Markets

Zuari Industries Declares Interim Dividend and Approves Redemption of Unlisted Preference Shares Zuari Industries Limited has approved the redemption of a portion of its unlisted preference shares and declared an interim dividend on the remaining balance of 7% Non-Convertible Redeemable Preference Shares (NCRPS).The company had originally issued and allotted 59,22,080 Unlisted 7% NCRPS to the preference shareholders of Gobind Sugar Mills Limited following a Scheme of Amalgamation. Of these shares, 8,40,632 had already been redeemed in September 2025.The Board of Directors subsequently approved the redemption of 81,448, 7% NCRPS, which are set to expire on June 29, 2026, at a face value of Rs. 10/- each.In addition to the...

Manba Finance Ltd Announces Board Meeting to Approve Q1 Results and Consider Interim Dividend Manba Finance Ltd has announced that its Board of Directors will convene a meeting on Monday, July 27, 2026. The primary agenda items for the meeting include considering and approving the unaudited standalone financial results of the company for the quarter ended June 30, 2026, as well as deciding on the declaration and payment of the first Interim Dividend for the Financial Year 2026-27.The company also provided information regarding trading restrictions concerning its securities. The trading window for designated persons and their immediate relatives or dependents has been closed starting from Wednesday, July 01, 2026.These insider...

Vipul Ltd Appoints Dipesh Jasvantlal Shah and Sunil Gupta as Non-Executive Independent Directors Vipul Ltd has approved the appointment of two individuals, Mr. Dipesh Jasvantlal Shah and Mr. Sunil Gupta, as Additional Directors in the category of Non-Executive Independent Director, effective June 26, 2026. The Board of Directors made the approval following a recommendation from the Nomination and Remuneration Committee.Both appointees have consented to act as Directors of Vipul Ltd and have certified that they are not disqualified under the provisions of the Companies Act, 2013.Appointment Details for New Directors The specific details regarding the appointment of Mr. Dipesh Jasvantlal Shah and Mr. Sunil Gupta are provided below...

Vivanza Biosciences Signs Strategic Cooperation Agreement for Plastic Film Project in Kyrgyz Republic Vivanza Biosciences Limited has entered into a Strategic Cooperation, Investment, and Technology Transfer Agreement with Mr. Kalybek Uulu Bekturgan to establish a Plastic Film Manufacturing Project in the Kyrgyz Republic.The agreement formalizes strategic cooperation between Vivanza Biosciences Limited and Mr. Kalybek Uulu Bekturgan, who is designated as a Facilitator, Representative, and Strategic Partner for investment promotion, government liaison, and industrial project development within the Kyrgyz Republic.Scope and Objectives of Cooperation The primary focus of the International agreement is the strategic cooperation...

Ajit Kumar Panda Appointed CMD of Container Corporation of India Ltd Container Corporation of India Ltd. has confirmed the appointment of Shri Ajit Kumar Panda to the post of Chairman and Managing Director (CMD) of the company, following approval by the Ministry of Railways (MOR).The Competent Authority, under the Ministry of Railways (MOR), approved the designation vide an order dated 29.06.2026. Shri Ajit Kumar Panda currently serves as a Director (Project & Services) at Container Corporation of India Ltd. (CONCOR).As per the terms set by the Competent Authority, Shri Ajit Kumar Panda will serve in the role of CMD, CONCOR. The scale of pay allocated for this position is Rs.2,00,000 to 3,70,000/- (IDA).The appointment period...

AXISCADES Appoints Abhay Maheshwari as Additional Director The Board of Directors of AXISCADES Technologies Limited has approved the appointment of Mr. Abhay Maheshwari as an Additional Director (Non-Executive, Non-Independent) with effect from June 29, 2026.The decision was made following a meeting of the Board of Directors held on June 29, 2026, and was based on the recommendation of the Nomination and Remuneration Committee. Mr. Abhay Maheshwari will be liable to retire by rotation in this capacity.Details regarding his appointment and professional profile include:ParticularsInformationAppointment StatusAdditional Director (Non-Executive, Non-Independent)Date of AppointmentEffective from June 29, 2026, subject to...

