Markets

Arbitration Award Against Span Divergent Ltd: Company Faces Claimed Loss of INR 24,55,614 Span Divergent Limited has received an adverse arbitration award amounting to INR 24,55,614, along with simple interest at 12% per annum, as awarded by The Gujarat High Court Arbitration Centre. The judgment was issued on July 02, 2026.The arbitral award relates to a dispute arising from an employment agreement involving the Claimant, Pareshkumar Prabhudas Patel, and the Respondents, M/s Span Divergent Limited, M/s Aranya Agri Biotech LLP, and Viral Pradipkumar Desai.As per the details provided by the Arbitration Centre, the award was passed against the company. The interest calculation covers the period from August 09, 2019, until July 02...

Manager of Embassy Office Parks REIT Finalizes Trading Plan for Unit Sale Embassy Office Parks REIT has finalized a trading plan for one of its managers who is entitled to units under an incentive plan. The plan, which permits the sale of the units, was approved on July 06, 2026.The trading plan involves Mr. Rahul R Parikh, Head - Treasury of Embassy Office Parks Management Services Private Limited (EOPMSPL), and serves as Manager to Embassy Office Parks REIT. Mr. Parikh is entitled to these units through options granted under the Unit-based Employee Incentive Plan 2020, which was adopted by EOPMSPL.EMBASSY Stock Price Movement Today, shares of Embassy Office Parks REIT edged higher in the market, closing at ₹448.34 after posting a...

Kody Technolab Appoints Milan Shah as Additional Non-Executive Independent Director Kody Technolab Limited has appointed Mr. Milan Shah as an Additional Director, holding both a Non-Executive and Independent designation. The appointment was approved by the Board of Directors during a meeting held on July 6, 2026.Mr. Shah will serve for a period of five consecutive years, effective from July 06, 2026, until July 05, 2031, subject to the approval of the company's members. The decision was made following the recommendation of the Company's Nomination and Remuneration Committee.The appointment introduces a seasoned finance expert to the board. Mr. Milan Shah is identified as a Chartered Accountant and Company Secretary, bringing over 40...

Morepen Laboratories Limited Announces Resignation of General Manager - Process Engineering & Technology Transfer Morepen Laboratories Limited has announced a change in its Senior Management Personnel following the resignation of Mr. Bhola Prasad. Mr. Prasad, who held the position of General Manager - Process Engineering and Technology Transfer, resigned from the company due to personal reasons and his intention to pursue career growth outside the organization.Mr. Bhola Prasad's cessation from Morepen Laboratories Limited was effective as of July 6, 2026. As a functional head and part of the senior management team, his departure marks an internal personnel change within the pharmaceutical company.The details regarding the transition...

Om Power Transmission Approves Subsidiary Incorporation and Large Scale Borrowing Proposal Om Power Transmission Limited has approved several strategic initiatives following the meeting of its Board of Directors held on July 06, 2026. Key decisions include proceeding with the incorporation of a new subsidiary in India and approving proposals for shareholders to consider significant corporate actions via Postal Ballot.The board approved the proposal for incorporating a new subsidiary, which is planned to be incorporated under the name OPTL Green Energy Private Limited or an approved alternative name. This venture falls within the renewable energy industry and will focus on developing, owning, constructing, operating, maintaining, and...

Rahil Thaker Resigns as Non-Executive Independent Director of Maximus International Ltd Maximus International Ltd has announced the resignation of Mr. Rahil Thaker from his position as Non-Executive Independent Director (NEID). The departure, which is effective from the close of business hours on July 6, 2026, is attributed to personal and unavoidable circumstances.As a direct consequence of this change, Mr. Thaker will also cease to be a member of both the Audit Committee and the Nomination & Remuneration Committee of Maximus International Ltd. The company has confirmed that there are no material reasons for his resignation apart from those stated.Mr. Thaker's tenure is noted in connection with other directorial duties. He holds a...

SEPC Limited Increases Authorized Capital and Announces Acquisition of Abu Dhabi-based Engineer Firm SEPC Limited has approved significant corporate restructuring, including a substantial increase in its authorized share capital and limits for borrowing and investment. Furthermore, the company announced plans to acquire up to 90% of the shares in Avenir International Engineers and Consultants LLC, based in Abu Dhabi.The Board of Directors considered and approved several material business actions designed to support the company's expanded operational scope and strategic international ventures on July 6, 2026.Corporate Capital and Transactional Limits Increase SEPC Limited’s authorized share capital was increased from Rs...

