Markets

Tirupati Innovar Ltd Approves Share Split and Bonus Issue, Records Key Director Resignations Tirupati Innovar Limited (formerly Tirupati Tyres Limited) announced several major corporate decisions following a Board of Directors meeting held on June 19, 2026. The outcomes include the approval of a share split and a bonus issue, alongside accepting the resignations of senior management personnel and a director.The company approved the sub-division (split) of its existing equity shares in the ratio of 1:10. This means that one Equity Share with a face value of Rs. 10.00/- will be split into ten Equity Shares, each with a face value of Rs. 1/-. The stock split is intended to enhance market liquidity and make the company's shares more...

Thiru R Kannan Appointed as Director at Tamil Nadu Newsprint and Papers Limited Tamil Nadu Newsprint & Papers Limited (TNPL) has appointed Thiru R Kannan, I.A.S., Commissioner of Sugar, as a Director on its Board. This appointment was approved by the company's Board of Directors.Thiru R Kannan assumed the role of Additional Director in the company with effect from June 8, 2026. The Government of Tamil Nadu nominated him for this position as the Commissioner of Sugar, replacing Thiru T Anbalagan, I.A.S., who held the post of Director of Sugar.The appointment details and qualifications of Thiru R Kannan are provided below:DetailInformationNameTHIRU R. KANNAN, I.A.S.Age & Date of Birth53 years (Born 1972)Educational...

Saj Hotels Limited Discontinues Voluntary Quarterly Financial Results Submissions Saj Hotels Limited has announced that it is discontinuing the practice of voluntarily submitting quarterly financial results. This decision was approved by the Company’s Board of Directors during a meeting held on May 05, 2026.Going forward, the company will adjust its reporting cycle and commit to submitting financial results only on a half-yearly basis.The management stated that while changing the voluntary submission schedule, Saj Hotels Limited remains committed to fulfilling all mandatory listing obligations applicable to SME listed entities. The Company affirmed that it will continue making all necessary disclosures as required.SAJHOTELS Stock...

Anuh Pharma Limited Faces Tax Demand Order from Income Tax Department Anuh Pharma Limited has received a tax demand and penalty order from the Income Tax Department concerning its Scrutiny Assessment for Assessment Year 2020-21. The order, which was received on June 18, 2026, relates to disallowances of certain deductions claimed under various provisions of the Income Tax Act, leading to a significant financial impact.The assessment resulted in a Penalty Order under section 270A from the Income Tax Department, Assessment Unit. The total quantifiable monetary impact on the company stands at Rs. 17,46,026/-, which includes the penalty specified under section 270A(9) read with section 270A(8) of the Income Tax Act.Key details regarding...

GRM Overseas Shares Surge as Promoter Acquires Stake, defying Broader Market Decline Shares of the smallcap FMCG and agri-business firm, GRM Overseas, posted a marginal gain on Friday. The stock advanced after the company disclosed that a member of its promoter group had increased his stake through an open-market purchase, lending stability to the equity despite market weakness.The stock settled at Rs 93.89 apiece on the NSE, marking a rise of 0.66 per cent. This gain highlighted the positive response to insider activity in the smallcap sector.Promoter Group Boosts Stake in GRM Overseas GRM Overseas filed a regulatory update with the BSE and NSE confirming the transaction. The company stated that Atul Garg, who is part of the...

Satin Creditcare Network Ltd Enters Kerala, Announces Expansion in South India Satin Creditcare Network Limited (SCNL), a prominent microfinance institution in India, has expanded its footprint by commencing operations in Kerala. The company announced the launch of branches and the establishment of a Circle Office in the state, marking a significant milestone in its growth across Southern India.The company inaugurated facilities in Aroor and Cherthala within the Alappuzha district, signaling its initial entry into Kerala. Furthermore, a dedicated Circle Office was established in Kochi to serve as the operational and administrative hub for all activities in the state.This expansion solidifies SCNL's strengthening presence across...

Rupee Climbs Moderately as Market Sentiment Weighs Down Equity Markets Despite Trade Optimism The rupee concluded a mixed trading session Friday, gaining marginally against the US dollar despite strong equity market sell-offs and concerns over global peace talks. The currency settled at 94.34 (provisional), edging up by 6 paise against the dollar.Forex traders noted that initial optimism regarding potential trade momentum between India and the US boosted the rupee's opening performance. This positivity was, however, overshadowed by a firming Dollar Index and rising crude oil prices, which pressured overall investor sentiment across markets.Rupee Performance Against USD Amid Geopolitical Uncertainty The currency traded in a tight...

