Markets

Penalty Hammer Falls: SEBI Demands Rs 5,31,000 Against Individuals Over Illiquid Stock Option Misconduct The Securities and Exchange Board of India (SEBI) has issued a stringent demand notice against individuals Amar Nath Das and Rajesh Kumar Agarwal. The notice concerns recovery proceedings initiated under Section 28A of the SEBI Act, 1992, related to matters involving illiquid stock options. This action highlights the regulator's zero-tolerance stance regarding misuse or misconduct surrounding derivative securities.The official Recovery Certificate No. 9147 of 2026 details a substantial sum due to SEBI. The notice directs the individuals to pay the total amount within 15 days of receiving the communication. Failure to comply will...

Shivom Investment Schedules Board Meeting to Approve Audited Results for Financial Year 2024, Delayed Due to CIRP Shivom Investment & Consultancy Ltd has scheduled a Board meeting to address and approve the audited annual financial results for the backlogged financial year ended March 31, 2024. The meeting is set to take place on Friday, June 12, 2026, at the company's corporate office.The primary agenda item for the Board of Directors includes considering and approving the Audited Annual Financial Results (both Standalone and Consolidated). These results were prepared after a delay caused by the Corporate Insolvency Resolution Process (CIRP) period.In addition to reviewing these results and receiving the Independent Auditor's...

Saakshi Medtech Fined by NSE Over Shareholding Pattern Compliance; Cites Technical Glitch The National Stock Exchange of India (NSE) imposed a fine on Saakshi Medtech and Panels Limited following non-compliance regarding the submission of its shareholding pattern for the quarter ended March 31, 2026. The company has responded to the notice, explaining the delay as a technical issue and requesting a waiver of the imposed penalty.The NSE identified the delayed compliance under Regulation 31 of SEBI (LODR) Regulations, 2015. According to the exchange's annexure, the non-compliance related to a one day period. The fine was levied based on a rate of Rs. 2000 per day.The financial structure of the fine is detailed below...

Acquirers Announce Open Offer for 26% Stake in Reliable Ventures India Ltd at ₹21 Per Share The open offer is underway as Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited (collectively referred to as the Acquirers) move to acquire a significant stake in Reliable Ventures India Limited (RVI). The Acquirers have launched an Open Offer targeting up to 28,63,354 equity shares, representing 26.00% of the Voting Share Capital of RVI, at an offer price of ₹21.00 per equity share, payable in cash.The Detailed Public Statement was issued by Rarever Financial Advisors Private Limited, the Manager to the Offer, on June 09, 2026, following a Public Announcement made on Tuesday, June 02...

Unicommerce Esolutions Confirms Resignation of Manoj Kumar Kohli as Independent Director and Chairperson Unicommerce Esolutions Ltd has confirmed the resignation of Mr. Manoj Kumar Kohli from his roles as Chairperson and an Independent Director of the company. The Board of Directors approved the resignation, which was tendered by Mr. Kohli due to personal and unavoidable circumstances.The resignation was formally submitted in a letter dated June 4, 2026. As per the company records, the cessation of duties for Mr. Kohli is set to take effect 30 days from the date of his resignation letter.Announcing the transition, Unicommerce Esolutions stated that the Board, acting on the recommendation of the Nomination and Remuneration Committee...

KHFM Hospitality and Facility Management Reports Audited Financial Results for FY2026 Khfm Hospitality And Facility Management Services Limited (KHFM) has released its audited financial results for the year ended March 31, 2026, covering both standalone and consolidated performance. The company confirmed that these results received an unmodified opinion from its statutory auditors, M/s YRKDAJ & Associates LLP.The release of the results details the operational status and financial health of the Group as of March 31, 2026. The management reported various metrics across both individual operations and the combined group entity, with the full audited statements provided by the company.Financial Highlights and Audit Findings A review of...

Coromandel International Affirms MoU Does Not Meet Materiality Threshold; Cites Market Trends on Price Movements Coromandel International Ltd has stated that a Memorandum of Understanding (MoU) referenced in media reports does not meet the materiality thresholds prescribed by the company or industry standards, while noting that observed share price movements are attributable to general market conditions.The clarification addresses reporting regarding 'Coromandel International, Samunnati Agri Value Chain ink MoU to aid FPOs,' which appeared in media reports on June 08, 2026. The company affirmed that the MoU, which is part of routine engagements with new customers in the ordinary course of its business operations, does not require...

