Markets

Ex-STC CMD, 6 Officials Face Charges as CBI Targets Alleged ₹75 Crore Trade Finance Fraud The Central Bureau of Investigation (CBI) has registered a First Information Report (FIR) in a major case involving alleged financial irregularities at the State Trading Corporation (STC). The investigation targets the former Chairman Managing Director (CMD) and six other senior officials, along with KS Oils Ltd (KSOL), over suspected fraud related to trade finance amounting to ₹75 crore.The CBI has concluded its preliminary enquiry after more than a year and filed the FIR on Friday. The allegations pertain to trade finance extended by STC to KSOL for mustard oil purchases between 2010 and 2014. This high-profile action signals serious regulatory...

Sobha Limited Records Highest Quarterly Sales Value of ₹36.56 Bn in Q1 FY2027 Sobha Limited reported a significant increase in its real estate operations for the quarter ending June 30, 2026. The company achieved an all-time high quarterly sales value of ₹36.56 billion, driven by robust demand across key markets and strong responses to several new project launches.The operational update shows substantial growth compared to Q1 FY2026, with the sales value increasing by 76%, sales area growing by 62%, and the number of homes and plots rising by 78%. Sobha’s share of the sales value recorded a historic high at ₹29.92 billion.Sales Performance Snapshot The company’s performance metrics for Q1 FY2027 were as follows:MetricQ1 FY27Q1...

Omni AXs Software Appoints Nikita Hardik Parekh as Managing Director and Additional Director A Board meeting of Omni AXs Software Ltd concluded on July 3, 2026, where it approved the appointments of Mrs. Nikita Hardik Parekh to key executive roles within the company.The Board of Directors confirmed the appointment of Mrs. Nikita Hardik Parekh as both the Additional Director and the Managing Director of the company. Both positions are subject to approval by the members during a general meeting.Following the board deliberation, the company affirmed that Mrs. Paretokh is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India or other relevant authorities.The appointment as...

Major Financial Blow: SEBI Issues ₹10.4 Crore Recovery Notice Against Trdez Investment Private Limited In a significant enforcement action, the Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand seeking recovery from Trdez Investment Private Limited. The notice specifies total dues amounting to ₹1,04,01,000/-, stemming from proceedings related to Certificate No. RC 9194 of 2026.This action underscores SEBI's strict regulatory oversight concerning non-compliance by entities in the financial markets. The demand notice was officially issued on July 3, 2026, targeting Trdez Investment Private Limited (PAN: AAJCT5451G).Breakdown of Recovery Dues and Penalty Imposed The total sum demanded includes a...

Integrated Proteins Ltd Postpones Board Meeting, Reschedules for July 9th Integrated Proteins Ltd has announced the postponement and rescheduling of its Board of Directors meeting following unavoidable circumstances. The meeting, originally scheduled for Friday, July 3, 2026, was moved to Thursday, July 9, 2026.The company stated that the delay was necessary due to unforeseen circumstances. The rescheduled meeting is set to address several key items concerning the corporation's structure and future planning.During the board meeting on July 9, Integrated Proteins Ltd will review and approve the Sub-Division (split) of the Equity Shares of the Company. This major corporate action remains subject to necessary approvals from...

Elpro International Acquires Equity in Greaves Cotton Limited Amidst Industry Focus on Green Mobility Elpro International Ltd has acquired equity shares of Greaves Cotton Limited (GCL), solidifying its investment interest in the engineering and mobility sector. The acquisition was completed via a cash consideration transaction.The cost of acquiring the shares was reported at INR 7.85 Crores. This purchase increased Elro’s stake, with the fresh acquisition comprising 3,47,585 Equity Shares. Prior to this acquisition, the company held 4,61,575 Equity Shares, resulting in a total holding of 8,09,160 Equity Shares.The target entity, Greaves Cotton Limited, operates within the Compressors, Pumps & Diesel Engines industry. The acquisition...

Vedanta Oil and Gas Reports Q1 Production, Focusing on Growth Pipeline Amid Decline Arrest Efforts Mumbai, July 3, 2026: Vedanta Oil and Gas Limited has announced its production numbers for the First Quarter ended June 30, 2026. The company is advancing a strong pipeline of near-and medium-term growth opportunities through exploration drilling, enhanced oil recovery (ASP), and additional infill campaigns, all aimed at arresting decline and enhancing resources.The company's operational performance metrics were released, indicating the current production levels across key assets. Average Daily Gross Operated Production in the first quarter stood at 77.7 kboepd, marking a 5% decrease Quarter-on-Quarter (QoQ).A detailed breakdown of the...

