Markets

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...

Proventus Agrocom Announces Operational Readiness of State-of-the-Art Manufacturing Facility in Surat Proventus Agrocom Limited has announced the operational readiness of Phase 1 of its advanced manufacturing facility located in Surat, Gujarat. This milestone marks a significant step in the company's long-term strategy for manufacturing expansion, designed to build a scalable and integrated platform supporting its flagship consumer brand, ProV.The new facility boasts an integrated space covering approximately 200,000 sq. ft. It is equipped with advanced processing, packaging, and automation technologies, which are expected to substantially reinforce the company’s production capabilities and supply chain efficiency.This addition to...

Torrent Pharmaceuticals Initiates Voluntary Recall for Select Batches of Semalix Injection Pens Torrent Pharmaceuticals Limited has announced that it is implementing a voluntary recall as a precautionary measure for specific batches of Semalix injection disposable pens. The action follows a product recall notification received from Dr. Reddy's Laboratories Ltd., Hyderabad, which initiated a technical evaluation process.The move to recall the select batches was taken proactively by Torrent Pharmaceuticals, emphasizing patient safety as a paramount concern.According to the company statement, there is no risk to patients currently receiving treatment with these specific products. Furthermore, Torrent assured that all other Stock...

Trio Mercantile & Trading Ltd Announces Board Meeting and Appoints Two Additional Executive DirectorsTrio Mercantile & Trading Ltd has announced details regarding its upcoming board meeting, during which it will consider several key business matters, including the appointment of new directors and the approval of financial results.The company confirmed that a Board of Directors meeting is scheduled for Tuesday, July 14, 2026. The agenda for this meeting includes considering and approving the Unaudited Financial Results of the Company for the quarter ended June 30, 2026.Among the business items slated for discussion are two appointments to the board. Ms. Radhika Kaushik Joshi has been appointed as an Additional Executive Director...

Kontor Space Limited Sets Relevant Date for Preferential Issue of Equity Shares and Convertible Warrants Kontor Space Limited has clarified the relevant date governing the preferential issue of Equity Shares and Convertible Warrants scheduled for an upcoming Extra Ordinary General Meeting (EGM). The clarification relates to the proposed issuance, which includes both equity shares and convertible warrants on a preferential basis.The company confirmed that the EGM is set to take place on Friday, July 10, 2026. During this meeting, shareholders will be put to vote on the issue of Equity Shares and Convertible Warrants, as outlined in the EGM Notice dated June 18, 2026.The definition of the relevant date is guided by applicable...

SEBI Restrains 19 in Osiajee Texfab Manipulation Case; Coordinated Stock Price Inflation Uncovered The Securities and Exchange Board of India (SEBI) has issued an ex-parte interim order, alleging a coordinated scheme involving the management of Osiajee Texfab Ltd (OTL), its stockbroker Shreni Shares Ltd (SSL), and various connected entities. The regulator stated that there is prima facie evidence demonstrating artificial manipulation of the company's stock price through misleading corporate announcements and concentrated trading patterns.In a 53-page interim order issued on July 10, Whole Time Member K V R Murty confirmed these findings. SEBI alleges that the coordinated scheme was designed to artificially inflate the share price of...

Sagility Limited Announces AGM Date and Record Date for Final Dividend DeclarationSAGILITY LIMITED has announced the date for its Annual General Meeting (AGM) and fixed the record date for determining the entitlement of shareholders to the final dividend for the financial year ending March 31, 2026.The company’s AGM is scheduled to be held on Thursday, August 20, 2026, at 04:00 P.M. (IST). The meeting will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM). Further details, including the AGM notice and the Annual Report for FY 2025-26, will be shared in due course.In preparation for the dividend payment, SAGILITY LIMITED has set Friday, August 07, 2026, as the Record Date. This date determines which...

E-Land Apparel Ltd Appoints Mr. Hong Jin Lim as Additional Executive Director E-Land Apparel Ltd has announced the appointment of Mr. Hong Jin Lim as an Additional Executive Director of the company. The decision was made by the Board of Directors during its meeting held on Thursday, July 09, 2026.The appointment is effective from July 09, 2026. The terms of Mr. Lim’s tenure are subject to shareholder approval and other necessary statutory approvals, as determined by the Board.Mr. Hong Jin Lim has been appointed based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.Profile of New Executive Director The appointment brings significant industry knowledge and strategic expertise to E-Land...

Federal Bank Board Meeting Scheduled to Review Q1 Financials and Consider Major Debt Issuances Federal Bank Ltd has announced a board meeting for July 17, 2026, where directors will consider crucial matters including the approval of the bank’s recent financial results and various fundraising proposals.The agenda includes reviewing and approving the Unaudited Standalone and Consolidated Financial Results for the quarter that ended on June 30, 2026.A significant item to be addressed at the meeting is the possibility of borrowing or raising funds through the issuance of debt instruments. These proposed issuances encompass Additional Tier I bonds (AT1 bonds), Tier II bonds, long term bonds, Masala Bonds, and Environmental Social...

