Markets

Income Tax Appeal against GeeCee Ventures Settled in First Instance; Company Plans Further Challenge GeeCee Ventures Limited has received the decision regarding its appeal against an earlier tax assessment, with the Commissioner of Income Tax (Appeals) dismissing the case. The company confirmed it intends to pursue a further appeal before the Income Tax Appellate Tribunal (ITAT).The matter concerns an order dated 11.05.2023 passed by the Assessing Officer (AO), which had resulted in an addition of Rs. 19.22 crores to the income return of GeeCee Ventures for Assessment Year 2016-17 (Financial Year 2015-16). This addition related to the disallowing and adding back of dividend received, which the company claimed as exempt income.The...

IFSC Authority Fines Abans Financial Services Ltd Over Operational Compliance Issues The International Financial Services Centres Authority (IFSCA) has imposed a monetary penalty on the IFSC Branch of Abans Financial Services Ltd following an inspection, citing observations related to various operational and reporting aspects.According to the order issued by the Quasi-Judicial Authority for Enforcement (QJAE) of IFSCA on June 03, 2026, the company was penalized Rs. 8,00,000/- under Section 15EA of the SEBI Act, 1992.The penalty was levied due to observations concerning several areas, including delay in appointing a compliance officer and sponsor contribution, issues related to internal controls, investor disclosures, asset...

Gland Pharma Announces Schedule of Analyst and Institutional Investor Meetings Gland Pharma Ltd has disclosed the schedule for upcoming meetings with various analysts and institutional investors. The company confirmed these events, which are scheduled to take place across June 2026, involving key financial research firms and investment groups.The detailed itinerary outlining the date, the associated investor or analyst firm, and the type of meeting is as follows:DateInvestor/Analyst/Fund NameType of MeetingJune 09, 2026Haitong SecuritiesOne-on-One MeetingJune 09, 2026NDR arranged by ICICI SecuritiesOne-on-One MeetingJune 10, 2026Midas ResearchOne-on-One MeetingJune 11, 2026Sohum AssetOne-on-One MeetingThe company...

Srigee Dlm Ltd Reschedules Earnings Call After Financial Results Announcement Srigee Dlm Ltd has rescheduled the earnings call pertaining to its financial results for the half-year and year ended March 31, 2026. The post-announcement call was postponed following a change in availability of key management personnel.The company informed stakeholders that the Earnings Call has been rescheduled to Thursday, June 11, 2026, at 12:00 PM.The decision for postponement followed the inability of the Managing Director to attend the previously scheduled event. The call will provide updates related to the company's performance for the financial periods ending March 31, 2026.The participants slated to speak during the rescheduled session include...

Group Mangalam Launches 'NEAT Everyday,' Entering Nutraceuticals Market with Five Stores in Ahmedabad Mangalam Global Enterprise Ltd has launched 'NEAT Everyday,' a new personal care venture dedicated to bringing ancient wellness into the modern consumer routine. The brand debut is marked by the simultaneous opening of five retail outlets across Ahmedabad, Gujarat, as Group Mangalam enters India's fast-growing nutraceuticals and wellness sector.Drawing on more than eight decades of expertise across agriculture, edible oils, manufacturing, and global trade, the launch aims to integrate traditional wellness wisdom with contemporary lifestyles. NEAT Everyday is positioned to serve consumers who seek natural, transparent products backed...

Baazar Style Retail Ltd Schedules One-to-One Investor Meeting with Haitong Securities Baazar Style Retail Ltd has scheduled a focused meeting with investors and analysts regarding its financial standing and operations. The company announced the details of the session, which is designed for discussions based on publicly available information.The specific investor engagement involves a virtual one-to-one meeting with Haitong Securities. This session is set to take place on June 10, 2026.Key details regarding the scheduled Investor/Analyst meeting are presented below:ParticularsDetailDateJune 10, 2026Investor/Analyst FirmHaitong SecuritiesMode of MeetingVirtualNature of SessionOne-to-OneTime4:00 PM - 5:00 PMThe...

