Markets

P S Raj Steels Limited Announces Equity Share Split: One Share to be Subdivided into Five Shares P S Raj Steels Limited, formerly known as P S Raj Steels Private Limited, has announced a significant restructuring of its equity shares through a planned sub-division. The company confirmed that one existing equity share with a face value of Rs 10 per share will be divided into five new equity shares, each having a face value of Rs 2.The corporate action was approved by shareholders during an Extraordinary General Meeting held on Tuesday, July 7, 2026. This sub-division means that the shares will rank pari passu in all respects following the change.P S Raj Steels Limited has set Friday, July 24, 2026, as the Record Date for determining...

Acquirers Launch Open Offer for Lippi Systems Ltd., Aiming for Near-Total Control A group of investors and family members has launched a mandatory open offer to acquire public shares in Lippi Systems Limited, with the ultimate objective of taking substantial management control over the company. The open offer targets up to 33,82,231 equity shares, representing 25.05% of the Expanded Share Capital of Lippi Systems Limited (the "Target Company").The Acquirers—Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamshi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu—are offering to acquire these shares for cash at an Offer Price of ₹ 56.84 per equity share. If the offer receives full acceptance, the total consideration required would...

Gowra Leasing Posts Q1 Results; Total Revenue Reaches 459.14 Lakhs in Interim Period Ending June 30, 2026 Gowra Leasing & Finance Limited reported its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors considered and approved these results during a meeting held on July 11, 2026.The interim results showed significant operational activity, with Total Revenue (comprising revenue from operations and other income) standing at 459.14 Lakhs for the quarter ending June 30, 2026.Key financial highlights include:Total Revenue: 459.14 Lakhs Total Expenses: 74.70 Lakhs Profit before Tax (PBT): 384.44 Lakhs Total Comprehensive Income: 288.32 LakhsThe financial data for the quarter ended June...

Fabtech Cleanrooms Reports Strong Order Book Amid Diversification into Pharma and Renewable Energy Fabtech Cleanrooms Ltd has reported significant business updates for the month ended June 30, 2026, showcasing solid order bookings and a growing consolidated order book across multiple high-growth sectors.The company secured consolidated orders totaling ₹33.79 crore during June 2026. The Pharma sector contributed the largest share of these new orders at ₹20.36 crore. Other key contributors included the Others segment, accounting for ₹8.98 crore, and Renewable Energy, which generated ₹4.45 crore.From a functional vertical perspective, HVAC Systems accounted for ₹17.81 crore of the secured orders, while Cleanroom Partitions contributed...

SIS LIMITED Acquires Additional Shares in Updater Services Limited, Reaching 5.68% Stake SIS LIMITED has increased its stake in Updater Services Limited (UDS) following the acquisition of an additional shares, bringing its total holding in the company to 5.68%.The acquisition involved purchasing 3,37,957 equity shares of UDS. The transaction, completed on July 10, 2026, was conducted through cash consideration and incurred a cost of INR 6.67 crore. This purchase solidifies the company's interest in the Integrated Facilities Management (IFM) and Business Support Services (BSS) sector.The aggregate shareholding of SIS LIMITED in UDS now stands at 38,01,430 equity shares, representing a 5.68% stake in the paid-up equity share capital...

RRIL Ltd Plans Acquisition of Up To 29,87,500 Equity Shares in Sumati Spintex Private Limited RRIL Ltd has approved a strategic acquisition of equity shares in Sumati Spintex Private Limited (SSPL). The company is set to additionally acquire up to 29,87,500 Equity Shares of SSPL from existing shareholders for an amount aggregating up to Rs. 3,11,00,000/- (Rupees Three Crore Eleven Lakhs only).With this acquisition, RRIL Ltd’s total shareholding in Sumati Spintex Private Limited will reach 75%. The purchase involves cash consideration and is intended to further strengthen control for better integration of business activities.The transaction represents up to 25% of the paid-up capital of Sumati Spintex Private Limited (SSPL). RRIL Ltd...

Adisoft Technologies Q1 FY27 Revenue Surges 78% to ₹ 30.61 Crore; Order Pipeline Reaches ₹ 56.23 Crore Pune, July 11, 2026 – Adisoft Technologies Limited demonstrated significant growth and market strengthening during the first quarter of fiscal year 2027 (Q1 FY27). The company reported a substantial rise in revenue, driven by increasing adoption of smart manufacturing processes across various industries.Adisoft’s financial performance for Q1 FY27 showcased robust expansion compared to the previous year. Revenue stood at ₹ 30.61 crore, marking a 78% year-over-year growth when measured against Q1 FY26 revenue of ₹ 17.20 crore.The company also reported strong visibility regarding future business, with an active order pipeline totaling...

