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BSE Sensex 30 Stocks Regulatory Filings — July 29, 2026

India BSE SENSEX 30

By Gunpowder Editorial ·

7 high priority 17 medium priority 24 total filings analysed

Executive Summary

The July 29, 2026 filings for the BSE SENSEX 30 reveal a mixed but dynamic earnings season. Asian Paints leads with strong Q1 FY27 results, showing 17.9% YoY revenue growth and a 240 bps margin expansion, though input cost pressures and mixed home décor performance temper the outlook.

Adani Ports reported 19% YoY revenue and EBITDA growth, with a credit rating upgrade to 'BBB', but faces a flat logistics segment. Mahindra & Mahindra's strategic slump sale of its Truck & Bus Division to SML for ₹525 crore is a positive restructuring move, albeit with a small financial impact. The financial sector shows strength, with SBI's ₹4,691 crore AT1 bond issuance oversubscribed 2x, indicating robust demand. However, significant risks emerge: IndiGo swung to a net loss of ₹2.4 billion from a ₹21.8 billion profit last year, driven by a 80% YoY fuel cost spike and rupee depreciation. Eternal Limited (Zomato) reported a 169% revenue surge but PAT declined to ₹366 crore from ₹527 crore due to quick commerce depreciation, while Blinkit's AOV declined for a second consecutive quarter. Overall, themes of margin resilience in consumer staples, strategic divestitures, and the high cost of growth in quick commerce and aviation dominate the landscape.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Company update · Board meeting · Debt securities · Corporate governance · M&A

Tracking the trend? Catch up on the prior BSE Sensex 30 Stocks Regulatory Filings digest from July 28, 2026.

Investment Signals (12)

  • Asian Paints ↓ (BULLISH)
    ▲

    Consolidated net sales up 17.9% YoY to ₹10,521 Cr, PAT up 40.0% to ₹1,539 Cr, PBDIT margin expanded 240 bps to 20.6%, driven by 12.4% volume growth in decorative business

  • Adani Ports ↓ (BULLISH)
    ▲

    Revenue up 19% YoY to ₹10,821 Cr, EBITDA up 19% YoY to ₹6,541 Cr, International Ports EBITDA surged 256% YoY to ₹730 Cr, S&P upgraded rating to 'BBB'

  • State Bank of India ↓ (BULLISH)
    ▲

    AT1 bond issuance of ₹4,691 Cr oversubscribed 2x, coupon at 7.75%, with 89 bids from diverse institutional investors, indicating strong demand for bank debt

  • Mahindra & Mahindra ↓ (BULLISH)
    ▲

    Approved slump sale of Truck & Bus Division to SML for ₹525 Cr, a strategic move to consolidate commercial vehicle business, though division contributed only 2.02% of total income

  • Eternal Limited (Zomato) ↓ (BULLISH)
    ▲

    Revenue surged 169% YoY to ₹54,364 Cr, driven by quick commerce inventory model; management raised long-term quick commerce margin guidance to 5-6% higher end

  • Larsen & Toubro ↓ (BULLISH)
    ▲

    Secured a 'Major' EPC order (₹1,000-2,500 Cr) from Kuwait Oil Company for crude oil export facilities, strengthening its hydrocarbon order book

  • IndiGo (InterGlobe Aviation) (BEARISH)
    ▲

    Net loss of ₹2.4 billion in Q1 FY27 vs profit of ₹21.8 billion last year, fuel CASK up 80% YoY, rupee depreciated 11%, passenger load factor declined 1.3 ppt to ~83%

  • Eternal Limited (Zomato) ↓ (BEARISH)
    ▲

    Consolidated PAT declined to ₹366 Cr from ₹527 Cr in FY25 due to higher depreciation in quick commerce; Blinkit AOV declined for two consecutive quarters

  • Asian Paints ↓ (BEARISH)
    ▲

    Cost of materials consumed surged 35.4% YoY to ₹4,569.58 Cr, indicating significant input cost pressure despite strong revenue growth

  • Adani Ports ↓ (BEARISH)
    ▲

    Logistics business revenue flat at 0.3% YoY, rail TEU volumes declined due to Middle East crisis; Port development & SEZ revenue plunged 85% YoY to ₹36 Cr

  • ITC Limited ↓ (NEUTRAL)
    ▲

    ESG score declined 1 point to 67 ('Strong') from prior year, indicating slight deterioration in ESG performance, though still in strong category

  • Asian Paints ↓ (BEARISH)
    ▲

    Home Décor Bath segment revenue declined 4.3% to ₹85 Cr with increased losses; White Teak revenue fell 7.4% to ₹19 Cr, showing weakness in non-core segments

Risk Flags (8)

  • IndiGo/Fuel Cost & Currency Risk [HIGH RISK]
    ▼

    Fuel CASK surged 80% YoY, combined with 11% rupee depreciation, driving a massive swing from ₹21.8 billion profit to ₹2.4 billion loss; expects flattish Q2 capacity growth

  • Eternal Limited/Quick Commerce Profitability↓ [HIGH RISK]
    ▼

    PAT declined to ₹366 Cr from ₹527 Cr despite 169% revenue growth; Blinkit AOV declining for two consecutive quarters, contribution margin improvement lagging take-rate gains due to higher minimum wages and larger store costs

