Markets

Cyient Acquires TAO Digital to Lead Engineering and Technology Convergence Cyient Ltd has completed the acquisition of TAO Digital, a move that marks a pivotal shift in the company's strategy from being a pure-play engineering service provider to becoming a leader in technology convergence. The decision is driven by the evolving needs of industrial clients who require solutions spanning software, data, and AI throughout the product life cycle.During the conference call held on June 1, 2026, management detailed how the market has transformed. As manufacturing and engineering have progressed, companies are seeing an increasing interplay between software platforms and digital technology. Cyient noted that its customers' requirements have...

RBZ Jewellers Ltd Announces Virtual Investor Conference for Institutional Analysts RBZ Jewellers Ltd has scheduled an interaction session with institutional investors and analysts, providing an opportunity for stakeholders to connect with company representatives. The event is set up as a dedicated investor conference focusing on corporate interactions rather than specific financial disclosures.The meeting, organized in collaboration with Choice Institutional Equities, will be held virtually. This platform allows the company to engage directly with various institutional participants across the sector.Key details regarding the Investor Conference are provided below:DateMeeting TypeModeTimeThursday, June 11, 2026Choice...

Ravi Marketing & Services Sells Shares of Archidply Industries Ltd in Amalgamation Transaction Ravi Marketing & Services Private Limited has completed the disposal of equity shares of Archidply Industries Limited, a transaction executed as part of an amalgamation among Promoter Group Companies.The company disposed of 2827850 Equity Shares of Archidply Industries Limited. The sale was conducted on June 5, 2026, and falls under the mode of amalgamation.Acquisition DetailsRavi Marketing & Services Private Limited, designated as a Promoter, held these shares prior to the disposal. The transaction details provided are summarized below:ParticularValue (Number)Percentage (%w.r.t. total diluted share/voting capital)Shares carrying...

Independent Director Resigns from Salasar Exteriors and Contour Limited Salasar Exteriors and Contour Limited has confirmed that Mr. Haren Pitamber Rathod, a Non-Executive Independent Director, has resigned from the company, effective June 08, 2026.The Board of Directors of Salasar Exteriors and Contour Limited noted the resignation and expressed sincere appreciation for the contribution made by Mr. Rathod during his tenure as a Board Member.Mr. Haren Pitamber Rathod tendered his resignation due to other professional commitments. The company confirmed that there are no material reasons for his departure beyond those stated in his letter.The key details regarding the cessation of his directorship have been summarized below...

Motherson Commissions First Captive Solar Project in Uttar Pradesh for Industrial Decarbonization Samvardhana Motherson International Limited (Motherson) has commissioned its inaugural ground-mounted captive solar power project in Uttar Pradesh. This development is part of the Group's broader strategy to transition towards clean energy and reduce its industrial carbon footprint.The facility, developed through Motherson New Energy Limited (MNEL) and its subsidiary Onega Solar Private Limited, is located in Mahoba. The 15 MWp solar plant is set to supply renewable energy to various Motherson manufacturing facilities across Uttar Pradesh.This project represents a significant move towards sustainable operations for the Group. It is...

Salasar Exteriors and Contour Limited Announces Director Resignation and Committee Reconstitution Salasar Exteriors and Contour Limited confirmed significant changes in its board structure, announcing the acceptance of an independent director’s resignation and detailing the composition of its key committees.The company accepted the resignation of Mr. Haren Pitamber Rathod from the post of Independent Director with effect from June 08, 2026. The resignation was received by the Board of Directors and reflects the director's decision due to other professional commitments. Mr. Rathod is noted as having resigned on June 08, 2026, and held no directorships in listed entities.In line with the board’s meeting, the structure of the Audit...

Shree Shyam Tea Acquires Shares of Archidply Industries Through Amalgamation Shree Shyam Tea Private Limited, a company within the Promoter Group, has acquired shares in Archidply Industries Limited. The acquisition was completed through amalgamation on June 05, 2026.The transaction involved the purchase of 3,943,509 Equity Shares of Archidply Industries Limited by Shree Shyam Tea Private Limited. As a result of this acquisition, the holding percentage of Shree Shyam Tea in the target company saw a significant increase.Prior to the acquisition, the combined holding of Shree Shyam Tea Private Limited stood at 1.40% of the total share/voting capital. Following the completion of the amalgamation, the stake increased to 21.25% of the...

