Markets

IBL Finance Board Approves Increased Borrowing Limits and Plans Major Debenture Issues IBL Finance Limited held a Board Meeting on June 6, 2026, where it considered and approved several proposals aimed at enhancing its financial capacity and expanding its capital raising avenues. The company's board decisions included increasing both its overall borrowing limits and the authorization for creating charges over its assets.Two major fundraising initiatives were also approved by the Board: one involving a private placement of non-convertible debentures (NCDs) and another concerning a public issue of NCDs.Increased Financial Limits Approved The Board granted approval for increases in two key financial parameters, both pending subsequent...

Kitex Garments Limited Independent Director Resigns, Citing Personal Reasons Kitex Garments Limited has confirmed that Mr. Chenakkott Philipose, an Independent Director of the company, has tendered his resignation. The change is effective from the close of business hours on June 06, 2026.The resignation was submitted due to personal reasons, and consequently, Mr. Philipose will cease to be a member or chairperson of any Board Committee within Kitex Garments Limited.The company conveyed its sincere appreciation for the valuable contribution and guidance provided by Mr. Chenakkott Philipose during his association with Kitex Garments as an Independent Director.The resignation letter confirmed that there are no material reasons for...

Vedanta Focuses on Critical Minerals as Global Markets Face Energy-Led Inflation and AI Transforms Investing Vedanta Limited has highlighted its strategic positioning in critical minerals, essential for global electrification and industrial growth, as part of its performance update. The company emphasizes that India is poised to become a global economic leader, possessing the necessary talent and resources while focusing on building domestic industrial capabilities across strategic metals.The post-demerger Vedanta Limited maintains a focused portfolio in critical minerals and strategic metals, holding key assets spanning zinc, silver, copper, ferrochrome, nickel, and other vital materials. This positioning is driven by accelerating...

Admach Systems Ltd Lands Order Worth ₹165.20 Lakhs from Steel Industry Client Admach Systems Limited has secured a new purchase order valued at ₹ 165.20 lakhs, involving the supply of specialized equipment to a domestic client in the steel industry. The acquisition contributes positively to the company's business pipeline.The contract covers the provision of a Main System and Automatic Calibration Station to the client. The terms for this order include a detailed payment structure: 15% advance upon submission of ABG, 15% against layout approval, 50% upon equipment inspection with Pl, 10% against material receipt at site, and the final 10% following installation and commissioning at the client's location, which requires the submission...

KICL Accelerates Vision 2030, Focusing on Agriculture Tech, Drone Ecosystems, and Footwear Manufacturing Growth Kothari Industrial Corporation Limited (KICL), a respected business group with over six decades of history in South India, has announced an ambitious growth roadmap positioning the company at the intersection of agriculture technology, advanced manufacturing, and geospatial intelligence. The strategy is designed to create long-term value while contributing significantly to India's economic transformation and employment generation.Chairman and Managing Director Dr. Rafiq Jinnah Ahmed stated that KICL is strategically positioning itself to participate meaningfully in India’s growth story as the nation enters a phase driven by...

Edible Oil Pack Sizing Standardized as Consumer Affairs Seeks Greater Market Transparency and Fair Trade The Department of Consumer Affairs has made a significant move to bolster consumer confidence in the edible oil market by amending the Standard Operating Procedure (SoP) under the Legal Metrology framework. This crucial amendment addresses the growing issue of varied packaging sizes, which often makes it difficult for consumers to accurately compare prices across brands.This initiative follows extensive consultations involving major industry associations that represent nearly 90 per cent of the country's edible oil sector. By establishing uniform pack standards, the government aims to introduce greater transparency and encourage...

Youth Surge: India’s Demographic Power Set to Accelerate Viksit Bharat Vision by 2047 The momentum toward a developed India is being driven by the energy and talent of its youth. The MY Bharat Youth Convention, attended by over 6,000 participants, underscored that Indian youth constitute the nation's greatest strength and are central to realizing the vision of Viksit Bharat. This pivotal convergence of youth engagement and governmental focus highlighted a strategic push towards making India a globally competitive and self-reliant nation.Youth as the Engine of Viksit Bharat Addressing the convention, Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya, emphasized that the demographic advantage of India is key to national...

