Markets

Flywings Simulator Training Centre Limited qualifies for Corporate Governance exemption due to SME listing status and financial thresholds Flywings Simulator Training Centre Limited has been confirmed as exempt from certain corporate governance requirements under SEBI regulations, based on its listing status on the National Stock Exchange of India's (NSE) Emerge Platform (SME) and specific financial metrics across three consecutive financial years.The exemption allows the company to forego compliance with specified aspects of Corporate Governance provisions outlined in Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The decision is supported by a review conducted by Sumit Bajaj & Associates...

Studio LSD Limited Files Defamation Suit Against Shareholder in Mumbai High Court Studio LSD Limited has initiated legal proceedings concerning defamation, filing a suit against Mr. Anurag Singal and others before the High Court of Judicature at Bombay. The lawsuit seeks restraining orders related to false allegations made against the company and its management.The legal action was filed on July 13, 2026.The dispute centers on defamation and connected reliefs. Studio LSD Limited is seeking both permanent and temporary injunctions to restrain the publication and dissemination of false and defamatory allegations concerning the Company and its management.A core aspect of the lawsuit includes a claim for damages. The Company has...

Aurum PropTech Ltd Schedules Board Meeting to Discuss Major Fundraising Proposal Aurum PropTech Ltd has scheduled a meeting of its Board of Directors for Thursday, July 16, 2026, to address a significant proposal regarding corporate funding.The central agenda item for the meeting is the consideration and approval of a plan to raise funds through the issuance of equity shares or other eligible securities. The company confirmed that this fundraising initiative could be executed through various permissible methods, including private placement, qualified institutions placement, preferential issue, or any combination of these approaches, subject to regulatory requirements and eventual shareholder approval.In addition to reviewing the...

Gujarat Themis Resolves Commercial Dispute in Arbitration with Optimus Drugs Gujarat Themis Biosyn Limited has announced that it has reached an amicable resolution regarding a commercial dispute that was being handled through arbitration with Optimus Drugs Private Limited.The company had previously initiated arbitration proceedings against Optimus Drugs Private Limited over the commercial dispute. The latest update confirms that both parties have mutually settled the matter, and accordingly, the ongoing arbitration process will be disposed of based on this settlement.Gujarat Themis Biosyn Limited confirmed that there will be no penalty paid by the Company resulting from the resolution. Furthermore, the company stated that the...

Kalyani Steels Directed by CPCB to Close Operations of Karnataka PlantKalyani Steels Limited has received a direction from the Central Pollution Control Board (CPCB) mandating the closure of its plant located in Koppal district, Karnataka. The directive concerns alleged violations related to environmental provisions.The company was informed of the CPCB’s order through an e-mail communication on July 7, 2026, which included a CPCB Direction dated July 3, 2026. This direction specifically targets operations at the plant situated on Hospet Road, in Village Ginigera, Talula and District Koppal.Kalyani Steels is required to submit duly notarized compliance regarding this directive within 30 days of receiving it. The alleged...

Zee Entertainment Enterprises Secures RBI Approval for FCCB Redemption and Commitment Cancellation Zee Entertainment Enterprises Limited has received approval from the Reserve Bank of India (RBI) regarding its application to redeem outstanding Foreign Currency Convertible Bonds (FCCBs) and cancel a portion of an unutilized commitment.The approval marks a significant operational step for the company concerning its foreign currency obligations, as reported by Zee Entertainment. The company successfully secured RBI sanction for the redemption process alongside the cancellation of commitments.The details of the approved actions are presented below:Financial ActionAmountStatusRedemption of Outstanding FCCBsUSD 23.90...

GSS Infotech Approves Reappointment of Bhargav Marepally as Managing Director GSS Infotech Limited announced that its Board of Directors approved the appointment of Mr. Bhargav Marepally as the Managing Director for a term of five consecutive years, effective July 14, 2026.The decision came following the expiration of Mr. Marepally's previous tenure on July 13, 2026. The Board approved his reappointment for a five-year period, subject to the approval of members at the forthcoming Annual General Meeting and the Central Government, wherever required.Mr. Bhargav Marepally was designated as the Managing Director, in addition to other business matters related to the company's operations.Profile and Credentials Mr. Bhargav Marepally...

