2h ago
Veer Global Infraconstruction FY26 net profit slips to ₹161.45 crore; plans ₹100 crore fundraise
Veer Global Infra posted FY26 net profit of ₹161.45 crore, down 10.7% year on year, as revenue from operations fell 40.7% to ₹690.32 crore. Earnings per share declined to ₹1.00, while finance costs jumped to ₹236.50 crore. The company plans to raise up to ₹100 crore through a combination of a rights issue and a private placement. It has scheduled its 15th Annual General Meeting for September 19, 2026, to seek shareholder approval for the proposal.
2h ago
1d ago
3M India FY26 revenue rises 14.5% to ₹5,089.8 crore, net profit up 9.7%
3M India reported FY26 revenue of ₹5,089.8 crore, up 14.5% year on year, and net profit of ₹522.3 crore, a 9.7% increase. Pretax profit (after exceptional items) rose 15.6%. All four business segments posted double-digit growth, led by Healthcare at 17.5%. The board recommended a dividend of ₹506 per equity share, which the new chairman and managing director addressed at the annual general meeting.
1d ago
1d ago
Advent Hotels promoter Sanjana Goenka releases pledge on 21,70,000 shares in August 2026
Advent Hotels International Ltd promoter-group member Sanjana Goenka released a pledge on 21,70,000 equity shares in two tranches in August 2026 after the connected entity fully repaid an HDFC loan. Following the release, all disclosed promoter entities’ holdings are free of encumbrance, while the promoter group’s stake remains 1,31,06,183 shares, or 24.31% of total share capital. The company also reported consolidated net profit attributable to equity owners rising 83% year on year to ₹617.39 lakh, with revenue from operations largely flat at ₹8,051.62 lakh versus ₹8,044.53 lakh.
1d ago
1d ago
MIC Electronics wins BSE, NSE in-principle approval for 5.68 crore-share allotment in Neo Semi acquisition
MIC Electronics has received in-principle approval from BSE and NSE to issue 5,68,73,418 equity shares to fund its acquisition of Singapore-based Neo Semi Sg Pte Ltd. The shares, with a face value of Re. 2/ each, will be issued to non-promoters at a price of not less than ₹41.38 per share. The company said it plans to complete the allotment within 15 days, subject to receiving Neo Semi shares from the proposed allottees and completing procedural compliances.
1d ago
1d ago
Jain Resource Recycling converts AED 1.7064 million loan into Jain Ikon equity, raising stake to 99.74%
Jain Resource Recycling executed a debt-to-equity conversion on August 25, 2026, turning an outstanding loan of about ₹44.50 crore (AED 1.7064 million) into equity in its subsidiary, Jain Ikon. The transaction lifted its holding from 70% to 99.74%. The loan was originally approved on May 28, 2024, under a USD 10 million facility. After the deal, Jain Ikon has ceased operations and has a negative net worth.
1d ago
2d ago
Op Chains schedules 25th AGM on September 21, 2026; e-voting opens September 18
Op Chains reported a sharp deterioration in FY26 results, with revenue down 76.4% year on year to 1.933 billion rupees and net profit after tax falling 62% to 1.034 billion rupees. Other income rose 11% to 1.531 billion rupees, mainly from interest from related party YTT Industries, accounting for about 44% of total income. The company also set September 21 for its annual general meeting in Agra, with remote e-voting open from September 18 to 20. Share transfer books will remain closed from September 15 to 21.
2d ago
2d ago
Caravan Vyapaar sells entire 5,211,870-share stake in RGF Capital Markets between July 27 and August 18, 2026
Caravan Vyapaar Private Limited sold its entire holding of 5,211,870 shares in RGF Capital Markets through open market transactions between July 27, 2026, and August 18, 2026. Before the sales, the entity held 3.47% of the company’s voting capital, and its stake fell to 0.00% after the final trade. Following the exit, the promoter group’s overall holding declined from 3.08% to 1.44%.
2d ago
8-24
PTC India Financial Services FY202526 net profit rises 47.14% to ₹319.36 crore
PTC India Financial Services reported FY2025-26 net profit of ₹319.36 crore, up 47.14% year on year, helped mainly by a ₹(151.03) crore reversal of impairment on financial instruments. Total income fell 18.77% to ₹518.25 crore, while finance costs declined 30.08% to ₹224.49 crore. Asset quality improved, with Gross Stage III loans dropping from ₹711 crore to ₹190.03 crore and net NPAs falling from ₹117 crore to ₹46.98 crore. Disbursements rose to ₹1,235 crore and the capital adequacy ratio increased to 66.63%, while the board did not recommend a dividend.
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