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Auditor Resigns from Simbhaoli Power Private Limited Following Engagement Evaluation Simbhaoli Sugars Limited has received notification regarding the resignation of the Statutory Auditor of its subsidiary, Simbhaoli Power Private Limited (SPPL). The firm M S K A & Associates LLP submitted its resignation in relation to the financial year 2026-27.The audit firm had been appointed as the Statutory Auditors for SPPL since December 30, 2022, with a scheduled term extending until the conclusion of the financial year 2026-27. M S K A & Associates LLP communicated its intention to resign on May 11, 2026.The resignation was tendered after the firm evaluated criteria related to client engagement continuance. The auditor stated that following...

India Ratings Affirms Credit Rating of Sunteck Realty Ltd Amid Debenture Status Update Sunteck Realty Ltd has received updated credit ratings from India Ratings and Research regarding its various financial instruments, the agency has confirmed the stability of the company’s issuer rating.India Ratings and Research provided details on the affirmation and assignment of credits for Sunteck Realty Ltd. These updates pertain to the issuer's rating as well as those associated with bank loan facilities.The key ratings assigned or affirmed by India Ratings and Research are presented below:Facilities/ InstrumentsRatingRating ActionIssuer ratingIND AA/StableAffirmedBank loan facilitiesIND AA/Stable/IND A1+AssignedBank loan...

GTN Industries Ltd Board Approves Preferential Allotment of Up to 24 Lakh Shares at Rs 24 GTN Industries Limited announced that its Board of Directors has approved a major capital raising initiative, providing an option to create and offer up to 24,59,622 equity shares on a preferential basis. The allotment is targeted at members of the non-promoter group.The Board meeting, held on June 5, 2026, considered and approved the issuance plan for the equity shares. Each share, which has a face value of Rs 10, will be offered by the company at a price of Rs 24 per share. This issue includes a premium of Rs 14 per share.Following this approval, an Extra Ordinary General Meeting (EGM) of the company members is scheduled to take place on July...

Remi Edelstahl Tubulars Ltd Organizes Plant Visit for Analysts and Investors Remi Edelstahl Tubulars Limited announced plans to host a plant visit for analysts and investors interested in the company's operations. The event, scheduled to take place at the company's manufacturing facility, is intended to provide insights based on publicly available information.The plant visit is set for Wednesday, June 1, 2026. Attendees will be hosted at the company's plant located at Plot No. 211/1, M.I.D.C. Tarapur, Boisar, District Palghar in Maharashtra, India. The scheduled time for the visit is from 11:00 AM to 3:00 PM (IST).The interaction mode for the event has been confirmed as a physical plant visit, providing attendees with a chance to...

RBL Bank Grants Stock Options to Employees as Part of ESOP 2013 and ESOP 2018 RBL Bank Limited has announced the approval of a grant of stock options for its eligible employees under two existing employee share option plans. The decision was made by the Nomination and Remuneration Committee during a meeting held on June 05, 2026.The committee approved the granting of 1,59,000 stock options. These options are convertible into 1,59,000 equity shares of Rs. 10/- each. The grant was made under the Employee Stock Option Plan 2013 (ESOP 2013) and the Employee Stock Option Plan 2018 (ESOP 2018).The Exercise Price for these options is set at Rs. 353.75 per option, which was determined based on the closing price of the bank's shares on June...

Netlink Solutions Restructures, Plans Shift to Gujarat, and Expands Business into Tungsten Derivatives Netlink Solutions (India) Ltd. has approved significant corporate changes, including shifting its registered office from Maharashtra to Gujarat, deciding to sell specific assets, and substantially expanding its business scope to incorporate tungsten-based products. The company also confirmed the appointments of several directors across different categories.The Board of Directors reviewed and sanctioned the proposal to shift the company's registered office from the state of Maharashtra to the state of Gujarat. In tandem with this move, the company approved a resolution for the sale or disposal of certain assets. These assets include...

Axis Mutual Fund Disposes 1.46% Stake in Neogen Chemicals Ltd Axis Asset Management Company Limited, managing the Axis Mutual Fund, has completed the disposal of a portion of its equity shares in Neogen Chemicals Limited. The sale was conducted in the open market on June 02, 2026, reducing the fund's holding in the target company.The schemes of Axis Mutual Fund disposed of 4,00,000 equity shares of Neogen Chemicals Limited, representing 1.46% of its share capital at the time of disposal. This transaction reduced the combined holding of Axis Mutual Fund from 5.50% to 4.04%.The acquisition and subsequent disposal were carried out as part of the portfolio investments by the schemes of Axis Mutual Fund.Holding Details Before and After...

