Markets

SEBI Issues Shocking Order: Trading in Osiajee Texfab Halted as Prima-Facie Fraud Scheme is Uncovered The Securities and Exchange Board of India (SEBI) has issued a stringent Ex-Parte Interim Order against 19 individuals related to Osiajee Texfab Limited (OTL). The order halts all trading in OTL shares, citing overwhelming prima-facie evidence of a coordinated fraudulent scheme designed to artificially inflate the stock price.The investigation centers on allegations that key management and associated entities manipulated the share price through deceptive practices, despite the company's core business activities being financially negligible. This intervention underscores SEBI’s commitment to market integrity and investor protection...

Banswara Syntex Ltd Fixes Record Date for Final Dividend on Equity SharesBanswara Syntex Ltd has announced the record date for determining entitlement of members to receive a final dividend for the financial year 2025-26. The company has fixed Thursday, July 23, 2026, as the designated record date.The decision follows the recommendation by the Board of Directors, which was held on May 19, 2026. During the board meeting, a final dividend was recommended at Re. 1 per equity share of Rs. 5 each for the financial year ended March 31, 2026.The payment of this final dividend is subject to approval by the shareholders of the company at its ensuing 50th Annual General Meeting (AGM).If the final dividend recommended by the Board of...

Transindia Real Estate Completes Acquisition of Comptech Solutions Shares, Takes 100% Voting Control Transindia Real Estate Ltd has successfully completed the acquisition of equity shares in Comptech Solutions Private Limited (CSPL), establishing CSPL as a subsidiary of Transindia Real Estate. The transaction involves acquiring 7,00,000 Class A Equity Shares of CSPL for an approximate consideration of ₹24 crore.The acquisition gives Transindia Real Estate Ltd control over the target company's voting rights and shareholding structure. According to the details, the acquired shares represent 48.28% of the total shareholding while granting 100% of the voting rights in Comptech Solutions Private Limited.With this transaction completed...

Music Broadcast Ltd Receives Demand Notice for Stamp Duty and Penalties on Lease DeedMusic Broadcast Limited has received a demand notice from the Deputy Collector, Stamp Duty Valuation Organization, Division-2, Ahmedabad, regarding the payment of stamp duty along with fines and penalties related to a lease deed executed by the company. The communication was received via speed post on July 08, 2026.The authority demanded payment based on Section 68 (2) of the Gujarat Stamp Act, 1958. The notice details allege a shortfall in stamp duty concerning the aforementioned lease deed.In relation to this demand, the Deputy Collector's order specifies the following financial requirements:Financial ComponentAmount DemandedStamp Duty...

TTK Prestige Operations in Roorkee Disrupted by Flooding; Company Assures No Material Impact TTK Prestige Ltd has reported a disruption at its manufacturing unit located in Roorkee, Uttarakhand. Operations were halted on July 9, 2026, following heavy rains and flooding in the region.The company is currently assessing any potential damage to the assets of the facility affected by the natural calamity. Regarding preparedness, TTK Prestige has stated that all assets at the site are adequately insured.Despite the operational halt at the Roorkee plant, management indicated that there is no anticipated material impact on the company's overall operations. This assessment is based on the fact that TTK Prestige maintains sufficient...

Concord Enviro Systems Invests Rs 10.53 Crores into RSSIPL for Brownfield Expansion Concord Enviro Systems Limited has committed an additional investment of Rs 10,53,55,536.40 in Rochem Separation Systems (India) Private Limited (RSSIPL), a wholly-owned subsidiary of the company. This investment was made by subscribing to 3448 Equity Shares through a rights issue at an issue price of Rs 30,555.55 per share.The acquisition relates to RSSIPL, which operates in the water and wastewater treatment sector. The investment is designated to finance the capital expenditure requirements for RSSIPL’s brownfield expansion project at Vasai, aligning with the objects disclosed in Concord Enviro Systems Limited's Prospectus dated December 23, 2024...

SAT Allows Promoters' Appeal; Overturns SEBI Adjudicating Officer's Order Against North Eastern Carrying Corporation Limited The Securities Appellate Tribunal (SAT) granted relief to the promoters of North Eastern Carrying Corporation Limited, setting aside an adverse order previously issued by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI). The decision was delivered on July 08, 2026, in relation to Appeal Nos. 397 and 398 of 2023.The Tribunal's order confirmed that both appeals filed by Mrs. Vanya Jain and Mr. Utkarsh Jain stood allowed. Consequently, the impugned order previously passed by the Adjudicating Officer (AO) of SEBI was set aside concerning the appellants. Furthermore, all pending...

