Markets

Mahan Industries Ltd Announces Open Offer for Acquisition of 26% Stake Mahan Industries Limited has announced an open offer for the acquisition of up to 2,002,000 equity shares, representing 26% of its Expanded Voting Share Capital. The offer is being made by Mr. Nishil Sanjaykumar Shah (Acquirer-1) and Mr. Niranjankumar Navratanmal Jain (Acquirer-2).The acquisition comes following a series of transactions involving preferential allotments and a share purchase agreement. Upon completion of these transactions, the Acquirers will acquire control over the Target Company and become its promoters. The existing promoter, Mr. Yogendrakumar Gupta, will relinquish control and management of the company as part of the agreement.The Open Offer...

HDFC Asset Management Company Assigned ESG Rating of 80.9 HDFC Asset Management Company Limited has been assigned an Environmental, Social, and Governance (ESG) rating of 80.9 by SES ESG Research Private Limited.The rating was issued by SES ESG Research Private Limited in a communication dated July 15, 2026. The assessment was conducted independently by the research firm based on information available in the public domain.HDFC Asset Management Company Limited has clarified that it did not engage SES ESG Research Private Limited to perform this specific rating or generate the associated report.HDFCAMC Stock Price Movement HDFC Asset Management Company Limited shares today tumbled by 4.70% to settle at ₹2,602.20 after a sharp...

Crompton Greaves Consumer Electricals Limited to Review Quarterly Financial Results in August Board Meeting Crompton Greaves Consumer Electricals Limited has scheduled a meeting of its Board of Directors on Thursday, August 06, 2026, to deliberate upon and approve the company's unaudited financial results for the quarter ended June 30, 2026.The board meeting will cover both standalone and consolidated financial performance for the period. The company intends to publish these financial results on its official website and in newspapers following the conclusion of the meeting on August 06, 2026.Trading Window Restrictions In alignment with internal codes of conduct and regulations regarding insider trading, the company has implemented...

Shree Balaji Mala Textiles Set to Debut with ₹18.9 Crore IPO as SME Segment Momentum Builds Shree Balaji (Mala) Textiles, a prominent Kolkata-based contract manufacturer and wholesaler of cotton sarees, has officially announced its maiden public issue scheduled to open on July 22.The company joins a busy week for the SME segment, becoming the third firm to launch an IPO after Gulf Lloyds (India) and Metalic Technoforge. The issuance is expected to draw significant attention from retail and institutional investors seeking growth in the textile manufacturing space.Issue Details and Valuation Framework The B2B saree manufacturer aims to raise Rs 18.9 crore through the initial sale of 27 lakh shares. The issue is priced at an upper band...

Sotefin Bharat IPO Faces Slow Start on Day 1 as Grey Market Premium Signals 10% Upside The maiden public issue of Kolkata-based automated car parking solutions provider, Sotefin Bharat, saw a sluggish debut on the first day of bidding. The subscription data released on July 16 indicates that the market remains cautious despite a significant premium being observed in the grey market.The Rs 90 crore initial public offering (IPO) recorded just a 22 percent subscription during its opening day. Investors bid for 7.57 lakh shares out of the total offer size of 34.32 lakh shares, which were registered through 545 applications.Mixed Investor Participation and Institutional Silence While retail and non-institutional investors provided a...

Havells India to Expand Cable Manufacturing Capacity at Tumakuru Facility Havells India Ltd has announced a significant expansion of its cable manufacturing capabilities at its facility located in the Vasanthnarasapura Industrial Area, Tumakuru, Karnataka. The company intends to increase its annual production capacity from 4,59,600 Kms to 7,34,640 Kms per annum.The expansion follows a previous phase of growth where the company successfully increased its capacity from 3,48,000 Kms per annum to 4,62,600 Kms per annum. As of the current reporting date, the company has partially completed that initial expansion, achieving an annual manufacturing capacity of 4,59,600 Kms at the Tumakuru site.Expansion PhaseCapacity (Kms per...

