Markets

Kalyan Jewellers Surges 34%: Brokerage Reaffirms Bullish Stance Amid Strong Q1 Growth and Expansion Plans Kalyan Jewellers shares continued its impressive upward trend on Friday, rallying for the third consecutive session. The stock extended significant gains, showing a nearly 34 percent rally over three days. This strong performance follows Citigroup's reaffirmation of its 'Buy' rating, with the brokerage maintaining a target price of Rs 750 per share.The stock settled at Rs 480 on Friday, marking an increase of over 8 percent for the day. The company's market capitalization soared to Rs 49,571.53 crore. This robust rebound has positioned Kalyan Jewellers significantly stronger than its peers, narrowing losses realized earlier this...

Vikran Engineering Ltd Approves Up To ₹3,400 Crore Corporate Guarantee for Subsidiaries The Board of Directors of Vikran Engineering Limited has approved significant financial support measures for its Wholly-Owned Subsidiaries, including a corporate guarantee facility and a substantial infusion of promoter capital. These decisions were ratified during the Board Meeting held on July 10, 2026.The company authorized the issuance of Corporate Guarantee(s) aggregating up to ₹3,400 Crores in favor of its Wholly-Owned Subsidiaries (WOS). This guarantee is designed to assist the subsidiaries in securing credit facilities from various banks, financial institutions, and other lenders. These facilities are intended for the development and...

Superior Industrial Enterprises Limited Announces Resignation of Company Secretary and Compliance Officer Superior Industrial Enterprises Limited has announced the resignation of Ms. Muskaan Suhag from her role as Company Secretary and Compliance Officer (Key Managerial Personnel). The change is effective starting August 7, 2026.Ms. Muskaan Suhag, a qualified Company Secretary holding Membership No. A75927, tendered her resignation for the position at Superior Industrial Enterprises Limited.The company stated that Ms. Suhag's decision to step down was motivated by pursuing better career opportunities and prospects for future growth.During the transition period, management affirmed that she would extend full cooperation to ensure a...

Technojet Consultants Ltd Schedules Board Meeting to Review Q1 Unaudited Financial Results Technojet Consultants Limited has scheduled a meeting of its Board of Directors to consider and approve the company's Unaudited Financial Results for the quarter ending June 30, 2026.The Board Meeting is set to take place on Wednesday, July 15, 2026. The primary purpose of the gathering is to review the financial performance corresponding to the first quarter of the fiscal year ended June 30, 2026.Stock Price Movement Technojet Consultants Ltd. shares settled on Monday, ticking up by ₹4.74, or 5.00%, closing at ₹99.54. The stock maintained a completely flat trading profile for the day, with its high and low remaining fixed at ₹99.54.

Umiya Buildcon Reports Q2 Results: Standalone Profit Stands at 236.90 Lakhs Amid Segmental Variances Umiya Buildcon Limited, formerly MRO-TEK Realty Limited, announced its unaudited financial results for the quarter ended June 30, 2026. The company held a Board meeting on July 10, 2026, to consider and approve these results.The results show varying performance across the company's operational segments. Standalone data indicates a Net Profit of 236.90 Lakhs for the quarter ended June 30, 2026, while the consolidated entity reported a Net Profit of 23.60 Lakhs for the same period.Financial Highlights (Standalone) The company's standalone operations registered Total Income of 1,844.29 Lakhs in the quarter ending June 30, 2026, compared...

UFLEX Limited Appoints Mr. Arun Kumar Sharma as Chief Financial OfficerUFLEX Limited has appointed Mr. Arun Kumar Sharma as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP). The appointment was confirmed by the company's Board of Directors, effective from July 10, 2026.Mr. Sharma is set to assume the role of President (Finance & Accounts) and CFO at the company. His appointment marks the strengthening of UFLEX Limited's senior finance leadership structure.The company released detailed information regarding Mr. Sharma’s profile and the newly authorized KMPs under the appointment. Mr. Arun Kumar Sharma is a qualified Chartered Accountant with over 35 years of overall experience in Finance. Previously, he held...

