Markets

Zydus Lifesciences Receives USFDA Warning Letter Over Baddi Facility's Purified Talc Usage Zydus Lifesciences Limited has received a Warning Letter from the United States Food and Drug Administration (USFDA) concerning its formulation manufacturing facility located in Baddi, Himachal Pradesh.The Warning Letter pertains to technical observations related to the use of purified talc at the facility, noting that the material did not meet current United States Pharmacopeia (USP) requirements. The company clarified that the communication was issued in response to a request for records and was not related to an onsite inspection by the USFDA.Zydus Lifesciences stated that it believes this Warning Letter will not affect its current...

Unimech Aerospace Reports Resilient FY26, Highlights Strategic Acquisitions and Strong Order Book in Q4 Earnings Call Unimech Aerospace and Manufacturing Ltd. delivered an update on its Q4 FY26 performance, emphasizing business resilience despite external pressures and accelerating strategic initiatives that are set to shape the company's future growth trajectory. The management team underscored the significance of the year as a foundation-building period, backed by a consolidated order book exceeding Rs. 314 crores.Speaking during the earnings conference call held on May 29, 2026, Anil Kumar Puttan, Chairman and Managing Director, noted that Q4 FY26 represented a strong quarter in terms of revenue and EBITDA performance. He...

Consortium Seeks 26% Stake in Novartis India Limited via Open Offer; Price Set at INR 860.64 A group of acquirers, comprising several international investment vehicles and domestic firms, has launched an open offer to acquire up to 64,19,608 fully paid-up equity shares of Novartis India Limited from public shareholders. The offering aims to secure a stake representing 26% of the Target Company's Voting Share Capital at an offer price of INR 860.64 per share.The open offer was initiated following the signing of a Share Purchase Agreement (SPA) with Novartis AG, the current promoter and seller, aiming to acquire over 25% of the equity capital along with control over the Target Company. This mandate necessitates an open offer in...

Ideaforge Technology to Host Global Investor Meetings from June 8 to June 30 Ideaforge Technology Ltd has announced a series of investor meetings scheduled for June 2026, intended for selected individual and group investors. The management of the company will participate in these sessions, which are planned to take place over a four-week period.The logistics for the upcoming global investor engagements have been outlined as follows:Date RangeLocations CoveredMeeting ModesJune 8, 2026 to June 30, 2026India, Hong Kong, Singapore, and United KingdomVirtual and PhysicalThe company stated that no unpublished price sensitive information is planned to be shared during the course of these meetings.These investor meetings are...

CleanMax and Gujarat Alkalies Partner to Drive Decarbonization with Mega Renewable Energy Project in Gujarat Gujarat Alkalies and Chemicals Limited (GACL), a major chlor-alkali manufacturer, has partnered with Clean Max Enviro Energy Solutions Limited (CleanMax) to secure hybrid renewable energy for its manufacturing operations in Gujarat. The collaboration involves developing a project combining 75.90 MW of wind capacity and 84.34 MWp of solar capacity, aimed at achieving 100% captive power consumption by GACL at its Dahej and Vadodara units.The renewable energy project is being implemented across four designated sites in Gujarat: Kalikanagar, Aji Dahisarda, Rajula, and Ghuntu. This partnership underscores the commitment of both...

Dodla Dairy Announces Schedule of Analyst and Investor Meetings Dodla Dairy Ltd has announced details regarding its upcoming schedule of meetings for analysts and institutional investors. These sessions are scheduled to discuss business matters based on publicly available information.The company's officials will be attending the investor conference organized by ICICI Securities. The meeting is set for 08 June 2026 in Mumbai, starting from 9:00 AM onwards.These interactions are structured as both one-on-one and group meetings.Key details of the scheduled investor engagement are provided below:DateNature of MeetingOrganized ByLocation08 June 20261x1/Group MeetingICICI SecuritiesMumbaiThe company has stated that the...

DEE Development Engineers Limited Board Approves Preferential Issue of Equity Shares DEE Development Engineers Limited announced that its Board of Directors, in a meeting held on June 3, 2026, approved the issuance of equity shares on a preferential basis. The board decisions covered the allocation details for two separate investor categories and addressed various governance restructuring matters.The Company’s Board approved the issue of equity shares across both the Promoter & Promoter Group category and the Non-Promoter Category. The details of the proposed issuance are summarized below:Investor CategoryTotal Shares Approved (Up to)Issue Price per SharePremium AmountAggregate ConsiderationPromoter & Promoter Group59,76,096₹...

