Markets

NCLT Allows First Motion Application for Amalgamation of ADI BPO Services Limited with MPS Limited The National Company Law Tribunal (NCLT), Chennai Bench, has passed an order allowing the First Motion Application regarding the Scheme of Amalgamation between ADI BPO Services Limited (the Transferor Company) and MPS Limited (the Transferee Company). The order, issued on July 2, 2026, pertains to applications CA(CAA)/45(CHE)2026 and CA(CAA)/49(CHE)2026.The scheme involves the amalgamation of ADI BPO Services Limited into MPS Limited as a going concern. Under the proposed arrangement, the Transferee Company will issue and allot 1,16,90,615 equity shares of MPS Limited, each with a face value of INR 10, to the equity shareholders of ADI...

Zepto IPO Sees Massive Interest as Norges and Motilal Oswal Lead Anchor Book Bids Quick commerce giant Zepto is witnessing a significant surge in investor interest as its initial public offering (IPO) gains traction from prominent global and domestic players.Sources familiar with the developments have confirmed that the Norwegian sovereign wealth fund, Norges, and Motilal Oswal have submitted bids to participate in the funding round.These two heavyweights are expected to secure a significant portion of the debut offering, potentially covering between 40 percent and 45 percent of Zepto’s anchor book.While the IPO process remains ongoing, several other top mutual funds have expressed keen interest in placing bets on the quick...

Parsvnath Developers Limited Announces Resignation of Three Independent Directors Parsvnath Developers Limited has announced the resignation of three Independent Directors from its Board of Directors, effective July 14, 2026. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) as per an order dated April 30, 2026, issued by the National Company Law Tribunal, New Delhi Bench.The resignation of the directors follows the appointment of Mr. Manoj Kumar Anand as the Interim Resolution Professional (IRP) to manage the affairs of the Corporate Debtor as a going concern. The IRP remains in office as the Resolution Professional following a meeting held on June 10, 2026.Details of Resignations The three...

IFCI Ltd to Review Financial Results for Quarter Ended June 30, 2026 IFCI Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 11, 2026, to deliberate on and approve the company's financial performance. The primary agenda for this board meeting includes the review and approval of both the Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.In connection with the upcoming announcement of these financial results, the company has implemented a closure of the trading window. This measure will remain in effect until Thursday, August 13, 2026.The timeline for the corporate action is outlined below:EventScheduled DateBoard Meeting for Financial Results ReviewAugust 11, 2026...

Gandhi Special Tubes Limited Provides Web Link for Annual Report and AGM Notice Gandhi Special Tubes Limited has initiated a communication process to provide shareholders with access to the Annual Report for the financial year 2025-2026 and the notice of the 4th Annual General Meeting. This measure is specifically intended for members who have not registered their email addresses with the Company, the Registrar and Share Transfer Agent, or the Depositories.The company has issued a letter containing a specific web link to ensure all shareholders can access the necessary documentation. The details regarding the annual report are hosted on the official company website.Accessing Annual Report Details Shareholders can access the...

Jagsonpal Pharmaceuticals Completes Acquisition of 85% Stake in Aequitas Healthcare Private Limited Jagsonpal Pharmaceuticals Limited has successfully completed the acquisition of an 85% equity stake in Aequitas Healthcare Private Limited. This transaction follows a series of updates provided by the company regarding the proposed investment, which were initially announced on June 29, 2026, with subsequent progress reports shared on July 7, 2026, and July 8, 2026.The acquisition marks a significant milestone in the company's portfolio expansion as it secures the majority ownership in Aequitas Healthcare Private Limited. The completion of this transaction follows the formal proposal to acquire the specified equity stake, bringing the...

