Markets

South Indian Bank Ltd Allots Over 4.47 Lakh Equity Shares Under ESOS Scheme On June 24, 2026, the Nomination and Remuneration Committee of South Indian Bank Ltd confirmed the allotment of 4,47,177 equity shares on the bank's capital structure. These shares were allotted to eligible grantees upon exercising stock options under the SIB ESOS Scheme - 2008 and receipt of appropriate consideration.The allotment was made following the exercise of stock options under the pre-existing scheme. The allocation details cover several tranches granted in previous years, each corresponding to a specific grant date and exercise price.Details of the grants included in the allotment are as follows:Grant DetailsNumber of SharesFace ValueExercise...

Director Tenure Completion at Karur Vysya Bank Limited A director at Karur Vysya Bank Limited has demitted office following the completion of his eight-year tenure, the bank announced on June 24, 2026.Shri R Ramkumar, a Non-Executive Non-Independent Director of the financial institution, ended his tenure consequent to meeting the duration specified under Section 10A(2A)(i) of the Banking Regulation Act, 1949. His departure was recorded at the close of office hours on June 24, 2026.The details regarding this change in directorship are summarized below:DescriptionDetailsReason for changeCompletion of tenure of 8 years in terms of Section 10A(2A)(i) of the Banking Regulation Act, 1949.Date of CessationAt the close of office...

Chief Minister Inaugurates Jonnagiri Gold Project; Deccan Gold Sets Operations Targets in Andhra Pradesh Deccan Gold Mines Limited has celebrated a significant milestone with the inauguration of its Jonnagiri Gold Project in Andhra Pradesh. The project was inaugurated by Chief Minister N Chandrababu Naidu, marking a key step in developing domestic gold resources for India.Dr Hanuma Prasad Modali, Managing Director of Deccan Gold, attended the event, representing the company and Geomysore Services (India) Pvt Ltd (GMSI), an associate company. The Chief Minister toured the project’s operations, which included the on-site gold refinery. Subsequently, he laid the foundation stone for the expansion of the processing plant.During the...

Jattashankar Industries Allots 14,25,000 Convertible Warrants to Non-Promoters Jattashankar Industries Ltd has completed the allotment of 14,25,000 Convertible Warrants following a Board meeting held on June 24, 2026. The warrants were issued to entities belonging to the Non-Promoter Category.Each allotted Warrant entitles the holders to convert it into one fully paid-up Equity Share of the company, which has a face value of Rs. 10/-. The conversion option must be exercised within 18 months from the date of allotment, subject to specific terms outlined in the explanatory statement dated May 12, 2026.The warrants were issued at an issue price of Rs. 92/- per Warrant, which includes a premium of Rs. 82/- per Warrant. The issuance was...

Longspur International Ventures Ltd Approves Phased Allotment of 33 Lakh Equity Shares in Preferential Issue Longspur International Ventures Ltd has approved a phased allotment of equity shares through a preferential issue, significantly increasing the company’s paid-up capital. The Board of Directors, during a meeting held on June 24, 2026, sanctioned the allotment of 33,00,000 equity shares to private allottees.The Preferential Issue involved issuing 33 lakh equity shares with a face value of X 10/- each. The shares were fully paid up at an issue price of X 10 per share, leading to total proceeds amounting to up to Rs. 3,30,00,000 (Rupees Three Crores Thirty Lakh Only).The company has received in-principle approval from the BSE...

RBI Approves ICICI Bank's Purchase of Up to 2% Additional Shares in ICICI Life ICICI Bank Limited has received approval from the Reserve Bank of India (RBI) regarding its plans to increase shareholding in its subsidiary, ICICI Prudential Life Insurance Company Limited (ICICI Life).The RBI, through a letter dated June 24, 2026, accorded necessary approval to the bank for the purchase of up to 2% additional shareholding in ICICI Life.This acquisition is part of the Bank's strategy to manage its stake in the insurance firm and will enable it to maintain its holding in ICICI Life above 50%, subject to certain conditions set by the regulator.ICICIBANK Stock Price Movement ICICI Bank Limited shares settled higher today after rallying by...

