Markets

Aarti Drugs Limited Receives Closure Directive for Amines Manufacturing Unit from GPCB Aarti Drugs Limited has received a closure direction from the Gujarat Pollution Control Board (GPCB) regarding its manufacturing operations of Amines at a plant located in Bharuch, Gujarat. The directive mandates the closure of these specific operations due to non-compliances identified during an inspection by the GPCB.The company received the Closure Directions letter on July 18, 2026. This directive, issued under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974, mandates the closure of the Amines manufacturing operations at the plant situated in Plot No. DP-94 to DP-96, Saykha Industrial Estate, Dist. Bharuch, Gujarat. The...

Reliance Power Targeted in CBI Search Operation Over Financial Transactions Reliance Power Limited has been subject to a search and seizure operation conducted by the Central Bureau of Investigation (CBI) at its registered office premises. The investigation, which is now concluded, pertains to transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited.The company affirmed that it has fully cooperated with the investigating CBI authority and stated that it will continue doing so.According to details released regarding the matter, the search operation was conducted by the Central Bureau of Investigation (CBI). The action focused on alleged violations or contraventions related to transactions involving...

Lohia Corp IPO Opens: See How This Technical Textiles Giant Plans to Seize 40% Market Share Kanpur-based machinery manufacturer Lohia Corp is set to launch its maiden public issue, aiming to attract institutional interest on July 23. The company, a leader in the technical textiles industry, will be offering shares through an Offer for Sale (OFS) component. This IPO marks the third mainboard listing scheduled for that date, alongside Indo-MIM and Xtranet Technologies.The subscription window is set to run from July 23 to July 27. The company has confirmed that this issue will be solely a selling event; there is no provision for fresh shares. All funds generated by the sale of equity shares will go directly to the selling shareholders...

Federal Bank Allots Equity Shares Following Exercise of Stock Options Under Employee Schemes The Federal Bank Limited has completed the allotment of equity shares to Option Grantees following the exercise of stock options under various Employee Stock Option Schemes (ESOS and ESIS). The allotments, which were approved by the Nomination, Remuneration, Ethics and Compensation Committee, concern four distinct schemes.All the specified allotments were executed on July 18, 2026, after the payment of money by the respective allottees. All the allotted equity shares carried a face value of Rs. 2/- each.The details regarding the allotment under the different employee stock option schemes are presented below:Stock Option SchemeDate of...

Univastu India Limited Allots 17,43,399 Equity Shares Pursuant to Warrant Conversion; Capital Increases Univastu India Limited has approved the allotment of 17,43,399 fully paid-up equity shares to eligible warrant holders. This decision was made following a Board meeting held on July 17, 2026, and completes the process initiated from the initial issuance of convertible warrants.The allotment concerns the conversion of warrants that were originally issued on January 17, 2025, at an issue price of ₹216 per warrant. Each warrant is convertible into one fully paidup equity share with a face value of ₹10, contingent upon the holder paying the balance of 75% of the issue price within the specified timeframe.The allotment was carried out...

Shah Foods Ltd Seeks Members' Approval for Name Change, Key Appointments and Strategic Office Shift Shah Foods Ltd has commenced a significant restructuring process, seeking approval from its members through a Postal Ballot concerning major corporate changes, executive appointments, and strategic shifts. The company, which is undergoing a transformation into a new line of business, introduced the resolutions on July 18, 2026, with the remote e-voting period scheduled to run from Sunday, July 19, 2026, until Monday, August 17, 2026.The proposed agenda items before the members cover the appointment of several directors and senior management personnel, as well as approvals for strategic corporate actions including a name change and...

Kotak Mahindra Bank Resumes Unsecured Lending Growth: Prioritizes Asset Quality Over Rapid Expansion Business Segments Return to Growth in June Quarter Kotak Mahindra Bank announced a strong return of growth across several key lending businesses during the June quarter. This includes credit cards, personal loans, unsecured business loans, and microfinance. All these segments have shown improved performance on both sequential and year-on-year metrics.Group Chief Financial Officer Devang Gheewalla emphasized that while growth is returning, the bank has no intention to rush its expansion. He stated that unsecured business lending requires careful balance. The strategy must ensure good growth while maintaining proper credit costs and...

