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Control Print Limited's Credit Ratings Migrated by CRISIL Following Withdrawal Process Control Print Limited has seen its credit ratings migrated by CRISIL Ratings Limited for its bank facilities, according to recent updates detailing the status of the company's facilities.CRISIL Ratings Limited has assigned BB INC/Stable for Control Print Limited’s long-term bank facilities. For short-term bank facilities, the rating provided is CRISIL A4+ INC.The migration occurred as part of the process initiated by Control Print Limited to withdraw its credit ratings from CRISIL. Consequently, the company did not submit a Non-Default Statement to CRISIL, leading directly to the shift in the assigned categories for these facilities.CONTROLPR...

Ballarpur Industries Ltd Board Meeting Set to Consider Issuance of Up To ₹100 Crores in Debt SecuritiesBallarpur Industries Ltd has scheduled a Board meeting for Tuesday, July 14, 2026. The primary agenda item for the meeting is considering and potentially approving the issuance of Non-Convertible Debentures (NCDs).The company plans to consider issuing Listed, Rated, Unsecured, Non-Convertible Debentures. If approved by the Board of Directors, the issuance would encompass 100 debentures, each valued at INR 1 Crore. The total aggregate value under consideration is up to ₹ 100 Crores.The proposed debt instrument details are as follows:FeatureDetailsIssuing CompanyBallarpur Industries LtdDate of Board MeetingJuly 14, 2026...

Amit International Ltd Presents Statement on Impact of Audit Qualifications for FY 2025-2026 Amit International Ltd has released its Statement on the Impact of Audit Qualifications concerning the financial year ended March 31, 2026. The statement, which details various audit qualifications related to the company's financials, was issued in relation to the audit report provided by Vinod SS Mehta & Co.The document provides management’s views and explanations regarding each audit qualification, along with the quantified or qualitative impact on the financial statements of the company.Financial Overview (FY ended March 31, 2026) Management has reviewed the key financial metrics for the period as detailed in the statement:MetricValue...

Sanstar Limited Receives Listing Approval for Preferential Allotment of New Equity Shares Sanstar Limited has received approval for the listing and trading of a new tranche of equity shares allotted on a preferential basis. The company successfully completed the transaction, with trading of the newly issued securities commencing from Friday, July 10, 2026.The issue involves 180,24,157 equity shares of Sanstar Limited. These shares were issued to Corn Products Development Inc., a non-promoter, at an issue price of Rs. 110 per share. Each share has a face value of Rs. 2 and was allotted with a premium of Rs. 108.The allotment process for these securities was completed on June 24, 2026. The new equity shares have been ranked pari-passu...

Mid East Portfolio Management Ltd Alters Memorandum of Association, Expanding Business Scope Across Agriculture, Technology, and Finance Mid East Portfolio Management Ltd has undertaken a significant alteration to its Memorandum of Association, encompassing an extensive range of new business objects. The changes were approved during a Board meeting held on July 9, 2026, and also included the approval of a Postal Ballot notice for shareholders and the appointment of a Scrutinizer.The company has expanded its scope across multiple sectors, including agri-ventures, technology services, financial advisory, infrastructure development, and media operations.Key Amendments to Business Objects The amended objects detail nearly two dozen new...

Apollo Micro Systems Acquires Stake in Premier Explosives Limited, Initiates Open Offer Apollo Micro Systems Limited has entered into a Share Purchase Agreement (SPA) for the acquisition of a significant stake in Premier Explosives Limited, simultaneously launching a mandatory open offer. The transaction is part of a strategic move to build an integrated defense ecosystem under India's Aatmanirbhar Bharat and Make in India initiatives.Under the terms of the SPA, Apollo Micro Systems Limited (the Acquirer) has agreed to purchase 2,22,21,735 equity shares from Mrs. Shonika Prasad and Mrs. Kailash Gupta, acting as authorized trustees of the AKS Family Trust (the Promoter). These shares represent 41.33% of the issued, subscribed, and...

Bombay Dyeing and Manufacturing Company Announces 146th Annual General Meeting; AGM Scheduled for August 7 The Bombay Dyeing and Manufacturing Company Limited has announced that its 146th Annual General Meeting (AGM) is scheduled to take place on Friday, August 7, 2026. The meeting is set for 11:30 AM IST and will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).The AGM is intended to transact business detailed in the notice that was issued on May 8, 2026.In connection with the upcoming meeting, the company has made available the Notice of the 146th AGM along with the Annual Report for the Financial Year 2025-26.Members can access the required documents through a designated web link provided by the...

