Markets

Rudra Gas Enterprise Shareholders Pledge Shares to NBFCs as Part of Financing Arrangements Rudra Gas Enterprise Limited has seen its promoters encumber a total of over 30 lakh shares across two separate agreements with Non-Banking Financial Companies (NBFCs) in connection with financial arrangements. The pledges were executed by the company’s promoters, Kush Sureshbhai Patel and Kashyap Sureshbhai Patel.Rudra Gas Enterprise Limited maintains a promoter holding of 61,02,800 shares, representing 73.41% of its total share capital. The encumbrance details provided relate to two specific pledged agreements signed with financial entities.Details of Encumbered Shares and Pledges The pledges were made against loans from two different NBFCs...

Sparc Electrex Appoints Three New Independent Directors; Niraj Variava Resigns Sparc Electrex Ltd announced significant changes in its board structure, appointing three new independent directors and recording the resignation of an existing director due to tenure completion. The company also finalized the reappointment of its internal auditors for the fiscal year 2026-27.The appointments were made by the Board of Directors effective June 6, 2026, pending shareholder approval. The newly appointed directors are Mr. Jayantilal Raghunathram Suthar, Mr. Rohit Bhatia, and Ms. Asha Shravan Kumar Khedia. All three individuals have been appointed for a term of five years as Independent Directors.The details regarding the new appointments are...

Rathi Steel & Power Ltd. Successfully Completes Trial Run for Hot Charging of MS Billets in TMT Bar Manufacturing Rathi Steel & Power Limited announced a significant operational milestone, having successfully conducted a trial run involving the Hot Charging of Mild Steel (MS) Billets destined for their TMT Bar Mill on June 06, 2026. This achievement marks a pivotal step in enhancing the company’s production capabilities and product portfolio.The successful implementation of this technological process allows for the efficient transfer of hot billets from the continuous casting machine to the rolling mill. The trial run successfully yielded Fe 550D grade MS TMT Rebars, which are critical components recognized for their superior tensile...

Sparc Electrex Ltd Postpones Board Meeting for Standalone Audited Financial Results Due to Reconciliation Needs Sparc Electrex Limited has announced a change regarding its meeting intended to consider the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the Auditor's Report. The meeting was postponed and rescheduled for Saturday, June 13, 2026.The rescheduled Board of Directors meeting is set to take place at 03:30 p.m. at the company’s registered office in Mumbai.The decision to postpone the event comes after a period requiring additional time for essential financial processes. Sparc Electrex stated that the delay was necessitated by the requirement for extensive...

Natural Biocon Approves Appointments, Records CS Resignation at Board Meeting Natural Biocon (India) Ltd held a Board of Directors meeting on June 6, 2026, during which several corporate decisions were formalized, including the appointment of two new directors and the acceptance of a resignation from its Company Secretary. The board also approved crucial operational reports for the fiscal year ended March 31, 2026, and set timelines for the forthcoming Annual General Meeting (AGM).Key outcomes of the meeting included the ratification of resolutions passed at the extra ordinary general meeting held on May 23, 2024. Furthermore, the board approved the Director's Report for the year ended March 31, 2026, and adopted the Secretarial Audit...

Sparc Electrex Appoints New Independent Directors and Reappoints Auditor; Director Completes Tenure Sparc Electrex Ltd has announced several key changes in its board composition, appointing new independent directors while noting the resignation of a long-serving member. The company also confirmed the reappointment of its internal auditors for the upcoming fiscal year.The Board of Directors held a meeting on June 6, 2026, and approved the appointment of two additional non-executive independent directors. Mr. Jayantilal Raghunathram Suthar (DIN: 07265227) and Mr. Rohit Bhatia (DIN: 10942375) were appointed as Additional Non-Executive Independent Directors, effective immediately. Their appointments are set for a term of five years and...

Shri Gang Increases Capital Through Allotments; Suraj Industries' Stake Revised Shri Gang Industries and Allied Products Limited has completed significant equity allotments, resulting in a substantial increase in its paid-up share capital. The changes were made following communications from the company detailing the issuance of shares through two different allotment processes involving both promoter group members and public entities.The shareholding structure of Shri Gang was updated based on these transactions, which saw Suraj Industries Ltd.'s stake revised to 18.83% of the increased paid-up equity capital.Details regarding the allotments made to Promoter & Promoter Group category and the Public category are as follows...

