Markets

Kirloskar Ferrous Industries Reports Q1 and FY Financial Results Amid Merger Completion Kirloskar Ferrous Industries Limited (KFIL) has released its audited financial results for the quarter and the full year ended March 31, 2026. The company reported the results following a significant operational event: the completion of a Scheme of Arrangement involving two transferor companies.The Board of Directors approved these post-merger audited financial statements on June 12, 2026.Consolidated Financial Performance Highlights (Q1 and FY ended March 31, 2026) KFIL's consolidated results show specific performance metrics across various periods. The company operates in three segments: Iron Castings, Tubes, and Steel, with segment information...

NTPC Group Capacity Update: Subsidiary Declares COD for 50 MW Solar Capacity in Rajasthan NTPC Limited announced that its subsidiary, NTPC Green Energy Limited (NGEL), has declared the Commercial Operation Date (COD) for a third-party solar capacity component within a renewable energy project. The achievement pertains to a facility located in Rajasthan and marks progress towards larger renewable capacity targets under the 200 MW RE Round The Clock (RTC) project.The declaration, effective from June 14, 2026, pertains to a 50 MW solar capacity component of the third party. This specific addition contributes to the cumulative goal of 250 MW Solar and is part of a larger 300 MW Solar component within the RTC project framework.The...

Adisoft Technologies Limited Achieves ISO 9001:2015 Certification for Quality Management System Adisoft Technologies Limited has secured ISO 9001:2015 certification for its Quality Management System. The achievement, granted by TUV INDIA PVT. LTD., recognizes the company's commitment to maintaining high standards of quality, operational efficiency, customer satisfaction, and continuous improvement across its business operations.The certification was awarded following a comprehensive assessment of the company's processes and systems. This milestone highlights Adisoft Technologies Limited's dedication to adopting globally recognized quality management practices, which strengthens its credibility among customers, stakeholders, and...

Pennar Industries Receives In-Principle Approval for Issue of Convertible Equity Warrants to Promoters Pennar Industries Limited has received in-principle approval from both the National Stock Exchange of India (NSE) and BSE Limited regarding the issue of convertible equity warrants to its promoter category on a preferential basis. The approvals were issued on June 12, 2026.The In-Principle approval relates to an application seeking permission for the issue of 30,00,000 warrants. These warrants are designed to be converted into 30,00,000 equity shares. The details specify that the conversion will occur at a price not less than Rs. 168/- and is aimed at promoters on a preferential basis.The approvals from the exchanges indicate...

Mono Pharmacare Limited Announces Extra-Ordinary General Meeting and Record Date for Shareholders Mono Pharmacare Limited has announced the details pertaining to its upcoming Extra-Ordinary General Meeting (EGM) and has fixed the record date for determining shareholder eligibility for remote e-voting.The Extraordinary General Meeting of the Company is scheduled to be held on Tuesday, June 30, 2026, at the company's registered office.To facilitate remote e-voting for the EGM set for June 30, 2026, the company has established a specific record date. Shareholders are advised of the details regarding their eligibility determination in relation to the equity shares of Mono Pharmacare Limited (MONOPHARMA).The following table provides a...

US FDA Inspects Aurobindo's Subsidiary; Facility Receives 'Official Action Indicated' Classification The United States Food and Drug Administration (US FDA) has concluded an inspection of Eugia Unit-III, a formulation manufacturing facility belonging to Eugia Pharma Specialities Ltd., a wholly owned subsidiary of Aurobindo Pharma Limited. The inspection process highlighted several observations regarding the manufacturing site in Telangana.The US FDA conducted the inspection at the Pashamylaram facility located at Phase-III, TSIIC, EPIP, IDA, Pashamylaram, Patancheru Revenue Mandal, Sangareddy District, 502307, Telangana. The inspection took place from January 27 to February 06, 2026.Following the assessment by the FDA, the facility...

Aurum PropTech Limited's Subsidiaries Merger Approved by Ministry of Corporate Affairs Aurum PropTech Limited has confirmed the successful approval of the merger between two of its wholly owned subsidiaries: Aurum Softwares and Solutions Private Limited and Liv Real Solutions Private Limited. The scheme of merger has been formally approved by the Regional Director, Western Region II, Ministry of Corporate Affairs.The strategic integration involves the merger of Aurum Softwares and Solutions Private Limited (the Transferor Company) with Liv Real Solutions Private Limited (the Transferee Company). This action is part of the overall structure managed by Aurum PropTech Limited.According to the official update, the approval from the...

