Markets

Shirpur Gold Refinery Ltd Schedules 30th Committee of Creditors Meeting Shirpur Gold Refinery Limited, which is currently undergoing the Corporate Insolvency Resolution Process, has scheduled its thirtyeth (30th) Committee of Creditors (COC) meeting. The critical meeting is set to take place on Thursday, June 25, 2026.The COC meeting is scheduled for 04:00 p.m. and will be conducted via video conferencing. This meeting involves the company's committee of creditors as part of its ongoing insolvency resolution process.

Muthoot Capital Services Limited Receives Bids for Sale of Stressed Loan Portfolio Muthoot Capital Services Limited (MCSL) has secured binding bids from an Asset Reconstruction Company in connection with the transfer of a stressed loan portfolio, consisting of financial assets. The transaction is being executed following the approval of the company's Board of Directors.The bidding process involves transferring a substantial portion of MCSL’s distressed assets. The potential bid amount for the stressed loan portfolio stands up to Rs. 96 Crores, and the total Principal Outstanding against these assets amounts up to Rs. 209.10 Crores.MCSL confirmed that the company will adopt the Swiss Challenge Method for any subsequent bidding rounds...

RBI Unleashes Key Amendments: New ₹1 Lakh Crore Threshold Simplifies NBFC-UL Identification, Targets Govt Stakes The Reserve Bank of India (RBI) has finalized critical Amendment Directions concerning Non-Banking Financial Companies (NBFCs). These directions introduce a simplified and absolute methodology for identifying companies within the Upper Layer (NBFC-UL). The amendments directly address concerns regarding corporate scale and credit risk management across NBFC entities.Redefining NBFC-UL Identification Criteria The RBI has streamlined the process for determining an NBFC's status as NBFC-UL. Previously, methods were complex; the new framework introduces a transparent and absolute criterion based solely on asset size.Under the...

Anand Rathi Allots Secured Non-Convertible Debentures Worth Rs 11.1 Crores Through Private Placement Anand Rathi Share And Stock Brokers Ltd has successfully allotted Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The Company issued a total of 1,110 debentures with a face value of Rs 1,00,000/- each, aggregating to Rs 11,10,00,000.The allotment took place on June 24, 2026, to identified investors. The issue included a maximum offering of 1,285 NCDs, limited to an aggregate size not exceeding Rs 12,85,00,000/-.These debentures are unsecured by listing and possess a tenure of three years, with the date of maturity set for June 22, 2029. The instrument carries a coupon interest...

Medplus Subsidiary Faces License Suspensions in Andhra Pradesh Following Regulatory Actions Medplus Health Services Limited has reported that its subsidiary, Optival Health Solutions Private Limited, has received two suspension orders concerning Drug Licenses for stores operating within the state of Andhra Pradesh. The regulatory actions resulted in a temporary halt to operations at two specific locations.The suspensions were issued by different authorities following alleged contraventions of Rule 65 of the Drugs and Cosmetics Act, 1940 and the related Rules, 1945. Both orders were received on June 23, 2026.One suspension pertains to a store located at Kovvada Main Road in Rajamahendravaram, East Godavari District, Andhra Pradesh...

Electrosteel Castings Resumes MBF Production at Khardah Works After Completing Annual Maintenance Electrosteel Castings Limited has successfully completed the planned maintenance activities on its MBF Production Facility located at the Khardah Works, with operations resuming starting June 24, 2026.The company confirmed that the necessary annual maintenance work was concluded on time, allowing the resumption of activities at the MBF Production Facility as of today.Furthermore, Electrosteel Castings announced that operations at the Main Plant are scheduled to resume the following day, June 25, 2026.ELECTCAST Stock Price Movement Electrosteel Castings Limited shares slipped by 2.07% to settle at ₹79.82 today. The stock traded within...

CRISIL Reaffirms Ratings of Ganesh Infraworld Limited; Assigns Stable Outlook Crisil Ratings has reaffirmed the credit ratings of Ganesh Infraworld Limited, stating that the company’s financial risk profile remains comfortable despite its acquisition of Kandoi Transport Limited (KTL). The rating affirmation was communicated following a letter dated April 14, 2026.The reaffirmation sees Ganesh Infraworld Limited (GIL) maintaining specific ratings on its bank facilities, which total Rs. 196 Crore.Details of the rated bank loan facilities are as follows:MetricRating DetailsTotal Bank Loan Facilities RatedRs. 196 CroreLong Term RatingCrisil BBB+/Stable (Removed from 'Rating Watch with Developing Implications')Short Term...

