Markets

Eco Hotels Completes Conversion of Partly Paid-Up Equity Shares Post Third Call Eco Hotels And Resorts Ltd has approved the conversion of a significant number of partly paid-up equity shares into fully paid-up capital, following the receipt of payment for the Third and Final call on these outstanding shares. The conversion was finalized by the company’s Rights Issue committee meeting held on July 04, 2026.The action relates to Rights Equity Shares originally allotted on September 26, 2025. These shareholders were required to make a payment of Rs 3.80 per share (comprising Rs 2.50 toward face value and Rs 1.30 towards securities premium) as the Third and Final call installment.The payments mark the completion of the capital structure...

Jaro Institute of Technology Management and Research Ltd Approves 17th AGM, Sets Record Date for Final Dividend Entitlement Jaro Institute of Technology Management and Research Ltd has set the schedule for its upcoming 17th Annual General Meeting (AGM) and announced a specific Record Date to determine members' entitlement to the final dividend for the financial year 2025-26.The Board of Directors approved the convening of the 17th AGM, which is scheduled to be held on Tuesday, July 28, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means (VC/OAVM).A key outcome of the board meeting was the fixation of Tuesday, July 21, 2026, as the Record Date. This date is designated for determining the...

Vimta Labs Limited pays dividend of two rupees per equity shareVimta Labs Limited announced the payment of a dividend to its shareholders following the approval by shareholders at the Annual General Meeting (AGM). The company distributed a dividend equivalent to approximately 2/- (Rupee Two only) per equity share, which has a face value of Z2/- each.The dividend was paid out to eligible shareholders on July 4, 2026. This payment completes the commitment related to the dividend for the financial year 2025-26.VIMTALABS Stock Price Movement Shares of Vimta Labs Limited on Friday slipped by 0.11% to settle at ₹585.45. The stock traded during the session between a low of ₹580.35 and a high of ₹599, achieving a reported trading volume...

SYLPH APPOINTS NEW DIRECTORS AMID STRENGTHENING GOVERNANCE SYLPH Industries Limited (formerly Sylph Technologies Limited) has appointed two experienced professionals, Mr. Sany Patel and Ms. Shefaliben Mahek Gandhi, as Additional Non-Executive Independent Directors. The Board of Directors approved the appointments during a meeting held on July 4, 2026.The appointments are aimed at strengthening the company's corporate governance structure, with both individuals bringing specialized expertise in finance and risk management to their respective roles.Mr. Sany Patel, who was appointed as an Additional Non-Executive Independent Director, is a seasoned professional specializing in banking and financial services. He brings over 10 years of...

Kerala LoP Vijayan Pushes SEBI to Halt Adani Vizhinjam Port Stake Transfer Over Alleged Concession Breach Stakes Raised Over Proposed Foreign Takeover of Vizhinjam Port Kerala's Leader of the Opposition (LoP), Pinarayi Vijayan, has filed a formal complaint with SEBI and stock exchanges over the proposed sale of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL). This action stems from allegations that the transaction violates the terms of the concession agreement held by the Kerala government.Adani Ports and Special Economic Zone (APSEZ) recently announced that Mediterranean Shipping Company (MSC) would acquire this significant 49 per cent stake for approximately USD 1.4 billion. Vijayan alleges that the proposed move...

Krishna Institute of Medical Sciences Issues Corrigendum to EGM Notice Regarding Preferential IssueKrishna Institute of Medical Sciences Limited has issued a Corrigendum to the Notice of its Extraordinary General Meeting (EGM). This update addresses clarifications requested by exchanges and rectifies inadvertent typographical errors related to the proposed preferential issue.The EGM, scheduled for Thursday, 9 July 2026, is set to be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The notice relates to Item No. 1 of the agenda, which concerns the company's proposal for a preferential issue of equity shares.The Corrigendum was issued following observations from the National Stock Exchange (NSE). To incorporate...

Tirth Plastic Ltd Board Approves Preferential Issue of Up To 45 Lakh Shares to Non-Promoters Tirth Plastic Ltd announced that its Board of Directors approved the preferential issue of equity shares, intended for persons in the non-promoter category. The decision, taken during a board meeting on July 4, 2026, outlines the terms and procedures for the forthcoming allotment.During the meeting, the company sanctioned the issuance of up to 45,00,000 (Forty-Five Lakhs Only) equity shares. These shares are intended for persons belonging to the Non-Promoter Category and were approved with a face value of Rs. 10/- each. The preferential issue is subject to necessary approvals, including shareholder approval via Postal Ballot.In addition to...

