Markets

Starlit Power Systems Ltd Appoints Nisha Yadav as Company Secretary and Compliance Officer Starlit Power Systems Limited has announced the appointment of Mrs. Nisha Yadav as the Company Secretary and Compliance Officer of the organization. The appointment became effective as of July 17, 2026.The decision was finalized during a Board of Directors meeting held on July 17, 2026, at the company's registered office in New Delhi. In addition to the appointment, the Board approved a change in the Key Managerial Personnel (KMP) structure specifically for determining the materiality of events and information requiring disclosure.Professional Profile of AppointeeMrs. Nisha Yadav is an Associate Member of the Institute of Company Secretaries...

Dr. Lal PathLabs to Consider Interim Dividend for Financial Year 2026-27 Dr. Lal PathLabs Limited has announced that its Board of Directors will meet on July 24, 2026, to deliberate on the company's financial performance and shareholder payouts. The meeting is scheduled to address key operational results and dividend considerations for the upcoming period.During this session, the Board will review the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows an earlier notice regarding the company's scheduled board proceedings during the month of July.In addition to reviewing quarterly performance, the Board of Directors will consider the declaration of an interim dividend on the...

Dr. Lal PathLabs to Consider Interim Dividend for FY 2026-27 at Upcoming Board Meeting Dr. Lal PathLabs has announced that its Board of Directors will meet on July 24, 2026, to deliberate on key financial matters including the company's performance and dividend distributions.During the scheduled meeting, the board is expected to review and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. In addition to the quarterly financial review, the board will consider a potential interim dividend on the equity shares of the company for the Financial Year 2026-27.The discussion regarding the interim dividend follows an earlier communication from the company concerning the agenda for the...

Alife Relaunches Bathing Soap Portfolio with New Variants for Beauty and Care Alife, a personal care brand under AWL Agri Business Ltd (formerly known as Adani Wilmar Limited), has officially relaunched its bathing soap portfolio. The new range features four distinct variants characterized by upgraded formulations, skincare-inspired ingredients, and contemporary packaging designs.The relaunch was launched on July 15, 2026, at the company’s manufacturing facility in Mundra. The event saw the participation of 50 top distributors from across the country, highlighting a strategic move to strengthen trade partnerships while marking a significant milestone in the brand's growth trajectory.New Product Variants and Brand Positioning The...

Alife Relaunches Bathing Soap Portfolio with New Variants for Everyday Beauty and Care Alife, the personal care brand from AWL Agri Business Ltd. (formerly Adani Wilmar Limited), has launched a refreshed bathing soap portfolio featuring four new variants. The relaunch introduces upgraded formulations, curated ingredients, and contemporary packaging under a new brand promise titled "Khubsurati Kuchh Khaas."The new range was officially unveiled on July 15, 2026, at the company's manufacturing facility in Mundra. The launch event saw the participation of 50 top distributors from across the country, highlighting a significant milestone in the brand's growth and its trade partnerships.Product Range and Brand Evolution The relaunched...

Fredun Pharmaceuticals Limited Announces Allotment of Bonus Equity Shares Fredun Pharmaceuticals Limited has announced the allotment of 11,025,380 fully paid-up bonus equity shares. The Board of Directors approved the issuance during a meeting held on July 17, 2026.The bonus issue was distributed in a 2:1 ratio, providing shareholders with 2 new bonus equity shares for every 1 existing equity share held as of the record date on July 16, 2026. Each of these new shares carries a face value of ₹ 10.Impact on Share Capital The issuance has resulted in a significant increase in the company's paid-up share capital. The updated figures are detailed in the table below:ParticularsNo. of SharesFace Value (Rs.)Amount in Rs.Paid-up share...

Raj Oil Mills Ltd Clarifies Share Allotment Percentage in Postal Ballot Notice Raj Oil Mills Ltd has issued a clarification regarding an inadvertent error found in the Explanatory Statement of its Postal Ballot Notice dated May 12, 2026. The correction pertains specifically to Item No. 1(e) and Item No. 2(e) of the notice circulated to shareholders.The company clarified that the proposed allotment of shares constitutes less than 5% of the post-issue fully diluted share capital of the company. The reference in the original Postal Ballot Notice stating the allotment was more than 5% was an oversight and should be read as less than 5%.Item ReferenceOriginal StatementCorrected StatementItem No. 1(e) & 2(e)More than 5%Less than 5%...

