Markets

NCLT Confirms Share Capital Reduction for Tridev Infraestates as part of Restructuring The National Company Law Tribunal (NCLT) has confirmed the reduction of share capital for Tridev Infraestates Limited, which operates under the name change from Ashutosh Paper Mills Limited. The decision addresses a corporate restructuring that involves significant changes to the company's equity structure, driven by accumulated losses.Following the order dated June 30, 2026, the company’s issued and paid-up share capital is being reduced by 50% on a proportionate basis. This measure is effective following the completion of the Scheme for Reduction of Capital.The scheme mandates that the paid-up value of each equity share be reduced from Rs. 10...

Classic Leasing & Finance Posts Quarterly Results; Board Approves Q3 Financials and Plans EGM Classic Leasing & Finance Ltd has announced the approval of its audited financial results for the quarter and year ended March 31, 2026. The company also decided to convene an Extra-Ordinary General Meeting (EGM) to address related matters.The Board of Directors approved the financial outcomes following a meeting held on May 27, 2026. In addition to approving the quarterly results, the Board decided to hold an EGM on Saturday, June 27, 2026, at the company's Registered Office.Financial Performance Overview (Quarter Ended March 31, 2026) The standalone statement of profit and loss for the quarter ended March 31, 2026, showed strong...

AU Small Finance Bank Reports Strong Performance Metrics for Quarter Ended June 30, 2026AU Small Finance Bank Ltd has released provisional performance metrics reflecting its operational scale and growth trends as of June 30, 2026. The data provides insights into deposits, advances, and portfolio composition across the reported periods.The figures, which are subject to review by internal committees and statutory auditors, indicate significant year-on-year growth in deposit mobilization and advance book expansion.Key financial indicators for the quarter ended June 30, 2026, compared against prior periods, are detailed below:Particulars (in ₹ crore)June 30, 2026June 30, 2025YoY Change (vs Jun '25)March 31, 2026QoQ Change (vs Mar...

Belrise Industries Limited Receives 'No Adverse Observations' from Stock Exchanges for Proposed Amalgamation Scheme Belrise Industries Limited has received observation letters from both National Stock Exchange of India and BSE, confirming 'no adverse observations' concerning its proposed Scheme of Amalgamation. The company plans to comply with all conditions stipulated in these observations and proceed with filing the scheme before the National Company Law Tribunal (NCLT).The approval from the exchanges on July 3, 2026, signals a critical step for the amalgamation process involving Badve Autocomps Private Limited, Eximius Infra Tech Solutions Private Limited, and Belrise Industries Limited. This transaction is being pursued under...

PAC of RR MetalMakers India Ltd Disposes Shares, Reducing Holding to 0.13% Shantaben Sureshbhai Patel sold a portion of shares held against RR MetalMakers India Ltd (531667), reducing their stake following the transaction completed on July 2, 2026, and intimated on July 3, 2026. The share movement concerns holdings in the target company listed on BSE LIMITED.The acquisition or disposal details pertain to shares held by Shantaben Sureshbhai Patel acting as a Person Acting in Concert (PAC) with the seller. The individual holding the shares declared no association with the Promoter group of RR MetalMakers India Ltd.Prior to the sale, Shantaben Sureshbhai Patel held 50,000 shares carrying voting rights against RR MetalMakers India Ltd...

Shantaben Sureshbhai Patel Sells Shares in RR MetalMakers India Ltd, Reducing StakeRR MetalMakers India Ltd announced that Shantaben Sureshbhai Patel has sold a portion of their shares, resulting in a reduced holding. The transaction saw the sale of 37,545 shares by Mr. Patel and his associated persons acting in concert (PAC) in the company.Before the acquisition or disposal, Shantaben Sureshbhai Patel held 50,000 shares in RR MetalMakers India Ltd. This holding represented 0.55% of the total share or voting capital of the company.The sale transaction took place on July 2, 2026, and was conducted through open market sales. The transaction reduced Mr. Patel's stake significantly.Post-sale, Shantaben Sureshbhai Patel holds 12,455...

ICICI Lombard Allots 57,538 Equity Shares Across Two Employee Schemes ICICI Lombard General Insurance Company Ltd has announced the allotment of a total of 57,538 equity shares, each having a face value of ₹10. The allocation covers two specific employee stock schemes under the company’s umbrella.The newly allotted shares are intended for various incentive programs within the company structure. A breakdown of the allotment across the designated schemes is as follows:Scheme NameNumber of Shares AllottedICICI Lombard Employees Stock Option Scheme - 200555,684ICICI Lombard - Employees Stock Unit Scheme - 20231,854The allotment confirmed that the newly issued equity shares will rank pari-passu with all existing equity shares...