  • Asian Paints/Input Cost Pressure↓ [MEDIUM RISK]
    ▼

    Cost of materials consumed surged 35.4% YoY, significantly outpacing revenue growth of 16.7%, squeezing margins; renewed conflict adds uncertainty to raw material costs and supply chain

  • Adani Ports/Logistics Weakness↓ [MEDIUM RISK]
    ▼

    Logistics business revenue flat (0.3% YoY) with rail TEU volumes declining due to Middle East crisis; Port development & SEZ revenue plunged 85% YoY, indicating concentration risk in core port operations

  • Adani Ports/Audit Reliance Risk↓ [MEDIUM RISK]
    ▼

    Auditor relied on other auditors for 26 subsidiaries (₹2,508.93 Cr revenue, ₹167.21 Cr net profit) and management-prepared unaudited data for 163 subsidiaries (₹1,296.52 Cr revenue), reducing independent verification

  • Eternal Limited/No Dividend↓ [LOW RISK]
    ▼

    No dividend recommended for FY26 despite revenue growth, indicating cash flow constraints or reinvestment needs in quick commerce; AGM on Aug 26, 2026

  • Asian Paints/Home Décor Weakness↓ [MEDIUM RISK]
    ▼

    Bath Fittings segment sales declined 4.3% with increased losses, White Teak sales fell 7.4%, indicating the home décor portfolio is underperforming the core paints business

  • IndiGo/Capacity Growth Guidance [MEDIUM RISK]
    ▼

    Management expects flattish capacity growth in Q2 FY27, suggesting potential demand slowdown or operational constraints despite 19% total income growth

Opportunities (10)

  • Asian Paints/Margin Expansion↓ (OPPORTUNITY)
    ◆

    Standalone PBDIT margin improved 259 bps to 22.0%, consolidated margin up 240 bps to 20.6%, driven by pricing actions and volume growth; rural markets growing ahead of urban, B2B projects strong

  • Adani Ports/Credit Upgrade Catalyst↓ (OPPORTUNITY)
    ◆

    S&P upgraded to 'BBB' with stable outlook, CARE/ICRA reaffirmed 'AAA', JCR assigned 'A-/Stable'; net debt-to-EBITDA at healthy 1.9x, potential for lower borrowing costs and re-rating

  • Mahindra & Mahindra/Strategic Restructuring↓ (OPPORTUNITY)
    ◆

    Slump sale of Truck & Bus Division to SML for ₹525 Cr creates a unified CV business; deal expected to close by Jan 31, 2027, unlocking value and streamlining operations

  • State Bank of India/Bond Demand Signal↓ (OPPORTUNITY)
    ◆

    AT1 bond issuance oversubscribed 2x with 89 bids from diverse investors at 7.75% coupon, indicating strong institutional confidence in SBI's credit profile and capital adequacy

  • Larsen & Toubro/Kuwait EPC Order↓ (OPPORTUNITY)
    ◆

    'Major' order (₹1,000-2,500 Cr) from Kuwait Oil Company for crude oil export facilities, including six 618,000-barrel storage tanks; strengthens Middle East presence and hydrocarbon order book

  • Eternal Limited/Quick Commerce Margin Guidance↓ (OPPORTUNITY)
    ◆

    Management raised long-term quick commerce margin guidance to higher end of 5-6% range, citing higher visibility from store investments; older Blinkit cohorts spending 3x vs 3 years ago

  • Asian Paints/Industrial Coatings Growth↓ (OPPORTUNITY)
    ◆

    APPPG sales up 21.3% and PPGAP up 13.5%, both growing mid-teens, diversifying revenue beyond decorative paints and capturing industrial demand

  • Power Grid/Greenfield Transmission Asset↓ (OPPORTUNITY)
    ◆

    Acquired Bhadla Ramgarh Power Transmission for ₹12.86 Cr, a greenfield BOOT project for inter-state transmission; low-cost entry into regulated transmission assets

  • NTPC/Renewable Capacity Addition↓ (OPPORTUNITY)
    ◆

    Subsidiary NGEL declared COD for 50 MW solar capacity in Rajasthan, taking group total installed capacity to 91,080 MW; steady progress in green energy transition

  • IndiGo/Strategic Engine MoU (OPPORTUNITY)
    ◆

    Signed MoU with CFM International for over 1,000 LEAP-1A engines including MRO support, securing long-term fleet maintenance and cost visibility despite current losses

Sector Themes (6)

  • Consumer Staples Margin Resilience
    ◆

    Asian Paints demonstrates strong margin expansion (240 bps) despite input cost pressures, driven by pricing power and volume growth (12.4% decorative volume), contrasting with broader market margin compression fears

  • Aviation Sector Turbulence
    ◆

    IndiGo's swing to loss highlights severe headwinds from fuel costs (80% YoY increase) and currency depreciation (11%), with flattish capacity guidance signaling near-term caution; sector-wide risk for Indian airlines

