Markets

Nikita Greentech Recycling Limited’s Credit Rating Reaffirmed by Infomerics; Long-Term Outlook Revised to Negative Nikita Greentech Recycling Limited (formerly Nikita Papers Limited) has received a re-affirmation of credit ratings from Infomerics Valuation and Rating Ltd. regarding its Bank Loan Facilities. The rating agency, which conducted the review as part of an annual assessment, revised the outlook on the Long-Term Rating to 'Negative' from 'Stable.'The company’s total rated bank facilities stand at Rs. 160.95 Crore, comprising both long-term and short-term facilities. The rating reaffirmed for Short Term Bank Facilities is IVR A3+. For Long Term Bank Facilities, the rating is IVR BBB/Negative (Rating Reaffirmed).Key details...

HBSUK and Hexaware Partner to Revolutionize Clinician Onboarding and Workforce Management HBSUK, a UK-based healthcare services provider, and Hexaware Technologies, a global IT services and solutions company, have announced a strategic collaboration aimed at enhancing workforce management for HBSUK. The partnership is designed to streamline the complex process of clinician onboarding within the healthcare sector.The collaboration addresses the critical pressure faced by healthcare providers regarding workforce capacity. With approximately 7.22 million people currently awaiting treatment within the NHS, organizations are under increasing pressure to rapidly mobilize clinicians and support their workforce while adhering to strict...

Bagmane Prime Office REIT Reports Loss of 2.57 INR Million on Q3 FY2025-26 Bagmane Prime Office REIT, a real estate investment trust primarily focused on commercial office investments in India, reported a loss of 2.57 INR million for the financial period spanning May 30, 2025, to March 31, 2026. The REIT’s balance sheet reflected total assets of 64.40 INR million against total liabilities of 66.97 INR million, resulting in negative unitholder's equity.The financial results for the period indicate a net loss of 2.57 INR million. This loss was driven by total expenses of 2.57 INR million, leading to a loss before tax of (2.57) INR million, which subsequently resulted in a total comprehensive income of (2.57) INR million.Financial...

Scan Projects Ltd to Hold Board Meeting to Plan NCLT-Convened EGM Scan Projects Limited has scheduled a meeting of its Board of Directors. The gathering is set to approve critical elements related to the forthcoming Extraordinary General Meeting (EGM) for shareholders, which is convened as per NCLT directions.The Board meeting is scheduled for Tuesday, June 9, 2026, at 4:15 PM and will be held at the company’s registered office. The agenda items are focused on finalizing the details necessary for the EGM and ensuring proper governance procedures are in place.Key business to be transacted during the Board meeting includes approving the Date, Time, Venue, and Mode (VC/OAVM) for conducting the EGM. Furthermore, the directors must...

Vital Chemtech Promoter Declares No Circumvention of Shares During Financial Year 2025-26 Vital Chemtech Limited’s promoter, Vipul Bhattal, has confirmed that neither he nor the Promoter Group engaged in any circumvention regarding the shares of the company during the financial year 2025-26.The declaration relates to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Vipul Bhattal confirmed that no member of the Promoter Group or associated persons had made any circumvention over the shares of Vital Chemtech Limited held by him, other than what was already disclosed, directly or indirectly, throughout the financial year 2025-26.Vital Chemtech Limited is identified with the symbol VITAL and...

Suzlon Transforms into Full-Stack Renewable Energy Provider, Aims for 10 GW RE Sales by FY31 Suzlon Energy Limited is undergoing a major transformation, evolving from a pure-play wind OEM to a "wind-first" full-stack renewable energy solutions company. This strategic shift involves building an integrated platform that encompasses Wind, Solar, Battery Energy Storage Systems (BESS), and various service offerings across the renewable energy lifecycle.The company's strategy, branded as Suzlon 2.0, is anchored by a new business architecture designed to deliver reliable, affordable, and integrated energy systems at scale. This includes specialized divisions focused on RE Tech Solutions, RE Development Company (RE DevCo), RE Projects, and RE...

UltraTech Cement Recommends Dividend of Rs 240 Per Share; Details of Tax Deduction at Source Announced UltraTech Cement Limited has recommended a dividend payment for its shareholders following the Board meeting held on April 27, 2026. The proposed payout is set against the backdrop of comprehensive tax withholding provisions under the Income-tax Act, 2025, detailing specific rates and exemptions for resident and non-resident investors.The company has announced that the dividend, which will be paid to equity shareholders holding shares as at the record date (to be announced later), is subject to Tax Deducted at Source (TDS) in accordance with relevant tax legislation. The Board recommended a dividend of Rs 240 per equity share...

