Markets

Jubilant Pharmova Ltd Secures Deletion of Rs 22.10 Crore Tax Demand for Assessment Year 2020-21 Jubilant Pharmova Ltd has received a rectification order from the Income Tax Department regarding tax demands associated with Assessment Year 2020-21. The order, received on July 15, 2026, confirms that a tax demand of Rs. 22.10 crores stands deleted in its entirety.Rectification Process and Legal Status The company initiated a rectification application against certain tax demands raised by the Income Tax Department for Assessment Year 2020-21. The application was filed with the Assessing Officer to address mistakes apparent from the record in the assessment order. Following this process, the relevant Assessing Officer granted relief...

JBM Auto Subsidiary Incorporates Greenpath Mobility Ventures Private Limited JBM Auto Limited has announced the incorporation of a new subsidiary named Greenpath Mobility Ventures Private Limited (GMVPL). The entity was established on July 15, 2026, as a wholly owned subsidiary of JBM Ecolife Mobility Private Limited (JBM Eco), which itself operates as a subsidiary and joint venture of JBM Auto Limited.The newly formed company is registered in India with the Registrar of Companies for NCT of Delhi and Haryana. While the registration process is complete, Greenpath Mobility Ventures Private Limited is currently prepared to commence its business operations.Greenpath Mobility Ventures Private Limited was established with specific...

SPEL Semiconductor Schedules Board Meeting to Consider Rights Issue and QIP for Fund Raising SPEL Semiconductor Limited, an IC Assembly and Test Company, has scheduled a meeting of its Board of Directors on July 20, 2026, at 10:15 AM. The primary agenda for this session is to consider and approve the raising of funds for the company through one or more Rights Issues, Qualified Institutional Placements (QIPs), or a combination of both instruments.The proposed fund raising measures are intended to provide the company with necessary capital as it continues its operations in the semiconductor assembly and testing sector. The board will review the specific terms and structures associated with these potential offerings.In relation to this...

Sai Silks (Kalamandir) Ltd Reports Status of IPO Proceeds Utilization for June 2026 Quarter Sai Silks (Kalamandir) Limited has released a report from its monitoring agency, CARE Ratings Limited, regarding the utilization of proceeds from its Public Fresh Issue. The reporting period covers the quarter ended June 30, 2026.The company raised Rs. 600 crore through a public fresh issue of equity shares during September 2023. Out of the total proceeds received, Rs. 33.76 crore were incurred as expenses related to the issue, leaving a net amount of Rs. 566.24 crore available for utilization.As of June 30, 2026, the company has utilized Rs. 539.47 crore of the available funds. The remaining unutilized amount stands at Rs. 26.77 crore...

Mukesh Babu Financial Services Limited Schedules 41st Annual General Meeting Mukesh Babu Financial Services Limited has announced that its 41st Annual General Meeting (AGM) is scheduled to take place on Wednesday, August 12, 2026. The meeting will commence at 4:00 p.m. and will be conducted via Video Conference (VC) and other Audio Visual Means (OAVM).The company has provided a specific timeline for remote e-voting procedures associated with the annual meeting. Shareholders are expected to note the cut-off date and the window provided for electronic voting participation.Event DetailDate and TimeAnnual General Meeting (AGM)Wednesday, August 12, 2026 at 4:00 p.m.Mode of MeetingVideo Conference (VC) / Other Audio Visual Means...

Dabur Halves Top Executive Incentives Following Challenging FY26 Performance Dabur India has significantly reduced performance-linked incentives for its top leadership following a demanding fiscal year. The FMCG giant's annual report reveals that the company halved the incentive payouts for both its Global CEO and Whole-time Director.The reduction comes as the company navigates a complex operational landscape. These adjustments reflect the scrutiny of an internal appraisal process conducted by the Nomination and Remuneration Committee.Executive Compensation Adjustments for FY26 Mohit Malhotra, who was elevated to the position of Global CEO in February 2026, saw his performance-linked bonus reduced by 50 percent. His incentive payout...

