Markets

Kirloskar Group Updates: Subsidiary Intimation and Investor Meeting Details Released Kirloskar Ferrous Industries Limited (KFIL) provided an investor update detailing a meeting held with a financial institution, while Kirloskar Industries Ltd addressed matters related to its material subsidiary.Regarding corporate interactions, the management of Kirloskar Ferrous Industries Limited reported holding a one on one meeting with representatives from Molecule Ventures. The interaction took place on Thursday, 18 June 2026. During the discussion, the operational overview of the company was reviewed by the representatives. It was stated that no unpublished price sensitive information was discussed during this engagement.Kirloskar Industries...

Regency Fincorp Ltd Allots 15,00,00,000 in NCDs Through Private Placement Regency Fincorp Limited has announced the successful allotment of 13% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) aggregating to INR 15,00,00,000. The issuance was conducted through a private placement mechanism and concluded on June 19, 2026.The Allotment Committee of the company approved the allotment following its meeting held on Friday, June 19, 2026. A total of 15,000 Non-Convertible Debentures were allotted for the specified amount, with a face value of INR 10,000 each. The NCDs are listed on the BSE Limited and feature a tenor of 30 months.The two identified investors who received the debentures in this private placement include...

DMR Engineering Ltd Establishes Subsidiary in Bhutan for Regional Expansion DMR Engineering Limited has formed a new entity, DMR Services Private Limited, in Thimphu, Bhutan. The move establishes a subsidiary aimed at providing engineering and technical consultancy services within the region, aligning with the company’s primary line of business.The incorporation of DMR Services Private Limited has resulted in it becoming a subsidiary of DMR Engineering Limited, which holds a 70% shareholding in the new entity.DMR Engineering Limited subscribed to shares of DMR Services for cash consideration to formalize this relationship and expand its operational footprint into Bhutan. The company acquired 1,75,000 shares of DMR Services, each...

Director of Hemadri Cements (In Voluntary Liquidation) Passes Away Hemadri Cements Ltd, which is in voluntary liquidation effective from July 14, 2025, confirmed the sad demise of one of its directors, Mr. Gopalsamy Rajan.The company announced that Mr. Gopalsamy Rajan passed away on June 18, 2026. He had been associated with Hemadri Cements since 2021 and was noted for his significant contributions to the growth and development of the organization. The Board of Directors expressed its deep sorrow and conveyed heartfelt condolences to the affected family.The passing of Mr. Rajan marks a loss for the company, which is operating in voluntary liquidation status. Sivasamy Raju, a director of Hemadri Cements (In Voluntary Liquidation)...

Krishna Capital and Securities Ltd Approves Re-Appointment of Mrs. Meenu Maheshwari as Non-Executive Independent Director Krishna Capital and Securities Ltd has approved the re-appointment of Mrs. Meenu Maheshwari as a Non-Executive Independent Director for its Board of Directors. The decision was made during a meeting held on June 19, 2026.Mrs. Meenu Maheshwari (DIN 07113136) has been approved for the second term as a Non-Executive Independent Director. Her appointment is set to begin from June 21, 2026, and span five years, concluding on June 20, 2031. The re-appointment is subject to approval by the company's shareholders at the forthcoming Annual General Meeting.Profile and Experience of Director Mrs. Maheshwari is noted as a...

Southern Magnesium & Chemicals Ltd Receives GST Demand Notice of INR 30,32,204/- Southern Magnesium & Chemicals Ltd has received a demand notice related to Goods and Service Tax (GST), concerning an alleged short payment of output tax for the period spanning April 2025 to February 2026. The total demand amount amounts to INR 30,32,204/- (Rupees Thirty Lakhs Thirty Two Thousand Two Hundred and Four only).The notice was received on June 12, 2026, from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division.According to details provided by the company, the demand pertains to alleged short payment of output tax during the specified period. Southern Magnesium & Chemicals Ltd stated that it possesses a strong...

DMR Engineering Ltd Incorporates Subsidiary in Bhutan to Expand Services DMR Engineering Limited has expanded its international footprint by establishing a subsidiary company in Thimphu, Bhutan. The new entity, DMR Services Private Limited, has been incorporated under the Corporate Regulatory Authority of Bhutan, with DMR Engineering Limited taking a controlling stake through the acquisition process.DMR Services Private Limited is focused on providing engineering and technical consultancy services. This move is intended to allow DMR Engineering Limited to expand its business operations by offering such services within the Bhutanese market, which aligns with the parent company's core business.The Company subscribed 1,75,000 shares of...

