Daily filing brief

10 Most Important Filings — 28 July 2026

A concise list of today's most consequential exchange filings, selected for relevance and impact.

  1. Nitin Castings Ltd1:38 pm IST

    Nitin Castings to voluntary delist from BSE at Rs 273.36 per share; major approvals and timetable outlined

    Delisting offer overview

    • Voluntary delisting of Nitin Castings Ltd from BSE under SEBI Delisting Regulations.
    • Acquirers: Nirmal B. Kedia, Nitin S. Kedia, Citrus Castings Pvt Ltd; offer price Rs 273.36 per share.
    • Offer size: 14,70,894 shares (28.61% of total equity).
    • Floor price Rs 273.36; discovered price to be determined via reverse book building.
    • Minimum acceptance: promoter/group ≥75%; public tender ≥50%.
    • Escrow Rs 40.208 Cr; 25% deposited initially; total deposits exceed escrow amount.
    • Bid window: Aug 5–11, 2026 via Acquisition Window.

    Governance and regulatory context

    • Promoter group pre-delisting holding 71.39%; Acquirers 19.75%.
    • Post-delisting, promoter group could hold 100% if all public shares tendered.
    • Board approval Feb 20, 2026; postal ballot Mar 29, 2026; BSE in-principle approval Jul 23, 2026.
    Read the original filing
  2. Infosys Ltd2:03 am IST

    Infosys Q1 FY27: AI-led growth persists; guidance cut to 1.5-3% amid macro uncertainty; Ashiss Dash named next CEO

    Financial Performance

    • Q1 revenue grew 2.4% year-on-year, 1% quarter-on-quarter in constant currency.
    • AI services revenue was 8.2% of total revenue in Q1.
    • Large deals totaled $3.6 billion with 61% net new.
    • Operating margin stood at 21.1% in Q1.
    • Free cash flow was $955 million.
    • Earnings per share rose 15% year-on-year.
    • Consolidated cash and equivalents were $3.9 billion; debt-free.
    • DSO declined to 63 days; unbilled days 76.
    • Headcount reduced by 500 after acquisitions; 2,000 added via acquisitions.
    • Onsite mix excluding acquisitions is expected to fall 0.75% to 1%.
    • Utilization excluding trainees rose 1.9% to 84.9%.
    • Tax rate guidance for the year is 29%-30%.
    • EPS for the quarter was INR 19.19; up 15% YoY.

    AI Strategy and Capabilities

    • Hexagon comprises six AI focus areas guiding client solutions.
    • AI revenue is 8.2% of revenue, with double-digit QoQ growth.
    • Over 80,000 employees work on coding tools for clients.
    • 6,000 frontier engineers planned over the next few years.
    • Topaz Fabric enables data-sovereign AI with multi-model foundation support.
    • Clients can run any foundation model, on-cloud or on their own servers.
    • Token-cost optimization helps control AI expenditure.

    Guidance and Outlook

    • Full-year revenue growth guidance revised to 1.5% to 3%.
    • Operating margin guidance remains 20% to 22%.
    • Acquisitions Optimum Healthcare and Stratus contribute about 1.7% to guidance.
    • Onsite mix expected to reduce by 0.75% to 1%.
    • Macro remains volatile; end-year improvement uncertain.

    Q&A Takeaways

    • Dash appointed as internal CEO-designate; transition involves coaching and mentorship.
    • Macro uncertainty and one-off EURS termination influenced Q1; pipeline remains robust.
    • AI revenue momentum strong; 8.2% of revenue; six value pools; Topaz Fabric critical.
    • Six consolidation deals yielded about $700 million net new.
    • Rupee depreciation tailwinds; wage hikes and acquisitions offset by Maximus and currency.

    Acquisitions and Strategic Moves

    • Acquisitions closed: Optimum Healthcare and Stratus; ~1.7% guidance contribution.
    • Not pursuing data-center investments at this stage.
    • Life Sciences and Healthcare acquisitions completed; potential in Telco and Financial Services.
    Read the original filing
  3. Apollo Micro Systems Limited5:46 pm IST

    Apollo Micro Systems empanelled by Indian Air Force as Prime Development Agency for IPREK

    IPREK empanelment and programme

    • AMS empanelled by the Indian Air Force as Prime Development Agency for IPREK under Make-II.
    • IPREK is a bolt-on guidance and range-extension kit to convert GP 500 kg bombs into long-range guided munitions.
    • IPREK enables 80–100 km stand-off range with 3-metre accuracy.
    • Delivery requires a formal Project Sanction Order and procurement contract.
    • Over 500 IPREK units are in initial procurement phase after successful trials.
    • AMS owns 100% of IPREK GNC software, flight computer, and integration architecture.
    • Defence market opportunity: ₹20,000+ crore import-substitution over 10 years; global market near $10 billion by 2032.
    • Program is expected to diversify India's weapon supply and reduce import dependence.
    Read the original filing
  4. Bharat Electronics Ltd7:31 pm IST

    BEL Q1 FY27: 25% revenue growth to INR 5,533 cr; order book at INR 72,258 cr; guidance reaffirmed.

