Markets

SEBI Urges Founders to Shift from 'Control' to 'Stewardship' as Enterprises Access Global Capital The Mandate for Enterprise Excellence: Insights from SEBI’s Fortune India 40 Under 40 Address In a powerful address at the Fortune India 40 Under 40 Awards, SEBI Chairman Tuhin Kanta Pandey outlined the critical transition facing modern Indian enterprise. He emphasized that while early success is celebrated, the true measure of an organization is its sustained contribution to the national economy. The event recognized leaders in both first-generation startups and established companies seeking reinvention amidst India’s massive growth opportunities.The Chairman stressed that entrepreneurs must look beyond conventional metrics like...

Vardhman Textiles Limited Announces 53rd Annual General Meeting and Releases FY 2025-26 Annual Report Vardhman Textiles Limited has announced the details for its 53rd Annual General Meeting (AGM) and made available the Annual Report for the Financial Year 2025-26.The company confirmed that the 53rd AGM is scheduled to be held on Thursday, September 17, 2026, at 10:00 a.m. IST. The meeting will be conducted through video conference (VC) or other audio visual means (OAVM).The Notice of the 53rd AGM, along with the Annual Report for the Financial Year 2025-26, has been made available for stakeholders.Members whose details are registered with the company or its Registrar and Share Transfer Agent (RTA) or Depository Participants (DPs)...

National Aluminium Company Fined Rs 14,31,340 by NSE for Non-compliance National Aluminium Company Limited has received a fine of Rs 14,31,340/- from the National Stock Exchange (NSE) following identified non-compliance with regulations during the quarter ended 30 June, 2026.The NSE imposed the fine on the company after identifying breaches related to the provisions of SEBI LODR Regulations, 2015.The details regarding the action taken by the exchange, the nature of the violation, and the financial impact are provided below.AuthorityAction TakenDate of NoticeViolation DetailsFinancial ImpactNSEImposition of fine of Rs 14,31,340/-25.08.2026Non-compliance with Regulation 17(1), 17(2A), 18(1), 19(1)/19(2), 20(2)/(2A) and 21(2) of...

SML Mahindra Limited Makes Business Valuation Report and Fairness Opinion Available to Shareholders SML Mahindra Limited has made publicly available the Business Valuation Report and the Fairness Opinion related to the proposed transaction(s) set out in its Postal Ballot Notice dated August 7, 2026.The reports were issued by BDO Valuation Advisory LLP and Ernst & Young Merchant Banking Services LLP.The Business Valuation Report was issued by BDO Valuation Advisory LLP on July 27, 2026. The Fairness Opinion was also issued on July 27, 2026 by Ernst & Young Merchant Banking Services LLP.Shareholders can access the aforementioned documents for their information on the company's website.DocumentIssuing FirmDateBusiness...

<h1>Marc Technocrats Limited Awarded Project Management Contract for NH-63 Upgradation in Maharashtra</h1>Marc Technocrats Limited (MTL) has been awarded a significant Project Management Contract (PMC) for the rehabilitation and upgradation of National Highway 63 (NH-63) in the state of Maharashtra. The contract, awarded by Pradeepraj Infra Pvt. Ltd., involves the comprehensive management of the infrastructure project.The project focuses on the Rehabilitation and Upgradation of NH-63, specifically covering the section from Udgir to Degloor and Aadampur phata to Sagroli Phata. The work includes creating a Two/Four lane configuration with a Paved Shoulder configuration, and is being executed on a Hybrid Annuity Mode. The total length...

BF Utilities Pays Fines to NSE and BSE Over Board Composition Non-Compliance BF Utilities Limited has paid fines levied by the National Stock Exchange of India (NSE) and BSE following non-compliance concerning the composition of its Board, specifically related to the requirement for an Independent Woman Director.The company confirmed that it has settled the penalties imposed by the exchanges. The fines were levied for the failure to meet certain requirements regarding the Board structure.As per the details provided, the exchanges imposed a fine of Rs. 1,82,900 each (inclusive of GST) for the non-compliance. BF Utilities Limited paid the full amount of Rs. 1,82,900 to NSE and BSE on August 26, 2026.The details concerning the...

