Markets

SEBI Imposes Multi-Lakh Penalty on OnePaper as Oversight Failures Lead to Client Mis-selling The Securities and Exchange Board of India (SEBI) has delivered a decisive adjudication order against OnePaper Research Analysts Private Limited, imposing a significant penalty following findings of systemic compliance failures and client mis-selling practices. The order addresses violations related to the inducement of clients through unapproved communication channels and promises of assured returns, despite the company’s internal policies.The Adjudicating Officer concluded that the Noticee failed in its fundamental regulatory duty to monitor employee conduct. The investigation, conducted over a prolonged period spanning 2022 to 2026, found...

Adhata Global Announces Book Closure Dates and Annual General Meeting Details Adhata Global Ltd has announced key details regarding its upcoming book closure period and the scheduling of its Annual General Meeting (AGM).The company set the dates for the book closure process in relation to its securities listed on BSE. The book closure is scheduled to run from July 08, 2026, through July 14, 2026. For this period, the record date has been marked as Not Applicable (NA), and the dividend payable per share has been specified as NIL.In addition to the book closure details, Adhata Global Ltd has scheduled its Annual General Meeting. The AGM is set for July 14, 2026, commencing at 11:00 A.M. The meeting will be held at the company's...

Acquirer Group Announces Open Offer for Glittek Granites Limited Shares The acquisition of Glittek Granites Limited was detailed via an open offer, announced by the company's appointed management. The proposal involves several acquirers and Rawmin Mining And Industries Private Limited (PAC) as part of the deal.The terms of the open offer included a purchase price of Rs 12.65 per Equity Share.The key timelines for the acquisition and payment are summarized below:EventProposed in Offer DocumentActual OutcomeOffer Opening DateTuesday, May 19, 2026N/AOffer Closing DateTuesday, June 02, 2026Tuesday, June 02, 2026Consideration Payment DateTuesday, June 09, 2026Tuesday, June 09, 2026The open offer aimed at acquiring up to...

JK Cement Limited Fixes Record Date for Final Dividend of FY 2025/26 JK Cement Limited has determined the record date for its final dividend pertaining to the financial year 2025/26, as announced by the Board of Directors. The company fixed the necessary timelines for shareholders regarding the distribution event.The Board meeting of JK Cement Limited on May 23, 2026, established the parameters for the dividend entitlement for its shareholders. The final dividend has been set at a rate corresponding to 200%. This dividend is linked with the company's 32nd Annual General Meeting and Dividend distribution.The company provided detailed timelines regarding the dividend payment process. Shareholders are entitled to the dividend based on...

PAKKA LIMITED Announces Resignation of Chief Financial Officer Mrs. Neetika Suryawanshi Pakka Limited has announced that Mrs. Neetika Suryawanshi, its Chief Financial Officer (CFO) and a Key Managerial Personnel, has tendered her resignation from the position. Her departure is effective upon the close of business hours on June 30, 2026.The company confirmed that she resigned due to personal reasons. Mrs. Neetika Suryawanshi served as the CFO during her tenure with the organization.Mr. Ved Krishna, Managing Director (KMP) at Pakka Limited, accepted the resignation. The company conveyed its appreciation for the valuable contributions and services rendered by Mrs. Suryawanshi throughout her tenure.Key details regarding the change in...

GACM Technologies Announces Board Meeting to Discuss UK Subsidiary and Preferential Share Offer GACM Technologies Limited has scheduled a meeting of its Board of Directors for Thursday, June 25, 2026. The meeting is set to deliberate on strategic expansion plans, including the establishment of a foreign subsidiary and a proposal involving a preferential share issuance.One key agenda item focuses on approving the incorporation of a Wholly Owned Foreign Subsidiary (WOFS) in the United Kingdom (UK). This move is intended to expand the Company's international business operations. The Board will also authorize designated officials to undertake all necessary actions and compliance related to this new venture.The second major discussion...

Huge Regulatory Action: SEBI Mandates Banks and Funds to Remit Over Rs 5 Lakhs from BSE Stock Option Defaulter SEBI Issues General Remittance Order Against Stock Options Dealer SEBI has issued a strict General Remittance Order targeting Ravi Ludhiyani HUF. The order, dated June 16, 2026, mandates all banks and mutual funds in India to remit the outstanding dues owed by the entity. This action is part of ongoing attachment proceedings concerning the defaulter’s involvement in dealings related to illiquid stock options at the BSE.The directive comes under Recovery Certificate No. 9086 of 2026, aiming to ensure recovery of funds meant for SEBI. The order places a legal obligation on financial institutions to assist in the debt collection...

