Markets

Prof. Sunil Kumar Maheshwari Appointed Vice-Chairman as KPI Green Energy Enters Next Growth Phase Prof. Sunil Kumar Maheshwari has been appointed as the Vice-Chairman of KP Group. He has also joined the Board of Directors of the group's three listed companies: KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited.The appointment brings decades of academic expertise, governance experience, and corporate boardroom exposure to KP Group, reinforcing its leadership bench as the organization moves into a new phase of growth.Background and Experience Prof. Sunil Kumar Maheshwari possesses nearly four decades of professional experience spanning academia, public sector leadership, and industry engagement. His advisory...

KP Group Appoints Prof. Sunil Kumar Maheshwari as Vice-Chairman Amid Growth Phase KP Group has welcomed Prof. Sunil Kumar Maheshwari as the Vice-Chairman, signaling a significant step as the conglomerate enters its next phase of growth and expansion. In this expanded role, Prof. Maheshwari has also joined the Boards of Directors for three of the Group's listed entities: KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited.The appointment brings nearly four decades of extensive experience across various sectors to the KP Group. Prof. Maheshwari’s professional engagement spans academia, public sector leadership, and industry consultation, focusing on power, energy, infrastructure, banking, healthcare, logistics...

Apar Industries Board Resolves Change in Shareholder Approval Method for Fundraising Plans Apar Industries Limited has announced a significant change in the strategy for seeking shareholder approval regarding its proposed fundraising activities. The company's Board of Directors approved a resolution on July 3, 2026, superseding previous plans and establishing an alternative method to secure requisite stakeholder consent.The board resolved to rescind and cancel the prior decision that sought shareholders' approval via a postal ballot. This action relates to the overall fundraising initiative involving a qualified institutions placement, rights issue, preferential allotment, or a combination of these methods.In place of the...

Prof. Sunil Kumar Maheshwari Appointed Vice-Chairman and Board Member of K.P. Energy Limited Entities Prof. Sunil Kumar Maheshwari has been appointed as the Vice-Chairman of KP Group. In this capacity, he has also joined the Board of Directors for three listed companies under the group: KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited.The appointment reinforces the leadership bench of KP Group at a critical stage in its growth journey. Prof. Maheshwari brings nearly four decades of experience spanning academia, public sector leadership, and industry engagement. His professional background includes advising numerous organizations across the power, energy, infrastructure, banking, healthcare, logistics, and...

Coffee Day Enterprises Ltd Announces Board Meeting to Review Q1 Unaudited Financial ResultsCoffee Day Enterprises Ltd has scheduled a meeting of its Board of Directors to review the Standalone and Consolidated Unaudited Financial Results for the quarter ending June 30, 2026.The company announced that the Board meeting is set to take place on Thursday, August 6, 2026. The meeting will be held at the registered office of Coffee Day Enterprises Ltd.The primary purpose of the scheduled board meeting is to consider the unaudited financial results for the quarter ended June 30, 2026. This marks the formal process through which the company’s performance during that period will be reviewed by its directors.COFFEEDAY Stock Price Movement...

Anthem Biosciences' Credit Ratings Revised by ICRA; Multiple Instruments Rated AA Stable Anthem Biosciences Ltd has received revised credit ratings for several of its bank facilities from ICRA Limited. The agency assessed various instruments, resulting in upgrades and stable outlooks across multiple categories, as part of its rating assessment.ICRA’s updated evaluation covered fund-based working capital, term loans, non-fund based limits, and unallocated limits. The ratings reflect an improvement or stability following previous assessments for these specified facilities.The key aspects of the revised credit ratings are detailed below:InstrumentRated Amount (Rs. Crores)RatingKey Change/StatusLong Term/Short Term - Fund Based -...

Marsons Ltd secures purchase order worth ₹17.93 crore for supply of power transformers Marsons Ltd has secured a significant domestic purchase order from S.T. Electricals Pvt. Ltd. The contract involves the supply of 10 MVA Power Transformers and is valued at approximately ₹17,93,60,000.00, inclusive of GST.The agreement outlines that the complete execution of this order must be completed within a period of six months.Details regarding the order awarded to Marsons Ltd are provided below:DetailDescriptionCustomer EntityS. T. Electricals Pvt. Ltd.Order NatureDomestic order for supply of 10 MVA Power TransformersTotal Consideration (incl GST)₹17,93,60,000.00Contract DurationSix monthsRelationship StatusThe order is...

