India Stock Market Daily Regulatory Digest — July 19, 2026

19-07-2026

NMDC Steel Limited has appointed Shri Vivek Nishant Nath as Director (Commercial) on its Board effective July 15, 2026, for a five-year term. He brings over three decades of experience in mining and metals, having previously led significant growth in iron ore sales from 12.33 million tonnes (FY 2020-21) to 38.26 million tonnes (FY 2025-26) at Odisha Mining Corporation. No other director is related to him, and he is not debarred by SEBI.

• · Appointment is for a period of five years from date of assumption (15.07.2026) or until further orders, whichever is earlier.
• · Shri Nath holds an MBA in International Business from Symbiosis Centre for Management Studies, Pune, and completed a Management Development Programme from IIM Indore.
• · He has been invited as keynote speaker at forums including SGX, Fastmarkets, Mysteel, SMM, IMARC, Metal Junction, Metalogic, and Steelmint.
• · Shri Vinay Kumar was previously holding the additional charge of Director (Commercial), which is now relieved.

19-07-2026

Sigma Advanced Systems Limited (formerly Megasoft Limited) has allotted 1,32,56,470 equity shares at ₹347 per share (including a premium of ₹337) on a preferential basis, aggregating to ₹459,99,95,090. The allotment was approved by the Board via circular resolution on July 18, 2026, following shareholder approval at the EGM on June 28, 2026. Post-allotment, the paid-up equity share capital increased to 18,94,96,175 shares amounting to ₹1,89,49,61,750.

• · Face value of each equity share is ₹10, with a premium of ₹337 per share.
• · The allotment was made for consideration in cash.
• · The company's name has been changed from Megasoft Limited to Sigma Advanced Systems Limited.

19-07-2026

Cyient Limited announced it will host a Q1 FY27 earnings conference call on July 23, 2026, to discuss results for the quarter ended June 30, 2026. The call will feature senior management including Krishna Bodanapu, Sukamal Banerjee, and Shrinivas Kulkarni. The company reported $658M in annual revenue for FY26 and employs over 15,000 associates.

• · Conference call scheduled for July 23, 2026 at 06:30 PM IST
• · Call duration: 60 minutes
• · Cyient partners with over 300 global customers across 30+ countries
• · Recognized among Top 10 pure-play global engineering services providers

19-07-2026

Quadrant Televentures Limited has convened the 13th meeting of its Committee of Creditors on July 21, 2026, as part of the Corporate Insolvency Resolution Process (CIRP) initiated by NCLT order dated September 2, 2025. The company remains under CIRP, indicating ongoing financial distress and restructuring efforts.

• · CIRP was admitted by NCLT on September 2, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016.
• · The 13th Committee of Creditors meeting is scheduled for July 21, 2026.
• · The company is still under CIRP as of the filing date (July 19, 2026).

19-07-2026

Knowledge Marine & Engineering Works Limited held an Extra-Ordinary General Meeting (EOGM) on July 19, 2026, via video conferencing, to seek shareholder approval for the issuance of equity shares on a preferential basis. The meeting was chaired by Mrs. Kanak Kewalramani, Whole-time Director & CFO, and was attended by all directors. No shareholders raised any questions or queries during the meeting, and the resolution was put to vote through remote e-voting and e-voting during the EOGM. The voting results are pending scrutiny and will be announced subsequently.

• · The EOGM was conducted on Sunday, July 19, 2026, from 11:00 a.m. to 11:39 a.m. IST.
• · The meeting was held via video conferencing in compliance with MCA and SEBI circulars.
• · The sole agenda was approval for issuance of equity shares on a preferential basis (special resolution).
• · No shareholders asked any questions or made any queries during the meeting.
• · Remote e-voting was open from July 15, 2026 (9:00 a.m.) to July 18, 2026 (5:00 p.m.).
• · The scrutinizer for the voting process was Ms. Preeti Singhania, Proprietor of M/s. P Singhania & Associates, Chartered Accountants.
• · The combined voting result and scrutinizer's report will be uploaded on the company's website and submitted to stock exchanges within 2 working days.

