Market & News

Asian Paints Limited informed the BSE Limited and National Stock Exchange of India Limited that Geetanjali Trading and Investments Private Limited, a promoter group entity, partially implemented a trading plan to purchase 400,000 equity shares, with the first tranche of 200,000 shares not executed due to the market price remaining above Rs. 2,650 per share, according to a filing on August 21, 2026; the Audit Committee subsequently determined the non-implementation was bona fide.

Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited have acquired a total of 50,00,000 equity shares in Blue Blends (India) Limited through a preferential allotment at a price of Rs 10 per share, according to a regulatory filing on August 20, 2026. Amit Mahendrabhai Shah’s stake is 10,000 shares, representing 0.19% of the company's share capital, while Neolite Polymer Industries Private Limited holds 49,90,000 shares, constituting 94.68%. The acquisition is exempt under Regulation 10(1)(da) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and follows an approved Resolution Plan and Order of Adjudicating Authorities.

Coromandel International Limited announced that its Stakeholders Relationship Committee approved the allotment of 44,460 equity shares of Re.1/- each to option grantees under the ESOP Scheme 2016, increasing the company’s share capital from Rs 29,50,16,439 divided into 29,50,16,439 equity shares to Rs 29,50,60,899 divided into 29,50,60,899 equity shares.

Gabriel India Limited announced on August 21, 2026, that it executed a Joint Venture Agreement and Share Purchase Agreement to acquire 30% minus one equity share in HL Klemove India Private Limited, as previously disclosed on July 21, 2026; the purchase is expected to be completed on August 24, 2026, or a mutually agreed date, at which point HL Klemove India Private Limited will become an associate company of Gabriel India Limited.

Grasim Industries Limited announced the incorporation of UHG Holdings IFSC Private Limited on August 20, 2026, in Gujarat International Finance Tec-City (GIFT City) with a Corporate Identification Number of U64910GJ2026PTC182701. The company, jointly incorporated by Grasim Industries Limited, UltraTech Cement Limited, and Hindalco Industries Limited, has become a related party of Grasim Industries Limited, with UltraTech Cement Limited holding 41% of the shares, Hindalco Industries Limited holding 50%, and Grasim Industries Limited holding 9%. UHG Holdings was incorporated to strengthen the business and operational network of the company and will operate under the International Financial Services Centres Authority Act, 2019.

AGI Greenpac Ltd. informed the BSE and NSE that Manoj Kumar Goel, Chief Executive Officer - General Administration, will retire from the company by the closing hours of August 21, 2026, and will consequently cease to be a Senior Management Personnel.

Hindalco Industries Limited, UltraTech Cement Limited, and Grasim Industries Limited jointly incorporated UHG Holdings IFSC Private Limited on August 20, 2026, in Gujarat International Finance Tec-City (GIFT City), with Hindalco Industries Limited holding 50,000 shares, UltraTech Cement Limited holding 41,000 shares, and Grasim Industries Limited holding 9,000 shares, representing a 50%, 41%, and 9% ownership respectively. UHG Holdings, which is governed by the International Financial Services Centres Authority Act, 2019, will seek International Financial Services Centres Authority (IFSCA) approval and has been incorporated to strengthen the business and operational network of the companies and to purchase, lease, charter, hire, own, operate aircrafts, ships, and other modes of transportation.

PCBL Chemical Limited announced the appointment of Mr. Rohit Maindwal as Chief & Executive Director – Specialty Blacks, effective August 20, 2026, according to a regulatory filing with the National Stock Exchange of India Ltd and BSE Ltd. Mr. Maindwal, who holds a B.Tech in Chemical Engineering from NIT, Warangal, brings approximately 32 years of industry experience, including a prior role as Sr. Executive Vice President with Reliance Industries Limited.

Infomedia Press Limited announced the appointment of Mr. Puneet Singhvi (DIN: 06890542) as an Additional Director (Non-Executive Non-Independent), effective August 21, 2026, according to a regulatory filing with the National Stock Exchange of India Limited and BSE Limited. Mr. Singhvi, aged 53, is currently Chief Strategy Officer at Network18 and holds a B.Sc (H) Physics from the University of Delhi and an MBA from the University of Delhi.

Kirloskar Industries Limited, a Kirloskar Group company, has set Friday, August 28, 2026, as the cut-off and record date for sending a Postal Ballot Notice via electronic mail and providing e-voting facility to its members, as previously intimated on August 12, 2026. Mrs. Manasi Paradkar, Practicing Company Secretary, Pune, has been appointed as the scrutinizer for the Postal Ballot, with the National Securities Depository Limited (NSDL) engaged to provide the electronic voting facility.