Markets

Manas Polymers and Energies Limited Approves Rights Issue to Raise Up to INR 25 Crores Manas Polymers and Energies Limited announced that its Board of Directors has approved several key matters related to a proposed Rights Issue, allowing the company to raise capital through the issuance of equity shares.The board meeting, held on Saturday, July 11, 2026, considered, recommended, and sanctioned the fundraising initiative. The company is planning to raise funds up to an amount aggregating INR 25,00,00,000 (Indian Rupees Twenty-Five Crores Only) by way of a Rights Issue targeting eligible equity shareholders.As part of the approved decisions, Manas Polymers and Energies Limited also cleared the Draft Letter of Offer. This document is...

Axis Mutual Fund Crosses 5% Holding in Sona BLW Precision Forgings Limited Axis Mutual Fund has increased its stake in Sona BLW Precision Forgings Limited, reporting that the fund's schemes now hold 5.04% of the target company’s equity share capital following a recent acquisition.The investment was completed on July 09, 2026. The purchase of shares in Sona BLW Precision Forgings Limited was conducted by the Axis Mutual Fund through its various schemes as part of an ordinary course of portfolio investments.Prior to the transaction, the fund held 31,101,579 shares, which accounted for 4.99% of the total equity share capital of Sona BLW Precision Forgings Limited. Following the acquisition, the holding increased to 31,390,025 shares...

Lokesh Machines Limited Completes Equity Allotment Following Warrant Conversion Lokesh Machines Limited announced the allotment of 5,00,000 equity shares after the conversion of warrants into equity shares. The transaction was approved by the Company’s Share Allotment Committee on July 11, 2026.The allotment follows an earlier intimation regarding the issuance of 27,77,919 warrants to nine allottees. The company received a total amount aggregating to Rs. 6,81,41,250/- as the Warrant Exercise Price for this conversion.The equity shares were allotted at an issue price of Rs. 181.71/- per share, which had a face value of Rs. 10/- each. The allotment details pertain to one non-promoter investor.S NoName of AllotteeCategoryWarrants...

Apollo Micro Systems Issues Corrigendum Detailing Preferential Allotment of Equity Shares and Warrants Apollo Micro Systems Limited has released a corrigendum regarding the outcome of its Board Meeting held on July 6, 2026. The update addresses inadvertent errors and provides corrected details concerning the preferential private allotment of equity shares and convertible equity warrants.The company confirmed that the total issue of equity shares stands at up to 2,28,30,902 units for an aggregate amount of Rs. 951,13,53,773.20. This tranche was conducted as a preferential private allotment, with each equity share issued at an issue price of Rs. 416.60/-. The allotment involved 55 investors.In addition to the equity shares, Apollo...

Finkurve Financial Services Pays Interest on Non-Convertible Debentures Finkurve Financial Services Limited has successfully made the monthly interest payment pertaining to its Non-Convertible Debentures (NCDs). The transaction details confirmed that interest payments were completed before the due date as per the terms outlined in the relevant Term Sheet.The company affirmed that the interest payment for the NCDs was made, covering an issue size of Rs. 60,00,00,000/- (Rupees Sixty Crores). The actual amount paid on the specified date was Rs. 50,73,063.88 (Rupees Fifty Lakh Seventy- Three Thousand Sixty-Three and Eighty-Eight Paise Only), which represents the net amount after the deduction of TDS.Key details regarding this interest...

HT Media Limited Approves Preferential Issuance of 3.87 Crore Warrants HT Media Limited announced that its Board of Directors had approved the issuance of warrants through a preferential allotment. This move involves a total of 3,87,87,137 warrants at an issue price of INR 24.57 per warrant, with an aggregate cash consideration estimated up to INR 95,29,99,956.09.The approval for the preferential issue was granted by the Board during a meeting held on Saturday, July 11, 2026. The warrants carry the right for the holder(s) to subscribe to one fully paid-up equity share of HT Media Limited, which has a face value of INR 2 each.The issuance is set for a private placement and includes six proposed allottees. The allotment details and...

Baazar Style Retail Limited Expands Footprint with New Store Opening in BiharBaazar Style Retail Limited announced the opening of a new Style Baazar store located in Kalambagh, Muzaffarpur, Bihar, on July 11, 2026. This expansion highlights the company's ongoing retail growth across India.The addition of the new outlet increases the company’s total network size. As of this date, Baazar Style Retail Limited operates a total of 275 stores.The operational update details the current retail presence:MetricDetailCompanyBaazar Style Retail LimitedNew Store LocationKalambagh, Muzaffarpur, BiharDate of OpeningJuly 11, 2026Total Stores (as on date)275Baazar Style Retail Limited continues to strengthen its retail presence...

