Markets

Refex Companies Announce Unsecured Creditors Meeting for Composite Scheme Involving Amalgamation and Arrangement Refex Industries Limited (RIL) has announced a meeting of its unsecured creditors regarding a composite scheme of amalgamation and arrangement involving three entities: Refex Green Mobility Limited, Refex Industries Limited, and the newly formed Refex Mobility Limited. The two-part structure aims to streamline operations by merging green mobility assets into RIL, followed by demerging this business segment into a separate entity, Refex Mobility Limited (RML).The meeting of unsecured creditors is scheduled for Wednesday, August 05, 2026, at 12:00 P.M. IST at the company’s registered office in Chennai. This action follows an...

Sri Lotus Developers Invests in Wholly Owned Subsidiaries via Rights Issue to Fund Real Estate Expansion Sri Lotus Developers and Realty Ltd, formerly known as AKP Holdings Limited, has committed funds through a rights issue to its wholly owned subsidiaries. The investment is aimed at expanding the company's presence in the real estate sector and meeting the working capital requirements of these entities.The Executive Committee of the Board approved the subscription to equity shares proposed to be issued by the company’s wholly owned subsidiaries, which are engaged in the business of residential and commercial real estate development and re-development.The investment structure involves 100% subscription for all three subsidiaries...

Viceroy Hotels Postpones Rights Issue Committee Meeting Pending Regulatory Approvals Viceroy Hotels Limited has decided to postpone its scheduled meeting of the Rights Issue Committee following updates regarding the regulatory approval process for a planned fundraising initiative. The company announced that the committee meeting, initially slated for July 3, 2026, will now be convened upon receiving the necessary in-principle approvals from the Stock Exchanges.The postponement relates to the rights issue through which Viceroy Hotels seeks to raise funds. During the previously held Board of Directors meeting on June 29, 2026, the Company approved the plan to raise capital by issuing fully paid-up equity shares on a rights basis to...

Mangalam Organics Details Loss and Insurance Status Following Camphor Plant Fire Incident Mangalam Organics Ltd has provided an update regarding the fire incident that occurred on July 16, 2025, at its Camphor Plant I located in Kumbhivali Village, District Raigad. The company announced that the appointed insurance surveyor has completed the assessment of the loss and has submitted the final survey report to the insurer, The New India Assurance Company Limited.The assessment by the insurance surveyor revealed a total loss amount of Rs. 12.58 Crore (Rupees Twelve Crore and Fifty-Eight Lakhs only). Mangalam Organics is actively working with the insurer for the final settlement and disbursement of the insurance claim. As of the date of...

Indo Us Bio-Tech Ltd Board Meeting Approves Appointment of Independent Director and Statutory Auditor Indo Us Bio-Tech Ltd, at its Board meeting held on July 03, 2026, made key decisions regarding its board structure and statutory oversight. The Board approved the appointment of Mrs. Hemanshi Darsh Soni as an Additional Director (Non-Executive Independent) and ratified the appointment of M/s. Bhagat & Associates as the company's Statutory Auditor, both subject to subsequent shareholder approval through a Postal Ballot process.The appointment of Mrs. Hemanshi Darsh Soni comes after the Board had previously approved her role as an Additional Director for a five-year period, effective from April 21, 2026. As an Additional Director in the...

Godrej Consumer Products Reports Q1 FY27 Results, Expecting High-Teens Revenue Growth Godrej Consumer Products Limited reported its quarterly performance for Q1 FY27, indicating strong growth across several markets despite ongoing input cost pressures. The company noted that the FMCG industry is experiencing accelerated value growth, with consumer demand remaining stable amid crude-led inflation.The update provided a sequential improvement in performance across most key metrics. At the consolidated level, Godrej Consumer Products expects to deliver high teens revenue growth in Q1 FY27. This projection is meaningfuly ahead of the full year guidance for double-digit revenue growth and is backed by strong high single digit UVG...

Sundaram Finance Limited reports Exercise of Stock Options under Employee SchemeSundaram Finance Limited has confirmed the exercise of stock options granted under its Employee Stock Option Scheme—2008 (SFESOS). The details pertain to a specific grant relating to the company's 2023 ESOP Grant.The exercised options relate to one option holder and total 40 options, stemming from a grant made on May 26, 2023. These options were exercised on July 3, 2026.Key details of the stock option exercise are as follows:GrantDetailsDate of Grant26.05.2023Exercise Date3th July 2026No. of Option Holders1No. of Options40Following the exercise, Sundaram Finance Limited confirmed that suitable steps have been taken to facilitate...