Jindal Worldwide Limited Projects Significant Export Growth Following India-UK Free Trade Agreement Jindal Worldwide Limited, a prominent integrated textile manufacturer in India, has highlighted the strategic importance of the newly signed India-UK Free Trade Agreement (FTA). The company anticipates that the agreement will serve as a catalyst for significant export growth and provide a more competitive landscape for Indian textile products in the United Kingdom.The FTA is expected to eliminate tariffs on a broad spectrum of Indian textile and apparel products. This development provides Indian manufacturers with a level playing field, enabling them to compete more effectively against countries that currently benefit from preferential...

Jio Financial Services Reports 156% YoY Profit Growth in Q1 FY27 Jio Financial Services Limited (JFSL) has announced its unaudited financial results for the first quarter of the financial year 2026-27, ended June 30, 2026. The company reported significant growth across several key metrics, highlighted by a substantial increase in profit and an expansion of its business footprint across lending, payments, and investment sectors.Financial Performance Overview The company recorded a Profit After Tax (PAT) of ₹830 crore for the quarter, representing a 156% year-on-year (YoY) increase compared to the same period in the previous fiscal year. The Total Income (ex-dividend) stood at ₹1,496 crore, an increase of 141% YoY.Key financial...

Piramal Finance Reports 67% YoY Profit Growth in Q1 FY27; Board Approves ₹ 4,000 Crore Fund Raise Piramal Finance Limited, a prominent Non-Banking Financial Company (NBFC), has announced its financial results for the first quarter ended June 30, 2026. The company reported a Profit After Tax (PAT) of ₹ 461 Cr, representing a significant 67% year-on-year (YoY) increase.The growth was underpinned by a 25% YoY rise in Assets Under Management (AUM) to ₹ 1,06,940 Cr. This expansion was primarily driven by a 32% YoY increase in Growth AUM, which excludes the discontinued legacy business. Retail disbursements saw a robust 44% YoY climb to ₹ 12,527 Cr, highlighting strong customer demand and business momentum.In terms of operational reach...

Enser Communications Limited Reports Non-Applicability of Corporate Governance Provisions for June 2026 Quarter Enser Communications Limited has confirmed that the corporate governance provisions specified under Regulation 27(2) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to the company for the quarter ended June 30, 2026.The company, which was formerly known as Enser Communications Private Limited, is listed on the Emerge Platform of the National Stock Exchange of India Limited. Based on its listing status, the company falls under the ambit of Regulation 15(2)(B). This specific classification exempts the entity from several corporate governance...

Chembond Chemicals Limited Announces Unaudited Financial Results for Quarter Ended June 30, 2026 Chembond Chemicals Limited has announced its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved the financial statements during a meeting held on July 16, 2026.The group, which primarily operates in the manufacture of Specialty Chemicals, reported a steady performance across its business segments. The financial results for the quarter were reviewed by the Audit Committee and subjected to a limited review by statutory auditors.Consolidated Financial Performance On a consolidated basis, the company reported a revenue from operations of ₹ 8,648.22 lakhs for the...

Bhilwara Spinners Ltd to Convene Board Meeting for Quarterly Financial Results Bhilwara Spinners Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ended June 30, 2026. The meeting is set to take place on July 24, 2026, at 03:00 P.M.The proceedings will be held at the company's registered office located in Gandhi Nagar, Bhilwara, Rajasthan. The primary agenda for the session involves the consideration and approval of the financial performance metrics for the period ending June 30, 2026.In conjunction with this period, the company has implemented a trading window closure. The trading window for securities of the company remains closed from July 1, 2026, and will...

Nitin Jaiswal Resigns as Independent Director of Investdirect Capital Services Private Limited Niyogin Fintech Limited has announced the resignation of Mr. Nitin Jaiswal from his position as an Independent Director of its material unlisted subsidiary, Investdirect Capital Services Private Limited.The resignation became effective from the close of business hours on July 16, 2026. According to the official communication, Mr. Jaiswal stepped down from the role due to pre-occupation and other professional commitments.During his tenure as an Independent Director for Investdirect Capital Services Private Limited, Mr. Jaiswal served as a member of the Audit Committee. He also held an Independent Director position with Niyogin Fintech...

