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Garlon Polyfab Industries Ltd Reports Unaudited Results for Quarter Ended June 30, 2023 Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended June 30, 2023. The company's statements were reviewed by P.D. Agrawal & Co., Chartered Accountants.The review report indicated that nothing came to the accountants’ attention that suggested the statement had not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices, nor did it contain any material misstatement. The company confirmed that it adopted Ind AS for the financial year commencing from April 1, 2017.The company's management is responsible for the statements, which were approved by the...

Hardwyn India Announces Share Capital Increase and Director Appointments Following Board Meeting Hardwyn India Limited has announced several significant corporate developments following a board meeting held on June 05, 2026. The company approved substantial changes to its authorized share capital structure, initiated a bonus equity issue, appointed new key personnel, and recorded the resignation of senior executives.The Board reviewed and approved two major strategic actions: an increase in the Authorized Share Capital and a proposal for a bonus equity share issuance.Share Capital Restructuring and Bonus Issue The company's authorized share capital is set to be increased from its existing level of ₹50,00,00,000 (Fifty Crore) to...

Garlon Polyfab Industries Reports Quarterly Results for Q4 2023; Financials Reviewed by Chartered Accountants Garlon Polyfab Industries Limited has published its audited financial results and a limited review report for the quarter ended December 31, 2023. The company’s statements have been reviewed by P.D. Agarwal & Co. Chartered Accountants, with findings presented in the accompanying reports.The audited financial results cover three reporting periods: Quarter ended December 31, 2023; Quarter ended December 31, 2022; and Quarter ended March 31, 2023. Key operational metrics and expenses detailed in the results include figures for SIS (Specific Indicator/Segment Information) and Income Statement (IS).The financial data reported...

RBI Opens Window for Banks: Draft Directives Aim to Boost Flexibility in Interest Rate Pricing on Deposits The Reserve Bank of India (RBI) has issued a critical draft amendment document concerning interest rates on deposits, signaling a move towards greater financial flexibility across various banking sectors. The new guidelines are designed to empower banks more effectively when pricing Rupee bulk deposits while simultaneously ensuring standardized transparency and disclosure of interest rates for all deposit products.The RBI invites feedback from regulated entities, the general public, and other relevant stakeholders regarding these draft directions. These amendments touch upon diverse parts of the financial ecosystem, providing...

SEBI Imposes Rs 5 Lakh Penalty on Ellenbarrie Tea for Manipulative Reversal Trades in BSE Stock Options Market The Securities and Exchange Board of India (SEBI) has issued a detailed adjudication order imposing a penalty on The Ellenbarrie Tea Company Limited. The fine was levied after the company was found guilty of engaging in non-genuine trades in the illiquid stock options segment of the Bombay Stock Exchange (BSE).This action highlights SEBI's commitment to maintaining market integrity and preventing deceptive practices among listed entities. The proceedings pertained to trading activities conducted during the period spanning April 1, 2014, to September 30, 2015.Allegations of Artificial Volume Generation in Stock Options SEBI...

Reliance Industries Limited Executives Participate in Institutional Investor Meeting Reliance Industries Limited (RIL) executives participated in an institutional investors' meeting hosted by a third party on June 5, 2026. The engagement included participation in the Citi India Conference 2026 in Mumbai.The company confirmed that no unpublished price sensitive information was shared or discussed during this one-on-one meeting with institutional investors.Details of the meeting are as follows:Date Type of Meeting/Event LocationJune 5, 2026 Citi India Conference 2026 MumbaiRELIANCE Stock Price Movement Reliance Industries Limited shares slipped by 0.49% in trading today, closing at ₹1291 after shedding ₹6.30 from previous...

Fitch Ratings Affirms 'BB+/Stable' Rating for JSW Hydro Energy Limited Senior Secured Notes Fitch Ratings has affirmed the credit rating for the Senior Secured Notes (USD Bonds) issued by JSW Hydro Energy Limited, a step-down subsidiary of JSW Energy Limited. The rating affirmation was provided by Fitch Ratings in its release dated June 5, 2026.In line with the assessment from the ratings agency, JSW Hydro Energy Limited holds a credit rating of 'BB+/Stable' for its Senior Secured Notes (USD Bonds).This confirmation addresses the financial standing associated with these specific notes and reflects the opinion provided by Fitch Ratings regarding the bonds. The affirmed status is significant for investors tracking the debt instruments...

