🇮🇳 India Daybook: Adani Power Board Weighs Fundraising, IndiGo Inks Mega Engine Deal — July 22, 2026

📍 QUARTERLY RESULTS

• Adani Power: The Board of Directors is scheduled to meet today, July 22, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
• UltraTech Cement: The cement major is expected to report its Q1 FY27 results today, with investors watching for volume growth and margin sustainability.
• SML Isuzu: The company will announce its Q1 FY27 financial results today.
• Bandhan Bank: Reported a 34.8% YoY increase in net profit to ₹501.6 crore for Q1, up from ₹372 crore in the previous year.
• Sobha: Q1 net profit nearly quadrupled to ₹50.8 crore as revenue surged 50% YoY to ₹1,278 crore.
• Cyient DLM: Q1 profit after tax more than doubled to ₹16.3 crore, registering a 118.2% YoY growth.
• Sunteck Realty: Reported a 26.4% YoY increase in net profit to ₹42.3 crore, with EBITDA margins expanding to 35% from 25.6%.
• Gabriel India: Q1 net profit rose slightly by 2% to ₹107 crore, while revenue grew 15.5% to ₹1,426 crore.

📍 ORDER WIN / STRATEGIC DEAL

• IndiGo: Signed a landmark agreement with CFM International to purchase more than 1,000 LEAP-1A aircraft engines, marking the largest-ever single order for LEAP engines. The deal also includes supporting a new engine MRO facility in India.
• Kundan Edifice: Secured a ₹3.30 crore order from Havells India.

📍 FUNDRAISING

• Adani Power: The board will deliberate on proposals to raise capital through various methods, including Qualified Institutions Placement (QIP), private placement, or preferential issues.
• Sobha: The board has approved a proposal to raise up to ₹1,000 crore through the issuance of Non-Convertible Debentures (NCDs).
• Sunteck Realty: Approved a borrowing limit of ₹2,250 crore to support future growth.
• Ashoka Buildcon: Raised ₹100 crore through 90-day commercial papers at a 7.20% coupon rate.

📍 ACQUISITION

• Gabriel India: Approved the acquisition of a 28.99% stake in HL Mando Anand from its holding company for ₹2,231 crore.
• IndiaMART InterMESH: Board approved the incorporation of a wholly-owned subsidiary, IndiaMART Finance, to provide working capital financing to businesses.

📍 REGULATORY & OTHERS

• Aurobindo Pharma: Its subsidiary, CuraTeQ Biologics, received GMP approval from ANVISA (Brazil) for its biosimilars facility in Hyderabad.
• Kotak Mahindra Bank: CEO Ashok Vaswani has announced his decision to step down later this year upon the completion of his tenure.
• Paytm (One 97 Communications): The company has withdrawn its proposal to issue bonus shares following its latest regulatory filing.
• Vedanta Oil & Gas: Received demand notices from the DGH seeking approximately $35 million plus interest in liquidated damages related to four OALP blocks.

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