Markets

Kaushik Joshi Group to Acquire 50% Stake in Trio Mercantile & Trading Ltd at ₹1.25 Per Share Kaushik Jagannath Joshi and associated persons plan to acquire a controlling 50% stake in Trio Mercantile & Trading Limited. The proposed acquisition involves acquiring 3,39,68,300 fully paid Equity Shares of the Target Company at an offer price of ₹1.25 each.The offer is made by Kaushik Jagannath Joshi (Acquirer) along with Amita Kaushik Joshi (PAC 1), Krishna Kaushik Joshi (PAC 2), Radhika Kaushik Joshi (PAC 3), and M/s. Joshi Kaushikkumar Jagannath HUF (PAC 4).The Acquirer and the associated parties entered into a Share Purchase Agreement on May 26, 2026. As part of this agreement, they have also agreed to acquire 32,66,558 fully paid-up...

Carysil Limited Subsidiary, Carysil Ceramictech Limited, Voluntarily Struck Off CARYSIL LIMITED has confirmed that its wholly owned subsidiary, Carysil Ceramictech Limited, has been struck off the Register of Companies. The action was completed by the Registrar of Companies, Mumbai, with effect from June 01, 2026.Following this corporate restructuring, Carysil Ceramictech Limited ceased to be a wholly owned subsidiary of Carysil Limited as of June 01, 2026.The operational details related to the disposal of the subsidiary were noted in the accompanying records. As the subsidiary had not commenced operations since its incorporation, the filings indicated that there was no turnover, revenue, income, or net worth contribution during the...

Cochin Shipyard Limited Extends Additional Charge of Chairman & Managing Director Cochin Shipyard Limited (CSL), a Government of India Category-1 Miniratna Company under the Ministry of Ports, Shipping and Waterways, has announced an extension for the additional charge of the post of Chairman & Managing Director (CMD).The Ministry of Ports, Shipping and Waterways, Government of India, communicated on June 01, 2026, the approval for extending the additional charge of the CMD. This charge was entrusted to Shri Jose V J, Director (Finance).The extension follows the retirement on superannuation of the then Chairman & Managing Director, Shri Madhu Sankunny Nair.The competent authority approved the extension for a further period of 3...

Shree Securities Ltd Shifts Registered Office to Kolkata Shree Securities Ltd has confirmed a change in its registered office location, following a decision made by its Board of Directors. The transition is effective immediately, from June 1, 2026.The Board meeting on June 1, 2026, accorded consent to shift the company's registered office. The shift moves the location from Office No. 427, Rangoli Forum Mall, 212, Girish Ghosh Road, Belur, Howrah- 711202, West Bengal, India.The new registered office address for Shree Securities Ltd will be 41/A Tara Chand Dutta Street, 2nd Floor, Kolkata-700073.The Board of Directors meeting convened on this date, commencing at 4:00 P.M. and concluding at 4:30 P.M. The change in the registered...

VIP Industries Launches 'Travel VIP' Campaign with Three New Collections for Modern Travellers VIP Industries Limited, through its flagship consumer brand VIP, has launched the 'Travel VIP' campaign. This new initiative introduces three distinct luggage collections—VIP Classic, VIP Flex, and VIP Pod—engineered to meet the evolving requirements of the modern Indian traveller. The campaign positions the brand as a design-led, functionally intelligent choice in the luggage category.Conceptualized by McCann India, the campaign marks a new chapter for the iconic brand, utilizing cinematic product films to showcase the collections with bold color palettes and aspirational settings.Atul Jain, Managing Director of VIP Industries Ltd...

Gujarat Energy Announces Revised Standalone and Consolidated Financial Results for FY2026 Gujarat Energy Limited (formerly Gujarat Gas Limited - GGL) has released its revised financial results for the quarter and year ended March 31, 2026. The company issued the clarification confirming that an earlier filing inadvertently displayed Profit After Tax (PAT) instead of the required Profit Before Tax (PBT) figures in the standalone Segment-wise Financial Details.The revised financial results incorporate the correct Profit Before Tax (PBT) figures for the Segment-wise Details. The company noted that this revision only pertains to the display of PBT figures in the Segment-wise Statement and does not alter the actual financial results or...