Cyient Limited Receives CCI Approval for Acquisition of Tao Digital Solutions Inc. Cyient Limited has received approval from the Competition Commission of India (CCI) regarding the proposed combination involving the acquisition of Tao Digital Solutions Inc.The CCI granted the approval after considering the proposed combination, as conveyed in a communication dated August 25, 2026. The approval was given under Section 31(1) of the Competition Act, 2002.This development follows a previous notification by the company, wherein it informed that it had entered into a definitive agreement to acquire a 100% stake in Tao Digital Solutions Inc., a company incorporated in the USA. The agreement was first detailed on May 30, 2026.CYIENT Stock...

Borana Weaves Limited Approves Expansion Plan, Releases Quarterly Results, and Reappoints Auditors Borana Weaves Limited, a textile company, has announced the approval of its un-audited financial results for the quarter ended June 30, 2026, along with key governance updates, a strategic expansion plan, and changes in the remuneration of senior management.The Board of Directors of Borana Weaves Limited held a meeting on August 11, 2026, to consider and approve various corporate matters, including the company’s operational and financial performance.Financial Performance and Strategy The company approved the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026, which were reviewed and recommended by the Audit...

REC Limited Fined by NSE and BSE Over Board Composition Non-Compliance REC Limited has been fined by both the National Stock Exchange of India Limited (NSE) and BSE Limited following notices received regarding non-compliance with certain provisions of the Listing Regulations pertaining to the composition of its Board of Directors and associated Committees.The non-compliance issues were identified for the quarter ended June 30, 2026. The stock exchanges imposed a fine of ₹ 10,77,340/- each on REC Limited for the breaches identified.As a government company, REC Limited stated that the power to appoint Directors on the Board is vested with the President of India, acting through its administrative Ministry, the Ministry of Power...

Electrotherm Announces Board Appointments: Davesh Khandelwal and Rajesh Patel Join as Directors Electrotherm (India) Limited announced significant updates regarding its Board of Directors following a Board meeting held on August 26, 2026. The meeting resulted in the appointment of two new directors, Mr. Davesh Khandelwal and Mr. Rajesh Bhalchandra Patel, detailing their roles, tenure, and professional profiles.The Board of Directors approved the appointment of Mr. Davesh Khandelwal as an Additional Director and Whole Time Director of the company. His appointment as an Additional Director is valid until the date of the next Annual General Meeting. Furthermore, his tenure as a Whole Time Director is set for three years, effective from...

<h1>Hikal Appoints Sameer Hiremath as Chairman and Managing Director for Five Years</h1>Hikal Limited has announced the appointment of Mr. Sameer Hiremath (DIN: 00062129) as Chairman and Managing Director of the company. The appointment was unanimously approved by the Board of Directors, pending subsequent approval from the shareholders at the ensuing Annual General Meeting.The company has appointed Mr. Hiremath to the role for a period of five years, commencing on October 01, 2026, and concluding on September 30, 2031.Mr. Hiremath’s profile includes extensive experience within the organization. He has been associated with Hikal for nearly three decades, holding the position of Vice Chairman and Managing Director. During his...

Jain Resource Recycling Completes Loan-to-Equity Conversion, Boosting Stake in Jain Ikon Global Ventures Jain Resource Recycling Limited (JRRL), formerly Jain Resource Recycling Private Limited, has significantly increased its stake in its subsidiary, Jain Ikon Global Ventures FZC, following the conversion of an outstanding loan into equity shares.The transaction involves the conversion of a loan advanced by JRRL to Jain Ikon. The outstanding loan, which amounts to AED 1,70,64,000 (equivalent to about INR 44.50 Crores), is being converted into equity shares of Jain Ikon, as per the terms agreed between the parties.This non-cash transaction, which was approved by the company's Borrowing and Investment Committee, means the company...

Zenith Drugs Limited Approves Re-designation of Director and Allots Convertible Warrants Zenith Drugs Limited, in a board meeting held on August 26, 2026, approved the re-designation of an existing director and ratified the allotment of 1,609,050 convertible warrants through a preferential private placement.The company’s board meeting addressed two key corporate matters: the change in designation of Mr. Ajay Singh Dassundi, and the allocation of convertible warrants to promoter category individuals.Re-designation of Mr. Ajay Singh Dassundi The Board of Directors considered and approved the re-designation of Mr. Ajay Singh Dassundi. He has been redesignated from Executive Director to Non-Executive (Non-Independent) Director of the...

