Markets

SAR Televenture Completes Offer for Grand Foundry Shares, Acquiring 70.17% of Public Float The acquisition of equity shares in Grand Foundry Limited (GFL) has been finalized by M/s SAR Televenture Limited following a recently concluded public offer. The transaction involved D & A Financial Services (P) Limited acting as the Manager to the Offer.SAR Televenture Limited, referred to as the Acquirer, sought to acquire GFL equity shares through this open offer. Key details regarding the acquisition and shareholding structure were provided in the post-offer announcement released on July 7, 2026.The offer had a defined timeline, commencing with the Offer Opening Date on June 9, 2026, and closing on June 22, 2026. The last date for payment...

Standard Capital Markets Ltd Approves Investment in Sunbridge Solar Power Private Limited Standard Capital Markets Limited has approved a strategic investment into Sunbridge Solar Power Private Limited through the subscription of Compulsorily Convertible Preference Shares (CCPS). This acquisition is intended to strengthen and diversify the Company's investment portfolio.The Board of Directors considered and sanctioned the investment, which falls under the category of a Cash Consideration transaction. The targeted company operates in the Renewable Energy / Solar Power sector.Details regarding the investment and the investee company are as follows:ParticularsDetailsTarget EntitySunbridge Solar Power Private Limited...

India Power Corporation Operating under CIRP Following NCLT OrderIndia Power Corporation, formerly known as DPSC Limited, has been placed under the Corporate Insolvency Resolution Process (CIRP) following an order issued by the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-I.The tribunal granted the order on May 15, 2026. The decision involved the admission of the petition for initiating CIRP against the company and the appointment of an Interim Resolution Professional (IRP).In addition to the insolvency proceedings, a separate operational update confirms that India Power Corporation Limited's website is currently updated and functional. This pertains to compliance requirements regarding corporate information...

Natco Pharma Increases Stake in Adcock Ingram Holdings to 49% Amid African Market Expansion Plans Natco Pharma Limited has approved an acquisition of additional shares in Adcock Ingram Holdings Proprietary Limited, aiming to increase its stake from 35.75% to 49%. This strategic move is part of the company’s efforts to expand its geographic footprint across South Africa and the African continent.The investment for this share acquisition totals ZAR 1,814,741,312.50, which is equivalent to ₹1069 crores at the prevailing exchange rate, excluding certain associated transaction costs. To achieve the increased holding, Natco Pharma will acquire 19,618,825 shares of Adcock Ingram Holdings Proprietary Limited (AIHPL) at a price of ZAR 92.50...

Axis Bank Sees Executive Exodus as Three Senior Leaders Resign Amid Industry Reshuffle Axis Bank Ltd., a dominant force in Indian debt markets, has seen significant internal changes with three senior executives resigning from key positions. These departures contribute to a broader trend of organizational restructuring and talent movement within the country’s top private-sector lenders.The concerned individuals are Anil Agarwal, President and Group Head of Institutional Clients Coverage; Vikas Shinde, who previously headed the debt capital market team; and Jimmy Tavadia, Group Head of Trading, according to sources close to the matter. The bank is currently reorganizing critical roles across its corporate banking and other specialized...

Amine Stocks Surge as Anti-Dumping Duty Hopes Drive Rally in Balaji Amines and Alkyl Amines Shares of specialized chemical manufacturers saw a sharp rally on Wednesday, as investors responded positively to the government's recommendation for an anti-dumping duty on imports of ethylene diamine. The focus shifted entirely to the implications of this trade remedy, boosting stocks like Balaji Amines and Alkyl Amines Chemicals amid expectations of improved domestic pricing power.Anti-Dumping Duty Recommendation Boosts Amine Stocks The rise in shares is directly linked to a trade-remedies investigation into ethylene diamine imports. This investigation determined that low-priced shipments from China, the European Union, Saudi Arabia, and...

RCF Shares Surge 3% as Fertiliser Giant Plans Massive ₹1,500 Crore FPO to Unlock Land Bank Value RCF Eyes Major Funding Push via Follow-on Public Offering Shares of Rashtriya Chemicals and Fertilizers Ltd (RCF) rose 3% on July 8 after the state-owned fertiliser firm announced plans to raise significant capital through a follow-on public offer (FPO). The company revealed that its Board has approved raising up to ₹1,500 crore via a fresh issue of equity shares.The decision comes as RCF continues its operations and expansion efforts within the highly competitive agricultural chemical sector. The planned FPO is intended to provide substantial funds, which will be strategically deployed by the firm.Regulatory Hurdles and Financial...

