Markets

Mahindra Lifespace Developers Limited Receives Strong Credit Ratings from Ind-Ra Mahindra Lifespace Developers Limited has received credit ratings for its commercial paper issuances from India Ratings & Research Limited (Ind-Ra). The ratings were assigned on July 6, 2026.The assessment covered existing and proposed commercial paper instruments. The company secured a positive rating across both the Commercial Paper and Proposed Commercial Paper categories as of the certification date.The details of the credit ratings received are presented in the table below:InstrumentRated Amount / Size of Issue (in million)RatingCommercial PaperINR 2,500IND A1+Proposed Commercial PaperINR 1,000IND A1+The ratings were officially...

RITES Limited Announces Cessation of Tenure for Independent Director Dr. Dineshananda Goswami RITES Limited, an enterprise of the Government of India, has confirmed the completion of tenure for Dr. Dineshananda Goswami as an Independent Director on its Board.The company announced that Dr. Dineshananda Goswami's role as an Independent Director will conclude on July 06, 2026. Accordingly, he will cease to be a member of the Independent Directors of the Company effective from July 07, 2026.This change follows the Board's approval of Dr. Dineshananda Goswami (DIN: 09394294) as an Additional Director (Independent Director) for one year, beginning on July 07, 2025. This appointment was subsequently approved by the shareholders at the...

Kellton Tech EU and Action Energy Form Strategic Joint Venture for AI-Led Energy Transformation across GCC Kellton Tech EU Limited (a Wholly Owned Subsidiary of Kellton Tech Solutions Limited 'KTSL') and Action Energy Company K.S.C.P. (AEC), Kuwait's leading partner for integrated upstream services, have formed a strategic joint venture aimed at accelerating AI-led energy transformation across the Gulf Cooperation Council (GCC) energy sector. The partnership combines Kellton’s capabilities in digital transformation with AEC’s deep industry relationships and operational expertise in the region.The combined entity is set to modernize operations and unlock greater value for energy operators throughout the GCC.Joint Venture Structure...

Sreeleathers Approves Appointment of Scrutinizer and Sets Calendar for Independent Director Poll Sreeleathers Limited announced key decisions following its Board meeting held on July 06, 2026, approving the appointment of a scrutinizer and outlining the timeline for a forthcoming special resolution. The board approved a postal ballot notice seeking shareholder approval for the appointment of Mr. Bhaskar Chatterjee as an independent Director.During the meeting, which commenced at 5:30 p.m. (IST) and concluded at 6:15 p.m. (IST), two primary outcomes were approved by the company's Board of Directors.The board ratified the postal Ballot Notice intended for circulation among shareholders. This notice seeks approval via a special...

UFLEX Limited Appoints Mr. Arun Kumar Sharma as President - Finance & Accounts UFLEX Limited has announced the appointment of Mr. Arun Kumar Sharma as President - Finance & Accounts of the company. His designation was effective from July 6, 2026.Mr. Sharma has been designated as a Senior Management Personnel within UFLEX Limited following his appointment.The company confirmed that Mr. Arun Kumar Sharma holds the qualifications of a Chartered Accountant and possesses an overall professional experience spanning over 35 years. In addition to his broad finance leadership roles, he previously held significant positions at Jubilant Group, where he managed assignments as CFO and Head of Group Treasury.Details regarding the appointment...

A2Z Infra Engineering Limited Director Amit Mittal Released on Bail by High Court A2Z Infra Engineering Limited announced that Mr. Amit Mittal, who serves as Managing Director cum CEO and Promoter of the company, has been released on bail. The release followed an order issued by the Hon'ble High Court of Chhattisgarh dated July 03, 2026.Mr. Mittal had previously been taken into judicial custody by the Economic Offence Wing-Anti Corruption Bureau (EOW-ACB), Chhattisgarh.The court’s order provided specific reasons for granting bail. According to the relevant portion of the judgment, there was no independent material demonstrating that Mr. Mittal personally instructed payment of illegal commission, prepared forged documents, handled...

Pidilite Reports on ESG Performance for FY 2025-26, Highlighting Focus on Climate Transition and Waste Management Pidilite Industries Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's commitment to environmental protection, social responsibility, and sustainable business practices in alignment with growing global ESG standards.The company operates across both a Consumer & Bazaar Products Segment and a Business-to-Business segment, offering a range of products including adhesives, sealants, art and craft materials, and construction chemicals. The Branded Consumer and Bazaar segment accounts for 81.6% of the entity's turnover, while the B2B...