Callista Industries Ltd Allots Equity Shares in Preferential Issue and Issues Convertible Warrants Callista Industries Ltd reported key outcomes of its Board Meeting held on June 24, 2026, announcing both the allotment of a tranche of equity shares and the issuance of convertible warrants. These actions pertain to previous shareholder approvals and management decisions regarding capital restructuring.The company completed the third tranche of the preferential allotment of equity shares, totaling 11,00,000 equity shares of Rs. 10/- each, which were fully paid up. The details of this allotment are as follows:Sr. NoName of Allottee(s)No. of Equity SharesTotal Consideration Price1.STG Wealth Serve Private Limited5,00,00050,00,000/-...

BASF India Limited Presents Scheme of Arrangement During NCLT Convened Shareholders Meeting BASF India Limited presented a detailed overview during the National Company Law Tribunal (NCLT) convened meeting of its Equity Shareholders on June 24, 2026. The presentation focused on the proposed Scheme of Arrangement between BASF India Limited and BASF Agricultural Solutions India Limited and their respective shareholders.The meeting provided stakeholders with insights into the agricultural solutions business segment, outlining both its operational scale and strategic roadmap for future growth in the Indian market.Business Overview and Financial Performance BASF India Limited showcased a robust performance across its agricultural sector...

Aditya Birla Real Estate Schedules AGM and Announces Dividend Details Aditya Birla Real Estate Limited has announced details regarding its upcoming 129th Annual General Meeting, along with crucial dates for book closure and record date concerning dividend payment for the financial year ended March 31, 2026.The company's management has set the stage for stockholders through the announcement of the AGM and the recommendation of a dividend. The Board of Directors, at a meeting held on May 6, 2026, recommended a dividend of Rs. 2.50 per equity share. This dividend represents 25% of the face value of Rs. 10/- each, and it is subject to approval by shareholders during the AGM.The dividend, post-approval at the meeting, is scheduled to be...

Cholamandalam Investment Stock Movement Attributed to Market Forces Cholamandalam Investment and Finance Company Ltd has commented on the recent increase in trading volume concerning its equity shares, stating that the movement appears to be market driven.The company addressed inquiries regarding unusual activity surrounding its stock, confirming that it is unaware of any specific information or event that could account for the rise in both price and volume of its shares.Cholamandalam Investment stated that the surge in trading reflects broader market dynamics. The company affirmed its commitment to adhering to all applicable disclosure requirements as relates to its operations.CHOLAFIN Stock Price Movement Today, Cholamandalam...

Bombay High Court Dismisses Nagarjuna Fertilizers Appeal in Arbitration Case The Hon'ble High Court of Bombay has dismissed the appeal filed by Nagarjuna Fertilizers and Chemicals Ltd concerning an arbitration Award. The decision was made on June 06, 2026, regarding the case involving Pipeline Infrastructure Ltd.The company’s appeal, which had been brought against the Arbitration Award passed in favor of Pipeline Infrastructure Ltd., resulted in the dismissal order by the Bombay High Court. This outcome was officially noted after the intimation was received on June 18, 2026.Following the court's decision, Nagarjuna Fertilizers and Chemicals Limited plans to appeal the order issued by the Hon'ble High Court of Bombay. The company...

Igarashi Motors India Clarifies Stock Movement, Asserts No Undisclosed Material Information Exists Igarashi Motors India Ltd (IMIL) has provided a clarification regarding significant movement in the price of its security, affirming that the company holds no undisclosed material information that could impact the stock's trading behavior.The company addressed queries related to the price movement by confirming that it has fulfilled all necessary disclosures under relevant regulations. IMIL stated that as of the time of the communication, there is no impending material price sensitive information or announcement from the company that would bear on the price and volume performance of the stock.IGARASHI Stock Price Movement Today...

