Markets

Sparc Electrex Ltd Delays Submission of Standalone Audited Financial Results for FY 2026 Sparc Electrex Limited announced a delay in submitting its Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The company stated that additional time is required to complete the extensive reconciliation of inter-branch accounts and balance confirmations across multiple locations to ensure the preparation of accurate financial statements.The Board of Directors' meeting, which was scheduled to consider the Standalone Audited Financial Results along with the Auditors Report for the period, has been rescheduled. The postponed meeting is set for Saturday, June 20, 2026, at 3:30 p.m. at the registered office of...

JSW Infrastructure Limited Recommends Final Dividend of Re. 0.90 Per Share for FY2025-26 JSW Infrastructure Limited announced a recommended final dividend for the financial year 2025-26, pending approval by its members at the forthcoming Annual General Meeting (AGM).The company's Board of Directors, during a meeting held on May 8, 2026, proposed a final dividend amounting to Re. 0.90/- per equity share. The recommendation was made against an equity share par value of Rs. 2/- each.The Board noted that the recommended dividend is subject to the approval of the company's members at the Annual General Meeting.To determine entitlement for this final dividend, JSW Infrastructure Limited has set Thursday, June 18, 2026, as the Record...

Patanjali Foods' GST Demand Proceedings Dropped After Authority Accepts Company's Reply Patanjali Foods Limited has successfully concluded a tax dispute after an authority dropped proceedings initiated against the company regarding alleged discrepancies in its Goods and Services Tax (GST) returns.The resolution follows a review of a show cause notice issued to Patanjali Foods, which detailed allegations concerning GST returns for the financial year 2022-23. The initial demand proposed by the regulatory authority amounted to Rs. 1352,92,49,106/- towards GST plus interest thereon.The company responded to the show cause notice submitted by the Office of the Assistant Commissioner (ST), Royapuram Assessment Circle in Chennai. Following...

Auto Pins Announces CFO Resignation as Chief Financial Officer Steps Down Auto Pins (India) Ltd has announced a change in its senior leadership, with Mr. Pradeep Singh Chauhan resigning from his position as Chief Financial Officer (CFO). The resignation is effective from June 13, 2026.Mr. Chauhan resigned from the post of CFO of the company. According to the details provided regarding this management transition, he cited other professional commitments as the reason for stepping down from the Key Managerial Personnel role.The specific details concerning Mr. Pradeep Singh Chauhan's departure are summarized below:ParticularsDetailsReason for ChangeDue to other professional commitments.Cessation DateJune 13, 2026.Detailed...

Promoter Pledges 100% of Shareholding in Adishakti Loha and Ispat Ltd Adishakti Loha and Ispat Limited has confirmed details regarding the pledge of a significant portion of its promoter's equity. The transaction involves Pawan Kumar Mittal and is linked to margin requirements for trading activities.The company, formerly known as Adishakti Loha and Ispat Limited, revealed that promoter Mr. Pawan Kumar Mittal had created a pledge over his shares in the listed entity. This encumbrance pertains to 100% of his total promoter shareholding.According to the details provided regarding the transaction, the pledged shares amount to 741,2525, which represents 11.25% of the company's total share capital. The pledge was executed on 16/03/2026 in...

Kabra Drugs Secures Letter of Intent from Chhattisgarh Government for ₹200 Crore Pharmaceutical Manufacturing Project Kabra Drugs Ltd has received a Letter of Intent (LOI) from the Government of Chhattisgarh regarding the proposed establishment of a pharmaceutical manufacturing facility in Nava Raipur Pharma Park, Chhattisgarh. This development is set to significantly bolster the company's operational capabilities and support its long-term growth strategy.The LOI was received on June 12, 2026. The project involves an investment estimated at approximately ₹200 Crore. This proposed venture aims to expand the company’s manufacturing footprint and enhance its overall industrial capacity.The planned facility includes related healthcare...

LE Lavoir Posts Consolidated Q1 Results: Total Income Reaches 202.53 Lakhs, Driven by Service Division LE Lavoir Ltd has released its consolidated financial results for the quarter ending March 31, 2026, alongside year-to-date figures covering the period from April 01, 2025, to March 31, 2026. The company reported total income of 202.53 Lakhs for the quarter.The financial performance details reveal a strong contribution from the Dry Cleaning & Laundry Services segment, which is primarily engaged in this business. While the agricultural products division recorded specific results, the service segment remains a key revenue driver.Key consolidated financial metrics for the period are summarized below:MetricQuarter Ended March 31...

