Executive Summary
Overnight filings from July 9-10, 2026, reveal a market dominated by corporate actions, regulatory reversals, and mixed earnings signals. A standout theme is the positive regulatory reversal for infrastructure trusts (Cube Highways, Interise, Maple), where NHAI reinstated a favorable WPI linking factor of 1.641, removing a key headwind for toll revenues.
In the broader market, we see aggressive capital raising via preferential warrants (Zee Entertainment, Exhicon, Aerpace) and a major dairy acquisition by SER Industries (Desi Farms), signaling sector rotation and promoter-led confidence. However, earnings reports show a divergence: Sattrix Information Security posted strong 108% PAT growth but faces a spike in attrition to 42%, while Cummins India reported record revenue and profit but with flat cash flow growth. Key risks include rising promoter pledges (International Conveyors), significant shareholder dissent at AGMs (Asian Paints, JSW Energy), and a dividend cut at Expleo Solutions. The overall market sentiment is cautiously optimistic, with specific opportunities in toll road operators, cybersecurity, and select manufacturing plays.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: M&A · Corporate governance · Insolvency · Company update · Corporate action · IPO
Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from July 09, 2026.
Investment Signals (10)
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NHAI reinstated the WPI linking factor to 1.641 (from 1.561), a positive reversal for toll escalation. This removes near-term uncertainty and supports higher revenue growth for these InvITs.
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Revenue grew 34% YoY to ₹59 Cr, EBITDA up 88% YoY, and PAT up 108% YoY. Order book stands at ₹75 Cr, indicating strong future revenue visibility. However, attrition spiked to 42% in Q4 FY26 from 11% in FY25, a key operational risk. [MIXED/BULLISH on growth, BEARISH on operations]
- Cummins India ↓ (MIXED)▲
Record revenue of ₹11,950 Cr (up 18% YoY) and record PAT of ₹2,330 Cr. Domestic sales grew 19% YoY, while exports grew 12% YoY. However, net cash from operations grew only 3% YoY, and the company did not declare a special dividend despite record profits.
- SER Industries (Desi Farms) (BULLISH)▲
Completed a ₹543 Cr acquisition of a 96.91% stake in SNA Milk (dairy) and 99.95% in DFSU Farmer Connect. SNA Milk showed 67.6% revenue growth in FY25. This marks a strategic pivot from logistics to dairy, a high-growth sector.
- Zee Entertainment Enterprises ↓ (BULLISH)▲
Promoter group entity Sunbright Mauritius is investing up to ₹3,143 Cr via preferential warrants at ₹126/share (18-month conversion). This is a massive vote of confidence from promoters, signaling belief in a turnaround.
- International Conveyors ↓ (MIXED)▲
Revenue grew 44% YoY to ₹203.65 Cr, with PBILDT margin improving to 20.01%. However, PAT declined 10.7% YoY, and exposure to group companies rose 13.6% YoY to ₹149.92 Cr (~35% of TNW). Promoter pledges for group delisting add risk.
- State Bank of India ↓ (BULLISH)▲
Subsidiary SBIFM is selling a 1.4156% stake to 30 investors at ₹574/share as a pre-IPO transaction, raising ₹1,655 Cr. This values SBIFM at over ₹1.16 Lakh Cr, a strong signal for the upcoming IPO.
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Board decided not to declare a dividend, opting to conserve cash for growth. This is a negative signal for income-focused investors, but could be positive if reinvestment yields high returns. [BEARISH for income, NEUTRAL for growth]
- Mitsu Chem Plast ↓ (NEUTRAL)▲
Revenue of ₹350 Cr, EBITDA margin of 9.90%, and PAT margin of 4.46%. The company is seeking shareholder approval to increase borrowing limits from ₹200 Cr to ₹500 Cr, indicating aggressive expansion plans.
- Jubilant Agri & Consumer Products (BULLISH)▲
NCLT approved the first motion for demerger of its agri business into a wholly owned subsidiary. This is a step towards unlocking value and creating a focused agri-chem entity.
Risk Flags (9)
- Sattrix Information Security / Operational Risk↓ [HIGH RISK]▼
Attrition spiked to 42% in Q4 FY26 from 11% in FY25. This level of employee turnover can severely impact project delivery and future growth, especially for a cybersecurity firm.
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Promoter entities have pledged shares and provided non-disposal undertakings for 50.69% of ICL's shareholding to fund the delisting of group company Elpro International. This creates a contagion risk if the delisting fails or group financials deteriorate.
- Asian Paints / Shareholder Dissent Risk↓ [MEDIUM RISK]▼
At the AGM, 70.77% of public non-institutional shareholders voted against certain resolutions. This level of dissent signals significant dissatisfaction with management or board decisions among retail investors.
- JSW Energy / Governance Risk↓ [MEDIUM RISK]▼
Non-institutional public shareholders showed notable dissent, with 9.23% voting against the re-appointment of Mr. Sharad Mahendra and 9.08% against the adoption of financial statements. This indicates governance concerns among a segment of shareholders.
- Expleo Solutions / Dividend Cut Risk↓ [MEDIUM RISK]▼
The Board decided not to declare a dividend, a negative signal for income investors. The company's rationale of conserving cash for growth needs to be evaluated against its historical dividend payout and future growth prospects.
- Cummins India / Cash Flow Risk↓ [MEDIUM RISK]▼
Despite record revenue and profit, net cash from operations grew only 3% YoY to ₹1,734 Cr. This suggests that earnings growth is not translating into cash generation, potentially due to higher working capital needs.
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The company is seeking approval for material related party transactions with promoter-linked entities (Aerpace Consultancy, Robotics, Supercars) up to ₹100 Cr. This raises corporate governance concerns, especially given the company's small size.
- SER Industries (Desi Farms) / Startup Risk [MEDIUM RISK]▼
The acquisition includes DFSU Farmer Connect, incorporated in August 2025 with no disclosed revenue. This represents a high-risk startup investment within the larger dairy acquisition.
- Zee Entertainment / Dilution Risk↓ [MEDIUM RISK]▼
The preferential issue of up to 24.94 Cr warrants at ₹126/share could lead to significant dilution for existing shareholders if fully converted. While promoter confidence is high, existing shareholders face near-term EPS dilution.
Opportunities (9)
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The NHAI's reinstatement of the 1.641 WPI linking factor is a direct positive for toll revenue growth. These InvITs offer a defensive, inflation-linked income stream with a clear regulatory tailwind.
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With 108% PAT growth and a ₹75 Cr order book (1.27x FY26 revenue), the company is growing rapidly. If the attrition issue is addressed, the stock could re-rate significantly.
- SER Industries (Desi Farms) / Dairy Sector Entry (OPPORTUNITY)◆
The acquisition of SNA Milk (67.6% revenue growth) provides a strong entry into the high-growth dairy and ice cream market. The share swap structure aligns interests and could unlock value.
- Zee Entertainment / Promoter Backed Turnaround↓ (OPPORTUNITY)◆
The ₹3,143 Cr preferential warrant issue at a fixed price of ₹126 is a massive promoter vote of confidence. If the company executes its turnaround plan, the stock could see significant upside.
- State Bank of India / SBIFM IPO Catalyst↓ (OPPORTUNITY)◆
The pre-IPO placement at ₹574/share values SBIFM at over ₹1.16 Lakh Cr. This provides a valuation benchmark and could unlock significant value for SBI shareholders upon the IPO.
