Author: Legal Parivar

Vodafone Idea Limited (Vi) has received a notice from the Department of Telecommunications (DoT) demanding ₹26.83 crore as liquidated damages for the alleged non-compliance with minimum network rollout obligations linked to the 2022 spectrum auction. The telecom operator disclosed the development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. DoT Issues ₹26.83 Crore Demand Notice According to the exchange filing, the notice was issued by the Department of Telecommunications (DoT) under the provisions of the Notice Inviting Applications (NIA) 2022. The demand relates to an alleged default in complying with the…

ITC Limited has completed the acquisition of the Century Pulp and Paper business from Aditya Birla Real Estate Limited, marking a significant expansion of its paperboards, paper, and packaging business. The company informed stock exchanges that the transaction was completed on August 1, 2026, following earlier announcements made on March 31, 2025, and December 17, 2025. Acquisition Completed on Slump Sale Basis ITC said it has acquired the pulp and paper undertaking, operated under the ‘Century Pulp and Paper’ brand, as a going concern on a slump sale basis in accordance with the Business Transfer Agreement dated March 31, 2025.…

Renowned Nepal-born mountaineer Nirmal Purja “Nims Dai”has died after an avalanche struck his expedition on Broad Peak (8,047 metres) in Pakistan’s Karakoram range. He was 43. His expedition company, Elite Exped, confirmed his death after a two-day search and rescue operation failed to find survivors. Avalanche During Broad Peak Expedition The avalanche hit the expedition on Thursday while the team was attempting Broad Peak, the world’s 12th-highest mountain. Rescue efforts involving experienced climbers, drones, and Pakistani authorities were hampered by difficult weather and the hazardous terrain. The incident claimed multiple lives from several countries. Mountaineering Legend Purja transformed modern high-altitude…

Siyaram Silk Mills Limited has announced August 22, 2026, as the record date for determining eligible shareholders who will receive bonus preference shares under its previously approved Scheme of Arrangement. The company made the announcement after receiving the certified copy of the National Company Law Tribunal (NCLT) order sanctioning the scheme. The company informed the stock exchanges that the scheme became effective from July 30, 2026, following receipt of the NCLT order. August 22 Fixed as Record Date Pursuant to the Companies Act, SEBI Listing Regulations, and the approved scheme, shareholders holding equity shares as of the record date of…

Kochi, August 1, 2026: Muthoot Finance Limited has unveiled its long-planned leadership succession strategy, with the Board recommending the appointment of Alexander George as the company’s new Managing Director, effective October 1, 2026, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM). The transition marks a significant milestone for India’s largest gold loan NBFC as the company prepares for its next phase of growth while ensuring continuity in leadership. George Alexander Muthoot to Become Executive Vice Chairman Current Managing Director George Alexander Muthoot, who has led the company for over three decades, will transition to the role of…

AMJ Land Holdings Limited has announced key changes to its senior management, including the appointment of Megha Goel as the company’s new Chief Financial Officer (CFO) and Sahil Dudani as Company Secretary & Compliance Officer, following approvals by the Board of Directors. The appointments were approved at the Board meeting held on August 1, 2026, in accordance with SEBI’s Listing Regulations. Surendra Kumar Bansal Resigns as CFO The Board took note of the resignation of Surendra Kumar Bansal from the position of Chief Financial Officer, effective August 1, 2026, citing personal reasons. However, Bansal will continue to serve the company…

Urban Company ‘s Insta Help platform regained leadership in India’s fast-growing instant home services market by completing around 1.9 million orders in July 2026, overtaking rival Snabbit after briefly trailing it in June, according to people familiar with the matter. Sources cited in the report said Snabbit completed around 1.85 million orders during July, while Pronto crossed 1.25 million bookings for the month. The figures could not be independently verified, and Urban Company and Snabbit did not respond to queries. Leadership Changes Again in a Rapidly Growing Market The latest numbers highlight the intense competition among India’s leading instant home…

Maruti Suzuki India Limited (MSIL), the country’s largest passenger vehicle manufacturer, reported a strong rise in production for July 2026, with total output increasing 33% year-on-year to 2,48,845 units, compared with 1,87,073 units produced in July 2025. The growth was driven by robust production across passenger vehicles, particularly the utility vehicle segment. Passenger Vehicle Production Crosses 2.44 Lakh Units Total passenger vehicle production stood at 2,44,445 units in July 2026, up from 1,83,285 units in the corresponding month last year. Passenger cars accounted for 1,27,031 units, while utility vehicles contributed 1,02,787 units, highlighting continued focus on SUVs and multi-utility vehicles.…

Jubilant Agri and Consumer Products Limited (JACPL) has announced that it will convene a meeting of its equity shareholders on September 5, 2026, to seek approval for the proposed Scheme of Arrangement for the demerger of the company into Jubilant Agri Solutions Limited (JASL). The meeting has been convened pursuant to the directions of the National Company Law Tribunal (NCLT), Allahabad Bench, following its order dated July 8, 2026. Shareholders’ Meeting Scheduled for September 5 According to the company’s regulatory filing, the meeting of equity shareholders will be held on Saturday, September 5, 2026, at 11:30 AM (IST) at the…

SMS Pharmaceuticals Ltd. reported a steady financial performance for the quarter ended June 30, 2026, driven by broad-based growth across its high-value Active Pharmaceutical Ingredients (APIs) portfolio. The company posted a 6% year-on-year increase in revenue from operations to ₹207 crore, while net profit (PAT) rose 8% to ₹20.2 crore. The pharmaceutical company maintained an EBITDA margin of around 20%, supported by improved product mix and backward integration, despite higher employee costs and elevated freight expenses during the quarter. Q1 FY27 Highlights ARV Portfolio Drives Growth The company’s revenue growth was primarily led by its Anti Retro Viral (ARV) portfolio,…