Markets

Apollo Micro Systems Limited Shares Listed After Preferential Issue Allotment Apollo Micro Systems Limited has seen its new securities admitted to trading on the exchange following the allotment of shares issued through a preferential issue. The company reported that 13,000 equity shares were listed and became available for trading starting June 9, 2026.The listing pertains to equity shares allotted pursuant to the conversion of warrants on a Preferential Basis. These new shares are noted as being pari-passu with the company's existing equity shares.Details regarding the allotment include:Security DetailSpecificationNumber of Shares13,000Issue PriceRs. 114/-Allotment DateMay 12, 2026ISININE713T01028The shares...

Commissioner Sets Aside Service Tax Demand on Ocean Freight for Jubilant Ingrevia Limited Jubilant Ingrevia Limited has received a favorable order from the Commissioner Central Goods and Service Tax (Appeals), Meerut, setting aside the demand of Service Tax on Ocean Freight, along with associated penalty and interest pertaining to the financial year 2017-18.The decision was conveyed following the appeal against the service tax demand that had been confirmed by the Assistant Commissioner, CGST, Division Bijnor. The favorable order, dated May 26, 2026, removes a significant contingent liability from the company's accounts.According to the details provided in the ruling, the appeal was allowed by the Honorable Commissioner, Central...

VAHH Chemicals IPO Smashes Records with 82x Subscription, UHM Vacation Completes Booking on Final Day Textile Auxiliaries Boom: VAHH Chemicals' Maiden Issue Attracts Massive Investor Demand The maiden public issue of VAHH Chemicals, a textile auxiliary chemicals maker, generated tremendous buzz in the market. The fixed price issue saw an impressive subscription rate of 82.78 times against its offer size. This stellar performance indicates strong investor confidence in the specialized chemical sector.VAHH's IPO attracted bids for 18.56 crore shares from a total offering of 22.42 lakh equity shares across all categories of investors. Retail investors were particularly enthusiastic, bidding at 100.18 times their allotted quota. The...

Equity Indices Plunge as FIIs Net Sell Rs 5,556 Crore Amid Global Commodity Jitters As of June 8, equity markets witnessed a sharp downturn, with both major benchmarks retreating significantly. The Sensex and Nifty indices fell amid mounting sector-specific pressure and heightened investor nervousness regarding global commodity prices.Market Performance Snapshot The market closed in the red zone as industrial and financial stocks continued to shed value. The Sensex finished down 719.08 points, equating to a 0.97 percent decline, settling at 73,524.26. Concurrently, Nifty fell by 243.70 points (1.04 percent), closing at 23,123.Broader market segments showed specific weakness. The Nifty Midcap 100 index registered a decline of 1.4%...

TCS Launches Global Value & Innovation Centres Business Unit to Accelerate AI-Native GCC Transformation Tata Consultancy Services (TCS), a global leader in IT services and consulting, has launched its new Global Value & Innovation Centres (GVIC) Business Unit. This strategic initiative is designed to assist enterprises in establishing AI-native Global Capability Centres (GCCs) or transforming existing GCC structures into innovation-led, value-driving operating models.To spearhead this critical area, TCS has appointed Soumen Roy as the Head of the TCS GVIC Business Unit. Mr. Roy reports directly to K. Krithivasan, CEO & MD of TCS. His leadership is expected to guide clients through the evolution of GCCs, which are increasingly shifting...

Fuel Crisis Management: India's Excise Tax Cuts Protect Consumers as Green Energy Surge Accelerates Amid the evolving geopolitical situation in West Asia, the Indian government has released a comprehensive series of updates across critical sectors including agricultural inputs, fuel supply, and maritime safety. These briefings underscore sustained governmental effort to ensure stability, resource security, and affordable energy access for all citizens.Fertilizer Security Reaffirmed Amid Kharif Season Needs The Ministry of Chemicals and Fertilizers has confirmed that the availability of fertilizers remains stable, with stock levels comfortably above usual norms despite ongoing agricultural demands. The requirement for Kharif 2026 has...

Grasim Unleashes ₹3,094 Crore Capex: Lyocell Expansion Puts Indian Textile Sector on Global Map Grasim Industries Ltd, a key flagship entity of the Aditya Birla Group, has announced a substantial strategic expansion. The company's Board of Directors approved a capital expenditure (capex) amounting to Rs 3,094 crore on Monday. This investment is earmarked for Phase II expansion of its Lyocell manufacturing capacity at Harihar in Karnataka.The decision underscores Grasim’s unwavering commitment to strengthening India’s position within the global textile market. The capex will be funded through a combination of internal accruals and borrowed funds, supporting its growth trajectory.Expanding Global Capacity with Advanced Fibres This...

