Markets

Greaves Cotton Achieves 100% Ownership of Excel Controlinkage Following Completion of Final Acquisition Tranche Greaves Cotton Limited has completed the acquisition of the remaining shares in Excel Controlinkage Private Limited, solidifying its full ownership of the subsidiary. The company acquired the final 20% stake through a secondary route on August 13, 2026, making Excel a wholly-owned entity effective from that date.This transaction concluded the multi-tranche acquisition process, which commenced following an initial binding term sheet executed on February 9, 2023. The complete integration of Excel Controlinkage Private Limited (Excel) into Greaves Cotton's portfolio aligns with the company’s strategy to diversify into new...

Gaja Capital IPO Tests Market Credibility: Private Equity Model Goes Public Amid Alternative Asset Surge Gaja Capital, a firm that has operated largely behind the scenes of India’s capital markets, is taking its business model to the stock exchange. This move introduces investors to one of the first listed Indian alternative asset managers.For Gopal Jain, CEO and Managing Director at Gaja Alternative Asset Management, this launch validates the belief that alternatives are a rapidly expanding segment of financial services. The public market must be able to apply familiar fundamentals to value the business.Exponential Growth in the Alternatives Sector The growth trajectory for alternatives is significant. Data from CRISIL indicates...

Paramount Communications Limited Announces Q1 Results, Appoints Senior Management Personnel Paramount Communications Limited released its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also announced the appointment of Mr. Harish Bhardwaj as a Senior Management Personnel (SMP) following the Board meeting held on August 14, 2026.The company also fixed the date for its Annual General Meeting (AGM) to Saturday, September 26, 2026, at 12:30 p.m., which will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).Financial Performance Highlights The unaudited results for the first quarter of FY2026 show performance across both standalone and...

Ashok Leyland Approves Strategic Investments in Optare and Hinduja Housing Finance Limited Ashok Leyland Limited announced the approval of two significant investments following its Board meeting, involving its subsidiary Optare Plc. and a step-down entity, Hinduja Housing Finance Limited (HHFL). These investments are part of the company’s strategy to strengthen its business interests in vehicle manufacturing and finance sectors.The Board approved an investment up to a sum not exceeding GBP 25 million (approximately ₹325 Crores) into Optare Plc. UK, which is described as a subsidiary of the company. This acquisition was aimed towards repayment of loan or other business requirements for the target entity. The current shareholding of...

Zaggle Awards 250,000 Stock Options Under ESOP 2022 Zaggle Prepaid Ocean Services Limited announced the grant of stock options to eligible employees under the Zaggle Employee Stock Option Scheme 2022 (Zaggle ESOP 2022). The decision was made by the company's Nomination and Remuneration Committee / Compensation Committee on August 14, 2026.The committee approved the issuance of 2,50,000 Stock Options to eligible employees. The Zaggle ESOP 2022 aligns with the terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.Each stock option is convertible into one fully paid up equity share, each having a face value of ₹ 1/-. The exercise price for these options is set at ₹ 151/-...

Likhitha Infrastructure Limited Announces Q1 Unaudited Financial Results and Appoints New Company Secretary Likhitha Infrastructure Limited, following a Board meeting held on August 14, 2026, has released the unaudited financial results for its first quarter ended June 30, 2026. The company also announced the appointment of Ms. Vaishali Tiwari as the new Company Secretary and Compliance Officer.The Board reviewed the financial performance across both standalone and consolidated entities. The company's management is responsible for these statements, which were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting standards) Rules, 2015, as amended by the Company.Financial...

Akash Infra Projects Announces Consolidated Financial Results for Quarter Ended June 30, 2026 Akash Infra Projects Limited has released its un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results provide insight into the company's financial performance across multiple periods, offering a view of operating income, expenses, and profit/loss.The consolidated financial statements reflect the performance of the company along with its subsidiaries and associates. Management has noted that the Group operates in sectors including construction and fuel and grocery segments.Consolidated Financial Performance Overview (in Lakhs) The following table summarizes the key financial outcomes for...

