Markets

Magellanic Cloud's Subsidiary Wins INR 4.31 Crore Contract for Railway CCTV Surveillance Magellanic Cloud Limited has announced that its wholly-owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from the South Western Railway, Hubli Division. The contract awards an aggregate value of INR 4.31 Crore Approx.The project involves the provision of CCTV at 75 Non-Interlocked Manned Level Crossing Gates over the Hubli Division. The comprehensive scope of work encompasses the supply, installation, testing, and commissioning of CCTV/Video Surveillance Systems, networking and telecom infrastructure, and the integration of monitoring systems. Additionally, the project requires power backup arrangements...

K. V. Toys India Ltd to Hold Board Meeting to Consider Investment in New Entity K. V. Toys India Ltd announced that its Board of Directors is scheduled to meet on Friday, June 5, 2026, at 5:00 PM IST. The meeting is slated to consider and approve a significant investment proposal for the company.The primary focus of the board session will be the consideration and approval of an investment in a new entity. This investment will be executed either through the subscription or acquisition of equity shares, or other specified securities. The company noted that this investment proposal is subject to the applicable provisions of the Companies Act, 2013, and any other required approvals.The details regarding the meeting were communicated by...

Karnataka Bank Partners with Tobacco Board to Offer Specialized Financial Solutions to Karnataka's Tobacco Growers Karnataka Bank has forged a strategic partnership with the Tobacco Board, Government of India, aimed at delivering customized financial solutions to registered tobacco growers across Karnataka. The initiative was formally launched on May 29, 2026.Under this collaboration, the bank will implement a dedicated suite of banking and credit facilities. These specialized services are designed specifically to address the financial requirements of tobacco farmers registered with the Tobacco Board. The partnership aims to promote financial inclusion, ensure timely access to credit, and support the sustainable growth of the...

Unihealth Hospitals Achieves Milestone with First Robotic Total Knee Replacement in Navi Mumbai Unihealth Hospitals Limited has announced a major milestone in its commitment to advanced healthcare, successfully completing the first Robotic Total Knee Replacement Surgery at its UMC Hospitals facility in Navi Mumbai. This achievement signifies a new era of precision-driven orthopaedic care at the institution, reinforcing the group's dedication to introducing world-class medical technology to the region.The robotic-assisted knee replacement procedure was successfully executed by the expert orthopaedic team at UMC Hospitals. The use of state-of-the-art robotic technology was designed to provide greater surgical precision, enhanced implant...

SBC Exports Launches F-Route Clothing, Expanding into Direct-to-Consumer Market SBC Exports Limited has officially launched the digital platform and website for its new clothing brand, F-Route Clothing. The launch marks a significant strategic transition for the company, enabling it to enter the direct-to-consumer (D2C) segment through the dedicated online platform at https://frouteclothing.com/.Historically, SBC Exports Limited has built its reputation on large-scale textile manufacturing, corporate supply, and export operations operating out of Mirzapur and Sahibabad. The establishment of F-Route Clothing signals the company’s expansion beyond conventional trading operations and into a technology-enabled, consumer-facing brand...

PS IT Infrastructure & Services Ltd to Host Second Committee of Creditors Meeting on June 4, 2026 PS IT Infrastructure & Services Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), announced the details for the Second Meeting of its Committee of Creditors (CoC). The meeting is scheduled for Thursday, June 4, 2026, at 03:30 PM.The meeting will be conducted in a Hybrid mode, allowing participation both physically at C-60, 3rd Floor, C-Block Community Centre, Janak Cinema Complex, Janak Puri, New Delhi, and through Video Conferencing.The company’s Insolvency Commencement Date was April 29, 2026. Rajneesh Kumar Aggarwal, Resolution Professional, is facilitating the process.Key Stakeholders and...

RBI Auctions Command Full Allocation of State Bonds, Yields Remain Tightly Managed at 7.7% The Reserve Bank of India (RBI) conducted a yield/price based auction of State Government Securities (SGS) on June 2, 2026. The auction demonstrated robust market appetite, with all allocated bonds achieving full acceptance across multiple states. The seamless demand underscores strong investor confidence in state fiscal stability and robust liquidity in the fixed-income market.The central bank's auction proceedings saw a total allocation of ₹ 24,100 Crore. This impressive inflow validates the continuous appetite among institutional investors for predictable, safe yield sources offered by state governments.RBI Auction Performance: Full Demand...

