Markets

ICRA Reaffirms Karur Vysya Bank's Issuer Rating at [ICRA]AA (Stable) Karur Vysya Bank Ltd has received a reaffirmation of its credit rating from ICRA. The rating details confirm that the bank maintained its position in the Issuer Rating category as of June 29, 2026.The credit rating update places Karur Vysya Bank within the stable segment of the specified rating agency.Key details of the reaffirmed rating are presented below:Credit Rating AgencyInstrumentNew RatingRating ActionICRAIssuer Rating[ICRA]AA (Stable)ReaffirmedThe bank secured this credit rating on June 29, 2026.KARURVYSYA Stock Price Movement On Friday, Karur Vysya Bank Limited shares slipped by 0.85% to close at ₹291.80. The stock saw substantial activity...

Sangam India Ltd. Grants Employee Stock Options totaling 5,08,500 under ESOP Scheme, 2022 Sangam India Ltd. has approved the grant of employee stock options to eligible employees through its Employee Stock Option Scheme, 2022. The options were granted by the company's Nomination and Remuneration Committee and are designed to motivate employees within the organization.The grant comprises a total of 5,08,500 stock options. Under the terms of the scheme, each option grants the holder the right to receive one equity share of Sangam India Ltd., which is valued at Rs 10/- each upon exercise. The entire allocation covers 5,08,500 Equity Shares of the Company, priced at Rs 10/- per share.The options were granted under the provisions of the...

Shakti Pumps Secures Contract Worth Rs 353.89 Crore for Solar Pumping Systems in Maharashtra Shakti Pumps (India) Limited has secured a significant contract award from Maharashtra State Electricity Distribution Company Limited. The company received a Letter of Empanelment to supply off-grid solar photovoltaic water pumping systems across the state of Maharashtra.The contract involves supplying 15,000 units of Solar Photovoltaic Water Pumping Systems (SPWPS) pumps, designed for use under the Magel Tyala Saur Krushi Pump Yojana scheme. The pumps offered are specified to be in 3 HP, 5 HP, and 7.5 HP capacities.The total commercial consideration for this order is Rs 353.89 Crores, inclusive of GST. This amount corresponds to a work...

Arvind Limited Issues Notice Regarding Postal Ballot and E-Voting Schedule Arvind Limited announced the publication of a notice detailing the schedule for its Postal Ballot and E-Voting process. The notification was released in response to shareholder voting requirements.The information regarding the Postal Ballot and e-voting details has been published via a newspaper advertisement in Financial Express, available in both English and Gujarati editions. This announcement was made on July 4, 2026.ARVIND Stock Price Movement Shares of Arvind Limited on Friday slipped by 0.37% to settle at ₹569.05, as traders closed out the day with a noticeable pullback from previous levels. The stock traded within a range spanning from a low of...

Defense Exports Surge 57 Times as India Declares Transformation from Shortages to Viksit Bharat Defence Sector Records Record Highs as 'Make-in-India' Gains Global Trust Raksha Mantri Shri Rajnath Singh stated that the journey of India over the past twelve years represents a significant progression, moving from addressing shortages to achieving self-reliance and progressing towards becoming a Viksit Bharat. He highlighted how the government’s policy framework is actively establishing the foundation for this future transformation through a 'Reform, Perform, Transform' strategy.The Minister emphasized that 'Make-in-India', launched in 2014, has successfully set new benchmarks despite early skepticism from global quarters. He asserted...

Aravali Securities & Finance Ltd holds 46th Annual General Meeting, Approves Financials and Director Appointments Aravali Securities & Finance Limited held its 46th Annual General Meeting (AGM) on Saturday, July 04, 2026. The meeting was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The AGM commenced at 12:00 noon and concluded at 12:28 p.m.The board members in attendance included Ms. Chandra Lekha Poddar, Additional Director and Chairperson; Mr. Subhash Chand, Independent Director; Mr. Rakesh Bhartia, Independent Director; Mr. Tara Chand Sagar, Independent Director; Mr. Shiv Poddar, Additional Director; Ms. Malvika Poddar, Director; Mr. Ved Prakash Arya, Independent Director; Mr. Naresh Kumar Magoo...