PM Chairs High-Level Council as Nation Zeroes In on Economic Transformation and Reform Momentum The focus on long-term development priorities and structural reform gained significant traction today as Prime Minister Shri Narendra Modi chaired a critical meeting of the Economic Advisory Council to the Prime Minister. The session deliberated extensively on the scope of India's economic transformation, underscoring the government's commitment to comprehensive, deep-seated change.The meeting provided an official platform to discuss the trajectory of the nation's growth and the necessary steps required to maintain momentum in its ongoing reforms journey. Prime Minister Modi utilized the platform to highlight the integral importance of...

Creative Newtech Receives INR 3,194.83 Crore Advance Work Order for BharatNet Middle Mile Network in Odisha Creative Newtech Limited has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Limited (BSNL) and its consortium partner. The project concerns the comprehensive development of the BharatNet Middle Mile Network within the Odisha Telecom Circle, with a total project value estimated at approximately INR 3,194.83 crore.The AWO covers all aspects of the network's life cycle, including Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance of the BharatNet Middle Mile Network in the designated circle. This project falls under the Government of India's flagship BharatNet programme.The scope...

Abha Power and Steel Secures Orders Worth 2.22 Crore from Reputed Railway OEMs; Order Book Reaches 20.50 Cr Abha Power and Steel Limited, formerly known as Abha Power and Steel Private Limited, has secured new orders amounting to Rs 2,22,38,280/- (Rupees Two crore twenty-two lakh thirty-eight thousand two hundred and eighty Only) from reputed Railway OEMs. As of June 06, 2026, the company's order book stands at approximately Rs 20.50 Cr, demonstrating its significant presence in the railway sector and sustained efforts to grow market share.The awarded orders involve the supply of castings as per the delivery schedule, standard terms of inspection and quality, with the contract period set by June 30, 2026. These contracts were secured...

Farmico completes acquisition of Simandhar Impex shares, assuming management control Simandhar Impex Ltd has seen a significant shift in its management control following the completion of an equity purchase by M/s Farmico International Private Limited. The acquirer’s stake now represents a majority holding, leading to the appointment of new directors and a change in the company’s controlling party structure.The acquisition was finalized on May 21, 2026, when M/s Farmico International Private Limited purchased 2,281,615 equity shares of Simandhar Impex Ltd. This purchase accounts for 74.64% of the paid-up equity share capital of the company.Following this transaction, the Acquirer assumed effective management control of Simandhar...

Aether Industries Receives Final Insurance Claim Settlement for Fire Accident Loss Aether Industries Limited has announced that it has received the final insurance claim settlement amount regarding a loss incurred due to a fire accident. The company received the settlement on the evening of June 5, 2026.The claim was lodged against the losses stemming from a fire accident that was initially reported on November 29, 2023. With the successful receipt of the insurance proceeds, Aether Industries stated that it has now managed to offset all the losses associated with the aforementioned fire accident.AETHER Stock Price Movement On Friday, shares of Aether Industries Limited slipped by 0.45% to settle at ₹1138.2. The stock saw a trading...

MOIL incorporates Joint Venture Company for Manganese Ore Mining MOIL Limited has confirmed the incorporation of a new Joint Venture (JV) entity focused on mining operations. The company, named MOIL MPSMCL MINING LIMITED, was officially incorporated in India on June 4, 2026.The newly formed entity is dedicated to the industry of Mining of Manganese Ore and operates within the sector. According to incorporation details, MOIL MPSMCL MINING LIMITED functions as a subsidiary of MOIL Limited.This venture required securing approvals from both DIPAM and the Ministry of Steel before its formalization. The consideration for the JV was cash, with specific share subscription costs recorded.The key structural and financial details related to...

Independent Director Resigns from Sparc Electrex after Completing 5-Year Tenure Sparc Electrex Ltd announced that Mr. Niraj Hareshbhai Variava has tendered his resignation from the position of Non-Executive Independent Director, with effect from June 7, 2026. The resignation follows the completion of his five-year tenure as an Independent Director of the company.The Board of Directors at Sparc Electrex held a meeting on June 6, 2026, and approved the resignation. The Board expressed its appreciation for Mr. Variava’s contributions and guidance during his time with the company in the capacity of an Independent Director.Mr. Variava confirmed that there were no material reasons for his resignation other than the completion of his...