Nuvoco Vistas Corporation Ltd appoints M/s Walker Chandiok & Co LLP as Statutory Auditors Nuvoco Vistas Corporation Limited has appointed M/s Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditor of the company. The appointment follows a decision made by the Audit Committee and the Board of Directors.M/s Walker Chandiok & Co LLP is taking over the role following the resignation of M/s M S K A & Associates LLP. The firm was appointed effective July 13, 2026, to fill the casual vacancy created by the previous auditor's resignation. This appointment will remain in place until the conclusion of the company's 27th Annual General Meeting (AGM).In addition to filling the casual vacancy, the company recommended for...

Lupin Limited Reports Sustainability Performance in FY2025-26, Highlighting Emissions Reduction and Workforce Initiatives Lupin Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's extensive operations across domestic and international markets, while highlighting significant progress in environmental stewardship, social responsibility, and ethical governance within the pharmaceutical sector.The company’s core business activity is the manufacturing and sale of pharmaceuticals, which accounts for 98.4% of its turnover. Lupin has a wide operational reach, maintaining 12 plants and 5 offices domestically, alongside 3 international operations...

HCL Technologies Surges on Strong Q1; Grasim Seals Mega Acquisition as Market Focuses on Key Corporate Moves The stock market is seeing significant activity driven by robust quarterly earnings across multiple sectors. Amidst strong performance updates from tech giants and financial services, investors are keenly focused on major corporate strategic announcements, including large-scale acquisitions and high-profile institutional sales.Tech Sector Highlights: HCL and ICICI Prudential Deliver Strong Q1 Results HCL Technologies announced impressive results for its first quarter (consolidated YoY). The company reported a 20.3% zoom in profit, reaching ₹4,624 crore compared to ₹3,843 crore, while revenue grew by 13.9% to ₹34,579 crore from...

Institutional Giants Surge into SBI Funds Management IPO Amid Offer-for-Sale Launch State Bank of India’s flagship asset management company, SBI Funds Management, has successfully attracted massive capital through its anchor book as it gears up for a public listing. The IPO, which is structured entirely as an offer-for-sale (OFS), aims to monetize promoter stakes in the company.The launch follows significant institutional commitment from top global and domestic investors ahead of the scheduled opening on July 14. SBI Funds Management has now finalized its offering with marquee names like BlackRock, Morgan Stanley, Goldman Sachs, and Fidelity.Massive Institutional Interest Drives Anchor Book Success SBI Funds Management mobilized Rs...

FII Net Selling Sparks Caution as Sensex, Nifty Close Marginally Up Amid Global Volatility Institutional Investor Flows Dominate Market Direction Foreign institutional investors (FIIs) registered a significant net sale for the session on July 13. Provisional exchange data indicated that FIIs offloaded equities valued at Rs 13,449 crore and bought shares worth Rs 10,387 crore, resulting in a net outflow of Rs 3,062 crore.Domestic institutional investors (DIIs) provided a counter-balance to the outflows by becoming net buyers. DIIs purchased shares worth Rs 17,393 crore but sold equities totaling Rs 15,222 crore, recording a net purchase of Rs 2,172 crore.Market Indices Close Nearly Flat Despite Sectoral Moves The benchmark indices...

Nuvoco Vistas Corporation Reports Q1 Financial Results: Revenue Hits 3,128.71 with Profit after Tax at 159.63 Nuvoco Vistas Corporation Limited released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company's financial performance for Q1 FY2026 included a total income of 3,132.32 (in millions), reflecting revenue from operations of 3,128.71 and other income of 3.61.The results were reviewed by the statutory auditors, MSKA & Associates LLP, who provided an Independent Auditor's Review Report on the consolidated unaudited financial results for the quarter.Consolidated Financial Performance Highlights (Three Months Ended June 30, 2026) Consolidated figures show strong revenue...