RITES Limited Announces Leadership Changes in Senior Management RITES Limited has announced a restructuring within its senior management team effective July 17, 2026. The changes involve the appointment of a new Regional Head for the Eastern Region Project Office and the transfer of an existing Group General Manager.New Leadership Appointment Shri Vinod Kumar Paswan, SAG/IRSE, has joined RITES on a deputation basis as Group General Manager (Civil) and Regional Head of the Eastern Region Project Office in Kolkata. His appointment to the senior management team is effective from July 17, 2026.Shri Paswan is an Indian Railway Service of Engineers (IRSE) officer from the 1998 batch, bringing over 25 years of experience in railway...

CG Power and Industrial Solutions Allots 34,660 Equity Shares Under ESOP 2021 CG Power and Industrial Solutions Limited has completed the allotment of 34,660 equity shares to an eligible employee under the company's Employee Stock Option Plan 2021 (ESOP 2021). The allotment took place on July 17, 2026.The equity shares, which carry a face value of Rs. 2/- each, were issued at an exercise price of Rs. 400.45 per share. These newly allotted shares rank pari-passu with the existing equity shares of the company in all respects.Following this allotment, the paid-up equity share capital of CG Power and Industrial Solutions Limited has seen an increase. The total capital now stands at Rs. 3,15,00,27,818, representing a total of...

Aditya Birla Capital Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Aditya Birla Capital Limited (ABCL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report highlights the company's efforts in enhancing corporate governance, employee well-being, environmental stewardship, and inclusive growth.The reporting for FY 2025-26 was conducted on a standalone basis, covering ABCL’s operations as a unified entity following its strategic merger with its wholly owned subsidiary, Aditya Birla Finance Limited (ABFL). The report received reasonable assurance from DNV Business Assurance India Pvt. Ltd. regarding core non-financial...

WeWork India Shares Plunge 6% as Firm Slides into Net Loss Following Recent Profit Turnaround WeWork India shares witnessed a sharp sell-off on Friday, tumbling nearly 6 percent as the company reported a swing into negative territory for the June quarter.The stock fell 5.64 percent to reach Rs 687 per share on the NSE. This reaction comes after the co-working giant reported a consolidated net loss of Rs 4.30 crore for the first quarter of the current financial year.The poor performance marks a significant reversal for the firm, which had successfully returned to profitability in the preceding March quarter. During that period, the company posted a net profit of Rs 66 crore compared to a net loss of Rs 14.10 crore in the...

Titan Shifts Gold Hedging to MCX as Strategic Pivot Boosts Domestic Liquidity Titan Industries Ltd., India's largest branded jewellery maker, has initiated a significant shift in its gold hedging strategy by moving a substantial portion of its activities from GIFT City to the Multi Commodity Exchange (MCX).The move represents a strategic transition from dollar-denominated contracts traded at GIFT City to rupee-denominated futures on the MCX platform. According to sources familiar with the matter, the primary driver for this change was the intent to reduce reliance on dollar-based hedging and better align the company's hedge with its domestic gold purchases.Impact on MCX Trading Volume and Market Liquidity The shift in strategy is...

The Grob Tea Company Limited Announces Annual General Meeting for Financial Year 2025-26 The Grob Tea Company Limited has scheduled its Annual General Meeting (AGM) to be held on Tuesday, August 11, 2026, at 2:00 P.M. (IST). The meeting will be conducted via Video Conferencing (VC) facilities and other Audio Visual Means (OAVM).The company has initiated a communication process to ensure all shareholders can access essential corporate documents. Specifically, the company dispatched letters to members who do not have registered email addresses with the company, its Registrar and Share Transfer Agent (RTA), or any depositories. These communications provide a direct web-link to the Annual Report for the financial year 2025-26 and the...

