Markets

Sanmit Infra Ltd Secures Rs 2 Crore Working Capital Facility from ICICI Bank Sanmit Infra Limited has successfully secured a Guaranteed Emergency Credit Line (GECL) facility worth Rs 2,00,00,000 from ICICI Bank Limited. The credit line is part of the Emergency Credit Line Guaranteed Scheme 5.0 (ECLGS) and is intended to meet the working capital requirements of Sanmit Infra Ltd and facilitate the creation of current assets.The agreement, which was finalized after the Board meeting held on June 4, 2026, establishes specific terms regarding tenure, interest rates, and security for the facility granted by ICICI Bank Limited. No conflict of interest was noted in relation to this transaction.Key details of the agreement between Sanmit...

One 97 Communications Approves Default Loss Guarantees; Independent Director Ceases Tenure One 97 Communications Ltd. has approved new default loss guarantee arrangements related to its loan distribution business, while one of its Non-Executive Independent Directors will cease his tenure following subsequent professional commitments.The company sanctioned the provision of a Default Loss Guarantee (DLG) up to ₹90 crore with each specified lending partner. This arrangement is set for loans disbursed by these partners through the existing loan distribution model. The guarantee may be provided in the form of Bank Guarantees or Fixed Deposits.Financial details concerning this commitment, which is aligned with the company's current...

RBL Bank Open Offer: Zero Shares Tendered by Public Shareholders in Acquisition Drive In connection with the ongoing open offer for the acquisition of equity shares in RBL Bank Limited, it has been reported that no public shareholders have tendered any shares so far.The open offer involves Emirates NBD Bank (PJS.C.) as the Acquirer and targets a stake in RBL Bank Ltd. The total open offer size encompasses up to 415,586,443 equity shares of Rs. 10 each, representing 26.00% of the Expanded Voting Share Capital of the bank.A statement detailing the tendering status was received on June 4, 2026, reflecting the activity in the Open Offer Escrow Demat Account maintained with Ventura Securities Limited. The disclosure confirmed that 0...

Glance Finance Ltd Commits Up To Rs 5 Crore as Sponsor of Artha Fund VI AIF Glance Finance Ltd has committed a contribution of up to Rs 5 crore in one or more tranches, serving as the Sponsor for Artha Fund VI AQF I. This scheme is managed by Artha Trust II and falls under the category of a Category II Alternative Investment Fund (AIF).The investment involves Glance Finance Limited acting as the Sponsor for the AIF. Artha India Holdings Private Limited, formerly known as Artha Energy Projects Private Limited, will serve as the Investment Manager for the fund. The transaction has been structured on an arm's length basis, and promoters of Glance Finance have no financial interest in the investment.The total obligation commitment from...

Minal Industries Ltd Announces Financial Results for FY2026; Reports on Accumulated Losses and Key Appointments Minal Industries Limited has announced its Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026. The company's Board of Directors reviewed and approved the results, alongside key updates regarding internal auditing appointments and management changes.The financial outcomes show a significant net accumulated loss for the Group while highlighting efforts to stabilize operations amid market challenges.Key Financial Results for FY2026 Minal Industries Limited reported various financial metrics across its standalone and consolidated entities for the year ended March 31...

United Spirits Ltd plans closure of Hyderabad manufacturing unit United Spirits Ltd has announced the planned cessation of operations at its manufacturing facility located in Hyderabad, stating that the move is part of a broader corporate agility initiative.The company confirmed the proposed closure of the Unit, which is situated at 9-61, Venkateshwara Nagara, Malkajgiri, Hyderabad -560 047, India. The estimated date for the closure of the factory operations is August 31, 2026.The manufacturing unit's financial contribution to the company was reported as follows:MetricDetails (FY 2025-26)Revenue Contribution2% of total revenue from operationsRevenue ValueApproximately INR 599 croreThe decision regarding the Unit is...

Novelix Pharmaceuticals Announces Plan for Preferential Issue of 12 Lakh Equity Shares to Raise Capital Novelix Pharmaceuticals Ltd., formerly known as TRIITURTHI LIMITED, has announced a plan approved by its Board of Directors to issue and allot equity shares on a preferential basis. The issuance is aimed at raising additional capital through the sale of 12,00,000 equity shares to non-promoters.The Board meeting, held on June 4, 2026, approved the decision, which remains subject to the approval of members during an Extraordinary General Meeting (EGM) and other appropriate authorities. The company intends to issue these shares at a price of Rs. 571 each. These shares carry a face value of Rs. 10/- per share and are issued at a premium...

