Markets

Banaras Beads Ltd Schedules Board Meeting to Approve Un-audited Financial Results for Quarter Ended June 30, 2026 Banaras Beads Ltd announced that its Board of Directors will convene a meeting to review and approve the standalone un-audited financial results for the quarter ended June 30, 2026.The meeting is scheduled for Thursday, July 23, 2026, at 11:30 A.M. The meeting will be held at the company's Registered Office located at A-1, Industrial Estate, Varanasi.The primary agenda item set for the Board of Directors includes considering and approving the standalone un-audited Financial Results of the company for the quarter ended June 30, 2026. The meeting will also transact other related matters.In terms of market trading...

Kinetic Engineering Ltd Receives BSE Listing Approval for Preferential Issue to Promoters Kinetic Engineering Ltd has received listing approval from the Bombay Stock Exchange (BSE) regarding the issuance of equity shares to its promoters. The approval pertains to 31,00,000 equity shares offered on a preferential basis following the conversion of warrants.The BSE confirmed the granting of listing permission for these newly issued shares, enabling them to be traded on the Exchange. The shares were offered with a face value of Rs. 10 and carried a premium of Rs. 161 per share, designated for the company’s promoters.This transaction marks a significant event in the company's capital structure. Key details of the preferential issue are...

Devson Catalyst SME IPO Jumps Past 14x Subscription; Retail and NII Investors Lead Rally Ahead of Listing The Initial Public Offering (IPO) of Devson Catalyst Limited is demonstrating exceptional investor interest, with the issue crossing a formidable subscription level on the second day of bidding. As of mid-day on July 10, the SME IPO has been subscribed over 14 times on the BSE.The strong demand reflects significant confidence in the company's foundation and market positioning. The offering sought shares against a total available pool, attracting a response that signals robust enthusiasm from retail and non-institutional investor categories.IPO Subscription Details Surge Above 14xOn July 9, Devson Catalyst opened its SME IPO to...

Navneet Education Receives Tax Summons Regarding Input Tax Credit Inquiry Navneet Education Ltd has received a summons from tax authorities concerning an inquiry related to Input Tax Credit (ITC) and the balance in its Electronic Credit Ledger. The investigation is being conducted under the provisions of the Central Goods and Services Tax Act, 2017, and the Punjab Goods and Services Tax Act, 2017.The company was directed by the authorities to appear before the concern office to provide evidence and/or documents in connection with this inquiry. The investigation specifically pertains to an Input Tax Credit balance amounting to ₹ 81,93,942/- maintained under Section 49 of the aforementioned Acts.According to the details provided...

United Drilling Tools Secures Order from Baker Hughes for Winch Accessories United Drilling Tools Limited has secured an order from M/s Baker Hughes Singapore Pte., marking a significant commercial contract in the Oil and Gas Industry. The order is related to the supply of specialized Winch Accessories, confirmed by the company's management.The contract details indicate that Baker Hughes is the awarding entity for the order. This commercial transaction falls under an international agreement, with United Drilling Tools Limited set to execute the contract within 30 days.Details concerning the newly awarded contract are summarized below:ParticularsDetailsEntity Awarding OrderBaker HughesNature of TransactionCommercial...

Elecon Reports Resilient Q1 FY27 Performance, Driven by Gear Division Growth and Strong Order Book Visibility Elecon Engineering Company Limited, a major industrial gear solution provider in Asia, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported consolidated revenue of ₹521 crores, achieving an EBITDA margin of 21.0%, reflecting disciplined execution and operational resilience despite global uncertainties.The consolidated performance metrics stand as follows:Consolidated Revenue: ₹ 521 crores EBITDA: ₹ 109 crores PAT: ₹ 70 crores (yielding a PAT margin of 13.5%) Consolidated Order Intake: ₹ 755 crores Consolidated Open Order Book: ₹ 1,518 crores as of June 30, 2026Divisional...

Supreme Infrastructure India Posts Strong Financial Turnaround, Restores Positive Net Worth Mumbai, July 10, 2026 — Supreme Infrastructure India Limited (SIIL), a leading provider of integrated engineering and construction solutions, announced its financial results for the fourth quarter and the full financial year ended March 31, 2026. The results highlight significant progress in the Company's turnaround journey, reflecting successful strategic initiatives aimed at strengthening its financial health, optimizing capital structure, and resolving legacy liabilities.The sustained efforts by management have resulted in a substantial improvement in the company’s financial standing, leading to the restoration of positive net worth and...

