Markets

Available Finance Limited's Equity Shares Are Withdrawn from NSE Permitted to Trade Category The trading of Equity Shares of Available Finance Limited on the National Stock Exchange of India (NSE) has been withdrawn, effective June 04, 2026.Available Finance Limited, identified by the symbol AVAILFC and ISIN INE325G01010, saw its equity shares removed from dealings in the 'Permitted to Trade' category on the NSE platform. The withdrawal was finalized effective from June 04, 2026, following the close of trading hours on June 03, 2026.The security had previously been admitted and permitted to trade on the NSE. Subsequently, the company requested the NSE to withdraw its Equity Shares from this category, leading to the official...

SEBI Demands ₹5.31 Lakhs as Illiquid Stock Options Trading Triggers Major Penalty Against Investor A significant regulatory move has been made by the Securities and Exchange Board of India (SEBI). A formal Notice of Demand has been issued against Pragnesh Bhupendrabhai Thakkar regarding the trading of illiquid stock options at the BSE. The notice details a demand for ₹5,31,000/-, which includes penalties, interest, and recovery costs.The action stems from proceedings initiated by SEBI related to the individual's participation in the specific market activity. This directive underscores the strict monitoring of derivatives trading, particularly concerning illiquid instruments within the Indian stock markets.Details of the Financial...

SEBI Issues Formal Order Regarding India Agriculture Trust: Stakeholders Must Adhere to New Directives Securities and Exchange Board of India (SEBI) has formally released a significant order concerning the operations and governance of the India Agriculture Trust. This directive brings clarity and formalized scrutiny upon the trust's mandate, setting forth specific compliance requirements for all associated parties. The release is aimed at reinforcing regulatory oversight within critical charitable and agricultural investment structures.The issuance of this detailed order on 04/06/2026 marks a crucial step in the supervisory process involving the India Agriculture Trust. SEBI's intervention underscores its commitment to ensuring...

QMS Medical Allied Services Announces FY Results, Recommends 5% Dividend QMS Medical Allied Services Ltd. announced the approval of its Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026, following a Board meeting held on May 30, 2026. The company also recommended a dividend to its shareholders based on the results.The Board approved the consolidated and standalone audited financial statements for both the half-year period and the full fiscal year ending March 31, 2026. These results were accompanied by an unmodified opinion from the Statutory Auditors of the Company, H.H. Dedhia And Associates, regarding the audited financial statements for the financial year ended March 31, 2026.The...

Ola Electric Mobility Confirms QIB Placement Closure and Equity Share Allocation Ola Electric Mobility Ltd has finalized the placement of equity shares to Qualified Institutional Buyers (QIBs), confirming the allocation details following a meeting of its Fund Raising Committee on June 4, 2026. The company confirmed the closure of the issue after receiving application forms and funds from eligible QIBs.The board approved the allocation of 217,578,428 Equity Shares. The placement was executed at an issue price of ₹35.86 per Equity Share.The pricing structure details indicate that the issued price incorporated a premium of ₹25.86 per Equity Share and reflected a discount of 4.98 percent against the floor price of ₹37.74 per Equity...

Neptune Logitek Faces Appeal Over Service Tax and CENVAT Demand Neptune Logitek Ltd is currently dealing with a tax dispute as an authority has appealed a previous order concerning service tax and CENVAT demands related to the company. The appeal challenges an earlier decision by Commissioner, Central Goods & Service Tax, Kutch, Gandhidham.The disputed amounts include Rs 26,77,31,248 for Service Tax and Rs 11,55,88,870 for CENVAT.A complaint has been filed by the Authority against Neptune Logitek regarding the recovery of these tax amounts through SERVICE TAX/0010443/2026. The company became aware of this appeal as of June 4, 2026.Details concerning the authority and the action taken are provided below:ParticularsDetails...

GB Global Limited Reappoints Paresh Jain as Independent Director for Five Years GB Global Limited has approved the re-appointment of Mr. Paresh Jain as an Independent Director on its Board of Directors. The decision follows a meeting of the Board, held on June 4, 2026, and was based on the recommendation of the company’s Nomination and Remuneration Committee.Mr. Jain has been appointed for a second term spanning five years. His appointment is effective from June 5, 2026, and will run until June 4, 2031. The re-appointment remains subject to approval by the shareholders at the ensuing General Meeting. Furthermore, the company confirmed that Mr. Jain is not debarred from holding the office of a Director by any SEBI order or other...

