Markets

Steel Strips Wheels Limited Announces Quarterly Financial Results for Q ended June 30, 2026 Steel Strips Wheels Limited released its unaudited financial results for the quarter ended June 30, 2026. The results reflect the performance of both the Holding Company and its Group structure.The company reported a total income of 514,596.67 for the fiscal year under review. Key profitability metrics show that the consolidated entity achieved a profit after tax (PAT) of 19,097.53, resulting in basic earnings per equity share (EPS) of 12.11 and diluted EPS of 12.07.The financial results detail operational performance across the four quarters, including revenue streams, costs incurred, and expenses. The company's management confirmed that...

Steel Strips Wheels Ltd Releases Qended June 30, 2026 Financial Results: Standalone and Consolidated Earnings Reported Steel Strips Wheels Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results, which detail both the standalone performance and the consolidated standing across the group.The results provide insight into the operational efficiency and profitability of the company during the quarter.Standalone Financial Performance For the quarter ended June 30, 2026, Steel Strips Wheels Ltd reported key figures in its standalone statement. The company's total income for the period was 1,51,274.11, derived from revenue of...

Munjal Showa Ltd Receives Ministry Approval for Appointment of Mr. Hitoshi Fukagawa as Managing Director Munjal Showa Ltd has received approval from the Ministry of Corporate Affairs (MCA) regarding the appointment of Mr. Hitoshi Fukagawa as a senior executive within the company.The MCA, via correspondence dated July 14, 2026, granted approval for the appointment of Mr. Hitoshi Fukagawa (DIN: 10611378). He has been appointed as Managing Director, designated as Joint Managing Director, for a period of five years. The appointment is effective from May 29, 2024, and will conclude on May 28, 2029.The approval follows the resolution of procedural matters related to the initial application for his appointment. The Registrar of Companies...

Chilean Tax Authority Upholds Position in Dispute Regarding Tega Industries Chile Loss Carry ForwardTega Industries Ltd has reported that its subsidiary, Tega Industries Chile SpA (Tega Chile), received a ruling from the First Tax and Customs Tribunal in Santiago Metropolitan Region, Chile. The Tribunal dismissed Tega Chile's appeal concerning an accumulated tax loss carry forward, upholding the position taken by the Chilean Department of Revenue.The dispute related to a claim filed by Tega Chile for the Tax Year 2020. The Servicio de Impuestos Internos (SII) initially disallowed a portion of the tax loss carry forward on the grounds that insufficient supporting documentation had been provided. Although Tega Chile's Voluntary...

Fedbank Financial Services Limited Reports 13.8% PAT Growth in Q1 FY27, Pushing Profit After Tax to ₹114.4 Cr Mumbai: Fedbank Financial Services Limited (Fedfina), a retail focused NBFC specializing in Loan Against Property and Gold Loans, announced strong financial results for the First Quarter (Q1 FY27) ended June 30, 2026. The company reported a 13.8% year-on-year growth in Profit After Tax (PAT), reaching ₹114.4 Cr.The comprehensive results show significant growth across lending activities and asset management, with Net Interest Income increasing by 38.7% year-on-year to ₹371.9 Cr. Operating Profit grew by 49.9% year-on-year, reaching ₹187.5 Cr.Financial Performance Overview (₹ Cr) The financial health of Fedfina saw steady...

Interactive Financial Services Ltd Board Approves Article Changes and Schedules First Extraordinary General MeetingInteractive Financial Services Limited announced key resolutions passed by its Board of Directors during a meeting held on Wednesday, July 15, 2026. The Board reviewed and approved several strategic items, including the alteration of the company's Articles of Association.The Board meeting commenced at 11:30 A.M. and concluded at 12:00 P.M. During this session, among other business agendas, the directors considered and approved the changes to the Articles of Association. The board also adopted the revised Notice for the First Extra Ordinary General Meeting (EOGM) pertaining to the financial year 2026-2027.A major...

Fedbank Financial Services Releases Quarterly Results; Net Profit Jumps To 11,438 Lakhs For Q Ended June 30, 2026 Fedbank Financial Services Limited announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a net profit of 11,438 lakh in the quarter, while the full year saw total revenue from operations reach 2,22,360 lakh.The Board of Directors approved the results at its meeting held on July 15, 2026. These results were reviewed and certified by M/s KKC & Associates LLP, the Statutory Auditors of the Company.Key Financial Highlights (Quarter Ended June 30, 2026) The company maintained strong operational margins during the quarter. Key financial indicators stand as follows:MetricValue...