Deepak Spinners Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Deepak Spinners Limited has announced that its Board of Directors will convene on August 6, 2026, to consider and approve the company's unaudited financial results for the quarter ended June 30, 2026.The board meeting is scheduled to evaluate the financial performance of the company during the specified period. This review provides an overview of the organizational standing for the quarter ending in June.Event DetailsSchedule and PeriodBoard Meeting DateAugust 6, 2026Financial Reporting PeriodQuarter ended June 30, 2026Status of ResultsUnauditedIn relation to the announcement of these financial results, the trading window for dealing...

ITC Hotels Shares Plunge 5% Following Sharp Sequential Drop in Q1 Net Profit Shares of ITC Hotels witnessed a significant sell-off on Thursday as investors reacted to underwhelming financial results for the June quarter. The stock traded at ₹173.50 per share on the NSE, marking a sharp decline of 5.44 percent by late afternoon trading.Weak Quarterly Performance Triggers Sell-Off The primary catalyst for the price depreciation was the company's reported consolidated profit and revenue figures. Investors responded to a sharp sequential decline in these key metrics compared to the previous period.Market data reveals that the net profit for the first quarter saw a substantial 43 percent sequential decrease. This sudden drop in...

SpaceX Set for Critical Starship Launch as Investors Eye Success After Blockbuster IPO SpaceX is scheduled to conduct a pivotal test flight of its massive Starship rocket this Thursday at 5:45 p.m. local time from the Starbase facility in South Texas. This mission represents a significant milestone for the vehicle, which serves as a cornerstone for Elon Musk's ambitions regarding space exploration, satellite infrastructure, and artificial intelligence.The upcoming launch marks the second flight of the upgraded Version 3 (V3) rocket. During this test, the spacecraft will carry upgraded Starlink satellites designed to burn up in the atmosphere following their deployment.This flight is particularly noteworthy as it is the first since...

Gujarat Containers Ltd Approves Appointment of New Secretarial Auditor and Reschedules Annual General Meeting Gujarat Containers Ltd held an adjourned board meeting on July 16, 2026, at its corporate office in Vadodara to deliberate on several key operational matters. The proceedings were conducted via video conferencing and other audio-visual means. During the meeting, the Board approved updates regarding audit appointments, the approval of the company's report, and a rescheduling of shareholder meetings.Appointment of New Secretarial AuditorThe company accepted the resignation of Mr. Jayesh Vyas of M/s. Jayesh Vyas & Associates as the Secretarial Auditor due to personal reasons. To fill this casual vacancy, the Board approved the...

Newgen Software Shares Slump as Q1 Net Profit Plummets 41% Sequentially Newgen Software Technologies Ltd. shares witnessed a decline of approximately 3% following the announcement of its financial results for the June quarter. The stock was trading at roughly ₹541.95 apiece as of 3:20 pm on July 16, reflecting investor reaction to a significant sequential drop in profitability.The company reported a consolidated net profit of ₹63 crore for the June period, which represents a sharp 41% decrease compared to the ₹106 crore earned in the preceding quarter. This contraction was primarily driven by a sequential decline in revenue from operations, which fell over 21% to reach ₹357 crore.Annual Growth Performance and Other Income Surges...

Wardwizard Healthcare Ltd Appoints New Statutory Auditors and Updates Official Website Wardwizard Healthcare Ltd, formerly known as Ayoki Mercantile Limited, has announced significant corporate updates following a Board of Directors meeting held on July 16, 2026. The company confirmed the appointment of a new statutory auditor to fill a casual vacancy and initiated a transition to a new official website to align with branding requirements.The Board approved the appointment of M/s M G S A & Company (FRN: 022481C) as the Statutory Auditor for the company. This appointment follows the resignation of M/s. Mahesh Udhwani & Associates. The appointed firm will serve an initial term of five consecutive years, subject to approval by members at...

Artefact Projects Limited Secures Supervision Consultancy Order for National Highway Project Artefact Projects Ltd has been awarded a contract to provide supervision consultancy services for an infrastructure project located in Chhattisgarh. The company will be executing the project in association with M/s KCS Engineering Private Limited.The scope of work involves providing Supervision Consultant (SC) services during the operation and maintenance (O&M) stage phase for the 4-lane Bilaspur-Urga section of NH-130A. This specific stretch covers design Ch. 0.000 to Ch 70.200, spanning from NH-49 near Dheka village to Bhiasma village.The contract was awarded by the National Highways Authority of India. The project is categorized as a...

