Markets

Jagsonpal Pharmaceuticals Allots 296,320 Equity Shares Under ESOP Plan; Paid-up Capital Increases Jagsonpal Pharmaceuticals Limited announced the allotment of equity shares under its Employee Stock Option Plan (ESOP). The move increased the company's paid-up share capital following the exercise of vested options by eligible employees.The Nomination and Remuneration Committee issued and allotted 296,320 Equity Shares to the Company's eligible employees under the Jagsonpal Pharmaceuticals Limited Employee Stock Option Plan, 2022 (JPL ESOP 2022). These new shares carry a par value of Rs. 2/- each and shall rank pari-passu with all existing equity shares of the company.The allotment resulted in an increase in the paid-up share capital...

Kolte-Patil Developers Receives GST Intimations Re: Redevelopment Projects and TDR Purchase Kolte-Patil Developers Limited has received intimations from the Assistant Commissioner of State Tax, Mumbai, concerning a significant tax liability related to the purchase of Tender Documents Rights (TDR) and construction services provided under their redevelopment projects.The company confirmed receipt of these communications on June 3, 2026. The demand pertains to the financial years spanning April 1, 2020, to March 31, 2026.The intimations relate to three specific areas: the purchase of TDR; construction services provided to society members during redevelopment projects; and procurement of development rights from society members in...

Aban Offshore Appeal Deferred by NCLAT; Hearing Scheduled for July 13, 2026 The National Company Law Appellate Tribunal (NCLAT) in Chennai has deferred a hearing regarding a key appeal involving Aban Offshore Ltd., with the matter scheduled for re-adjudication in mid-July.The Appeal, identified as Company Appeal (AT) (CH) (Ins) No.477/2025 (IA Nos. 1357, 1358 & 1359/2025), pits Reji Abraham, the Suspended Managing Director of Aban Offshore Ltd., against Punjab National Bank and another party.The order was issued by the NCLAT on June 02, 2026. During the hearing, the counsel for the Appellant presented several subsequent developments that were deemed relevant to the proper adjudication of the appeal's merits. Following review...

Bharat Gears Invests Rs 1.27 Crore in Hexa Energy for Captive Solar Power Procurement Bharat Gears Limited has acquired a significant stake in Hexa Energy HR5 Private Limited, committing an investment of Rs 1,27,39,980/- to secure specialized solar power capabilities for its operational units.The acquisition saw Bharat Gears invest in 13,134 Equity Shares of Hexa Energy HR5 Private Limited. The purchase was made at an issue price of Rs 970/- per share, and the total investment amounted to Rs 1,27,39,980/- (Rupees One Crore Twenty Seven Lakhs Thirty Nine Thousand Nine Hundred Eighty only). This transaction grants Bharat Gears a 29.55% stake in the paid-up share capital of Hexa Energy HR5 Private Limited.The investment is aligned with...

SEBI Dismisses RTI Appeal: Appellant Seeks Internal SEBI Records Regarding Complaint Disposal Process The Appellate Authority under the Right to Information (RTI) Act released a decision today in the case of Sarju Devi versus CPIO, SEBI, Mumbai. The appeal, related to internal processes concerning a specific complaint lodged against regulatory matters, was dismissed by the authority on June 4, 2026.The matter originated from an application filed by Sarju Devi on April 12, 2026, seeking detailed information regarding the handling of her complaint under complaint number SEBIE/UP26/JHAN/007121/1.Complex Queries Focus On Internal File Notings and Verification The appellant's application sought comprehensive internal documentation...

CG Power commissions new Extra High-Voltage Switchgear facility in Nashik, boosting manufacturing capacity by 80% CG Power and Industrial Solutions Limited has commissioned its new Extra High-Voltage (EHV) switchgear manufacturing facility, S3 Unit-II, located in Pimpalgaon Garudeshwar, Nashik, Maharashtra. This expansion follows the company's existing operations at S3 Unit-I, solidifying CG's position within the electrical engineering industry and expanding its reach across domestic and international markets.The newly commissioned S3 Unit-II is dedicated to manufacturing EHV Circuit Breakers in the 33 kV to 245 kV range. The facility is equipped with advanced infrastructure, including state-of-the-art 500 kV and 350 kV high-voltage...