Cipla Achieves Highest Ever Revenue in 90th Annual General Meeting; Declares ₹13 Dividend Cipla Limited celebrated its 90th anniversary and reported robust performance at its 90th Annual General Meeting held on June 25, 2026. The company announced its highest-ever yearly revenue of more than ₹28,000 crores, delivering a 13.8% margin on profit after tax while maintaining strong financial discipline across all key markets.The meeting featured extensive presentations from the management team, highlighting Cipla’s continued growth trajectory and commitment to making medicine accessible globally. During the session, the company also ratified operational audits, announced product pipeline expansions, and outlined its strategy for reaching a...

Axis Bank Posts Strong Growth in Deposits and Advances as of June 2026 Axis Bank Limited reported significant growth across its balance sheet metrics, including Gross Advances and Total Deposits, as of June 30, 2026. The bank's key figures reflect steady increases in both end-of-period and quarterly average balances across various categories.The data highlights robust performance in the area of deposits, with Term Deposits showing particular growth compared to previous periods. Gross Advances also saw marked expansion, indicating healthy loan book growth throughout the year.A detailed overview of Axis Bank’s financial metrics is provided below:MetricAs on 30-Jun-26 (₹ billion)As on 31-Mar-26 (₹ billion)As on 30-Jun-25 (₹...

Ansal Properties Resolves Corporate Insolvency Status, Confirms Director Identification Number Status Ansal Properties & Infrastructure Limited has provided updates regarding its corporate governance matters concerning a director's identification number and provided details on the management of key projects under resolution processes.Regarding compliance and directorship, Smt. Kanta Devi has addressed an issue concerning multiple Director Identification Numbers (DIN). The Regional Director allowed her to retain DIN 07185431 for subsequent filings while disabling DIN 08682540. This decision relates to the previous appointment and designation of Smt. Kanta Devi as a Non-Executive Woman Director of the company.The company also detailed...

MOIL Ltd Announces Changes in Senior Management Appointments MOIL Ltd has announced changes within its senior management team, effective July 3, 2026. The updates include a designation change for one executive and the cessation of service for another key manager.The changes detailed relate to two members of the senior management, as confirmed by the company on July 4, 2026.The personnel adjustments are summarized below:NameDesignationProfile DetailsEffective DateTerm/StatusReason for ChangeShri Rajesh Kumar Umesh SinghGeneral Manager (Mines), Group Head - IIIB.E.(Mining), 1 st Cl. MMCC, MBA-HRJuly 3, 2026As per Service rules of MOILDesignated as HoD PersonnelShri Manish MalewarGeneral Manager (Personnel)B.Sc., PGDLS...

Sylph Industries Appoints Four Directors and Accepts Resignation of Non-Executive Independent Director Sylph Industries Limited announced key changes to its Board composition following a meeting held on July 4, 2026. The company appointed four new directors—Mr. Sunil Amarchand Kalal, Mr. Gautam Chhaganbhai Mali, Mr. Sany Patel, and Ms. Shefali Mahek Gandhi—while accepting the resignation of Mrs. Divya Khandelwal from her post as Non-Executive Independent Director.The appointments were made by the Board of Directors based on recommendations from the Nomination and Remuneration Committee. The newly appointed directors hold positions effective from July 4, 2026, subject to shareholder approval. Ms. Shefali Mahek Gandhi was appointed as...

Sunil Amarchand Kalal Appointed as Additional Executive Director of Sylph Industries Ltd Sylph Industries Ltd has appointed Mr. Sunil Amarchand Kalal as an Additional Executive Director. The decision was made by the Board of Directors during a meeting held on July 4, 2026.The company announced that Mr. Kalal, who holds DIN: 08296976, is joining the board with effect from July 4, 2026. This appointment was made following a recommendation by the Nomination and Remuneration Committee of Sylph Industries Ltd.Mr. Kalal's profile indicates that he is an experienced Corporate Law and Trademark Consultant possessing over 20 years of expertise in corporate advisory, regulatory compliance, and business consultancy. His experience includes...

