Markets

Subsidiary of PNC Infratech achieves Provisional Completion Certificate for Kanpur Lucknow Expressway Project PNC Infratech Limited has seen its subsidiary, Kanpur Lucknow Expressway Private Limited, secure a Provisional Completion Certificate (PCOD) for a major infrastructure undertaking. The PCOD, issued on June 10, 2026, certifies that the project is fit for entry into commercial operations as of April 27, 2026.The PCOD relates to a Hybrid Annuity Mode (HAM) project executed by Kanpur Lucknow Expressway Private Limited, in collaboration with the National Highways Authority of India (NHAI). The concessionaire's project involved constructing six lanes upgradable to eight lanes of the Kanpur Lucknow Expressway, including the spur...

Atmastco Receives In-Principle Approval from NSE for Issuance of Warrants Conversion Shares Atmastco Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) regarding the issuance of equity shares pursuant to a preferential allotment through warrant conversion.The company received this approval, issued by the NSE on June 10, 2026. This relates to an application submitted by Atmastco to the NSE on May 14, 2026.Under the approved issuance, Atmastco is authorized to issue two tranches of equity shares:35,00,000 Equity Shares of Rs. 10/- each. 60,00,000 Equity Shares of Rs. 10/- each.These shares are being allotted following the conversion of warrants through a Preferential Issue.The...

Appellate Order on Tax Demand: Bajaj Electricals Sees Original Liability Reduced Following State Tax Appeal Ruling Bajaj Electricals Ltd has received an appellate order concerning a previous tax demand related to the financial year 2018-19, which partially accepted the company's submissions and reduced the liability.The company had been subject to a tax demand regarding alleged differences in the tax payable, input tax credit (ITC), B2B tax declared, and credited notes for FY 2018-19. The original tax demand stood at Rs. 1.34 crore, which included a general penalty of Rs. 6.40 lakh.The Appellate Authority, Office of the Additional Commissioner of State Tax (Appeal), issued an order on June 10, 2026. This appellate ruling resulted in...

Paramatrix Technologies Increases Stake in Metasys to 76% After Completing Second Acquisition Tranche Navi Mumbai, India (June 11, 2026) - Paramatrix Technologies Limited, a provider of enterprise software products and digital IT services, has successfully completed the second tranche of its acquisition of Metasys Software Private Limited. Following this transaction, Paramatrix has increased its equity stake in Metasys to 76%, up from 51%.The phased acquisition structure ensures a seamless transition for the organizations, building a strong foundation for long-term collaboration. This completion follows the first tranche, which was executed in January 2026, at which time Metasys became a subsidiary of Paramatrix.Metasys is an...

My Mudra Fincorp Limited Appoints EquiBridgeX Advisors for Investor and Public Relations Services My Mudra Fincorp Limited has appointed EquiBridgeX Advisors Private Limited to serve as its dedicated Investor and Public Relations Advisory Services. The appointment is effective starting June 11, 2026.The selection of EquiBridgeX Advisors Private Limited marks a key step in the company's communication structure for investors and the public.My Mudra Fincorp Limited has confirmed that EquiBridgeX will handle advisory services related to investor relations and corporate communications.MYMUDRA Stock Price Movement Shares of My Mudra Fincorp Limited are edging higher to ₹74.00 as of 1:17 PM today, gaining 1.79%. The stock saw a total...

Promoter Group Entity Acquires Shares in Vikram Aroma Ltd through Inter-se Gift Transfer Vikram Aroma Ltd shares saw an increase in promoter holding after an inter-se transfer by way of gift, according to details released by the acquiring party on June 10, 2026.Mr. Ghanshyambhai Karsandaspatel and associated persons acting in concert recorded the acquisition of 1,50,000 shares in the company through this transaction. The acquirer confirmed that they belong to the Promoter group.The details of the share holding pre-acquisition were as follows:Shares carrying voting rights held by the Acquirer and PACs: 19,17,807 Percentage of total share/voting capital held before acquisition: 61.16%Following the inter-se transfer by way of...

Mr. Dhirajlal Karsandas Patel Acquires Shares of Vikram Aroma Ltd. via Gift, Reducing Stake Vikram Aroma Limited has seen a change in shareholder holding following an inter-se transfer by way of gift involving promoter and entity Mr. Dhirajlal Karsandas Patel. The transaction, which took place on June 10, 2026, resulted in changes to the ownership structure within the company.The acquisition involves Mr. Dhirajlal Karsandas Patel and associated parties (PAC) acquiring shares of Vikram Aroma Limited through a gift transfer.Key Transaction Details The transaction details are summarized below:DetailDescriptionTarget CompanyVIKRAM AROMA LIMITEDNature of TransferInter-se Transfer by way of GiftDate of AcquisitionJune 10...

