Author: Legal Parivar

Apollo Micro Systems Q1 results 2026: Defence stock Apollo Micro Systems is likely to remain in focus during Monday’s trading session after the company reported a strong set of financial results for the quarter ended June 30, 2026. The company reported a 43% year-on-year increase in net profit to ₹25.2 crore for Q1 FY27, while revenue from operations surged 88% to ₹251.3 crore. Apollo Micro Systems shares closed at ₹403 apiece on Friday, down 0.43%, ahead of the company’s quarterly results announcement. Apollo Micro Systems Q1 FY27 Results Apollo Micro Systems delivered what it described as its best-ever first-quarter performance,…

Ardee Industries IPO : The Ardee Industries initial public offering (IPO) has entered the allotment stage after the public issue closed for subscription on August 7, 2026. The IPO received a strong response from investors, with the issue reportedly subscribed around 135 times during the three-day bidding period. With the bidding process over, investors are now waiting for the Ardee Industries IPO allotment status. The allotment is expected to be finalised on Monday, August 10, while the company’s shares are likely to be listed on the stock exchanges on August 14, 2026. Ardee Industries IPO GMP Today The Ardee Industries…

New Delhi, August 9, 2026: The Indian primary market is set for another action-packed week as nine IPOs worth nearly ₹7,700 crore are scheduled to hit Dalal Street from August 10, 2026. Alongside the fresh public issues, eight companies are also lined up for stock market listings, making the coming week one of the busiest periods for India’s IPO market. The IPO rush will be led by five mainboard companies — Dhoot Transmission, Molbio Diagnostics, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering. Together, these five companies are looking to raise around ₹7,443 crore from investors. Four additional SME…

The Supreme Court on Friday declined to grant an interim stay on the Bombay High Court’s June 8 judgment that quashed the Centre’s demands for One-Time Spectrum Charges (OTSC) against Bharti Airtel and Vodafone Idea. The apex court, however, agreed to examine the Department of Telecommunications (DoT) appeal against the Bombay High Court ruling and issued notice on the Centre’s plea. A bench comprising Justice B.V. Nagarathna and Justice R. Mahadevan rejected the government’s request to stay the High Court’s order, which had also directed the release of bank guarantees. The Centre told the court that the bank guarantees involved…

L&T Energy Hydrocarbon Offshore (LTEH Offshore), the offshore business arm of Larsen & Toubro (L&T), has secured a series of major orders from Oil and Natural Gas Corporation (ONGC) for offshore engineering, procurement, construction, installation and commissioning (EPCIC) projects along India’s west coast. The orders have been classified under the “Major” category, indicating a combined order value in the range of ₹5,000 crore to ₹10,000 crore, according to L&T’s project classification. Key ONGC Projects Awarded to L&T The contracts include two major offshore assignments: Pipeline Replacement Project (PRP-X) Under the Pipeline Replacement Project (PRP-X), LTEH Offshore will undertake EPCIC work…

The Securities and Exchange Board of India (SEBI) has proposed a comprehensive overhaul of India’s settlement and risk management framework, aiming to streamline operations for market infrastructure institutions (MIIs), reduce regulatory compliance, and assign greater operational responsibility to clearing corporations. The proposals were released through SEBI’s fifth consultation paper on the regulatory framework for stock exchanges and clearing corporations. Clearing Corporations to Play a Bigger Role One of the most significant proposals is to make clearing corporations solely responsible for monitoring settlement pay-in shortages and collecting related penalties. Currently, these responsibilities are shared between stock exchanges and clearing corporations. SEBI…

Ahead of National Handloom Day on August 7, Prime Minister Narendra Modi called upon citizens to celebrate India’s rich handloom tradition by sharing their favourite handloom products on social media and promoting the country’s diverse weaving heritage. In a post on X (formerly Twitter), the Prime Minister encouraged people to participate by creating videos featuring handloom products, including the increasingly popular “Get Ready With Me” (GRWM) format. PM Modi’s Appeal Sharing a video on X, Prime Minister Modi said: “Tomorrow, 7th August is National Handloom Day. Let’s make India’s handloom diversity popular. Share your videos with your favourite handloom products,…

Dabur India Ltd. has approached the Delhi High Court challenging the Food Safety and Standards Authority of India (FSSAI) order that prohibits the sale of several food products carrying “100%” claims. The company has argued that the regulator issued the order without serving a prior show-cause notice or providing an opportunity to be heard. The matter was mentioned before a Bench led by the Chief Justice for urgent listing and is scheduled to be heard on August 7. Why FSSAI Issued the Order Earlier this week, the FSSAI directed Dabur to stop selling multiple food products carrying claims such as:…

Le Travenues Technology Limited (Ixigo) has approved an investment of €219,200 in its wholly owned Singapore subsidiary, IXIGO PTE. LTD., which will subsequently extend an optionally convertible loan of the same amount to its Spanish associate Squad As Service, S.L. (Sqaas). The company disclosed the development through a voluntary filing with the BSE and NSE, even though the transaction is below the materiality threshold prescribed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investment Through Singapore Subsidiary The Board of Directors of Ixigo approved an investment of €219,200 by subscribing to 219,200 ordinary shares of…

Parag Milk Foods Limited has approved a ₹105 crore brownfield expansion to double its cheese manufacturing capacity, appointed Rakesh Kothari as its new Chief Financial Officer (CFO), and announced its Q1 FY27 financial results, according to a regulatory filing with the BSE and NSE. The decisions were approved by the company’s Board of Directors at its meeting held on August 6, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ₹105 Crore Investment to Double Cheese Capacity The Board approved the expansion of the company’s cheese manufacturing facility by adding 60 metric tonnes (MT) per…