Zeal Aqua Ltd Avails Rs 8.16 Crore Term Loan from Indian Bank for Working Capital Zeal Aqua Limited has secured a credit facility worth Rs 8.16 Crores from Indian Bank. The loan is intended to support the company's working capital and business operations.The financing agreement was executed with Indian Bank, with the sanction letter dated June 06, 2026, and the loan agreement signed on June 08, 2026. Zeal Aqua Limited confirmed that the facility is provided under the Emergency Credit Line Guarantee Scheme (ECLGS/ECGL).The transaction details highlight that the purpose of entering into the agreement was to meet the working capital and business operation requirements of Zeal Aqua Limited.Key aspects of the credit facility include...

Nitiraj Engineers Limited Appoints Mrs. Soni Shailesh Karwa as Company Secretary and Key Managerial Personnel Nitiraj Engineers Limited has appointed Mrs. Soni Shailesh Karwa to key management roles within the company, effective from June 10, 2026. The appointment makes her the Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP).The decision was made following a Board meeting held on June 9, 2026. Mrs. Soni Shailesh Karwa is noted as a qualified Company Secretary with extensive experience in secretarial duties, legal matters, and corporate compliance functions. Her expertise includes corporate secretarial processes, corporate governance, and adherence to regulatory frameworks under the Companies Act, 2013, and...

Cipla Limited Corrects Remote E-Voting Dates for Annual General Meeting Cipla Limited has issued a corrigendum concerning the remote e-voting schedule for its upcoming Annual General Meeting (AGM). The update clarifies an inadvertent error in the previously intimated date regarding the voting period.The company confirmed that while all other aspects of the initial AGM notice and Integrated Annual Report remain unchanged, the end date for the remote e-voting was incorrectly stated as July 24, 2026.The corrected schedule for the remote e-voting is as follows:EventDateTimeRemote E-Voting StartSunday, June 21, 20269:00 a.m. ISTRemote E-Voting EndWednesday, June 24, 20265:00 p.m. ISTCipla Limited has issued this corrigendum...

Dheeraj Bajoliya Resigns as Chief Financial Officer of Ad-Manum Finance Ltd Ad-Manum Finance Limited has announced the resignation of Mr. Dheeraj Bajoliya from his role as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The transition is effective from June 09, 2026.Mr. Bajoliya tendered his resignation owing to personal reasons and will continue serving Ad-Manum Finance Limited in a reduced capacity as Senior Manager Accounts & Taxation. The company confirmed that there were no material issues surrounding the resignation beyond those stated in Mr. Bajoliya's official letter dated June 09, 2026.The appointment details for Mr. Bajoliya are summarized below:ParticularsDetailsReason for ChangeResignation due to...

Deccan Gold Mines Ltd Acquires 51% Stake in Spanish Mineral Explorer LOGROSAN MINERA Deccan Gold Mines Limited has entered into a Definitive Agreement for the acquisition of a 51% stake in LOGROSAN MINERA S.L. SPAIN (LOGROSAN). This transaction involves acquiring the stake through a cash consideration, aiming to collaborate on mineral exploration and potential development prospects within Spain.The acquisition is scheduled for progressive completion by March 2027. The cost of the purchase for Deccan Gold and/or its wholly owned subsidiary, DGFZCO, is set at Euro 1.76 million.LOGROSAN MINERA S.L. SPAIN, incorporated on May 14, 2015, operates in a highly mineralized region of Spain known for occurrences of tungsten, tin, rare earth...

Hitech Corporation Limited Board Approves Delisting Proposal; Floor Price Set at Rs 252 Per Share Hitech Corporation Limited announced that its Board of Directors had considered and consented to the proposal for voluntarily delisting its Equity Shares from recognized stock exchanges, including BSE and NSE. The outcome of the meeting, held on June 9, 2026, confirmed key financial metrics related to the delisting process, which is being driven by a member of the promoter group.The Board received and took on record the Due Diligence (DD) Report and the Share Capital Audit Report for the company. The proposal involves the acquisition of Equity Shares by Geetanjali Trading and Investments Private Limited, a member of the promoter group...