  • Quick Commerce Growth vs Profitability Tension
    ◆

    Eternal Limited's 169% revenue growth masks PAT decline and Blinkit AOV drops; management's raised margin guidance suggests confidence, but higher costs from wages and store expansion remain a drag

  • Infrastructure & Energy Capex Cycle
    ◆

    L&T's Kuwait EPC order and Power Grid's transmission acquisition underscore sustained infrastructure investment; NTPC's renewable capacity additions align with India's green energy push, benefiting EPC and power companies

  • Strategic Divestitures and Restructuring
    ◆

    M&M's slump sale of Truck & Bus Division and Adani Ports' potential UK ports acquisition (speculation) indicate corporate focus on portfolio optimization and value unlocking through asset sales

  • Banking Sector Capital Strength
    ◆

    SBI's oversubscribed AT1 bond issuance at 7.75% coupon reflects strong investor appetite for bank debt, supporting capital adequacy and growth funding for India's largest lender

Watch List (8)

  • Eternal Limited/AGM↓
    👁

    16th AGM on August 26, 2026 via video conference; e-voting Aug 22-25; watch for shareholder questions on quick commerce profitability and Blinkit AOV trends

  • Mahindra & Mahlimited/Slump Sale Closure
    👁

    Business Transfer Agreement expected by Aug 7, 2026; slump sale completion by Jan 31, 2027; monitor for regulatory approvals and working capital adjustments

  • Asian Paints/Input Cost Impact↓
    👁

    Renewed conflict uncertainty flagged; watch Q2 FY27 for margin impact from raw material costs; investor call transcript expected soon for management commentary

  • IndiGo/Q2 Capacity & PRASK Guidance
    👁

    Expects flattish capacity growth but PRASK growth over 25% YoY; Q2 results will reveal if yield growth can offset fuel cost pressures

  • Adani Ports/UK Ports Speculation↓
    👁

    Company declined to comment on ABP acquisition speculation; any formal announcement could significantly impact stock, given international port EBITDA surge of 256% YoY

  • HCL Technologies/Investor Conferences↓
    👁

    Participating in Emkay, Equirus, and Motilal Oswal conferences Aug 12-19; watch for any business updates or guidance commentary from management

  • Axis Bank/Board Change↓
    👁

    LIC withdrew nominee director Mini Ipe; monitor for any shifts in promoter representation or governance changes at the bank

  • Asian Paints/New Director Appointment↓
    👁

    Ms. Shubhlakshmi Dani appointed as Additional Director (promoter group); shareholder approval via postal ballot pending; watch for strategic influence

Filing Analyses (24)
Adani Ports and Special Economic Zone Limited Company Update mixed materiality 9/10

29-07-2026

Adani Ports and Special Economic Zone Limited (APSEZ) reported consolidated revenue of ₹10,821 Cr for Q1 FY27, up 19% YoY, and EBITDA of ₹6,541 Cr, also up 19% YoY. International Ports EBITDA surged 256% YoY to ₹730 Cr, while Marine revenue grew 67% YoY to ₹901 Cr. However, the Logistics business saw flat revenue growth (0.3% YoY) and a decline in rail TEU volumes due to the Middle East crisis, and Port development & SEZ revenue plunged 85% YoY to ₹36 Cr. The company's net debt-to-EBITDA stood at a healthy 1.9x, and S&P upgraded its credit rating to 'BBB' with a stable outlook.

  • · S&P Global Ratings upgraded APSEZ's long-term issuer credit rating to 'BBB' from 'BBB-' with a stable outlook.
  • · CARE Ratings and ICRA reaffirmed APSEZ's highest domestic rating of 'AAA'.
  • · JCR assigned an 'A-/Stable' rating in January 2026.
  • · Net debt to EBITDA stood at 1.9x (proforma 1.8x including NQXT EBITDA).
  • · Average debt maturity was 5.1 years as of June 30, 2026.
  • · APSEZ became the first Indian transport company to release a TNFD report.
  • · Domestic ports capacity expansion target of 1,000 MMT by December 2030.
  • · All-India cargo market share slipped to 27.6% from 27.8% YoY.
  • · All-India container cargo market share slipped to 44.8% from 45.2% YoY.
  • · Logistics rail TEU volumes fell 19% YoY due to the Middle East crisis.
  • · Colombo revenue was up 5x YoY; Tanzania revenue up 36% YoY.
  • · Marine fleet increased to 135 vessels from 118 vessels YoY.
  • · APSEZ won a 10-year contract supporting Argentina's first LNG exports to India.
  • · FY27 guidance: Revenue ₹43,000-45,000 Cr, EBITDA ₹25,000-26,000 Cr, Net debt/EBITDA up to 2.5x.
Adani Ports and Special Economic Zone Limited Board Meeting mixed materiality 7/10

29-07-2026

The Board of Directors met on July 29, 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026; the results and limited review report by M S K A & Associates LLP were enclosed and uploaded to the company website. Auditor disclosures note that interim financial information of 26 subsidiaries (reflecting total revenues of ₹2,508.93 Crore and total net profit after tax of ₹167.21 Crore) were reviewed by other auditors, while 163 subsidiaries (reflecting total revenue of ₹1,296.52 Crore and total net profit after tax of ₹149.16 Crore) and certain joint ventures (group share of net profit after tax of ₹43.69 Crore) submitted unaudited management-prepared results; nothing came to the auditors' attention to indicate material misstatement. However, a portion of the group's results relies on other auditors' reviews and management-prepared unaudited information, which reduces independent verification for those amounts.

