Markets

SEBI Board Set to Greenlight Market Efficiency Boosts: Open-Market Buybacks and Fast-Track AIF Clearance on Agenda The Securities and Exchange Board of India (SEBI) board is scheduled to convene this Friday for a critical meeting aimed at boosting overall market efficiency. The agenda includes significant proposals concerning open-market share buybacks, streamlining the launch process for Alternative Investment Funds (AIFs), and relaxing operational constraints for mutual funds.These measures are designed to address regulatory bottlenecks and enhance liquidity within capital markets. These decisions mark part of a broader effort by SEBI to modernize industry practices across various financial instruments.Rethinking Open-Market Share...

Asahi Group to Surge into Indian Beverage Market via Varun Beverages Partnership; CALPIS Launch Set for 2026 Japanese beverage giant Asahi Group Holdings announced a major foray into India's non-alcoholic and non-carbonated drinks sector. The entry is formalized through a franchise partnership with Varun Beverages, signaling a significant strategic move to tap into the country's dynamic consumer market.The collaboration targets the production of CALPIS brand beverages. Asahi Group plans to launch these products in the second half of 2026. Fermented milk-based drinks under the prestigious CALPIS brand have a long heritage, with sales established in Japan for over a century.Defining Roles in the Strategic Alliance Under the terms of...

Anubhav Plast SME IPO Set to Launch: Manufacturing Player Targets ₹24 Crore for Expansion Kanpur Manufacturer Prepares to Raise ₹24 Crore in Equity Offering Kanpur-based Anubhav Plast Ltd is set to launch its Initial Public Offering (IPO) this Friday. The company aims to raise approximately Rs 24 crore through the SME platform. This offering is designed to fund significant expansion projects and establish new manufacturing units for the business.The IPO consists of a fresh issue comprising 30 lakh shares. It will be available for subscription until June 23 on the BSE SME exchange. Anubhav Plast has established a price band for the shares ranging from Rs 77 to Rs 80 per share.Proceeds Allocation and Business Scope Anubhav Plast is...

Direct Tax Collections Surge Up 14.6% as India's Corporate Sector Shows Strong Advance Tax Growth The central government’s direct tax collections have rebounded strongly, registering a significant increase in the first half of the fiscal year. Net direct tax collections, after accounting for refunds, stood at ₹5.21 lakh crore between April 1 and June 17 of FY27. This strong performance marks a 14.64 percent increase compared to the corresponding period of the previous financial year.Corporate Tax Collections Drive Upward Trend Net corporate tax collections saw substantial growth, reaching ₹2.08 lakh crore by March 17. This represents a robust rise of 22.4 percent on an annual basis. The performance in this sector highlights underlying...

Candour Techtex Approves FY26 Results, Initiates Major Strategic Expansion in Naval and Aerospace Sectors Candour Techtex Ltd., formerly known as Chandni Textiles Engineering Industries Limited, announced significant corporate developments following its Board of Directors meeting on June 18, 2026. The company approved the audited financial results for the quarter and full fiscal year ending March 31, 2026. Furthermore, the Board advanced a major strategic expansion by approving alterations to the company's Memorandum of Association (MOA), subject to subsequent shareholder approval.The board meeting focused on adopting these key outcomes, alongside providing essential updates regarding the firm’s operations and financial standing...

Sebi Overhauls Margin Trading Facility: Broader Funding Options and Higher Net Worth Mandates Proposed in Major Regulatory Review The Securities and Exchange Board of India (Sebi) has proposed a sweeping overhaul of the Margin Trading Facility (MTF) framework, aiming to significantly strengthen and professionalize the mechanism. Through its consultation paper, Sebi laid out several critical changes covering broker eligibility, funding diversification, exposure norms, and client protection measures.Raising Broker Net-Worth ThresholdA core proposal from the regulator involves enhancing the financial stability of brokerage firms offering MTF services. Sebi proposed increasing the minimum net-worth threshold for brokers providing MTF...

Promoters of Signoria Creation Limited Sell Equity Shares in Open Market on June 18, 2026 Signoria Creation Limited, formerly known as Signoria Creation Private Limited, saw several key directors and promoters dispose of equity shares on the open market on June 18, 2026. The sales involved various senior management members, resulting in changes to their respective shareholdings.The transactions included Mohit Agarwal, Ms. Babita Agarwal, Vasu Dev Agarwal, and Ms. Kritika Chachan, all of whom reported the sale of equity shares.Promoter Transactions Summary The following table details the disposal of equity shares by the promoters on June 18, 2026:IndividualDesignationShares DisposedPrice Per Share (INR)Total Value (INR)Mohit...

