Markets

Vision Infra Equipment Solutions Limited Approves Issuance of Non-Convertible Debentures and Conversion of Warrants Vision Infra Equipment Solutions Limited has announced that its Board of Directors approved the issuance of Non-convertible Debentures (NCDs) and the conversion of convertible warrants into equity shares during a meeting held on July 17, 2026.Approval for Non-Convertible Debenture Issuance The Company received approval to issue Non-convertible Debentures in one or more tranches on a private placement basis. The total aggregate principal amount for the issuance is set at up to INR 200,00,00,000 (Indian Rupees Two Crore). These instruments may be listed or unlisted, and can be senior secured, senior unsecured, unsecured...

NRB Bearings Completes Strategic Acquisition of Mahant Tool Room to Enter Aerospace Sector NRB Bearings Limited (NRB) has officially completed the acquisition of Mahant Tool Room (MTR), a sole proprietorship concern. The transaction was executed through the company's wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL). This move marks a significant expansion for the NRB Group into the high-precision global aerospace and defence sectors.In conjunction with the acquisition, MTRPL has secured the AS9100D Certification for Precision Machined Components and Bearings for Aerospace and Defence. This certification is considered the industry standard for aviation manufacturing excellence.Strategic Growth and Market Positioning...

Godrej Agrovet Limited to Review Quarterly Financial Results in Upcoming Board Meeting Godrej Agrovet Limited has scheduled a meeting of its Board of Directors to be held on Wednesday, August 5, 2026. The primary agenda for this meeting includes the consideration and approval of the Standalone and Consolidated Unaudited Financial Results of the company for the quarter ended June 30, 2026.The financial results will undergo a review by the Audit Committee prior to being presented to the Board for formal approval. This meeting serves as a key milestone for the company in reporting its performance metrics for the period ending June 30, 2026.EVEREADY Stock Price Movement Shares of Eveready Industries India Limited are slipping by 3.62%...

Godrej Agrovet Limited to Review Quarterly Financial Results at Upcoming Board Meeting Godrej Agrovet Limited has scheduled a meeting of its Board of Directors on Wednesday, August 5, 2026. The primary objective of the meeting is to consider and approve the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2026.The financial results will undergo a review by the Audit Committee prior to being presented to the Board for approval. This scheduled meeting follows the standard procedure for evaluating the company's performance during the period ending in June 2026.Event DetailInformationCompany NameGodrej Agrovet LimitedScheduled Meeting DateAugust 5, 2026Period EndingJune 30, 2026Type of...

Balurghat Technologies Ltd Announces Re-appointment of Key Directors and Schedules 32nd AGM Balurghat Technologies Limited has announced the outcome of its Board of Directors meeting held on July 17, 2026, where several key corporate actions were approved, including the re-appointment of senior leadership and the scheduling of the company's 32nd Annual General Meeting (AGM).Leadership Re-appointments The Board has recommended the re-appointment of two key figures in the company's leadership team for five-year terms. Both appointments are subject to approval by the members via a Special Resolution.Mr. Arun Kumar Sethia, who serves as a Whole-time Director, has been recommended for re-appointment for a five-year period from October...

Radico Khaitan Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Radico Khaitan Limited has scheduled a meeting of its Board of Directors on Tuesday, July 28, 2026. The primary agenda for the session is the consideration and approval of the company's Unaudited Standalone and Consolidated Financial Results for the quarter concluded on June 30, 2026.The meeting serves as a key milestone for the company to finalize its financial performance metrics for the period ending in June 2026. The board will evaluate the consolidated figures alongside the standalone results before the official release of the reports.Regarding internal controls and trading restrictions, the company has maintained the closure of the trading...

Major Indian Jeweller Shifts Gold Hedges to MCX as Rupee-Denominated Contracts Take Center Stage A prominent Indian jewellery heavyweight is pivoting its gold hedging strategy by migrating positions from GIFT City back to the Multi Commodity Exchange (MCX).Sources indicate the primary catalyst for this strategic shift is the transition from dollar-based contracts to rupee-denominated contracts. This move allows the entity to align its hedging more closely with local market dynamics.The impact of this migration is already visible on the MCX exchange. Open interest (OI) for both October and December-based gold contracts has witnessed a dramatic surge as the jeweller establishes fresh positions.Surge in Open Interest Signals...

