Markets

Persistent Systems Wins CII Award for Excellence in Disability Inclusion 2026 Persistent Systems Limited has been recognized as the winner of the prestigious CII Award for Excellence in Disability Inclusion 2026, securing the 'Best Employer - Physical Accessibility' category. The recognition highlights the company's comprehensive strategy for embedding accessibility across its digital platforms, workplaces, and talent programs through strong governance, leadership accountability, and adherence to global accessibility standards.The Confederation of Indian Industry (CII) jury commended Persistent’s holistic approach to accessibility, which was validated through independent audits. While the award centered on the company's Pune facility...

Party Cruisers Approves Rights Issue to Raise Up To ₹24 Crores through Equity Shares Party Cruisers Limited announced that its Board of Directors has approved a strategic rights issue aimed at raising up to ₹24 crores. The decision was made during a Board meeting held on June 19, 2026, authorizing the company to raise funds by issuing and allotting equity shares to eligible shareholders.The approval covers the issuance of equity shares having a face value of ₹10 each. The rights issue is set to provide capital for the company up to an aggregate amount not exceeding ₹24 Crores. The terms regarding the Rights Issue, including the share price, the record date, and payment terms, will be determined later by the designated Right Issue...

Lesha Industries Ltd Appoints Priyanshi Sharma as Company Secretary and Compliance Officer Lesha Industries Ltd has approved the appointment of Ms. Priyanshi Sharma as the Company Secretary & Compliance Officer, effective from June 19, 2026. The Board of Directors confirmed the appointment based on recommendations from the Nomination and Remuneration Committee during a meeting held on June 19, 2026.Ms. Sharma will serve in this capacity, with Ms. Priyanshi Sharma also being appointed as Key Managerial Personnel under relevant provisions of the Companies Act, 2013, and SEBI Listing Regulations.Profile Details The company confirmed that Ms. Priyanshi Sharma holds the following qualifications and experience:ParticularsDetails...

Patanjali Foods Invests Further in Wholly Owned Subsidiary for Agricultural Advancement Patanjali Foods Limited has made a further investment into Contemporary Agro Private Limited (CAPL), its wholly owned subsidiary. The investment, structured through a rights issue, involves subscribing 50,00,000 Zero Percent Redeemable Preference Shares of Rs. 10/- each.The company committed INR 5,00,00,000 to the subscription of these shares. This transaction means there will be no change in Patanjali Foods Limited’s shareholding percentage in CAPL, as it remains a wholly owned subsidiary (WOS).Contemporary Agro Private Limited operates in the agricultural and allied activities sector. The company is engaged in improving various types of farming...

Promoter Plans Open Market Sale of 30 Lakh Shares to Achieve Minimum Public Shareholding Twamev Construction And Infrastructure Ltd has announced that one of its promoters intends to sell a portion of the company's equity shares through the open market. The sale is aimed at fulfilling the regulatory requirements for Minimum Public Shareholding (MPS).The proposed divestment involves Mr. Ravi Todi, a promoter of Twamev Construction And Infrastructure Limited. He plans to sell an aggregate of 30,00,000 equity shares, which represent approximately 1.94% of the total paid-up equity share capital of the company.The open market sale of these Equity Shares, each having a face value of Re. 1/-, is scheduled to commence on Monday, June 22...

Twamev Construction Clarifies Media Reports, Assures Stakeholders Following Resolution Plan Implementation Twamev Construction and Infrastructure Limited has issued a clarification addressing media reports concerning alleged actions involving erstwhile Promoters and Directors associated with the company prior to its transformation under an approved Insolvency and Bankruptcy Code 2016 (IBC) Resolution Plan.The company stated that, following the successful acquisition by the Resolution Applicant through the IBC process, there has been a complete change in the ownership, management, and control of Twamev Construction. The name, Board of Directors, and overall management have since been reconstituted in compliance with all applicable laws...

Novelis Inc., Wholly Owned Subsidiary of Hindalco Industries, Enters Material Definitive Agreement Novelis Inc., a wholly owned subsidiary of Hindalco Industries Limited, has announced its entry into a Material Definitive Agreement.The update details the strategic action taken by the company in relation to its financing structures and obligations. Novelis has also filed Form 8-K regarding an amendment to its Second Amended and Restated Credit Agreement.HINDALCO Stock Price Movement Hindalco Industries Limited shares are easing slightly as of 1:34 PM, slipping 0.05% to trade at ₹1008, following the previous closing price. The equity has seen active trading today, with a volume of 1.96 million shares and an intraday range spanning...

