Markets

Servotech Renewable Power System Limited Secures 900 kW Solar Rooftop Project Order Servotech Renewable Power System Limited has secured a significant order from the Rural Development Department of Uttar Pradesh, specifically under the UPSRLM initiative. The contract involves the development of a 900 kW solar rooftop project distributed across 12 different locations.The scope of the project encompasses the design, supply, installation, commissioning, and maintenance of grid-connected roof top solar power plants. The technology utilized for this project is hybrid, incorporating battery storage systems to enhance energy reliability.Project Overview and Timeline The contract is a domestic agreement with the state government body...

Appellate Tribunal Reduces Penalty Imposed on Tamilnad Mercantile Bank Limited Tamilnad Mercantile Bank Limited has received an order from the Appellate Tribunal under SAFEMA, New Delhi, which significantly reduces a penalty previously imposed on the bank and its former officers. The tribunal's order, received on July 16, 2026, follows an appeal filed by the bank and its then Directors and Company Secretaries against an adjudication order dated August 14, 2020.The original penalty was issued by the Special Director of the Directorate of Enforcement following a Show Cause notice dated December 17, 2014. The matter pertained to alleged contraventions of FEMA Regulations regarding the recording of share transfers.The Appellate...

OSEL Devices Limited Enters Strategic OEM Partnership with Colorlight Cloud Tech Ltd. OSEL Devices Limited has announced a significant strategic partnership with Colorlight Cloud Tech Ltd., a global leader in LED display control systems and video processors. The agreement, entered into on July 16, 2026, establishes an Original Equipment Manufacturer (OEM) cooperation designed to transform OSEL’s manufacturing capabilities by transitioning the company from an importer of core technologies to a domestic manufacturer.The collaboration focuses on the production of LED controllers and video processors, which serve as the essential components for high-performance LED display screens. Historically, OSEL Devices Limited has imported these...

Keystone Realtors Limited to Hold Board Meeting on August 4, 2026 Keystone Realtors Limited has scheduled a meeting of its Board of Directors to be held on Tuesday, August 4, 2026. The primary agenda for the meeting includes the consideration, approval, and recording of the unaudited financial statements and results for the quarter ended June 30, 2026.The board will review both Standalone and Consolidated Financial Statements to assess the company's performance during the period ending in June. In addition to the financial results, the meeting will address other business matters pertaining to the company's operations.Meeting DateAgenda ItemPeriod CoveredAugust 4, 2026Unaudited Standalone and Consolidated Financial...

7NR Retail Limited Announces Resignation of Managing Director cum Chairperson 7NR Retail Limited has announced the resignation of Mr. Chetan Kumar Ojha from his position as Managing Director cum Chairperson of the company. The resignation is effective from July 16, 2026.The company confirmed that Mr. Chetan Kumar Ojha submitted his resignation citing personal reasons. Furthermore, the company stated that it has received confirmation from Mr. Ojha that there are no other material reasons for his departure beyond those disclosed in his resignation letter.The details regarding the leadership change are summarized in the table below:ParticularsDetailsNameMr. Chetan Kumar OjhaDesignationManaging Director cum Chairperson...

Nephrocare Health Services Limited Announces 17th Annual General Meeting Nephrocare Health Services Limited has scheduled its 17th Annual General Meeting (AGM) to be held on Wednesday, August 12, 2026, at 02:30 P.M. IST. The meeting will be conducted via Video Conferencing (VC) and other Audio-Visual Means (OAVM).The company has initiated the dispatch of letters providing a web link to the Annual Report for the financial year 2025-26 along with the AGM Notice. This communication is specifically directed toward members who have not registered their email addresses with the company, Registrar and Share Transfer Agents (RTA), or depositories.Meeting Schedule and Important Dates The company has outlined specific dates for the...

Mehul Telecom Ltd Opens New Retail Store in Thangadh Mehul Telecom Limited has announced the opening of a new retail store under the brand name Mobile Daddy. The establishment is located in Gujarat and marks an expansion of the company's retail presence.The store opened on July 16, 2026, and is situated in the Surendranagar district. This addition to the company's portfolio serves the local market in the Thangadh area.Details of the new store location are as follows:StateCityAddressDate of OpeningGujaratThangadhR.S.No. - 186, Plot No. 1, Vasuki Plot, Near Sanjivani Complex, Thangadh, Dist - Surendranagar, Gujarat - 36353016.07.2026Stock Price Movement Mehul Telecom Ltd shares closed up 1.24% at ₹94.99 today after a steady...

