Markets

Angel One Resolves SEBI Proceedings: Company Pays ₹4.28 Crore to Settle Adjudication and Enquiry The Securities and Exchange Board of India (SEBI) has issued a Settlement Order concerning the adjudication and enquiry proceedings against Angel One Limited. The company agreed to settle the complex charges following negotiations, marking the conclusion of two major regulatory processes initiated by SEBI in May 2025.The settlement order was released on June 15, 2026. It formally addresses Adjudication Application No. 8564/2025 and Enquiry Application No. 8565/2025. The proceedings were initially initiated against Angel One Limited (AOL) for alleged violations spanning several regulations.The Core Violations: What Angel One was Charged...

MMTC Confirms No Significant Event Behind Surging Stock Volume MMTC Ltd has addressed queries regarding a recent spurt in trading volume for its equity shares. The company stated that, based on their knowledge, there is no significant event that would impact the stock prices or the trades of the company's shares.In response to an inquiry concerning the heightened volume, MMTC clarified its position. The company maintained that it does not possess any information regarding a material event that required disclosure to stock exchanges, confirming that the volume increase was unrelated to specific corporate developments.MMTC Stock Price Movement Today, shares of MMTC Limited climbed to settle at ₹70.19 after gaining 2.85% in post-market...

Shree Securities Ltd Approves Reclassification of Promoters to Public Category Shareholders Shree Securities Ltd's Board of Directors approved the re-classification request for several promoters and promoter group members, transitioning their status from 'Promoter/Promoter Group' category to 'Public' category shareholders. The decision follows a review of submissions confirming that these individuals and entities do not hold key managerial positions or participate in the company’s management operations.The Board meeting, held on June 15, 2026, accepted the request for re-classification from Amrita Sharma, Subhash Chandra Dadhich, Faber Trexim Private Limited, Meghshree Credit Private Limited, and Manik Chand Pugalia. These individuals...

NCLT Extends Corporate Insolvency Resolution Process for Quadrant Televentures Ltd by 60 Days The National Company Law Tribunal (NCLT) has granted an extension of sixty days to the Corporate Insolvency Resolution Process (CIRP) of Quadrant Televentures Limited, extending the timeline from May 31, 2026, until July 29, 2026.Quadrant Televentures Limited is undergoing CIRP under the purview of the NCLT, which began on September 2, 2025. The decision to grant the extension was made following deliberations by the Committee of Creditors (CoC), who deemed the extended time necessary for completing essential compliances and negotiations with Prospective Resolution Applicants (PRAs).The Tribunal's order granted this second extension after a...

Wendt (India) Ltd Confirms No Immediate Material Announcements Regarding Volume Behavior Wendt (India) Ltd has issued a statement clarifying its position concerning queries related to the volume behavior of its scrip. The company addressed communications seeking information or announcements that could potentially affect its stock volume trends.The company stated that, as of the date of the communication, there are no impending material announcements required to be made immediately to stock exchanges, according to the Company’s Materiality Policy.Wendt (India) Ltd maintained that it consistently adheres to requisite disclosures under its established materiality policy and the guidelines laid down by the Board of Directors concerning...

Vedant Fashions Limited communicates with shareholders regarding transfer of unclaimed dividends to IEPF Vedant Fashions Limited has initiated communication with concerned shareholders whose dividend payments have remained unpaid or unclaimed for specific years. The company issued these communications regarding the process of transferring such shares and associated dividends to the Investor Education and Protection Fund (IEPF).The company utilized multiple methods to reach the relevant shareholders. Concerned parties were notified through emails sent to their registered email addresses, as well as physical reminder letters dispatched to their registered postal addresses.These notifications informed shareholders about the imminent...

Vinati Organics Recommends Final Dividend of Rs 8.50 Per Equity Share Vinati Organics Limited announced the recommendation of a Final Dividend for its shareholders, setting the stage for potential payment following shareholder approval at the upcoming Annual General Meeting (AGM). The dividend is set at Rs 8.50/- per equity share, based on a face value of Re. 1/- each, and is subject to ratification by the shareholders.The Board of Directors recommended this Final Dividend during its meeting held on May 12, 2026. As per the provisions of the Income Tax Act, 2025 (as amended by the Finance Act, 2026), dividends paid or distributed are taxable in the hands of the shareholders, necessitating tax deduction at source (TDS) upon payment if...

