Markets

SEBI Mandates Unified Advertising Code: Intermediaries Face Post-Approval Reporting and Strict Limits on Celebrity Endorsements Securities market regulator SEBI has introduced a groundbreaking proposal for the securities industry, aiming to consolidate disparate advertising rules into a single Common Advertisement Code (CAC). This move replaces multiple entity-specific norms with a harmonized framework designed to ensure that all promotional activities are fair, transparent, and not misleading across the entire regulated landscape.The proposed code targets nearly every investor-facing regulated entity. These include stock brokers, mutual funds, asset management companies, portfolio managers, investment advisers, and research analysts...

MAS Financial Services Limited to Partially Redeem 33% of OCPS in Subsidiary MRHMFL MAS Financial Services Limited (MFSL) has announced the partial redemption of Optionally Convertible Preference Shares (OCPS) held by the company in its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL). The move is part of the terms of investment made by MFSL concerning the Series II 6% Non-Cumulative Optionally Convertible Preference Shares.According to the details released, MRHMFL has decided to partially redeem 3,33,330 OCPS. This redeemed amount constitutes 33% of the total OCPS issued in the subsidiary company.The payment for this redemption is set at Rs. 3,33,33,333/- (Rupees Three Crore Thirty-Three Lakh ThirtyThree Thousand...

Govt Launches Mega Disinvestment Drive as Centre Puts Up To 2% IRFC Stake for Sale Details of the Indian Railway Finance Corporation Offer The Department of Investment and Public Asset Management (DIPAM) has announced plans to sell up to a two percent stake in the Indian Railway Finance Corporation (IRFC). This transaction marks another critical step in the government's ongoing disinvestment initiative. The Offer for Sale (OFS) is structured as an opportunity for institutional investors to acquire equity in the key PSU enterprise.DIPAM stated that the sale will initially involve a one percent stake in IRFC. Furthermore, there is an additional one percent share available through a greenshoe mechanism, should investor demand be strong...

RBI Unlocks FCNR-B Deposit Power: Banks Now Allowed Loan Extensions, Signaling Potential Rupee Rally Foreign Currency Deposits Get Major Boost After RBI Clarifies Lending Rules The Reserve Bank of India (RBI) has significantly clarified queries raised by banks regarding Foreign Currency Non-Resident Bank (FCNR-B) deposits. The central bank's clarifications empower Indian banks to utilize these deposits more effectively, potentially setting the stage for a near-term rally in the rupee.The RBI document released confirms that all Indian banks, including their overseas branches, are authorized to undertake enhanced activities against FCNR-B deposits mobilised by clients. This includes issuing standby letters of credit (SBLC) to overseas...

Patel Integrated Logistics Announces Record Date for Equity Share Buyback Proposal Patel Integrated Logistics Limited has announced the record date for its planned buyback of equity shares, following the Board of Directors' approval of the proposal. The company set Tuesday, June 30, 2026, as the official record date to determine eligibility for shareholders participating in the tender offer process.The buyback initiative targets a maximum of 60 lakh fully paid-up equity shares of the Company. These shares are those with a face value of ₹10/- per share. The company is executing the repurchase through the tender offer route, offering each share at a fixed price of ₹18/- (Rupees Eighteen only), payable in cash.The maximum aggregate...

Gold and Silver Plunge as Strong Dollar and Interest Rate Fears Weigh Heavily on Precious Metals The precious metal market witnessed a significant downturn on Tuesday, with gold prices softening domestically amid concerns over global interest rate hikes. Gold bullion declined by ₹ 3,000, reaching ₹ 1,49,300 per 10 grams in the all India Sarafa Association markets. Concurrently, silver saw a sharp decline, tumbling by ₹ 10,500 to reach its lowest level in over two months in the national capital.Domestic Market Trends for Gold and Silver The yellow metal, priced at ₹ 1,49,300 per 10 grams, registered a 2 percent dip, noting the price decline compared to March 27 when it was quoted at ₹ 1,47,800 per 10 grams. Silver bore the brunt of the...

Patel Integrated Logistics Limited Approves Buyback of Equity Shares at ₹18 Per Share Patel Integrated Logistics Limited announced that its Board of Directors has approved a buyback proposal for up to 60 lakh equity shares, setting key parameters and timelines for the transaction.The company’s board meeting, held on Tuesday, June 23, 2026, reviewed and endorsed the proposal concerning the acquisition of fully paid-up equity shares from all shareholders through a tender offer route. The buyback offers Equity Shares at a price of ₹18/- per share.Details regarding the buyback include:Number of Securities Proposed: Up to 60,00,000 (Sixty Lakhs) fully paid-up equity shares. Face Value: The Equity Shares have a face value of ₹10/-...