Gujarat Kidney and Super Speciality Ltd Acquires 51% Stake in UAE Polyclinic; Appoints Independent Director Gujarat Kidney and Super Speciality Ltd announced significant strategic developments following its Board of Directors meeting on July 9, 2026. The company approved the acquisition of a majority stake in an entity based in the UAE, appointed a new independent director, and plans to conduct a postal ballot for shareholders regarding changes to its IPO objects.Acquisition of Blue Tree Clinics LLC The Company has entered into a Stock Purchase Agreement to acquire a 51% stake in Blue Tree Clinics LLC, a polyclinic licensed in Dubai, United Arab Emirates. The acquisition is intended to expand the company’s operations into a new...

Kotak Mahindra Bank Recommends Dividend of Rs 0.65 Per Share; Notes TDS Provisions for FY 2026-27 Kotak Mahindra Bank Limited has announced a dividend recommendation of Rs 0.65 per Equity Share for shareholders, following the Board of Directors meeting held on May 2, 2026. The dividend is subject to shareholder approval at the forthcoming 41st Annual General Meeting (AGM), which is scheduled for Saturday, August 1, 2026.The Bank has specified that if the dividend is declared at the AGM, shareholders holding Equity Shares as of the Record Date, set for Friday, July 17, 2026, will be entitled to the payout.In light of current regulations under the Income-tax Act, 2025 (IT Act), the distributed dividend income will be taxable in the...

Cosmic CRF Ltd Receives Prototype Approval for Hot Coiled Helical Springs from RDSO Cosmic CRF Ltd has confirmed that its operations, through subsidiary M/s Cosmic Springs and Engineers Limited, have secured Prototype Approval from the Research Designs & Standards Organisation (RDSO), Ministry of Railways, Government of India. This approval pertains to the company's Hot Coiled Helical Springs designated for Freight Stock, marking a significant development in the railway component manufacturing sector.The approval was granted following a communication dated July 6, 2026, and confirms that the springs conform to RDSO Specification No. WD-01-HLS-94 (Rev.-5). This milestone is expected to bolster the business prospects of Cosmic CRF Ltd...

Brandbucket Media & Technology Ltd Board Meeting Approves Director Appointment and Reviews DGGI Penalty NoticeBoard meetings held by Brandbucket Media & Technology Ltd resulted in several key operational updates, including the appointment of a new director, review of a regulatory notice from the Directorate General of Goods and Services Tax (DGGI), and postponement of financial result approvals.The company confirmed the appointment of Mr Ajay Das (DIN 11812819) as an Additional Director of the Company, effective from July 8, 2026. This appointment is subject to regularization at the upcoming Annual General Meeting (AGM) or Extraordinary General Meeting (EGM).The Board received and thoroughly reviewed a show-cause notice issued by...

Can Fin Homes Confirms CP Proceeds Used for Working Capital Needs, Details Q1 Issuances Can Fin Homes Ltd. has certified that the proceeds from its Commercial Paper (CP) issuances are being utilized specifically to meet the company's working capital needs and onward lending purposes, a utilization certificate covering the first quarter ending June 30, 2026.The company confirmed adherence to all stipulated listing conditions related to the issuance of Commercial Paper. Furthermore, the Chief Financial Officer certified that the asset classification status of fund-based facilities from banks and financial institutions remains "Standard." A key declaration noted in the certificate is that there has been no material change in the...

Bajaj Finserv Provides Operational Update on General and Life Insurance Subsidiaries Bajaj Finserv Limited has reported key operational metrics for its unlisted insurance subsidiaries, Bajaj General Insurance Limited and Bajaj Life Insurance Limited, detailing performance across various categories.The update provides a comparative view of both monthly achievements and cumulative figures up to June 2026 for the two companies.Gross Direct Premium Underwriting in General Insurance Bajaj General Insurance Limited saw specific growth in its premium underwriting base during June 2026 compared to the previous year.The gross direct premium data is summarized below:ParticularsForthe Month June 2026 (₹ crore)Forthe Month June 2025 (₹...

