Markets

Garden Reach Shipbuilders & Engineers Appoints New Government Nominee Director to Board Garden Reach Shipbuilders and Engineers Ltd. has announced a change in its Part-Time Official Director (Government Nominee) position on the company's Board of Directors. The Ministry of Defence, Government of India, nominated Shri Vijay Namdeorao Zade, JS (NS) as the new director.The appointment comes with Shri Zade replacing Shri Dinesh Mahur, who has relinquished the post of Part-Time Official Director (Government Nominee Director). This change is effective from June 5, 2026.As a Government of India Undertaking operating under the Ministry of Defence, this nomination reflects the government's oversight role in the company's leadership...

RBI Auctions ₹14,800 Crore of State Government Securities; Bihar, Gujarat, and Kerala Lead Market Offering The Reserve Bank of India (RBI) has announced a massive auction for various State Government Securities (SGS), offering a total Face Value amounting to ₹14,800 Crore. This significant sale includes both new issues and re-issues across multiple states, providing investors ample opportunity to access high-quality government debt instruments.The auction is scheduled to take place on June 9, 2026, utilizing the Reserve Bank of India Core Banking Solution (E-Kuber) system. Individual investors are also encouraged to participate through the Retail Direct portal (https://rbiretaildirect.org.in), enabling access to these state-backed...

Aanchal Ispat Board Approves Closure of Equity Issue; 14 Lakh Shares Allocated to QIBs Aanchal Ispat Ltd announced that its Board of Directors had approved the conclusion of an equity issue, finalizing allocation details and reviewing placement documentation. The meeting concerning these matters was held on June 5, 2026.The company confirmed the closure of the issue period for its equity shares on June 5, 2026. The issue commenced on June 3, 2026. As part of this process, the Board noted the receipt of application forms totaling 13,00,000 full paid-up equity shares and the funds in escrow from eligible Qualified Institutional Buyers (QIBs).The Board also approved and adopted the Placement Document dated June 5, 2026. A key aspect of...

Harmony Capital Service Ltd Announces Director Appointments and Board Changes Following AGM Harmony Capital Service Ltd has reported changes in its board of directors following the conclusion of its 32nd Annual General Meeting held on June 3, 2026. The company successfully appointed Mr. Rajesh Ghosh as a director, while Mr. Sankalp Kawatra and Mr. Jubin Gada ceased to hold office due to the non-approval of their re-appointment by the members.Mr. Rajesh Ghosh was approved as a Director subsequent to his appointment by the Board. He holds an MBA and brings extensive expertise in business strategy, operations, and organizational management. His profile includes a proven track record of driving operational efficiency, fostering...

NESCO Ltd Surrenders 4 Sites on Raipur-Visakhapatnam Expressway Due to Site Challenges Nesco Limited has initiated a key change regarding its land holdings, informing stakeholders of the surrender of four sites situated on the Raipur-Visakhapatnam Expressway. The company stated that these sites were adversely impacted by various challenges, leading to reduced commercial feasibility and delays in development.On June 5, 2026, NESCO applied to National Highways Logistics Management Limited (NHLML) regarding the surrender of the four expresswaysites. The move follows previous correspondence from the company concerning these assets.The difficulties cited for surrendering the sites include local unrest, infrastructure deficiencies...

Heritage Foods Limited receives 'Best Environmental Award' from Telangana Pollution Control Board Heritage Foods Limited has been conferred with the 'Best Environmental Award' by the Telangana Pollution Control Board, Government of Telangana. The award was presented on World Environment Day, June 5, 2026, in recognition of the continuous efforts towards environmental conservation and sustainability demonstrated by the company's Narketpally Plant.The recognition highlighted the plant’s significant contribution to ecological preservation. Mrs. Konda Surekha, Hon'ble Minister for Forest, Environment and Endowments, Government of Telangana, presented the award to Mr. L. Srinivas, Head -Operations of Heritage Foods Limited.The 'Best...

Park Medi World's Subsidiary Divests Stake in Devina Derma for INR 0.06 Crore Park Medi World Limited has announced a strategic divestment concerning one of its subsidiaries, Aggarwal Hospital and Research Services Private Limited. The company's subsidiary has approved the sale of its entire 55% shareholding in Devina Derma Private Limited, resulting in consideration received amounting to INR 0.06 crore.The transaction involves the transfer of the stake in Devina Derma Private Limited (a subsidiary of Aggarwal Hospital and Research Services Private Limited) to Zen Zone Healthcare Private Limited, which is based in Gurugram, Haryana. The buyer, Zen Zone Healthcare Private Limited, does not belong to the promoter or promoter group of...