Suryoday Small Finance Bank Announces Board Meeting Date for Q-1 Results Approval Suryoday Small Finance Bank Ltd has announced the date for its Board of Directors meeting, which is scheduled to consider and approve the Unaudited Financial Results for the Quarter (Q-1) ending June 30, 2026. The meeting is set to take place on Thursday, July 23, 2026, in Navi Mumbai.The board meeting is designated to review and approve the comprehensive financial performance of the bank for Q-1, which concluded on June 30, 2026.In addition to the management meeting, the Bank provided updates regarding its trading window status following a previous intimation. The Trading Window for dealing in Securities of Suryoday Small Finance Bank by Designated...

Kellton Tech EU Limited Approves Joint Venture with Kuwait’s Action Energy Company Kellton Tech Solutions Limited, through its wholly owned subsidiary, has confirmed the formation of a strategic joint venture (JV) with Action Energy Company K.S.C.P. (AEC) of Kuwait. The partnership focuses on operations across the Gulf Cooperation Council (GCC) region.The JV structure is set up with AEC holding 51% of the equity share capital, while Kellton Tech EU Limited will hold the remaining 49%. This agreement was approved by the Board of Directors of Kellton Tech EU Limited in a meeting held on July 06, 2026.The joint venture is initially slated for a period of five years, with terms allowing for automatic renewal upon the completion of...

Shri Jagdamba Polymers Ltd Announces Key Board Changes: Ramakant Bhojnagarwala Designated as Chairman; Two New Independent Directors Appointed Shri Jagdamba Polymers Ltd announced several significant changes in its board composition and committee structure following a Board meeting held on July 06, 2026. The decisions included the resignation of long-serving directors, the cessation of an independent director's term, and the appointment of two new independent directors, alongside the redesignation of existing leadership.Effective immediately, Mr. Vikas Shrikishan Agarwal resigned from his post as a Director due to other professional commitments. Simultaneously, Mr. Maheshkumar Gaurishanker Joshi completed his two terms as an...

Tirupati Fincorp Ltd's Server Infrastructure Compromised in Cyber Security Incident Tirupati Fincorp Ltd has announced that its entire server infrastructure was compromised due to a cyber security incident that occurred on July 03, 2026. As a direct result of the attack, the company’s operational systems and data have been significantly impacted.The integrity of Tirupati Fincorp's systems has been affected following the cybersecurity breach. The incident resulted in the loss and inaccessibility of the company's server, email system, and all data maintained from July 03, 2026, onwards.In response to the compromise, the company has initiated appropriate containment and recovery measures. Tirupati Fincorp is working with technical...

Jayant Infratech Appoints Dr. Tavinderpal Singh Arora as Additional Independent Director; Reconstitutes Key Committees Jayant Infratech Ltd., in a move focused on strengthening its governance framework, has appointed Dr. Tavinderpal Singh Arora as an Additional Non-Executive Independent Director. The company's Board of Directors held a meeting on July 6, 2026, and adopted several key resolutions concerning committee structure and essential external appointments.The Board unanimously approved the appointment of Dr. Tavinderpal Singh Arora (DIN: 09043185) as an Additional Director designated as a Non-Executive Independent Director. This appointment is effective from July 6, 2026, for a term of five years, subject to shareholder...

South West Pinnacle Exploration Secures Coal Exploration Project with CMPDI South West Pinnacle Exploration Limited has secured a Letter of Award (LOA) from the Central Mine Planning and Design Institute Ltd. (CMPDI) for undertaking detailed coal exploration services in Jharkhand state.The contract awarded by the Mini Ratna Public sector Company, which is a wholly owned subsidiary of Coal India Ltd., provides significant strengthening to South West Pinnacle’s order book.According to the details of the engagement, the aggregate value of the work, including GST, amounts to approximately 5.89 Crores.The project timeline for completing the detailed exploration services is set at 180 days. The revenue generated from this contract is...