ICICI Prudential Mutual Fund Sells Shares of Entertainment Network (India) Ltd, Reducing Holding ICICI Prudential Mutual Fund has completed a net sale of equity shares in Entertainment Network (India) Limited, resulting in a decrease in the Fund's stake following the transaction on July 02, 2026. The sale pertains to various schemes and investment strategies managed by the Fund.The Fund carried out the net sale of 1,119,753 shares of Entertainment Network (India) Ltd. This transaction marked a reduction in the holding size compared to the previous disclosure made on October 16, 2019.The sale details reflect that the securities were disposed of through the Open Market. The period for this net disposal spanned from October 16, 2019...

Desi Farms India Reports Financial Results for Q4 FY26; Net Loss Continues Despite Operational Restructuring Desi Farms India Ltd., formerly known as SER Industries Limited, has released its audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors approved the results along with the Auditor's Report, issued by M/s. A N K H & Associates, which provided an unmodified opinion on the financial statements.The results reflect significant organizational changes within the company during the reporting period.Quarterly and Annual Financial Performance The company reported its performance across the quarter and the full fiscal year ending March 31, 2026. Key metrics include:Revenue: Total...

Continental Securities Ltd's Board Meeting Set to Approve Allotment of 5 Lakh Equity Shares Continental Securities Ltd has scheduled a Board of Directors meeting on Wednesday, July 08, 2026, at 10:30 A.M., to consider and approve the allotment of equity shares through a preferential basis transaction. The meeting is intended to review several key items concerning the company's capitalization structure.The primary business item slated for approval includes the allotment of 5,00,000 Equity Shares. This allotment involves the conversion of 5,00,000 Warrants out of a total pool of 13,00,000 Warrants into equity shares. The shares are designated with a face value of ₹2/- per share and are offered at a premium of ₹19/- per share.The...

Sulabh Engineers & Services Ltd has scheduled a meeting of its Board of Directors for Tuesday, July 14, 2026. The meeting is slated to be held at the company’s corporate office in Kanpur at 03:00 P.M. (IST).The primary agenda item for the board includes considering and approving the Un-audited financial results of the Company, which cover both Standalone and Consolidated figures for the quarter ended June 30, 2026. The Board will also review the Secretarial Audit Report to be issued by M/S Gopesh Sahu, Company Secretaries, pertaining to the financial year 2025-26. Other business items are also slated for discussion during the meeting.The company provided an update regarding the trading window for its securities. As communicated...

Micron Breaches Ground on $9 Billion Japan Plant, Targeting AI Memory Chip Dominance Micron Technology Inc. has initiated a massive expansion of its factory in Hiroshima, Japan, committing to a ¥1.5 trillion ($9.3 billion) undertaking focused on producing advanced memory chips. This strategic move is a critical component of Micron's global ramp-up intended to meet the surging demand driven by Artificial Intelligence (AI) processors.The company is building the new facility in Hiroshima specifically to manufacture high-bandwidth memory (HBM). These advanced chips are crucial components for major AI processors, including those from Nvidia Corp. Shipments from this dedicated facility are projected to commence around the summer of 2028...

Anantam Highways Trust Seeks Unitholder Approval for Major Highway Asset Acquisitions and Preferential Unit Issuance Anantam Highways Trust has initiated a postal ballot process seeking unitholder approval for three key transactions: two distinct acquisitions of infrastructure assets through Right of First Offer (ROFO) agreements, and the preferential issuance of up to 16,48,03,867 units. These proposed actions are central to the Trust’s growth strategy and involve major related-party considerations.The postal ballot notice was dispatched on July 03, 2026, with eligibility for voting set as of June 26, 2026. The remote e-voting period is scheduled to commence on Saturday, July 04, 2026 (09:00 A.M. IST) and conclude on Saturday, July...

Desi Farms India Ltd Releases Audited Financial Results for FY2026; Audit Notes Highlight Management and Staff Transition Desi Farms India Ltd (formerly SER Industries Limited) has announced the audited financial results for the quarter and year ended March 31, 2026. The company's Board of Directors reviewed and approved these results along with the corresponding Auditors Report from M/s A N K H & Associates, Chartered Accountants.The audit report provides an unmodified opinion on the financial statements. Among key observations detailed by the auditors is that the entire management team of the Company underwent a transition during the current financial year. This shift was executed as part of the company's strategic reorganization...

