Markets

Kalana Ispat Limited confirms non-applicability of Corporate Governance provisions due to SME listing status Kalana Ispat Limited has stated that corporate governance compliance requirements do not apply to the company in relation to its listed securities, which are traded on the Emerge Platform (SME) of National Stock Exchange of India Limited.The company reported that because it lists its specified securities on the SME platform of the National Stock Exchange of India Limited, certain Corporate Governance provisions detailed under Regulation 27 and related regulations are exempt from application.As a result of this status, Kalana Ispat Limited is not required to submit the Corporate Governance Report for the quarter ending June...

Davangere Sugar Company Limited FCCBs Admitted and Listed on AFRINEX Securities ListDavangere Sugar Company Limited has successfully completed the listing of its Foreign Currency Convertible Bonds (FCCBs) on the AFRINEX Securities List. The debt security, which was issued by the company, is now admitted under the ASL of AFRINEX Limited.The listing marks a significant milestone for the Davangere Sugar Company as it brings to market U.S. $100 million worth of FCCBs. These bonds were initially issued on July 6, 2026, and have an interest rate set at 2%. The security is scheduled to mature in July 2031.The details regarding the newly listed debt instrument are as follows:DetailSpecificationIssuer NameDavangere Sugar Company...

Union Bank of India Board Meeting Scheduled to Review Q1 Financial Results Union Bank of India has scheduled a meeting of its Board of Directors to review the Unaudited Reviewed Financial Results for the quarter ended on June 30, 2026. The meeting is set to take place on Wednesday, July 15, 2026.The agenda for the Board meeting includes considering these unaudited results, both in standalone and consolidated formats.In addition to the board deliberations, the bank provided details regarding its trading window status. The 'Trading Window' will remain closed for all designated persons and other insiders starting from July 01, 2026. This restriction on insider trading will continue until 48 hours following the declaration of the...

Mahindra & Mahindra Reports Production and Sales Figures for June 2026 Mahindra & Mahindra Limited released its operational figures for June 2026, reporting details on production, sales, and export metrics across various vehicle segments. The company's total output saw a significant increase in the latest reporting period compared to the previous period.For the month of June 2026, the company recorded a total production of 110,795 units, up from 85,232 units reported in June 2025. Sales totaled 103,502 units, compared to 78,142 units in June 2025. The export volume stood at 5,954 units for June 2026, up from 2,698 units reported in June 2025.The detailed performance across the various vehicle categories is provided below...

Jindal Stainless Units Win Multiple CII National Awards for Energy Efficiency and Low-Carbon Initiatives Jindal Stainless Ltd., a leading stainless steel manufacturer in India, has secured multiple national awards recognizing its commitment to sustainable manufacturing and operational excellence. The company’s facilities in Hisar, Haryana, and Jajpur, Odisha, were recognized at the 10th CII National Energy Efficiency Circle Competition 2026, organized by the Confederation of Indian Industry (CII).The awards highlighted the sustained efforts across both units in energy conservation, decarbonization, and implementing advanced energy management practices. The recognition reinforces Jindal Stainless’ commitment to driving innovation while...

Vikram Solar Signs 130 MW Solar Cell Supply Agreement with Evervolt Technology Vikram Solar Limited has entered into a significant Solar Cell Supply Agreement, securing the procurement of Mono-PERC 10BB DCR compliant solar cells. The deal was finalized on July 8, 2026, with Evervolt Solar Technology India Private Limited (formerly CETC Renewable Energy Technology India Pvt. Ltd.).The agreement is designed to meet Vikram Solar’s domestic module manufacturing requirements by sourcing the specified high-quality components. This strategic partnership provides a reliable supply stream of solar cells needed for the company's production operations over the coming months.As per the terms of the contract, the total size of the procurement...

Muthoot Microfin Reports Strong Growth and Receives CRISIL Credit Rating Upgrade Muthoot Microfin Ltd has reported robust performance metrics for the quarter ended June 30, 2026, highlighting significant growth in Assets under Management (AUM) and achieving a key credit rating upgrade from CRISIL. The company also detailed its strategic roadmap, targeting substantial AUM expansion by FY30.As of June 30, 2026, the company's AUM stood at Rs. 14,457 crore. This reflects strong portfolio expansion, marking an 18% year-on-year (YoY) growth compared to June 30, 2025, and a 3% quarter-on-quarter (QoQ) increase from March 31, 2026.Credit Profile Strengthening The company's creditworthiness was recognized during the quarter when CRISIL...