19-07-2026

Bajel Projects Limited has incorporated a wholly owned subsidiary, BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C, in Abu Dhabi, United Arab Emirates, on July 18, 2026. The subsidiary, with an issued share capital of AED 100,000, will focus on Engineering, Procurement and Construction (EPC) projects in power transmission, distribution, and allied infrastructure to strengthen the company's presence in the Middle East. As a newly incorporated entity, it has no turnover or business operations history.

• · The subsidiary was incorporated under the laws of the Emirate of Abu Dhabi and the United Arab Emirates.
• · The incorporation does not constitute a related party transaction; no promoter, promoter group, or group companies have any interest in the entity beyond it being a wholly owned subsidiary.
• · The consideration for the subscription is cash.
• · Bajel Projects Limited will hold 100% of the equity share capital of the subsidiary.

19-07-2026

MPS Limited has received NCLT approval for the first motion application regarding the amalgamation of its wholly-owned subsidiary ADI BPO Services Limited (Transferor Company) into MPS Limited (Transferee Company). The NCLT has dispensed with meetings of shareholders and creditors of ADI BPO and secured creditors of MPS, but directed meetings of MPS equity shareholders and unsecured creditors on August 22, 2026. The amalgamation aims to simplify the group structure, reduce administrative costs, and enable growth opportunities, though the scheme is still subject to shareholder and creditor approval.

• · The NCLT order was pronounced on July 2, 2026, but the certified copy was delayed and became available to the company only after a delay; minor typographical errors were identified and clarified before this intimation.
• · Meetings of equity shareholders and unsecured creditors of MPS Ltd (Transferee Company) are scheduled for August 22, 2026 at 10:00 AM IST and 11:30 AM IST respectively, at the company's registered office or through VC/OAVM.
• · ADI BPO Services Ltd (Transferor Company) is a public limited company incorporated on January 9, 2006, with a net worth of ₹13,379.27 lakhs and turnover of ₹6,188.49 lakhs as of December 31, 2025.
• · MPS Ltd (Transferee Company) was originally incorporated as 'Macmillan Company' on January 19, 1970, and changed to MPS Limited on June 25, 2009; its net worth was ₹32,583 lakhs and turnover ₹21,083 lakhs as of September 30, 2025.
• · The scheme is intended to simplify the group structure by eliminating inter-company transactions and administrative duplications, as the Transferor Company is currently the holding company of the Transferee Company.

19-07-2026

Chennai Petroleum Corporation Limited has fixed August 7, 2026 as the record date for its final equity dividend of ₹54 per share (540% on paid-up capital) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The dividend, if approved, will be paid within 30 days of the AGM, and the company will deduct TDS as per the Income Tax Act, 2025.

• · Record date for dividend eligibility is Friday, August 7, 2026.
• · Shareholders must submit TDS-related documents by Friday, August 14, 2026.
• · The dividend recommendation was initially communicated on April 24, 2026.

19-07-2026

HFCL Limited announced an earnings conference call to discuss its Q1 FY27 financial results (standalone and consolidated) for the period ended June 30, 2026, scheduled for July 22, 2026 at 4:30 PM IST. The call, hosted by Nuvama Institutional Equities, will feature key management including Promoter & MD Mahendra Nahata, CFO V. R. Jain, and Company Secretary Manoj Baid. No financial figures or performance metrics are disclosed in this filing.

• · The call is restricted to analysts and investors; audio recording and transcript will be made available on company and exchange websites subsequently.
• · Dial-in numbers provided for India, USA, UK, Singapore, and Hong Kong.

19-07-2026

Nilachal Refractories Ltd. has informed the stock exchanges that its Board of Directors will meet on July 22, 2026, to consider a proposal for the monetization, transfer, or sale of substantially all of the company's assets and undertakings, including plant, machinery, inventories, and business undertakings. The board will also evaluate whether this constitutes a disposal of substantially the whole undertaking, requiring shareholder approval under Section 180 of the Companies Act, 2013, and will consider convening an Extra-Ordinary General Meeting (EGM) on shorter notice. This indicates a potential major corporate restructuring or near-total asset sale, which carries significant materiality for shareholders.

