Markets

Sobhagya Mercantile Ltd Allots 6,50,500 Equity Shares via Convertible Warrant Conversion Sobhagya Mercantile Limited has completed an allotment of equity shares through the conversion of convertible warrants. The Board of Directors confirmed the approval of the issue, which resulted in a significant increase in the company's paid-up capital.The allotment involved 6,50,500 Equity Shares of Face Value Rs. 10/- each to a non-promoter investor. The shares were allotted at an Issue Price of Rs. 674.49/- per share, which includes the face value and a premium of Rs. 664.49/- per equity share.The conversion process saw the company receive Rs. 32,90,66,808.75/- from the allottee. The warrants were converted at an exercise price of Rs...

Mercantile Ventures Limited Announces Record Date for Share Allocation in Amalgamation The board of Mercantile Ventures Limited has set the record date for determining eligible shareholders of India Radiators Limited concerning an ongoing scheme of amalgamation. This process determines which equity shares of the transferee company, Mercantile Ventures Limited, will be allotted to the shareholders of the transferor company, India Radiators Limited.Mercantile Ventures Limited specified that the record date for this purpose is Friday, July 24, 2026. Shareholders and creditors of both companies are affected by the terms outlined in the scheme.The allocation details pertain to equity securities, with Mercantile Ventures Ltd's security...

Inter-Bank Forex Activity Surges: RBI Data Reveals Robust Market Depth in Global Currency Trades The Reserve Bank of India (RBI) has released critical data detailing Foreign Exchange Turnover for the week spanning June 15, 2026, through June 19, 2026. This comprehensive report provides a granular look at both merchant and institutional foreign exchange transactions across various derivatives markets. The daily figures highlight significant volume in inter-bank trades, offering key insights into global currency market health and corporate forex exposure.Dynamics of Merchant Foreign Exchange Transactions Merchant trading reflects the activity of businesses engaged in international trade and related financial activities. The data...

Bharat Electronics Ltd to hold Board Meeting to Approve Unaudited Financial Results for Quarter Ended June 30, 2026 Bharat Electronics Limited (BEL), a Government of India Enterprise operating under the Ministry of Defence, has scheduled its Board of Directors meeting to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.The meeting is set to be held on Monday, July 27, 2026.This board deliberation will cover the financial performance metrics for BEL for the specified period. The company’s results are expected to provide insight into its operational status during that quarter.BEL Stock Price Movement Bharat Electronics Limited shares slipped today, closing at...

Kritika Wires Limited Approves Board Report and Schedules 22nd Annual General Meeting Kritika Wires Limited announced key outcomes following its Board meeting held on July 13, 2026. The board transacted several important business matters related to corporate governance, including approving the financial results for the previous year and setting logistics for the upcoming annual general body meeting (AGM).During the meeting, the directors approved the Board's Report along with all annexures pertaining to the Financial Year ended March 31, 2026. Furthermore, M/s. M. Kumar Jain & Co., Chartered Accountants, were re-appointed as the Internal Auditors of the Company for the Financial Year 2026-27.A major focus of the meeting was the...

Merchant and Inter Bank FX Trades Surge as RBI Releases Daily Turnover Data The Reserve Bank of India (RBI) has released comprehensive Foreign Exchange Turnover data covering the period from June 01, 2026, to June 05, 2026. This dataset provides a detailed look into both merchant and inter-bank transactions in foreign exchange markets.All figures presented are denominated in USD Millions. The report offers insights into the dual-layered FX market, detailing daily purchases across various transaction types.Merchant Foreign Exchange Market Performance The data highlights significant activity within the merchant segment, which involves FCY/INR (foreign currency to domestic rupee) and FCY/FCY transactions. Transactions cover Spot...

Indo-National Limited Invests Rs 74,90,808 in MMSPL, Boosting Stake to 60.34% Indo-National Limited has committed an additional investment of Rs 74,90,808 into Medcuore Medical Solutions Private Ltd (MMSPL). The strategic capital infusion enables the company to expand its business operations and aims to drive growth and profitability in the industry segment focused on air quality solutions.The investment represents the acquisition of 453 shares, contributing an additional 1.18% equity stake in MMSPL. Following this transaction, Indo-National Limited's total shareholding in MMSPL stands at 60.34%. The investment was made through cash consideration, and the price per share was determined based on a valuation report from a registered...