Future Market Networks Completes Warrants Conversion, Allots 31.18 Lakh Equity Shares Future Market Networks Ltd has completed the allotment of equity shares following the conversion of convertible warrants, resulting in the issuance of 31,18,574 fully paid-up equity shares. The transaction involves the conversion of these warrants into equity stock based on established terms, with a total aggregated amount reported for the allotment at Rs. 3,49,59,215/-.The company approved the conversion of the specified convertible warrants, granting each warrant a one-to-one ratio equivalent to one equity share. The newly issued shares carry a face value of ₹ 10/- each and were allotted at a conversion price of ₹ 11.21/- per equity share.Details...

Deputy Commissioner of Income Tax Files Appeals Against Orders Related to Agile Real Estate Pvt Ltd. Kalpataru Limited has reported that the Deputy Commissioner of Income Tax (DCIT) has filed appeals before the Income Tax Appellate Tribunal regarding orders issued by the Commissioner of Income Tax (Appeals) (CIT(A)) concerning its subsidiary, Agile Real Estate Pvt Ltd.The company received information about the filing of these appeals on June 12, 2026. The DCIT initiated the appeals against the orders passed by CIT(A) for assessment years 2022-23 and 2023-24.This development follows previous actions related to tax assessments at the subsidiary level. Earlier, the Commissioner of Income Tax (Appeals) had issued Orders under Section...

SEBI Fights On: Regulator Moves Supreme Court Against SAT Relief Granted to Sahara Corp Managers in OFCD Case The Securities and Exchange Board of India (SEBI) has escalated a significant legal battle, moving the case before the Supreme Court after the Securities Appellate Tribunal (SAT) granted relief to key executives of Sahara India Commercial Corporation Ltd (SICCL). This move targets part of the SAT's ruling concerning the alleged illegal issuance of Optionally Fully Convertible Debentures (OFCDs).A specialized vacation bench consisting of Chief Justice Surya Kant and Justice V Mohana is set to hear SEBI’s plea on June 18. The challenge directly pertains to the legal culpability of four managers and the company secretary...

Panasonic Energy India's Financial Audit Qualified Over Battery Waste Management Rules Non-Compliance The standalone financial results for the financial year ended March 31, 2026, of Panasonic Energy India Company Ltd. have been subject to a qualified opinion from its statutory auditors regarding compliance with environmental regulations. The qualification stems from the company's inability to comply with the provisions of the Battery Waste Management Rules (BWMR), 2022.BSR and Co., the Statutory Auditors, issued a modified opinion on the audited results for the year ending March 31, 2026. This situation arose after the Board of Directors reviewed and approved the Standalone Audited Financial Results.The qualification is linked to...

Rajasthan Tube Manufacturing Company Ltd Reconstitutes Committees and Notes Auditor Resignations Rajasthan Tube Manufacturing Company Ltd approved significant changes regarding its corporate structure during a Board meeting held on June 13, 2026. The company also noted the resignations of both its Cost Auditor and Secretarial Auditor.The Board meeting saw the re-constitution of three key committees with immediate effect starting June 13, 2026: the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.The composition of these newly constituted committees is as follows:Committee Members:Mr. Ranjeet Kumar Pandey (Chairman, Independent Director) Mr. Mahendra Soni (Member, Independent...

Citadel Realty and Developers Ltd Announces FY2026 Results, Recommends Dividend; Clarifies Initial Filing Discrepancy Citadel Realty and Developers Limited has announced its audited financial results for the fiscal year ending March 31, 2026. The company's Board of Directors reviewed and approved the consolidated and standalone financial performance, recommending a final dividend to its shareholders.The Board meeting, held on May 27, 2026, considered and approved the Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026, noting that the Statutory Auditors issued an unmodified opinion on the results.Dividend Recommendation and Governance Updates The Board recommended a Final Dividend of...

