Markets

Commercial Court Vacates Status Quo in Litigation Against Delphi World Money; Plaint Returned The commercial proceedings initiated against Delphi World Money Limited by Bull Value Incorporated VCC Sub-Fund have been concluded favorably, as the Commercial Court at Dwarka, New Delhi, returned the plaint and vacated related status quo directions. This order validated the Company’s consistent position that the lawsuit lacked jurisdiction from its inception.The Court issued the order on June 1, 2026, as reported by Delphi World Money Limited (Delphi). The legal action involved Civil Suit No. CS 628/2025, titled Bull Value Incorporated VCC Sub-Fund versus Walker Chandiok & Co. LLP and others.A significant aspect of the Court's decision...

Qualitek Labs Approves Rs 91.31 Crore Credit Facility from HDFC Bank; Security Details Disclosed Qualitek Labs Ltd has finalized credit facilities amounting to Rs 91.31 Crores from HDFC Bank Limited, following a Board meeting held on June 03, 2026. The company executed the necessary loan and security documents in line with the sanction letter received from the bank.The financing details encompass various types of credit, including Term Loan, Bank Guarantee, Cash Credit, and Capex Letter of Credit Facilities.A summary of the financial arrangements is provided below:Financial MetricDetailLenderHDFC Bank LimitedBorrowerQualitek Labs LimitedSanction DateMay 26, 2026Total Credit Facility AmountRs 91,31,00,000/- (Rupees...

Lakshmi Engineering Announces Key Dates for AGM and Dividend Payment Lakshmi Engineering And Warehousing Ltd., formerly known as Lakshmi Automatic Loom Works Limited, has set the dates for its upcoming 52nd Annual General Meeting (AGM), book closure period, and record date concerning dividend payment.The company’s 52nd Annual General Meeting is scheduled for Monday, August 10, 2026. Members will be able to attend the meeting via Video Conferencing (VC) or Other Audio Visual Means (OAVM).A specific schedule has been provided detailing the timeline for the book closure and related activities necessary for the dividend payment concerning the Financial Year 2025-26.The company announced the following key dates...

Tirth Plastic Ltd Enters MOU for Proposed Acquisition of Krishna Plastic Traders' Business Undertaking Tirth Plastic Limited has established a Memorandum of Understanding (MOU) with M/S Krishna Plastic Traders to explore a strategic association and proposed investment involving the acquisition of KPT’s business undertaking. The agreement was executed on June 3, 2026.The objective of the MOU is to establish a framework for Tirth Plastic Ltd (TPL) to acquire the business undertaking of Krishna Plastic Traders (KPT). This acquisition is conditional upon several factors, including satisfactory financial, legal, technical and commercial due diligence, an independent valuation of the business enterprise, approval from the Board of...

Shree Rama Multi-Tech Ltd Commences Commercial Production with New Tubing Machine; Announces Capacity Expansion Plans Shree Rama Multi-Tech Ltd has commenced commercial production of tubes using a newly installed, state-of-the-art tubing machine at its Moti-Bhoyan plant. The company confirmed the start of operations as of June 3, 2026, stating that the new machinery is set to significantly enhance Lamitube’s overall capacity and contributes toward growth in both topline and bottomline in the coming years.The deployment of the advanced tubing machine followed necessary trial runs conducted according to standard operating norms and quality parameters at the Moti-Bhoyan facility in Kalol.In addition to starting commercial production...

Mr. Rakesh Khanduja Re-appointed as Independent Director at Mobilise App Lab Limited Mobilise App Lab Limited announced the re-appointment of Mr. Rakesh Khanduja as a NonExecutive Independent Director (NEID) following its Board of Directors meeting held on June 3, 2026. The decision was taken based on the recommendation of the Nomination and Remuneration Committee.The Board approved his second consecutive term in this capacity. Mr. Khanduja will serve for five years, effective from June 3, 2026, until June 2, 2031. This appointment remains subject to approval by the Shareholders through a Special Resolution.Mr. Khanduja possesses over 25 years of experience within the telecommunications sector. He holds a Post Diploma in Electrical...

