Markets

Lancer Container Lines Receives In-Principle Approval for Preferential Issue Against Unsecured Loan Conversion Lancer Container Lines Ltd has secured in-principle approval from BSE Limited for a preferential allotment of equity shares. The move involves issuing 18,518,518 equity shares against the conversion of an unsecured loan.The approval details relate to the issuance of 1,85,18,518 equity shares of Lancer Container Lines Ltd to the Promoter. These shares are set at a face value of Rs. 5/- each and require a price not less than Rs. 10.80/- per equity share. The preferential issue is tied to the conversion of an unsecured loan totaling Rs. 20,00,00,000/-.The in-principle approval was granted by BSE Limited concerning this...

Logiciel Solutions Ltd Approves Wholly-Owned US Subsidiary and Strengthens Leadership in IT Services Sector Logiciel Solutions Ltd announced several key strategic moves following its Board of Directors meeting on July 14, 2026. The approved initiatives include making a US entity a wholly owned subsidiary, appointing senior leadership in sales and healthcare practice, and establishing a dedicated AI Research & Development Practice to drive future growth.The investment in the new US subsidiary is aimed at enhancing Logiciel Solutions' presence within the North American market and supporting its expansion in IT Services and IT Staffing business.Investment in US Subsidiary Logiciel Solutions Ltd has approved an investment intended to...

Board Approves Reclassification of Promoters to Public Category for Sanathnagar Enterprises Limited The Board of Directors of Sanathnagar Enterprises Limited has approved the reclassification of three members of the Promoter and Promoter Group—Mr. N.P.S. Shinh, Ms. Manita Shinh, and Continuous Forms (Calcutta) Limited—to the Public category. This decision follows their applications requesting a change in status from promoter to public shareholder.The Board meeting, held on July 14, 2026, considered the requests from the individuals and the company. The outgoing Promoters collectively hold 72,090 equity shares of the Company, representing 2.28% of the paid-up equity share capital.According to details provided by the Board, the...

Yasho Industries Announces Record Date for Final Dividend of Rs 0.50 Per Share Yasho Industries Limited has set the record date for its FY 2025-26 Final Dividend following a recommendation by its Board of Directors.The company announced that it has recommended a final dividend amounting to Rs 0.50 per share. This determination was made subsequent to earlier information provided by the Company on May 18, 2026.For the purpose of the Final Dividend distribution for Fiscal Year 2025-26, the record date is scheduled for Thursday, July 30, 2026. Once the dividend is approved by members during the ensuing Annual General Meeting (AGM), the payment is slated to be disbursed within 30 days of the approval date.The company also clarified the...

Shriram Finance Ltd to Hold Board Meeting on July 24, 2026, to Review Q1 Results and Plan Future Financing Shriram Finance Ltd has announced that its Board of Directors will convene a meeting on Friday, July 24, 2026. The meeting agenda includes the approval of Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026.In addition to reviewing the quarterly financial performance, the company is scheduled to consider the periodical resource mobilization plan. This plan pertains to various methods of borrowing intended for the business of Shriram Finance Ltd.The proposed financing plans include issuing debt securities such as redeemable non-convertible debentures (NCDs) and subordinated...

63 Moons Technologies Ltd's WOS Acquires Equity Shares in Ticker Limited Financial Technologies Singapore Pte Ltd., the Wholly Owned Subsidiary (WOS) of 63 Moons Technologies limited, has completed the acquisition of equity shares in Ticker Limited. The purchase was finalized on July 13, 2026, for a consideration of Rs. 21.49 crores.The WOS acquired 79,58,300 equity shares through the secondary market in the unlisted subsidiary, Ticker Limited. This transaction represents an investment by the Wholly Owned Subsidiary and was executed using cash consideration. The acquisition means that the company now holds a 0.45% shareholding of the paid-up capital of the Target Company.Ticker Limited is described as a public company incorporated...

Sobha Ltd Board Meeting Scheduled to Discuss Q1 Financial Results and Non-Convertible Debenture IssueSobha Ltd has announced that its Board of Directors meeting is scheduled for Monday, July 20, 2026, at the company's corporate office. The meeting is set to review several key items, including the unaudited financial performance of the company for the quarter ending June 30, 2026.The agenda includes considering and approving the Unaudited Standalone and Consolidated Financial Results for the period. Additionally, the board will address the issuance of non-convertible debentures (NCDs) through private placement in one or more tranches, based on business requirements.In a related operational update concerning internal trading...

