Markets

Shalimar Wires Industries Ltd Approves Key Appointments and Announces Extra Ordinary General Meeting The Board of Directors of Shalimar Wires Industries Ltd, during a meeting held in Kolkata on July 4, 2026, sanctioned significant corporate actions, including the appointment of an additional independent director and the scheduling of an Extra Ordinary General Meeting (EGM).A key outcome of the board proceedings was the approval for the appointment of Mr. Sanjay Kumar Kaushik (DIN: 00329013) as an Additional Director on the company's Board of Directors. This appointment is subject to the subsequent approval of the shareholders of Shalimar Wires Industries Ltd.To convey these decisions and other matters, the company will convene an...

Market Price Movements Clarified as Management States No Role in Stock Increase Marble City India Limited has stated that recent movements in the price of its security are purely market driven, asserting that the company, management, and promoters have no role in the increase.The clarification comes after scrutiny regarding significant movement in the security's price. The company confirmed that it has complied with all necessary disclosure requirements.Management members and promoters confirmed that they do not possess any price sensitive information that is unknown to the public.Regarding future market activity, Marble City India Limited committed to disclosing any sensitive information as and when it arises, ensuring compliance...

SEBI Exempts Succession Transfer in Waaree Energies: Family Trust Acquires Stake Without Mandatory Open Offer Regulator Clears Internal Succession Plan for Waaree Energies Securities and Exchange Board of India (SEBI) has granted a significant exemption to the proposed transfer of promoter shareholding in Waaree Energies Limited. The regulator ruled that the transaction, which sees a family trust acquire substantial shares, is purely an internal succession arrangement. SEBI determined that this move does not alter control or prejudice public shareholders, thereby waiving the mandatory open offer requirement under existing regulations.The exemption allows the CT Doshi Family Trust to acquire a 44.88 percent direct stake in Waaree. This...

Chief Financial Officer Zeeshan Ali Mohammed Habibi Resigns from Shipwaves Online Limited Shipwaves Online Ltd has announced the resignation of its Chief Financial Officer, Mr. Zeeshan Ali Mohammed Habibi, citing personal reasons. The company confirmed that he will be relieved from his duties with effect from close of business hours on July 6, 2026.Mr. Habibi submitted his resignation due to his inability to devote sufficient time to the affairs of Shipwaves Online Ltd. He resigned following a letter dated July 3, 2026. The company stated that there are no other material reasons for his departure beyond those already mentioned.The details of the CFO's resignation and tenure were provided as follows:ParticularsDetailsReason...

India-Israel Bilateral Investment Agreement Comes Into Force, Prompting Surge in Cross-Border Investment Opportunities The India-Israel Bilateral Investment Agreement (BIA) has officially come into force on July 4, ushering in a significant new chapter for economic cooperation between the two nations. This strategic pact, signed on September 8, 2025, is set to profoundly strengthen bilateral economic ties by establishing secure and predictable investment climates for businesses operating across both borders.Strengthening Bilateral Ties with the BIA The newly operational BIA reinforces the commitment of both countries to mutual growth while adhering to modern principles of international investment law. The Finance Ministry stated that...

Kilburn Office Automation Ltd Declares Unmodified Audit Opinion on Quarterly and Year-to-Date Financial Results Kilburn Office Automation Limited has published its quarterly and year to date audited standalone financial results for the period ending March 31, 2026. The company confirmed that the results were subject to an unqualified audit opinion.The management of Kilburn Office Automation Ltd provided the financial results as per Indian Accounting Standards. These results detail the performance and financial position against the quarter ended March 31, 2026, and the year to date for the period spanning April 1, 2025, to March 31, 2026.Financial Performance Overview The company reported a net loss in both the quarterly and the year...

HLE Glascoat Ltd Announces Resignation of Chief Financial Officer Naveen Kandpal HLE Glascoat Ltd has announced a change in its Key Managerial Personnel (KMP) following the resignation of Mr. Naveen Kandpal, who serves as the company's Chief Financial Officer (CFO).Mr. Kandpal tendered his resignation due to personal reasons and will cease to be the CFO of HLE Glascoat Ltd effective from July 3, 2026, after the close of business hours. Consequently, he will also stop being a KMP for determining the materiality of any event or transaction for required disclosures, effective July 3, 2026.The resignation details confirm the following key information regarding the change in personnel:ParticularsDetailsReason for ChangeResignation...