Monarch Surveyors Secures Contract to Prepare Detailed Project Reports for State Highways in Madhya Pradesh Monarch Surveyors and Engineering Consultants Limited has secured a significant contract involving consultancy services for infrastructure development in Madhya Pradesh. The company received a Letter of Acceptance (LOA) from the Madhya Pradesh Road Development Corporation Limited.The project entails providing Consultancy Services for Preparation of Detailed Project Reports (DPRs). These DPRs are designated for various road and bridge projects, including ROBs (Road Over Bridges), Bridges, Flyovers, Bypasses, and Selected Stretches of State Highways within the state of Madhya Pradesh.The total value of this project contract is...

NMDC Ltd Appoints Shri Vivek Nishant Nath as Director (Commercial) NMDC Limited has appointed Shri Vivek Nishant Nath as Director (Commercial), effective July 15, 2026. The appointment is for a period of five years from his assumption of charge or until earlier orders are issued.Shri Nath joins NMDC with significant experience in the mining and metals industry, holding over three decades of expertise across sales, marketing, international commercial operations, procurement, logistics, and supply chain management. There were no disclosures regarding relationships between Shri Nath and other existing Directors on the Board.Experience and Professional Credentials Shri Nath's professional journey includes nearly fifteen years at NMDC...

Zee Entertainment Enterprises Completes Redemption of FCCBs and Cancels Unutilized Commitment Zee Entertainment Enterprises Limited has announced the redemption of its outstanding Foreign Currency Convertible Bonds (FCCBs) and the cancellation of a significant unutilized commitment, signaling major updates regarding its debt structure.The company confirmed that it had redeemed the outstanding FCCBs, along with accrued interest. The total value aggregated for this redemption amounted to USD 23.90 million.In addition to the bond redemption, Zee Entertainment Enterprises Limited announced that the unutilized FCCB commitment has been cancelled. This cancellation pertains to a commitment of USD 215.1 million and occurred following...

Airfloa Rail Technology Faces Enhanced Penalties Following Regional Director Ruling on CSR Non-ComplianceAirfloa Rail Technology Limited has received orders from the Regional Director (RD), Southern Region, Chennai, related to delays in transferring unspent Corporate Social Responsibility (CSR) funds. The RD disposed of appeals filed by the Company and its Directors concerning prior adjudication orders regarding these lapses.The orders, which were passed on July 13, 2026, state that while the Appeals were dismissed, the penalties imposed upon Airfloa Rail Technology and its directors have been significantly enhanced. This modification addresses the original violations of Section 135 related to CSR fund management.The core...

Aarnav Fashions Ltd Announces Board Meeting to Approve Q1 Financial Results and Auditor’s Report Aarnav Fashions Ltd has scheduled a meeting of its Board of Directors to address the financial performance for the first quarter of the fiscal year. The board meeting is slated to take place on Tuesday, July 28, 2026.The primary agenda item for the gathering is the consideration and subsequent approval of the unaudited Financial Results of the company for the quarter that concluded on June 30, 2026. The meeting will also include reviewing the Limited Review Report prepared by the Statutory Auditors for the corresponding period.In addition to the board review, the company confirmed the status of its insider trading restrictions. As per...

Baazar Style Retail Limited Institutes Two Civil Suits in West Bengal Baazar Style Retail Limited, formerly known as Baazar Style Retail Pvt. Ltd., has initiated two civil proceedings before the Learned 1st Civil Judge (Senior Division) at Alipore, District 24 Parganas South, West Bengal. These suits involve claims and allegations concerning the company.The first proceeding, titled Baazar Style Retail Limited v/s Cupid Limited & Anr. (Case Number: T.S. No. 1015 of 2026), involves a suit filed for declaration and other consequential reliefs. The Company has claimed a decree in this matter amounting to Rs. 28,18,00,000. Regarding the financial aspects, no immediate adverse financial implication is presently expected from this lawsuit...

Chairman of Tunwal E-Motors Limited Appointed Vice President of SME Chamber of India Tunwal E-Motors Limited, an Indian electric vehicle manufacturer, announced that its Chairman and Managing Director, Mr. Jhumarmal Tunwal, has been appointed as the Vice President of the SME Chamber of India. The appointment was presented by Mr. Chandrakant Salunkhe, Founder and President of the SME Chamber of India and Manufacturers & Exporters Association of India (MEAI).This significant recognition highlights Mr. Tunwal's considerable contributions to entrepreneurship, manufacturing excellence, electric mobility, and the sustained growth of Micro, Small and Medium Enterprises (MSMEs) in India.Mr. Tunwal has successfully guided Tunwal E-Motors...

