Markets

Madras High Court Grants Interim Stay on GST Penalty Order Against Matrimony.Com Limited The Madras High Court has granted an interim stay on a penalty order issued by the GST authority of Chennai against Matrimony.Com Limited, bringing news regarding ongoing tax proceedings related to the company.The ruling was delivered vide an order dated July 10, 2026. The decision grants the interim stay on the operation and effect of the aforementioned order until further orders are issued by the court.This development relates to a penalty demand and penalty order bearing Form GST DRC 07 Reference No. ZD3303262746177, which was originally dated 30.03.2026 and issued by the GST authority of Chennai.The outcome of the court's decision...

Capacit'e Infraprojects Secures Nearly ₹ 482 Crore Work Order for Super High-Rise Construction in Mumbai Mumbai: Capacit'e Infraprojects Limited has secured a significant work order valued at approximately ₹ 482 Crore, excluding taxes and cess, from Twenty-Five Downtown Realty Limited. The contract pertains to the Civil Works and Civil Finishes of Tower T5, part of a development located in Mahalaxmi, Mumbai.The project scope for Capacit'e Infraprojects includes construction work spanning basements, podiums, clubhouse, service floors, upper floors, penthouses, and the terrace level at the Super High-Rise site.This contract represents a repeat business opportunity for Capacit'e, which has been entrusted by Twenty-Five Downtown Realty...

OnMobile Global Reports on Business Responsibility, Focusing on Digital Security and Employee Well-being in FY 2025-26 OnMobile Global Limited has released its Business Responsibility and Sustainability Report for the fiscal year spanning April 1, 2025, to March 31, 2026. The report details the company's operational scale, human resource management, and commitment to sustainable practices across its global digital entertainment ecosystem.The company is committed to integrating responsible business practices into its strategy, addressing key challenges in the evolving digital industry, including cybersecurity and data privacy.Business Scope and Operational Overview OnMobile Global operates across multiple international markets. The...

HDB Financial Services Announces Director Cessation Following Completion of TermHDB Financial Services Limited has reported a change in its Board composition, as Mr. Jimmy Tata ceased to be a Non-Executive Non-Independent Director of the company. The change became effective on July 14, 2026. Consequently, Mr. Jimmy Tata also ceased to be a member of the Company’s Board Committees.The cessation followed the completion of his term as a Non-Executive Non-Independent Director. Mr. Jimmy Tata was appointed for a three-year period, which spanned from July 15, 2023, until July 14, 2026.Key details regarding the director's tenure and cessation are summarized below:ParticularsDetailsDirector Name (DIN)Mr. Jimmy Tata (06888364)...

CRISIL assigns ESG and Core ESG ratings to Tata Chemicals Limited CRISIL ESG Ratings & Analytics Limited has reviewed the Environmental, Social, and Governance (ESG) parameters of Tata Chemicals Limited and assigned specific rating scores for the company. The assessments cover both the general ESG profile and a dedicated Core ESG measure.The report pertains to the data of Financial Year 2025-26 and was prepared based on information that was available in the public domain. It is noted that the Company had not engaged CRISIL, as the review was independently conducted by the agency using publicly sourced data.Key details regarding the ESG ratings are presented below:Rating TypeAssigned ScoreCrisil ESG58Crisil Core ESG65...

Texmaco Rail & Engineering Limited Announces Chief Financial Officer's Resignation Texmaco Rail & Engineering Limited has announced that its Chief Financial Officer, Shri Kishor Kumar Rajgaria, has resigned from his position at the company. The resignation was tendered due to personal reasons.The company confirmed the resignation of Shri Kishor Kumar Rajgaria, CFO, and noted that he will be relieved of his duties in due course, in accordance with the Company's HR policy. Details regarding the effective date of cessation will be communicated separately upon finalization.The core details regarding the change in personnel are as follows:ParticularsDetailsReason for changeResignationDate of appointment/cessationTo be informed...

Manaksia Coated Metals Announces Q1 Results and Approves Key Director Re-appointments Manaksia Coated Metals & Industries Ltd has announced significant outcomes from its Board of Directors meeting held on July 14, 2026. The company released the un-audited financial results for the first quarter ending June 30, 2026, and approved the re-appointment of two key directors while also announcing executive appointments and governance policy updates.The Board reviewed the financial performance of the company and sanctioned several corporate actions related to future meetings and managerial structure. Key decisions included adopting a revised 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' and...

