Markets

ESL Steel Received GST Intimation Alleging Short Reversal of Input Tax Credit ESL Steel Limited (ESL), a subsidiary of Vedanta Iron and Steel Limited (VISL), has received an intimation from tax authorities concerning alleged short reversal of Input Tax Credit (ITC) pertaining to its operations. The intimation was issued by the Office of the Principal Commissioner, Central Goods and Services Tax and Central Excise, Ranchi, on August 13, 2026.The GST DRC-01A form alleges that ESL committed a contravention under the provisions of the Central Goods & Service Tax Act, 2017 read with Jharkhand GST Act, 2017 and IGST Act, 2017. The violation relates to the short reversal of ITC during the financial years spanning FY 2020-21 to FY 2022-23...

3M India Reports Strong Revenue Growth in Q1 FY26; PAT Jumps 31.2% Bengaluru: 3M India Limited has announced its financial results for the first quarter of fiscal year 2026 (Q1 FY26), demonstrating broad-based growth across all business segments and reporting a significant rise in profit after tax (PAT). The company saw sales and other operating income increase by 19.0% on a year-on-year (YoY) basis, while Profit After Tax (PAT) grew by 31.2%.The results reflect the company's fifth consecutive quarter of double-digit YoY sales growth, a trend driven by investments in commercial and innovation excellence.Q1 FY26 Financial Highlights For the three months ended June 30, 2026, 3M India recorded total revenue from operations amounting to...

Pasupati Acrylon Limited Announces Book Closure and E-Voting Details for 43rd Annual General Meeting Pasupati Acrylon Limited has announced key dates related to its upcoming 43rd Annual General Meeting (AGM), detailing the book closure period for members and the schedule for remote electronic voting.The company confirmed that the Register of Members and Share Transfer Books will be closed from September 4, 2026, to September 9, 2026. This closure is intended to facilitate the recording of members' details for the 43rd Annual General Meeting, which is scheduled to take place on September 9, 2026.Key details regarding the book closure and voting period are presented below:Security CodeType of SecurityBook Closure PeriodPurposeAGM...

Tata Steel Transfers 100% Stake in Jamshedpur Football to Churchill Brothers FC Tata Steel Limited has divested its entire equity stake in Jamshedpur Football and Sporting Private Limited (JFSPL), transferring ownership to Churchill Brothers Sports Club Private Limited, commonly known as Churchill Brothers FC. The transaction marks a significant transition for the football entity, ensuring continuity for the players and coaching staff previously associated with Tata Steel.The Committee of Directors of Tata Steel Limited approved the transfer on August 14, 2026. Under the terms of the Share Purchase Agreement signed by both parties, Tata Steel ceded its complete 100% stake in JFSPL to Churchill. The shares comprise 4,08,00,000 equity...

Dhansa Labs Announces First Quarter Financial Results and Updates Governance Policies Dhansa Labs Limited, formerly known as Ambey Laboratories Limited, has released its Unaudited Financial Results for the first quarter of Fiscal Year 2026-27. The results cover both standalone and consolidated financials, which were reviewed by the company's Statutory Auditor. Furthermore, the Board of Directors approved several policies following an increase in paidup share capital beyond ₹25 Crore.The financial statements detail the company's performance for the quarter ended June 30, 2026, alongside audited figures from the previous year. These results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on...

Gold Rates Dip: Compare 22K and 18KT Prices Across Tanishq, Malabar & Joyalukkas For gold buyers in India, especially those planning a purchase on Friday, August 14, 2026, diligent price checking remains paramount. Due to varying operational costs, regional taxes, and processing fees, the retail price of gold can differ significantly across major jewelry houses, even when purity is standardized. This report provides comprehensive readings from Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas, alongside the definitive indicative rates set by the India Bullion and Jewellers Association (IBJA).Brand-Wise 22K Gold Jewellery Rates on August 14, 2026 Tanishq reported its 22k gold jewellery price at ₹14,160 per gram across...

Ananya Birla's Svatantra Microfin Seeks Massive ₹3000 Cr IPO, Aiming for Growth Surge in FinTech Space Svatantra Microfin, a leading player in the microfinance sector, has filed paperwork for an initial public offering (IPO) amounting to Rs 3000 crore. The company, which is noted as India's second largest microfinance institution by gross portfolio, aims to raise capital through this public listing.The IPO structure includes two components: a fresh issue of shares totaling Rs 1500 crore and an offer for sale (OFS) valued at Rs 1500 crore. This split allows the company to inject growth capital while facilitating existing investors to pare down their stakes.Investor Stakes and Ownership Structure The draft prospectus filed with the...

