Markets

Stock Exchanges Impose Fine on HMT Limited Over Delayed Financial Results HMT Limited has received notices from both BSE Limited and National Stock Exchange of India Limited (NSE) regarding a fine imposed for the failure to submit financial results in compliance with regulatory requirements. The fine amounts set by the exchanges relate to the quarter or financial year ended March 31, 2026.The notice specifies that each stock exchange is imposing a fine of Rs. 1,71,100 (inclusive of GST) for non-compliance with Regulation 33 of SEBI (LODR) Regulations, 2015 concerning the non-submission of financial results within the prescribed period. The notifications also noted that the fine amount is subject to increase daily until compliance is...

Starbeam Ventures Schedules Board Meeting for Approval of FY2026 Financial ResultsStarbeam Ventures Limited, formerly known as Bluegod Entertainment Limited, has announced that its Board of Directors will convene a meeting to consider and approve the Audited Financial Results for the quarter/financial year ended March 31, 2026.The Board Meeting is scheduled to take place on Saturday, July 4, 2026, at the company's registered office.The primary purpose of the meeting is to review and approve various corporate items related to the recent financial performance. The agenda includes consideration and approval of the Audited Financial Results for the quarter/year ending March 31, 2026.Additionally, the Board is tasked with taking on...

Dhanlaxmi Bank Posts Strong Business Update for Quarter Ended June 30, 2026 Dhanlaxmi Bank Ltd has released its business updates, providing a snapshot of key financial metrics for the quarter ended June 30, 2026. The provisional data shows significant growth across total business and lending segments during the reporting period.The performance metrics encompass vital areas such as Total Business, Deposits, Gross Advance, Gold Loan portfolio, and MSME lending, offering insights into the bank's operational health.According to the provided figures (in Rs in Crore), the Bank's key operational statistics are detailed below:Particulars30.06.2025 (Reviewed)31.03.2026 (Audited)30.06.2026 (Provisional)Y-o-Y Growth %Total...

NSE Imposes Fine on Curis Lifesciences Limited Over Compliance Matter Curis Lifesciences Limited has received notification from the National Stock Exchange of India Limited (NSE) regarding a fine related to noncompliance or delayed compliance with SEBI Listing Regulations. The financial implication resulting from this matter is Rs. 5,900/- (including GST), which is payable to the NSE.The communication regarding the penalty was received by Curis Lifesciences Limited via email dated June 30, 2026. This fine pertains to noncompliance or delayed compliance with Regulation 23(9) of SEBI Listing Regulations for the financial year ended March 2026.The key details concerning the penalty levied by the NSE are presented below...

Harmony Capital Services Ltd Announces Key Appointments and Leadership Changes Harmony Capital Services Ltd has made significant changes to its leadership and board composition, effective July 1, 2026. The company announced the appointment of new executives and directors, alongside several senior departures.The Board of Directors approved these movements based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.New Appointments Harmony Capital Services Ltd appointed Mr. Rajeev Kumar Singh as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 1, 2026. Mr. Singh possesses experience in finance, accounts, taxation, corporate compliance matters, and was appointed to the...

Devyani International Updates Investment in RD, Confirms Repayment of Bank Loan and Shareholding IncreaseDevyani International Ltd has provided updates regarding its investment in Restaurants Development Co., Ltd. (RD), a subsidiary operating KFC stores in Thailand, confirming the status of loans and shareholdings following recent transactions with subsidiaries DID and Yellow.The company confirmed that both Devyani International DMCC (DID) and Yellow Palm Co., Ltd. (Yellow) completed additional investments into RD. Following these investments, the current shareholding stands at 49% for DID and 51% for Yellow in RD.The group also detailed a corporate finance transaction involving DID. The company granted a loan convertible into...

Neetesh Gupta Appointed Managing Director of Optiemus Electronics Limited as Gururaj Ayekawadi Resigns Optiemus Infracom Limited has announced a leadership change within its Wholly Owned Subsidiary, Optiemus Electronics Limited (OEL). The company confirmed the resignation of Mr. Gururaj Ayekawadi from his roles as Managing Director and Key Managerial Personnel at OEL.The Board of Directors of OEL approved the changes during a meeting held on July 1, 2026. Mr. Gururaj Ayekawadi tendered his resignation due to health issues, effective from the closure of business hours on June 30, 2026.To ensure continuity and seamless transition in OEL’s operations and strategic direction, the Board has approved the appointment of Mr. Neetesh Gupta...