Bharat Heavy Electricals Announces 62nd AGM; Re-appoint Directors, Declares Dividend for FY 2025-26 Bharat Heavy Electricals Ltd (BHEL) announced that its members will attend the 62nd Annual General Meeting (AGM) on Wednesday, August 5, 2026. The meeting is scheduled at 10 A.M. IST and will be conducted via Video Conferencing/Other Audio-Visual Means.The AGM agenda includes the adoption of financial statements for the financial year ended March 31, 2026, approval and declaration of a dividend for FY 2025-26, and several appointments and re-appointments.One of the key resolutions is the declaration of a final dividend of 70% on the Paid-up Equity Share Capital of the Company for FY 2025-26. This translates to Rs. 1.40 per share out...

South West Pinnacle Exploration Limited Allots 2.82 Million Equity Shares Following Warrant Conversion South West Pinnacle Exploration Limited has completed the allotment of equity shares subsequent to the conversion of warrants, resulting in a significant increase in its paid-up capital. The company approved the issuance of 2,821,411 fully paid-up equity shares, which were purchased at a price of Rs. 132.20 per share.The transaction, finalized following the Board meeting held on July 10, 2026, saw the company receive aggregate consideration of Rs. 279,742,900 from allottees who exercised their right to convert warrants into equity shares. This amount represents the balance consideration, which was set at 75% of the issue price per...

Acquirers Assume Control of Grameva Ltd Following Successful Open Offer The Board of Directors of Grameva Limited announced that a successful Open Offer has been completed, resulting in the transfer of control and shareholding in the company. This change was formalized during a Board meeting held on Friday, July 10, 2026.According to the outcome of the meeting, Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited (formerly known as Ros Insurance Advisors Private Limited) concluded the Open Offer process. The Acquirers successfully acquired a substantial shareholding and control over Grameva Ltd., bringing them into the role of Promoter Group.Effective from July 10, 2026, the Acquirers have...

Mangalam Global Enterprise Expands Retail Footprint with Launch of Two New "NEAT EVERYDAY" Stores Mangalam Global Enterprise Limited announced a significant expansion milestone in its wellness and beauty division, marking the inauguration of two new retail stores under its "NEAT EVERYDAY" brand on July 10, 2026.The company unveiled the new locations which are situated at Gami Reagan, Ghansoli, Navi Mumbai and Godrej Urban Park, Chandivali, Mumbai. These additions extend Mangalam Global Enterprise Limited's existing retail network, catering to consumers in key metropolitan areas.The newly opened "NEAT EVERYDAY" stores are dedicated centers for promoting holistic well-being. They will offer a curated range of nutraceutical, wellness...

Cosmo First Ltd Releases Sustainability Report Highlighting Operational Footprint and ESG Commitments for FY 2025-26 Cosmo First Limited has published its Business Responsibility and Sustainability Report covering the financial year 2025-26. The report provides a detailed look into the company's operations, stakeholder engagement, environmental management, and adherence to various responsible business conduct guidelines.The company operates as a manufacturer of flexible packaging films, which accounts for 98% of its turnover. Cosmo First Limited maintains three plants across India (two in Maharashtra and one in Gujarat). The company serves both national and international markets, with over 100 countries being served internationally...

Cosmo First Ltd Announces Final Dividend of Rs 4 Per Share for FY 2025-26 Cosmo First Limited announced details regarding the payment of a final dividend for the Financial Year (FY) 2025-26, along with guidelines pertaining to Tax Deduction at Source (TDS) on dividend payouts.The Board of Directors approved the payment of a final dividend of Rs 4/- per equity share, which has a face value of Rs 10/- each, for FY 2025-26. This dividend is scheduled to be paid subject to the approval of shareholders at the upcoming 49th Annual General Meeting (AGM), set for August 05, 2026. The record date for the payment of this final dividend has been set as Wednesday, July 22, 2026.The company released a communication to shareholders detailing the...