• · Board meeting scheduled for July 22, 2026 at 11:30 AM at 30D, J. L. Nehru Road, Kolkata.
• · The proposal includes sale via Business Transfer Agreement, Asset Purchase Agreement, slump sale, or scrap sale on 'as is where is' basis.
• · Shareholder consent may be sought under Section 180 of the Companies Act, 2013 if the transaction constitutes disposal of substantially the whole undertaking.
• · EGM may be convened on shorter notice if consent from members holding at least 95% of voting power is received.
• · The company is listed on BSE (Scrip Code: 502294) and CSE (Scrip Code: 19120).

19-07-2026

Rossari Biotech reported Q1 FY27 consolidated revenue of ₹697.2 Cr, up 28.2% YoY, driven by broad-based growth across HPPC (+28%), TSC (+28%), and AHN (+27%) segments. EBITDA grew 18.7% YoY to ₹80.6 Cr, but EBITDA margin contracted 90 bps YoY to 11.6%, and PAT margin fell 120 bps to 5.0% as finance costs surged 93% YoY and depreciation rose 43.8%. The company's Institutional & B2C segments remained flat YoY, and PAT grew only 4.5% YoY to ₹35.1 Cr, significantly lagging revenue growth.

• · Core segments (excluding Institutional & B2C) delivered 32% YoY revenue growth to ₹626 Cr and 13% YoY EBITDA growth to ₹85 Cr, with EBITDA margin of 14%.
• · Institutional & B2C revenue was flat YoY at ₹71 Cr, and EBITDA remained negative at -₹2 Cr (improved from -₹7 Cr in Q1 FY26).
• · Exports grew at a 19% CAGR from FY23 to FY26, reaching ₹634 Cr in FY26.
• · ROE and ROCE both stood at 12% in FY26, down from 21% in FY23.
• · Net debt to equity was 0.21x in FY26, up from -0.08x (net cash) in FY23.
• · EPS (diluted) was ₹6.3 in Q1 FY27 vs ₹6.1 in Q1 FY26.
• · The company established a greenfield blending facility in Thailand with 5,000 MTPA capacity through subsidiary Unistar Thai.
• · Sale of Andheri office completed in Q1 FY27, following Kanjurmarg office sale in Q4 FY26.
• · FY26 revenue was ₹2,396.4 Cr (15.2% YoY), EBITDA ₹286 Cr (7.9% YoY), PAT ₹149.2 Cr (9.4% YoY).
• · FY26 EBITDA margin was 11.9% (down 80 bps YoY) and PAT margin was 6.2% (down 40 bps YoY).

19-07-2026

Reliance Industries reported a strong Q1 FY2027 with consolidated revenue up 25% YoY to ₹54,000 Crore (excluding Asian Paints one-time), EBITDA up 10% to ₹54,000 Crore, and net profit up 6% to ₹23,200 Crore. Jio Platforms delivered 12% revenue growth and 15% EBITDA growth, while Retail revenue grew 12% to ₹90,000 Crore but EBITDA declined slightly to ₹6,309 Crore due to conscious investment in digital commerce. O2C EBITDA rose 17% to ₹17,000 Crore despite crude supply disruptions and a planned turnaround, while JioStar revenue surged 30% to ₹13,000 Crore and RCPL revenue doubled to ₹8,600 Crore. However, Oil & Gas EBITDA was flat, and Retail EBITDA declined year-on-year.

• · Jio's 5G data traffic is now 1.5x its 4G data traffic.
• · Jio has a 78% FWA market share of net additions in India.
• · Jio is the only Indian technology company in the global top 20 PCT rankings (World IP Organization).
• · O2C EBITDA of ₹17,000 Crore was achieved despite a 10% reduction in production for sale due to a planned turnaround, LPG diversion, and gas diversion to priority sectors.
• · Finance cost increased 19% YoY and depreciation increased 9% YoY, primarily due to capitalization of over ₹1 lakh crore of assets at Jio between March 2025 and March 2026.
• · Moody's upgraded RIL's rating to Baa1; S&P rating remains at A-.
• · Net debt slightly decreased to ₹1,23,000 Crore from March 2026 levels.
• · Jio's EBITDA margin expanded 150 bps YoY to 53.3%.
• · Retail EBITDA decline is a conscious strategy to ramp up digital commerce and hyperlocal delivery infrastructure, expected to last a few quarters.
• · Oil & Gas EBITDA was flat YoY as lower KG D6 production and price realization were offset by higher CBM production and realization, plus higher liquid prices.