IRCTC Appoints Rahul Himalian as Additional Charge Holder for CMD Position Indian Railway Catering And Tourism Corporation Limited (IRCTC) has announced a leadership transition as the post of Chairman and Managing Director (CMD) is set to become vacant on July 20, 2026. The vacancy follows the resignation of the incumbent, Shri Sanjay Kumar Jain, which has been approved by the Competent Authority effective from that date.To ensure operational continuity, the Ministry of Railways, Government of India, has designated Shri Rahul Himalian, Director (Tourism & Marketing) at IRCTC, to hold the additional charge of the CMD position. This appointment is made in addition to his current responsibilities.The leadership transition follows a...

PI Industries Limited Announces Record Date for Final Dividend and 79th Annual General Meeting PI Industries Limited has announced the record date for determining shareholder eligibility to receive the final dividend for the financial year 2025-26. The company has scheduled Friday, August 7, 2026, as the cut-off date to determine which members are entitled to the payment of Rs. 10/- per equity share, contingent upon the dividend being declared at the upcoming Annual General Meeting.The declaration pertains to the financial year ending March 31, 2026. The details regarding the dividend entitlement and relevant dates are outlined in the table below.EventDetailsFinancial Year2025-26Proposed Final DividendRs. 10/- per equity...

Cemindia Projects Limited to Host Analyst and Institutional Investor Conference Call for Q1FY27 Results Cemindia Projects Limited has announced that it will conduct an Analysts and Institutional Investors Conference Call to discuss the company's unaudited financial results for the quarter ended June 30, 2026.The conference call is scheduled to take place on Wednesday, July 29, 2026, at 12:00 p.m. (IST). The session will provide an overview of the company's performance during the first quarter of the fiscal year 2027.Leadership Representation The following key executives will represent Cemindia Projects Limited during the call:NameDesignationMr. Jayanta BasuManaging DirectorMr. Nitesh SharmaChief Financial OfficerMr...

Value 360 Communications Limited Announces Resignation of Vice President Value 360 Communications Limited has announced the resignation of Mr. Sanket Rege from his position as Vice President of Capital Market Communications. The official announcement confirms that the executive stepped down from his role on May 21, 2026, citing personal reasons.The transition period for the departure was set to conclude on July 16, 2026, following the completion of the applicable notice period. Mr. Rege expressed his appreciation for the professional opportunities and support provided by the management team during his tenure with the company.Management Transition DetailsParticularsDetailsName & Designation of Senior Management PersonnelMr...

TRF Limited Announces Financial Results for Quarter Ended June 30, 2026 TRF Limited has announced its standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a profit for the period, reflecting a shift from the losses recorded in the previous quarter.Financial Performance Overview For the quarter ended June 30, 2026, the company reported a net profit of Rs. 115.97 Lakhs on a standalone basis. This follows a net loss of Rs. 630.24 Lakhs in the quarter ended March 31, 2026. On a consolidated basis, the company reported a net profit for the period of Rs. 187.65 Lakhs compared to a loss of Rs. 690.81 Lakhs in the preceding quarter.The total comprehensive income for the quarter ended June...

Speciality Restaurants Ltd Secures Favorable Ruling from CESTAT Regarding Service Tax Demand Speciality Restaurants Ltd has received a significant legal victory following an order passed by the Hon'ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai. The tribunal ruled in favor of the company regarding a long-standing dispute involving a show cause-cum-demand notice related to CENVAT Credit.The litigation originated from a show cause-cum-demand notice dated February 18, 2016, issued by the Commissioner of Service Tax, Audit III, Mumbai. The notice was received by the company on February 22, 2016, and pertained to the period from August 2012 to March 2015. The authorities had alleged that the company failed to...

