Markets

Physicswallah Announces Participation in Kotak India Corporate Day Investor Meet Physicswallah Ltd has announced its participation in the Kotak India Corporate Day, scheduled across two days in Singapore. The event is set to host both One on One and Group Meetings with analysts and investors.The company representatives will attend the analyst and investor meet titled 'Kotak India Corporate Day' in Singapore on June 09, 2026, and June 10, 2026.This engagement provides a platform for the company to discuss its general business outlook with market participants. During the meetings, Physicswallah stated that no unpublished price sensitive information will be disclosed, maintaining that discussions will focus on publicly available...

Commercial Court Returns Plaint in Non-Jurisdictional Litigation Against Eraaya Lifespaces Ltd The Commercial Court at Dwarka, New Delhi, has returned a plaint filed by Bull Value Incorporated VCC Sub-Fund against Eraaya Lifespaces Limited, vacating interim status quo directions regarding the matter. The ruling, issued on June 1, 2026, significantly impacts the non-jurisdictional litigation initiated by the sub-fund and related parties.According to records reviewed by stakeholders, the court explicitly noted that despite being afforded two opportunities, the plaintiff failed to file the FCCB title documents—the foundational basis upon which it claimed status as a bondholder. The Court's order validated Eraaya’s consistent position in...

Binny Mills Reports Financial Results and Appoints Internal Auditor; Notes Detail Litigation Outcomes Binny Mills Limited has announced its audited financial results for the quarter and year ended March 31, 2026, alongside the appointment of a new internal auditor for the fiscal year 2026-2027. The company's performance details include significant operational losses across both reported periods.The Board of Directors, during its meeting held on May 22, 2026, reviewed and approved the financial results. Furthermore, the Board appointed M/s T Balaji and Associates, Chartered Accountants (FRN: 01413S) of Chennai, as the Internal Auditor for the financial year 2026-2027.Operational and Governance Updates The appointment of the internal...

NBCC Secures Work Orders Valued at Rs 83.24 Crore in Ordinary Course of Business NBCC (India) Ltd has been awarded several projects, collectively amounting to approximately Rs 83.24 crore (excluding GST), spanning major construction and infrastructural upgrades across different clients and states. These contracts fall within the company's normal course of business activities.The work orders include consultancy and construction mandates from diverse governmental and financial entities. The total portfolio includes three primary projects, each with specific client requirements and designated values.Key project allocations are detailed below:Client NameProject DescriptionApproximate Value (Rs Cr.)Canara BankConstruction of a...

Inspirisys Solutions Settles Litigation Dispute with Kerala Medical Services Corporation Limited Inspirisys Solutions Limited has successfully concluded a legal dispute with Kerala Medical Services Corporation Limited (KMSCL) through amicable mediation and subsequent court orders. The matter, which involved services rendered by Inspirisys to KMSCL under a 2011 tender, was fully settled on April 10, 2026.The litigation arose from disputes related to the contract awarded in 2011. The matter was referred through arbitration and subsequently entered mediation proceedings. According to the settlement reached between both parties, Inspirisys Solutions Limited has received the certified copy of the order from the Hon'ble High Court of Kerala...

Open Offer Announced for Lippi Systems Ltd by Dholu Family to Acquire 25.05% Public Stake The open offer to acquire a significant portion of its public shareholding in Lippi Systems Limited has been announced by a consortium of individuals, including Vinesh Shivji Dholu and Jagdish Shivji Dholu. The acquisition aims to secure control over the manufacturing company from the existing promoter group, as detailed in documents filed by the Acquirers.The offer sets out the terms for acquiring up to 33,82,231 Equity Shares of Lippi Systems Limited (the Target Company). These shares represent the entire public shareholding and constitute 25.05% of the Expanded Share Capital. The Offer Price has been fixed at ₹ 56.84 per Equity Share, with a...

Elnet Technologies Ltd Reconstitutes Three Key Board Committees Elnet Technologies Ltd announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee on 03 June 2026. The changes involve the re-appointment and designation of directors across these critical governance bodies.The company detailed the composition of each committee, which was approved by the Board of Directors through a circular resolution.Audit Committee Reconstitution The Audit Committee now comprises six members responsible for oversight functions, including independent and executive directors.Key members and their designations in the newly constituted Audit Committee are:Sr. No.Name of...