Newgen Software Technologies Officials Scheduled for ICICI Securities India Investor Conference Newgen Software Technologies Limited has announced that its officials will attend and interact with investors and analysts at an upcoming investor conference focused on industry growth. The engagement is set to take place on Tuesday, June 9, 2026, in Mumbai.The event is titled 'ICICI Securities India Investor Conference | India Rising: The Next Chapter,' and the schedule includes opportunities for one-on-one and group meetings with attending financial professionals.Key details regarding the investor interaction are as follows:Event NameDateInteraction TypeICICI Securities India Investor ConferenceTuesday, 9 June 2026One-on-one and...

Bagmane REIT Board Approves Debt Facility, Reviews Q4 Results and Financial Status Bagmane Prime Office REIT, managed by Bagmane Realty Investment Manager Private Limited (BRIMPL), has announced several key outcomes from its recent Board of Directors meeting held on June 3, 2026. The REIT approved the audited financial results for the quarter ended March 31, 2026, and authorized strategic actions including a major debt facility and the redemption of outstanding debentures.The Board took several critical decisions, including approving the Audited Financial Results for the quarter ending March 31, 2026, and for the period spanning May 30, 2025, to March 31, 2026. Additionally, the REIT approved the constitution of an Executive Committee...

Anlon Healthcare Boosts Growth Strategy with Acquisitions and Capacity Expansion Anlon Healthcare Limited, a research-driven chemical manufacturer incorporated in 2013, is enhancing its manufacturing capacity and strategic footprint through key acquisitions. The company specializes in producing high-purity advanced pharmaceutical intermediates and Active Pharmaceutical Ingredients (APIs) for global clients across the pharmaceutical, nutraceutical, personal care, and animal health sectors.The growth strategy involves the inorganic acquisition of two entities: Bizotic Lifescience Pvt. Ltd. and Apiqo Organics Pvt. Ltd., strengthening Anlon’s backward integration capabilities.Transaction Snapshot Details Anlon Healthcare completed...

Refex Industries Ltd Wins Legal Battle as GST Demand for FY 2021-22 is Quashed by Appellate Authority Refex Industries Limited has achieved a significant financial victory following the decision of the Appellate Authority concerning a Goods and Services Tax (GST) demand related to the Financial Year 2021-22. The Authority has quashed the GST demand originally raised against the company.The Appellate Authority, after reviewing the submissions made by Refex Industries Limited, ruled that the demand totaling ₹35,29,002/-—issued by the Assistant Commissioner of CGST & Central Excise, Raipur—is nullified. The decision was received by the company on June 02, 2026.The original GST demand, which related to the Financial Year 2021-22...

Aster DM Healthcare Ltd Schedules Investor Meets for Kotak India Corporate Day in Hong Kong and Singapore Aster DM Healthcare Limited has announced its participation in upcoming Analyst and Institutional Investors Meets, scheduled as part of the Kotak India Corporate Day events. These meetings are set to take place across two consecutive days in Asia.The company’s representatives will attend the conferences, which include both Investor Group and One to One sessions. The schedule is detailed below:Event NameType of MeetDateTime (HKT/SGT)Local TimeLocationKotak India Corporate DayConference Meet [Investor Group and One to One]June 8, 20269:00 AM to 5:00 PM (HKT)6:30 AM to 2:30 PM (IST)Hong KongKotak India Corporate...

ITI Ltd Issues Corrigenda for FY26 Financial Results, Revisions Impact Q4 Profit Figures ITI Ltd has released corrigenda pertaining to its Consolidated and Standalone Audited Financial Results for the Quarter and Year ended March 31, 2026. The corrections address clerical and typographical errors noted in the Statement of Quarterly audited Financial Results for the Fourth Quarter, though the company confirmed that there is no change or impact on the overall profit for the Financial Year ended March 31, 2026.The original results had been submitted following a Board Meeting conducted on May 28, 2026. Upon subsequent verification of the financial statements, ITI Ltd noted the inadvertent errors that occurred while deriving balancing...