Esaar India Ltd Announces Board Meeting to Discuss CFO Appointment and Equity Rights Issue Esaar India Ltd has scheduled a meeting of its Board of Directors for Wednesday, June 10, 2026. The agenda includes significant corporate matters focused on leadership changes and capital raising opportunities.The Board meeting is slated to transact several key businesses. Among these items is the consideration of the appointment of the Chief Financial Officer (CFO) of the company. Additionally, the management plans to consider a proposal to raise funds through the issuance of equity shares by way of a rights issue, which is subject to requisite regulatory and statutory approvals. The meeting agenda also includes any other business with the...

Indo Thai Securities Fully Repays Inter-Corporate Loan to Yash Technologies Indo Thai Securities Limited has confirmed that it has repaid in full an inter-corporate loan availed from Yash Technologies Private Limited. The company stated that the entire outstanding loan amount, along with all applicable interest, has been discharged.The repayment signifies that no amount remains outstanding or payable by Indo Thai Securities Limited to Yash Technologies Private Limited under the respective loan agreements. Consequently, as of the date of the communication, the outstanding loan balance in respect of these inter-corporate loans stands at Nil.Indo Thai Securities confirmed that it has fully discharged all its obligations related to the...

RBL Bank Appoints Surya Subramanian as Additional Non-Executive Independent Director RBL Bank Limited has appointed Mr. Suryanarayan Subramanian as an (Additional) Non-Executive Independent Director. The appointment was made by the Bank's Board of Directors during a meeting held on June 05, 2026.The appointment is effective from June 05, 2026, and spans a period of four years, subject to shareholder approval. Under the Companies Act, 2013, Mr. Subramanian will not be liable to retire by rotation. The Bank noted that the addition of Mr. Subramanian strengthens the Board given his extensive international experience in the banking and finance sector.A brief profile of Mr. Subramanian reveals a career spanning over 35 years across the...

HCLTech Climate Action Grant Awards $1 Million to Advance Scalable Climate Solutions in the Americas HCLTech has awarded a grant totaling $1 million through the third edition of the HCLTech Climate Action Grant in the Americas, supporting nonprofit organizations (NPOs) dedicated to advancing climate solutions across the continent.Guatemala-based CISP (Comitato Internazionale per lo Sviluppo dei Popoli) was named the winner of the grant, while Argentina-based Aves Argentinas and Mexico-based Isla Urbana - Lluvia para Todos A.C. secured runner-up positions. The three organizations will collectively use the funding to expand their efforts in water security and biodiversity conservation in climate vulnerable regions.The award...

SEBI Issues Demand Notice to Agomoni Commercial Over Illiquid Stock Options, Citing Rs 5.31 Lakh Recovery Securities market regulator SEBI has issued a formal demand notice against Agomoni Commercial Private Limited concerning penalties related to illiquid stock options. The notice details a total recovery amount of Rs 5,31,000, stipulating that the company must comply with the payment terms within fifteen days of receiving the official communication.SEBI Formalizes Recovery Proceedings Against Corporate Entity The demand certificate, issued by SEBI’s Eastern Regional Office on June 5, 2026, pertains to penalties imposed following an adjudication process involving illiquid stock options held by Agomoni Commercial Private Limited. The...

BMI Pool Slashes War-Risk Premiums by Up To 48%; India Charts Three-Step Roadmap for Maritime Insurance Sovereignty Workshop Boosts Confidence as BMI Pool Delivers Major Savings Mumbai saw the convergence of key industry players at a specialized workshop focused on the newly launched Bharat Maritime Insurance Pool (BMIP). The event, held in collaboration with the Directorate General of Shipping and the General Insurance Council, gathered shipowners, cargo owners, and shipping lines. This initiative aims to address critical needs within India's maritime insurance landscape.The workshop was inaugurated by Dr. Debashish Prusty, Additional Secretary at DFS, alongside senior representatives from the shipping and general insurance sectors...

TCFC Finance Ltd Completes NCLT Approval for Selective Capital Reduction and Share Cancellation TCFC Finance Limited announced that the National Company Law Tribunal (NCLT) has approved its Scheme of Selective Capital Reduction. The approval was granted by the Hon'ble NCLT, Mumbai Bench-I, via an Order dated 22 April, 2026.The scheme involves the cancellation of shares held by TCFC Finance Limited in its own name. As part of the process, the approved Scheme pertains to 5,33,334 shares.Following the NCLT approval and the terms of the scheme, the Board of Directors of TCFC Finance Limited has fixed a cut-off date for implementing the selective reduction. The designated cut-off date is 08 June, 2026.The selective capital reduction...