BCL Industries’ Joint Managing Director Kushal Mittal Recognized in Avendus Wealth - Hurun India U30 List 2026 Kushal Mittal, Joint Managing Director of BCL Industries Limited, has been recognized and featured in the prestigious Avendus Wealth - Hurun India U30 List 2026. This initiative is conducted by Hurun India in association with Avendus Wealth.The Avendus Wealth - Hurun India U30 List 2026 honors a selection of entrepreneurs aged 30 years and below. The list recognizes individuals whose innovation, leadership, and entrepreneurial vision have generated significant economic impact. The recognition celebrates "fearless first movers" and commends founders and next-generation business leaders contributing to the future of Indian...

Indian Hume Pipe Company Ltd secures Rs 738.61 Crores order for Narmada based Water Supply ProjectIndian Hume Pipe Company Ltd has secured a significant work order valued at Rs.738.61 Crores, including GST. The contract is with the Public Health Engineering Department (PHED), Government of Rajasthan, for executing the design and build of the Narmada based Water Supply Project in Barmer district.The project forms part of the JICA funded Rajasthan Rural Water Supply & Fluorosis Mitigation Project Phase II. The contract outlines various technical and operational parameters for the execution.Key details of the contract awarded to Indian Hume Pipe Company Ltd are as follows:ParameterDetailAwarding EntityPublic Health Engineering...

Tara Chand InfraLogistic Solutions Completes Q1 Capex, Acquires New Equipment for Sector Expansion Tara Chand InfraLogistic Solutions Limited has completed a significant capital expenditure (Capex) during the first quarter of Fiscal Year 2026-27. The company invested approximately Rs. 40.59 Crores (unaudited and exclusive of GST) in new equipment, bolstering its capacity across various industrial segments.The Capex includes the purchase of specialized machinery intended for deployment in Segment A, focusing on Construction Equipment Rentals. These additions are strategically aimed at expanding the company’s operational footprint within the renewable energy sector.The new acquisitions include both heavy lifting apparatus and...

Colinz Laboratories Declares Non-Applicability of SEBI Regulation 32 for June Quarter Colinz Laboratories Ltd has announced that Regulation 32 of The SEBI (LODR) Regulations, 2015 is not applicable to the company for the quarter ending June 30, 2026. This decision was made after confirming that the company had not undertaken any public issue, rights issue, preferential issue, or Qualifying Issue Process (QIP) during the specified period.The regulatory requirement concerning the Statement of Deviation or Variation for proceeds of a public issue, rights issue, preferential issue, or QIP is contingent upon the execution of such an issuance by the company. As no such corporate action was completed during the quarter, the regulation...

Krishanveer Forge Ltd receives Permission to Commission for 1MWp Solar Power PlantKrishanveer Forge Limited has secured crucial regulatory approval for its solar energy initiative, receiving the Permission to Commission (PTC) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This milestone enables the company to move forward with commissioning and generating power from its new renewable energy facility.The granting of PTC by MSEDCL on July 02, 2026 marks a significant step in Krishanveer Forge Ltd’s commitment to sustainability and the adoption of clean energy sources. The solar power plant is fully installed and ready for operations, intended to contribute substantially to the company's ongoing energy needs...

K.P. Energy Ltd Approves Grant of 76,000 Stock Options Under ESOP-2023 K.P. Energy Limited announced that its Nomination and Remuneration Committee (Compensation Committee) of the Board of Directors approved the grant of stock options under the KP Energy Employee Stock Option Plan 2023 (KP Energy ESOP-2023). The approval was granted at a meeting held on July 3, 2026.The plan involves granting 76,000 stock options to an eligible employee of the company.Details regarding the grant include:ParticularsDetailsTotal Stock Options Granted76,000 (Seventy-Six Thousand)Covered Equity Shares per OptionOne (1) Equity ShareFace Value per ShareRs. 5/- eachExercise PriceRs. 33/- per shareThe KP Energy ESOP-2023 is compliant...

