Markets

Wakefit Innovations Ltd Grants 4,57,611 Employee Stock Options under ESOP 2019 Wakefit Innovations Ltd has approved the grant of 4,57,611 employee stock options (ESOPs) as part of its WAKEFIT ESOP-2019 plan. The decision was made by the Nomination and Remuneration Committee (NRC) of the Board of Directors on July 13, 2026.The grant is defined under the provisions of the WAKEFIT ESOP-2019 scheme, with all related details provided in the company’s annexed documentation.Key Terms and Financial Details The approved stock options cover a total number of shares not exceeding 4,57,611 equity shares. These options were granted to employees under the plan. The exercise price for these options is determined at Re. 1/- per Option.A...

Banking Sector Bets Surge: Bajaj Launches BSE Top 10 Banks ETF Targeting India's Economic Growth Trajectory Bajaj Asset Management Limited (BAML) has unveiled a strategic new investment vehicle aimed at capturing the growth potential of India's lending institutions. The launch includes the introduction of the Bajaj Finserv BSE Top 10 Banks Exchange Traded Fund (ETF). This open-ended, passive fund is specifically designed to track the performance of the BSE Top 10 Banks Total Return Index (TRI).The New Fund Offer (NFO) for this specialized ETF will be live for investors from July 13 to July 15, 2026. The purpose of the fund is clear: it provides investors with a rules-based, low-cost method to gain focused exposure to the banking...

Novelix Pharmaceuticals Announces Shares Allotment to Promoter Group Members Novelix Pharmaceuticals Ltd has announced that shares were allotted to members of the promoter group following the conversion of warrants issued through a Preferential Allotment. Neha Gattu was among those allocated 100,000 Equity Shares on July 9, 2026.The allotment transaction involved I. Gattu Gnana Prakash, Arati Gattu, and Neha Gattu, all members of the promoter group, in connection with the conversion of warrants into equity shares.Acquisition Details Prior to the acquisition, the holdings among the three promoters were as follows:Promoter NameShares Carried Voting Rights (A)Total Diluted Capital %I. Gattu Gnana Prakash100,0001.67%Arati...

Bengal Tea & Fabrics Ltd Receives Unmodified Opinion on Standalone Financial Results for FY2026Bengal Tea & Fabrics Limited has received an audit report regarding its standalone financial results for the fiscal year ended March 31, 2026. M/s Jain & Co., Chartered Accountants, who served as the Statutory Auditors of the company, have issued this crucial report on the financials.The auditors confirmed that the Audit Report on the Standalone Financial Results is complete and carries an unmodified opinion. This signifies the completion of the annual audit process for the company.Stock Price Movement Bengal Tea & Fabrics Ltd shares are ticking up slightly, trading at ₹144.20 as of 12:49, after gaining ₹0.30 or 0.21%.The stock's...

SBI Funds Management IPO: Analysts Give "Subscribe" Rating as AMC Showcases Dominant Market Leadership SBI Funds Management Ltd., a stalwart in the Indian financial sector, has received robust backing from analysts ahead of its Initial Public Offering. Leveraging its deep roots and massive market footprint, the Asset Management Company (AMC) is seen as a significant play for investors looking at established financial infrastructure. Anand Rathi has assigned a "Subscribe" rating to the IPO, emphasizing that despite strong valuations, the investment opportunity remains sound.Decades of Dominance in Mutual Fund Industry Incorporated in 1992, SBI Funds Management Ltd. stands as India's largest AMC when measured by Quarterly Average Assets...

Raghunath Tobacco Company Limited Reports NIL Disclosures for Quarter Ended July 30, 2026 Raghunath Tobacco Company Ltd (RTCL) has submitted a regulatory report indicating zero required disclosures regarding specific financial and operational aspects for the quarter ending July 30, 2026. The company confirmed that no information requiring disclosure under certain regulations was necessary during this period.The compliance review addressed matters pertaining to the performance and operation of the company as well as price sensitive information. RTCL stated that there is no such information impacting these areas or necessitating action regarding payments or redemptions related to specific securities classes. This conclusion was drawn...