  • · Board meeting commenced at 11:00 a.m. and concluded at 12:20 p.m. on July 29, 2026.
  • · Unaudited financial results (Standalone and Consolidated) for quarter ended June 30, 2026 were approved and accompanied by a Limited Review Report and Security Cover Certificate.
  • · Auditor explicitly states they did not review interim financial information of 26 subsidiaries themselves but relied on other auditors' reviews for amounts of ₹2,508.93 Crore (revenues), ₹167.21 Crore (net profit after tax) and ₹254.04 Crore (total comprehensive income).
  • · 163 subsidiaries' interim information (₹1,296.52 Crore revenue, ₹149.16 Crore net profit after tax, ₹153.52 Crore total comprehensive income) and 22 joint ventures' share (₹43.69 Crore) were based on management-prepared unaudited information not reviewed by auditors; auditors considered these amounts not material to the Group.
Mahindra & Mahindra Limited Others positive materiality 8/10

29-07-2026

Mahindra & Mahindra Ltd. (M&M) has approved the slump sale of its Truck & Bus Division (MTBD) to its listed subsidiary SML Mahindra Ltd. for a consideration of Rs. 525 crore, subject to working capital adjustments. The MTBD generated total income of Rs. 2,989 crore in FY26 (2.02% of M&M's total income), while M&M's investment in the division stood at Rs. 481 crore (0.65% of net worth). The transaction is expected to close by January 31, 2027, and is a related-party transaction conducted at arm's length.

  • · The transaction is a slump sale under Section 2(103) of the Income-tax Act, 2025.
  • · The Business Transfer Agreement is expected to be executed on or before August 7, 2026.
  • · Completion of the slump sale is targeted on or before January 31, 2027.
  • · The consideration was derived based on a valuation report from GT Valuation Advisors Private Limited.
  • · SML is a subsidiary of M&M but not part of the promoter/promoter group.
  • · The transaction is a related-party transaction conducted at arm's length.
  • · M&M's shareholding pattern will not change as a result of this transaction.
  • · Following the acquisition, M&M will continue manufacturing Mahindra-branded trucks and buses under a contract manufacturing arrangement.
  • · M&M acquired a 58.97% stake in SML (formerly SML Isuzu) from Sumitomo Corporation and Isuzu Motors on August 1, 2025.
State Bank of India Debt Securities positive materiality 8/10

29-07-2026

State Bank of India raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 bond issuance of the current financial year, at a coupon rate of 7.75%. The issue was oversubscribed 2 times against the base issue size of ₹3,000 crore, with 89 bids from diverse qualified institutional investors including provident funds, pension funds, mutual funds, and banks. The bonds are perpetual with a call option after 5 years and are rated AA+ with stable outlook by CRISIL and CARE.

  • · The bonds are perpetual with a call option after 5 years and each anniversary date thereafter.
  • · The bonds are rated AA+ with stable outlook by CRISIL Ratings Limited and CARE Ratings Limited.
  • · Investor participation included provident funds, pension funds, mutual funds, and banks.
  • · The issuance is significant for diversifying and raising long-term non-equity regulatory capital.
Adani Ports and Special Economic Zone Limited Others neutral materiality 2/10

29-07-2026

Adani Ports and Special Economic Zone Limited issued a clarification to the stock exchanges regarding a news article titled 'Adani eyes controlling stake in UK's Associated British Ports'. The company stated that it does not comment on market speculation or rumors and that it continuously evaluates opportunities aligned with its long-term strategy. No specific financial or operational details were disclosed, and the filing contains no quantitative data.

  • · The company explicitly stated there is no undisclosed information that should have been announced under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • · The clarification was filed on July 29, 2026, in response to media speculation.
Mahindra & Mahindra Limited Company Update mixed materiality 7/10

29-07-2026

Mahindra & Mahindra Ltd. (M&M) has received board approval to sell its Truck & Bus Division (MTBD) to its listed subsidiary SML Mahindra Ltd. on a slump sale basis for a consideration of Rs. 525 crore, subject to working capital adjustments. The transaction is expected to be completed during FY2027 and aims to create a unified commercial vehicle business within the Mahindra Group. While the deal is strategically significant, the MTBD division contributed only 2.02% of M&M's total income (Rs. 2,989 crore) and 0.65% of net worth (Rs. 481 crore) in FY2026, indicating a relatively small financial impact on the parent company.