Arrow Greentech Limited Granted Patent for Graphene Based Security Thread in India Arrow Greentech Limited has been granted a patent by the Intellectual Property Office of the Government of India. The grant pertains to the invention titled "Graphene Based Security Thread, Method of Manufacturing the Same and Application Thereof," covering the territory of India.The company's patent for the innovative technology was granted following an application filed in 2020. This marks a significant intellectual property achievement for Arrow Greentech Limited in the field of advanced security threads and manufacturing methods.The details pertaining to the patent grant are as follows:DetailInformationPatent TitleGraphene Based Security...

Quest Laboratories Limited Shifts Financial Reporting from Quarterly to Half-Yearly BasisQuest Laboratories Limited has decided to alter its financial disclosure cycle, moving from a voluntary quarterly reporting structure back to a half-yearly basis for future compliance. This decision was made following a review of the company’s compliance framework by the Board of Directors.The change aligns with the statutory requirements for SME platform entities. While Quest Laboratories had previously chosen a quarterly reporting cycle during the financial year 2025-26 to offer additional updates to stakeholders, the Board determined that adopting a half-yearly disclosure cycle would best streamline administrative timelines and align with the...

SEBI Grants Clearance to IndusInd Securities After Compliance Failures, Citing Proportionality and Management Change The market witnessed a significant regulatory resolution as the Securities and Exchange Board of India (SEBI) issued its Final Order in the matter concerning Reliance Securities Limited (now operating as IndusInd Securities Limited). Despite the company being found guilty of multiple serious compliance violations spanning over two years, SEBI disposed of the Show Cause Notice (SCN) without issuing any directions, granting a crucial reprieve to the firm.The proceedings centered on comprehensive findings derived from an inspection conducted between April 2021 and November 2022. The allegations included critical issues...

Department of Telecommunications Penalizes Bharti Airtel Over Subscriber Verification Norms Bharti Airtel Limited has been issued a penalty by the Department of Telecommunications (DoT) following an audit related to subscriber verification standards. The company confirmed that it has chosen to pay and not contest the imposed fine, which relates to alleged violations under its license agreement.The action resulted from a periodic Customer Application Form Audit (CAF Audit) conducted by the DoT for April 2026. The Department determined that Bharti Airtel had failed to ensure adequate customer verification before enrolling subscribers, as required by the terms of the License Agreement and instructions issued by DoT regarding compliance...

Zee Entertainment Clarifies FDI News Report, Denies OFI Global China Fund LLC Investment Zee Entertainment Enterprises Ltd has issued a clarification regarding a news item published in 'economictimes.indiatimes.com', specifically addressing reports concerning Foreign Direct Investment (FDI) and shares performance.The company clarified that it does not know the basis of the news article, which mentioned that "Zee Entertainment shares jump 6% after Rs. 418 crore FDI approval."In response to the publication, Zee Entertainment Enterprises Ltd stated that there was no investment by OFI Global China Fund LLC in the Company during the period referenced in the original report.ZEEL Stock Price Movement On Wednesday, shares of Zee...

Digitide Solutions Limited Receives Intimation for Tax Refund of Rs 19.76 Crores from Income Tax Department Digitide Solutions Limited has received an intimation regarding a tax refund from the Centralized Processing Centre (CPC) of the Income Tax Department in Bengaluru. The intimation relates to the Assessment Year 2025-26 and specifies a total refund amount of Rs 19.76 crores.The company received this communication on June 30, 2026, at 07:35 P.M. The refund amount is composed of a tax refund totaling Rs 18.38 crores and an interest component amounting to Rs 1.38 crores.As per the details provided by the company, there is no current impact on the financial or operational activities of Digitide Solutions Limited resulting from this...

Baazar Style Retail Limited closes stores in Patna, Dhubri, and other locations Baazar Style Retail Limited has announced the closure of several store operations across different Indian states as part of its ongoing retail network management. The closures impact stores located in Patna (Bihar), Dhubri (Assam), Jaunpur, and Hata (Uttar Pradesh).With these operational adjustments, Baazar Style Retail Limited currently operates a total of 273 stores nationwide.The company, previously known as Baazar Style Retail Pvt. Ltd., has provided updates regarding its store footprint, noting the specific closures in the four mentioned regions.STYLEBAAZA Stock Price Movement On Wednesday, Baazar Style Retail Limited shares rallied robustly...

