Markets

CGST Initiates Search at Acutaas Chemicals Limited Gujarat Facility Tax authorities conducted search proceedings at the registered office and Sachin facility of Acutaas Chemicals Limited, confirming that the process is ongoing, but currently poses no material threat to the company's operations.The Anti-evasion Department of the Central Goods & Service Tax & Central Excise (CGST & CE) in Surat initiated the inspection and search proceedings at the company’s facilities located in Sachin, Surat, Gujarat, on June 22, 2026. The inspection is currently underway, and Acutaas Chemicals Limited has confirmed it is providing full cooperation to the authorities involved in the process.The search action was executed by officials from the...

Oswal Agro Mills Ltd Issues Corrigendum for Board Meeting Timing Details Oswal Agro Mills Ltd has issued a corrigendum regarding the outcome of its Board meeting held on June 22, 2026. The correction pertains to an inadvertent typographical error in the recorded timing of the meeting.The company previously disclosed details concerning the outcome of the Board of Directors meeting, which included the resignation of both the Internal Auditor and the Chief Financial Officer of the company.The clerical error was related to the duration of the meeting as stated in the original Outcome Letter. The meeting commenced at 11:00 a.m. (IST). While the previous statement indicated the conclusion time as 11:40 a.m. (IST), the correct concluding...

Tata Electronics Hit by Massive Cyber Breach as Apple and Tesla Trade Secrets Go Live Online A significant cybersecurity incident has rocked the supply chain, as Tata Electronics revealed it was targeted by a cyberattack compromising proprietary data belonging to major clients Apple and Tesla. Researchers have since published over 200,000 files containing alleged component design specifications and trade secrets of both global tech giants on the dark web.Tata Electronics confirmed that they identified the cybersecurity incident weeks ago. The company stated that immediate response protocols were deployed, confirming that the breach has had no operational impact across its businesses. A full analysis is reportedly underway by Apple...

Eco Hotels And Resorts Ltd Issues Reminder for First and Second Call Payments on Partly Paid-up Equity Shares Eco Hotels And Resorts Ltd has issued a reminder notice regarding the outstanding First and Second Call Money on its partly paid-up equity shares, which were allotted through a Rights Issue. The company requested shareholders to settle the due amounts, along with accrued interest on delayed payments, by June 30, 2026.The reminder addresses shareholders who have not yet paid the required Call Money installments. These calls relate to the partly paid-up equity shares of Eco Hotels And Resorts Limited, which carry a total value of Rs. 3.80 per share (comprising Rs. 2.50 towards paid up value and Rs. 1.30 premium).The notice...

Hindustan Organic Chemicals Announces Temporary Shutdown of Kochi Phenol Plant Due to Market Constraints Hindustan Organic Chemicals Ltd has announced that it has initiated temporary shutdown activities for its Phenol plant located in Kochi, Kerala. The decision comes amid prevailing product market constraints affecting the company’s operations.The announcement confirms the temporary operational status of the facility. In addition to the Phenol plant, the Hydrogen Peroxide Plant at the same location is already under a temporary shutdown as well.Hindustan Organic Chemicals Ltd has stated that the reopening schedule for these plants will be communicated separately when preparations are complete.Stock Price Movement At the close of...

Sahana System Limited Approves Capital Restructuring and Board Appointments at Shareholder Meetings Sahana System Limited's Board of Directors held a meeting on June 22, 2026, approving several major corporate decisions concerning its capital structure, listing migration, and key appointments to the management. The outcomes include increasing the Authorized Share Capital, approving a bonus issue, and appointing new directors.The Board reviewed and approved an increase in the company's Authorized Share Capital from Rs. 10,00,00,000 (Rupees Ten Crores Only) divided into 1,00,00,000 Equity Shares of Rs. 10/- each to Rs. 24,95,00,000 (Rupees Twenty-Four Crores Ninety-Five Lakhs Only) divided into 2,49,50,000 Equity Shares of Rs. 10/-...

HEG Limited Reconstitutes Committees, Effective June 23, 2026 HEG Limited has reconstituted the membership of several key committees within the company. These changes come into effect starting June 23, 2026. The reconstitution includes updates to the Audit Committee, the Nomination and Remuneration Committee, and the Corporate Social Responsibility and ESG Committee.The composition of the Audit Committee details are as follows:S. No.Name of MemberDesignationCategory1Dr. Nand Gopal KhaitanChairpersonIndependent Director2Smt. Ramni NirulaMemberIndependent Director3Shri. Jayant DavarMemberIndependent Director4Shri Priya Shankar DasguptaMemberIndependent Director5Dr. Kamal GuptaMemberNon-Executive Non-Independent...