- Jubilant Agri & Consumer Products / Demerger Value Unlock (OPPORTUNITY)◆
The NCLT-approved demerger of the agri business into a separate entity (Jubilant Agri Solutions) will create a focused agri-chem company, potentially leading to a valuation re-rating.
- International Conveyors / Turnaround Play↓ (OPPORTUNITY)◆
Revenue grew 44% YoY with margin improvement to 20.01%. If the company can manage its group exposure and raw material risks, the core business shows strong momentum.
- Cummins India / Infrastructure & Export Play↓ (OPPORTUNITY)◆
Record revenue and profit, with strong domestic (19% growth) and export (12% growth) demand. The company is well-positioned to benefit from India's infrastructure push and global energy transition.
- MM Forgings / Merger Completion Catalyst↓ (OPPORTUNITY)◆
The NCLT-approved amalgamation with D V S Industries is complete. This could lead to operational synergies and a cleaner corporate structure, potentially driving re-rating.
Sector Themes (5)
- Infrastructure InvITs Benefit from Regulatory Reversal (SECTOR TAILWIND)◆
Three infrastructure trusts (Cube Highways, Interise, Maple) all reported the same positive NHAI circular reinstating the 1.641 WPI linking factor. This is a sector-wide tailwind for toll road operators, removing a key regulatory overhang and supporting higher revenue growth.
- Promoter-Led Capital Raising via Warrants (SECTOR TREND)◆
Multiple companies (Zee Entertainment, Exhicon, Aerpace) are raising capital through preferential warrants to promoters. This signals strong promoter confidence and a belief in undervaluation, but also leads to dilution for existing shareholders.
- Mixed Earnings: Growth vs. Cash Flow & Operational Challenges (SECTOR WATCH)◆
Companies like Sattrix (108% PAT growth) and Cummins (18% revenue growth) show strong top-line and bottom-line growth, but face operational challenges (Sattrix's 42% attrition) or weak cash flow conversion (Cummins' 3% cash flow growth). This suggests that headline earnings growth may not be sustainable without addressing underlying issues.
- Shareholder Activism & Dissent at AGMs (SECTOR TREND)◆
Both Asian Paints and JSW Energy saw significant dissent from non-institutional public shareholders on key resolutions. This indicates a growing trend of retail shareholder activism and scrutiny of management proposals, particularly on director re-appointments and related party transactions.
- Capital Allocation Divergence: Dividends vs. Reinvestment (SECTOR TREND)◆
Expleo Solutions cut its dividend to conserve cash, while Mitsu Chem Plast seeks to triple its borrowing limits for expansion. This contrasts with Cummins India, which despite record profits, did not announce a special dividend. Companies are signaling a preference for reinvestment over shareholder returns, which could be positive for growth but negative for income investors.
Watch List (8)
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Scheduled for August 7, 2026. Watch for commentary on demand trends, input cost inflation, and margin guidance. [DATE: Aug 7]
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Scheduled for July 14, 2026. Watch for any strategic updates or commentary on hospital occupancy and ARPOB trends. [DATE: Jul 14]
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One-on-one meetings with Axis Capital and Eternalis Capital on July 14 and 16, 2026. Watch for any leaks or updates on gaming regulations or new game launches. [DATE: Jul 14-16]
- Federal Bank / Q1 FY27 Earnings Call👁
Scheduled for July 17, 2026. Watch for commentary on NIM trends, asset quality, and loan growth guidance. [DATE: Jul 17]
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Scheduled for July 16, 2026. Watch for AUM trends, revenue mix, and any dividend announcements. [DATE: Jul 16]
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EGM on July 31, 2026. Watch for shareholder approval and any dissent from institutional investors on the preferential issue. [DATE: Jul 31]
- SER Industries (Desi Farms) / Integration of Dairy Acquisitions (ONGOING)👁
Monitor the integration of SNA Milk and DFSU Farmer Connect. Key metrics to watch: revenue growth, margin trends, and any further acquisitions.
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Monitor the progress of Elpro International's delisting process. Any failure or delay could impact promoter pledges and ICL's stock price.
Filing Analyses
(50)
09-07-2026
Cube Highways Trust filed its unitholding pattern for the quarter ended June 30, 2026, showing total outstanding units of 1,34,40,69,762. Sponsor and sponsor group held 49,03,81,123 units (36.48%), while public holding accounted for 85,36,88,639 units (63.52%). No units were pledged or encumbered across any category.
- · No units were pledged or encumbered across any category.
- · Among public institutional holders, Bodies Corporate (Foreign) held the largest share at 32,98,84,567 units (24.54%), followed by Insurance Companies with 4,92,00,000 units (3.66%).
- · Among public non-institutional holders, Bodies Corporate held 25,94,45,414 units (19.30%) and Individuals held 10,34,18,586 units (7.69%).
- · The filing was made under Regulation 23(10) of SEBI (Infrastructure Investment Trusts) Regulations, 2014.
09-07-2026
Cube Highways Trust reported zero investor complaints pending, received, or disposed of during the quarter ended June 30, 2026, as well as for the financial year 2026-27 to date. The filing, made pursuant to SEBI InvIT regulations, indicates no investor grievance activity across all categories including SCORES complaints.
- · Average time taken for redressal of complaints was 0 days for both the quarter and financial year.
- · No complaints were pending in any aging bucket (less than 1 month, 1-3 months, 3-6 months, 6-9 months, 9-12 months, greater than 12 months).
09-07-2026
Desi Farms India Limited (formerly SER Industries) has completed the acquisition of a 96.91% stake in SNA Milk and Milk Products Limited and a 99.95% stake in DFSU Farmer Connect Private Limited via a share swap, for a total consideration of approximately Rs. 543.22 Crore. The transaction marks a strategic diversification from logistics into the dairy and ice cream sectors, with SNA showing strong revenue growth of 67.6% in FY25 to ₹33,74,44,514. However, DFSU was only incorporated in August 2025 and has no disclosed revenue, representing a start-up risk.
- · The transaction is considered a related party transaction as Sunil Kumar Shahi (promoter group) is a director/shareholder of both target entities.
- · The company has obtained in-principle approval from BSE Limited and member approval for the preferential issue.
- · DFSU Farmer Connect Private Limited was incorporated on 27th August 2025 and has no turnover history disclosed.
09-07-2026
360 ONE WAM Limited has informed the stock exchanges that a Board Meeting will be held on July 16, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. This is a routine procedural disclosure under SEBI regulations and contains no financial results or performance data.
- · Board meeting scheduled for July 16, 2026
- · Agenda includes approval of standalone and consolidated unaudited financial results for Q1 FY27 (quarter ended June 30, 2026)
- · Trading window was already closed per intimation dated June 25, 2026
09-07-2026
Continental Securities Limited reported that no requests were received from shareholders for re-lodgement of transfer transactions of physical shares during the special window period from February 5, 2026 to June 30, 2026. The special window for re-lodgement of transfer requests for physical shares closed effective February 4, 2027. The company has uploaded detailed information on its official website.
- · The special window for re-lodgement of transfer requests for physical shares closed with effect from February 4, 2027.
- · The report was submitted in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026.