Sterling Holiday Resorts Secures 28 Travellers' Choice Honours; Kanha Wins Best of the Best for Fourth Consecutive Year Sterling Holiday Resorts has garnered significant recognition at the Tripadvisor Travellers' Choice Awards 2026, with a total of 28 resorts earning Travellers' Choice honours. Furthermore, Sterling Kanha achieved the prestigious Travellers' Choice Best of the Best Award for the fourth consecutive year.The award-winning resorts represent approximately 49% of Sterling’s eligible resort portfolio, defined as properties that have completed at least one full year of operations. This extensive recognition underscores a strong portfolio-level endorsement of Sterling's guest experience across various leisure, wildlife...

InfoBeans Technologies Wins 'Best Employer Brand' for Eighth Time, Secures 'Best CSR Practices' Award InfoBeans Technologies Limited, a global AI-led software engineering firm, has received recognition at the Madhya Pradesh Leadership Awards after achieving two significant honors. The company was recognized as 'Best Employer Brand' by World HRD Congress and also secured the award for 'Best CSR Practices.'The recognition of InfoBeans as the 'Best Employer Brand' by World HRD Congress marks a notable achievement, being the eighth consecutive time the company has received this distinction. This success is noted as a testament to the culture, trust, and belonging fostered daily by its workforce.In addition to the employer brand...

Bombay Dyeing Receives GST Order for Infrastructure Charges, Quantum Reaching Over 6 Crore Bombay Dyeing & Mfg Company Limited has received an order from the Deputy Commissioner of State Tax, Appeal, concerning a demand related to Goods and Services Tax (GST) on infrastructure charges. The order pertains to financial transactions involving the sale of flats during the Financial Year 2018-19.The company received the official order via system generated email on June 18, 2026. The action taken by the GST Authority under Section 107 of the MGST ACT 2017 has quantified a significant tax demand along with interest and penalty.Details regarding the demand are provided in the following table:ParticularsDetailsAuthority Issuing...

Alembic Pharmaceuticals Secures USFDA Tentative Approval for Binimetinib Tablets, 45 mg Alembic Pharmaceuticals Limited has received tentative approval from the U.S. Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) covering Binimetinib Tablets, 45 mg. This development follows a previous tentative approval obtained for Binimetinib Tablets, 15mg.The approved ANDA is noted to be therapeutically equivalent to the reference listed drug product (RLD), Mektovi Tablets, 15 mg of Array. Kinase inhibitor Binimetinib is indicated in combination with encorafenib for treating patients with unresectable or metastatic melanoma exhibiting a BRAF V600E or V600K mutation. Furthermore, it is indicated in combination...

Remsons Industries Ltd Announces Resignation of Chief Executive Officer Amit Srivastava Remsons Industries Ltd has announced that Mr. Amit Srivastava, its Group Chief Executive Officer, has resigned from his position at the company. The departure comes as Mr. Srivastava tenders his resignation in order to pursue new professional opportunities.The resignation was tendered on June 18, 2026. As per the terms of his employment letter, Mr. Srivastava is committed to serving a notice period of 90 days, commencing from the date of his resignation letter. His resignation will become effective upon the completion of this notice period or on such other date as may be mutually agreed between Remsons Industries Limited and Mr. Amit Srivastava...

AAA Technologies Ltd Appoints Ashok Kumar Chordia and Santosh Kumar Pandey as New Directors AAA Technologies Limited has announced two key appointments following its Board of Directors meeting held on June 19, 2026. The company approved the appointment of Mr. Ashok Kumar Chordia as an Additional Director and Mr. Santosh Kumar Pandey as an Additional and Whole-time Executive Director. Both appointments are subject to the formal approval of the Members of the Company.Mr. Ashok Kumar Chordia was appointed as a Non-Executive Director, effective from June 19, 2026. Mr. Chordia is noted as a Chartered Accountant and a seasoned corporate finance professional. His experience includes association with Mentor Capital Services Private Limited...

