Markets

N. Rangachary Resigns as Chairperson of CDSL Subsidiary Centrico Insurance Repository Limited Central Depository Services (India) Limited has announced the resignation of Shri N. Rangachary from the post of Chairperson of Centrico Insurance Repository Limited.The subsidiary of Central Depository Services (India) Limited, which was previously known as 'CDSL Insurance Repository Limited,' is reported to have seen Mr. Rangachary step down due to personal reasons.The resignation became effective from July 03, 2026. Shri N. Rangachary holds DIN 00054437 and held the position of Chairperson for the Centrico Insurance Repository Limited.CDSL Stock Price Movement Shares of Central Depository Services (India) Limited slipped by 0.22% on...

Lux Industries Ltd Approves Major Capacity Expansion at Dankuni Facility Lux Industries Ltd has announced significant plans for the expansion of manufacturing capabilities at its Dankuni facility in West Bengal, following a board meeting held on July 4, 2026. The company approved a substantial project aimed at scaling up operations and catering to future market demand.The Board approved a total project cost amounting to Rs. 600 crores. This investment covers both the acquisition of land over recent years and new capital expenditure valued at approximately Rs. 450 crores, which is designated for the capacity expansion in Dankuni.The proposed expansion will add roughly 12 lakh square feet of manufacturing and allied infrastructure...

Ashika Global Securities Seeks Shareholders to Update KYC and Banking Details for Securities Holding Ashika Global Securities Limited, formerly known as Ashika Credit Capital Limited, has initiated a process requiring all shareholders to furnish or update various Know Your Customer (KYC) details. This mandate applies to both physical and dematerialised shareholders of the company.The company informed its stakeholders that updated KYC information is crucial for ensuring smooth transaction processing and timely credit of payments.For holders of physical securities, Ashika Global Securities Limited requires comprehensive updates including PAN, contact details, bank account particulars, specimen signature updation, and choice of...

Alphalogic Industries Secures Contract from Blink Commerce Private Limited<p>Alphalogic Industries Ltd has won orders from Blink Commerce Private Limited, popularly known as 'Blinkit', for a contract involving the design, manufacturing, supply, and installation of Storage Racking Systems. The contracts cover units located in Haveli Pune in Maharashtra and Indore in Madhya Pradesh.</p><p>The order is defined as domestic business. The comprehensive scope includes providing a Storage Racking System designed and manufactured by Alphalogic Industries for the client's operations in both locations.</p><h2>Contract Details and Financial Scope</h2> <p>The total value of the contract stands at Rs. 52,10,408/- (Rupees Fifty Two Lakhs Ten...

Sylph Industries Appoints Gautam Chhaganbhai Mali as Additional Non-Executive Director Sylph Industries Ltd has announced the appointment of Mr. Gautam Chhaganbhai Mali as an Additional Non-Executive Non-Independent Director, effective July 04, 2026. The decision was made by the Company's Board of Directors following a meeting held on July 04, 2026.Mr. Mali has been appointed based on the recommendation of the Nomination and Remuneration Committee. His appointment adds to the governance structure of the company.The details pertaining to Mr. Mali’s profile and relationship with the company are as follows:AspectDetailsDate of AppointmentJuly 04, 2026Director StatusAdditional Non-Executive Non-Independent Director...

Independent Director Resigns from Mangalam Global Enterprise Ltd Mangalam Global Enterprise Ltd has confirmed the resignation of Mrs. Sarika Sachin Modi from her roles within the company's board. Mrs. Modi ceased being a Non-Executive Independent Director effective July 4, 2026.The resignation was tendered due to personal preoccupation and other professional commitments. Consequent to this change, Mrs. Sarika Sachin Modi also stepped down from her position as Chairperson and Member of the Committee of the Company. Her cessation of duties occurred at the close of business hours on July 4, 2026.The company confirmed that no material reasons existed for her resignation other than those specified in her resignation letter.Key details...

Crystal Business System Ltd Reconstitutes Key Board Committees Crystal Business System Ltd., formerly known as Sadhna Broadcast Limited, has finalized the reconstitution of several key committees within its Board of Directors, effective July 3, 2026. The changes pertain to the Audit Committee and the Stakeholders' Relationship Committee following a change in the company’s board composition.The restructuring ensures that the specialized functional oversight committees are aligned with current corporate governance requirements.Audit Committee Composition The Board of Directors has reconstituted the Audit Committee, comprising members dedicated to oversight and compliance matters. The committee structure is as follows:S. NoName of...