Marinetrans India Limited cancels Board Meeting scheduled for August 14, 2026 Marinetrans India Limited has announced the cancellation of its Board Meeting that was originally scheduled to take place on Friday, August 14, 2026.The company stated that the decision to cancel the meeting was necessitated by unavoidable circumstances and the non-availability of certain key participants required for meaningful deliberation of the agenda items.The Board Meeting, which had been slated for 11:30 a.m., is now cancelled.Marinetrans India Limited confirmed that the meeting will be convened on a later date. The company plans to provide prior intimation regarding the revised date once it has been finalized, assuring stakeholders they will keep...

BF Utilities Limited Releases Unaudited Standalone Financial Results for Quarter Ended June 30, 2026 BF Utilities Limited has reported its unaudited standalone financial results and a limited review report for the quarter ending June 30, 2026. The company provided these results as part of its routine operational updates.The announcement specified that while the standalone results have been made available, the consolidation of these figures is pending due to delays in receiving necessary reports from key subsidiaries.Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), which are subsidiaries of BF Utilities Limited, have not yet submitted their unaudited financial results for the...

BF Utilities Board Addresses Non-Compliance with Financial Results Submission The Board of Directors of BF Utilities Limited held a meeting on August 14, 2026, to review matters related to the non-submission of audited financial results for the year ended March 31, 2026, following correspondence received from the National Stock Exchange of India Ltd (NSE).The Board thoroughly discussed and noted the issue of non-compliance, including receiving correspondence regarding the freezing of Promoters' demat accounts due to this matter.The deliberation revealed that the non-submission occurred because two subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd (NICE) and Nandi Economic Corridor Enterprises Ltd (NECE), have not yet...

United Interactive Ltd Approves Quarterly Results and Sets AGM Details United Interactive Limited has announced key outcomes of its Board meeting held on August 14, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also set critical dates related to its upcoming Annual General Meeting (AGM).The Board reviewed and approved the Unaudited Financial Results for the quarter ended June 30, 2026. These financials were subject to a Limited Review by the Statutory Auditor, which resulted in an unmodified report.A review of the unaudited consolidated financial results for the quarter was conducted by D. N. Kanabar & Co., and nothing came to their attention that...

Mehta Integrated Finance Ltd Announces Q1 Unaudited Financial Results for the Quarter Ended June 30, 2026 Mehta Integrated Finance Limited has reported its Statement of Standalone Unaudited Financial Results for the first quarter ended on June 30, 2026. The results were approved by the Board at its meeting held on August 14, 2026, and reviewed by the Statutory Auditors, Asim Ravindra & Associates, chartered accountants of Ahmedabad.The company’s unaudited financial performance details for the first quarter are provided below, with all figures stated in lakhs.Financial Performance Summary (Q1 ended June 30, 2026)ParticularQuarter Ended 30/6/2026 (Unaudited)Quarter Ended 31/3/2026 (Audited)Quarter Ended 30/6/2025 (Unaudited)Year...

National Company Law Tribunal Dismisses Executive Petition Filed Against Banaras Beads Limited The National Company Law Tribunal (NCLT) at Allahabad has disposed of an executive petition filed against Banaras Beads Limited following the petitioner's decision to withdraw the case.According to the proceedings, the NCLT passed an order on August 6, 2026, concerning Executive Petition No.424/ALD/2018 and Cont. A. No.10/2023 in CP No.14/1999. The petitions concerned a case involving the company and Shri Ashok Kumar Gupta, Chairman & Managing Director of Banaras Beads Limited.The petitioner, Ex-director Raj Kumar Gupta, sought to withdraw his petition against the company and Shri Ashok Kumar Gupta. Based on this statement, the NCLT...

Shukra Pharmaceuticals Ltd Completes Listing on NSE; Stock Continues Trading on BSE Shukra Pharmaceuticals Limited has successfully listed its equity shares on the Main Board of the National Stock Exchange of India Limited (NSE). The listing and admission to dealings on NSE took effect starting Friday, August 14, 2026. This event marks a significant step for the pharmaceutical company in expanding its market presence.The company's equity shares will continue to be listed and traded concurrently on BSE Limited (BSE), maintaining dual-listing status across both exchanges.Key trading details for Shukra Pharmaceuticals Limited on NSE are as follows:DetailInformationCompany NameShukra Pharmaceuticals LimitedNSE Trading...

