Markets

Acquirers to Launch Open Offer for Mahan Industries Limited Acquirers Mr. Nishil Sanjaykumar Shah and Mr. Niranjankumar Navratanmal Jain have announced an open offer to acquire up to 20,02,000 equity shares of Mahan Industries Limited. The offer represents 26% of the company's Expanded Voting Share Capital and is being made at a price of Rs. 12 per share, payable in cash.The acquisition follows a significant shift in the ownership structure of the target company. The transaction was triggered by a combination of a proposed preferential allotment and a private share purchase agreement. Under the terms of the agreement, the acquirers have agreed to acquire 52,169 shares from the selling promoter shareholder, Mr. Yogendrakumar Gupta, at...

Shakti Press Ltd Cancels Scheduled Board Meeting Shakti Press Ltd has announced the cancellation of its Board of Directors meeting, which was originally scheduled to take place on July 17, 2026. The company stated that the meeting, set to be held at the Registered Office of the company at 12:00 Noon, was cancelled due to unavoidable circumstances.The company had previously provided an intimation regarding this meeting on July 13, 2026. Following the cancellation, Shakti Press Ltd will provide updates regarding a revised date for the Board Meeting if and when a new schedule is established.Stock Price Movement Shakti Press Ltd shares slid by 3.05% today to settle at ₹16.53. The stock saw some volatility during the session, finding a...

Ugro Capital Ltd to Convene Board Meeting on August 4, 2026 Ugro Capital Limited has scheduled a meeting of its Board of Directors to take place on Tuesday, August 4, 2026. The primary agenda for the meeting includes the consideration and approval of the company's financial performance for the preceding quarter.The Board is expected to review the Unaudited Financial Results for both the standalone and consolidated positions for the quarter ended June 30, 2026. This review will be accompanied by the Limited Review Report.In addition to the financial reviews, the Board will deliberate on other items as permitted by the Chairperson. The meeting serves as a key milestone for the company to establish its financial standing and...

Andhra Cements Limited to Review First Quarter Financial Results in Upcoming Board Meeting Andhra Cements Limited has scheduled a meeting of its Board of Directors to review the company's financial performance for the first quarter of the fiscal year. The meeting is set to take place on July 27, 2026, at the company's registered office located in Jubilee Hills, Hyderabad.A primary agenda item for the board meeting is to consider and take on record the un-audited financial results for the period ended June 30, 2026. The proceedings will provide a comprehensive overview of the company's operational and financial standing during the first quarter of the year.The company has also maintained the closure of its trading window in...

India Power Corporation Limited Under Investigation by Serious Fraud Investigation Office India Power Corporation Limited (formerly known as DPSC Limited) has received a notice from the Serious Fraud Investigation Office (SFIO) regarding an investigation into its affairs. The notice was issued by the Ministry of Corporate Affairs (MCA), Government of India, in New Delhi.The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP). This process commenced following an order from the National Company Law Tribunal (NCLT), Hyderabad Bench-1, on May 15, 2026. Under this order, the powers of the Board of Directors have been suspended.The investigation was initiated by the Ministry of Corporate Affairs under Section...

La Opala RG Limited Announces Dividend and Tax Deductions for FY 2025-26 La Opala RG Limited has announced a dividend for the financial year ended March 31, 2026. The Board of Directors recommended a payment of Rs. 5.00 per equity share, representing a 250% dividend on shares with a face value of Rs. 2 each.The dividend will be distributed to members holding shares as of the record date following its declaration at the upcoming Annual General Meeting. The company has issued specific guidelines regarding Tax Deducted at Source (TDS) on these payments in accordance with the Income Tax Act, 2025, and the Finance Act, 2026.TDS Provisions for Resident Members The company has outlined specific tax rates and requirements for resident...

Magson Retail And Distribution Limited Approves Share Issuance and Key Director Appointments Magson Retail And Distribution Limited has received shareholder approval for a series of significant corporate actions, including the issuance of new equity shares and the re-appointment of key members to the company's leadership team. These decisions were finalized during the Extra-Ordinary General Meeting held on July 15, 2026.The primary action involves the creation, offer, issue, and allotment of up to 61,200 fully paid up equity shares. The issuance is structured as a private and preferential placement to non-promoters and the public. Each share carries a face value of INR 10, with an issue price set at INR 163.48, which includes a...

