Markets

Sudarshan Colorants Faces GST Demand of Rs 3,59,484 Following Cuddalore Tax Authority Order Sudarshan Colorants India Ltd., formerly known as Heubach Colorants India Limited, has been served a demand order by the Office of the Commercial Tax Officer in Cuddalore, Tamil Nadu. The demand relates to GST matters for the financial period of April 2025 and amounts to Rs 3,59,484/-.The demand was issued vide GST DRC-07 on June 23, 2026. This order followed an audit conducted by the Commercial Tax Officer in Cuddalore.According to the details provided regarding the action taken, the aggregate amount of Rs 3,59,484/- represents a penalty levied by the authority, with the tax and interest amounts noted as Nil.The financial breakdown of the...

Promoter Group Acquires Shares of Gamco Ltd, Boosting Stake to 1.52% Mrs. Nikita Goenka, belonging to the promoter group of Gamco Limited, has increased her shareholding in the company by acquiring equity shares through an open market transaction. The acquisition, conducted between June 19, 2026, and June 23, 2026, resulted in Mrs. Goenka's total holding reaching 823,321 Equity Shares, representing 1.52% of the issued and paid-up equity share capital of Gamco Limited.The transaction involved the purchase of 15,033 Equity Shares, each having a face value of Rs. 2/-.Transaction Summary Mrs. Nikita Goenka's acquisition occurred entirely via the open market route. Prior to this purchase, her holding stood at 808,288 shares (1.50% of...

Digilogic Systems Secures Rs 1.60 Crore Order from Defence PSU for Test Jig Supply Digilogic Systems Ltd, operating in the ordinary course of business, has secured a purchase order valued at Rs. 1.60 Crores from a Defence PSU. The contract involves the supply, installation, and commissioning of a STATIC TEST JIG FOR AFCC-UHM.The order highlights Digilogic Systems’ involvement in supplying specialized industrial equipment to state defense entities. The contract details specify that the project must be delivered by February 23, 2027.Key details pertaining to the contract awarded by the domestic entity are as follows:ParticularsDetailsAwarding EntityDefence PSUContract ScopeSupply, Installation and Commissioning of STATIC...

Life Insurance Corporation of India details shareholding status in GIC Housing Finance Limited The Life Insurance Corporation of India (LIC) Central Office has provided disclosure regarding its stake in GIC Housing Finance Limited, detailing acquisitions and resulting shareholdings as of June 19, 2026.The acquisition process by LIC spanned from November 21, 2007, to June 19, 2026, involving a market sale of shares.Prior to the acquisition consideration, the Life Insurance Corporation of India held 2,712,250.00 shares in GIC Housing Finance Limited, representing a holding of 5.037% relative to the total share/voting capital. In the intervening period, LIC acquired an additional 1,102,877.00 shares through a market sale, which...

Time Securities Services Acquires 1 Million Shares in Time Technoplast Ltd Amid Promoter Group Consolidation Time Securities Services Private Limited has acquired 10,00,000 equity shares in Time Technoplast Ltd. as part of an inter-se transfer amongst members of the promoter group. The acquisition represents 0.20% of the total share capital of Time Technoplast Ltd., aimed at consolidating shareholding within the group.The transaction was completed on June 23, 2026.As per the details provided for the acquisition, Time Securities Services Private Limited acquired shares from three promoters: Mr. Naveen Kumar Jain, Mr. Raghupathy Thyagarajan, and Mr. Vishal Anil Jain.Details of the shares acquired are presented below...

Archies Limited Re-appoints Executive Director Mr. Varun Moolchandani for Five Years Archies Limited has re-appointed Mr. Varun Moolchandani as an Executive Director, effective from June 24, 2026, extending his tenure for a further five years. This move confirms the ongoing strategic involvement of Mr. Moolchandani in the company's operations and growth initiatives.The appointment follows his initial directorship, which commenced on June 25, 2019. Throughout his tenure, Mr. Moolchandani has contributed to the fragrance and cosmetics sector, bringing extensive experience in international brand tie-ups, strategic alliances, P&L management, and developing business strategies.Details regarding Mr. Varun Moolchandani’s professional...

