Markets

Cohance Stock Plummets as CFO Resigns; Shares Fall Amid Management Shakeup The shares of Cohance Lifesciences experienced a significant decline on Thursday after the company announced the acceptance of Himanshu Agarwal's resignation. The news sent ripples through the stock market, leading to volatility in the company's trading session.The announcement saw the stock fall more than 4 percent during part of the session, briefly touching Rs 407 per share. However, the shares later recovered some of the losses and traded at Rs 412.70, registering a 3 percent decline for the day.CFO Resigns to Pursue Opportunities Outside Cohance Cohance released an exchange filing confirming that Himanshu Agarwal, who served as the Whole-time Director...

Balkrishna Industries Announces Dates for 64th AGM and Final Dividend Entitlement Balkrishna Industries Ltd. has scheduled its 64th Annual General Meeting (AGM) and set key dates relating to the entitlement of members to the Final Dividend for the financial year ending March 31, 2026.The Company announced that its 64th AGM is scheduled to be convened on Wednesday, July 29, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).To determine the entitlement of members regarding the Final Dividend, Balkrishna Industries Ltd. has fixed Friday, July 17, 2026, as the Record Date.If the Board of Directors' recommendation for the final dividend is approved during the AGM, the payment will be...

CDU Restoration Completed at HRRL Refinery; HPCL Notes Start of Production Hindustan Petroleum Corporation Limited (HPCL) has reported that the restoration work on the Crude Distillation Unit (CDU) of its JV company, HPCL Rajasthan Refinery Limited (HRRL), is complete. The unit has been successfully started following a localized fire incident in the CDU’s heat exchanger stack that occurred on April 20, 2026.The refinery has commenced production of several main petroleum products, including BS-VI High Speed Diesel (HSD), LPG, Petcoke, and Naphtha. Management at HPCL and HRRL is focused on ensuring stable and efficient operations as the refinery progressively ramps up its production to achieve optimal capacity utilization.All product...

Lloyds Enterprises Acquires 88.12% Stake in Steel Infra Solutions Company for Rs. 1,073.40 Crore Lloyds Enterprises Limited (LEL) has announced a strategic acquisition of a significant equity stake in Steel Infra Solutions Company Limited (SISCOL), securing control over the infrastructure solutions company. The transaction, finalized through a Share Purchase, Share Subscription and Shareholders' Agreement dated June 18, 2026, involves Lloyds Enterprises Limited, its subsidiary Lloyds Engineering Works Limited (LEWL), and Streamland Estate LLP acquiring a total of 3,57,80,117 equity shares of SISCOL.The combined acquisition by the entities amounts to an 88.12% stake in SISCOL, representing a total consideration of approximately Rs...

Black Buck Ltd receives GST tax enforcement orders and pays penalties Black Buck Limited, formerly known as Zinka Logistics Solutions Limited, has received two orders from the Office of the Additional Commissioner of Commercial Taxes (Enforcement), South Zone, Karnataka. These orders relate to procedural observations concerning the issuance of tax invoices and the submission of requisite information under the Karnataka Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017.The company has confirmed that it paid the penalty amounts imposed by the Appropriate Authorities for both orders.Details of GST Enforcement Orders The two orders were received on June 17, 2026, and pertain to specific contraventions...

Desh Rakshak Aushdhalaya Ltd Changes Registrar and Share Transfer Agent to Nivis Corpserve LLP Desh Rakshak Aushdhalaya Limited has completed the transition of its Registrar and Share Transfer Agent (RTA). The company informed stakeholders that M/s. MAS Services Limited, which served as their previous RTA, has been replaced by M/s. Nivis Corpserve LLP.The change in RTA became effective from June 17, 2026.The Board of Directors approved the proposal for changing the RTA in a board meeting held on April 15, 2026, after evaluating various parameters deemed to be in the best interest of the company and its shareholders.RTA Change DetailsA record of the event details are as follows:Event DetailInformationOld RTAM/s. MAS...

Allied Digital Restructures Senior Leadership to Drive Growth in Managed Services and AI Mumbai, June 18, 2026 -Allied Digital Services Limited has announced a restructuring of its senior management responsibilities, designed to enhance organizational focus and support growth across its strategic priorities in managed services, cloud, cybersecurity, and government infrastructure. The revised structure reflects the evolving nature of the company's business and is set as the firm enters its next phase of expansion.Key Leadership Transitions Nehal Shah has been elevated to Joint Managing Director (JMD) from his previous role as Whole-Time Director. As JMD, Mr. Shah assumes full accountability for Allied Digital’s strategy, operational...