Astra Microwave Products Ltd. Schedules Group Meeting with Analysts in Hyderabad Astra Microwave Products Ltd. has scheduled a Group Meeting for analysts and institutional investors at its Hyderabad facility. The meeting is set to take place on June 11, 2026, and will be organized by Citi India.The engagement provides an opportunity for the company's officials to meet with participants. Discussions will be centered exclusively around publicly available information pertaining to Astra Microwave Products Ltd.Key details regarding the scheduled investor interaction are presented below:Date & TimeNature of MeetingOrganised byPlace11th June 2026, 9:30 AM onwardsGroup MeetingCiti IndiaHyderabadThe management confirmed that no...

RBI Extends Oversight Period for Amanath Co-operative Bank as Regulatory Compliance Deadline is Pushed Out The Reserve Bank of India (RBI) has extended the duration of certain directives issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, concerning The Amanath Co-operative Bank Ltd., Bangalore. This decision pushes the compliance deadline for the directive by three additional months.The extension was made following an original Directive No. CO.DOS.SED.No.S1931/12-23-001/2024-2025, which had initially set a period ending on June 12, 2026. The RBI determined it necessary in the public interest to prolong the operational period of the directive beyond the original deadline.RBI Extends Key Banking...

Premier Energies Earns Grade A Rating in Wood Mackenzie Global Solar PV Module Ranking 2026 Premier Energies Limited, a prominent integrated solar manufacturer in India, has secured recognition as one of the Top 3 Indian and Top 25 Global Grade A Solar PV Module Manufacturers in the Wood Mackenzie's Global Solar PV Module Manufacturer Ranking 2026. This achievement highlights the company's advanced manufacturing standards, technological proficiency, and strong global standing within the solar industry.The evaluation conducted by Wood Mackenzie assessed a total of 48 module manufacturers operating across 10 countries. These selected companies collectively account for 65% of worldwide production capacity and 83% of global module...

Venus Remedies Limited Secures Renewal of DSIR Recognition for In-house R&D Unit Venus Remedies Limited has secured the renewal of its in-house Research & Development recognition from the Department of Scientific and Industrial Research (DSIR), Government of India. The renewal pertains to the company's dedicated R&D unit, the Venus Medicine Research Centre (VMRC).The DSIR recognition is granted to organizations that operate a specific in-house R&D unit, provided they possess defined research objectives, qualified scientific staff, and separately accounted R&D expenditure. This renewed status confirms that VMRC continues to meet these stipulated conditions for maintaining its high standard of dedicated research.This crucial...

RDB Infrastructure And Power Ltd Appoints Cost Auditor and Recommends Postal Ballot for MD Regularization RDB Infrastructure And Power Ltd, formerly known as RDB Realty & Infrastructure Limited, announced significant corporate decisions following its Board meeting held on June 4, 2026. The Board approved the appointment of a new Cost Auditor and initiated proceedings seeking members' approval through a Postal Ballot regarding the regularization of the Managing Director's position.The company confirmed that M/s Sohan Lal Jalan and Associates, a specialized accounting firm, has been appointed as the Cost Auditor for the company. This appointment is subject to ratification by the members at the ensuing Annual General Meeting...

IRB Infrastructure Developers to Hold Investor Meeting on June 10, 2026 IRB Infrastructure Developers Limited has scheduled a group meeting for its senior management team to meet with investors and analysts. The investor conference is set to take place virtually on June 10, 2026, and will be hosted by Choice Institutional Equities.The meeting provides an opportunity for the company's senior management to connect with the investment community. In relation to this event, the company has stated that no material unpriced information (UPSI) is expected to be shared during the scheduled investor session.The schedule of the investor conference remains subject to change.IRB Stock Price Movement IRB Infrastructure Developers Limited today...

Pajson Agro Appoints Cashew Industry Veteran Mr. Vu Thai Son as Strategic Advisor Pajson Agro India Limited, an integrated cashew processing and distribution company, has appointed Mr. Vu Thai Son as a Strategic Advisor to accelerate the company’s global growth strategy. The move aligns with Pajson Agro's long-term vision of establishing itself as a globally competitive and vertically integrated cashew enterprise.Mr. Vu Thai Son is highly respected in the cashew industry, bringing over three decades of experience. He is considered one of the first-generation pioneers of Vietnam's modern cashew sector. His career began in 1991 with Vinalimex, the Vietnamese government authorized organization overseeing the cashew industry. In 1994, he...

