Markets

Central Bank of India Appoints Director as Government Nominee Amid Board Composition Change Central Bank of India has announced a change in its Board of Directors following the appointment of Shri Chandradeep Kumar Jha as a nominee director by the Central Government. The appointment is effective immediately and continues until further orders, succeeding Shri Baldeo Purushartha.The details concerning this board appointment are summarized below:ParticularsDetailsName of DirectorShri Chandradeep Kumar JhaReason for ChangeAppointed as Government Nominee Director of BankDate/Term of AppointmentFrom 19 June, 2026 till further ordersProfile and Expertise of New Director Shri Chandradeep Kumar Jha has been appointed to the...

NB Footwear Limited Board Approves Shifts for Registered and Corporate Offices A meeting of the Board of Directors of NB Footwear Ltd held on Saturday, June 20, 2026, approved several key decisions regarding the company’s operational infrastructure, including potential shifts in its registered and corporate offices.During the board meeting at the Company's Registered Office, the directors considered and sanctioned the relocation of the company's registered office. The proposal includes shifting the location from Chennai, Tamil Nadu, to Noida, with this change remaining subject to necessary shareholder and statutory approvals.Further decisions addressed the physical relocation of the existing registered office structure. The Board...

Oswal Pumps Ltd Accepts Resignation of Chief Financial Officer Oswal Pumps Limited has accepted the resignation of Mr. Subodh Kumar from his role as Chief Financial Officer and Key Managerial Personnel. The Board of Directors confirmed the acceptance of the resignation, effective close of business hours on June 20, 2026.The company stated that Mr. Kumar tendered his resignation on May 27, 2026. According to the details provided by the company, the decision was personal, allowing him to pursue professional opportunities outside Oswal Pumps Limited.Mr. Subodh Kumar held the position of Chief Financial Officer and Key Managerial Personnel at the company. He committed to ensuring a smooth transition of his responsibilities during his...

Refex Industries Secures Order from Maharatna Company for Pond Ash Transportation Refex Industries Limited (RIL) has secured a significant order from a Maharatna Company concerning the transportation of pond ash destined for NHAI road projects. The contract, valued at approximately INR29.34 Crore, is set to be executed over a 12-month period.The order pertains to the supply of services involving the movement of pond ash to specified NHAI road projects by the Maharatna CPSE. This transaction, which was awarded by a domestic entity, confirms RIL's capability in material transportation and service delivery within infrastructure development.Key details regarding the contract include:DetailDescriptionEntity Awarding OrderMajor...

Power Mech Projects Limited Appoints Vasundhara Sinha as Independent Director The Board of Directors of Power Mech Projects Limited has approved the appointment of Mrs. Vasundhara Sinha as an Additional Non-Executive Independent Director. The decision followed a recommendation from the company's Nomination and Remuneration Committee, and the appointment was formalized on June 20, 2026.Mrs. Vasundhara Sinha will hold the position starting from June 20, 2026, for an initial term of two years, pending shareholder approval. She has been appointed as an Additional Director in the Independent category.The appointment is based on her extensive background and expertise across administrative, financial, and regulatory domains. Mrs. Sinha is...

Gayatri Rubbers Secures ₹4.53 Crore Dual Order from Indian Railways Gayatri Rubbers and Chemicals Limited (GRCL), a specialized manufacturer of rubber components, has secured two distinct purchase orders from Indian Railways valued at ₹4,52,75,678.42. The contracts involve the manufacture and supply of specialized 'Rubber with Metal' components critical for railway operations.The order completion timeline is set for May 28, 2027, with deliveries scheduled in equal installments. This contract provides significant execution visibility to GRCL over the next eleven months, building upon its Total Income of ₹41.82 crore recorded in the financial year ended March 31, 2026.The procurement of these specialized components strengthens GRCL's...

Dr Trust 360 Crosses 2.4 Million Users Following Launch of Advanced AI Health Analytics Suite Nureca Limited, the parent company behind the leading home healthcare brand Dr Trust, has announced that its connected health platform, Dr Trust 360, has surpassed 2.4 million registered users. This significant milestone reflects the increasing demand for tools helping consumers understand and manage their health through home-based monitoring.Nureca Limited recently launched Dr Trust Intelligence, an advanced AI-powered analytics suite integrated within the Dr Trust 360 app. The new intelligence goes beyond displaying raw biometric readings by interpreting body-composition data in understandable language. It aids users in identifying...