Transteel Seating Technologies Converts Warrants into Equity Shares, Raising Rs 1.15 Crore Bengaluru based Transteel Seating Technologies Limited announced the conversion of warrants into equity shares in a preferential allotment transaction on June 23, 2026. The move saw the issuance of 1,92,000 equity shares upon payment by allottees from the Non-Promoters/Public Category.The company allotted these new equity shares at an issue price of Rs 80/- each. These shares have a face value of Rs 10/- per share, carrying a premium of Rs 70/- per share. The allotment was made following the exercise of rights by existing warrant holders.A total amount aggregating to Rs 1,15,20,000/- was received for this conversion. This payment corresponds...

Rashi Peripherals Acquires Strategic Stake in VDA Infosolutions to Expand into Enterprise Technology Services Rashi Peripherals Limited (RP Tech), a leading national distributor of Information and Communication Technology (ICT) products in India, has entered a strategic partnership with VDA Infosolutions. This transaction aims to transform RP Tech into a fully integrated technology solutions and services enterprise by acquiring a significant stake in the enterprise technology and digital infrastructure firm.The acquisition involves an upfront cash consideration of INR 3.68 Billion for a 67% stake in VDA Infosolutions. The remaining 33% of the equity will be acquired over three years through a predefined mechanism, setting the total...

Sarjapur Entity Allots CCPS Through Private Placement to Raise Capital Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, known as Sarjapur Entity, has allotted Compulsoribly Convertible Preference Shares (CCPS) through a private placement aimed at raising additional capital. The allotment was conducted by the Board of Directors during a meeting held on June 23, 2026.The company issued two series of CCPS to identified investors. Sarjapur Entity allotted 12,00,000 fully paid-up Series A CCPS, with a face value of Rs. 50/- each. Additionally, 34,30,000 partly paid-up Series B CCPS were issued, carrying a face value of Rs. 50/- and a paid up amount of INR 5/-.Both the Series A and Series B CCPS currently carry a conversion...

Manali Petrochemicals Limited Secures Interim Stay on Court Order Following Writ Appeal Hearing Manali Petrochemicals Limited has received a significant development regarding ongoing litigation, with the Division Bench of the Madras High Court granting an interim stay on a previous order.The company had filed a Writ Appeal (WA No. 1538 of 2026) before the Madras High Court against an earlier order dated March 25, 2016, which was passed in W.P. No. 5850 of 2016.Manali Petrochemicals Limited confirmed receiving a court order on June 15, 2026. The Division Bench granted an interim stay on the said order, contingent upon compliance with specific conditions directed by the Court. The matter has subsequently been posted for further...

NSB BPO Solutions' Shareholding in On Door Concepts Reduces Following Preferential Allotment NSB BPO Solutions Limited reported a reduction in its equity stake in On Door Concepts Limited after the latter conducted a preferential allotment of shares to non-promoters. The dilution results in NSB BPO Solutions’ shareholding decreasing from 30.51% to 24.62%.The change occurred subsequent to the preferential allotment, approved by the Board of Directors of On Door Concepts Limited on June 18, 2026. This event saw the issuance of 13,51,900 Equity Shares to non-promoters by the target company.Prior to the new allotment, NSB BPO Solutions Limited held 30.51% of the total issued and paid-up equity share capital of On Door Concepts Limited...

The India Cements Limited announces conclusion of V. Manickam's term as Independent Director The India Cements Limited has announced that the tenure of Mr. V. Manickam, serving as an Independent Director of the company, concludes effective June 23, 2026.The company extended its sincere appreciation and gratitude to Mr. V. Manickam for his invaluable contributions during his period on the Board.Details regarding this change in the directorate are provided below:ParticularsDetailsDirector's NameMr. V. ManickamDesignationIndependent DirectorDate of CessationJune 23, 2026Reason for ChangeConclusion of term as independent directorINDIACEM Stock Price Movement The India Cements Limited shares closed today, edging up...