Mahindra & Mahindra Details Business Responsibility and Sustainability Report for FY 2025-26 Mahindra & Mahindra Limited has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, detailing the company's operational scope, environmental performance, social commitments, and supply chain governance. The report underscores the group's commitment to sustainable growth, outlining targets across carbon emissions, water management, and resource circularity.The BRSR covers the period from April 1, 2025, to March 31, 2026. Mahindra & Mahindra Ltd’s core business is manufacturing motor vehicles, trailers, semi-trailers, and other transport vehicles, accounting for 100% of its turnover. The company...

Mahindra & Mahindra Releases Business Responsibility Report for FY 2025-26; Highlights Sustainability Goals and Operational Reach Mahindra & Mahindra Limited has released its comprehensive Business Responsibility and Sustainability Report (BRSR) for the financial year spanning April 1, 2025, to March 31, 2026. The report details the company's environmental, social, and governance performance alongside its operational scope and market presence.The company reported a paid-up capital of Rs 6,21,76,44,155 for the period.Operational Footprint and Business Activities Mahindra & Mahindra Limited is primarily involved in the manufacturing of motor vehicles, trailers, semi-trailers, and other transport vehicles, accounting for 100% of the...

Maharashtra Scooters Ltd Releases BRSR Report with Independent Assurance for FY2026 Maharashtra Scooters Ltd. (MSL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, detailing its corporate conduct, environmental stewardship, and social commitments. The report includes a comprehensive set of disclosures covering various sustainability principles, which was independently assured by SGS India Private Limited.The Company, incorporated in 1975, operates primarily as a financial and insurance service entity, contributing 100% to its turnover from non-operating financial holding companies. MSL operates on a standalone basis, managing one office location nationally. The...

Maharashtra Scooters Ltd Releases Business Responsibility and Sustainability Report for FY2026 Maharashtra Scooters Ltd has released its Business Responsibility and Sustainability Report (BRSR) covering the financial year ending March 31, 2026. The report is incorporated into the company's Annual Report for the same period.The BRSR includes both Reasonable and Limited assurance reports provided by SGS India Private Limited. This release marks a key aspect of the company's sustainability disclosure commitments.MAHSCOOTER Stock Price Movement Maharashtra Scooters Limited shares slipped on Friday, closing at ₹13014 after shedding 0.08% of its value. The stock traded within a session range defined by a low of ₹13000 and a high of ₹13302.

Mangalam Worldwide Limited Announces Resignation of Independent Director Sarika Sachin Modi Mangalam Worldwide Limited has announced the resignation of Mrs. Sarika Sachin Modi from her position as a Non-Executive Independent Director, effective July 4, 2026. The company stated that she stepped down due to personal preoccupation and other professional commitments.Mrs. Modi's resignation encompassed all roles held by her within the company at the time of departure. As a result of her decision, she ceased to be both the Chairperson and a Member of various committees within Mangalam Worldwide Limited as well.The company received confirmation from Mrs. Modi that there are no material reasons for her resignation other than those stated in...

Essar Shipping Board Approves Up To Rs 10 Crore Loan from Non-Related Parties Essar Shipping Limited announced that its Board of Directors approved availing a loan from two parties: Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited. The approval was granted during the Board meeting held on July 4, 2026.The non-related party loan provides Essar Shipping with access to funds amounting up to Rs. 10 Crore. The terms of the loan stipulate that it is repayable on demand.The financial assistance is intended to meet various operational and corporate needs of the company. These purposes include working capital requirements, repayment of outstanding dues, and general day-to-day business...

Sahaj Solar Limited Approves Resignation of Secretarial Auditor and Appoints New Auditors The Board of Directors of Sahaj Solar Limited considered and approved key appointments related to the company's auditors during a meeting held on July 04, 2026. The decisions included taking note of the resignation of the previous Secretarial Auditor and approving the appointment of new professionals for both secretarial and cost auditing roles.The Board took note of the resignation of M/s Richi Prerak and Associates, Practicing Company Secretaries in Ahmedabad. The firm resigned from their duties as Secretarial Auditor for the Financial Year (FY) 2025-26, effective July 04, 2026. The company cited prior professional commitments and an increased...

