Markets

Indostar Capital Finance Allots Equity Shares Following Stock Option Exercise; Paid-up Capital Increases Indostar Capital Finance Ltd has completed the allotment of equity shares after the exercise of stock options under the IndoStar ESOP Plan 2018. The move resulted in an increase in the company's paid-up equity share capital.The allotment was approved by Mr. Randhir Singh, Managing Director and Executive Vice Chairman of the Company. As part of this action, Indostar Capital Finance allotted 7,352 equity shares of face value INR 10/- each to shareholders exercising their options.This transaction updates the company's capital structure, which saw a subsequent increase in paid-up equity share capital.The key details regarding the...

Cella Space Announces Unaudited Q1 Results and Approves Preference Share Redemption The Board of Directors of Cella Space Limited approved several key corporate actions, including the redemption of preference shares following strong performance reported in its unaudited financial results for the quarter ended June 30, 2026.The company's management reviewed and confirmed the un-audited standalone financial results. These figures reflect that Cella Space is operating independently, as it had sold its only wholly owned subsidiary, M/s Vijay Logistics Parks Private Limited, on May 14, 2026, meaning consolidated financials were not required for consideration at this time.Share Redemption Approved A significant decision approved by the...

Drone Revolution Ignites: Students Challenge Built on Indigenous Chip as MeitY Launches NIDAR 2.0 The Ministry of Electronics and Information Technology (MeitY) and the Drone Federation India (DFI) have launched the second edition of the National Innovation Challenge for Drone Application and Research, known as NIDAR 2.0. This major initiative aims to transition Indian students from merely operating drones to designing the core technology that drives them. The program was unveiled at Electronics Niketan in New Delhi under the SwaYaan banner.Shri S. Krishnan, Secretary of MeitY, highlighted a crucial shift in focus with the launch. He stated that NIDAR 2.0 is fundamentally about building the drone's "brain." By focusing on indigenous...

Hawa Engineers Ltd. Schedules Board Meeting to Review Unaudited Financial Results for Quarter Ended June 30, 2026 Hawa Engineers Ltd. has scheduled a meeting of its Board of Directors to review the company's financial performance for the quarter ended June 30, 2026. The meeting is set for Monday, July 20, 2026.The primary agenda item for the board includes considering and approving the Unaudited Standalone Financial Results for the quarter ending June 30, 2026. Additionally, the directors will consider any other business with permission from the Chair.In terms of internal procedures and reporting regarding insider trading, the trading window for dealing in the securities of Hawa Engineers Ltd. remains closed. This restriction is in...

Ranjit Securities Announces Board Meeting to Address Statutory Auditor AppointmentRanjit Securities Ltd has scheduled its third meeting of the Board of Directors for the fiscal year 2026-2027. The board meeting is set to address crucial matters related to the company’s statutory auditing requirements.The management announced that the Board meeting will be held on Thursday, July 16, 2026.Among the key items to be considered and approved during the meeting is the appointment of a Statutory Auditor. This auditor is intended to fill a casual vacancy that has arisen due to the resignation of the company's ongoing Statutory Auditor, pending subsequent shareholder approval.Stock Price Movement Ranjit Securities Ltd settled at ₹59.09...

RBI Slaps Monetary Penalty on Surat People's Co-operative Bank for Director Non-Compliance Issues Regulatory Action: RBI Imposes Penalty on Surat People's Co-operative Bank The Reserve Bank of India (RBI) has levied a monetary penalty against Surat People's Co-operative Bank Ltd., Surat. The penalty amounts to ₹13.30 lakh (Rupees Thirteen lakh and thirty thousand only). This action was taken under an order dated July 10, 2026.The imposition is for non-compliance with specific directions issued by the RBI regarding 'Board of Directors - UCB'. The penalty was exercised utilizing powers conferred upon the RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.Findings Detail Non-Compliance at...

Uno Minda Limited Appeal Regarding GST Penalty Order on Foreign Transactions Uno Minda Limited has received an order from the appellate authority concerning a dispute related to Goods and Services Tax (GST) non-payment on expenses reimbursed to foreign entities, services imported for technical and business support, and Corporate/Bank Guarantees provided for foreign entities. The company maintains that it does not foresee any material impact from this matter on its financial or operational activities.The dispute originated from a Penalty Order issued by the Office of Commissioner of Goods and Services Tax, Faridabad. This order demanded a penalty amounting to Rs. 1,71,52,785/- along with applicable interest.Following the initial...