Sharp Chucks and Machines Limited Withdraws Proposed Preferential Issue Due to Market Volatility Sharp Chucks and Machines Limited has announced that it will not be proceeding with its planned preferential allotment of equity shares and convertible warrants, citing prevailing market conditions. The decision comes after several key approvals were secured for the proposed capital raise, which involved up to 26,37,000 equity shares and 30,63,000 Convertible Warrants.The company confirmed that the preferential issue stands withdrawn in view of market volatility and a change in the market price of its equity shares. The decision was made by the Board of Directors, recognizing the importance of transparency with stakeholders.Sharp Chucks...

Sundaram Finance Executes Stock Options Under ESOP Grant 15 Sundaram Finance Limited has completed the transfer of equity shares resulting from the exercise of stock options granted under the Sundaram Finance Employee Stock Option Scheme 2008 (SFESOS). The company confirmed that suitable steps have been taken for transferring these shares from the Sundaram Finance Employees Welfare Trust to the demat accounts of the respective option holders.The details regarding the exercised stock options are provided below:GrantDate of GrantExercise DateNo. of Option HoldersNo. of Options1526.05.20233rd June 2026 & 4th June 20261 and 715 and 513The exercise involves two separate instances of the stock options, conducted on June 3, 2026...

Somany Ceramics Limited: Shareholders Urged to Claim Unclaimed Dividends Before Share Transfer to IEPF Authority Somany Ceramics Limited has issued a reminder regarding equity shares that have not been claimed by shareholders for seven consecutive years. The company noted that these shares, along with the corresponding dividends, are liable for transfer to the Demat Account of the Investor Education and Protection Fund (IEPF) Authority if action is not taken by a specific deadline.The company pointed out that its records indicate certain equity shares remain unclaimed or unpaid from dividends declared and paid during Financial Year 2018-19 and subsequent financial years.As per established provisions, any money transferred to an...

Independent Director Devendra Pal Bharti Completes Tenure at Indian Railway Catering and Tourism Corporation Limited Indian Railway Catering And Tourism Corporation Limited (IRCTC) has announced the conclusion of the tenure for Shri Devendra Pal Bharti, who served as an Independent Director of the company.The change in the directorate became effective on June 4, 2026, following the completion of his tenure at the organization.Shri Devendra Pal Bharti (DIN: 10198557) is the independent director whose service period concluded with this development, as reported by IRCTC.IRCTC Stock Price Movement Indian Railway Catering And Tourism Corporation Limited (IRCTC) closed today, surging by 3.39% to settle at ₹527.50 on a strong...

AvenuesAI Subsidiary Secures In-Principle Approval for Retail Payment Services License from Central Bank of the UAE AvenuesAI Limited has received In-Principle Approval from the Central Bank of the UAE (CBUAE) for its Step Down Subsidiary Company, Avenues World FZ LLC. The approval grants a Retail Payment Services - Category III License, which is expected to strengthen the company's position within the rapidly growing digital payments ecosystem in the region.The CBUAE granted the In-Principle Approval in accordance with the Retail Payment Services and Card Schemes Regulation. This development underscores Avenues World FZ LLC's strategic importance in facilitating cashless transactions and enhancing the e-commerce ecosystem across the...

AVSL Industries Ltd Appoints Tarun Almal and Sanjay Chaudhary as Independent Directors AVSL Industries Limited, during a board meeting held on June 4, 2026, approved the appointment of two professionals, Mr. Tarun Almal and Mr. Sanjay Chaudhary, to serve as Non-Executive Independent Directors of the company. The appointments were made following comprehensive consideration of their roles in corporate governance.The Board meeting commenced at 6:00 P.M. and concluded at 6:30 P.M. during which the appointment of both individuals was formalized. These directors were appointed as Additional Directors, subject to subsequent approval by shareholders. The term of appointment for both Mr. Almal and Mr. Chaudhary is set for five years.The...