US FDA Inspection Concludes at Rubicon Research Facility; Company Notes Procedural Observations Rubicon Research Limited, formerly known as Rubicon Research Private Limited, has provided an update on the outcome of a recent inspection conducted by the United States Food and Drug Administration (US FDA) at its manufacturing facility in Pithampur, Madhya Pradesh.The US FDA carried out an unannounced inspection of the company’s facility located in Pithampur from Monday, June 29, 2026, to Friday, July 3, 2026. This marked the first such inspection at the site since Rubicon Research acquired the facility last year. The completion of the integration process, implementation of a quality management system, and regulatory filings initiated the...

Sammaan Capital Pays Interest on Secured Redeemable Non-Convertible Debentures (NCDs) Sammaan Capital Limited has made timely payments of interest amounts pertaining to its Secured Redeemable Non-Convertible Debentures (NCDs), which were issued through a public offering and are listed on the stock exchange. The company has provided details regarding these payments across two separate debenture issues.The payment records for the NCDs show that both debenture series have had their interest obligations met. These debentures carry a monthly payment frequency.Details of the interest payment commitment, including issue size and the amount paid on July 3, 2026, are provided below:ISINIssue Size (INR lacs)Interest Amount Paid (INR...

Lodha Developers Clarifies Real Estate Land Purchase Reported in Media Lodha Developers Limited has issued a statement regarding a news article published by The Economic Times, concerning a land acquisition transaction involving the company.The clarification addresses the report detailing that "Digital Edge" purchased 30 acres in Palava from Lodha Developers for its second data centre.In response to the media coverage, the company stated that as a real estate business, land purchase and tie-ups are routine aspects of their operations. The transaction referred to in the news item falls within the scope of such typical activities for Lodha Developers Limited.LODHA Stock Price Movement On Friday, Lodha Developers Limited shares...

Ksolves India Announces Board Meeting to Approve Q1 Results and Interim Dividend Declaration Ksolves India Ltd has scheduled a meeting of its Board of Directors for July 15, 2026. The board is set to consider several key operational and financial matters related to the company’s performance during the first quarter of fiscal year 2026-27.The agenda items slated for discussion at the meeting include the approval and recording of both the Un-Audited Standalone Financial Results and the Un-Audited Consolidated Financial Results for the quarter ended June 30, 2026. A significant item on the agenda is the recommendation and declaration of the 1st Interim Dividend for the financial year 2026-27.The essential details regarding the upcoming...

Prestige Estates Acquires 50% Stake in Advent Hotels' Subsidiary, Initiating Joint Venture Partnership Advent Hotels International Ltd has announced that it has executed an Investment Agreement establishing a joint venture structure for one of its key projects. The agreement involves the acquisition of a significant equity stake by Prestige Estates Projects Limited.The deal was finalized on July 3, 2026, between Advent Convention and Hotels International Limited (ACHIL), which is a wholly-owned subsidiary of the Company, and Prestige Estates Projects Limited along with Prestige Falcon Realty Ventures Private Limited.Under the terms of this Investment Agreement, Prestige Estates will acquire a 50% equity share capital stake in ACHIL...

Laurus Labs Ltd Ratings Reaffirmed by CARE Ratings Following FY26 Performance Improvements Laurus Labs Ltd has received reaffirmation of its credit ratings from CARE Ratings Ltd, reflecting sustained improvement in the company's performance during fiscal year 2026. The ratings cover various bank facilities and instruments provided to the company.The reaffirmed credit ratings assigned by CARE Ratings Ltd are detailed below:Facilities / InstrumentsRatingRating ActionLong-term bank facilitiesCARE AA; StableReaffirmedLong-term / Short-term bank facilitiesCARE AA; Stable / CARE A1+ReaffirmedShort-term bank facilitiesCARE A1+ReaffirmedThe reaffirmation of these ratings for the company's bank facilities is attributed to its...