  • · The transaction is a related party transaction (SML is a subsidiary) and is being done at arm's length.
  • · The BTA is expected to be executed on or before August 7, 2026, and the slump sale completed by January 31, 2027.
  • · M&M acquired a 58.97% stake in SML (formerly SML Isuzu) from Sumitomo Corporation and Isuzu Motors on August 1, 2025.
  • · Manufacturing of Mahindra-branded trucks and buses will continue under a contract manufacturing arrangement with M&M.
  • · The shareholding pattern of M&M will not change due to this transaction.
Asian Paints Limited Corporate Governance positive materiality 8/10

29-07-2026

Asian Paints Limited reported a strong Q1 FY27 (quarter ended June 30, 2026) with standalone revenue from operations of ₹9,183.44 Cr, up 16.7% YoY from ₹7,868.45 Cr in Q1 FY26. Profit for the period rose 34.3% YoY to ₹1,478.35 Cr from ₹1,100.52 Cr, driven by improved margins and lower finance costs. However, the company's cost of materials consumed surged 35.4% YoY to ₹4,569.58 Cr, reflecting input cost pressures, while employee expenses also rose 11.1% YoY.

  • · The Board meeting commenced at 9:30 AM IST and continued until 4:00 PM IST on July 29, 2026.
  • · An investor conference call was scheduled for 5:00 PM IST on the same day.
  • · Final dividend of ₹23.00 per equity share for FY26 was approved by shareholders on July 9, 2026 and paid on July 13, 2026.
  • · The company has no separate reportable segment as per Ind AS 108.
  • · Other equity as at March 31, 2026 stood at ₹20,685.64 Cr.
  • · The auditor's report expressed an unmodified opinion on the standalone financial results.
Asian Paints Limited Market Update mixed materiality 9/10

29-07-2026

Asian Paints reported a strong Q1 FY27 with consolidated net sales up 17.9% YoY to ₹10,521.4 crore and net profit (after minority interest) up 40.0% to ₹1,539.3 crore, driven by robust decorative business volume growth of 9% and value growth of 16.6%, as well as a 27.2% increase in international business sales. However, the Bath Fittings segment saw a sales decline of 4.3% and an increased loss, while White Teak sales also fell 7.4%, indicating mixed performance across the home décor portfolio.

  • · Consolidated PBDIT margin improved to 20.6% from 18.2% (up 240 bps).
  • · Standalone PBDIT margin improved to 22.0% from 19.4% (up 259 bps).
  • · Industrial coatings (APPPG and PPGAP) together grew mid-teens, with APPPG sales up 21.3% and PPGAP up 13.5%.
  • · International business PBT margin expanded 275 bps.
  • · Bath Fittings loss before tax increased to ₹8.8 crore from ₹2.3 crore.
  • · Kitchen business loss before tax reduced sharply to ₹0.3 crore from ₹8.8 crore.
  • · White Teak sales declined 7.4% to ₹18.7 crore.
  • · Weatherseal sales grew 11.2% to ₹16.9 crore.
  • · Final dividend of ₹23.00 per share for FY26 was approved and paid in July 2026.
  • · Consolidated revenue from operations for the quarter was ₹10,541.94 crore.
  • · Standalone revenue from operations for the quarter was ₹9,183.44 crore.
  • · Consolidated total comprehensive income for the quarter was ₹1,562.07 crore.
  • · Standalone total comprehensive income for the quarter was ₹1,488.50 crore.
  • · Consolidated other equity as at balance sheet date: ₹21,275.67 crore.
  • · Standalone other equity as at balance sheet date: ₹20,685.64 crore.
  • · The company has no separate reportable segments as per Ind AS 108.
  • · The auditor's review report notes that 15 subsidiaries' financials (total revenues ₹183.47 crore, net profit ₹33.34 crore) were not reviewed by their auditors but were certified by management as not material to the group.
Asian Paints Limited Market Notice positive materiality 8/10

29-07-2026

Asian Paints Limited reported standalone revenue from operations of ₹9,183.44 Cr for Q1 FY27 (quarter ended June 30, 2026), up 16.7% from ₹7,868.45 Cr in Q1 FY26. Profit for the quarter rose to ₹1,478.35 Cr from ₹1,100.52 Cr in the same quarter last year, a 34.3% increase. However, sequentially (vs Q4 FY26 ended March 31, 2026), revenue grew 15.9% while profit increased 27.4%, and the company's cost of materials consumed surged 35.4% YoY, indicating margin pressure from input costs.

  • · Final dividend of ₹23.00 per equity share (face value ₹1 each) for FY26 was approved at the AGM on July 9, 2026 and paid on July 13, 2026.
  • · The company has no separate reportable segment as per Ind AS 108.
  • · Basic and diluted EPS for Q1 FY27 stood at ₹15.42 (not annualised), up from ₹11.48 in Q1 FY26.
  • · Total comprehensive income for Q1 FY27 was ₹1,488.50 Cr vs ₹1,072.69 Cr in Q1 FY26.
  • · The Board meeting commenced at 9:30 AM IST and continued till 4:00 PM IST on July 29, 2026.
  • · An investor conference call was scheduled at 5:00 PM IST on the same day.
ITC Limited Company Update neutral materiality 3/10

29-07-2026

ITC Limited has voluntarily received an ESG score of '67' (Strong) from ESG Risk Assessments & Insights Limited for FY 2025-26. However, the score has declined by 1 point compared to the prior year (FY 2024-25), indicating a slight deterioration in ESG performance.

