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Chambal Fertilizers Begins Production of Weak Nitric Acid at Technical Ammonium Nitrate Plant Chambal Fertilizers & Chemicals Limited announced a key operational development regarding its new facility set up for manufacturing Technical Ammonium Nitrate. The company confirmed that production activities have begun at its existing site in Gadepan, District Kota, Rajasthan.The project involves the setup of plants for manufacturing Technical Ammonium Nitrate, alongside a plant dedicated to producing Weak Nitric Acid.The company reported that production of the intermediary product, Weak Nitric Acid (WNA), has commenced. Following this milestone, the production of Ammonium Nitrate Solution (ANS) and prilled High Density Ammonium Nitrate...

East India Drums and Barrels Manufacturing Ltd Secures Significant Additional Order from Hindustan Petroleum Corporation Limited East India Drums and Barrels Manufacturing Ltd has announced the receipt of an additional order for drums from Hindustan Petroleum Corporation Limited (HPCL). This development reinforces the company’s established business relationship with HPCL and speaks to the confidence shown in the company’s manufacturing capabilities and product quality.The additional order pertains to the supply of Drums, with specific details regarding the consignment and value provided:MetricDetailsProductDrumsAdditional Quantity93,750 Nos.Additional Order Value₹ 8,97,16,875/-The additional order significantly...

Authum Investment Pivots to Credit Business, Showcasing Strong Financial Footprint Authum Investment & Infrastructure Ltd is strategically diversifying its core operations, executing a comprehensive shift from a pure-play investment platform to a fully integrated, diversified credit and alternative assets business. This strategic re-pivot aims to establish stable, predictable cash flows alongside its long-standing investment activities.The company's journey highlights a consistent focus on value creation, transitioning from an investment portfolio to a robust credit platform. Authum, a registered NBFC, currently boasts a market capitalization of approximately Rs. 43,000 Cr (as on May 15, 2026) and holds an external rating of A...

Coal India Ltd Releases Provisional Production and Offtake Performance Data for May 2026 Coal India Ltd (CIL) has released its provisional performance data detailing the coal production and offtake of the company and its subsidiary companies for May 2026, along with the cumulative performance for May 2026.The provisional data provides a comprehensive overview of the coal output, comparing the current year's actual figures against the same period last year and showing percentage growth rates.Coal Production Performance The production data, presented in Million Tonnes, highlights the performance metrics for various subsidiaries.Subsidiary CompanyMay'26 (Actual This Year)May'26 (Actual Same Period Last Year)% GrowthApr'26 - May'26...

Coal India Limited Records Executive Director Superannuation Effective June 1, 2026 Coal India Limited announced that Shri Goutam Banerjee, Executive Director (HR), relinquished his charge upon attaining the age of superannuation. The change in senior management took effect on June 1, 2026.The company confirmed that Shri Goutam Banerjee, whose EIS number is 90051384, concluded his tenure as Executive Director (HR) effective from the stated date.The official communication confirming this management change was issued by Coal India Limited.COALINDIA Stock Price Movement Shares of Coal India Limited are edging higher to ₹472.3 as of 11:29 AM today, rallying 3.14% in live trading. The stock is seeing robust intraday activity...

AVG Logistics Submits Applications for Rights Issue of Equity Shares AVG Logistics Limited confirmed the submission of applications by specific investors for its Rights Issue of fully paid-up equity shares. The applications were submitted on the Issue Opening Date, Monday, June 1, 2026.The detailed record of applications submitted by the specific investors reflects transactions involving the renunciation and application for rights entitlement shares.The total share participation details are as follows:Name of Specific Investor (Renouncee)Name of Promoter (Renouncer)Number of REs RenouncedNumber of REs applied by the Specific InvestorSixth Sense India Opportunities IVAsha Gupta13,29,09013,29,090Sixth Sense India...

Siyaram Recycling Industries Secures Rs 95,63,900 Order for Brass Scrap Siyaram Recycling Industries Ltd has secured a noteworthy order for Brass Scrap valued at Rs 95,63,900 from Charbhuja Impex. The transaction details confirm that the order is a fixed cost nature, with the execution required within seven days.The securing of the order marks a key development for the recycling company. Charbhuja Impex is a domestic entity that awarded the contract to Siyaram Recycling Industries Ltd.The transaction does not involve related party dealings, confirming that the entire process is conducted at arm’s length.For a comprehensive overview of the secured contract, the key details are as follows:DetailDescriptionAwarding...