India Ratings Affirms Credit Ratings for Ceat Ltd's Debentures, Commercial Paper and Bank Loans India Ratings and Research (IndRa) has provided credit ratings for various instruments of Ceat Ltd. The ratings cover Non-Convertible Debentures, Commercial Paper, and Bank Loan Facilities, with the agency affirming and reassessing the status of these facilities.The credit rating details presented by IndRa include specific amounts and associated outlooks for each instrument type.According to the provided data on the credit ratings, the instruments and their corresponding ratings are as follows:Instrument TypeAmount (Rs. in Crores)Rating/OutlookRating ActionNon - Convertible Debentures150.00 (Reduced from Rs.250)IND...

Samvardhana Motherson Issues Corporate Guarantee for Wholly Owned Subsidiary's Term Facility Samvardhana Motherson International Limited has agreed to issue a corporate guarantee in favor of DBS Bank Limited concerning a Term Facility availed by its subsidiary, Motherson Global Investments B.V. (MGI B.V.). The agreement was executed on July 03, 2026.The Term Facility, which is set up with DBS Bank Limited, amounts up to EUR 200,000,000, as per the terms of the facility agreement signed by Samvardhana Motherson International Limited and MGI B.V.Guarantee Details and Conditions Under the executed Agreement, the corporate guarantee provided by the Company to the Bank is subject to specific conditions and timelines. The guarantee must...

Inventurus Knowledge Solutions Secures Financing Facilities for IKS Inc. Following TruBridge AcquisitionInventurus Knowledge Solutions Limited has executed several key agreements to secure financing facilities for its subsidiary, IKS Inc., supporting the acquisition of TruBridge, Inc. (the Target), a process previously communicated by the Company. The agreements were formally executed on July 3, 2026.The primary transaction involves a Facilities Agreement signed by various parties. In this arrangement, Inventurus Knowledge Solutions Ltd acted as the parent entity, while IKS Inc. served as the borrower. Key financial institutions and entities involved in the agreement included:Arrangers: Aquity Holdings, Inc., Aquity Solutions...

International Travel House Ltd to Hold Board Meeting to Approve Q1 2026 Financial Results International Travel House Ltd has scheduled a meeting of its Board of Directors to review and approve the company's Unaudited Financial Results for the quarter that ended June 30, 2026.The Board Meeting is set to take place on Friday, July 10, 2026. The primary agenda item for the meeting is the consideration and subsequent approval of these Unaudited Financial Results, along with all related Notes pertaining to the quarter.Stock Price Movement International Travel House Ltd. shares settled on Friday at ₹312.90, marking a 0.75% decline. The stock experienced significant movement during the session, trading between an intraday low of ₹310.35...

Just Dial Ltd to Hold Board Meeting to Approve Q1 Unaudited Financial Results for FY26 Just Dial Ltd has scheduled a meeting of its Board of Directors to consider and approve the company's Unaudited Financial Results for the first quarter ending June 30, 2026.The Board Meeting is set to take place on Friday, July 10, 2026. The primary purpose of the gathering, among other matters, is to review and sanction the financial performance reported for the quarter.JUSTDIAL Stock Price Movement Shares of Just Dial Limited slipped on Friday, closing down 0.98% to settle at ₹549.85. The stock saw a total traded volume of 66,685 shares during the session.

CARE Ratings Assigns 'AAA' Rating and Reaffirms Status for PNB Housing Finance Ltd’s Debentures and FacilitiesPNB Housing Finance Ltd (PNBHFL) has seen its ratings affirmed by CARE Ratings, which assigned a rating of ‘CARE AAA’ (Stable) to the company’s additional bank loans and Non-Convertible Debentures (NCDs), while also reaffirming existing ratings for various financial instruments.The comprehensive details of the assignments and reaffirmed ratings are as follows:Facilities/InstrumentsAmount (₹ crore)RatingRating ActionLong Term Bank Facilities18,600.00 (Enhanced from 15,600.00)CARE AAA; StableReaffirmedLong Term / Short Term Bank Facilities16,400.00CARE AAA; Stable / CARE A1+ReaffirmedBonds500.00CARE AAA...