Markets

Nitiraj Engineers Secures DGCA Type Certificate for Agricultural Drone Model NADR10 Nitiraj Engineers Limited has successfully obtained a Type Certificate from the Directorate General of Civil Aviation (DGCA), Government of India, for its agricultural drone model "NADR10." This certification marks a significant operational and technical milestone for the company within the rapidly growing agri-technology sector.The Type Certificate, identified as T05260000094/00, was issued under the Drone Rules, 2021. The certificate confirms that Nitiraj Engineers Limited’s unmanned aircraft system has met all prescribed standards concerning design, construction, specifications, performance, and operational safety.The NADR10 is a specialized...

Recode Studios Plans Strategic Retail Expansion with 6-8 New Kiosks via Franchise Model Recode Studios, a rapidly growing fashion and lifestyle brand in India, has announced a major push for retail expansion by adopting a kiosk-led growth strategy. The initiative aims to enhance customer accessibility and strengthen the company’s market reach through a targeted asset-light approach.The company has already successfully launched two kiosks within Delhi during June 2026 at key locations, receiving encouraging initial customer responses which validated the format's potential. Building on this early success, Recode Studios is planning to open an additional 6 to 8 kiosks across various highfootfall strategic locations as part of its...

Giriraj Civil Developers Appoints New Independent Director and Records Resignation of Key Managerial Personnel Giriraj Civil Developers Limited announced significant changes following its Board meeting held on June 10, 2026. The company approved the appointment of a new director while recording the resignation of a key managerial personnel due to personal reasons.The Board appointed Mr. Nilesh Surendra Mishra as an Independent Director (Additional) for the company. This role is set to last for five years, running from June 10, 2026, until June 9, 2031. The appointment ensures that the director holds office until the conclusion of the ensuing Annual General Meeting while being eligible for election at that meeting.Mr. Mishra, a...

Orissa Bengal Carrier Limited Requests Withdrawal of Credit Rating from CARE Ratings Limited Orissa Bengal Carrier Limited (OBCL) has requested the withdrawal of its credit rating from CARE Ratings Limited for the bank facilities associated with the company. This decision was made following a request submitted by OBCL to the ratings agency in January 2026, and the withdrawal process is being executed in compliance with CARE Ratings' established policy.As part of standard procedure following such requests, OBCL has been informed that CARE Ratings Limited would announce the withdrawal through a Press Release. The company was advised that upon this notification, no other entity should utilize the previous rating for any purpose...

Destiny Logistics & Infra Limited Appoints New Director and Registers Key Board Changes Destiny Logistics & Infra Limited has announced significant changes to its board composition following a recent meeting of directors, involving both an appointment and a resignation from key positions.The company's board approved the appointment of Mr. Santanu Kumar Rai as an Additional (Independent and Non-Executive) Director. The appointment is effective from June 9, 2026, and is subject to subsequent approval by members in the ensuing General Meeting.Mr. Rai was appointed after being considered by the Nomination and Remuneration Committee of the company. In terms of his profile, Mr. Santanu Kumar Rai holds over three years of experience in...

IBC Application Against Heranba Industries Withdrawn Following Settlement Reached with Applicant Heranba Industries Limited has received approval from the National Company Law Tribunal, Ahmedabad, confirming that an application filed against it by Haresh Petrochem Private Limited has been withdrawn. The withdrawal followed a settlement reached between both parties regarding the matter.The order was passed on June 08, 2026, in relation to the application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. This action involved Haresh Petrochem Private Limited as the Applicant and Heranba Industries Limited.According to details provided by the tribunal, the Applicant had sought permission to withdraw the case...

One Point One Solutions Management Set to Participate in Choice Institutional Equities Conference 2026 The management of One Point One Solutions Ltd has announced its participation in the 'Choice Institutional Equities Conference - InsightX 2026'. The company is scheduled to attend the conference on Friday, June 12, 2026.In relation to this engagement with institutional investors and analysts, the company confirmed that No Unpublished Price Sensitive Information will be disclosed during the meeting. The discussions are based on an investor presentation that was previously submitted on March 27, 2026.ONEPOINT Stock Price Movement As of 1:21 PM, One Point One Solutions Limited rallies strongly in live trading, surging 2.85% to trade...