Tara Chand InfraLogistic Solutions Approves Key Director Re-appointments, New Auditor, and Sets Record Dates for AGM The Board of Directors of Tara Chand InfraLogistic Solutions Limited held a meeting on June 11, 2026, during which it considered and approved several significant corporate matters, including the re-appointment of key directors and the appointment of new statutory auditors.During the Board meeting, the company approved its Board's Report for the financial year ended March 31, 2026. A central outcome was the approval of director re-appointments and the selection of a new audit firm.Mr. Himanshu Aggarwal was re-appointed as a Whole Time Director of the Company for a period of three consecutive years, commencing from...

Auto Ancillary Sector set for Massive Growth as Revenue Hits 11% CAGR; Balance Sheet Strengthens Significantly The Indian auto ancillary industry is poised for a sustained growth trajectory, driven by robust exports and increasing vehicle premiumisation. A comprehensive report released by Equirus Securities details the sector’s past performance, noting that listed auto ancillary firms achieved a compound annual growth rate (CAGR) of 11 per cent during Fiscal Years 2016-2026.The sectoral revenue experienced a monumental increase over this decade. Revenues rose to approximately Rs 5 lakh crore, demonstrating the sector’s significant scale and market maturity.Decadal Growth Highlights: Exports and Premiumisation Drive Revenue Surge The...

AI Stock Meltdown: E2E Networks and Netweb Plunge as Global Tech Selloff Intensifies Amid Valuation Fears Artificial intelligence-linked companies faced significant headwinds on Thursday, caught in a deepening global technology selloff. The sector saw widespread selling pressure amid growing scrutiny over elevated technology valuations and concerns regarding the future growth trajectory of AI services.Major AI Stock Losses Are Reported The sentiment across the Indian market mirrored this downturn, with all major AI-focused stocks trading in the red. E2E Networks emerged as the biggest laggard, plunging 4.99 percent to reach Rs 369. Orient Technologies declined 2.03 percent, closing at Rs 244.10. Netweb Technologies saw a 2.29 percent...

Alembic Pharmaceuticals Receives USFDA Tentative Approval for Larotrectinib Capsules Alembic Pharmaceuticals Limited has secured tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) covering Larotrectinib Capsules, available in 25 mg and 100 mg strengths. The approval pertains to the ANDA, which is therapeutically equivalent to Vitrakvi Capsules, 25 mg and 100 mg, a product manufactured by Bayer Healthcare Pharmaceuticals Inc.Larotrectinib is described as a kinase inhibitor indicated for the treatment of adult and pediatric patients with solid tumors. These specific patient groups must meet several criteria: they must have a neurotrophic receptor tyrosine kinase (NTRK) gene...

Tara Chand InfraLogistic Solutions Sets Record Date for Dividend Payout Tara Chand InfraLogistic Solutions Limited has announced a crucial date for its shareholders, setting a record date for the payment of a dividend for the Financial Year 2025-2026. The company fixed Thursday, July 9, 2026, as the record date for members regarding this corporate action.The announcement confirmed that the company has set the record to determine shareholders eligible for the proposed dividend. This dividend is slated at Rs. 0.20 per fully paid-up equity share of Rs. 2/- each, pertaining to the Financial Year 2025-2026.Management provided details regarding the disbursement timeline and operational proceedings. The announced dividend is contingent on...

Sunventa Power's Memorandum Altered to Reflect Focus on Advanced Energy Storage and E-mobility Sahaj Solar Limited has announced significant changes to the Main Object Clause of its subsidiary, Sunventa Power Private Limited. The alteration was approved by a Special Resolution passed at an Annual General Meeting (AGM) held on Wednesday, June 10, 2026.The change in the Memorandum of Association (MoA) aims to strategically align Sunventa's business with advanced energy storage systems and e-mobility solutions, moving beyond its core focus on grid-connected solar power projects.Strategic Shift in Business FocusPreviously, Sunventa Power was engaged in the design, engineering, development, and operation of Grid Connected Rooftop Solar...