MPS Ltd Board Meeting Scheduled to Approve Q1 Un-Audited Financial Results MPS Limited has scheduled a meeting of its Board of Directors to review and approve the Un-Audited Financial Results (Standalone and Consolidated) for the first quarter (Q1) ended June 30, 2026. The board meeting is set to take place on Tuesday, July 21, 2026.The purpose of the scheduled Board Meeting is to consider, approve, and formally record these financial results pertaining to Q1 for the company.Earlier, MPS Limited had intimated regarding the closure of its trading window for dealing in the shares of the company, with this information previously provided on June 26, 2026.MPSLTD Stock Price Movement Shares of MPS Limited slipped on Tuesday, settling...

Anthem Biosciences to Hold Board Meeting for Q1 FY2026 Results; Trading Window Closed from July 1 Anthem Biosciences Limited, formerly known as Anthem Biosciences Pvt. Ltd., has scheduled a Board meeting to approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The management confirmed that during this period, specific restrictions were placed on trading in the company’s equity shares.The Board of Directors is set to convene on Tuesday, July 21, 2026, with the primary agenda item being the consideration and approval of the financial results for the quarter ended June 30, 2026.In addition to the board meeting announcement, the company also confirmed that the trading window for dealing...

Viji Finance Ltd Approves Major Director Changes, Capital Increase; Releases Quarterly Financial Results Viji Finance Ltd conducted a Board meeting on July 14, 2026, during which it approved several key corporate actions, including significant changes in its directorial structure and an increase in authorized share capital. The company also released its unaudited financial results for the quarter ended June 30, 2026.Key Board Decisions and Corporate Actions The meeting resulted in several material decisions concerning the company's leadership and structure:New Appointment: Mr. Aryaman Kothari (DIN: 09324877) was approved as an Additional Director and Whole-Time Director for a period of three years, effective from July 14, 2026...

L&T Finance Approves Support for Nabha Power Limited Re-classification Request L&T Finance Ltd has affirmed its support for Nabha Power Limited (NPL) regarding NPL’s application for re-classification in the stock market. The company's Board of Directors granted approval concerning the request submitted by Nabha Power Limited.The requested change pertains to NPL’s corporate structure and listing status, seeking re-classification from the 'Promoter Group' category to 'Public' category. This move relates directly to the regulatory framework governing public companies and listing obligations.LTF Stock Price Movement L&T Finance Limited shares slipped by 2.99% to close on Tuesday at ₹315.30, shedding nearly ₹10 amid selling pressure. The...

Bhagyanagar India Limited issues Corrigendum detailing Ultimate Beneficial Owners for EGM Allottees Bhagyanagar India Limited has released a corrigendum to its Extraordinary General Meeting (EGM) Notice, originally dated 30.06.2026, which is scheduled for 23.07.2026. The notice amendment addresses the identity of natural persons who are ultimate beneficial owners or control over the proposed allottees and securities mentioned in the original EGM notice.The corrigendum provides detailed information concerning the UBOs of various entities slated to be allotted securities. The details include QIBs, institutional funds, and individual members.Key information regarding the Ultimate Beneficial Owner (UBO) or controller for each proposed...

Epigral Limited's Bank Facilities Rated by CRISIL; Long Term and Short Term Ratings Reaffirmed Epigral Limited has received revised ratings from CRISIL Ratings for its bank facilities. The rating details, issued on July 13, 2026, confirm the standing of the company regarding its lending commitments.CRISIL assigned these updated ratings to a total bank loan facility amounting to Rs. 1050 Crore. The ratings cover both long-term and short-term aspects of the facilities.The financial ratings issued by CRISIL Ratings are detailed below:Rating CategoryFacilities RatedRating StatusTotal Bank Loan FacilitiesRs. 1050 CroreN/ALong Term Rating CRISIL AA/Stable (Reaffirmed)Short Term Rating CRISIL A1+ (Reaffirmed)The ratings...