Chipmakers Surge as Tech Resilience Outshines Geopolitical Tensions in Stock Market Rally Technology Stocks Lead Rebound Amid AI Boom and Oil Stability A surge in technology stocks powered a significant rebound on Wall Street today. The Nasdaq 100, a key gauge of tech performance, added 1.3%. This rally occurred as oil prices stabilized after previously surging following heightened geopolitical tensions between the US and Iran.The resilience of the technology sector continued to impress investors. A closely watched group of chipmakers climbed an impressive 5% in market activity. Investors are seemingly prioritizing industry fundamentals over ongoing international conflicts.Massive AI Demand Fuels Semiconductor Sector Growth The...

Apollo Micro Systems Acquires 41.33% Stake in Premier Explosives Limited, Launches 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 (PEL), simultaneously announcing a mandatory open offer to the public shareholders. The deal represents a strategic move aligned with indigenous defense sector growth objectives.The SPA involves Apollo Micro Systems Limited as the Acquirer, and Mrs. Shonika Prasad and Mrs. Kailash Gupta, acting as authorized trustees of the AKS Family Trust, representing the Promoter. Under the terms of the executed agreement, the Acquirer has committed to purchasing 2,22,21,735 equity shares from the...

Devson Catalyst IPO Smashes Expectations: Subscription Hits 7.5x Amid Strong Grey Market Premium The SME market witnessed significant enthusiasm for Devson Catalyst on its debut day, as the initial public offering (IPO) was swiftly oversubscribed. The issue, open to investors until July 13, saw robust demand across multiple investor segments, reflecting strong confidence in the company’s growth trajectory and manufacturing capabilities.Subscription Details and Investor Demand Analysis Devson Catalyst received bids for 1.94 crore shares against a total offer of 25.87 lakh shares on the BSE platform. This translates to a substantial overall subscription rate of 7.5 times, confirming high market interest in the SME segment.Individual...

Porwal Auto Components Ltd Approves Preferential Allotment of Equity Shares and Convertible Warrants Porwal Auto Components Limited has announced the approval of a significant capital restructuring move involving the preferential allotment of equity shares and the issuance of convertible warrants. The Board of Directors finalized these approvals, following prior shareholder consent and in-principle approvals.The company allotted 17,54,384 fully paid-up Equity shares on a preferential basis to non-promoter investors. These shares were issued at an issue price of Rs. 57.00 per share, including a premium of Rs. 47.00 for non-promoter investors. The total aggregate amount received from these allotments amounted to Rs. 9,99,99,888/-...

Lineage Power Subsidiary Signs MOU with Solar Companies for BESS Supply Pace Digitek Limited has a material subsidiary, M/s. Lineage Power Private Limited, which has entered into a Memorandum of Understanding (MOU) with Onward Solar Power Private Limited (OSPPL) and Kalpa Power Private Limited (KPPL). The agreement focuses on the supply of Battery Energy Storage Systems (BESS).The MOU outlines the supply of various BESS components, including DC Blocks, C&I BESS cabinets, Residential BESS units, PCS, EMS, and battery containers. This strategic partnership involves two domestic entities.Details regarding the terms and conditions of the agreement are summarized below:ParticularsDetailsCounterpartiesM/s. Onward Solar Power...

GenXAI Analytics Appoints Bigshare Services as Share Transfer Agent and Registrar GenXAI Analytics Limited has appointed M/s. Bigshare Services Private Limited as its Share Transfer Agent (STA) and Registrar & Transfer Agent (RTA). The appointment formalizes the management of shareholder records for the company.The company entered into an agreement with M/s. Bigshare Services Private Limited on July 6, 2026. However, Bigshare has been providing RTA/STA services to GenXAI Analytics Limited shareholders since June 12, 2026, which is noted as the date of listing.M/s. Bigshare Services Private Limited operates as a SEBI registered Category-1 Registrar and Share Transfer Agent. The company’s Permanent Registration Number (PRN) is...

Switching Technologies Gunther Ltd Acquires Two Companies via Share Swap and Increases Capital Base Switching Technologies Gunther Limited (STGL) announced significant corporate developments, including the acquisition of 100% equity in Tekfoods International Private Limited and Samridh Overseas Trading Private Limited through share swap transactions. The Board of Directors also approved a substantial increase in the authorized share capital and enhanced investment limits for the company.The acquisitions are set to consolidate STGL's business operations, providing synergistic value. Both companies—Tekfoods International Private Limited (TIPL) and Samridh Overseas Trading Private Limited (SOTPL)—will become wholly owned subsidiaries...