Manglam Infra & Engineering Limited Secures Contract Award from MPRRDA for Road Development Project Manglam Infra & Engineering Limited has secured a contract award with the Madhya Pradesh Rural Road Development Authority (MPRRDA) in Bhopal, focusing on infrastructure planning related to the PMGSY-IV Bridges Package. The project involves the preparation of the DPR Consultancy (Detailed Project Report) for works under this package in Barwani district.The contract awarded by MPRRDA is valued at Rs. 38,53,980 (Rupees Thirty Eight Lakh Fifty Three Thousand Nine Hundred Eighty Only), excluding GST. The scope of work includes providing the DPR Consultancy services for PMGSY-IV Bridges Package No. PMGSY-. IV /DAJGUA/Brg./10 in Barwani (Nodal...

Baazar Style Retail Limited Expands Footprint with New Store Opening in Varanasi Baazar Style Retail Limited has announced a significant step in its ongoing retail expansion, revealing the opening of a new store of Style Baazar. The latest addition is located at Gilat Bazar in Varanasi, Uttar Pradesh.The introduction of this new outlet underscores the company's steady growth and expanding reach across markets. Following the opening in Varanasi on July 04, 2026, Baazar Style Retail Limited reported that its total store count has increased substantially. The company now operates a network comprising 274 stores.STYLEBAAZA Stock Price Movement On Friday, shares of Baazar Style Retail Limited rallied, closing at ₹323.15 after gaining...

Black Box Limited Confirms Cessation of Senior Management Personnel Black Box Limited has announced that Mr. Jai Venkat is no longer associated with the company in his capacity as Head of Sales -GSI Americas. The cessation was effective from June 30, 2026, citing an internal reason for the change.The Company stated that while the departure of the senior management personnel occurred, it has had no adverse impact on the day-to-day functioning and operations of Black Box Limited. Management is actively engaged in finding a suitable replacement candidate for the position and will keep stakeholders informed upon the finalization of the new appointment.Details regarding the change in senior management personnel are as follows...

Govt Boosts Onion Procurement Price by 13% to ₹2,125 per Quintal as Buffer Stock is Strengthened The Government has significantly enhanced support for onion farmers by increasing the procurement price for onions utilized in the Price Stabilisation Buffer. Effective from July 4, 2026, the purchase rate through NAFED and NCCF has been raised by 13%.The revised procurement price moves from ₹1,875 per quintal to the new rate of ₹2,125 per quintal. This increase is specifically intended to ensure better returns for onion farmers while strengthening efforts related to buffer stock creation. Procurement operations are currently underway through these designated agencies.Government Elevates Farmer Welfare and Buffer Procurement The price...

Avi Ansh Textile Limited Appoints Hardik Chudasama as Company Secretary and Compliance Officer Avi Ansh Textile Limited has appointed Mr. Hardik Chudasama as its Company Secretary and Compliance Officer. The appointment was made following a Board of Directors meeting held on July 04, 2026, and the role is effective from that date.The company announced the approval of the appointment by the Board of Directors' Nomination and Remuneration Committee. Mr. Chudasama will assume the role of Key Managerial Personnel, taking charge as the Company Secretary and Compliance Officer starting July 04, 2026.Details regarding the appointment and professional profile of Mr. Hardik Chudasama have been provided in connection with this change in...

Manglam Infra & Engineering Limited Secures Rs 43 Lakh Contract for DPR Consultancy in Madhya Pradesh Manglam Infra & Engineering Limited has secured a contract from the Madhya Pradesh Rural Road Development Authority (MPRRDA) to handle the Preparation of Detailed Project Report (DPR) for bridges under the PMGSY-IV project.The company received the Letter of Award (LOA) from MPRRDA, Bhopal, M.P., for works related to Bridges Package No. PMGSVY-IV /DAJGUA/Brg./12 in Barwani District. The contract value for this assignment is Rs 43,61,256/- excluding GST.The project details confirm that Manglam Infra & Engineering Limited will be executing the consultancy work over a period of three months. The authority awarding the order is...

