Markets

Lokesh Machines Ltd Removed from US Treasury's OFAC SDN List Lokesh Machines Limited has been removed from the Specially Designated Nationals and Blocked Persons (SDN) List maintained by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC).The removal, which was formalized on June 30, 2026, is part of OFAC's public notice regarding amendments to the SDN List. The action affirms that Lokesh Machines Limited is no longer designated under Executive Order 14024.The removal followed a review process involving engagement between the Ministry of External Affairs, Government of India, and relevant authorities within the U.S. Treasury and the U.S. Department of State. Following this review, OFAC formally...

Anlon Healthcare Incorporates ANLON MEDICARE to Expand into Surgical Implants Market Anlon Healthcare Limited has established a new venture through the incorporation of ANLON MEDICARE PRIVATE LIMITED, marking a significant step in its strategy to expand operations and diversify into specialized medical products. The subsidiary was incorporated on July 09, 2026.This move is aimed at strategically complementing Anlon Healthcare’s existing business within the pain management segment. By establishing this new entity, the company intends to leverage opportunities arising from the rapid growth observed in both domestic and international markets for specialized medical devices.ANLON MEDICARE PRIVATE LIMITED has been created with the...

Rane Madras Ltd Bank Loan Facilities Receive Rating Upgrades from CRISIL Rane (Madras) Limited has seen its bank loan facilities receive upgraded credit ratings from CRISIL Limited, according to a rating announcement made on July 09, 2026. The upgrades pertain to the company’s long-term and short-term debt instruments, which collectively stand at Rs. 1,085 Crore.CRISIL provided the revised ratings based on continuous surveillance of the company’s financial standing.The ratings for the facilities are as follows:Facility TypeCurrent RatingUpgraded FromLong-Term FacilitiesCRISIL AA-/StableCRISIL A+/StableShort-Term FacilitiesCRISIL A1+CRISIL A1Rane Madras Limited has a total of Rs. 1,085 Crore in bank loan facilities...

Kotak Bank Completes Share Sub-division; Shareholders Urged to Submit KYC Details and Claim New Shares Kotak Mahindra Bank Limited has completed a significant equity share sub-division, affecting holders of physical securities. The Bank is simultaneously calling upon these shareholders to submit mandatory Know Your Customer (KYC) details and take necessary steps regarding their updated shareholding status.The Bank confirmed the completion of the sub-division in January 2026. Under this change, one existing equity share, which had a face value of Rupees Five only (Rs 5/-), was divided into five new equity shares, each bearing a face value of Re 1/- (Rupee One only).The completed split requires shareholders holding physical securities...

JSW Cement Ltd Announces AGM Details and Makes Integrated Annual Report Available for FY 2025-26JSW Cement Limited has announced key details regarding its upcoming Annual General Meeting (AGM) while making the Integrated Annual Report for the Financial Year 2025-26 available to stakeholders.The company informs shareholders that the notice of the 20th Annual General Meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The AGM is scheduled to take place on Friday, July 31st, 2026, at 12:00 Noon IST.The Notice of the AGM, along with the Integrated Annual Report for Fiscal Year 2025-26, has been distributed electronically. These documents are accessible on the company’s website.For those members...

Sancode Semi Secures 20 Acres of Land for Semiconductor OSAT Facility in Odisha Sancode Technologies Ltd's wholly-owned subsidiary, Sancode Semi Private Limited, has received approval from the Odisha Industrial Infrastructure Development Corporation (IDCO) for a significant land allotment. The approval concerns 20 acres of industrial land located at Infovalley - II, District Khurda, Odisha.This strategic piece of real estate is allocated for establishing the company's planned Semiconductor OSAT (Outsourced Semiconductor Assembly and Test) manufacturing facility in the state of Odisha.The land allotment marks a crucial milestone toward the implementation of Sancode’s semiconductor manufacturing project within Odisha. The approval by...

NCLT Sanctions Scheme of Amalgamation of Embellish Houses into Godrej Properties Ltd The National Company Law Tribunal (NCLT) has sanctioned the Scheme for the amalgamation of Embellish Houses Private Limited with Godrej Properties Limited. The order, pronounced by the Tribunal on July 8, 2026, allows the scheme, which involves consolidating operations and structure between the two companies.The amalgamation benefits include the consolidation of the real estate business, ensuring a streamlined group structure, reducing regulatory complexities, and achieving operational efficiencies. By pooling technical resources, personnel, capabilities, skills, and expertise, the move aims to reduce administrative costs and facilitate cost reduction...

