Markets

Rama Paper Mills Ltd Announces Board Meeting to Discuss Financial Results Rama Paper Mills Ltd has scheduled a meeting of its Board of Directors to review and approve the Audited Financial Results for the quarter and year ended on March 31, 2026.The Board meeting is set for Saturday, July 18, 2026, at 5:00 P.M. The meeting will be held at the Company's works, located at its Corporate Office in Delhi.The primary agenda item for the board includes considering and approving the Audited Financial Results pertaining to the quarter and financial year concluded on March 31, 2026. The directors are also expected to address any other matters permitted by the Chair.In adherence to the Company's Code of Conduct regarding Insider Trading...

Cummins India Announces Annual General Meeting and Final Dividend for FY 2025-26 Cummins India Limited has announced the dates for its 65th Annual General Meeting (AGM) and declared a final dividend for the financial year 2025-26. The company also made the Annual Report available to shareholders.The AGM is scheduled to be held on August 06, 2026, at 11:30 A.M. (IST). Members are invited to attend through Video Conferencing (VC) or Other Audio Visual Means (OAVM).For shareholders who did not have their email addresses registered with the company, the Annual Report for FY 2025-26 is available via a provided link on the company website. The notice of the AGM and the Annual Report are also accessible on various stock exchange platforms...

Amba Auto Sales Secures Lease Agreements for Expansion of Chetak, KTM, and 3-Wheeler Showrooms Amba Auto Sales and Services Limited has secured lease agreements to establish new commercial premises for the sale of its various product lines, including Chetak vehicles, KTM motorcycles, and 3-wheeler vehicles. These arrangements support the company's expansion plans within the market.The leases were executed on July 10, 2026, at a property located at Survey No. 121/1A and 124/1A in Dommasandra-Ramsagar Road, near Chandapura Circle, Bengaluru. The operational details for each product line are outlined below:Lease Agreements Details Chetak Vehicles The lease agreement for the sale of Chetak vehicles stipulated a term of 10 years. The...

Somany Ceramics' Mergers Completed as Equity Shareholders Approve Amalgamation Scheme Somany Ceramics Limited has received the reports detailing the successful completion of both its Equity Shareholders and Unsecured Creditors meetings, affirming the amalgamation scheme involving several entities. The decisions were made following meetings convened on June 13, 2026, concerning the proposed merger into Somany Ceramics Limited.The approval processes cover the consolidation of three entities: Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited, with the transfeeree company being Somany Ceramics Limited.Equity Shareholders Meeting Results The meeting of Equity Shareholders was held on June 13...

Ontic Finserve Limited to Hold Board Meeting to Approve Q1 Results and Consider Share Capital Reduction Ontic Finserve Limited has scheduled a Board of Directors meeting for Thursday, July 16, 2026, at its Registered Office. The meeting agenda includes critical corporate matters, including the review and approval of the company's financial performance and the consideration of a major capital structure proposal.Key items slated for discussion include taking on record the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026, alongside a Limited Review Report. Furthermore, the Board is set to consider and approve the proposal regarding the Reduction of Share Capital, a move that is subject to various statutory...

UK Subsidiary Fined PLN 54,000 Over Alleged Intrastat Declaration Delay Zydus Wellness Limited confirmed that its wholly owned subsidiary, Comfort Click Limited (CCL), faced a penalty imposed by Polish tax authorities regarding delayed filings. The fine relates to the non-submission of Intrastat declarations for stock arrivals and dispatches spanning January 2023 to September 2023.The Director of the Tax Administration Chamber in Szczecin imposed the financial penalty on CCL. This action was received by the company on July 10, 2026. The penalty amount is PLN 54,000, which was stated as being approximately ₹ 1.35 million based on an exchange rate published by Bloomberg on that date.The details of the transaction and its implications...

Sandu Pharmaceuticals Completes Leadership Transitions; Names New Managing Director and Board Appointments Sandu Pharmaceuticals Ltd has undergone significant changes in its senior management and board composition following a recent board meeting held on July 11, 2026. The company took several actions relating to the loss of a director, appointments, and structural revisions across key committees.The Board of Directors formally noted the demise of Shri Umesh B. Sandu (DIN: 01132141), who served as Managing Director, having passed away on June 19, 2026. The board expressed sincere appreciation for his contribution and leadership during his tenure.Key Appointments and Redesignations The Board approved the appointment of Dr. Neeti...

Ontic Finserve Ltd Board Meeting Scheduled to Approve Q1 Results and Review Share Capital Reduction Proposal Ontic Finserve Ltd has announced that a meeting of its Board of Directors will be held on Thursday, July 16, 2026. The agenda for the meeting includes crucial corporate actions, including the consideration and approval of the company's un-audited standalone financial results for the quarter ending June 30, 2026.The proposed business items scheduled for deliberation by the Board include:Reviewing and approving the Un-Audited Standalone Financial Results and the Limited Review Report for the quarter ended on June 30, 2026. Considering and approving a proposal for the Reduction of Share Capital of the Company. The approval of...

Unitech International Ltd Committee of Creditors Meeting Details Reveal Decisions on Insolvency Resolution Process The Committee of Creditors (CoC) of Unitech International Limited held its 10th meeting via Video Conferencing on Friday, May 22, 2026, to consider and deliberate upon various resolutions related to the ongoing Corporate Insolvency Resolution Process. The outcomes of the voting sessions covered key operational decisions concerning due diligence appointments, auditor changes, and expenses ratification.The meeting addressed several agenda items pertaining to the future management and financial structure of the company. Resolutions concerning the appointment of specific professional firms for due diligence under section 29A...

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...