Artemis Medicare Services Board Approves Plans to Raise Up To Rs 700 Crores Through Share Issuance The Board of Directors of Artemis Medicare Services Limited has approved plans to raise funds through the issuance of Equity Shares and other eligible securities, seeking shareholder approval via a postal ballot.At its meeting held on June 4, 2026, the Board considered and approved seeking investor capital for an aggregate amount not exceeding Rs 700 crores (Rupees Seven Hundred Crores Only). The funds will be raised through the issuance of Equity Shares and/or other eligible securities in accordance with applicable laws.The company stated that the plan is subject to receiving necessary regulatory and statutory approvals. Following the...

Borana Weaves Limited Releases Investor Presentation, Highlighting Strong Q4 FY26 Performance and Expansion Plans Borana Weaves Limited has released its Investor Presentation for the quarter and year ended March 31, 2026. The presentation provides insights into the company's operational status, product portfolio, financial performance, and future strategic direction within the textile segment.The company is a leading producer of unbleached synthetic greige fabric, which serves as a key base for dyeing and printing across various fashion, home decor, and technical textiles industries. Established in 2020 and headquartered in Surat, Borana Weaves Limited is positioned to benefit from rising domestic demand driven by affordability and...

Rolex Rings Announces Share Buyback at ₹180 Per Equity Share; Sets Maximum Offer Size of 10 Million Shares Rolex Rings Limited has announced plans for a share buyback initiative, targeting up to 10 million fully paid-up equity shares. The company set the buyback price at ₹180/- per Equity Share and designated an aggregate maximum offer size of up to ₹1,800.00 million (Rupees One Thousand Eight Hundred million only).The proposal for the buyback was approved by the Board of Directors on April 23, 2026. The company subsequently received shareholder approval via a Special Resolution passed through Postal Ballot on June 02, 2026. The buyback will be executed on a proportionate basis using the Tender Offer route through the stock exchange...

Cellecor Completes Preferential Allotment of Warrants to Promoter Ravi Agarwal Cellecor Gadgets Limited has completed the preferential allotment of remaining fully Convertible Warrants (Warrants) to Mr. Ravi Agarwal, Managing Director and Promoter of the company. This transaction signals the completion of the total approved issuance under the recent board meeting.The Board of Directors of Cellecor Gadgets Limited considered and approved the allotment of 92,75,000 fully Convertible Warrants on a preferential basis to Mr. Ravi Agarwal during its meeting held on Thursday, June 04, 2026. The warrants carry the right to subscribe to one Equity Share with a face value of Re.1/- per Warrant, and were allotted at an issue price of Rs. 28/-...

GPT Infraprojects Limited Subsidiary Shifts Registered Office to West Bengal GPT Infraprojects Limited has announced a change in the registered office location for its wholly owned subsidiary, Alcon Builders and Engineers Private Limited. The move signifies a shift in the operational base of the company's entity structure.Alcon Builders and Engineers Private Limited has moved its registered office from the National Capital Territory of Delhi. The company has established the new official address for the subsidiary within the state of West Bengal.The updated registered office for Alcon Builders and Engineers Private Limited is located at GPT Centre, JC-25, Sector III, Salt Lake, Paraganas North, Kolkata, West Bengal, India, 700106...

AU Small Finance Bank Schedules Jefferies India Access Day Meeting in US AU Small Finance Bank Limited has announced participation in a key institutional investor engagement in the United States. The bank is scheduled to hold meetings during the Jefferies India Access Day, focusing on one-to-one discussions with investors and analysts.The event details confirm that AU Small Finance Bank will be participating in the physical meeting set for June 8, 2026, and June 9, 2026. The engagement is specifically designated as a one to one meeting, taking place in the US.The scheduled meet details are provided below:Investor/Analyst MeetDatesModeLocationType of MeetJefferies India Access Day, USMonday, June 8, 2026 and Tuesday, June 9...

Arvind Fashions Urges Shareholders to Update KYC Details for Physical Holdings Arvind Fashions Limited has issued a critical reminder to shareholders who hold their company shares in physical form, urging them to update necessary Know Your Customer (KYC) details immediately. The company emphasized that these updates are essential to ensure the timely credit of dividends and interest related to their securities.The notice addressed all holders of physical security shares, stipulating the need to register personal information such as PAN, address with PIN code, mobile number, bank account details, and a specimen signature.A key mandate issued by the company concerns payment modalities. The organization stated that in cases where the...