Ethanol Boost: Toyota Confirms Minimal Mileage Loss as India’s Green Fuel Push Powers Farmer Incomes and Energy Security India's strategic shift towards ethanol blending has transformed its energy landscape, moving beyond a mere fuel initiative to become a pivotal policy addressing farm income, climate change mitigation, and national fuel security. According to Vikram Gulati, Country Head and Executive Vice President at Toyota Kirloskar Motor, the program has already channeled substantial benefits directly to agricultural communities while reducing reliance on imported crude oil.Gulati highlighted that the ethanol blending program has collectively saved nearly Rs 1.9 lakh crore so far. Of this saving, an estimated Rs 1.6 lakh crore...

Jana Small Finance Bank Awarded Best Data Quality Ratings by TransUnion CIBIL Jana Small Finance Bank Limited has received significant recognition for its operational excellence, being conferred two top honors in data quality by TransUnion CIBIL. The bank secured the Best Data Quality Award - SFB Consumer - Gold and the Best Data Quality Award - SFB MFI - Gold.These prestigious awards were granted by TransUnion CIBIL at their Annual Conference 2026, which was held in Mumbai on July 1, 2026. The recognition highlights Jana Small Finance Bank’s high standards in maintaining data quality across its consumer and microfinance institution (MFI) segments.JSFB Stock Price Movement Shares of Jana Small Finance Bank Limited on Friday slipped...

Swelect Energy Systems Limited Commissions 4.40 MW Solar Power Plant in Tamil Nadu Swelect Energy Systems Limited has successfully commissioned a new solar power plant, marking a significant step in its renewable energy infrastructure expansion. The company completed the commissioning of the 4.40 MW solar power plant on July 3, 2026.The facility is located at V. Muthulingapuram Village, Virudhunagar Taluk, within the Virudhunagar District of Tamil Nadu. The plant connects to the 33/11KV Naranapuram SS at a 33 KV level.According to the company, the electricity generated by this plant will be supplied to a group of consumers in the region. This energy supply operates under the Third Party Power Sale model through Intra State Open...

Sayaji Hotels Enters Agreement for New 4-Star Property in Varanasi Sayaji Hotels Limited has entered into a Hotel Management Agreement concerning a hotel property located in Varanasi, Uttar Pradesh. This agreement positions the company for expansion and aims to strengthen its presence in key northern Indian markets.The proposed development is situated in Varanasi, Uttar Pradesh. The facility will be operationalized under the brand name 'Effotel by Sayaji' and is planned as a 4-star category property.The scope of the hotel project includes 108 room keys, alongside dedicated facilities such as a Banquet Hall, Board Room, Gym, and Spa.This strategic move aligns with Sayaji Hotels Limited’s broader plans for expansion across important...

Unihealth Increases Stake in Victoria Hospital to 99.81% via Strategic Share Swap Transaction Unihealth Hospitals Limited, an integrated healthcare delivery platform operating across India and East Africa, has approved a strategic share swap transaction that will increase its stake in Victoria Hospital Limited (VHL), Uganda, from 50.00% to nearly 100%. This acquisition aims to consolidate ownership of one of the Group's fastest growing overseas assets, enhancing future earnings attributable to Unihealth Hospitals Limited shareholders and simplifying the Group structure.Upon completing the transaction, Unihealth will become almost wholly owners Victoria Hospital Limited in Uganda. The proposed acquisition involves issuing 12,50,000...

Rainbow Children's Medicare Reports on Sustainability Performance for FY 2025-26 Rainbow Children's Medicare Limited, a leading provider of comprehensive healthcare services, has released its Business Responsibility and Sustainability Report (BRSR) for the Financial Year (FY) 2025-26. The report details the company's operational scope, commitment to environmental stewardship, social responsibility measures, and ethical governance practices across its extensive hospital network.The company maintains a strong focus on aligning business growth with sustainability principles, driven by its core mission of providing high-quality pediatric, perinatal, and women's healthcare.Business Overview and Operations Rainbow Children's Medicare...