Markets

PS IT Infrastructure & Services Ltd Accepts CFO Resignation Amid CIRP Process PS IT Infrastructure & Services Ltd has accepted the resignation of its Chief Financial Officer (CFO), Mr. Rajesh Baliram Patole, following a meeting held by the Committee of Creditors (CoC) and the Resolution Professional.The acceptance of the resignation was formalized on June 4, 2026, after the matter was reviewed during a meeting conducted by the Resolution Professional. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP).Mr. Patole's departure, which took effect from May 23, 2026, was attributed to both the initiation of the CIRP process and personal reasons, as stated in his resignation letter.Key details regarding...

CG Power and Industrial Solutions Limited Sets Schedule for Analyst and Institutional Investor Meetings CG Power and Industrial Solutions Limited has announced the schedule for one-to-one meetings with analysts and institutional investors. The meetings are designed to provide engagement opportunities for interested parties regarding the company's affairs.The company provided details on two separate days in June 2026, involving various financial institutions.The scheduled meetings are detailed below:Day and DateParticipantsThursday, 18th June, 2026Jefferies India Private Limited, JP Morgan Asset Management, and Chola SecuritiesFriday, 26th June, 2026Jefferies India Private LimitedThe company noted that the schedule is...

Gulf Oil Lubricants Reports Strong Q4 & FY26 Results, Highlights EV Ecosystem Investment and Expansion Plans Gulf Oil Lubricants India Ltd. reported sustained business momentum with the release of its audited financial results for the quarter and full year ended March 31, 2026. The company achieved All-Time High quarterly volumes, revenue, and EBITDA, supported by growth across various key segments and disciplined execution despite geopolitical headwinds.The performance reflected robust demand in core segments such as PCMO and CVO, both of which recorded double-digit growth during the quarter and for the full financial year. Furthermore, the OEM segment witnessed strong double-digit growth, while B2B Industrial, Infrastructure, and...

Sirca Paints India Limited has confirmed its participation in an upcoming investor conference focused on presenting its financial performance for the fourth quarter of fiscal year 2026 (Q4 FY26) and the full fiscal year 2026.The company is scheduled to participate in "InsightX 2026 - Investor Conference," organized by Choice Equity Broking Pvt. Ltd. The event details, including date and format, are provided below:DateConference detailsVenueMode of InteractionWednesday, 10th June, 2026InsightX 2026 - Investor ConferenceVirtualOne to One & Group MeetingsSirca Paints will present its comprehensive Investor Presentation covering the Q4 FY26 and FY26 Results during the meeting. The presentation materials have been submitted and...

PNGS Reva Diamond Jewellery Ltd Schedules Investor Meeting with Choice Institutional Equities PNGS Reva Diamond Jewellery Limited, formerly known as Gadgil Metals and Commodities, has scheduled a meeting for its management to interact with investors and analysts. The engagement includes participation in the Choice Institutional Equities InsightX 2026 Conference.The event is set to take place on Friday, June 12, 2026. The company’s management team will participate in the session which is scheduled for a virtual group setting.Key details regarding the investor engagement are as follows:DateEvent ParticularsModeTimeFriday, June 12, 2026Choice Institutional Equities - InsightX 2026 ConferenceVirtual Group04:00 PM-05:00 PMThe...

SEBI Unveils 'India Rising': Capital Markets Hit by ₹4.5 Trillion Equity Surge in Transformation Quest In a pivotal address delivered at the ICICI Securities Investor Conference 2026, SEBI’s Chairman, Shri Tuhin Kanta Pandey, articulated the defining role of capital markets in India's economic ascent. Speaking amidst discussions titled 'India Rising: The Role of Capital Markets,' Mr. Pandey emphasized that national growth is inextricably linked to formalization and financialization of savings.The address highlighted how investor confidence and institutional trust are now central pillars driving the nation’s transformation, moving beyond mere GDP expansion to creating sustainable prosperity.India's Resilience Amid Global Turmoil Amid...

SpaceX IPO Filing Reveals Trillion Dollar Horizon Beyond Rockets for Global Tech Ecosystem The future of space technology is rapidly evolving beyond the launch pad. While many view companies like SpaceX primarily through the lens of rocket power, Elon Musk’s draft IPO filing suggests that spacetech firms are entering an era defined by connectivity, AI infrastructure, and comprehensive vertical integration. The massive prospectus, set to launch trading on Nasdaq under the ticker SPCX, paints a picture where space is not merely transportation but a complete economic frontier.From Rockets to Revenue: SpaceX’s Shift to Connectivity Dominance The filing emphasizes that while launch services are crucial, revenue streams are increasingly...

