Markets

Sunteck Realty Approves Quarterly Results; Sets Fund Raising Limit at 2,250 Crores Sunteck Realty Limited announced that its Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2026. The Board meeting also approved an enabling resolution to raise funds across various modes up to an overall limit of Rs. 2,250 Crores.The company's financial performance was reviewed by independent auditors. In addition to reviewing operations, management provided details on key non-current assets and investments during the quarter.Financial Performance Review The consolidated results for the quarter ending June 30, 2026, reflected total income of Rs. 20,202.95 lakhs. The company...

Kridhan Infra Limited Announces Major Management Changes, Appoints New Directors and Key Personnel Kridhan Infra Limited announced several key changes in its management structure following a Board meeting held on July 21, 2026. The company appointed three new directors and the Company Secretary and Compliance Officer, while acknowledging the resignation of Mr. Gautam Suri as Managing Director.The board actions included the appointment of Mr. Badatala Sreenivasa Rao, Mr. Krishnaprasad Sunder Rao, and Mr. Mithlesh Jaiswal to various directorial roles. Concurrently, Ms. Ekta Rathod was appointed as the Company Secretary and Compliance Officer and Key Managerial Personnel.New Director Appointments The appointments of the new directors...

Sagility Limited Re-appoints PricewaterhouseCoopers Services LLP as Internal Auditor Sagility Limited has confirmed that its Board of Directors has approved the re-appointment of PricewaterhouseCoopers Services LLP to serve as the company's Internal Auditor. This decision follows the recommendation of the Audit Committee.The engagement with PricewaterhouseCoopers Services LLP is scheduled to begin on October 01, 2026, and will span a term concluding on March 31, 2028.PricewaterhouseCoopers Services LLP possesses extensive expertise in the consulting domain, particularly concerning Internal Audit and controls testing. The firm utilizes skilled professionals who have experience within the sector and integrates advanced tools and...

Mega Flex Plastics Limited Reappoints Mr. Mohan Lal Parakh as Whole Time Director Mega Flex Plastics Limited has confirmed the re-appointment of Mr. Mohan Lal Parakh as a Whole Time Director, following approval by its Board of Directors on July 21, 2026. The appointment is set for a term of five consecutive years.The decision follows recommendations from the Nomination and Remuneration Committee and the Audit Committee of the company. Mr. Parakh’s tenure will run from June 29, 2027, to June 28, 2032. The re-appointment is subject to the subsequent approval of shareholders at the Annual General Meeting.Mr. Parakh has affirmed that he is not debarred from holding office under the Companies Act, 2013, or any order issued by relevant...

Orkla India Receives Show Cause Notice Regarding GST, Faces Demand of Rs 8,40,82,951 Orkla India Limited has received a Show Cause Notice (SCN) from the Commercial Taxes Department concerning issues related to the TNGST and CGST Acts. The notice proposes a total demand amounting to Rs 8,40,82,951/- for the Financial Year 2023-24.The SCN, received by the company on July 20, 2026, was issued by the Office of the Assistant Commissioner (ST) in Chennai. The demand encompasses a tax liability of Rs 5,23,57,426/-, along with proposed interest amounting to Rs 2,64,39,783/- and a penalty of Rs 52,85,742/-.The allegations raised by the Commercial Taxes Department relate primarily to Input Tax Credit (ITC) matters, the reversal of common ITC...

SML Mahindra Reports Strong Growth in CV Sector; Focuses on ILCV Market Leadership and HCV Expansion SML Mahindra Limited reported a strong performance in its Truck and Bus division during the presentation delivered by the Chairman at the 42nd Annual General Meeting held on July 21, 2026. The company reaffirmed its strategy to grow into the top three players in India's ILCV Trucks & Buses market, while simultaneously strengthening its focus on High-Value Commercial Vehicles (HCV).The data presented highlighted robust growth across both cargo and passenger vehicle segments within the Mahindra’s Truck & Bus business. For the division, volume grew by 10%, with revenue showing a rise of 13%. The company recorded a Profit After Tax (PAT)...