Zydus Lifesciences and Apollo Hospitals Partner to Expand Access of Shield Multi-Cancer Detection Test in India Zydus Lifesciences Ltd. has signed a Memorandum of Understanding (MoU) with Apollo Hospitals to expand access to the Shield™ Multi-Cancer Detection (MCD) test across India. The collaboration involves Zydus and Guardant Health, Inc., making the advanced cancer screening tool available through Apollo Hospitals.The Shield MCD test is designed as a methylation based blood test intended for the detection of multiple cancer types, including bladder, colorectal, breast, prostate, oesophageal, gastric, liver, lung, ovarian, and pancreas cancer. The test screens for these 10 common cancers in individuals aged 45 or older who are at...

Sammaan Capital Completes Allotment of Secured Non-Convertible Debentures via Private Placement Sammaan Capital Limited on July 3, 2026, completed the allotment of secured, rated, listed, redeemable, non-convertible debentures (NCDs) through a private placement. The company allotted two distinct series of NCDs: Series I and Series II, as authorized by its Board resolution dated May 20, 2026, and subsequent resolutions.The allotment covered two tranches of debt financing, totaling INR 1400 Crores across both series.Series I comprised 8,000 secured NCDs aggregating to INR 800,00,00,000 (Indian Rupees Eight Hundred Crores). Series II included 6,000 secured NCDs, also totaling INR 600,00,00,000 (Indian Rupees Six Hundred Crores), under...

M&A Surges to $86.9 Billion as Indian Public Capital Markets Plunge in H1 2026 India’s public capital markets experienced a significant downturn during the first half of 2026, with equity and bond issuance marking three-year and four-year lows, respectively. This widespread slowdown comes sharply contrasted by a robust surge in Mergers and Acquisitions (M&A) activity, indicating that strategic deal-making is replacing reliance on public funding for growth.Equity Capital Markets Struggle; Follow-ons Sustain Limited Activity The equity capital markets (ECM) found stability primarily through follow-on offerings, which accounted for 77% of all equity proceeds and raised $12.7 billion. Even these vital deals saw a decline of 33% compared...

Adani Enterprises Stock Dips as QIP Fixed at 9% Discount Despite Massive Upsize to ₹15,000 Crore Adani Enterprises shares fell in the market on Friday after the company fixed the indicative price for its Qualified Institutional Placement (QIP). The decision was made despite the deal being significantly upsized and demonstrating robust investor interest. The QIP’s new size has been increased to a substantial ₹15,000 crore, escalating from an initial base of ₹10,000 crore.The indicative issue price was set at ₹2,883 per share. This pricing reflects a 9.3 percent discount relative to Thursday's closing price. Furthermore, the QIP represents a 5 percent discount compared to the SEBI floor price of ₹3,034.68 per share.Robust Demand...

US Solidifies Dominance in LPG Supply as India Aggressively Diversifies Away from Gulf Dependence The United States secured its position as India’s pre-eminent supplier of liquefied petroleum gas (LPG) in June, leading the market despite continued geopolitical instability. Imports reached 773.78 thousand metric tonnes (TMT), marking a significant surge of 19.4 percent compared to May figures, according to data from Kpler.This strong performance highlights a strategic shift within India’s energy procurement basket. While the US is expanding its role, this move forms part of a broader national strategy aimed at reducing dependence on any single country or region for vital energy supplies.Diversifying Energy Imports Amid Geopolitical...

K.P. Energy Limited Appoints Prof. Sunil Kumar Maheshwari as Vice Chairman; Amit Khandelwal Resigns K.P. Energy Limited announced key changes in its board composition following a Board meeting held on July 3, 2026. The board approved the appointment of Professor Sunil Kumar Maheshwari and took note of the resignation tendered by Mr. Amit Khandelwal.The company appointed Prof. Sunil Kumar Maheshwari (DIN: 02317160) as an Additional Director/Whole Time Director designated as Vice Chairman, effective July 3, 2026. This appointment follows a recommendation from the Nomination and Remuneration Committee. The role carries a tenure of five years and is subject to shareholder approval. Prof. Maheshwari has been confirmed as unrelated to any...

Markolines Pavement Technologies Targets Strategic Expansion into Marine Infrastructure Sector Markolines Pavement Technologies Limited is expanding its service offerings by planning a strategic move into the marine infrastructure construction and maintenance segment. The company intends to leverage its existing capabilities in engineering, construction, and maintenance across adjacent infrastructure sectors.The proposed expansion focuses on capitalizing on emerging opportunities within the growing marine and port infrastructure sector. Markolines believes its expertise positions it well for participation in this dynamic market.The firm is currently evaluating projects and bids related to several specific areas of marine...