High Alcohol Drug Formulations Face Strict Scrutiny as Government Tightens Regulations to Curb Misuse The Ministry of Health and Family Welfare has issued significant amendments to the Drugs Rules, 1945, marking a major step in strengthening oversight over medicinal products containing high concentrations of ethyl alcohol. The regulatory shift aims specifically at preventing the diversion and misuse of certain high-alcohol drug formulations across India.Previously, many specialized medicinal preparations, such as tinctures of cardamom and ginger, were exempted from licensing requirements under Schedule K. Some of these formulations contained dangerously high levels of ethyl alcohol, reportedly reaching concentrations of 80 to 90% v/v...

Emirates Tel Sells Stake in Vodafone in $6 Billion Deal as Telecom Shakeup Speeds Up Major Telecom Restructuring: Emirates Tel Divests Vodafone Stake Emirates Telecommunications Group Co. has finalized a significant divestiture of its stake in Vodafone Group Plc. The deal, valued at nearly $6 billion, sees the carrier offload its entire holding of more than 16% of the global telecom giant. This move marks a major shift in the strategic landscape of multinational telecommunications holdings.The transaction involves selling the company's complete interest in Vodafone to an entity controlled by the family of French billionaire Xavier Niel. The acquisition solidifies the presence of the Niel family within key European market...

Abhishek Integrations Limited Approves 1:1 Bonus Issue and Appoints New Statutory Auditors Abhishek Integrations Limited announced key corporate decisions following the meeting of its Board of Directors held on July 10, 2026. The Board approved a bonus share issue to existing equity shareholders and appointed M/s. Nilesh K. Agrawal & Co. as the Statutory Auditor for five years.The Board meeting concluded that included considering the company’s Directors' Report and Management Discussion and Analysis for the fiscal year ended March 31, 2026.Bonus Issue Details and Financial Structuring The approved bonus issue allows existing shareholders a ratio of 1:1, meaning one new fully paid-up Equity Share for every one existing equity share...

Delhivery Faces Tax Demand and Penalty Following GST Order from Maharashtra Authority Delhivery Limited has received an order under Section 74 of the CGST/Maharashtra GST Act, 2017, resulting in a significant tax demand and penalty. The order was issued by the Office of the Assistant Commissioner CGST - Maharashtra.The official notification confirmed that the matter relates to Financial Year (FY) 2020-21. The tax demand is set at ₹ 29,54,358/-, with an equal penalty amount imposed on the company.Key details regarding the order and its impact are summarized below:AreaDetailsAuthorityOffice of the Assistant Commissioner CGST - MaharashtraDate of Order ReceiptJuly 09, 2026Violation DetailThe demand is based on the...

Sensex Holds Firm at Key Levels as Profit Booking Cools Momentum After Major Surge Market Benchmarks Post Gains Amid Cooling Profit Booking Indian equity markets saw a slight consolidation during the late morning trading on July 10th. The benchmark indices, Sensex and Nifty, managed to post gains despite profit booking emerging aggressively at elevated levels over the previous sessions. This demonstrated underlying market strength as investors absorbed short-term selling pressure.At 11:38 am, the Sensex stood at 77,392.60, marking a gain of 650.78 points or 0.85%. The Nifty followed suit, trading at 24,157.30, with an increase of 194.50 points or 0.81%.Corporate Earnings and Sectoral Trends Drive Indices The market's ability to...

Delhivery Limited Confirms GST Order Resulting in Tax Demand and Penalty Delhivery Limited has received an order from the Assistant Commissioner CGST - Maharashtra regarding a tax demand, confirming penalties related to Input Tax Credit disallowance for Fiscal Year 2020-21.The company confirmed that the order was passed under Section 74 of the CGST/Maharashtra GST Act, 2017. The details concerning the action taken against the listed entity have been formalized.According to the findings related to the demand, which was received on July 09, 2026, the violation pertains to the disallowance of input tax credit.The outcome of the GST order for Delhivery Limited is summarized as follows:AspectDetailAuthorityOffice of the...

Halder Venture Ltd Receives In-Principle Approval for Issue of Convertible Warrants Halder Venture Limited announced that it has received In-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the issuance of convertible warrants. The warrants are intended for non-promoters on a preferential basis.The company secured the in-principle approvals from both exchanges, dated July 09, 2026, to proceed with the issue of up to 7,93,650 warrants. These warrants are structured to be convertible into 7,93,650 Equity shares of Rs. 10/- each. The offer mandates that the subscription price for these equity shares must be no less than Rs. 315/- per share.The preferential allotment is set to target...