Nivaka Fashions Ltd Appoints H R Bohra & Co. as Internal Auditor Following Change of Firm Nivaka Fashions Ltd has appointed M/s. H R Bohra & Co., Chartered Accountants, as the new Internal Auditor of the company for the Financial Year 2026-2027. This appointment comes following the cessation of the previous internal auditor, ensuring the continuity of the audit function within the company.The Board of Directors approved the appointment on June 13, 2026. M/s. H R Bohra & Co. is noted for having extensive experience in internal audit and Internal Financial Controls reviews, and they hold a valid Peer Review certificate. The decision was made to comply with the provisions of the Companies Act, 2013 and related requirements.The...

Global Health Ltd Schedules Meetings with Analysts and Institutional Investors Global Health Ltd has organized a series of meetings for its management team to meet with analysts and institutional investors, as detailed in a recent announcement. The meetings are scheduled across different locations and modes of engagement.The company is set to host two specific engagements: a Group Meeting with JP Morgan and a One to One meeting with IIFL Capital.Details regarding the investor/analyst interactions are presented below:NameDate of MeetingType of MeetingPlace of MeetingMode of MeetingJP MorganJune 17, 2026Group MeetingNoidaIn PersonIIFL CapitalJune 18, 2026One to OneLondonIn PersonThe company noted that no Unpublished...

NLC India Declared Preferred Bidder for Critical Mineral Block Auction NLC India Limited has been declared the Preferred Bidder for a critical mineral block auction conducted by the Ministry of Mines, GoI. The designation relates to the Govindpur Vanadium, Titanium & Aluminous Laterite block in Sanga Reddy, Telangana.The declaration followed the Critical and Strategic mineral blocks E-auction that took place on 12.06.2026, which was organized by the Ministry of Mines, GoI. NLCIL secured the Preferred Bidder status for this specific Govindpur mineral block.NLCINDIA Stock Price Movement NLC India Limited shares climbed robustly on Friday, with the stock closing at ₹316.30 after gaining 2.05% in the session. The stock traded actively...

Sanmit Infra Ltd Announces Resignation of Independent Director Ajay Nanik Chandwani Sanmit Infra Ltd has announced that Mr. Ajay Nanik Chandwani, a Non-Executive Independent Director, has resigned from his position with effect from the close of business hours on June 13, 2026.The company confirmed that the resignation was necessitated by advancing age and health reasons.Mr. Chandwani's departure is noted in alignment with corporate governance disclosures. In addition to the primary reason for stepping down, records indicate that the resigning director holds no directorships in other listed entities.The details regarding the change in directorial status are presented below:ParticularDetailsDirector NameAjay Nanik Chandwani...

Morarjee Textiles Appoints New Directors Following Approval of Resolution Plan Morarjee Textiles Ltd has appointed several individuals to its Board of Directors following the approval of its Resolution Plan by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The appointments, which became effective on June 4, 2026, include experienced leaders from various sectors, bolstering the company's strategic direction as it moves forward under the approved plan.The appointments were made in accordance with the terms of the Approved Resolution Plan, which was granted by the NCLT following the Insolvency and Bankruptcy Code (IBC) proceedings.Board Appointments and Profiles Three individuals have been appointed to the Board of...

Sati Poly Plast Approves Related Party Transactions with Promoter Group for Dholpur Plant Expansion Sati Poly Plast Limited (formerly known as Sati Poly Plast Private Limited) announced that its Board of Directors approved several related party transactions involving M/s Osho Tradeflex Private Limited, a promoter group company. These agreements relate to the operations and expansion of the company’s manufacturing unit in Dholpur, Rajasthan.The approvals detail both the lease of property and the hiring of necessary plant and machinery from M/s Osho Tradeflex Private Limited (OTPL).Revised Rent Agreement for Manufacturing Facility The Board approved the revised terms for the rent agreement pertaining to Sati Poly Plast’s manufacturing...

Shah Alloys Limited reports audited Standalone Financial Results for FY2026, notes major asset sales and bank settlement Shah Alloys Limited has released the audited Standalone Financial Results for the quarter and financial year ended March 31, 2026. The results include significant operational transactions such as the sale of multiple assets and a substantial settlement agreement with HDFC Bank. Furthermore, the company appointed M/s G MCA & Co., Chartered Accountants, as its Internal Auditor for the Financial Year 2026-27.The management noted that the Standalone financial results were reviewed by the Audit Committee and approved in the Board meeting held on May 30, 2026. The company also reported a correction to the Consolidated...