Manufacturing Rebound Drives Private Firm Sales Growth Back to Double Digits, RBI Reports The market for listed private non-financial companies has witnessed a significant turnaround, returning to double-digit sales growth in the financial year 2025-26. This resurgence was primarily fueled by robust performance across the manufacturing sector, according to data released by the Reserve Bank of India (RBI).After navigating two consecutive years where growth remained restricted to single digits, listed private firms saw aggregate sales expansion reaching 10.1 per cent in 2025-26. This vital metric indicates a marked improvement in business health and operational momentum across key industrial segments.Manufacturing Leads Strong...

Hindustan Tin Works Ltd Receives Assessment Order for Goods Entry Tax in Sonipat Hindustan Tin Works Limited has received an order from the Excise and Taxation Officer-cum-Assessing Authority in Sonipat concerning the assessment of tax on entry of goods into local areas. The action pertains to the 2016-17 assessment year.The details related to the order issued by the authority are as follows:AspectDetailIssuing AuthorityExcise & Taxation Officer-cum-Assessing Authority, (W-05) SonipatNature of ActionOrder passed under Section 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act 2008Date of ReceiptJune 23, 2026The order communicated by the authority specifies the financial implications related to this...

Jana Small Finance Bank Allots 88 Lakh Warrants in Preferential Private Placement Jana Small Finance Bank Ltd has finalized the allotment of subscription warrants through a preferential private placement, involving several major investors. The Board of directors of the bank approved the allocation of 88,43,000 Subscription Warrants to various entities, each carrying the right to subscribe to one fully paid-up equity share of the company.The warrants were allocated to five investors, including Capri Global Ventures Private Limited, 2i Capital PCC, ICM Finance Private Limited, Singularity Large Value Fund III, and Utpal Hemendra Sheth. The details of the allocation are as follows:Investor NameNumber of Subscription Warrants Allotted...

Major Leadership Shakeup at IDream Film Infrastructure Company as Board Restructuring Takes Effect IDream Film Infrastructure Company Limited has announced significant changes in its leadership and directorial composition following a corporate takeover and subsequent management restructuring. The company confirmed multiple appointments of new directors and key managerial personnel, alongside the cessation of several senior positions, effective June 24, 2026.The adjustments were made as part of the restructuring that followed the Share Purchase Agreement executed between Northvale Capital Partners Private Limited, IDream Film Infrastructure Company Limited, and Aha Holdings Private Limited on December 22, 2025.Key Director Changes...

Ravindra Energy Ltd Closes Rights Issue, Offering Shares at Rs 101 per Share Ravindra Energy Limited has concluded its rights issue after the offer period closed on Wednesday, June 24, 2026. The company had previously approved and announced the issuance of equity shares under the rights issue basis.The rights issue involved the allotment of fully paid-up equity shares of Ravindra Energy Limited at an issue price of Rs 101 per share. The face value of these shares was set at Rs 10 each, with the company planning to raise a maximum amount not exceeding Rs 2,050 million through this issuance.The rights issue period commenced on Tuesday, June 16, 2026, and concluded on Wednesday, June 24, 2026, as per the established issue programme...

NCLT Issues Orders for Refex Companies in Composite Amalgamation Scheme The National Company Law Tribunal (NCLT), Chennai Bench, issued a significant order on June 18, 2026, pertaining to the composite scheme of amalgamation and arrangement involving Refex Green Mobility Limited (RGML), Refex Industries Limited (RIL), and Refex Mobility Limited (RML).The order outlined specific directives regarding stakeholder meetings for the amalgamated entities. The NCLT set crucial dates for various creditors and shareholders associated with RGML and RIL to consider and potentially approve the proposed scheme.Key requirements directed by the Hon'ble NCLT included:RGML Stakeholders: Meetings were ordered for both Secured Creditors (scheduled...

Raymond Limited Announces 101st Annual General Meeting and Releases FY2025-26 Annual Report Raymond Limited has announced the details of its 101st Annual General Meeting (AGM) for its members. The AGM is scheduled to be held via Video Conferencing or Other Audio Visual Means at the company's registered office.The meeting, which concerns the operational and financial status of the company, is set for July 14, 2026, at 2:00 p.m. (IST). The details of the AGM are available through designated platforms online.Annual Report Accessibility The Annual Report for the Financial Year 2025-26 is accessible to shareholders via multiple channels. Details can be found on the company website or the websites of various repositories and stock...

