Markets

CARE Ratings Upgrades HTL Limited Bank Facilities Following Improved Financial Performance HFCL Ltd has reported a significant credit rating upgrade for its material subsidiary, HTL Limited. CARE Ratings Limited, a SEBI Registered Credit Rating Agency, upgraded the ratings of various bank facilities extended to HTL, reflecting the improved operational and financial performance of the company.The rating actions assign a Positive Outlook across several key facilities, reinforcing the confidence of both lenders and stakeholders in HTL's business prospects and financial standing.CARE Ratings Limited assigned or upgraded the credit ratings for different types and amounts of bank facilities provided to HTL Limited. The details of these...

Sammaan Capital Limited Makes Timely Interest Payments on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited has confirmed the timely payment of interest amounts concerning its Secured Redeemable Non-Convertible Debentures issued through a public offering and listed on the stock exchanges. The payments were successfully completed on July 2, 2026, covering two distinct series of debentures.The company ensured that all interest obligations under these debt instruments were met as scheduled. This adherence to financial commitments spans both monthly and previously recorded transactions for the respective tranches.Details regarding the interest payment and associated debenture features are provided below:Sr...

CARE Ratings Reaffirms Credit Rating for Texmaco Rail & Engineering Ltd Texmaco Rail & Engineering Limited has received a reaffirmation of its credit ratings from CARE Ratings Limited regarding various banking facilities. The rating confirmation pertains to both long-term and short-term bank facilities availed by the company.CARE Ratings Limited maintained the status of Texmaco Rail & Engineering Limited across different facility types, as detailed below:Facility TypeExisting RatingCurrent RatingLong-term Bank FacilitiesCARE A; StableCARE A; StableLong Term / Short Term Bank FacilitiesCARE A; Stable / CARE A1CARE A; Stable / CARE A1Short Term Bank FacilitiesCARE A1CARE A1The ratings reaffirmation covers the company's...

GSP Crop Science Completes Key Consolidation Moves Through Scheme of Arrangement GSP Crop Science Limited has approved a significant Scheme of Arrangement, which consolidates assets and streamlines operations across its related entities. The Board of Directors of GSP Crop Science Limited approved the scheme on July 2, 2026, involving Rajdhani Petrochemicals Private Limited (RPPL) and GSP Intermediates Private Limited (GIPL).The Scheme entails two primary components: the amalgamation of RPPL into GSP Crop Science Limited, and the demerger of the Manufacturing Undertaking of GIPL into GSP Crop Science Limited. The appointed date for the scheme is April 1, 2026.Amalgamation Details: Incorporating RPPL Under the approved Scheme, all...

SEBI DEMANDS Over ₹10 Lakhs from Individual Linked to DU Digital Stock Trading Irregularities The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand concerning trading irregularities involving certain entities in the scrip of DU Digital Technologies Limited, now known as DU Digital Global Limited. The regulatory action targets Girish Kantilal Parmar (AUDPP6127A), holding specific properties related to these trading activities.The notice, dated 02/07/2026 and issued under Certificate No. 9190 of 2026, details the financial dues owed by Parmar to SEBI. The proceedings stem from actions taken regarding trading in the specified stock. This action underscores SEBI's ongoing vigilance over market practices...

Bajaj Housing Finance Reports Strong Q1 FY27 Growth with 24% Rise in Assets Under Management Bajaj Housing Finance Limited has reported significant growth across key operational metrics for the quarter ended June 30, 2026, showing an increase in both gross disbursements and assets under management (AUM).The company disbursed approximately ₹ 19,500 crore during Q1 FY27. This marks an increase compared to the Gross Disbursement of ₹ 17,506 crore recorded in Q1 FY26.Key financial metrics highlight strong performance across the housing finance sector for Bajaj Housing Finance Limited. Assets under management grew by approximately 24%, reaching ₹ 1,49,610 crore as of June 30, 2026. This growth compares favorably to the AUM recorded at ₹...

India Glycols Subsidiary Appoints Seasoned Leader as Chief Operating OfficerIndia Glycols Limited's wholly owned subsidiary, IGL Spirits Limited, has appointed Mr. Manoj Kumar Rai as its new Chief Operating Officer. The appointment was effective from July 2, 2026.IGL Spirits Limited is a subsidiary of India Glycols Limited. The appointment involves the operational management structure of the spirits business unit within the group.Mr. Manoj Kumar Rai brings extensive experience to the role, having served as a seasoned business leader with over 27 years in various industries including engineering, consumer goods, entertainment, and alcoholic beverages. He holds a Postgraduate Diploma in Business Management from the Indian Institute...