DCB Bank Sets June 12 as Record Date for Recommended Dividend of Rs. 1.45 per Share DCB Bank Ltd has announced the record date for shareholders interested in receiving the dividend recommended for the Financial Year 2025-26. The company's Board of Directors fixed Friday, June 12, 2026, as the official Record Date for ascertaining the entitlement of members for the payment of the dividend.The announcement follows prior information regarding a recommendation by the Bank for a dividend amounting to Rs. 1.45 per equity share. The shares referenced are those with a face value of Rs. 10/- each.This recommended dividend is subject to approval by the shareholders at the upcoming Annual General Meeting (AGM) of the Bank, as well as other...

Ethos Limited's Appeals are Dismissed; Company Fights ₹2.15 Crore GST Penalty Ethos Limited has confirmed that appeals filed by the company regarding a tax proceeding have been dismissed. The order, received via email on June 04, 2026, from the Commissioner (Appeals-III), CGST & Central Excise, Mumbai, upheld penalties amounting to ₹2,15,78,391 under Section 122(1)(ii) of the Central Goods and Services Tax Act, 2017.The Company stated that it is currently evaluating the adverse order and all appropriate legal remedies available to it. Ethos Limited believes it has sufficient grounds to contest the matter through a further appeal before the competent appellate authority. The company also clarified that the current proceedings do not...

TVS HLX Crosses 5 Million Global Sales Milestone, Strengthening Presence in Key Markets Bengaluru: TVS Motor Company Limited, a leader in the two-and three-wheeler segments, has announced that its globally trusted commuter motorcycle brand, the TVS HLX series, has surpassed the significant milestone of five million global sales. The achievement underscores the brand's strong acceptance and market position across Africa, the Middle East, and Latin America.The TVS HLX series was first introduced in 2013 and holds distinction as one of the first Africa-focused products launched from India. This range leader includes models ranging from 100cc to 150cc, playing a vital role in supporting last-mile connectivity across rural and semi-urban...

Promoter Group Increases Stake in Neo Infracon Ltd through Share Acquisition A promoter group member has acquired additional shares in Neo Infracon Limited, slightly enhancing their stake in the company. The transaction details relate to Mr. Bhavik N. Mehta, who holds a significant pre-existing interest in the target company.The acquisition involves Mr. Bhavik N. Mehta, identified as belonging to the Promoter Group of the company. He acquired 117 shares carrying voting rights in Neo Infracon Limited.Before this acquisition, Mr. Mehta’s holding amounted to 3,27,649 shares, which constituted 6.17% of the total diluted share/voting capital. Post-acquisition, his holdings stand at 3,27,766 shares.The transaction details and...

Hindustan Zinc Limited to Hold 60th Annual General Meeting on June 29, 2026 Hindustan Zinc Limited (HZL) has announced that its 60th Annual General Meeting (AGM) is scheduled for Monday, June 29, 2026. The meeting will be conducted via video conference or other audio visual means to transact the business outlined in the AGM Notice dated May 29, 2026.The meeting includes discussions related to the company's operations and presentation of its Integrated Annual Report for the financial year 2025-26. The notice and soft copies of the Integrated Annual Report have been distributed to registered members.For those who are registered with the Company or Depository Participants, the Notice of the AGM and the Integrated Annual Report are...

IndiaGDPJumps: Annual Estimates Surge to ₹323 Lakh Crore, Signaling Robust 7.7% Growth in FY 2025-26 The Ministry of Statistics and Programme Implementation (MoSPI) has released the Provisional Estimates (PE) for Gross Domestic Product (GDP) for the Financial Year (FY) 2025-26. These estimates, which incorporate Quarterly GDP data from Q4 of FY 2025-26, project a strong growth trajectory for the economy.The updated figures indicate that Real GDP is set to reach ₹ 323.12 lakh crore in FY 2025-26. This reflects an estimated Real GDP growth rate of 7.7%, which marks an improvement from the 7.1% recorded in FY 2024-25.Nominal GDP is also showing significant strength, estimated at ₹ 346.36 lakh crore for FY 2025-26. This projection...

Rakesh Tainwala and Associated Entities Report Acquiring Shares in Tainwala Chemicals Rakesh Dungarmal Tainwala, along with several associated parties, has acquired shares of Tainwala Chemicals and Plastics (India) Ltd. The acquisition details pertain to the holding of voting rights and equity shares in the company.The target company is Tainwala Chemicals And Plastics (India) Ltd. The acquirer is Rakesh Dungarmal Tainwala. Associated persons in concert (PACs) include Shobha Tainwala, Rajkumar Tainwala, Ramesh Tainwala, Arushi Rajkumar Tainwala, and Concept Reality and Securities Private Limited PAC.The information regarding the acquisition is presented as follows:Holding CategoryBefore AcquisitionShares carrying voting...

