Markets

VIP Industries Limited Discontinues Sales of 'CARLTON' Brand Inventory Following Supreme Court Directions VIP Industries Limited announced that it has stopped and discontinued the sale of products under the 'CARLTON' brand, effective June 1, 2026. This action is in compliance with the directions received from the Supreme Court of India.The company's operational update stems from the Supreme Court of India's order, which was passed on August 1, 2025. This order addressed the special leave petition filed by the company against an earlier order from the Delhi High Court. Under the Supreme Court's allowance, VIP Industries was permitted to deal with the inventory of products under the 'CARLTON' mark, subject to specific terms. The Court...

NHPC Limited to Undertake Offer for Sale of Equity Shares by Ministry of Power The Ministry of Power, Government of India, has proposed an Offer for Sale (OFS) of a stake in NHPC Limited through the stock exchange mechanism. The sale is being conducted by the President of India, acting through the Ministry of Power, as the promoter of the company.The initial base offer proposes the sale of 3.00% of the Company's paid-up equity, equivalent to 30,13,51,044 equity shares of face value of ₹10 each.Offer Size and Structure The Offer details a primary Base Offer Size, along with two potential additional tranches:1. Oversubscription Option (Green Shoe): The seller has the option to sell up to 30,13,51,044 equity shares, which, if...

Lemon Tree Hotels Limited Mutually Terminates Franchise Agreement for Bareilly Hotel Lemon Tree Hotels Limited announced the mutual termination of a franchise agreement previously executed with M/s. Sparsh Inn LLP. The agreement, which had been signed on May 10, 2024, related to the use of the 'Keys Select by Lemon Tree Hotels' brand for a proposed upcoming hotel located in Bareilly, Uttar Pradesh.The company stated that the aforementioned hotel was not operational at the time of the agreement termination. Lemon Tree Hotels Limited confirmed that the termination of the franchise agreement will have no material financial impact on the company.LEMONTREE Stock Price Movement Today, Lemon Tree Hotels Limited shares slipped by 1.74% to...

Prime Cable Industries Limited Secures BIS License for Aluminium Alloy Stranded Conductors Prime Cable Industries Limited has successfully obtained a specialized license from the Bureau of Indian Standards (BIS) for the manufacturing of Aluminium Alloy Stranded Conductors. This certification covers the Aluminum-Magnesium-Silicon type for overhead power transmission purposes, specifically for sizes up to and including 604 sq.mm (Actual Aluminium Area).The acquired license, designated IS 398:PART 4: 1994, validates the company’s manufacturing capabilities for high-grade electrical infrastructure components. The license is valid until 29/05/2031.The BIS certification significantly enhances the company's product reliability and market...

Cantabil Retail India Limited Opens Four New Showrooms in May 2026 Cantabil Retail India Limited announced significant expansion in its retail network, confirming the opening of four new showrooms and shops across various locations in India during May 2026.The company's operational update reveals that following these recent additions, the total number of showrooms and shops operated by Cantabil Retail India Limited now stands at 662.The expansion highlights the company's continued growth strategy within the Indian market. The key figures detailing the expansion are as follows:MetricDetailNew Showrooms Opened4Period of OpeningMay 2026Total Operational Showrooms662CANTABIL Stock Price Movement Shares of Cantabil...

Chandan Healthcare Reports FY26 Total Income of ₹ 280.67 Cr, EBITDA of ₹ 56.84 Cr, and PAT of ₹ 27.06 Cr Lucknow, India, May 28, 2026 - Chandan Healthcare Limited, a leading diagnostics provider with a Pan India presence, today announced its audited financial results for the fourth quarter (Q4) and the full fiscal year (FY26) ended March 31, 2026.The financial results indicate significant growth across key operational metrics. The company reported a Total Income of ₹ 280.67 Cr for FY26, alongside an EBITDA of ₹ 56.84 Cr and a Profit After Tax (PAT) of ₹ 27.06 Cr.Consolidated Financial Performance The company's performance highlights demonstrate robust year-on-year growth. The key financial figures for FY26 versus FY25 are detailed...