Tata Group to Surge into Shipbuilding as Kerala Promises Land for ₹100 Billion Investment The Tata Group is poised to make a significant foray into the shipbuilding sector with a proposed investment of 100 billion rupees ($1 billion) in Kerala, according to state chief minister V.D. Satheesan. The government has indicated favorable consideration of the proposal and is expected to approve the move within a month.V.D. Satheesan confirmed that Tata is prepared to invest heavily in maritime manufacturing. He stated that the state will provide the necessary land parcels to the conglomerate to facilitate this expansion. This investment would introduce a new business vertical for the $180-billion company, which currently operates across...

Siyaram Recycling Industries Secures Rs 97,94,000 Order from Metal Scrap India for Brass Scrap Siyaram Recycling Industries Ltd has secured a significant contract worth Rs 97,94,000 with Metal Scrap India. The order pertains to the procurement of Brass Scrap and represents a domestic transaction for the recycling company.The terms of the contract indicate that the order is fixed cost in nature and must be executed within five days. The transaction details confirm that there is no interest involved from any promoter or promoter group companies in Metal Scrap India, nor does the deal fall under related party transactions.Key aspects of the secured order are summarized below:DetailInformationAwarding EntityMetal Scrap India...

Fedbank Financial Services Ltd Announces Q1 Unaudited Results, Achieves Key Ratios as of June 30, 2026 Fedbank Financial Services Limited released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results following a review and recommendation by the Audit Committee. These findings were confirmed by KKC & Associates LLP, the company's statutory auditors, who issued a limited Review Report on the results, providing an unmodified opinion.The company's financial performance metrics for the quarter showed key figures across revenue and profit margins, detailed in the financial statements provided.Financial Performance Snapshot (INR in Lakhs)ParticularsQuarter Ended June 30...

Patanjali Foods Plummets by 18% as Block Deal Shifts 1.5% Equity Worth ₹195 Crore Shares Tank Amid Heavy Trading Volume and Institutional Selling Patanjali Foods shares witnessed a significant decline, trading down 17% at one point on July 25. This loss followed another day of weakness, marking the third consecutive session of losses for the stock. The market activity was intense, characterized by exceptionally heavy trading volume.The stock saw over 2.3 crore shares changing hands. This figure stands against a 20-day average of approximately 25 lakh shares. Crucially, there has also been a sharp spike in delivery volumes reported during this period. These indicators point towards substantial institutional activity rather than mere...

Ksolves Reports Q1 FY27 Results: Revenue Reaches ₹41.44 Crore; EBITDA Margin Expands to 30.3%, Interim Dividend Declared Noida, India (July 15, 2026) – Ksolves India Limited, a global IT services and solutions provider, announced its financial performance for the First Quarter of Fiscal Year 2027 (Q1 FY27), which ended on June 30, 2026. The company reported consolidated revenue of ₹41.44 crore, marking a 10.0% growth year-on-year. Ksolves also declared a first interim dividend of ₹4 per share, alongside reporting strong profitability metrics for the quarter.Umang Soni, Chief Financial Officer (CFO) of Ksolves India Limited, stated that while revenue moderated sequentially, EBITDA for the quarter stood at ₹12.56 crore. This performance...

Nephrocare Health Services Ltd Announces Allotment of Equity Shares Following ESOP Scheme 2011 Exercise Nephrocare Health Services Ltd., formerly known as Nephrocare Health Services Private Limited, has completed the allotment of equity shares resulting from the exercise of stock options under its NephroPlus Employees Stock Option Scheme, 2011 (ESOP Scheme 2011). The allotment was approved by the Nomination and Remuneration Committee of the company on July 14, 2026.The issuance of equity shares has resulted in an increase in the issued, subscribed, and paid-up equity share capital for the Company. Prior to the transaction, the Company had a paid-up capital of ₹ 20,06,81,434, comprising 10,03,40,717 equity shares of face value ₹ 2/-...