Acquirers and PAC Announce Delisting Proposal for Jindal Photo Limited Jindal Photo Ltd is set for a potential delisting as Concatenate Power Advest Private Limited, Concatenate Advest Advisory Private Limited, and Jindal India Power Limited have expressed their intent to acquire all public equity shares and voluntarily withdraw the company from stock exchanges.The acquisition proposal targets 26,46,183 fully paid-up equity shares of Jindal Photo Limited, each having a face value of ₹ 10. The intention is for the combined group to take full ownership of the target company while providing an exit opportunity to public shareholders.The delisting involves the Acquirers and the Person Acting in Concert (PAC), stating their intent to...

Ambassador Intra Holdings Appoints New Statutory Auditor and Replaces Internal Auditors Ambassador Intra Holdings Limited announced key changes regarding its audit functions following the outcome of a Board meeting held on June 29, 2026. The company appointed M/s Shivam Soni & Co., Chartered Accountants, as the new statutory auditors, filling a casual vacancy. Additionally, the company noted the resignation of M/s S. Mandawat & Co. and appointed M/s Mitt & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27.The appointment of M/s Shivam Soni & Co. was made to replace M/s Maark & Associates, who resigned from the post. The company confirmed that M/s Shivam Soni & Co., bearing FRN: 152477W, will hold...

Andrew Yule & Company Confirms No Material Event Affecting Share Price Andrew Yule & Company Ltd., identified as a Government of India Enterprise, has clarified its corporate status in response to inquiries regarding stock price movements. The company stated that based on the information available from its respective units and divisions, no material event, development, or information has occurred that is likely to have a material impact on the share price of the Company.The clarification confirms that all internal checks were conducted and found consistent, leading the company to assert that there are currently no developments requiring disclosure concerning potential changes to the stock value.The update reaffirms the operational...

Nirlon Ltd Announces Board Meetings to Review Q1 Results and Final Dividend Nirlon Limited has scheduled important meetings of its Board of Directors and various committees, including the Audit Committee and Risk Management Committee, to review the unaudited financial results for the quarter ended June 30, 2026. The company also provided details regarding the closure of its trading window in advance of key corporate decisions related to the upcoming fiscal year.The meetings are set for Monday, August 10, 2026, at 10:15 a.m. (IST). During these sessions, the Board is expected to consider and record the un-Audited Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report.Strategic Focus: Dividend and...

ZF Steering Gear India Enters Framework Cooperation Agreement with Hubei Tri-Ring for EHPAS Development in India ZF Steering Gear India Ltd. has entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd., China. The agreement is designed to establish a foundation for collaboration regarding the development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies within India.The company confirmed that the partnership involves a preliminary Framework Co-operation Agreement, which sets the stage for ongoing discussions and future collaborations between the parties.The co-operation initiative has been defined as being in the ordinary course of business and is explicitly stated not to...

Diamines & Chemicals Ltd.'s Subsidiary Signs Binding Term Sheet for Chemical Plant Land Acquisition Diamines & Chemicals Ltd.’s Wholly Owned Subsidiary, DACL Fine Chem Limited, has signed a Binding Term Sheet for the acquisition of industrial land intended for setting up a new chemical plant. The agreement was finalized on June 29, 2026, with Kakinada SEZ Limited, which is the seller of the asset.The deal involves acquiring freehold industrial land spanning approximately 50 acres, situated at Auro Industrial Park in Kakinada, Andhra Pradesh. This strategic move aims to facilitate the establishment of a new chemical plant for DACL Fine Chem Limited.Salient terms regarding this land acquisition are detailed below:DetailDescription...

Transport Corporation of India Limited Declares Final Dividend and Details TDS Provisions for FY26 Transport Corporation of India Limited announced a final dividend recommendation for financial year ended March 31, 2026, along with detailed communications regarding the applicable Tax Deduction at Source (TDS) provisions. The Board of Directors recommended the dividend on May 26, 2026.The company's management stated that the recommended final dividend is Re. 1/- per equity share, which has a face value of Rs. 2/- each. This dividend is subject to approval by shareholders at the Annual General Meeting (AGM), which is scheduled for Thursday, July 30, 2026, and will be conducted through Video Conferencing (VC).Shareholders holding...