Samsrita Labs Announces Capital Reduction to Restructure Equity Base and Set Off Losses Samsrita Labs Ltd has initiated a proposed scheme of capital reduction for its issued, subscribed, and paid-up share capital. The move is intended to realign and reorganize the company's equity capital structure, allowing it to better reflect its current financial base and address past accumulated losses.The company plans to cancel and extinguish 1,13,74,855 fully paid-up equity shares of ₹10 each on a pro-rata basis. The Board of Directors stated that this capital reduction is necessary to effectively set off against the accumulated losses incurred over previous years, thereby providing a true and fair view of the company's financial position...

Raghav Productivity Enhancers Ltd to Hold Board Meeting to Approve Q1 2026 Un-audited Financial Results Raghav Productivity Enhancers Ltd has scheduled its third Board of Directors meeting for the financial year 2026-27. The meeting is set to take place on Wednesday, July 15, 2026, at 3:30 P.M. (IST). The board members will convene through Video Conferencing or other audio visual means.The primary agenda item for the meeting includes considering and approving the Un-audited Financial Results for the quarter ending on June 30, 2026. This approval process will also involve the Limited Review Report pertaining to these results.In addition to the board meeting announcement, the company provided information regarding the trading window...

Gokul Agro Resources Ratings Reaffirmed by Crisil; Long Term Outlook Revised to Positive Crisil Ratings Limited has reaffirmed the credit ratings of Gokul Agro Resources Limited (GARL), revising the long-term outlook from Stable to Positive. This action follows a review of the company’s financial profile and operational performance, reflecting the group’s established presence and diversification in the agro-commodity business.The rating action covers both Long Term Ratings and Short Term Ratings for GARL.Key Credit Rating Summary The ratings reaffirmation includes an enhancement in the total bank debt facilities rated by Crisil. The key components of the credit rating are detailed below:MetricDetailsTotal Bank Loan Facilities...

Kakatiya Cement Sugar & Industries Announces Record Date and Book Closure for AGM and Dividend Payment Kakatiya Cement Sugar & Industries Limited has announced the dates related to its Annual General Meeting (AGM) and dividend payment, setting a specific record date and book closure period for its members.The company specified that the Register of Members and Share Transfer Books would remain closed during a set period to facilitate accurate recording of all shareholders. The AGM itself is scheduled to take place on Monday, 10 August, 2026.Key dates and details regarding the financial events are provided below:SymbolType of SecurityRecord DateBook Closure Period (Both days inclusive)PurposeKAKATCEMEQUITY3 August, 2026From 4...

PC Jeweller Soars as Debt-Free Status Nears Amid Aggressive Repayments PC Jeweller shares surged by over 6% on Wednesday, fueled by the company's crucial announcement that it is on track to achieve debt-free status during the current quarter. This significant milestone comes after the company confirmed the repayment of outstanding dues to two consortium banks.The stock saw a strong intraday performance, reaching an all-time high of ₹10.02 apiece on the NSE, though it later traded at ₹9.95, still up 5.74%. This rapid ascent reflects market confidence in the company's swift financial turnaround story.Milestone Achieved: Clearing Obligations to Consortium Banks In a detailed exchange filing, PC Jeweller disclosed that it has fully...

Ginni Filaments Ltd to Hold Board Meeting to Review Unaudited Financial Results for Quarter Ended June 30, 2026Ginni Filaments Ltd has scheduled a meeting of its Board of Directors to review the Unaudited Financial Results for the quarter ended June 30, 2026. The Board meeting is slated to take place on Tuesday, July 28, 2026.In addition to the financial review, the company provided an update regarding the status of its trading window. The trading window for dealing in securities of Ginni Filaments Ltd was closed starting from July 1, 2026.The trading restriction will remain active until 48 hours after the declaration of the financial results, which extends up to and including July 30, 2026.

