Markets

L&T Finance Achieves Grade A ESG Rating with Adjusted Score of 81.9 L&T Finance Ltd has secured an adjusted Environment Social Governance (ESG) rating from SES ESG Research Private Limited, achieving a score of 81.9 and earning a Grade A classification. The assessment is based on data pertaining to the financial year FY2025-26.The ranking was provided by SES ESG Research Private Limited under Category II. While the company's overall ESG performance remained broadly stable, the rating reflected minor changes within specific pillars of its environmental and governance aspects.Despite the marginal correction observed in the environment and governance components, L&T Finance Ltd demonstrated resilient social performance and made...

DCM Shriram Fine Chemicals Ltd Announces Appointments of New Director and Chairman The Board of Directors of DCM Shriram Fine Chemicals Ltd has approved two significant appointments regarding its leadership structure, effective July 15, 2026. These decisions include the appointment of Mr. Nitin Atroley as an Additional Director and Mr. Alok Bansidhar Shriram as the Non-Executive Chairman of the Board.Mr. Nitin Atroley has been appointed as a Non-Executive Independent Director for a term of five consecutive years, running from July 15, 2026, to July 14, 2031. Mr. Atroley brings over three decades of experience spanning corporate strategy, governance, and talent management. His professional history includes serving as Chief Strategy...

Goldline Pharmaceutical Appoints M/s Avinash Gandhewar & Associates as Secretarial Auditor Goldline Pharmaceutical Ltd has appointed M/s Avinash Prakash Gandhewar, practicing Company Secretaries, as the company's Secretarial Auditor. The Board of Directors approved this appointment at a meeting held on July 14, 2026.The appointment is for the financial year spanning from April 1, 2025, until March 31, 2026.M/s Avinash Gandhewar & Associates was selected to conduct the Secretarial Audit for the specified period. The company provided a detailed profile of the appointed firm, outlining its expertise and terms of engagement.Key details regarding the appointment are as follows:ParticularsDetailsName of AuditorM/s Avinash...

Sanathnagar Enterprises Appoints Vikas Jain as Chief Executive Officer The Board of Directors of Sanathnagar Enterprises Limited has approved the appointment of Mr. Vikas Jain as the company's Chief Executive Officer, effective July 14, 2026. The decision follows a recommendation from the Nomination and Remuneration Committee of the company.Mr. Vikas Jain was appointed following a Board meeting held on Tuesday, July 14, 2026, to fill the role of CEO.The appointment marks a significant transition for the financial institution, bringing together extensive experience in credit management and lending services. Mr. Jain is a Chartered Accountant and holds a Bachelor's degree in Commerce from Mumbai University.Mr. Jain brings over 19...

Tata Elxsi Reports Q1 FY27 Results, Showcasing Segmental Revenue and Profit Trends Tata Elxsi Ltd has released its Audited Interim Financial Results for the quarter ended June 30, 2026. The results provide a detailed view of the company's performance across various financial metrics, including income, expenses, and segment-wise revenue breakdown.The company operates within two core industry verticals: software development & services and system integration & support services.Quarterly Financial Highlights The consolidated financial statements reflect operational figures across the most recent quarter, compared against the previous year's corresponding period and the current fiscal year's prior quarter.Key components of the...

Jaykay Enterprises Schedules Rights Issue Committee Meeting as Stock Watch Continues Jaykay Enterprises Ltd has announced a meeting of its Rights Issue Committee, following the Board’s approval of a significant equity offering. The company is set to review key parameters related to the rights issue in a scheduled committee meeting.The notice states that a meeting of the Rights Issue Committee of Jaykay Enterprises Limited is scheduled for Friday, July 17, 2026. This follows the Board of Directors' meeting held on Monday, July 13, 2026, during which the company approved the Rights Issue of Partly paid-up Equity shares, having a face value of Re.1/- each, to be offered to eligible Equity Shareholders.During the committee meeting...

Guru Krupa Gems Clarifies Market Rumors; Reaffirms Normal Business Operations Guru Krupa Gems and Jewellery Limited, formerly known as Bhakti Gems and Jewellery Limited, issued a clarification to address false and baseless rumors currently circulating in the market regarding its operations. The company categorically stated that the circulated information is misleading and lacks any factual foundation.The clarifications directly addressed concerns raised by the Dainik Ujager group regarding the company's business activities. Guru Krupa Gems and Jewellery Limited assured stakeholders that all allegations are untrue and do not reflect the true state of affairs of the organization.In a statement emphasizing stability, the company...

