Markets

SGB Investors Gain Clarity: RBI Announces Redemption Price for Sovereign Gold Bond Premature Payout RBI Sets Redemption Rate for Sovereign Gold Bonds (SGB) 2019-20 Series-II The Reserve Bank of India (RBI) has finalized the redemption price for premature redemptions under the Sovereign Gold Bond (SGB) Scheme. This notification clarifies the valuation process for investors utilizing SGB 2019-20 Series-II, which was initially issued on July 16, 2019.Premature redemption of these gold bonds is permitted starting after the fifth year from the issue date and must be executed on the date when interest is payable. Consequently, the next scheduled due date for premature redemptions of this tranche is established as July 16, 2026.Valuation...

Cosmic CRF Subsidiary Secures Contracts from Infrastructure Firms, Totaling 157.97 Lakhs Cosmic CRF Ltd's subsidiary, Mss. N. S. Engineering Projects Private Limited, has secured multiple purchase orders from various infrastructure companies, with the aggregated value reaching 157.97 Lakhs. These contracts span several months and pertain to specialized manufacturing products for the infrastructure sector.The contracts awarded by the infrastructure industry are primarily domestic in nature. The orders cover diverse requirements, including fabricated poles and steel tubular components, with completion periods ranging from one month to three months.The company's subsidiary has received seven distinct purchase orders detailing various...

SBFC Finance Limited Appoints Sanket Agrawal as New Chief Financial Officer SBFC Finance Limited has announced a key change in its leadership, appointing Mr. Sanket Agrawal as the new Chief Financial Officer (CFO). The decision follows the resignation of Mr. Narayan Barasia from his post.The Board of Directors at a meeting held on July 15, 2026, approved the appointment of Mr. Sanket Agrawal, who is currently serving as Chief Strategy Officer and IR of the company, to be the CFO and Key Managerial Personnel. This change is effective from July 16, 2026, following a recommendation by the Nomination and Remuneration Committee and the Audit Committee.Prior to this appointment, Mr. Narayan Barasia tendered his resignation as Chief...

Nestle India Limited Receives Re-assessment Demand Order from Tripura Tax Authority Nestle India Limited has received a re-assessment order related to state taxation in Tripura, comprising significant demands for Value Added Tax and associated penalties. The company confirmed the receipt of this order on July 14, 2026.The Superintendent of Taxes Charge-IV, Office of the Superintendent of Taxes in Agartala, issued the Re-assessment Order under Section 36(1) of the Tripura Value Added Tax Act, 2004 and Section 9(2) of CST Act, 1956. The order confirmed several demands against Nestle India Limited.Key details of the re-assessment demand include:VAT Demand: Rs. 3,41,01,270/- Applicable Interest: Rs. 2,91,56,585.88/- Penalty: Rs...

Consumer Commission Orders Crompton Greaves to Replace Motor and Pay Compensation in Rohtak Case Crompton Greaves Consumer Electricals Ltd has received an order from the District Consumer Disputes Redressal Commission, Rohtak, Haryana, concerning a consumer complaint regarding a non-functional motor. The commission mandated several actions against the company, including product replacement and various financial payments.The dispute arose when a consumer alleged that a 1.5 H.P motor purchased under the 'Crompton' brand was not functioning correctly. Crompton Greaves Consumer Electricals Ltd received the order from the authority on July 14, 2026, following an initial direction date of May 29, 2026.The details pertaining to the...

Powerica Limited Receives Show Cause Notice in Connection with Income Tax Assessment Year 2021-22 Powerica Limited has received a Show Cause Notice from the Income Tax Department regarding the Assessment Year (AY) 2021-22. The company downloaded the notice from the Income Tax portal on July 15, 2026.In relation to this development, Powerica Limited has also submitted a formal request seeking rectification of an underlying Assessment Order, which was dated March 26, 2026, issued under Section 147 read with Section 144B of the Income Tax Act, 1961. This penalty notice is understood to be a follow-up to those prior proceedings.The material details concerning this communication and its implications for Powerica Limited are summarized...