IndiQube Signs ₹52 Crore Workspace Deal with Leading Consulting Firm in Bengaluru Bengaluru, India, 1st June 2026: IndiQube Spaces Limited, a leading tech enabled workspace solutions platform, announced the signing of a ₹52 crore workspace deal. This transaction involves a leading consulting and management services company and secures a five-year tenure in Yelahanka, North Bengaluru.The deal is substantial, covering over 700 seats and marks a significant enterprise mandate for IndiQube in one of Bengaluru's rapidly expanding commercial corridors. This agreement underscores a larger trend observed within India's office market, where consulting, professional services, and knowledge led enterprises are increasingly seeking workspaces...

Strides Pharma Science Confirms Scheme of Demerger Effective Date for Arco Lab and Pivot Path Strides Pharma Science Limited confirmed that the Scheme of Demerger involving Arco Lab Private Limited and Pivot Path Private Limited has become effective. The demerger, concerning the identified business of Arco Lab to Pivot Path, became effective from June 1, 2026.The Company stated that following the approval granted by the National Company Law Tribunal, Bengaluru Bench (NCLT), the scheme was finalized. This operational status was established after a certified copy of the NCLT Order approving the Scheme of Demerger was received on May 25, 2026.The key details regarding the demerger include the following timeline and participants...

Fino Payments Bank Partners with Ezee.ai to Build AI-Powered Lending Ecosystem for SFB Transition Fino Payments Bank Limited announced a strategic partnership with Ezee.ai, a move designed to establish a sophisticated lending ecosystem and facilitate the bank's transition into a Small Finance Bank (SFB).The collaboration marks a significant milestone in Fino Payments Bank's SFB implementation journey. Through this partnership, the bank will deploy several advanced systems, including an AI-enabled Loan Origination System (LOS), a Business Rules Engine (BRE), and a Collections Management Platform.Ketan Merchant, Interim CEO of Fino Payments Bank, emphasized the bank's long-term vision. He stated that the bank aims to build a...

Brahmaputra Infrastructure Reports Strong FY26 Performance; Revenue Surges 50.9%, Order Book Exceeds ₹ 1,600 Cr Brahmaputra Infrastructure Limited, an experienced infrastructure EPC company operating across roads, highways, railways, and urban infrastructure, today announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The results highlight a robust performance, with revenue surging 50.9% and Profit After Tax (PAT) nearly doubling to ₹ 59.61 crore.The company ended the financial year with an order book exceeding ₹ 1,600 crore, providing strong visibility for continued growth.Key Financial Highlights (Standalone & Consolidated) Brahmaputra Infrastructure presented strong year-on-year growth...

PNC Infratech Secures Rs 194.40 Crore Contract for Lucknow Flyover Construction PNC Infratech Limited has announced the receipt of a Letter of Acceptance (LOA) from the Lucknow Development Authority, Uttar Pradesh. The contract pertains to the construction of a 4 Lane Flyover with 2 loops and 2 ramps at the Shaheed Path Intersection, on the RHS bank of the Gomti River in Lucknow.The LOA, dated May 27, 2026, awards the company a substantial contract valued at Rs 194.40 Crore (Rupees One Hundred Ninety Four Crore and Forty Lakhs only), exclusive of GST. PNC Infratech received the LOA on June 1, 2026.The contract mandates the execution of the project on an Engineering, Procurement and Construction (EPC) basis. The projected timeline...

AIONOS and Black Box Form Strategic Alliance to Scale AI-Led Infrastructure Black Box Limited, a global digital infrastructure integrator, and AIONOS, an AI-native enterprise technology company, have announced a strategic alliance aimed at accelerating AI transformation for enterprises. The partnership is designed to guide organizations through the entire journey, from core infrastructure build-out to achieving measurable business outcomes using applied AI.The alliance combines Black Box’s deep expertise in digital infrastructure—including data centers, network connectivity, modern workplace solutions, and managed services—with AIONOS’s applied AI platforms and domain-led solutions. This synergy enables organizations to build, deploy...

Tata Elxsi to Hold 37th Annual General Meeting; Dividend Details Announced Tata Elxsi Limited has announced the details for its Thirty-Seventh (37th) Annual General Meeting (AGM) and the record date for determining dividend entitlement for the financial year ended March 31, 2026.The company's 37th AGM is scheduled to take place on Wednesday, June 24, 2026. Members will be able to attend the meeting via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The Board of Directors, at a meeting held on April 21, 2026, recommended a dividend of Rs. 75/- per equity share. This dividend proposal, subject to approval by the members at the AGM, carries a significant yield of 750% against the share's face value of Rs. 10 each.Key...