Yash Highvoltage Ltd Approves Preferential Issue of Equity Shares and Warrants Yash Highvoltage Limited announced that its Board of Directors has approved a significant fundraising initiative through the issuance and allotment of equity shares and equity warrants on a preferential basis. The decisions were made during a board meeting held on June 22, 2026.The Preferential Issue involves raising funds by issuing up to 12,62,131 fully paid-up Equity Shares and up to 8,32,177 Equity Warrants. Both securities have a face value of ₹5 each. The issue price for both the equity shares and the warrants was set at ₹721 per unit, which includes a premium of ₹716.The total consideration aggregated across the two components amounts to...

SEBI Initiates Massive Regulatory Overhaul to Boost Ease of Doing Business in Securities Markets SEBI has launched an ambitious review aimed at radically simplifying compliance burdens across the securities ecosystem. In a move signaling a commitment to 'optimal regulation,' the market regulator is undertaking a comprehensive review of the Master Circular for Stock Exchanges and Clearing Corporations, alongside the Master Circular for Commodity Derivatives. This initiative is designed to reduce operational costs and ease processes for all participants in the financial markets.The regulatory body's objective centers on streamlining complexity. Through this consultative process, SEBI intends to remove redundant and obsolete requirements...

GEE Limited Supplies Consumables as Indian Navy Commissions Three Indigenous Warships GEE Limited, a leading manufacturer of welding consumables and solutions in India, has been recognized for its crucial role in the triple commissioning ceremony of three advanced naval warships—INS Dunagiri, INS Agray, and INS Sanshodhak. The event took place in Kolkata on June 21, 2026.The company served as the exclusive supplier of welding consumables for these frontline naval assets. The vessels were formally inducted into the Indian Navy during a ceremony presided over by Prime Minister Shri Narendra Modi. This marks only the second instance of such a triple commissioning of naval platforms in recent years.The three warships, designed by the...

Anondita Medicare Limited secures independent valuation report for share warrants Anondita Medicare Limited has obtained an independent valuation report concerning its company shares warrants. The company confirmed that this valuation was conducted voluntarily.The purpose of obtaining the valuation from a Registered Valuer was to align the pricing of the proposed issue of share warrants with the prescribed pricing formula relevant to the capital determination process for frequently and infrequently traded shares.The valuation report obtained by Anondita Medicare Limited has been secured to support the company's plans related to the forthcoming issuance of share warrants.ANONDITA Stock Price Movement Anondita Medicare Limited...

AGPH (Thailand) Ltd. to make tender offer for Polyplex Corporation’s Thai subsidiary shares A wholly owned subsidiary of AGP Holdco Limited, AGPH (Thailand) Ltd., announced its intention to acquire all ordinary shares of Polyplex (Thailand) Public Company Limited in a tender offer. The acquisition is targeted at the Thai company, which is a step-down subsidiary of the listed company.The announcement, made on June 22, 2026, details the proposed tender offer for Polyplex (Thailand) Public Company Limited (PTL). AGPH (Thailand) Ltd. is a wholly owned subsidiary of AGP Holdco Limited, Dubai UAE, and holds 76,21,390 equity shares of the face value of Rs. 10 each in Polyplex Corporation Limited.Tender Offer Details for PTL Shares The...

Oswal Greentech Board Approves UAE Subsidiary and Notes Internal Auditor Resignation Oswal Greentech Limited announced significant strategic decisions following its recent board meeting, which included the approval of a new foreign subsidiary in Dubai, United Arab Emirates (UAE). The company also confirmed the resignation of its internal auditor.The Board of Directors held on June 22, 2026, approved the incorporation of a new Subsidiary Company in Dubai, UAE. This strategic move is aimed at expanding Oswal Greentech's international business presence and undertaking land development, residential, and commercial properties in the UAE and other permitted activities.The subsidiary falls under the Real Estate Development and Property...