Kirloskar Ferrous Industries Issues Notice to Members Regarding Annual General Meeting Kirloskar Industries Limited reported updates regarding its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). The company confirmed that KIL had received an intimation from KFIL concerning a significant corporate event.The subsidiary, Kirloskar Ferrous Industries Limited, has issued a Notice to Members related to the upcoming annual general meeting, e-voting procedures, and the designated record date.In compliance with required disclosures, the notice was published on July 14, 2026. The publication covered both English and Marathi language newspapers. The venues listed for the public notice included:The Financial Express...

REC Limited Faces Fines Over Board Composition Non-Compliance as Company Seeks Waiver REC Limited, a Government of India Enterprise, has faced financial penalties imposed by major Stock Exchanges regarding the composition of its Board of Directors for the quarter ended March 31, 2026. The fines relate to non-compliance with provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The Boards of REC Limited reviewed the matter following notices received from the National Stock Exchange of India (NSE) and BSE. These reviews concerned the Company's failure to comply with requirements pertaining to Board composition as stipulated under the Listing Regulations.Financial Details of Fines LeviedThe fines...

CARE Ratings Reviews GHCL Textiles Ltd’s Credit Ratings for Bank Facilities; Reaffirms Portions of Ratings GHCL Textiles Limited has received an update from CARE Ratings Limited regarding the credit ratings assigned and reaffirmed for various bank facilities provided to the company. The rating review was conducted based on recent developments, including the operational and financial performance of GHCL Textiles Ltd for FY26 (Audited).CARE Ratings Limited reviewed the facilities and assigned or reaffirmed the credit ratings as follows:FacilitiesAmountRating ActionDetailsLong Term Bank Facilities50.00 Rs. CroreAssignedCARE A; StableLong Term / Short Term Bank Facilities450.00 Rs. CroreReaffirmedReduced from 500.00; Rated CARE...

Samvardhana Motherson International Completes Acquisition of 11% Stake in Shinnichi Kogyo Co., Ltd. Samvardhana Motherson International Limited has successfully completed the acquisition of a stake in Shinnichi Kogyo Co., Ltd. This transaction concludes the company's stake expansion across related Japanese entities.The transaction involves Samvardhana Motherson International Limited (Company), through its indirect wholly owned subsidiary, Motherson Global Investments B.V. (MGI BV). MGI BV holds an 81% stake in Yutaka Giken Co., Ltd. (YGCL), which was listed on the Tokyo Stock Exchange. Shinnichi Kogyo is a subsidiary of YGCL, with YGCL holding a 62% ownership stake.The completion relates specifically to the acquisition of an 11%...

PDS Limited and Busana Apparel Group Announce Strategic Partnership in Global Apparel Manufacturing PDS Limited, a global fashion supply chain solutions company, and Busana Apparel Group, one of Indonesia's leading apparel manufacturers, have announced a strategic partnership aimed at building the next generation of global apparel manufacturing capabilities. This collaboration aims to strengthen PDS' existing global ecosystem as the industry experiences significant shifts in sourcing dynamics worldwide.The initiative responds to evolving trends in global trade, regional economic partnerships, and the acceleration of "China Plus One" strategies, which are reshaping supply chains and creating a high demand for agile, resilient...

L&T Technology Services Partners with Anthropic to Drive Engineering Intelligence through AI Integration L&T Technology Services Limited has formed a strategic partnership with Anthropic to integrate Claude models into its platform ecosystem, significantly accelerating Engineering Intelligence for products and manufacturing clients. This collaboration aims to fundamentally redesign engineering work, moving beyond simple task automation to enable faster decision-making and streamline workflows for enterprise clients globally.LTTS will leverage the integration of Claude across its suite of AI-powered platforms, including AgenticIQ, PlxAI, Ainfonix™, AiNexus, and AiTest. The partnership enables LTTS to enhance engineering processes...

IndiaMART InterMESH Ltd Board Meeting Scheduled to Approve Q4 Financial Results; Trading Window Closed IndiaMART InterMESH Ltd has announced that its Board of Directors will convene on Tuesday, July 21, 2026, with the agenda including the consideration and approval of the Audited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026.The company also informed stakeholders about the closure of the trading window for its equity shares in accordance with its Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives. The trading window closed beginning on Wednesday, July 01, 2026.The trading restriction will remain in effect until fortyeight hours following the...