Srivasavi Tapes Secures 5-Year Purchasing Agreement with Global MNC for Product Supply Srivasavi Adhesive Tapes Limited has entered into a long-term purchasing agreement with Global MNC, securing a significant business relationship focused on supplying various materials and products. The contract spans five years, establishing the company as a domestic supplier to Global MNC.The Purchasing Agreement covers the supply of PP, HDPE, fabric, and related products. This strategic partnership provides Srivasavi Tapes with an extended scope of work across multiple categories.Key Financials and Scope of Business Operation While no upfront consideration was exchanged at the time of signing the agreement, the contract outlines detailed volume...

Oswal Greentech Limited Appoints Alok Gupta as Chief Financial OfficerOswal Greentech Limited has appointed Mr. Alok Gupta as its Chief Financial Officer (CFO) and designated him as Key Managerial Personnel (KMP). The appointment was formalized by the Board of Directors in a meeting held on July 01, 2026, and is effective from the same date.Mr. Gupta's appointment comes after careful consideration of the recommendations from the Nomination & Remuneration Committee. As CFO, Mr. Gupta will spearhead financial strategy and operations across the company.Extensive Finance Leadership Profile Mr. Alok Gupta brings over 20 years of cross-industry experience in finance leadership. He holds a Commerce degree (Hons.) from Delhi University...

Uniphos Enterprises Schedules 57th AGM and Recommends Dividend on Equity SharesUniphos Enterprises Limited has announced details regarding its 57th Annual General Meeting (AGM) and recommended a dividend for its members.The company's 57th AGM is scheduled to be held on Friday, August 7, 2026, at 10:30 a.m. (IST). The meeting will be conducted through Video Conferencing or other Audio-Visual Means.In advance of the AGM, the Board of Directors has recommended a dividend amounting to 175% or ₹ 3.50 per equity share. This recommendation is based on the existing equity shares valued at Rs. 2/- each and is subject to ratification by the members during the ensuing Annual General Meeting.To determine the entitlement of its members to...

V-Mart Retail Limited Reports Strong Revenue Growth in Q1 FY27, Adds 15 New StoresV-Mart Retail Limited reported robust financial performance and significant expansion in the first quarter of the financial year 2026-27 (Q1FY27), with revenue increasing by 23% compared to the corresponding period last year. The company also expanded its retail presence by opening 15 new stores during the quarter.The revenue data for Q1 FY27, which ended on June 30, 2026, shows a substantial year-on-year increase in total revenue from operations. Total revenue stood at Rs. 1,089 Crores, up from Rs. 885 Crores in the previous year's quarter.The company reported a combined same store sales growth (SSSG) of 9% for the period. This SSSG included V-Mart...

Karur Vysya Bank Announces Resignation of General Manager for Corporate & Institutional GroupKarur Vysya Bank Ltd has announced the resignation of Shri Shekhar Ramarajan, Senior Management Personnel, who held the position of General Manager and Head of the Corporate and Institutional Group (CIG).The bank confirmed that Shri Ramarajan was relieved from his duties at the close of office hours on June 30, 2026. The departure is consequent to the completion of his notice period following his resignation.Shri Shekhar Ramarajan served as a Senior Management Personnel within the organization in the role of General Manager and Head of Corporate and Institutional Group (CIG).KARURVYSYA Stock Price Movement On Wednesday, shares of Karur...

Regional Director Passes Interim Order in Compounding Case Over AGM Delay for Droneacharya Aerial Innovations Ltd The Regional Director, Mumbai, passed an Interim Order on July 01, 2026, concerning a compounding application filed by Droneacharya Aerial Innovations Limited regarding the delay in holding its Annual General Meeting (AGM) for the Financial Year ended March 31, 2025.The Interim Order was issued during the ongoing compounding proceedings and mandates the company and concerned officers to comply with the directions specified within the order for further processing of the application. The company is reportedly taking necessary steps to adhere to the directives outlined in the Interim Order.Details regarding the penalties...