Adisoft Technologies Limited to Participate in Samruddhi Season 3 - Nav-Bharat ka Caravan Adisoft Technologies Limited has announced its participation in the specialized event, 'Samruddhi Season 3 - Nav-Bharat ka Caravan.' The engagement is being held in a virtual mode.The event is organized by Hem Securities Ltd. and serves as an opportunity for corporate involvement with the industry community. Adisoft Technologies Limited will join this prestigious gathering to participate in the initiative.Key details regarding the event are provided below:Event ParticularsDetailsEvent NameSamruddhi Season 3 - Nav Bharat ka CaravanOrganized ByHem Securities Ltd.Date and TimeJune 19, 2026, from 3 PM to 4 PMParticipation...

Apollo Micro Systems Limited Allots 33 Lakh Equity Shares Following Preferential Warrant Exercise Apollo Micro Systems Limited has approved the allotment of 33,85,362 equity shares following the exercise of warrants on a preferential basis. The Securities Allotment Committee of the company sanctioned the conversion and subsequent issuance of these shares after receiving the warrant exercise price.The allotment was made on June 8, 2026. These new equity shares, each with a face value of Re. 1/-, will rank pari passu with existing equity shares of the Company.Capital Restructuring Details Upon the receipt of an aggregate amount amounting to Rs. 28,94,48,451/- as the Warrant Exercise Price, the company adjusted its capital structure...

Motilal Oswal Financial Services Implements Wholly-Owned Subsidiary for Pension Fund Management Motilal Oswal Asset Management Company Limited (MOAMC), a material wholly-owned subsidiary of Motilal Oswal Financial Services Limited, has incorporated its new wholly-owned step-down subsidiary: Motilal Oswal Pension Fund Management Limited. The establishment of this entity is intended to cater to the specialized area of pension fund management in India.Motilal Oswal Pension Fund Management Limited (MOPF) was incorporated on June 04, 2026. Its primary objective is defined as carrying out the business of managing pension fund schemes regulated by the Pension Fund Regulatory and Development Authority (PFRDA) or any other statutory or...

Deepak Builders & Engineers Announces Equity Share Split and Sets Record Date Deepak Builders & Engineers India Limited has announced the details of a sub-division or split of its equity shares, establishing a record date for shareholders regarding the transformation of its existing stock.The company confirmed that the split involves converting its currently issued shares into new equity stakes. Previously, the shares had a face value of Rs. 10 per share and were fully paid up. Under the split, these shares will be converted into ten equity shares, each carrying a face value of Rs. 1 and being fully paid up.The decision to divide the equity shares was formalized after members of the company approved the proposal via Postal Ballot on...

Oswal Pumps Completes Acquisition of Walso Solar Solution, Gains Control and Vertical Integration Oswal Pumps Limited has completed the acquisition of additional equity shares in Walso Solar Solution Private Limited, officially making the solar technology entity a subsidiary of the company. This move strengthens Oswal Pumps’ operational capabilities and integration within the pumping systems industry.The acquisition involved the purchase of 13,07,000 Equity Shares of Walso Solar Solution Private Limited, an associate company. The total consideration paid for these shares was Rs. 3,65,96,000/- (Rupees Three Crore Sixty Five Lakh Ninety Six Thousand Only).Following the transaction, Oswal Pumps now holds 8% equity shareholding in Walso...

Board Meeting Scheduled for Hindustan Oil Exploration Company to Review Financial Results Hindustan Oil Exploration Company Ltd has scheduled a meeting of its Board of Directors to review the company's audited financial results for the quarter and the financial year that concluded on March 31, 2026.The board meeting is set to take place on Thursday, June 11, 2026. The primary agenda item for the gathering includes considering the audited standalone and consolidated financial results of the company.This scheduled meeting allows stakeholders an opportunity to review the comprehensive performance metrics spanning both the current quarter and the full financial year ending March 31, 2026.HINDOILEXP Stock Price Movement Hindustan Oil...

