Latest news with #ProhibitionofInsiderTradingRegulations
Business Upturn
21-07-2025
- Business
- Business Upturn
Bank of India to announce Q1 FY26 results on July 29
Bank of India has informed the stock exchanges that its board of directors will meet on Tuesday, July 29, 2025, to consider and approve the unaudited (reviewed) standalone and consolidated financial results for the first quarter ended June 30, 2025 (Q1 FY26). In its exchange filing dated July 21, the bank said the board meeting is being held pursuant to Regulation 29(1) and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank also stated that the trading window, which was closed from July 1, 2025, in compliance with SEBI's Prohibition of Insider Trading Regulations and the bank's internal code of conduct, will reopen 48 hours after the announcement of the Q1 results. Bank of India confirmed that this intimation has also been made available on its website ( and on the websites of the BSE and NSE. Disclaimer: The above information is based solely on the exchange filing shared by Bank of India and is intended for informational purposes only. Please consult official sources or your financial advisor before making any investment decisions. Neither the author nor the publisher assumes any responsibility for actions taken based on this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
21-07-2025
- Business
- Mint
Poonawalla Fincorp shares rise after fundraise move. Details here
Shares of Poonawalla Fincorp gained more than 3 percent in intra-day trade on Monday, July 21, following the company's announcement that its Board of Directors will consider two major fundraising proposals during its upcoming board meeting scheduled for July 25, 2025. The move sparked positive investor sentiment, sending the stock to a high of ₹ 466.20 in early trade. In a regulatory filing, the non-banking financial company (NBFC) said the board will evaluate a proposal for raising funds through the preferential issue of equity shares. This equity infusion, if approved, will be carried out in accordance with the Companies Act, SEBI's Listing Obligations and Disclosure Requirements (LODR), and other applicable laws, subject to shareholder approval. In addition to the equity route, the board is also set to consider enhancing the company's limit for raising funds through non-convertible debentures (NCDs) on a private placement basis. The proposed increase would double the current borrowing cap from ₹ 10,000 crore to ₹ 20,000 crore for the financial year 2025–26, again subject to regulatory and other necessary approvals. The company also clarified that its trading window for designated persons and their immediate relatives will remain closed until Sunday, July 27, 2025. This is in compliance with SEBI's Prohibition of Insider Trading Regulations and the company's own internal code of conduct. The upbeat mood around the stock was further supported by Poonawalla Fincorp's earlier disclosure on July 4, where it reported robust growth in its assets under management (AUM). As of June 30, 2025, the company's AUM rose nearly 53 percent year-on-year to ₹ 41,250 crore. On a sequential basis, the company witnessed a healthy 16 percent increase in AUM. The NBFC also reported strong liquidity of ₹ 4,450 crore at the end of the first quarter, reinforcing its financial stability. "In line with our guidance, we have completed the launch of six new businesses and are seeing positive traction," the company said in its quarterly update. The Poonawalla Fincorp stock climbed as much as 3.2 percent during Monday's session, touching an intra-day high of ₹ 466.20. Earlier this month, the stock had reached a 52-week high of ₹ 483.35 and is currently trading just 3.5 percent below that peak. On the flip side, the stock hit its 52-week low of ₹ 267.25 in March 2025. Over the past year, the stock has delivered a moderate return of 10 percent. However, the near-term trend has been more volatile. While the stock has declined about 1 percent so far in July after four consecutive months of gains, it posted impressive monthly returns prior to that—15.4 percent in June, 7.5 percent in May, 7 percent in April, and a sharp 24.5 percent rally in March. The downtrend was seen earlier in the year, with a 9.4 percent drop in February and a marginal 1.3 percent decline in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