PFL Infotech Announces Q1 FY2026 Results, Approves Auditor Appointments, Schedules 39th AGM PFL Infotech Ltd confirmed key governance changes and released its unaudited financial results for the first quarter ending June 30, 2026. The company also set the date for its 39th Annual General Meeting (AGM) on September 26, 2026.The Board of Directors, at a meeting held on August 14, 2026, reviewed and approved the unaudited standalone financial results for the quarter ended June 30, 2026, which were subject to a Limited Review Report from the Statutory Auditors. Key operational decisions made during the board meeting included the appointment of new directors and statutory auditors.Mr. Parma Nand Chand was appointed as the Managing...

Radhika Poddar Increases Stake in Sellowrap Industries Through Open Market Share Acquisition Radhika Poddar, operating as part of the Promoter Group, has acquired shares of Sellowrap Industries Limited from the open market. The acquisition was completed on August 13, 2026, marking an increase in the Promoter Group's holding in the company.The transaction involved the purchase of equity shares by Radhika Poddar. Prior to this acquisition, Radhika Poddar held 60,800 shares, representing a 0.44% stake in Sellowrap Industries Limited. Following the open market acquisition, the combined holding stood at 89,600 shares, translating to a 0.65% stake.The acquisition included 60,800 equity shares and 28,800 Voting Rights (VRs) acquired...

Mercantile Ventures Ltd extends Mr. E N Rangaswami's tenure as Whole-time Director for three years Mercantile Ventures Ltd has approved the re-appointment of Mr. E N Rangaswami as a Whole-time Director, extending his service with the company for an additional period of three years. The decision was taken by the Board of Directors at a meeting held on August 14, 2026.The Board’s approval followed a recommendation from the Nomination and Remuneration Committee. Mr. E N Rangaswami will serve in this capacity from December 05, 2026, until December 04, 2029. This extension follows his previous appointment, which was made at the Annual General Meeting on September 23, 2024, for a two-year period that expired on December 04, 2026.Director...

ZEEL Shares Rocket After SAT Reverses SEBI Ban, Permits ₹3,143 Cr Warrant Issue Zee Entertainment Enterprises (ZEEL) witnessed a significant surge on Friday after the Securities Appellate Tribunal (SAT) granted crucial interim relief in its ongoing dispute with the Securities and Exchange Board of India (SEBI).The stock rallied substantially, moving up as much as 8% and reaching a day's high of Rs 105 on the BSE. This decisive ruling provides substantial operational clarity for the company.Market Reacts Strongly as Zee Entertainment Stock Rallies The relief granted by SAT overturns previous restrictions imposed by the regulator. The tribunal stayed the SEBI order, which had previously barred ZEEL from accessing the securities...

Apsis Aerocom Limited Inaugurates New Manufacturing Unit and Branch Office in Bengaluru Apsis Aerocom Limited has inaugurated its new Unit II, which serves as both a manufacturing unit and a branch office. The establishment was officially opened on Friday, August 14, 2026.The facility is located at Plot No. 4-A-14 & 5-A-6 in Hitech Defence and Aerospace Park. It is situated within Hoovinayakanahalli Village, Hobli Jala, North Yalahanka, Bengaluru Urban, Karnataka, with the designated location details as Sy. No. Parts of 104 and 12.The commissioning of this new unit expands Apsis Aerocom Limited's operational presence in Bengaluru.APSISAERO Stock Price Movement As of 12:12 PM, shares of Apsis Aerocom Limited hold steady at ₹484.15...

Shukra Pharmaceuticals Ltd Announces Direct Listing on National Stock Exchange Shukra Pharmaceuticals Limited, a significant entity in the pharmaceutical manufacturing sector, has announced that its equity shares have been approved for listing and regular trading on the Main Board of the National Stock Exchange of India Limited (NSE). The company is transitioning to the NSE via a direct listing from the Bombay Stock Exchange (BSE), marking a major milestone.The landmark event, including the ceremonial opening bell ringing at the NSE Exchange Plaza in Mumbai, is scheduled for Friday, August 14, 2026. This dual-listing strategy aims to expand the company's visibility, attract a broader base of institutional and retail investors, and...