Jeena Sikho Lifecare Ltd Secures NABH Accreditation for Bhopal Hospital Facility Jeena Sikho Lifecare Limited has achieved a significant operational milestone by receiving the National Accreditation Board for Hospitals & Healthcare Providers (NABH) Certificate of Accreditation for its hospital located in Bhopal, Madhya Pradesh. The accreditation signifies adherence to nationally recognized standards pertaining to quality healthcare delivery and patient safety.The NABH certification applies specifically to Panchakarma services offered at the facility. This achievement represents a development that occurred during the normal course of business activities at Jeena Sikho Lifecare Limited.Accreditation Details The details of the...

India Ratings Affirms KEI Industries Ltd's Debt Instruments, Assigning AA+/Stable Rating for Working Capital Facilities India Ratings & Research Private Limited has affirmed the ratings for various debt instruments of KEI Industries Ltd (KEI), including Long-Term Bank Facilities and Commercial Paper programs. The company received consistent high credit ratings across multiple bank funding categories in a review conducted on June 03, 2026.The ratings cover different aspects of KEI's borrowing capacity, with the rating for debt instruments assigned at INDAA+/Stable/INDA1+.Key Ratings and Financial Metrics India Ratings provided comprehensive updates regarding KEI Industries Ltd's financial health and its various credit facilities in...

SEBI Cracks Down on Ranika Investments: Rs 5 Lakh Penalty Imposed for Manipulating Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued a decisive adjudication order against Ranika Investments Pvt Ltd regarding fraudulent practices in the illiquid stock options segment of the Bombay Stock Exchange (BSE). The company was penalized for engaging in non-genuine, manipulative trades that artificially generated volume during the specified investigation period.The order, released on June 3, 2026, outlines severe violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. This action underscores the regulator’s vigilance against market...

Srigee Dlm Ltd Reports Strong H2 FY26 and FY26 Results, Showing Significant Growth in Profitability Srigee DLM Limited, a provider of Design-Led Plastic Manufacturing solutions, has announced its Audited Financial Results for the half-year (H2 FY26) and the full year (FY26). The company reported a strong performance characterized by disciplined cost management and operational efficiency improvements across core manufacturing segments.The results demonstrate Srigee DLM’s ability to maintain healthy profitability despite a relatively moderate demand environment during parts of the review period, strengthening its overall operational foundation.Key Financial Highlights The company posted notable year-over-year growth in key metrics for...

Interise Trust Allots Rs 1,727.10 Crores in Unsecured Commercial Papers Interise Trust has finalized the allotment of commercial papers, raising a total issue size of Rs. 1,727.10 Crores through its designated investment manager. The transaction involved the issuance of unsecured, listed, and rated commercial papers to institutional investors.The Investment and Finance Committee of Interise Investment Managers Private Limited, which serves as the Investment Manager for the Trust, completed the allotment on June 3, 2026.The newly issued financial instruments are detailed below:MetricDetailsTotal Issue SizeRs. 1,727.10 CroresNumber of Commercial Papers34,542Face Value per PaperRs. 5 Lakhs (Rupees Five Lakh only)...

Promoter's Shareholding Rises as Rajni Seth Acquired Shares Following Succession at My Money Securities Ltd Mrs. Rajni Seth, a promoter of My Money Securities Limited, has seen her shareholding increase following the acquisition of equity shares consequent upon the demise of Mr. Govind Narain Seth, also a promoter of the company. The transaction, which involved transmission of shares, saw her total stake rise to 5.52% of the paid-up equity share capital.The acquisition relates to the transfer of 1,37,050 equity shares, each having a face value of X10/-. This transmission event resulted in Mrs. Seth’s accumulated holding surpassing the five percent threshold of the company's paid-up equity share capital.Prior to this acquisition...

India International Cargo Show 2026 Schedule Revised as Jet Freight Logistics Participates Jet Freight Logistics Ltd has announced an update regarding its participation in the highly anticipated India International Cargo Show 2026 (IICS 2026). The organizers have revised the exhibition schedule, setting new dates and location details for South Asia's largest multimodal logistics event.The India International Cargo Show 2026 will now take place over three days, running from June 04, 2026, to June 06, 2026. The event is scheduled to be held at Hall 3 and Hall 4 of the Bharat Mandapam in New Delhi.Jet Freight Logistics Ltd confirmed that all other details concerning its involvement in IICS 2026 remain unchanged. The company invites...