SBFC Finance Limited Allots 6,26,025 Equity Shares Under Various Employee Stock Option Schemes SBFC Finance Limited has allotted a total of 6,26,025 equity shares to employees across various stock option schemes. The allotment occurred on June 3, 2026, and the new shares rank pari passu with the Company's existing equity shares in all respects.The allotments were executed under five specific employee stock option policies: SBFC Stock Option Policy 2021 II, SBFC Stock Option Policy 2021 III - Special Grant, SBFC Stock Option Policy 2023 I, SBFC Stock Option Policy 2023 II, and SBFC Stock Option Policy 2023 III.The details of the allotted shares under each scheme are as follows:Scheme NameNumber of Shares AllottedFace Value per...

Physicswallah Records Strong Financials in FY26, Achieves 3x Jump in EBITDA Despite Net Loss Physicswallah Limited reported robust financial performance for the quarter and full financial year ended March 31, 2026. The company saw a significant surge in profitability, increasing its pre-Ind AS EBITDA three times compared to the previous fiscal year, while maintaining ambitious online growth targets across its educational verticals.The results highlighted that the digital focus remains central to Physicswallah's strategy, with online revenue now comprising over half of the total operational income, as the company aims for increased digitization and affordability in education.Financial Snapshot for FY26 For the full financial year...

Panafic Industrials Promoters Boost Stake via Rights Issue Acquisitions Promoters of Panafic Industrials Limited have increased their holdings in the company's securities through a rights issue, as detailed in regulatory filings regarding changes in promoter group shareholding. The acquisitions span multiple promoters and were reported following the completion of the right issue process.The data reflects the shift in share ownership for several key individuals categorized as Promoters within the company. All transactions involving the acquisition of shares were executed via a Right Issue on the BSE Limited.A consolidated view of the security changes by the various promoters is presented below:Promoter NameCategorySecurities Held...

IEX Achieves 12,983 MU Monthly Electricity Traded Volume in May; DAM Price Jumps Over 18% Indian Energy Exchange (IEX) recorded a robust monthly electricity traded volume of 12,983 MUs in May 2026, marking an increase of 18.6% year-on-year. The exchange platform provides crucial price discovery for the nation's power market, as indicated by strong demand surges and rising average prices across key segments during the month.During May 2026, India's energy consumption reached 164.98 BUs, reflecting an 11.5% growth year-on-year. The country's peak power demand surged to an all-time high of 270.82 GW. In the Day-Ahead Market (DAM), increased consumer appetite drove buy bids up 77% year-on-year, while sell bids rose by 30% YoY. This led to...

North Eastern Carrying Corporation Schedules Board Meeting for Promoter Share Allotment North Eastern Carrying Corporation Limited has announced a forthcoming Board meeting to consider and approve the preferential allotment of equity shares, involving a promoter conversion of loan aggregating Rs. 6.83 Crores.The company is scheduled to hold its Board of Directors meeting on Saturday, June 06, 2026, at the Registered Office of North Eastern Carrying Corporation Limited. The primary agenda item for the meeting includes the approval of the allotment of 45,00,000 Equity Shares to a promoter entity.The shares are being allotted against the conversion of a loan and were priced at Rs. 15.18 per share on a preferential basis.In line with...

Sobhagya Mercantile Ltd Allots 13 Lakh Convertible Warrants at ₹674.49 Per Warrant Sobhagya Mercantile Limited announced that its Board of Directors approved the allotment of 1,301,000 Convertible Warrants (CWs) to non-promoters through a preferential basis allocation. The transaction details were finalized during the meeting held on June 3, 2026.The company allotted the warrants with a face value of ₹10/- each at an issue price of ₹674.49/- per warrant. This allotment raised a premium amounting to Rs 87,75,11,490/- (Rupees Eighty Seven Crore Seventy Five Lakh Eleven Thousand Four Hundred and Ninety only).The CWs were allotted to two non-promoter investors who participated in the preferential issue. The details of the allocation are...