Elgi Equipments Subsidiary Divests Stakes in PLA Holding Company and Pattons of California Elgi Equipaments Ltd has seen a divestment executed by its wholly-owned subsidiary, ELGI Compressors USA Inc. The company divested its stakes in PLA Holding Company, LLC and its subsidiary, Pattons of California, LLC.The transaction was finalized on July 10, 2026. The consideration received for the sale includes USD 100,000, apart from the release of exclusivity by the joint venture partner regarding oil flooded rotary screw air compressors in certain areas.Jeffery Brandon Todd, a joint venture partner, is identified as the buyer and does not belong to Elgi Equipments' promoter or promoter group. The transaction was confirmed to be outside any...

SBEC Sugar Ltd Repays Loan of 5 Crores to Priyadarshini Polysacks Limited SBEC Sugar Limited has completed the full repayment and closure of a loan previously obtained from Priyadarshini Polysacks Limited. The transaction, finalized on July 10, 2026, saw SBEC repaying the entire amount.The loan was originally secured through a Loan Agreement dated December 31, 2025. With the repayment, the outstanding balance related to this specific financing is zero.Details regarding the transaction are summarized below:ParticularsDetailsLending PartyPriyadarshini Polysacks LimitedBorrowing EntitySBEC Sugar LimitedOriginal Loan Amount5 CroresDate of AgreementDecember 31, 2025Date of RepaymentJuly 10, 2026Outstanding...

GNFC Recommends ₹21 Dividend Per Share; Shareholders Advised on TDS Procedures Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has recommended a dividend of ₹ 21 per equity share, representing 210% of face value, following a Board meeting held on May 18, 2026. This dividend is for the financial year ended March 31, 2026, and is subject to tax deduction at source (TDS) as mandated by the Income Tax Act, 2025.The Board of Directors recommended the payment, which will be made to shareholders holding equity shares as of the Record date, which will be announced subsequently.Dividend Details SummaryMetricDetailDividend Amount₹ 21/- per equity sharePayout Ratio@210%Face Value₹10/- each (fully paid up)Financial Year...

PSP Projects Limited Receives ESG Ratings from Crisil and SES ESG PSP Projects Limited has received voluntarily assigned Environmental, Social and Governance (ESG) ratings for the year 2026 from two independent agencies: M/s. Crisil ESG Ratings & Analytics Limited and M/s. SES ESG Research Pvt. Ltd.The assessments were conducted by these firms based on publicly available information, as the Company had not engaged either agency specifically for an ESG rating exercise.The ratings provided by the agencies are detailed below:Rating AgencyESG Score / GradeRisk AssessmentCrisil ESG Ratings & Analytics Limited'Crisil ESG 56' (Category: Adequate)N/ASES ESG Research Pvt. Ltd.'64.20' (Grade B)Medium riskThe ratings reflect the...

Ram Ratna Wires Limited Releases Business Responsibility Report, Highlights ESG Commitments and Sustainable Manufacturing Practices Ram Ratna Wires Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report provides a detailed overview of the company's operational scale, product portfolio, and commitment to environmental, social, and governance (ESG) standards within the manufacturing sector.The company is engaged in the manufacturing of winding wires and strips, which contributes 72.03% to its turnover. A significant portion of its business also involves the manufacturing of copper tubes and pipes, accounting for 21.52% of the total turnover. The enterprise serves both...

Clay Craft India Limited Updates Corporate Identification Number Following Stock Exchange Listing Clay Craft India Limited has updated its Corporate Identification Number (CIN) subsequent to the successful listing of its equity shares on the National Stock Exchange of India Limited's NSE Emerge Platform. This change reflects the company's status being officially recognized as a listed entity by the Ministry of Corporate Affairs (MCA).The essential corporate identification details for Clay Craft India Limited have been updated following this regulatory milestone. The company, formerly known as Clay Craft (India) Private Limited, now carries a modified CIN to reflect its listing status.Key details regarding the change are as follows...

