Markets

SEBI Initiates Massive Asset Attachment Against Defaulter in DU Digital Technologies Scrutiny: Banks, Demat Accounts Targeted The Securities and Exchange Board of India (SEBI) has taken stringent action against Usha Devi following allegations related to trading activities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. SEBI has issued comprehensive notices ordering the attachment of various assets belonging to the defaulter across multiple financial institutions.The regulatory move signifies a severe escalation in recovery proceedings. The notice orders all banks, post offices, and mutual funds in India to place a hold on the accounts of Usha Devi for the realization of dues. This action is...

Frog Innovations Limited Migrates from NSE Emerge to National Stock Exchange Main Board Frog Innovations Limited (Erstwhile Frog Cellsat Ltd.) announced that its members have approved the company's transition from the SME platform of the National Stock Exchange of India (NSE) to the Main Board Platform.The migration was confirmed following a Special Resolution passed during the company's 22nd Annual General Meeting. The meeting, held on July 22, 2026, saw members ratify the move, enabling Frog Innovations Limited to transition onto the main listing board of the National Stock Exchange of India Limited.This approval allows the company to continue its operations and listings under the Main Board segment of the NSE, marking a...

Vardhman Special Steels Reports Strong Q1 FY27 Results; Revenue and Profitability See Significant Rise Vardhman Special Steels Limited, a leading producer of special steels and pioneer in green steel manufacturing catering to automotive and engineering sectors, has announced its unaudited financial results for the first quarter of the financial year 2026-27. The results reflect substantial growth across various operational metrics.The company reported Q1 FY27 volumes at 59,103 MT. Revenue from Operations stood at Rs 486.01 Crore. EBITDA (including other income) reached Rs 68.29 Crore, translating to an EBITDA per ton of Rs 10,764. The Net Profit After Tax (PAT) for the quarter was Rs 41.19 Crore.Key financial highlights comparing Q1...

HPCL Announces Q1 FY27 Results Amid Industry Challenges, Highlights Growth in Renewables and Infrastructure Hindustan Petroleum Corporation Limited (HPCL) released its unaudited financial results for the quarter ended June 30, 2026. The company reported performance that reflected both the challenges of the ongoing West Asia crisis and its resilient operations in refining and marketing. HPCL also detailed significant progress across strategic investments, network expansion, and sustainability initiatives.Financial Performance Review The Q1 FY27 results showed shifts compared to Q1 FY26, with the company reporting losses in both standalone and consolidated profit/loss after tax figures. Revenue from Operations for Q1 FY27 stood at ₹...

Sona Comstar Partners with DENSO Corporation to Establish Joint Ventures in EV and Hybrid Powertrain Systems Gurugram, India (July 22, 2026) - Sona BLW Precision Forgings Limited (Sona Comstar) has signed definitive agreements with DENSO Corporation, a global leader in automotive technology, to establish two strategic joint ventures. These collaborations aim to develop, design, manufacture, and market advanced electric and hybrid powertrain systems tailored for various vehicle segments across India.The partnership brings together DENSO's extensive technology leadership in electrification, advanced product engineering, and R&D capabilities with Sona Comstar's proven manufacturing excellence, cost-competitive production, and deep...

Sejal Glass Secures Significant Architectural Glass Orders Worth Crores in India and UAE Sejal Glass Limited has secured substantial new orders for high-performance architectural glass solutions across both international and domestic markets. The company confirmed that these major contracts reinforce its presence within the GCC region, alongside strengthening its market standing in India.The firm’s subsidiary in the United Arab Emirates (UAE) successfully bagged significant projects valued at approximately AED 27.6 Million, which is equivalent to INR 71 Crores. These international orders are linked to prestigious hospitality, residential, and healthcare projects within the UAE.Adding to this success, Sejal Glass also secured...

Tasty Bite Eatables Limited details operations, commits to Zero Liquid Discharge as part of Sustainability Report Tasty Bite Eatables Limited (TBEL) has released its Business Responsibility and Sustainability Report for the Financial Year 2025-26, providing insights into its operations, commitment to environmental stewardship, and social responsibility across its value chain. The report highlights TBEL’s extensive global reach and dedicated initiatives toward sustainable manufacturing practices.The company is a well-established player in the food industry, having been incorporated since 1985. TBEL maintains a strong operational base with one plant and one office serving the national market, while significantly contributing to...