Marsons Limited Announces Resignation of Independent Director and Committee Reconstitution Marsons Limited has announced that Mr. Mohammad Tinku will resign from his position as an Independent Director, effective at the close of business hours on July 16, 2026. The resignation is due to pre-occupation and other personal commitments. As a result of this transition, Mr. Mohammad Tinku will also vacate his positions as a member of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee.The Board of Directors passed a resolution on July 15, 2026, to reconstitute these committees. Mr. Surojit Ghosh, who serves as a...

InfoBeans Technologies Limited to Review Financial Results in Upcoming Board Meeting InfoBeans Technologies Limited has scheduled a board of directors meeting for July 21, 2026, at 7:00 p.m. The meeting is set to take place at the company premises located in Indore, Madhya Pradesh.The agenda for this session involves the consideration and approval of the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2026. This review will focus on the company's financial performance during the specified timeframe.Board Meeting Details:CategoryInformationDateJuly 21, 2026Time7:00 p.m.LocationIndore, MPPurposeApproval of un-audited standalone and consolidated financial results for the...

PC Jeweller Accelerates Debt Repayment Schedule as Shares Face Profit Booking PC Jeweller Settles Obligations with Additional Consortium Lender PC Jeweller has announced the successful repayment of outstanding debts to another banking institution on Thursday. This move brings the total number of consortium lenders whose dues have been settled to four.The company disclosed in an exchange filing that this settlement adheres to its strategic goal of becoming debt-free during the current quarter. The repayment was executed under the specific terms of a settlement agreement dated September 30, 2024.Strategic Early Repayments and Debt Reduction Goals With this latest action, PC Jeweller has now cleared liabilities for four out of the 14...

Crestchem Ltd Announces Record Date for FY 2025-26 Dividend Crestchem Ltd has announced the record date for its dividend payments pertaining to the financial year 2025-26. The company confirmed that shareholders listed as beneficial owners will be eligible to receive a dividend of 15% per equity share, which corresponds to Rs. 1.50 per equity share.The Board of Directors approved this decision during a meeting held on July 4, 2026. The record date is set for July 30, 2026. Eligibility will be determined based on the list of beneficial owners furnished by National Securities Depository Limited and Central Depository Securities Limited.CategoryDetailsFinancial Year2025-26Record DateJuly 30, 2026Dividend Percentage15% Per...

GSB Finance Limited to Hold Extra-Ordinary General Meeting for Capital Expansion and Name Change GSB Finance Limited is scheduled to hold its Extra-Ordinary General Meeting (EGM) on August 10, 2026, at 12:30 p.m. IST. The meeting will be conducted via Video Conferencing and other audio visual means to deliberate on significant corporate developments involving the company's capital structure, business expansion, and branding identity.The primary agenda for the meeting includes an increase in authorized share capital, a preferential issuance of equity shares, and a formal change in the company name.Increase in Authorized Share Capital The company intends to increase its authorized share capital from Rs. 6,00,00,000 (Rupees Six Crores...

South Korea Halts New Single-Stock Leveraged ETFs as Regulators Tackle Rising Market Volatility The Financial Services Commission (FSC) of South Korea has announced a temporary ban on the listing of new exchange-traded funds (ETFs) tied to major technology firms. This regulatory move aims to stabilize markets that have experienced significant turbulence due to high-risk investment products.Starting August 5, the minimum cash balance required to trade single-stock leveraged ETFs will rise from 10 million won ($10,300) to 30 million won ($20,300). This intervention marks a sharp pivot by regulators following the approval of domestic single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix in late May.Authorities have...

Brand Concepts Limited Expands Retail Presence with New Store at Mumbai Airport Brand Concepts Limited has announced the opening of a new retail store under the brand name 'Bagline.' The establishment is located at Chhatrapati Shivaji Maharaj International Airport in Mumbai as part of the company's strategic expansion efforts.The new outlet is situated at Unit No. 4060, Pre SHA Terminal-02, near Gate No. 3 on Sahar Road, Andheri (East), Mumbai. This expansion is designed to improve customer accessibility and enhance the services provided by the brand.The addition of this store marks a continued effort by Brand Concepts Limited to grow its retail footprint. The location serves as a key point for customers accessing the international...