Lupin Collaborates with ERN for Launch of Luforbec® in Spain Global pharmaceutical major Lupin Limited announced a strategic collaboration with LABORATORIOS ERN S.A., a Spanish pharmaceutical company, to launch Luforbec® (beclometasone/formoterol) 100/6 in Spain. The fixed dose combination product is intended for the treatment of adult asthma and chronic obstructive pulmonary disease (COPD).This partnership merges Lupin's global expertise in respiratory care and pMDI manufacturing with ERN's robust national reach and established customer relationships, marking a milestone for high-quality respiratory care access in Spain.Thierry Volle, President EMEA and Emerging Markets at Lupin, stated that the launch of Luforbec® in Spain follows...

Equitas Small Finance Bank Allots Over 21 Lakh ESOP Shares; Paid-up Capital Increases Equitas Small Finance Bank Ltd has reported a significant update in its capital structure, confirming the allotment of equity shares resulting from the exercise of Employees Stock Options under the ESOP Scheme.The bank allotted 21,48,829 equity shares to option grantees who exercised their options granted under the Employee Stock Option Scheme (ESOS). The newly issued shares were allotted at a price of Rs. 10/- each.This transaction resulted in an increase in the paid-up share capital of the bank. Previously standing at Rs. 11,41,57,29,770/-, the paid-up share capital has now risen to Rs. 11,43,72,18,060/- following the allotment.The newly...

Hind Rectifiers Ltd Schedules Group Meeting for Analysts and Institutional Investors Hind Rectifiers Limited has organized a group meeting for analysts and institutional investors. The event is scheduled to take place at the company's plants in Nashik.The company officials will attend the meeting with participants, which is set for Thursday, June 11, 2026. The gathering will be held at the Satpur and Sinnar plant located in Nashik.Details regarding the investor interaction are as follows:DayDateTimeMeeting NaturePlaceThursdayJune 11, 202611:00 am onwardsGroup MeetingNashikThe discussions planned for the meeting will be based solely on publicly available information. The company noted that no unpublished price sensitive...

PBM Polytex Ltd Mourns Demise of Long-Serving Non-Executive Director Hari Prasad Siotia PBM Polytex Limited has announced the passing of Mr. Hari Prasad Siotia, a long-standing non-executive director of the company. The demise occurred on June 7, 2026.The company stated that Mr. Siotia had been appointed as a Director since 1980 and held an integral leadership position within PBM Polytex Ltd throughout his tenure. His contributions and guidance to the organization were described as invaluable in the company's progress.PBM Polytex Limited expressed deep condolences following the unexpected loss. The Board of Directors and all employees stated that Mr. Siotia's demise represents an irreparable loss to the Company, and they conveyed...

Ganesh Benzoplast Reports FY26 Results: Revenue Up 9.9%, Reported PAT Rises by 92.5% Ganesh Benzoplast Limited has released its audited consolidated results for the financial year ended March 31, 2026, showing a revenue increase of 9.9% year-on-year (YoY) and reported Profit After Tax (PAT) soaring by 92.5%. The company emphasizes that while headline growth is strong, underlying profitability requires a like-for-like assessment due to operational factors.The results highlight the continuing expansion of Ganesh Benzoplast’s integrated liquid logistics platform across India's west and south coasts.Financial Performance Snapshot (FY26)Total revenue reached ₹4,114 Mn for FY26. The company reported a PAT of ₹733 Mn, compared to an EPS...

Hexagon Nutrition IPO Sees Retail Surge as RII Segment Books Over 4x Demand Amid QIB Silence Hexagon Nutrition's initial public offering (IPO) saw strong performance on the second day of bidding, driven primarily by robust interest from retail and non-institutional investors. The issue, which is an offer for sale (OFS), was subscribed at 2.92 times by 11:48 am on Monday, indicating healthy demand from individual and specific investor segments.The IPO generated significant buzz following a solid opening day, having achieved full subscription early on June 5. The offering provides investors with the opportunity to participate in the sale of equity shares through this public issue.Detailed Subscription Metrics Reveal Market Dynamics As...