BikeWo Green Tech Signs Strategic MoU with PositiEV Mobility; Proposes Hiten Pal Saklani as New CEO BikeWo Green Tech Limited (BikeWo) has announced a major strategic move, signing a Memorandum of Understanding (MoU) with PositiEV Mobility Private Limited. The partnership aims to create an integrated EV mobility platform in India through a proposed acquisition by BikeWo.The MoU outlines the intention for BikeWo to acquire a majority stake, specifically 51%, in PositiEV Mobility. This transaction is contingent upon satisfactory due diligence, mutual valuation agreement, execution of definitive agreements, and necessary corporate and statutory approvals.A key element of this strategic alliance is the proposal that Mr. Hiten Pal...

SEBI Demands ₹3.61 Lakh from Individual Over DU Digital Trading Irregularities; Penalties Include Asset Seizure Risk The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Dhaval Girishbhai Parmar regarding the trading activities associated with DU Digital Technologies Limited, now known as DU Digital Global Limited. The regulatory action mandates repayment of a substantial sum relating to disgorgement, interest, and recovery costs.The notice, dated July 2, 2026, specifies that Dhaval Girishbhai Parmar is liable for a total amount of ₹3,61,684.70. This action stems from an Order issued by the Quasi-Judicial Authority (QJA) on December 31, 2025.Breakdown of Financial Penalties Issued by SEBI...

Orient Ceratech Limited Announces Withdrawal of Bank Facility Ratings from CARE Ratings Orient Ceratech Limited, formerly known as Orient Abrasives Limited and part of The Ashapura Group, has announced that the ratings assigned to its bank facilities by CARE Ratings Limited (CareEdge Ratings) have been withdrawn at the request of the company.The rating action was carried out in accordance with CareEdge Ratings' Withdrawal Policy. This update pertains specifically to the credit status of both long-term and short-term bank facilities held by the company.Details regarding the specified banking facilities, their previous ratings, and the subsequent rating action are provided below:FacilitiesEarlier RatingRating ActionLong Term...

Fonebox Retail Concludes EGM and Provides Clarity on Preferential Issue Details Fonebox Retail Limited has provided key clarifications following its Extraordinary General Meeting (EGM) concerning a proposed preferential issue of securities. The updates address compliance requirements related to the event, which was held via Video Conferencing (VC) and Other Audio-Visual Means (OAVM).The EGM was conducted on June 20, 2026. Shareholders were dispatched the notice for the meeting on May 27, 2026, following an initial Notice of the Extraordinary General Meeting dated May 22, 2026.In connection with the preferential issue proposed at the EGM, Fonebox Retail submitted a corresponding application for in-principle approval to the stock...

BLS E-Services Consummates Acquisition of AtyaƟ Technologies for ~ ₹ 157 Crores to Boost AI Banking SolutionsNew Delhi: BLS E-Services Limited (BLSe), a leading technology-enabled digital service provider, has successfully acquired 100% of the stake in AtyaƟ Technologies Private Limited. The acquisition was completed through an all-cash transaction valued at approximately ₹ 157 Crores.AtyaƟ, based in Bengaluru, is an AI-powered banking technology company specializing in providing digital solutions to banks and financial institutions across India. As a prominent platform for financial inclusion and banking technology, AtyaƟ utilizes AI-driven digital tools, micro-lending platforms, Business Correspondent services, and last-mile...

RBI Imposes Monetary Penalty on Railway Employees' Co-operative Bank Over Regulatory Failures and Compliance Gaps The Reserve Bank of India (RBI) has imposed a monetary penalty totaling ₹1.05 lakh on The N.E. & E.C. Railway Employees' Multi-State Primary Co-operative Bank Ltd, Gorakhpur. This action follows a statutory inspection conducted by the RBI regarding the bank’s financial position as of March 31, 2025. The penalty was issued under an order dated June 30, 2026, for contravening specific provisions of the Banking Regulation Act, 1949 (BR Act).The regulatory action targeted multiple compliance failures related to statutory guidelines and directions issued by the RBI concerning Credit Information Companies (CICs) and the...

RBI Slams Nirmal Urban Co-op Bank with ₹1 Lakh Fine Over Non-Compliance in Loan and Deposit Practices The Reserve Bank of India (RBI) has imposed a monetary penalty on Nirmal Urban Co-operative Bank Ltd., Nagpur, Maharashtra. The fine amounts to ₹ 1 lakh after the RBI's order dated June 30, 2026. This action targets non-compliance with specific directions issued by the central bank.RBI Imposes Monetary Penalty for Regulatory Breaches The penalty was levied in response to deficiencies found during a statutory inspection of the bank. The review focused on the financial position of Nirmal Urban Co-operative Bank Ltd. as of March 31, 2025. The imposition of the fine is made under powers conferred by Section 47A(1)(c) read with Sections...