Amber Enterprises’ Subsidiary IL JIN Completes Major Corporate Restructuring, Announces Share Capital Split and Bonus Issue Amber Enterprises India Limited has seen its material subsidiary, IL JIN Electronics (India) Private Limited (IL JIN), undergo extensive corporate restructuring following a Board meeting held on July 11, 2026. The key decisions include the conversion of the company from private to public limited status, a share capital sub-division, and the issuance of bonus shares to its members.The Board of Directors of IL JIN approved several material changes aimed at scaling the business and enhancing its market presence. These alterations included shifting the registered office of IL JIN from Maharashtra (Pune) to Uttar...

Choice International Limited, Subsidiary Secures Role as Sponsor and Investment Manager for Wealthwave Capital Trust Choice International Limited and its subsidiary, Choice AMC Private Limited, have secured key mandates related to the Wealthwave Capital Trust, a SEBI registered Category II Alternate Investment Fund (AIF). The approvals concern both sponsoring the fund and managing its investments.The company and its wholly owned subsidiary, Choice AMC Private Limited (CAPL), received the necessary approval from the Securities and Exchange Board of India (SEBI) related to two primary functions concerning the Wealthwave Capital Trust. First, Choice International Limited has been approved to act as the sponsor for the AIF. Second, CAPL...

Indo Amines Limited appoints Mr. Rahul Chitnis as Additional (Independent) Director Indo Amines Limited has appointed Mr. Rahul Chitnis as an Additional (Independent) Director, following a resolution passed by its Board of Directors. This appointment was made based on the recommendation of the Nomination and Remuneration Committee and is effective from July 15, 2026.The company's Board considered and approved the appointment of Mr. Rahul Chitnis to serve as an Additional (Independent) Director for a period of one year. The appointment remains subject to the subsequent approval of the shareholders of Indo Amines Limited.Details concerning Mr. Chitnis and the terms of his appointment have been provided by the company, noting that he...

Prime Focus Limited's CIRP Closed as NCLAT Allows Appeal and Discharges IRP Prime Focus Limited announced a significant development regarding its insolvency status, following a ruling by the National Company Law Appellate Tribunal (NCLAT). Based on oral proceedings held on July 9 and July 10, 2026, the NCLAT has allowed the company's appeal, resulting in the closure of the Corporate Insolvency Resolution Process (CIRP) against Prime Focus Limited.The decision made by the Hon'ble NCLAT set aside an admission order that had been passed by the National Company Law Tribunal (NCLT), Mumbai Bench on May 6, 2026. The tribunal proceedings led to the closure of the CIRP and the discharge of the Interim Resolution Professional (IRP).The...

P S Raj Steels Limited Appoints New Company Secretary as Old Officer Resigns P S Raj Steels Limited has announced a change in its designation of the Company Secretary and Compliance Officer following the approval by its Board of Directors. The company accepted the resignation of Ms. Suman and appointed Mr. Manish Kumar to fill the crucial roles, effective mid-July 2026.The Board Meeting held on July 11, 2026, reviewed and approved the changes in personnel.Resignation of Company Secretary Ms. Suman tendered her resignation from the role of Company Secretary and Compliance Officer of P S Raj Steels Limited. The company confirmed the acceptance of her resignation, which is effective from July 15, 2026.The resignation was submitted...

Hariom Group Subsidiary Successfully Commences Power Generation at 5 MW Solar PV ProjectM/s. Hariom Power and Energy Private Limited, a subsidiary of Hariom Pipe Industries Limited, has successfully completed the installation of its solar power project. The facility is located in Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, and is designed to generate 5 MW AC (6 MW DC) of power.The company has commenced power generation operations and is actively exporting electricity generated by the Solar PV Project to the Maharashtra State Electricity Distribution Company Limited (MSEDCL) grid. This milestone signifies a significant development toward the Group's commitment to sustainable growth and renewable energy adoption.Regarding...

