Markets

SEBI Zeroes In: Banks and Depository Ordered to Attach Accounts of Nikunj Shah Over DU Digital Technologies Penalty The Securities and Exchange Board of India (SEBI) has initiated significant recovery proceedings against Nikunj Sureshchandra Shah. The regulator issued multiple notices of attachment on July 22, 2026, targeting the personal accounts and securities holdings of Mr. Shah related to trading activities involving DU Digital Technologies Limited (now operating as DU Digital Global Limited).The regulatory action stems from a Recovery Certificate No. 9176 of 2026 dated June 29, 2026. This certificate details the total dues owed by Mr. Shah, which amount to ₹6,37,000.00, along with associated interest and costs.SEBI Orders...

Jonjua Overseas Limited to Hold Board Meeting to Consider Bonus Share Issue and Auditor Appointment<p>Jonjua Overseas Limited announced that its Board of Directors will convene a meeting to review several critical operational and financial matters, including the approval of a proposed Bonus Share Issue. The board meeting is scheduled for Tuesday, July 28, 2026, at 4:30 PM.</p><p>The agenda set for the meeting includes deliberations on the distribution of bonus shares. Furthermore, the company intends to consider and approve the appointment of APT & Co LLP, Chartered Accountants, as its Statutory Auditors. Other items scheduled for discussion cover the preparation of the Annual Report and Directors’ Report, as well as formalizing the...

SEBI Freezes All Assets and Accounts of Defaulter in DU Digital Technologies Probe; Total Dues Cross ₹12 Lakh Mark The Securities and Exchange Board of India (SEBI) has taken decisive regulatory action against Dhaval Vinodbhai Gadani. The regulator issued multiple notices of attachment on July 22, 2026, targeting the financial holdings of Mr. Gadani in connection with trading activities involving DU Digital Technologies Limited (now DU Digital Global Limited).The immediate and severe move involves the attachment of all bank accounts, post office accounts, Demat accounts, and Mutual Fund folios held by the individual. The action aims to recover a substantial amount owed under SEBI's Recovery Certificate.SEBI Initiates Comprehensive...

Select Stocks Defy Global Headwinds: FII Buying Rises for Four Quarters Amid Broader Market Pullback Foreign Institutional Investors (FIIs) have maintained a net selling stance on Indian equities over the past year, having reportedly sold nearly $38 billion worth of shares. However, a select group of companies has successfully bucked this negative trend, with foreign shareholding steadily rising across four consecutive quarters through the June 2026 quarter, according to recent data.Why Foreign Investors Are Selling Indian Equities The sustained selling pressure from FIIs is largely attributed to persistent concerns regarding valuations and global economic uncertainty. Concerns over expensive domestic valuations and subdued corporate...

SEBI Orders Massive Account Attachment Against Defaulter in DU Digital Technologies Trading Probe The Securities and Exchange Board of India (SEBI) has issued strict notices mandating the attachment of all bank accounts, post office holdings, and demat/mutual fund folios belonging to Nayan Mahendrabhai Thakkar. The action stems from recovery proceedings related to trading activities involving DU Digital Technologies Limited, which is now known as DU Digital Global Limited.The regulatory move signals a severe crackdown on individuals involved in questionable market conduct surrounding the scrutinized scrip. The notice details specific dues owed by Mr. Thakkar and directs financial institutions across India to immediately freeze the...

SEBI Triggers Massive Asset Freeze Against Trader in DU Digital Global Probe Securities and Exchange Board of India (SEBI) has initiated stringent recovery proceedings against Vidhi Nikunj Shah, freezing financial assets due to irregularities in trading activities involving DU Digital Technologies Limited (now DU Digital Global Limited). The regulatory action involves the attachment of various accounts across multiple financial institutions. This decisive move underscores SEBI's commitment to enforcing compliance and recovering dues related to market conduct.Financial Penalties and Total Dues Imposed by SEBI The recovery proceedings were initiated following a Recovery Certificate No. 9177 of 2026 dated June 29, 2026. The total...

SEBI Orders Massive Asset Attachment Against Individual Amid DU Digital Trading Scrutiny SEBI has initiated aggressive recovery proceedings against Sanjay Savjibhai Parmar following scrutiny into his trading activities concerning the scrip of DU Digital Technologies Limited, now DU Digital Global Limited. The regulatory action involves a multi-pronged attachment order aimed at securing a substantial amount due to the board. This move signifies heightened focus by SEBI on market integrity and adherence to trading norms for entities involved in this specific stock.The notices of attachment were issued on July 22, 2026, by Kirtikumar Jadhav, General Manager & Recovery Officer at the Securities and Exchange Board of India (SEBI). The...

SEBI Unleashes Financial Hammer: High-Value Attachment Order Issued Against Individual in DU Digital Stock Trading Case The Securities and Exchange Board of India (SEBI) has initiated aggressive recovery action against an individual linked to trading activities concerning DU Digital Technologies Limited. Notices of attachment have been officially issued, targeting the personal financial assets and investment instruments held by Pranav Kamleshkumar Trivedi. This significant move underscores SEBI's commitment to enforcing penalties derived from misuse of securities markets related to the company (now DU Digital Global Limited).Total Dues Detailed in Recovery Certificate The enforcement action stems from a Recovery Certificate No. 9186...

SEBI Issues Mass Attachment Orders as Trader Faces ₹8.49 Lakh Penalty Over Trading Activities In a significant regulatory move concerning trading misconduct, the Securities and Exchange Board of India (SEBI) has issued multiple notices of attachment against Ankit Ajitbhai Panchal. The orders, dated July 22, 2026, concern the trading activities of certain entities in the scrip of DU Digital Technologies Limited, now DU Digital Global Limited.The action centers on a Recovery Certificate No. 9182 of 2026, which demands recovery of substantial funds due to penalties imposed by regulatory authorities. This sweeping administrative measure targets various financial instruments and accounts held by the defaulter across multiple institutions...

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...