Anand Rathi Wealth Limited Announces Q1 FY26 Results, Highlights Corporate Actions and Future Plans Anand Rathi Wealth Limited has released its unaudited financial results for the first quarter ended June 30, 2026. The company also announced several corporate developments, including plans to pursue a role as a mutual fund sponsor, alongside detailing significant equity actions such as a bonus issue and Employee Stock Option Plan (ESOP) approval.The Board of Directors approved these results during a meeting held on July 9, 2026. These unaudited figures, along with the Limited Review Report conducted by M/s KKC & Associates LLP, provide insight into the company’s performance across consolidated and standalone entities.Key Financial...

On Door Concepts Allots 20 Lakh Convertible Warrants at Rs 156 Per Warrant On Door Concepts Limited has approved and executed the preferential allotment of 20,00,000 Convertible Warrants. The warrants are convertible into an equivalent number of Equity Shares with a face value of Rs. 10/- per share and were issued at an Issue Price of Rs. 156/ per warrant, which includes a premium of Rs. 146/ each.The allotment was formalized by the Board of Directors meeting held on July 9, 2026, following approval granted by shareholders in an Extraordinary General Meeting on May 15, 2026. The entire transaction aggregated to Rs. 31,20,00,000 (Rupees Thirty-One Crore Twenty Lakh Only).The company received an upfront payment of Rs. 7,80,00,000...

HCLFoundation Partners with Uttar Pradesh Government to Advance Sustainable Waste Management in Three Cities HCLFoundation, which drives the corporate social responsibility agenda of HCLTech in India, has signed a Memorandum of Understanding (MoU) with the Urban Development Department, Government of Uttar Pradesh. This partnership aims to further the state's vision of advancing sustainable waste management practices across Hardoi, Prayagraj, and Agra in line with the Swachh Bharat Mission.Through this collaboration, HCLFoundation and the Urban Development Department will work together on strategic planning, pilot projects, policy and process reforms, and the deployment of IT-enabled solutions designed to improve waste management...

Anand Rathi Wealth Reports Strong Q1 FY27 Results; Revenue Grows 18%, AUM Crosses ₹1 Lakh Crore Mumbai, July 9, 2026 - Anand Rathi Wealth Limited announced robust financial results for the quarter ending June 2026 (Q1 FY27), showcasing significant growth across its operations. The company reported a consolidated Profit After Tax of ₹ 116 crore, marking a 24% year-on-year increase. Total revenue for the period also saw a strong surge, rising by 18% to reach ₹ 336 crore. Furthermore, Assets Under Management (AUM) grew by 21% over the previous year, reaching ₹ 1,06,300 crore.The results highlight the company's resilience and scalability, even amid volatile market conditions. A key milestone achieved during Q1 FY27 was crossing the ₹ 1...

Forcas Studio Reaffirms: Company States Share Price Movement is Purely Market Driven Forcas Studio Limited has addressed the recent volatility concerning its stock price, stating that the significant movement in shares is purely market driven and unrelated to the company's management. The clarification sought by the company addresses concerns regarding the share price fluctuations.The management of Forcas Studio Limited confirmed that they are unaware of the specific reason behind the notable change in their share price. In a statement clarifying the matter, the company emphasized that the stock movement is solely attributable to market forces.The company reiterated that its operations and performance have always been disclosed with...

Kothari Products Limited Reports Retail Shareholding Status as of June 30, 2026 Kothari Products Limited has disclosed details regarding the shareholding of non-promoter retail individual investors as of June 30, 2026. The company provided a snapshot detailing the number of retail shareholders and the corresponding shares held by this category.The data reflects the status of retail investor participation in Kothari Products Limited. As per the disclosed details, the figures related to non-promoter retail individual investors are presented below:CategoryNumber of ShareholdersTotal Shares HeldNon-Promoter Retail Individual Investors11,5634,118,228The information pertains specifically to the shareholding structure up to the...