Quess Corp Limited Reappoints Ajit Isaac and Appoints Anish Thurthi as Director Quess Corp Limited announced key changes to its board of directors following the 19th Annual General Meeting (AGM) held on August 25, 2026. The company confirmed the re-appointment of Mr. Ajit Isaac and the appointment of Mr. Anish Thurthi as a Non-Executive Director.Mr. Ajit Isaac was re-appointed to the board as a Director, who is liable to retire by rotation. This move continues his leadership role in the company.Mr. Anish Thurthi was appointed as a Non-Executive Director of Quess Corp Limited. The appointment comes as he transitions into this role, following a change in designation from Additional Director (Category: Non-Executive, Non-Independent)...

<h1>Womancart Limited Warrants Lapse As Promoter Group Fails to Exercise Rights</h1>Womancart Limited has confirmed the lapse of equity share warrants previously allotted to Madhu Sudan HUF, a member of the Promoter Group. The warrants were not exercised within the stipulated period and have consequently expired.The Company had allotted 1,28,400 equity share warrants to Madhu Sudan HUF on a preferential basis on February 21, 2025. At the time of the allotment, the warrant holder had paid 25% of the issue price for the warrants.The warrants were required to be exercised within 18 months from the date of allotment. As the warrant holder did not exercise the 1,28,400 warrants within the prescribed period, they have lapsed upon the...

Deccan Transcon Leasing Limited Announces Resignation of Company Secretary and Compliance Officer Deccan Transcon Leasing Limited has announced the resignation of Ms. Khushboo Gautam from the position of Company Secretary and Compliance Officer. The resignation is effective from the close of business hours on August 25, 2026.The company confirmed that Ms. Khushboo Gautam tendered her resignation due to personal reasons. She confirmed that there are no material reasons for her resignation other than those disclosed.Ms. Gautam served as the Company Secretary and Compliance Officer for Deccan Transcon Leasing Limited.The details of the resignation and the outgoing officer are summarized below:ParticularsDetailsName of the...

Stock Exchange Levies Fines on Bharat Petroleum Over Governance Non-Compliance Bharat Petroleum Corporation Limited (BPCL) is facing fines from both the BSE and the National Stock Exchange of India (NSE) due to non-compliance related to corporate governance requirements. These fines stem from non-compliance pertaining to the composition of the Board, quorum of Board meetings, and the constitution of various committees, including the audit committee, nomination committee, and remuneration committee, as per applicable regulations.The exchanges issued the fines via notices dated August 25, 2026. BPCL reported the details of these actions in response to the notices.Fines and Compliance Details The compliance issues, relating to Board...

<h1>HCLTech Achieves Major Sustainability Milestones, Exceeding Emission Targets and Setting Industry Benchmarks</h1>NEW YORK and NOIDA, India, August 26, 2026 - HCLTech, a global technology leader, has reported substantial progress against its sustainability agenda in FY26, underscoring its commitment to becoming net zero by 2040. The company has significantly advanced its goals in emissions reduction, resource stewardship, and employee well-being, positioning itself as a benchmark in the technology sector.The company successfully reduced Scope 1 and 2 emissions by 55.84% from its FY20 baseline, surpassing its 50% reduction target by 2030 four years ahead of schedule. Furthermore, HCLTech reduced its total emissions footprint...

Stock Exchanges Impose Fine on Mishra Dhatu Nigam Limited Over Compliance Matters Mishra Dhatu Nigam Limited (MIDHANI) has been fined by the National Stock Exchange of India (NSE) and the BSE following issues related to corporate compliance. The exchanges imposed a fine of Rs. 12,59,060/- each, covering the quarter ended on June 30, 2026.The penalty was levied by both BSE and NSE for noncompliance pertaining to various regulations. The company confirmed that it has not paid any fine to the stock exchanges regarding these noncompliances.MIDHANI stated that the authority for the appointment of Directors on the Board vests with the President of India, acting through the Ministry of Defence. Consequently, the Board of MIDHANI has no...

Baazar Style Retail Limited Expands Retail Footprint with New Store Opening Baazar Style Retail Limited, the company formerly known as Baazar Style Retail Pvt. Ltd., announced the opening of a new Style Baazar store in Andhra Pradesh. The addition marks a significant step in the retail company's ongoing expansion strategy.The new outlet was opened at VMR Mall, Gajuwaka, Andhra Pradesh, on August 26, 2026.With this latest addition, the company has expanded its network. The total number of stores operated by Baazar Style Retail Limited as of the date of the new store opening stands at 279.STYLEBAAZA Stock Price Movement Baazar Style Retail Limited shares are edging higher to ₹408.15 as of 1:21 PM, gaining 3.46% during live trading...