August 7, 2026: Corporate announcements remained active with Parag Milk Foods unveiling a ₹105 crore expansion plan for its cheese business, IRM Energy extending the utilisation timeline for unutilised IPO proceeds, and NCC Ltd reporting its Q1 FY27 financial results. Several companies also announced key board-level and management changes.
Top Corporate Updates
- Parag Milk Foods to invest ₹105 crore in cheese capacity expansion
Parag Milk Foods approved a ₹105 crore brownfield expansion to increase its cheese manufacturing capacity by around 60 MT per day, taking the total capacity to 120 MT per day. The company also appointed Rakesh Kothari as Chief Financial Officer and approved its Q1 FY27 standalone and consolidated financial results. - IRM Energy extends IPO proceeds utilisation timeline to FY28
IRM Energy's board approved Q1 FY27 results, reporting a profit of ₹338.09 crore. The company also extended the deadline for utilising ₹1,587.17 million of unutilised IPO proceeds to March 31, 2028, for city gas distribution network development. A ₹1.50 per share dividend was announced, with September 11, 2026, fixed as the record date. - NCC reports Q1 FY27 financial results
NCC Ltd reported total income of ₹5,382.19 crore for the June quarter, with Profit Before Tax (PBT) at ₹683.25 crore and Profit After Tax (PAT) at ₹41.86 crore. The results were approved by the Board following review by the Audit Committee. - Gautam Exim director seeks change in executive role
Gautam Exim Limited received a request from Parmeshwar Ojha to change his designation from Whole-time Director to Non-Executive Director due to personal commitments. The proposal is subject to Board and shareholder approvals. - NDA Securities independent director resigns
NDA Securities informed that Independent Director Isha Rastogi resigned from the Board with effect from August 6, 2026, citing personal and unavoidable circumstances. The company stated there were no other material reasons for her resignation. - Uni Abex Alloy accepts Company Secretary's resignation
Uni Abex Alloy Products approved its Q1 FY27 unaudited financial results and accepted the resignation of Company Secretary and Compliance Officer Bhautesh Shah, effective September 15, 2026.