  • · The ESG score of 67 is classified as 'Strong' by the rating provider.
  • · The rating was assigned voluntarily and is based on data from FY 2025-26.
  • · The detailed methodology for the score was not shared with the company.
State Bank of India Debt Securities neutral materiality 6/10

29-07-2026

State Bank of India raised ₹4,691 crore through a Basel III compliant Additional Tier 1 perpetual bond issuance on July 29, 2026. The bonds carry a coupon of 7.75% and will be listed on BSE and NSE. The issuance received 89 bids and has a first call option date of July 30, 2031.

  • · The bonds are perpetual with no maturity date.
  • · The first call option is on July 30, 2031 (5th anniversary) and annually thereafter.
  • · The deemed date of allotment and pay-in date is July 30, 2026.
  • · The bonds are non-convertible, taxable, subordinated, and unsecured.
ETERNAL LIMITED Analyst/Investor Meet mixed materiality 8/10

29-07-2026

Eternal Limited (formerly Zomato) held its Q1FY27 earnings conference call on July 22, 2026, reporting strong order growth in Blinkit (21% QoQ volume growth) and increasing monthly transacting users in food delivery. Management raised the long-term quick commerce margin guidance to the higher end of 5-6% range, citing higher visibility from store investments. However, competitive intensity remains high and predictable, with rivals using subsidies, while Blinkit's average order value (AOV) declined for a second consecutive quarter and contribution margin improvement lagged take-rate gains due to higher minimum wages and larger store costs.

  • · Management stated competitive intensity in quick commerce peaked in Q1FY27 but has become more predictable, with rivals focusing on grocery subsidies.
  • · Older customer cohorts on Blinkit are spending 3x versus three years ago, driven primarily by frequency growth, not AOV growth.
  • · Blinkit's AOV declined for two consecutive quarters; management expects NAOV to remain flat YoY and not grow meaningfully.
  • · Contribution margin improvement lagged take-rate gains due to higher minimum wage costs in several states and larger store openings with initially lower contribution.
  • · Bistro (cloud kitchen business) is adding about 10 kitchens per quarter; older kitchens show throughput progress, but expansion remains cautious.
  • · Food delivery MTU growth is driven by both new user acquisition and increased transaction frequency; Bistro is not included in food delivery disclosures.
  • · Management warned that pricing-led growth (subsidies) creates a systemic trap with no path to customer retention when subsidies are withdrawn.
Asian Paints Limited Market Update mixed materiality 8/10

29-07-2026

Asian Paints reported strong Q1 FY27 results with consolidated net sales up 17.9% YoY to ₹10,521 Cr and PAT up 39.6% to ₹2,096 Cr, driven by healthy volume growth and pricing actions. However, the Home Decor Bath segment revenue declined 4.3% to ₹85 Cr with increased PBT losses, and the White Teak revenue fell 7.4% to ₹19 Cr. The company faces near-term uncertainty due to renewed conflict impacting raw material costs and supply chain logistics.

  • · Decorative business India volume growth was 12.4% YoY in Q1 FY27, while value growth was 9.0%.
  • · Rural markets continued to grow ahead of urban markets.
  • · B2B Projects business sustained strong momentum across Buildings, Factories and Government segments.
  • · New products contributed ~17% of overall revenues.
  • · Standalone gross margin improved 66 bps YoY to 43.8% despite steep inflation.
  • · Consolidated PBDIT margin improved 240 bps YoY to 20.6%.
  • · International business PBT margin improved 275 bps YoY to 7.9%.
  • · PPGAP PBT margin declined 119 bps YoY to 15.7%.
  • · APPPG PBT margin declined 114 bps YoY to 6.9%.
  • · Bath business PBT losses increased to ₹9 Cr from ₹2 Cr loss in Q1 FY26.
  • · Kitchen business PBT loss narrowed to near break-even from ₹9 Cr loss in Q1 FY26.
  • · First phase of VAM-VAE manufacturing ecosystem to be commissioned by Q2 FY27 with annual capacity of 100,000 MT VAM and 150,000 MT VAE.
  • · The company faces near-term uncertainty due to renewed conflict impacting raw material costs and supply chain logistics.
Asian Paints Limited Market Update neutral materiality 2/10

29-07-2026

Asian Paints Limited announced that SES ESG Research Pvt. Ltd. has revised the company's ESG score from 76.8 to 76.9 after reviewing factual inaccuracies identified by the company. The revision represents a marginal improvement of 0.1 points, indicating a stable ESG performance with no material change in the company's sustainability profile.

  • · The revised ESG score of 76.9 was received by the company on 28th July 2026 at 7:37 p.m. IST.
  • · The score is accessible on SES's website at SES ESG | ESG Rating Provider.
  • · The revision followed the company's identification of factual inaccuracies in the initial SES report.
NTPC Limited Market Update neutral materiality 3/10

29-07-2026

NTPC Limited announced that its subsidiary NTPC Green Energy Limited (NGEL) declared the commercial operation date (COD) of a 50 MW solar capacity, the third part of a cumulative 150 MW solar component within a 100 MW RE Round The Clock (RTC) project in Rajasthan, effective 00:00 hrs on 31st July 2026. With this addition, the NTPC group's total installed capacity reached 91,080 MW and commercial capacity 90,000 MW. The filing is a routine operational update with no negative or flat metrics to report.

