Markets

Mangalam Global Enterprise Ltd plans board meeting to consider debt-to-equity conversion Mangalam Global Enterprise Limited announced that its Board of Directors will convene a meeting on Friday, June 26, 2026. The meeting is scheduled to address several key business matters for the company.A primary agenda item for the gathering is to review and approve an enabling resolution related to the conversion of outstanding secured or unsecured loans and debt into equity shares of Mangalam Global Enterprise Ltd. This decision is subject to subsequent shareholder approval, along with any necessary regulatory consents and permissions.In addition to the focus on debt-to-equity conversion, the board meeting is slated to consider other matters...

Non-Executive Director Resigns from The India Cements Limited Due to Increased Commitments The India Cements Limited has announced the resignation of Mr. Ashok Ramchandran, a Non-Executive Director on its Board. Mr. Ramchandran's resignation is effective from the close of business hours on June 23, 2026.The company stated that the change in directorship was due to a significant increase in Mr. Ramchandran’s current responsibilities and commitments, which constrained him from dedicating sufficient time to his role as a director. The India Cements Limited expressed sincere appreciation and gratitude for Mr. Ramchandran's invaluable contributions during his tenure with the company.The resignation marks a change in the board composition...

Nexus Select Trust Holds Meeting With Institutional Investor Nexus Select Mall Management Private Limited, Manager to Nexus Select Trust, held a meeting with an Institutional Investor on June 23, 2026. The meeting involved senior management personnel of the trust.The engagement focused on connecting with institutional investors regarding the company's activities and status.Details of the one on one meeting are provided below:Date of MeetFormatEventAttendeesJune 23, 2026One on One MeetingMeeting with Institutional InvestorSenior Management PersonnelThe meeting represents an update session between the Nexus Select Trust management and institutional investment community.NXST Stock Price Movement Today, Nexus Select Trust...

CRISIL Reaffirms AAA Rating for Hitachi Energy India Ltd's Creditworthiness on ₹6,000 Crore Bank Facilities CRISIL Ratings Limited has reaffirmed the long-term credit rating and reassigned the short-term credit rating for Hitachi Energy India Ltd.'s total bank loan facilities amounting to INR 6,000 Crores. The ratings action reflects continuous surveillance of the company's debt instruments.The details of the rating actions by CRISIL Ratings on the specified financial facilities are as follows:Rating ActionAmount and RatingTotal Bank Loan Facilities RatedRs. 6,000 CroresLong Term RatingCRISIL AAA/Stable (Reaffirmed)Short Term RatingCRISILA1+ (Reassigned)The ratings reaffirmation and reassignment confirmed that there...

SPR Auto Technologies Announces Schedule of Virtual One-on-One Meetings with Institutional Investors SPR Auto Technologies, formerly known as Shriram Pistons & Rings Limited, has announced a schedule detailing its virtual one-on-one meetings with various institutional investors. The meetings are scheduled for the coming days and involve several prominent mutual funds.The company representatives will engage in virtual discussions with key financial institutions based on the following timetable:Day & Date of MeetingTime (IST)Investor / FundModeWednesday, June 23, 20263:00 pm to 3:50 pmMahindra Mutual FundPhysicalJune 24, 20264:00 pm to 5:00 pmSundaram Mutual FundVirtualThe meeting schedule is subject to change due to...

Ambani Orgochem Limited Board Approves 12% Dividend on Preference Shares and Ratifies Redemption of 17 Lakhs Shares The Board of Directors of Ambani Orgochem Limited, at a meeting held on Tuesday, June 23, 2026, approved significant actions concerning the company’s preference shares. The resolutions included authorizing the payment of a 12% dividend on Unlisted Cumulative Non-Convertible Redeemable Preference Shares and formalizing the redemption of a substantial number of these shares.The Board's decision includes the payment of the specified dividend at the rate of 12% on the relevant preference shares on a pro rata basis. Furthermore, the company proceeded with the redemption of 17,07,120 Cumulative Non-Convertible Redeemable...

Karur Vysya Bank Names Senior Leaders; Ramasamy G V Appointed Chief Financial Officer Karur Vysya Bank Limited (KVB) announced key changes in its senior management personnel following a Board meeting held on June 23, 2026. The appointments and elevations cover roles spanning corporate banking, finance, operations, treasury, legal, and recovery, impacting various departments within the bank.Shri Ravinder Aggarwal has been appointed as Head of Corporate and Institutional Group (CIG) in the rank of General Manager. His appointment is effective from the date of taking charge. Mr. Aggarwal brings extensive experience to the role, having served in senior leadership capacities across Large Corporate Banking, NBFCs, Asset Reconstruction...