KKR-backed Opal Bidco Secures Control of STT GDC in Major Infrastructure Consolidation The Competition Commission of India (CCI) has granted approval for the acquisition of 100% shareholding in STT GDC Pte. Ltd. by Opal Bidco Pte. Ltd. This significant regulatory clearance addresses a key move within the data centre and infrastructure technology sector.The proposed transaction involves Opal Bidco acquiring full ownership of STT GDC from multiple investors, including Ruby Asia Holdings II Pte. Ltd., Singtel Interactive Pte. Ltd., Sunstone Investment Pte. Ltd., and One Hundred And Thirty First Investment Company - Sole Proprietorship LLC (MIC Entity). The CCI’s approval formalizes the consolidation efforts within this critical industry...

Monarch Surveyors and Engineering Consultants Ltd Wins Contract for Licensed Surveyor in Parbhani Monarch Surveyors and Engineering Consultants Limited has secured a significant work order valued at Rs. 4,36,17,000/- for the Selection of Agencies for Licensed Surveyor for the District Superintendent of Land Records, Parbhani. The contract is expected to positively impact the company's business operations.The project involves providing services related to the Selection of Agencies for the licensed surveyor role at the District Superintendent of Land Records in Parbhani. This contract falls under domestic work and does not constitute a related party transaction.Details regarding the awarded contract are as follows...

Ministry of Ayush and University Partner to Turbocharge Indian Bioeconomy Through Medicinal Plant Innovation A landmark Memorandum of Understanding (MoU) was signed today between the National Medicinal Plants Board (NMPB), under the Ministry of Ayush, and the University of Delhi through Bhaskaracharya College of Applied Sciences (BCAS). The partnership aims to significantly bolster scientific research, product development, and sustainable utilization of India’s vast medicinal plant resources.The signing ceremony took place at Kartavya Bhawan in New Delhi, attended by Shri Prataprao Jadhav, Union Minister of State (Independent Charge), Ministry of Ayush, alongside the Minister of State for Health and Family Welfare. This strategic...

Reliance Industrial Infrastructure Reports Q1 FY 26-27 Results; Consolidated Income Declines amid Contract Completions Reliance Industrial Infrastructure Ltd. (RIIL) released its unaudited financial results for the quarter ended June 30, 2026. The company reported consolidated and standalone performance metrics across various income and expense lines, noting that a decline in total income was observed following the completion of certain fixed-term contracts during the period.Consolidated Financial Performance The consolidated financials showed changes compared to previous quarters for the quarter ended June 30, 2026 (Q1 FY 26-27). Total Income stood at ₹1,492 lakh, a decline from ₹1,828 lakh recorded in Q1 FY 25-26.Net Profit for...

Aeroflex Neu Ltd. Appoints Independent Directors, Approves Major Stake Disposal in Subsidiary Aeroflex Neu Limited announced several significant corporate developments following a meeting of its Board of Directors on July 15, 2026. The company approved the appointment of two new independent directors and finalized the sale of its entire equity holding in material subsidiary Fibcorp Polyweave Private Limited (FPPL). Additionally, the Board sanctioned modifications to the objects related to a future preferential issue of warrants.New Independent Directors Appointed The Board of Directors approved the appointments of Mr. Arpit Kalani and Mr. Tapan Tanmay Kothari as Additional Independent Directors. Both appointments are effective from...

JSW Infrastructure Ltd Announces Board Meeting to Approve Q1 Financial Results; Trading Window Reopens July 24 JSW Infrastructure Ltd has scheduled a meeting of its Board of Directors to review and approve the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The company also provided an update regarding the timeline for reopening its trading window.The Board Meeting is set to take place on Tuesday, July 21, 2026. During the meeting, the directors are expected to consider and approve the aforementioned financial results. This announcement follows a prior intimation made by the company on June 26, 2026.In addition to the board approval process, JSW Infrastructure Ltd provided details...

Atul Auto Ltd Board Meeting Scheduled for Q1 Financial Results Approval Atul Auto Limited has scheduled a Board meeting to review and approve its unaudited financial results for the quarter ending June 30, 2026. The management confirmed that the meeting is slated for Saturday, August 08, 2026.The company's Board of Directors will utilize this meeting to consider and formally approve both the standalone and consolidated financial results pertaining to the first quarter of the fiscal year.In line with regulations governing insider trading, Atul Auto has also announced specific restrictions regarding securities dealing. The trading window for the company's securities is closed up to forty-eight hours following the announcement of the...

