Market & News

Britannia Industries Limited announced the appointment of Mr. Siddharth Parakh as the Head - Strategy & Business Development, effective August 3, 2026, according to a regulatory filing on August 2, 2026. Mr. Parakh previously worked at Tata Sons and Edelweiss (Nuvama), and brings over 13 years of experience in corporate strategy, mergers and acquisitions, investments, and capital allocation.

Greaves Cotton Limited announced that its subsidiary, Greaves Electric Mobility Limited (GEML), has completed a rights issue of Rs 530 crore, which was fully subscribed. Greaves Cotton subscribed to its full entitlement of approximately Rs 331.12 crore in the rights issue, and its shareholding in GEML remains unchanged at 62.48%. GEML, incorporated on June 2, 2008, reported a turnover of Rs 596.98 crore as of March 31, 2026, and the proceeds from the rights issue will be used for capital expenditure, working capital requirements, and general corporate purposes.

B C C Fuba India Limited will hold a board meeting on August 8, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, and to consider a limited review report on those results. Trading window for the company has been closed from July 1, 2026, until 48 hours after the financial results are announced to the Bombay Stock Exchange.

Pakka Limited will hold a meeting of its Board of Directors on Friday, August 14, 2026, to consider and approve the audited consolidated financial results for the fourth quarter and financial year ended March 31, 2026. Trading window for directors, officers, designated employees and other designated persons of the company has been closed from July 1, 2026, and will remain closed until 48 hours after the financial results are made public.

Voith Paper Fabrics India Limited informed BSE Limited that its 56th Annual General Meeting will be held on Wednesday, 19th August, 2026, through Video Conference/Other Audio Visual Means, with remote e-voting services provided by Central Depository Services (India) Limited (CDSL) available from Sunday, 16th August, 2026, at 9:00 a.m. (IST) to Tuesday, 18th August, 2026, at 5:00 p.m. (IST), and the company has fixed Wednesday, 12th August, 2026, as the cut-off and record date for determining member eligibility and dividend entitlement, respectively, with the register of members and share transfer books closed from Thursday, 13th August, 2026, to Wednesday, 19th August, 2026.

Vishnu Chemicals Limited (BSE: 516072, NSE: VISHNU) reported Rs 433.4 crore in operating revenues for the first quarter ended June 30, 2026, a 24.9% year-over-year increase, according to an earnings release on August 1, 2026. The company's profit after tax rose 23.0% year-over-year to Rs 39.6 crore, driven by strong execution and operational resilience, although performance moderated sequentially due to a planned maintenance shutdown at its Vizag facility. Vishnu Chemicals also noted increased ocean freight costs amid geopolitical tensions and plans to add approximately 20 megawatts of solar power capacity across its Vizag and Srikalahasti operations.

Kimia Biosciences Limited announced the appointment of M/s Mahesh Singh & Co. as Cost Auditor for the financial year 2026-27, and M/s Chaudhry & Associates as Internal Auditor for the same period. The company also disclosed the discontinuance of M/s M & Co. as Secretarial Auditor, effective August 1, 2026, and the appointment of M/s Maya Sharma and Associates as Secretarial Auditor for the financial years 2025-26 and 2026-27.

Virat Industries Ltd will hold a board meeting on August 8, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, along with a limited review report from its statutory auditors. The trading window closure period for the company commenced on July 1, 2026, and will end 48 hours after the declaration of the financial results.

SIL Investments Limited informed the BSE Limited and National Stock Exchange of India Ltd. that Abhrajit Dutta has completed his second term as an Independent Director and ceased to hold the position with effect from August 2, 2026.

Persistent Systems reported revenue of $452.4 million, a 16.1% year-over-year increase, for the quarter ended June 30, 2026, alongside a 32.7% year-over-year growth in EBIT, the company announced. The company, listed on the Bombay Stock Exchange (BSE: 533179) and National Stock Exchange (NSE: PERSISTENT), also secured a total contract value of $1.15 billion, including a 6.5-year strategic services agreement worth more than $650 million with a global technology company, and entered into a Business Combination Agreement with Nagarro, a European digital engineering company.