Regency Fincorp Obtains BSE Approval for Listing of Non-Convertible Debentures Regency Fincorp Ltd, formerly known as Regency Investments Limited, has secured approval from the Bombay Stock Exchange (BSE) Limited for the listing of its privately placed Non-Convertible Debentures (NCDs).The company received the notice and subsequent approval from BSE Limited regarding the listing of these NCDs on the Debt Market Segment of the Exchange. This transaction was formalized via Notice No. 2026062319, dated June 23, 2026.This development allows Regency Fincorp to proceed with the market debut of its debt instruments following approval from the BSE. The details of the notice are available through the official channels of BSE Limited.Stock...

Promoter Acquisitions and Sales Reported by Disha Resources Limited Stakeholders Disha Resources Limited has reported changes in the shareholding of its promoters and an immediate relative, detailing acquisitions and dispositions of equity shares as of June 19, 2026.Mayadevi Krishnavtar Kabra, identified as a Promoter, reported an increase in her stake after an off market inter se transfer through gift. Prior to this transaction, she held 244,448 Equity Shares, representing 9.27% of the shareholding. Following the acquisition, Mayadevi reported holding 9,22,448 shares, which accounts for 12.61% of the company's equity. This transaction was intimated to the company on June 20, 2026.Meanwhile, Radhadevi Premnarayan Maheshwari...

Nexus Select Trust Holds 'Nirmal Bang Conference' Meeting with Institutional Investors Nexus Select Mall Management Private Limited, acting as the Manager for Nexus Select Trust, conducted a meeting with institutional investors focused on the firm's operations. The event was held virtually and centered around the themed event titled 'Nirmal Bang Conference'.The gathering took place on June 22, 2026. Senior Management Personnel from Nexus Select Trust participated in the virtual group meeting designed for institutional stakeholders.Key details regarding the investor interaction are provided below:Date of MeetFormatEventAttendeesJune 22, 2026Virtual - Group Meeting'Nirmal Bang Conference'Senior Management PersonnelNXST...

Minolta Finance Ltd to Hold Board Meeting to Approve Proposed Rights Issue Minolta Finance Ltd has scheduled a meeting of its Board of Directors to consider and approve a proposed Rights Issue. The meeting is set to be held on June 27, 2026, via video conferencing at the company's Corporate Office.The primary focus of the board meeting will be granting approval for the Proposed Rights Issue. Several critical aspects related to the rights issue are scheduled for deliberation and finalization during the session.Key matters pertaining to the proposed rights issue that require consideration include:Revision of the Equity Shares Pricing Defining the Terms of payment Determining the Rights Entitlement Ratio Revising the Record Date...

Indo Thai Securities Limited Schedules Unsecured Creditors Meeting for Proposed Scheme of Arrangement Indo Thai Securities Limited (ITSL) has scheduled a meeting for the Unsecured Creditors concerning a proposed Scheme of Arrangement involving the company and Indo Thai Financial Services Limited. The gathering, convened as per the directions of the National Company Law Tribunal (NCLT), Indore Bench, is set to take place in July 2026.The meeting aims to consider and potentially approve the proposed Scheme amongst ITSL and Indo Thai Financial Services Limited (ITFSL) and their respective shareholders. This action pertains to the provisions of Sections 230 to 232 of the Companies Act, 2013.ITSL has ensured that all Unsecured Creditors...

Bliss GVS Pharma Announces Book Closure and Record Dates for 41st AGM and Final Dividend Bliss GVS Pharma Limited has announced key dates related to its forthcoming 41st Annual General Meeting (AGM) and the payment of the final dividend for the financial year ended March 31, 2026. The company designated a period for book closure to determine the members' records for both events.The Register of Members and Share Transfer Books of Bliss GVS Pharma Limited will be closed from Thursday, July 09, 2026, through Wednesday, July 15, 2026. This window is designated for identifying shareholders who will participate in the 41st Annual General Meeting, which is scheduled to take place on Wednesday, July 15, 2026.The company also provided...

Apollo Micro Systems Limited Completes Allotment of 21 Lakh Equity Shares Following Warrant Exercise Apollo Micro Systems Limited has successfully completed the allotment of equity shares arising from the conversion of warrants, resulting in an increase in the company's paid-up capital. The Securities Allotment Committee approved the issuance of 21,43,095 equity shares, which have now been fully allotted against the exercise of warrants issued previously to selected investors.The allotment was finalized on June 23, 2026, following the receipt of a Warrant Exercise Price aggregating Rs. 18,32,34,622.5 for these securities. The equity shares were allotted at a face value of Re. 1/- each and are considered to rank pari passu with...