Orbit Exports Limited Approves Buyback of Equity Shares at ₹250 Per Share Orbit Exports Limited has announced plans for a share buyback, approving the purchase of up to 11,04,000 fully paid up Equity Shares. The initiative was approved by the Board of Directors during a meeting held on July 7, 2026.The company intends to conduct the acquisition through a tender offer route. Under the approval, the maximum Buyback Size is limited to 11,04,000 shares, representing 4.16% of the total paid up equity capital as of March 31, 2026. The face value of these Equity Shares is ₹ 10/- each, and the proposed buyback price is set at Rs. 250 per Equity Share.The aggregate amount for this potential Buyback does not exceed ₹ 27,60,00,000/- (Rupees...

Index Surge: Sensex, Nifty Rally Amid Sectoral Strength as Big Caps Recover The Indian stock markets witnessed a strong rebound on July 9, successfully bouncing back from significant correction seen in the previous session. Driven by broad-based buying across various sectors, benchmark indices closed comfortably in positive territory, signaling a firm recovery after intraday volatility.At market close, the Sensex gained 238.22 points or 0.31 percent, settling at 76,741.82. The Nifty 50 climbed 80.75 points or 0.34 percent, finishing the session at 23,962.80. The index had previously touched an intraday high of 24,134.70 before profit booking trimmed some gains in the latter half.Broader Indices Lead Gains as Corporate Stocks Hit...

Rishabh Instruments Sets Record Date for Shareholders' Voting and Dividend Eligibility Rishabh Instruments Limited has announced the cut-off or record date for its members, determining their voting rights and eligibility to receive dividends during the forthcoming 43rd Annual General Meeting.The designated record date is Friday, July 24, 2026. This date will serve as the cutoff point for recording details relevant to the shareholders of the company.The details pertaining to the security codes and symbols along with their corresponding record dates are provided below:Security Code/SymbolType of SecurityRecord Date/Cut-off Date543977Equity SharesJuly 24, 2026RISHABHEquity SharesJuly 24, 2026RISHABH Stock Price Movement...

Senior Manager Resigns from Omaxe Limited Omaxe Limited has announced that Mr. Shivaji Patil, who held the position of Vice President PMO (Senior Management Personnel), has resigned from the company.Mr. Patil submitted his resignation due to unavoidable personal reasons. He expressed sincere gratitude for the opportunities and experience gained during his tenure with the organization, noting that working with the company was a valuable learning process.The resignation letter confirmed that Mr. Patil would serve the prescribed notice period as per the company’s HR policy. He pledged his full support during the transition process to ensure a smooth handover of his responsibilities at Omaxe Limited.OMAXE Stock Price Movement Omaxe...

Lux Industries Secures Exclusive Brand Licensing Deal for Innerwear in IndiaLux Industries Limited has entered into a strategic Brand Licensing Agreement (BLA) with RILUK IPCO Limited (RIL), granting the company exclusive rights within India for designing, manufacturing, and selling specific branded products. The partnership solidifies Lux Industries' presence in the specialized market segments of innerwear and thermal wear.The BLA establishes an exclusive right for Lux Industries, operating as the Licensee, to utilize certain proprietary trademarks within the territory of India. RILUK IPCO Limited, a private limited company based in England and Wales, serves as the Licensor in this arrangement. The licensed trade marks mentioned...

V-Mart Retail Limited Sets Record Date for Final Dividend Payment V-Mart Retail Limited has announced that Friday, July 17, 2026, will serve as the Record Date for determining the eligibility of shareholders who are due to receive the company's dividend.The announcement relates to a final dividend recommended by the Board of Directors of V-Mart Retail Limited for the financial year 2025-26. The Board meeting held on May 7, 2026, recommended a final dividend of Rs. 1/- per equity share against the face value of Rs. 10/-, subject to ratification by shareholders at the upcoming Annual General Meeting (AGM).The AGM is scheduled for Thursday, July 30, 2026. The company has specified the Record Date as July 17, 2026, making it crucial for...

Davangere Sugar Company Approves Allotment of Foreign Currency Convertible Bonds (FCCBs) Davangere Sugar Company Limited announced that its Board of Directors approved the allotment of Unsecured Foreign Currency Convertible Bonds (FCCBs) following receipt of subscription money. The decision was made during a board meeting held on July 9, 2026.The company confirmed that it received subscription money aggregating to USD 85 Million for the bonds. The FCCB issuance is set against an issue size of USD 100 Million and was offered at a 15% discount of the issue price.The Board meeting considered and approved the terms for these convertible securities, which have specific features regarding their tenure and returns.Key details regarding...