- · The Registrar and Transfer Agent, Beetal Financial & Computer Services (P) Ltd., confirmed zero requests received, processed, approved, or rejected during the period.
- · Average time taken for processing requests was reported as 'NA' due to no requests.
09-07-2026
Cargosol Logistics Limited has called an Extraordinary General Meeting (EOGM) on July 31, 2026, to seek shareholder approval via a special resolution for raising up to USD 15 million (approximately ₹125 crore) through the issuance of Foreign Currency Convertible Bonds (FCCBs). The funds will be raised through private placement(s) or other permissible methods, with the Board authorized to determine terms including pricing, conversion ratio, and listing. The meeting will be held virtually, and e-voting facilities have been arranged.
- · EOGM will be held on Friday, July 31, 2026 at 12:00 noon via video conferencing.
- · Cut-off date for voting rights is Friday, July 24, 2026.
- · Register of Members and Share Transfer Books will be closed from July 25 to July 31, 2026.
- · The resolution is proposed as a Special Resolution under Sections 23, 42, 62, 71, 179 of the Companies Act, 2013.
- · The FCCBs may be convertible into equity shares that will rank pari passu with existing equity shares.
- · The Board is authorized to appoint merchant bankers, underwriters, custodians, registrars, trustees, and other advisors.
- · No physical attendance is required; proxies are not allowed for this EOGM.
10-07-2026
ONGC's Board has granted in-principle approval to develop 1.75 MMT capacity Strategic Petroleum Reserves at Mangalore (Phase-I Extension) as a project of national importance, following directives from the Ministry of Petroleum and Natural Gas. The Board also directed the company to seek broader commercial utilisation opportunities with regulatory support from the Government of India. No financial figures or timelines were disclosed, and the filing contains no period-over-period comparisons or performance metrics.
- · The Board meeting commenced at 18:35 hrs and concluded at 20:35 hrs on July 9, 2026.
- · The approval is in-principle and subject to further regulatory and government support.
- · The project is classified as a 'project of national importance' under directives from the Ministry of Petroleum and Natural Gas.
09-07-2026
Sattrix Information Security Limited released its FY25-26 investor presentation, reporting revenue of ₹59 Cr (up 34% YoY), EBITDA of ₹14 Cr (up 88% YoY), and net profit (PAT) of ₹9 Cr (up 108% YoY). The company achieved a 3-year CAGR of 22.7% and an order book of ₹75 Cr. However, resource utilization declined from 99% in FY24 to 95% in FY25, and attrition spiked to 42% in Q4 FY26 from 11% in FY25, indicating operational challenges.
- · Revenue by business unit: Product ₹36 Cr, MSS SOC ₹32 Cr, MSS NOC ₹6 Cr, Others ₹2 Cr.
- · Revenue by industry: BFSI 58.3%, Telecom 20.6%, IT/ITes 11.8%, Healthcare 5.9%, Manufacturing 2.9%, Government/PSU 0.5%.
- · Customer segment: Enterprise 63.5%, Mid-Market 18.9%, SME 17.6%.
- · Global vs India revenue split: India 94%, Global 6%.
- · Top 5 customers contributed 68% of revenue; Top 10 contributed 50%; Top 15 contributed 18%.
- · EPS progression: FY23 ₹5.36, FY24 ₹6.57, FY25 ₹11.9.
- · ROE: FY23 27%, FY24 25%, FY25 22%; RoCE: FY23 20%, FY24 18%, FY25 15%.
- · Average daily NOC ticket volume: 47; SOC ticket volume: 28; Mean Time to Respond/Detect: 20 mins.
- · Onsite vs Remote mix: Onsite 58%, Remote 42%.
- · Headcount growth: FY23 185, FY24 187, FY25 207, Q1 FY26 207, Q2 FY26 211, Q3 FY26 211, Q4 FY26 207.
- · Attrition trend: FY23 32%, FY24 30%, FY25 11%, Q1 FY26 15%, Q2 FY26 9%, Q3 FY26 10%, Q4 FY26 42%.
- · Workforce by department: Service Delivery & Operations 64.6%, Software Development 24.3%, Sales & Business Development 6.3%.
- · Major wins: Q1 FY25 ₹17 Cr, Q2 FY25 ₹26 Cr, Q3 FY25 ₹3 Cr, Q4 FY25 ₹28 Cr.
09-07-2026
Dhampur Bio Organics Ltd. has completed the acquisition of 74% (7,400 equity shares at ₹10 each, total consideration ₹74,000) of DBION Private Limited (formerly Sonitron Chemicals Private Limited), making it a subsidiary and joint venture company under an agreement with Orgonew Private Limited. The acquisition was approved by the Board on April 20, 2026 and May 30, 2026, with this filing confirming completion.
- · The acquisition was executed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing Master Circular dated January 30, 2026.
- · The Board of Directors approved the acquisition at meetings held on April 20, 2026 and May 30, 2026.
- · An earlier intimation regarding the acquisition was provided on June 04, 2026.
- · There is no mention of any financial or operational impact on Dhampur Bio Organics Ltd., nor any change in its revenue, profit, or debt profile due to this acquisition.
09-07-2026
Greaves Cotton Limited has issued the notice for its 107th Annual General Meeting (AGM) to be held on August 4, 2026 via video conferencing, along with the Annual Report for FY 2025-26. The Board has recommended a final dividend of ₹2 per equity share (100% on face value of ₹2), and the AGM will also seek ratification of the cost auditor's remuneration of ₹9,00,000. Key dates include a record date of July 28, 2026, and a dividend payment date on or before September 2, 2026.
- · The Register of Members and Share Transfer Books will remain closed from July 29, 2026 to August 4, 2026.
- · Remote e-voting opens at 9:00 AM IST on July 31, 2026 and closes at 5:00 PM IST on August 3, 2026.
- · SEBI has prohibited transfer of securities in physical form since April 1, 2019, but a special one-year window is open from February 5, 2026 to February 4, 2027 for re-lodgement of previously returned transfer requests.
- · During FY 2025-26, all unpaid/unclaimed dividends for FY 2017-18 were transferred to IEPF; unclaimed interim dividend for FY 2018-19 was also transferred after the year-end.
- · Members holding physical shares must update KYC (PAN, bank details, signature, nomination) using forms ISR-1, ISR-2, ISR-3, SH-13, SH-14.
09-07-2026
Interise Trust updated that NHAI's July 8, 2026 circular supersedes an earlier September 2025 circular, directing the WPI linking factor of 1.641 (linking WPI 2004-05 to 2011-12) to continue for toll revision in all existing and future highway projects until further order. This follows a Delhi High Court order that kept the earlier revision to 1.561 in abeyance and directed re-examination. The update removes near-term uncertainty over toll computation rates for Interise Trust's highway projects.
- · The circular date is July 8, 2026, superseding the earlier September 13, 2025 circular.
- · The WPI linking factor remains at 1.641 for linking WPI 2004-05 to 2011-12.
- · The earlier circular had reduced the factor to 1.561 but was kept in abeyance by the Delhi High Court on October 17, 2025.
09-07-2026
Relicab Cable Manufacturing Limited has received a purchase order for Control Cables valued at approximately Rs. 1.43 Crore (including GST) from an unnamed leading energy technology company operating in India. The order is domestic and delivery is scheduled on or before August 30, 2026. No promoter or related party interest is involved.
