Markets

UNO Minda Limited Announces Role Change of Senior Management Personnel Rakesh Kher Uno Minda Limited has approved a change in the role of its senior management personnel, Mr. Rakesh Kher. The Board of Directors confirmed the transition, effective July 03, 2026.Mr. Kher was previously serving as Chief Strategy Officer and Advisor for the Aftermarket Domain within the company. He will now assume the responsibility of Chief Executive Officer for the LAS Domain and continue as an Advisor to the After-market Domain.This organizational move reflects Mr. Kher’s extensive background in industry transformation, strategy, and manufacturing. His professional journey spans more than 40 years across diverse segments including sales and marketing...

Sagility Limited Redeems NCDs and Pays Interest in Transaction valued at ₹1,49 Crore Sagility Limited announced the partial redemption of Unsecured, Unlisted Redeemable Non-Convertible Debentures (NCDs) on July 3, 2026. The payment was made to Sagility B.V., identified as the Debenture Holder in the transaction.The company redeemed a total of 1,495 unsecured, unlisted, redeemable Non-Convertible Debentures. Each NCD had a face value of ₹10,00,000, resulting in an aggregated redemption amount of ₹1,49,50,00,000.This payment was executed as per the terms specified in the bond trust deed dated December 22, 2021, and subsequent amendments.In addition to the principal repayment, Sagility Limited paid the applicable interest amount...

CRISIL Reaffirms Bank Facility Ratings of Music Broadcast Ltd at AA/Stable and A1+ Music Broadcast Limited has received a rating reaffirmation from CRISIL Ratings on its bank facilities. The agency maintained the company's ratings for both long-term and short-term debt instruments, while also noting that the rating for Non-Convertible Redeemable Preference Shares (NCRPS) has been withdrawn following the instrument's redemption.CRISIL Ratings reaffirms the 'CRISIL AA/Stable' rating for the Long Term Bank Loan Facilities and the 'CRISIL A1+' rating for the Short Term Bank Loan Facilities, covering a total of Rs. 135 crores in bank loan facilities.The review of CRISIL’s ratings was conducted to assess the debt instruments and...

Tulsi Extrusions Ltd Approves Q3 FY25 Results, Clarifies Delay After Insolvency Revival Tulsi Extrusions Ltd announced the approval of its Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2025. The company also addressed the delay in submission, citing complex transitional issues stemming from past insolvency proceedings and ongoing legal matters related to capital restructuring. Furthermore, the Board noted the resignation of Ms. Muskan Aggarwal.The Board of Directors meeting, held on July 3, 2026, reviewed and sanctioned the financial results by the company's management. Concurrent with this update, the company provided a detailed clarification regarding the delay in submitting these...

Strides Pharma Completes Pivot Path Stake Sale, Reclassifies Entity as Associate Company Strides Pharma Science Limited has completed the transaction involving its partnership with Ascent Capital regarding the unlocking of value in Pivot Path. This acquisition results in a change in the status of the company's subsidiary, which will now be classified as an Associate Company starting July 1, 2026.The transaction involved the sale of Strides Pharma Science Limited's majority stake in Pivot Path to a consortium led by Ascent Capital, with co-investor Vintage Classic. The entire aggregate consideration for the sale was approximately ₹1,000 million.Upon the completion of the deal, the company has received ₹750 million. The remaining...

Daulat Securities Schedules Board Meeting to Review Q1 Unaudited Financials Daulat Securities Ltd has scheduled a meeting of its Board of Directors on Thursday, July 14, 2026. The meeting will be held at the company's corporate office and is intended to consider several business transactions.Among the key agenda items is the approval and recording of the Unaudited Financial Results, alongside the Cash Flow Statement and a Limited Review Report for the quarter that concluded on June 30, 2026.In adherence to the company's Code of Conduct regarding insider trading, the Trading Window for Designated Persons and their immediate relatives has been closed as of July 1, 2026. The trading window is set to reopen following the declaration of...

Grameva Ltd Board Meeting Scheduled to Discuss Promoter Status Changes and AppointmentsGrameva Ltd, formerly known as Bangalore Fort Farms Limited, has scheduled a meeting of its Board of Directors to address several key matters relating to shareholder and promoter status classifications. The board meeting is set for Friday, July 10, 2026, at 11:00 A.M. The meeting will be held at the company’s Registered Office in Kolkata and conducted via Video Conferencing.The agenda includes reviewing and approving requests concerning changes in corporate status. Specifically, the board is tasked with considering a request from Genesis Tradelink Private Limited to change its classification from Promoter Category to Public Category. Additionally...

