Markets

Mrs. Pushpa Pungalia's Holdings and Acquisition Details in Vishnu Prakash R Punglia Ltd Mrs. Pushpa Pungalia, a member of the Promoter group, has updated her holdings related to Vishnu Prakash R Punglia Limited (VPRPL). The changes pertain to shares and voting rights following a transaction completed on June 03, 2026.The acquisition was executed through a Pledge Invocation, and the details provided reflect Mrs. Pungalia's holding status before and after this event.Shareholding Details Before Transaction Before the acquisition under consideration, Mrs. Pushpa Pungalia held shares and voting rights in VPRPL listed on BSE Limited National Stock Exchange of India Limited.The pre-transaction holdings were as follows:Shares carrying...

Ramco Cements Updates Litigation Status on Outward Freight Credit After Ruling by Original Authority The Ramco Cements Ltd has provided an update regarding its litigation concerning the Disallowance of CENVAT Credit on Outward Freight. The company reported that its appeal before CESTAT related to the disputed credit amount of Rs. 2.33 crores was set aside and subsequently remanded to the Original Authority in January 2026.The matter, which was heard by the Original Authority following the remand, concluded with a favorable outcome for the company. The authority allowed an amount of Rs. 2.13 crores in favor of Ramco Cements Ltd. However, a demand was raised for the remaining balance amounting to Rs. 0.20 crores. This official order was...

Bhikhiben Balvantsinh Rajput Acquires Shares in Gokul Refoils & Solvent Ltd Through Open Market Transaction Bhikhiben Balvantsinh Rajput, acting as the acquirer along with a consortium of related parties, has increased their stake in Gokul Refoils and Solvent Limited. The acquisition was completed through an open market transaction on June 11, 2026.The acquisition involved the purchase of 6,200 shares carrying voting rights in Gokul Refoils & Solvent Limited (Target Company). This addition has slightly increased the Acquirer's stake and reinforced the combined holding held by the Promoter Group.Stakeholding Details Update Bhikhiben Balvantsinh Rajput was already a significant shareholder prior to the transaction, holding 2,27,25,400...

CTL Trusteeship Pledges 79 Lakh Shares of Archean Chemical Industries Ltd CTL Trusteeship Limited, acting as the Security Trustee on behalf of Lender(s), has pledged shares in Archean Chemical Industries Limited. The transaction details relate to the encumbrance of equity shares held by the company.The acquisition, which involves the pledge of stock, was recorded following an intimation date of June 10, 2026. CTL Trusteeship Limited's holding and subsequent pledging details reveal that they are not part of any promoter group in relation to this transaction. The mode of acquisition involved the pledge of equity shares of Archean Chemical Industries Limited in favour of CTL Trusteeship Limited acting as Security Trustee on behalf of...

Finolex Cables Receives Order Regarding E-way Bill Mismatch; Tax Demand Confirmed Finolex Cables Limited (FCL) has received an order from the Additional Commissioner, Grade-II Appeal, Lucknow Sector -9, Uttar Pradesh, concerning alleged discrepancies in invoice details on generated E-way bills. The determination leads to a specified tax demand totaling Rs. 1,29,698/-.The company received the direction of the order on June 12, 2026. The Commissioner's confirmation followed an investigation into the matter, which was initiated due to a mismatch of Invoice details on E-way bills generated for goods movement.Finolex Cables had previously stated that double E Way bills were created due to technical glitches, and the movement of goods...

Madhusudan Masala Limited Allots 895,000 Equity Shares Following Warrant Conversion; Total Proceeds Amount To Rs. 12,14,96,250 Madhusudan Masala Limited announced that its Board of Directors allotted 895,000 equity shares subsequent to the conversion and exchange of warrants held by several investors. This transaction increased the company's paid-up capital to Rs. 16,13,50,000.The allotment followed an initial issuance of a total of 17,45,000 Fully Convertible Warrants. These warrants were issued at a warrant issue price of Rs. 181/- per warrant (including the subscription and exercise price). The initial tranche saw investors pay 25% of the issue price, while the balance of 75% was payable upon the exercise of the option to convert...

NLC India Limited Achieves Commercial Operation of Ghatampur Thermal Power Project Unit-3, Boosts Installed Capacity NLC India Limited (NLCIL) has announced a significant operational milestone with the successful achievement of Commercial Operation Declaration (COD) for Unit-3 of its Ghatampur Thermal Power Project. The project unit reached COD on June 13, 2026.The accomplishment pertains to Neyveli Uttar Pradesh Power Limited (NUPPL), which is operating as a Joint Venture between NLC India Limited (holding a 51% stake) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) (49%). The successful COD of Unit-3 ensures that the Ghatampur Thermal Power Station, which has a capacity totaling 3x660 MW, is now fully operational and...

