Markets

Vibrant Global Capital to Acquire 65% Equity Stake in The Private Reserve Capital Pvt. Ltd. Vibrant Global Capital Ltd. has announced the acquisition of a 65% equity stake in The Private Reserve Capital Pvt. Ltd. The acquisition, which was approved by the company's Board of Directors at a meeting held on June 2, 2026, aims to strengthen the company's presence in the wealth management sector.The Private Reserve Capital Pvt. Ltd. is a wealth management entity that plans to engage in Portfolio Management Services (PMS), Category III Alternative Investment Funds (AIFs), and wealth advisory services. The target company, incorporated on April 28, 2026, is currently noted as having not yet commenced business operations.The total...

Shri Techtex Limited Appoints New Company Secretary and Key Managerial Personnel Shri Techtex Limited announced that its Board of Directors held a meeting on Tuesday, June 02, 2026, and approved the appointment of a new Company Secretary and Compliance Officer.The Board meeting, which commenced at 17:00 (IST) and concluded at 17:25 (IST), approved the appointment of Ms. Anjali Tejpal Dhamecha (Membership Number: A80701) to several key roles within the company. Ms. Dhamecha has been appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP). These appointments are effective from the commencement of business hours on Thursday, June 04, 2026.Ms. Dhamecha, an Associate Member of the Institute of Company...

John Cockerill India Secures Contract with JSW Vijayanagar Metallics for CRNO Project John Cockerill India Limited (JCIL) has been awarded a significant contract by JSW Vijayanagar Metallics Limited. The agreement involves providing Design, Engineering, Supply, Supervision of Erection, and Commissioning services for the CRNO Project.The scope of work includes setting up Two Annealing & Coating Lines (ACL 1 & ACL 2) and one Annealing & Pickling Line (APL). The contract award is structured according to the terms and conditions outlined in a Letter of Intent.The total estimated contract value is approximately INR 1,250 - 1,300 Crores. This aggregate value is distributed across multiple entities participating in the project...

Reliance Industries Executives Participate in Morgan Stanley India Investment Forum 2026 Reliance Industries Limited reported that its executives participated in an Institutional Investors' Meeting organized by a third party. The company stated that no unpublished price sensitive information was shared or discussed during the one-on-one meeting.According to the details provided, the participation occurred at the Morgan Stanley India Investment Forum 2026.The specifics of the meeting are detailed below:DateType of Meeting/EventLocationJune 2, 2026Morgan Stanley India Investment Forum 2026MumbaiRELIANCE Stock Price Movement Today, Reliance Industries Limited shares edged higher, settling at ₹1314.6, marking a gain of 0.08%...

La Tim Metal & Industries Acquires 50.1% Stake, Establishes Subsidiary Status with LA PROVISO BUILDCON LLP La Tim Metal & Industries Limited announced that it has acquired a majority stake and been admitted as a partner in LA PROVISO BUILDCON LLP. The acquisition was effective from June 01, 2026. Following this direct capital contribution, the company now holds a 50.1% ownership interest in LA PROVISO BUILDCON LLP, which subsequently became a subsidiary of La Tim Metal & Industries Limited.The strategic acquisition involves LA PROVISO BUILDCON LLP, a venture focused on construction and real estate development. The company stated that the object of the acquisition is aligned with its core business and is expected to lead to further...

CCI Greenlights Mega Restructuring: UPL Consolidates Global and India Crop Protection Units New Delhi: The Competition Commission of India (CCI) has approved a significant proposed combination involving the restructuring of several UPL group companies. This landmark clearance signals a major operational and structural reorganization for the global agri-solutions giant.The approval, formalized on June 2, 2026, allows the transfer of critical business verticals into a consolidated subsidiary. This move aims to streamline UPL’s core operations across its Indian and global crop protection segments.CCI Approves Landmark UPL Corporate Restructuring The approved combination involves seven parties, including UPL Limited, UPL SAS, and UPL 2...

Veerhealth Care Reports Strong FY26 Performance with 86.08% YoY Growth in EBITDA and 33.29 Crore in Total Revenues Mumbai, June 1, 2026: Veerhealth Care Limited, specializing in ayurvedic medicines and oral care products through its brand Ayuveer, has reported robust financial results for the year and quarter ended March 31, 2026. The company achieved an 86.08% year over year (YoY) growth in EBITDA, reaching 3.27 Crore, while recording Total Revenues of 33.29 Crore, marking a 6.08% YoY growth.Veerhealth Care Limited, which focuses on delivering safe and affordable daily care experiences using natural ingredients, highlighted strong growth driven by expanding international and domestic market footprints.Financial Performance Snapshot...