Majestic Research Services and Solutions Ltd Completes Major Share Extinguishment and Reconstitution Majestic Research Services and Solutions Limited has announced a significant corporate action involving the cancellation and reconstitution of its existing equity capital, following the approval of a Resolution Plan. The company fixed Wednesday, July 8, 2026, as the Record Date for this restructuring initiative.The Board of Directors initiated the process to cancel and extinguish all presently outstanding equity shares in the company. Concurrently, the company will issue fresh equity shares to existing public shareholders as part of the approved plan.Under the terms of the share extinguishment, every 1,143 currently held equity...

Strategic Diplomacy: Home Minister Shah Meets U.S. Ambassador Gor to Bolster India-US Ties High-Level Talks Convene in New Delhi Union Home Minister and Minister of Cooperation, Shri Amit Shah, held a significant meeting with the U.S. Ambassador to India, Mr. Sergio Gor, in New Delhi. The high-level discussion underscores the deepening strategic engagement between both nations. This bilateral interaction focuses on reinforcing cooperation across various domains of mutual interest.The ministerial meeting serves as a crucial platform for strengthening diplomatic ties. By convening this dialogue, senior officials are addressing shared regional security concerns and expanding economic partnerships. The principals engaged in comprehensive...

7NR Retail Ltd.'s Board Approves Extra Ordinary General Meeting for Shareholders The Board of Directors of 7NR Retail Ltd. approved convening an Extra Ordinary General Meeting (EGM) for the company’s shareholders following a meeting held on June 18, 2026. The board meeting was conducted at the registered office and concluded with the decision to hold the EGM in July.The Board of Directors reviewed matters during their meeting on Thursday, June 18, 2026, and sanctioned the Extra Ordinary General Meeting (EGM) of the Company’s shareholders.The approved Extra Ordinary General Meeting is scheduled for Saturday, July 11, 2026. The EGM will be held at 3:00 P.M. and will be conducted through Video Conferencing (VC) or other Audio-Visual...

Hester Biosciences Sets Record Date for 39th Annual General Meeting and Proposed Dividend Hester Biosciences Limited has announced the record date crucial for determining members eligible to participate in the upcoming 39th Annual General Meeting (AGM). The company fixed Tuesday, July 14, 2026, as the record date.This decision was made to allow all shareholders to receive a proposed final dividend and to enable e-voting participation at the AGM.The notice specified the details of the proposed dividend payment. The company intends to distribute INR 11 per equity share. This figure represents 110% of the face value, which is set at INR 10 per share.Details regarding the shareholder benefits are as follows:AspectDetail...

Sundaram Brake Linings Announces Dividend Recommendation and Sets Date for 52nd Annual General Meeting Sundaram Brake Linings Limited has set the date for its upcoming general meeting and announced a dividend recommendation based on a board decision. The company informed stakeholders about the details of both the AGM and the record date essential for dividend entitlement.The 52nd Annual General Meeting (AGM) of Sundaram Brake Linings Limited is scheduled to be held on Friday, July 24, 2026. The meeting will utilize Video Conferencing or other Audio-Visual Means.Dividend and Record Date DetailsFollowing a Board meeting held on Monday, May 25, 2026, the directors recommended a dividend of 30.65/- per equity share. This payment...

Strategic Acquisition Announced: Entities Acquire 88.12% Stake in Steel Infra Solutions Company Limited (SISCOL) Lloyds Enterprises Limited, along with its affiliated entities Lloyds Engineering Works Limited and Streamland Estate LLP, have entered into a major transaction to acquire an aggregate of 3,57,80,117 equity shares of Steel Infra Solutions Company Limited (SISCOL). This acquisition constitutes 88.12% of the total outstanding equity share capital of the Target Company and is valued at approximately Rs. 1,073.40 Cr.The purchase was formalized through a Share Purchase, Share Subscription and Shareholders' Agreement dated June 18, 2026, involving Lloyds Enterprises Limited, Lloyds Engineering Works Limited (a Material...