Mangalam Drugs and Organics Limited Reports Default on Bank Loan Obligations Mangalam Drugs and Organics Limited has reported a default on its loan obligations involving two banking institutions. The company confirmed that the defaults have persisted for a period exceeding 30 days.The company has identified overdue amounts related to Cash Credit accounts held with Bank of Maharashtra and Bank of Baroda. As of July 15, 2026, the outstanding balances are as follows:Sr.NoLoan Account Number - Cash Credit A/c. No.Name of BankAmount Overdue Rs. In Lacs as on 15/07/2026Date of start of Default160383561246Bank of Maharashtra951.1917/10/2025204170500000243Bank of Baroda606.0820/10/2025The company stated that it is currently...

The Andhra Sugars Limited Commissions Captive Solar Power Plant The Andhra Sugars Limited has commissioned a 1.5 MW Captive Solar Power Plant at its manufacturing facility located in Tanuku, West Godavari District, Andhra Pradesh.The integration of the solar power plant marks a significant operational update for the company's manufacturing site. The facility is designed to provide captive power to support the manufacturing operations at the Tanuku location.ANDHRSUGAR Stock Price Movement The Andhra Sugars Limited shares today slipped by 0.55% to settle at ₹84.54 after trading session concluded. The stock saw a total volume of 78,143 shares as it traded within an intraday range of ₹84.31 to ₹85.98.

PC Jeweller Limited to Raise Up to ₹1,000 Crore Through Qualified Institutions Placement PC Jeweller Limited has announced plans to raise funds up to an aggregate amount of ₹ 1,000 crore through a Qualified Institutions Placement (QIP). The company intends to issue equity shares with a face value of ₹ 1/- each, or other eligible securities, in one or more tranches.To facilitate this capital infusion, the Board of Directors has approved the creation of an additional 150 crore equity shares of ₹ 1/- each. This expansion will result in an increase in the company's authorised share capital from ₹ 1,310 crore to ₹ 1,460 crore.Capital Structure Adjustments The increase in authorised share capital involves a significant adjustment to the...

Shalby Limited to Host Earnings Conference Call for Q1FY2027 Results Shalby Limited has announced that it will conduct an earnings conference call on Friday, August 7, 2026, to discuss the company's financial results for the first quarter of the fiscal year 2027.The call is scheduled to begin at 4:00 PM IST. The session will feature key members of the leadership team who will provide insights into the company's operational performance and financial standing.Conference Call DetailsDetailInformationDateFriday, August 7, 2026Time4:00 PM ISTOrganizerElara Securities (India) Private LimitedSubjectQ1FY2027 Earnings DiscussionLeadership Participation The conference call will include the following representatives from...

Fabino Enterprises Ltd Appoints Mrs. Shipra Rathi as Company Secretary and Compliance Officer Fabino Enterprises Ltd, formerly known as Fabino Life Sciences Limited, has appointed Mrs. Shipra Rathi as the Company Secretary and Compliance Officer of the organization. The Board of Directors approved the appointment during a meeting held on July 16, 2026.Mrs. Rathi will serve as Key Managerial Personnel (KMP) in accordance with the provisions of the Companies Act, 2013, and other applicable regulations. Her appointment is effective from July 16, 2026, subject to the terms and conditions presented before the Board. The term of her appointment remains open-ended, continuing until she submits her resignation or receives further orders from...

Sylph Industries Ltd Announces Resignation of Executive Managing Director Sylph Industries Limited has announced that the Board of Directors has accepted the resignation of Mr. Hasmukh Nanalal Shah from his position as Executive Managing Director. The decision follows a board meeting held on July 16, 2026, in Indore.The resignation is effective from the close of business hours on July 16, 2026. According to the official details provided by the company, Mr. Hasmukh Nanalal Shah cited personal reasons and other commitments as the basis for his departure. The director has confirmed that there are no other material reasons for the resignation beyond those stated in his formal letter.The leadership transition marks a significant...