Vodafone Idea Limited Management to Participate in Citi India Conference 2026 Vodafone Idea Limited announced details regarding the participation of its representatives in an upcoming Analyst and Institutional Investor Meeting scheduled for June 5, 2026.The company is participating in the Citi India Conference 2026, a group meeting set to be held in Mumbai on that date. The engagement includes management representation from Vodafone Idea Limited.The details of the investor conference participation are as follows:Date of the MeetingName of the EventType of MeetingLocation5 June 2026Citi India Conference 2026GroupMumbaiVodafone Idea Limited stated that its management team’s participation in the investor conference was...

CMS Info Systems CEO Clarifies Intentions Regarding Buyback Participation Rajiv Kaul, Executive Vice Chairman and CEO of CMS Info Systems Limited, has issued a clarification regarding his participation in the company's ongoing Share Buyback. The clarity addresses earlier statements concerning his share tendering while outlining a strategic plan involving vested stock options.The Buyback Offer for CMS Info Systems Ltd began on May 29, 2026. Previously, during an earnings call held on May 15, 2026, Mr. Kaul stated that he did not intend to tender his shares in the Buyback. He has now issued a voluntary clarification to ensure complete transparency for all shareholders regarding his current position.Mr. Kaul holds approximately 6.42%...

Veeram Barter Acquires 8.96% Stake in Palm Jewels Ltd through Open Market Purchase Veeram Barter Private Limited has acquired a significant stake in Palm Jewels Limited through an open market purchase of equity shares. The acquisition was completed on May 28, 2026, establishing Veeram Barter as a substantial shareholder in the target company.According to the transaction details, Veeram Barter Private Limited and its associated Persons Acting in Concert (PAC) purchased 9,00,000 shares of Palm Jewels Limited. This purchase represents 8.96% of the total diluted share capital or voting rights of the company, measured both before and after the acquisition was completed.Prior to this transaction, Veeram Barter Private Limited held Nil...

Rhetan TMT Ltd Board Meeting Scheduled for June 06, 2026 Rhetan TMT Ltd has scheduled a meeting of its Board of Directors on Saturday, June 06, 2026. The meeting will be held at the company's Registered Office and is set to address key corporate appointments and other business items.The purpose of the Board Meeting includes addressing critical aspects related to the governance structure of the Company.Key agenda items for the meeting are:Agenda ItemDescription1Appointment of Company Secretary and Compliance officer of the Company.2Any other business with the permission of chair.The management noted that the Board Meeting is scheduled to consider these matters, alongside any other business permitted by the Chair...

Earthstone Declares No New Encumbrances on Chambal Fertilizers & Chemicals Limited Shares Earthstone Investment & Finance Limited has confirmed that neither it nor associated persons made any new encumbrances on the shares of Chambal Fertilizers and Chemicals Limited during the financial year ended March 31, 2026.The declaration confirms that the company and its associated parties did not create any direct or indirect encumbrance on the shares of Chambal Fertilizers & Chemicals Limited. This applies specifically to all transactions occurring throughout the financial year ended March 31, 2026.Earthstone Investment & Finance Limited stated that the only existing share holdings are those previously disclosed to the company and the...

BW LPG Shipping FZCO Acquires Shares in Confidence Petroleum India Ltd BW LPG Shipping FZCO acquired shares in Confidence Petroleum India Limited through an off-market transaction, increasing its holding in the company.The acquisition was conducted by BW LPG Shipping FZCO (formerly BW LPG Infrastructure DMCC). Prior to the transaction, the entity held 2,82,29,120 shares of Confidence Petroleum India Ltd, representing 8.50% of the total share or voting capital.On June 2, 2026, BW LPG Shipping FZCO acquired an additional 2,82,29,120 shares through this off-market purchase. Following the acquisition, the entity's holding remains at 8.50%.The key details of the pre and post transaction shareholding are summarized below...

Shalimar Paints Ratings Update: Bank Facility Ratings Reaffirmed by CARE Amid Operating Losses CARE Ratings Limited has reaffirmed the ratings assigned to various facilities and instruments of Shalimar Paints Ltd (SPL). The ratings were issued on June 2, 2026, reflecting the company’s financial position, operations, and ongoing strategic moves within the highly competitive paints industry.The rating update covered several key bank facilities for SPL, including Long Term Bank Facilities, Non-fund-based LT/ST-Bank Guarantee, Short Term Bank Facilities, and Long Term / Short Term Bank Facilities.As per the rating details, the current ratings are as follows:Facility/InstrumentAmount (₹ crore)RatingRating ActionLong Term Bank...