Markets

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...

Monarch Surveyors Secures Land Records Consultancy Project Worth Rs 2.6 Crore in NagpurMonarch Surveyors and Engineering Consultants Limited has announced that it has received a Letter of Acceptance for a significant contract, marking an expected positive development for its business operations. The company was selected as one of the agencies to serve as a Licensed Surveyor for the District Superintendent of Land Records in Nagpur.The total order value for this project stands at Rs 2,61,70,200 (Rupees Two Crore Sixty-Lakh Seventy Thousand Two Hundred only). This contract involves the selection and deployment of licensed surveyors to support the District Superintendent of Land Records in Nagpur.Key details regarding the contract...

Simbhaoli Sugars Addresses Disclosure Omission Following Material Event Query Simbhaoli Sugars Limited provided a detailed explanation regarding an oversight concerning material event disclosure, which was previously questioned by stock exchanges following an announcement made on July 3, 2026. The company stated that the omission was inadvertent, attributing it partly to internal operational challenges amidst its corporate restructuring process.The company confirmed that it is currently undergoing the Corporate Insolvency Resolution Process (CIRP), a situation which has resulted in significant administrative and statutory compliance challenges due to transitions in management and active personnel. Consequently, the disclosure of a...

Phoenix Overseas Limited Announces Resignation of Statutory Auditor Phoenix Overseas Limited has announced the resignation of its Statutory Auditor, M/s Jain Seth & Co., Chartered Accountants. The change in auditing services is effective from close of business hours on July 11, 2026.The resignation by M/s Jain Seth & Co. was communicated after operational difficulties arose within the firm. According to details provided, the resignation was tendered because of the poor health of partner Ramakant Sureka, which led the firm to be unable to continue providing Statutory Auditor services to Phoenix Overseas Limited.Key details regarding the change in auditing service for the company are summarized below:ParticularsDetails...

CRISIL Upgrades South West Pinnacle Exploration Ltd Ratings Following Operating Improvements CRISIL Limited has upgraded the credit ratings for South West Pinnacle Exploration Ltd (SWPEL), recognizing a sustained improvement in the company's operating performance and financial risk profile. The rating upgrades cover both long-term and short-term bank facilities, reflecting the firm's growing technical expertise and diversified client base across exploration services.The total bank loan facility of Rs 83.69 Crores has seen corresponding rating enhancements. CRISIL upgraded the long-term bank facilities from 'BBB/Positive' to 'BBB+/Stable,' while the short-term bank facilities were upgraded from 'CRISIL A3+' to 'CRISIL A2.'Financial...

Aditya Birla Group Vows Massive Expansion: Hindalco Pledges $1.26 Billion to Triple Odisha Refinery Capacity A Strategic Push for Increased Alumina Refining Capacity India's Aditya Birla Group has made a significant announcement regarding the industrial capacity of its Kansariguda alumina refinery in Odisha. The company has proposed an additional investment of $1.26 billion toward expanding this key refining facility. This strategic move aims to triple the current capacity of the refinery.The expansion project is specifically slated to be undertaken by Hindalco Industries, a group entity. By executing this massive infrastructure upgrade, the industry giant plans to bring the refinery's annual capacity up to 3 million metric tons. This...

The Federal Bank Allots Shares Following Stock Option Exercise Under Multiple Employee Schemes The Federal Bank Limited announced that it has completed the allotment of equity shares to option grantees who exercised their stock options across various employee schemes. These allotments were processed on July 11, 2026, and were approved by the Nomination, Remuneration, Ethics and Compensation Committee.The company granted shares under four different schemes: ESOS 2010, ESOS 2017, ESOS 2023, and ESIS 2023. All allotments were made following the payment of money by the respective option grantees.Equity share allotment details are as follows:SchemeTotal Shares AllottedFace Value Per ShareESOS 201012,625Rs. 2/-ESOS...

DLF Ltd Releases Business Responsibility Report, Highlights Global Leadership in Sustainable Real Estate DLF Limited has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year (FY) 2025-26. The report details the company's operational footprint, ESG commitments, and performance across environmental, social, and governance parameters within the real estate sector.The BRSR provides comprehensive insights into DLF’s operations, which are conducted on a consolidated basis, covering the entity and its subsidiaries. Shares in DLF Limited are listed on BSE and NSE.Operational Scope and Governance DLF's primary business activity is Real Estate Activities with own or leased property, accounting for 100%...

Avenue Supermarts Approves Issuance of Non-Convertible Debentures Up To Rs 1,000 Crore Avenue Supermarts Limited has approved the issuance of Non-convertible Debentures (NCDs) aggregating up to Rs. 1,000 crore. The decision was made by the Company's Board of Directors at a meeting held on July 11, 2026.The approval allows for the NCDs to be issued in one or more tranches through a private placement basis.The Board of Directors approved the issuance as part of other matters discussed during the meeting. The session commenced at 1:30 p.m. and concluded at 2:50 p.m. on July 11, 2026.DMART Stock Price Movement Avenue Supermarts Limited shares slipped by 0.11% on Friday, closing at ₹4081.10 after trading through the session. The stock...

S.P. Apparels Ltd Affirms All Disclosures Made Regarding Share Price Sensitivity S.P. Apparels Limited has provided clarity on its disclosure practices regarding price sensitive information, stating that the company has fulfilled all requirements concerning material events as pertaining to regulatory stipulations for listed entities.The Company clarified that it has disclosed all necessary events and information, ensuring no material announcement—including impending announcements—has been withheld that could potentially affect the price or volume behavior of its scrip.Regarding market activity, S.P. Apparels Ltd stated that any movement observed in the company's share price is purely attributable to general market conditions. The...

Knowledge Realty Trust Concludes First Annual Meeting; Key Resolutions Pass with High Majority Knowledge Realty Trust successfully concluded its First Annual Meeting of Unitholders, held on July 10, 2026. The meeting was conducted via video conferencing or other audio-visual means and saw the unanimous passage of all resolutions set forth in the notice dated June 17, 2026.The annual general body included members from various categories, including Sponsor/Sponsor Group, Public Institutions, and Public Non-Institutions. The outcomes of the meeting, along with the Scrutinizer's Report, confirmed that all proposed items were duly approved by the Unitholders.Voting Outcomes Summarized The First Annual Meeting addressed four key...

Futuristic Solutions Ltd Announces Board Meeting and Plans For 43rd Annual General Meeting Futuristic Solutions Ltd has scheduled its Board of Directors meeting for Monday, July 20, 2026, at the company’s Registered Office. The meeting is set to address critical corporate decisions regarding the forthcoming Annual General Meeting (AGM) and operational procedures.The agenda items slated for discussion include the consideration and approval of the Directors' Report along with annexures for the Financial Year 2025-26. Key operational decisions planned for the board meeting involve setting up the framework for the company's 43rd AGM.Decisions to be made at the Board Meeting cover:Approving the day, date, time, agenda, and venue for...