Bilcare Board Decides Not To Exercise Warrants In Caprihans, Amount Stands Forfeited Bilcare Limited has announced that its Board of Directors will not exercise the option for conversion regarding a block of warrants held in Caprihans India Limited. The decision was made following consideration of the Company's liquidity position, capital allocation priorities, and overall business requirements.As per the terms governing the warrant issue, the decision to allow these warrants to lapse upon expiry means that the upfront subscription amount paid by Bilcare for those specific warrants will be forfeited.The Board’s resolution, passed on June 4, 2026, concerned 3,15,000 warrants relating to Caprihans India Limited. The decision involves...

Vaswani Industries Approves Postal Ballot for Preferential Issue; Re-appoints Cost Auditors Vaswani Industries Limited confirmed several key decisions following its Board meeting held on June 4, 2026. The board approved the procedures necessary to seek shareholder approval via a special resolution related to a proposed preferential issue of equity shares.The company's directors decided to initiate a Postal Ballot process through remote e-voting to obtain member approval for the preferential issue, which had been previously approved by the Board during its meeting on May 30, 2026. Concurrently, the board appointed M/s Kanungo Agrawal & Co., Company Secretaries, as the Scrutinizer responsible for conducting the Postal Ballot process in...

Jay Ambe Supermarkets Lands Lease Agreement for Major Expansion Under 'City Square Mart' Brand Jay Ambe Supermarkets Ltd has secured a registered lease arrangement aimed at bolstering its retail expansion strategy. The company entered into the agreement on June 3, 2026, to establish and operate a new supermarket under the brand name "City Square Mart."The commercial property is located at Shreeji Madhuram Complex in Bayad, District Arvalli, Gujarat. This facility will serve as a key addition to the company's geographical growth plan within the region.The lease covers Unit Nos. 1 through 8 and 51 through 58 on the Ground Floor of Block "A" at the complex, with the leased area amounting to approximately 4,000 Sq. Ft.Deal Structure...

Promoter Sunil Suresh Acquires Shares of Stanley Lifestyles Limited in Open Market Purchase Stanley Lifestyles Limited has seen a promoter share acquisition as Mr. Sunil Suresh purchased equity shares of the company on June 3, 2026. The open market purchase increased his stake, bringing his total holding to 28.47% of the paid-up share capital of the company.The transaction involved Mr. Sunil Suresh acquiring 1,01,000 equity shares of Stanley Lifestyles Limited through an open market purchase executed on the NSE Cash Segment. This acquisition contributed to the increase in his stake following the purchase.Prior to this transaction, Mr. Sunil Suresh held 16,193,547 equity shares, representing 28.35% of the paid-up share capital of...

IL&FS Engineering and Construction Secures Subcontract for Jaipur Metro Phase-II MRTS Viaduct Design and Construction IL&FS Engineering and Construction Company Limited has been retained through a subcontract arrangement by Jaipur Metro Rail Corporation Limited for the design and construction of Elevated Viaduct and Ten Elevated Stations for Jaipur Metro Phase-II MRTS.The contract encompasses work spanning Chainage 600 m to 11400 m, which includes the Elevated Viaduct and ten stations: Prahladpura, Manpura, Bilwa Kalan, Goner Mod, Sitapura, JECC, Kumbha Marg, Haldighati Gate, and Pinjrapole Gaushala. The scope of work also includes a spur line leading towards the Depot of Jaipur Metro Phase-II MRTS (excluding Architectural finishing)...

Avenue Supermarts Allots 66,365 Equity Shares Under Employee Stock Option Scheme Avenue Supermarts Limited has completed the allotment of equity shares under its Employee Stock Option (ESOP) Scheme, 2016. The allocation was made to eligible employees as part of the company's ESOP Committee decision on June 4, 2026.The allotment involved 66,365 Equity Shares, each having a face value of Rs. 10/-. These shares were issued at an exercise price of Rs. 299/- per equity share to the eligible employees.Following this transaction, the paid up share capital of Avenue Supermarts Limited has been increased to Rs. 6,522,301,570. This increase results in a total of 652,230,157 equity shares of Rs. 10/- each standing under the company.DMART...

