Markets

Orient Cement and Ambuja Cements Scheme of Amalgamation Receives 'No Adverse Objection' from BSE and NSE Orient Cement Limited has received observation letters from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) concerning its proposed scheme of amalgamation with Ambuja Cements Limited. The exchanges granted observations on June 4, 2026, stating no adverse objection to the transferor company's proposal.The observation letters confirm that the company has met necessary requirements regarding listing and continuous listing stipulations as per both exchanges. This development comes after Orient Cement’s Board of Directors approved the proposed Scheme of Amalgamation between the two cement companies...

Rbm Infracon Reports Strong FY26 Results: Revenue Jumps 53%, PAT Increases 54% YoY RBM Infracon Limited, a specialist EPC and turnaround services contractor to major industrial sectors, has announced its audited financial results for the year ended March 31, 2026. The company reported a strong performance in FY26, delivering record annual revenue and profitability despite external challenges such as supply chain disruptions.The consolidated results show significant growth across key metrics. Revenue from Operations rose by 53% year-over-year (YoY) to ¥492.22 Crores. Profit After Tax (PAT) increased 54% YoY, reaching ¥45.28 Crores. EBITDA grew by 69% to X74.09 Crores, while the company successfully expanded its EBITDA margin by 146...

AVI Polymers Ltd increases authorized capital and approves share split amid strategic diversification pivot AVI Polymers Ltd has undertaken significant corporate restructuring, approving an increase in its authorized share capital, a bonus issue, and a sub-division of equity shares as part of its strategic move into sustainable industries. The Board meeting on June 4, 2026, finalized these decisions while also greenlighting the company's diversification into high-growth environmental sectors.The company approved altering and increasing its Authorized Share Capital from Rs 1,00,00,00,000 (Rupees Hundred Crore Only), comprising 10,00,00,000 Equity Shares of Rs 10/- each, to Rs 1,05,00,00,000 (Rupees One Hundred and Five Crore Only)...

Confidence Petroleum India Ltd Reconstitutes Key Corporate Committees The Board of Directors of Confidence Petroleum India Ltd approved the reconstitution of several corporate committees during a meeting held on June 4, 2026. These decisions relate to the operational governance structures within the company.The changes span multiple oversight bodies, including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Risk Management Committee, and the Corporate Social Responsibility Committee. The Board meeting commenced at 06:30 PM and concluded at 7:40 PM.###Committee ReconstructionsThe approved composition for each committee is as follows:Audit CommitteeMember NameDirector Category...

Awfis Space Solutions Receives Show Cause Notice Over FY22-23 Return Discrepancies Awfis Space Solutions Ltd has received a Show Cause Notice regarding discrepancies identified in the filed return statement for Financial Year 2022-23. The notice was issued by the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu, dated May 23, 2026.The dispute relates to various discrepancies noted in the company's filing (DRC-01).Financial Implications and Company Response As per the calculations presented in the Show Cause Notice, a demand of approximately INR 7.10 Crores, inclusive of interest and penalty, is being sought from Awfis Space Solutions Ltd.The company confirmed that it is currently conducting a thorough...

Designated Person Acquires 1 Lakh Shares of Annapurna Swadisht Limited Stock on Market A designated person has acquired a significant stake in Annapurna Swadisht Limited, purchasing 1,00,000 equity shares of the company through the open market. The transaction details confirm the acquisition by Rachna Suman Shaw, who is identified as a Designated Person for the company.The purchase was recorded on June 4, 2026. According to the declaration, the shares were acquired on the NSE Emerge platform. The total value of this acquisition stood at 14,69,100.This transaction marks an increase in holding for the designated person. Prior to the purchase, Rachna Suman Shaw held 21,000 equity shares, representing a 0.10% stake in Annapurna Swadisht...

Anya Polytech & Fertilizers Ltd. Announces Audited Financial Results for Half Year and Financial Year Ended March 31, 2026 Anya Polytech & Fertilizers Limited (APFL) has released its Standalone and Consolidated Audited Financial Results for the half year ending September 30, 2025, and for the full financial year ended March 31, 2026. The company also confirmed the appointment of M/s Yash Sardana & Associates as its Cost Auditors for the Financial Year 2026-27.The Board of Directors approved these results, which include both standalone and consolidated statements, along with the Independent Auditor's Report confirming that the Standalone Financial Results offer a true and fair view in conformity with applicable accounting standards...