Stock Exchanges Grant 'No Objection' on Ganesh Housing Ltd Scheme of Arrangement<p>The proposed Scheme of Arrangement involving Ganesh Housing Limited (GHL) and Gatil Properties Private Limited (GPPL) has received "no objection" status from both BSE and National Stock Exchange of India (NSE), allowing the companies to proceed with filing the scheme before the Hon'ble National Company Law Tribunal (NCLT).</p><p>The Scheme, which involves the Transferee Company Ganesh Housing Limited and the Transferor Company Gatil Properties Private Limited and their respective shareholders, has been reviewed by the stock exchanges. The observations were issued by both BSE and NSE on July 06, 2026.</p><p>The successful receipt of these observation...

PTL Enterprises Announces 65th Annual General Meeting for FY 2025-26 PTL Enterprises Limited has scheduled its 65th Annual General Meeting (AGM) of its members. The company announced that the meeting will be held on Tuesday, July 28, 2026, at 3:00 P.M. (IST), utilizing a Video Conferencing (VC)/Other Audio Visual Means (OAVM) format.The AGM is intended to present the Annual Report for the Financial Year 2025-26. The notice of the meeting and the associated annual report are available electronically on the company’s website, www.ptlenterprise.com.Shareholders who do not have their email registered with the company or its Registrar and Transfer Agent (RTA) have been notified via a specific letter detailing how to access the required...

IPO Boom Has Room To Run: Morgan Stanley Assesses No Near-Term Liquidity Strain for Indian Equities Morgan Stanley maintains a constructive outlook on the buoyancy of India’s primary market, asserting that the current wave of Initial Public Offerings (IPOs) has ample potential and is unlikely to cause liquidity strain in the near term. The brokerage estimates that this supportive environment could persist for several months before the supply of equity becomes excessive.The assessment comes from Morgan Stanley's latest India Equity Strategy Playbook, which emphasizes the robust underlying fundamentals of the Indian economy. While 2025 was already a globally busy period for primary market activity in India, the pipeline remains steady...

Kusumgar IPO GMP Surges Above 40% as Fabric and Power Sector Offer Strong Investor Appeal Engineered Fabric Market Booming Ahead of Kusumgar IPO Listing The grey market premium (GMP) for the Initial Public Offering (IPO) of engineered fabric manufacturer, Kusumgar, has significantly crossed the 40 percent mark ahead of its planned subscription period. The company is set to raise ₹650 crore with a fixed price band spanning from Rs 398-419 per share.Based on current tracking platforms, Kusumgar shares are commanding a highly anticipated GMP ranging between 40 and 41 percent. Investorgain estimates the listing gain at 40.57 percent, while IPO Watch pegs the GMP slightly higher at 40.81 percent. The public subscription for this issue is...

Atishay Limited Awarded Work Order from Central Cooperative Bank for Supply of Micro ATMs Atishay Limited has secured a significant work order valued at ₹ 47.38 Lakhs from The Central Cooperative Bank Ltd., Bikaner. This contract covers the supply, installation, commissioning, and maintenance of Micro ATMs devices intended for Primary Agricultural Credit Societies (PACS) managed by the bank under the Co-operative Department Rajasthan.The award reflects the confidence placed in Atishay Limited's technological capabilities and execution strength within the banking sector. The scope of the project includes providing comprehensive services for the PACS of The Central Cooperative Bank Ltd., Bikaner.The total value of the work order...

Precious Metals Tumble as Dollar Strengthens; Gold Holds Ground Thanks to Rupee Weakness On June 23, precious metals generally saw marginal gains amid profit booking by investors and a shift in global currency sentiment. The slight support for domestic gold prices was attributed to the weakness of the rupee against the US dollar. International markets faced headwinds, prompting analysts to advise caution as key macroeconomic data awaits release this week.Domestic and International Gold Price Action Domestic spot gold saw some volatility, with prices dipping by Rs 780 before finding stabilization. The international price for gold hovered around $4,140 per ounce on the day. This movement highlights the differing dynamics between global...