Country Condo's Limited Board Approves Preferential Issue of Equity Shares Up To ₹30 Crores Country Condo's Limited has approved a significant corporate action through its Board of Directors, proposing a preferential issue of equity shares to non-promoters of the company. The move is intended to raise capital and involves two key authorizations granted during the board meeting.The Board confirmed that the proposed Preferential Issue of Equity Shares will be limited to a maximum amount of Rs.30,00,00,000 (Rupees Thirty Crores). This action aims to provide investment opportunities specifically to non-promoter shareholders.Furthermore, the Board authorized specific senior management personnel to oversee and execute this proposed...

RBI Gauges Economic Pulse: Urban Consumer Confidence Survey Launched to Pinpoint Household Sentiment The Reserve Bank of India (RBI) has officially launched the July 2026 round of the Urban Consumer Confidence Survey (UCCS). This critical survey is designed to provide deep insights into consumer sentiment across major Indian metropolitan areas. The data collected from this regular exercise serves as a crucial input for shaping and guiding future monetary policy decisions in the nation.Understanding the Focus of the UCCS The purpose of the UCCS is to capture qualitative responses from households nationwide. These sentiments cover several key economic indicators, including general economic conditions, current employment scenarios...

Atal Realtech Secures Rs 24.92 Million Contract for PWD Rest House Construction in Nashik Atal Realtech Limited has secured a domestic contract worth Rs 24,92,41,961 to undertake the construction of a Public Works Department (PWD) Rest House project in Pratapgad, Taluka and District Nashik. The company received the formal work order for the project from the Executive Engineer, Public Works Division, Nashik, marking a significant contract award.The project pertains to the Civil and Electrical Work required for the PWD Rest House in Pratapgad. This contract is designated as a domestic undertaking awarded by the Government of Maharashtra.Details regarding the newly secured work order are provided below:ParticularsDetailsName of...

Precot Limited Incorporates Wholly Owned Subsidiary in Dubai, UAE Precot Limited has established a new subsidiary through the incorporation of 'Precot Holdings Limited' in Jebel Ali Free Zone (JAFZA), Dubai, United Arab Emirates. This move expands the company’s international footprint and operational capacity within the Middle East market.The newly formed entity is wholly owned by Precot Limited, with operations registered at 805, Oxford Tower, Business Bay, P.O.Box 126436, Dubai, U.A.E. The incorporation of Precot Holdings Limited was completed on July 6, 2026.The principal objects of the Wholly Owned Subsidiary (WOS) are focused on international business and investment activities both inside and outside the UAE. According to its...

Raymond Ltd Allots 66 Lakh Warrants to JK Investors in Private Placement Deal Raymond Ltd announced the allotment of 66,57,373 convertible warrants (Warrants) to JK Investors (Bombay) Limited (JKIB). The allotment was approved by the company's Board of Directors via resolution passed through circulation on July 9, 2026, as part of a private placement initiative.The Warrants issued under this arrangement are set to be converted into equity shares at a defined price, allowing JKIB to increase its stake in the company.Key terms governing the allotment were disclosed:Conversion Terms: Each Warrant is convertible into or exchangeable for one fully paid-up equity share of Raymond Ltd. Conversion Price: The predetermined conversion...

Virtuoso Optoelectronics Schedules Institutional Investor Meeting with Dolat Capital Virtuoso Optoelectronics Ltd has announced an upcoming institutional investor meeting, detailing the interaction scheduled with Dolat Capital (Institutional Broking). The management of the company will meet the brokerage firm in a virtual format.The meeting is set to take place on July 14, 2026. The engagement between Virtuoso Optoelectronics and Dolat Capital has been structured as a one to one virtual meeting, starting at 11:00 AM.Details regarding the analyst/institutional investor interaction are provided below:Date of MeetingModeFormatTimingsInteraction with Analyst / Institutional InvestorJuly 14, 2026Virtual ModeOne to One Meeting11:00...