Bajaj Electricals Limited Receives Adverse Appellate Order on GST Input Tax Credit Disallowance Bajaj Electricals Limited has reported receiving an adverse appellate order concerning the disallowance of Goods and Services Tax (GST) Input Tax Credit for the financial year 2020-21.The adverse order, dated May 30, 2026, was issued by the Office of the Joint Commissioner of Commercial Taxes (Appeals)-1 in Bengaluru. The company reported receiving this order on May 31, 2026, noting that the appellate authority dismissed the appeal without considering the submission made by Bajaj Electricals Limited.The original issue related to an assessment order received from the Office of the Deputy Commissioner of Commercial Taxes (Audit)-1.2...

A B Cotspin India Reports Robust FY26 Results, Reflecting 31.40% Growth in Net Profit A B Cotspin India Ltd., a leading textile manufacturer with over 25 years of industry expertise, announced its Audited Standalone and Consolidated financial results for FY26. The company reported a significant 31.40% year-on-year (YoY) growth in Net Profit compared to FY25.The consolidated financial highlights demonstrate the company's operational strength and market resilience.Particulars ( ₹ Cr)FY26FY25YoY ChangeTotal Revenue301.67300.91UP by 0.25 %EBITDA42.4132.87UP by 29.04%EBITDA Margin (%)14.06%10.92%UP by 314 BPSNet Profit13.3510.16UP by 31.40 %NPM (%)4.43%3.38%UP by 105 BPSDiluted EPS ( ₹ )5.968.21Down by 27.41 %...

AJC Jewel Manufacturers Ltd Reports 173.62% Year-Over-Year Growth in Net Profit for FY26 MALAPPURAM, Kerala - June 01, 2026 - AJC Jewel Manufacturers Ltd., an integrated B2B jewellery manufacturing and technology platform, announced its audited financial results for the second half and full year of FY26.The company demonstrated significant financial growth, with its Net Profit (PAT) recording a substantial increase of 173.62% year over year, reaching ₹7.83 Crores. The improved profitability was accompanied by a robust increase in EBITDA and a strengthening EBITDA margin.According to the key financial highlights (consolidated), AJC reported the following performance metrics for FY25 and FY26:ParticularsFY25FY26YoY Comparison...

Shipping Corporation of India Announces Director Change Amid Superannuation The Shipping Corporation of India Ltd., a Government of India Enterprise, announced a change in its Board of Directors, citing the superannuation of a long-standing director and the subsequent interim arrangements for key roles.Shri Vikram Dingley has ceased his tenure as a Director (Technical & Offshore Services) on the Company's Board. His departure is attributed to superannuation, an event that was effective as of June 1, 2026.In parallel, the Ministry of Ports, Shipping and Waterways approved an interim appointment to manage the duties of the Director (T&OS) post. The additional charge for this position has been entrusted to Rear Admiral Jaswinder Singh...

Antony Waste Marks Silver Jubilee with Maiden Dividend, Posts ₹18,000 Crore Order Book Antony Waste Handling Cell Limited (AWHCL) announced its financial results for the quarter and financial year ended March 31, 2026. The announcement marked the company's 25th anniversary, celebrating two and a half decades of excellence in India’s Municipal Solid Waste (MSW) management sector.The company announced several key achievements, including a record order book valued at ₹18,000 Crore as of March 31, 2026, and a maiden dividend recommendation.Financial Highlights Consolidated financial results for the fiscal year and fourth quarter were reported, showing robust growth metrics across key revenue streams.Particulars (in ₹...

UCO Bank Announces Change in MD & CEO Tenure UCO Bank confirmed the conclusion of the tenure of Shri Ashwani Kumar as Managing Director and Chief Executive Officer (MD & CEO) of the bank. The CEO had been appointed for a period of three years vide a Government of India notification dated May 31, 2023.The bank stated that Shri Ashwani Kumar ceased his role as MD & CEO upon the successful completion of his designated tenure.The details regarding the change in the bank's management composition were provided, indicating that the cessation of duties was due to the completion of his service period.The key details related to the change are as follows:Reason for ChangeDate of CessationCompletion of tenureMay 31, 2026UCOBANK...

