Markets

Electronics Mart India Limited Commences Operations of New Multi-Brand Store in GurugramElectronics Mart India Limited has commenced commercial operations for a new multi-brand store under its own brand, 'ELECTRONICS MART'. The operational launch took place on June 29, 2026.The new retail outlet is located in Gurugram and provides consumers with access to the company's merchandise. The establishment is situated within the Commercial Complex named 'Golden Jubilee Business Plaza,' which is located at Old Delhi Road in Gurugram, Haryana.Details regarding the newly operational store include:MetricDetailBrand NameELECTRONICS MARTCommencement DateJune 29, 2026LocationGurugram, HaryanaStore Area6,250 Square feetEMIL...

SIS LIMITED approves buyback of equity shares with potential capital return reaching Rs 720 crore SIS Ltd. has announced that its Board of Directors has approved, in principle, a proposal to conduct a share buyback, marking the company's fifth such initiative since its listing in August 2017. Once executed, this buyback, valued up to Rs 120 crore, is expected to bring the cumulative capital returned to shareholders, across prior buybacks and dividends, to approximately Rs 720 crore.The proposed move underscores SIS's sustained commitment to returning surplus capital to its investors, building upon a consistent track record of shareholder returns. Prior to this proposal, the company had completed four buybacks (totaling around Rs 420...

Powerica Limited Receives Rectification Order Regarding Tax Demand for Assessment Year 2025-26 Powerica Limited has received a rectification order concerning a tax demand related to the Assessment Year 2025-26, revising the initial amount previously notified by tax authorities. The company is currently reviewing the revised order and evaluating subsequent steps in this matter.The notification states that the Company had initially faced a Tax Demand amounting to Rs. 30,27,98,870/- under Section 143(1) of the Income Tax Act, 1961, for Assessment Year 2025-26. Following this initial demand, Powerica Limited filed a formal response with the Income Tax Authorities on June 17, 2026.On June 29, 2026, the Company received a rectification...

South Indian Bank Opens New Branch in Thiruvallur The South Indian Bank Limited has announced the opening of a new branch located in Thiruvallur, expanding its presence in Tamil Nadu. The bank will commence operations at the newly established location on June 30, 2026.Details regarding the new operational center are as follows:Branch NameAddress of BranchDate of OpeningManavalanagar, Thiruvallur (1056)Plot no 253, Kasthuribai Nagar, Melnallathur, Manavalanagar, Thiruvallur, Tamil Nadu- 60200230-06-2026The opening of this branch signifies a move by The South Indian Bank Limited to cater to the growing financial needs in the Thiruvallur region.SOUTHBANK Stock Price Movement Today, shares of The South Indian Bank Limited...

Lumax Auto Technologies Completes Acquisition, Securing Full Ownership of Lumax FAE Technologies Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97% Equity Stake in Lumax FAE Technologies Private Limited (LFAE). The acquisition, finalized on June 29, 2026, means LFAE has now become a Wholly Owned Subsidiary of Lumax Auto Technologies Limited.The stake was acquired from Francisco Albero SAU (FAE). Following the completion of this transaction, LFAE transitioned into a fully owned subsidiary of the Company, marking a significant consolidation in its operational structure.Despite the change in ownership status, FAE will continue to support LFAE by providing technical assistance. Furthermore, FAE has...

MT Educare Limited Defaults on Loan Repayments, Corporate Insolvency Proceedings Continue MT Educare Limited has defaulted on the repayment of principal and interest amounts from various financial institutions. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), as per a National Company Law Tribunal (NCLT) order dated December 16, 2022.The default relates to obligations including Term Loans, Overdrafts, and Corporate Guarantees with multiple lenders. As of June 29, 2026, the company reported a total outstanding borrowing amount from banks amounting to 32.33 Crores INR.Loan Default Breakdown Details regarding the defaulted loans involving Axis Bank Limited and Prudence ARC are as follows...

Tata Elxsi Receives Tax Demand Notice from Income Tax Department; Total Demand Amounts to Rs 1.58 crore Tata Elxsi Ltd has received a notice of demand from the Centralized Processing Center, Income Tax Department, Bengaluru, regarding its tax assessment for Assessment Year 2025-26. The notice relates to an alleged mismatch between tax credits claimed and those allowed during the regular assessment process.The company confirmed receipt of the order on June 29, 2026.A review of the details shows that the total demand amount stands at Rs 1.58 crore. This action, which is part of the routine assessment process by the Income Tax Department, prompted Tata Elxsi to initiate a thorough internal review.The company stated that based on the...