NBCC (India) Limited Secures Work Orders Worth Rs. 85.64 Cr. NBCC (India) Limited has announced the receipt of multiple work orders in its ordinary course of business, totaling approximately Rs. 85.64 Cr. The contracts span various infrastructure and consultancy projects, including educational facilities, residential complexes, and heritage site maintenance.The company received a significant contract from National Aluminium Company Ltd. (NALCO) for the construction of academic blocks for Delhi Public School, CISF barracks, and associated infrastructure within the Nalco Nagar Township premises. This project is being executed on a Deposit Work cum EPC Mode.Additionally, NBCC (India) Limited has been awarded a project by Indian Drugs...

Millworks Technologies SME IPO Set for Allotment Today as Grey Market Premium Hits 120% The allotment status for the Rs 160.34-crore BSE SME initial public offering (IPO) of Millworks Technologies is scheduled to be finalized today. This follows a massive surge in investor interest during the subscription period from July 14 to July 16.The issue witnessed an overwhelming response, being subscribed 193.14 times overall. Data from the BSE confirms that bids were received for 67,96,30,000 shares against the 35,18,800 shares on offer.Retail investors spearheaded this momentum by subscribing to 216.46 times the portion reserved for them. The non-institutional investor (NII) category also displayed significant appetite, with its quota...

Indobell Insulations Ltd Secures Domestic Order Worth Rs 48,739,015.00 Indobell Insulations Limited has secured a domestic order for the supply of Nodulated Wool from Sundaram Brake Linings Limited. The contract is valued at Rs 48,739,015.00 and establishes a significant business engagement for the company.The order pertains to the supply of Nodulated Wool as a domestic entity project. The execution period for this contract is scheduled to be completed by March 2028. Regarding the financial terms of the agreement, the payment structure is set for direct credit within 45 days.Key details regarding the contract are outlined in the table below:ParticularsDetailsName of Entity Awarding OrderSundaram Brake Linings LimitedNature...

SG Finserve Limited Incorporates Wholly Owned Subsidiary for Alternative Investment Fund SG Finserve Limited has successfully incorporated a wholly owned subsidiary, SG Alternative Investment Fund Limited, to operate within the investment management and financial advisory services sector. The incorporation of this entity follows a proposal initially announced by the company in early 2026.The new subsidiary is established to serve as an investment manager and sponsor for the setup of a Category III Alternate Investment Fund. In its professional capacity, SG Alternative Investment Fund Limited will act as management consultants, investment managers, sponsors, settlors, trustees, beneficiaries, or provide other fiduciary services.The...

Bank Nifty Reclaims 58,000 Mark as Private Banking Giants Ignite Bullish Rally Ahead of Q1 Results The Bank Nifty index surged nearly 1% on July 17, marking a significant recovery as the benchmark reclaimed the 58,000 level. This upward momentum was fueled by heavyweights HDFC Bank and ICICI Bank, both of which saw their shares rise by 1.2% ahead of their June quarter earnings declarations scheduled for July 18.Market participants are closely monitoring the performance of India's top private lenders as they prepare to release quarterly updates. Strong loan growth reported in recent data has bolstered investor confidence, driving the index toward higher valuations despite broader market fluctuations.Heavyweight Momentum and Key Bank...

Aromatic Steel Private Limited Acquires Significant Stake in Nova Iron & Steel Limited Aromatic Steel Private Limited has acquired a substantial stake in Nova Iron & Steel Limited, significantly increasing its ownership and voting rights in the company. The transaction, executed on July 15, 2026, involved an off-market inter-se transfer of equity shares.Prior to this acquisition, Aromatic Steel Private Limited held 3,418,000 shares, representing a 9.46% stake in Nova Iron & Steel Limited. The entity, which belongs to the promoter group, successfully acquired an additional 3,331,000 shares during the transaction.Following the acquisition, Aromatic Steel Private Limited's total holding in Nova Iron & Steel Limited stands at 6,749,000...