Jindal Saw Profit Plummets 75% Amid Export Woes and Global Supply Chain Disruptions Jindal Saw reported a significant decline in its consolidated net profit for the first quarter of FY27, reflecting severe operational headwinds and challenges across its global business segments. The company's consolidated net profit fell by 75.47 percent to Rs 104 crore for the June quarter. This marks a stark contrast from the corresponding period last year when the company posted a consolidated net profit of Rs 424 crore.Net Profit Decline Despite Revenue Growth While the profitability saw a steep contraction, Jindal Saw managed to register a rise in revenue from operations during the April-June period. The total operating revenue climbed by 9...

Steel Exports poised to Hit $1 Billion Mark as India Secures Favorable UK Quota Deals Indian steel exporters are set for a significant boost in trade with the United Kingdom. New Delhi has successfully negotiated improved quotas under the UK's tariff-rate quota (TRQ) system, suggesting that Indian exports could reach $1 billion by FY27. This development comes as India strengthens its market access following recent negotiations with the British trading partner.Securing Advantage in UK Steel Quota Negotiations A senior government official confirmed that despite the UK’s stricter steel import regulations, India has secured substantially better quotas compared to the average export value. The existing quota for India amounts to about $350...

IBM Plunges Over 23% on Earnings Slump; Tech Stocks Tumble Amid Hawkish Fed Warnings The global technology sector experienced significant turbulence in pre-market trading after key indicators pointed toward deep operational concerns and rising interest rate fears. IBM stock saw a massive decline, erasing substantial market capitalization as the company posted weaker-than-expected earnings related to its software and infrastructure business.Tech Giants Suffer Massive Declines Following IBM’s Stock Collapse IBM shares plummeted 23% in pre-market trading on the NYSE after revealing weakness across its core businesses. This single event caused the stock to erase $55 billion in market capitalization, sending shockwaves through the...

Panchmahal Steel Reports Outcomes of Tax Appeals Regarding Input Tax Credit Disallowance Panchmahal Steel Ltd has received orders from the Deputy Commissioner of State Tax, Appeal-5 in Vadodara concerning appeals related to the disallowance of Input Tax Credit under Sections 73 and 74 of the CGST/SGST Act, 2017. Both orders were received by the company on July 13, 2026.The disputes relate to the disallowance of Input Tax Credit during a specified tax period spanning from July 1, 2017, to March 31, 2018. The outcomes for the two appeals are detailed below.Appeal Outcomes and Financial Details The company's appeal against an order issued under Section 73 of the CGST/SGST Act, 2017 was partially allowed by the authority. Separately, a...

Indo Thai Securities Ltd Forfeits Subscription Amount as 60,500 Convertible Warrants Lapse Indo Thai Securities Ltd confirmed that a portion of its convertible warrants have lapsed, leading the company to approve the forfeiture of the initial subscription amount received from the concerned allottees. This decision was made following the meeting of the Preferential Allotment Committee held on July 14, 2026.Initially, the company had allotted 14,60,000 convertible warrants to 26 allottees on a preferential basis. The initial issue price for these warrants was Rs. 500/- per warrant. Subsequent changes following a stock split saw the equity share face value revised from Rs. 10/- to Rs. 1/-, and the warrant issue price adjusted...

Regency Fincorp Approves Issuance of INR 40 Crore in Secured Non-Convertible Debentures Regency Fincorp Ltd has finalized plans for the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) worth INR 40 Crores through a private placement. The decision was made during the company's Board of Directors meeting held on July 14, 2026.The board approved the issuance of 40,000 units of Secured, Rated, Listed, Non-Convertible Debentures (NCD), each having a face value of INR 10,000/-. The total aggregated amount for these debentures is set at INR 40 Crores Only.The planned issuance structure includes two components:A Base Issue comprising 20,000 units totaling INR 20 Crores. A Green Shoe Option of 20,000 units, also...

Infomedia Press Limited Announces Quarter Results; Management Notes Material Uncertainty Regarding Going ConcernInfomedia Press Limited has released its Unaudited Financial Results for the quarter ending June 30, 2026. The results were reviewed by Chartered Accountants, Chaturvedi Shah LLP.The company’s performance for the quarter reflected significant losses. The board meeting held on July 14, 2026, approved the financial outcomes.Financial details from the quarter are available across various periods, with the quarterly data showing operational expenses significantly exceeding income.Financial Performance Snapshot (Quarter Ended June 30, 2026) The following table provides a summary of the key financial results for Infomedia...