RBI Recognizes Sahamati Foundation as Self-Regulatory Body for Account Aggregator Ecosystem The Reserve Bank of India (RBI) has officially recognized the Sahamati Foundation, marking a significant development in the maturation of the digital finance space. This recognition establishes specialized oversight within the Account Aggregator Ecosystem, strengthening regulatory compliance and market trust.RBI Decides to Recognize Sahamati Foundation as SRO-AA The decision follows an invitation issued by the Reserve Bank concerning the application for Self-Regulatory Organisations (SROs) for the Account Aggregator Ecosystem. The RBI examined applications against a defined framework released on March 12, 2025.Based on this comprehensive...

Independent Director Tenure Concludes at Hindustan Organic Chemicals Ltd Hindustan Organic Chemicals Limited announced the conclusion of the tenure for Shri Vinay Kumar Sharma as an Independent Director on its board.The company noted that Shri Vinay Kumar Sharma was appointed by the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, under order No.P-53013/8/2019-CHEM.III-CPC dated June 05, 2025. He held the position as a Non-official Independent Director on the Board of HOCL for a period of one year.The tenure, which began from the date of the appointment order or until further instructions were issued, has now been concluded. Hindustan Organic Chemicals Limited confirmed that it had not received any...

Sri Lotus Developers and Realty Ltd Schedules Analyst and Institutional Investor Meetings Sri Lotus Developers and Realty Ltd, previously known as AKP Holdings Limited, has scheduled a series of meetings for institutional investors and analysts. These interactions are planned with various financial groups and firms.The company stated that discussions during these sessions will be based entirely on publicly available information. Furthermore, it was clarified that no unpublished price sensitive information (UPSI) is intended to be discussed during the meetings.Details regarding the scheduled investor conferences are presented below:Date & TimeNature of MeetingOrganised byPlace11 June 2026 16:00 PM - 17:00 PM ISTGroup...

Garima Bharadwaj Resigns as Non-Executive Independent Director of Diligent Media Corporation Ltd Diligent Media Corporation Limited has announced the resignation of Mrs. Garima Bharadwaj from her position as a Non-Executive Independent (Woman) Director. The resignation, effective from close of business hours on June 5, 2026, was attributed to personal reasons and other professional commitments.Mrs. Bharadwaj tendered her resignation from the board, which also includes ceasing to be a Member or Chairperson of any Board of Directors Committees at Diligent Media Corporation Limited.According to details provided regarding the change, Mrs. Garima Bharadwaj had held the role of Non-Executive Independent (Woman) Director. She confirmed...

AirTrunk Commitment Surges: PM Declares India Set to Lead Global AI and Cloud Computing Race Prime Minister Shri Narendra Modi has highlighted the remarkable momentum gathering in India's digital infrastructure journey. The Prime Minister specifically pointed to AirTrunk’s major investment announcement, underscoring the rapid acceleration of the nation's technology ecosystem. This development significantly reinforces India's ambitious goal to become a preeminent global hub for cloud computing and artificial intelligence (AI).AirTrunk Investment Solidifies Digital Infrastructure Leap The cornerstone of this renewed momentum is AirTrunk’s commitment. The company has announced plans to invest approximately Rs. 3 lakh crore ($30 billion)...

Heritage Foods Marks 35th Foundation Day, Unveils New Products Including Creamy Shakes and Frozen Paneer Hyderabad: Heritage Foods Ltd. celebrated its 35th Foundation Day on June 5, marking a journey defined by a mission to empower dairy farmers and deliver fresh, nutritious products across India. The company utilized the occasion not only to reflect on its growth but also to launch innovative new product lines that reinforce its commitment to quality, freshness, and consumer delight.The brand announced two key launches: Heritage Creamy Shakes in Badam and Mango variants, and Frozen Malai Paneer Cubes.The new Creamy Shake range is specifically designed for digital-savvy Gen Z and young millennials, combining indulgence with...

