Markets

CRISIL Withdraws Credit Ratings for Aeroflex Neu Ltd's Bank Loan Facilities Aeroflex Neu Ltd announced that CRISIL Ratings Limited has withdrawn its existing credit ratings for the company's bank loan facilities. The action followed a process involving a no-objection certificate received from bankers, as stated by the company.CRISIL conducted the rating withdrawal in accordance with their policy on bank loan ratings. The announcement detailed the status of the previously assigned ratings across both long-term and short-term instruments.The specific instrument details and resulting rating actions are summarized below:Name of InstrumentAmount (₹ in crore)Rating ActionTotal Bank Loan Facilities (Long Term Rating)₹ 36 CroreCrisil...

Suntech Infra Solutions Limited Reappoints Mr. Sunil Kumar Bains as Non-Executive Independent Director Suntech Infra Solutions Limited has approved the re-appointment of Mr. Sunil Kumar Bains as a Non-Executive Independent Director. The decision, made by the Board and based on the recommendation of the Nomination and Remuneration Committee, focuses on strengthening corporate governance at the company.Mr. Bains has been designated for a first term of five consecutive years, effective from November 11, 2025, provided the appointment is subject to shareholder approval. The designation is that of a Non-Executive Independent Director not liable to retire by rotation.The re-appointment secures Mr. Sunil Kumar Bains's role in strategic...

Medplus Subsidiary Receives Drug License Suspensions Across Three Karnataka Stores<p>Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has received multiple suspension orders concerning drug licenses for stores operating in the state of Karnataka. The actions were initiated by various authorities regarding contraventions under Rule 65 of the Drugs and Cosmetics Act, 1940 and associated Rules.</p><p>The regulatory actions resulted in suspensions across three different store locations within the state. These operational challenges carry a quantifiable potential revenue loss for the entity. The details of the licenses, the governing authorities, and the impact are summarized below:</p><table>...

Jagsonpal Pharmaceuticals Allots 94,000 Equity Shares Under Employee Stock Option Plan Jagsonpal Pharmaceuticals Limited has announced the allotment of equity shares pursuant to the Jagsonpal Pharmaceuticals Limited Employee Stock Option Plan, 2022 (JPL ESOP 2022). The action resulted in an increase in the company's paid-up share capital.The Nomination and Remuneration Committee issued and allotted 94,000 Equity Shares of Rs. 2/- each to eligible employees upon the exercise of vested options under the JPL ESOP 2022. These newly issued shares are confirmed to rank pari passu with the company's existing equity shares in all respects.The allotment updated the company’s share capital structure, increasing its paid-up amount. The...

Koiya International's Standalone Financial Results Receive Unmodified Audit Opinion The standalone financial results of M/s. Koiya International Limited, formerly known as Popees Cares Limited, have been audited by Mahesh C. Solanki & Co., Chartered Accountants. The audit covers the quarter ended March 31, 2026, and the year-to-date results for the period from April 1, 2025, to March 31, 2026.The independent auditor confirmed that the financial results meet specific requirements and provide a true and fair view.According to the report prepared by Mahesh C. Solanki & Co., these standalone financial results are presented in accordance with the requirements stipulated for such reporting. Furthermore, they are stated to give a true and...

Petro Carbon and Chemicals Limited Reports Demise of Promoter Group Member Petro Carbon and Chemicals Limited has announced the sad demise of Smt. Pushpa Devi, a member belonging to the Company's Promoter Group, effective July 15, 2026.The passing of Smt. Pushpa Devi marks a significant event for the company stakeholders. In accordance with regulations governing corporate structure, her death automatically means she ceases to be part of the Promoter Group' of Petro Carbon and Chemicals Limited.In response to this loss, the Company conveyed its deepest sympathy, sorrow, and condolence. Management confirmed that all necessary internal processes are being initiated to reflect this change within the company's records. The Shareholding...

Vimta Labs Announces Board Meeting to Approve Unaudited Financial Results for Q1 2026Vimta Labs Limited has announced that its Board of Directors will hold a meeting on Monday, July 20, 2026. The primary agenda item for the meeting is to review and approve the company's Unaudited Financial Results for the quarter ending June 30, 2026.In addition to the board meeting notice, the company also confirmed operational details regarding insider trading restrictions. The trading window closure period commenced on July 1, 2026. This period is set to remain closed until a duration of 48 hours after the announcement of the financial results by Vimta Labs to the stock exchange.VIMTALABS Stock Price Movement Today, shares of Vimta Labs Limited...

Heads Up Ventures Ltd Discontinues Corporate Office in Ahmedabad Heads Up Ventures Limited has announced that its Board of Directors approved the discontinuation of a corporate office previously situated in Ahmedabad, Gujarat. The decision was made during a meeting held on July 15, 2026.The company confirmed the closure of the corporate office located at 108 - F, Supath -2, Opposite Vadaj Bus Terminal, Near Union Bank of India, Usmanpura, Ashram Road, Ahmedabad - Gujarat 380013.Following this action, Heads Up Ventures Limited clarified that its operations will be based exclusively from its Registered Office in Palghar, Maharashtra. The Registered Office address remains H. No. 101, Mahim Road, Tembhode, Palghar - 401404, Maharashtra...

ZF Commercial Vehicle Control Systems Schedules Board Meeting for June Quarter Results ZF Commercial Vehicle Control Systems India Limited has scheduled a meeting of its Board of Directors to consider the unaudited financial results for the quarter ended June 30, 2026.The board meeting is set to take place on Friday, July 24, 2026. During this meeting, the company will review both the Standalone and Consolidated unaudited financial results. Following the conclusion of the meeting, the unaudited financial results will be submitted and subsequently published in newspapers as required.The company also provided an update regarding insider trading activity. The trading window for insiders concerning the securities of ZF Commercial...

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...