Markets

Eveready Industries India Ltd Releases Business Responsibility and Sustainability Report for FY 2025-26 Eveready Industries India Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report provides a comprehensive overview of the company’s operations, including its commitment to environmental stewardship, social responsibility, and ethical governance.The data highlights a diverse product portfolio primarily focused on consumer goods, with dry cell batteries accounting for 65% of total turnover. The company maintains a significant domestic presence in India while also expanding its global footprint across nine international countries.Operational and Market Reach During...

Shapoorji Pallonji Group Secures Massive ₹215 Billion Funding Boost to Refinance Debt India's prominent industrial conglomerate, Shapoorji Pallonji Group (SP Group), has successfully finalized a long-delayed fundraising exercise to stabilize its financial position.Sources confirmed on Friday that the group accepted bids totaling ₹215 billion ($2.25 billion) for a three-year rupee bond issue. This significant liquidity injection is primarily intended to refinance the group's existing debt obligations.Strategic Structure of the Rupee Bond Issue The funding was orchestrated through an internal investment mechanism where one SP Group entity invested in another to facilitate the transaction. The group successfully closed the subscription...

Nifty Seesaw as Markets Remain Indecisive Despite Early Gains The Indian equity markets faced a period of extreme volatility and uncertainty for the third consecutive session on Thursday. While the Nifty opened with strong bullish momentum, it struggled to sustain its trajectory throughout the day.Indices ultimately erased their morning gains to conclude the session flat. The market showcased a sideways trajectory during the late afternoon hours, resulting in a negligible decline of 5.75 points or -0.02%.Nifty Experiences Volatile Morning Highs Before Retreating The Nifty index started the day on a positive note, quickly trending higher to establish its high point during the morning session. However, this upward momentum proved...

Omega Interactive Technologies Ltd to Consider Raising Up to 3,200 Crore via Equity Issuance Omega Interactive Technologies Limited has scheduled a Board of Directors meeting on July 31, 2026, to deliberate on a significant proposal to raise up to 3,200 Crore. The company intends to secure these funds through the issuance of equity shares and other eligible securities across one or more tranches.The proposed fundraising may be executed through various permissible modes, including but not limited to Preferential Issue, Qualified Institutions Placement (QIP), Rights Issue, Private Placement, Convertible Warrants, and Convertible Securities. The transaction remains subject to shareholder approval and the receipt of necessary statutory...

Lakhotia Polyesters (India) Ltd Announces Board Changes with Appointment of New Independent Director Lakhotia Polyesters (India) Limited has announced a significant change in its board composition following a meeting held on July 17, 2026. The company confirmed the appointment of Ms. Kajal Dubey as an Additional Director and the resignation of Mr. Nikunj Shrawan Bihani from his position as Non-Executive Independent Director.The appointment of Ms. Kajal Dubey was made based on the recommendation of the Nomination and Remuneration Committee. She joins the board in the capacity of Non-Executive Independent Director for a tenure of five consecutive years. The appointment is subject to the approval of the members of the company and she is...

Radhe Developers (India) Limited Approves Financial Results for Quarter Ended June 30, 2026 Radhe Developers (India) Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and authorized the statements during a meeting held on July 17, 2026.The company confirmed that these financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. The management also noted that the group's operations fall under the construction business, which is considered the sole reportable segment for the company.In addition to the financial approval, the Board approved the Notice of the...

Radhe Developers (India) Limited Approves Unaudited Financial Results for June 2026 Quarter Radhe Developers (India) Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and authorized the results during a meeting held on July 17, 2026.The company confirmed that the financial statements were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. Management identified the construction business as the sole reportable segment for the group's operations.The board also approved the notice for the 32nd Annual General Meeting of the company. The meeting proceedings commenced at 2:30...

Lakhotia Polyesters (India) Ltd Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Lakhotia Polyesters (India) Limited has reported its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements and the accompanying Limited Review Report from the Statutory Auditors during a meeting held on July 17, 2026.The company operates in the manufacturing and trading of Metallic Yarn and Textile Fabrics. The financial results for the current period reflect the operational performance of this single primary business segment.Financial Performance Overview For the quarter ended June 30, 2026, the company reported a total income of Rs. 416.96 lakhs...

Hindustan Aeronautics Ltd Announces Final Dividend of Rs.10 per Equity Share for FY 2025-26 Hindustan Aeronautics Ltd has recommended a final dividend of Rs.10 per equity share for the Financial Year 2025-26. The recommendation was made by the Board of Directors on June 29, 2026, and remains subject to approval by members at the upcoming Annual General Meeting.The proposed dividend applies to equity shares of Rs.5 each fully paid up (200%).Tax Implications and Documentation Requirements In accordance with the Income-tax Act, 2025, dividends distributed by a company are taxable in the hands of the shareholders. Consequently, the company is required to deduct tax at source at the time of dividend payment.To avail of tax exemptions...

Power Finance Corporation Ltd to Consider Borrowing Limit Enhancement Power Finance Corporation Ltd has announced that its Board of Directors will meet on July 23, 2026, to deliberate on a proposal regarding the enhancement of borrowing limits from both domestic and international markets.The meeting is scheduled to address the company's requirements for increased borrowing capacity. The board will consider seeking shareholder approval for this expansion of borrowing limits under the relevant provisions of the Companies Act, 2013.The proposed expansion includes:Enhancement of borrowing limits from domestic markets Enhancement of borrowing limits from international marketsPFC Stock Price Movement Power Finance Corporation Limited...

Radhe Developers India Ltd Approves Unaudited Financial Results for June 30, 2026 Quarter Radhe Developers India Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on Friday, July 17, 2026, accompanied by a Limited Review Report from the Statutory Auditor.The company also approved the Notice of its 32nd Annual General Meeting during the same board proceedings, which commenced at 2:30 p.m. and concluded at 3:40 p.m.Financial Overview and Operations The financial statements were prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act...