IKS Health Completes Acquisition of TruBridge, Positioning Combined Entity in Rural Care Market IKS Health, a global leader in care enablement solutions, has successfully completed the acquisition of TruBridge, Inc. Following the transaction, which was previously announced, TruBridge will operate as a wholly owned subsidiary of IKS Health. TruBridge is recognized as a key provider of healthcare technology specializing in electronic health record (EHR) and revenue cycle management solutions specifically designed for rural and community hospitals.The acquisition positions the combined organization to serve as the technological backbone for care across both rural and community settings, addressing the acute need felt by these facilities...

Cupid Breweries Announces Q1 Financial Results, Updates Acquisition Status, and Authorizes Strategic Fund-Raising Initiatives Cupid Breweries And Distilleries Ltd has released its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company's Board of Directors utilized the meeting on July 9, 2026, to approve the results, review strategic operational updates, and authorize initiatives related to future fund-raising and international collaboration.The management outlined a roadmap focused on strengthening commercialization and acquiring operational units through proposed fundraising efforts. Furthermore, the company reviewed the status of the Gopalpur Unit acquisition from United Spirits...

Magnus Steel and Infra Ltd Schedules Board Meeting to Discuss Fund Raising Opportunities Magnus Steel and Infra Ltd, formerly known as Magnus Retail Limited, has scheduled a crucial meeting of its Board of Directors to discuss strategies for augmenting the company's financial resources. The Board meeting is set to take place on Tuesday, July 14, 2026, at the registered office of the Company.The primary business item slated for consideration during the board meeting involves methods for funds raising. The Board is expected to examine various options, including preferential allotment, right issue, Qualified Institutional Placements (QIP's), ADR GDR, FCCB, or any combination thereof.In addition to financial matters, the agenda includes...

Sandur Manganese & Iron Ores Limited Approves Diversification Strategy, Plans Entry into Hospitality and Medical Devices Sandur Manganese & Iron Ores Limited has announced a significant strategic move aimed at bolstering its market presence and enabling exploration of diverse business opportunities. Following a Board meeting held on July 9, 2026, the company accorded approval for adopting a new Group name and logo to support its long-term vision.The company intends to expand into several new lines of business. These sectors include Hospitality; Academy (covering education, sports, infrastructure, training/coaching, and connected businesses); and Medical Devices and Consumables Manufacturing.These proposed ventures will be conducted...

Rappid Valves Reports Q1 FY27 Business Update: Revenue Climbs 28% as Naval Programme Wins SurgeRappid Valves (India) Limited, a specialized precision-engineered manufacturer of industrial and marine valves, has announced its business update for the quarter ended June 30, 2026 (Q1 FY27). The company, which serves critical sectors including Marine, Defence, Shipbuilding, Oil & Gas, Chemical, and Power industries, highlighted robust operational performance alongside strategic capacity enhancements.The Q1 FY27 results showed solid growth in the operational revenue for Rappid Valves.MetricDetailsRevenue from Operations (Q1 FY27)₹ 14.87 Crore (Up ~28% Year-over-Year)Executable Order BookApproximately ₹40 Crore (Up ~60%...

One 97 Communications Partners with Flip in Indonesia for Market Expansion One 97 Communications Ltd, commonly known as Paytm, has entered into a partnership with Indonesian technology company Flip (PT Fliptech Lentera Inspirasi Pertiwi) and its subsidiary PT Duta Teknologi Kreatif (DTK) to expand services in the Indonesian market.The collaboration involves arrangements where the Company and its subsidiaries will provide device hardware and necessary technology to DTK. Furthermore, Paytm has made a minority investment in DTK.Flip, an established financial services technology company based in Indonesia, will take the lead role in local market execution within this partnership structure.DTK holds a PJP1 license, which grants it the...

Moxsh Overseas Educon Limited Allocates 79,933 Equity Shares Following Warrant Conversion Moxsh Overseas Educon Limited has finalized the allotment of equity shares following a board meeting held on July 09, 2026. The company approved the issuance of 79,933 new equity shares as a result of warrant holders exercising their conversion rights.The Board of Directors of Moxsh Overseas Educon Limited sanctioned the allotment of 79,933 equity shares, each with a face value of Rs. 10/-. The shares were allotted at an issue price of Rs. 80/- per share, which includes a premium of Rs. 70/- per equity share.The issuance was conducted for cash and represented the receipt of the remaining exercise price of Rs. 60/- per warrant, constituting 75%...