Supreme Power Equipment Reports FY26 Performance; Consolidated Revenue Rises 21.78% to ₹ 182.10 Cr Chennai, June 1, 2026 - Supreme Power Equipment Limited (NSE - SUPREMEPWR), a leading manufacturer in the power and distribution transformer industry, today announced its audited financial results for the second half (H2) and full year (FY26) ended March 31, 2026.The company reported strong financial performance, with consolidated total revenue rising 21.78% year-over-year (YoY) to ₹ 182.10 Cr. Consolidated net profit reached ₹ 20.44 Cr.Financial Highlights The financial results reveal significant year-on-year growth across key metrics. According to the provided data, the consolidated performance across the financial years is as...

MOIL Revises Manganese Ore Prices for June 2026; Key Grades See 5% to 10% Drops MOIL Limited, a Government of India Enterprise, has revised the prices for various grades of Manganese Ore and associated products, effective from June 1, 2026. The adjustments relate to the pricing structure for the quarter April to June 2026, specifically impacting the rates for the month of June 2026.According to the updates, multiple grades of manganese ore saw price changes, with rates decreasing for several categories.The company issued details concerning the fixing and revision of prices for different grades, noting the following changes:Major Price Adjustments for June 2026:High-Grade Ferro Ore: Prices for all Ferro grades of manganese ore...

Anupam Rasayan to Launch Open Offer for Bliss GVS Pharma Limited Anupam Rasayan India Limited has announced a mandatory Open Offer for the public shareholders of Bliss GVS Pharma Limited. The Open Offer is being conducted in compliance with regulations governing substantial acquisitions of shares.The mandatory Open Offer, managed by SBI Capital Markets Limited, is for the acquisition of up to 2,77,26,848 fully paid-up equity shares of Bliss GVS Pharma Limited. This quantity represents 26.00% of the company’s Expanded Voting Share Capital.The offer has been priced at ₹ 299.00 per Offer Share. Should the Acquirer receive full acceptance of the Open Offer, the total consideration payable would be up to ₹ 8,29,03,27,552.00.Underlying...

Zodiac-JRD-MKJ Announces Subsidiary VEM Plastic Molding as Material Subsidiary Zodiac-JRD-MKJ Limited has announced that its subsidiary, M/s. VEM Plastic Molding Private Limited, has been determined to be a Material Subsidiary of the company. The determination was based on the audited financial statements for the Financial Year ended March 31, 2026.A subsidiary is classified as a Material Subsidiary if its turnover or net worth exceeds ten percent of the consolidated turnover or net worth, respectively, of the listed entity and its subsidiaries in the immediately preceding Financial Year.Zodiac-JRD-MKJ Limited confirmed that based on the audited financial statements of VEM Plastic Molding Private Limited and the audited consolidated...

RBI Boosts Citizen Services: How the Central Bank Handled 18,763 Applications in May 2026 RBI’s May 2026 Performance: Analyzing Citizen’s Charter Submissions The Reserve Bank of India (RBI) released a comprehensive summary detailing its performance under the Citizen's Charter for May 2026. The data highlights the substantial volume of applications processed, reaffirming the RBI's commitment to maintaining transparent and efficient regulatory services.In May, the total workload managed was 18,763 applications. This figure comprises applications pending at the start of the month (2,473) and those newly received (16,865), after deducting 575 applications referred back to the original applicants for necessary information.The core metric...

KCL Infra Projects Ltd Announces Financial Results for the Quarter and Year Ended March 31, 2026 KCL Infra Projects Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. The company confirmed that its Statutory Auditors, SCAN & Co., issued an Unmodified Opinion on the audited standalone financial results for the period.The company provided several details regarding the audit and the financial statements, including analyses of significant operational changes and compliance matters.Key Audit Findings and Matters In their audit report, the statutory auditors highlighted several key audit matters, indicating areas of most significance during the audit process.One key matter concerned the...

Borana Weaves Limited Approves Change in Registered Office and Key Managerial Personnel Transition Borana Weaves Limited announced key operational updates following a Board of Directors meeting held on June 1, 2026. During the meeting, the board considered and approved significant changes regarding the company’s key managerial personnel and its official registered office address.The Board of Directors formally approved the resignation of Ms. Seema Luniya from the position of Company Secretary and Compliance Officer, who serves as Key Managerial Personnel (KMP). Ms. Luniya's resignation is attributed to an opportunity for career growth and professional advancement. The cessation of her role was effective from the close of working hours...