  • · The COD declaration is for the third part of a 150 MW solar component within a 100 MW RE RTC project in Rajasthan.
  • · The effective date of COD is 00:00 hrs on 31st July 2026.
  • · The disclosure was made by subsidiary NTPC Green Energy Limited (NGEL) via a group company.
Power Grid Corporation of India Limited Merger/Acquisition neutral materiality 5/10

29-07-2026

Power Grid Corporation of India Limited (POWERGRID) has acquired 100% of Bhadla Ramgarh Power Transmission Limited, a project SPV, for an aggregate value of about Rs. 12.86 Crore (including 50,000 equity shares at par at Rs. 10 each along with assets and liabilities). The acquisition was made under the Tariff Based Competitive Bidding (TBCB) route for establishing an Inter-State Transmission system for augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG) on a BOOT basis. The target entity was incorporated on 08.05.2026 and has no prior turnover, making this a greenfield project acquisition with no period-over-period financial comparisons available.

  • · The project involves augmentation and bay extension works at Bhadla-III S/S (Rajasthan), Ramgarh S/S (Rajasthan) and Kanpur S/S (Uttar Pradesh).
  • · The acquisition is not a related party transaction; prior to acquisition, POWERGRID had no interest in the target entity.
  • · Approvals for Grant of Transmission License and Adoption of Transmission Charges are to be obtained from Central Electricity Regulatory Commission by Bhadla Ramgarh Power Transmission Limited after the acquisition.
  • · The acquisition price is subject to adjustment as per the audited accounts of the company as on the acquisition date.
Asian Paints Limited Analyst/Investor Meet neutral materiality 1/10

29-07-2026

Asian Paints Limited informed stock exchanges that the audio recording of its investor conference held on July 29, 2026, regarding Q1 FY27 business and financial performance, has been uploaded to the company's website. The transcript will be uploaded subsequently. No financial results or specific performance data were disclosed in this filing.

  • · The investor conference covered business and financial performance for the quarter ended June 30, 2026 (Q1 FY27).
  • · The audio recording is available on the company's website at www.asianpaints.com.
  • · The transcript will be uploaded later as per SEBI Listing Regulations.
ETERNAL LIMITED Market Update mixed materiality 8/10

29-07-2026

Eternal Limited (formerly Zomato Limited) published its annual report for FY26, reporting consolidated revenue from operations of INR 54,364 crore, a 169% YoY increase driven by the shift to an inventory model in quick commerce. However, consolidated PAT declined to INR 366 crore from INR 527 crore in FY25 due to higher depreciation and amortization in the quick commerce business. The 16th AGM is scheduled for August 26, 2026 via video conference.

  • · The 16th AGM will be held on August 26, 2026 at 12:00 PM IST via video conference.
  • · Remote e-voting opens on August 22, 2026 at 9:00 AM IST and closes on August 25, 2026 at 5:00 PM IST.
  • · No dividend was recommended for FY26.
  • · No amount was transferred to reserves.
  • · Authorised share capital is INR 14,48,63,29,341 divided into 14,48,63,29,341 equity shares of face value INR 1 each.
  • · Issued, subscribed and paid-up share capital is INR 9,65,03,50,647 divided into 9,65,03,50,647 equity shares.
  • · Deepinder Goyal resigned as Managing Director & CEO effective February 1, 2026 and was appointed Vice Chairman & Non-Executive Director effective March 13, 2026.
  • · Albinder Singh Dhindsa was appointed CEO & KMP effective February 1, 2026.
  • · Two wholly owned subsidiaries were incorporated (Blinkit Foods Limited and Eternal General Service Foundation) and three step-down subsidiaries were dissolved/liquidated during FY26.
  • · Zomato Media (Private) Limited in Sri Lanka was struck off effective April 2, 2026.
  • · The company has 16 direct subsidiaries and 4 step-down subsidiaries as of March 31, 2026.
ETERNAL LIMITED Corporate Governance mixed materiality 8/10

29-07-2026

Eternal Limited (formerly Zomato Limited) released its Annual Report for FY26, reporting consolidated revenue from operations of INR 54,364 crore, a 169% YoY increase driven primarily by the shift to an inventory model in quick commerce. However, consolidated PAT declined to INR 366 crore from INR 527 crore in FY25 due to higher depreciation and amortization in the quick commerce business. The AGM is scheduled for August 26, 2026 via video conference.

