Markets

Dr. Ashutosh Karnatak Resigns from SEPC Limited Board Directorship SEPC Limited has announced the resignation of Dr. Ashutosh Karnatak, an Additional Director who held the position of Non-Executive, Independent Director at the company. The decision to step down was made due to personal reasons and other professional commitments.The resignation is effective immediately as of June 24, 2026.Dr. Karnatak served in his capacity as a key director within SEPC Limited's management structure. His departure follows the submission of his notice citing both personal and professional factors.Key details regarding the change in directorship are summarized below:ParticularDetailDirector NameDr. Ashutosh Karnatak (DIN: 03267102)...

Texmaco Rail Secures Rs 6.28 Crore Contract from Western Railway for Infrastructure Work Texmaco Rail & Engineering Limited has received a Letter of Acceptance (LOA) valued at Rs 6.28 crores from Western Railway. The contract involves the provision of Nylon Net, Anti monkey Climbing Device, and anti-bird disc over within the next twelve months.The agreement highlights Texmaco's role in providing specialized infrastructure support to the railway entity. Western Railway has issued the acceptance letter for work related to enhancing safety and structure integrity through these components.The key details of the domestic contract are summarized below:ParticularDetailsClientWestern RailwayContract ScopeProvision of Nylon Net...

CreditAccess Grameen Ltd. Allots INR 325 Crore in Debentures via Private Placement CreditAccess Grameen Limited has finalized the allotment of senior, secured, non-convertible debentures amounting to INR 325,00,00,000 through a private placement. The transaction details were approved by the company’s Executive, Borrowings & Investment Committee on June 24, 2026.The issued securities are senior, secured, rated, listed, redeemable, transferable, and taxable non-convertible debentures denominated in Indian Rupees (INR). These debentures have a face value of INR 1,00,000 each.A summary of the debenture issuance is provided below:ParticularDetailsType of SecuritiesSenior, secured, rated, listed, redeemable, transferable, taxable...

Dollex Agrotech Extends SCOD Until September 2026 Pending Statutory Clearances Dollex Agrotech Limited has announced an extension of its Scheduled Commercial Operation Date (SCOD), setting the new target date for commercial operations commencement as September 30, 2026. The company confirmed that while all necessary installation of plant and machinery has been successfully completed, the start of commercial activities remains dependent on receiving key statutory approvals.The SCOD refers to the anticipated date when a project is expected to commence commercial production. Dollex Agrotech stated that the pending operational status is attributed to two specific regulatory clearances: PESO approval for ethanol storage and Consent to...

HCLTech and Nokia Expand Partnership to Accelerate Autonomous Networks with AI-Driven rApps Innovation HCLTech, a global technology leader, has expanded its partnership with Nokia to drive the adoption of autonomous networks through advanced AI-driven network automation. The collaboration involves co-innovating and providing four new network automation RAN applications (rApps) hosted on Nokia's SMO Marketplace.The alliance is designed to enable communication service providers (CSPs) a transition toward self-optimizing, AI-native network operations. By placing these advanced rApps exclusively on the SMO Marketplace, HCLTech ensures that global operators can easily access and deploy solutions within an open, standards-based ecosystem...

State GST Rejects Sanofi India Refund Claim for INR 11,62,853 Sanofi India Limited has received an order from the Deputy Commissioner, State GST, Ahmedabad, Gujarat, rejecting its refund application amounting to INR 11,62,853. The decision relates to a claim covering the period from 2014-15 to 2017-18 (up to July 2017).The Deputy Commissioner, State GST, Ahmedabad, Gujarat, rejected the refund application filed by Sanofi India Limited. This rejection is based on the grounds that the refund claim arises from a debit of the Electronic Credit Ledger (ECL) towards mandatory pre-deposit as mandated under the Central Excise Act, 1944.The authority determined that since this mandatory pre-deposit was debited under the Central Excise Act...

HCLTech Partners with Neste to Drive AI-Led Efficiency Transformation ESPOO, Finland and NOIDA, India, June 24, 2026 – Global technology company HCLTech has been selected as a strategic partner by Neste, the world's leading producer of sustainable aviation fuel and renewable diesel. The partnership is set to drive efficiency across Neste's operations as part of the Finnish company's comprehensive performance improvement program.HCLTech will be instrumental in boosting operational efficiency and building an agile, scalable technology capability at Neste. The collaboration involves driving IT service consolidation, enabling HCLTech to utilize its deep technical expertise and vast scale in areas directly related to Neste's core business...