Aditya Birla Renewables Acquires Solenergi Power in Move to Accelerate Renewable Energy Footprint Aditya Birla Renewables Limited (ABReN), a subsidiary of Grasim Industries Ltd., has approved the acquisition of 100% of the equity shares and securities of Solenergi Power Private Limited (SPPL). The transaction involves acquiring the Mauritius-incorporated company from Shell Overseas Investment B.V., a wholly-owned subsidiary of Shell PLC, through a Share Purchase Agreement.Upon completion of the deal, SPPL and its subsidiaries will become part of ABReN, thereby becoming subsidiaries of Grasim Industries Ltd. The acquisition is set for completion on or before December 31, 2026, and the consideration involves cash payment.SPPL, which...

Cella Space Limited Announces Q Ended June 30, 2026 Results; Approves Preference Share Redemption Cella Space Limited has released its standalone unaudited financial results for the quarter ended June 30, 2026. The Board of Directors, in a meeting held on July 13, 2026, approved the results and granted approval for the redemption of Non-Convertible Redeemable Preference Shares.The company also disclosed that it had sold its only wholly owned subsidiary, M/s Vijay Logistics Parks Private Limited, on May 14, 2026, meaning consolidated financials were not considered or approved at this time. The board meeting deferred the appointment of Mr. Vignesh Rajkumar as a Director of the company.The results have been reviewed by KPr & Co...

Striders Impex Confirms Non-Applicability of Corporate Governance Report Due to SME Platform Listing Striders Impex Limited has confirmed that its compliance requirement regarding the submission of a specific corporate governance report is not applicable for the quarter ended June 30, 2026. The determination relates directly to the company's listing status on the National Stock Exchange (NSE) SME platform.The equity shares of Striders Impex Limited are listed on the SME Platform of National Stock Exchange of India Limited (NSE Emerge). This listing status means that certain compliance requirements, which relate to corporate governance, do not apply to the entity.Consequently, the submission requirement for the Corporate Governance...

Page Industries Ltd Announces Board Meeting to Review Q1 Results and Consider Interim Dividend Page Industries Ltd has announced that its Board of Directors will convene on August 13, 2026. The meeting is scheduled to cover several key corporate matters, including taking on record the Unaudited Financial Results for the first quarter ended June 30, 2026.The agenda also includes consideration of the declaration of the first interim dividend for the Equity Shareholders of the Company for the financial year 2026-27. Should the Board decide to declare an interim dividend, the Record Date for the purpose of payment will be August 19, 2026.Investors and Analysts Call Scheduled In addition to the board meeting, Page Industries Ltd has...

Captain Polyplast Secures ₹23.6 Cr Order from MSEDCL for 1,000 Solar Water Pumping Systems Captain Polyplast Limited has secured a contract with Maharashtra State Electricity Distribution Company Limited (MSEDCL) worth approximately ₹23.6 Crore to supply and commission 1,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order falls under the PM Kusum B Scheme ('Magel Tyala Saur Krushi Pump' Yojana), marking a significant development in the company’s solar EPC portfolio.The contract involves the complete scope of work for 1,000 systems identified across various farmer sites in Maharashtra. This includes design, manufacture, supply, transport, installation, testing, and commissioning of the SPWPS, which range from...

Credit Rating Update: India Ratings Assigns IND A+ and Positive Outlook to Carraro India Ltd. Carraro India Limited has received a rating revision from India Ratings and Research Pvt. Ltd., a credit rating agency associated with Fitch Group, regarding its bank loan facilities. The agency has revised the Outlook on the company's bank loan facilities from Stable to Positive while affirming the long-term rating at 'IND A+'. Furthermore, the short-term rating has been upgraded to 'IND A1+'.The rating actions cover various credit instruments, reflecting assessments of both long-term and working capital needs.According to the details provided by India Ratings, the credit facility ratings are as follows:Credit Facility RatedAggregate...

Raajmarg Infra Trust reports Unitholding Pattern for June 30, 2026: Public Holding accounts for 85% of total units Raajmarg Infra Investment Trust has released its Statement of Unitholding Pattern for the quarter ending June 30, 2026. The report details the distribution of trust units among various categories, showing that the public holds 85.00% of the outstanding units, while the sponsor group holds the remaining 15.00%.According to the unitholding pattern, the Sponsor Group has held a total of 9,00,00,000 units, representing 15.00% of the total outstanding units. The entire holding within the sponsor segment is attributed to Central/State Governments, which hold all 9,00,00,000 units.The public sector holds a significant share...