Smiths & Founders (India) Ltd to Convene Board Meeting for Q1 Financial Results Smiths & Founders (India) Ltd has scheduled a meeting of its Board of Directors to be held on Friday, July 24, 2026. The meeting is set to take place at the Registered Office of the company.The primary agenda for the board meeting includes the consideration and approval of the Unaudited Financial Results for the quarter ended June 30, 2026.Event DetailsDescriptionMeeting DateJuly 24, 2026Meeting TypeBoard of Directors MeetingReporting PeriodQuarter ended June 30, 2026Primary ObjectiveApproval of Unaudited Financial ResultsStock Price Movement Smiths & Founders (India) Ltd settled higher on Friday, finishing at ₹10.45 with a 1.95% gain...

Bharti Airtel to Pay Rs. 6,59,000 Penalty Over Subscriber Verification Norms Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT) regarding a violation of subscriber verification norms. The authority identified the discrepancy during a periodic Customer Application Form Audit (CAF Audit) conducted for the month of April 2026.Under the terms of its license agreement, Bharti Airtel is required to ensure thorough verification of customers before enrolling them as subscribers and must adhere to all instructions issued by the Department of Telecommunications in this regard. The audit revealed that the company allegedly failed to comply with specific verification norms established under the License...

BEML Limited Issues Revised Independent Auditor's Report for FY 2025-26 BEML Limited has issued a revised Independent Auditor's Report for the financial year 2025-26. The report, issued by G Natesan & Co, replaces the earlier audit report dated May 29, 2026. The revisions were made following observations from the Comptroller and Auditor General of India.The company stated that these changes are restricted to certain disclosures in the financial statements and do not impact the amounts reported in the Balance Sheet, Statement of Profit and Loss (including Other Comprehensive Income), or the Statement of Cash Flows. Furthermore, the revision does not affect the auditor's opinion on the financial statements.Key Audit Matters and...

Neogen Chemicals Receives Additional Insurance Payment Following Fire Incident at Dahej Facility Neogen Chemicals Limited has received an additional on-account payment of Rs. 15 Crore from its insurance provider following a fire incident that occurred at the company's Dahej SEZ facility in March 2025. The payment, received on July 16, 2026, pertains to the loss of property, plant, and equipment.The current payment follows recommendations provided by surveyors in an interim report. The company stated that further settlements will be determined in various stages upon completion of a comprehensive assessment regarding the loss of property, plant, and equipment, as well as other assets at the Dahej SEZ Plant. This evaluation also includes...

Bajel Projects Limited Announces Demise of Independent Director Dr. Rajendra Prasad Singh Bajel Projects Limited has announced the passing of Dr. Rajendra Prasad Singh, who served as an Independent Director on the company's Board. Dr. Singh passed away on Thursday, July 16, 2026.The company acknowledged that Dr. Singh contributed significant experience, wisdom, and integrity to the organization, particularly in enhancing corporate governance and the strategic direction of the firm. The Board of Directors and employees expressed their condolences to his family, noting that his departure represents a significant loss to the company.The following table provides specific details regarding the change in the company's board composition...

3P Land Holdings Ltd to Review Financial Results for Quarter Ended June 30, 2026 3P Land Holdings Ltd has scheduled a Board of Directors meeting on July 25, 2026, to deliberate on and approve the Standalone and Consolidated Financial Statements. This meeting will specifically focus on the unaudited financial results of the company for the quarter that concluded on June 30, 2026.The company has implemented a trading window closure for all Directors, Officers, Designated Persons, and Connected Persons. The restriction applies to dealings in the securities of the company to maintain internal integrity during the reporting period.The timeline for the trading window closure is detailed below:Period TypeStart DateEnd DateTrading...

The Federal Bank Board Approves Borrowing of Up to Rs 10,000 Crores and Re-appointment of Independent Director The Federal Bank Limited has announced key decisions following its adjourned Board of Directors meeting held on July 17, 2026. The meeting addressed significant matters regarding fund raising, leadership appointments, and the scheduling of the upcoming Annual General Meeting.Funding and Borrowing Initiatives The Board has approved the borrowing or raising of funds in Indian currency or other permitted foreign currencies. This involves the issuance of debt instruments, which may include Additional Tier I bonds (AT1 bonds), Tier II bonds, long term bonds for infrastructure and affordable housing, Masala Bonds, Green Bonds, and...

Kalyan Jewellers India Ltd to Hold Board Meeting for June 2026 Financial Results Kalyan Jewellers India Ltd has scheduled a meeting of its Board of Directors to review and approve the company's financial performance for the quarter ending June 30, 2026. The meeting is set to take place on Tuesday, August 4, 2026.The primary agenda for this board meeting includes the consideration and approval of the Un-Audited Standalone and Consolidated Financial Results for the June quarter. These results will provide a comprehensive view of the company's operational performance and financial standing during the specified period.In connection with the upcoming announcement of these financial results, the trading window for shares of the company by...

McLeod Russel India Limited Announces Voluntary Delisting from Calcutta Stock Exchange McLeod Russel India Limited has completed the voluntary delisting of its equity shares from The Calcutta Stock Exchange (CSE). The move follows an application submitted by the company to remove its shares from the exchange's official list.The Calcutta Stock Exchange granted approval for the voluntary delisting through Notice Ref. No. CSE/LD/DL/18156/2026, dated July 16, 2026. Consequently, the equity shares of the company, identified under CSE Scrip Codes 23930 and 10023930, were officially delisted with effect from July 17, 2026.Despite this action on the Calcutta Stock Exchange, McLeod Russel India Limited remains active on other major...