Markets

SEBI Completes Regulatory Recovery: Pressure Sensitive Systems Achieves Full Payment After Debtor Settlement The Securities and Exchange Board of India (SEBI) has completed the recovery process related to a penalty imposed against an individual in connection with regulatory non-compliance at Pressure Sensitive Systems (India) Limited. The completion order, issued on June 18, 2026, marks the closure of a significant compliance matter involving a substantial financial settlement.The move signifies a strict adherence to enforcement procedures by SEBI regarding penalties imposed by Quasi-Judicial Authorities (QJA). Completing the recovery certificate ensures that the full quantum of penalty and related costs has been addressed in the...

IFCI Stock Plummets as NSE IPO DRHP Files: Profit Booking Reverses Rally on $57 Billion Valuation Hype Shares of IFCI experienced a sharp decline, falling up to 10% to an intraday low of Rs 80.61. This steep fall comes after the stock had witnessed significant gains in recent months. The movement is primarily attributed to profit booking amidst developments surrounding the proposed Initial Public Offering (IPO) of the National Stock Exchange (NSE).IFCI’s interest in the listing stems from its control over Stock Holding Corporation of India, which holds a 4.4% stake in NSE. This holding meant that expectations regarding value unlocking from the exchange's IPO had previously fueled a strong rally in IFCI shares.Profit Booking and...

Benchmark Indices Surge Amid Global Cues; Nifty Climbs Near 24,200 As Rally Continues Indian benchmark indices posted a strong close on June 18, continuing their rally despite persistent concerns over the US Federal Reserve's hawkish policy stance. The market sentiment improved significantly, supported by softer crude oil prices and positive global cues.The Sensex gained 254.36 points, closing at 77,409.98, while the Nifty moved up 82.30 points to reach 24,168. The indices successfully navigated a volatile session, reflecting underlying strength across various market segments.Sectoral Strength and Broader Market Gains The rally was not confined to frontline stocks; the broader market witnessed similar gains. Both the Nifty Midcap...

SEBI Completes Recovery Certificate for Pressure Sensitive Systems Stakeholders After Full Payment SEBI Issues Order on Compliance of Recovery Certificate No. 8841 of 2025 The Securities and Exchange Board of India (SEBI) has formally released an order concerning the completion of Recovery Certificate No. 8841 of 2025. This significant compliance action addresses a matter involving Pressure Sensitive Systems (India) Limited. The order confirms the successful conclusion of the recovery process against two individuals.The certificate pertains to Purav Bharatbhai Patel and Hansaben Bharatkumar Patel, who are associated with the aforementioned company. The completion signifies that all obligations tied to this specific Recovery...

Goyal Salt Limited Board Approves Incorporation of Subsidiary for Business Expansion Goyal Salt Limited has made significant strategic moves following a board meeting where it approved the incorporation of a new entity and established frameworks for future related party transactions. The decisions aim to drive business expansion across salt production and refining.The Board of Directors considered and sanctioned the incorporation of a subsidiary company, proposed under the name 'Goyal Foods Industries Private Limited,' or such other name as may be approved by the Registrar of Companies. This new entity will operate within the salt production and refining industry.The objective for incorporating this new company is specifically...

Lloyds Engineering Works Limited Acquires SISCOL to Establish Integrated EPC Platform Targeting ₹10,000 Crore Revenue by FY30 Lloyds Engineering Works Limited (LEWL), one of India's rapidly growing engineering and EPC companies, has announced the acquisition of Steel Infra Solutions Company Limited (SISCOL), a leading structural steel engineering and fabrication firm. This strategic move aims to transition LEWL from a specialist manufacturer into a fully integrated platform capable of handling complex projects across industrial infrastructure, transportation, urban development, and energy sectors.The combination of both companies’ capabilities is set to address the multi-decade infrastructure investment cycle taking place in India...