- · The entity awarding the order is not named due to commercially sensitive information.
- · The order is a domestic contract with no promoter/group interest or related party transaction involvement.
- · Delivery is scheduled on or before August 30, 2026.
09-07-2026
Jubilant Agri and Consumer Products Limited (JACPL) has received an NCLT order dated July 8, 2026, allowing its first motion application for a scheme of arrangement to demerge its agri business into its wholly owned subsidiary, Jubilant Agri Solutions Limited (JASL). The NCLT has directed convening meetings of equity shareholders and unsecured creditors of JACPL, while dispensing with meetings for secured creditors of JACPL and all stakeholders of JASL. The scheme, which also includes renaming JACPL to 'Jubilant Industries Limited', aims to create focused management, unlock value, and segregate risks, but remains subject to shareholder and creditor approvals.
- · The share entitlement ratio is 1 equity share of JASL (face value ₹10) for every 1 equity share of JACPL (face value ₹10).
- · The appointed date for the scheme will be the Effective Date or such other date as approved by NCLT.
- · The scheme was approved by the boards of both companies on November 4, 2025.
- · Observation letters from NSE and BSE were received on April 17, 2026, granting no objection to the scheme.
- · No legal proceedings are pending against JASL; various litigations are pending against JACPL.
- · The valuation report was prepared by Axiology Valuetech Private Limited (IBBI registered) and a fairness opinion was issued by Corporate Professionals Capital Private Limited (SEBI registered Category I Merchant Banker).
09-07-2026
Kalpataru Limited has announced that its 38th Annual General Meeting (AGM) will be held on August 3, 2026, at 4:00 PM IST via video conferencing. The annual report for FY 2025-26 and the AGM notice will be sent to members in due course. No financial results or performance metrics are disclosed in this filing.
- · The AGM will be conducted through Video Conferencing / Other Audio Visual Means (VC/OAVM) in compliance with the Companies Act, 2013 and SEBI LODR Regulations.
- · The annual report for FY 2025-26 will be sent to members separately.
09-07-2026
The Board of Integrated Proteins Ltd. approved the reclassification of several promoters and promoter group members, including Vinod Prabhulal Mehta (holding 4,17,620 shares, 1.72%), to the 'Public' category, subject to shareholder, stock exchange, and regulatory approvals. The outgoing promoters confirmed they do not control the company, hold no special rights, and are not wilful defaulters or fugitive economic offenders. The reclassification is intended to comply with SEBI LODR Regulations and will be effective from the next quarter's shareholding pattern filing.
- · The reclassification is subject to approvals from shareholders, BSE Limited, and any other necessary authorities.
- · Outgoing promoters must not hold more than 10% of fully paid-up equity share capital and voting capital post-reclassification.
- · Vinod Prabhulal Mehta is the only promoter who currently has representation on the Board of Directors; he will cease such representation within 3 years of shareholder approval.
- · The company confirmed it is compliant with minimum public shareholding requirements, trading in its shares has not been suspended, and it has no outstanding dues to SEBI, stock exchanges, or depositories.
- · The reclassification will be reflected in the shareholding pattern from the immediate succeeding quarter.
09-07-2026
Greaves Cotton Limited has issued the Notice of its 107th Annual General Meeting (AGM) and the Annual Report for FY 2025-26. The AGM will be held on August 4, 2026, via video conferencing, and the Board has recommended a final dividend of ₹2 per equity share. The filing also details the transfer of 77,834 equity shares to the IEPF during FY 2025-26 and an additional 42,230 shares post-year-end, while noting that unclaimed dividends for FY 2017-18 and FY 2018-19 have been transferred to the IEPF.
- · Record date for dividend and cut-off for e-voting: July 28, 2026.
- · Dividend payment date: on or before September 2, 2026.
- · Remote e-voting period: from 9:00 AM IST on July 31, 2026 to 5:00 PM IST on August 3, 2026.
- · AGM date and time: August 4, 2026 at 3:00 PM IST.
- · Register of Members and Share Transfer Books will remain closed from July 29, 2026 to August 4, 2026.
- · Special business includes ratification of cost auditor remuneration of ₹9,00,000 for FY 2026-27.
- · SEBI has opened a special one-year window (Feb 5, 2026 – Feb 4, 2027) for re-lodgement of physical share transfer requests that were originally submitted before April 1, 2019 but returned due to documentation deficiencies.
- · Effective April 2, 2026, the Company/RTA has discontinued issuing Letters of Confirmation (LOC) for investor service requests; securities will be credited directly to demat accounts.
- · During FY 2025-26, all unpaid/unclaimed interim and final dividends for FY 2017-18 were transferred to IEPF; unclaimed interim dividend for FY 2018-19 was also transferred post-year-end.
- · Members who have not encashed/claimed dividends from FY 2020-21 final dividend onwards are urged to contact the Company or RTA.
09-07-2026
Maple Infrastructure Trust (MIT) has informed the exchanges that NHAI has issued a circular dated July 8, 2026, retaining the WPI linking factor of 1.641 (superseding the earlier circular of September 13, 2025 which had reduced it to 1.561). This reversal is positive for MIT as it restores the original, more favorable inflation indexation for user fee revisions across all existing concession agreements. The update follows a MoRTH Office Memorandum dated June 29, 2026, which directed the continued use of the 1.641 factor.
- · The earlier NHAI circular dated September 13, 2025 had reduced the linking factor from 1.641 to 1.561, which would have negatively impacted user fee escalation.
- · The MoRTH OM dated June 29, 2026, which directed the retention of the 1.641 factor, was issued in light of observations from the Comptroller and Auditor General (C&AG) and directions from the Hon'ble High Court of Delhi.
- · The 1.641 factor links the WPI series of 2004-05 to the WPI series of 2011-12 for user fee revision.
- · The new circular applies to all existing contracts/concession agreements and is to be followed in all future NH projects until further order/amendment in NH Fee Rules.
10-07-2026
Adani Ports and Special Economic Zone Limited has published a newspaper advertisement in Business Standard (Ahmedabad and Mumbai editions) on July 9, 2026, regarding its Second 100 Days Campaign 'Saksham Niveshak'. The campaign aims to encourage shareholders to update their KYC and other details to prevent the transfer of unpaid/unclaimed dividends to the Investor Education and Protection Fund (IEPF). The notice is also available on the company's website.
- · The advertisement was published in Business Standard – Ahmedabad and Mumbai Edition on July 9, 2026.
- · The campaign is focused on KYC and other related updation and shareholder engagement to prevent transfer of unpaid/unclaimed dividends to IEPF.
- · The information is also available on the company's website at www.adaniports.com.
09-07-2026
Desi Farms India Limited (formerly SER Industries Ltd) announced the resignation of Independent Director Mr. Om Narayan Singh, effective July 9, 2026, due to his other professional commitments. He also ceased to be a member of the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Securities Issue Committee. Mr. Singh confirmed there are no other material reasons for his resignation.
- · Mr. Om Narayan Singh holds no directorships in any other listed entity.
- · The resignation letter was dated July 2, 2026, but effective July 9, 2026.
- · The company's scrip code is 507984 and trading symbol is DESIFARMS.