Amber Enterprises India Signs Manufacturing Collaboration Agreement with Oppo Mobiles Gurugram, June 18, 2026: Amber Group has entered into a manufacturing collaboration agreement with Oppo Mobiles India Private Limited (Oppo India). Under this strategic partnership, Amber Group will manufacture Mobile Phones for the Brands, which include OPPO, OnePlus, and Realme.The collaboration is designed to combine the global product expertise of the Brands with the Indian partner's strong manufacturing scale, operational capabilities, and strengths in local supply chain and enhancing local value addition.This partnership signifies a key milestone for Amber Group, strengthening its long-term growth platform as it expands its role in...

AJR Infra Appoints Company Secretary and Compliance Officer AJR INFRA AND TOLLING LIMITED, formerly Gammon Infrastructure Projects Limited, has appointed Ms. Amatulla Akil Chunawala as its new Company Secretary and Compliance Officer. She has also been designated as a Key Managerial Personnel (KMP) of the company.The appointment of Ms. Chunawala was made by the Board of Directors following committee recommendations. Her role as the Company Secretary and Compliance Officer is effective from June 22, 2026. Furthermore, she holds the designation of Key Managerial Personnel with effect from the same date.Ms. Amatulla Akil Chunawala, who possesses membership number ACS-A80050, brings expertise to the role. She is a member of the...

BGR Energy Systems Fined Over Alleged Turnover Suppression in GST Case BGR Energy Systems Ltd has received an order imposing a penalty following investigations by tax authorities regarding alleged suppression of turnover for a specific financial period. The total penalty amount stands at ₹30,65,591.26.The company received the order on June 18, 2026, from the Office of the Joint Commissioner, Corporate Circle, Kanpur I, Uttar Pradesh. The penalty was imposed under Section 122(2)(b) of the CGST/SGST Act in connection with the alleged suppression of turnover for the tax period spanning April 2019 to March 2020.The breakdown of the financial penalty is as follows:Penalty TypeAmount Imposed (₹)Aggregate Penalty30,65,591.26CGST...

Endurance Technologies Expands Capacity to Introduce Four-Wheeler Lithium-Ion Battery Packs Endurance Technologies Ltd has announced a strategic expansion of its manufacturing capabilities as it prepares to enter the four-wheeler segment of the electric mobility market. The company is set to add capacity dedicated to producing Lithium-Ion Battery packs for four-wheelers at its existing facility in Mindewadi, Pune.The move comes as the company continues operations after commencing commercial production of battery packs for two-wheelers on June 17, 2026. This expanded capacity will allow Endurance Technologies to significantly strengthen its presence within the rapidly growing electric mobility sector.Capacity and Investment Details...

Subsidiary of Mukta Arts Limited Recognized as 'Great Place to Work' Mukta Arts Limited announced that its subsidiary, Whistling Woods International Limited, has successfully been certified by Great Place To Work®, India. The recognition confirms that the company is a great workplace and was awarded this distinction under the Mid-Size Organizations category.The successful completion of the assessment conducted by Great Place To Work®, India, positions Whistling Woods International Limited among companies recognized for their workplace culture and environment. This achievement highlights a commitment to corporate standards within the entertainment sector.The certification received from Great Place To Work®, India is valid for one...

Allied Blenders and Distillers Announces Changes in Key Managerial Personnel Allied Blenders and Distillers Limited has announced changes regarding its key managerial personnel, including the appointment of a new Chief Revenue Officer (CRO) and the resignation of existing senior management. These transitions were approved by the Board of Directors on June 18, 2026.The company appointed Mr. Monish Bhasin as the Chief Revenue Officer (CRO), who will serve as a Key Managerial Personnel (KMP) and Senior Management Personnel (SMP). This appointment is effective from July 1, 2026.Mr. Bhasin brings over 28 years of experience across the alco-bev and consumer goods sectors. In his previous role as Vice President - Sales, Southern Region at...