RBI Imposes ₹14.25 Lakh Fine on Bank over Massive NPAs and Credit Information Noncompliance The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Nagar Sahkari Bank Ltd., Maharajganj (U.P.). The bank was fined ₹14.25 lakh for failing to comply with multiple crucial regulatory directions issued by the RBI regarding asset classification, exposure norms, and credit information management.The penalty order, dated May 26, 2026, was issued following a statutory inspection of the bank conducted by RBI, referencing its financial position as of March 31, 2025. The action is taken in exercise of powers conferred under the Banking Regulation Act, 1949.Scope of Regulatory Noncompliance The noncompliance charges relate to...

Bharat Gears Invests in Hexa Energy HR5 to Secure Solar Power for Units Bharat Gears Limited has made a strategic investment in the equity shares of Hexa Energy HR5 Private Limited. The transaction positions the company to utilize renewable energy sources for its operations, specifically aimed at curtailing power costs at its Faridabad and Mumbra units.The company invested Rs. 1,27,39,980/- (Rupees One Crore Twenty Seven Lakhs Thirty Nine Thousand Nine Hundred Eighty Only) in Hexa Energy HR5 Private Limited. This investment secured 13,134 Equity Shares of the target entity. The acquisition translates to a 29.55% stake in the paid up share capital of Hexa Energy HR5 Private Limited.The strategic move is directly related to the...

Suraj Industries Strengthens Manufacturing Base with New Partnerships and Greenfield Distillery Project Suraj Industries Ltd., through its subsidiary Carya Chemicals & Fertilizers Private Limited (CARYA), is actively expanding its manufacturing footprint in the alcohol-bev industry. CARYA specializes in the production and bottling of Indian Made Foreign Liquor (IMFL), Country Liquor (CL), and Rajasthan made Liquor (RML).The company achieved a significant milestone by commissioning its dedicated bottling facility, which has an installed capacity of approximately 48 lakh cases per annum. This facility is used to manufacture and bottle CARYA’s own range of RML and CL brands. The RML portfolio includes products such as Carya Black Leo XXX...

Dynacons Secured Rank 63 in TIME's India's Fastest-Growing Companies of 2026 Dynacons Systems & Solutions Limited has been recognized in the prestigious TIME's India's Fastest-Growing Companies of 2026 ranking, securing Rank 63. This achievement reinforces the company's strong growth trajectory and its position within India's rapidly evolving technology landscape.TIME Magazine, an established American news organization founded in 1923 that provides global coverage across business and culture, conducts this annual ranking. The designation is given to highlight organizations that have demonstrated exceptional scalability, resilience, and innovation based on revenue growth, business expansion, and consistent financial performance over...

Central Bank of India Announces Senior Management Changes Following Promotions Central Bank of India has announced key changes in its senior management following a series of internal promotions, effective from June 1, 2026. These appointments span specialized roles across corporate credit, agriculture and social banking, and zonal head positions within the bank.The updates reflect the progression of talent within the institution, with staff receiving new titles and responsibilities in various departments.The details of the newly promoted executives are presented below:Executive NameNew Role/DepartmentEffective DateYears of ExperienceKey Profile HighlightsShri Ajay KhannaChief General Manager - Corporate Credit DepartmentJune...

Aarti Industries Achieves EcoVadis Platinum Rating 2026, Ranks Among Top 1% Globally Mumbai, India – Aarti Industries Limited (AIL), a leading global specialty chemicals company, has secured the prestigious EcoVadis Platinum Rating 2026, achieving an outstanding score of 87/100. This recognition places AIL among the Top 1% of companies assessed globally by EcoVadis, marking a significant milestone in the company's sustainability journey.The award validates the maturity of Aarti Industries’ sustainability management systems and reinforces its commitment to integrating sustainable practices into its business strategy and operations. The rating is based on evaluations across four key pillars: Environment, Labour & Human Rights, Ethics...

Nephrocare Subsidiary Completes Asset Acquisition of Dialysis Center in Philippines Nephrocare Health Care Services, Philippines Inc., an overseas step-down wholly-owned subsidiary of Nephrocare Health Services Limited, has executed an Asset Transfer Agreement regarding the acquisition of a dialysis center. The transaction involves purchasing identified assets from Inocentes Dialysis Clinic.The agreement, dated June 04, 2026, covers the acquisition of assets related to a dialysis facility located in Duyan-Duyan, Project 3, Quezon City, Philippines. The total consideration for these identified assets amounts to PHP 30,000,000 (Thirty Million Pesos only).The purchase was conducted by Nephrocare Health Care Services, Philippines Inc...