NTPC Limited Board Approves Investment for Lara Super Thermal Power Project, Stage-III Expansion NTPC Limited announced that its Board of Directors has approved the investment proposal for the expansion of its energy capacity at the Lara Super Thermal Power Project. The decision was made during a board meeting held on July 11, 2026.The approval concerns the investment proposal for the Lara Super Thermal Power Project, Stage-III, which involves adding 2x800 MW of capacity.According to the company statement, the estimated cost associated with this project is Rs. 20,456.70 Crore. The Board meeting, which commenced at 3:20 P.M., concluded its proceedings by 5:00 P.M.Key details of the investment approval are presented below...

IG Petrochemicals Limited schedules 37th AGM, makes FY2025-26 Annual Report available online IG Petrochemicals Limited has announced the details for its upcoming 37th Annual General Meeting (AGM), stating that the Notice of the meeting and the Annual Report for the financial year 2025-26 are accessible via the company's website.The company informed shareholders about the 37th AGM, which is scheduled to take place on Thursday, August 6, 2026, at 3:00 P.M. (IST). The meeting will be conducted through Video Conference or other Audio-Visual Means.The Notice of the 37th AGM, along with the Annual Report for FY 2025-26, was sent electronically to members whose email addresses are registered with the company or Depository Participants. For...

Jindal Steel Limited Announces CEO Resignation: Gautam Malhotra To Step Down by July 15, 2026 Jindal Steel Limited has announced that Mr. Gautam Malhotra, the company’s Chief Executive Officer, will no longer be serving with the organization. The change is due to his resignation and will take effect from the close of business hours on July 15, 2026.Mr. Malhotra submitted his resignation citing personal commitments. He expressed gratitude for the opportunity and trust placed in him during his tenure at Jindal Steel Limited. As part of the transition process, he committed to ensuring a smooth and orderly handover of all his responsibilities to facilitate the company's continued operations.The details regarding this executive change...

Parth Electricals Approves Preferential Allotment of Warrants and Equity Shares Parth Electricals & Engineering Limited, during a Board meeting held on July 11, 2026, approved the preferential allotment of securities following member approval and in-principle consent from the National Stock Exchange of India. The company allotted fully convertible equity warrants and equity shares to selected investors at determined issue prices.The board decision covered two primary allotments under a preferential basis:For the promoter category, 1,00,000 fully convertible equity warrants were allotted to Jigneshkumar Gordhanbhai Patel. Each warrant carries an exercise price of ₹344 (Rupees Three Hundred and fortyfour only), which includes a...

Trom Industries Secures 42 MW Rooftop Solar Orders from South Bihar Power Distribution Company Trom Industries Limited, a solar EPC and clean energy solutions provider, has secured three major purchase orders totaling 42 MW from the South Bihar Power Distribution Company Limited (SBPDCL). These projects involve implementing Grid-Connected Rooftop Solar Projects under the CAPEX plus RESCO Mode Utility-Led Aggregation (ULA) Model of the PM Surya Ghar -Muft Bijli Yojana (PMSGMBY).The orders are strategically distributed across three circles in South Bihar: Aurangabad, Bhagalpur, and Biharsharif. These projects collectively account for 38,561 consumer installations, with each unit possessing a capacity of 1.1 KW. The entire order...

Board Meeting Scheduled for East India Drums and Barrels to Discuss Financial Results East India Drums and Barrels Manufacturing Ltd, formerly known as Precision Containeurs Limited, has scheduled a meeting of its Board of Directors. The company is set to convene the board members to address several key corporate matters.The Board Meeting is slated to take place on Saturday, July 18, 2026.Among the primary agenda items for the meeting is the consideration and subsequent approval of the Audited Financial Results of the Company. These results cover both the quarter and the full year ending March 31, 2026. The board members will also address any other matters brought forward with the permission of the chair.Stock Price Movement East...

Smartworks Coworking Spaces to Approve Q1 Financial Results at Board Meeting Smartworks Coworking Spaces Ltd has scheduled a crucial Board meeting to review its financial performance for the first quarter of the fiscal year 2026. The company also announced an investor and analyst meet to discuss the results.The Board of Directors is set to convene on Wednesday, July 22, 2026. The primary agenda item for the meeting is the consideration and approval of the Un-Audited Financial Results (Standalone and Consolidated) pertaining to the quarter ended June 30, 2026. These results will be presented alongside their corresponding Limited Review Reports.Following the Board meeting, the company has organized an Investor/Analyst meet for July...