Source Natural Foods Establishes Wholly-Owned Subsidiary to Drive Renewable Energy Land Development Source Natural Foods and Herbal Supplements Limited has incorporated a wholly-owned subsidiary, Source Natural Estates Private Limited, aimed at the development and management of land for various green energy projects. The incorporation occurred on June 18, 2026.The new entity is designated to acquire land and other immovable property rights through the purpose of developing and managing it. These lands will be used to support initiatives that relate to solar and other renewable energy generation projects, energy storage systems, electric vehicle charging infrastructure, green energy-related facilities, wastewater treatment, solid waste...

Gandhar Oil Refinery States No Material News Driving Increase in Trading Volume Gandhar Oil Refinery (India) Ltd has addressed concerns raised regarding the recent increase in trading volume of its securities across exchanges. The company confirmed that there is no material information or impending announcement that would impact the price or volume behavior of its stock scrip, according to the refinery’s management.In response to queries seeking clarification on the rising trading activity, Gandhar Oil Refinery stated that it has made all necessary disclosures. The company emphasized that there is no undisclosed material event that could affect the market performance of its Equity shares.The refined oil firm believes the significant...

Hindalco Commissions Aluminium Bicycle Components Manufacturing Facility in Pune Hindalco Industries Limited has commissioned a new aluminium bicycle component manufacturing facility located in Chakan, Pune, Maharashtra. The commissioning marks a strategic move by the company into value-added mobility products, significantly expanding its portfolio within the aluminium industry.The facility is designed to manufacture various high-specification aluminium bicycle components for supply both to domestic and international clients. These components include frames, rigid forks, handlebars, and wheel rims.Equipped with advanced manufacturing and finishing capabilities, the new plant possesses a substantial annual production capacity across...

Emirates NBD Bank's Open Offer in RBL Bank Transaction Concludes; Shares Acquired via Preferential Issue Emirates NBD Bank (P.J.S.C.), through its management, has finalized details regarding the Post-Offer Advertisement concerning the open offer for acquiring equity shares of RBL Bank Limited. The offer sought to purchase up to 415,586,443 fully paid-up equity shares from public shareholders of the Target Company.The Open Offer, which ran from June 1, 2026, to June 12, 2026, set an offer price for the Equity Shares at INR 282.38 per share. This aggregated amount comprises an Offer Price of INR 280.00 and Applicable Interest of INR 2.38 per Equity Share. The maximum aggregate consideration for these shares amounted to INR...

DCM Shriram Ltd Boosts Investment to Secure Over 108 MW of Renewable Power for Bharuch Plant DCM Shriram Ltd has announced an increased commitment to its renewable energy strategy, approving additional equity investment to expand the green power capacity available at its Bharuch Plant. The Board meeting held on June 19, 2026, formalized the latest stage of this initiative, significantly boosting the plant's sustainable power generation capabilities.The company has a history of securing external funding for renewable energy at the site. Earlier, the Board of Directors had approved an equity investment of up to Rs 87 crores in one or more tranches. This initial commitment was aimed at acquiring a minimum 26% equity stake in specialized...

Krishna Capital and Securities Ltd Approves Reappointment of Independent Director Mrs. Meenu Maheshwari Krishna Capital and Securities Ltd has announced a significant update regarding its board composition, confirming the re-appointment of Mrs. Meenu Maheshwari as a Non-Executive Independent Director. The decision was ratified by the company's Board of Directors during a meeting held on June 19, 2026.The Board approved the extension of Mrs. Meenu Maheshwari’s service in her capacity as an independent director for a second five year term.Effective from June 21, 2026, to June 20, 2031, Mrs. Maheshwari will continue serving on the board. The re-appointment remains subject to subsequent shareholder approval.The meeting of the Board of...

Emirates NBD Bank Completes Acquisition of Control in RBL Bank Limited Emirates NBD Bank (P.J.S.C.), referred to as the Acquirer, has been reported as having acquired control over RBL Bank Limited following a multi-stage transaction involving both an Open Offer and a Preferential Issue. The Post-Offer Advertisement detailed several key aspects of this acquisition concerning the Target Company's shareholding structure.The Open Offer was designed by Emirates NBD Bank to acquire up to 415,586,443 fully paid-up equity shares from the public shareholders of RBL Bank Limited. The offer represented 26.00% of the Expanded Voting Share Capital and was set at a price of INR 282.38 per Equity Share. This offer comprised an Offer Price of INR...