    Financial Performance

    • Revenue from operations: INR 5,533 crores, up 25.27% YoY.
    • PBT: INR 1,403 crores, up 8.81% YoY.
    • PAT: INR 1,048 crores, up 8.17% YoY.
    • EBITDA margin: 25.83% for Q1.
    • EPS: INR 1.43, up from INR 1.33.
    • Order book: INR 72,258 crores as of 1 July 2026.
    • Orders in quarter: INR 3,754 crores.

    Order Inflows and Execution

    • Q1 orders were more structured; no backlog.
    • Total order inflow guidance for the year is INR 55,000 crores including QRSAM.
    • QRSAM awaiting CCS approval; clearance expected when CCS meets.
    • Kusha program: DRDO-led; BEL is largest DCPP partner; order around INR 40,000+ crores.
    • Shatrughat and Samaghat may yield around INR 9,000+ crores.
    • Shakti Phase 4 potential around INR 2,000 crores.
    • HAMMER potential around INR 2,500+ crores.
    • LRSAM remaining unexecuted around INR 3,000+ crores.
    • This year delivery from LRSAM expected around INR 2,100–2,300 crores.
    • AMCA: RFP submission date moved to 27 August 2026; extension about two months.

    Working Capital and Margins

    • Receivables days improved to about 140 days as of 30 June, from 176 days on 31 March.
    • Margin variation is primarily due to product mix, not input-cost pressure.
    • Capex guidance: INR 1,200+ crores for capacity expansion.
    • R&D budget guidance: INR 2,200+ crores for niche technology development.
    • Indigenization target: zero imports of modules, except semiconductors, within five years.
    • Indigenization policy to be released; budgets allocated; MSMEs/startups participating.
    • Pay commission: revision due Jan 2027; three months provision this year; employee-cost-to-turnover ~12% going forward.

    Exports and Indigenization

    • Export revenue target: 10% of total over five years.
    • Export order book around USD 465 million.
    • Leads are 4–5x current; potential exports around USD 300 million this year.
    • Indigenization: 78–80% turnover from indigenous products and technologies.

    Guidance and Outlook

    • Guidance: revenue growth 15%, EBITDA margin 21–23%, order inflow > INR 20,000 crores including QRSAM.
    • R&D investment > INR 2,200 crores; capex > INR 1,200 crores; defence:non-defence mix 90:10.

    Programs and Tech Focus

    • BEL focusing on hard-kill DEW solutions, laser and microwave, under D4 technologies.
    • Counter-drone focus includes high-power laser, microwave DEW, and EW capabilities.
    • Netra program: Adani as SI; BEL subsystems used by DRDO and Adani.
    • AMCA program: BEL-L&T collaboration; RFP response planned by mid-August 2026; updated deadline August 27, 2026.
    • LCA LRUs and EW modules remain key revenue contributors; engines bottleneck affects Tejas schedule.
    Read the original filing
  5. TVS Motor Company Ltd7:56 pm IST

    TVS Motor Q1 FY27: Revenue up 38%, EBITDA up 41%; EV traction and Norton rollout dominate.

    Financial Performance

    • Revenue: INR 13,896 crores in Q1 FY27; up 38% YoY.
    • Volume: 1.63 million units; up from 1.28 million.
    • EBITDA: INR 1,779 crores; margin 12.8%; PBT INR 1,439 crores; PAT INR 1,174 crores.
    • PBT includes fair value gains about INR 150 crores; PAT up 51%.
    • EV revenue around INR 1,780 crores; EV penetration in June 10.6%.
    • iQube crossed 1 million units; 2W ICE domestic growth 21%, international 31%.
    • 2W EV sales grew 86% YoY; long-term rating upgraded to AAA.

    Operational Highlights & Geography

    • International sales: 4.68 lakh units, +33% YoY.
    • HLX series strong in Africa, Middle East, LATAM; cumulative HLX > 5 million.
    • Norton production started: Atlas and Manx; Atlas GT in pipeline.
    • Raider launched in Egypt; King EV MAX launched in Nepal.
    • Domestic EV penetration 10.6% in June; iQube and Orbiter contributing.
    • Paddock premium experience channel announced.
    • TVS Credit expanded network to nearly 62,000 touch points.