Sarda Proteins Approves Significant Management Changes and Boosts Authorized Capital Sarda Proteins Ltd., during its Board meeting held on July 4, 2026, announced several major corporate restructuring events, including a significant increase in authorized equity share capital, changes in senior management appointments, and the resignation of key directors.The Board Meeting reviewed and approved multiple critical operational and personnel changes for the company. These decisions cover increases to capital structure, alterations to the Memorandum of Association (MOA), and appointments within the executive team.Key Personnel Appointments and Changes The board formalized several leadership transitions, including the appointment of a new...

Impex Ferro Tech Ltd to hold 29th Committee of Creditors meeting amid CIRP Impex Ferro Tech Limited announced that the Twenty-Ninth meeting of its Committee of Creditors will be held on July 6, 2026. The meeting pertains to the company's status under the Corporate Insolvency Resolution Process (CIRP).The gathering is scheduled following an order passed by the National Company Law Tribunal. This order relates to Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), which admitted Impex Ferro Tech Limited into CIRP.

Tandhan Industries Reports Financial Results and Issues Corrigendum to Consolidated Cash Flow Statement Tandhan Industries Limited, formerly known as Sanmitra Commercial Limited, has released its Audited Standalone and Consolidated Financial Results for the fourth quarter and financial year ended March 31, 2026. The company also issued a corrigendum regarding the submission of the Consolidated Cash Flow Statement, which was previously noted due to format discrepancies.The results were approved by the Board of Directors on May 30, 2026. Concurrently, the company announced the appointment of M/s Baid & Gupta, Chartered Accountants, as an Internal Auditor for the financial year 2026-27. Furthermore, statutory auditors Laxmikant Kabra &...

Bharat Coking Coal Limited reports closure of material litigation in Jharkhand High CourtBharat Coking Coal Limited (BCCL) has confirmed that a material litigation, which was previously disclosed in its offer documents, has been closed following the disposal of a writ petition by the Hon'ble High Court of Jharkhand at Ranchi.The litigation pertained to a writ petition filed by Mahendra Singh ('Petitioner') against the State of Jharkhand and BCCL among other parties. The petition was submitted before the Hon'ble High Court of Jharkhand at Ranchi under Article 226 of the Constitution of India. It sought directions from concerned authorities regarding the arrest of accused persons in connection with a case dated July 13, 1989.BCCL...

Bonlon Industries Limited Applies for Reclassification of Promoter Group Shares to Public Category Bonlon Industries Limited has submitted an application seeking the reclassification of specific shares held by a promoter group member from the 'Promoter/Promoter Group' category to the 'Public' category. The action was initiated on July 4, 2026.The company filed the request concerning one shareholder falling under the Promoter/Promoter Group category. The application seeks to change the classification of this holding to Public following the requested reclassification.Details regarding the reclassified shares are provided below:Sr. No.Name of ShareholdersCategory (Pre - Classification)Category (Post Classification)No. of Shares...

Akums Drugs and Pharmaceuticals' Subsidiary Faces Tax Penalty Set Aside by Appellate Authority Akums Drugs and Pharmaceuticals Limited has confirmed that an order for imposing a tax penalty on its wholly-owned subsidiary, Maxcure Nutravedics Limited, has been set aside. The decision was made by the First Appellate Authority in Ahmedabad, Gujarat.The original penalty of INR 3,59,10,000/- had been imposed by the Deputy Commissioner of State Tax, Gujarat. This action was related to a violation where the shipping address was mistakenly entered incorrectly in the invoice and e-waybill for October 2025.The First Appellate Authority delivered its order on July 3, 2026, overturning the penalty imposed on Maxcure Nutravedics Limited.The...

Jammu & Kashmir Bank Appoints Rakesh Magotra as Chief Compliance Officer The Jammu & Kashmir Bank Limited has announced the appointment of Mr. Rakesh Magotra as the Chief Compliance Officer (CCO)/Group Compliance Officer (GCO). This appointment was made by the Bank's Board of Directors during a meeting held on July 04, 2026, to strengthen the institution's compliance framework and governance standards.Mr. Magotra takes up the role in place of Mr. Peer Masood Ahmad. The tenure for the new position is set at three years.Shri Rakesh Magotra brings extensive experience to the role, possessing over 30 years across retail banking, credit management, strategy, operations, governance, and business transformation. His prior experience...