Butterfly Gandhimathi Appliances Wins Golden Peacock Eco-Innovation Award for Renz 3B Cooktop Butterfly Gandhimathi Appliances Limited has been honored with the prestigious 'Golden Peacock Eco-Innovation Award' for 2026. The recognition was conferred upon the company for its product, the RENZ 3B COOKTOP, highlighting a commitment to sustainability and excellence in appliances manufacturing.The award recognizes Butterfly’s dedication to environmentally responsible products. Furthermore, the company has been certified for meeting the rigorous standards and evaluation benchmarks set by the 'Golden Peacock Excellence Model'.This significant achievement underscores Butterfly Gandhimathi Appliances Limited's focus on sustainable practices...

Puravankara Ltd Secures RERA Registration for 'Miami By Purva' Project Puravankara Limited has successfully received registration from the Maharashtra Real Estate Regulatory Authority (RERA) for its new development project, 'Miami By Purva'. This registration allows the company to proceed with the official launch of the project.The residential project is located at C S No. 6 & 7/697 in Mumbai City and carries Registration No. PR1170002600857. The details regarding the approved product, which caters to the domestic market, have been officially documented with MAHARERA.The key operational details of 'Miami By Purva' are summarized below:Product NameMiami By PurvaDate of Launch Registration with MAHARERAJune 18, 2026Category...

Angel One Grants 7,34,576 Restrictive Stock Units to Employee under LTI Plan 2021 Angel One Ltd has approved the grant of options under its Angel Broking Employee Long Term Incentive Plan 2021 (LTI Plan 2021). The company granted 7,34,576 Restrictive Stock Units (RSUs) to one eligible employee.The grant was made effective on June 19, 2026. These RSUs are convertible into an equal number of Equity Shares of the Company, each having a face value of Re. 1.Key details regarding the options granted under the LTI Plan 2021 include:Total Options: 7,34,576 Restrictive Stock Units (RSUs). Recipients: One eligible employee of the Company. Grant Date: June 19, 2026. Exercise Price: Re. 1 per share.The LTI Plan 2021 is administered by the...

Ugar Sugar Works Ltd. Sets Key Dates for Final Dividend and 86th Annual General Meeting Ugar Sugar Works Ltd. has announced the critical dates related to the final dividend payment for Fiscal Year 2025-26, as well as setting the Book Closure period in advance of its 86th Annual General Meeting (AGM).The company has set Wednesday, July 29, 2026, as the record date. This date is designated for the payment of the final dividend for FY 2025-26 and serves as the cut-off date for members to be entitled to cast their votes through e-voting for the company’s 86th Annual General Meeting.For further corporate actions, including dividend entitlement and participation in the AGM, Ugar Sugar Works Ltd. has fixed a Book Closure period. This...

Company Confirms No Undisclosed Material Information Regarding Share Trading Volume Spurt A company has issued a clarification confirming that it has not withheld any material or price sensitive information that would impact the trading volume of its shares.The statement addresses concerns regarding the surge in share volumes, confirming that the company had duly made all necessary disclosures related to the matter.The organization confirmed that no material or price sensitive information bearing on the operations or performance of the company was withheld, providing assurance regarding the observed trading activity.SCANSTL Stock Price Movement Shares of Scan Steels Limited are edging higher to ₹37.61 as of 1:01 PM today, gaining...

Balaji Telefilms Clarifies Market Status After Query Regarding Share Volume Spurt Balaji Telefilms Ltd has issued a clarification addressing concerns regarding the increased volume of its shares in the market. The company confirmed that it has complied with all necessary disclosure requirements pertaining to material and price sensitive information that could affect the operations or performance of the company.The organization explicitly stated that it had not withheld any material or price sensitive information which, in its view, would influence the trading volume of its shares.Balaji Telefilms further affirmed its ongoing commitment to adhering to all applicable disclosure mandates concerning the company's operations and market...

