Daily filing brief

10 Important BSE and NSE Announcements — 28 July 2026

Here are 10 notable company announcements from 28 July 2026. The brief brings the key developments together in one place and keeps the essential details easy to scan.

By Daily BrieferPublished

  1. Nitin Castings Ltd

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

    General

    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 primary exchange filing

  2. Infosys Ltd

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

    Earnings Call Transcript

    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 primary exchange filing

  3. Apollo Micro Systems Limited

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

    Press Release / Media Release

    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 primary exchange filing

  4. Bharat Electronics Ltd

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

    Earnings Call Transcript

    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 primary exchange filing

  5. TVS Motor Company Ltd

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

    Earnings Call Transcript

    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 primary exchange filing

  6. Ambuja Cements Ltd

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

    Press Release / Media Release

    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 primary exchange filing

  7. Varun Beverages Ltd

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

    Press Release / Media Release

    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 primary exchange filing

  8. Netweb Technologies India Ltd

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

    Press Release / Media Release

    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 primary exchange filing

  9. 5Paisa Capital Limited

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

    Outcome of Board Meeting

    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 primary exchange filing

  10. Adani Total Gas Ltd

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

    Earnings Call Transcript

    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 primary exchange filing