Market & News

CEAT Limited announced that its Finance and Banking Committee approved the conversion of USD 24.5 million of existing inter-company loans into equity shares of its wholly owned subsidiary, CEAT OHT Lanka (Private) Limited. The conversion, which is subject to approval by the Board of Investment in Sri Lanka, will result in the issuance of 12,788,094 ordinary shares at a price of LKR 642.67 per share and will not alter CEAT OHT Lanka (Private) Limited’s status as a 100% wholly owned subsidiary.

Cemindia Projects Limited, formerly ITD Cementation India Limited, announced that a special resolution to raise capital from eligible investors through the issuance of equity shares or other eligible securities was approved by its shareholders at an extraordinary general meeting held on August 17, 2026. The resolution received 12,94,41,105 valid votes in favor out of a total of 17,17,87,584 votes cast. The company also disclosed the results of the e-voting process, conducted by M/s Parikh & Associates, Practicing Company Secretaries, as the scrutinizer.

CG Power and Industrial Solutions Limited said its wholly-owned subsidiary, Axiro Semiconductor Private Limited, has entered into a definitive agreement to acquire 100% of the shareholding in Tosil Systems Private Limited for a consideration of Rs 16.44 crore. Tosil, incorporated on February 27, 2017, provides semiconductor and embedded engineering services and had a turnover of Rs 11.94 crore for the year ended March 31, 2026. The acquisition is expected to be completed on or before August 31, 2026, and will strengthen CG Power's semiconductor design capabilities.

Hero MotoCorp Limited announced the appointment of Srihari Mulgund as Chief Strategy Officer, effective Monday, August 17, 2026, according to a regulatory filing. Mr. Mulgund, who brings over 24 years of experience in the automotive sector, most recently served as a Partner at EY-Parthenon and previously held roles at Aisin AW, FEV Inc., and Ricardo Strategic Consulting, India, will join the company’s Leadership Team and be designated as Senior Management under the Listing Regulations.

Novartis India Limited announced that its Board of Directors approved the adoption of a new Memorandum of Association to align with the Companies Act, 2013, and a proposal to change the company’s name, both subject to shareholder approval at the upcoming Annual General Meeting. The decisions were made at a board meeting held on Monday, August 17, 2026, and also included an amendment to the Notice of the 78th Annual General Meeting previously approved on August 7, 2026.

NELCO Limited announced an investment of USD 20 million in Compulsorily Convertible Debentures (CCDs) of Lunar Holdco, Inc., doing business as Elveo Mobile, a Delaware, USA-incorporated satellite communications company, on August 17, 2026. The investment, made pursuant to approvals from NELCO’s board of directors and shareholders, is intended to establish a long-term partnership for the provision, distribution, and commercialization of satellite-based Direct-to-Device (D2D), IoT, and related communication services, and will be subject to applicable regulatory approvals for operations in India.

Hawkins Cookers Limited announced August 17, 2026, that its Board of Directors approved the appointment of M/s. Bandyopadhyaya Bhaumik & Co. as Cost Auditor for the financial year 2026-27, according to a filing with the BSE Limited.

Andrew Yule & Co. Ltd. announced that the Ministry of Heavy Industries, Govt. of India, has appointed Shri Singhai Sanjay Jain as a Non-official Independent Director on the Board, effective August 17, 2026, for a period of three years.

Triveni Glass Limited informed the BSE Limited on August 17, 2026, that it has dispatched letters containing a web link for the annual report for 2025-26 to shareholders whose email addresses are not registered with the company or its Registrar and Transfer Agent (RTA).

Microse India Limited will hold a board meeting on August 24, 2026, at 4:00 P.M. at its registered office in Mumbai to approve the draft Directors Report for the financial year 2025-26, fix the book closure date and date/time for the Annual General Meeting for the financial year 2025-26, appoint Ms. Ritika Agrawal from M/s. Ritika Agrawal & Associates as the scrutinizer for the Annual General Meeting, and consider the re-appointment of Mr. Shyam Sunder Agrawal, a director who retires by rotation.