Sudarshan Pharma Industries Ltd Cancels Board Meeting Scheduled for June 18, 2026 Sudarshan Pharma Industries Limited announced the cancellation of its Board of Directors meeting that was originally scheduled to be held on Thursday, June 18, 2026.The company stated that the decision to cancel the meeting was made due to unavoidable reasons. The Board Meeting had been previously scheduled for the date mentioned in the announcement.Stock Price Movement At the close of trade on Thursday, shares of Sudarshan Pharma Industries Ltd settled at ₹36.94, declining 2.51%. The stock traded within a wide intraday range, hitting a low of ₹36.50 before peaking at ₹37.80.

OnEMI Technology Solutions Incorporates Wholly Owned Subsidiary Invincible Minds Private Limited OnEMI Technology Solutions Limited has successfully incorporated its new subsidiary, which is named Invincible Minds Private Limited. The company received the Certificate of Incorporation from the Central Registration Centre in Mumbai on June 18, 2026. This strategic move expands OnEMI's presence within the financial services sector.Invincible Minds Private Limited was established in India with a Certificate of Incorporation dated June 17, 2026. The new entity belongs to the Financial Services industry and will support the company’s ongoing strategy involving various non-lending business activities and allied financial service offerings...

Velox Shipping and Logistics Allots 17,78,180 Equity Shares Upon Convertible Warrant Conversion Velox Shipping and Logistics Ltd (formerly Velox Industries Limited) has allotted 17,78,180 equity shares to warrant holders following the conversion of convertible warrants. The allotment was made by the Board of Directors during a meeting held on June 18, 2026.The equity shares were allotted to various non-promoters after warrant holders paid a portion of the balance consideration. The total amount received by the Company from the warrant holders for this conversion stands at Rs. 1,60,03,876. These funds represent 75% of the total consideration payable for the converted warrants.The company confirmed that allottees successfully applied...

CIAN Agro Industries Clarifies Share Volume Movement Attributing Fluctuations to Market Conditions CIAN Agro Industries & Infrastructure Ltd has addressed concerns regarding a significant increase in the volume of its security, stating that the movement is entirely due to market conditions and falls outside the company's control.The company confirmed that it maintains robust internal controls and corporate governance practices designed to monitor and prevent any unauthorized dissemination of information. CIAN Agro Industries affirmed that it has not withheld any material event or information that could impact the price or volume behavior of its scrip.According to the company, there is no pending announcement or information from CIAN...

Dhampur Bio Organics Completes Slump Sale of Meerganj Sugar Factory Unit for Rs 305 Crores Dhampur Bio Organics Limited has completed the slump sale of its Meerganj Unit, a sugar factory located in Bareilly, Uttar Pradesh. The business transfer was finalized on June 18, 2026, to Forever Global Enterprises Limited.The transaction included the receipt of the purchase consideration and the successful execution and registration of the conveyance deed related to the unit.Under the slump sale arrangement, Dhampur Bio Organics sold the Meerganj Unit for a total purchase consideration of Rs 305 Crores (Rupees Three Hundred and Five Crores only). The completion of this business transfer marks the exit of the company from the operation of the...

DCM Shriram Industries Announces AGM and Recommends Dividend for FY2025-26, Details TDS Structures DCM Shriram Industries Ltd. has announced key details regarding its upcoming Annual General Meeting (AGM) and provided comprehensive information concerning Tax Deducted at Source (TDS) on dividends for the Financial Year 2025-26.The Company has scheduled the 35th Annual General Meeting to be held on Wednesday, July 15, 2026, at 11:30 a.m. Indian Standard Time (IST). The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).Members can access the Notice convening the meeting and the Annual Report for Financial Year 2025-26 through the company website.Dividend Recommendation and Payment Timeline The...

Bajaj Auto Limited Announces Buyback of Equity Shares, Sets Record Date for Shareholders Bajaj Auto Limited has announced a significant buyback of its equity shares, approved by the Board of Directors and shareholders. The company is set to repurchase up to 46,94,000 fully paid-up equity shares at a fixed price, offering an opportunity for eligible investors.The buyback involves purchasing Equity Shares with a face value of INR 10/- each. The company has determined the purchase price for these shares to be INR 12,000 per Equity Share, which will be settled in cash. The aggregate amount allocated for this potential transaction amounts to up to INR 5,632,80,00,000/-.The details of the buyback offer are summarized below...