Samyak International Ltd Holds EGM to Approve Issuance and Allotment of 40 Lakh Shares and Warrants Samyak International Ltd conducted an Extra-Ordinary General Meeting (EGM) on Thursday, July 09, 2026. The meeting was held via Video Conference (VC) or Other Audio Visual Means (OAVM) and was convened to address major corporate transactions concerning equity issuance and allotment.Mr. Sunit Jain presided over the EGM. The management team present at the meeting included Mr. Shantilal Jain (Whole-time Director), Mrs. Neha Jain (Non-Executive Women Director & CFO), Mr. Ankit Joshi (Independent Director), Mrs. Kriti Bhandari (Independent Director), and Mrs. Ragini Chaturvedi (Independent Director). CS Nancy Jain was also present as Company...

Nandani Creation Limited Announces Board Restructuring: New Independent Directors Appointed and Key Executives Reappointed Nandani Creation Limited has undertaken significant changes to its board composition, announcing the cessation of several long-serving independent directors, the appointment of three new independent directors, and the re-appointment of key management personnel. These decisions were approved during a Board meeting held on July 9, 2026.The company confirmed that Mr. Gagan Saboo, Mr. Gourav Jain, and Mr. Neetesh Kabra will cease to be Independent Directors. Their tenure completion is slated for August 14, 2026, following two consecutive terms of five years each.New Appointments and Reappointments The Board approved...

K. Rajavel Resigns from Sical Logistics Ltd CFO Role to focus on Subsidiary Company Sical Logistics Ltd has confirmed the resignation of Mr. K. Rajavel from his position as Chief Financial Officer (CFO) and Key Managerial Personnel. The transition was effective from the close of business hours on July 09, 2026.Mr. Rajavel tendered his resignation to dedicate his full attention to the role of Chief Financial Officer at Sical Multimodal and Rail Transport Limited, a material subsidiary of Sical Logistics Ltd.The details regarding this organizational change are as follows:AreaDetailsIndividualMr. K. RajavelCompanySical Logistics LtdRole Resigned FromChief Financial Officer and Key Managerial PersonnelEffective Date of...

Acquirer and PAC Launch Open Offer for Antariksh Industries Ltd at ₹86 per Share A combined offer has been launched by Mr. Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP (PAC) for the acquisition of Equity Shares in Antariksh Industries Limited. The open offer is intended to acquire up to 6,31,785 fully paid-up equity shares representing 26.00% of the Emerging Voting Share Capital of the Target Company.The Open Offer stipulates an Offer Price of ₹86/- per Equity Share, which is payable in cash and is not conditional upon any minimum level of acceptance. The tendering period for this offer is scheduled to commence on August 18, 2026, and close on September 01, 2026.The acquisition framework includes the purchase of...

IKS Completes Acquisition of 100% Stake in TruBridge Inc. for USD 557 Million Inventurus Knowledge Solutions Limited has completed a significant acquisition, as its subsidiary, IKS Inc., acquired 100% of the shareholding in TruBridge Inc. The transaction was finalized with a total consideration of USD 557 Million.The acquisition targets TruBridge Inc., a company incorporated in the United States of America. Inventurus Knowledge Solutions Limited is overseeing this strategic move through its wholly-owned subsidiary, IKS Inc., which is also incorporated in the United States of America.The completion of the deal was executed via a merger between IKS Next Horizon, Inc., a Delaware corporation and wholly-owned subsidiary of IKS Inc., and...

Kirloskar Ferrous Industries Announces Final Dividend for FY2025-2026; Details on Subsidiary Updates Released Kirloskar Ferrous Industries Limited has announced its final dividend for the financial year 2025-2026, along with crucial information regarding the applicability of Tax Deducted at Source (TDS) on the dividend amount. The notice detailing these matters was issued and published in newspapers on July 9, 2026.The notification concerning the final dividend and TDS applicability was published across two key regional papers: The Financial Express (in its English editions across all India) and Loksatta (in its Pune edition).In a related corporate update, Kirloskar Industries Limited provided information regarding its material...