Cranex Ltd secures fresh orders worth Rs 18.5 crore, order book crosses ₹100 Crores Cranex Ltd has received new orders amounting to approximately Rs 18,52,38,040/- for the manufacturing and supply of various EOT Cranes and related products. These significant contracts include orders from BHEL and Indian Railways for workshop infrastructure projects.The receipt of these fresh business adds to a strong existing portfolio. The Company's total order book has now surpassed Rs 100 Crores. Furthermore, the company maintains ongoing contracts with BEML covering railway projects, including work related to the Vande Bharat programme, as well as orders pertaining to defence sector projects across India.The newly secured and existing orders are...

Market Conditions Cited as Cause for Powerica Stock Price Movement Powerica Ltd has issued a clarification regarding the significant movement observed in its share price, responding to inquiries from stock exchanges.The company stated that the recent price volatility is purely attributable to prevailing market conditions and is entirely market driven. Powerica management asserted that neither the company nor its personnel have any control over nor knowledge of the specific reasons for the significant changes in the stock's movement.In providing clarification, the company affirmed its commitment to continuous transparency, stating that it has made and will continue to make all relevant disclosures pertaining to the operation and...

Directors Resign from Switching Technologies Gunther Ltd; Changes Reported Switching Technologies Gunther Ltd confirmed the resignations of three directors, including a Managing Director and two others who cited personal reasons for stepping down. The company is scheduled to hold a board meeting on June 27, 2026, to address these changes.The resignations, effective as of June 20, 2026, concern Mr. C. Chandrachudan, Mr. K. Mani, and Mrs. Saimathy Soupramanien.As per the detailed disclosures, the specific circumstances for each executive are outlined below:DirectorPosition ResignedReason for ChangeMr. C. ChandrachudanManaging DirectorHe resigned but consented to continue as a Director of the Company.Mr. K. ManiExecutive...

Chambal Breweries and Distilleries Ltd Schedules Board Meeting to Approve May 2026 Financials Chambal Breweries & Distilleries Ltd has scheduled a meeting of its Board of Directors to review and approve the company's financial performance. The meeting is set for Wednesday, June 24, 2026.The primary agenda item for the board meeting is to consider and formally approve the audited financial results of the Company for May 2026. This meeting will allow the directors to review the key financial outcomes achieved during that period.Stock Price Movement Chambal Breweries & Distilleries Ltd shares closed lower on Friday, settling at ₹22.47 after dipping 1.96%. The stock moved within an intraday range established by a high of ₹23.05 and a...

RBI Penalizes Can Fin Homes Limited Over Non-Compliance in Borrower Installment Statements The Reserve Bank of India (RBI) has imposed a monetary penalty on Can Fin Homes Limited for non-compliance with specific directions related to its 'Fair Practices Code'. The penalty was levied following violations concerning the bifurcation of interest and principal components in borrower installment statements.In exercising powers conferred under Section 52A of the National Housing Bank Act, 1987, the RBI imposed a fine of Rs. 2,70,000/- on Can Fin Homes Limited. The penalty related to non-compliance with certain provisions of the directions issued by the RBI concerning the Fair Practices Code.The specific area of concern was the failure to...

Panasonic Energy India Approves Financial Results, Recommends Dividend Amid Audit Qualification Panasonic Energy India Company Ltd. announced key outcomes from its Board of Directors meeting held on May 29, 2026. The company approved its Standalone Audited Financial Results for the quarter and year ended March 31, 2026. Furthermore, the Board recommended a dividend to shareholders following the review of the financial performance.The statutory auditors issued a Modified Report on the audited results, citing challenges related to compliance with environmental regulations as the basis for the qualified opinion.Financial Performance Highlights The comprehensive financial statements, which include both the Statement of Audited Financial...

Creative Eye Ltd Reappoints M/s. N.V. Pechetti & Co. as Internal Auditors for FY 2026-27 Creative Eye Ltd has confirmed the re-appointment of M/s. N.V. Pechetti & Co. as its internal auditors for the financial year (FY) 2026-27, following a Board meeting held on June 20, 2026. The decision extended the engagement with the firm that had previously served the company during FY 2025-26.The appointment of M/s. N.V. Pechetti & Co.—a professional firm specializing in audit and assurance services—was approved by the Board of Directors at the registered office of Creative Eye Ltd. The company’s internal auditors are responsible for various compliance and governance aspects within the organization.M/s. N.V. Pechetti & Co., Chartered...