SBI Life Insurance Approves Grant of 8,94,910 Stock Options Under ESOS-2018 Scheme SBI Life Insurance Company Ltd announced the approval of a significant grant of stock options to its employees under the Employee Stock Option Scheme -2018 (ESOS-2018 Scheme). The decision was made by the company's Board Nomination and Remuneration Committee during a meeting held on July 13, 2026.The committee approved the grant of 8,94,910 options to eligible employees of the Company. Each option entitles the holder to one equity share of the Company at Rs. 10/- upon exercise. The entire issuance covers a total of 8,94,910 equity shares valued at Rs. 10 each.The grant adheres to the provisions of SEBI (Share Employees Benefits and Sweat Equity)...

Vishal Fabrics Announces 41st AGM: Details on Director Reappointment and Cost Auditor Ratification Vishal Fabrics Ltd has announced the details for its 41st Annual General Meeting (AGM), which will be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting is scheduled for Tuesday, August 11, 2026, at 11:00 a.m. (IST).The AGM agenda includes several key resolutions concerning the company's financial status and board composition. Special business items include the reappointment of an Independent Director. Ordinary business encompasses the consideration and adoption of audited financial statements for the Financial Year ended March 31, 2026. The meeting will also involve the ratification of remuneration for...

LTM Shares Surge 4% on Massive Anthropic AI Partnership; Axis Reaffirms 'Buy' Rating LTM shares rose over 4%, trading at Rs 4,200 in afternoon trade, following the announcement of a major strategic partnership with Anthropic. The IT services company formalized this collaboration to accelerate enterprise-scale adoption of Anthropic’s Claude family of artificial intelligence models.The market reacted positively as investors digested the scope of the deal. LTM is set to combine its deep implementation expertise with state-of-the-art AI, aiming to help clients move from early pilots directly into production readiness. The initial focus areas for this partnership include the BFSI, Hi-Tech, Consumer, and Production Industry segments...

Amalgamated Electricity Company Increases Authorized Capital, Appoints Directors Amid Major Business Restructuring Amalgamated Electricity Company Ltd. announced several significant decisions following its Board meeting held on July 13, 2026. Key outcomes include a substantial increase in authorized share capital, approval of expanded business objectives, and the appointment of new directors.The Board of Directors approved the increase of the company's Authorized Share Capital. Previously set at 45,00,000 equity shares of Rs. 5 each, the authorized capital has been increased to Rs. 2000,00,00,000, which is convertible into 400,00,00,000 equity shares of Rs. 5 each. This amendment requires subsequent approval from shareholders and...

Bajaj Consumer Care Ltd Announces Quarter Results; Appoints Key Managerial Personnel Bajaj Consumer Care Limited released the unaudited financial results for the quarter ended June 30, 2026, across both standalone and consolidated entities. The company also appointed Mr. Jignesh Nagda as the Company Secretary and Compliance Officer, effective July 24, 2026.The Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, belonging to the financial year 2026-27. These results were reviewed by the Audit Committee and subsequently taken on record by the Board of Directors. The company also disclosed that its Statutory Auditors conducted a Limited Review of these results...

Premier Synthetics Confirms No Deviation in IPO Proceeds Use; Reports Capital Stability Over Three Years Premier Synthetics Ltd has confirmed that there has been no deviation or variation concerning the use of public issue proceeds raised from its Initial Public Offer (IPO). The company further detailed its capital structure and associated actions over the last three financial years.The firm stated that it has strictly adhered to the terms regarding the utilization of funds obtained during the IPO.In addition to confirming the integrity of the IPO proceed usage, Premier Synthetics reported a consistent approach regarding share capital over the preceding three financial years. The company confirmed various capital actions were not...

Fairchem Organics Ltd to Hold Board Meeting to Approve Q1 Financial ResultsFairchem Organics Limited has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026. The meeting is set to be held on Monday, July 27, 2026, utilizing Audio-Visual means.The primary agenda item for the Board is the consideration and approval of the Unaudited Financial Results, prepared under IND-AS, along with any other business that may be permitted by the Chair.In addition to the Board meeting announcement, the company has also specified a period during which the trading window for its securities will remain closed. The trading window will be closed for all Designated...