Innomet Advanced Materials Receives International Purchase Order Valued at USD 1,40,150 Innomet Advanced Materials Limited has secured a significant international contract, having received a Purchase Order from Scope Metals Group Ltd of Israel. The order amounts to a total consideration of USD 1,40,150 and pertains to the THA division of the company.The transaction involves an overseas entity placing a purchase order for Innomet Advanced Materials Limited. This placement falls under international trade, as specified in the details provided with the contract award.Key details regarding the purchase order are outlined below:ParticularsDetailsName of the ClientScope Metals Group Ltd, an Israel based companyTotal...

India's Forex Reserves Plummet as Gold Value Declines; RBI Reveals ₹671 Billion Mark Decline of Forex Reserves Amid Slump in Gold Holdings The Reserve Bank of India (RBI) reported on Friday that India's foreign exchange reserves have declined by $9.985 billion, settling at $671.625 billion for the week ending June 12. This drop is primarily attributed to a sharp decline in gold reserves.In the preceding reporting week, the overall reserve figure had witnessed a decrease of $711 million, reaching $681.610 billion. The data released by the RBI provides a granular look into the components driving these movements.Foreign Currency Assets See Modest Increase A positive component of the reserves was seen in foreign currency assets. These...

GVP Infotech Approves First and Final Call for Partly Paid-Up Equity Shares GVP Infotech Limited has approved the first and final call pertaining to its outstanding partly paid-up equity shares, as decided by its Board of Directors during a meeting held on June 19, 2026. The decision addresses the 2,11,72,007 Rights Equity Shares that were allotted on July 30, 2025.The Board approved the collection of Rs. 5.00 per rights equity share through this first and final call. This amount comprises Re. 1.00 towards the company's face value and Rs. 4.00 directed toward the securities premium. These shares are part of the offering made following a Letter of Offer (LOF) dated July 1, 2025.The payment schedule for this call is set between...

Jio Platforms Files Draft Red Herring Prospectus for Proposed Initial Public Offer Jio Platforms Limited has filed the Draft Red Herring Prospectus (DRHP) concerning its proposed Initial Public Offering (IPO). The filing was completed on June 19, 2026, with regulatory bodies governing stock exchanges in India.The DRHP details the company's intended IPO and submission to both BSE Limited and National Stock Exchange of India Limited. This move marks a significant step for Jio Platforms Limited as it prepares for listing.The successful execution of the Initial Public Offer remains contingent upon receiving all necessary regulatory approvals, as outlined in the prospectus documentation.RELIANCE Stock Price Movement Reliance Industries...

ABS Marine Services Secures Major Time Charter Contract for Offshore Support Vessel MV ARTEMIS ABS Marine Services Limited (formerly ABS Marine Services Private Limited) has signed a significant Time Charter Party Agreement with Hardy Exploration & Production (India) Inc. The contract involves the charter hire of the Anchor Handling Tug Supply (AHTS) vessel, MV ARTEMIS (IMO 9552264), to support petroleum operations along the east coast of India.The agreement details the service period and financial considerations for deploying the specialized offshore support vessel.The terms of the contract are as follows:ParticularsDetailsAwarding EntityHardy Exploration & Production (India) Inc., acting on behalf of itself and its joint...

Shivalic Power Control Limited Commences Operations from New Branch Office in Ranchi Shivalic Power Control Limited, formerly known as Shivalic Power Control Private Limited, has marked a significant step in its growth trajectory by officially opening a new branch office. This move underscores the company’s ongoing business expansion plans.The newly established operational base is located in Jharkhand. The company commenced operations from the new branch office situated at 803, 8th Floor, Mahabir Tower, Main Road, Ranchi, Jharkhand 834001.The opening of this facility aligns with the company's commitment to scaling its operations and meeting the demands associated with its business expansion strategy.SPCL Stock Price Movement...