ICICI Prudential increases stake in Container Corporation of India Ltd after Open Market purchase ICICI Prudential Asset Management Company Limited announced that its mutual funds have crossed the 5% shareholding threshold in Container Corporation of India Ltd following a recent acquisition. The move increased the Fund’s total holding of the logistics giant, which operates as a Navratna CPSE of the Government of India.The disclosure confirmed that ICICI Prudential Mutual Fund, operating through various schemes and investment strategies, made a net acquisition of 4,406,207 shares in Container Corporation of India Ltd on June 30, 2026. As a result, the shareholding of the Fund now exceeds 5% of the paid-up capital of Container...

Acetech E-Commerce Limited Receives Order Unblocking ₹5.08 Crore Input Tax Credit Acetech E-Commerce Limited has received a favorable order from the Office of the Assistant Commissioner of Commercial Taxes in Bangalore, resulting in the immediate unblocking and restoration of Input Tax Credit (ITC) amounting to ₹5,08,33,520/-.The resolution was delivered by the Authority on June 25, 2026, directing the reversal of a prior blocking action related to IGST credit. The successful outcome represents a positive financial impact on the company's working capital and tax liquidity.This order relates to the unblocking of ITC that had been held since March 5, 2024. The original blocking occurred following allegations regarding ineligible or...

Bacil Pharma Ltd Board Meeting Scheduled to Approve Rights Issue of Up To ₹50 Crores Bacil Pharma Ltd has scheduled a meeting of its Board of Directors to consider and approve a proposal for raising funds through a rights issue of equity shares. The meeting is set for Thursday, July 9, 2026.The primary objective of the proposed rights issue is to raise an aggregate amount of up to ₹50,00,00,000 (Rupees Fifty Crores Only). The board will be required to determine and approve various terms and conditions related to the issuance. These details include, but are not limited to, the issue size, the rights entitlement ratio, the issue price, the record date, and the overall rights issue schedule.The agenda for the meeting includes several...

McNally Bharat Engineering Company Limited reports zero outstanding default on banks' loans as of June 30, 2026 McNally Bharat Engineering Company Limited has reported the financial status of its loans and debt securities as of June 30, 2026. The company disclosed the details regarding its financial indebtedness from banks and financial institutions.As per the reported data, the outstanding amount for Loans or Revolving Facilities like Cash Credit from Banks/Financial Institutions stood at Nil on June 30, 2026. Similarly, the amount of default on these loans was also reported as Nil.The details pertaining to loans are presented below:ParticularsTotal Amount Outstanding (Rs. in Cr)Default Amount (Rs. in Cr)Loans/Revolving...

Awfis Space Solutions Ltd Ratings Affirmed by India Ratings for Bank Loan Facilities Awfis Space Solutions Ltd announced that its ratings concerning bank loan facilities have been affirmed by India Ratings and Research Pvt Ltd. This affirmation was issued on July 03, 2026.The rating by India Ratings pertains specifically to the company's standing regarding bank loan facilities.The details of the credit rating provided by India Ratings are available for reference concerning the corporation’s financial strength related to these loans.AWFIS Stock Price Movement Awfis Space Solutions Limited shares closed today after slipping 1.03% to settle at ₹302.45, marking a negative session for the equity. The stock saw active trading throughout...

L&T Finance Reports Strong Growth in Retail Business for Q1FY27; Disbursements Estimated at Rs 23,800 Crores L&T Finance Limited has released a business update detailing its performance in the retail finance segment for the quarter ended June 30, 2026. The company reported strong projected growth across key metrics, including significant increases in retail disbursements and the retail loan book size.The estimated total retail disbursements for Q1FY27 stand at approximately Rs 23,800 crores, reflecting a growth of approximately 36% on a year-on-year basis.A detailed breakdown of retail finance segments shows how the company achieved these figures:(Rs. in crores)Q1FY2025-26 (Actual)Q1FY2026-27 (Estimated)Retail...