Spectra Industries Limited Committee of Creditors Approves Insurance Renewal and CIRP Costs The Committee of Creditors (CoC) of Spectra Industries Limited met on Friday, July 3, 2026, to review critical aspects of the Corporate Insolvency Resolution Process. The meeting commenced at 04:00 P.M. and concluded an hour later at 04:20 P.M.During the meeting, the Committee addressed several important matters related to the ongoing resolution process. Key decisions included the approval and consideration of the renewal of the insurance policy for the Corporate Debtor. Furthermore, the CoC reviewed and approved the costs incurred for the Corporate Insolvency Resolution Process (CIRP) up to that date.The meeting also involved reviewing the...

Marble City India Ltd Clarifies That Management Has No Role in Stock Price Movement Marble City India Ltd has clarified its position regarding recent movements in the price of its security, asserting that the increase is purely a market driven activity.The company stated that neither the management nor the promoters of Marble City India Ltd hold any role in the rise of the stock price. Furthermore, the company confirmed that its management and promoters do not possess any price sensitive information that is undisclosed to the public.In response to scrutiny over the security's increased valuation, the company maintained that the increase was entirely market driven. The statement reiterated that the management and promoters are...

Board Approves Appointments of Several Directors at Julien Agro Infratech Ltd Julien Agro Infratech Ltd announced that its Board of Directors, during a meeting held on July 04, 2026, approved the appointment of several new directors. The appointments included two additional Executive Directors and three additional NonExecutive Independent Directors, effective from the conclusion of the Board meeting.The Board's decision followed recommendations from the Nomination and Remuneration Committee and the Audit Committee for certain positions.Key Appointments Made by the Board Three independent members were appointed to the company. Mrs. Deepa Garg, Mrs. Meenu Jain, and Mrs. Pushpa Joshi were all approved as Additional NonExecutive...

Hawkins Cookers Ltd. Recommends Rs 140 Per Share Dividend; Sets July 22 as Record Date Hawkins Cookers Limited has announced that its Board of Directors recommended a dividend of Rs 140 per equity share for shareholders. The recommendation pertains to the financial year ended March 31, 2026.The decision was made during a Board meeting held on May 28, 2026. This proposed dividend is subject to approval by shareholders at the company's ensuing 66th Annual General Meeting (AGM), which is scheduled for July 29, 2026. If approved, the dividend is slated for payment no later than August 28, 2026.The company has fixed Wednesday, July 22, 2026, as the 'Record Date' for the dividend payout. As per this date, those shareholders whose names...

7NR Retail Ltd Receives Request for Reclassification from Promoter to Public Category 7NR Retail Ltd has received a formal request seeking the reclassification of its promoter status to the public category. The undertaking was submitted by Mr. Umang Vijaykumar Trivedi, who is part of the Promoter group individual involved in the matter.The request pertains to the change in classification from 'Promoter' to 'Public', following confirmation of certain criteria relating to shareholding and control.The details of the promoter seeking reclassification are provided below:Sr. No.Promoter NameCategoryNo. of SharesPercentage of Holding1.Mr. Umang Vijaykumar TrivediPromoter00.00%As part of the reclassification process, Mr. Trivedi...

Sera Investments & Finance India Ltd Announces Resignation of Independent Director Sera Investments & Finance India Limited has announced the resignation of Saurabh Shah from his position as a Non-Executive Independent Director of the company, effective July 1, 2026.The resignation was tendered by Mr. Saurabh Shah due to personal reasons. In his letter, he confirmed that there were no other material reasons for his departure beyond those stated in his resignation. The Board of Directors had approved and noted the resignation during its meeting held on July 1, 2026.The company reported that Mr. Shah does not hold any directorships in other listed entities.Key details regarding the change in directorial status are summarized below...

CMR Green Technologies Limited Updates Corporate Identification Number Following Stock Exchange Listing CMR Green Technologies Limited has formally updated its corporate identity following the equity shares listing on stock exchanges, confirming a change in its Corporate Identification Number (CIN) and updating its company status from Unlisted to Listed.The Company's CIN has been changed from 'U00337HR2005PLC085675' to 'L00337HR2005PLC085675'. This update reflects the transition and listing status of CMR Green Technologies Limited.Key financial and corporate information regarding the Company includes:Date of Incorporation: 23/08/2005 Authorised Capital: 53,34,26,780 Rs Paid up Capital: 43,81,10,978 Rs Date of last Balance Sheet...