09-07-2026
Trident Limited has issued the notice for its 36th Annual General Meeting (AGM) scheduled for July 31, 2026, along with its Integrated Annual Report for FY2025-26. The report highlights the company's evolution into a diversified enterprise with capabilities across home textiles, yarn, paper, chemicals, and energy, emphasizing sustainability initiatives such as PRIMESMART premium paper and an additional 5.40 MWp rooftop solar capacity. While the filing conveys a forward-looking and resilient narrative, it does not disclose specific financial performance metrics for the period, making a balanced quantitative assessment of growth or decline impossible from this document alone.
- · The AGM will be held via Video Conferencing on July 31, 2026 at 11:00 AM IST.
- · E-voting runs from July 28, 2026 (09:00 AM) to July 30, 2026 (05:00 PM), with the cut-off date for eligible members being July 24, 2026.
- · The company commissioned an additional 5.40 MWp rooftop solar capacity at its Budhni facility.
- · Trident serves customers across more than 100 countries and has over 16,000 employees.
- · The report is the company's second Integrated Annual Report, prepared in alignment with the Integrated Reporting <IR> Framework, UN Global Compact Principles, and SEBI LODR Regulations.
09-07-2026
Godrej Consumer Products Limited (GCPL) has announced a revised schedule for a virtual conference call with institutional investors and financial analysts, to be held on August 7, 2026, from 4:00 PM to 5:00 PM IST. The call will discuss the company's Q1 FY27 financial results, with senior management representing the company. No financial results or performance data are included in this filing.
- · Conference call timing revised to 4:00 PM - 5:00 PM IST on August 7, 2026.
- · Dial-in details provided for India, USA, UK, Singapore, and Hong Kong.
- · Diamond Pass registration link available for participants.
- · Presentation(s) will be submitted to stock exchanges and hosted on the company's website.
09-07-2026
GMR Power and Urban Infra Limited informed exchanges that GMR Kalinga Solar Power Limited (GKSPL) has changed from a wholly owned subsidiary to a step-down subsidiary after allotting equity shares to Grasim Industries Limited in a 71:29 ratio (GEL: 71%, Grasim: 29%). The change follows a long-term power supply agreement with Grasim and an equity infusion arrangement for a ~10 MW captive solar plant in Kamalanga, Odisha. No promoter or group company interest is involved.
- · GKSPL was incorporated on November 24, 2025 as a wholly owned subsidiary of GEL.
- · The equity allotment was made upon receipt of the first tranche of subscription amount.
- · The change in status is effective from July 08, 2026.
09-07-2026
Zee Entertainment Enterprises Limited has called an Extraordinary General Meeting (EGM) on July 31, 2026, to seek shareholder approval for issuing up to 24,94,85,563 fully convertible warrants to promoter group entity Sunbright Mauritius Investments Limited on a preferential basis at Rs. 126 per warrant, aggregating up to Rs. 3143,51,80,938. The warrants have an 18-month conversion period and require 25% upfront payment. This is a significant capital-raising move from the promoter group, indicating potential dilution for existing shareholders.
- · EGM will be held via video conference on July 31, 2026 at 4:00 p.m. IST.
- · Remote e-voting from July 27, 2026 (9:00 a.m.) to July 30, 2026 (5:00 p.m.) IST.
- · Cut-off date for entitlement to vote is July 24, 2026.
- · Warrants are convertible into equity shares of Re. 1 face value at Rs. 126 per share (including premium of Rs. 125).
- · Warrants have a lock-in period as per SEBI ICDR Regulations.
- · If warrants are not exercised within 18 months, they lapse and the upfront payment is forfeited.
09-07-2026
Mitsu Chem Plast Limited has submitted its Annual Report for FY2025-26, reporting revenue of ₹35,016.95 Lakhs (₹350.17 Cr), EBITDA of ₹3,466.31 Lakhs (₹34.66 Cr) with a margin of 9.90%, and PAT of ₹1,561.87 Lakhs (₹15.62 Cr) with a margin of 4.46%. The company declared a dividend of ₹0.20 per equity share and will hold its AGM on July 31, 2026 via video conferencing. While the company highlights growth in its hospital furniture segment (13.23% of revenue) and recent capacity expansion, the overall EBITDA margin of 9.90% and PAT margin of 4.46% indicate moderate profitability, and no prior-year comparative figures are provided to assess performance trends.
- · The company has 4 manufacturing facilities: Unit 1 (20,000 sq.ft.), Unit 2 (36,000 sq.ft.), Unit 3 (96,000 sq.ft.), Unit 4 (60,000 sq.ft.)
- · Certifications include ISO 9001, ISO 14001, ISO 13485, ISO 45001, ISO 22000, CE marking, UN certification, PESO approval, and EcoVadis 2024
- · The company has a dedicated depot in Hyderabad for South India and distributor network for North India
- · Revenue split: Molded Industrial Packaging 83.88%, Hospital Furniture Parts 13.23%, Infrastructures & Others 2.89%
- · The company completed a Rights Issue raising ₹21.68 Cr in 2025 and launched Furnastra brand in 2026
- · AGM scheduled for July 31, 2026 via video conferencing
09-07-2026
Cummins India Limited released its Annual Report for FY 2025-26, reporting record revenue of ₹11,950 crore (up 18% YoY from ₹10,166 crore) and record profitability with Profit Before Tax of ₹3,104 crore (up 24% YoY from ₹2,496 crore) and Profit After Tax of ₹2,330 crore. Domestic sales grew 19% to ₹9,961 crore, while export sales grew 12% to ₹1,989 crore. However, net cash from operations grew only 3% to ₹1,734 crore, indicating flat cash flow generation relative to revenue growth. The company will hold its 65th AGM virtually on August 6, 2026.
- · The company has 23% gender diversity among permanent employees.
- · The AGM will be held virtually on August 6, 2026, with a cut-off date of July 30, 2026 for member attendance.
- · The company serves markets in India, Bhutan, and Nepal, with exports to America, Europe, Mexico, Africa, the Middle East, and China.
- · The company operates 4 factories and has over 480 4S touchpoints and 110+ retail touchpoints.
- · The annual report is available on the company's website and NSDL's e-voting platform.
09-07-2026
Trident Limited has notified shareholders that the Integrated Annual Report for FY 2025-26 and the Notice of the 36th Annual General Meeting (AGM) are available electronically on the company’s website. The AGM will be held on July 31, 2026 at 11:00 AM IST via video conference, with e-voting from July 28 to July 30, 2026. This is a routine procedural disclosure and does not contain any financial results or operational updates.
- · AGM date: July 31, 2026; cutoff date for voting eligibility: July 24, 2026.
- · E-voting period: July 28, 2026 (9:00 AM IST) to July 30, 2026 (5:00 PM IST).
- · Shareholders holding physical shares without PAN, KYC or nomination updated are eligible for dividend only through electronic mode after registration.
- · Physical copies of the Integrated Annual Report will be sent upon request.
09-07-2026
Mitsu Chem Plast Limited has issued a notice for its 38th Annual General Meeting (AGM) to be held on July 31, 2026 via video conferencing. The agenda includes adoption of financial statements, declaration of a final dividend, and several key board changes: appointment of a new independent director, re-appointment of an existing independent director, appointment of an executive director, and changes in designation and remuneration for existing directors. The company also seeks shareholder approval to increase borrowing limits from ₹200 crore to ₹500 crore and to create security on assets up to ₹500 crore.