VIP Clothing Issues Corrigendum Providing Pricing and Undertaking Updates for Extraordinary General Meeting VIP Clothing Limited has issued a Corrigendum to the Notice of its Extraordinary General Meeting (EGM), which is scheduled to be held on Thursday, June 11, 2026. The Corrigendum updates several key points regarding the EGM, addressing matters related to fund utilization, pricing certificates, and contractual undertakings for shareholders.The original notice convening the EGM was circulated on May 20, 2026, relating to the meeting set for June 11, 2026. The Corrigendum provides additional details and clarifications across various items of the meeting agenda.Key Updates to the EGM Notice The updates specified in the Corrigendum...

Sangam India Ltd Fixes Record Date for Dividend Payment on Equity Shares Sangam India Ltd has announced the Record Date for determining entitlement of members to a final dividend on equity shares for the financial year ended March 31, 2026. The Board of Directors had recommended a final dividend of ₹ 2.00 per equity share.The decision regarding the dividend was made by the Board of Directors during a meeting held on Wednesday, April 22, 2026. The company is scheduled to hold its 40th Annual General Meeting (AGM) on Monday, June 29, 2026, where shareholders are expected to approve the recommended final dividend.As announced by the company, the Record Date for determining entitlement to the final dividend was set for Monday, June 22...

Acquirers Announce Mandatory Open Offer for Novartis India Ltd., Seeking 26% of Shares at INR 860.64 per Share The market is focused on the mandatory open offer initiated by a consortium of investors to acquire a significant stake in pharmaceutical giant Novartis India Limited. WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners—collectively referred to as the Acquirers—have launched the open offer to acquire up to 64,19,608 Equity Shares of Novartis India Ltd., representing 26% of the company's Voting Share Capital.The open offer is part of a larger transaction agreed upon under a Share Purchase Agreement (SPA) executed between the Acquirers and Novartis AG, the seller of the acquisition shares in Novartis...

Power Grid Corporation of India Ltd to Hold Board Meeting on June 10 to Discuss Unsecured Term Loan Facility Power Grid Corporation of India Ltd has scheduled a meeting of its Board of Directors to discuss plans for fund raising through an unsecured term loan facility. The board deliberation is set for Wednesday, June 10, 2026.The meeting is intended to consider the proposal related to securing funding via an Unsecured Term Loan Facility, which forms a key part of the corporation's strategic financial planning.In line with the corporate actions surrounding the scheduled event, Power Grid Corporation announced that its trading window will be closed for several days. The company’s stock trading will remain suspended from Friday, June...

Promoter Acquires Shares of Gem Aromatics Limited on Open Market Gem Aromatics Limited, a manufacturer and exporter of essential oils and aromatics chemicals, reported that its designated person acquired equity shares in the company through open market transactions. The acquisition by the promoter category individual was recorded on June 04, 2026.The transaction details indicate that Yash Parekh, identified as a Promoter/Designated Person/KMP of Gem Aromatics Limited, made the purchase. This move saw his holding increase from 9.38% to 9.54%.Equity Acquisition DetailsThe following table outlines the specifics of the equity acquisition by Mr. Yash Parekh:MetricDetailsName of PersonYash ParekhCategoryPromoter/Designated...

Hinduja Global Solutions Board Recommends Final Dividend of Rs. 5 Per Share for FY 2025-26 The Board of Directors of Hinduja Global Solutions Limited announced a recommendation for a final dividend covering financial year 2025-26. The decision was made during the company's meeting held on June 4, 2026.The Board recommended a final dividend amounting to Rs. 5 per equity share. This dividend represents 50 percent of the equity share which has a par value of Rs. 10 each.The recommendation is subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM). If approved by the shareholders, the dividend will be paid within 30 days of the AGM approval, subject to applicable tax deductions at source. The book closure...