Mufin Green Finance Approves Issuance of NCDs and Foreign Currency Bonds Mufin Green Finance Limited has approved two major financing initiatives through its Management Committee. The company greenlighted the private placement of secured, non-convertible debentures (NCDs) and the issuance of foreign currency denominated bonds under the External Commercial Borrowings (ECB) framework.The approval details encompass both instruments, which are designed to bolster the company's financing structure.Details of Proposed Securities Issuance Mufin Green Finance intends to issue NCDs and ECB bonds via a private placement mechanism. The specifics regarding these securities are detailed below:ParticularNon-Convertible Debentures...

CCI Approves Opal Bidco's Acquisition of 100% Stake in STT GDC Pte. Ltd. The Competition Commission of India has approved a major corporate combination involving the acquisition of STT GDC Pte. Ltd. by Opal Bidco Pte. Ltd. The transaction sees Opal Bidco acquire 100% shareholding in STT GDC, with 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) acquiring an economic interest in the company.Opal Bidco is an investment vehicle that is indirectly wholly owned by funds, vehicles, and/or accounts advised and managed by KKR. Similarly, Ruby Asia Holdings II Pte. Ltd., a special purpose vehicle, is...

Manaksia Coated Metals & Industries Reports Strong Q1 FY27 Results; PAT Surges 162% QoQ Manaksia Coated Metals & Industries Limited (MCMIL) announced its financial results for the first quarter of Fiscal Year 2027, approved by the Board of Directors on July 14, 2026. The company reported a significant surge in Profit After Tax (PAT), robust growth in EBITDA, and increased revenue as part of its strong operational execution despite challenging global market conditions.The results highlight improved profitability and core operational strength across the industry, with EBITDA per ton reaching an all-time high of Rs. 10,401 / MT.Financial Performance Snapshot (Consolidated) MCMIL reported substantial growth in key financial metrics...

India Ratings Affirms Waa Solar Ltd's Bank Loan Facilities with IND BBB+/Stable Rating Waa Solar Ltd has received a credit rating from India Ratings & Research Private Limited, affirming its existing bank loan facilities. The rating was issued on July 13, 2026, and assigned an overall rating of 'IND BBB+/Stable/IND A2+' for the company's total facility.The assessment by India Ratings & Research resolved a previous Rating Watch related to Waa Solar Ltd's bank loan facilities. The ratings cover various instruments issued with State Bank of India.According to details provided by India Ratings, the corporate entity maintains secured financing arrangements across multiple instruments. Key findings from the rating include...

Moody's Affirms Stability: SBI and HDFC Banks Cement Strong Asset Quality as Ratings Stand Firm Moody's Ratings on Tuesday affirmed the ratings of State Bank of India (SBI) and HDFC Bank, maintaining a stable outlook based on their strong asset quality. The reaffirmation of both institutions highlights the robust financial health and stability within India's banking sector.In separate statements, Moody’s confirmed the 'Baa3' long-term deposit rating and the 'baa3' Baseline Credit Assessment (BCA) and adjusted BCA for the state-owned SBI and the private sector HDFC Bank.Assessing State Bank of India's Financial Strength Moody's noted that SBI’s rating affirmation with a stable outlook reflects its large and diversified lending...

Bengaluru Office Leasing Plummets by 21% as Corporates Delay Decisions Amid Global Uncertainty Bengaluru Market Experiences Significant Decline in Workspace Leasing Bengaluru, identified as India's leading office market, reported a sharp contraction in gross leasing activity for workspaces during the January to June period. Gross leasing in Bengaluru fell by 21 percent, recording 9.37 million sq ft of leased space in the first half of the year (H1). This was down from 11.79 million sq ft recorded in the corresponding period of the previous year.This downturn reflects cautious corporate sentiment and delayed decision-making among corporations operating globally. JLL, a real estate consultant, highlighted that these figures reflect all...