Punjab National Bank Secures Withdrawal of Monetary Penalty from NSE Punjab National Bank has received a withdrawal of the monetary penalty previously imposed by the National Stock Exchange of India Limited (NSE) regarding non-closure of Vulnerability Assessment and Penetration Testing (VAPT) vulnerabilities for the Financial Year 2024-2025.The penalty, which was originally valued at Rs. 3,35,000 (Rupees Three Lakh Thirty-Five Thousand only), was initially levied by the NSE following a previous notice issued in June 2025. The withdrawal follows a representation submitted by the bank and aligns with SEBI Advisory guidelines, which specify that penalties for common Trading Members must be strictly levied only by their designated...

Alok Industries Ltd Reports Net Loss of Rs. 136.20 Crore for Quarter Ended June 30, 2026 Alok Industries Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss of Rs. 136.20 Crore for the standalone period, while the consolidated net loss stood at Rs. 138.25 Crore.The financial performance reflects an ongoing period of operational restructuring as the company navigates its current turnaround phase. Despite the losses, the company reported a positive EBITDA of Rs. 59.57 Crore for the quarter ended June 30, 2026. The statements were prepared on a going concern basis, supported by cash flow projections and anticipated growth within the textile industry.Consolidated...

Shakti Pumps India Ltd to Convene Board Meeting on July 24, 2026 Shakti Pumps India Ltd has scheduled a meeting of its Board of Directors to be held on Friday, July 24, 2026. The meeting will be conducted via video conferencing and is set to address key financial updates for the current fiscal year.The primary agenda for the board meeting includes the consideration and approval of the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. These results will be presented alongside the Limited Review Report. Additionally, the board will deliberate on other matters subject to the approval of a majority of the directors.In connection with these proceedings, the company has initiated a trading...

GP Petroleums Ltd to Hold Board Meeting on July 24, 2026 GP Petroleums Ltd has scheduled a meeting of its Board of Directors to be held on Friday, July 24, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means.The board is expected to deliberate on and approve several key items related to the company's performance and shareholder distributions for the preceding financial periods. Key agenda items include:Agenda ItemDescriptionFinancial ResultsUn-audited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026Dividend RecommendationRecommendation of final dividend on equity shares for the financial year ended March 31, 2026MiscellaneousAny other business with the...

City Union Bank Announces Board Meeting to Review June 2026 Quarterly Results City Union Bank has scheduled a meeting of its Board of Directors on July 28, 2026, to deliberate on and approve the bank’s financial performance for the quarter ending June 30, 2026.The board meeting will specifically focus on reviewing the un-audited standalone financial results for the period. These results are subject to a limited review by the Joint Statutory Central Auditors of the bank.In alignment with internal codes of conduct and applicable insider trading regulations, the bank has established a specific timeline for the trading window. The window for dealing in the bank's securities is scheduled to open on July 31, 2026.The company has...

Canara HSBC Life Insurance Announces Updated Representation for Q1FY27 Earnings Conference Call Canara HSBC Life Insurance Company Limited has updated the leadership representation for its upcoming earnings conference call regarding the unaudited financial results for the quarter ended June 30, 2026.The company confirmed that Mr. Soly Thomas, Deputy Chief Executive Officer and Chief Distribution Officer (Bancassurance), will be representing the company alongside other senior management officials during the scheduled interaction with investors and analysts. This update follows a previous communication from the company dated July 15, 2026. All other details regarding the conference call remain unchanged.Conference Call Schedule The...

Premier Energies Limited Incorporates Wholly Owned Subsidiary in Battery Storage Sector Premier Energies Limited has announced the incorporation of a wholly owned subsidiary, Premier Battery Technologies Private Limited. The company received the Certificate of Incorporation from the Central Registration Centre, Registrar of Companies, on July 16, 2026.The new entity, Premier Battery Technologies Private Limited, was incorporated on July 15, 2026, in India. It is positioned as a wholly owned subsidiary and a related party of Premier Energies Limited. The company operates within the Battery and Battery Energy Storage Systems sector.Premier Battery Technologies Private Limited was established to conduct business activities involving...