Vanraj Suppliers Sells 19.85% Stake in Archidply Industries Ltd via Amalgamation Scheme Vanraj Suppliers Private Limited, a member of the Promoter Group, has sold 3,943,509 Equity Shares of Archidply Industries Limited. The disposal was completed as part of an amalgamation scheme amongst the Promoter Group Companies.The sale represents a 19.85% stake in Archidply Industries Limited, calculated against its total diluted share or voting capital. Vanraj Suppliers Private Limited executed the transaction on June 5, 2026.The details of the acquisition/disposal conducted by the promoter group company are summarized below:DetailDetails (Archidply Industries Ltd)AcquirerVanraj Suppliers Private LimitedPromoter StatusPromoter Group...

Apar Industries Corrects Distinctive Number Range for Employee Stock Allotment Apar Industries Limited has issued a correction regarding the distinctive number range related to the allotment of equity shares granted under its Employee Stock Appreciation Rights Plan 2024 (ESAR Plan 2024). The correction relates to details concerning the stock allotted pursuant to the exercise of ESARs given to eligible employees.The Board of Directors of Apar Industries Limited had previously approved the allotment of 5,920 equity shares for the ESAR Plan 2024. These shares carry a face value of Rs. 10 each and are fully paid up.A correction has been made concerning the distinctive number of the share in the stock allotment. Previously, the...

Promoter Group Sells 35 Shares in Tirupati Foam Ltd. via Open Market The MR. KALPESHBKOTHARI Promoter group has disposed of equity shares in Tirupati Foam Ltd., selling 35 shares through the open market on February 25, 2026. The transaction details show a marginal change in the promoter's holding stake following the sale.The disposal was carried out by the Promoter group, with MR. KALPESHBKOTHARI as the individual identified. The sale of these shares reduced the Promoter group's shareholding percentage from 1.537% to 1.536%.The transaction details and changes in holding for MR. KALPESHBKOTHARI are summarized below:MetricBefore SaleAfter SaleShares Carrying Voting Rights67,73067,695Holding Percentage1.537%1.536%Mode of...

High-Level Banking Panel to Ignite Sectoral Overhaul; Focus on PSB Mergers and Foreign Investor Rights The Centre is poised to constitute a high-level banking committee within the next two to three weeks to comprehensively review India's financial sector. This move follows the announcement of the panel in the budget, signaling a concerted effort to align the banking industry with the country’s next phase of growth while ensuring financial stability and consumer protection.The Terms of Reference (ToR) for this critical committee are expected to be finalized within two weeks, according to government sources. This body will address numerous aspects vital for transforming the sector's operational landscape and strategic direction.Scope...

Assam Timber Products Acquires Shares in Archidply Industries Through Amalgamation Assam Timber Products Private Limited, a member of the Promoter Group Companies, has acquired 2,827,850 Equity Shares of Archidply Industries Limited. The acquisition was conducted through the process of amalgamation and was completed on June 5, 2026.The transaction details reveal that Assam Timber Products undertook this acquisition in relation to a scheme of amalgamation among Promoter Group Companies concerning Archidply Industries Limited. As part of the move, the acquiring company has now held a total of 5,083,636 shares, resulting in a holding percentage of 25.60%.The details regarding the holding and acquisition are summarized below...

Promoter Group Acquires Shares in Tirupati Foam Ltd, Increasing Stakeholding Tirupati Foam Ltd has provided details regarding a transaction involving its shares, noting the acquisition by the company's promoter group through an open market purchase. The data reflects the changes in ownership and share capital following the transaction.The acquisition was completed on 25 February 2026 by DHIRJABENBABULALKOTHARI, representing the Promoter Group of Tirupati Foam Ltd. The shares were acquired in the open market.Key details regarding the holding before and after the transaction are provided below:MetricBefore Acquisition/DisposalAfter Acquisition/SaleShares Carrying Voting Rights212835212735Percentage of Total Share/Voting...