Atishay Ltd Awarded Work Order Worth ₹ 47.38 Lakhs from Central Cooperative Bank Ltd., Bikaner Atishay Ltd has secured a new work order valued at ₹ 47.38 Lakhs from The Central Cooperative Bank Ltd., Bikaner, for the supply and maintenance of Micro ATMs devices. This contract highlights the company's technological capabilities within the rural banking sector.The award involves supplying, installing, commissioning, and maintaining Micro ATM devices designated for Primary Agricultural Credit Societies (PACS) affiliated with The Central Cooperative Bank Ltd. in Rajasthan.This achievement strengthens Atishay Ltd's presence in the agricultural banking ecosystem and reinforces its commitment to providing technology-driven financial...

Jay Bharat Maruti Limited Reports Zero Requests for Transfer and Demat of Physical Shares During Specified Periods Jay Bharat Maruti Limited confirmed that no requests were received from shareholders regarding the transfer and demat of physical securities during specific reporting periods, as per the company's updates concerning the special window defined by a SEBI circular. The reports also provided detailed operational status regarding request processing for June 2026.The company reported zero activity in receiving or processing requests for the transfer and demat of physical shares during the period spanning June 05, 2026 to July 04, 2026.Details of the number of requests received, processed, approved, and rejected by Jay Bharat...

Gradiente Promoters Create Pledge Against Shares Worth Rs 2.76 Crore Vimal Raj Mathur, a promoter of Gradiente Infotainment Limited, has created a pledge against his shares in the company. The transaction involves pledging 1,00,00,000 shares to Orbit Global Softsol Pvt Ltd. for a financial obligation.The pledge was executed on June 30, 2026.According to the details, the total promoter shareholding of Gradiente Infotainment Limited is 5.20%. The encumbered shares represent 31.30% of the company’s total share capital.The security cover for this transaction amounts to Rs 2,76,00,000/- as of the date of the agreement. The amount involved against which the shares were pledged is Rs 1,00,00,000/-. This yields a Security Cover to Amount...

Tata Motors Reports Q2 Production and Sales Figures: Detailed Look at Vehicle Category Performance Tata Motors Ltd has released its quarterly report detailing production, domestic sales, and exports for the period spanning April to June 2026. The report provides a granular look into performance across various vehicle categories, covering models ranging from commercial passenger vehicles (V1) to heavy haulage trucks (N3).The data highlights manufacturing activity across different segments, showcasing both production capabilities and market uptake in domestic sales and exports for the quarter.A comprehensive breakdown of production, domestic sales, and export figures for April through June 2026 compared against the previous period is...

India Radiators Limited Reports NCLT Status as 'Disposed' Regarding Amalgamation SchemeIndia Radiators Limited, the transferor company, has reported a significant update concerning its ongoing amalgamation process involving Mercantile Ventures Limited (Transferee Company) and their shareholders and creditors.The scheme pertains to the amalgamation of India Radiators Limited with Mercantile Ventures Limited, under relevant sections of the Companies Act, 2013. The matter was pending before the National Company Law Tribunal (NCLT).The status of this amalgamation matter has been updated on the NCLT website, showing it as "Disposed."While the tribunal's decision is marked as disposed, India Radiators Limited noted that a certified...

Interworld Digital Reports Financial Indebtedness and Default on Vehicle Loan Repayment Interworld Digital Ltd. has reported details regarding its financial indebtedness for the quarter ending June 30, 2026, noting a default in the repayment of a loan secured against a vehicle. The company's total financial debt stands at 2.21 INR Crores.The outstanding loans and charges are detailed below:ParticularsOutstanding Amount as on 30.06.2026 (Rs. In Crores)Loan against vehicle from Kotak Mahindra Bank0.01Other Short Term Unsecured Loans2.15Interest and other charges due but not paid0.05Total outstanding Amount/Debts2.21The loans are secured against the vehicle for which the loan was obtained from Kotak Mahindra Prime...

JSW Dulux Limited Receives Appeal Order from Karnataka GST Department in Pending Litigation JSW Dulux Limited has received an Appeal Order regarding a demand issued by the Karnataka GST Department concerning discrepancies related to an E-Waybill and an Invoice for the fiscal year 2024-25. The company's appeal, filed after receiving a demand order on December 30, 2024, was reviewed by the Joint Commissioner of the LGSTO 38 in Bengaluru, Karnataka.The GST Department had initially issued a demand order specifying a penalty amounting to Rs. 9,89,064/- under Section 129(3) of the SGST Act/Rules, 2017. This action stemmed from a discrepancy involving an E-Waybill and an Invoice for the fiscal year 2024-25.Following the issuance of the...