Waterways Leisure Tourism Ltd Board Meeting Scheduled to Discuss Share Sub-division Waterways Leisure Tourism Ltd (formerly known as Waterways Leisure Tourism Private Limited) has scheduled a meeting of its Board of Directors to consider a proposal regarding the sub-division of the company's equity shares.The Board meeting is set for July 10, 2026. During this meeting, directors are expected to review and approve, subject to necessary approvals from Shareholders and other regulatory bodies, a proposal concerning the face value of the company's Equity Shares.In addition to the board meeting announcement, the company provided an update on its insider trading policy. The trading window for Designated persons, Insiders, employees, and...

B.P. Capital Limited qualifies for Corporate Governance exemption based on financial metrics B.P. Capital Limited has qualified for an exemption from certain corporate governance provisions after reviewing its paid-up equity share capital and net worth against prescribed thresholds over the last three financial years.The company met the criteria, as its paid-up equity share capital did not exceed ₹10.00 Crore (Rupees Ten Crore) and its net worth did not exceed ₹25.00 Crore (Rupees Twenty-Five Crore), based on the audited financial statements for the three preceding years.The financial performance data detailing B.P. Capital Limited's paid-up equity share capital and net worth is as follows:ParticularsAs on 31st March, 2026As on...

VIP Industries Limited Board Allots 1,850 Shares Under Employee Stock Appreciation Rights PlanVIP Industries Limited has approved the allotment of 1,850 fully paid up equity shares in connection with the exercise of Employee Stock Appreciation Rights (ESAR) under the VIP Employees Stock Appreciation Rights Plan, 2018.The Board of Directors of VIP Industries Limited sanctioned the allotment on July 06, 2026. The newly allotted shares were issued at a price of Rs. 2/- each and rank pari-passu with the existing equity shares of the company.This transaction results in an increase to the overall equity base of the company.The details regarding the change in the equity base are as follows:MetricPrevious Equity BaseAllotment...

IKIO Technologies Ltd States All Disclosures Compliant Amid Volume Movement Inquiries IKIO Technologies Ltd has issued a statement clarifying its compliance regarding significant movement in the volume of its security across exchanges. The company confirmed that it has fulfilled all disclosure requirements concerning the stock's price and volume behavior, stating that no pending information exists that could influence market activity.The clarification addresses inquiries regarding the increase in trading volume for IKIO Technologies Ltd securities. The Company stated that it has been strictly compliant with applicable regulations by filing relevant announcements within the stipulated timeframe, confirming that all required disclosures...

Cupid Breweries And Distilleries Schedules Board Meeting to Approve Q1 Financial Results Cupid Breweries And Distilleries Ltd has scheduled a board meeting to review and approve its un-audited financial performance for the quarter ended June 30, 2026. The company will hold the meeting on Thursday, July 9, 2026.The purpose of the meeting is to consider and approve the Un-audited standalone and consolidated financial Results of the Company. Furthermore, the agenda includes reviewing the Limited Review Report provided by the Auditor for the same quarter.Stock Price Movement Cupid Breweries And Distilleries Ltd. shares settled at ₹32.63 on Monday, edging higher by 0.77% at the close of trading. The equity experienced a volatile session...

Anlon Technology Solutions Approves New Director Appointments and Re-appoints Auditors Anlon Technology Solutions Limited announced several key outcomes following its Board of Directors meeting held on July 6, 2026. The board ratified significant appointments, including a new Independent Director, approved the re-appointment of the Statutory Auditor, and addressed the resignation of an existing director.The board decisions included the appointment of Mr. Alex Mathew (DIN: 11806031) as an Additional Director designated as Non-Executive Independent Director of the company. This position, effective from July 6, 2026, is for a first term of five consecutive years, running until July 5, 2031, pending shareholder approval at the ensuing...

JK Lakshmi Cement Reports on Sustainability and Operations with Focus on ESG Risk Mitigation for FY 2025-26 JK Lakshmi Cement Limited released its Business Responsibility and Sustainability Report (BRSR) covering the Financial Year 2025-26. The report details the company's operational scale, resource consumption metrics, environmental initiatives, and commitment to social responsibility, with a significant focus on managing climate change and supply chain risks.The company has maintained its strong position in cement manufacturing, reporting a turnover of `6879.10 Crore and a net worth of `3929.80 Crore for the fiscal year. JK Lakshmi Cement operates through 3 integrated cement plants and 4 grinding units across the country, serving...