Avro India Ltd Approves Sale of Plant and Machinery to Wholly Owned Subsidiary Avro India Ltd has approved a corporate transaction involving the sale of some plant and machinery to its wholly owned subsidiary, Avro Recycling Limited. The decision was made by the company's Board during a meeting held on June 06, 2026.As per the board approval, the sale of the plant and machinery is scheduled to take place on June 30, 2026. The transaction will be conducted at fair value and is subject to subsequent shareholder approval.The Board meeting commenced at 03:00 pm and concluded at 3:59 pm.AVROIND Stock Price Movement On Friday, shares of AVRO INDIA LIMITED edged higher to close at ₹11.25, having gained 0.72% during the trading session...

Tamilnad Mercantile Bank Limited Revises MCLR Rates Effective June 7, 2026 Tamilnad Mercantile Bank Limited has announced revisions to its Marginal Cost of Funds Based Lending Rate (MCLR). The updated rates are set to take effect from June 07, 2026.The bank provided the details of the revised MCLR across various tenors, including Overnight, One Month, Three Month, Six Month, and One Year instruments.As per the revision, the following rate changes have been introduced:TenorExisting RateRevised RateOvernight7.55%7.60%One Month MCLR7.55%7.60%Three Month MCLR8.25%8.30%Six Month MCLR8.80%8.85%One Year MCLR9.25%9.25%TMB Stock Price Movement Shares of Tamilnad Mercantile Bank Limited slipped by 0.59% to settle at...

Sarveshwar Foods Ltd Reports Financial Results for Quarter Ending March 31, 2026 Sarveshwar Foods Limited has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors reviewed and approved these outcomes during a meeting held on June 5, 2026. The company provided both standalone and consolidated financial statements detailing revenue, expenses, and profitability metrics across the reporting periods.Standalone Financial Performance The standalone results for Sarveshwar Foods Limited reflected significant figures in income and expenditure. For the financial year ended March 31, 2026, the Total Income stood at 66,806.90, while Revenue from Operations was reported at 66,488.72.The...

Jay Bharat Maruti Limited Reports Zero Requests for Physical Share Transfers in Specific Reporting Periods Jay Bharat Maruti Limited confirmed that there were no requests received from shareholders for the transfer and dematerialization of physical securities during the period spanning May 05, 2026, to June 04, 2026. The company also reported zero requests received for re-lodgment of transfer requests in May 2026.The company's status regarding shareholder requests for dematting and transfer of physical shares during the specified month was as follows:No. of Requests Received During the MonthNo. of Requests Processed During the MonthNo. of Requests ApprovedNo. of Requests RejectedAverage Time Taken For Processing (in Days)...

Simandhar Impex Ltd Appoints Two Professionals as Additional Executive Directors Simandhar Impex Limited has appointed two individuals as Additional Executive Directors in the Professional Category. The appointment was approved by the Board of Directors at a meeting held on June 06, 2026, and is subject to shareholder approval.The company extended the appointment to Mr. Lalit Naresh Nagdev and Mr. Amit Suresh Ninawe, effective from June 06, 2026. Both professionals were appointed following the recommendation of the Nomination and Remuneration Committee.Professional Profiles and Appointment Details Mr. Lalit Naresh Nagdev is a qualified Chartered Accountant with over nine years of diversified professional experience spanning finance...

Vishnusurya Projects and Infra Details Diversified Business Model, Secures Major Infrastructure Deals Vishnusurya Projects and Infra Limited provided details on its performance during the first half of Fiscal Year 2026 (H1 FY26) and Q4 FY26 during its Earnings Conference Call held on June 2, 2026. The company showcased resilience through its diversified operational structure and reported significant order book growth in high-value infrastructure segments.The business portfolio of Vishnusurya is built around three complementary verticals: the production of M-Sand and construction aggregates, EPC construction and infrastructure, and municipal solid waste management. These divisions provide diverse revenue streams and exposure to various...