Aarti Surfactants Approves Redemption of Preference Shares Aarti Surfactants Ltd has announced the approval for the redemption of its NonConvertible Redeemable Preference Shares (NCRPS) following a Board Meeting held on July 3, 2026.The company approved the redemption of 10,82,387 fully paid-up NCRPS, each having a face value of ₹ 10/-. The shares will be redeemed at a price of ₹ 167.70 per share. This redemption price includes the original face value of ₹ 10/- and a premium of ₹ 157.70.The preference shares carry an annualized return of 4% on the redemption price, which will be provided over a period of seven years.Management confirmed that the redemption will be paid out from the profits or retained earnings of the company...

Senco Gold Reports Robust Q1 FY27 Performance; Revenue Growth Reaches 60% Senco Gold Limited has reported robust growth across its business in the first quarter of fiscal year 2027 (Q1 FY27), driven by strong performance in revenue and sales across various segments, according to the company's business update.The Q1 FY27 results show significant expansion, with total revenue demonstrating a 60% growth Year-on-Year (YoY) and a 53% growth Quarter-on-Quarter (QoQ). Same-Store Sales Growth (SSSG) was reported at 38% YoY and 34% QoQ.The key operating metrics for Senco Gold Limited during Q1 FY27 are detailed below:ParticularsQ1FY27 ~ YoYQ1FY27 ~ QoQGold Price Rise62%1%Total Revenue Growth60%53%Retail Revenue Growth48%51%...

IDBI Bank Limited Reports Financial Metrics: Total Business Stands at 5,84,418 Crore in Provisional Figures IDBI Bank Limited has reported key operational metrics covering various periods, including total business, deposits, CASA deposits, and net advances. The provisional figures for June 30, 2026, show the bank's performance across several crucial banking segments.The financial summary, presented in Crore, details the status of the bank as of different reporting dates:Particulars30.06.2025 Audited31.03.2026 Audited30.06.2026 ProvisionalTotal Business5,08,6896,00,7895,84,418Total Deposits2,96,7823,47,1633,25,393CASA Deposit1,32,4671,54,8161,42,163Net Advances2,11,9072,53,6262,59,025The data indicates various...

Subsidiary Receives Multiple Orders from Hitachi Energy India Ltd for 400 KV Instrument Transformers Quality Power Electrical Equipments Ltd has seen its material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, secure multiple orders for the supply of 400 KV Instrument Transformers. The contracts have been awarded by Hitachi Energy India Limited.The assignment involves the domestic entity awarding a substantial order to the specialized subsidiary. These multiple orders are set to be executed over an estimated period of 12 months.Details regarding the contractual agreement, including the scale and terms of the business opportunity, are provided below:ParticularsDescriptionName of Awarding EntityHitachi...

Sammaan Capital Pays Interest on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited has made timely interest payments in relation to its Secured Redeemable Non-Convertible Debentures (NRCDs) issued through a public issue. The company confirmed the payment of the entire interest amount across various debenture tranches, maintaining their monthly repayment schedule.The debentures relate to two different issues, both having a fixed quarterly or monthly interest obligation. Sammaan Capital provided specific details regarding these payments for investors and stakeholders.Details pertaining to the issued NRCDs and corresponding interest payments are as follows:Sr. NoISINIssue Size (in INR lacs)FrequencyInterest...

RNIT AI Solutions Appoints Mr. Pradeep Yalamanchili as Vice President of Project Delivery RNIT AI Solutions Limited has appointed Mr. Pradeep Yalamanchili as its Vice President for Project Delivery, effective July 03, 2026. The appointment designates him as Senior Management Personnel and marks a key addition to the company's leadership team.The decision was made by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Mr. Yalamanchili will join RNIT AI Solutions on a whole-time employment basis, subject to the terms and conditions outlined in his appointment letter and the Company’s policies.Mr. Pradeep Yalamanchili brings approximately 20 years of experience in Program Management and...