Maple Infrastructure Trust Unitholding Pattern Reported as of June 30, 2026 The unitholding pattern for Maple Infrastructure Trust, formerly known as Indian Highway Concessions Trust, was reported as of June 30, 2026. The report details the composition of unit holdings across various categories, showing a specific distribution between Sponsor & Sponsor Group and Public Holding.Analysis of the unitholding data indicates that the Sponsor and Sponsor Group hold 75.00% of the total outstanding units. The remaining 25.00% is allocated to public holding.The ownership structure across various categories is detailed in the following table:CategoryTotal Units HeldPercentage of Total Outstanding UnitsSponsor and Sponsor Group...

NCLT Orally Approves Resolution Plan for SAB Events & Governance Now Media in Insolvency Process SAB Events & Governance Now Media Limited announced on July 10, 2026, that the National Company Law Tribunal (NCLT), Mumbai Bench, orally pronounced an Order approving its resolution plan. This approval pertains to the company's Pre-Packaged Insolvency Resolution Process (PPIRP).The NCLT’s decision aligns with Section 54L and other applicable provisions of the Insolvency and Bankruptcy Code, 2016, read in conjunction with the Insolvency and Bankruptcy Board of India (IBBI) Pre-Packaged Insolvency Resolution Process Regulations, 2021.While the resolution plan has received oral approval from the esteemed tribunal, the company confirmed...

Powerica Secures 50MW Wind Project Bid from GUVNL in Competitive Auction Powerica Limited, an established player in power solutions and renewables, has secured a bid for a significant wind power project through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL). The company was selected to undertake the 50 MW grid-connected Wind Power Project.The electronic reverse auction, which provided the opportunity for competitive bidding among participants, concluded on July 09, 2026. During the process, Powerica’s discovered tariff was ₹3.51 per unit, marking a 2.77% variance when compared to the tender start-price. The company anticipates that the Letter of Award (LOA) will be granted within the timeframe specified in...

Uttam Sugar Mills Limited Completes Redemption of Preference Shares Uttam Sugar Mills Limited has successfully redeemed a portion of its redeemable preference shares, following a decision made by its Preference Share Redemption Committee. The redemption was completed after a meeting held by the company's Board of Directors on July 1, 2026.The company conducted the redemption process covering two specific tranches of non-cumulative preference shares. As part of this financial event, Uttam Sugar Mills Limited settled the following:43,600 Non-Cumulative Redeemable Preference Shares, each valued at Rs. 100, corresponding to a 6.500% rate. 9,000 Non-Cumulative Redeemable Preference Shares, also priced at Rs. 100 per share, which carried...

Sundaram Finance Reports Exercise of Stock Options Under ESOP Scheme Sundaram Finance Limited has announced the exercise of stock options granted under its Employee Stock Option Scheme 2008 (SFESOS). The action relates to Grant 15 of the scheme, involving a specific employee option holder.The details concerning the exercised stock options are as follows:GrantDate of GrantExercise DateNo. of Option HoldersNo. of Options1526.05.202310th July 20261128Following the exercise of these options, Sundaram Finance Limited confirmed that suitable steps have been taken to transfer the equity shares. These shares are being transferred from the Sundaram Finance Employees Welfare Trust to the demat account of the respective option holder...

Uttam Sugar Mills Redeems Preference Shares in Board Meeting Decision Uttam Sugar Mills Limited has completed the redemption of certain categories of preference shares following a meeting of its Preference Share Redemption Committee and Board of Directors. The action was finalized on July 1, 2026.The company redeemed two distinct series of non-cumulative redeemable preference shares as per the terms governing each issue.The details of the redeemed shares are presented below:Share TypeQuantity RedeemedFace Value Per ShareNon-Cumulative Redeemable Preference Shares43,600Rs. 100/- (Face Value)Non-Cumulative Redeemable Preference Shares9,000Rs. 100/-(Face Value) plus premium of Rs. 100/-The redemption was executed by the...

Bank of Baroda Reviews Marginal Cost of Funds Based Lending Rate (MCLR) Effective July 12, 2026 Bank of Baroda has reviewed its Marginal Cost of Funds Based Lending Rate (MCLR), effective starting July 12, 2026. The review covers various lending tenors, maintaining specific rates across the different maturity periods as noted in the updated figures.The company provided details on the existing and revised MCLR for several categories, which remain consistent across the reviewed tenors.Key aspects of the MCLR review are detailed below:MCLR TenorsExisting MCLR (in %)MCLR w.e.f. 12th July 2026 (in %)Overnight7.857.85One Month7.957.95Three Month8.208.20Six Month8.508.50One Year8.758.75BANKBARODA Stock Price Movement...