PropShare Titania Announces Distribution for Unitholders Set Following Board Declaration PropShare Titania, the second scheme of the Property Share Investment Trust, has declared a distribution to its unitholders for the quarter ended June 30, 2026. The decision was made by the Board of Directors of PropShare Investment Manager Private Limited during their meeting held on July 13, 2026.The declaration sets the timeline and requirements for the fund's investors (unitholders) concerning the payment. Key dates related to the distribution have been established:Record Date: The date for distributions is set as July 16, 2026. Payment Date: The scheduled payout of these distributions will be completed on or before July 23, 2026.The...

Mahaveer Infoway Ltd Reports Qended June 2026 Financial Results; Company Secretary Resigns Mahaveer Infoway Limited released its unaudited financial results and a limited review report for the quarter ended June 30, 2026. The company also announced the resignation of Ms. Monika Rathi from her role as Company Secretary cum Compliance Officer.The Board of Directors of Mahaveer Infoway Limited reviewed and approved the results during a meeting held on July 13, 2026. The limited review report, conducted by Kalyana & Co., stated that nothing came to their attention regarding the unaudited financial statements for the quarter ended June 30, 2026, that suggested material misstatement or lack of required disclosure.Financial Performance...

RBI Auctions ₹32,000 Crore GoI Dated Securities; Market Gears Up for Yield Battle on Key Maturities The Reserve Bank of India (RBI) has announced a significant auction involving Government of India (GoI) dated securities, inviting bids for a total notified amount of ₹ 32,000 crore. The sale encompasses three different security tranches with varied maturities and coupon rates. This major issuance is scheduled to be conducted on Friday, July 17, 2026, under the supervision of the RBI Mumbai Office.Overview of the GoI Dated Securities Offerings The auction features three distinct dated securities, targeting investors with varying investment horizons. The offerings include a 6.03% GS maturing in January 2029 for ₹ 11,000 crore. Another...

Geetanjali Credit and Capital to Hold Board Meeting for Capital Increase and Funding Proposal A meeting of the Board of Directors has been scheduled for Geetanjali Credit and Capital Ltd., focusing on significant corporate activities, including increasing authorized share capital and reviewing a proposal for raising funds. The board meeting is set to take place on Thursday, July 16, 2026, at the company's registered office.The agenda for the Board of Directors includes two major business points related to the company's financial structure. First, the meeting will address the initiative to increase the Authorized Share Capital of Geetanjali Credit and Capital Ltd. Second, directors are set to consider a proposal for raising funds. This...

PropShare Celestia Reports No Deviation in Utilization of IPO Proceeds for Q2 2026 PropShare Celestia has confirmed that the proceeds generated from its Initial Public Offering (IPO) have been utilized strictly according to the objectives set out in the Final Key Information of the Scheme, with no deviations or variations reported for the quarter ending June 30, 2026. The funds were deployed in line with the stated use of proceeds as outlined in April 17, 2026.The statement provided by PropShare Celestia confirms that all financial activities related to the third scheme of Property Share Investment Trust proceeded without any variation regarding the utilization of funds raised through the IPO.Details concerning the fund raising and...

Kaya Limited Announces 23rd Annual General Meeting, Outlines Dividend Distribution Process Kaya Limited has announced that its 23rd Annual General Meeting (AGM) will be held on Friday, August 7, 2026. The meeting is scheduled to take place at 9:30 a.m. IST and will be conducted through Video Conferencing. This information was published in newspapers including Financial Express and Mumbai Lakshdeep on July 13, 2026.The company has also provided details regarding the payment of dividends. Shareholders are informed that a dividend is set to be paid from members' allotted shares. The process involves the division of taxes between the members and the company, with TDS being deducted at the prescribed rate.Key financial information...