Caliber Mining & Logistics IPO Sees Strong Day 1 Momentum with 61% Subscription and 25% Expected Listing Gain The Caliber Mining & Logistics initial public offering (IPO) witnessed a robust opening on its first day of subscription, signaling significant market interest in the integrated mining services player. As of 12:05 pm on Friday, the issue was subscribed to 61%, reflecting a healthy appetite from both retail and non-institutional investors.The company aims to raise Rs 450 crore through this public offering. This includes a fresh issue of 0.94 crore equity shares valued at Rs 400 crore and an Offer for Sale (OFS) of 0.12 crore equity shares totaling Rs 50 crore.Robust Subscription Breakdown Across Investor Categories The...

Goenka Business & Finance Ltd Appoints Ms. Priya Jain as Company Secretary and Compliance Officer Goenka Business & Finance Ltd has announced the appointment of Ms. Priya Jain as the Company Secretary and Compliance Officer. The appointment was confirmed by the Board of Directors during a meeting held on July 17, 2026.Ms. Jain officially assumed her duties effective July 17, 2026. She brings significant experience to the role, having worked with both listed and unlisted companies within the secretarial department. According to the company, she possesses more than eight years of combined pre-qualification and post-qualification experience.Ms. Jain is a member of the Institute of Company Secretaries of India. The company further...

CG Power and Industrial Solutions Ltd to Host Q1FY27 Earnings Conference Call CG Power and Industrial Solutions Limited has announced that it will conduct an earnings conference call to discuss the financial results for the quarter ended June 30, 2026. The call is scheduled to take place on Friday, July 24, 2026, at 4:15 pm IST.The session will feature a discussion on the company's earnings performance followed by an interactive Question and Answer segment. This conference call will be held via digital access and conference call platforms following the declaration of the financial results for the first quarter of the fiscal year 2027.Management Participation and Schedule The call will include key members of the leadership team to...

Jindal Stainless Supplies Steel for India's First Hydrogen-Powered Train Jindal Stainless, a leading stainless steel manufacturer in India, has contributed significantly to the development of India's first hydrogen-powered train. The company supplied approximately 40% of the total stainless steel requirement for the construction of the coach bodies.The project utilizes premium austenitic stainless steel grade X5CrNi1810, which was exclusively supplied by Jindal Stainless from its Jajpur and Hisar plants. This hydrogen-powered train, featuring a specialized propulsion system, marks a major milestone in the Indian Railways' pursuit of green mobility solutions and sustainable transportation infrastructure.Material Advantages for Green...

Polycab Shares Plunge 4% Despite Q1 Earnings Beat as NSE Midcap 50 Sees Heavy Selling Polycab India Ltd shares witnessed a significant sell-off on Friday, sliding nearly 4 percent to Rs 8,850 in afternoon trade. This decline marks the third consecutive session of losses for the wires and cables major, making it the top loser on the NSE Midcap 50 index.Despite the immediate price action, the stock remains positioned strongly in the broader timeframe. Polycab shares are up 15.5 percent so far in 2026, outperforming the Nifty 50 which has seen a 7.1 percent decline during the same period.Resilience Amidst Market Correction The company, which commands a market capitalization of more than Rs 1.33 lakh crore, faced a 3.96 percent intraday...

Jyoti Structures Ltd Announces Demise of Chairman and Independent Director Dr. Rajendra Prasad Singh Jyoti Structures Limited has reported the passing of Dr. Rajendra Prasad Singh, who served as the Chairman and Independent Director of the Board. The company confirmed that Dr. Singh passed away on July 17, 2026.The company acknowledged his significant contributions to its growth and development, noting his visionary leadership and guidance over the years. The management and employees of Jyoti Structures Limited expressed their condolences to his family and remembered his role in the organization's progress.The following table provides the specific details regarding the cessation of his directorship:ParticularDetailsNameDr...

Indegene Limited Releases Business Responsibility and Sustainability Report for FY 2025-26 Indegene Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, which serves as an integral part of the company’s Annual Report, highlights the organization's commitment to integrating Environmental, Social, and Governance (ESG) considerations into its strategic priorities and operational processes.The report is structured in accordance with the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). It provides a comprehensive overview of Indegene's performance across governance, environmental stewardship, and social responsibility, reflecting...