Garware Technical Fibres Announces Post-Buyback Update on Equity Shares Garware Technical Fibres Limited (GTFL) has published a post-buyback public announcement detailing the repurchase of equity shares. The company confirmed the status of its buyback initiative, which followed an earlier Letter of Offer submitted on May 22, 2026.The Buyback is set for not exceeding sixteen lakh seventeen thousand five hundred fully paid-up equity shares of Garware Technical Fibres Limited. Each share has a face value of INR 10/- (Rupees Ten only). The company offered the Equity Shares at a price of INR 680/- (Indian Rupees Six Hundred and Eighty only) through the tender offer process.The Post-Buyback Public Announcement, dated June 10, 2026, was...

PPAP Auto Shares Explode on Partnership with Hutchinson; Stock Jumps 20% as Sealing Tech Deal is Announced PPAP Automotive shares saw a massive surge in intra-day trading on Thursday, climbing up to 20 percent. The jump followed the announcement of a significant technology partnership agreement with French multinational firm Hutchinson. This strategic move immediately fueled investor excitement, pushing PPAP’s stock towards its upper circuit limit.Stock Jumps to Upper Circuit Limit Following Major Partnership Announcement The auto parts manufacturer’s shares climbed sharply on the National Stock Exchange (NSE). The stock touched Rs 246.91 per share, marking a gain of 20 percent over the previous market close. Although the shares pared...

Vital Chemtech Subsidiary Receives Final Environmental Consent from GPCB for Operations up to 2031 Vital Chemtech Limited's subsidiary, Vital Synthesis Limited, has secured a Consolidated Consent and Authorization (CC&A) from the Gujarat Pollution Control Board (GPCB). This critical environmental approval underpins the continued operation of the plant located in Dahej. The consent was issued by the GPCB on June 10, 2026, granting authorization up to March 26, 2031.The CC&A covers compliance requirements related to the Water (Prevention and Control of Pollution) Act-1974, the Air (Prevention and Control of Pollution) Act-1981, and the Hazardous & Other Wastes (Management and Transboundary Movement) Rules-2016 under the Environment...

Menon Bearings Clarifies Stock Volume Spurt, Attributes Movement Solely to Market Conditions Menon Bearings Limited has addressed concerns regarding recent volatility in its stock volume, clarifying that no undisclosed or price sensitive information is influencing the current market behavior of the company.In response to inquiries concerning the spike in trading volumes, the company stated that there are currently no impending corporate actions or any price sensitive information held internally that would account for the observed movement.Menon Bearings maintained that the current stock performance and volume fluctuations are purely attributable to general market conditions. The company assured stakeholders that all movements are...

Promoter Acquires Shares of Renaissance Global Limited Through Open Market Purchase Sumit Shah and associated Persons Acting in Concert (PACs) have acquired an additional stake in Renaissance Global Limited through an open market purchase. The transaction, completed on June 10, 2026, signifies a continued increase in the promoter group's holding in the company.The acquisition was carried out via the open market, and the securities purchased were Equity Shares of Rs. 2/- each.According to the details of the acquisition, Sumit Shah and PACs held 10,30,830 shares carrying voting rights prior to the transaction, representing 0.96% of the total Diluted share/voting capital of Renaissance Global Limited (RGL).The purchase resulted in an...

Mr. Chandrasekhara Rao Battula Appointed as Additional Director and Interim CEO at STL Networks Limited STL Networks Limited has announced the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer. He has been designated as a Whole Time Director and Key Managerial Personnel for the company.The appointment is effective from June 11, 2026, and the tenure for this role is one year. This change in leadership reflects the ongoing reconstitution of key committees within the Board of Directors, following a Board Meeting held on June 10, 2026.Mr. Battula brings extensive experience to the role, having accumulated over 23 years across various sectors including telecommunications, defence...

Vas Infrastructure Ltd Postpones 25th Meeting of Committee of Creditors Vas Infrastructure Ltd has announced the postponement of its 25th Meeting of the Committee of Creditors (CoC). The meeting was originally scheduled to take place on Thursday, June 11, 2026.The decision to postpone the meeting was made following a request from the Sole CoC Member, Canara Bank. The company confirmed the change in schedule, noting that the revised date for the Committee of Creditors meeting will be provided later once it is finalized.Stock Price Movement Vas Infrastructure Ltd.'s shares dipped to ₹10.24 in Monday's trading, concluding the session down 4.92%. That stock maintained a perfectly tight range throughout the session, having traded...