ICICI Lombard Reassures Drivers: E20 Fuel Use Will Not Lead to Motor Insurance Claim Rejection ICICI Lombard General Insurance has definitively clarified that the use of E-20 fuel, a blend containing 20 percent ethanol, will not invalidate motor insurance policies. The insurer reaffirmed on June 15, 2026, that claims will not be rejected merely because a vehicle is operating on the increasingly standard ethanol-blended fuel.This clarification comes after previous guidance from an ICICI Lombard blog post had generated confusion among consumers regarding potential claim admissibility in older or incompatible vehicles. The insurance company has now removed all ambiguity surrounding this matter.Clarifying Concerns Over E20 Fuel and...

Harshdeep Hortico Ltd cancels participation in Samruddhi Season 3 - Nav-Bharat ka Caravan Harshdeep Hortico Limited has decided to cancel its participation in the investor conference titled 'Samruddhi Season 3 - Nav-Bharat ka Caravan.' The event is organized by Hem Securities Limited.The company confirmed that due to certain unavoidable circumstances, officials of Harshdeep Hortico Limited will not be participating in the programme. This follows an earlier intimation regarding their planned involvement in the investor conference.The ‘Samruddhi Season 3 - Nav-Bharat ka Caravan’ was scheduled for June 15, 2026. The cancellation means that company officials will no longer attend the said investor conference.Stock Price Movement...

Indian Toners & Developers Ltd. Sets Record Date for Share Subdivision Indian Toners & Developers Ltd., a government recognized Export House, has confirmed the record date related to the subdivision of its equity shares following an approval by its members. The company fixed July 17, 2026, as the designated Record Date to ascertain the eligibility of shareholders entitled to the stock split.The decision for the share division was approved by the members of Indian Toners & Developers Limited on June 12, 2026, through a postal ballot conducted via remote e-voting.Following this member approval, the Board of Directors established the terms and timeline for the equity shares subdivision. The split involves changing the face value of the...

Infrastructure Revolution: How Digital Finance and Green Energy are Reshaping India's Daily Life A decisive journey of governance between 2014 and 2026 has fundamentally transformed daily life for Indian citizens. The past twelve years have been marked by ambitious programs that brought dignity, security, and opportunity to millions across rural and urban landscapes. This transformation is rooted in mission-led governance, rapidly advancing key areas like housing, energy provision, and transport connectivity.Housing and Urban Development Breakthroughs The promise of secure shelter has been realized through the Pradhan Mantri Awas Yojana (PMAY). PMAY-U, which provides pucca houses to urban households, has sanctioned over 1.25 crore...

Lykis Ltd Changes Name to Krowniq Limited; Announces Key Leadership Appointments and Governance Limits Lykis Ltd has made several pivotal decisions regarding its corporate structure, leadership appointments, and operational governance following a recent Board meeting. Among the key announcements is the planned name change of the company from Lykis Limited to Krowniq Limited, which requires consequential amendments to its Memorandum and Articles of Association, pending member approval at the ensuing AGM.The board meeting also approved significant changes relating to the company's management and compliance framework.Leadership Appointments and Director Regularizations Several key personnel were appointed or regularized during the...

Job Market Signals Stress: India's Unemployment Surges to 5.5% as Rural Jobs Deteriorate Unemployment Rate Hits 11-Month High in May India’s labour market is showing signs of weakening following the release of the latest Periodic Labour Force Survey (PLFS) data for May 2026. The national unemployment rate rose, reaching 5.5 percent, which marks an 11-month high. This figure was up from 5.2 percent recorded in April.This is the fourth consecutive month that the overall unemployment rate has increased. The trend signals a softening in job market conditions across parts of the economy.Rural Unemployment Drives Up National Rate The primary driver for the increase in national unemployment was the sharp rise observed in rural employment...