Geojit Financial Services to Hold Board Meeting Regarding Q1 Results; Insider Trading Window Closed Geojit Financial Services Ltd announced that its Board of Directors is scheduled to convene a meeting to review the un-audited financial results for the quarter ended June 30, 2026. The proposed board meeting is set for Wednesday, July 22, 2026, and will be held in Kochi.The company also provided an update regarding its insider trading protocol, confirming that the trading window for dealing in the securities of Geojit Financial Services Ltd has been closed. This restriction became effective from July 1, 2026.Geojit stated that the trading closure will remain in effect until a period of 48 hours following the dissemination of the...

NFP Sampoorna Foods Limited Confirms Non-Applicability of Certain Corporate Governance Rules Due to SME Listing Status NFP Sampoorna Foods Limited has confirmed that certain corporate governance provisions do not apply to the company, based on its status as a listed entity on an SME platform. The assessment relates specifically to Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company's equity shares are listed on the NSE Emerge Platform. This listing status dictates that compliance with certain corporate governance provisions, including those specified in regulations 17 through 27, clauses (b) to (i), and clause (t) of sub-regulation (2) of regulation 46 and paragraphs C, D, and E of...

Happiest Minds Technologies Confirms Regarding Report on Potential Stake Acquisition by ITC Infotech Happiest Minds Technologies Ltd has issued a clarification concerning a news item published regarding potential strategic developments involving ITC Infotech and the company. The report, dated July 13, 2026, circulated by moneycontrol.com, suggested that ITC Infotech was emerging as a frontrunner to acquire a majority stake in Happiest Minds Technologies.In response to the coverage, Happiest Minds stated that it has noted the news item. The company confirmed that no information required disclosure concerning this matter under regulatory requirements.Happiest Minds Technologies also provided details on its ongoing corporate governance...

ICICI Prudential AMC Reports Strong Q1 FY27 Results; Profit Jumps 23% as AUM Continues to Grow ICICI Prudential Asset Management Company Limited reported its financial results for the quarter ended June 30, 2026. The company demonstrated significant growth across key metrics, with Profit After Tax rising 23.1% year-on-year (YoY).The firm's Operating Revenue for Q1 FY27 stood at ₹15,642.2 million, marking a 17.6% increase compared to the ₹13,306.7 million reported in Q1 FY26. Total Income reached ₹17,450.2 million, reflecting an 18.1% rise.Financial Highlights for Q1 FY27 The performance improvements were steady across all levels of profitability during the quarter:Operating Profit: Operating Profit stood at ₹10,998.5 million for...

Finance Minister Orders NRI Outreach Surge as FCNR(B) and ECB Flows Gain Momentum Amid Global Uncertainty Diaspora Interest Fuels Accelerated Foreign Currency Mobilization The success of India's swap initiatives for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs) has received strong notice from the international diaspora. This was highlighted during a crucial meeting with various bank Managing Directors and Chief Executive Officers in New Delhi on July 13, 2026.MDs and CEOs reported that banks are offering highly competitive rates on FCNR(B) deposits, bolstered by the suspension of the interest rate ceiling for fresh deposit accounts under...

State Bank of India Concludes Issuance of USD 200 Million Senior Unsecured Floating Rate Notes State Bank of India has concluded the issuance of USD 200 million in Senior Unsecured Reg-S, Floating Rate Notes. This bond issuance serves as a tap for one of the bank's existing outstanding floating rate notes.The new bonds are set to be issued through the State Bank of India London branch starting July 17, 2026. Following issuance, the notes will be listed on India INX and GIFT City.Details regarding the ongoing debt instruments include:Financial InstrumentDetailsNew Issue AmountUSD 200 MillionInstrument TypeSenior Unsecured Reg-S, Floating Rate NotesExisting Note ISINXS3433781062Original Maturity3 YearsCoupon Rate...