Sat Kartar Life Limited Expands Global Footprint by Commencing Operations in USA Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has announced a significant expansion of its global presence. The company is commencing operations in the United States of America (USA) through its wholly owned subsidiary, Sat Kartar USA INC.This move marks a strategic step by the organization to extend its reach internationally. By establishing and launching activities through its dedicated US entity, Sat Kartar Life Limited solidifies its commitment to global growth following the commencement of operations in the American market.SATKARTAR Stock Price Movement Today, shares of Sat Kartar Life Limited edged higher to close at...

My Mudra Fincorp Limited Empanelled as Authorized Distributor for Nippon India Mutual FundMy Mudra Fincorp Limited has secured a significant expansion in its financial services portfolio after being empanelled as an authorized distributor of Nippon India Mutual Fund. This appointment marks a major developmental step for the company, enhancing its reach in the mutual fund distribution sector.Through this new association, My Mudra Fincorp Limited will now be able to offer a comprehensive range of schemes provided by Nippon India Mutual Fund. The company's extensive infrastructure, comprising both its branch network and digital platforms, will enable it to provide these financial products to retail and institutional investors alike...

Davangere Sugar Company Schedules Board Meeting to Consider Issuance of Foreign Currency Convertible Bonds Davangere Sugar Company Ltd has announced a meeting of its Board of Directors to consider and approve the proposal for issuing Unsecured Foreign Currency Convertible Bonds (FCCBs). The Board meeting is scheduled for July 02, 2026.The scheduling follows prior approvals obtained by the company. Shareholder approval for the issuance was secured during an Extra-Ordinary General Meeting held on April 24, 2026. Additionally, Davangere Sugar Company received in-principle approval letters from BSE Limited and National Stock Exchange of India Limited dated June 10, 2026.The Board is set to review the FCCB issuance proposal during the...

Ranjay Choudhary Appointed as Director (Finance) at Indian Railway Finance Corporation; Ex-post Facto Approval Granted to Another Official Indian Railway Finance Corporation Ltd (IRFC), a Government of India enterprise, has seen the appointment of Shri Ranjay Choudhary to the position of Director (Finance). The company also received ex-post facto approval for an extension charge granted to Shri Randhir Sahay.According to an order by the Ministry of Railways (MoR), Government of India dated June 29, 2026, the competent authority approved these appointments and designations.Shri Ranjay Choudhary, who is currently CGM at Power Finance Corporation Ltd (PFC), has been appointed as Director (Finance) for IRFC. His remuneration is set in...

Hazoor Multi Projects Ltd Forfeits Warrants After Unexercised Options Lapsed Hazoor Multi Projects Ltd. (HMPL) has confirmed the forfeiture and lapsing of a portion of its convertible warrants issued during a preferential allotment, as approved by its Board of Directors. The decision relates to offers made under which certain warrant holders failed to exercise their options within the stipulated period.The warrants were originally allotted on a preferential basis to members belonging to the Non-Promoter, Public Category. The issue price for these fully convertible warrants was set at Rs 300/- per warrant, and they carried a right exercisable by the holder to subscribe to one Equity Share with a face value of Rs 10/- per warrant.The...

Gulf Oil Lubricants Issues Urgent Call to Action for Shareholders Regarding KYC Updates Gulf Oil Lubricants India Limited has notified shareholders holding physical securities about the requirement to update their Know Your Customer (KYC) details. The company emphasized that updating these mandatory documents is critical for the smooth processing of future dividends and any other associated payments.The communication addressed the mandate set by SEBI, effective since March 16, 2023, concerning security holders whose folios remain unverified. According to the notification, all physical securities holders whose KYC details are not updated must furnish the requisite documents to the Registrar and Share Transfer Agent (RTA), KFin...

Avenue Supermarts Completes Full Redemption of Commercial Papers Worth Rs. 500 Crores Avenue Supermarts Limited has confirmed the full redemption of its Commercial Papers (CP), completing the transaction that concluded on June 29, 2026. The company paid the maturity proceeds for these papers in full, resulting in a zero outstanding amount.The redemption relates to Commercial Papers with ISIN INE192R14329. The action was carried out as scheduled due to the maturity of the instruments.Key details regarding the redemption are summarized below:ParticularsDetailsType of RedemptionFullReason for RedemptionMaturityQuantity Redeemed (No. of Commercial Papers)10,000Due Date for Redemption/MaturityJune 29, 2026Actual Date...