Mr. Rajesh Laheri Appointed as CFO of General Insurance Corporation of India; V. Balkrishna Steps Down General Insurance Corporation of India (GIC Re) has announced a key leadership transition in its finance department, with Mr. Rajesh Laheri taking charge as Chief Financial Officer and Key Managerial Personnel. Concurrently, the corporation confirmed the cessation of Mr. V. Balkrishna from the CFO role, effective June 18, 2026.Mr. Rajesh Laheri assumed the position of Chief Financial Officer on June 18, 2026. His professional background includes joining GIC Re in April 1998 as a Direct Recruit officer. Mr. Laheri is a Fellow Member of Insurance Institute of India and holds qualifications including Associate Membership of the...

AVG Logistics Limited Reports Delay in Financial Results Submission Due to Pending Audit Procedures AVG Logistics Limited has announced a delay in the submission of its financial results, citing ongoing finalization processes related to its financial statements. The company stated that the Board of Directors meeting scheduled for considering and approving these results had to be deferred as various necessary procedures are still underway.The delay is attributed to the fact that certain audit procedures, management reviews, and reconciliation of financial information are yet to be completed to the satisfaction of the Statutory Auditors and the management team.AVG Logistics Limited emphasized that it finds it prudent to complete all...

Hilton Metal Forging Limited Approves Equity Issue via Qualified Institutional Placement The Board of Directors of Hilton Metal Forging Limited approved plans to create, offer, issue, and allot equity shares through a Qualified Institutional Placement (QIP). This decision was made during the Board Meeting held on June 18, 2026.Under the approval granted by the Board, the company may raise an aggregate amount not exceeding ₹100,00,00,000 for the issuance of these securities through QIP, subject to applicable laws.The details regarding the proposed issuance are as follows:ParticularsDescriptionType of securitiesEquity Shares with a face value of Rs. 10/- eachIssuance typeQualified Institutional Placement (QIP)Issue...

MSP Steel Seals Power Purchase Agreement to Secure 10MWp Solar Energy Capacity MSP Steel and Power Limited has entered into a significant Power Purchase Agreement (PPA) with Elevate Solar Energy Private Limited, securing a supply of solar power for its operations. The agreement, effective from the date of execution, aims to optimize energy costs and boost the company's renewable energy consumption through a Group Captive Open Access Permissions mechanism.The PPA covers the procurement of solar power from Elevate Solar Energy Private Limited. Under the terms of the agreement, MSP Steel is contracted to receive 10MWp (DC) of electricity annually. The agreed tariff rate for this power supply stands at Rs 3.17 per unit, and the duration...

SEBI Unveils Major MTF Review: Brokers' Limits and Collateral Rules Set for Overhaul SEBI has released a comprehensive Consultation Paper outlining significant proposals for the review of the Margin Trading Facility (MTF) Framework. The move is aimed at enhancing operational efficiency, ensuring continued robust risk management, and addressing complex risks within the highly leveraged trading segment.The public is invited to provide feedback on various proposed changes concerning collateral types, broker eligibility criteria, and fund usage rules under the revamped MTF framework.Why is the MTF Framework Under Review? Introduced in 2004, the MTF framework has undergone continuous updates to accommodate market growth. A comprehensive...

Orient Ceratech Approves Sale of Windmills Power Division Orient Ceratech Limited, formerly known as Orient Abrasives Limited and part of the Ashapura Group, has approved the sale of its Windmills Power Division. Following the completion of this transaction, the Power Division will no longer be part of the company's operations, meaning no further segment reporting related to this division will be presented by the company.The sale involves the disposal of the Power Division, and management indicated that the transaction falls outside the existing Scheme of Arrangement. The buyer for the division has been identified as Greenwin Energy Thirteen LLP, which is based in Mumbai. The deal does not involve any participants from the promoter...

New Delhi Television Updates Acquisition of GoodTimes Channel, Projects Completion within One Month New Delhi Television Ltd has provided an update on its proposed acquisition of the 'GoodTimes' Channel business undertaking from Lifestyle & Media Broadcasting Limited. The transaction is currently underway, and the company anticipates completing the acquisition within approximately one month.The acquisition involves the transfer of the 'GoodTimes' Channel, which constitutes the primary business undertaking in this deal. New Delhi Television has been engaged in discussions regarding this proposed purchase from Lifestyle & Media Broadcasting Limited.Management confirmed that while the transaction is progressing, its final consummation...