IPO Debut Boom! Laser Power & Infra, Happy Steels Set for Market Entry Amid Strong Investor Demand Three companies are set to make their stock market debut on July 16 after completing their recent Initial Public Offerings (IPOs). This milestone day is characterized by strong investor interest in emerging players. Additionally, three other public issues, including a major asset manager and two SME ventures, will conclude their subscription process on the same day.IPO Successes: Three Companies Debut on July 16 The focus remains on companies completing their fund-raising efforts. Laser Power & Infra, a power transmission manufacturer based in Kolkata, is one of the key debutants, scheduled to list on both stock...

Adani Denies Secret Deal: Chairman Sworn Topless That US DOJ Dismissal Was Not Linked to Investment Promises Gautam Adani, the chairman of the Adani Group, has publicly denied under oath that there was any promise or deal involved in the US Department of Justice's (DoJ) move to dismiss a criminal indictment against him. In a sworn affidavit filed with the US District Court for the Eastern District of New York, Adani stated he was unaware of any exchange connected to the decision to drop charges.The affidavit came in response to a July 8 order from Judge Nicholas Garaufis. The judge specifically sought clarity on whether Adani was privy to any agreement or offer related to the DoJ’s decision to seek dismissal of the indictment that had...

India Pesticides Limited Secures EU Technical Equivalence for Fungicide Product India Pesticides Limited has achieved a significant milestone in its global expansion strategy by obtaining Technical Equivalence (TEQ) approval in the European Union (EU) for one of its Fungicide products. This development is expected to substantially strengthen the company's export business and enhance access to the European market.The TEQ approval marks a key advancement for India Pesticides Limited, positioning it strongly within international markets. The successful acquisition of this certification is anticipated to contribute positively toward the company's export revenues and augment foreign exchange earnings for the country.Details regarding the...

Protean eGov Technologies Announces Appointments of New Director and Managing Director & CEO Pending Shareholder Approval Protean eGov Technologies Limited has announced appointments related to its board structure, including a new director and the appointment of Mr. Ajay Rajan as the Managing Director and Chief Executive Officer (MD & CEO). The appointments are subject to approval by the company's members through a postal ballot activity.The Board of Directors, in a resolution dated July 15, 2026, approved the Postal Ballot Notice concerning these executive changes. Concurrently, Mr. Nandkumar Saravade has been appointed as a Non-Executive Independent Director for a term of three years, effective from June 1, 2026.New Management...

Lynx Machinery & Commercials Ltd Declares Non-applicability of Certain Regulatory Requirement for Quarter Ended June 30, 2026 Lynx Machinery & Commercials Ltd has reported that Regulation 32 of The SEBI (LODR) Regulations, 2015, regarding statements for proceeds of public issue, rights issue, preferential issue, or QIP, is not applicable to the Company. This declaration pertains to the financial quarter ending June 30, 2026.The company confirmed that no matters requiring compliance under this specific regulation were relevant during the specified period.Stock Price Movement Lynx Machinery & Commercials Ltd shares settled at ₹195.95 on Monday, edging up 4.98% in closing trade. The stock maintained absolute stability throughout the...

Board Approves Preferential Fund Raising and Appoints Valuer for Raconteur Global Resources Ltd Raconteur Global Resources Limited, during its Board meeting held on Wednesday, July 15, 2026, approved a proposal for fundraising through a preferential issue of securities. The board also took note the appointment of a Registered Valuer to assist with equity valuation in connection with future share issuance.The company's Board of Directors convened a meeting which lasted from 03:00 P.M. to 03:45 P.M., during which several key agenda items were considered and approved by the directors.A significant decision made was the approval of the proposal for fundraising via preferential issue of securities. The board committed to evaluating...

Income Tax Tribunal Quashes Assessment Order Against Indrayani Biotech Ltd Indrayani Biotech Ltd has received a significant update in its ongoing tax litigation, following a ruling by the Income Tax Appellate Tribunal. The Tribunal issued an order quashing a previous assessment order and referred the matter back for fresh adjudication.The company had challenged an Assessment Order, originally dated March 26, 2025, which was subsequently reviewed before the First Appellate Authority. This process led to a determination made by the First Appellate Authority on March 9, 2026. The matter was presented before the Income Tax Appellate Tribunal (Hon'ble Tribunal).Following hearing both the company and the Income Tax Officer, the Hon'ble...