Ganesh Infraworld Limited Board Approves Preferential Allotment of Warrants for Up To 57 Lakh Units Ganesh Infraworld Limited announced that its Board of Directors approved the issuance of warrants through a preferential allotment process, confirming details related to the proposed issue and subsequent steps. The company holds an Extraordinary General Meeting scheduled to ratify this decision.The approval centered on the issuing up to 57,12,000 warrants. These are set to be issued at an issue price of Rs. 90/- per warrant. Each warrant is convertible into one Equity Share of face value Rs. 5/- each. The issuance carries a premium of Rs. 85/- per Equity Share.The Board also approved the Valuation Report provided by Ms. Nidhi Agarwal...

Garlon Polyfab Industries Releases Q3 Financial Results with Limited Review Report Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ended September, 2022. The results have been presented alongside a limited review report conducted by Chartered Accountants P.D. Agrawal & Co., providing moderate assurance on the company's interim performance.The company’s standalone financial statement reflects both operational and balance sheet movements for the specified period.Financial Performance Overview The income figures show data across different reporting periods, detailing operating income, expenses, and net profit/loss. The results are presented in Rupeos Lacs.ParticularsQuarter Ended September...

Aravali Securities & Finance Ltd Approves Key Appointments, Reappointments and Boards Report The Board of Directors of Aravali Securities & Finance Ltd reviewed and approved several critical matters during a meeting held on June 06, 2026. The outcomes included the re-appointment of an internal auditor, along with recommendations regarding various director positions for approval at the ensuing Annual General Meeting (AGM).The Board meeting addressed the appointment of a Scrutinizer and approved the company's Board's Report pertaining to the Financial Year ended March 31, 2026. Furthermore, the notice convening the 46th Annual General Meeting was approved by the directors.Key Directorship Appointments and Reappointments The meeting...

Garlon Polyfab Industries Ltd Reports Q3 FY21 Standalone Financial Results Garlon Polyfab Industries Limited has released its unaudited standalone financial results for the quarter ended September 30, 2021. The company's profitability for the period stood at (048] Lakhs, according to the reported figures.The comprehensive income statement details for various periods are as follows:ParticularQuarter Ended 30-09-2021Quarter Ended 30-06-2021Quarter Ended 30-09-2020Half Year Ended 30-09-2021Full Year Ended 31-03-2021Profit/(Loss) for the period (XI + XIV)(048](037]03910.85](3.88]In addition, the unaudited financial results show that Total Comprehensive Income Paid up equity share capital stood at 46,132,000.00 for both the...

Shri Gang Industries Increases Paid-up Equity Capital Through Dual Preferential Allotments Shri Gang Industries and Allied Products Limited has executed two significant preferential allotment procedures through its Board of Directors' Preferential Issue Committee, leading to a substantial increase in the company’s paid-up equity share capital. The allotments involve the conversion of existing warrants and compulsory convertible preference shares (CCPS).The first allocation involved the allotment of 1,34,680 Equity Shares. These shares were allotted to Varun Gupta, categorized as Promoter & Promoter Group, subsequent to the conversion of 1,34,680 Fully Convertible Warrants that had been issued on November 11, 2025, at an issue price of...

SRF Ltd to Hold 55th AGM on June 30, Announces Annual Report Availability SRF Limited has announced that its 55th Annual General Meeting (AGM) is scheduled for Tuesday, June 30, 2026. The meeting will be conducted via Video Conference (VC) or Other Audio-Visual Means (OAVM).The company’s AGM concerns the Annual Report for the financial year 2025-26.SRF Ltd has ensured accessibility of the annual report for all shareholders. Those members whose email addresses are registered with the Company, its Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs) have received the official notice of the AGM via electronic mode.For shareholders who do not have their details registered with the RTA or Depository Participant...