Takyon Networks Ltd Secures Work Order Worth Rs. 99,67,932 from Bharat Sanchar Nigam Limited Takyon Networks Ltd has been awarded a significant work order for a Maintenance Contract (AMC) from Bharat Sanchar Nigam Limited (BSNL). The contract involves the maintenance of equipment and connectivity services at 117 Jail and courts.The work order, which originates from a domestic entity, covers the AMC of Equipment and connectivity. The operational period for the contract is stipulated from September 30, 2025, to September 29, 2026.The total consideration for the contract has been specified as Rs. 99,67,932.00. This work order is categorized as a domestic contract and is expected to be executed over a period of 12 months. The contract...

Shelter Pharma Ltd Secures Renewal of Manufacturing Licence for Ayurvedic Products Shelter Pharma Ltd has received a critical Renewal Manufacturing Licence (Form 25D) for its Ayurvedic operations. The renewal, granted by the Food & Drugs Control Administration (Ayurved), Government of Gujarat, allows the company to continue the manufacture and sale of Ayurvedic, Siddha, and Unani Drugs.The manufacturing facility responsible for the products is located at Near S.T Bus Stand, Himatnagar - 383001 Gujarat.The newly renewed licence is valid until September 2030. The company stated that this renewal ensures the uninterrupted continuation of its manufacturing operations.Management expressed that the secured licence reflects the company's...

Munjal Showa Ltd Fixes Record Date for Final Dividend for FY 2025-26 Munjal Showa Ltd, a manufacturer of World Class Struts, Shock Absorbers, Front Forks, and Gas Springs-Window Balancers in collaboration with Astemo Limited (formerly known as Hitachi Astemo Limited), has announced the record date for determining eligibility for its final dividend for the financial year 2025-26.The Board of Directors has fixed Wednesday, August 05, 2026, as the record date for the purpose of the dividend.The final dividend payout for the financial year 2025-26 will be subject to the approval of the shareholders at the ensuing 41st Annual General Meeting (AGM).The company provided the following details regarding the dividend eligibility...

Independent Director Mr. Deepak Jain Resigns from Talbros Automotive Components Limited Talbros Automotive Components Limited has announced the resignation of Mr. Deepak Jain from the position of Independent Director. Mr. Jain’s resignation is effective from the close of business hours of June 1, 2026.The company confirmed that Mr. Jain tendered his resignation citing other professional commitments and time constraints. During the resignation process, it was further confirmed that there are no other material reasons for his departure other than those stated in his letter.The details of Mr. Deepak Jain, who holds DIN: 00004972, include significant directorships in other listed entities and various committee chairpersons roles...

Lakshmi Electrical Control Systems Receives Show Cause Notices from GST Authorities Lakshmi Electrical Control Systems Limited (LAKSELEC) has reported the receipt of two Show Cause Notices (SCN) from the Office of the Assistant Commissioner, GST, concerning the company's tax compliance. Both notices pertain to different financial years: 2022-2023 and 2023-2024.The company confirmed that the expected financial implications of both notices do not constitute a material impact on its financials, operations, or other activities.The notices were received on May 7, 2026, and address various compliance issues, including short payment of tax under RCM, and requirements for documentary proof related to exempted, nil-rated, and non-GST...

Gufic Biosciences Subscribes to Shares of Saraswat Bank to Meet Linkage Requirements Gufic Biosciences Limited confirmed its subscription to additional shares of Saraswat Co-operative Bank Limited, detailing the rationale behind the share transaction. The move is structured to comply with share linkage requirements applicable to borrower members of Saraswat Bank, and the company stated the transaction does not constitute an acquisition of ownership stake or a strategic investment in the bank.Saraswat Bank, which operates as a Multi-State Co-operative Bank, is governed by the Multi-State Co-operative Societies Act, 2002, and associated regulations. As informed by the bank, its borrower members are required to maintain specific share...