Pledge Created Over Nexus Select Trust Units for Credit Facility A pledge has been established over units of the listed Real Estate Investment Trust, Nexus Select Trust, following an agreement intended to secure a credit facility availed by NXST ML (NQ) Limited. The pledge was created on June 3, 2026, involving four Sponsor Group entities of the Trust.The Pledgors, which include BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd, pledged their units in favor of Deutsche Bank AG, acting as the Onshore Security Agent on behalf of Lenders. This pledge is set against a credit facility utilized by NXST ML (NQ) Limited from the Lender.The...

Jana Small Finance Bank Modifies EGM Notice Pertaining to Preferential Issue Warrants Jana Small Finance Bank Limited has updated its Extra-Ordinary General Meeting (EGM) notice regarding the proposed preferential issue of warrants. The modifications pertain specifically to investor details and the pre and post-issue equity shareholding pattern, in response to clarifications required during the approval process for the issuance.The bank confirmed that despite these updates, there is no change in the Proposed Issuance itself. This includes the size of the issue, issue price, the number of warrants planned for issuance, the objectives of the issue, or the identity of the proposed allottees. These terms remain consistent with those...

SEBI Issues Massive Demand Notice to Mediaone Global Entertainment as Defaulter in Disgorgement Proceedings The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Mediaone Global Entertainment Ltd., demanding the recovery of a substantial sum. This action pertains to ongoing proceedings related to past financial obligations under securities law. The notice, dated June 05, 2026, specifies detailed dues owed by the company to SEBI.Breakdown of Dues and Recovery Obligation SEBI has certified that Mediaone Global Entertainment Ltd. owes a total of ₹ 6,48,62,826.00. This amount includes disgorgement directed by the WTM (Whistleblower/Warrantholder/etc.) in an earlier order dated February 27, 2026...

S J Logistics Allots 170,000 Equity Shares Following Conversion of Warrants S J Logistics (India) Limited announced the allotment of equity shares following the conversion of warrants into equity shares, approved by its Board of Directors on June 5, 2026. The company allotted 1,70,000 equity shares to a Promoter category individual at a preferential basis.The conversion involved 1,70,000 warrants being converted into an equivalent number of equity shares at an issue price of ₹576/- per share. This amount includes a premium of ₹566/-, resulting in the receipt of ₹7,34,40,000 against this allotment.The allocation was made to Rajen Hasmukhlal Shah from the Promoter category. As a result of this transaction, all warrants previously...

ICICI Prudential Life Insurance Receives Tax Demand Order Related to FY2024 Operations ICICI Prudential Life Insurance Company Limited has received an order regarding a tax demand for Fiscal Year 2024 from the Deputy Commissioner of State Tax, Raipur, Chhattisgarh. The communication was received on June 4, 2026, at 4:13 pm.The order, which upholds a tax demand raised under Form GST DRC 07, relates to issues including mismatches in Input Tax Credit (ITC) claimed in Form 3B versus details in Form 2A, the reversal of Input tax credit as per GST Law, and general mismatch in GST liability.According to the details provided, the financial implications of this demand are substantial. The total amount stands at ₹ 166,560,929/-, comprising...

SEBI Demands ₹13.66 Lakh From Defaulter in Mediaone Global Entertainment Case: Recovery Notice Issued The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Mr. K. Sai Prasad, citing his status as a defaulter in the matter related to Mediaone Global Entertainment Limited. This notice outlines significant financial liabilities under Certificate No. 9139 of 2026, demanding immediate payment of dues totaling ₹13,66,000/- along with subsequent interest and charges.The directive mandates strict adherence to the terms outlined by SEBI, outlining specific penalties and recovery procedures available should the specified amount remain unpaid within a stipulated timeline. The decision falls under Section...

SEBI Seeks Massive Recovery from Amanat Developers over Illiquid Stock Options Misconduct The Securities and Exchange Board of India (SEBI) has issued a critical recovery notice demanding a significant sum from Amanat Developers Private Limited. This action relates to alleged violations concerning illiquid stock options, highlighting SEBI's stringent focus on corporate compliance within the securities market. The formal demand specifies that a total amount of ₹5,31,000/- is due to the Board, including penalties, interest, and recovery costs.Details of the Regulatory Demand and Penalty SEBI’s Eastern Regional Office has issued Recovery Certificate No. 9138 of 2026. The notice certifies that Amanat Developers Private Limited owes the...