries securing financing from a consortium of international banks.The total maximum commitment under the Facility Agreement amounts to US$ 2,250,000,000. Of this amount, the original lender commitment is US$ 1,545,000,000, with an additional increase commitment available up to US$ 705,000,000 from potential participating lenders.The facility agreement was executed on July 20, 2026, involving TSHL (as the...

ONGC Secures Nation's Future: Strategic Gas Reserve Planned as Global Energy Tensions Rise State-run Oil and Natural Gas Corporation (ONGC) is set to spearhead India’s first strategic natural gas reserve. The move comes after intense consideration of global energy security amidst rising geopolitical tensions in West Asia, which have significantly disrupted worldwide supply chains. This initiative aims to bolster the country's long-term resource stability against external shocks.Addressing Energy Security Gaps The focus on creating a dedicated gas reserve is crucial given India’s dependence on imports. The nation currently sources about 55 percent of its natural gas requirements, representing annual imports valued at nearly $15...

Vedanta Power Shares Encumbered Amid US$ 2.25 Billion Facility Agreement A facility agreement involving a maximum commitment of US$ 2,250,000,000 has resulted in the encumbrance of equity shares of Vedanta Power Ltd (VPL), as detailed under terms set forth by GLAS Agency (Hong Kong) Limited on behalf of its clients. The transaction concerns debt financing structured through a Facility Agreement dated 20 July 2026.The facility agreement involves several parties, including Twin Star Holdings Ltd (TSHL), Vedanta Resources Limited (VRL), VHMLII, and Welter as guarantors and obligors. The arrangement includes various international financial institutions as arrangers and original lenders.As of the date of this disclosure, the commitment...

GLAS Agency Creates Encumbrance over Vedanta Aluminium Metal Shares as part of US$ 2.25 Billion Facility Agreement GLAS Agency (Hong Kong) Limited has created an encumbrance over the equity shares of Vedanta Aluminium Metal Limited (VAML). This action is linked to a Facility Agreement executed in relation to substantial financing arrangements involving VAML’s controlling group, Vedanta Resources Limited (VRL).The encumbrance was established on 20 July 2026 in connection with a facility agreement. The agreement involves several parties, including GLAS Agency acting as the agent and security agent, among original lenders such as Barclays Bank PLC and Citigroup Global Markets Asia Limited, arrangers, and guarantors from the Vedanta...

Raj Rayon Industries Announces Investor and Analyst Group Meeting in Mumbai Raj Rayon Industries Limited has scheduled a meeting for investors and analysts. The company officials are set to interact with market participants based on publicly available information.The planned interaction is a group meeting, designed to discuss matters related to the company in a transparent setting. Discussions will be strictly based on publicly available information, and the company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during these sessions.Meeting Details Details regarding the Investor/Analyst gathering are as follows:Date & TimeType of InteractionLocation28th July 2026, 03:00 pm...

Radhika Jeweltech Limited Appoints Two New Independent Directors; Updates Board Composition Radhika Jeweltech Limited announced significant changes to its board structure following a meeting of its Board of Directors held on July 22, 2026. The company approved appointments and cessations related to its Independent Directors, which were made based on the recommendation of the Nomination and Remuneration Committee.Two individuals were appointed as Additional Non-Executive Independent Directors. Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia were appointed with effect from July 22, 2026, subject to subsequent approval by shareholders. Both appointments carry a tenure of five years from the date of appointment.Dholakia...

Infollion Research Services Limited Appoints New Company Secretary Amid C-Suite Changes Infollion Research Services Limited has announced a change in its key managerial personnel (KMP) roles following a Board meeting held on July 23, 2026. The company accepted the resignation of Ms. Megha Rastogi from her position as Company Secretary and Compliance Officer. Concurrently, the Board appointed Ms. Aastha Talwar to assume the duties of Company Secretary & Compliance Officer, effective immediately.The decision regarding staffing changes was made by the Board of Directors following a meeting that commenced at 09:00 A.M. (IST) and concluded at 09:15 A.M. (IST).Details of Personnel Changes Ms. Megha Rastogi’s resignation from the role of...

Bharat Forge Subsidiary Divests 50% Stake in REFU Drive GmbH Bharat Forge Limited's wholly owned subsidiary, Kalyani Powertrain Limited (KPTL), has agreed to sell its entire equity stake in REFU Drive GmbH. The sale was finalized through a Definitive Agreement dated July 22, 2026.The transaction involves KPTL transferring its 50% equity share held in REFU Drive GmbH to REFU Elektronik GmbH.Upon the completion of this divestment, REFU will no longer operate as a joint venture involving KPTL. The consideration for this sale has been set at EUR 12,500.00 and is expected to be received upon closing. The transaction is slated for completion within six weeks from the date of the agreement.The buyer in this deal is REFU Elektronik GmbH...

Dr Reddy's Plunges 9% After Weak Q1 Results as Global Supply Chain Woes Sink Profitability Shares of Dr Reddy's tanked significantly on Thursday, falling 9% to ₹1,080 on the BSE. This sharp decline followed the announcement of a weak first-quarter performance for the financial year 2027. The company reported dips in both profitability and revenue, leading to intensified bearish outlook from several major brokerages.Financial Performance and Core Business Challenges Dr Reddy's net profit stood at ₹443 crore, marking a severe 69% plunge during the quarter under review. Revenue from operations also saw a decline of 6%, reaching ₹8,071 crore compared to the same quarter last year.The company attributed part of its challenges to a...