Brightcom Group Clarifies Relationship Between OMS and ElevenAds, Reaffirming No Conflict of Interest Brightcom Group Ltd has provided clarification regarding the operational distinction between its wholly owned subsidiary, Online Media Solutions Limited (OMS), and EleventhAds Advertising FZCO (ElevenAds). The clarification addresses concerns received from shareholders about the involvement of Mr. Kallol Sen with ElevenAds.The company confirmed that while Mr. Kallol Sen is the Founder of ElevenAds, the day-to-day operations, commercial activities, customer engagements, partnership arrangements, and business development functions of ElevenAds are managed independently by its executive management team.Distinct Business Models...

Bajel Projects Secures Mega EPC Order for EHV Substation Construction Bajel Projects Ltd has been awarded a substantial Mega EPC Order for the construction of an EHV Substation by Datacenter Client (Mumbai). The contract encompasses all stages of the substation project, including design, engineering, procurement, supply, erection, testing, commissioning, and performance testing.The order is classified as a Mega Order under the company's internal policy classification structure. This significant EPC contract involves a domestic entity for the construction of the 400/220/33 KV GIS Substation required for 'Data Center'. The project duration is set at 24 months from the commencement date.The details regarding the EHV Substation order...

Valiant Communications Receives Listing Approval for Preferential Allotment of Equity Shares Valiant Communications Ltd. has secured listing approval from BSE Ltd. regarding a recent preferential allotment of equity shares. The approval pertains to 2,50,000 Equity Shares that were allotted on May 7, 2026.The company received the Listing Approval dated June 2, 2026, concerning this share issue. These shares were issued to non-promoters on a preferential basis.Key details regarding the allotment are as follows:DetailValueNumber of Equity Shares Allotted2,50,000Date of AllotmentMay 7, 2026Face Value per ShareRs. 10/-Allotted Price per ShareRs. 768/-AllotteesNon-PromotersThe allotment was finalized under the...

Shilpa Medicare and Subsidiary Biocare Form Strategic Equity Partnership with Gate2Brain to Advance Brain Cancer Therapy Shilpa Biocare Pvt Ltd, a wholly-owned subsidiary of Shilpa Medicare Limited (BSE/NSE: SHILPAMED), has entered into a strategic equity partnership with Gate2Brain, S.L., a Barcelona-based biotechnology company. This move positions Shilpa as a key strategic shareholder and an integrated Contract Manufacturing and Development Organization (CDMO) and regulatory partner for G2B-002, Gate2Brain's lead candidate for brain cancer.The transaction involves the acquisition of a 30.4% equity stake in Gate2Brain. The total contribution for this equity stake amounts to Euro 7 million. The consideration details include a cash...

Corona Remedies Ltd Schedules Non-Deal Roadshow (NDR) in Singapore Corona Remedies Ltd has announced a schedule for its officials to participate in a Non-Deal Roadshow (NDR) designed to meet investors. The roadshow is being organized by IIFL Capital, with meetings scheduled in Singapore over two days.The company's officials will engage with investors during the NDR, which focuses on discussions based purely on publicly available information.Key details of the investor meeting are as follows:Date and TimeOrganizerMeeting TypeLocationJune 08, 2026 and June 09, 2026 (09:00 A.M. SST onwards)IIFL Capital1x1 MeetingSingaporeDuring these meetings, the company has confirmed that no unpublished price sensitive information (UPSI)...

VKAN & Associates Resign as Statutory Auditors of Coretec Engineering India Private Limited M/s V K A N & Associates, Chartered Accountants, has tendered their resignation as the Statutory Auditors of Coretec Engineering India Private Limited, a material subsidiary of Yuken India Ltd. The resignation is effective from the close of business hours on June 2, 2026.The firm cited pre-occupation and professional responsibilities in other fields as the reason for the resignation. M/s V K A N & Associates stated that they were unable to devote the requisite time, manpower, and resources necessary to continue discharging their duties as Statutory Auditors for the ensuing financial year 2026-27 and the remainder of their tenure.Coretec...