19-07-2026

TVS Srichakra Limited, through its step-down wholly owned subsidiary TVS Sensing Solutions Private Limited, has entered into a Share Purchase Agreement to acquire a 51% controlling stake in Weber Drivetrain Private Limited for a cash consideration of ₹1,43,00,000 (₹1.43 Cr). Weber is a Pune-based EV technology company specializing in electric motors and controllers, with FY26 turnover of ₹14.17 Cr. The acquisition aims to build electronics capability and is expected to be completed within 6 months.

• · Weber Drivetrain Private Limited was incorporated on January 5, 2022.
• · Weber is a Pune-based company supporting OEMs with end-to-end vehicle integration solutions.
• · The acquisition is not a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.
• · The acquisition is expected to be completed within 6 months from July 19, 2026.
• · Weber's turnover declined from ₹13.48 Cr in FY24 to ₹11.65 Cr in FY25, before recovering to ₹14.17 Cr in FY26.

19-07-2026

Orient Electric Limited announced that SES ESG Research Private Limited has assigned the company an ESG rating of 74 for FY 2025–26, up from 72.3 in FY 2024–25, reflecting a modest improvement of 1.7 points. The rating is based on publicly available information and was disclosed under Regulation 30 of SEBI LODR Regulations.

• · The rating was assigned by SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider.
• · The disclosure is based on information received via email dated July 18, 2026.
• · The rating is based on information available in the public domain.

19-07-2026

Anupam Rasayan India Limited, along with Mates Visa Consultancy Private Limited as a person acting in concert (PAC), has issued an addendum to its public announcement and detailed public statement for an open offer to acquire up to 2,77,26,848 equity shares (26.00% of expanded voting share capital) of Bliss GVS Pharma Limited at a face value of ₹1 each. The addendum, dated July 17, 2026, adds Mates Visa Consultancy Private Limited as a PAC to the acquirer. The offer is made under SEBI (SAST) Regulations, 2011.

• · The addendum was filed on July 19, 2026, and the original public announcement and detailed public statement were dated July 17, 2026.
• · The open offer is for up to 2,77,26,848 fully paid-up equity shares of face value ₹1 each.
• · The offer represents 26.00% of the expanded voting share capital of Bliss GVS Pharma Limited.
• · Mates Visa Consultancy Private Limited is added as a person acting in concert (PAC) with the acquirer, Anupam Rasayan India Limited.
• · The offer is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

19-07-2026

JK Lakshmi Cement Ltd filed a response to a proxy advisory report from Institutional Investor Advisory Services (IiAS) regarding its 86th AGM resolutions. The company corrected factual errors in IiAS's report, including that Dwarkesh Energy Limited is a promoter group entity (not a promoter) and that the remuneration figures for Dr. Arun Kumar Shukla (₹68.4 million, not ₹123.6 million) and Shri Shrivats Singhania (₹123.6 million, not ₹68.4 million) were swapped. The company strongly defended the proposed re-appointment and remuneration of Chairperson & Managing Director Smt. Vinita Singhania, arguing that the total managerial remuneration (including her pay) is within the 10% of net profit limit under Section 197 of the Companies Act, 2013, and that there is no legal requirement to set an absolute cap on variable pay. The company requested IiAS to change its voting recommendation from AGAINST to FOR on Item No. 5, while IiAS had flagged governance concerns and weak transparency.

• · The AGM notice date is 2nd July 2026, not 6th July 2026 as IiAS stated.
• · Dwarkesh Energy Limited is a promoter group entity, not a promoter; the sole promoter is Bengal & Assam Company Limited.
• · Proxy advisor IiAS recommended AGAINST the re-appointment of Smt. Vinita Singhania citing governance concern and weak transparency.
• · The company argues that the remuneration structure is common industry practice and that no absolute cap on variable pay is mandated by law.
• · The company's response was filed with stock exchanges and also sent to IiAS for inclusion as an addendum to their report.