Organic Coatings Ltd Announces Key Appointments, Auditor Changes, and Strategic Approvals Organic Coatings Limited, a manufacturer of printing inks and allied products, announced several significant corporate decisions following its Board meeting held on July 14, 2026. The board approved key appointments in the audit function, welcomed two new Independent Directors to the board, and finalized several strategic operational approvals.Among the most notable changes in governance was the appointment of Mr. Ramanathan Ganesh (DIN 00016260) and Mr. Subhash Ambubhai Patel (DIN: 00535221) as Additional Directors in the category of Non-Executive Independent Director, effective from July 14, 2026.Mr. Ramanathan Ganesh, who has over four...

Surat Trade and Mercantile Ltd to Hold EGM; Approves Director Re-appointment and Increased Investment Limits Surat Trade and Mercantile Ltd (STML) has announced several key resolutions following a Board Meeting held on July 14, 2026. The company scheduled its First Extra Ordinary General Meeting (EGM) for the Financial Year 2026-27 to address matters including director re-appointment, enhanced financial limits, and ratification of Material Related Party Transactions.The EGM is set to take place on Monday, August 10, 2026, utilizing a Video Conferencing (VC) or Other Audio Visual Means (OAVM). The cut-off date for the EGM has been fixed as July 18, 2026.Appointments and AuthorizationsThe resolutions scheduled for approval at the...

Cybertech Securities Confirmed Following Dematerialization Process for Quarter Ended June 30, 2026Securities of Cybertech Systems And Software Limited have been confirmed following their dematerialization process for the quarter ended June 30, 2026. This confirmation was provided by MUFG Intime India Private Limited regarding the securities received from depository participants.The review confirms that the securities intended for dematerialization were either accepted or rejected by the depositories. Furthermore, the security certificates that were submitted for processing have undergone due verification by the depository participant and were subsequently mutilated and cancelled.The process ensures compliance with record keeping...

Bannari Amman Announces Rs 0.25 Dividend and Key Dates for Annual General Meeting Bannari Amman Spinning Mills Limited has announced several critical dates related to its upcoming Annual General Meeting, proposed dividend, and remote e-voting process. The company shared details regarding book closure periods, voting schedules, and the payment date of the dividend.The 36th Annual General Meeting (AGM) is scheduled for Monday, August 10, 2026. To facilitate this meeting, the period for book closure has been set from August 4, 2026, to August 10, 2026.The company has proposed a dividend of Rs 0.25 per share, which represents 5% on the Equity Share Capital.To manage shareholder participation and voting, Bannari Amman Spinning Mills...

Ipca Laboratories Announces 76th Annual General Meeting and Recommends Dividend of Rs 6 Per Share Ipca Laboratories Ltd has announced the details for its 76th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM is scheduled to take place on Thursday, August 13, 2026, at 3:30 p.m., and will be conducted via Video Conferencing or other Audio Visual Means (VC/OAVM).The Company has released the Annual Report for the financial year 2025-26, which forms part of the AGM notice, in electronic format to registered members. The report is also available on the company website.Dividend and Key Dates The Board of Directors recommended a dividend of Rs 6 per share (representing 600%) for the financial year ended...

IBS Group Sets Market Readiness as AI Venture Drives Global Travel Tech Strategy Singapore-headquartered IBS Group, a leader in the global travel industry, has affirmed plans for an eventual stock market listing, emphasizing that the timing must be aligned with favorable market conditions. V K Mathews, Executive Chairman of the group, stressed that while the company is actively pursuing this goal, external market readiness remains the critical determinant.The group recently underscored its commitment to technological advancement by launching Naviq Technology, a purpose-built artificial intelligence (AI) vertical aimed at transforming the travel sector. This strategic move reflects the importance of domain expertise and the massive...

Peninsula Land Approves Material Related Party Transaction for Residential Project Development The Board of Directors of Peninsula Land Limited approved a material Related Party Transaction (RPT) following its meeting on July 14, 2026. The transaction involves Mr. Jaydev Mukund Mody and/or entities related to or nominated by him (collectively referred to as "JMM").The approval was granted subject to the subsequent approval of the shareholders of Peninsula Land Limited. This material RPT pertains to the end-to-end development and management by the Company of a residential project. The property intended for this development is owned by JMM, and the transaction will proceed on terms and conditions mutually agreed upon by both parties...