Ceinsys Tech Limited Reports Strong FY26 Consolidated Results with Revenue Rising 58% Ceinsys Tech Limited has announced its consolidated financial results for the fiscal year ending March 31, 2026. The company reported significant growth across several metrics, driven by its core business segments and strategic operational focus in geospatial AI solutions.The consolidated financial performance for FY26 shows a substantial increase in top-line revenue and profitability compared to the previous fiscal year.Consolidated Financial Performance (FY26) For the full fiscal year 2026, Ceinsys Tech Limited reported consolidated operational revenue of INR 6,607 Million. This represents a 58.0% growth compared to FY25. The company generated an...

SEBI Issues Massive Demand Notice: Four Individuals Face Over ₹24 Crore Liability in Sunchan Securities Matter Regulatory Action Intensifies as SEBI Demands Disgorgement and Recovery The Securities and Exchange Board of India (SEBI) has issued a critical Notice of Demand dated June 02, 2026. The notice addresses four individuals—Ashok Daswani, Kanchan Mansinghani, Sunil Mansinghani, and Surendra Gama Yadav—in connection with the matter involving Sunchan Securities Limited. This action underpins regulatory scrutiny concerning past financial conduct within the securities market.The certificate pertains to the recovery of funds as stipulated by Section 28A of the SEBI Act, 1992, read with Section 222 of the Income Tax Act, 1961. The...

Vedanta Ltd Offices Visited by Enforcement Directorate in FEMA Probe Vedanta Ltd has confirmed that the Enforcement Directorate (ED) team conducted searches at some offices belonging to the company and its subsidiary, Hindustan Zinc Limited.According to the update, the ED team’s visits relate to a probe concerning FEMA regulations, drawing attention to news items that appeared in the media regarding searches against the Vedanta Group.The company stated that it is extending its full cooperation to the investigating authorities and is providing all the information that has been sought.Vedanta Ltd confirmed that the proceedings initiated by the authorities are currently underway.

Lippi Systems Ltd. Announces Mandatory Open Offer for Acquisition of Public Shares Lippi Systems Limited has announced a mandatory Open Offer by a consortium of individuals, collectively referred to as the Acquirers. The offer aims to acquire a significant portion of the company's public shareholding, triggering the open offer obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.The Open Offer targets the acquisition of up to 33,82,231 fully paid-up equity shares, representing 25.05% of the Expanded Share Capital of Lippi Systems Limited. The proposed offer price stands at ₹ 56.84 per Equity Share, payable in cash. Under the assumption of full acceptance, the total consideration value for the Open...

DSM Fresh Foods Ltd. Approves 100% Stake Acquisition in Avyom Foodtech, Appoints New Secretarial Auditor DSM Fresh Foods Ltd. announced material corporate decisions following its Board meeting held on June 02, 2026. The Board approved the appointment of Harish Kumar & Associates as the Secretarial Auditor and ratified a strategic investment aimed at increasing its stake in Avyom Foodtech Private Limited to 100%.The board meeting reviewed the company's structure and future strategic direction, solidifying its presence within the food processing and allied sector through the proposed acquisition.Governance and Compliance Update During the meeting, the Board of Directors also approved the appointment of Harish Kumar & Associates...

Wipro Makes Annual Report on Form 20-F for Year Ended March 31, 2026, Available Online Wipro Limited, a technology services and consulting company, has made its Annual Report on Form 20-F for the year ended March 31, 2026, accessible online for its stakeholders. The company confirmed that the report was submitted to the U.S. Securities and Exchange Commission on June 2, 2026, U.S. time.The financial statements included in the Form 20-F for the year ended March 31, 2026, were prepared in accordance with International Financial Reporting Standards (IFRS). The comprehensive Annual Report is available on the official Wipro Limited website.For its American Depository Shares (ADS) holders, Wipro will furnish the report through its...

Marvel Decor Limited Secures International Purchase Order Worth INR 1.17 Crore Marvel Decor Limited has secured a purchase order worth INR 1.17 Crore from an international entity in the Middle East. The contract pertains to the supply and installation of motorized blinds, marking a significant international revenue development for the company.The regular purchase order was received from Middle East Speciality of Marvel. The scope of work involves the supply and installation of Motorized Roller Blinds with Slant Window for Slant Window applications.The order is categorized as an international transaction, with the total consideration set at INR 1.17 Crore. Marvel Decor Limited expects the execution of this order within a three-month...