Sungold Media and Entertainment Ltd Holds 31st Annual General Meeting; Seeks Approval for MD Remuneration and Director Reappointment Sungold Media and Entertainment Limited has scheduled its 31st Annual General Meeting (AGM) for June 30, 2026. The company will utilize this meeting to review audited financial statements, seek approval for the remuneration of Chairman and Managing Director, and consider the re-appointment of a director who retires by rotation.The AGM is set to be held at the registered office of the company located at 102, 1st Floor, 36, Shri Rang Residency, Vadia, Rajpipla, Narmada, Nandod, Gujarat, India, on Tuesday, June 30, 2026, starting at 11:00 A.M.AGM Timeline and Key Deadlines The company has established...

Open Offer Status: Zero Shares Tendered for RBL Bank Limited Acquisition by Emirates NBD As of June 5, 2026, the acquisition status of RBL Bank Limited by Emirates NBD Bank (P.J.S.C.) through an open offer has been reported. The update concerns the number of equity shares tendered from public shareholders in connection with the ongoing Open Offer.The transaction involves Emirates NBD Bank acquiring up to 415,586,443 equity shares of Rs. 10 each ('Equity Shares') of RBL Bank Limited ('Target Company'). This offer represents twenty-six per cent. (26.00%) of the Expanded Voting Share Capital of RBL Bank Limited.According to statements received regarding the Open Offer Escrow Demat Account, zero (nil) Equity Shares were tendered in...

State Trading Corporation Of India Limited Share Transfer Status Reported by MCS in May 2026 The State Trading Corporation of India Limited (STC), a Government of India Enterprise, reported the status of physical share transfer requests for May 2026, as confirmed by its Registrar and Transfer Agent, MCS Share Transfer Agent Limited. The report covers all transactions handled under the special window defined by SEBI guidelines.According to data provided by MCS Share Transfer Agent Limited, there were zero requests received or processed during the specified month.The operational status of share transfer requests for STC in May 2026 is detailed below:NO OF REQUESTES RECEIVED DURING THE MONTHNO OF REQUESTS PROCESSED DURING THE...

Indo Thai Securities Converts 1,00,000 Warrants into 10 Lakh Equity Shares Indo Thai Securities Ltd has completed the conversion of warrants into equity shares following its Preferential Allotment Committee meeting held on June 8, 2026. The company allotted a total of 10,00,000 equity shares based on the conversion of 1,00,000 Equity Convertible Warrants (ECWs).The allotment was executed after the receipt of the remaining 75% of the issue price, which was adjusted to Rs. 37.5 per share due to a previous stock split. The total aggregate consideration received for the equity shares amounted to Rs. 3,75,00,000/-.The conversion process followed a ratio of one warrant converted into ten equity shares, reflecting adjustments made after...

CMR Green IPO Allotment Today: Check Status After Massive 127X Investor Demand Surge CMR Green Technologies is expected to finalize its IPO share allotment later tonight, June 8. The non-ferrous metal recycler attracted significant investor interest, drawing a remarkable demand of 127 times in the primary market. This high level of subscription underlines the market's confidence in the company's growth trajectory and operational efficiency.CMR Green IPO Overview and Market Reception The Rs 631 crore CMR Green Technologies IPO was open for public subscription from June 3 to June 5. The company established a price band for the shares ranging between Rs 182 and Rs 192 per share. Before the main bidding process, the issuer successfully...

TCS signs multiyear agreement with Canada Life to transform European IT operations using AI Tata Consultancy Services (TCS) has entered into a multiyear transformation and managed services agreement with Canada Life, a leading global life and pensions insurer. The partnership is set to modernize Canada Life's entire IT infrastructure across its European businesses by leveraging TCS' advanced capabilities in artificial intelligence and digital transformation.The strategic collaboration encompasses the management and modernization of critical aspects of Canada Life's operations, including data centres, core infrastructure, end-user computing, and software lifecycle management. This effort is designed to enhance operational resilience...

Rajesh Exports Stock Plummets to Lower Circuit for Third Straight Session Amid Sebi Probe Allegations Shares of Rajesh Exports faced severe selling pressure on Monday, plunging to the 5 percent lower circuit for the third consecutive trading session. The sustained decline comes as investors react intensely to allegations by Securities and Exchange Board of India (Sebi) regarding improper fund routing through personal accounts and promoter-linked entities without adequate disclosure.The stock closed locked at its lower circuit limit of Rs 94.50, marking a decline of Rs 4.95 or 4.98 percent. This is the third instance since Sebi's investigation details emerged where the company's stock has hit its lower bound limit.Company Rejects...