IVP Limited Reports Sales Employee Taken Into Custody Following Fraud Investigation IVP Limited has provided an update regarding the fraud committed by a sales employee, confirming that the accused, Mr. Ravi Ranjan Jha, has been taken into custody by the police for further investigation.The company confirmed that the fraud initially involved Mr. Ravi Ranjan Jha, a sales employee, against whom a First Information Report (FIR) was filed at the Byculla Police Station in Mumbai.According to the latest update, the police have taken Mr. Jha into custody, signaling continued investigation into the matter.The core details pertaining to the incident and the company's response are as follows:DetailValuePerson InvolvedMr. Ravi Ranjan...

Open Offer Update for Supreme Infrastructure India Limited Highlights Uncertainty Over Completion Supreme Infrastructure India Ltd's Open Offer is facing continued uncertainty as the Offer Manager reports challenges in securing necessary confirmations from the Acquirers and Persons Acting in Concert (PACs).According to the manager to the offer, the Securities and Exchange Board of India (SEBI) issued its final observations letter dated May 25, 2026. This letter directed the Acquirers and PACs to proceed with and complete the Open Offer. The acquisition targeted involves 3,09,00,665 equity shares, representing 26% of the fully diluted voting share capital of the Target Company.The manager stated that despite continuous engagement and...

Ola Electric Mobility to Initiate Equity Share Placement with Floor Price of ₹37.74 Ola Electric Mobility Ltd. confirmed the details of a planned qualified institutions placement of equity shares, reporting that the company's Fund Raising Committee approved key parameters for the fund raise. The committee finalized the arrangements for the placement, which involves eligible qualified institutional buyers.The placement aims to secure funds through the subscription of Equity Shares, which have a face value of ₹10 each.The decision to move forward with the issue was supported by the Company’s Board of Directors, which accorded approval on October 25, 2025. Furthermore, the Company members passed a special resolution on November 27...

Firstsource and AppliedAI Report Transformational AI Outcomes in Healthcare and Education Workflows Firstsource Solutions Limited, a global intelligence partner, has reported measurable outcomes from its strategic partnership with AppliedAI, confirming the successful deployment of joint AI solutions in complex industry workflows. These results demonstrate significant gains in efficiency, including processing time reductions of over 95% and throughput increases up to 10x in live operational environments.Firstsource Solutions Limited (NSE:FSL, BSE:532809) announced the findings on June 1, 2026, detailing outcomes six months after the company made a strategic equity investment in AppliedAI, an enterprise AI workflow automation company...

Armour Security (India) Limited Announces Audited Financial Results for FY 2026 and Half Year 2026 Armour Security (India) Limited announced the approval of its audited Standalone Financial Results for the half year and the full financial year ended March 31, 2026. The Board of Directors considered and approved these results during its meeting held on May 30, 2026.The Company released the financial results, which were also audited by the Statutory Auditors. The auditors confirmed that the Statement of Annual Financial Results provides a true and fair view of the Company’s net profit and other financial information for both the half year and the full year ended March 31, 2026.Financial Highlights for March 31, 2026 The audited...

Government of India Unveils ₹5 Corporate Stamp Honoring Tejmal Ji Mangal’s 84-Year Business Legacy Ahmedabad, June 1, 2026: In a significant recognition of a prominent Gujarat business legacy, the Government of India unveiled a ₹5 Corporate Stamp. This commemorative stamp honors Late Shri Tejmal Ji Mangal, whose entrepreneurial vision established the foundation of the Mangal Family business on June 1, 1942. The stamp serves as a tribute to a business journey that has evolved into a diverse industrial legacy spanning over 84 years.The unveiling took place at the headquarters of Mangalam Global Enterprise Limited (MGEL) in Ahmedabad. Attendees at the ceremony included Mr. Vipin Prakash Mangal, Chairman of MGEL, along with members of the...

Le Merite Exports Limited Completes Sub-division of Equity Shares Le Merite Exports Limited has announced the successful sub-division of its equity shares, confirming the transaction's completion through the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).The corporate action involves splitting one equity share, which had a face value of Rs. 10, fully paid-up, into five equity shares, each having a face value of Rs. 2, fully paid-up.The sub-divided shares have been credited under the new ISIN: INE0G1L01025 by both major depositories.Transaction Details The operational data provided by the depositories details the credit and debit actions executed on May 30, 2026.NSDL...