Ashima Limited Announces Book Closure for 43rd Annual General Meeting Ashima Limited has announced the period for its book closure in preparation for the company's 43rd Annual General Meeting (AGM). The Register of Members and Share Transfer Books will be closed from Thursday, July 30, 2026, to Thursday, August 06, 2026.The 43rd AGM is scheduled to take place on Thursday, August 06, 2026, at 11:30 a.m. (IST), and will be held through Video Conferencing or other Audio Visual Means.The details regarding the book closure across various stock exchanges are as follows:Stock ExchangeSecurity CodeBook Closure FromBook Closure ToBSE Limited514286Thursday, July 30, 2026Thursday, August 06, 2026National Stock Exchange of India...

SEBI Adjudication Cases Abate Following Discovery of Deceased Trader Ms. Anju Rani The Securities and Exchange Board of India (SEBI) has concluded an adjudication order regarding allegations against former trader Ms. Anju Rani concerning dealings in Illiquid Stock Options at BSE. The proceedings, which targeted non-genuine trading practices spanning a period from 2014 to 2015, were formally brought to a close after SEBI determined the abatement of the case due to the Noticee's passing.Initial Allegations of Market Manipulation SEBI investigated large-scale reversal of trades in Illiquid Stock Options (ISO) executed on BSE Ltd., which led to the creation of artificial volume. The investigation focused on trading activities between...

Rasandik Engineering Industries Announces 42nd AGM and Annual Report for Financial Year 2025-2026 Rasandik Engineering Industries India Limited has announced the details regarding its upcoming general meeting and the availability of its Annual Report for the Financial Year 2025-2026. The company members are being notified about the schedule for the 42nd Annual General Meeting (AGM).The 42nd Annual General Meeting of Rasandik Engineering Industries India Limited is scheduled to be held on July 31, 2026. The meeting will commence at 11 A.M. (IST) and can be attended through a Video Conferencing (VC) facility or Other Audio Visual Means (OAVM).The Annual Report for the Financial Year 2025-2026 is available to members online. Complete...

Infomerics upgrades Om Infra Ltd rating following improvement in capital and healthy orderbook Om Infra Limited, formerly known as Om Metals Infraprojects Limited, has received credit ratings from Infomerics Valuation and Rating Pvt. Ltd. (Infomerics) regarding its bank loan facilities. The new assignments reflect an upgrade compared to the company's previous rating issued by CARE Ratings Limited.Infomerics assigned the long-term rating of IVR BBB- with a Stable outlook, and the short-term rating of IVR A3 for Om Infra Ltd's bank facilities. This rating assignment was conducted on July 10, 2026.The total value of the bank loan facilities rated is Rs. 718.96 Crore. The details of the newly assigned credit ratings are as follows...

ICICI Bank Board Meeting Scheduled to Consider Revision of Fund Raising Limit through Overseas Issuance ICICI Bank Ltd has announced that its Board meeting scheduled for July 18, 2026, will include discussions regarding the revision of its fund-raising limit. The consideration is focused on potential financing through international markets.The bank's management indicated that during the board session, they will review the necessary steps to revise the fund-raising limit by means of issuing bonds, notes, or offshore certificates of deposits in overseas markets.ICICIBANK Stock Price Movement Shares of ICICI Bank Limited slipped in post-market trading today, closing at ₹1407.7 after shedding 0.22%. The stock traded within a range of...

Hexagon Nutrition Schedules Earnings Conference Call for FY26 Results Hexagon Nutrition Ltd has announced a maiden earnings conference call inviting analysts and institutional investors to discuss the operational and financial performance of the company for Fiscal Year 2026. The meeting is scheduled for Friday, July 17, 2026, at 4:00 p.m. IST.The conference call will focus on the Audited Financial Results (both Standalone and Consolidated) pertaining to the quarter and year ended March 31, 2026. Management participants for the event include Mr. Vikram Kelkar, Managing Director; Dr Nikhil Kelkar, Joint Managing Director; and Mr. Soman Jana, Chief Financial Officer.The company provided key details regarding the conference call...