Q1 Earnings Shock: Tanla Platforms Surges Up 13% as Pharma and PSU Stocks Reel Amid Mixed Results The stock market is facing a high-stakes day, driven by diverse quarterly earnings announcements, strategic corporate deals, and company-specific developments. Stock movements are volatile across sectors as investors react to dramatic performance swings, ranging from massive profit gains to steep net losses. These results highlight the varied fortunes of companies navigating the current business cycle.Tanla Platforms Drives Rally on Strong Q1 Performance Tanla Platforms witnessed a significant surge in its share price, jumping 13% after announcing robust first-quarter numbers. The company recorded a 20.1% increase in profit, reaching...

Frog Innovations Approves Director Reappointments and New Appointments at Annual General Meeting Members of Frog Innovations Limited have approved several key corporate decisions regarding their board structure and director compensation following the 22nd Annual General Meeting held on July 22, 2026. These resolutions cover the re-appointment of a retiring director, extending the tenure of an existing independent director, the appointment of a new independent director, and the revision of remuneration for a whole time director.During the general meeting, members approved the re-appointment of Mr. Satish Bhanu Trivedi (DIN: 02037127), who is liable to retire by rotation and offered himself for re-appointment as an Ordinary Resolution...

Motilal Oswal Financial Services’ Long-Term Credit Rating Upgraded by Crisil, Reflecting Business Resilience and Diversity Motilal Oswal Financial Services Ltd (MOFSL) has received a rating upgrade from Crisil Ratings, which elevated its long-term credit rating to ‘Crisil AA+/Stable’ from ‘Crisil AA/Positive’. This positive assessment extends across the company and several key subsidiaries, highlighting the group's stable financial discipline and diversification across capital market businesses.The upgraded ratings position MOFSL among the highest rated non-bank domestic capital market players, as acknowledged by the rating agency. The rating action covers MOFSL, Motilal Oswal Home Finance Limited (MOHFL), and Motilal Oswal Finvest...

CapitalSquare Financial Services Acquires Shares in M.R.Maniveni Foods Ltd, Boosting Stake to 11.76% CapitalSquare Financial Services Pvt Ltd has increased its holding in M.R.Maniveni Foods Ltd through open market operations, acquiring 408,000 equity shares of the company on July 21, 2026. This acquisition boosts CapitalSquare's stake in M.R.Maniveni Foods Ltd to 11.76%.The transaction details and resulting shareholding are detailed below:Acquisition OverviewMetricBefore AcquisitionAcquisition DetailsAfter AcquisitionTotal Voting Capital / Shares (A)1,894,000 shares (9.68%)Acquired: 408,000 Equity Shares (2.08%)2,302,000 shares (11.76%)Acquirer Stake9.68%—11.76%CapitalSquare Financial Services Pvt Ltd acquired the...

Century Extrusions Limited Announces 38th Annual General Meeting for FY2025-26 Century Extrusions Limited has scheduled its 38th Annual General Meeting (AGM) of its members, providing shareholders access to the Notice and Annual Report for the Financial Year 2025-26. The meeting is set to be held in August 2026.The AGM is scheduled for Friday, August 14, 2026, at 10:30 a.m. Members will be able to attend through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM).Accessing Annual Report and Meeting Notice For shareholders who have not registered their email address with the Company or its Registrar & Transfer Agent (RTA), Century Extrusions Limited has provided specific web links where the complete details of the...

Medplus Health Services Reports Suspension of Drug Licenses for Subsidiary StoresOptival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has faced multiple instances of drug license suspension orders for its stores across Karnataka. These actions relate to violations committed under Rule 65 of the Drugs and Cosmetics Act, 1940 and associated Rules, 1945.The incidents resulted in various suspensions across three different locations within Karnataka, with a collective potential revenue loss noted by the company. The orders were received on July 21, 2026.Details of the license suspension actions are provided below:Authority NameLocation/CircleSuspension DurationPotential Revenue LossAssistant...

CME Shares Surge Over 6% After Stellar Q2 Beat, Driven by Robust Hedging Demand CME Group shares jumped over 6.1% on Wednesday following the announcement of better-than-expected second-quarter earnings. The global derivatives exchange reported adjusted earnings of $2.99 per share, successfully topping analysts’ consensus estimate of $2.91 per share, according to LSEG data cited by Reuters.The strong performance came despite the company noting softer trading volumes in specific asset classes during the quarter. CME's results indicate resilient hedging demand across markets, helping cushion the stock against prior concerns over competitive challenges.Q2 Earnings Details and Performance Breakdown The earnings figure also surpassed the...

Inox Green Energy Services Approves Up To Rs 600 Crore Fund Raising via Board Resolution Inox Green Energy Services Limited, which was previously known as Inox Wind Infrastructure Services Ltd., announced that its Board of Directors has approved a significant fundraising initiative. The resolution aims to raise funds aggregating up to Rs 600 Crore through various financial instruments and methods.The approval encompasses the authorization to raise capital in three defined tiers: a base issue size of up to Rs 400 Crore, supplemented by a green shoe option valued at up to Rs 200 Crore. The company’s Board has granted its absolute discretion to determine appropriate terms and conditions for this fund raise while ensuring compliance with...