Eicher Motors Receives Customs Demand Order Over Preferential Tariff Claim Eicher Motors Limited has received a demand order from the Principal Commissioner of Customs, Kolkata, regarding a claim for preferential tariff exemption on imported goods. The company stated that it is evaluating all available options, including filing an appeal against the decision.The demand was communicated via email to the company on June 3, 2026, concerning a shipment made during the year 2020.The order requires the payment of a total aggregate amount of Rs. 1.64 Crore. This sum comprises duty amounting to Rs. 0.82 Crore under Section 28(4) of the Customs Act, 1962, and a penalty of Rs. 0.82 Crore under Section 114A of the Customs Act, 1962.The...

Syschem India Ltd Resolves NCLT Dispute with Lotus Builders; Enters Settlement Agreement Syschem India Limited has reached an amicable resolution in the matter pertaining to legal proceedings before the National Company Law Tribunal (NCLT) involving M/S Lotus Builders. The company and Lotus Builders have entered into a comprehensive Settlement Agreement dated June 4, 2026.The dispute centered on issues related to the dishonour of certain cheques issued by Syschem India Limited towards payment obligations to Lotus Builders. As part of the agreement, the parties committed to achieving a full and final settlement of all disputes, claims, and counterclaims arising from this matter pending before the NCLT, Chandigarh.Under the terms of...

Rajesh Exports Limited Clarifies Findings Following SEBI Interim Order Rajesh Exports Limited, a manufacturer and exporter of gold and diamond jewellery, has issued a clarification regarding an interim order passed by the Securities and Exchange Board of India (SEBI) on June 3, 2026. The company addressed several speculative reports concerning this matter that have appeared in the media.The limited company stated that the Order issued by SEBI is an Interim Order and does not contain any conclusive adverse findings. Rajesh Exports Limited affirmed that there has been no fine, penalty, or other coercive action taken by SEBI against the company to establish any adverse conclusive findings.In its clarification, the company emphatically...

Mahindra & Mahindra Financial Services Recommends Final Dividend of Rs. 7.50 Per Equity Share for FY2026 Mahindra & Mahindra Financial Services Limited announced a significant dividend recommendation for its shareholders following a meeting of its Board of Directors. The Board recommended a final dividend of Rs. 7.50 per equity share, which represents 375% of the face value of the stock.The dividend was proposed for the financial year ended March 31, 2026. While recommended by the Board at a meeting held on April 24, 2026, the distribution is subject to the subsequent approval of shareholders at the company's 36th Annual General Meeting (AGM).The AGM is scheduled to be held on Tuesday, July 21, 2026. The designated record date for...

Rox Hi-Tech Reports FY26 and H2 FY26 Results, Highlights Steady Profitability and Strategic Expansions Rox Hi-Tech Limited, a leading provider of end-to-end IT solutions and digital transformation services (NSE: ROXHITECH), has announced its Audited Financial Results for the full fiscal year 2026 (FY26) and the second half of FY26. The results reflect the company's continued focus on disciplined execution, operational resilience, and expanding global technological capabilities.The financial performance across both periods showcased strong revenue generation and margin maintenance. Total Income stood at ₹9,967.01 Lakhs for H2FY26 and reached ₹21,063.29 Lakhs in FY26. Net Profit figures were ₹715.86 Lakhs in the second half and...

Afcons Infrastructure Issues Commercial Papers worth Rs 25 Crores on Private Placement Basis Afcons Infrastructure Ltd has announced the issuance of Commercial Papers (CPs) totaling Rs 25 Crores. The CPs were issued on June 04, 2026, through a private placement mechanism.The financial instrument was issued to The Maharashtra State Co-Operative Bank Ltd. and carries an interest rate of 8.05% per annum. Afcons Infrastructure Ltd has established the security over the assets as unsecured for this issue.The terms and details pertaining to the Commercial Papers issuance are summarized below:FeatureDetailsIssue SizeRs 25 CroresDate of AllotmentThursday, June 04, 2026Tenure182 daysDate of MaturityThursday, December 03, 2026...

Meesho's AI System PRISM Drives Intent-Driven Discovery for Millions of Indian Shoppers Bengaluru: Meesho, a leading e-commerce platform in India by Annual Transacting Users and Placed Orders, has highlighted the significant role of its proprietary artificial intelligence system, PRISM (Personalised Ranking & Intent Signal Module). This technology is designed to fundamentally change how millions of Indians discover products and shop online on the platform.PRISM addresses the reality that for large segments of the Indian consumer base, shopping resembles browsing a local bazaar rather than executing a fixed keyword search. For Meesho, which serves 264 million annual transacting users and recorded 717 million placed orders in Q4 FY26...