Star Housing Finance Appoints Abhaykumar J. Pal as Additional Independent Director Star Housing Finance Ltd has appointed Mr. Abhaykumar J. Pal as an Additional Director in the category of Non-executive Independent Director. The appointment is effective from July 7, 2026, and is subject to the approval of the company's shareholders.The Board of Directors approved the appointment via a resolution passed through circulation. Mr. Pal will serve for a term of one year following his designation.Mr. Abhaykumar J. Pal is a Practicing Company Secretary and Fellow Member of the Institute of Company Secretaries of India (ICSI). He holds additional certification from ICSI specializing in Non-Banking Financial Companies (NBFCs) - End-to-End...

KFintech’s Finex Technology Accelerates Physical SIP Registration, Elevating Same-Day Activation Rate to 90% KFin Technologies Limited (KFintech) has revolutionized mutual fund investment processing by introducing its Finex transformation program, successfully moving physical Systematic Investment Plan (SIP) registration into a same-day reality. This significant operational shift, powered by Artificial Intelligence and advanced automation, is poised to reshape the industry standards for wealth creation in India.In rapidly expanding Indian capital markets, the traditional process of handling physical SIP and mandate registrations typically required lengthy verification cycles, averaging between 21 and 30 days from application...

Lakshmi Electrical Control Systems to Create Subsidiary and Form Consortium Targeting EV Charger Manufacturing Tender Lakshmi Electrical Control Systems Ltd has undertaken strategic moves in the electric vehicle (EV) charging sector, announcing plans to incorporate a subsidiary company and enter into a consortium arrangement with BIEMSYS Private Limited. These steps are preparatory measures for a tender floated by New & Renewable Energy Development Corporation of Andhra Pradesh Limited concerning the manufacturing of EV Chargers and the establishment of public EV Charging Stations.The company's Finance and Operations Committee approved these initiatives following a Board meeting held on July 08, 2026. The incorporation of the...

JB Chemicals Amalgamated into Torrent Pharmaceuticals; Scheme Becomes Effective on July 8 JB Chemicals & Pharmaceuticals Ltd has been fully amalgamated into Torrent Pharmaceuticals Limited following the final approval of the scheme by the National Company Law Tribunal (NCLT). The company was dissolved without being wound up, effective from today.The amalgamation involves JB Chemicals and its shareholders becoming part of Torrent Pharma, as sanctioned by the Hon'ble NCLT, Ahmedabad Bench, via an order dated July 6, 2026.According to the details provided, which were finalized on July 8, 2026, JB Chemicals now stands as amalgamated into Torrent Pharma. The scheme of amalgamation includes an Appointed Date of January 21, 2026.This...

Accent Microcell Announces Book Closure Ahead of 14th Annual General Meeting Accent Microcell Limited has announced the book closure period for its members in preparation for the company's 14th Annual General Meeting (AGM). The record books will be closed from Saturday, July 25, 2026, to Friday, July 30, 2026.The purpose of the book closure is to ascertain the membership status of the Company’s members for the forthcoming AGM, which is scheduled for Friday, July 31, 2026.For those interested in participating in remote e-voting at the AGM, the cut-off date to determine eligibility is Friday, July 24, 2026, set prior to the commencement of the book closure period.The company confirmed that during this designated period, the Register...

CRISIL ESG Rating Assesses Adani Green Energy Limited; Company Retains 'Strong' Category Status Adani Green Energy Limited has been assigned specific environmental, social, and governance (ESG) ratings following a review by CRISIL ESG Ratings & Analytics Limited. The ratings affirm the company’s standing within the designated sustainability framework.The assessment provided by CRISIL ESG Ratings & Analytics Limited details both an overall ESG rating and a Core ESG rating for Adani Green Energy Limited. Based on these scores, the company continues to be categorized under the 'Strong' ESG rating category.Details of the ratings received are presented below:Rating TypeAssigned RatingStatusOverall ESG RatingCrisil ESG 6 9Strong...

Info Edge Stock Surges 4% as Robust Q1 Growth and Major Acquisition Signal Drives Rally Info Edge (India) shares continued their upward trajectory on July 8th, posting a gain exceeding 4%. This performance made it the top gainer among Nifty 200 constituents. The stock rally is underpinned by strong business fundamentals revealed in its recent quarterly update.Financial Performance Highlights for Info Edge Q1 The company reported robust growth across its segments during the quarter ending June 2026. Info Edge's Q1 standalone billings saw a notable increase of 14.4% year-on-year (YoY). This brought total billings to Rs 737 crore, up from Rs 644.20 crore reported in the prior quarter.The Recruitment Solutions business (spanning...