Maruti Suzuki Launches India's First Flex-Fuel Car, Aiding National Energy Security New Delhi, 04 June 2026: Maruti Suzuki India Limited introduced India's first flex-fuel car on the eve of World Environment Day. The launch was held in the presence of Hon'ble Minister of Road Transport and Highways, Shri Nitin Gadkari, and Hon'ble Minister of Petroleum and Natural Gas, Shri Hardeep Singh Puri.The company unveiled this innovation in alignment with national energy security and sustainability goals. Maruti Suzuki is introducing flex-fuel technology to its Wagon R model, a brand that has long pioneered alternate fuel vehicles in India, including CNG and LPG. This flexibility allows customers to run the vehicle on any blend of ethanol and...

Corrigendum Issued for Sharp India Open Offer as Smart Services Acquires Shares A corrigendum regarding the Detailed Public Statement (DPS) was issued by Navigant Corporate Advisors Limited, acting on behalf of Smart Services Private Limited, concerning its open offer for acquiring equity shares of Sharp India Ltd. The offering seeks to acquire up to 64,86,000 equity shares of Rs. 10/- each, representing 25.00% of the fully paid-up and voting share capital of Sharp India Ltd.The corrigendum details updates related to the offer for the stakeholders of Sharp India Ltd., which was first published in Financial Express (English), Jansatta (Hindi), Navshakti (Marathi, Mumbai edition), and Loksatta (Marathi, Pune edition) on April 21, 2026...

Regency Fincorp Closes Private Placement of INR 10 Crores in Debenture Funding Regency Fincorp Ltd, previously known as Regency Investments Limited, has completed the allotment of Non-Convertible Debentures (NCDs) totaling INR 10,00,00,000 through a private placement. The transaction was approved following the Board Meeting held on June 2, 2026.The company successfully raised INR 10 Crores by issuing 1,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs). Each debenture has a face value of INR 1,00,000. The entire allotment was made to LC Venture Debt Fund.The NCD tranche is secured against the company’s assets and includes specific covenants regarding repayment terms. Key details of the debt instrument were...

Grovy India Board Meeting Scheduled to Address Capital Increase, Dividend Recommendation, and AGM Planning Grovy India Limited has scheduled a meeting of its Board of Directors for Tuesday, June 09, 2026. The meeting is set to consider several significant corporate proposals concerning the company's future structure and financial performance.Among the key items on the agenda is a proposal regarding the issuance of one or more instruments. This may include equity shares or convertible securities through Preferential Issue, Rights Issue, or any other deemed fit mode, including determining the price for such instruments.The Board meeting will also review the recommendation of a Final Dividend at 1%, equivalent to Rs. 0.10 (Ten Paisa)...

Smart Services Launches Open Offer for Sharp India Limited Shares at Rs 10 Per Share M/s. Smart Services Private Limited has initiated an open offer for the equity shares of Sharp India Limited (SIL), aiming to acquire substantial holding and control of the company. The offer is being made in connection with the acquisition of a significant stake previously held by the existing promoter of SIL.The open offer allows public shareholders to participate and purchase up to 64,86,000 equity shares of Sharp India Limited at a fixed price of Rs 10/- (Rupees Ten Only) per share. This represents 25.00% of the fully paid-up equity and voting share capital of the Target Company as on the date of this Letter of Offer.The acquisition activity...

Victoria Mills Ltd Sets Record Date For Proposed Dividend Payment Victoria Mills Ltd has announced a crucial record date related to the payment of its dividend. This decision comes following the Board of Directors' recommendation for the dividend, pending formal approval at the upcoming Annual General Meeting (AGM).The company set Saturday, September 19, 2026 as the designated record date. This date determines eligibility for shareholders concerning the dividend, should it be approved by the shareholders during the 113th Annual General Meeting.The Directors of Victoria Mills Ltd had recommended the payment of a dividend on May 29, 2026. The fixed record date is intended for the purpose of this potential dividend payment.Stock...

Competition Commission Closes InVideo AI Dispute: Allegations of Exploitative Practices Found to Be Non-Competitive Matter The Competition Commission of India (CCI) has closed a significant information file concerning disputes leveled against Whitesheep Technology Pvt. Ltd., the operator of the AI video generation platform InVideo AI. The ruling, issued by the three-member Commission bench, determined that while the informant detailed several instances of poor service and unilateral actions by the Opposite Party (OP), these issues do not constitute a prima facie violation of Section 4 of the Competition Act, 2002.The case centered on allegations made by Dinesh Kumar Dadsena against the technology company regarding customer experience...