Mangalam Global Enterprise Limited Appoints Mrs. Reena Unmesh Wagh as Whole Time Director for Three Years Mangalam Global Enterprise Limited has appointed Mrs. Reena Unmesh Wagh as an Additional Director, designated as a Whole Time Director (Executive Director). The appointment was made following the Board of Directors meeting held on June 29, 2026.The Board accorded its approval to the appointment, which is subject to member approval at the ensuing Annual General Meeting and any other necessary approvals. Mrs. Wagh's tenure as a Whole Time Director (Executive Director) will span three years, effective from June 29, 2026, to June 28, 2029. Her office as a director is subject to retirement by rotation.The appointment was made on the...

Kaizen Agro Infrabuild Ltd Board Approves Key Independent Director Appointments and Notes Departures Kaizen Agro Infrabuild Ltd announced significant changes in its board composition following a recent meeting of its Directors, approving the appointment of three new Non-Executive Independent Directors and confirming the resignation of three existing directors.The appointments bring Mrs. Deepa Garg, Mrs. Meenu Jain, and Mrs. Reema Magotra onto the board as Additional Non-Executive Independent Directors, effective June 29, 2026. The company also acknowledged the resignations of Mrs. Kalpana Tekriwal, Mrs. Roshni Gadia, and Mrs. Mandeep Kaur Jaiswal, all effective from the same date.New Appointments Detailed The Board formally approved...

Trading Window Closure Announced for Cube Highways Trust Securities Effective July 1, 2026 Cube Highways Trust has announced that the trading window for its securities will be closed starting July 01, 2026. The closure is part of standard operational procedures concerning the trust's holdings and dealing in securities.The notice specifies that the trading window will reopen 48 hours after the announcement of financial information pertaining to the quarter ended June 30, 2026. This arrangement ensures clarity regarding the resumption of transactions following the release of the relevant financial details for the Cube Highways Trust (InvIT).CUBEINVIT Stock Price Movement Cube Highways Trust shares today settled at ₹152, concluding the...

Akme Fintrade Announces Major Share Allotments, Increases Authorized Capital, and Replaces Auditors Akme Fintrade (India) Ltd. announced several significant corporate actions following its Board meeting held on June 29, 2026. Key decisions included the allotment of equity shares through warrant conversions, approval for an increase in authorized share capital, and appointments regarding the company's audit structure.The board approved two major preferential allotments involving convertible warrants, with proceeds received from investors:Allotment DetailsTotal Equity Shares AllottedIssue Price (per share)Premium (per share)Investor NameAmount ReceivedFrom Warrants allotted on Feb 07, 202530,00,000Rs. 11.10Rs. 8.325Pushpa Jugraj...

Ranjay Choudhary Appointed as Director (Finance) at IRFC; Additional Charge Extended for Board Official Indian Railway Finance Corporation Limited (IRFC), a Government of India Enterprise, has made significant changes in its Directorate following an order from the Ministry of Railways. The competent authority has approved the appointment of Shri Ranjay Choudhary and granted ex-post facto approval for an extended additional charge to Shri Randhir Sahay.Shri Ranjay Choudhary, who currently serves as CGM at Power Finance Corporation Ltd. (PFC), has been appointed to the post of Director (Finance) at IRFC. The appointment is set within a pay scale of Rs. 1,80,000 - 3,40,000/- (IDA).The position carries a term of five years and will be...

EPACK Durable Clarifies Rating Status Following Discontinuation of CRISIL Engagement EPACK Durable Limited has issued a clarification regarding the credit rating status reflected by CRISIL Ratings Limited, confirming that the company discontinued availing CRISIL's rating services.The Company confirmed that it ceased using the rating services of CRISIL effective December 20, 2024, and had previously informed CRISIL about this discontinuation. The Stock Exchanges were subsequently notified of this change by the company on August 27, 2025. As of the time of the statement, EPACK Durable Limited does not have any ongoing rating engagement with CRISIL, and the existing rating is voluntarily maintained by the agency.While the company's...