Markets

NCLT Allows Scheme of Arrangement, Dispensing Meetings for SFL and Directing Shareholder Vote for Sammaan Capital Limited The National Company Law Tribunal (NCLT) has passed an order allowing a first motion application concerning the proposed Scheme of Arrangement between Sammaan Capital Limited (SCL) and Sammaan Finserve Limited (SFL). The scheme involves the demerger of SFL’s NBFC business into SCL, which is intended to consolidate the companies' financial operations.The NCLT Order, dated June 12, 2026, outlined several key decisions regarding the operational aspects of the Scheme. Crucially, the Tribunal dispensed with the necessary meetings for both the equity shareholders and the secured and unsecured creditors of SFL.In...

Abhishek Integrations Limited Announces Preferential Allotment of Equity Shares Abhishek Integrations Limited has announced the successful completion of a preferential issue following its Board meeting held on June 13, 2026. The company allotted equity shares totaling 3,16,500 to allottees at a fixed issue price.The allotment involved issuing three lakh sixteen thousand five hundred equity shares at an issue price of Rs. 55.00 per share. This price includes a share premium of Rs. 45.00 per share. The total proceeds generated from the preferential issue amounted to Rs. 1,74,07,500 (Rupees One Crore Seventy Four Lac Seven thousand Five Hundred Only).The terms of the allotment were approved by the Members of the Company.Financial...

Tera Software Achieves Wholly Owned Subsidiary Status of TS Innovations Private Limited Tera Software Ltd has completed the acquisition of the remaining equity shares in TS Innovations Private Limited (TSIPL), making the entity a wholly owned subsidiary of the company as of June 13, 2026. The transaction involves the purchase of 2,600 equity shares from Sitra Infotech Private Limited, which is an existing promoter group entity.The acquisition finalized on June 13, 2026, allowing Tera Software to increase its shareholding in TSIPL from 74% to 100%. Prior to the transaction, TSIPL was already a subsidiary of Tera Software Ltd.The total consideration paid for the remaining equity stake was 126,000/-. The acquisition is an inter-se deal...

R.P.P. Infra Projects Reports Financial Performance for FY 25-26, Details Order Book Expansion R.P.P. Infra Projects Limited has presented a summary of its financial performance and operational status for the quarter and year ended March 31, 2026. The company highlighted significant growth in new project acquisitions while noting shifts in revenue mix and associated changes in profitability.The management provided an overview of the current order book, which stands at 39 projects with outstanding work valued at ₹3750.83 crores as of the reporting date. During the period leading up to March 2026, RPP Infra Projects was awarded a total of 11 new projects worth ₹2470.14 crores in India.Regarding international operations, the company...

Naturo Agrotech Accepts Resignation of Additional Director Mukesh Manveer Singh Naturo Agrotech India Limited, formerly known as Naturo Indiabull Ltd, has accepted the resignation of Mr. Mukesh Manveer Singh from the position of Additional Director.The company’s Board of Directors confirmed the acceptance of the resignation, which was effective from June 12, 2026.During a meeting held on Saturday, June 13, 2026, the Board reviewed the resignation letter submitted by Mr. Mukesh Manveer Singh (DIN: 01765408).The board accepted the resignation and recorded appreciation for the cooperation, assistance, and guidance provided by Mr. Mukesh Manveer Singh throughout his tenure as Additional Director of Naturo Agrotech India Limited...

Mikusu India Acquires Shares in Daikaffil Chemicals, Increasing Stake Through Open Market Purchase Mikusu India Private Limited has increased its stake in Daikaffil Chemicals India Ltd after acquiring 3,700 equity shares of the target company on June 12, 2026. The acquisition was conducted through the open market of the BSE.The purchase allows Mikusu to boost its holding percentage in Daikaffil. Prior to the transaction, Mikusu held 29,55,388 equity shares, representing 49.26% of the total voting capital. Following the acquisition, the company's stake rose to 29,59,088 shares, which constitutes 49.32% of the issued share capital.The transaction details indicate that Mikusu India Private Limited holds a controlling interest in...