Saroj Kumar Choudhury Launches Open Offer for Oxford Industries Ltd, Targeting 26% Stake Mr. Saroj Kumar Choudhury has initiated an open offer to acquire a significant stake in Oxford Industries Limited (OIL). The offer aims to acquire up to 15,45,271 Equity shares, representing 26.00% of the Target Company's fully paid-up equity and voting share capital, at a fixed price of Rs. 5/- (Rupees Five Only) per share. The open offer period is scheduled to open on Friday, June 12, 2026, and close on Thursday, June 25, 2026.The transaction follows an initial agreement for substantial acquisition through a Share Purchase Agreement (SPA).Details of the Initial Share Purchase Agreement The open offer is necessitated by Mr. Choudhury's intended...

Delta Autocorp Limited Announces Financial Results for H2 FY26 and FY26, Highlighting EV Growth Delta Autocorp Limited, an emerging player in India's electric mobility segment, has announced its Audited Financial Results for the half year (H2 FY26) and the full year (FY26) ended March 31, 2026.The broader electric mobility ecosystem in India continues to evolve, driven by increased adoption of clean transportation solutions and growing acceptance of electric vehicles across personal and commercial sectors. Against this backdrop, Delta Autocorp continued to strengthen its operational capabilities, product portfolio, and market presence throughout FY26.The company focused on disciplined execution, continued profitability, product...

Silky Overseas Limited Board Approves Availing WCTL from Bank of Baroda Silky Overseas Limited announced that its Board of Directors approved the continuation of availing Working Capital Term Loan (WCTL) funding. The decision was taken during a Board meeting held on June 01, 2026.The Board considered and approved the facility amounting to ₹4,69,00,000/- (Rupees Four Crores and Sixty Nine Lakhs Only). The funding is available under BGECLS 5.0 from Bank of Baroda, SME Branch, New Delhi, and is subject to the terms outlined in the bank's sanction letter.The meeting of the Board of Directors commenced at 03:00 P.M. and concluded at 03:30 P.M., during which time the financing approval was among the key items considered and sanctioned...

Dhampur Bio Organics Announces Resignation of Vice President Bottling Operations Dhampur Bio Organics Limited has announced the resignation of Mr. Rakesh Agarwal from his position as Vice President Bottling Operations. Mr. Agarwal submitted his resignation on May 31, 2026, citing personal reasons for his departure.The change in senior management personnel was effective from the close of business hours on May 31, 2026.The key details regarding Mr. Agarwal's resignation are summarized below:ParticularsDetailsReason for ChangeResignationEffective Date of CessationClose of business hours of May 31, 2026PositionVice President Bottling OperationsMr. Agarwal confirmed his resignation in a letter addressed to the Managing...

Hindustan Organic Chemicals Ltd Extends Phenol Plant Shutdown in Kochi for Major Maintenance Hindustan Organic Chemicals Ltd (HOCL) has announced the extension of the temporary shutdown of its Phenol Plant located in Kochi, Kerala. The closure, which initially commenced on May 23, 2026, will continue until further intimation.The extended operational shutdown is required to facilitate essential industrial activities and maintenance. Specifically, the company stated that the downtime is necessary to conduct statutory testing of the BPCL LPG supply cross-country pipeline and to undertake crucial shutdown-related maintenance activities across various equipment and pipelines.During this extended period, the Hydrogen Peroxide Plant at the...

Ricardo Elevators Targets 40 Touchpoints by 2026, Accelerating Pan-India and Global Expansion Ricardo Elevators, the home elevator brand associated with L.T. Elevator Limited, is significantly accelerating its physical and international footprint. The company has set an ambitious target of achieving 40 customer touchpoints by December 2026, solidifying its position as a leading home elevator provider across India and global markets.The rapid scaling includes opening new Experience Centres in high-growth Indian markets and securing major regulatory clearances and market entry points in Oceania, the Middle East, and Southeast Asia.Expanding Operational Footprint in India The brand is building a comprehensive omni-channel home elevator...

Shree Refrigerations Limited to Launch Advanced Facility to Boost Defence HVAC&R Capabilities Shree Refrigerations Limited (SRL), a prominent Indian manufacturer of advanced refrigeration and HVAC systems focusing on the defence sector, is set to launch a new manufacturing facility in Karad, Satara district, Maharashtra. The inauguration of the state-of-the-art unit is scheduled for June 20, 2026.The new facility represents a significant expansion of SRL’s manufacturing footprint, adding 50,000 square feet to the company’s operations. Developed across 6 acres, the unit is equipped with advanced machinery and complete backward integration capabilities. It features specialized installations including robotic welding, laser cutting...