Acquirers Announce Open Offer for Purple Finance Ltd, Targeting 26% Stake at ₹55 per Share Purple Finance Limited's stock is set to be acquired in an Open Offer initiated by a consortium of companies and entities. The offer aims to secure substantial stakes and joint control over the Target Company, with the Acquirers intending to strengthen their presence within the financial services sector.The Open Offer involves Allied Commodities Private Limited (Acquirer 1) and Mr. Sandeep Jindal (Acquirer 2), who are acquiring a portion of Purple Finance Ltd's shares through this mechanism. They have partnered with several Persons Acting in Concert (PACs): Intellect Stock Broking Limited (PAC 1), Intellect Money Finvest Private Limited (PAC 2)...

City Crops Agro Ltd Appoints M/s Sarang Shivajirao Chavan & Associates as Internal Auditor for 2026-27 City Crops Agro Ltd has appointed M/s. Sarang Shivajirao Chavan & Associates, Chartered Accountant of Ahmedabad, to serve as the Internal Auditor for the company for the Financial Year 2026-27. The appointment was finalized following a meeting of the Company's Board of Directors held on June 23, 2026.The appointment secures M/s Sarang Shivajirao Chavan & Associates (FRN: 159649W) in the role of Internal Auditor for City Crops Agro Ltd. The decision was made following consideration and approval by the Board of Directors.Key details regarding the appointment are as follows:DetailInformationAuditing FirmM/s Sarang Shivajirao...

Starlog Enterprises Ltd Board Approves Up To INR 5 Crore Infusion into Subsidiary Starlog Enterprises Limited has approved a significant infusion of funds into its wholly owned subsidiary, Starport Logistics Limited. This decision was formalized during a Board meeting held on June 23, 2026.The company's board reviewed and sanctioned the provision of further funding to Starport Logistics Limited. The authorized amount for this infusion does not exceed INR 5 Crore.The funds can be provided through various mechanisms, including subscription in securities or by way of a loan, which may be convertible or non-convertible. This action is subject to compliance with applicable laws and required statutory approvals.Details regarding the...

Arnab Saha Resigns as Head Strategy and Alliances at Kabra Extrusiontechnik Ltd. Kabra Extrusiontechnik Ltd. has announced that Mr. Arnab Saha, a designated Senior Management Personnel of the company, has resigned from his role as Head Strategy and Alliances. The resignation is effective from closing business hours on June 23, 2026.Mr. Saha’s departure marks a change in senior management at Kabra Extrusiontechnik Ltd. He was previously serving as the Head Strategy and Alliances, alongside responsibilities related to Operations.The company confirmed that there were no other material reasons associated with the resignation of Mr. Arnab Saha. The notice of cessation details this personnel transition within the organization.KABRAEXTRU...

Sula Vineyards' Subsidiary Acquires Domaine Chandon India Assets from LVMH Group Affiliate Artisan Spirits Private Limited (ASPL), a wholly-owned subsidiary of Sula Vineyards Limited, has successfully acquired identified assets forming part of the Domaine Chandon India estate. The purchase was finalized through the execution and registration of a Sale Deed with Moët Hennessy India Private Limited (MHIP), a subsidiary of Moët Hennessy (part of the LVMH group).The transaction, which took place on June 23, 2026, concerns the acquisition of specific assets from MHIP. The acquired estate is located in Dindori, Nashik, and includes the land, building, plant, machinery, and related assets comprising the Domaine Chandon India property.ASPL...

Laxmi Organic Confirms No Undisclosed Material Information Regarding Trading Volume Movement Laxmi Organic Industries Ltd has addressed inquiries regarding significant movements in its security's trading volume, confirming that there is no undisclosed material information or price sensitive details which could explain the market activity.The company stated that, based on current knowledge and analysis, no impending announcement, event, or corporate action requires disclosure under regulatory norms that would affect the movement of its securities.Laxmi Organic maintained transparency regarding the matter, affirming that there is no material information that would necessitate a specific announcement related to the observed volume...