Yash Highvoltage Announces Up To ₹151 Crore Preferential Issue to Accelerate Expansion in Extra-High Voltage Segment Yash Highvoltage Limited, a key manufacturer in the power generation and transmission sector, has announced a preferential issue of equity shares and convertible warrants amounting to up to approximately ₹151 crore. The funding is intended to fuel capacity expansion, enhance technology, and strengthen the company's presence within the specialized Extra-High Voltage (EHV) Transformer Bushings segment.The Board of Directors approved the issuance of shares and warrants in this capital raise, which has attracted interest from a distinguished group including institutional investors, family offices, and long-term reputable...

Hero MotoSports Celebrates 10 Years of Global Rally Racing Excellence; Extends ASO Partnership and Launches 'India's Next Dakar Hero' Program Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, marked a significant milestone with the celebration of its MotoSports Team Rally’s tenth anniversary. The event, held at the Centre for Innovation and Technology (CIT) in Jaipur, formalized three key strategic initiatives designed to shape the future of India's global rally racing presence: extending its partnership with Amaury Sport Organization (ASO), launching the 'India's Next Dakar Hero' (INDH) program, and inducting rising off-road racer Shlok Ghorpade into the team.The celebration gathered top motorsport figures...

Lemon Tree Hotels Signs Hotel in Janakpur, Boosting International Portfolio to Eight Properties in Nepal Lemon Tree Hotels Limited has announced the signing of a License Agreement for Lemon Tree Hotel in Janakpur, Nepal, significantly expanding its international presence. The property will be managed by Carnation Hotels Private Limited, which is a wholly-owned subsidiary of Lemon Tree Hotels Limited.The new hotel will feature 85 well-appointed rooms, along with supporting amenities including a restaurant, banquet hall, meeting/conference room, bar lounge, swimming pool, spa, and a fitness center. This addition aims to provide a full service branded hospitality experience in the spiritually significant destination.This agreement...

Lloyds Engineering Works Announces EGM to Ratify SISCOL Acquisition and Major Preferential Share Allotment Lloyds Engineering Works Limited has called for an Extra Ordinary General Meeting (EGM) to seek shareholder approval for a significant acquisition of Steel Infra Solutions Company Limited (SISCOL) through a share swap, alongside two major preferential allotment offerings. The EGM is scheduled for Wednesday, July 15, 2026, and will be conducted exclusively via Video Conference (VC)/Other Audio-Visual Means (OAVM).The Special Resolution set out in the notice relates to acquiring up to 2,11,80,117 equity shares of SISCOL, representing up to 52.16% of its total outstanding equity share capital. The acquisition is being executed...

SpaceX Stock Slips Amid Bond Sale Announcement, Despite Massive Funding Drive for AI Ambitions SpaceX shares retreated for the third consecutive day after the Elon Musk-led aerospace giant announced it would be selling investment-grade bonds. This move is part of a strategy expected to involve a massive borrowing spree designed to fuel the company's aggressive artificial intelligence ambitions.The stock saw significant volatility in New York, falling as much as 10% on Monday morning. This drop follows a slump surpassing 8% over Wednesday and Thursday, occurring before the US market closed for the Juneteenth federal holiday.IPO Strength and Current Valuation of SpaceX Despite recent declines, the company maintains immense value. The...

Waterways Leisure Tourism's Cruise IPO Set to Open: Anchor Investors Pump in Rs 263 Crore Ahead of Public Listing Domestic ocean cruise operator, Waterways Leisure Tourism, has successfully raised Rs 263.25 crore through an anchor book deal with eight major investors. This capital injection comes just one day ahead of the company's maiden public issue, signaling strong institutional confidence in the maritime leisure sector. The total size of the upcoming IPO is Rs 585 crore.The company's IPO is slated to begin on June 23 and conclude on June 25. It carries a defined price band ranging from Rs 769 to Rs 808 per share. This issuance represents an entirely fresh issue, with the proceeds earmarked for strategic corporate growth and asset...

Meta Invests $900 Million in Cred but Won't Access Customer Financial Data: Fintech Startup Maintains Privacy Integrity Facebook parent company Meta has committed to a significant investment in fintech platform Cred, joining its cap table as a minority investor. However, the terms of the deal stipulate that Meta will not receive access to the users' financial data, despite the hefty investment by the social media giant.The Series H funding round for Cred is valued at $900 million, placing the startup at a $4.5 billion valuation. This transaction includes both primary and secondary share purchases.Leadership Changes and Business Scale of Cred Founder Kunal Shah will transition from his operating role to join Meta's global leadership...