United Heat Transfer Limited Secures Purchase Order from Atlas Copco Crepelle United Heat Transfer Limited has received a significant purchase order for manufacturing and supply of industrial equipment from Atlas Copco Crepelle, an international entity. The contract pertains to the supply of Shell & Tube Heat Exchangers, Separator, Spool Pipes, and Damper destined for the company’s facility in France.The order is valued at Rs. 20,33,396/- approximately (excluding tax). This contract represents a non-related party transaction with Atlas Copco Crepelle.Details regarding the order and its terms were provided by United Heat Transfer Limited, which was formerly known as United Heat Transfer Private Limited. The company confirmed that the...

Clean Max Enviro Energy Solutions Schedules Meetings with Analysts and Institutional Investors in Singapore Clean Max Enviro Energy Solutions Ltd, formerly known as Clean Max Enviro Energy Solutions Private Limited, has announced its participation in several high-profile conferences aimed at interacting with the analyst community and institutional investors. The engagements are scheduled to take place in Singapore throughout June 2026.The company's meetings include two key events: a session dedicated to analysts and a multi-day conference focusing on one-on-one and group interactions with institutional investors.A summary of the planned corporate interactions is provided below:Name of ConferenceDatesVenueFocus GroupAntique's...

Hind Rectifiers Allots 10.8 Lakh Units in Preferential Issue to Tata Mutual Fund; Refines Unutilized Funds Deployment Hind Rectifiers Limited has announced details of a preferential allotment, confirming the issuance of convertible units to a non-promoter institution. The company allotted 10,86,366 units to Tata Mutual Fund (Small Cap Fund), which is categorized as a Non-Promoter Institution.The preferred issue was conducted for cash consideration and resulted in total proceeds aggregating ₹ 100,00,00,000/-. The allotment involved an issue price of ₹ 920.50 per equity unit, with a premium detailed at ₹ 918.50 per warrant (which includes the warrant subscription price and warrant exercise price).In response to observations from the...

Bharat Forge Surges into Billion-Dollar Semiconductor Industry, Secures Massive Defense Orders Bharat Forge is rapidly expanding its industrial footprint, announcing its entry into the highly lucrative billion-dollar semiconductor industry. Chairman Baba Kalyani confirmed that the company has secured significant orders and is currently collaborating with three of the world's top five chipmakers on a new project. This move positions Bharat Forge at the forefront of advanced material manufacturing required for critical global technology supply chains.Semiconductor Collaboration Drives Technological Leap The collaboration focuses on developing and manufacturing specialized parts intended for lithography machines, which are essential...

Havells India Clarifies Independent Director Re-appointment Terms Ahead of 43rd AGM Havells India Limited has issued a General Update concerning two resolutions proposed for its upcoming 43rd Annual General Meeting (AGM) scheduled for June 19, 2026. The update addresses clarifications sought by Proxy Advisory Firms regarding the re-appointment of Independent Directors.The resolutions pertain to the re-appointment of Smt. Namrata Kaul (DIN: 00994532) and Shri Ashish Bharat Ram (DIN: 00671567) as Independent Directors for a Second Term. The clarification addresses concerns raised by Proxy Advisors regarding the total tenure accumulated if both directors are appointed for five years under the current proposal.The company confirmed that...

MM Rubber Company Ltd. Announces Resignation of Chief Financial Officer MM Rubber Company Limited has announced that Mr. M M Kushalappa has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel of the company.The resignation, which was tendered consequent to personal commitments, will be effective from the close of business hours on June 10, 2026.Mr. Kushalappa served as the CFO and KMP. The particulars regarding this change in personnel have been documented.Key details concerning the transition are presented below:ParticularsDetailsReason for changeDue to personal reasonsCessation DateClose of business hours on June 10, 2026ProfileNot applicableStock Price Movement MM Rubber...

DiGiSPICE Technologies Hosts Shareholder Meeting for Merger involving Spice Money and other entities DiGiSPICE Technologies Limited has called a meeting of its equity shareholders to consider the Scheme of Amalgamation by way of merger. The company is merging with three transferor companies: Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited.The meeting is scheduled for Monday, July 13, 2026, at 11:00 a.m. (IST). As directed by the National Company Law Tribunal (NCLT), the meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).Scheme Rationale and Structure The scheme involves the amalgamation of all three transferor companies into DiGiSPICE...