Alan Scott Enterprises Ltd Appoints Mr. Kakkayur Palliyil Pradeep as Additional Independent Director Alan Scott Enterprises Limited has appointed Mr. Kakkayur Palliyil Pradeep as an Additional Independent Director. This appointment was approved by the Company's Board of Directors and is effective from July 04, 2026.Mr. KP Pradeep will serve in this capacity until the date of the ensuing Annual General Meeting. Following approval by the Members, he is expected to hold office for a period of five consecutive years starting from the initial effective date of appointment.The Board recognized Mr. KP Pradeep's extensive experience and expertise in corporate governance. He is described as a seasoned business leader with over 20 years of...

Shipwaves Online Ltd Appoints Whole-Time Director as Chief Financial OfficerShipwaves Online Ltd has approved the appointment of Mr. Mohammed Sahim Haris as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company. The decision was ratified by the Board of Directors at its meeting held on July 4, 2026, and the appointment is set to be effective from July 7, 2026.The appointment follows a recommendation made by the Nomination and Remuneration Committee. Mr. Haris, who is also a Whole-Time Director, will assume the role of CFO.Background and Profile Mr. Mohammed Sahim Haris holds a Bachelor of Business Administration (BBA) in Logistics and Supply Chain Management from Manipal. He brings relevant experience...

Hawkins Cookers Limited Releases Sustainability Report Highlighting ESG Commitments and Operational Focus Hawkins Cookers Limited has published its Business Responsibility and Sustainability Report for the Financial Year (FY) 2025-26, detailing its operations, environmental stewardship, and commitment to ethical conduct. The report provides a comprehensive look at the company’s activities across global markets, workforce management, and resource conservation efforts.Operational Scope and Market Presence Hawkins Cookers Limited is a company incorporated on February 25, 1959. As of FY 2025-26, the entity maintains significant operational capacity with four plants and two offices located nationally. The company serves customers including...

CIT(A) Sustains Tax Additions against Abacus Real Estate, Subsidiary of Kalpataru Ltd The Commissioner of Income Tax (Appeal) has dismissed the appeal filed by Abacus Real Estate Pvt Ltd, a wholly owned subsidiary of Kalpataru Ltd., upholding additions made by the Income Tax Officer. The ruling pertains to an assessment order for the Assessment Year 2013-14, resulting in a net tax demand of Rs. 9.20 crore.The verdict relates to an appeal filed by Abacus against the original assessment order issued by the Income Tax Officer. Initially, the tax demand, inclusive of interest, amounted to Rs. 15.44 crore.Following the proceedings before the CIT(A), which dismissed the appeal and sustained the additions made by the Income Tax officer...

Digital Fibre Infrastructure Trust Announces Sixth Annual General Meeting via Video Conferencing Digital Fibre Infrastructure Trust (the Trust) has scheduled its Sixth Annual General Meeting (AGM) for Unitholders, which will be conducted through Video Conferencing (VC) or other audio visual means (OAVM). The AGM is set for Monday, July 27, 2026, at 4:00 p.m. (IST).The Trust has released the notice outlining several ordinary business items scheduled for consideration during the meeting. These agenda items focus primarily on the financial performance and asset valuation of the Trust for the last financial year.Key Agenda Items The AGM is scheduled to address two primary areas: the approval of the audited financial statements and the...

New Markets Avenue Ltd Approves Warrant Conversion, Appoints Secretarial Auditor New Markets Avenue Limited announced a significant corporate development, confirming the conversion of warrants into equity shares and appointing a specialized firm as its Secretarial Auditor. The decisions were approved by the Board of Directors during a meeting held on July 04, 2026.Warrant Conversion Details The Board considered and approved the conversion of 53,00,000 warrants into an equal number of Equity Shares. These shares were allotted at par, with a face value of Rs. 10/- each, on a preferential allotment basis to several allottees who exercised their rights of conversion.The total number of warrants applied for conversion was 53,00,000...

Kalyani Cast-Tech Ltd Approves Preferential Issue of Convertible Warrants Worth Nearly ₹19 Crore Kalyani Cast-Tech Limited announced a major capital raising initiative, approving the issue of 3,23,123 Convertible Equity Warrants on a preferential basis. The offer is valued at up to ₹18,80,57,586 and is intended to support the company's expansion plans and working capital requirements.The proposal was presented in a Special Resolution scheduled for approval by members at an Extra Ordinary General Meeting (EGM) set for July 28, 2026. The Warrants are priced at ₹582 per unit (inclusive of subscription and exercise price).Allotment Structure and Participants The preferential offer targets both promoter groups and non-promoter investors...