CIAN Agro Industries Confirms No Withholding of Material Information Regarding Share Volume Movement CIAN Agro Industries & Infrastructure Limited has stated that it has not withheld any material information or events concerning its security, clarifying market movement following scrutiny over increased share volumes.The company confirmed that it maintains robust internal controls and corporate governance practices designed to monitor and prevent the unauthorized dissemination of information related to its securities.In response to inquiries regarding recent significant increases in trading volume for the stock, CIAN Agro Industries confirmed that it has not withheld any material information or events that could potentially affect...

Southern Magnesium & Chemicals Ltd Receives GST Demand Notice for Output Tax Short Payment Southern Magnesium & Chemicals Ltd has received a demand notice regarding output tax short payment from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division. The notice concerns the period spanning April 2025 to February 2026 and raises a GST demand amounting to INR 30,32,204/-.The company received the demand notification on June 12, 2026.According to details provided by the company regarding the compliance matter, the notice is associated with an alleged short payment of output tax as per Section 74A(9)(i) of the CGST/ AP GST Act 2017.The key operational and financial details of this event are summarized below...

NB Footwear Ltd Reschedules Board Meeting to Consider Office and Registered Address Shifts NB Footwear Ltd has scheduled a meeting of its Board of Directors to address significant corporate matters, including the potential shift of its registered office and the establishment of a new corporate base. The Board meeting is set for Saturday, June 20th, 2026, at 3 PM, held at the Company's Registered Office.The agenda items for the directors include several key considerations relating to the company's physical presence and operations.Key points to be considered during the board meeting are:Registered Office Relocation: To consider shifting the registered office of NB Footwear Ltd from Chennai, Tamil Nadu, to Noida in West Bengal...

Battery Revolution Accelerated: Electrolyte Engineering Promises Durable and Affordable Aqueous Power Cells The future of sustainable energy storage hinges on advancements in fundamental material science. Recent focus on electrolyte engineering signals a pivotal step toward manufacturing durable and highly affordable aqueous batteries. These technologies hold immense potential, promising to streamline the shift towards widespread green energy adoption globally.Deciphering Aqueous Battery Potential Aqueous batteries represent a significant move away from traditional, complex battery chemistries. By utilizing water-based electrolytes, these systems inherently offer pathways to reduced cost and greater environmental compatibility. This...

SpaceX Shares Waver After First Decline as Rocket-AI Giant Battles Lofty Market Expectations SpaceX shares experienced volatility in premarket trading this morning after recording their first decline since making their record-breaking IPO debut. As the rocket and AI company wraps up its inaugural week as a public entity, the stock is attempting to rebound from Wednesday's significant downturn.The stock was seen moving approximately 0.3% higher in premarket trading as of 4:22 a.m. in New York. This slight advance represents an attempt by investors to claw back some of the nearly 5% decline witnessed on Wednesday, marking the first day the shares have closed lower since their listing.Index Inclusion and Market Potential Drive...

Indiabulls Stockrockets on Restructure News; Gains 145% in Three Months Shares of real estate and financial services firm Indiabulls surged dramatically on Thursday, extending their powerful winning streak for the fifth consecutive trading session. The stock hit the 5 percent upper circuit, reflecting strong investor confidence following major corporate restructuring developments.Current Gains Drive Indiabulls Stock Higher Indiabulls opened higher at Rs 24.33 against its previous close of Rs 24.02 on the BSE. The stock continued to climb during intraday trading, peaking at an intraday high of Rs 25.22 before being locked into the 5 percent upper circuit band.This impressive price action places Indiabulls in a standout category, as...

NB Footwear Seeks Major Geographic Shift, Planning Move from Chennai to Kolkata and Noida NB Footwear Limited has announced a significant corporate restructuring initiative, detailing plans to move key operational and administrative functions away from its Chennai base. The company’s Board of Directors is scheduled to meet on Saturday, June 20th, 2026, to deliberate on pivotal changes regarding the shifting of its registered office and the establishment of a new corporate hub.The filing, made pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, signals a major organizational pivot for the established footwear manufacturer. The meeting is intended to gain approval from shareholders and...