Titan Company Limited to Hold 42nd AGM; Sets Record Date and Recommends DividendTitan Company Limited has announced key details regarding its upcoming 42nd Annual General Meeting (AGM), alongside fixing the record date for a dividend recommended by its Board of Directors.The 42nd AGM of the company is scheduled to be held on Monday, July 27, 2026, and will be conducted through Video Conferencing or other Audio-Visual Means.In addition to the AGM details, Titan Company Limited provided information concerning a dividend recommended by the Board of Directors. The board meeting was held on Friday, May 8, 2026, where they proposed a dividend amounting to ₹ 15 per ordinary share of ₹ 1 each, subject to ratification by the members during...

Kizi Apparels Ltd Boards Approve Receipt of Consideration for 17th Tranche of Convertible Warrants Kizi Apparels Ltd has approved the receipt of consideration related to the 17th tranche of Convertible Warrants issued by the company. The approval was made during a Board meeting held on June 29, 2026.The Board confirmed receiving Rs. 7,90,500/- toward the 17th installment of the Convertible Warrants (Warrants). This cash consideration was received from Mr. Umang Kamlesh Vora and Mr. Paresh J Patel.The warrants were issued at a price of Rs. 15.50/ each. This issue price includes a face value of Rs. 10.00/ and a premium of Rs. 5.50/ per warrant. The Warrants are designated for the allotment to the Promoter/Promoter Group and public...

Vels Film International Extends Timeline for Acquisition of Shares in KL Software Technologies Vels Film International Limited has announced an extension regarding the proposed acquisition of equity shares in KL Software Technologies Private Limited (KLSTPL). The company confirmed that the indicative period for completing the acquisition has been extended, with a new target completion date set before August 31, 2026.The update relates to Vels Film International’s planned acquisition of shares from KL Software Technologies Private Limited.Acquisition Details:Target Entity: KL Software Technologies Private Limited (KLSTPL) Number of Shares to be Acquired: 6,000 Equity Shares Face Value per Share: ₹10 (Rupees Ten only)The...

LT Foods Celebrates World Biryani Day with 5th Edition Campaign Starring Shah Rukh Khan LT Foods Ltd., a global FMCG company specializing in consumer food products, is marking the fifth edition of its World Biryani Day celebration by launching a personalized campaign featuring Bollywood superstar Shah Rukh Khan. The event, which has become a registered Intellectual Property (IP) of LT Foods and focuses on celebrating the universal appeal of biryani, will take place annually on the first Sunday of July.The company's initiative aims to merge food, technology, and entertainment to provide consumers with an unforgettable experience. Biryani enthusiasts are invited to participate in a campaign that allows them to create personalized...

Nvidia's AI Chip Dominance Crumbles as Huawei Rises, Seizing Market Share in China The global race for artificial intelligence supremacy is witnessing a significant realignment of hardware power. While U.S.-based giants like Nvidia currently dominate the international advanced chip market, reports indicate that Chinese domestic rivals, led by companies such as Huawei, are making serious inroads into critical markets within China itself. These developments underscore the rapid evolution of indigenous semiconductor capabilities amidst intense geopolitical pressure.Jensen Huang, CEO of Nvidia, has publicly acknowledged a shift in the competitive landscape, noting that U.S. market leadership is being challenged as Chinese technology firms...

Aastha Spintex IPO Secures Strong Initial Interest; NII Leads as GMP Hints at Premium Listing Aastha Spintex, a textile manufacturer, is set to list on the stock exchanges after witnessing solid demand for its initial public offering (IPO) so far. The company's shares command a grey market premium (GMP), suggesting potential gains upon listing.The IPO garnered positive attention from non-institutional and anchor investors ahead of the final subscription date. This indicates strong industry confidence in the spun and combed cotton yarn producer.Subscription Details and Investor Interest Aastha Spintex’s public issue has been subscribed at 52 percent as of the first day of bidding. The offering included a total of 1.36 crore shares...

TeleCanor Global Ltd Approves New Branch Office and Reviews Valuation of Land Bank AssetsTeleCanor Global Ltd has approved the opening of a new branch office and reviewed the strategic valuation and potential commercial utilization of its land bank assets, following decisions made at its Board meeting.The Board of Directors formally approved the establishment of a branch office located at Dabbiru Vari Street, Sivalayam Road, Yellamanchili in Andhra Pradesh. This move expands the company's operational footprint in the region.In addition to approving expansion, the Board thoroughly discussed the state of the company’s land bank situated in Rambili Mandal, Anakapalli District, Andhra Pradesh. A specific resolution was approved...