  • · The AGM will be held on August 26, 2026 at 12:00 PM IST via video conference.
  • · Remote e-voting opens on August 22, 2026 at 9:00 AM IST and closes on August 25, 2026 at 5:00 PM IST.
  • · Deepinder Goyal resigned as MD & CEO effective February 1, 2026 and was appointed Vice Chairman & Non-Executive Director effective March 13, 2026.
  • · Albinder Singh Dhindsa was appointed CEO & KMP effective February 1, 2026.
  • · No dividend was recommended for FY26.
  • · Authorised share capital is INR 14,48,63,29,341 divided into 14,48,63,29,341 equity shares of face value INR 1 each.
  • · Two wholly owned subsidiaries were incorporated and three step-down subsidiaries were dissolved/liquidated during FY26.
  • · Sanjeev Bikhchandani is liable to retire by rotation and offers himself for re-appointment.
Larsen & Toubro Limited Company Update positive materiality 7/10

29-07-2026

Larsen & Toubro Limited announced that its Energy Hydrocarbon Onshore business has secured a 'Major' order from Kuwait Oil Company (KOC) for engineering, procurement and construction (EPC) of Jurassic Light Oil export facilities and upgrades to existing export network. The order is classified as 'Major', meaning its value is between ₹1,000 Cr and ₹2,500 Cr (₹1,000 to ₹2,500 Crore). The project includes six new crude oil storage tanks (each 618,000 barrels capacity), new pipelines, and upgrades to Kuwait's crude loading and export network.

  • · The order is classified as 'Major' with value between ₹1,000 Cr and ₹2,500 Cr.
  • · Each of the six new crude oil storage tanks has an operating capacity of 618,000 barrels.
  • · The project is on a Lump Sum Turnkey basis.
  • · L&T is a USD 32 billion Indian multinational.
  • · The filing was made to BSE (stock code 500510) and NSE (stock code LT).
Asian Paints Limited Market Notice neutral materiality 3/10

29-07-2026

Asian Paints Limited has appointed Ms. Shubhlakshmi Dani as an Additional and Non-Executive Director, effective July 29, 2026. She is a member of the promoter group and spouse of former director Hasit Dani. The appointment is subject to shareholder approval via postal ballot.

  • · Ms. Dani holds a Bachelor of Commerce in Finance, a Diploma in Web Engineering, and a Diploma in Textile Designing.
  • · She is the Whole-time Director of Shubhit Holdings Private Limited, an RBI-registered NBFC.
  • · She is co-founder of Life is Beautiful, a home and lifestyle brand.
  • · She leads philanthropic initiatives of Paramarth Charitable Trust and founded Geeta Seva Kitchen.
  • · She is a member of the Executive Directors Advisory Council of the Boston Conservatory at Berklee College of Music.
  • · Her appointment is liable to retire by rotation and subject to shareholder approval via postal ballot.
HCL Technologies Limited Market Update neutral materiality 1/10

29-07-2026

HCL Technologies has informed the stock exchanges that it will participate in three investor conferences in Mumbai between August 12-19, 2026, hosted by Emkay, Equirus, and Motilal Oswal. The company executives may also hold one-on-one meetings with investors, but no unpublished price-sensitive information will be shared. This is a routine market update with no financial data or material business developments disclosed.

  • · The company will participate in three conferences: Emkay Confluence (Aug 12-14), Equirus Annual India Conference (Aug 13-14), and Motilal Oswal AGIC (Aug 17-19), all in Mumbai.
  • · Executives may also conduct one-on-one investor meetings during these events.
  • · The company explicitly states no unpublished price-sensitive information will be shared.
Axis Bank Limited Market Notice neutral materiality 3/10

29-07-2026

Axis Bank Limited announced that Life Insurance Corporation of India (LIC), a promoter, has withdrawn the nomination of Mini Ipe as a non-executive nominee director on the Bank's Board, effective July 29, 2026. Consequently, she has ceased to be a director. The Bank expressed appreciation for her contributions.

  • · Mini Ipe's DIN is 07791184.
  • · The withdrawal is effective from July 29, 2026.
  • · The disclosure is made under Regulation 30 of SEBI Listing Regulations.
InterGlobe Aviation Limited Company Update mixed materiality 9/10

29-07-2026

IndiGo (InterGlobe Aviation) reported a net loss of ₹2.4 billion for Q1 FY27 (June 2026 quarter), compared to a net profit of ₹21.8 billion in the same quarter last year, driven by a sharp 80% YoY increase in fuel CASK and a 11% depreciation of the Indian rupee. Total income grew 19% YoY to ₹256 billion, supported by a 21.3% yield growth, but passenger load factor declined 1.3 percentage points to ~83%. The company expects flattish capacity growth in Q2 FY27 but anticipates PRASK growth of over 25% YoY.

  • · IndiGo signed an MoU with CFM International for over 1,000 LEAP-1A engines for future aircraft deliveries, including MRO and long-term material services support.
  • · The company commenced flights to Jamnagar and became the first airline to operate from Jewar Airport in Noida during Q1 FY27.
  • · IndiGo introduced 'Lite Fare' for customers without check-in baggage, allowing add-on purchases.
  • · The company tested SITA's OptiClimb AI-powered flight optimization solution to improve fuel efficiency.
  • · IndiGo deferred increments for senior-level employees and tightened discretionary expenses to manage costs.
  • · The company expects flattish capacity growth in Q2 FY27 compared to the same period last year.
  • · IndiGo guided for PRASK growth of more than 25% YoY in Q2 FY27.
  • · The company purchased 4 engines through its GIFT City entity and made a partial payment for land acquisition for a unified campus during the quarter.
  • · May 2026 was a landmark month for IndiGo, carrying over 10 million domestic passengers (highest ever).
  • · The government and OMCs intervened to moderate domestic ATF prices during April, May, and first eight days of June 2026.

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