Fitch Ratings Affirms ONGC Credit Rating with Stable Outlook Oil and Natural Gas Corporation Limited (ONGC) has received a rating affirmation from Fitch Ratings. The agency maintained the company's rating at 'BBB-' with a Stable outlook. Additionally, the Standalone Credit Profile (SCP) for the company has been raised to 'bbb+'.The credit rating profiles for various instruments issued by ONGC and its subsidiaries are detailed below:InstrumentsRating AgencyRatingOutlookInternational Bonds (Senior unsecured notes) issued by company and subsidiaries which are guaranteed by the CompanyMoody's Investors ServiceForeign Currency Rating: Baa3 Local Currency Rating: Baa3StableInternational Bonds (Senior unsecured notes) issued by...

Akshay Jain Resigns as Vice President of Strategy and Planning at Ceigall India Ltd Ceigall India Limited has announced the resignation of Mr. Akshay Jain from his position as Vice President (Strategy & Planning). The company confirmed that Mr. Jain, who serves as Senior Management Personnel (SMP), submitted his resignation via a letter dated July 16, 2026.The departure is attributed to personal reasons. Mr. Jain will continue in his current role until the conclusion of business hours on July 31, 2026, which will mark his final day with the company.In his resignation correspondence, Mr. Jain expressed gratitude for the support and trust extended by the management during his tenure with the organization.The details of the...

Arihant Capital Markets Ltd to Hold Board Meeting for Q1 Financial Results Arihant Capital Markets Ltd has announced that its Board of Directors will convene on Friday, July 24, 2026, to conduct a scheduled meeting. The primary agenda for the session includes the consideration and approval of the company's Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review pertaining to those results.The board will also address various other incidental and ancillary matters during the proceedings.In connection with the upcoming declaration of financial results, the company has established a period during which certain trading activities will be restricted. The Trading Window for...

Innovators Facade Systems Ltd Receives GST Audit Penalty of Rs. 1,67,077 Innovators Facade Systems Ltd has received a penalty notice from the Goods and Services Tax Department, Karnataka, regarding a GST audit conducted for the period spanning Financial Year 2018-19 to Financial Year 2022-23.The company received the order on July 15, 2026. The penalty imposed by the department amounts to Rs. 1,67,077.The company is currently in the process of evaluating the audit order and intends to determine the appropriate course of action, which may include filing an appeal with a higher authority. Management has stated that the penalty does not have any material impact on the financial standing, operations, or other business activities of the...

Gallard Steel Ltd to Acquire 30,700 Sq Mt Industrial Land in Pithampur Gallard Steel Limited has received a Letter of Intent from the Madhya Pradesh Industrial Development Corporation (MPIDC) for the allotment of leasehold industrial land. The acquisition is situated at Industrial Smart Industrial Township, Pithampur Sector-7, District Indore, in Madhya Pradesh.The company applied for the allotment of Plot no. A-09-A, which measures an area of 30,700.00 Sq Mt. This strategic acquisition is intended to align with the company's long-term expansion strategy. Management expects the move to strengthen and augment operational capabilities, enable capacity expansion, diversify the product portfolio, and support future business opportunities...

Fineotex Chemical Ltd to Review Financial Results for Quarter Ended June 30, 2026 Fineotex Chemical Ltd has scheduled a Board of Directors meeting on July 23, 2026, to deliberate on the company's financial performance for the quarter ending June 30, 2026. The primary agenda for this meeting involves the consideration and approval of the Unaudited Standalone and Consolidated Financial Statements.The company has maintained a closed trading window for its securities following a previous notice issued on June 29, 2026. This restriction will remain in effect until the conclusion of the Board meeting and the subsequent declaration of the financial results. The trading window is expected to reopen 48 hours after the official announcement of...

Integra Engineering India Ltd Announces Quarterly Financial Results and Key Management Appointment Integra Engineering India Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company also confirmed a significant leadership appointment to oversee its financial operations.Quarterly Financial Performance The Board of Directors approved the standalone and consolidated unaudited financial results for the period ending June 30, 2026. The company operates in the manufacturing of machineries and components, which constitutes a single reportable segment under Ind AS-108 on Segment Reporting.The financial data for the quarter ended June 30, 2026, compared to the audited figures from March 31, 2026...