Crisil Ratings Revisions Outlook on Long Term Bank Facilities for Sandur Manganese & Iron Ores Ltd Crisil Ratings has revised its outlook regarding the long term bank facilities of Sandur Manganese & Iron Ores Ltd, as detailed in a letter dated June 2, 2026. The revision pertains to the rating and amount associated with the company’s bank loan facilities.The ratings instrument covered by the update includes bank loan facilities, which saw changes in both the rated amount and the corresponding long term rating classification.The financial specifics of the facility are detailed below:InstrumentRated AmountLong Term RatingBank loan facilities₹ 582 crore (Reduced from ₹1,630 crore)Crisil A+/PositiveSandur Manganese & Iron...

Promoters of Cemindia Projects Limited Update Names in Key Entity Restructuring Cemindia Projects Limited, formerly known as ITD Cementation India Limited, has confirmed changes in the names of two key promoter entities associated with the company. The updates concern structural name modifications within the Promoter Group but do not impact their shareholding or status concerning Cemindia Projects Limited.The revisions pertain to specific members of the Promoter Group. The company clarified that these changes relate exclusively to entity naming and are independent of any changes in ownership structure or relationship status.Details of the promoter entity name changes are as follows:Sr. no.Old NameNew Name1Renew Exim DMCC...

Brandman Retail Appointed Authorized Reseller for Skechers India, Managing E-commerce Portfolio Brandman Retail Limited has entered into a strategic partnership with Skechers in India, having been appointed as an authorized re-seller and online distribution partner for the brand's select marketplace businesses.Under the agreement, Brandman Retail will manage Skechers' presence across multiple leading e-commerce channels. The platforms include Amazon, Flipkart, Myntra, Ajio, Tata CLiQ, Nykaa Fashion, and a few fast-growing quick commerce channels. As an authorized partner, Brandman Retail is responsible for ensuring authentic product availability, maintaining controlled pricing, and adhering strictly to Skechers' global brand...

Infosys and LTA Partner to Launch AI-Driven Fan Experiences for Grass Court Season Infosys, a leader in AI-first business consulting, has partnered with the Lawn Tennis Association (LTA), the governing body of tennis in Great Britain, to launch a new suite of AI-powered fan experiences across the LTA grass court season. These innovations are set to transform how fans engage with the sport, moving from passive viewing to immersive and participatory interactions.The collaboration is designed to bring deeper understanding and richer connections to tennis enthusiasts, while maintaining the integrity and traditions of the game. Leveraging Infosys' innovative AI-first offering, Infosys Topaz, the partnership will deliver real-time insights...

Skipper Limited Approves Preferential Allotment Plan to Raise Up To Rs 433 Crores Skipper Limited announced on June 03, 2026, that its Board of Directors considered and approved a proposal for raising funds through a preferential allotment of equity shares. The company aims to raise up to an aggregate amount of Rs 4,33,49,98,940/- by issuing equity to investors in the Non-Promoter category via private placement.The fundraising plan involves the issuance of up to 92,23,402 Equity Shares of the company. These shares have a face value of Re. 1/- each and are offered at an issue price of Rs 470/- per share, which includes a premium of Rs 469/- per share.The Board meeting held on June 03, 2026, approved the proposal, subject to the...

Monarch Surveyors Acquires 100% Stake in Australian Engineering Firm GMR Engineering Services Monarch Surveyors and Engineering Consultants Ltd has approved the execution of a binding agreement to acquire 100% equity stake in GMR Engineering Services, which operates through its Trustee GM & FE Ryan Pty Ltd. This acquisition marks Monarch's strategic entry into the Australian engineering market.The transaction follows a previous non-binding agreement between Monarch Surveyors and GMR Engineering Services (a unit trust) to form a wholly owned subsidiary. Following approval by the Board of Directors, the company is set to acquire 100% ownership and control of the target entity.The acquisition provides Monarch with immediate access to 7...

Novelix Pharmaceuticals Enters Agreement with German Partner for Astaxanthin Production Scale Up Novelix Pharmaceuticals Ltd has signed an agreement with GMBU e.V., a company based in Halle (Saale), Germany, concerning the commercial-level production scale up of Astaxanthin. The deal focuses on leveraging Novelix's research facilities in Hyderabad, India, following the successful completion of pilot-scale manufacturing.The agreement outlines the steps for transitioning the Astaxanthin process to commercial capacity at the company's specialized research facilities. GMBU e.V., based in Germany, is the counterparty in this strategic partnership. The finalized agreement was dated June 2, 2026.Details regarding the collaboration and its...