Highway Infrastructure Limited Secures Rs 28.69 Crore Contract for Kozhinjipatti Toll Plaza Operations Highway Infrastructure Limited has secured a significant contract, receiving a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI). The LOA pertains to operations at the Kozhinjipatti Fee Plaza located in Tamil Nadu.The NHAI issued the Letter of Award on July 22, 2026, confirming Highway Infrastructure Limited's role as the user fee agency for this project.Key details regarding the contract and its terms are provided below:ParticularsDescriptionAwarding EntityNational Highways Authority of India (NHAI)Contract NatureAward of contract for operation and collection of user fee at Kozhinjipatti Fee...

UTI AMC Reports Q1 FY2026-27 Results: Group AUM Reaches ₹20.57 Lakh Crore; MF QAAUM Hits ₹3.93 Lakh Crore UTI Asset Management Company Limited (UTI AMC) has released its financial and business performance results for the first quarter of Fiscal Year 2026-27, reporting steady growth across core businesses and strengthening market positioning. The Group's total Assets Under Management (AUM) stood at ₹20,56,871 crore, while UTI Mutual Fund's Quarterly Average AUM (QAAUM) reached ₹3,92,691 crore.The company reported that the Q1 FY27 performance reflects a positive direction toward its business growth strategy, driven by disciplined execution and investment excellence.Financial Snapshot: Q1 FY2026-27For the first quarter of FY26-27...

Advait Energy Transitions Sells Stakes in Two Subsidiaries; Approves Employee Stock Option Grants Advait Energy Transitions Limited announced key outcomes from its Board meeting held on July 22, 2026. The board approved the sale of stakes in two subsidiaries, Advait Battery Ecosystems Private Limited (ABEPL) and Advait Carbon Advisory & Renewables Assets Private Limited (ACARA), to a subsidiary company of the listed entity. Additionally, the company approved grants under its Employee Stock Option Plan 2022.Subsidiary Sales Transaction Details The Board meeting determined that both ABEPL and ACARA would be considered step-down subsidiaries of Advait Energy Transitions Limited following the planned transaction. These sales involve a...

Gandhar Oil Refinery Announces Q1 Results, Declares Interim Dividend; Appoints New Independent Director Gandhar Oil Refinery (India) Limited has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also announced an interim dividend, scheduled its next Annual General Meeting, and appointed a new director as an Additional Non-Executive Independent Director.The Board of Directors approved these outcomes during a meeting held on July 22, 2026.Financial Performance Snapshot The results show the company's financial status across various periods. The standalone and consolidated figures are presented below in Crore.ParticularsQtr Ended June 30, 2026 (Standalone)Qtr Ended...

Shoppers Stop Reports Q1 FY27 Results: Consolidated Revenue Grows 10% as Profitability Turns Around Shoppers Stop Ltd., India's pioneer in premium fashion and beauty, announced strong growth and a significant profitability turnaround for the First Quarter of Fiscal Year 2027 (Q1FY27), ending June 30, 2026. The company reported consolidated revenue of Rs 1,536 Cr, a 10% increase year-over-year (YoY). Crucially, EBITDA surged by 40% YoY to Rs 43 Cr, and Profit After Tax (PAT) turned positive at Rs 5 Cr, compared to a loss of Rs 4 Cr in Q1FY26 (Non GAAP).The results demonstrate the effectiveness of the company's premiumization strategy across various segments. Department store revenue reached Rs 1,242 Cr, showing a healthy Like-for-Like...

Gandhar Oil Refinery Reports Highest-Ever Quarterly Net Profit, Sees Revenue Surge 92% in Q1 FY27 Mumbai: Gandhar Oil Refinery (India) Ltd announced its unaudited financial results for the quarter ending June 30, 2026, reporting a record quarterly net profit exceeding ₹ 200 crore. The company noted that this strong performance was achieved despite operating within a dynamic and challenging external environment.The consolidated revenue increased by 92% year-on-year, reaching ₹ 1,732 crore. Furthermore, the Gross Margin Spread expanded 3.4 times compared to Q1 FY26, standing at ₹ 28,145 per kiloliter (kl).In terms of operational performance, overall volumes improved by 8% year-on-year. The company also declared an Interim Dividend...

Happy Square Outsourcing Services Limited Receives Work Order from Chhattisgarh Polytechnic Worth Approximately Rs 16.44 Lakhs Happy Square Outsourcing Services Limited, operating as White Force, announced that it has secured a new work order from GOVT POLYTECHNIC DHAMTARI C.G. (Technical Education Department Chhattisgarh). The contract value is approximately Rs 16.44 Lakhs, inclusive of all taxes.The contract details highlight the services being provided by the company to the domestic entity. Happy Square Outsourcing Services Limited received the work order on July 21, 2026, at 11:55 PM.Details regarding the bagging and receipt of this order are as follows:Entity Awarding OrderType of BusinessOriginContract...

