19m ago
Afcons Infrastructure shareholders approve ₹250 crore NCD issue and ₹2 per-share dividend
Afcons Infrastructure held a shareholders’ meeting that approved a plan to issue Non-Convertible Debentures (NCDs) totaling ₹250 crore, with 99.81% voting in favor. Shareholders also passed all routine and special resolutions, including a ₹2 cash dividend per share, the reappointment of key senior management, and adoption of audited financial statements for FY26. The promoter group, which holds 184.51 million shares, recorded a 99.99% voting participation rate, underscoring strong internal support. The actions were framed as standard corporate governance and debt-financing steps, with no reference to earnings changes, major asset transactions, or regulatory breakthroughs.
19m ago
19m ago
Sayaji Hotels (Indore) FY26 profit drops 24.9% to ₹800.73 lakh as costs rise
Sayaji Hotels (Indore) Limited reported FY26 net profit of ₹800.73 lakh for the year ended March 31, 2026, down 24.9% year on year. Revenue from operations inched up 0.8% to ₹10,655.37 lakh, with room revenue rising 13.9% while food and beverage sales fell 9.6%. Operating expenses increased to ₹9,553.95 lakh, adding pressure during the company’s expansion phase. The company said the cost impact weighed on its listed stock performance.
19m ago
21m ago
Zee Media allocates US$3.96M of 5% 10-year FCCBs to Sun India Opportunities Investing Fund
Zee Media has privately placed US$3.96 million of 5% 10-year foreign currency convertible bonds (FCCBs) with Sun India Opportunities Investing Fund, comprising 3,960 bonds with a face value of US$1,000 each. The unsecured, unlisted instruments carry a conversion price denominated in Indian rupees, though the exact figure was not disclosed. The investor is to pay 25% upfront and the remaining 75% upon conversion, with Sun India having exercised 60% while two other investors have yet to exercise. The fund-raising is described as routine use of debt instruments and does not involve any change in control or a major asset transaction.
21m ago
54m ago
Silver Touch Technologies sets Aug. 18–24, 2026 book-closure window ahead of 32nd AGM
Silver Touch Technologies said its 32nd Annual General Meeting will consider the board’s proposed 5% dividend. The announcement follows a strong Q1FY27, with consolidated net profit rising 135.98% year on year to ₹10.09 crore and revenue up 23.17% to ₹71.45 crore, while EPS increased to ₹0.80 from ₹0.34 a year earlier. The company’s domestic revenue grew 28.10%, while overseas revenue fell 16.17%. The dividend proposal and quarterly performance are closely watched by investors for their implications for valuation and shareholder returns.
54m ago
58m ago
Epigral schedules one-on-one meeting with VVD Asset Managers for August 3, 2026
Epigral Limited reported Q1 FY27 results for the quarter ended June 30, 2026, with standalone net profit at ₹99.18 crore, down 38% year on year. Revenue rose 16% to ₹705.36 crore, while EBITDA was ₹1.8B and the EBITDA margin narrowed to 25.39% from 27%. Profit before tax increased 25%. The company attributed the net profit decline mainly to higher material costs and the absence of a one-time tax benefit recorded in the prior year.
58m ago
1h ago
Martin Marietta shares slide as $13.5 billion Lhoist North America deal raises dilution concerns
Martin Marietta Materials (MLM) reported first-half 2026 revenue of $1.95 billion, up 21% year over year and ahead of expectations, and posted adjusted EPS of $5.00, also topping estimates. Net earnings from continuing operations fell 12% to $256 million. The company also said it plans to acquire Lhoist North America for $13.5 billion, prompting investor concerns about potential equity dilution and pushing the stock lower.
1h ago