CEO CFO Resignation at Finelistings Technologies Ltd Citing Pre-occupation Elsewhere Finelistings Technologies Ltd has announced the resignation of its Chief Financial Officer (CFO), Mr. Prateek Malhotra, effective July 3, 2026. The company confirmed that his departure is due to pre-occupation elsewhere.The resignation details pertain to the CFO position at Finelistings Technologies Ltd.Mr. Malhotra tendered his resignation from the post of Chief Financial Officer of the Company, citing pre-occupation as the reason for his change in status. His tenure concluded on July 3, 2026.A summary of the key managerial personnel change is provided below:ParticularsDetailsName of Key Managerial Personnel (CFO)Mr. Prateek Malhotra...

Advanced Enzyme Technologies Announces AGM Date and Recommends Dividend for FY26 Advanced Enzyme Technologies Ltd has announced key dates for its 37th Annual General Meeting (AGM) and provided details regarding the final dividend recommended by the Board of Directors for the financial year 2025-26.The company confirmed that the 37th AGM is scheduled to be held on Friday, July 31, 2026. The meeting will be conducted through Video Conference or Other Audio Visual Means.In addition to the AGM date, Advanced Enzyme Technologies set the Record Date for members regarding the recommended final dividend of ₹ 1.35/- per equity share. This dividend pertains to the financial year 2025-26 and is based on an equity share value of ₹ 2/- each. The...

Allcargo Global Limited's Board Approves Code for Fair Disclosure of Unpublished Price Sensitive Information Allcargo Global Limited has formalized its corporate governance framework by adopting a dedicated 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.' The decision was made by the company's Board of Directors.The newly adopted Code outlines the practices necessary for fair disclosure regarding unpublished price sensitive information, aligning with regulatory requirements for such information management.This document is available to stakeholders on the official website of Allcargo Global Limited.AGL Stock Price Movement Shares of Allcargo Global Limited today tumbled by 5.00% to...

Tax Demand Issued by Bihar Authority to Whirlpool of India Limited Whirlpool of India Limited has received an order from the Office of Additional Commissioner of State Tax, Bihar, concerning a tax demand related to previous fiscal years. The order was issued and received on July 02, 2026, under section 73 of the IGST, CGST, and SGST Act, 2017.The assessment includes various financial components pertaining to operations conducted during FY 2019-20.The tax liability levied by the authority comprises:ComponentAmount (INR)Tax Demand6,96,018/-Interest7,74,696/-Penalty80,812/-The company confirmed receipt of the order on July 02, 2026. Regarding the violation or contravention alleged in the order, details are consistent...

Thejo Engineering Secures Initial Order from Vale, Brazil for Mill Liners Thejo Engineering Limited has received the first tranche of orders from Vale, an international entity in Brazil, following the successful completion of plant trials. This marks a significant development in securing a supply contract with the global company.The initial purchase order covers two complete sets of THOR-R and THOR-M Mill Liners under a three-year supply agreement established with Vale. These orders are scheduled for delivery by October 2026.The combined value of this first tranche totals USD 0.89 million, which is approximately ₹8.46 crore.The company confirmed that the purchase order constitutes a normal course of business and will not be...

Indiqube Spaces Approves Board Report, Schedules 12th AGM Following IPO Completion Indiqube Spaces Limited has approved its Board's Report for the financial year ending March 31, 2026. Furthermore, the company announced that it will convene its 12th Annual General Meeting (AGM) on Wednesday, August 12, 2026.The board meeting of Indiqube Spaces Limited, held on July 03, 2026, reviewed and approved several key corporate items. Among the decisions was the formal approval of the company's Board's Report along with associated annexures for the financial year concluded March 31, 2026.The company has also scheduled its next Annual General Meeting (AGM) for Wednesday, August 12, 2026. The AGM is set to be conducted at 10:00 A.M. (IST)...

Supreme Industries Achieves Record Revenue, Expands Operations Across 13 States; Net Profit Reaches R 911 Crores Supreme Industries Limited reported strong financial performance for the fiscal year 2025-26, with Net Revenues reaching R 11,320 Crores. The company showcased robust operational growth across its diverse business verticals while also committing significant resources toward sustainability and future capacity expansion.The results reflected in the Annual General Meeting (AGM) showed continued momentum despite external market challenges. Key financial metrics for the year under review include:Financial MetricFY 2025-26Previous Year (FY 2024-25)Net RevenuesR 11,320 CroresR 10,559 croresProducts Sold (Volume)7.54 lakh...