Prakash Industries Limited Secures Environmental Clearance for Bhaskarpara Coal Mine Expansion Prakash Industries Limited announced that its Bhaskarpara Coal Mine has received Environmental Clearance from the Ministry of Environment, Forest and Climate Change, Government of India. This clearance allows the company to increase the mine's production capacity significantly.The approval granted by the Ministry, detailed in a letter dated June 12, 2026, permits Prakash Industries Limited to raise the production capacity of the Bhaskarpara Coal Mine from 1.0 MTPA to 1.2 MTPA.This operational upgrade ensures the continued growth and expansion capabilities of the mine site for Prakash Industries Limited.PRAKASH Stock Price Movement On...

Shivalik Bimetal Controls Ltd Stock Market Presence Noted for 13/06/2026 <br> Shivalik Bimetal Controls Ltd is noted in financial records as of June 13, 2026. No transactional updates or operational changes have been reported regarding the company on this date.SBCL Stock Price Movement On Friday, shares of Shivalik Bimetal Controls Limited rallied, settling at ₹695.50 after gaining 4.65%. The closing action occurred amid a total traded volume of 499,764 shares.

Acuite Reaffirms Ratings for Batliboi Ltd.'s Bank Facilities Worth Rs. 109.50 Cr. Acuite Ratings & Research Limited has assigned and reaffirmed its ratings for the bank facilities of Batliboi Ltd., which total Rs. 109.50 Crore. The reaffirmation provides confidence regarding the company's financing structure, with specific long term and short term ratings being maintained by the agency.The rating details provided by Acuite Ratings & Research Limited are as follows:Rating AspectRating AssignedLong Term RatingACUITÉ BBB minusShort Term RatingA3These assessments pertain to the bank facilities extended to Batliboi Ltd., totaling Rs. 109.50 Crore. The ratings update underscores the current credit standing of Batliboi Ltd. as...

Ashoka Buildcon Ltd Announces Update on CRISIL Credit Ratings for Debt Instruments Ashoka Buildcon Limited has reported an update regarding the credit ratings of its debt instruments by CRISIL Ratings Ltd. The company confirmed that both long-term and short-term debt ratings were handled by the rating agency, with subsequent updates provided to the market.In terms of long-term debt, Ashoka Buildcon’s instruments received a 'CRISIL AA-/Negative (Reaffirmed)' rating.For its short-term debt, the company's rating was reported as 'CRISIL A1+ (Reaffirmed)'.The update confirmed that CRISIL Ratings withdrew both the long-term and short-term debt ratings at the request of Ashoka Buildcon Limited, aligning with the established policy of...

SBI Mutual Fund Reduces Stake in Petronet LNG through Market Sale SBI Mutual Fund under its various schemes has sold a portion of its shares in Petronet LNG Ltd., reducing its stake following a market transaction conducted on June 11, 2026.The sale involved 68,77,597 shares carrying voting rights, representing 0.4585% of the paid-up share capital of Petronet LNG Ltd. The divestment was executed as a Market Sale & Purchase.Prior to this transaction, SBI Mutual Fund held 4,85,70,582 shares, constituting a 3.2380% stake in the company. Following the sale, the fund's final holding stands at 4,16,92,985 shares, which amounts to 2.7795% of Petronet LNG Ltd.'s paid-up share capital.The transaction details and resulting holdings are...

Prakash Jasvantbhai Shukla Appointed as Additional Non-Executive Independent Director of Salasar Exteriors and Contour Limited Salasar Exteriors and Contour Limited has appointed Mr. Prakash Jasvantbhai Shukla as an Additional Non-Executive Independent Director of the company. The appointment was made by the Board of Directors following a meeting held on June 13, 2026.The decision follows the recommendation of the Nomination and Remuneration Committee and is effective from June 13, 2026, subject to subsequent Shareholders' approval. Mr. Shukla has been appointed to contribute his expertise in alignment with the company's business growth and management requirements.In terms of disclosure, the Board confirmed that Mr. Shukla is not...