Invesco Mutual Fund increases stake in Corona Remedies Ltd Invesco Mutual Fund has increased its holding in Corona Remedies Limited, reporting a total aggregate shareholding of 5.0562% of the paid-up share capital as of June 17, 2026.The investment vehicle holds shares across several funds, including Invesco India Consumption Fund, Invesco India Smallcap Fund, Invesco India Large & Mid Cap Fund, Invesco India Midcap Fund, and Invesco India Multicap Fund.Before the acquisition under consideration, the acquirer’s holding stood at 4.5836%, comprising 2,803,355 shares carrying voting rights. The current transaction saw the acquisition of 2,89,017 shares, which equates to a rise of 0.4726%.Following this acquisition, Invesco Mutual...

Tata Power Awarded Large Transmission Project by REC, Involving 250 km Line Route Development Tata Power Company Ltd has been granted a significant project related to the transmission services in Karnataka, following an award from REC Power Development and Consultancy Limited. The project involves building and operating the Ryapte Power Transmission Limited, a specialized project special purpose vehicle (SPV).The initiative entails the construction and commissioning of approximately 250 km of critical line route infrastructure, including both D/C and Underground cable lines. This development is set to establish crucial power substations in the region.REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC...

Desco Infratech Awarded Rs 150 Million Order for Gas Pipeline Project by Sabarmati Gas Limited Desco Infratech Ltd has secured a Letter of Intent (LOI) from Sabarmati Gas Limited, a joint venture of GSPC and BPCL. The contract involves the construction of a gas pipeline project valued at Rs 150,640,474/- inclusive of GST.The LOI confirms that Desco Infratech will execute significant work for Sabarmati Gas Limited.Project Details: Sabarmati Gas Limited has awarded the contract to Desco Infratech for laying, installation, testing, and commissioning of a specialized steel gas pipeline. The project involves 4-foot, 6-foot, and 8-foot diameter pipelines designed for FDODO CNG Station Connectivity.The awarding entity, Sabarmati Gas...

Value 360 Communications Addresses Stock Price Fluctuations Value 360 Communications Limited has clarified matters regarding recent fluctuations in its share price, asserting that the movement is primarily market-driven and there have been no material changes in the company’s operations since a recent Board meeting.The company confirmed that apart from announcements previously communicated following the Board Meeting held on June 01, 2026, there have been no other events or developments that would impact the operation or performance of Value 360 Communications Limited.Management stated that the Company does not possess any additional price-sensitive information to share at this time. The company reiterated its commitment to...

Gandhar Oil Refinery Addresses Increased Trading Volume Amid Market Conditions Gandhar Oil Refinery (India) Ltd has clarified its position regarding the recent surge in the trading volume of its securities across exchanges. The company stated that it possesses no information or impending announcements that would influence the price or volume behavior of its stock.In response to inquiries concerning the increased trading activity, Gandhar Oil Refinery indicated that there is no material, undisclosed event that could bear on the Equity scrip's market movement.The company believes that the significant increase in the trading volume of its shares is purely market driven and attributable to prevailing market conditions. Consequently, the...

Apollo Hospitals clarifies governance commitments ahead of Apollo Healthtech listing Apollo Hospitals Enterprise Limited has issued additional clarifications regarding the proposed composite scheme of arrangement involving Apollo Healthtech Limited, setting out specific commitments concerning board composition and promoter nomination rights. These details provide further insight into the governance structure planned for the company post-Scheme.The Scheme involves Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited, with the resulting entity being Apollo Healthtech. The management of Apollo Hospitals conveyed that the Scheme is designed as a vital step toward unlocking...

SEBI Finalizes Settlement of Kshitij Venture Capital Fund Violation: Investment Manager Agrees to Pay ₹10.87 Lakhs SEBI Closes Case on Kshitij Venture Capital Fund Scheme Winding-Up Delay The Securities and Exchange Board of India (SEBI) has issued a Summary Settlement Order concerning violations related to the winding up of the Kshitij Venture Capital Fund (VCF). The order addresses issues where Everstone Capital Advisors Private Limited, the Investment Manager, was found prima facie in violation of the VCF Regulations, 1996.The settlement formalizes the resolution of enforcement proceedings initiated against the Applicant, as per SEBI's powers under Section 15JB and Section 19 of the Securities and Exchange Board of India Act, 1992...