Innomet Advanced Materials Secures Export Order from Scope Metals Group Ltd., Israel Innomet Advanced Materials Limited has secured a significant export purchase order from Scope Metals Group Ltd. of Israel. The contract, bearing No. 4600051964, involves the supply of specialized metallurgical products, specifically Tungsten Alloy Sintered Plates and Tungsten Sintered Test Cubes.The total consideration for the order is valued at USD 222,290, which is approximately Rs. 2 Crores, subject to prevailing exchange rate variations. The delivery of the goods is scheduled on or before September 22, 2026, as stipulated by the terms of the Purchase Order.The order represents an international transaction, classifying it as an Export Purchase...

S J Logistics Reports Allotment of Equity Shares Following Warrant Conversion S J Logistics (India) Limited announced on June 2, 2026, that its Board of Directors approved the allotment of equity shares resulting from the conversion of warrants. The allotment was executed on a preferential basis to a promoter category individual.The Board resolved to allot 1,25,000 equity shares by converting 1,25,000 warrants. The allotment was priced at ₹576/- (Rupees Five Hundred Seventy Six only) per share, which includes a premium of ₹566/-. The allotment was made upon the receipt of funds aggregating to ₹5,40,00,000/- (Five Crore Forty Lakhs only), representing 75% of the issue price per warrant.The details of the allotment made to the...

Magellanic Cloud Subsidiary Secures ₹ 9.72 Crore Contract for CCTV Surveillance at East Coast Railway Magellanic Cloud Ltd's wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from East Coast Railway, Sambalpur Division. The contract involves the critical deployment of CCTV surveillance systems across the Sambalpur Division of East Coast Railway.The awarded contract, valued at an aggregate of ₹ 9.72 Crore, focuses on enhancing monitoring, safety, and security by deploying CCTV surveillance systems at 91 manned noninterlocked Level Crossing (LC) Gates within the Sambalpur Division.This new order is positioned as a significant milestone for the company's involvement in railway...

Spice Lounge Food Works: Share Price Movement Attributed Purely to Market Forces Spice Lounge Food Works Limited, formerly known as Shalimar Agencies Limited, has issued a clarification regarding recent movements in its shares. The company stated that the price fluctuations observed in the shares are purely market driven.In addressing inquiries regarding the significant price movement of its shares, the company confirmed that there is no undisclosed material information or impending announcement that it believes may have a bearing on the price behavior of the Company's shares.Spice Lounge Food Works Limited reiterated its commitment to keeping the market informed. The company affirmed that it will continue to provide necessary...

Betala Global Securities Ltd Holds 31st AGM; Key Resolutions Passed with Majority Betala Global Securities Ltd conducted its 31st Annual General Meeting (AGM) on July 17, 2025. The meeting was held via Video Conferencing (VC)/Other Audio Visual Means (OAVM) and concluded at 11:15 a.m. (IST).The AGM proceedings commenced with the presence of the Directors and Chairman of the Board Committees (Audit, Nomination and Remuneration, Stakeholders Relationship Committees). Mr. Roop Chand Betala, Chairman of the Board and the Company, chaired the meeting. Attendees included Mr. C. Ramachandran, Partner at M/s. CRBS & Associates LLP, Chartered Accountants, serving as the Statutory Auditor, and Ms. Priya Shah, Proprietor of M/s. Priya Shah &...

Zenith Drugs Limited Receives Export Order Valued at ₹75 Lakhs from Mauritius Zenith Drugs Limited announced that it has secured an export order from the Ministry of Health and Wellness, Government of Mauritius. The order, reported on June 02, 2026, is valued at approximately ₹75 Lakhs for the supply of pharmaceutical products.The receipt of this order highlights the continued trust placed in Zenith Drugs Limited's quality standards and manufacturing capabilities in international markets.The successful securing of this export mandate strengthens the company's global presence and international business portfolio. Zenith Drugs Limited stated that it remains committed to delivering high-quality pharmaceutical products while continuing...

Sylph Industries Board Approves Appointments and Conducts E-Voting via Board Meeting Sylph Industries Limited conducted its Board of Directors meeting on June 2, 2026. The meeting was held at the registered office of the company, commencing at 12:30 P.M. and concluding at 01:30 P.M.During the session, the Board addressed several key corporate actions, including the preparation for a Postal Ballot conducted through e-voting to obtain approval from the company's members.The primary transactions and decisions taken by the Board include:Executive-Managing Director Appointment: The Board approved the consideration and appointment of Mr. Hasmukh Nanalal Shah (DIN: 00398666) as the Executive-Managing Director of the Company. Scrutinizer...