Pharmaids Pharmaceuticals Ltd Provides Corporate Guarantee for Subsidiary’s Loan Facility Pharmaids Pharmaceuticals Ltd has extended a corporate guarantee in favor of Adita Bio Sys Private Limited, an unlisted material subsidiary, following the subsidiary's arrangement for a new loan facility.The company provided the guarantee to State Bank of India, SME Branch, to secure the loan facility under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The Corporate Guarantee Agreement was entered into on the intimation date and amounts to Rs. 55,00,000 (Rupees Fifty-Five Lakhs only).The guarantee provided by Pharmaids Pharmaceuticals Ltd stems from a decision made during its Board Meeting held on May 29, 2026. The company had...

Sparkle Gold Rock Reports Financial Results for FY2026; Audit Highlights Issues in Related Party and MSME Compliance Sparkle Gold Rock Limited, formerly known as Sree Jayalakshmi Autospin Limited, has reported its financial results for the quarter and year ended March 31, 2026. The company posted a net profit of 414.58 lakh rupees for the full fiscal year.The company's performance, alongside several material findings raised during the audit, indicates significant operational activity in the gold rock sector. The financial statements have been audited by G.R. Gupta and Company, Chartered Accountants.Key Financial Highlights (As at March 31, 2026) The consolidated results for the year ended March 31, 2026 show a total income of...

Prime Minister to Europe for Historic State Visit as India Targets Tech Dominance at G7 Summit The Prime Minister of India is set to embark on a significant international tour, encompassing strategic engagements with France, a historic state visit to Slovakia, and participation in the G7 Summit. The series of visits, scheduled from June 13 to June 18, 2026, underscores India’s deepening global commitments across technology, bilateral trade, and multilateral forums.The trip follows previous high-level interactions with French President Emmanuel Macron, who elevated the relationship between India and France to a Special Global Strategic Partnership earlier this year. The Prime Minister looks forward to reviewing mutual cooperation...

NSE Grants In-Principle Approval for Virtuoso Optoelectronics Equity Shares Migration to Main Board Segment Virtuoso Optoelectronics Ltd has received in-principle approval from the National Stock Exchange of India Limited (NSE) regarding the migration of its equity shares. The approval pertains to moving the company's listing from the SME Platform of BSE to the Capital Market Segment (Main Board) of NSE.The NSE granted the in-principle approval on June 12, 2026, for the proposed migration of trading in the company’s stock. This move signifies a transition for Virtuoso Optoelectronics Ltd from the specialized SME market platform to the broader Capital Market Segment of the National Stock Exchange of India Limited.The key details...

Jio Financial Services Executives Participate in Institutional Investors' Meeting Abroad Jio Financial Services Limited executives participated in an Institutional Investors' Meeting hosted by a third party on June 12, 2026. The event was structured as a Non-Deal Roadshow held in person in Boston.The company confirmed that the meeting involved discussions only using information available in the public domain. No unpublished price sensitive information was shared or discussed during the gathering.The details of the Institutional Investors' Meeting are summarized below:DateType of Meeting/EventModeNature of MeetingJune 12, 2026Non-Deal RoadshowIn-Person (Boston)One-on-One / GroupJIOFIN Stock Price Movement Jio Financial...

JSW Energy Signs Agreement to Acquire 300 MW Thermal Power Plant, Targeting 30 GW Capacity by FY2030 JSW Energy Limited has entered into a definitive agreement for the acquisition of Maruti Clean Coal and Power Limited (MCCPL), a company that operates a significant thermal power project in Chhattisgarh. The transaction aims to bolster JSW Energy's thermal generation capacity and support its strategic goal of achieving 30 GW capacity by Fiscal Year 2030.The acquisition involves securing 100% equity shares of MCCPL from Kolahai Infotech Private Limited and SFI Parcel Services Private Limited. Upon the completion of the transaction, MCCPL will become a wholly-owned subsidiary of JSW Energy.MCCPL is an established thermal power...

Salasar Exteriors and Contour Limited Appoints Prakash Shukla as Additional Non-Executive Independent Director Salasar Exteriors and Contour Limited announced the appointment of Mr. Prakash Jasvantbhai Shukla as an Additional Non-Executive Independent Director, effective June 13, 2026. The decision was taken by the company's Board of Directors, based on a recommendation from the Nomination and Remuneration Committee.The appointment is subject to subsequent approval by the Shareholders.Mr. Shukla’s profile includes educational qualifications such as T.Y.B.A., which he completed from Gujarat University in 2011. He possesses experience within the agriculture sector, demonstrating expertise in agricultural operations, crop cultivation...