Shah Metacorp Ltd Shortens Rights Issue Extension, Sets New Closing Date for Equity Shares Shah Metacorp Ltd has revised the extension period for its ongoing Rights Issue, with the company's committee deciding to shorten the previously considered long-term extension in the interest of shareholders. The decision follows a review of the rights issue parameters by the Committee, aimed at ensuring expedited allotment and early listing procedures.The company's Rights Issue, which commenced on Thursday, June 11, 2026, was originally scheduled to close on Wednesday, June 24, 2026. The period for the Rights Entitlement (RE) had already closed on Friday, June 19, 2026.The Rights Issue Committee has approved a revised extension period...

Avantel Limited Approves Re-appointment of Statutory Auditors and Appoints Two Independent Directors Avantel Limited members approved the re-appointment of M/s. Grandhy & Co. as Statutory Auditors and sanctioned the appointment of two new independent directors, Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi, at its 36th Annual General Meeting held on June 24, 2026.The Annual General Meeting included several key corporate appointments concerning governance and financial oversight for the company.Re-appointment of Statutory Auditors M/s. Grandhy & Co., Chartered Accountants, was re-appointed as the Statutory Auditor of Avantel Limited for a second consecutive term. This appointment is effective from the conclusion...

Promoter Group Member Sells Shares in Riddhi Siddhi Gluco Biols Ltd, Achieving Minimum Public Shareholding Vital Connections LLP, a member of the Promoter Group of Riddhi Siddhi Gluco Biols Limited, has completed the sale of a portion of its equity shares. The transaction helped the company achieve the requisite Minimum Public Shareholding (MPS) levels through an Offer for Sale conducted via stock exchange mechanism.The sale involved 8,23,422 equity shares of Riddhi Siddhi Gluco Biols Limited. These shares had a face value of Rs. 10/- each and represented 11.55% of the total issued and paid-up equity share capital of the company. The Offer for Sale was conducted over two days, opening on June 22, 2026, and concluding on June 23, 2026...

RDB Real Estate Constructions Ltd Announces CFO Resignation RDB Real Estate Constructions Limited has confirmed the resignation of Mr. Harsh Jhunjhunwala from his role as Chief Financial Officer (CFO). The company accepted the resignation, effective immediately, following communications received on June 24, 2026.Mr. Jhunjhunwala tendered his resignation due to personal and professional commitments.The Board of Directors noted the resignation and expressed appreciation for the services Mr. Jhunjhunwala provided during his tenure with the company.DetailInformationNameMr. Harsh JhunjhunwalaPositionChief Financial Officer (CFO)Reason for CessationPersonal and professional commitmentsDate of CessationWith immediate effect...

Automotive Axles Sets Record Date and Book Closure for AGM, Final Dividend Declaration Automotive Axles Ltd has announced the key dates related to its upcoming 45th Annual General Meeting (AGM) and the payment of a Final Dividend. The company specified the record date and the period during which the register of members will be closed.The Record Date for determining the eligibility of members to vote via remote e-voting at the AGM is Wednesday, August 5, 2026. To facilitate this process, the Register of Members and Share Transfer Books will remain closed from Thursday, August 6, 2026, through Wednesday, August 12, 2026.The dates and purposes for the security are detailed below:Security TypeBook Closure PeriodRecord DatePurpose...

Mega Corporation Ltd Appoints Mr. Ashraye Lalani as Additional Director Mega Corporation Ltd has announced the appointment of Mr. Ashraye Lalani as an Additional Director (Non-Executive and Non-Independent) of the company, effective from June 24, 2026. The Board of Directors approved the appointment at a meeting held on June 24, 2026, noting that he is liable to retire by rotation.Mr. Ashraye Lalani's profile includes significant involvement in Mega group Expansion. He has been instrumental in securing key clients and new business opportunities, contributing substantially to the Company's growth trajectory. In his capacity, he heads Growth and Technology vertically, having conceptualized and successfully delivered several digital and...

NCLAT Grants Stay on Insolvency Proceedings Against Vikram Solar Ltd, Citing Strong Financial Standing The National Company Law Appellate Tribunal (NCLAT) has granted a stay on the corporate insolvency resolution process initiated against Vikram Solar Limited by Isitva Steels Private Limited. This development comes after an appeal filed before the Hon'ble NCLAT concerning a petition submitted under Section 9 of the Insolvency and Bankruptcy Code, 2016, to the National Company Law Tribunal, Kolkata Bench.The grant of a stay means that no further steps can be taken by the interim resolution professional regarding the insolvency process at this time. Vikram Solar Limited reiterated that it remains financially sound and fully operational...