Markets

Gujarat Alkalies and Chemicals Limited Invests in Renewable Energy Project through Cleanmax Sphere Energy Private Limited Gujarat Alkalies and Chemicals Limited (GACL) has invested significantly in a renewable energy venture, participating in the equity share capital contribution of Cleanmax Sphere Energy Private Limited. The investment is aimed at establishing a 75.9 MW Renewable Hybrid Power Project.The company contributed Rs. 32,32,97,915 towards this acquisition. This funding allows GACL to maintain its 26% shareholding in the Special Purpose Vehicle (SPV), Cleanmax Sphere Energy Private Limited. The transaction took place on June 11, 2026.Cleanmax Sphere Energy Private Limited is operating within the Renewable Energy industry...

Biopol Chemicals Appoints Directors and Reconstitutes Key Board CommitteesBiopol Chemicals Limited, in a board meeting held on June 11, 2026, approved the appointment of two new directors and subsequently reconstituted several key committees following these appointments. The additions strengthen the company's board composition with expertise spanning industry operations, governance, and healthcare management.The Board appointed Ms. Vandan Vij Sarkar as an Additional Non-Executive Director. Effective from June 11, 2026, Ms. Sarkar holds the position until the next General Meeting or for three months, whichever occurs earlier. She was appointed following a recommendation from the Nomination and Remuneration Committee.Ms. Sarkar has...

Punjab Chemicals to Host Virtual Analyst and Investor Meeting on June 17th Punjab Chemicals & Crop Protection Ltd has scheduled an interactive session with institutional investors and fund managers. The company’s management will host a virtual group meeting focusing on interactions with the investment community.The planned interaction is set for Wednesday, June 17, 2026, at 3:00 PM. This engagement aims to provide insights and discuss matters with institutional investors and fund managers in a structured virtual setting.Discussions during the event will be based on publicly available information, and the company has stated that no unpublished price sensitive information (UPSI) is intended for discussion during these interactions...

NCLT Sanctions Scheme of Merger: Maithan Alloys Absorbs Wholly Owned Subsidiary Impex Metal & Ferro Alloys Ltd The National Company Law Tribunal (NCLT), Kolkata Bench, has sanctioned the Scheme of Amalgamation/Merger by Absorption between Impex Metal & Ferro Alloys Limited and Maithan Alloys Limited. The scheme involves the absorption of Impex Metal & Ferro Alloys Limited (the Transferor Company) into Maithan Alloys Limited (the Transferee Company).The merger was granted approval by the NCLT vide an order dated June 8, 2026, with the appointed date set as March 31, 2024. Since Impex Metal & Ferro Alloys Ltd is a wholly owned subsidiary of Maithan Alloys Limited, the scheme dictates that no shares will be allotted by the Transferee...

Jhaveri Credits & Capital Ltd Approves Record Date for Scheme of Amalgamation Share Allotment Jhaveri Credits & Capital Limited has approved the Record Date necessary for the allotment of shares under the Scheme of Amalgamation involving U R Energy Private Limited. The board meeting confirmed Friday, June 26, 2026, as the date against which the shares of Jhaveri Credits and Capital Limited will be issued to the shareholders of U R Energy Private Limited.The decision comes in continuation of previous intimation regarding the effectiveness of the Scheme between U R Energy Private Limited (Transferor Company) and Jhaveri Credits and Capital Limited (Transferee Company). The Board of Directors held a meeting on Thursday, June 11, 2026, to...

Finkurve Financial Services Payouts Interest on NCDs of Rs 60 Crore Finkurve Financial Services Limited announced the successful completion of its monthly interest payment for Non-Convertible Debentures (NCDs), settling obligations to all concerned NCD holders. The payment was made ahead of the due date, as per the terms outlined in the Term Sheet.The interest payment relates to a tranche of NCDs with an issue size of Rs 60,00,00,000/-. Finkurve Financial Services Limited paid a net interest amount of Rs 52,27,702.04 on June 11, 2026.The payment details for the NCDs include:ISIN: INE734I07073 Frequency: Monthly Interest Paid (Net): Rs 52,27,702.04 Record Date: May 28, 2026 Due Date: June 12, 2026The company noted that the...

Dachepalli Publishers Ltd Expands into Pan-India Distribution of Smart Boards for Education Sector Dachepalli Publishers Limited has announced a strategic expansion of its business operations, moving into the distribution and supply of Interactive Flat Panel Displays (IFPDs), commonly known as Smart Boards, targeted at educational institutions across India.The decision comes after observing market needs within schools. The company noted that many educational institutions face challenges in adopting technology-enabled teaching methodologies due to insufficient classroom hardware infrastructure. While Dachepalli Publishers has successfully supplied AI-integrated Learning Management Systems (LMS), digital content, and various educational...