Solara Active Pharma Issues Final Reminder-cum-Forfeiture Notices for Unpaid Rights Issue Call Money Solara Active Pharma Sciences Ltd has issued a Final Reminder-cum-Forfeiture Notice concerning the outstanding First and Second and Final Call payments due on its partly paid-up equity shares. The notices address shareholders who have not yet settled the required call money related to the company’s rights issue, urging them to make the full payment within the stipulated period.The company confirmed that eligible shareholders must remit the total pending amount for both calls, with no part payment being accepted. Failure to pay the outstanding amounts by the deadline may render the partly paid-up equity shares liable to be forfeited, in...

Rajkot Investment Trust Completes Routine Reserve Bank of India Inspection Rajkot Investment Trust Limited announced the successful conclusion of its routine regulatory inspection conducted by the Reserve Bank of India (RBI). The supervisory process, which forms part of RBI's regular oversight, was completed after taking place between June 29, 2026, and July 1, 2026.The company reported that it fully cooperated with the RBI inspection team throughout the period. Rajkot Investment Trust furnished all requested information, records, documents, and clarifications to the officials in a timely manner, ensuring the smooth completion of the audit process.LICI Stock Price Movement Shares of the Life Insurance Corporation Of India today shed...

Refex Group Considers Composite Scheme of Amalgamation Amid Creditors Meeting on August 5 Refex Industries Limited (RIL) has convened a meeting of its Secured Creditors regarding a composite scheme of amalgamation and arrangement involving Refex Green Mobility Limited (RGML), RIL, and the newly incorporated entity, Refex Mobility Limited (RML). The meeting is scheduled for Wednesday, August 5, 2026.The scheme involves two primary steps: the amalgamation of RGML into RIL, followed by the demerger of the Green Mobility Business Undertaking from RIL into RML. This strategic move aims to unlock value for stakeholders by creating independent entities focused on their respective sectors.The Transferee Company (RIL) is primarily engaged in...

Callista Industries Completes Preferential Allotments of Equity Shares and Warrants, Boosting Capital BaseCallista Industries Ltd has successfully executed two significant capital transactions: the allotment of an eighth tranche of equity shares and the issue of convertible equity warrants. These moves represent a substantial infusion of capital into the company, increasing its paid-up share capital.The company approved the allotment of 5,87,500 Equity Shares under the eighth tranche on a preferential basis. The entire issuance was for fully paid up shares at a price of Rs. 10/- each, aggregating to a total consideration of Rs. 58,75,000/-.The details of this allotment are as follows:Name of AllotteeNumber of Equity...

RBL Bank Reports Provisional Q1 FY27 Metrics: Gross Advances Rise While Total Deposits Stand Steady RBL Bank Limited has released provisional financial metrics for the quarter ended June 30, 2026. The bank saw growth in gross advances while maintaining a specific mix of deposits, and tactically decided not to renew certain wholesale deposits following a recent preferential allotment.The provisional data provides insight into the state of the bank’s funding and lending portfolio as of March and June 2026.Financial Snapshot (in Rs. Crore) The key performance indicators for Total Deposits and Gross Advances were presented across three reporting periods:Particulars30-Jun-2531-Mar-2630-Jun-26 (Provisional)YoYQoQTotal...

Manipal Health IPO Gets SEBI Nod: Healthcare Giant Eyes Major Debut Amid Global Market Volatility India's leading hospital chain, Manipal Health Enterprises, has received essential approval from the Securities and Exchange Board of India (SEBI) for its public listing. The milestone suggests a potential market debut in late July or early August, marking a significant step for the healthcare sector.The news comes after Manipal filed an initial public offering (IPO) in March, aiming to raise up to $1.2 billion. This ambitious fundraising target is underpinned by the growing necessity and rising demand for complex medical care across India.IPO Scope and Investor Confidence The planned offering is poised to be one of the largest IPOs in...

Institutional Divestment Shakes PB Fintech Stocks as Temasek Subsidiary Offloads Major Stake The stock of PB Fintech, the parent company behind Policybazaar and Paisabazaar, experienced a sharp downturn following news of a significant stake sale by a subsidiary of global investment giant Temasek. The divestment created immediate market volatility in the online insurance and lending platform space.Temasek Subsidiary Completes Major Equity Offload in PB Fintech Macritchie Investments Pte Ltd., the indirect wholly owned subsidiary of Singapore-based Temasek Holdings, successfully completed the sale of a portion of its stake in PB Fintech on July 3. This open market transaction saw Macritchie offloading 1.01 crore equity shares of the...