SG Finserve Ltd Issues Rs 30 Crore Commercial Paper with [ICRA] A1+ Rating SG Finserve Ltd has announced the issuance of Commercial Papers (CPs) totaling Rs 30 Crore. These CPs have been issued to India Shelter Finance Corporation Limited and carry a rate of 7.30%.The security is set to mature on August 31, 2026, giving it a tenure of 53 days from the allotment date. The Commercial Papers are available with an [ICRA] A1+ credit rating.The issuance details are as follows:DescriptionDetailsTotal AmountRs 30 CroreAllotment Date09/07/2026Maturity Date31/08/2026Rate7.30%Tenure of the security (in days)53 DaysPurchased in favour ofIndia Shelter Finance Corporation LimitedCredit Rating[ICRA] A1+SG Finserve Ltd...

EBIX Ltd Clarifies Delay Regarding Disclosure SubmissionEBIX Ltd (formerly Eraaya Lifespaces Limited) has provided clarification regarding the timing of a disclosure submission made on May 23, 2026, in response to an inquiry from the Exchange.The company addressed queries relating to the disclosure process, which was necessitated after the issuance of an order by the exchange on May 21, 2026. EBIX submitted its requisite disclosure on May 23, 2026, following a comprehensive review process.EBIX stated that the subsequent internal evaluation included assessing the materiality and regulatory implications of the content, verifying relevant facts, and completing necessary reviews to ensure the disclosure provided to the Stock Exchange...

Sandur Manganese Announces Group Rebranding and Key Leadership Appointments Sandur Manganese & Iron Ores Ltd has announced significant strategic shifts, including group rebranding, diversification into new business sectors, and key appointments in its management structure.The company adopted a new name and logo to support its long-term strategic vision and explore diverse business opportunities. Sandur will be venturing into several new lines of business through planned subsidiaries, specifically Hospitality; Academy (covering education, sports, infrastructure, training/coaching, and connected businesses); Medical Devices and Consumables Manufacturing.Furthermore, the names of existing material subsidiaries, Arjas Steel Private...

Power Grid Corporation Wins Bidding for Inter-State Transmission System Augmentation Project Power Grid Corporation of India Limited has been successfully declared as the bidder for a significant Inter-State Transmission System project. The contract involves the augmentation and bay extension works across several key substations.The successful bid was secured through Tariff Based Competitive Bidding (TBCB). The project, specifically titled 'Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG)', will be executed on a Build, Own, Operate and Transfer (BOOT) basis.The scope of work includes augmentation and bay extension operations across three substations located in Rajasthan and Uttar Pradesh. These sites are Bhadla-III S/S in...

RBI Launches Rural Consumer Confidence Survey to Gauge One-Year Economic Outlook for 31 States The Reserve Bank of India (RBI) has initiated the July 2026 round of the crucial Rural Consumer Confidence Survey (RCCS). This regular exercise is designed to gather granular data on the economic health and future expectations of rural and semi-urban households across major parts of India. The results generated from this comprehensive study are vital inputs that will guide subsequent monetary policy decisions.Understanding the Scope of the RCCS The RCCS is meticulously structured to collect current perceptions as well as projections for one year ahead. These surveys cover critical economic indicators, including the general economic situation...

Kizi Apparels Ltd Receives Consideration for 18th Tranche of Convertible Warrants Kizi Apparels Ltd has successfully received the consideration for the 18th tranche of Convertible Warrants following its Board Meeting. The allotment was made on a preferential basis to Promoters and members of the Promoter Group or public Category.The company has received the amount of Rs. 6,32,400/- towards the 18th tranche of these Convertible Warrants. The consideration was paid by Mr. Umang Kamlesh Vora and Mr. Paresh J Patel.The warrants were issued at a price of Rs. 15.50/- each. This issue included a face value of Rs. 10.00/-, which incorporated a premium of Rs. 5.50/- per warrant.Stock Price Movement Kizi Apparels Ltd settled Wednesday after...

Precot Limited Establishes Foreign Subsidiary in Dubai for International Operations Precot Limited has successfully incorporated a new wholly owned subsidiary (WOS) aimed at facilitating its international business and investment strategies. The new entity, named Precot Holdings Limited, was established within the Jebel Ali Free Zone (JAFZA) in Dubai, United Arab Emirates.The incorporation of this WOS marks a significant step in Precot Limited’s global expansion. This subsidiary is wholly owned by the company, holding a 100% shareholding stake.Precot Holdings Limited is strategically positioned to engage in international business and investments both inside and outside the UAE. Its objects include operating as a holding company for a...