SKP Securities Ltd to Review First Quarter Financial Results in Upcoming Board Meeting SKP Securities Limited has scheduled a meeting of its Board of Directors to review and approve the company's un-audited financial results for the first quarter ending June 30, 2026.The board meeting is set to take place on Saturday, July 25, 2026, at 10:00 A.M. The proceedings will be held at BioWonder, Level 17, 789 Anandapur, EM Bypass, Kolkata.As part of the standard procedure surrounding the release of quarterly results, the trading window for dealing in the equity shares of SKP Securities Limited remains closed. This window is scheduled to reopen 48 hours after the financial results are made public.Stock Price Movement SKP Securities Ltd...

Shera Energy Limited Appoints Anil Rander as Additional Non-Executive Director Shera Energy Limited has announced the appointment of Mr. Anil Rander as an Additional Non-Executive Director of the company, effective July 17, 2026. The decision was finalized by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.Mr. Rander joins the board with a mandate to provide strategic oversight in corporate finance, mergers and acquisitions, and corporate governance. He is appointed as an Additional Non-Executive Director liable to retire by rotation.Professional Background and Expertise Mr. Anil Rander is a Chartered Accountant who brings over 30 years of experience in diverse financial sectors...

Jindal Mobilitric to Begin Commercial Operations with R40 Electric Scooter Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited (JWL), is set to launch commercial operations for its first electric scooter, the R40. The move marks a strategic expansion into India’s growing electric vehicle sector as part of the company's diversification efforts into sustainable transportation.The R40 model was developed through internal research and development at Jindal Mobilitric. The scooter is designed to offer high performance, safety, and affordability, with a claimed range of 165 kilometres on a single charge. The vehicle is currently in the final stages of homologation, and the company anticipates starting commercial...

Om Infra Limited Emerges as Lowest Bidder for Rs. 482.27 Crores Water Resource Project in Rajasthan Om Infra Limited has secured the position of the Lowest Bidder (L1) for a significant water resource project in Rajasthan. The project, initiated by the Water Resource Department (WRD), Rajasthan, involves a major EPC Turnkey contract for the construction of a dam and the development of a pressurized irrigation network under the Andheri Medium Irrigation Project in the Baran District.The scope of the work includes the survey, design, construction, operation, and maintenance of the dam and the piped network canal system. The project is designed to irrigate the command area of the Andheri Medium Irrigation Project located in Tehsil...

WeWork India Management Limited Releases Q1 FY27 Earnings Call Recording WeWork India Management Limited has released the audio and video recordings of its earnings call for the first quarter of the fiscal year 2027. The call took place on July 17, 2026.The company has made these recordings available to the public through its official website. Interested parties can access the content via the investors relations section of the company's web portal. This release provides a record of the discussions and information shared during the quarterly earnings proceedings.WEWORK Stock Price Movement WeWork India Management Limited shares tumbled by 6.68% to settle at ₹677.95 today. The stock saw heavy activity with a turnover of 2.80 million...

Poonawalla Fincorp Reports 20.8% QoQ Growth in Profit for Quarter Ended June 30, 2026 Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC specializing in consumer and MSME finance, has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant rise in profitability, with Profit After Tax (PAT) climbing to ₹ 308 crore in Q1FY27, representing a 20.8% growth compared to the ₹ 255 crore recorded in Q4FY26.The company maintained an Assets Under Management (AUM) position of ₹ 67,054 crore. Net Interest Income (NII), which includes fees and other income, grew by 10.9% QoQ to reach ₹ 1,415 crore. During the same period, the Return on Assets (RoA) strengthened to...

Manipal Hospitals Slashes IPO Valuation to $8.3 Billion Amid Global Market Turbulence Manipal Health Enterprises Ltd., the prominent operator of the Manipal Hospitals chain, is reportedly revising its valuation downward for its upcoming initial public offering.The company is now seeking a valuation of approximately Rs 80,000 crore ($8.3 billion) for the listing. This move marks a significant pivot from the $10 billion to $12 billion range originally floated in April.Market sources indicate that the revision reflects a more cautious investor sentiment currently pervading large public offerings. This shift comes as heightened tensions in the Middle East continue to spark turbulence across global financial markets.Strategic Valuation...