CRISIL Reaffirms AAA/Stable Rating on Gujarat Energy Ltd's Long-Term Bank Facilities CRISIL Ratings Limited has reaffirmed its 'AAA/Stable' rating on the long-term bank facilities of Gujarat Energy Limited (GEL), which was formerly known as Gujarat Gas Limited. The rating covers a total non-fund based limit facility amounting to Rs 3,350 Crore.The rating follows an assessment of GEL's business and financial risk profile. As of March 31, 2026, the company maintains a strong financial risk profile and is reported as net debt negative. This status is supported by the expectation that capital expenditure (capex) for its CGD segment will be incurred from internal accrual only, while the trading arm of the company has no material capex...

Sunita Tools Delivers NATO Shell Prototypes, Secures USD 97,632 Order for Subsidiary Business Mumbai, June 10, 2026 — Sunita Tools Limited announced a series of significant business developments today, including the successful delivery of samples for a Defence order and securing a major contract win by its subsidiary, Sunita Defence Inc.The company confirmed that it has delivered the required samples, prototype materials, and associated approved test reports to the customer under an Interim Sales Agreement for NATO Spec & Standard 155mm M107 artillery shells. This delivery marked the first consignment of these samples as stipulated by the agreement. The company noted a delay in fulfilling this order due to shipping channel...

$100 Million Push: Addverb Aims to Conquer Robotics Market by Developing Humanoid Robots Indian robotics firm Addverb Technologies Ltd. is aggressively seeking over $100 million in funding to cement its position as a leading domestic producer of advanced robots. The startup, which currently operates across global markets including the US, the Netherlands, and Australia, is channeling this new capital into high-growth areas like humanoid and quadruped robotics.Addverb specializes in automating logistics processes, handling tasks such as sorting and material movement for corporations in the warehouse and electronics sectors. CEO Sangeet Kumar stated that the investment will drive critical innovation, positioning the company for a...

MM Rubber Company Ltd Announces Change in Chief Financial Officer MM Rubber Company Ltd has announced a change in its senior financial management following a Board Meeting held on June 10, 2026. The company confirmed the resignation of Mr. M M Kushalappa from the post of Chief Financial Officer (CFO).Mr. M M Kushalappa resigned as CFO, effective from the closing of business hours on June 10, 2026, citing personal commitments.Following this transition, the Board of Directors approved the appointment of Mrs. Poornima M to take over the role of Chief Financial Officer. The appointment of Mrs. Poornima M is set to be effective from June 11, 2026.Stock Price Movement As of 12:43, MM Rubber Company Ltd shares are ticking down as the...

Hexagon Nutrition IPO Demand Surges Above 50X as Investors Await Allotment Status and GMP Climbs The allotment process for the Rs 139-crore Hexagon Nutrition Initial Public Offering (IPO) is expected to be finalized later tonight, June 10. The issue saw tremendous investor interest, drawing a demand of 53.68 times in the primary market. This high demand underscores the market's positive sentiment toward the company's prospects.The IPO ran from June 5 to June 9, with the company setting a price band between Rs 42 and Rs 45 per share. Ahead of the public bidding phase, Hexagon Nutrition successfully raised 41.66 crore from anchor investors.How to Check Hexagon Nutrition IPO Allotment Status Applicants can track their Hexagon Nutrition...

JTL INDUSTRIES SECURES RS 26.74 CRORES ORDER FOR SUPPLY OF G.I. PIPES TO HIMACHAL PRADESH STATE JTL Industries Limited has secured a significant order from the Himachal Pradesh State Civil Supplies Corporation Limited (HPSCSC). The contract involves supplying G.I. Pipes to various divisions of the Jal Shakti Vibhag in the State of Himachal Pradesh.The one-time domestic order, valued at Rs 26.74 Crores, covers the supply of 3425 Metric Tonnes (MT) of G.I. Pipes to the specified government entity. The contract stipulates a delivery timeline of 60 days from the date the order was issued.JTL Industries Limited has confirmed that the corporation awarding the order, HPSCSC, is a domestic entity, and the order does not fall under related...