CCI Slams Dominance in Beauty Pageant Sector: 90-Day Probe Launched Into Anti-Competitive Practices The Competition Commission of India (CCI) has initiated a comprehensive investigation into the structure of the highly specialized beauty pageant industry for married women. The probe centers on allegations that a prominent organizing entity has misused its dominant market position by imposing restrictive and anti-competitive agreements on participants and winners.The Order, passed on June 2, 2026, directs the Director General (DG) to conduct a detailed investigation into potential violations of the Competition Act, 2002.Scrutiny of Niche Beauty Pageant Market Dominance The core of the complaint stems from the fact that the industry...

Swastika Investmart Fixes Record Date for Final Dividend and Announces 34th AGM Details Swastika Investmart Limited announced that its Board of Directors, during a meeting held on May 2, 2026, fixed the record date to determine eligibility for the final dividend for the financial year 2025-26. The company also confirmed the details for its upcoming 34th Annual General Meeting (AGM).The record date is set to be Thursday, June 18, 2026. This date is crucial for identifying members eligible for the payment of the Final Dividend. The dividend, if declared by the shareholders at the ensuing AGM, is scheduled to be paid within 30 days from the conclusion of the meeting.The details regarding the security and the record date are as follows...

B.R.Goyal Infrastructure Secures Work Order from NHAI for Gujarat Fee Plaza B.R.Goyal Infrastructure Limited has been awarded a work order by the National Highways Authority of India (NHAI). The contract pertains to the engagement of a user fee agency for the Kathpur Fee Plaza located at km 472.000 of the Himmat Nagar-Chiloda Section from km 443.000 to km 495.000 of the NH-8 in Gujarat.The Letter of Award (LOA) details that B.R.Goyal Infrastructure Limited will be responsible for the upkeep and maintenance of the adjacent Toilet blocks, including the recouping of consumable items.The company noted that the plaza will be handed over following the completion of the existing contract period, which runs until July 17, 2026.The...

Mankind Pharma Acquires Remaining Stake in Upakarma Ayurveda, Achieving Full Ownership Mankind Pharma Limited has completed the acquisition of the remaining 10% stake in Upakarma Ayurveda Private Limited. The deal was finalized through a Share Purchase Agreement (SPA) dated June 2, 2026, marking a significant step toward consolidating Upakarma's operational structure within the company's subsidiaries.The acquisition was executed by Mankind Lifesciences Private Limited (MLS), a wholly-owned subsidiary of Mankind Pharma Limited, from Kaushcorp Media LLP. Following this transaction, Upakarma Ayurveda Private Limited has become a wholly-owned subsidiary of MLS and consequently, a step-down subsidiary of Mankind Pharma Limited.The...

Consecutive Commodities Ltd Approves Rights Issue of Equity Shares Consecutive Commodities Limited, formerly known as Consecutive Investments & Trading Company Limited, announced that its Board of Directors approved the terms of a Rights Issue of Equity Shares. The Board meeting was held on Tuesday, June 2, 2026.The Board considered and approved the terms for the issuance of fully paid-up Equity Shares designated as 'Rights Equity Shares' through a Rights Issue.A detailed overview of the Rights Issue includes the following key parameters:DetailSpecificationValueType of IssueRights Issue of Fully paid-up Equity SharesN/ATotal Securities ProposedEquity Shares48,04,50,000Face Value & Issue PriceRs. 1.00/- per Equity...

Prozone Realty to Disinvest Stakes and Hive Off Assets into SPVs Prozone Realty Ltd has announced major restructuring plans, confirming shareholder approval for the disinvestment of its stakes in several material subsidiaries and the hiving off of specific land assets. The company plans to sell significant mall assets to Inorbit Malls (India) Private Limited or its affiliate.The key resolutions, passed by the members of the company through a postal ballot on May 29, 2026, authorize the disinvestment process and restructuring required for the sale.Transaction Details and Consideration The company proposes to sell 'Mall Assets' located in its key subsidiaries. The total consideration for the disinvestment of Identified Subsidiaries is...