Heritage Foods Reports Record Quarterly Revenue of ₹13,381 Million Amid Elevated Milk Inflation Heritage Foods Limited has announced its financial results for the quarter ended June 30, 2026, highlighting a significant milestone as the company achieved its highest-ever quarterly revenue. The dairy major reported a consolidated revenue of ₹13,381 million, representing an 18% year-on-year (YoY) growth, despite facing one of the most inflationary milk procurement environments in recent years.Strategic Navigation of Milk Inflation The company navigated a challenging industry landscape where average landed milk procurement prices rose to ₹46.61 per liter, a 7.2% increase YoY. In response to industry-wide milk shortages, Heritage Foods...

RBI Issues Landmark Prudential Norms on Specified Non-Financial Assets to Strengthen Financial Stability The Reserve Bank of India (RBI) has officially released the final Prudential Norms regarding Specified Non-financial Assets (SNFA) acquired by regulated entities. This regulatory move marks a significant step in defining how financial institutions manage and hold non-financial assets within their portfolios.The announcement comes following an extensive consultative process initiated by the central bank in early 2026. The RBI sought stakeholder feedback on initial draft directions to ensure the framework aligns with industry realities and systemic stability requirements.Integration of Stakeholder Feedback into Final Regulatory...

Integra Engineering India Ltd Appoints Kinnar Joshi as Chief Financial Officer Integra Engineering India Ltd has appointed Mr. Kinnar Joshi as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, effective July 16, 2026. The appointment was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee and the Audit Committee.Mr. Joshi joins the leadership team with over 21 years of experience in Finance, Accounting, Cost Management, and Strategic Business Management across the manufacturing and trading sectors. He is a qualified Cost Accountant (CMA), holds an MBA in Finance, and is a Commerce Graduate. His professional background includes expertise in...

Greenply Industries Limited Announces 36th Annual General Meeting and Dividend Record Date Greenply Industries Limited has scheduled its 36th Annual General Meeting, which will be conducted via Video Conferencing or other Audio Visual Means. The meeting is set to take place on Tuesday, August 25, 2026, at 11:00 a.m. Indian Standard Time.The company will provide the notice detailing the businesses to be transacted at the meeting along with the Annual Report for the fiscal year ended March 31, 2026, to its members in due course.Dividend Declaration and Record Date In relation to the final dividend for the financial year ended March 31, 2026, the Board of Directors recommended a final dividend of Re. 0.50 per equity share of Re. 1 each...

Jay Sonawala to Conclude Tenure as Independent Director at Onward Technologies Limited Onward Technologies Limited has announced that Mr. Jay Sonawala will conclude his term as an Independent Director of the company. His tenure will officially end at the close of business on July 20, 2026.The company acknowledged the contributions made by Mr. Sonawala during his association with the organization. The transition marks the completion of his scheduled term as an Independent Director.The following table provides specific details regarding the conclusion of his tenure:Event DetailsInformationReason for changeRetirement due to Completion of Tenure as an Independent DirectorDate of cessation and terms of appointmentCompletion of...

Rama Phosphates Ltd to Convene Board Meeting for Quarterly Financial Results Rama Phosphates Limited has announced that its Board of Directors will meet on July 24, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026.The company operates in various sectors, including the production and distribution of products such as Sulphuric Acid, Oleum, Chlorosulfhonic Acid, Edible Soya Oil, Soya De Oiled Cake, Lecithin, Mix Micronutrients, Sulphur DP, SSF, Phospho Gypsum, and LABSA.As part of the standard procedure surrounding the publication of quarterly results, the company has implemented a closure of the trading window under its Code of Conduct for Prohibition of Insider Trading. The trading...

Jayshree Chemicals Ltd Announces Board Approvals for Financial Results, Appointments, and Leadership Changes Jayshree Chemicals Limited has announced several key corporate developments following a Board of Directors meeting held on July 16, 2026. The updates include the approval of unaudited financial results for the quarter ended June 30, 2026, significant leadership appointments, and the resignation of an Independent Director.Financial Performance for Quarter Ended June 30, 2026 The Board has approved the unaudited financial results for the quarter ending June 30, 2026. The results were reviewed by the Audit Committee and issued with a Limited Review Report by M/s. AMK & Associates.The company reported a total income of Rs. 581.23...