Valencia Nutrition’s Stake Dilutes as Subsidiary Completes Preferential Allotment Valencia Nutrition Ltd has seen a change in the ownership structure of its subsidiary, Valencia Beverages & Superwater Private Limited (VBSWPL), following a fresh preferential allotment of equity shares by VBSWPL. The transaction resulted in the company's stake in the entity diluting from 100% to approximately 75%. As a result of this shareholding change, VNL no longer holds VBSWPL as a Wholly-Owned Subsidiary but it continues to be a Subsidiary of Valencia Nutrition Ltd.The preferential allotment was conducted by VBSWPL and was intended to raise growth capital for the subsidiary's business expansion and operations. The shares were allotted through cash...

Novartis India’s IDC Recommends Open Offer for Acquisition of 26% Stake; Cites Fair and Reasonable Price Novartis India Ltd's Committee of Independent Directors (IDC) has recommended the Open Offer put forward by a consortium of investors for the acquisition of a substantial stake in the company. The recommendation was issued following a meeting held on June 04, 2026.The IDC reviewed the Detailed Public Statement, the Letter of Offer, and a Valuation Report to issue its opinion regarding the open offer. The committee stated that the Offer Price is fair and reasonable from the perspective of the regulatory pricing framework applicable to the transaction.Offer Details and AcquirersThe Open Offer targets public shareholders with the...

Acme Solar Completes Qualified Institutions Placement of Equity Shares, Boosts Paid-up Capital Acme Solar Holdings Limited has successfully completed the qualified institutions placement (QIP) of equity shares, significantly increasing its paid-up capital. The issuance aimed at institutional buyers concluded on June 04, 2026.The Company's Fund Raising Committee approved the allotment of 10,01,78,890 Equity Shares to eligible qualified institutional buyers. These shares were allotted at an issue price of ₹ 279.50 per Equity Share. The placement aggregated approximately ₹ 28,000.00 million.The QIP opened on June 01, 2026, and closed on June 04, 2026. The trading window for the shares will open starting June 08, 2026.Financial Impact...

Ola Electric Mobility Completes Qualified Institutions Placement Raising Approximately ₹78 Crore Ola Electric Mobility Ltd has announced the successful outcome of its Fund Raising Committee regarding a Qualified Institutions Placement (QIP). The company approved the allotment of 217,578,428 Equity Shares to eligible qualified institutional buyers. This transaction significantly augmented the company's capital base and was completed at an issue price of ₹35.86 per Equity Share.The QIP involved the issuance of 217,578,428 Equity Shares, each with a face value of ₹10. The total amount raised from this placement amounts to ₹780,23,62,428.08. This issue price included a premium of ₹25.86 per Equity Share and accounted for a 4.98% discount...

Hindware Home Innovation Boosts Stake to 96.6% in Hintastica Private Limited Hindware Home Innovation Limited has increased its shareholding in Hintastica Private Limited (HPL) following the subscription of HPL's Rights Issue. The investment solidifies Hindware’s position in the company.The update was made subsequent to a meeting of HPL's board of directors, which took place on June 4, 2026. During this meeting, HPL allotted 15,000,000 equity shares to Hindware Home Innovation Limited under the Rights Issue.Following this allotment, Hindware’s shareholding in Hintastica Private Limited rose to 96.6% of the paid-up share capital of HPL.HINDWAREAP Stock Price Movement Shares of Hindware Home Innovation Limited on Thursday slipped by...

DMR Engineering Ltd Secures Contract for Owner's Engineer Services at Bhutan Hydropower Project DMR Engineering Ltd has received a work order for providing Owner's Engineer Services for the 1125MW Dorjilung Hydropower Project located in Bhutan. The contract, valued at Rs. 2,58,91,500/- exclusive of taxes, spans a period of nine months.The project is being undertaken by Dorjilung Hydro Power Limited, making it an international client engagement for the company.According to the details provided, DMR Engineering Ltd will be providing engineering consultancy services for the short-term Owner's Engineer Services at the site.Project and Contract DetailsThe contract specifics are as follows:ParticularDetailsAwarding Entity...

Kshitij Polyline Reports Strong Turnaround in FY2026; Revenue Up 46%, Completes Omkar Acquisition Payment Kshitij Polyline Limited, a manufacturer of plastic sheets, films, and allied polymer products, reported a transformative financial performance in Fiscal Year 2026. The company achieved a significant operational turnaround, evidenced by robust revenue growth and substantial improvements across its key financial parameters, amidst strategic acquisitions and infrastructure expansion.The results highlight Kshitij Polyline's improved operational efficiencies and strengthened market presence.Financial Highlights for FY2026 Kshitij Polyline reported strong year-end performance in FY2026 compared to the previous fiscal year. The...