Music Broadcast Ltd Board Meeting Scheduled for July 22, 2026 To Approve Quarterly Results Music Broadcast Limited has scheduled a meeting of its Board of Directors to review and approve the Un-Audited Financial Results for the quarter ending June 30, 2026. The board meeting is set for Wednesday, July 22, 2026.Following this meeting, the company confirmed that the trading window for securities dealing will remain closed. This restriction period will conclude 48 hours after the conclusion of the Board meeting on July 22, 2026, in line with insider trading regulations.The board meeting is intended to consider and approve the financial performance data for the quarter ended June 30, 2026.Key details related to Music Broadcast Limited...

Signpost India Limited Re-appoints Independent Directors for Second Term Signpost India Limited has unanimously approved the re-appointment of Mr. Girish Kulkarni and Mr. Prashant Sanghavi as Non-Executive, Independent Directors. The appointments are set for a second term of five consecutive years, effective from August 6, 2026, subject to approval by shareholders at the upcoming Extraordinary General Meeting (EGM) scheduled for August 5, 2026.The two directors confirmed that they meet the necessary criteria for 'independence' under relevant corporate regulations. This decision follows a recommendation by the Nomination and Remuneration Committee of the company.Mr. Kulkarni and Mr. Sanghavi will serve as Independent Directors in...

GMM Pfaudler Reports on Sustainability Performance for FY26; Highlights ESG Strategy 2.0 and Environmental Efficiencies GMM Pfaudler Limited, a global provider of process technologies and systems across the chemical, pharmaceutical, energy, and industrial sectors, has detailed its operational achievements and sustainability commitments in its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report emphasizes that Environmental, Social, and Governance (ESG) considerations are integral to the company's growth strategy, underpinning a commitment to sustainable development and ethical corporate conduct.The company confirmed that its disclosures were prepared on a standalone basis...

Alembic Pharmaceuticals Reports Sustainability Progress, Highlights ESG Goals and Operational Performance in FY2025-26 Alembic Pharmaceuticals Limited (APL) has published its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report details the company's operational footprint, commitment to environmental stewardship, social responsibility, and governance frameworks across various aspects of its business activities.The BRSR outlines APL’s sustained efforts toward integrating Environmental, Social, and Governance (ESG) principles into its core strategy, while setting ambitious targets for decarbonization and resource efficiency.Business Overview and Operations APL is a major...

Sky Industries Ltd. Sets Record Date for Dividend Payment After Board Recommendation Sky Industries Limited has announced the record date for determining members eligible to receive a dividend, following the recommendation made by its Board of Directors.The Company's Board of Directors, during a meeting held on May 15, 2026, recommended a dividend of 10% or Re. 1.00/- per Equity Share of Rs. 10/- each for the financial year 2025-26. This recommendation is subject to approval by the members at the upcoming 37th Annual General Meeting (AGM), which is scheduled for Saturday, August 01, 2026.Sky Industries Limited has set Friday, July 17, 2026, as the official record date for determining the entitlement of members eligible for the...

PNGS Gargi Fashion Jewellery Reports Q1FY27 Results, Sees Revenue Growth Driven by Retail Expansion PNGS Gargi Fashion Jewellery Limited, a branded fashion jewellery retailer from the P. N. Gadgil & Sons Group, has reported its business update for the First Quarter (Q1) of FY 2026-27. The company operates under the brand 'Gargi by P. N. Gadgil & Sons' and offers a diverse portfolio including 925 sterling silver jewellery, 9KT plain Gold Jewellery, 14KT gold jewellery studded with natural diamonds, and fashion jewellery.The results for Q1FY27 showed continued revenue growth, which was largely attributable to the expansion of its retail network and strong performance in specialized sales channels.Particulars (Rupees in...

Emerald Finance Ltd Partners with Ace Knitware to Launch Early-Wage-Access Program Emerald Finance Ltd has established a strategic partnership with Ace Knitware, based in Ludhiana, Punjab, introducing its specialized Early-Wage-Access program for the firm's employees. This initiative aims to provide instant financial relief by enabling employees to access portions of their salaries throughout the working month.The partnership is part of Emerald Finance Ltd’s efforts to expand its product offerings and serve retail customers. The company has been developing a salary advance solution, which involves collaborating with employers to offer short-term loans designated as salary advances. These advances are repaid through scheduled salary...