Shanthi Gears Limited — Others, 05-07-2025: Copy of Newspaper Publication

Shanthi Gears Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has published the notice of its 52nd Annual General Meeting to be held via video conference. This reflects routine compliance and governance updates relevant to shareholders for timely information on company performance and participation in corporate decisions.

Tata Steel has received a demand notice of ₹1,902 crore related to alleged shortfall in mineral dispatch from its Sukinda Chromite Block in Odisha. The company plans to contest the claim, viewing it as unjustified, and will pursue legal remedies. This development could impact operational and financial planning pending resolution.

The Supreme Court declined to entertain a plea by HDFC Bank’s CEO challenging an FIR alleging cheating and fraud involving ₹2.05 crore linked to the governance of the Lilavati Kirtilal Mehta Medical Trust. The matter is pending before the Bombay High Court. This issue may affect stakeholder perception of the bank’s leadership amid legal proceedings.

H&H Aluminium Pvt Ltd has commissioned India’s largest aluminium solar frame plant in Rajkot with ₹150 crore investment, featuring imported Chinese machinery. The plant aims to reduce India’s heavy reliance on imports (90-95%) of solar panel frames, addressing quality and pricing challenges in the domestic market. This positions the company well in the renewable energy supply chain.

Public sector banks have started waiving penalties on minimum balance non-maintenance in savings accounts to retain customers amid falling interest rates and competition from alternate investments. While this may enhance depositor stickiness, banking experts warn it could increase dormant accounts and impact low-cost deposit mobilization, influencing banks’ margin management strategies.

India’s alcoholic beverages industry is set for a 6% volume growth driven by steady demand and premiumisation, with total industry revenues expected at ₹5.3 lakh crore. Spirits continue to dominate, while beer volume growth may outpace spirits. Enhanced profitability is supported by volume increase and better realizations despite input cost pressures.

HDFC Bank saw its advance growth slow to 7% while deposits rose 16% in Q1FY26, reflecting private banks’ cautious lending to protect margins amid rate cuts. Public sector banks reported higher credit growth, helped by comfortable liquidity. Analysts suggest this cautious credit environment may lead to a downward revision in full-year credit growth forecasts.

Gujarat-based H&H Aluminium’s new Rajkot facility with 24,000 tonnes annual capacity targets ₹700-750 crore annual sales at full operation, focusing on indigenous production quality comparable to imports. This strategic move aligns with anti-dumping measures on Chinese imports, supporting local manufacturing growth in solar module components.