Assam Timber Products Private Limited Acquires Equity in Archidply Decor Ltd via Inter-se Transfer Assam Timber Products Private Limited has acquired a significant stake in Archidply Decor Limited through an inter-se transfer of shares. The acquisition was completed as part of a Scheme of Amalgamation amongst Promoter Group Companies, and the transaction involved 706962 equity shares representing 12.70% of the company.The details regarding this shareholder transition provide insight into the evolving ownership structure of Archidply Decor Limited. Assam Timber Products Private Limited increased its holding in the target company following the transfer.Shareholding Details Summary The transaction involved Assam Timber Products Private...

ITAT Delivers Favorable Ruling in Favor of Styrenix Performance Materials; Tax Demand and Transfer Pricing Additions Deleted Styrenix Performance Materials Ltd has secured a significant victory following an order from the Income Tax Appellate Tribunal (ITAT), Ahmedabad. The ruling, received by the company on June 11, 2026, allowed the appeal filed by Styrenix against the assessment orders issued by the Income Tax Department for Assessment Year 2021-22.The ITAT order, which was pronounced on May 26, 2026, and signed on June 03, 2026, resulted in the deletion of transfer pricing additions amounting to INR 17,11,13,551. These additions were originally made by the Assessment Unit, Income Tax Department, in an assessment order dated...

TBO Tek Limited Changes Name of Wholly Owned Subsidiary to 'Tek Travels FZCO' TBO Tek Limited has announced a change in the name of its wholly owned subsidiary. The subsidiary previously operated under the name 'Tek Travels DMCC' and has been renamed as 'Tek Travels FZCO'.The revision was implemented due to new naming conventions introduced by the Dubai Multi Commodities Centre (DMCC). Entities registered with DMCC are now mandated to adopt the suffix 'FZCO', necessitating the change.TBO Tek Limited confirmed that this name modification is limited solely to the subsidiary's name and suffix. The move does not impact the legal status or constitution of the entity, which remains unchanged.TBOTEK Stock Price Movement Today, TBO Tek...

Sattrix Information Security Secures Rs. 65.02 Millions in Strategic Work Orders in April and May 2026 Sattrix Information Security Limited, a leading provider of customer-centric cybersecurity solutions, has announced the receipt of new work orders totaling Rs. 65.02 Millions (excluding taxes) during the months of April and May 2026. These contracts demonstrate the company's expanding presence in delivering mission critical cybersecurity products and providing ongoing technical support across various high profile client sectors.The recent wins highlight Sattrix’s successful engagement with key industries, including the power sector and the media and entertainment markets. The company secured two major work orders from a leading power...

Veefin Solutions Appoints Riddhi Dutta as Chief Revenue Officer to Drive Global Expansion Mumbai, India - June 11, 2026 - Veefin Solutions Limited, a provider of banking, lending and working capital technology solutions, has announced the appointment of Riddhi Dutta as Chief Revenue Officer (CRO) to accelerate the company's international growth strategy.As CRO, Riddhi Dutta will be responsible for leading Veefin’s global revenue generation, overseeing sales and marketing functions, expanding the partner ecosystem, strengthening customer relationships, and scaling the go-to-market organization across international markets.Riddhi brings over two decades of experience in digital banking and financial services transformation within...

CRISIL Reaffirms Rating for Rane Steering Systems' Bank Loan Facilities at A- with Stable Outlook Rane Holdings Ltd announced that CRISIL Ratings has reaffirmed its long term rating for the bank loan facilities of its wholly owned subsidiary, Rane Steering Systems Private Limited. The rating was assigned as Crisil A minus (A-) with a 'Stable' outlook.The rating pertains to the company’s total Bank Loan Facilities, which stand at Rs. 330 crore, up from previously rated amounts totaling Rs. 240 crore. This reaffirmation reflects CRISIL Ratings’ continuous surveillance and review of all ratings assigned by the agency.The details regarding the facilities reviewed by Crisil Ratings are summarized below:Facility TypeAmount (Rs. in...