Super Iron Foundry Secures Major Working Capital Loans from UCO Bank and Bank of India Super Iron Foundry Ltd., formerly known as Super Iron Foundry Pvt. Ltd., has secured two substantial loan agreements to meet its working capital requirements, finalizing transactions with both UCO Bank and Bank of India.The company formalized a credit facility agreement with UCO Bank for ₹ 9,71,00,000 (Rupees Nine Crore Seventy-One lakh only). This secured loan is intended for meeting the working capital needs of the company and was executed on July 04, 2026. The facility includes a charge on property located at Mouza Sarpi, JL No. 36 & Jhanjra JL No. 34, PO Laudoha, PS Faridpur under Laudoha gram panchayat at Durgapur, Burdwan.Additionally, Super...

G R Infraprojects’ Subsidiary Receives Completion Certificate for Rajasthan Expressway ProjectG R Infraprojects Limited has received a significant update regarding its infrastructure portfolio after a subsidiary project achieved completion status. The completion certificate was issued by an Independent Engineer, confirming that the construction of a major expressway spur is complete and ready for commercial operations.The project in question involves the "Construction of 4-Lane Greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-I" in the state of Rajasthan, which was undertaken by GR Bandikui Jaipur Expressway Private Limited, a wholly owned subsidiary of the...

Bikaji Foods completes additional share subscription of $29,00,000 in US-based subsidiary Bikaji Foods International Ltd (BFIL) completed an additional subscription for shares in its wholly-owned subsidiary, Bikaji Foods International USA Corp (Bikaji USA). The transaction, which occurred on Saturday, July 04, 2026, involved the purchase of 2,90,000 shares of Common Stock of $10 each by the company.The additional subscription amounted to $29,00,000. Following this investment, BFIL's shareholding percentage in Bikaji USA remained unchanged, as the entity is already a Wholly-Owned Subsidiary (WOS) of BFL.Bikaji Foods International Ltd established Bikaji USA on July 10, 2023, incorporating it in New Jersey, USA. The subsidiary operates...

Cargosol Logistics Board Approves Up to USD 15 Million Raise through Foreign Currency Convertible Bonds Cargosol Logistics Ltd's Board of Directors approved several key strategic matters during its meeting on July 04, 2026, including the authorization to raise funds by issuing Foreign Currency Convertible Bonds (FCCBs). The board also greenlit an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for upcoming business activities.The Board approved the proposal to raise funds through the issue of FCCBs up to a total aggregate amount not exceeding USD 15 Million. This fundraising effort can be executed through various methods, including preferential issues on a private placement basis, qualified institutional placement...

Bina Rashmikant Acharya Acquires 12.76% Stake in Market Creators Limited Binarashmikant Acharya has acquired a significant stake in Market Creators Limited, purchasing 13,40,000 equity shares of the company. The acquisition was completed on July 1, 2026.The transaction involves Binarashmikant Acharya, who acquired the shares from an undisclosed seller. This purchase represents a 12.76 percent stake in Market Creators Limited. Prior to this acquisition, there was no holding of shares by Mr. Acharya in Market Creators Limited. Following the purchase, his total holding stands at 13,40,000 shares, equating to 12.76 percent of the company's stock.The details of the shareholding before and after the acquisition are presented below...

Skipper Ltd receives credit rating updates from Crisil for bank facilities Skipper Ltd has received updated credit ratings from Crisil Ratings Limited concerning its bank facilities, covering both long-term and short-term obligations. The ratings reflect specific assessments of the company’s financial standing as assessed by the agency.The assignments cover two distinct categories of banking facilities: Long Term Bank Facilities and Short Term Bank Facilities.Details regarding these credit ratings are presented below:FacilitiesAmount (in ₹ crore)RatingRating ActionLong Term Bank FacilitiesRs.4621Crisil A+/StableUpgradedShort Term Bank FacilitiesRs.4301Crisil A1ReaffirmedThe credit rating action for the long-term bank...

Arvaya Healthcare Appoints Executive Director Bidari Kotresh Anilkumar ARVAYA HEALTHCARE LIMITED has approved the appointment of Mr. Bidari Kotresh Anilkumar as an Additional Director and Executive Director, effective July 4, 2026. This decision was taken following a Board meeting held by the company on Saturday.The appointment is based on the recommendation of the Nomination & Remuneration Committee. Mr. Kotresh Anilkumar has been appointed for a term of three years, making him liable to retire by rotation. The appointment remains subject to the approval of the Company’s Members through an Ordinary Resolution.ARVAYA HEALTHCARE LIMITED, formerly known as Bijoy Hans Limited, confirmed that Mr. Kotresh Anilkumar is not debarred from...