Markets

The Federal Bank to Raise Up to Rs 10,000 Crores Through Debt Instruments The Federal Bank has received board approval to raise funds amounting up to Rs 10,000 Crores through the issuance of various debt instruments. The bank intends to source these funds in Indian currency or other permitted foreign currencies via both domestic and overseas markets.The decision was finalized during the board's adjourned meeting held on July 17, 2026. This funding initiative will be executed on a private placement basis and will remain within the overall borrowing limits of the bank.Scope of Debt Instruments The bank is authorized to issue a diverse range of debt securities to facilitate this fundraise. The permitted instruments include, but are not...

West Bengal Medical Services Corporation Cancels L-1 Status of Prostarm Info Systems Limited West Bengal Medical Services Corporation (WBMSC) has cancelled the L-1 bidder status previously awarded to Prostarm Info Systems Limited for two distinct equipment supply contracts. The cancellation affects tenders related to the procurement of power backup systems for medical services in Kolkata.The company had previously been identified as the lowest bidder for the Supply, Installation, Testing, and Commissioning of both 10 KVA UPS units and 6 KVA Single Phase Input and Single Phase Output Online UPS systems. However, the contracts were not executed following the decision by WBMSC to cancel the awards.The details regarding the cancelled...

Disha Resources Limited to Convene Board Meeting to Review Q1 FY2026 Financial Results Disha Resources Limited has scheduled a meeting of its Board of Directors to be held on July 25, 2026, at 4:00 p.m. The primary agenda for the meeting includes the consideration and approval of the unaudited standalone financial results for the first quarter ended June 30, 2026, which will be presented alongside a limited review report.The board will also deliberate on other business matters with the consent of the Chair during the session.In conjunction with the upcoming announcement of the quarterly financial performance, the company has maintained a closed trading window for its securities. The trading window was closed starting July 1, 2026...

Vedant Fashions Limited Announces Reconstitution of Board Committees Vedant Fashions Limited has announced the reconstitution of several key Board committees effective July 17, 2026. The decisions were finalized during a meeting of the Board of Directors held on Friday, July 17, 2026.The reorganization involves the restructuring of the Audit Committee, Risk Management Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee. The updated committee compositions are detailed below:Audit Committee CompositionSl. No.Name of the MemberDesignation1Tarun Puri Independent DirectorMember2Manish Mahendra Choksi Independent DirectorMember3Ravi Modi Chairman & Managing DirectorMemberRisk...

Bazel International Ltd Approves Continuation of Additional Director Appointments Bazel International Ltd has approved the continuation of the appointments of two members to its Board of Directors. The decisions were finalized during a Board meeting held on July 17, 2026.The board approved the continued tenure of Mr. Mayank Ahuja (DIN: 10388943) as an Additional Director (Non-Executive, Non-Independent Director). This appointment is subject to shareholder approval at the upcoming General Meeting or within a three-month period from the date of Board approval, beginning July 17, 2026.Additionally, the Board approved the continuation of Mr. Kawal Singh (DIN: 09223449) as an Additional Director (Non-Executive, Independent Director)...

V-MARC India Limited Announces Strategic Joint Venture for Nepal Market Expansion V-MARC India Limited has announced the establishment of a strategic Joint Venture with Annapurna Rathi Cable Industries Limited, a company incorporated under the laws of Nepal. The collaboration is designed to bolster the Company's international presence, enhance access to new markets and technologies, and create long-term business opportunities within the Power Transmission and Distribution Industry.The Joint Venture, established as the V-MARC-ANNAPURNA JV, will focus on securing business in all sectors within the Republic of Nepal. The primary scope of the agreement involves the manufacturing and supply of Medium Voltage Covered Conductors (MVCC) with...

Central Bank of India Appoints Rajesh Ranjan as Shareholder Director The Board of Directors of Central Bank of India has identified a single valid candidate deemed Fit and Proper for the position of Shareholder Director. Following a review conducted during a board meeting held on July 17, 2026, the bank determined that Shri Rajesh Ranjan is the sole eligible candidate from among the bank's shareholders, excluding the Central Government, in accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.Shri Rajesh Ranjan will assume office as a Shareholder Director for a three-year tenure starting August 1, 2026, and ending July 31, 2029. Due to this determination, the election of one Shareholder Director...