Donear Industries Reports Quarterly Results and Recommends Dividend Donear Industries Limited has released its unaudited financial results for the quarter ending June 30, 2026. The company reported key figures across income statement components, while confirming the dividend recommended by the Board of Directors at a previous meeting.The results reflect the performance against various operational and cost metrics during the quarter. Total Income stood at 21,445.05 lakh in the standalone segment.Key financial metrics for the quarter include:Revenue from Operations: 21,211.24 lakh Total Expenses: 19,875.69 lakh Profit before Exceptional Items: 1,569.37 lakh Profit after Tax: 1,128.92 lakh Total Comprehensive Income: 1,308.70 lakh...

Investor Demand Solidifies Market Stability as RBI Completes Government Securities Auction The Reserve Bank of India (RBI) successfully concluded the auction for various Government Securities (GS), generating significant interest across multiple maturity periods. The results reflect a robust appetite from institutional participants, especially in the short- and medium-term securities.These auctions are crucial indicators of investor sentiment towards government debt instruments. The acceptance rates across different bond issues reveal varying levels of demand and pricing effectiveness for each security tranche offered.Demand Surges for Short-Term Government Securities (GS 2029) The New GS 2029 demonstrated flawless market reception...

Kanani Industries Ltd. Closes Share Transfer Books Ahead of Annual General MeetingKanani Industries Limited has announced the closure of its Registrar of Members and Share Transfer Books in preparation for the company's 43R4 Annual General Meeting. The book closure is scheduled to run from Monday, September 21, 2026, through Monday, September 28, 2026, inclusive.The company’s Annual General Meeting (AGM) is set to be held on Monday, September 28, 2026, at 11:00 AM IST. Shareholders will participate in the meeting through e-voting services provided by MUFG Intime India Private Limited via Instameet.This mandatory closure period requires the temporary halt of share transfers as the company proceeds with its annual general assembly...

CP Capital Limited Approves Q1 FY27 Results; Recommends Management Appointment and Confirms Loan Write-off CP Capital Limited (formerly Career Point Limited) approved its Unaudited Financial Results for the quarter ended June 30, 2026. The results showed strong growth across revenue and profitability compared to the previous quarters. During the Board meeting held on August 14, 2026, the company also addressed corporate governance matters, including the notice of its Annual General Meeting (AGM), the offering of e-voting facility, and the technical write-off of an outstanding loan.Financial Performance Highlights CP Capital Limited posted strong growth in Q1 FY27 compared to Q4 FY26. The company also showed significant improvement in...

Propshop Events Approves Incorporation of Wholly Owned Subsidiaries in Four International Markets Propshop Events and Exhibitions Limited has approved the incorporation of wholly owned subsidiaries across several international markets, signaling a major expansion of its global operations. The Board of Directors, during a meeting held on August 14, 2026, sanctioned the establishment of these new entities in Florida (United States of America), Germany, Poland, and Dubai.The new subsidiary companies will be focused on providing specialized services within the Trade Show, Exhibition and Event Management sector. The operational scope for these entities includes offering custom-built and modular exhibition solutions. Their comprehensive...

AVT Natural Products Announces Q2026 Unaudited Financial Results; Revenue and Profit Details Released AVT Natural Products Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved these results in a meeting held on August 14, 2026. The company also released the consolidated unaudited financial results for the same period.The Unaudited Financial Results show key performance metrics across two quarters (ending June 30, 2026, and March 31, 2026), alongside data from previous years. The financial statements were reviewed by M/s Suri & Co., Chartered Accountants.Standalone Financial Highlights (Q ended 30.06.2026) The company's standalone results reflect a...

Borosil Renewables Forfeits 1,12,578 Warrants Due to Nonpayment; Restructures Use of Proceeds BOROSIL RENEWABLES LIMITED has announced the forfeiture of 1,12,578 warrants convertible into equity shares following nonreceipt of the balance amount payable towards their conversion. The company confirmed that the upfront warrant subscription money, amounting to ₹ 149,16,585, was forfeited in accordance with the terms of issue for these warrants.The Board of Directors approved the cancellation of the warrants, which had been allotted on a preferential basis on February 14, 2025, as the stipulated period for balance payment elapsed without successful conversion. With this forfeiture, the specified warrants are now cancelled and ineligible...