SKM Egg Products Export Announces Changes in Directorship and Leadership Structure SKM Egg Products Export (India) Limited has approved significant changes to its Board of Directors, effective from June 25, 2026. The company announced that Mr. SKM Maeilanandhan will cease his directorship while being appointed as Chairman Emeritus, and Mr. SKM Shree Shivkumar has been appointed as the new Chairman of the Board.The Board meeting approved the cessation of Mr. SKM Maeilanandhan (DIN: 00002380), Executive Chairman of the Company. He will step down from the Board of Directors with effect from June 25, 2026, upon completion of his current term. In recognition of his significant contributions to the growth and development of SKM Egg Products...

Vartika Shukla Appointed as Additional Independent Director at Kalyani Steels Limited Kalyani Steels Limited has appointed Ms. Vartika Shukla as an Additional Independent Director, effective June 24, 2026. The appointment follows a recommendation from the Nomination and Remuneration Committee of the company and was approved by the Board of Directors on June 24, 2026.Ms. Shukla will serve in this capacity for a term of five consecutive years, running until June 23, 2031, subject to approval by the members through a Postal Ballot.Professional Background and Experience Ms. Shukla brings extensive experience from her tenure at Engineers India Limited (EIL), where she served as Former Chairman & Managing Director. During her near thirty...

HCLFoundation Partners with Nagpur Municipal Corporation to Boost Grassroots Sports Ecosystem HCLFoundation, driven by the corporate social responsibility goals of HCLTech, has formalized a partnership with the Nagpur Municipal Corporation (NMC) to significantly strengthen and expand grassroots sports opportunities across the city. This collaboration was established on World Olympic Day, June 23, 2026.The Memorandum of Understanding (MoU) will focus on dedicated training programs in fencing, rugby, and archery at designated NMC sports facilities. The initiative is designed to provide continuous access to daily training for participants while maintaining a strong focus on inclusive development. Specifically, the program structure...

Aster DM Healthcare Receives NCLT Order Approving Scheme of Amalgamation Aster DM Healthcare Limited has received the certified true copy of the order passed by the National Company Law Tribunal (NCLT), Hyderabad Bench, approving the Scheme of Amalgamation between Quality Care India Limited and Aster DM Healthcare Limited.The approval relates to a Scheme of Amalgamation between Quality Care India Limited (QCIL/Transferor Company) and Aster DM Healthcare Limited (Aster DM/Transferee Company). This transaction was sanctioned by the NCLT, Hyderabad Bench.The certified true copy of the order approving the scheme was received on June 23, 2026.According to the details of the Scheme, QCIL will be dissolved without winding up upon its...

Berger Paints Announces AGM Details and Recommends Dividend for FY2026 Berger Paints (I) Limited has announced key operational dates related to its upcoming 102nd Annual General Meeting (AGM), along with a dividend recommendation for the financial year ended March 31, 2026.The company stated that the 102nd AGM is scheduled to be held on Wednesday, August 12, 2026, at 11 A.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OA VM).Regarding shareholder benefits, the Board of Directors recommended a dividend of Rs. 4 per equity share for those holding shares in physical form and whose names appear in the Register of Members as on August 12, 2026. For shareholders holding shares electronically...

Hilton Metal Forging Limited Announces Audited Financial Results for FY 2026 Hilton Metal Forging Limited has announced its audited financial results and statements for the quarter and full year ended March 31, 2026. The company confirmed that its Board of Directors reviewed and approved these results at a meeting held on May 29, 2026.The results include the Audited Standalone Financial Results for the quarter and Audited Financial Statements for the entire financial year. These documents were accompanied by the Board's Report, Management Discussion Analysis (MDA), and Corporate Governance Report.Financial Performance Summary The company reported significant figures across revenue and profitability for the full fiscal year ending...

RBI Unleashes Model Risk Management Guidance: Banks and NBFCs Must Brace for AI Oversight Revolution The Reserve Bank of India (RBI) has released a comprehensive draft 'Guidance on Regulatory Principles for Model Risk Management.' This proactive measure signals a significant focus on strengthening governance frameworks across the financial sector. The guidance aims to establish broad regulatory expectations covering the entire lifecycle of models used by regulated entities, including those incorporating Artificial Intelligence (AI) and Machine Learning (ML).Mandate Expands: Who Must Comply with RBI's New Model Risk Guidance? The scope of the draft is intentionally broad, ensuring comprehensive coverage across nearly all financial...