RBI Imposes Strict Restrictions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Following Supervisory Concerns The Reserve Bank of India (RBI) has issued a significant regulatory directive under Section 35 A, read with Section 56 of the Banking Regulation Act, 1949, concerning the Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd. Nashik.This action follows recent material developments within the bank that raised serious supervisory concerns. The RBI has intervened to safeguard the interests of depositors while ensuring the stability of the cooperative banking framework.Critical Restrictions on Lending and Asset Management Effective from the close of business on July 17, 2026, the bank is prohibited from granting or...

Artson Ltd Secures Order from TKIL Industries Private Limited for Rs. 14.63 Crore Artson Ltd has received a Letter of Intent (LOI) for an award valued at Rs. 14,63,00,000 excluding taxes. The contract has been awarded by TKIL Industries Private Limited, based in Pune.The scope of the project involves the design, supply, fabrication, painting, and transportation of structures, specifically involving TT, Conveyor Gallery, and Trestles for JSW - Jaigarh Port Limited in Jaigarh. The order is structured on a unit rate basis per MT.The company is expected to execute the contract over a period of 6 months. This domestic order does not involve any related party transactions, nor do the promoters or group companies have any interest in the...

Sattva Sukun Lifecare Ltd to Rename to Tavexia Lifecare Limited Sattva Sukun Lifecare Limited, formerly known as Mayukh Dealtrade Limited, has initiated a process to change its corporate identity to Tavexia Lifecare Limited. The company issued a corrigendum regarding the notice of its Extra-Ordinary General Meeting (EGM) scheduled for July 22, 2026, to reflect an updated annexure concerning the name change resolution.The decision to rename the company is driven by a branding and business strategy aimed at establishing a more distinctive and market-friendly corporate identity. The management stated that the proposed name, Tavexia Lifecare Limited, better reflects the current and future business activities of the company while...

Bloom Dekor Ltd Appoints Four Independent Directors to Board Bloom Dekor Limited has announced the appointment of four individuals as Additional (Non-Executive Independent) Directors. The appointments were finalized during a Board Meeting held on July 17, 2026. Each appointee is set to serve a five-year term effective from July 17, 2026.The new additions to the board include Mrs. Ruta Rohankumar Soni, Mr. Kiran Bhartabhai Mistri, and Mr. Heera Lal Kumhar. Additionally, Ms. Payal Ravi Banwari has been appointed for a five-year term beginning from the date of her actual appointment or the allotment of a valid Director Identification Number, whichever occurs later.Profile of New Independent Directors The following table outlines the...

Canara Bank Receives Ratings from Fitch and Moody's for Senior Unsecured Notes Canara Bank has received credit ratings from both Fitch and Moody's regarding its senior unsecured notes. The ratings were issued following the bank's tap issuance of U.S.$200,000,000 4.896% Senior Unsecured Notes due September 11, 2029. This issuance will be consolidated with existing obligations to form a single series totaling U.S.$500,000,000.The ratings assigned by the agencies are as follows:Rating AgencyRating CategoryAssigned RatingFitchSenior Unsecured Long-TermBBB-FitchSenior Unsecured Long-Term (XGS)BB(xgs)Moody'sCredit RatingBaa3Fitch Ratings has confirmed that the tap issuance will not result in a withdrawal or downgrade of the...

Canara Bank to Review Quarterly Financial Results in Upcoming Board Meeting Canara Bank has scheduled a Board Meeting to be held on July 27, 2026, at its Head Office in Bengaluru. The primary agenda for this meeting is the consideration and approval of the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The upcoming meeting serves as a key milestone for the bank's reporting cycle, where the financial performance for the June quarter will be evaluated by the Board of Directors. This review covers both standalone and consolidated figures, providing a comprehensive view of the institution's operational health during the period ending June 30, 2026.Trading Window UpdateIn...