IndusInd Bank Announces Q1 FY2027 Results: Net Profit Rises to ₹ 1,037 Crores IndusInd Bank Limited has released its consolidated and standalone financial results for the quarter ended June 30, 2026. The bank reported a significant increase in net profit for Q1 FY27, alongside improvements in asset quality metrics and capital adequacy ratios.The Board of Directors approved the financial results at a meeting held in Mumbai on Wednesday, June 22, 2026.Key Financial Highlights IndusInd Bank’s performance in the quarter reflects disciplined growth and balance sheet resilience. Net Interest Income (NII) reached ₹ 4,685 crores for Q1 FY27, up from ₹ 4,640 crores in Q1 FY26. The bank recorded a net profit of ₹ 1,037 crores for Q1 FY27...

Power Grid Corporation Increases Borrowing Limit and Appoints Joint Cost Auditors Power Grid Corporation of India Limited has approved several key proposals regarding its financial capacity and auditing requirements during its Board meeting held on July 22, 2026. The company enhanced its borrowing limit for the current fiscal year while also finalizing appointments for joint Cost Auditors for the coming financial year.The Board considered and sanctioned a proposal to enhance the borrowing limit from Rs. 30,000 Crore to Rs. 35,000 Crore during the financial year 2026-27. This enhancement covers various funding sources, including Domestic Bonds (Secured/unsecured) and private placement options.Furthermore, the company approved a...

SIGMA ADVANCED SYSTEMS Completes Acquisition of 100% Stake in Bromford Precision Solutions Limited SIGMA ADVANCED SYSTEMS LIMITED has successfully acquired a 100% stake (shareholding) in Bromford Precision Solutions Limited, a company based in the United Kingdom. The acquisition marks the completion of an agreement previously announced by the Indian technology firm.The milestone follows the Company's prior disclosure on July 14, 2026, which informed stakeholders that SIGMA ADVANCED SYSTEMS had signed a Share Purchase Agreement for the acquisition of the entire stake in Bromford Precision Solutions Limited. At that time, an indicative period of within six weeks was provided for the completion of the deal.The successful conclusion of...

Jayshree Tea Announces Date of 80th Annual General Meeting and Book Closure Details Jayshree Tea & Industries Limited has announced the details for its upcoming 80th Annual General Meeting (AGM), along with the book closure period required for shareholders. The AGM is scheduled to take place on Thursday, August 13, 2026.The meeting will be conducted via Two-way Video Conferencing (VC) or Other Audio Visual Means (OAVM). The proceedings of the Annual General Meeting are set to commence at 03:30 P.M. IST at the company's Registered Office, located at "Industry House," 15th Floor, 10 Camac Street, Kolkata 700017.In preparation for the AGM, the company has specified a book closure period and record date related to its Equity Shares. The...

Saregama Acquires Further Stake in Pocket Aces, Boosting Holding to 95.76% Saregama India Limited has completed the acquisition of an additional equity stake in Pocket Aces Pictures Private Limited, increasing its overall shareholding in the digital content creator and publisher to 95.76%. The transaction was finalized on July 22, 2026.The acquisition involved Saregama acquiring 35,635 Equity shares representing approximately 4.82% of Pocket Aces’ issued and paid up share capital (on a fully diluted basis). This tranche sale consideration amounted to INR 20,05,24,559, which was paid to the selling shareholders of Pocket Aces.Post-acquisition, the company's holding in Pocket Aces reached 95.76%. The purchase consolidated Saregama’s...

SunRisers Leeds Limited Approves Bonus Issue of Equity Shares for Sun TV Network Sun TV Network Limited's subsidiary, SunRisers Leeds Limited (SRL), has approved a significant bonus issue aimed at its parent company. The decision was made by the Board of Directors of SRL during a meeting held on July 21, 2026.The board sanctioned a bonus issuance comprising 99,999 Equity Shares to Sun TV Network Limited. These shares are valued at a face value of 1 GBP each.Following the completion of this bonus issue, Sun TV Network Limited is set to hold a total of 1,00,000 Equity Shares in SRL. The transaction will ensure there is no change in the percentage of shareholding held by Sun TV Network Limited. Furthermore, SRL will continue to operate...