Rail Vikas Nigam Ltd Appoints Suyash Trivedi as Executive Director Civil in Kolkata Rail Vikas Nigam Limited (RVNL) has announced the appointment of Shri Suyash Trivedi as Executive Director (Civil), based in Kolkata. The appointment comes following his absorption into the company from Mumbai Metro Rail Corporation (MMRC).Shri Trivedi was provisionally appointed as the Executive Director (Civil) and reported to the RVNL Corporate Office in New Delhi on July 13, 2026. He holds the position at the E-9 grade under the PSE (IDA) payscale of 1,50,000 to 3,00,000, with immediate effect. The company stated that a separate pay fixation order for Shri Trivedi will be issued later.The appointment is effective from July 13, 2026, and his term...

Promoter Group Member Ms. Mangla Murli Kabra Acquires Equity Shares in ALUWIND INFRA-TECH LIMITED Ms. Mangla Murli Kabra, a member of the Promoter Group, has acquired equity shares of Aluwind Infra-Tech Limited (formerly Aluwind Architectural Limited). The transactions were conducted on July 13, 2026, through an open market purchase executed on the National Stock Exchange (NSE).The details of the acquisition reflect Ms. Kabra's current holding status following the purchase period. As reported in the continuous disclosure, the transaction data is as follows:ParticularsDetailsMode of AcquisitionMarket PurchaseExchange Traded OnNational Stock Exchange (NSE)Period of AcquisitionJuly 13, 2026 to July 13, 2026The...

Godrej Properties Ltd. schedules Board Meeting to approve Q1 Financial Results and closes insider trading window Godrej Properties Ltd. has announced that a meeting of its Board of Directors is scheduled for August 04, 2026. The purpose of this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results of the company for the quarter ended June 30, 2026.In addition to the board proceedings, Godrej Properties Ltd. has closed its trading window related to the company's securities. This restriction applies to Designated Persons and their immediate relatives as defined under the Code of Conduct for Prevention of Insider Trading. The restricted trading period runs from July 01, 2026, until August 06...

Esconet Technologies Secures ₹25.74 Crores Order for Hardware Components from C-DAC Esconet Technologies Limited has secured a significant contract worth approximately ₹25.74 Crores from the Centre for Development of Advanced Computing (C-DAC) in Pune. The order involves the supply and installation of specialized hardware components for the advanced computing center.The contract is governed by a purchase order, stipulating necessary scope, specifications, performance standards, and timelines. Esconet Technologies will be responsible for both the delivery and installation of the required Hardware parts as per the established schedule.This domestic contract highlights Esconet's involvement in providing essential technology...

India Radiators Ltd Sets Record Date for Amalgamation with Mercantile VenturesIndia Radiators Limited has announced a specific record date to determine the eligible shareholders of the company involved in its Scheme of Amalgamation with Mercantile Ventures Limited. The event pertains to the transferor and transferee companies and their respective Shareholders and Creditors.The purpose of setting the record date is to identify the shareholders of India Radiators Limited who will be entitled to receive equity shares in the Transferee Company, Mercantile Ventures Limited, as stipulated by the Scheme.Details regarding the stock security and transaction parameters were released for stakeholders. The record date has been set as Friday...

Steel Exchange India Ltd to Hold Board Meeting to Approve Q2 Un-audited Financial Results Steel Exchange India Ltd has scheduled a Board of Directors meeting on Monday, July 20, 2026. The meeting is slated to consider and approve the un-audited financial results for the quarter ended June 30, 2026, along with any other matters approved by the Chair.In addition to the board meeting announcement, the company has set clear parameters regarding its trading window for its shares. Trading in Steel Exchange India Ltd's securities was closed effective July 1, 2026.The restricted trading period is designated to remain closed until a duration of 48 hours following the declaration of the Un-Audited financial results for the quarter ended June...

Jauss Polymers Ltd Appoints New Directors, Confirms Key Leadership Roles Jauss Polymers Limited has announced several key board appointments and provided clarification regarding the effective dates of these directorial positions. The company welcomed a mix of experienced professionals in finance, legal affairs, and corporate governance to its Board of Directors.The Board Meeting held on July 1, 2026, resulted in multiple recommendations for new directors. These include Ms. Shipra Chauhan as Managing Director, Mr. Aditya Chopra as Whole-time Director, Ms. Kritika Seth as Executive Director, and Mr. Santosh Prasad Kushawaha as Independent Director.In addition to these appointments, Ms. Neha Shukla was appointed as an Additional...