Madhya Bharat Agro Products Limited Announces Share Split Details and Record Date Madhya Bharat Agro Products Limited has announced the details regarding the sub-division or split of its equity shares, following a resolution passed by its Board of Directors. The company fixed the Record Date for this corporate action as Friday, July 3, 2026.The Board Meeting, held on Wednesday, June 24, 2026, determined that one existing Equity Share of the company, which had a face value of Rs. 10/- (Rupees Ten Only) each and was fully paid up, would be split into five Equity Shares. These new shares will have a face value of Rs. 2/- (Rupees Two Only) each and are also fully paid up.The determination of eligibility for shareholders regarding the...

Associated Coaters Ltd clarifies share price movements attributing fluctuations to market conditions Associated Coaters Ltd has addressed recent movements in its stock price, stating that the fluctuations are purely driven by broader market conditions. The company confirmed that it neither controls nor possesses knowledge regarding the specific reasons behind the changes in its share value.In responding to inquiries concerning the share price trajectory, Associated Coaters Ltd maintained that the movement of its shares is entirely attributable to the prevailing market sentiment.The company reaffirmed its commitment to remaining informed about any relevant events and will continue to keep necessary parties updated should such...

New Infinity Active Asset Allocator Launches Amid Market Turbulence, Targeting Capital Gains through Dynamic Long-Short Strategies A major new offering has entered the investment space with the launch of the Infinity Active Asset Allocator Long-Short Fund by Kotak Mahindra Mutual Fund. This Specialized Investment Fund (SIF) is designed to navigate market complexity and volatility, achieving its objective of both long-term capital appreciation and steady income generation through a highly dynamic allocation strategy.The fund aims to achieve this dual mandate by dynamically investing across diverse asset classes including equity, debt, InvITs, commodity derivatives, and their derivatives. The structure allows for a high degree of...

LIC Acquisition Details in GIC Housing Finance Ltd. Life Insurance Corporation of India (LIC) has acquired additional shares in GIC Housing Finance Ltd., with the transaction details reflecting a market sale. The acquisition involved the LIC, represented by its Central Office in Mumbai, and marks an update in its substantial holding of the housing finance company.The corporation's holdings demonstrate a reduction following the purchase. Before this particular acquisition, the LIC held 2,712,250 shares, which accounted for 5.037% of the target company's capital. The subsequent market sale resulted in the acquisition of 1,102,877 shares, representing 2.048%.Following this transaction, the LIC's holding stood at 1,609,373 shares...

Shareholders Approve Continuation of Independent Director's Tenure at Madhya Bharat Agro Products Limited Madhya Bharat Agro Products Limited has announced that shareholders approved a resolution at its 29th Annual General Meeting regarding the continuation of Shri Paras Mal Surana’s directorship. The approval concerns his tenure as a Non-Executive Independent Director, allowing him to serve past the age of 75 years.The decision follows a recommendation by the Nomination and Remuneration Committee, ensuring continuity in independent governance as the company approaches this milestone.Shri Paras Mal Surana is set to reach the age of 75 years on July 8, 2027. The shareholders approved the continuation of his directorship effective...

Saregama Appoints New CFO, Secures Interim Leadership Amid Key Personnel Changes Saregama India Limited has made significant changes in its finance leadership team. The Board of Directors approved the appointment of Mr. Abhishek Kapoor as Chief Financial Officer (CFO), while concurrently appointing Mr. Kuldeep Kothari as Interim Chief Financial Officer (Interim CFO). These appointments were formalized during a meeting held on June 24, 2026, to ensure continuity in the company's financial management structure.Mr. Abhishek Kapoor was appointed to the role of CFO and Key Managerial Personnel, effective from July 15, 2026. Mr. Kuldeep Kothari has been designated as Interim CFO and Key Managerial Personnel, taking effect immediately on...

Gretex Corporate Services Files DRHP for Sky Alloys and Power Limited on Major Stock Exchanges Gretex Corporate Services Ltd has announced that it has filed the Draft Red Herring Prospectus (DRHP) pertaining to Sky Alloys and Power Limited. The filing was conducted on both the Main Board Platforms of the National Stock Exchange of India Limited (NSE) and BSE Limited.GCSL Stock Price Movement As of 12:27 PM, shares of Gretex Corporate Services Limited are slipping by 0.44% in live trading, currently at ₹421 as the stock continues to move down. The equity has seen a volume of 232,967 shares during the session, maintaining movement within its intraday range.