Revolutionizing Trading Hours: London Stock Exchange Targets Nighttime and Round-the-Clock Markets The future of financial markets is poised for a radical shift as the London Stock Exchange (LSE) unveils plans for LSE 24, a dedicated night-time trading platform. This initiative represents a significant move toward breaking traditional market operating hours, potentially paving the way for full round-the-clock equity trading in the coming years.The new exchange will operate separately from the LSE's main market. Initially, LSE 24 will offer access to exchange-traded products (ETPs), specifically funds tracking UK or U.S. stock markets. CEO Julia Hoggett stated that while this is the initial focus, other securities such as equities...

Chip Stocks Power Rally as Wall Street Indexes Surge Ahead of Tech Earnings Frenzy Wall Street's major indices opened higher on Tuesday, buoyed by a robust performance from the semiconductor sector. As investors prepare for crucial tech earnings reports that will define the trajectory of the AI trade, technology-focused shares extended their recovery trend following previous selloffs.The Nasdaq Composite led the market rally, showing strong momentum. It climbed 264.5 points, or 1.04%, reaching 25,772.549 at the opening bell. This significant rise reflects sustained investor confidence in technology and innovation stocks.Semiconductor Strength Drives Market Gains The renewed focus on chip stocks provided a powerful lift to the...

Sagility Reports Strong Q1 FY27 Results; Revenue Grows 27.6% YoY as Adjusted EBITDA Reaches 24.0% Bengaluru, India | July 21, 2026 – Sagility Limited (NSE: SAGILITY, BSE: 544282), a global healthcare operations partner, announced its consolidated financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, with revenue from operations reaching INR 19,634.83 million, representing a 27.6% increase year-over-year (YoY).The company showcased significant operational and strategic achievements during the quarter, including expanding its client base and strengthening its capabilities through an acquisition in the healthcare quality sector.Financial Performance Highlights Sagility's...

Jainik Power Cables Approved Issuance of Convertible Warrants and Increase in Authorized Capital Jainik Power Cables Limited, formerly known as Jainik Power And Cables Limited, announced that its Board of Directors approved two significant corporate actions: a fund raising initiative through convertible warrants and an increase in the company's authorized capital. These decisions are subject to shareholder approval.The board meeting, held on July 21, 2026, considered and approved the proposal for issuing up to 3,00,000 Convertible Warrants. The warrants were set at a price of Rs. 151.50 per warrant. Upon conversion, these warrants carry the right to acquire one Equity Share of the company, which has a face value of Rs. 10, and carries...

Bombay Burmah Trading Corporation Completes Land Handover as Supreme Court Lease Rent Dispute Continues The Bombay Burmah Trading Corporation Limited (BBTC) has completed the handover of remaining plantation land and associated structures to the State Forest Department, marking a significant operational milestone in the long-running legal dispute regarding its tea estate in Singampatti, Tamil Nadu. The corporation recently filed an Interlocutory Application before the Supreme Court seeking to expunge specific lease rent observations from the court’s order dated May 29, 2026.The Corporation had operated a tea estate on the land under a 99-year lease agreement dating back to February 12, 1929. In December 2023, BBTC determined that...

Sammaan Capital Limited Pays Interest and Completes Redemption of Secured NCDsSammaan Capital Limited has finalized the payment of interest and the full redemption of its Secured Redeemable Non-Convertible Debentures (NCDs) issued on a private placement basis. The company successfully paid the principal and interest amount concerning these debentures.The payments pertain to NCDs identified by ISIN INE148I07FJ9. Sammaan Capital Limited ensured timely completion of both the annual interest payment and the full redemption, concluding the obligation period for the instrument.Details regarding the interest payment made on the debentures are presented below:ISINIssue Size (in INR lacs)Interest Amount Due (in INR lacs)FrequencyActual...

Seamec Limited to Acquire SEAMEC ANANT from HAL Offshore for USD 70 Million Seamec Limited has entered into a Memorandum of Agreement (MOA) with HAL Offshore Limited for the purchase of the vessel, SEAMEC ANANT. The transaction was formalized on July 21, 2026.The acquisition involves Seamec Limited purchasing the Vessel SEAMEC ANANT (IMO No.: 9412206) from HAL Offshore Limited for a consideration of USD 70 million.HAL Offshore Limited is identified as the Holding Company of Seamec Limited, making this transaction a related party purchase. The company confirmed that the purchase is considered in the normal course of business and was conducted at arm's length.The delivery of the vessel is anticipated around August 31, 2026, pending...