- · AGM will be conducted via Video Conferencing / Other Audio Visual Means, with no physical venue.
- · Mr. Ajit Eledath Venugopalan was appointed as Additional Director (Non-Executive Independent) on May 28, 2026 and is proposed for a five-year term as Independent Director.
- · Mr. Hasmukh Bhavanji Dedhia's second term as Independent Director will run from June 1, 2026 to May 31, 2031, with continuation after age 75 approved.
- · Mr. Pankaj Janardan Gharat was appointed as Additional Director on July 7, 2026 and is proposed as Executive Director for five years with annual compensation up to ₹24 lakh.
- · Mr. Jagdish Dedhia's designation changes from Chairman & Whole Time Director to Non-Executive (Non-Independent) Chairman effective July 7, 2026, with remuneration of ₹27 lakh for the period July 7, 2026 to March 31, 2027.
- · Mr. Sanjay Dedhia's designation changes from Managing Director to Executive Vice-Chairman and Managing Director with increased remuneration.
- · Mr. Manish Dedhia's appointment terms as Managing Director & CFO are proposed to be varied with revised remuneration.
- · Borrowing limit increase from ₹200 crore to ₹500 crore and creation of security up to ₹500 crore require special resolutions.
09-07-2026
Exhicon Events Media Solutions Limited has called an Extraordinary General Meeting (EOGM) on July 31, 2026, to seek shareholder approval for a preferential issue of up to 5,00,000 fully convertible warrants to promoter Mohammad Quaim Syed at an issue price of ₹479 per warrant, aggregating to ₹23,95,00,000 (₹23.95 Cr). The warrants are convertible into one equity share each within 18 months, with 25% payable upfront and the balance upon conversion. The filing is a routine procedural disclosure and does not contain any financial results or performance metrics.
- · EOGM to be held on July 31, 2026 at 09:00 AM at the registered office in Pune.
- · Cut-off date for e-voting eligibility is July 24, 2026.
- · Remote e-voting period: July 28, 2026 (09:00 AM IST) to July 30, 2026 (05:00 PM IST).
- · Warrants are subject to lock-in as per SEBI ICDR Regulations.
- · If warrants are not exercised within 18 months, the upfront 25% payment will be forfeited.
- · The relevant date for pricing is July 1, 2026 (30 days prior to EOGM).
09-07-2026
Max Healthcare Institute Limited has informed the stock exchanges that its representatives will participate in a group meeting organized by Kotak Securities Limited on July 14, 2026, in Delhi. The meeting will be held physically and no unpublished price sensitive information is proposed to be shared. This is a routine disclosure under Regulation 30 of SEBI LODR Regulations.
- · The investor meeting is scheduled for July 14, 2026 (Tuesday) in Delhi.
- · The meeting is a physical group meeting organized by Kotak Securities Limited.
- · The company confirms no unpublished price sensitive information will be shared.
09-07-2026
Manorama Industries Limited's Board of Directors, at a meeting held on July 9, 2026, approved the incorporation of a wholly owned subsidiary in Chad named 'Manorama Savannah Agro Chad SARL'. The subsidiary will focus on buying, processing, and selling shea nuts/butter and other materials, with an authorized and paid-up capital of CFA 1,00,00,000 (CFA One Crore). The investment will be made in cash, and the subsidiary is intended to support the company's core business in the shea value chain.
- · The Board meeting commenced at 9:30 p.m. IST and concluded at 10:05 p.m. IST on July 9, 2026.
- · The subsidiary will be a wholly owned entity, making it a related party; transactions will be on an arm's length basis.
- · The investment will be made in one or more tranches as per business requirement.
- · No governmental or regulatory approvals are required for the incorporation beyond local laws in Chad.
- · The subsidiary's industry classification is 'Trading'.
10-07-2026
Tata Consultancy Services Limited has disclosed the audio recording link for its earnings conference call for the quarter ended June 30, 2026, held on July 9, 2026, following the Board of Directors meeting. The filing is a routine disclosure under Regulation 30 of SEBI LODR and does not contain any financial figures or performance data.
- · The earnings conference call was held on July 9, 2026, for the quarter ended June 30, 2026.
- · The audio recording link is available on TCS's investor relations page.
09-07-2026
Mitsu Chem Plast Limited has informed BSE that Friday, July 24, 2026 is fixed as the record date for payment of dividend, subject to shareholder approval at the upcoming Annual General Meeting. The Register of Members and Share Transfer Book will remain closed from July 25, 2026 to July 31, 2026 (both days inclusive) for the 38th Annual General Meeting scheduled on July 31, 2026 via video conferencing.
- · Record date for dividend: July 24, 2026
- · Book closure period: July 25, 2026 to July 31, 2026
- · 38th Annual General Meeting scheduled on July 31, 2026 at 3:30 p.m. via Video Conferencing / Other Audio Visual Means
- · Dividend payment is subject to shareholder approval at the AGM
09-07-2026
Expleo Solutions Limited's Board of Directors, at its meeting on July 9, 2026, approved the convening of the Annual General Meeting (AGM) on August 26, 2026, via video conference, and set the record date for the closure of the share transfer books from August 19 to August 26, 2026. However, the Board decided not to declare a dividend for the period, opting instead to conserve resources for growth and market opportunities.
- · The Board meeting commenced at 7:15 PM and concluded at 9:45 PM on July 9, 2026.
- · The AGM will be held through Video Conference or Other Audio-Visual Means.
- · Share Transfer Books and Register of Members will remain closed from August 19, 2026, to August 26, 2026 (both days inclusive).
09-07-2026
Cummins India Limited released its Annual Report for FY 2025-26 and convened its 65th Annual General Meeting (AGM) via video conferencing on August 6, 2026. The company reported record annual revenue of Rs. 11,950 crore (up 18% YoY from Rs. 10,166 crore), record Profit Before Tax of Rs. 3,104 crore (up 24% YoY from Rs. 2,496 crore), and Profit After Tax of Rs. 2,330 crore. However, net cash generated from operations grew only 3% to Rs. 1,734 crore, and export sales growth of 12% lagged domestic sales growth of 19%, highlighting a mixed performance.
- · The 65th AGM will be held on August 6, 2026 at 11:30 a.m. IST via VC/OAVM; cut-off date for attendance is July 30, 2026.
- · The company serves markets in India, Bhutan, Nepal and exports to America, Europe, Mexico, Africa, the Middle East and China.
- · Cummins India was founded in 1962 and is headquartered in Pune.
- · The company operates 4 factories and 1 parts distribution center, with over 480+ 4S touchpoints and 110+ retail touchpoints.
- · Gender diversity stands at 23% women in the permanent workforce.
- · The company's principles of sustainability are Safe, Clean, Diverse, Lean, Green.
09-07-2026
Aerpace Industries Limited has issued a postal ballot notice seeking shareholder approval for nine resolutions, including the appointment of Mr. Anand Manoj Shah as Managing Director with a salary not exceeding ₹36,00,000 per annum, approval of material related party transactions with Aerpace Consultancy Private Limited (up to ₹100 Crore), Aerpace Robotics Private Limited, and Aerpace Supercars Private Limited, and a special resolution to increase borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The e-voting period runs from July 10, 2026 to August 8, 2026, with results announced by August 10, 2026. The filing does not disclose any financial performance metrics, so no period-over-period comparisons are available.