OnEMI Technology Incorporates Wholly Owned Subsidiary in Financial Services Sector OnEMI Technology Solutions Limited has completed the incorporation of its Wholly Owned Subsidiary (WOS), marking a strategic expansion into the financial services industry. The WOS is named Invincible Minds Private Limited, and the company received the Certificate of Incorporation from the Central Registration Centre on June 18, 2026.This new subsidiary, operating in the Financial Services sector, represents part of OnEMI Technology Solutions Limited's ongoing strategic initiative to expand its presence through various non-lending business activities and allied financial service offerings.On EMI Technology Solutions Limited has invested in Invincible...

The Anup Engineering Clarifies Increased Share Volume Citing Market-Driven Trading The Anup Engineering Ltd has addressed a query regarding the increase in the trading volume of its shares, affirming that the surge is solely market-driven and not related to any specific company information.The company responded to an inquiry received from exchanges concerning the rise in share volume. In its clarification, The Anup Engineering stated that it has fulfilled all necessary disclosures pertaining to operations and performance, ensuring that no material or price sensitive information bearing on the stock's volume was withheld by the company.The management of The Anup Engineering concluded that the observed increase in trading volume is a...

Lloyds Enterprises, Subsidiaries Acquire 88% Stake in Steel Infra Solutions Company Limited Lloyds Enterprises Limited has announced the acquisition of a substantial equity stake in Steel Infra Solutions Company Limited (SISCOL). The purchase transaction was executed by Lloyds Enterprises Limited (LEL), alongside its subsidiaries Lloyds Engineering Works Limited and Streamland Estate LLP. This strategic move is intended to unlock long-term value and significantly enhance the consolidated financial profile of the acquiring entities.The acquisition involves securing 3,57,80,117 equity shares of SISCOL, which accounts for 88.12% of the Target Company’s total outstanding equity share capital. The aggregate consideration for this purchase...

Allied Digital Restructures Leadership, Appoints New CEO-CIS and Elevates Nehal Shah to Joint Managing Director Allied Digital Services Limited has announced a significant realignment in its senior management team, reflecting the evolution of its business across managed services, cloud computing, and infrastructure. Approved by the Board of Directors on June 18, 2026, the changes involve key appointments aimed at strengthening strategic focus and supporting the Company's growth agenda globally.Nehal Shah has been appointed as Joint Managing Director and Key Managerial Personnel (KMP) for a term of five years, effective from July 01, 2026, until June 30, 2031. This appointment is subject to the approval of shareholders at the ensuing...

Bata India Stock Soars 17% After Ex-Nike Retail Head Sanjay Rao Takes Over as New CEO Shares of Bata India witnessed a significant surge on Thursday after the company announced a major leadership transition. The stock climbed sharply, reaching 17.02 percent to ₹794, making it one of the top performers on the NSE. This rally followed the announcement that former Nike retail head, Sanjay Rao, has been appointed as the new Managing Director and Chief Executive Officer.Strategic Appointment Drives Market Rally Sanjay Rao is set to take the helm at Bata India, succeeding Gunjan Shah, who will conclude his tenure after completing a five-year mandate with the company. Mr. Rao joins Bata from Nike, where he served as Senior Director of Nike...

Massive Foreign Exchange Flows Surge as RBI Releases Turnover Data Amid Global Market Volatility The Reserve Bank of India (RBI) has released comprehensive data detailing foreign exchange turnover for merchants and inter-bank participants spanning May 25, 2026, through May 29, 2026. The daily records provide a critical snapshot into the massive flows moving across the currency markets.All figures are reported in USD Millions. The data reveals distinct activity levels within both the institutional (inter-bank) and corporate (merchant) sectors. This information is crucial for gauging liquidity management and capital flow trends within the domestic financial system.Interbank Market Dominates Foreign Exchange Transactions The interbank...

Kirloskar Industries Clarifies Stock Movement Amid Volume Spike Inquiries Kirloskar Industries Ltd has addressed questions regarding the significant increase in the volume of its security across exchanges, stating that stock price and volume movements are entirely market-driven and unconnected to company management.The clarification comes as the company reaffirms that it continues to provide all necessary disclosures within stipulated timelines concerning events or information impacting the operation and performance of the organization.Kirloskar Industries confirmed that there is no pending material information or announcement from the Company that could influence the price or volume behavior of its scrip. The management reiterated...