Praveg Ltd Appeal Against GST Order Substantially Allowed; Liability Reduced to Rs 20,000 Pravedg Limited has received a favorable order from the Appellate Authority regarding an ongoing Goods and Services Tax (GST) dispute. The Appellate Deputy Commissioner (S.T.), Goods and Service Tax, Chengalpattu, substantially allowed the Company's appeal after reviewing the initial GST order dated December 18, 2024.The litigation originated with an order from the Deputy State Tax Office, Roving Squad-V, Chengalpattu Intelligence. The dispute involved a claimed amount of Rs. 17,83,112/-.In the subsequent appeal to the Appellate Authority, the Company received relief in the matter. Through the order passed on June 05, 2026 under the IGST Act...

Garlon Polyfab Industries Ltd Presents Unaudited Financial Results for Quarter Ended June 30, 2021 Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended June 30, 2021. The company's management is responsible for the Statement, which was prepared in adherence to Ind AS and other recognized accounting practices.The statement underwent a review conducted in accordance with the Standard on Review Engagement (SRE) 2410, issued by the Institute of Chartered Accountants of India. While the review provides moderate assurance, it is distinct from an audit opinion.Based on the independent auditor's review, nothing was found to cause them to believe that the Statement had not been prepared...

Imec Services Ltd Registers Resignation of Independent Director Kamna Talreja Imec Services Limited has confirmed the resignation of Ms. Kamna Talreja from her position as an Independent Director of the company. The resignation is effective retrospectively from June 05, 2026.Ms. Talreja tendered her resignation through a letter dated June 05, 2026. Her departure and relinquishment of membership in various Board committees are effective as of that date.The reason cited for Ms. Talreja's resignation is personal reasons, with confirmation provided that there are no other material reasons contributing to the decision.Key details regarding the change in directorial status are summarized below:ParticularsDetailsDirector NameKamna...

Garlon Polyfab Industries Limited Releases Unaudited Financial Results with Limited Review Report Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended December, 2022, along with a limited review report prepared by Chartered Accountants P.D. Agrawal & Co.The Statement of the financial results was reviewed in accordance with the Standard on Review Engagement (SRE) 2410, which is issued by the Institute of Chartered Accountants of India. This standard requires a review to obtain moderate assurance regarding whether the financial statements are free from material misstatement. The auditors confirmed that they did not perform an audit and therefore do not express an audit opinion.Based on...

Patel Retail Limited Launches 52nd R Mart Store in Bhiwandi, Bolstering MMR Presence Patel Retail Limited has expanded its retail footprint by launching its 52nd Patel's R Mart store in Bapgaon, Bhiwandi. The addition of this new outlet is designed to strengthen the company's growing presence across the Mumbai Metropolitan Region (MMR) and enhances accessibility in suburban and emerging urban markets.The strategically located store allows the Company to continue offering customers convenient access to quality groceries, daily essentials, household products, and value-driven options, reinforcing its position as a neighborhood retail destination. This launch aligns with the company's cluster-based expansion strategy and is set to...

Garlon Polyfab Industries Ltd Reports Unaudited Financial Results for Quarter Ended June 30, 2022 Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ended June 30, 2022. The company reported a net loss from continuing operations during this period.The performance metrics and financial summaries across the periods included in the report are detailed below:Financial MetricQuarter Ended June 30, 2022 (Unaudited)Quarter Ended June 30, 2021Year Ended March 31, 2022 (Audited)Income from Operations2 Lacs3 LacsTotal Expenses4 Lacs1 Lacs0.84 LacsProfit (Loss) before tax(0.39) Lacs(1.05) Lacs(2.28) LacsNet profit/(Loss) from continuing operations(0.39) Lacs(1.05) Lacs(2.28) LacsPaid up...

High Court of Kerala Dismisses Writ Appeal Filed by Cochin Minerals Against Enforcement Proceedings Cochin Minerals & Rutiles Ltd has confirmed that a writ appeal, challenging certain proceedings related to an ECIR, has been dismissed by the Hon'ble High Court of Kerala. The court delivered its judgment on June 5, 2026, upholding the order issued by a learned Single Judge.The litigation involved Cochin Minerals and four other parties who had filed the Writ Appeal before the Division Bench. The challenge related to the refusal of a single judge to quash the ECIR and associated proceedings.The Division Bench determined that the registration of a scheduled offence is not a prerequisite for conducting civil action or inquiry under PMLA...