PMLA Court Grants ED Permission to Seek Spanish Authorities' Help in Massive Forex Fraud Probe A special court under the Prevention of Money Laundering Act (PMLA) has authorized a Letter of Request to Spain, providing the Enforcement Directorate (ED) with a critical legal gateway to enforce attachment orders abroad.The ruling facilitates the execution of provisional attachment orders and the collection of vital evidence regarding the money laundering probe into the OctaFX Group. The investigation centers on Pavel Aleksandrovich Prozorov, a Russian national currently residing in Barcelona, who is alleged to have controlled the group's operational structure.Judicial Approval for International Legal Assistance The PMLA court approved...

Tata Power to Review Financial Results for Quarter Ended June 30, 2026 Tata Power Company Ltd has scheduled a meeting of its Board of Directors on July 27, 2026, to deliberate on the company's financial performance for the quarter ending June 30, 2026.The board meeting will focus on reviewing both the Audited Financial Results (Standalone) and the Unaudited Consolidated Financial Results of the company. The presentation of these results provides a comprehensive view of the company's operational standing and financial health during the reported period.The company has implemented a trading window closure for its securities starting from June 24, 2026. This window will remain closed until 48 hours after the announcement of the...

Radix Industries (India) Ltd to Convene Board Meeting to Review Quarterly Financial Results Radix Industries (India) Ltd has scheduled a meeting of its Board of Directors on July 24, 2026, to deliberate on the company's operational and financial performance. The meeting will be held at the company's registered office located in Tanuku, West Godavari District, Andhra Pradesh.The primary agenda for this board meeting is to consider and approve the un-audited financial results for the quarter ended June 30, 2026. This session serves as a critical milestone for the company to review its quarterly growth and financial standing.In alignment with internal protocols, the trading window remains closed for all Directors, Officers, Designated...

Dev Accelerator Limited Assigned ACUITE BBB Rating for Proposed Non Convertible Debentures Dev Accelerator Limited (DevX) has been assigned a long-term credit rating of 'ACUITE BBB' with a 'Stable' outlook by Acuite Ratings & Research Limited. The rating pertains to the company's proposed issuance of Non Convertible Debentures (NCD) with a total quantum of Rs. 100.00 crore.The rating agency attributed the score to DevX’s established presence in the managed workspace segment, particularly within Tier-2 cities. The company has demonstrated an improving operating performance and a sizeable growth pipeline. As of March 31, 2026, the company operated across 28 centres in 12 cities with a seating capacity of 13,304 seats.Operational and...

Nilanchal Investments Private Limited Discloses Disposal of Shares in Nova Iron & Steel Limited Nilanchal Investments Private Limited has reported a significant change in its shareholding and voting rights in Nova Iron & Steel Limited following the disposal of equity shares. The transaction was executed on July 15, 2026.The entity, which is identified as part of the promoter group, sold its entire holding of 3,31,000 shares carrying voting rights. Prior to this transaction, Nilanchal Investments Private Limited held a 9.22% stake in the company. Following the disposal, the entity holds NIL shares in Nova Iron & Steel Limited.The transaction was conducted as an off-market inter-se transfer. The total equity share capital and voting...

R K Swamy Ltd Announces 53rd Annual General Meeting and Record Date for Final Dividend R K Swamy Limited has scheduled its 53rd Annual General Meeting (AGM) to take place on Monday, August 17, 2026, at 2:30 P.M. (IST). The meeting will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM) to transact the business outlined in the Notice of the AGM.The company has established Friday, July 31, 2026, as the Record Date to determine member entitlement for the Final Dividend pertaining to the Financial Year 2025-26. This dividend was recommended by the Board of Directors during their meeting held on May 19, 2026.The proposed dividend is set at Rs. 2 per share, representing 40% of the face value of Rs. 5 each...

SMALLCAP World Fund, Inc. Reduces Stake in Ramkrishna Forgings Ltd SMALLCAP World Fund, Inc. has reduced its ownership stake in Ramkrishna Forgings Ltd. following a transaction executed on July 15, 2026. The entity sold a significant portion of its shareholding through the open market.Prior to this transaction, SMALLCAP World Fund, Inc. held 12,698,933 shares carrying voting rights in Ramkrishna Forgings Ltd., representing a 7.0226% stake in the company’s total share and diluted voting capital.The fund sold a total of 4,562,568 shares, which accounted for a 2.5440% reduction in its holding. Following this sale, the investor's position in the company stands at 8,136,365 shares. This represents an ownership stake of 4.4786% in the...