Markets

NCLT Sanctions Scheme of Amalgamation involving Aditya Birla Fashion and Retail Limited and its Subsidiaries The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned a Scheme of Amalgamation involving Aditya Birla Fashion and Retail Limited (ABFRL) and two subsidiaries, Jaypore E-Commerce Private Limited and TG Apparel & Decor Private Limited. The order was pronounced on July 2, 2026, finalizing the corporate restructuring process for the three entities.The Scheme involves the amalgamation of the Amalgamating Companies—Jaypore E-Commerce Private Limited (which deals in linen, readymade garments, textiles, coated fabrics, jewellery, accessories and provides marketplace services) and TG Apparel & Decor Private Limited (a...

Deepak Fertilisers Appoints Dr. Naresh Kumar Puritipati as President Human ResourcesDeepak Fertilisers & Petrochemicals Corporation Ltd. has announced changes in its senior management team, effective July 2, 2026. The company appointed Dr. Naresh Kumar Puritipati as the new President Human Resources.Concurrently with this appointment, Mr. Naresh Pinisetti will transition his role regarding human resources functions but will continue to serve as President Corporate Governance.Dr. Naresh Kumar Puritipati has been appointed to lead HR functions following a background that includes over twenty-five years of experience across major multinational corporations and prominent Indian conglomerates. His expertise spans HR Strategy...

Harish Textile Engineers Pledges Full Payment of Outstanding Principal on NCDs by July 31, 2026 Harish Textile Engineers Ltd has provided an update regarding the redemption of its Unlisted Secured Non-Convertible Debentures (NCDs) related to Old Series III and Series IV. This resolution follows a meeting held with the company's Debenture Holders.The Meeting of Debenture Holders, which was convened by Axis Trustee Services Limited, took place on Thursday, July 02, 2026, and was conducted virtually. During the meeting, Harish Textile Engineers addressed clarifications and matters raised by the Debenture Trustee and the holders of the debentures.Following the proceedings, the company announced a commitment to satisfy its debt...

RBI Extends Regulatory Directives for Baghat Urban Co-operative Bank Amid Ongoing Compliance Review The Reserve Bank of India (RBI) has announced a further extension of regulatory directions concerning The Baghat Urban Co-operative Bank Limited, Solan. This directive, issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, mandates an extension period to allow the bank to complete specific compliance measures as deemed necessary in the public interest.RBI Extends Regulatory Supervision of Baghat Urban Co-operative Bank The Reserve Bank of India (RBI) confirmed today that it is extending the operational period for a directive issued against The Baghat Urban Co-operative Bank Limited, Solan. This decision...

3B Films Ltd Increases Authorized Capital and Approves Rights Issue in Board Meeting 3B Films Ltd, formerly known as 3B Films Private Limited, announced several key resolutions following a meeting of its Board of Directors held on July 2, 2026. The company approved a significant increase in its authorized share capital and formalized the groundwork for an upcoming rights issue aimed at existing shareholders.The Board reviewed and ratified the Director’s Report for the fiscal year ended March 31, 2026. Furthermore, the Directors decided that the company's 12th Annual General Meeting (AGM) will be held on Saturday, August 8, 2026, at 3:30 P.M. The AGM is scheduled to take place at the company’s corporate office located in Vadodara...

Callista Industries Ltd Allots 2 Lakh Equity Shares and Issues 35.25 Lakh Convertible Warrants Callista Industries Ltd announced significant updates regarding its capital structure, confirming the allotment of a tranche of equity shares and the issuance of convertible warrants during a Board meeting held on July 2, 2026. These actions are part of the company's strategic capital infusion process.The company formalized the allotment of the seventh tranche of Equity Shares on a preferential basis. A total of 2,00,000 Equity Shares were allotted at an issue price of Rs. 10/- each, aggregating to a total consideration amount of Rs. 20,00,000/-. The sole allottee for this tranche was Gaurav Jhunjhunwala (Non-Promoter).Following the...

Mangalam Worldwide Recommends Dividend Following Share Restructuring and Addresses Listing Status Mangalam Worldwide Limited has released details regarding its final dividend recommendation for the financial year ended March 31, 2026, following a subsequent stock split of its equity shares. The company addressed compliance matters related to its listing status during the period of the board meeting for the dividend recommendation.The Board of Directors of Mangalam Worldwide held a meeting on April 29, 2026, where it recommended a final dividend on the Equity Shares for the financial year ended March 31, 2026. At that time, the company had a face value of ₹10 per equity share.The Board meeting also addressed and approved standalone...