Accord Transformer & Switchgear Acquires Land in Rajasthan for Business Expansion Accord Transformer & Switchgear Ltd has acquired land located in Khairthal, Rajasthan, with the purchase intended to support the company's long-term strategic growth and operational capabilities. The acquisition is part of a plan to expand manufacturing facilities, enhance warehousing, and build testing infrastructure.The total consideration for the land acquisition stands at 8.85 Crores (Eight Crore Eighty Five Lakh). Additionally, the company incurred expenses totaling 1.82 Crores (One Crore Eighty Two Lakh) related to commission and stamp duty charges associated with the purchase.This strategic land acquisition is set to strengthen Accord...

Energy Infrastructure Trust Announces Board Meeting for Unit Distribution and Sets Record Date The board of directors of EnCap Investment Manager Private Limited, acting as the Investment Manager of Energy Infrastructure Trust, has scheduled a meeting to consider and declare distributions to unitholders. The meeting is slated for Friday, July 10, 2026.This upcoming event will allow the Board to finalize matters pertaining to the distribution of units within the Trust. Furthermore, the record date designated for this potential distribution is Wednesday, July 15, 2026.The trust also provided details regarding its Code of Conduct for Prohibition of Insider Trading concerning its designated persons. The trading window for dealing in the...

IndusInd Bank Reports Key Operational Metrics: Net Advances and Deposits Show Trends Across Quarters IndusInd Bank Limited has provided an update on its key operational metrics, including Net Advances, total deposits, and the CASA ratio, for different reporting periods. The data highlights performance indicators across quarters ending in 2025, March 2026, and June 2026.The bank’s financial operations are summarized by the following metrics:ParticularsNet Advances (Rs. crores)Deposits 1 (Rs. crores)CASA Ratio (%)June 30, 20253,33,6943,97,14431.5%March 31, 20263,15,8713,99,93131.2%June 30, 20263,26,1714,14,99229.5%The reported figures show that Deposits 1 saw growth of 4.5% as of June 30, 2026, compared to June 30...

DCB Bank Holds 31st Annual General Meeting, Transacts Key Resolutions and Approves Dividend DCB Bank Limited held its 31st Annual General Meeting (AGM) on Friday, July 03, 2026. The meeting, which commenced at 02:30 P.M. (IST), concluded at 04:51 P.M. (IST) and included the transaction of several matters set out in the AGM Notice dated June 05, 2026.The members transacted all items of business contained in the notice, which were unanimously passed with the requisite majority. Directors and Key Managerial Personnel of the Bank were present at the meeting. The AGM was chaired by Mr. Pushan Mahapatra, Non-Executive - Part-Time - Chairman and Independent Director.During the proceedings, the Chairman delivered a speech outlining the...

Can Fin Homes Appoints Shailesh Kumar Singh as Whole Time Director; Role Designated as Deputy Managing Director Can Fin Homes Limited has appointed Shri Shailesh Kumar Singh as an Additional Director in the category of Whole Time Director, who will be designated as the Deputy Managing Director. This appointment is effective from July 3, 2026, following approval by the Reserve Bank of India (RBI).The company announced that Shri Shailesh Kumar Singh has been appointed to the Board of Directors for a term not exceeding three years, in accordance with RBI directions governing Non-Banking Financial Companies and Housing Finance Companies.In addition to the appointment itself, details regarding Mr. Singh’s professional background were...

GenXAI Analytics Approves Financial Results for FY26; Announces Appointments and Strategic Developments GenXAI Analytics Limited has announced the results of its Board meeting, during which it considered and approved its Standalone and Consolidated Audited Financial Results for the half year and full year ended on March 31, 2026. The company also finalized the appointment of an Internal Auditor for the upcoming financial year.The comprehensive financial reports, including Balance Sheets and Cash Flow Statements, were subject to audits by S K Patodia & Associates LLP, who issued an unmodified opinion on both the Standalone and Consolidated Financial Results.Key Corporate Decisions and Appointments The Board of Directors held a...

Indian Card Clothing Company Sells Commercial Property in Pune for Rs 13.2 Crore Indian Card Clothing Company Limited has successfully concluded the sale of a commercial property located in Pune, Maharashtra, securing a consideration of Rs 13,20,00,000/-. The transaction was finalized on July 3, 2026.The company executed a Deed of Assignment for the sale of its commercial unit, which holds an aggregate built-up area of approximately 9,600 sq. ft. The property is situated at S. No. 87/1A, Plot No. 1, Survey No. 87 (Part), Village Baner, Taluka Haveli, District Pune, Maharashtra, and was located in the "Amar Business Zone."M/s. Balaji Constro Realtech LLP was identified as the buyer for this asset. The Deed of Assignment was duly...