Pasupati Spinning & Weaving Mills Ltd Announces Resignation of Independent Director Pasupati Spinning & Weaving Mills Ltd has announced the resignation of Mr. Umesh Chandra Tripathi from the board. The resignation, effective June 13, 2026, was tendered due to personal reasons.Following his departure, Mr. Tripathi will cease to be a member of both the Audit Committee and the Nomination and Remuneration Committee of Pasupati Spinning & Weaving Mills Ltd.The company confirmed that all necessary details regarding this change were documented. Mr. Tripathi's tenure is ending with the close of business hours on June 13, 2026.Details concerning the resignation and associated disclosures are as follows:ParticularsDescriptionReason...

Jenisha Het Shah Resigns as CEO of Rita Finance and Leasing Ltd Rita Finance and Leasing Ltd has announced that Mrs. Jenisha Het Shah has resigned from her position as Chief Executive Officer (CEO). The resignation is effective as of June 13, 2026.Mrs. Shah submitted her resignation after careful consideration, stating a desire to pursue new professional opportunities that align with her long-term career goals and aspirations. She also confirmed her commitment to extending full cooperation during the transition period to ensure a smooth handover of responsibilities and ongoing matters.The key details regarding this executive change are as follows:ParticularsDetailNameJenisha Het ShahDesignationChief Executive Officer (CEO)...

High Court Grants Bail to NESCO Executive Following Prior Arrest The Hon'ble High Court in Mumbai granted bail to the Senior Managerial Personnel of NESCO Ltd., who holds the position of Vice President (Events and Exhibitions). The development comes following the arrest of the executive, regarding which a previous intimation had been made by the company on April 13, 2026.The High Court ruling granting bail took place on June 12, 2026. As of now, the matter remains sub judice.NESCO Ltd. stated that it will continue to monitor all ongoing developments related to the case and will provide further disclosures if deemed necessary in accordance with regulatory requirements.NESCO Stock Price Movement Shares of Nesco Limited slipped by...

Tata Communications Allots 16,749 Equity Shares Under Employee Stock Unit Plan 2023 Tata Communications Ltd has completed the allotment of equity shares arising from its Employee Stock Unit Plan 2023. The company's Nomination and Remuneration Committee approved the issuance of 16,749 equity shares to eligible employees upon the exercise of their vested stock options under the plan.The issuance details relate to the Tata Communications Limited - Employee Stock Unit Plan 2023. Prior to this allotment, the company had obtained in-principle approvals from BSE Limited and the National Stock Exchange of India Limited for the listing of equity shares generated by this plan, with approvals secured on August 31, 2023.The Company confirmed...

Organic Coatings Ltd Announces Resignation of Secretarial Auditor Organic Coatings Limited, a manufacturer of printing inks and allied products, has announced that its firm, M/s J.J.Gandhi & Co., Practicing Company Secretaries, tendered their resignation as the company's Secretarial Auditor. The change is effective immediately as of June 10, 2026, covering the financial year 2026-17.The resignation was submitted by Mr. J.J. Gandhi to Organic Coatings Ltd., citing personal reasons for being unable to continue in the role of Secretarial Auditor.Details regarding this transition are presented below:DetailsInformationAuditor FirmM/s J.J.Gandhi & Co.Reason for ChangeResignation due to personal reasons, effective immediately...

Corporate Declarations Filed Regarding Shareholdings for Maagh Advertising and Marketing Services Ltd Maagh Advertising and Marketing Services Ltd and Miniboss Consultancy Private Limited have issued declarations pertaining to shareholding statuses for the financial year ending March 31, 2026. These statements address substantial acquisitions and encumbrance over shares related to the company.The declaration made by Maagh Advertising and Marketing Services Ltd concerns Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisitions & Takeovers) Regulations, 2011, covering the year ended March 31, 2026.In a related declaration issued on April 2, 2026, Miniboss Consultancy Private Limited confirmed details...

CSB Bank Holds One on One Meeting with Locus Investment Group in Mumbai CSB Bank Ltd confirmed holding an institutional investor meeting with Locus Investment Group in Mumbai on June 12, 2026.The engagement between the bank and the investment firm was categorized as a one on one session, aimed at providing insights to the analyst/institutional investor. Regarding the specifics of the meeting, CSB Bank stated that no unpublished price sensitive information (UPSI) was shared with Locus Investment Group during the interaction.Details of the scheduled institutional investor meetings are summarized below:Analyst/Institutional InvestorVenueMeeting TypeSharing of Unpublished Price Sensitive Information (UPSI)Locus Investment...