BLS E-Services Acquires 100% Stake in Atyati Technologies, Securing Strategic Expansion in Banking Technology Sector BLS International Services Limited’s subsidiary, BLS E-Services Limited, has successfully completed the acquisition of Atyati Technologies Private Limited (ATPL). The transaction, finalized on July 02, 2026, involves acquiring 100% of ATPL's equity share capital. Following this acquisition, ATPL has transitioned into a Step Down Subsidiary (SDS) of the Company.The acquisition was conducted through cash consideration and is valued at Rs. 156.82 crores, subject to certain conditions.Profile of Atyati Technologies ATPL is an established AI-powered banking technology service provider based in Bangalore. The company...

SEBI Imposes Monetary Penalty and Market Restrictions on Goenka Business & Finance Limited Goenka Business & Finance Limited has received a final order from the Securities and Exchange Board of India (SEBI), which includes a monetary penalty and mandates restrictions concerning market access. The decision was reached by SEBI on 30 June 2026.Pursuant to this order, which is applicable against 226 entities, SEBI has imposed a fine of ₹1,00,00,000 on the company. In addition to the financial penalty, Goenka Business & Finance Limited has been restrained from accessing the securities market and prohibited from buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any...

Trident Texofab Ltd Forfeits Warrants After Lapse Period Ends; Capital Structure Unaffected Trident Texofab Ltd has confirmed the forfeiture of a significant number of fully convertible warrants following their expiration, noting that the transaction results in no changes to the company’s paid-up equity share capital.The company had previously allotted a total of 58,37,143 Fully Convertible Warrants. These warrants were issued as part of a preferential allotment and carried an issue price of Rs. 70/- each. The warrants were originally allotted on December 23, 2024, with a defined tenure of one to a half years from the date of allotment.According to the company's records, out of the total warrants issued, only 49,25,644 were...

CSB Bank Announces Board Meeting for Q2 Results; Extends Trading Closure Period for Designated Persons CSB Bank Ltd has scheduled its Board of Directors to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The bank also confirmed an extension of the trading window closure period for designated persons regarding the equity shares of the institution.The meeting of the Board of Directors is set for Wednesday, July 22, 2026. At this gathering, the Bank will consider and approve the unaudited financial results corresponding to the quarter ended June 30, 2026. The unaudited financial results and a Limited Review Report, which will be issued by the Joint Statutory Auditors, are scheduled for...

SEBI Directs Banks and Mutual Funds to Repay Defaulter Over Unregistered Portfolio Services Debt Regulatory Action Intensifies as SEBI Issues Remittance Advice The Securities and Exchange Board of India (SEBI) has issued a formal Remittance Advice, mandating all banks and mutual funds in India to receive payments from Money Mishra Financial Services regarding an outstanding debt. This critical directive stems from ongoing proceedings related to unregistered portfolio management services offered by Allied Financial Services Private Limited.This action confirms the regulatory body's strict enforcement mechanism against entities failing to comply with financial obligations. The Remittance Advice, dated 02/07/2026, serves as a definitive...

Sterlite Technologies Raises INR 1500 Cr Through Qualified Institutions Placement Sterlite Technologies Ltd (STL), a leading optical connectivity solutions provider, has announced that it successfully raised INR 1,500 crore through a Qualified Institutions Placement (QIP). The funding injection follows robust participation from both domestic and global institutional investors.The company allotted 2.57 crore equity shares to qualified institutional buyers in the placement. This successful fundraising reflects strong investor confidence in STL's 30-plus years of experience manufacturing high quality optical connectivity products through its vertically integrated "Glass to Terabit" capability. The demand for these solutions is growing...

Railtel Secures Major Operation and Management Contract for Haryana State Wide Area NetworkRailtel Corporation of India Limited has secured a significant Work Order from the Haryana State Electronics Development Corporation Limited. The contract involves Railtel operating as the Managed Service Provider (MSP) responsible for the Operation & Management (O&M) of the Haryana State Wide Area Network (HSWAN).The contract, which is domestic in nature, represents a substantial business development for the company.Key details regarding the awarded Work Order are summarized below:Contract DetailDescriptionAwarding Entity NameHaryana State Electronics Development Corporation LimitedContract NatureOperation & Management (O&M) as...