- · The cut-off date for determining eligible members for voting is July 3, 2026.
- · The e-voting period commences at 09:00 AM IST on July 10, 2026 and ends at 05:00 PM IST on August 8, 2026.
- · Results of the e-voting will be announced on or before August 10, 2026.
- · The appointment of Mr. Anand Manoj Shah as Managing Director is for a term of three years from May 12, 2026 to May 11, 2029, and he is not liable to retire by rotation.
- · The company seeks approval for material related party transactions with three related entities: Aerpace Consultancy Private Limited, Aerpace Robotics Private Limited, and Aerpace Supercars Private Limited.
- · A special resolution is proposed to increase borrowing powers of the company under Section 180(1)(c) of the Companies Act, 2013.
- · A special resolution is proposed for issuance of warrants on a preferential basis.
09-07-2026
The Federal Bank Limited has informed the stock exchanges that an investor/analyst conference call will be held on July 17, 2026, at 5:30 PM IST to discuss the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027) and business updates. The filing provides dial-in details and a meeting link for participation. No financial results or business updates are disclosed in this filing.
- · Conference call scheduled for Friday, July 17, 2026 at 5:30 PM IST.
- · Dial-in numbers include India National Toll Free 1800 120 1221 and multiple international toll-free numbers.
- · Meeting link: https://shorturl.at/Hzgyj
09-07-2026
Mitsu Chem Plast Limited has informed BSE that July 24, 2026 is the record date for dividend payment (subject to shareholder approval at the AGM), and the register of members and share transfer book will be closed from July 25 to July 31, 2026 for the 38th Annual General Meeting. The filing does not disclose the dividend amount or any financial performance data.
- · Record date for dividend: July 24, 2026
- · Book closure period: July 25, 2026 to July 31, 2026 (both days inclusive)
- · 38th Annual General Meeting scheduled on July 31, 2026 at 3:30 p.m. via Video Conferencing / Other Audio Visual Means
- · Dividend is subject to shareholder approval at the AGM
09-07-2026
JSW Energy Limited held its 32nd Annual General Meeting (AGM) on July 9, 2026, via video conferencing, with 109 members attending. All 17 resolutions, including the adoption of financial statements, declaration of a dividend of ₹2 per share (20%), re-appointment of directors, and approval of material related party transactions, were passed with the requisite majority. While all resolutions received overwhelming support from promoters and institutional shareholders, non-institutional public shareholders showed notable dissent on certain items, with up to 9.23% voting against the re-appointment of Mr. Sharad Mahendra and 9.08% against the adoption of financial statements.
- · The AGM was held through Video Conferencing / Other Audio Visual Means; no physical attendance or proxy facility was provided.
- · The meeting commenced at 11:00 a.m. IST and concluded at 12:26 p.m. IST.
- · Promoters and promoter group held 1,21,98,19,622 shares and voted 99.6863% of their holdings on all resolutions.
- · Public institutions held 50,60,65,067 shares and voted approximately 86.3% on each resolution.
- · Public non-institutions held 10,75,98,047 shares but only about 0.38% voted via e-voting, with an additional ~0.03% voting via poll.
- · Resolution 3 (re-appointment of Mr. Sharad Mahendra) saw 88,30,310 votes against from public institutions (2.02% of their votes) and 37,747 votes against from public non-institutions (9.23% of their votes).
- · Resolution 1 (adoption of financial statements) had 2,26,023 votes against from public institutions and 37,235 votes against from public non-institutions.
- · All resolutions were passed with the requisite majority; no resolution required special majority.
- · The statutory and secretarial auditors' reports contained no qualifications, reservations, or adverse remarks.
- · The Chairman's address covered business operations, financial performance, capital raise, thermal, hydro, renewable energy, pump hydro storage businesses, digital transformation, and growth strategy.
09-07-2026
Nazara Technologies Limited has informed the stock exchanges about its schedule of investor and analyst meetings for July 14 and July 16, 2026. The company will hold one-on-one meetings with Axis Capital and Eternalis Capital in Mumbai, with discussions based on publicly available information. No financial results or material developments were disclosed in this filing.
09-07-2026
Automotive Stampings and Assemblies Limited has informed the stock exchanges that it has sent a letter providing the web-link of the Annual Report for FY 2025-26 to members who have not registered their email addresses. The 36th Annual General Meeting (AGM) is scheduled for July 30, 2026, at 11:00 AM IST via video conferencing. This is a routine procedural disclosure under SEBI Listing Regulations and contains no financial results or operational updates.
- · AGM date: July 30, 2026, at 11:00 AM IST via VC/OAVM
- · Annual Report for FY 2025-26 is available at: autostampings.com/storage/2022/07/Annual-Report-2026.pdf
- · Company has multiple manufacturing plants in Chakan (two units), Uttarakhand, Sanand (Gujarat), and Jamshedpur (Jharkhand)
- · Company is a Tata Enterprise
09-07-2026
Expleo Solutions Limited's Board of Directors met on July 09, 2026, and approved the Annual General Meeting (AGM) to be held on August 26, 2026, via video conference. The Board also decided not to declare a dividend for the period, opting instead to conserve resources for growth and new market opportunities. The meeting started at 7:15 PM and concluded at 9:45 PM.
- · Share Transfer Books and Register of Members will remain closed from August 19, 2026, to August 26, 2026, for the AGM.
- · The Board meeting commenced at 7:15 PM and concluded at 9:45 PM.
09-07-2026
JSW Energy Limited held its 32nd Annual General Meeting on July 9, 2026, via video conferencing, with 109 members attending. All 17 resolutions, including adoption of financial statements, dividend declaration of ₹2 per share (20%), re-appointment of directors, and material related party transactions, were approved with requisite majorities. The meeting highlighted the company's business operations, financial performance, and growth strategy, with no qualifications from auditors.
- · All 17 resolutions were passed with overwhelming majority; for Resolution 1 (adoption of financials), 99.9841% voted in favour, 0.0159% against.
- · Resolution 3 (re-appointment of Sharad Mahendra) saw 2.02% votes against from public institutions and 9.23% from public non-institutions.
- · The meeting concluded at 12:26 p.m. IST, lasting 1 hour 26 minutes.
- · No proxy facility was provided as the meeting was conducted through electronic means.
09-07-2026
Expleo Solutions Limited's Board of Directors met on July 09, 2026, and approved the Annual General Meeting (AGM) to be held on August 26, 2026, via video conference. The Board also decided not to declare a dividend for the period, opting to conserve resources for growth and new market opportunities. The meeting lasted from 7:15 PM to 9:45 PM.
- · Share Transfer Books and Register of Members will be closed from August 19, 2026, to August 26, 2026, for the AGM.
- · The Board meeting commenced at 7:15 PM and concluded at 9:45 PM.
09-07-2026
VTM Ltd has submitted its Integrated Annual Report for FY2025-26 to the Bombay Stock Exchange. The report highlights a ₹25 crore investment in modernization and capacity upgrades, including new Rapier looms from Italy, and the commissioning of additional rooftop solar plants to expand renewable energy capacity. The company continues to navigate a challenging global textile environment while diversifying its export presence into Europe, Japan, the UK, and Australia.