Apollo Micro Systems Acquires 41.33% Stake in Premier Explosives for Defence and Space Programmes Apollo Micro Systems Limited, a pioneer in defence technology with 41 years of experience, has entered into a definitive share purchase agreement with Premier Explosives Ltd (PEL). The strategic acquisition is intended to combine complementary capabilities in defence systems and energetic materials, enhancing both companies' participation in national defence and space programmes.The transaction involves Apollo Micro Systems acquiring promoter shares representing 41.33% of Premier Explosives Limited for approximately INR 1550 Crores in an all cash deal. Premier Explosives Ltd is a leading manufacturer focused on High Energy Materials...

Sagility Limited Board Recommends Re-appointment of Director Hari Gopalakrishnan Sagility Limited has recommended the re-appointment of Mr. Hari Gopalakrishnan, who is eligible to retire by rotation, as a NonExecutive, Non-Independent Director of the company. This recommendation was made by the Board of Directors during its meeting held on July 9, 2026.The appointment is proposed for the ensuing Annual General Meeting and relates to Mr. Gopalakrishnan's eligibility to be reappointed in terms of Section 152(6) of the Companies Act, 2013.Mr. Hari Gopalakrishnan possesses over 16 years of professional experience. He has been associated with Baring Private Equity Asia (BPEA) since 2007 and currently serves as a partner and global...

Sterling and Wilson Renewable Energy Ltd Schedules Board Meeting to Review Q1 Financial Results Sterling and Wilson Renewable Energy Limited has scheduled a meeting of its Board of Directors to review the financial performance for the quarter ending June 30, 2026. The meeting is set for Thursday, July 16, 2026.The primary agenda item for the Board includes considering and approving the Unaudited (Consolidated and Standalone) Financial Results of the Company pertaining to the specified quarter.In terms of market trading activity, the company has confirmed the status of its insider trading window. The designated period for dealing in securities by Designated Persons and their immediate relatives was closed starting from Wednesday...

Mohini Health & Hygiene Completes Major Payment Under Resolution Plan for Winsome Yarns Mohini Health & Hygiene Limited has successfully completed a significant payment obligation under the Resolution Plan for its client, Winsome Yarns Limited. The company settled an amount of Rs 142.90 Crores as part of the proceedings related to the Corporate Debtor.The successful payment was executed through Dhananya Capital Private Limited, a Special Purpose Vehicle (SPV) and controlled subsidiary of Mohini Health & Hygiene Limited. This payment fulfills obligations stipulated under the Resolution Plan that was approved by the Hon'ble National Company Law Tribunal (NCLT), following approval dated April 16, 2026.In accordance with the terms set...

Federal Bank Receives First International Investment Grade Issuer Ratings from S&P Global Ratings Mumbai, July 9, 2026 –Federal Bank has received its inaugural international issuer credit ratings from S&P Global Ratings. The assignment includes a Long-Term Issuer Credit Rating of BBB- and a Short-Term Issuer Credit Rating of A-3. This rating places the Bank in the global investment-grade category, marking a significant milestone in its institutional evolution.The S&P designation reflects an independent assessment of Federal Bank’s credit profile. The bank's commitment to disciplined risk management, sound capitalization, diversified funding, and consistent financial performance was underscored by the rating agency.As one of India's...

Apollo Micro Systems Acquires 41.33% Stake in Premier Explosives Limited for INR 1,550 Crores Apollo Micro Systems Limited has executed a Share Purchase Agreement (SPA) for the acquisition of equity shares in Premier Explosives Limited (PEL), a company involved in manufacturing solid propellants for missile programs and supplying countermeasure systems to Indian defense. The deal grants Apollo Micro Systems control over the Target Company, aligning with its long-term objective to build an integrated, end-to-end indigenous defense platforms ecosystem under the Aatmanirbhar Bharat and Make in India initiatives.The acquisition involves the purchase of 2,22,21,735 Equity Shares of PEL from its promoter shareholders for a consideration of...

UCO Bank Revises Key Benchmark Rates Following ALCO Review; MCLR and TBLR Rates Updated UCO Bank has revised several key benchmark rates following a review by its Asset Liability Management Committee (ALCO). The revisions, which include adjustments to Marginal Cost of Lending Rate (MCLR), Target Bank Loan Rate (TBLR) linked rates, and Government Securities (G-Sec) linked rates, are effective from July 10, 2026.The ALCO reviewed the existing benchmark rates and decided upon revisions across various tenors. The updated MCLR rates are detailed as follows:MCLR TenorExisting RateMCLR w.e.f. 10.07.2026Overnight7.90%7.90%One month8.15%8.20%Three month8.40%8.45%Six month8.65%8.70%One year8.75%8.80%Update on Other...