Crompton Greaves Faces Tax Demand from State Authority Over Transitional Credit Disallowance Crompton Greaves Consumer Electricals Limited has received an order from the Office of the Additional Commissioner of Appeals, State Tax, Chhattisgarh, concerning a tax demand that has been upheld by the appellate authority. The order relates to a period spanning July 2017 to March 2018 and involves the disallowance of transitional credit claimed by the company.The order issued on June 23, 2026, established the tax components as follows: Tax demand of INR 23,36,265, interest of INR 26,66,030, and a penalty of INR 2,33,627. The total initial demand amount stood at INR 52,35,922.The company has indicated its intention to appeal the decision in...

Vedanta Aluminium Metal's Credit Rating Reaffirmed by ICRA Vedanta Aluminium Metal Ltd has seen its credit rating reaffirmed by ICRA, which provided a detailed release on June 24, 2026. The ratings pertain to the company's Non-Convertible Debentures and the credit status for Bank Facilities.The reaffirmation indicates strong financial standing for Vedanta Aluminium Metal Limited. As per the assessment made by the rating agency, the company secured an ICRA AA+ / Stable rating across the specified categories.The detailed rating summary is provided below:Company NameRating StatusVedanta Aluminium Metal LimitedICRA AA+ / Stable (Previously ICRA AA+ / Stable)This positive assessment by ICRA provides assurance regarding the...

Reliance Communications Schedules 73rd Committee of Creditors Meeting Reliance Communications Limited has scheduled its 73rd meeting of the Committee of Creditors (CoC) for Thursday, June 25, 2026. This meeting is part of the company’s ongoing corporate insolvency resolution process.The management and affairs of Reliance Communications are currently overseen by a Resolution Professional following the commencement of the insolvency process. The appointment was made by the National Company Law Tribunal (NCLT), Mumbai Bench, through an order dated June 21, 2019.The company's operational status details include:DetailInformationMeeting TypeCommittee of Creditors (CoC)Meeting Number73rdScheduled DateThursday, June 25, 2026...

Davangere Sugar Company Secures In-Principle Approval for FCCBs and Incorporates UK Subsidiary Davangere Sugar Company Limited announced significant strategic corporate updates, including securing in-principle approval for the issuance of Foreign Currency Convertible Bonds (FCCBs) and successfully incorporating a wholly-owned subsidiary in London, United Kingdom.The company received formal approvals from both BSE Limited and National Stock Exchange of India Limited for the proposed issue of FCCBs. These bonds are intended to raise an aggregate amount not exceeding USD 100 Million or its equivalent. Both exchanges granted the approval on June 10, 2026. The significance of this funding acquisition relates to activities such as...

Chandni Machines Ltd Expands Business Scope Approving New Clauses in Memorandum of Association Chandni Machines Limited announced significant strategic expansions following a Board meeting held on Wednesday, June 24, 2026. The directors approved further alterations to the company's Memorandum of Association (MOA), broadening the scope of its operational business activities.The Board also sanctioned a revised notice for an Extra-Ordinary General Meeting (EGM) of shareholders. This EGM is scheduled for Thursday, July 23, 2026, and will be held via Video conference or Other Audio Video Means (OAVM). The purpose of the meeting is to seek shareholder approval for the Amendment of the Object Clause of the Memorandum of Association...

Accord Transformer Secures Vendor Registration from UGVCL to Boost Power Distribution Market Presence Gurugram, June 24, 2026 - Accord Transformer & Switchgear Limited has received Vendor Registration Approval from Uttar Gujarat Vij Company Limited (UGVCL). This significant development strengthens the company's position in India’s power transmission and distribution ecosystem. The approval pertains to the manufacturing and supply of 500 KVA, 11/0.415 KV Level-1 CRGO Copper Wound Distribution Transformers.UGVCL, a subsidiary of Gujarat Urja Vikas Nigam Limited (GUVNL), is one of the key electricity distribution companies serving Gujarat. The registration enables Accord Transformer & Switchgear Limited to participate in tenders floated...

Power Finance Corporation Ltd Appoints New Directors at Board Meeting Power Finance Corporation Ltd has appointed two new members to its board of directors following a meeting held on June 24, 2026. The appointments include Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director.The company informed stakeholders that these decisions were made in relation to prior orders issued by the Ministry of Power, Government of India.Shri V. Packirisamy has been appointed as Director (Commercial), effective from June 02, 2026. Concurrently, Shri Pankaj Gupta was designated as a Part-time Non-Official Director, with his appointment being effective from June 22, 2026.The appointments are part of the...