Excel Industries Limited Sets Record Date for 2025-26 DividendExcel Industries Limited has announced the record date pertaining to the Final Dividend on its Equity Share Capital for the Financial Year 2025-26.The company set Thursday, September 17, 2026 as the record date. This date is intended to determine the shareholders who will be entitled to receive the Final Dividend should it be declared by the members at the upcoming 65th Annual General Meeting.EXCELINDUS Stock Price Movement As of 1:50 PM, shares of Excel Industries Limited are slipping in live trading, shedding 4.89% to trade at ₹988.50 per share. The stock has seen heavy activity, with a total traded volume reaching 21,464 shares during the session.

Ashok Leyland Appoints Deloitte Haskins & Sells as New Statutory Auditors Ashok Leyland Limited has approved the appointment of M/s Deloitte Haskins & Sells Chartered Accountant LLP to serve as the Statutory Auditor, replacing its existing firm, Price Waterhouse & Co. Chartered Accountants LLP. The appointment follows a Board meeting decision and is subject to shareholder approval at the company's 78th Annual General Meeting (AGM).The change in auditors marks the end of a decade-long tenure for the current statutory auditors. Price Waterhouse & Co. Chartered Accountants LLP will complete its tenureship as Statutory Auditor upon the conclusion of the 78th AGM, scheduled to be held in 2027.In anticipation of this transition, Ashok...

Paisalo Digital Signs Memorandum of Understanding with Chakrawiu for AI and Technology Services Paisalo Digital Limited has entered into a Memorandum of Understanding (MOU) with Chakrawiu Gannlalen Company Limited, focused on providing advanced technology services and AI support to Chakrawiu in connection with its digital services business.The partnership agreement outlines a comprehensive scope of work where Paisalo will lend its technological expertise to Chakrawiu. These services include software and digital platform development, data processing, technology consulting, system integration, process automation, technology infrastructure management, technical support, training, and related technology solutions. A key component of the...

Westlife Foodworld Limited Announces Resignation of Non-Executive Independent Director Ms. Amisha Jain Westlife Foodworld Ltd has confirmed that Ms. Amisha Jain has resigned from her position as a Non-Executive Independent Director of the company, effective August 13, 2026.The resignation was tendered following a long and fruitful association with Westlife Foodworld Limited, noting Ms. Jain’s tenure spanned into her second five-year term as an Independent Director.In a statement regarding the transition, Ms. Jain attributed her departure to the demanding nature of her responsibilities in her current capacity as MD & CEO. She stated that due to the heavy work commitments in her role, she would not be able to devote the deserved time...

Baazar Style Retail Limited Approves Q3 Financial Results and Management Changes Baazar Style Retail Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and approved these results, which detail the company's operational performance alongside a key change in senior management personnel.The board meeting held on August 13, 2026, confirmed both the financial outcomes and an important structural realignment within the firm’s leadership.Personnel Restructuring The Board of Directors approved the re-designation of Mr. Siddhant Khemani, who previously served as Chief Marketing Officer. Effective immediately, Mr. Khemani has been re-designated...

NCLT Approves Share Capital Reduction of Motherson Technology Services Limited Samvardhana Motherson International Limited has learned that the National Company Law Tribunal (NCLT) has approved the reduction of share capital for Motherson Technology Services Limited (MTSL).The approval comes after the matter was listed before the Hon'ble NCLT on August 13, 2026. The NCLT granted approval for the proposed reduction of share capital of MTSL.This corporate action pertains to the process undertaken by MTSL for reduction of share capital under Section 66 and other applicable provisions of the Companies Act, 2013.Upon the reduction of capital becoming effective, MTSL along with its subsidiaries will transition into wholly-owned...