Mold-Tek Packaging Ltd to Approve Q1 Financial Results at Board Meeting on July 27, 2026 Mold-Tek Packaging Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the first quarter ending June 30, 2026.The Board meeting is set to take place on Monday, July 27, 2026, with the objective of considering and approving the company's performance during the specified quarter.In addition to the board event, the company has also provided an update regarding its trading window. The trading window was closed starting July 01, 2026. This closure will remain until July 29, 2026, which is the end of 48 hours following the declaration of the unaudited financial results for the first quarter...

GlobalPay Launches Connect Platform to Scale Forex Card Distribution Ecosystem in India Mumbai, July 20, 2026: WSFx Global Pay Ltd (GlobalPay), a leading entity in global payments and foreign exchange services in India, announced the launch of GlobalPay Connect. The new initiative is a strategic platform designed to expand India's forex distribution ecosystem by empowering licensed financial institutions to become Authorized GlobalPay Forex Card Distributors.The GlobalPay Connect platform enables various established businesses to offer GlobalPay’s secure, multi-currency forex card solutions as part of their product offerings. This includes Authorized Dealer Category-II (AD II) Forex Dealers, Full-Fledged Money Changers (FFMCs), and...

Bhagyanagar India Ltd to Hold Board Meeting to Approve Q2 Financial Results Bhagyanagar India Ltd has scheduled a Board of Directors meeting to review and approve the financial performance for the quarter ended June 30, 2026. The meeting is set to take place on Monday, July 27, 2026.The primary agenda item for the board is the consideration and approval of the Unaudited Standalone and Consolidated Financial Results pertaining to the specified quarter.In addition to the Board meeting, the company has issued an update regarding trading restrictions. The trading window for equity shares of Bhagyanagar India Ltd has been closed for all designated persons, their immediate relatives, and other connected persons. This restriction will...

Kriti Industries Announces 36th AGM for FY 2025-26; Annual Report Available Online Kriti Industries (India) Limited has scheduled its 36th Annual General Meeting (AGM) for the financial year ending March 31, 2026. The meeting is set to take place on Wednesday, August 12, 2026, at 3:00 P.M., and will be held via Video Conferencing (VC)/Other Audio Visual Means (OAVM).The company informed stakeholders regarding the forthcoming AGM, which corresponds to the Financial Year (FY) 2025-26. The notice for the AGM and the Annual Report are available online on the company's website: https://kritiindustries.com/pdf/investor-desk/Annual-Reports/KIIL Annual Report 2025-26.pdf.Kriti Industries also notified shareholders who do not have a...

63 moons technologies approves preferential acquisition of equity in subsidiary Ticker Limited63 moons technologies limited has approved a material related party transaction involving its wholly owned overseas subsidiary (WOS) regarding the acquisition of equity shares in Ticker Limited, a company subsidiary to the listed entity. The transaction involves Financial Technologies Singapore Pte. Ltd. (FTSPL), the WOS, acquiring 2,59,25,926 equity shares of Ticker Limited through a preferential issue.The proposed acquisition is set to occur within three months and aims at deploying surplus treasury funds available with FTSPL.Transaction Details and Financials Under the transaction, FTSPL will purchase the specified number of equity...

SMVD Poly Pack Files Suit Against Oriental Insurance Over Claim Short Payment SMVD Poly Pack Limited has filed a lawsuit against Oriental Insurance Company Limited in the Hon'ble High Court of Kolkata regarding disputes related to an insurance claim payment. The litigation focuses on several aspects of the insurance claim, including short payments and various deductions made by the insurer when calculating the final claim money.The company is also claiming interest on the delayed payment of the insurance claim amount from Oriental Insurance Company Limited.The financial implications and quantum of the claims being pursued by SMVD Poly Pack in this matter are as follows:AspectDetailsOpposing PartyOriental Insurance Company...

Gayatri Highways Ltd Announces Board Meeting for Q1 2026 Financial Results Gayatri Highways Limited has scheduled a meeting of its Board of Directors to review and approve the financial performance for the first quarter ending June 30, 2026. The company also confirmed the closure of its trading window in adherence to insider trading regulations.The Board meeting is slated to be held on Wednesday, August 12, 2026, at the company’s registered office. The primary agenda item for the board includes considering and approving the Un-audited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The meeting will also address other matters as permitted by the chair.In addition to the announcement of the...