Sai Silks Announces Q1 FY27 Post Results Conference Call Invitation Sai Silks (Kalamandir) Limited has announced that it will host a conference call to discuss the company's results and performance related to the first quarter of Fiscal Year 2027. The event is scheduled for Thursday, July 16, 2026, at 4:00 P.M. IST.The conference call is contingent upon the subsequent announcement of the unaudited financial results for the quarter ended June 30, 2026. The meeting provides an opportunity for stakeholders to interact with company management regarding the Q1 FY27 performance.Representing the management in the conference call will be Mr. K.V.L.N Sarma, Chief Financial Officer, and Mr. Bharadwaj R, Chief Executive Officer.Stakeholders...

Gennova Subsidiary Sells mRNA Business via Slump Sale to Immunoscript for Rs. 1,395 Million Emcure Pharmaceuticals Ltd's subsidiary, Gennova Biopharmaceuticals Limited, has executed a business transfer agreement regarding its mRNA division. The division was sold as a going concern on a slump sale basis to Immunoscript Life Science Private Limited.The agreement was finalized on July 10, 2026. The transaction involves the comprehensive transfer of Gennova's mRNA business to Immunoscript for a lump sum cash consideration of Rs. 1,395 Million. The completion of the slump sale is expected by July 17, 2026, pending fulfillment of necessary conditions precedent and approvals outlined in the Business Transfer Agreement (BTA).The buyer...

Sai Silks Schedules Q1 FY27 Post-Results Conference Call for July 16, 2026 Sai Silks (Kalamandir) Limited has announced the scheduling of a conference call to discuss the company's results and performance related to the first quarter of the financial year 2027 (Q1 FY27). The conference is set for Thursday, July 16, 2026, at 04:00 P.M. IST, pending the announcement of the unaudited financial results for the quarter ended June 30, 2026.The event will provide stakeholders with an opportunity to hear from management regarding the company's recent performance. Management representatives scheduled to attend the conference call include Mr. K.V.L.N Sarma, Chief Financial Officer, and Mr. Bharadwaj R, Chief Executive Officer.Details for...

Hisar Metal Industries Reports Status of Transfer Requests Under Special Window for June 2026 Hisar Metal Industries Limited has provided reports detailing the status of transfer requests processed during the special window for physical shares covering the month of June 2026. The company obtained this report from its Registrar and Share Transfer Agent, Skyline Financial Services Pvt Limited, Delhi.The report relates to the special window established for the re-lodgment of transfer requests. The detailed operational status, including the number of requests received, approved, or rejected during the specified period, has been documented by the agent and is provided below.The tabulated details of the re-lodgement under the Special...

Massive Battle for Borrowers: Compare Top Home Loan Interest Rates From Banks and NBFCs as of July For prospective homeowners, securing favorable lending terms is crucial to minimizing overall borrowing costs. Since interest rates vary based on numerous personal financial factors, a comprehensive comparison across lenders remains essential for any home loan applicant this month. While several public sector banks are offering loans starting around 7.10 percent, the final rate offered will depend heavily on an individual's credit profile and employment status.The Impact of RBI Policy on Lending Rates Home loan interest rates in India are closely linked to the monetary policy set by the Reserve Bank of India (RBI). In its most recent...

India-NZ Alliance Accelerates: Trade Target Doubled to ₹35,000 Crore by 2030 as Partnership is Elevated India and New Zealand have significantly upgraded their bilateral relationship following the official visit of the Prime Minister. The two nations have formalized their ties into a Strategic Partnership, setting an ambitious economic roadmap designed to profoundly boost trade and cooperation across multiple sectors. This comprehensive partnership aims to strengthen not only trade but also defense, science, and people-to-people exchanges over the next four years.Economic Boost: Setting a ₹35,000 Crore Trade Target A major milestone established during the visit is the commitment to dramatically expanding economic connectivity. Both...

Gold Investors Advised Caution: DSP Report States Precious Metal Ratios Are Balanced, Not Yet Attractive for Overweighting Gold investors are urged to resist the impulse to aggressively increase allocations despite the precious metal's strong market performance. The latest NETRA report from DSP Mutual Fund suggests that current gold prices do not yet offer a sufficiently attractive risk-reward ratio. The firm advises investors against rushing, stating that "Prices aren't attractive enough to be overweight."The DSP report emphasizes that current price levels are in a balanced zone regarding risk and reward. It projects that the mathematical proof of higher margin of safety can only emerge following further corrections in prices. This...