Baazar Style Retail Ltd Closes Two Stores in Assam and Odisha Baazar Style Retail Ltd announced the closure of two Style Baazar outlets, marking a reduction in its operational network. The company confirmed the closure of stores located at Beltola in Assam and Cuttack, Bajrakbati, Odisha.With these closures, Baazar Style Retail Ltd stated that the total number of stores currently operational stands at 274.The company, which operates under the name Baazar Style Retail Ltd (and was previously known as Baazar Style Retail Pvt. Ltd.), reported these operational updates.STYLEBAAZA Stock Price Movement As of 11:06 AM, shares of Baazar Style Retail Limited are slipping by 0.01% in live trading, currently positioned at ₹338.55. The equity...

Oil and Natural Gas Corporation Announces Superannuation of Three Executive Directors Oil and Natural Gas Corporation Ltd (ONGC) confirmed changes in its senior management structure, effective June 1, 2026, following the superannuation of three Executive Directors.The company announced that K N RAMESH, M PORCIA, and DEEP CHANDRA PANT will be exiting their roles due to retirement. These changes represent adjustments within the senior management level of the energy major.The affected individuals and their current designations are detailed below:NameDesignationType of ChangeK N RAMESHExecutive DirectorSuperannuationM PORCIAExecutive DirectorSuperannuationDEEP CHANDRA PANTExecutive DirectorSuperannuationThe...

Ola Electric Registers 15,139 Units in May 2026, Achieving 23% MoM Growth Bengaluru, June 1, 2026: Ola Electric Mobility Ltd. announced sustained growth momentum for May 2026, reporting that vehicle registrations reached 15,139 units. This figure marks a significant 23% month-on-month increase compared to the 12,323 units registered in April 2026. The company reported delivering its third consecutive month of volume growth.According to VAHAN data, the company’s performance significantly outperformed the industry growth rate. Industry volumes grew from approximately 148,000 units in April 2026 to around 170,000 units in May 2026, reflecting an overall industry growth of about 15%. Against this backdrop, Ola Electric’s 23%...

Gujarat Narmada Valley Fertilizers Announces Senior Management Changes Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) confirmed changes in its senior management personnel, effective May 31, 2026. The company announced that Shri Pankaj Kanaiyalal Purohit and Shri Rikesh Ishwarbhai Patel have ceased their services with effect from this date.The departure of Shri Pankaj Kanaiyalal Purohit, who held the position of Executive Director, was attributed to retirement. Meanwhile, Shri Rikesh Ishwarbhai Patel, Chief Manager - Legal & Secretarial, concluded his contract of employment.The details of the changes in senior management are as follows:Personnel NameTitleReason for ChangeEffective Date of CessationShri Pankaj...

H.G. Infra Engineering Subsidiary Receives Appointed Date for Varanasi-Kolkata Highway Project H.G. Infra Engineering Limited has announced that its wholly owned subsidiary, H.G. Varanasi-Kolkata PKG-10 Highway Private Limited, received confirmation from the National Highways Authorities of India regarding the appointed date for a major highway project. The letter confirming the appointed date was received on May 31, 2026.The appointed date declaration pertains to the construction of the 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway under the Bharatmala Pariyojana in the State of Jharkhand. This project is being executed on a Hybrid Annuity Mode (HAM) basis, covering the stretch from Deoria village to Donoreshan village (from km...

Fire Incident at Supplier Facility Causes Temporary Production Disruption at Hyundai Motor India Hyundai Motor India Limited announced that a fire incident occurred at the manufacturing facility of its supplier, Mobis India Limited, located in Irrungattukottai, Kancheepuram District of Tamil Nadu. The fire took place in the late afternoon of May 31, 2026.The incident at the Mobis facility affects the supply of various automotive parts, including audio components, to the company.The company confirmed that the Hyundai and Mobis teams are working closely to assess the full extent of the damage at the Mobis facility. Hyundai Motor India Limited stated that this event will lead to a temporary disruption in the company's production cycle...

Suprajit Engineering Secures US$ 12 Million in New Contracts, Highlights Global Supply Chain Growth Suprajit Engineering Ltd has reported a significant business update, detailing the success of its GCM Division following a strategic restructuring. The company announced that the GCM Division secured substantial new contracts across its plants in Matamoros, Morocco, and India during May 2026.In May 2026 alone, the GCM division secured new contracts valued at approximately USD 12 million annually, with an estimated total lifetime value of USD 75 million. These achievements validate GCM's multi-geography supply chain footprint and acceptance among global Original Equipment Manufacturer (OEM) customers.Major Contracts and Customer Wins...