Mihika Industries Ltd to Raise Up to Rs. 90 Crore via Rights Issue; Announces Board Reconstitution Mihika Industries Ltd has approved a proposal to raise funds through the issuance and allotment of equity shares, with an aggregate amount not exceeding Rs. 90 Crore. The company plans to execute this fundraise on a rights basis to eligible equity shareholders as of a forthcoming record date.To facilitate this capital infusion, the Board of Directors has approved an increase in the company's authorized share capital. The current authorized share capital of Rs. 10,00,00,000 (Rupees Ten Crores) divided into 1,00,00,000 equity shares of Rs. 10 each will be increased to Rs. 100,00,00,000 (Rupees One Hundred Crores) divided into 10,00,00,000...

Turtlemint Fintech Solutions Limited Announces Audited Financial Results for FY26 and Appoints New Internal Auditors Turtlemint Fintech Solutions Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company also confirmed the appointment of M/s. PKF Sridhar & Santhanam LLP as its internal auditors for the financial year 2026-27.The independent auditor's report issued by S.R. Batliboi & Co. LLP provides an unmodified opinion, stating that the consolidated and standalone financial statements present a true and fair view of the company's financial position in conformity with applicable accounting standards.Financial Performance Overview The consolidated results for the year...

Kshitij Polyline Limited Reports No Deviation in Fund Utilization for Quarter Ended March 31, 2026 Kshitij Polyline Limited has confirmed that there were no deviations or variations in the utilization of proceeds from its Preference Issue during the quarter ended March 31, 2026. The company reported that the funds raised were deployed in accordance with the original objectives disclosed during the fund-raising period.The company raised a total of 26,09,77,592 through a Preferential Allotment on a Private Placement basis. The allotment dates spanned from August 27, 2025, to September 1, 2025, with the subsequent listing occurring on November 14, 2025.The financial details regarding the fund utilization for the period are outlined in...

DCM Shriram Limited Signs Agreement with Serentica Renewables for 58 MW Renewable Power Project DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 Private Limited to develop a 58 MW peak hybrid renewable energy power project. The initiative is primarily intended to support the company's energy-intensive operations at its Bharuch facility in Gujarat.Upon completion of this project, DCM Shriram’s total renewable energy capacity will reach 176 MW (peak) across its combined sites in Bharuch and Kota. The project is expected to be commissioned by June 2027.Investment and Ownership Details Under the terms of the agreement, DCM Shriram Limited will invest up to Rs. 105 crore in one or more...

Astonea Labs Ltd Executes Sale of Commercial Properties in Gurugram Astonea Labs Ltd has completed the sale of its immovable properties located in Gurugram, Haryana. The company executed and registered the Sale Deed on July 17, 2026, for commercial units situated within a prominent IT park.The transaction involves two commercial units, identified as FF-508 and FF-509. Both units are located on the 5th Floor of the multistorey IT Park known as JMD Megapolis, situated at Sohna Road, Sector 48, Gurugram. The properties are positioned within the revenue estate of Village Tikri, Sub-Tehsil Badshahpur, District Gurugram.The properties were sold to a joint purchasing group consisting of Mr. Suresh Kumar Satija and Mrs. Santosh Satija. Each...

WEP Solutions Ltd Announces Demise of Non-Executive Director WEP Solutions Ltd has announced the passing of Mr. Ayyagari Lakshmanarao, who served as a Non-Executive Director of the company. The news was confirmed following his passing on July 17, 2026.The company acknowledged the significant contributions, guidance, and support provided by Mr. Ayyagari Lakshmanarao during his tenure with the organization. His departure is described as an irreparable loss to the company.Following his demise, Mr. Ayyagari Lakshmanarao ceased to hold his position as a Director of the company effective July 17, 2026.Detail CategoryInformationName of the DirectorMr. Ayyagari Lakshmanarao (DIN: 02919040)Reason for ChangeDeathDate of...

3M India Ltd to Review Unaudited Financial Results for Quarter Ended June 30, 2026 3M India Limited has announced that its Board of Directors will convene on August 14, 2026, to deliberate on and approve the unaudited financial results for the quarter concluded on June 30, 2026. The meeting is scheduled to address these financial outcomes along with other corporate matters.In conjunction with the period leading up to the announcement of these results, the company has implemented a trading window closure. The trading window remains closed from July 1, 2026, to August 16, 2026, inclusive of both dates. This measure is in accordance with the established Code of Conduct to Regulate, Monitor and Report Trading by Insiders.The following...