Promoters Increase Stake in Nilachal Refractories Ltd Through Off Market Sales The promoter group of Nilachal Refractories Limited has increased its combined stake following multiple acquisitions by Pankaj Jalan, Bhagwati Prasad Jalan, and Niraj Jalan. The purchases were conducted through off market sales during 2023.The acquisition details for the individuals are as follows:Pankaj Jalan Acquisition Pankaj Jalan acquired shares in Nilachal Refractories Limited. Prior to the transaction, Pankaj Jalan held 3,67,000 shares (1.80% of total diluted share/voting capital). Following the acquisition of 6,65,000 shares, his holding increased to 10,32,000 shares, representing 5.07% of the total diluted share/voting capital. The transaction...

Pudumjee Paper Products Ltd. Ratings Reaffirmed by CRISIL for Bank Facilities and Fixed Deposits Pudumjee Paper Products Ltd. has received ratings from CRISIL Ratings regarding its bank facilities and fixed deposits, with the agency reaffirming key ratings across various debt instruments.The company was rated by CRISIL Ratings concerning a total of Rs. 280 Crore in Bank Loan Facilities and Rs. 50 Crore in Fixed Deposits.The rating outcomes for the company’s financial obligations are detailed below:Debt InstrumentTotal Amount RatedRatingOutlook StatusTotal Bank Loan FacilitiesRs. 280 CroreCRISIL A/StableReaffirmed (Outlook Revised from 'Positive')Short Term Rating (Bank Loans)-CRISIL A1ReaffirmedFixed DepositsRs. 50...

Snehjeev Ventures increases holding in Amerise Biosciences Ltd, surpassing 7% threshold SNEHJEEV VENTURES PVT.LTD., along with associated Persons Acting in Concert (PAC), has increased its stake in Amerise Biosciences Ltd, crossing the seven percent holding mark. The acquisition of equity shares was completed through the open market on June 4, 2026.The acquiring group comprises SNEHJEEV VENTURES PVT.LTD., and the Persons Acting in Concert include RUSHANK SS LUNKAD, SNEHA LUNKAD, and RIDDHI LUNKAD. The acquirer entity is not affiliated with a Promoter or Promoter group of Amerise Biosciences Ltd.The acquisition details show that before the transaction, the combined holding of SNEHJEEV VENTURES PVT.LTD. and its PACs stood at 4,618,896...

Indigenous Biofuel Breakthrough: TDB Backs Greenjoules to Launch Second-Generation Diesel Alternative, Boosting Energy Security Government Support Accelerates Commercialization of Advanced Agricultural Biofuels The Government of India, through the Technology Development Board (TDB) and the Department of Science & Technology (DST), has extended significant support to M/s Greenjoules Private Limited in Pune. This backing is aimed at scaling up a vital project: the "Manufacturing of 2nd Generation Diesel Equivalent Biofuel."This initiative directly addresses India's transition toward cleaner energy sources and the principles of a circular economy-driven industrial structure. The goal is clear: to establish commercial facilities for...

SEBI Fires Warning Shot: Recovery Officer Orders Seizure and Attachment of All Bank Accounts Over Defaulter's Stocks In a strong enforcement action, the Securities and Exchange Board of India (SEBI) has issued a formal order mandating the attachment of all bank accounts belonging to Shanti Bhutra. The notice details the full recovery proceedings related to an illiquid stock options matter, indicating SEBI is actively moving to realize outstanding dues against the defaulter.The order, dated June 5, 2026, targets all financial holdings of Shanti Bhutra (PAN: AHRPB8152A). This move comes as a direct exercise of powers conferred under Section 28A(1) and 11(2)(ia) of the SEBI Act, 1992. The Recovery Officer has issued this Notice of...

Dr Reddys Laboratories Allots 12,100 Shares Following Stock Option Exercise Dr Reddy's Laboratories Ltd has allotted 12,100 equity shares in connection with the exercise of stock options under its Employee Stock Options Scheme (ESOP) and ADR Stock Options Scheme. The allotment was completed on June 5, 2026.The allocation pertains to eligible employees exercising their rights under both Dr. Reddy's Employees Stock Options Scheme, 2002, and Dr. Reddy's Employees ADR Stock Options Scheme, 2007. These shares were issued at a face value of Re. 1/- each and carried no premium.The issuance updates the company’s share capital structure following this transaction. The total number of issued shares after the allotment reached 83,46,70,070...