SEBI Tightens Grip on Alternative Investment Funds: Master Circular Mandates Enhanced Governance and Rigorous Performance Benchmarking The Securities and Exchange Board of India (SEBI) has released a comprehensive new Master Circular for Alternative Investment Funds (AIFs), setting stringent standards across the entire investment lifecycle. This Master Circular supersedes the previous guidelines, consolidating and refining regulatory requirements from all AIF-related circulars issued up to May 31, 2026. The issuance signals SEBI’s continued focus on investor protection while promoting industry development within the sophisticated AIF sector.Governance and Operational Mandates for Fund Managers The new regulations impose heightened...

Dwarka Commercial Court Returns Plaint in Litigation Against Eraaya Lifespaces; Status Quo Order Vacated Eraaya Lifespaces Limited has received a judicial outcome in the Commercial Court at Dwarka, New Delhi, following proceedings brought by Bull Value Incorporated VCC Sub-Fund and related parties. The Court returned the plaint filed in the matter, while also vacating the status quo directions related to the case (No. CS 628 of 2025), titled Bull Value Incorporated VCC Sub-Fund vs. M/s Walker Chandiok Co. LLP & Others.The Court's order, dated June 1, 2026, holds significant weight for Eraaya and its stakeholders. The court expressly noted that despite being granted two opportunities, the plaintiff failed to file the FCCB title...

Morarka Finance Clarifies Appointment of Pranay G. Morarka as Managing Director Amidst Regulatory Requirements Morarka Finance Limited confirmed that its Board of Directors passed a resolution clarifying the appointment of Mr. Pranay G. Morarka as the company's Managing Director (Additional Director). The clarification was issued following the initial approval of his role, ensuring all necessary regulatory conditions are met concerning the appointment.The Board of Directors had originally approved Mr. Pranay G. Morarka for the position of Managing Director on April 23, 2026. This original approval set a term of five years commencing from April 24, 2026.The resolution passed by the Board of Directors on June 03, 2026, is purely...

My Money Securities Ltd Reports Share Transmission from Deceased Promoter to Legal Heir My Money Securities Ltd announced that the shares held by a deceased promoter have been transmitted to another promoter within the company. The transaction update reflects changes in the company's promoter group structure and will be incorporated into the shareholding pattern for the quarter ending June 30, 2026.The transmission involved Late Mr. Govind Narain Seth, who was part of the Promoter Group. These shares were transmitted to Mrs. Rajni Seth, who is also a Promoter of My Money Securities Ltd.According to the company records, the details of this share transfer are as follows:Deceased MemberTransmitted ToNumber of SharesLate Mr...

Promoter Acquires Shares of My Money Securities Through Transmission Following Demise My Money Securities Ltd has seen a change in its promoter shareholding following the transmission of equity shares consequent to the demise of Late Mr. Govind Narain Seth, Promoter of the company. The acquisition was made by Mrs. Rajni Seth, who is also a promoter of My Money Securities Limited.The transaction involved Mrs. Rajni Seth acquiring 137,050 equity shares through transmission. This acquisition resulted from the passing of Late Mr. Govind Narain Seth, who was also a Promoter of the company. The shareholding change represents an increase in her stake in My Money Securities Ltd.Prior to this transmission, Mrs. Rajni Seth held 7,90,300...

Exato Technologies Holds Q4 and FY26 Earnings Call for Audited Financial Results Exato Technologies Ltd., formerly known as Exato Technologies Private Limited, conducted an earnings call with investors and analysts on June 2, 2026. The event focused on the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026.The Q4 and FY26 Earnings Call commenced at 4:00 P.M. and concluded at 5:29 P.M., providing updates regarding the company’s financial performance.Several executives from Exato Technologies were present during the conference call to address questions from investors and analysts. The attendees included Mr. Appuorv K Sinha, Chairman and Managing Director, and Mr. Gopinath P Bailur, Chief Operating...

City Union Bank to Participate in India Corporate Day Singapore 2026 City Union Bank Ltd has announced its participation in an industry conference focused on corporate engagement and financial insights. The bank will take part in the "India Corporate Day Singapore 2026."The event is being organized by Kotak Institutional Equities. City Union Bank’s involvement is scheduled for June 06, 2026, in Singapore.CUB Stock Price Movement Today, City Union Bank Limited shares edged higher to settle at ₹249.25 after a gain of 0.16%. The bank’s stock saw sustained interest during the trading session, with total volume reaching 1.48 million shares.