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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...

Waaree Energies Subsidiary Secures Order for 125 MW High-Efficiency Solar Modules Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies Limited, has secured an order for the supply of high-efficiency solar modules. The contract was awarded following an order received on July 21, 2026, from a renowned customer that owns and manages utility-scale renewable power projects.The agreement mandates Waaree Solar Americas to supply its Heterojunction Technology (HJT) solar modules to the international customer. This represents a one-time contract for the supply of these high-efficiency HJT solar modules, amounting to 125 MW.The order is scheduled for execution during the Financial Year 2026-27. Key details regarding the...

Rajputana Biodiesel Receives LOI from IOCL for Biodiversity Supply of biodiesel Rajputana Biodiesel Limited has secured a Letter of Intent (LOI) from Indian Oil Corporation Limited (IOCL) concerning the supply of biodiesel. The order covers a period spanning June 2026 to August 2026, with the initial reported volume and value detailed in the LOI received on July 22, 2026.The tender was issued by IOCL via EOI no OMC/EOI/BD/JUN26 (CYCLE1) Tender ID 2026_MKTHO_190226_1, dated June 15, 2026, for the supply of Biodiesel to OMCs including HPCL and BPCL.Rajputana Biodiesel Limited received this specific LOI from IOCL for a total aggregate of 900 KL at its Panipat, Haryana facility. The estimated order value associated with this contract is...

Tribunal Sanctions Scheme for Siyaram Silk Mills; Equity Shareholders to Receive Preference Bonus Siyaram Silk Mills Limited has received sanction from the National Company Law Tribunal, Mumbai Bench, regarding its Scheme of Arrangement with shareholders. The order was passed on July 21, 2026, approving the scheme which involves the issuance of Preference Shares by way of bonus to the company's equity holders.The Scheme utilizes the general reserves of Siyaram Silk Mills Limited and includes various other consequential matters. The company is engaged in the business of manufacturing, branding, and marketing fabrics, readymade garments, and indigo dyed yarn.Details of Preference Share Issuance The proposed scheme dictates that...

Jindal Poly Films Applies for Striking Off of Subsidiary JPF API Laminates UK Limited Jindal Poly Films Limited (JPFL) is undertaking corporate restructuring concerning one of its subsidiaries. The company has received notification that an application has been submitted for the striking off of JPF API Laminates UK Limited, a step-down subsidiary within the JPFL group structure.The corporate arrangement involves multiple layers of ownership. Jindal Poly Films Limited (JPFL) is the parent entity, and JPF Netherlands Investment B.V. operates as its Wholly Owned Subsidiary. Further, JPF API Laminates UK Limited is a Wholly Owned Subsidiary of JPF Netherlands Investment B.V., making it a step-down subsidiary of JPFL.The striking-off...

NRB Industrial Bearings Announces Book Closure for 15th Annual General Meeting NRB Industrial Bearings Limited has scheduled its 15th Annual General Meeting (AGM) and announced the corresponding book closure period for its equity shares. The AGM is slated to be held on Friday, August 14, 2026.The company confirmed that the 15th Annual General Meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).To facilitate the meeting and related procedures, the Register of Members and Share Transfer Books of NRB Industrial Bearings Limited will remain closed for equity shares. The book closure period spans from Saturday, August 08, 2026, to Friday, August 14, 2026, inclusive.Key dates and details related...

Department of Telecommunications Imposes Penalty on Bharti Airtel Over Subscriber Verification Norms Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), which resulted in a penalty being imposed for alleged violations related to subscriber verification norms. The DoT levied a penalty of Rs. 1,03,000 against the company following an audit conducted on its customer applications.The action was initiated after the Department of Telecommunications, specifically the Maharashtra LSA, found discrepancies concerning compliance with the License Agreement requirements for enrolling subscribers. The notice, received by the company on July 21, 2026 at IST 1718 Hrs, detailed that the Company must ensure...

United Spirits Limited posts Q2026 results amid corporate restructuring and operational shifts United Spirits Limited released its unaudited financial results for the quarter ended June 30, 2026, showcasing performance across both standalone and consolidated entities. The company's operations span beverage alcohol manufacture, spirits, and sports franchise rights through multiple domestic and overseas subsidiaries.The Board of Directors approved these unaudited results following a meeting held on July 22, 2026, along with the Limited Review Report received from Statutory Auditors.Standalone Financial Performance For the quarter ended June 30, 2026, United Spirits Limited reported Total income of 6,335. The company recorded Total...

Bansal Wire Reports Q1 FY27 Results; Secures Trial Order for Steel Tyre Cord Bansal Wire Industries Limited, a leading player in steel wire manufacturing, has announced its un-audited financial results for the first quarter of fiscal year 2027 (Q1 FY27), which ended on June 30, 2026. The company, recognized as one of the country's largest stainless steel wire manufacturers and the second-largest steel wire manufacturer by volume, reported a net profit of Rs. 204.6 Mn for the quarter.The Q1 FY27 results show the company’s revenue standing at Rs. 11,678.9 Mn. The operational performance metrics provide insight into the recent business environment. Consolidated Q1 FY27 financial highlights are detailed below:PARTICULARSQ1 FY27Q1...

Tanla Platforms Board Considers Acquisition of Valuefirst Overseas, Decides to Defer Decision Tanla Platforms Limited held a Board meeting on Wednesday, July 22, 2026, concerning the potential acquisition of the Valuefirst Overseas entity. After deliberation, the company's Board decided not to finalize its position and chose instead to defer the decision regarding the acquisition to a subsequent Board Meeting.The Board of Directors' meeting commenced at 3:00 PM (IST) and concluded at 06:45 PM (IST). The review of the proposal for the Valuefirst Overseas acquisition was conducted during this session.TANLA Stock Price Movement Shares of Tanla Platforms Limited slipped on Wednesday, closing at ₹561.6 after shedding 0.1% or ₹0.55 from...

Sahyadri Industries Announces Final Dividend of INR 1.5 Per Share for FY 2025-26 Sahyadri Industries Limited has declared a final dividend of INR 1.5 per equity share for the Financial Year 2025-26, subject to approval by members at the company's forthcoming 32nd Annual General Meeting.The decision was made by the Board of Directors during its meeting held on May 09, 2026. The dividend payment is associated with the Company’s 32nd Annual General Meeting and relates to the performance of Financial Year 2025-26.Sahyadri Industries Limited provided key details regarding the corporate action, which includes the record date and the scheduled payment date for the final dividend.Key details concerning the dividend are presented below...

Encompass Design India Board Approves Preferential Issue of Up To 38 Lakh Shares Worth Rs 95 Crore Encompass Design India Limited announced that its Board of Directors has approved a significant fund-raising initiative through a preferential issue of equity shares. The decision was made during a Board meeting held on July 22, 2026.The company approved the issuance of up to 38,10,000 Equity Shares of face value Rs 10 each at an issue price of Rs 250 per share. This preferential issue is designated for consideration in cash and targets both Promoter and Non-Promoter categories. The total aggregate value of the securities proposed for issuance amounts to Rs 95,25,00,000 (Ninety-Five Crores Twenty-Five Lakh Only).In addition to...