Tranway21 Technologies Ltd states stock price movement is purely market driven Tranway21 Technologies Ltd confirmed that any significant movements in its security's price are a result of market conditions, clarifying there is no underlying unpublished material information requiring disclosure.The company stated that, to the best of its knowledge, there are no events or material facts pending which pertain to the operations or performance of Tranway21 Technologies Ltd and could influence the movement of its securities.Management emphasized that the increase or decrease in the share price is purely market driven. The Company reaffirmed its commitment to adhering to all applicable disclosure requirements and promised to keep relevant...

Info Edge Invests About Rs 40 Crores in Wholly Owned Subsidiary SIHL Info Edge (India) Ltd has committed to an investment of about Rs 40 Crores into Startup Investments (Holding) Limited (SIHL). The transaction was agreed upon by a meeting of the Committee of Executive Directors on June 24, 2026.The investment involves acquiring Compulsorily Convertible Debentures (CCDs) in SIHL through cash consideration. Post this capital infusion, SIHL will remain the wholly owned subsidiary of Info Edge (India) Ltd.Details regarding the target entity and the transaction are as follows:ParticularsDetailsTarget EntityStartup Investments (Holding) Limited (SIHL)Entity StatusWholly owned subsidiary of Info Edge (India) Ltd.Industry...

Advit Jewels IPO Surges on Day Two, Books Over 24X Subscription Amid Strong GMP Rally Advit Jewels initial public offering (IPO) continued to witness immense investor enthusiasm on Wednesday, building upon a successful opening day. The Rs 165.16-crore issue saw substantial demand as the company's shares commanded a grey market premium (GMP) of around 40 percent. This sustained interest signals strong market confidence in the fine jewellery segment and Advit Jewels' brand equity.Investor Demand Skyrockets Across All Categories As of 12:15 pm, NSE data revealed that the IPO received bids for 19.96 crore shares against an available offer of 83.79 lakh shares. This translates to a robust subscription rate of 23.82 times. The performance...

United Drilling Tools Ltd Secures Repeat Export Order from Brazilian Firm for Casing Pipe Supply United Drilling Tools Ltd has received an additional repeat export order from M/s Argentera Oil and Gas, Brazil. The contract involves supplying specialized Casing Pipe with multi start Connectors to M/s Petrobras in the ordinary course of business.The international order holds an estimated contract value of Rs. 1,60,87,627. This contract is set for execution within a timeframe of four to five months.The details of the significant export contract are summarized below:ParticularsDetailsEntity Awarding OrderArgentera Oil and Gas, BrazilProduct SuppliedCasing Pipe with multi start ConnectorNature of TransactionSupply of...

Invesco Launches Nifty Bank ETF: Passive Bet on Banking Sector Unveiled as Regulatory Compliance is Established Invesco Asset Management has officially introduced the Invesco India Nifty Bank ETF, a new product designed for investors seeking exposure to the performance of the banking sector. This Exchange Traded Fund (ETF) is meticulously structured to passively track the Nifty Bank Index TRI, aiming to provide a stable and focused investment opportunity in major Indian financial institutions. The launch targets investors keen on tapping into India's core banking segment while leveraging the efficiency of ETF markets.Decoding the Invesco Nifty Bank ETF Structure The Invesco India Nifty Bank ETF is classified as an ETF, designed to...

QGO Finance Ltd Board Approves Issuance of Secured and Unsecured Non-Convertible Debentures QGO Finance Ltd announced that its Board of Directors approved two separate proposals for raising funds through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The approvals cover both secured and unsecured NCD tranches, intended to augment the company's capital structure.The board meeting, held on June 24, 2026, sanctioned the raising of funds via two instruments designed for different tenure periods and risk profiles. Both issuances are scheduled to be conducted through private placement to eligible investors.Secured NCD Issuance Details QGO Finance Ltd approved the issuance of Secured, Unlisted, Redeemable...

Kahan Packaging Appoints Zankhana Bhansali & Associates as Secretarial Auditor The Board of Directors of Kahan Packaging Ltd has approved the appointment of M/s Zankhana Bhansali & Associates, Practicing Company Secretaries (COP No. 10513), to serve as the company's Secretarial Auditor. The decision was made during a meeting held on June 24, 2026.The appointment secures M/s Zankhana Bhansali & Associates for a period of two years, covering the financial years spanning from 2025-26 to 2026-27. This move underscores the commitment of Kahan Packaging Ltd to corporate governance and compliance standards within its operational framework.Profile of the Secretarial Auditor Mrs. Zankhana Bhansali, who serves as the founder and principal of...