Waaree Renewable Technologies Lands LOA for 300MW Ground Mount Solar EPC Project Waaree Renewable Technologies Limited has secured a Letter of Award (LOA) to execute a major Engineering, Procurement, and Construction (EPC) contract for a large-scale solar project. The order involves providing the EPC services for a 300MW/450MWp Ground Mount Solar facility, along with two years of operation and maintenance services.The contract was awarded by Sunsational Power Private Limited (SPPL), which is noted as a domestic entity. The total aggregate order size stands at 300MW/450MWp.As detailed in the transaction parameters, the project is scheduled for completion during the financial year 2026-27. This commercial order falls under related...

Promoter Increases Stake in Gajanan Securities Services Ltd Through Market Purchase A promoter has significantly increased his holding in Gajanan Securities Services Limited, acquiring 1,31,181 equity shares from the market. The acquisition was completed on June 4, 2026.Mr. Vinay Kumar Agarwal, along with Mrs. Suman Agarwal acting as a Person Acting in Concert (PAC), executed the purchase of the equity shares in Gajanan Securities Services Limited. Mr. Agarwal is noted as being part of the Promoter/Promoter Group of the target company.The acquisition transaction saw Mr. Agarwal’s individual shareholding rise by 1,31,181 shares, increasing his holding from 13,10,459 to 14,41,640 shares. The total promoter and PAC holding increased...

Auto Stocks Plunge After FADA Reports May Sales Softness Amid Record Annual Growth The rally in automotive shares hit a sharp correction on Monday after the Federation of Automobile Dealers Associations (FADA) released its sales data for May. The Nifty Auto index declined over 1%, erasing the gains accumulated during the previous four trading sessions, where it had gained 1.05%. This decline followed FADA's report indicating a month-on-month contraction in vehicle retail sales.Automotive Retail Sales See Sequential Decline FADA reported that automobile retail sales fell nearly 7 percent on a sequential basis for May. The moderation was attributed to seasonal factors and the delay experienced in the south-west monsoon across much of...

Pharma Stocks Surge Against Market Dip as Government Promises New Support Scheme for Bulk Drug Industry Pharma Sector Outperforms Broader Markets Amid Policy Assurance The Nifty Pharma index maintained strength on June 8, trading 0.3% higher despite broader market pressures that led to selling in other sectors. This resilient performance is primarily attributed to assurances from the pharmaceutical secretary regarding forthcoming government support for the bulk drugs industry.Pharmaceutical companies are showing sustained investor confidence as the Ministry focuses on long-term stability rather than short-term relief measures. Companies like Alkem Laboratories and Ajanta Pharma rose strongly, with both trading up 2.1% and 1.24%...

Dee Development Engineers Announces Plant Visit for Investors and Analysts Dee Development Engineers Ltd has scheduled a plant visit for investors and analysts at its Palwal facility in Haryana. The event is set to take place on Wednesday, June 17, 2026.The company organized the industrial tour to provide insights into its operations at the Palwal Plant. Investors and analysts attending the event will have the opportunity to tour the site.Management has confirmed that no confidential or Unpublished Price Sensitive Information (UPSI) will be shared during the plant visit.The schedule for the investor and analyst plant visit is subject to changes, if necessary.DEEDEV Stock Price Movement DEE Development Engineers Limited shares...

Welfare Drives Surge as Home Minister Affirms Garib Kalyan is Top Priority for Modi Government Amit Shah Reaffirms: Connecting Citizens to Finance Secures Foundation for 'Viksit Bharat' Union Home Minister and Minister of Cooperation, Shri Amit Shah, has firmly declared that "Garib Kalyan," the government's welfare initiatives aimed at the poor, represents the topmost priority of the Modi administration. Speaking on these crucial economic inclusion efforts, Shah detailed how the government is actively integrating millions of citizens into the mainstream economy through comprehensive social security and financial support structures.The Minister emphasized that the last twelve years have been pivotal in empowering vulnerable populations...

Asian Energy Services Ltd Schedules Group Meeting for Analysts and Investors Asian Energy Services Ltd has announced a management meeting with analysts and investors. The company stated that it will discuss information that is available in the public domain during the session.The details of the group event are as follows:Event TypeDate & TimeLocationGroup MeetingFriday, 12th June, 2026, 4:00 P.M.VirtualManagement has confirmed that the meeting will be used to discuss information available in the public domain, and no Unpublished Price Sensitive Information (UPSI) will be shared during the session.The company also noted that the schedule for the planned meeting is subject to change. Any changes may arise due to exigencies...