Promoter Acquires Equity Shares in Bharat Parenterals Ltd on BSE Bharat Parenterals Limited reported a significant acquisition of equity shares by its promoter entity, Desai Shares and Stock Private Limited (Mr. Bhahim). The transaction was executed on the open market via the Bombay Stock Exchange (BSE).The purchase involves Desai Shares and Stock Private Limited, categorized as a Promoter, acquiring 12,62,164 Equity Shares at a price of ₹900 per share. This acquisition resulted in the promoter's stake increasing from 39.63% to 39.65%.The details of the transaction, including pre-acquisition holdings and post-acquisition status, are as follows:ParticularDetailsPromoter Entity NameDesai Shares and Stock Private Limited (Mr...

Kajaria Ceramics Sets Record Date for Proposed Equity Share Buyback Kajaria Ceramics Limited has finalized key details regarding its proposed buyback of equity shares, setting June 29, 2026, as the designated Record Date. The company intends to repurchase up to 21,50,000 fully paid-up Equity Shares through a tender offer route.The Buyback Committee of Kajaria Ceramics Limited approved the plan following consideration by the Board of Directors. Subject to the necessary approval from shareholders, the buyback is planned at a price of Rs. 1380/- per Equity Share. The shares have a face value of Re. 1/- each.This decision follows previous communication regarding the proposal for the Buyback, which had been approved by the Board of...

SEBI Tightens Rules: AIFs Must Fulfill Conditions Before Retaining Proceeds Beyond Permissible Fund Life SEBI has released comprehensive new guidelines governing the winding up of Alternative Investment Funds (AIFs). These regulations address crucial aspects related to retaining liquidation proceeds beyond the permissible fund life period and provide a formal process for obtaining 'Inoperative Fund' status. The circular, effective immediately, introduces structured compliance requirements designed to protect investor interests during complex dissolution scenarios.Guidelines on Retention of Proceeds Beyond Permissible Life The updated AIF Regulations (Amended on April 18, 2026) detail conditions under which AIFs or their schemes can...

Reganto Enterprises Approves FY Reports, Appoints New Statutory Auditor and AGM Scrutinizer The Board of Directors of Reganto Enterprises Ltd., which was formerly known as Vintron Informatics Limited, held a meeting on Tuesday, June 16, 2026. During this gathering, the company approved several key operational matters related to its financial performance and future governance structure.The Board officially approved the Director's Report along with the Management Discussions & Analysis Report and the Corporate Governance Report, including all annexures, pertaining to the financial year that ended on March 31, 2026. The meeting also covered matters relating to the forthcoming 35th Annual General Meeting (AGM), including the approval of...

National Stock Exchange Imposes Fine on Exim Routes Limited Over Alleged Board Meeting Intimation Delay National Stock Exchange of India Limited (NSE) has imposed a financial penalty on Exim Routes Limited following an alleged delay in furnishing the required prior intimation regarding a board of directors meeting.The fine was issued by the NSE on June 15, 2026. The violation concerns alleged non-compliance with requirements related to Regulation 29(2) and 29(3) of the Listing Regulations for the year ended March 31, 2026.As per the details provided by Exim Routes Limited, the action taken by the NSE involves the imposition of a fine totaling Rs. 10,000 (Rupees Ten Thousand Only), plus applicable GST.The company confirmed that the...

Chairman Rajesh Rathi Increases Stake in Sudarshan Chemical Following Warrant Conversion Sudarshan Chemical Industries Limited announced that Global Chairman and Managing Director, Promoter Mr. Rajesh Rathi, has converted a significant number of warrants into equity shares, thereby increasing his stake in the company through a substantial capital commitment.The conversion pertains to 9,80,000 convertible warrants allotted to Mr. Rathi in December 2024. The allotment and subsequent conversion were completed on June 10, 2026. By exercising these warrants, Mr. Rathi committed close to ₹100 crore to the company.The shares were converted at an issue price of ₹1,019.75 each. This pricing represented a premium of approximately 16 percent...