Aastha Spintex Secures ₹76.78 Crores in Orders Over Four Months, Driven by Capacity Expansion Aastha Spintex Ltd has reported its cumulative order book position covering the period from July 2026 to October 2026, showing strong demand for its core products. The company confirmed orders aggregating up to ₹76.78 Crores across various domestic and export markets during this four-month span.The details of the order book are provided below:MonthQuantity (KGS)Order Value (₹)Approx. Value (₹ Cr)Number of OrdersJuly 20268,36,416.0024,45,28,959.40~24.4518August 20267,20,959.5220,78,05,720.68~20.7815September 20267,77,040.5622,82,65,686.20~22.8315October 20263,11,442.008,71,57,395.60~8.727TOTAL~26,45,858~76,77,57,762~76.7855...

Ashok Leyland Wins Part of Arbitration Case Against DTC; Tribunal Awards ₹222.65 Crore Plus Interest Ashok Leyland Limited has received a significant development in its ongoing arbitration proceedings against Delhi Transport Corporation (DTC) from the Arbitral Tribunal, New Delhi. The Tribunal issued an award detailing the outcome of the dispute concerning contracts for bus supplies between 2009 and 2011.The dispute originated after Ashok Leyland Limited (AL) supplied buses to DTC under a tender invited by DTC. In response to these contracts, AL had initiated arbitration against DTC starting in 2013. The original claim filed by AL amounted to ₹445 Crore, while DTC put forward a counterclaim valued at ₹136 Crore.The Arbitral Tribunal...

Centre Scrutinizes Messaging App Usernames as Regulation Effort Ramps Up Impersonation Safeguards The Indian government is undertaking a critical review of user identity standards across major messaging platforms, aiming to establish a unified set of rules governing usernames. The Ministry of Electronics and Information Technology (MeitY) is currently reviewing the detailed responses provided by WhatsApp, Telegram, and Signal before finalizing a uniform regulatory approach for these cross-platform identities.Sources indicate that all three leading messaging services have submitted comprehensive explanations detailing their username functionalities. These submissions include specifics on how each platform operates its username features...

Ansal Properties Committee of Creditors Meeting addresses Homebuyer Options and Ratifies CIRP Expenses for Fernhill Project Ansal Properties and Infrastructure Limited (APIL) conducted its 54th meeting of the Committee of Creditors (CoC) regarding the ‘Fernhill Project’ in District Gurgaon, Haryana. The meeting, held on July 10, 2026, addressed key operational mandates from the National Company Law Tribunal (NCLT), reviewed the choices of homebuyers who had obtained decrees, and sought approval for various expenses incurred during the Corporate Insolvency Resolution Process (CIRP).The meeting confirmed that the quorum was achieved with participants representing allottees and unsecured financial creditors. The Committee noted the...

One Mobikwik Systems clarifies stock volume movement, attributes price fluctuations to market forces One Mobikwik Systems Ltd has stated that all necessary information regarding events and operations of the company, including price sensitive details, have been duly disclosed. The clarification addressed volume movements in the company's security across exchanges.The management confirmed that as of the date, there is no undisclosed information or announcement that could impact the price or volume behavior of the scrip.In its statement, the company emphasized that from the perspective of management and available information, it has no announcements to share with stock exchanges related to the current volume behaviour of its shares. As...

Indigenous Systems to Drive Massive Leap as India’s Defence Exports Target Rs 50,000 Crore by FY29 Kotak Institutional Equities has set a robust outlook for the Indian defence sector, projecting that indigenous military platforms and growing global demand could propel exports to nearly 50-fold in the coming years. The brokerage report forecasts that India’s defence exports are set to reach Rs 500 billion (Rs 50,000 crore) by FY2029. This target is a significant jump from an estimated Rs 38,400 crore (Rs 384 billion) for FY2026.The report credits this exponential growth to the rising global acceptance of Indian-made weapons systems. Key platforms driving this success include the Akash surface-to-air missile system, Pinaka multi-barrel...

Ashima Ltd Announces Board Meeting for Q1 Financial Results and Confirms Trading Window Status Ashima Ltd has scheduled a meeting of its Board of Directors to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2026. The board meeting is slated for Saturday, July 18, 2026.In addition to the financial review, the company provided an update regarding its trading window in line with its Code of Conduct for prevention of Insider Trading.The company confirmed that the "Trading Window" for dealing in Ashima Ltd securities, which had been closed since July 1, 2026, will remain closed until 48 hours following the declaration of the aforementioned financial results on July 18...