Emkay Global Financial Services Receives Trading Approval for Promoter Equity Conversion Shares from NSE and BSE Emkay Global Financial Services Limited has received trading approval from the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) for equity shares allotted to Promoters of the Company following the conversion of warrants issued on a preferential basis. These securities are set to be admitted to dealings on the exchanges starting June 19, 2026.The trading approval pertains to two distinct tranches of shares, both allocated at a premium. The company's equity is now listed and admissible for transactions across both stock exchanges.Details of Securities Listing The listing details cover both the initial...

MSP Steel & Power Limited Board Approves Funds Utilization Variation Subject to Shareholder Ratification The Board of Directors of MSP Steel & Power Limited approved a proposal regarding the variation in the objects for utilizing funds raised through the Preferential Issue of Convertible Warrants. This approval is subject to being ratified by the members of the Company at an upcoming Extra Ordinary General Meeting (EGM).A decision was made during the Board meeting held on June 19, 2026. The directors approved the notice of the EGM, which is scheduled for July 14, 2026, and will be conducted via video conferencing and other audio-visual means. This EGM aims to seek shareholder approval for the variation concerning the utilization of...

HyperNext Places Order for 192 MW of Kirloskar Oil Engines Limited’s Optiprime™ Power Systems Kirloskar Oil Engines Limited (KOEL), a prominent manufacturer of power generation solutions in India, has secured a significant order from HyperNext, a company specializing in next-generation digital infrastructure. The contract involves the supply of 96 units of KOEL's 2500 kVA Optiprime™ Dual Core power systems, totaling 192 MW. This deployment represents one of the largest planned installations of high-capacity standby power systems for data centers in India.The order underscores a strong commitment to reliable and sustainable digital infrastructure as HyperNext expands its footprint in the hyperscale-ready, AI-enabled data center sector...

Jullundur Motor Agency Announces Change in Promoter Status Following Share Transmission Jullundur Motor Agency (Delhi) Limited has announced a change in its promoter status following the passing of Smt. Santosh Sondhi, a promoter of the company. The shares held by Smt. Santosh Sondhi were subsequently transmitted to her daughter and director, Smt. Shuchi Arora. As a result of this transmission, Smt. Santosh Sondhi has ceased to be a Promoter of the Company.The agency provided an updated list detailing the members of the Promoter Group subsequent to the shareholding transmission. The company's promoter group includes several key individuals and entities holding various categories of shares.S. No.Name of the Promoters and member of...

BCPL Railway Infrastructure Secures Contract Worth Rs 46.18 Million for Eastern Railway Platform Extension Kolkata, June 19, 2026: BCPL Railway Infrastructure Limited has secured a contract worth Rs 46.18 million from Eastern Railway. The order involves the Design, Drawing, Supply and Erection of 25 KV OHE (Overhead Equipment) and allied electrical works, along with modification works for affected OHE in connection with the 'Extension of Platform at DEB, BEB, BPC, BP & NH of Sealdah Division.'The project was awarded on June 18, 2026. The contract details specify that the company will complete all work within a period of 12 months from the date of the Letter of Acceptance. This engagement falls within BCPL's ordinary course of business...

Promoter Smt. Shuchi Arora Acquires Shares of Jullundur Motor Agency Through Transmission Smt. Shuchi Arora, a promoter, has acquired shares in Jullundur Motor Agency (Delhi) Limited following the transmission of shareholding from her late father, Santosh Sondhi. This acquisition increases her stake in the company.The transaction involves the transfer of shares via transmission as part of the estate settlement following the passing of Late Santosh Sondhi, who was a Promoter of Jullundur Motor Agency (Delhi) Limited. Smt. Shuchi Arora made the acquisition in her capacity as the only daughter and successor. The transaction details indicate that Smt. Shuchi Arora is exempt from open offer requirements under Regulation 10(1)(g) of the...

Ministry of Defence Conveys Approval for Shailesh Vagerwal as CMD of Bharat Dynamics Limited The Government of India's Ministry of Defence has conveyed approval for the appointment of Shri Shailesh Vagerwal as Chairman & Managing Director (CMD) of Bharat Dynamics Limited (BDL).The order, which was issued by the Ministry of Defence, Department of Defence Production on June 18, 2026, grants the appointment to Shri Shailesh Vagerwal. The position is set to be held until his superannuation or until further orders are issued, whichever occurs earlier.Shri Shailesh Vagerwal will serve as CMD from the date he assumes charge of the post. BDL received this intimation regarding the appointment on June 19, 2026.The approval for the...