    Capacity & Capex

    • 3 million total capacity target; current 6.8 million.
    • 2W capacity to 8.3 million; 3W to 0.42 million.
    • Capex around INR 3,500 crores for capacity and new products.
    • By Q4, capacity expected to reach 8.3 million.

    Guidance & Outlook

    • Q2 growth expected to be good; ICE slightly better than Q1; EV momentum similar or better.
    • Full-year industry growth double-digit; EV penetration about 10.6% currently.
    • Q3 could be impacted by El Nino and GST effects.
    • October–November season; demand momentum to continue.
    • Commodity headwinds front-loaded; pricing actions planned in Q2; EBITDA may improve.

    Q&A Highlights

    • EV capacity expansion to 50k; 3W to 30k; 3–4 month steps.
    • 2W capacity expansion to 8.3 million; capex ~₹3,500 crores.
    • Export contribution ~26% of turnover; Africa and LATAM key.
    • Norton investments around ₹2,000–2,500 crores over 4–5 years.
    • PLI incentives about 0.6–0.7% of turnover; receivable around ₹600 crores.
    Read the original filing
  6. Ambuja Cements Ltd7:58 pm IST

    Ambuja Q1 FY'27: Revenue Rs 9,500 Cr; EBITDA Rs 1,589 Cr; capacity to 119 MTPA by FY'27

    Key financials

    • Q1 FY'27 consolidated revenue Rs 9,500 Cr and operating EBITDA Rs 1,589 Cr.
    • Sales volume 17.1 MnT; premium products 34%; trade share 78%.
    • EBITDA margin 16.7%, up 331 bps QoQ.
    • PAT Rs 660 Cr; EPS Rs 2.32; YoY PAT declined from Rs 1,041 Cr.
    • Consolidated capex/capacity: 109 MTPA; target 119 MTPA by FY'27.

    Operations & capacity expansion

    • Capacity 109 MTPA as of 30-Jun-2026; trials at Dahej, Salai Banwa, Bathinda, Jodhpur.
    • Kalamboli (1.0 MTPA) and Warisaliganj (2.4 MTPA) trials in Q2; Maratha clinker line 4 MTPA in 2027.
    • On track to 119 MTPA by end-FY27; commissioning at multiple sites listed.

    Balance sheet & credit rating

    • Debt-free balance sheet; net worth Rs 71,954 Cr; cash Rs 844 Cr.
    • CRISIL and CARE ratings: AAA/A1+; strong operating cash flows support capex.

    ESG & sustainability

    • Leilac partnership to enable low-carbon cement production; decarbonisation roadmap.
    • GreenPro certification for blended cement; GRIHA certification across portfolio; LCA/EPD added.
    • Renewable energy capacity up 75 MW to 973 MW; green power 34%.

    Outlook & risk

    • Industry demand outlook: cement demand ~5% in FY'27; macro fundamentals remain strong.
    • West Asia tensions lifting input costs; mitigated via fuel mix, renewables, and cost control.
    • Target cost reduction ~Rs 250 PMT to reach Rs 4,250 PMT by FY'27 end.
    Read the original filing
  7. Varun Beverages Ltd5:52 pm IST

    Varun Beverages reports Q2 & H1 CY2026 results; PepsiCo EBA extension, CALPIS alliance, DFIKL Kenya acquisition

    Financial highlights

    • Q2 2026 revenue from operations: Rs 84,512.3 million, up 20.4% YoY.
    • Q2 2026 consolidated sales volume: 466.7 million cases, +19.8% YoY.
    • Gross margin: 55.0% in Q2 2026, up 44 bps.
    • EBITDA: Rs 23,430.4 million, up 17.2% YoY.
    • EBITDA margin: 27.7% in Q2 2026, down 76 bps due to Twizza.
    • PAT Q2 2026: Rs 15,253.6 million, +15.1% YoY.
    • H1 2026 revenue: Rs 150,254.2 million, up 19.4% YoY.
    • H1 EBITDA: Rs 38,719.6 million, up 18.7% YoY.
    • H1 PAT: Rs 24,040.7 million, +16.9% YoY.
    • Low sugar/no sugar mix ~73% of H1 volumes.

    Strategic actions and acquisitions

    • Extended PepsiCo India exclusive bottling and trademark license to 2049; SPV restriction removed.
    • Asahi CALPIS franchise in India; planned Original and Mango variants.
    • Entered DFIKL Kenya acquisition for USD 32 million.
    • DFIKL Kenya net revenue > Rs 3,000 million; GTM infrastructure in place.
    • Twizza acquisition in South Africa; expands manufacturing footprint and distribution.