Emerald Finance Ltd Partners with Ebixcash Mobility to Launch Early-Wage-Access Program for Employees Emerald Finance Ltd has entered into a partnership with Ebixcash Mobility Software India Ltd., Delhi, aimed at introducing its specialized Early-Wage-Access program. This initiative is set to provide instant financial relief to employees by allowing them access to portions of their salaries throughout the course of the month.The collaboration aligns with Emerald Finance’s ongoing strategy to expand its service offerings and serve retail customers. The company has been developing a comprehensive salary advance solution designed specifically for corporate partners.This new product involves securing partnerships with employers to...

Manugraph India Board Approves Re-appointment of Key Directors for Future Terms The Board of Directors of Manugraph India Limited has approved the re-appointment of two directors, Mr. Shailesh B. Shirguppi and Ms. Madhavi Kilachand, following a meeting held on June 24, 2026. The appointments are set to continue their service in key roles as deemed necessary by the company.Mr. Shailesh B. Shirguppi has been re-appointed as a Whole Time Director (Works) for a period of three years, effective from July 1, 2026. Mr. Shirguppi brings considerable experience to the role, having completed 35 years with the company. His professional background encompasses various functions such as Research and Development, Customer Support Department (CSD)...

Infosys, ANA's Global CMO Growth Council, and LIONS Launch CMO AI Hub for Peer-to-Peer Learning in Marketing Bengaluru, India - June 24, 2026: Infosys Limited, a global leader in AI-first business consulting and technology services, has announced the launch of the CMO AI Hub. This initiative is a collaboration between Infosys, ANA's Global CMO Growth Council, and LIONS, the organizer of the Cannes Lions International Festival of Creativity. The exclusive, AI-powered platform is designed to facilitate peer-to-peer learning among Chief Marketing Officers (CMOs) worldwide by providing curated insights and experiences from leading marketing organizations and executives.The CMO AI Hub was developed using Infosys Aster, an AI-amplified...

Dynamic Services & Security Secures Contract Worth Rs 3.04 Crore for Fresh Fruit Supply Dynamic Services & Security Limited has secured a domestic contract valued at Rs 3,04,93,450 for the supply of fresh fruits in Kolkata. The company received this work order from MG ASC HQ Eastern Command.The contract outlines the terms and duration for the specialized supply service. The agreement is governed by general terms and conditions provided by the awarding entity.Key details regarding the awarded contract are as follows:DetailInformationAwarding EntityMGASC, HQ Eastern CommandNature of ContractSupply of Fresh Fruit at KolkataContract ValueRs 3,04,93,450 (Rupees Three Crore Four Lakhs Ninety Three Thousand Four Hundred and...

Narayana Hrudayalaya Recommends Dividend; Details Out Amid TDS Compliance Requirements Narayana Hrudayalaya Limited has recommended a dividend for its shareholders, accompanied by specific intimation regarding Tax Deduction at Source (TDS) applicable on the payout. The recommendation applies to the financial year ended March 31, 2026.The Board of Narayana Hrudayalaya Limited has recommended a dividend amounting to ₹4.50 per equity share. This dividend is subject to final approval by shareholders at the Annual General Meeting (AGM), which is scheduled for August 14, 2026.TDS and Dividend Payment DetailsThe company confirmed that the dividend, should it be approved, will be paid after deducting TDS as per the provisions of the...

Arnab Saha Resigns as Head - Strategy and Alliances at Kabra Extrusiontechnik Limited Kabra Extrusiontechnik Limited has confirmed that Mr. Arnab Saha, designated as a Senior Management Personnel of the company, has tendered his resignation from his role. Mr. Saha was the Head - Strategy and Alliances at the firm.The resignation is effective from the closure of business hours on June 23, 2026. According to the details provided, the reason for the change in personnel structure is Mr. Saha's resignation to pursue an external opportunity.Mr. Arnab Saha officially resigned from his position as Senior Vice President Strategy & Operations and Head Strategy & Alliances at Kabra Extrusiontechnik Limited. He expressed gratitude for the...