Jindal Mobilitric to Commence Commercial Operations of R40 Electric Scooter in July 2026 Jindal Mobilitric Private Limited, a subsidiary of Jindal Worldwide Limited (JWL), is set to begin commercial operations with its inaugural electric scooter, the R40. This move marks a strategic expansion into India's rapidly growing electric vehicle (EV) sector.The R40 has been developed through internal research and development at Jindal Mobilitric. The scooter features a claimed range of 165 kilometres on a single charge and is designed to balance performance, safety, and affordability for Indian consumers.The vehicle is currently in the final stages of homologation. The company expects to begin commercial dispatches starting in July 2026...

Bata India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Bata India Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. The report provides a comprehensive overview of the company's operational impact on the economy, environment, and society, highlighting its commitment to sustainable development.Operational Overview and Market Presence Bata India Limited operates as a major retailer in the footwear industry. The company’s business activities are divided between retail trading (78.1% of turnover) and wholesale trading (21.9% of turnover). Footwear products account for 93% of the entity's total turnover.The company...

Transteel Seating Technologies Limited Secures Modular Furniture Order from CBRE South Asia Transteel Seating Technologies Limited has secured a domestic order for the supply of modular furniture from CBRE South Asia Pvt Ltd. The contract involves the provision of furniture solutions and is scheduled for completion within a 40 day timeframe.The company received the order for an amount of Rs. 39,54,522 excluding taxes. According to the terms of the agreement, neither the promoters nor any group companies hold any interest in the entity that awarded the contract. Additionally, the transaction does not fall under the category of a related party transaction.The key details of the contract are outlined in the table below...

Transteel Seating Technologies Limited Secures Modular Furniture Order from CBRE South Asia Transteel Seating Technologies Limited has secured a new business order for the supply of modular furniture. The contract was awarded by domestic entity CBRE South Asia Pvt Ltd.The transaction involves an order value of Rs. 39,54,522 (excluding taxes). The company is expected to complete the execution of this contract within a timeframe of 40 days as per the agreed contractual timeline.The following table provides a summary of the contract details:CategoryDetailsClient EntityCBRE South Asia Pvt LtdNature of OrderModular FurnitureContract TypeDomesticTotal ConsiderationRs. 39,54,522 (Excluding taxes)Completion Timeline40...

B2B Software Technologies Limited Announces Quarterly Financial Results and Key Leadership Changes B2B Software Technologies Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a profit for the period, reflecting steady performance across its Information Technology and related services segments.Financial Performance Overview For the quarter ended June 30, 2026, the company reported a standalone revenue from operations of 364.98 lakh. The net profit for the period stood at 63.10 lakh compared to 9.97 lakh in the quarter ended March 31, 2026.On a consolidated basis, the company reported revenue from operations of 738.99 lakh. The consolidated profit for the period was 91.61...

B2B Software Technologies Ltd Announces Quarterly Financial Results and Leadership Changes B2B Software Technologies Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a net profit of Rs. 63.10 Lakhs on a standalone basis for the three-month period ending June 30, 2026.On a consolidated basis, the company recorded a profit of Rs. 91.61 Lakhs for the same period. The financial results were reviewed by the statutory auditors and approved by the Board of Directors during their meeting held on July 17, 2026.Financial Performance Overview The following table summarizes the standalone financial performance of B2B Software Technologies Limited for the quarter ended June 30...

Everest Industries Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Everest Industries Ltd has scheduled a meeting of its Board of Directors to be held on July 27, 2026. The primary agenda for the session includes the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.The company remains in a period of restricted trading activity following the closure of its trading window. The Trading Window for dealing in the shares of Everest Industries Ltd remains closed from July 1, 2026, to July 29, 2026, including both dates.EVERESTIND Stock Price Movement Everest Industries Limited shares today slipped by 0.66% to settle at ₹487.55 in post-market...