Sudarshan Chemical Inaugurates Second Global Head Office in Frankfurt Amid Post-Integration Growth Sudarshan Chemical Industries Limited, a leading global provider of pigment and color solutions, inaugurated its second global head office in Frankfurt, Germany. The milestone underscores the company's post acquisition growth ambitions and commitment to expansion across Europe.The inauguration took place on June 9, 2026. The new facility is located at the Hillsite Office Building in Schwalbach am Taunus, near Frankfurt, Germany. This office will function alongside Sudarshan’s existing global head office based in Pune, India.Spanning nearly 21,000 sq ft, the open-plan space is designed to foster collaboration and integration across the...

Kiran Vyapar Ltd Confirms Compliance on Stock Price Movement Kiran Vyapar Ltd has affirmed its commitment to continuous disclosure regarding events that may influence the operations and performance of the company. The statement addressed clarifications concerning significant movements observed in the securities price of the company.The company confirmed that it has been regularly providing necessary information and making all required disclosures relating to material events, including all price sensitive information, as needed from time to time.In response to inquiries regarding the stock movement, Kiran Vyapar Limited clarified that there is no pending information that would affect the price or volume behavior of its securities, in...

NCLT Dismisses Insolvency Application Against McNally Bharat Engineering Company Limited Mcnally Bharat Engineering Company Limited has received a decision from the National Company Law Tribunal (NCLT) regarding an application filed under the Insolvency and Bankruptcy Code, 2016.The NCLT issued an Order on June 10, 2026, in connection with an application that was dismissed and disposed of by the tribunal. The matter pertains to the company's proceedings related to a specific IA (IBC) No. 294 /KB/2026 and CP (IB) No. 891/KB/2020, which involved an application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.The Order issued by the Hon'ble NCLT mandates certain actions directed at the Applicant/SRA. The tribunal...

IDFC First Bank Schedules Multiple Investor Conferences in June 2026 IDFC First Bank Limited has outlined a series of upcoming investor conferences and meetings scheduled for June 2026, engaging with major institutions and financial firms across various platforms.The schedule includes high-profile events held globally and domestically. The bank confirmed its engagements spanning three different dates and locations in the coming weeks.Key investor interactions are set to include:HSBC India Corporate Day: Scheduled for June 18, 2026, and June 19, 2026 at The Fullerton in Singapore. CLSA India Webinar: This virtual event is slated for June 22, 2026. JM Financials - India Finance Forum 2026: This conference will take place on June...

Shree Krishna Infrastructure Ltd's Financial Results Qualified Due to Audit Findings for FY 2025-2026 Shree Krishna Infrastructure Ltd has reported that its financial statements for the fiscal year ended March 31, 2026, are subject to an audit qualification following review by auditors. The statement concerns the impact of this qualification on the company's financial standing and performance.The qualification arose due to challenges in verifying critical transactions during the current financial year. Management faced difficulties because sufficient and appropriate financial and accounting records were not available to support transactions recorded in the books of accounts. These deficiencies included bank statements, loan...

Gujarat Cotex Ltd Commences Work at Salangpur Hotel Project Gujarat Cotex Ltd has announced the commencement of construction and interior work for its Salangpur Hotel project. The beginning of these essential works marks a significant step toward bringing the hotel facility to fruition.The company confirmed that the hotel project is progressing, with operations expected to begin by Diwali. This development provides clarity on the future operational timeline for the amenity.Stock Price Movement Shares of Gujarat Cotex Ltd closed at ₹4.13, registering a 4.84% decline in value. The shares remained completely flat throughout the session, having traded exclusively within the ₹4.13 range.

Apollo Healthtech Governance Structure Unveiled as Composite Scheme Advanced Apollo Hospitals Enterprise Limited has provided detailed information regarding its proposed composite scheme of arrangement, which involves Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited, aimed at unlocking strategic and financial potential through the separation of Apollo Healthtech.The strategic rationale behind separating and independently listing Apollo Healthtech Limited has been presented to the market as a value-unlocking initiative. This move is intended to enable sharper strategic focus, enhanced operational agility, improved visibility into performance, and greater flexibility in capital allocation for the...