RBI Imposes Rs 70,000 Penalty on Repco Home Finance for Fair Practice Code Non-Compliance Reserve Bank of India (RBI) has imposed a penalty of Rs 70,000 on Repco Home Finance Limited following the issuance of a Speaking Order. The penalty relates to non-compliance with directions issued by the RBI concerning the 'Fair Practice Code'.The regulatory action was finalized and received by the company on June 12, 2026.According to details provided by the financial institution, the outcome of the review is as follows:ParticularsDetailsListed Entity NameRepco Home Finance LimitedAuthority Imposing PenaltyReserve Bank of India (RBI)Nature of Action TakenRBI levied a penalty of Rs 70,000Type of Communication ReceivedSpeaking...

Nominee Director Resigns from Entero Healthcare Solutions Limited Due to Increased Commitments Entero Healthcare Solutions Limited has seen a change in its board composition as Mr. Kevin Rohitbhai Daftary tendered his resignation from the position of Nominee Director, effective June 12, 2026.Mr. Kevin Rohitbhai Daftary (DIN: 10637792) stepped down from his role on the board, representing the 'Prasid Uno Family Trust'. The decision was attributed to a significant increase in his professional responsibilities and commitments.The resignation marks a change in the company's directorship structure. Details regarding this corporate transition have been provided as follows:ParticularsDetailsDirector Name & DINKevin Rohitbhai Daftary...

DCB Bank Limited Appoints Mr. Pushan Mahapatra as Non-Executive Part-Time Chairman DCB Bank Limited has appointed Mr. Pushan Mahapatra as its Non-Executive Part-Time Chairman, following approval by the Reserve Bank of India (RBI). The appointment was formalized after the Board of Directors of DCB Bank approved the move on June 12, 2026.The RBI granted approval for the appointment in a letter dated June 12, 2026. According to the bank's statement, Mr. Mahapatra will serve as the Non-Executive Part-Time Chairman from the date of the RBI communication, which is June 12, 2026, through March 09, 2029.Mr. Pushan Mahapatra possesses over 40 years of experience in banking. His career includes 35 years spent with the SBI group, where he held...

Yatharth Hospital Completes Acquisition of Gurugram Hospital Asset in Rs 100 Crore Deal Yatharth Hospital & Trauma Care Services Limited has successfully completed the acquisition of a hospital asset located at Sector 40, Gurugram. The transaction was finalized on June 12, 2026.The hospital asset, which was previously held by RNY Healthcare Services Private Limited, has been registered and transferred into the name of AKS Medical & Research Centre Private Limited. AKS Medical & Research Centre is a wholly-owned subsidiary of Yatharth Hospital.The total consideration for this asset acquisition amounted to Rs 100 Crores (Rupees One Hundred Crores Only), which was duly paid upon the completion of the formalities. This move follows an...

Adani Ports receives 'Excellent' ESG rating from ESGRisk.ai after improving ESG performance Adani Ports and Special Economic Zone Limited has received an 'Excellent' Environmental, Social, and Governance (ESG) rating from ESGRisk.ai (ESG Risk Assessments & Insights Limited). The assignment reflects the company's strong management of material ESG risks through its robust risk management framework.The ESG rating assigned by ESGRisk.ai to Adani Ports is 83. This score represents a significant improvement, showing an increase of 7 points compared to its previous rating.This classification highlights Adani Ports and Special Economic Zone Limited's position as an ESG leader within the sector.ADANIPORTS Stock Price Movement Adani Ports...

Praxis Home Retail Appoints Two New Additional Independent Directors Praxis Home Retail Limited has announced the appointment of two individuals as Additional Independent Directors, following approval by its Board of Directors. The appointments concern Mr. Rahul Gambhir and Mr. Chetranda Somanna Muddaiah, who were approved to join the company beginning June 13, 2026.The Board's resolution approved the appointments, subject to shareholder ratification. These individuals will serve as Independent Directors for a term of five consecutive years, running from June 13, 2026, until June 12, 2031.The company’s decision follows the recommendation of its Nomination & Remuneration Committee. The appointments ensure strengthened governance and...