Supreme Court Dismisses PIL Challenging Iron Ore Mining Lease Grant, Rules on Vested Rights The Supreme Court of India has dismissed a Writ Petition concerning a challenge to an iron ore mining lease granted by the State of Maharashtra in Gadchiroli District. The ruling clarified the legal status of the mineral rights, finding that the decision to grant the lease had already occurred prior to 2015, rendering subsequent regulatory changes inapplicable.The case, titled Karanartham Viramah Foundation vs. State of Maharashtra & Anr. (Writ Petition (Civil) Diary No. 35746/2026), was heard by Justices Prashant Kumar Mishra and Atul S. Chandurkar on June 9, 2026. The petition challenged an order issued by the State of Maharashtra related to...

Ganesh Green Bharat Limited Declares Interim Dividend; Cancels Warrants Issuance Proposal Ganesh Green Bharat Limited announced a resolution approving an interim dividend and simultaneously withdrew plans for the issuance of warrants convertible into equity shares, following a meeting of its Board of Directors held on June 16, 2026.The Board determined that it would not proceed with the proposed warrant issue at this stage, leading to the cancellation of the associated agenda items previously set for shareholder consideration. Consequently, the Extraordinary General Meeting scheduled for June 25, 2026, has also been cancelled.In a separate key decision, the Company declared an interim dividend of Rs. 0.50 per equity share of the...

TCS Named Digital Transformation Partner for Tottenham Hotspur Football Club Tata Consultancy Services (TCS) has announced a multi-year strategic partnership with Tottenham Hotspur Football Club, securing the role of Digital Transformation Partner. The collaboration aims to deliver advanced solutions across fan engagement, club operations, and the broader digital ecosystem of the prominent UK football institution.Leveraging its capabilities in Salesforce and Cybersecurity, TCS will assist Tottenham Hotspur in harnessing data, modernizing systems, and building a future-ready digital platform. This partnership is set to drive deeper fan engagement as part of the Club's ongoing digital transformation efforts.Girish Ramachandran...

Simplex Papers Ltd Announces Director Appointments and Land Disposal Plan Simplex Papers Ltd held its Board meeting on June 16, 2026, where the board considered and approved several key decisions regarding the company's leadership structure and assets. The outcomes included the appointment of a new director and the re-designation of an existing board member. Furthermore, the board approved the transfer or disposal of land belonging to the company's closed Paper Plant.The Board meeting addressed appointments related to corporate governance. Shri Shrikrushna N. Pawar was appointed as an Additional Director in the category of Non-Executive Independent Director (NEID), effective June 16, 2026. Mr. Pawar holds a Masters's degree in...

Mr. Satyanarayana Murthy Chavali Resigns as Independent Director of Gland Pharma Limited Gland Pharma Limited has announced that Mr. Satyanarayana Murthy Chavali, an Independent Director, has resigned from his position within the company. His resignation is effective from the close of business hours on June 15, 2026.Mr. Chavali tendered his resignation after careful consideration due to the possibility of a potential conflict of interest that may arise in the future. The reason stated for his departure is that a company where he serves as a Promoter and Director plans to enter a business segment that could be similar to or overlap with the business activities Gland Pharma Limited is contemplating.The independent director confirmed...

Vedanta Aluminium Metal Limited Releases Audited Financials for FY 2026; Reports Net Losses Vedanta Aluminium Metal Limited (VAML) has released its audited financial statements and associated reports for the fiscal year ended March 31, 2026. The comprehensive results indicate a net loss following operations during the period, although the company's capital structure details and internal controls were certified as adequate by the auditors.The release includes the Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity, and Cash Flows for the financial year 2025-26.Financial Performance Snapshot (FY 2026) Financial data shows that the company registered a net loss after tax of 3.66 Lakhs in the year ended March 31...

Kalyani Strategic Systems and Paramount Unveil Simha 4x4, Next-Generation Modular Vehicle at Eurosatory 2026 Kalyani Strategic Systems Limited (KSSL), the wholly-owned defence subsidiary of Bharat Forge Limited, alongside Paramount, unveiled Simha 4x4, a next-generation Light Armoured Multi-Purpose Vehicle (LAV). The launch took place at Eurosatory 2026 in Paris, France.The Simha 4x4 is designed as an ab initio platform to meet the rapidly evolving mobility and protection requirements of armed forces globally, specifically targeting markets in India, Africa, and South Asia. The vehicle is a modularly capable platform suitable for both Urban Warfare and On and Off-Road Reconnaissance operations. Its design philosophy allows for easy...