Vinsys IT Services India Expands Globally by Incorporating UK Technology Entity Vinsys Information Technology Services LLC, a wholly owned subsidiary of Vinsys IT Services India Limited, has established a new entity in the United Kingdom to facilitate business expansion. The subsidiary incorporated Vinsys Information Technology Services Ltd in Manchester, United Kingdom, and completed the subscription of shares for the new company on June 23, 2026.Vinsys IT Services LLC, which serves as the holding entity, holds a 100% stake in Vinsys Information Technology Services Ltd. The acquisition is intended to expand Vinsys' business operations into international markets, with the new UK company being focused on information technology network...

Suyog Telematics completes reclassification of Mr. Somnath Lature from Promoter Group to Public Category Suyog Telematics Limited has completed the reclassification of Mr. Somnath Lature, moving him from the 'Promoter/Promoter Group' category to the 'Public' category. The change was formalized following an Ordinary Resolution passed by the company members via a Postal Ballot on June 20, 2026.The company confirmed that this resolution brings about the reclassification of Mr. Somnath Lature from the Promoter/Promoter Group status to the Public Category. This fundamental shift in classification is effective as of June 20, 2026.The transition will be reflected in the shareholding pattern of Suyog Telematics Limited starting from the...

Kalyan Capitals Appoints Ms. Sandhya Kohli as Independent Director Kalyan Capitals Ltd has approved the appointment of Ms. Sandhya Kohli to serve as an Additional Director in the independent category. The decision was made by the Board of Directors, following a recommendation from the Nomination and Remuneration Committee during its meeting on June 23, 2026.Ms. Sandhya Kohli was appointed to the board with the purpose of bolstering the company's governance structure. As an Independent Director, she meets all specified criteria for independence. The appointment aims to introduce expertise in the financial sector to the corporate leadership team.The appointment details and Ms. Kohli’s professional profile highlight her extensive...

Sikozy Realtors Ltd Announces Resignation of Independent Director Sikozy Realtors Ltd has reported the cessation of Ms. Sonali Dighe from the Board of Directors. The change took effect on June 16, 2026.Ms. Sonali Dighe resigned as a Non-Executive Independent Director due to personal reasons. The resignation letter stated that she was unable to devote adequate time and attention to the duties of the Independent Director role, which made it difficult for her to attend Board Meetings.The company addressed communications regarding this change and provided documentation detailing the cessation.Change in Board Composition Details The details pertaining to the change in the board of directors are summarized below:Name of...

Mangalam Worldwide Ltd To Hold Board Meeting To Consider Debt Conversion Into Equity Shares Mangalam Worldwide Limited announced that its Board of Directors will convene a meeting on Friday, June 26, 2026. The primary agenda item for the meeting is centered on approving an enabling resolution related to the conversion of the company's outstanding debt into equity shares.The meeting is scheduled to consider and approve the necessary resolution pertaining to converting secured or unsecured loan(s)/debt into equity shares of Mangalam Worldwide Limited. This action is subject to the approval of the Company’s shareholders, along with any other required regulatory consents and permissions.In addition to addressing the debt conversion...

Anondita Medicare Lands International Order for Condom Supply Worth Rs 5.11 Crore Anondita Medicare Limited has secured an additional purchase order from an international entity for the supply and delivery of male condoms, with the contract valued at approximately Rs 5.11 Crores (Rupees Five Crore Eleven Lakhs Only). This new agreement is set to be executed by July 31, 2026.The order was received via email dated June 23, 2026, from 1 Stop Medical Supplies, a company based in South Africa. The contract pertains specifically to the supply and delivery of male condoms to the international entity.The transaction details regarding the order are summarized below:Key AspectDetailEntity Awarding Order1 Stop Medical SuppliesNature...

Power Finance Corporation Launches $300 Million USD Notes Under Global Medium Term Note Programme Power Finance Corporation Ltd (PFC) has initiated the issuance of U.S. dollar-denominated notes, amounting to $300,000,000. This issuance falls under PFC's larger U.S. $8,000,000,000 Global Medium Term Note Programme.The Notes were priced on June 22, 2026. They carry a coupon rate of 5.32% per annum and are scheduled to mature on June 30, 2031, unless redeemed earlier according to the terms of the notes. The settlement date for these notes is anticipated to be June 30, 2026.Principal and interest payments related to the Notes will be made in U.S. Dollars. The interest payments are set to occur semi-annually on November 30th and June...