- · The company operates integrated manufacturing facilities at Virudhunagar and Alampatti, Tamil Nadu.
- · VTM's production capabilities comprise 277 weaving machines: 163 Airjet looms, 78 Sulzer looms, 26 Rapier looms, and 10 Jacquard machines.
- · The company commissioned a 1.35 MW solar power plant to support manufacturing operations.
- · VTM holds certifications including GOTS, Supima, and OEKO-TEX.
- · The company executed a 1:10 stock split in 2004 and issued 3 new bonus shares for every 2 existing shares in 2020.
- · The Home Textiles Division was established in 2020, and the Pacific Cotton Company was launched in the same year.
09-07-2026
VTM Ltd has submitted its Integrated Annual Report for FY2025-26, highlighting a strategic focus on operational excellence, product diversification, and sustainable manufacturing. The company invested over ₹25 crore in modernization and capacity upgrades, including new Rapier looms and solar power capacity, while expanding its export footprint into Europe, Japan, the UK, and Australia. However, the report notes that challenging market conditions tested the textile industry, and the company consciously prioritized long-term relationships and business continuity over short-term financial outcomes, implying potential pressure on near-term profitability.
- · The company issued 3 new bonus shares for every 2 existing shares in 2020.
- · Executed a 1:10 stock split in 2004, sub-dividing one equity share into ten shares of face value Rs. 1 each.
- · The company changed its name to VTM Limited on 18th November 2004.
- · Home Textiles Division was established in 2020, specializing in high-end luxury products like bed linen, comforters and duvets.
- · Pacific Cotton Company was launched in 2020 as a customer-focused brand leveraging data-driven insights.
- · Manufacturing facilities are located at Virudhunagar and Alampatti, Tamil Nadu.
- · The company holds certifications including GOTS, Supima, and OEKO-TEX.
- · The company has a wind mill in addition to solar power for renewable energy.
- · The company's CIN is L17111TN1946PLC003270.
- · The registered office is at Sulakarai, Virudhunagar - 626 003.
- · The Chairman's office is at Thiagarajar Mills Premises, KAPPALUR - 625 008, Madurai.
09-07-2026
CARE Ratings reaffirmed and upgraded International Conveyors Limited's (ICL) credit ratings, reflecting improved financial performance in FY26 with 44% YoY revenue growth to ₹203.65 crore and PBILDT margin improvement to 20.01%. However, the rating is constrained by significant exposure to group companies (₹149.92 crore, ~35% of TNW) and risks from raw material price volatility and foreign currency fluctuations. The company's investment portfolio remains healthy at ₹325.51 crore, but promoter entities have pledged shares and provided non-disposal undertakings for 50.69% of ICL's shareholding to fund the delisting process of group company Elpro International Limited.
- · The company's PAT declined 10.7% YoY to ₹68.06 crore in FY26 from ₹76.25 crore in FY25, despite revenue growth.
- · Exports as a percentage of total sales decreased slightly to 63% in FY26 from 65% in FY25.
- · The company's exposure to group companies increased 13.6% YoY to ₹149.92 crore as on March 31, 2026.
- · Promoter entities have provided a non-disposal undertaking for 50.69% shareholding in ICL as part of the EIL delisting funding arrangement.
- · The company's average utilisation of fund-based working capital limits stood at ~47% for the 12 months ending April 2026.
- · The company has two manufacturing facilities: Aurangabad (capacity 700,800 MPA) and Falta (capacity 425,000 MPA).
09-07-2026
State Bank of India disclosed that its subsidiary SBI Funds Management Limited (SBIFM) has entered into share purchase agreements to sell 2,88,32,748 equity shares (1.4156% of pre-Offer capital) to 30 investors at ₹574.00 per share, for an aggregate consideration of ₹1,655.00 crore, as part of the pre-IPO transaction ahead of SBIFM's IPO. The filing does not provide any period-over-period comparisons or performance metrics, so no positive or negative trends can be assessed.
- · The pre-IPO transaction involves 30 investors, with investor-wise details annexed as Annexure A.
- · The share purchase agreements were entered into on July 9, 2026, subject to fulfilment of conditions precedent.
- · The filing references SEBI Master Circular dated January 30, 2026 for additional disclosure requirements.
09-07-2026
Cube Highways Trust disclosed that NHAI, via Policy Circular dated July 8, 2026, has superseded its September 2025 circular and reinstated the WPI linking factor of 1.641 (instead of 1.561) for toll revision, following a June 29, 2026 MoRTH office memorandum and a Delhi High Court order that had kept the earlier circular in abeyance. This regulatory reversal removes a negative headwind for the Trust's SPVs, as the higher linking factor supports higher toll escalation. However, the filing is purely a regulatory update with no financial figures or performance data disclosed.
- · The Delhi High Court on October 17, 2025 had ordered the NHAI September 2025 circular to be kept in abeyance.
- · The MoRTH Office Memorandum dated June 29, 2026 decided to continue using the linking factor of 1.641 for all existing contracts/concession agreements.
- · The NHAI Policy Circular dated July 8, 2026 supersedes the earlier September 13, 2025 circular.
- · The revised linking factor applies to all existing contracts/concession agreements of the Trust's SPVs and future NH projects until further order/amendment in NH Fee Rules.
09-07-2026
Asian Paints Limited held its 80th Annual General Meeting on July 9, 2026, via video conference, with 158 members attending (27 promoters, 131 public). All eight resolutions, including the adoption of financial statements, declaration of final dividend, re-appointment of directors, and appointment of statutory auditors, were passed with the requisite majority. Notably, while promoter votes were unanimous in favor on all resolutions, public non-institutional shareholders showed significant opposition on certain items, with up to 70.77% of their votes cast against resolutions during the AGM e-voting.
- · The AGM lasted from 11:00 a.m. to 12:57 p.m. IST (1 hour 57 minutes).
- · Remote e-voting period was from 5th July 2026 (9:00 a.m.) to 8th July 2026 (5:00 p.m.).
- · All eight resolutions were passed with requisite majority, including special resolutions for re-appointment of Mr. Milind Sarwate as Independent Director for a second term (21st Oct 2026 – 20th Oct 2031) and appointment of Mr. Sudhir Sitapati as Independent Director (29th May 2026 – 28th May 2031).
- · Statutory and Secretarial Auditors' reports contained no qualifications.
- · Promoter group held 50,47,85,198 shares; they did not vote during the AGM e-voting (0 votes polled) but voted 100% in favour via remote e-voting on all resolutions.
- · Public non-institutional shareholders voted against Resolution 3 (Manish Choksi re-appointment) with 70.78% of their AGM e-votes against, and against Resolution 4 (Amrita Vakil re-appointment) with 70.77% of their AGM e-votes against.
09-07-2026
MM Forgings Limited has filed the certified copy of the NCLT order sanctioning the scheme of amalgamation with D V S Industries Private Limited with the Registrar of Companies, Tamil Nadu. Consequently, D V S Industries Private Limited will stand dissolved. This marks the completion of a key regulatory step in the merger process.
- · The filing was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- · The NCLT order was received on or before July 9, 2026, and the Form INC-28 was filed with the ROC Tamil Nadu on the same date.
- · The transferor company, D V S Industries Private Limited, shall stand dissolved upon the scheme taking effect.
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