Maruti Suzuki Inaugurates Advanced Vehicle Manufacturing Facility in Kharkhoda; Invests INR 35,000 Crore Maruti Suzuki India Limited (MSIL) has significantly marked a milestone in its four-decade journey in India by launching its most advanced vehicle manufacturing facility at IMT Kharkhoda, Haryana. The inauguration event took place during the India-Japan Joint Economic Forum at New Delhi and was conducted via video conferencing, attended by Hon'ble Prime Minister Shri Narendra Modi and the Prime Minister of Japan, H.E. Ms. Sanae Takaichi.The facility is built on the 'Suzuki Smart Factory' concept and Industry 5.0 principles, designed to enhance safety, quality, and productivity while minimizing energy consumption. The land parcel...

Omega Ag-Seeds Punjab Ltd Approves Equity Rights Issue for ShareholdersOmega Ag-Seeds Punjab Ltd announced that its Board of Directors approved the issuance of equity shares through a rights issue. The decision, made by the Board on July 02, 2026, concerns issuing "Rights Equity Shares" to eligible equity shareholders as of the record date, which will be determined and notified subsequently.The rights issue involves equity shares with a face value of ₹10/- each, intended for an amount not exceeding ₹800.00 lakhs.Following the approval of the rights issue by the Board, a subsequent meeting is scheduled to address various matters related to the corporate action. The Board meeting is slated for Wednesday, July 08, 2026. This meeting...

A2Z Infra Engineering Reschedules Board Meeting for Q4 Financial Results A2Z Infra Engineering Ltd has rescheduled a meeting of its Board of Directors intended to consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter (Q4) and the financial year ended March 31, 2026. The meeting, which was originally set for Friday, July 03, 2026, has been moved due to the unavailability of certain directors.The Board of Directors is now scheduled to convene on Tuesday, July 14, 2026. At the rescheduled meeting, the company plans to consider, approve, and take on record the Audited Standalone and Consolidated Financial Results for Q4 and the financial year ending March 31, 2026.In addition to the board update...

Harish Textile Engineers Receives Notice Regarding Expiration of Factory License Agreement Harish Textile Engineers Ltd has received communications from the licensor of one of its factory premises, regarding the expiration of the corresponding Leave and License Agreements. The agreements concerned a facility located at 103, Raikhadi, Umbergaon, District Valsad, Gujarat.The communications were received by the company on July 01, 2026. According to the licensor, the respective Leave and License Agreements expired by efflux of time on June 30, 2026. The licensor has subsequently called upon Harish Textile Engineers Ltd to vacate and hand over vacant and peaceful possession of the licensed premises within fifteen (15) days from the date...

Ujjivan Small Finance Bank Reports Q1FY27 Results with Significant Growth in Deposits and Loan Book Ujjivan Small Finance Bank Ltd has reported its key business highlights for the Quarter ending June 30, 2026. The bank saw substantial growth across deposits and loan book size, while maintaining operational efficiency in asset quality parameters.Deposits Performance The bank recorded significant year-on-year increases in total deposits. For Q1FY27, Total Deposits stood at ₹48,307 crore, up 25.1% compared to Q1FY26 (₹38,619 crore). The bank's CASA maintained a strong position, recording 12,930 crore in deposits and a ratio of 26.8%.The following table outlines the comparative performance metrics for deposits:Particulars (₹...

Rotographics Appoints Raj Ratan Pugalia as Chief Financial Officer Rotographics (India) Ltd has announced the appointment of Mr. Raj Ratan Pugalia as its Chief Financial Officer (CFO) and Key Managerial Personnel. The decision was made by the company’s Board of Directors, based on a recommendation from the Nomination and Remuneration Committee.The appointment is effective from June 29, 2026.Mr. Pugalia, who has been appointed to lead the finance function, holds extensive experience in corporate finance and regulatory matters. He is a Chartered Accountant and an LL.B. graduate from Calcutta University. With over 32 years of professional experience, his expertise spans various leadership roles across finance, accounting, taxation...