Cupid Breweries Appoints Two Additional Independent Directors Cupid Breweries And Distilleries Ltd has appointed two new professionals as Additional Independent Directors following its Board meeting on July 02, 2026. The appointments include Mr. Meharbaba Prasad Kalidasu and Mr. Soundara Pandian.The company, which operates under the name Cupid Breweries And Distilleries Limited (formerly Cupid Trades and Finance Limited), welcomed both directors to strengthen its corporate governance framework.Profile of Mr. Meharbaba Prasad Kalidasu Mr. Meharbaba Prasad Kalidasu was appointed as an Additional Independent Director effective July 02, 2026. He brings over 38 years of experience in the banking sector, primarily gained with the State...

SEBI Orders Cancellation of Recovery Certificate Against Kartik Clothing as Appeal Success Reverses Debt Obligation Cancellation Confirmed After Successful Challenge in SEBI Matter The Securities and Exchange Board of India (SEBI) has formally ordered the cancellation of a major Recovery Certificate concerning Kartik Clothing and Fabrics Pvt. Ltd. The action was taken following the success of an appeal challenge against an earlier compliance order issued by the regulator.This crucial regulatory decision, dated July 2, 2026, confirms that Recovery Certificate No. 6273 of 2023 stands officially cancelled. This certificate had been drawn up against Kartik Clothing and Fabrics Pvt. Ltd. (PAN: AAHCA7831P).Details of the Recoverable...

SEBI Orders Banks and Mutual Funds to Seize Assets in High-Stakes Recovery Drive Against Illiquid Options Defaulter The Securities and Exchange Board of India (SEBI) has issued a critical Remittance Advice directing all regulated financial institutions nationwide to take necessary action against Sattu Yadav, a designated defaulter. The directive concerns the recovery of dues related to involvement in illiquid stock options trading at BSE.This regulatory maneuver underscores SEBI’s robust enforcement stance regarding market malpractices and outstanding liabilities. The advice mandates that banks and mutual funds must remit specific amounts currently held by Mr. Yadav's accounts, ensuring compliance with ongoing proceedings.Status of...

SEBI Issues Massive Demand Notice Against Entity in DU Digital Technologies Stock Trading Scandal The Securities and Exchange Board of India (SEBI) has formally issued a Notice of Demand against Jigneshkumar Purshottamdas Patel concerning trading activities related to DU Digital Technologies Limited, now known as DU Digital Global Limited. The notice mandates the immediate recovery of a substantial sum, totaling ₹5,42,222.72, along with accrued interest and costs.SEBI Demands Recovery Amid Trading Irregularities The Notice of Demand, dated 02/07/2026, is issued under Certificate No. 9193 of 2026 by SEBI Bhavan-II in Mumbai. The demand relates to an Order for Disgorgement imposed on Mr. Patel by a Quasi-Judicial Authority (QJA) vide...

PC Jeweller Reports Strong Q1 Performance with Consolidated Revenue Growth of 21% PC Jeweller Limited, a leading brand in the studded jewellery industry, reported significant operational progress during the first quarter of fiscal year 2027 (Q1FY2027), ending June 30, 2026. The company showcased a strong performance through this period, reporting a consolidated revenue growth of approximately 21% Year-over-Year (YoY).The results reflect the ongoing efforts by PC Jeweller Limited as it continues its turnaround journey within the jewellery industry.Debt Reduction Milestone Reached A major highlight of the company's update is the rapid progress being made toward achieving debt-free status. PC Jeweller Limited has successfully reduced...

Equitas Small Finance Bank Reports Q1 FY27 Performance: Gross Advances Climb Amid Robust Disbursements Equitas Small Finance Bank Limited has reported its provisional financial updates for the quarter ended June 30, 2026. The bank recorded significant growth in Gross Advances while maintaining steady increases in Total Deposits.The institution reported that Gross Advances reached 47,653 Rs. Crores as of the provisional figures. This marks a substantial increase of 26.70% year-on-year (YoY) and a rise of 3.22% quarter-on-quarter (QoQ).Advances and Lending Mix Highlights A key driver of this growth was robust disbursements, totaling approximately Rs. 6,804 Crore. This disbursement figure represents a growth of 93.77% YoY, although it...