Siyaram Recycling Industries Secures Order Worth Rs 49,85,500 from Bhavya Impex Siyaram Recycling Industries Ltd has secured a significant order valued at Rs 49,85,500 from Bhavya Impex. The contract pertains to the supply of Brass Scrap Honey (U K).The deal involves Siyaram Recycling Industries Ltd and is categorized as a fixed cost arrangement. The order was awarded by a domestic entity.Key details of the secured order are outlined below:DetailSpecificationContracting EntityBhavya ImpexProduct/NatureBrass Scrap Honey (U K)Order ValueRs 49,85,500/-Transaction TypeFixed costMarket SourceDomestic entityExecution PeriodWithin 07 DaysThe transaction does not fall under a related party agreement. Furthermore...

BRICS Nations Surge Towards Common Standardization Framework Ahead of Crucial Global Trade Summit Strengthening International Standards: BRICS Meets in Bengaluru to Foster Quality Infrastructure Bengaluru, India is hosting a pivotal gathering as nations within the BRICS grouping convened for the 5th Meeting of Heads of National Standardization Bodies (NSBs). This high-level event aims to solidify cooperative efforts across the diverse members by developing common standards and enhancing quality infrastructure throughout the bloc. The two-day meeting, scheduled for July 16-17, 2026, places India centrally at the forefront of strengthening global standardization commitments.The gathering underscores a concerted push toward deep...

Siyaram Recycling Industries Secures Rs 67 Lakh Order for Scrap Processing from Bhavya Impex Siyaram Recycling Industries Ltd has secured a two-order contract from Bhavya Impex, valued at Rs 67,37,800. The orders relate to Brass Scrap Honey and Brass Scrap Turning, signaling a business development in the recycling industry for the company.The agreement details state that Siyaram Recycling Industries Ltd won the contracts from Bhavya Impex, which is a domestic entity. The total order value of Rs 67,37,800 covers both specified services—Brass Scrap Honey and Brass Scrap Turning.This fixed-cost contract carries an execution timeline of within seven days. According to the transaction details provided, there is no interest from the...

Siyaram Recycling Industries Secures Two Orders Worth Rs 67,37,800 from Bhavya Impex Siyaram Recycling Industries Ltd has secured two fixed-cost orders totaling Rs 67,37,800 from Bhavya Impex. The contracts pertain to the supply of Brass Scrap Honey and Brass Scrap Turning.The company successfully secured these orders from the domestic entity, Bhavya Impex. As per the contractual details provided, the entire order value is set at Rs 67,37,800. These fixed-cost contracts must be executed within a period of seven days.Financial and operational specifics related to the secured deals are detailed below:DetailInformationOrder Awarding EntityBhavya ImpexTotal Order ValueRs 67,37,800Nature of Goods/ServiceBrass Scrap Honey &...

Mercury Ev-Tech Limited Receives GEDA Approval for Marketing Battery Operated Three Wheelers in GujaratMercury Ev-Tech Limited has secured approval from the Gujarat Energy Development Agency (GEDA), a Government of Gujarat organization, for the marketing and distribution of Battery Operated Three Wheelers (E-Rickshaw) equipped with Lithium-ion batteries. This approval covers operations within the state of Gujarat during the financial years 2026-27 and 2027-28.The company has been entrusted with the role of marketing and distributing these vehicles, which are intended to be sold to individual and institutional beneficiaries in Gujarat. GEDA confirmed that vehicles matching specified criteria can qualify for a subsidy of Rs. 48,000...

Trio Mercantile & Trading Ltd Approves Q1 Results and Announces Key Director Appointments Trio Mercantile & Trading Ltd has finalized key corporate actions following its Board meeting held on July 14, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026, and formalized several significant appointments to the company's board.The Board of Directors reviewed and sanctioned the Unaudited Financial Results for the period ending June 30, 2026. The necessary supporting documentation, including a Limited Review Report from the Statutory Auditors of the Company, was approved by the directors during the meeting.New Appointments Confirmed In addition to approving the quarterly results, the company’s...

Shree Refrigerations Ltd. Board Meeting Scheduled to Approve ESOS 2026 Scheme Shree Refrigerations Limited has scheduled a meeting of its Board of Directors to consider and approve the Employee Stock Option Scheme (ESOS) for 2026.The board meeting is set for Saturday, July 18, 2026. During this meeting, the directors will review the ESOS 2026, which falls under the purview of the Securities and Exchange Board of India’s Share Based Employee Benefits and Sweat Equity Regulations, 2021.The approval of the ESOS is subject to the subsequent consent of shareholders. The scheme will require a Special Resolution to be passed by the company at its Annual General Meeting.Stock Price Movement As of 11:41, shares of Shree Refrigerations Ltd...