Board Approves Up To Rs 1,55 Crore Rights Issue for Jaykay Enterprises Ltd Jaykay Enterprises Limited announced that its Board of Directors has approved plans to raise funds through a Rights Issue involving partly-paid up equity shares. The company's board meeting on July 13, 2026, considered and sanctioned the issuance of securities amounting to up to Rs 1,55,00,00,000 (Rupees One Hundred and Fifty-Five Crore).The decision grants eligible shareholders a right to purchase these shares during the Rights Issue. The company's Board has authorized a specific 'Rights Issue Committee' to oversee the transaction. This committee will be responsible for determining several key operational aspects of the issue.Terms that fall under the...

RDB Real Estate Constructions Invests in New SPV for Gems & Jewellery Park Development RDB Real Estate Constructions Ltd has committed to a strategic investment in a new Special Purpose Vehicle (SPV) aimed at the development of a Gems and Jewellery Park. The company approved the investment representing 49% of the Paidup Share Capital in the entity, which is being incorporated as ASHOKA - RDB INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED.The proposed company is set up for the purpose of developing a Gems & Jewellery Park through a Public Private Partnership (PPP) model. The project location is specified as Krishi Upaj Mandi, Mandi Road, Pandri, Raipur in Chhattisgarh.Details regarding the financial structure and shares allotted under...

GSB Finance Ltd Announces Name Change and Major Capital Restructuring The Board of Directors of GSB Finance Limited approved several significant corporate actions in a meeting held on July 13, 2026. Among the key decisions were a change in the company's name, an increase in authorized share capital, and the preferential issuance of up to one million two hundred thousand equity shares.The Board considered and approved the increase in the company's authorized share capital from Rs 6,00,00,000/- (Rupees Six Crores) divided into 60,00,000 Equity Shares of Rs 10/- each, to Rs 10,00,00,000/- (Rupees Ten Crores) dividable into 1,00,00,000 Equity Shares of Rs 10/- each. This change is subject to member approval and other statutory...

HCL Technologies Reports Quarterly Results, Boosts Profit, Details Strategic Acquisitions HCL Technologies Limited has reported its condensed consolidated interim financial statements for the three months ended June 30, 2026. The results show growth in revenue and profit, alongside several strategic acquisitions designed to strengthen the company’s capabilities across various technology domains.The Group reported a total revenue of $3,650 million for the period, compared to $3,545 million in the three months ended June 2025. Profit before tax stood at $645 million, resulting in a profit for the period attributable to owners of the Company of $488 million. This figure is up from $450 million reported in the previous fiscal year's...

Himatsingka Seide Ltd Allots Rs 15 Crore in Tranche 1 Series E Non-Convertible Debentures Himatsingka Seide Limited has successfully allotted a tranche of non-convertible debentures (NCDs) through a private placement. The securities were issued on July 13, 2026, raising a total aggregate amount of Rs 15,00,00,000/-.The company's Securities Committee allotted 300 Tranche 1 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures (Tranche 1 Series E Debentures). These debentures were denominated in Indian Rupees and each had a face value of Rs 5,00,000/-, with the entire issue being executed at par.The tenure of these NCDs is set for 42 months from the deemed date of allotment. The...

India Ratings Affirms Credit Rating of Neuland Laboratories Ltd India Ratings and Research has affirmed the credit rating assigned to Neuland Laboratories Limited for its bank loan facilities.The company received confirmation regarding this credit rating affirmation from India Ratings and Research, signaling stability in its financing profile. The assessment specifically pertains to the company's ability to service debt related to bank loans.The details of the confirmed credit rating are as follows:Type of Credit RatingRatingRating ActionBank loan facilitiesIND A+/ Positive/ IND A1AffirmedNEULANDLAB Stock Price Movement Neuland Laboratories Limited saw its shares shed 2.59% after closing trading today, settling at ₹19019...

Stove Kraft Ltd to Hold Board Meeting to Approve Unaudited Financial Results for Quarter Ended June 30, 2026 Stove Kraft Ltd announced that its Board of Directors will convene a meeting on Monday, August 03, 2026. The primary agenda item for the meeting is the consideration and approval of the Standalone Unaudited Financial Results for the quarter ending June 30, 2026.The company's board is scheduled to meet on August 3rd to review the financial performance for the specified quarter. This meeting pertains to the necessary internal approval of the unaudited results before further public disclosure.STOVEKRAFT Stock Price Movement Shares of Stove Kraft Limited slipped by 1.12% in post-market trading today, settling at ₹791.15. The...