Marine Electricals Appoints United Branding Solutions as Investor Relations Advisor Marine Electricals (India) Limited announced on June 2, 2026, the appointment of United Branding Solutions (UBS) as its Investor Relations Advisory Service. The engagement is effective immediately, supporting the Company’s ongoing efforts to strengthen its investor engagement framework and enhance transparency in its capital markets communication.The selection of United Branding Solutions is part of the company's strategy to enhance its investor outreach and align its overall capital markets communication initiatives.The investor relations advisor, United Branding Solutions, is registered at S.B. Marg Dadar West, Mumbai City, Maharashtra 400028.The...

Picturepost Studios Limited Appoints Ms. Urvashi Dilip Maharshi as Independent Director Picturepost Studios Limited announced the appointment of Ms. Urvashi Dilip Maharshi as an Additional Director, serving in the category of Non-Executive Independent Woman Director. The decision was approved by the Company’s Board of Directors at a meeting held on June 02, 2026.Ms. Urvashi Dilip Maharshi, holding DIN: 09711176, takes on the role with effect from June 02, 2026. The appointment is structured for a term of five consecutive years, commencing on June 02, 2026, and concluding on June 02, 2031, and is subject to the final approval of the Company's shareholders.The board approved the appointment following careful consideration, confirming...

Ganesh Green Bharat Secures Order from Neosol Technologies for Solar PV Modules Ganesh Green Bharat Limited, formerly known as Ganesh Electricals Private Limited, announced the receipt of a Purchase Order for the supply of specialized solar equipment. The order comes from Neosol Technologies Private Limited, solidifying the company's position in the domestic renewable energy supply chain.The company confirmed the receipt of the purchase order for the supply of Solar PV modules Bifacial 550W. The transaction is designated as a domestic entity order.The details regarding the contract awarded are outlined below:ParticularsDetailsAwarding EntityNeosol Technologies Private LimitedNature of OrderSupply of Solar PV modules...

Elpro International Acquires 92,000 Equity Shares in Jana Small Finance Bank Elpro International Ltd has acquired equity shares in Jana Small Finance Bank Limited, marking an investment in the Banking and Financial Services sector. The acquisition is stated to be for an investment purpose.The cost of this acquisition stands at INR 4.48 Crores, and the transaction involves cash consideration. Through the purchase, Elpro International Ltd's holding increased by 92,000 Equity Shares, bringing its total holding to 92,000 Equity Shares.Details of Jana Small Finance Bank Limited Jana Small Finance Bank Limited is established in the banking and financial services industry. The bank, incorporated on July 24, 2006, is noted as the fourth...

Promoter to Exercise Oversubscription Option for NHPC Limited Equity Shares Offer NHPC Limited is set to undergo a substantial offer for sale (OFS) of its equity shares by its promoter, the President of India, acting through the Ministry of Power, Government of India. The promoter intends to exercise the Oversubscription Option, resulting in a total offer size of 60,27,02,088 Equity Shares, representing 6.00% of the company’s total paid-up equity share capital as of March 31, 2026.The initial proposal included a Base Offer Size of 3.00% of the paid-up equity share capital, equivalent to 30,13,51,044 Equity Shares. By exercising the Oversubscription Option, the total offer size increases to include up to an additional 30,13,51,044...

Advait BESS Secures 150 MW/300 MWh Standalone Energy Storage Project with GUVNL Advait BESS Bhesaan Private Limited, a subsidiary of Advait Energy Transitions Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreement covers the development of a standalone Battery Energy Storage System (BESS) Project with an aggregate capacity of 150 MW/300 MWh.The BESPA was executed on June 1, 2026. This transaction follows a tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, which was supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).Under the terms of the agreement, Advait BESS Bhesaan Private Limited will...

Hexaware Enhances Agentverse™ AI Platform with Advanced Governance and Scaling Capabilities Hexaware Technologies, a global provider of IT solutions and services, has announced significant governance, development, and lifecycle management enhancements to Agentverse™, its enterprise AI agent platform. These updates aim to help businesses overcome major hurdles associated with deploying and scaling AI, moving organizations beyond experimental pilot phases toward achieving tangible, scalable outcomes.The enhancements address the growing challenge faced by enterprises—remaining stuck in pilot programs due to difficulties in securely scaling AI operations, effectively governing AI processes, and ensuring alignment with core business...