Tragedy in Ludhiana: NHRC Orders Intensive Probe After Toxic Sewage Line Cleaning Kills Three Workers The National Human Rights Commission (NHRC), India, has intervened after reports surfaced of a fatal industrial accident in Punjab. The commission took suo motu cognizance regarding an incident where three persons died and two others were injured while manually cleaning a sewage line inside a factory in Ludhiana district on June 1, 2026.The tragedy reportedly occurred as the factory management hired workers to clear a sewage system designated for disposing of chemical waste. These laborers entered the confined sewer line without any necessary safety equipment, exposing them directly to highly toxic fumes.The Fatal Industrial...

BEML Ltd Appoints M/s Chandra Wadhwa and Co as Cost Auditor for Three Years BEML Ltd has appointed M/s. Chandra Wadhwa and Co. Bangalore as its Cost Auditor. The decision was made by the Board of Directors at a meeting held on May 29, 2026.The appointment is set for a period of three years, commencing from Financial Year (FY) 2026-27 through FY 2028-29.BEML Ltd confirmed that it received the consent and requisite certificate from M/s. Chandra Wadhwa and Co. to undertake the role as Cost Auditor. This appointment signifies the engagement of the firm for cost auditing services for the company over the specified period.BEML Stock Price Movement Today, BEML Limited shares edged higher in post-market trading, settling at ₹1,742.80...

DoT Unites Pensioners: Principal Controller Announces Intensive Jeevan Praman Camps Across Delhi NCR in June 2026 The Department of Telecom (DoT) has announced a focused initiative to support its service pensioners through dedicated Jeevan Praman Facilitation Camps. These camps, organized by the Principal Controller of Communication Accounts, are designed to provide crucial assistance and resources regarding Life Certificate verification for telecom pensioners across Delhi NCR during June 2026.The drive aims to ensure smooth compliance and grievance resolution among the pensioner community. The camps will be held at several key locations, including premises under MTNL in various parts of the capital city.Schedule and Locations of...

Allied Blenders and Distillers Limited Announces Management Changes: Mr. Alok Gupta Stepping Down as Managing Director; Mr. Amar Sinha Appointed Allied Blenders and Distillers Limited (ABDL) has announced significant changes in its senior leadership structure, effective May 31, 2026. The company confirmed the stepping down of Mr. Alok Gupta from his position as Managing Director and Key Managerial Personnel (KMP). Concurrently, the Board approved the appointment of Mr. Amar Sinha as an Additional Director and Managing Director & KMP, with his tenure beginning June 1, 2026.Mr. Alok Gupta will cease to be the Managing Director and KMP of the company effective from the end of business hours on May 31, 2026. This departure follows Mr...

AI Revolutionizes Tribal Education: NESTS Partners with CoGrad to Transform Learning in 499 Residential Schools The National Education Society for Tribal Students (NESTS), an autonomous body under the Ministry of Tribal Affairs, has initiated a significant leap forward in educational technology. NESTS signed a Memorandum of Understanding (MoU) with CoGrad (Supervision Educare Private Limited), a specialized education technology organization. This groundbreaking partnership aims to integrate artificial intelligence into academic support systems for tribal students across India.The MoU was formally sealed in the presence of Ministry officials, including Smt. Ranjana Chopra and Shri B.N. Prasad, underscoring the governmental commitment...

Massive Boost for Tribal Students: NESTS Partners with Bihar Govt to Strengthen EMRS and Ensure Quality Education The National Education Society for Tribal Students (NESTS), operating under the Ministry of Tribal Affairs, Government of India, has signed a Memorandum of Understanding (MoU) with the Bihar Mahadalit Vikas Mission. This strategic partnership aims directly at strengthening the implementation of the Eklavya Model Residential School (EMRS) Scheme in Bihar. The collaboration seeks to elevate educational standards and provide quality schooling opportunities to tribal students across the state.The MoU signing ceremony saw the participation of key dignitaries, including Smt. Ranjana Chopra, Secretary of the Ministry of Tribal...