Karbonsteel Engineering Ltd Holds Earnings Conference Call for Half-Year and FY2026 Results Karbonsteel Engineering Ltd held an earnings conference call for its analysts and investors regarding the Audited Financial Results for the half-year and year ended March 31, 2026.The conference call was conducted through digital means on Friday, June 12, 2026, at 4:00 P.M (IST). The event provided stakeholders with details concerning the company's performance as reflected in the financial results for both the half-year and the fiscal year ending March 31, 2026.The audio recording of the earnings conference call is now available on the official website of Karbonsteel Engineering Ltd at https://karbonsteel.com/.Stock Price Movement...

AWL Agri Business Limited Announces 28th Annual General Meeting; Seeks Approval for Material Related Party Transaction and Director Reappointments AWL Agri Business Limited (formerly Adani Wilmar Limited) has scheduled its 28th Annual General Meeting (AGM) for July 7, 2026. The meeting, which will be conducted through Video Conferencing or other Audio-Visual Means at the company’s registered office in Ahmedabad, is intended to transact several critical matters, including the adoption of annual accounts, declaration of dividends, and reappointments of key directors.The AGM encompasses a range of business transactions, including the approval of a material related party transaction (RPT) involving Wilmar Trading Pte. Ltd., as well as the...

Naturo Agrotech India Announces Resignation of Executive Director Mukesh Manveer Singh Naturo Agrotech India Limited, formerly known as Naturo Indiabull Ltd, has reported the resignation of Mr. Mukesh Manveer Singh from his position as an Executive Director of the company. The change in directorship was effective from the close of business on June 12, 2026.The company confirmed that the resignation stems from personal reasons.Mr. Mukesh Manveer Singh held a qualification of B.COM from Rajasthan University and possesses PAN No: AMHPM1429Q.Key details regarding the change in directorial position are summarized below:DetailInformationDirector NameMr. Mukesh Manveer SinghPositionExecutive Director/Additional DirectorDate...

Cyient Announces Plan to Buy Back Up To 6.4 Million Equity Shares at INR 1,125 Per Share East Hartford, CT | Hyderabad - June 12, 2026: Cyient Limited has announced a plan to buy back up to six million and four hundred thousand fully paid-up equity shares of the company. This move follows approval by the Board of Directors on April 23, 2026, and through shareholders via a special resolution conducted by postal ballot on June 10, 2026.The buyback targets up to 5.76% of the existing total paid-up equity share capital. The company intends to purchase these shares for an aggregate amount of up to INR 7,200,000,000.Details of the transaction specify that the shares, which have a face value of INR 5 each, will be acquired through a Tender...

Expleo Group and Services Enter Into Multiple Financial Security Pledges Backing Senior Facilities Agreement Expleo Solutions Limited, through its group companies, has entered into several financial securities pledge agreements with Société Générale to secure payment obligations under a senior facilities agreement. These pledges involve shares held by indirect shareholders in favor of the French bank acting as security agent.The pledged instruments were executed across multiple jurisdictions and date ranges, spanning from 2017 to June 2026, and include pledges made by Expleo Group and Expleo Services against shares of Expleo Services or related entities. The senior facilities agreement, which these pledges secure, has commitments...

H.G. Infra Engineering Limited Receives Letter of Intent from REC for InterState Transmission Project H.G. Infra Engineering Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited. The intent relates to establishing an InterState Transmission system for the 'WR -ER Inter - Regional Network Expansion Scheme -Part C' in the state of Jharkhand.The receipt of the LOI, dated June 13, 2026, confirms H.G. Infra Engineering Limited’s involvement in this major infrastructure project. The establishment of the transmission system will proceed through a tariff based competitive bidding process.This development follows an earlier announcement made by the company on May 27, 2026, providing initial details...

Phaarmasia Ltd Assesses Stock Price Movement As Purely Market-Driven Phaarmasia Ltd has addressed recent inquiries regarding significant movements in the price of its security, stating that the stock performance appears to be purely market-driven and not attributable to any specific company event.The Company reviewed the price movement and confirmed that all information pertaining to its operations and performance is already available in the public domain. Phaarmasia Ltd stated that there is no unpublished price sensitive information or pending announcement that could influence the security's valuation.Addressing the nature of the stock volatility, the company noted that the communication received referenced the 'recent past'...