VIRA BHARAT OPPORTUNITIES FUND Acquires Stake in Aanchal Ispat Ltd through Institutional Placement Aanchal Ispat Ltd has seen an increase in its shareholding following a recent acquisition by the VIRA BHARAT OPPORTUNITIES FUND. The fund, which is structured as a Scheme of VIRA AIF Trust (Category II AIF), acquired equity shares via an Allotment through Qualified Institutional Placement.The transaction involved the purchase of 2,80,000 shares of Aanchal Ispat Ltd by the VIRA BHARAT OPPORTUNITIES FUND. This acquisition brings the fund's holding in the target company to 6.61% on a diluted share basis. The details of the acquisition and the status of both the acquirer and the target company before the transaction are outlined below...

SEBI Achieves Full Recovery of Debt from Gurumurthi Jayaraman; Bank and Demat Assets Ordered Released The Securities and Exchange Board of India (SEBI) has issued a decisive order confirming the full recovery of debts owed by individual Gurumurthi Jayaraman. This resolution marks the culmination of proceedings initiated against him regarding defaulted financial obligations, leading to a directive mandating the release of his attached assets.Settlement and Debt Resolution Achieved The Recovery Officer at SEBI certified that the demand raised in Recovery Certificate No. 8708 of 2025 has been fully settled. This certificate was originally drawn up against Gurumurthi Jayaraman (PAN AADPJ1767C) for a specific sum, including interest and...

Ratnaveer Precision Engineering Schedules Board Meeting to Discuss Fundraising Proposal Ratnaveer Precision Engineering Ltd has scheduled a meeting of its Board of Directors to consider a proposal aimed at raising funds through the issuance of equity shares or other securities.The company announced that the Board meeting is set for Thursday, June 11, 2026. The meeting aims to discuss various funding methods, including rights issues and preferential issues, subject to necessary legal approvals.The Company provides key details regarding its listing status:DetailValueBSE Scrip Code543978NSE Scrip SymbolRATNAVEERISININE05CZ01011Company NameRatnaveer Precision Engineering LtdIn light of the impending Board meeting...

Winsol Engineers Limited Secures ₹3.59 Crore Purchase Order for Solar O&M Services from CleanMax Enviro Energy Solutions Limited Winsol Engineers Limited has secured a purchase order valued at approximately ₹3,59,76,150 exclusive of GST. The contract is for providing Solar Operation and Maintenance (O&M) services to CleanMax Enviro Energy Solutions Limited at its Kalavad Plant. The terms of the order were finalized and received by Winsol Engineers on June 08, 2026.The receipt of this purchase order from the domestic entity is expected to strengthen the company's order book, enhance its customer portfolio, and contribute positively to its future business growth.CleanMax Enviro Energy Solutions Limited awarded the Purchase Order for...

Adani Airport City Limited Acquires 100% Equity in Real Estate Venture Portus Ventures Private Limited Adani Airport City Limited (AACL), a wholly owned step down subsidiary of Adani Enterprises Ltd, has executed a Share Purchase Agreement with Portus Ventures Private Limited (PVPL) and its existing shareholders. The acquisition involves AACL acquiring 100% equity stake in PVPL.The agreement was signed on June 08, 2026. This move positions AACL to undertake Real Estate activities across various sectors through the acquired entity.Portus Ventures Private Limited is established in the Real Estate, Hotels, Motels and Resorts industry. The acquisition aims for the undertaking of real estate activities involving owned or leased property...

IFB Agro Industries Lodges Request for Investigation into Excise Interference in Liquor Business IFB Agro Industries Limited has approached the Chief Secretary of the Government of West Bengal seeking an independent investigation concerning alleged illegal interference by Excise authorities regarding the company's liquor business operations.The representation filed by the company seeks to address ongoing issues related to the regulatory environment surrounding its liquor trade, emphasizing that these matters constitute material information relevant to the business operations of IFB Agro Industries Limited.The company has stated that it will continue to keep stock exchanges duly informed regarding any subsequent developments in this...

Libas Consumer Products Limited to Acquire 51 Percent Equity Stake in LA Rambla Lifestyle Private Limited Libas Consumer Products Limited has proposed the acquisition of a 51 percent equity stake in LA Rambla Lifestyle Private Limited, with the transaction structured across one or more tranches. The deal will be finalized subject to a Shareholders Agreement executed between Libas and the investee company.The acquisition represents a strategic move for Libas Consumer Products Limited, aiming to transition toward a highly diversified, multi-engine growth model. By integrating the capabilities of LA Rambla Lifestyle Private Limited, the Company intends to maximize long-term stakeholder wealth.Target Company Details and Financial...