RBL Bank Appoints Bhavin Lakhpatwala as Chief Financial Officer and Key Managerial Personnel RBL Bank Limited has approved the appointment of Mr. Bhavin Lakhpatwala as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 12, 2026. The appointment was made by the Board of Directors following recommendations from the Audit Committee and Nomination and Remuneration Committee.Mr. Bhavin Lakhpatwala will serve as part of the Senior Management of the Bank.The bank also announced a change in Mr. Deepak Ruiya's designation, previously intimated through communication on December 30, 2025. Consequent to the appointment of Mr. Lakhpatwala, Mr. Deepak Ruiya, who had been serving as Interim CFO and KMP, will cease to...

Companies Report Adjournments and Proceed with Postal Ballots Several companies reported updates regarding their scheduled General Meetings (GM) and shareholder voting processes in recent days. The meetings of two different manufacturing firms were adjourned due to issues related to quorum. Meanwhile, another entity proceeded with a specialized postal ballot for corporate resolutions.EOGMs Adjourned Due to Lack of Quorum Both DCM Limited and Mohite Industries Ltd reported that the Extra Ordinary General Meeting (EOGM) scheduled earlier could not be completed. Both companies stated that the meeting was adjourned as there was insufficient quorum present.For DCM Limited, the meeting originally convened on June 8, 2026, and subsequently...

Shri Sanjay Lohiya Appointed as Director on State Bank of India Central Board State Bank of India has appointed Shri Sanjay Lohiya to the Central Board of Directors under Section 19 (e) of the State Bank of India Act, 1955. The appointment was made effective from June 11, 2026.The appointment details confirm that Shri Sanjay Lohiya is not related to any of the existing directors on the Central Board of State Bank of India. Furthermore, he has affirmed that he is not debarred from holding the office of a director by virtue of any SEBI order or any other relevant authority.Key details regarding the newly appointed director are as follows:DetailInformationName of DirectorShri Sanjay LohiyaDate of Appointment11th June 2026...

Invicta Diagnostic's Subsidiary Incorporates New Entity for Diagnostics and Pathology Services Invicta Diagnostic Limited has expanded its operational scope in the healthcare sector with the incorporation of Porteus Pathogenius LLP. This new entity has become a Step-Down Subsidiary following the execution of its initial LLP agreement on June 12, 2026.Porteus Medical LLP, a subsidiary of Invicta Diagnostic Limited, established the limited liability partnership (LLP). The move signifies the group's commitment to expanding business operations within the healthcare and diagnostics industry.The newly incorporated Porteus Pathogenius LLP is intended to undertake various services related to diagnostics, pathology, and laboratory services...

Blue Jet Healthcare Attributes Security Volume Surge to Market Conditions Blue Jet Healthcare Limited has stated that the recent significant increase in the volume of its security is entirely driven by prevailing market conditions, over which the company maintains no control.The clarification comes following an inquiry concerning the observed movement in the stock's volume across exchanges. The company confirmed its adherence to regulatory requirements regarding corporate disclosures related to securities activity.Blue Jet Healthcare Limited emphasized that the surge in trading volume reflects broader market dynamics rather than any internal company-specific events, asserting that market conditions are the sole factor behind the...

Ducon Infratechnologies Approves Rights Issue Worth Up To Rs 25 Crores Ducon Infratechnologies Limited announced that its Board of Directors had approved a significant Rights Issue for eligible equity shareholders. The decision was made during a meeting held on Friday, June 12, 2026.The board meeting utilized Video Conferencing and other Audio-Visual Means to deliberate and approve the terms related to the proposed capital raise. Key among the approvals was the issue of Equity Shares with a face value of Re. 1.00/- each for cash, with an aggregate size specified up to Rs. 25.00 Crores (Rupees Twenty-Five Crores Only).The board also approved the formation of a Rights Issue Committee comprising certain Directors. This committee is...

REC Subsidiary Sale: RECPDCL Sells Stake in Jalna Power Transmission Limited for Approximately ₹3.21 Crore REC Limited's subsidiary, RECPDCL (REC Power Development and Consultancy Limited), has completed the sale of its entire holding in a project-specific entity, Jalna Power Transmission Limited. The shares were transferred to Maharashtra State Electricity Transmission Company Limited through a competitive bidding process, effective June 12, 2026.RECPDCL successfully sold all 50,000 equity shares of Jalna Power Transmission Limited to the winning bidder, stating that the transfer was completed at par value along with all associated assets and liabilities. The transaction concludes the subsidiary's ownership by both RECPDCL and REC...