Global Markets Surge on US-Iran Ceasefire Rumours: Can the Fragile Peace Hold Against Tech Bubble Fears? Global financial markets experienced a sharp rally this week following reports of a ceasefire agreement between the United States and Iran. The news eased fears of escalating regional conflict, leading to an immediate decline in oil prices and triggering optimism across global indices. However, serious scrutiny remains regarding the sustainability of the deal, with expert reports cautioning that significant uncertainty persists over its longevity.Implications of the Reported Ceasefire Deal A report from Jefferies details the reported agreement, which appears to grant substantial concessions to Iran. These reportedly include the...

Brooks Laboratories Sells 16.33% Stake in Brooks Steriscience Limited for ₹106 Crore Brooks Laboratories Limited has completed a partial sale of equity shares held in Brooks Steriscience Limited, monetizing part of its investment in the company. The transaction was approved by the Board of Directors on June 19, 2026.The Company sold 51,220 Equity Shares held in Brooks Steriscience Limited to Steriscience Specialties Private Limited. The sale was executed for a cash consideration of ₹20,760 per share, amounting to an aggregate value of ₹106,33,27,200.The transaction marks a partial monetization of the Company's investment and does not constitute complete divestment. Following the disposal, Brooks Laboratories Limited will continue to...

N.V. Pechetti & Co. Reappointed as Internal Auditors for Creative Eye Limited for FY 2026-27 Creative Eye Limited has confirmed the re-appointment of M/s. N.V. Pechetti & Co. as its internal auditors for the financial year 2026-27. This decision was made following a meeting of the Board of Directors held on June 20, 2026.M/s. N.V. Pechetti & Co., Chartered Accountants (FRN: 135139W), will serve as the internal auditors for Creative Eye Limited for FY 2026-27. The firm had previously served in this capacity during FY 2025-26.The appointment extends the relationship between the Board of Directors and M/s. N.V. Pechetti & Co. These arrangements will be finalized on such terms and conditions, including remuneration, as may be mutually...

Vellora Impact Limited Appoints Ms. Priya Tomar as Additional Director; Records Resignation of Mr. Kalpesh Kamani Vellora Impact Limited, formerly known as Pratiksha Chemicals Limited, has made changes in its directorship structure, announcing the appointment of Ms. Priya Nitinkumar Tomar and recording the resignation of Mr. Kalpesh Kamani. The Board of Directors approved these changes during a meeting held on May 1, 2026.Ms. Priya Nitinkumar Tomar was appointed as an Additional Non-Executive Non-Independent Director, effective from May 1, 2026. Ms. Tomar's professional profile includes a strong academic background in commerce and business management, with specialization in finance. She has experience in financial management...

Puravankara Ltd Provides Corporate Guarantee worth Rs 25 Crores to Subsidiary for Credit Enhancement Puravankara Limited has provided an additional Corporate Guarantee, amounting to Rs 25,00,00,000/-, in favour of Axis Bank Limited. This guarantee is extended to Starworth Infrastructure & Construction Limited, the wholly owned subsidiary of Puravankara Ltd.The corporate guarantee supports the enhancement of credit facilities for Starworth Infrastructure & Construction Limited. The funds secured through this facility are intended for the purchase of construction equipment and materials by the subsidiary.As per disclosures regarding the transaction, promoter or promoter group companies hold no interest in this arrangement, with...

JSW Energy Limited Schedules NCLT Meetings for Shareholders and Creditors on July 20, 2026 JSW Energy Limited announced upcoming National Company Law Tribunal (NCLT) convened meetings scheduled for its Equity Shareholders and Unsecured Creditors. The meetings are set to address the proposed scheme of arrangement between JSW Energy Limited and GE Power India Limited ("Demerged Company").The meetings are mandated under Sections 230 to 232 of the Companies Act, 2013, following a directive from the National Company Law Tribunal, Mumbai Bench, dated June 2, 2026.Meeting Schedule and Key Dates The company has set aside two separate meetings for Monday, July 20, 2026: one for Equity Shareholders and another for Unsecured Creditors...