Ducon Infratechnologies to Hold Board Meeting on Rights Issue Proposal Ducon Infratechnologies Ltd has scheduled a meeting of its Board of Directors to consider plans for raising funds through a rights issue. The board meeting is set to take place on Friday, June 12, 2026.The company announced that the meeting will be conducted via Video Conferencing (VC). The primary agenda item scheduled for deliberation and approval at the meeting is the proposal for issuing Equity Shares of the Company through a Rights Issue.In addition to addressing the funding proposal, the board meeting is scheduled to review any other business matters with the permission of the Chairperson of the Meeting.The company also implemented trading restrictions in...

Reliance Industries Participates in Institutional Investors' Conference; Confirms No UPSI Shared Executives from Reliance Industries Limited participated in an institutional investors meeting organized by ICICI Securities India Investor Conference 2026. The company confirmed that no unpublished price sensitive information was shared or discussed during this one-on-one event held in Mumbai.The participation falls under the category of corporate outreach, with executives engaging with investors as part of the conference.Details regarding the meeting are summarized below:DateType of Meeting/EventLocationJune 9, 2026ICICI Securities India Investor Conference 2026MumbaiReliance Industries executives attended the conference to...

Sanofi India Receives Favorable Order as Tax Demand of INR 10,56,954 is Dropped Sanofi India Limited has received a favorable order from the Superintendent, Range V, Division - VIII, CGST & C. Ex., Mumbai East Commissionerate, Maharashtra. The authority dropped a tax demand amounting to INR 10,56,954, along with applicable interest and penalty, relating to generation of duplicate e-way bills for Fiscal Year (FY) 2018-19.The order was received by the Company on June 9, 2026, following scrutiny proceedings initiated for FY 2018-19 in Maharashtra. These proceedings were aimed at verifying duplicate e-way bills and recovering tax, interest, and penalty related to short or less tax paid during that period.The Commissionerate's decision...

SEBI Orders Immediate Attachment of Accounts for Arrowlink Chemical Over Stock Options Default Regulatory Action Initiated Against Arrowlink Chemical Private Limited The Securities and Exchange Board of India (SEBI) has taken decisive enforcement action against Arrowlink Chemical Private Limited. A Recovery Certificate, bearing No. 9085 of 2026, was issued on June 9, 2026. This certificate formalizes the recovery proceedings concerning the company's handling of illiquid stock options matters.The order mandates the immediate attachment of all associated Demat and Mutual Fund accounts held by the defaulter. This action is being executed under powers conferred by Section 28A(1) and 11(2)(ia) of the SEBI Act, 1992. The official...

Chief Technology Officer Resigns from Vijaya Diagnostic Centre Limited Vijaya Diagnostic Centre Limited has announced the resignation of Mr. Sai Siva Prasad from his position as Chief Technology Officer (CTO). The decision to step down was attributed to personal reasons, and the company confirmed that his last date with the organization would be August 08, 2026.Mr. Sai Siva Prasad formally tendered his resignation on June 09, 2026. In his resignation notice, he expressed gratitude for the opportunities provided during his tenure at Vijaya Diagnostic Centre and pledged complete cooperation to ensure a smooth transition of responsibilities during the notice period.The company stated that it appreciates the services rendered by Mr...

Ancat Secures Stake in PUMA SE as CCI Clears Major Acquisition of Sports Giants The competition clearance by the Competition Commission of India (CCI) marks a significant development in the global sports industry structure. The approval permits Ancat Holding GmbH to acquire a substantial stake in PUMA SE, solidifying the presence of ANTA's interests within the established sportswear market.Transaction Details and Corporate Structure The cleared transaction involves Ancat Holding GmbH acquiring 29.06% of the issued and outstanding share capital of PUMA SE via a secondary share purchase. This move positions Ancat as a key minority shareholder in the global athletic apparel and footwear company.Ancat serves purely as an acquisition...

Sanlam Group Secures Strategic Foothold in Indian InsurTech as CCI Approves 2.80% Acquisition in Shriram Life The Competition Commission of India (CCI) has granted approval for a significant strategic investment into Shriram Life Insurance Company Limited (SLIC). The clearance allows Sanlam Emerging Markets (Mauritius) Ltd. (SEMM), an entity within the global Sanlam Group, to acquire a specific shareholding in the established life insurance firm.This development marks a strengthening of ties between the international financial giant and the Indian conglomerate ecosystem. SEMM is poised to take on a minority stake through a preferential issue mechanism targeting SLIC.The Details of the Strategic Acquisition The proposed combination...