Promoter Acquires Shares in Gem Aromatics Limited through Open Market Purchase Gem Aromatics Limited, a manufacturer and exporter of essential oils and aromatics chemicals, has seen its shareholding increase following an acquisition by a promoter.The company confirmed that Mr. Yash Parekh acquired additional shares in the firm via the open market on June 04, 2026. Mr. Parekh, who is part of the promoter group, increased his stake in Gem Aromatics Limited through this transaction.Prior to the acquisition, the combined holding of the acquirer and Persons Acting in Concert (PAC) stood at 49,03,157 shares, representing 9.38% of the total share/voting capital. The acquisition involved purchasing 85,000 shares carrying voting rights...

Triveni Engineering & Industries Appoints Several Directors Following Board Meeting Triveni Engineering & Industries Ltd. has appointed multiple directors following a board meeting held on June 04, 2026. The appointments included both Non-Executive Independent and Non-Executive Non-Independent Directors. Additionally, the company’s board constituted key committees to support its governance framework.The Board of Directors approved the appointment of four new Additional (Non-Executive Independent) Directors and one Additional (Non-Executive Non-Independent) Director, with recommendations for a sixth director position. The appointments are all subject to subsequent shareholder approval at the Annual General Meeting scheduled for June...

Ambuja Cements Receives 'No Adverse Observations' from BSE; NSE Grants 'No Objection' on ACC Amalgamation Scheme Ambuja Cements Limited announced that it has received "no adverse observations" from the Bombay Stock Exchange (BSE) and a "no objection" status from the National Stock Exchange of India Limited (NSE) concerning the proposed scheme of amalgamation involving ACC Limited.The exchanges provided these responses on June 04, 2026. The scheme involves the amalgamation of ACC Limited (the amalgamating company) with Ambuja Cements Limited (the amalgamated company).The receipt of favorable observations from both stock exchanges is a material step in the proposed corporate restructuring process.Regarding the regulatory feedback...

Dhampur Bio Organics Partners with Orgonew Private Limited for Functional Food Venture Dhampur Bio Organics Limited has signed a Joint Venture Agreement with Orgonew Private Limited, marking a new strategic move into the functional food market. The agreement was executed on June 04, 2026, and established the terms for a Joint Venture Company (JVC).The partnership is centered around the development, manufacturing, marketing, distribution, and commercialization of phyto bio-active based functional food products meant for human consumption or usage. These specialized products include items such as curcumin-coated low-GI sugar products. The venture will leverage Orgonew's proprietary nano-curcumin coating platform and allied process...

Bank of Baroda Representatives Participate in Citi India Conference 2026 Bank of Baroda's representatives participated in the Citi India Conference 2026, which was held in Mumbai on June 4, 2026. The event took place starting at 3:00 p.m.During the interaction at the conference, Bank of Baroda confirmed that no Unpublished Price Sensitive Information was shared by the institution.BANKBARODA Stock Price Movement Today, shares of Bank of Baroda gained 1.04% on a positive day, settling at ₹271.30 in the closed market. The equity traded within a narrow range, testing lows near ₹266.35 and highs up to ₹272.20 amid 16.14 million shares traded during the session.

Master Components Limited enters Joint Venture to manufacture Moulding Compounds with Prathamesh Industries (India) Master Components Limited has entered into a strategic joint venture agreement with Prathamesh Industries (India) Limited aimed at establishing a new company dedicated to the manufacturing and trading of advanced materials. This partnership is part of Master Components' growth strategy, focusing on expanding its business reach in both domestic and international markets.The Joint Venture Agreement was executed by Master Components Limited and Prathamesh Industries (India) Limited on June 4, 2026. The establishment of the proposed Joint Venture Company (JV Company) is set to be completed by September 30, 2026.The JV...

Exchanges grant 'No Objection' for Amalgamation Scheme of Orient Cement with Ambuja Cements Ambuja Cements Limited announced that it has received observation letters from both the BSE and the National Stock Exchange of India Limited (NSE) regarding its proposed Scheme of Amalgamation involving Orient Cement Limited. The observations, received on June 04, 2026, grant a status of 'no adverse objection' from BSE and 'no objection' from NSE concerning the amalgamation of Orient Cement Limited with Ambuja Cements Limited.The scheme involves the merger of Orient Cement Limited (the Transferor Company) into Ambuja Cements Limited (the Transferee Company), executed under Sections 230 to 232 of the Companies Act, 2013.In light of these...