    Dividend and capital allocation

    • Interim dividend 25% of face value Rs 0.50 per share; cash outflow ~ Rs 1,691 million.

    Outlook and operations

    • Long-term growth potential across markets; favorable demographics and rising incomes.
    • Expanded manufacturing footprint and distribution network; investments in chilling infrastructure.
    Read the original filing
  8. Netweb Technologies India Ltd9:08 pm IST

    Netweb Q1 FY27: Record Revenue and Profit; AI Systems leads growth; order book at 25,069.35 mn

    Financial highlights

    • Revenue from operations for Q1 FY27: 8,196.86 mn, up 172.13% YoY.
    • Total income: 8,281.58 mn; Operating EBITDA: 1,205.15 mn; EBITDA margin: 14.70%.
    • PAT: 853.23 mn, up 179.94% YoY; PAT margin: 10.30%.
    • Net debt: 1,999.00 mn as of 30 June.
    • Order book: 25,069.35 mn as of 30 June.

    AI Systems growth and mix

    • AI Systems income grew 484.20% YoY in Q1 FY27.
    • AI Systems contribution rose to 62.29% of revenue.

    Outlook and drivers

    • Management cites sustained demand momentum across AI, HPC and private cloud.
    • Projections indicate strong revenue visibility for coming quarters.
    • Strategic emphasis on Make in India and domestic manufacturing.
    Read the original filing
  9. 5Paisa Capital Limited4:50 am IST

    5paisa approves 100% Giskard acquisition via cash and 1:31 share swap with postal ballot

    Acquisition of Giskard Datatech

    • Board approved 100% acquisition via cash and share swap.
    • Cash up to ₹121.57 crore for 1,03,082 shares (58.68%).
    • Share swap for 66,148 shares (37.65%) at 1:31 ratio.
    • Giskard to become wholly owned subsidiary upon approvals and definitive documents.
    • Completion targeted within six months, subject to regulatory and corporate approvals.

    Preferential issue for acquisition consideration

    • Approved preferential issue of 20,50,588 equity shares for non-cash consideration.
    • Issuance under share swap terms aligned with SCPA and SPA.
    • Investors for preferential issue: Amber Pabreja and Devi Yeshodharan.
    • Post-swap holdings: Amber 2.42%, Devi 1.77%; total 4.19%.
    • Share swap ratio 1:31; cash balances payable where not swappable.
    • Fractional entitlements payable in cash.

    Postal Ballot and approvals

    • Postal Ballot approved; draft notice dated 28 July 2026.
    • Notice to stock exchanges to be submitted in due course.

    Regulatory and disclosures

    • Valuation of Giskard at ₹11,794 per share by independent valuer.
    • Giskard turnover ₹15.74 crore; FY2022-23 to FY2024-25 shown.
    • Acquisition not a related-party transaction.
    • SEBI approvals may be required for change in control.

    Additional governance and funding notes

    • Promoters may acquire GDPL shares directly to fund cash component.
    Read the original filing
  10. Adani Total Gas Ltd1:03 am IST

    Adani Total Gas Q1 FY27: revenue up 27% to INR 1,908 crore; margins pressured by gas costs; volume growth steady.

    Financial Performance

    • Revenue rose 27% YoY to INR 1,908 crores in Q1 FY27.
    • EBITDA stood at INR 281 crores for the quarter.
    • Gas sales volume 303 MMSCM, up 13% YoY.
    • CNG volume up 18% YoY; PNG up 4%.

    Operations and Growth

    • Domestic connections added 38,000; total domestic households 11.41 lakh.
    • CNG network now 707 stations with 5 new stations.
    • Industrial/commercial customers at 10,422.
    • EV charging points 5,306; capacity 58 MW.

    Gas Sourcing and Margins

    • Margins compressed due to gas availability and slower APM allocation.
    • Brent-linked costs and NWG pricing pressure margins.
    • Management expects margin recovery with supply normalization and contract renewals.
    • Spot purchases ~15% of volumes; mid-term and long-term sourcing to cover shortfall.
    • Domestic APM/NWG ~40%; longer-term contracts ~48% of portfolio.
    • NWG price at 12% of Indian crude basket; Brent above $107/bbl.
    • Imported RLNG costs have risen, lifting overall gas costs.
    • Pooled gas mechanism withdrawn; mid-term purchases to cover shortfall.

    Q&A Highlights

    • Margin compression cause identified as gas availability and APM allocation.
    • Forecast: margins to recover as supply stabilizes and renewals occur.
    • Spot volumes about 15% of total consumption; expect reduction as supply stabilizes.
    • PNG rollout aided by deemed approvals; training programs expanding manpower.
    • Capex budget slightly higher; end-to-end monitoring.
    Read the original filing