Indigenous Varya Breaks the Mold: How India’s AI Mission Achieved 10x Efficiency Gains in Video Generation Avtaar.ai is set to unveil Varya, marking a significant milestone in India's technological advancement. This event highlights the power of indigenous innovation to make frontier-level Artificial Intelligence (AI) widely accessible and economically viable for use across the nation.Varya is India's first distilled video model, developed under the aegis of the crucial IndiaAI Mission. The launch signifies a critical move toward ensuring that advanced AI tools are not restricted to large international enterprises but can serve the needs of the entire Indian population at scale.As digital media increasingly relies on high-quality...

Tax Scrutiny Resolved: Delta Manufacturing Limited Receives Drop Order for GST Returns FY 2023-2024 Delta Manufacturing Limited has successfully concluded tax scrutiny proceedings related to its Goods and Services Tax (GST) returns for the Financial Year (FY) 2023-2024. The Deputy Commissioner of State Tax, Ambad, Nashik, issued a drop order on June 10, 2026, thereby closing the matter initiated under Section 61 of the CGST/SGST Act, 2017.The proceedings were initiated after Delta Manufacturing Limited received scrutiny notices pertaining to its GSTR-3B returns for FY 2023-2024 (April 2023 to March 2024).During the initial scrutiny, provisional discrepancies amounting to approximately Rs. 2,39,363.43 were identified and addressed by...

Aspira Pathlab's Promoter Category Changes Following Completion of Open Offer Aspira Pathlab & Diagnostics Ltd has seen shifts in its promoter category status following the successful completion of a recent Open Offer. The changes reflect material adjustments in shareholding structure within the company, which took effect upon the conclusion of the Open Offer process.The update clarifies that two individuals have been classified as Promoters of Aspira Pathlab & Diagnostics Limited subsequent to the completion of the Open Offer.Mr. Nikunj Mange, who held a directorial position at the Company prior to the Open Offer being completed, has now been formally classified as a Promoter. Additionally, Mr. Jay Arvind Bhanushali, who was not...

Kanan Neelkamal Siraj Sells 6.36% Stake in Weizmann Limited Kanan Neelkamal Siraj has sold a portion of his shares in Weizmann Limited. The sale was completed on June 9, 2026.The transaction involved the transfer of 985,308 shares belonging to Kanan Neelkamal Siraj. This represents 6.36% of the total share capital of Weizmann Limited.The sale was executed through an off market gift and was completed in favor of Mira Ankit Khambhati (a minor), through his natural guardian, Mr. Ankit Vijay Khambhati. The shares were previously held by Kanan Neelkamal Siraj.Transaction DetailsDetailDescription/FigureTarget CompanyWeizmann LimitedSellerKanan Neelkamal SirajAcquirerMira Ankit Khambhati (through Mr. Ankit Vijay Khambhati)...

ICICI Bank Sells 22.20 Lakh Shares of Glittek Granites Ltd ICICI Bank Limited has sold an aggregate of 22,20,000 equity shares of Glittek Granites Ltd, representing approximately 8.55% of the company's issued and paid-up share capital. The sales were conducted in multiple tranches, with the final transaction occurring on June 08, 2026.The disposal details reflect a significant movement in the bank’s stake in Glittek Granites Ltd. As per records, ICICI Bank Limited held 19,73,499 equity shares of the company as of March 31, 2026. The aggregate quantity of 22,20,000 equity shares disclosed by the bank includes shares that were sold over a period prior to March 31, 2026.The transaction details confirm that the sale involved 22,20,000...

Happiest Minds Technologies Launches Rel(AI)Build, an Agentic Platform for Enterprise Software Delivery Happiest Minds Technologies Limited, an AI First customer-centric digital engineering company, announced the launch of Rel(AI)Build. This proprietary Agentic AI development platform, alongside the Agentic Development Lifecycle (ADLC), is designed to fundamentally transform how organizations approach enterprise software delivery and modernization.Rel(AI)Build functions as an enterprise grade agentic platform that unifies AI driven automation, governance, and human oversight into a single cohesive software delivery framework. It operates on the ADLC methodology, orchestrating specialized context aware AI agents across the entire...

Tax Department Orders Recovery of Erroneously Refunded Amount from Orchid Pharma Ltd Orchid Pharma Limited has received an Order from the Additional Commissioner of Central Tax regarding the recovery of a previously refunded amount. The order mandates the recovery of Rs. 1,67,07,937/-, along with applicable interest, under Section 11A of the Central Excise Act, 1944.The Authority issued the Order on June 09, 2026, stating that the amount demanded should be recovered as it had been erroneously refunded by the then Assistant Commissioner of Central Excise, Poonamalle Division.Details pertaining to this recovery action include:ParticularsDetailsName of AuthorityAdditional Commissioner of Central Tax - Office of the Commissioner...