Amara Raja Energy Revokes Closure Orders for Andhra Pradesh Manufacturing Facilities Amara Raja Energy & Mobility Ltd has announced the revocation of previous closure orders issued by the Andhra Pradesh Pollution Control Board (APPCB) concerning its manufacturing facilities located in Andhra Pradesh.The APPCB confirmed the revocation of the closure orders, which were initially related to the company's plants situated at Karakambadi in Tirupati District and Nunegundlapalle Village in Chittoor District. The revocation was formalized vide Order No.634/APPCB/HO/ECS/TPT-2021 and Order No.635/APPCB/HO/ECS/TPT-2021, dated July 18, 2026.The company confirmed that there is no financial loss related to this regulatory development.Amara Raja...

Vachi Commercial LLP Acquires 4,00,000 Shares of Continental Securities Limited Through Preferential Allotment Continental Securities Limited has recorded the acquisition of equity shares by VACHI COMMERCIAL LLP, a member of the Promoter Group, through a preferential allotment. The acquisition involves 4,00,000 equity shares, detailed in the relevant transaction records.The shares were acquired by VACHI COMMERCIAL LLP pursuant to the preferential allotment mechanism. This transaction relates to Continental Securities Limited (ISIN: INE183Q01020).VACHI COMMERCIAL LLP holds a significant stake in the company following this acquisition. The ownership structure and transaction details are summarized below, based on the relevant forms...

NATCO Pharma Secures USFDA Tentative Approval for Alembic's Olaparib Tablets Alembic Pharmaceuticals Limited has announced that its partner, NATCO Pharma Limited, has received tentative approval from the United States Food and Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) related to Olaparib Tablets, 100 mg and 150 mg. The approval pertains to the ANDA, which is therapeutically equivalent to Lynparza Tablets, 100 mg and 150 mg, manufactured by AstraZeneca Pharmaceuticals LP for specific indications.Under this partnership structure, Alembic will handle the distribution of the product in the U.S., while its partner NATCO Pharma Limited will be responsible for manufacturing the Olaparib Tablets (100 mg and...

PVV Infra Issues Reminder Notice for First and Final Call on Partly Paid-up Equity Shares PVV Infra Ltd has issued a Reminder Notice to the holders of its partly paid-up equity shares regarding the outstanding First and Final Call Money. The Board of Directors approved the dispatch of the notice at its meeting held on July 18, 2026.The notice outlines the payment requirement for shareholders holding the partly paid-up equity shares (ISIN: IN9428B01029).Financial Summary of Call Money Details regarding the outstanding amount and the per-share call amount are as follows:MetricValueFirst and Final Call Amount per Share₹3.75/-Total Outstanding Shares8,34,88,871 sharesTotal outstanding amount₹ 31,30,83,266/- (Rupees...

Spice Islands Industries Approves Key Director Appointment and Seals Two Major Strategic Ventures Spice Islands Industries Limited, previously known as Spice Islands Apparels Limited, announced several significant decisions following its Board of Directors meeting held on July 18, 2026. The board approved the appointment of a new director and sanctioned two major agreements focused on green energy and packaged drinking water operations.Director Appointment in Green Energy Sector The company’s Board reviewed and approved the appointment of Prof. (Dr.) Gurudayal Singh Toteja as an Additional Director in the category of NonExecutive Independent Director, not liable to retire by rotation. This appointment is subject to the approval of the...

Karnataka Bank Appoints Dr. M Aruna Shyam as Additional Non-Executive Independent Director Karnataka Bank Ltd has appointed Dr. M Aruna Shyam as an Additional Director in the category of Non-Executive, Independent Director following a Board meeting held on July 18, 2026.The appointment grants Dr. M Aruna Shyam the role for a period of four years, effective from July 18, 2026. The Bank’s Board made this decision to bring specialized legal expertise onto its governing body.Key details of the directorial appointment are as follows:ParticularDetailAppointeeDr. M Aruna ShyamDesignationAdditional Director (Non-Executive, Independent)Effective DateJuly 18, 2026Term of AppointmentFour yearsDr. M Aruna Shyam is described...