Markets

Garware Offshore Services Ltd. Allots 27,000 Equity Shares Following Warrant Conversion Garware Offshore Services Ltd., formerly known as Global Offshore Services Limited, confirmed the allotment of equity shares resulting from a recent committee meeting. The company announced that it allotted 27,000 Equity Shares following the conversion process of warrants into non-promoter shareholders during a meeting held on June 25, 2026.The outcome of the Allotment Committee Meeting detailed the successful conversion of warrants to non-promoters. Consequently, Garware Offshore Services Ltd. confirmed that there are no outstanding warrants remaining for conversion into Equity Shares.Stock Price Movement Garware Offshore Services Ltd. shares...

Coral Laboratories Ltd has issued a clarification regarding significant movement observed in its scrip price. The company addressed concerns raised after an email received from BSE dated June 24, 2026.The management of Coral Laboratories stated that the fluctuation in the company's stock price is purely market driven and is attributable solely to prevailing market conditions.In response to the query regarding the significant movement, the company confirmed that its management neither controls nor possesses specific knowledge concerning the reasons behind the price change.Coral Laboratories Ltd has reaffirmed that it will continue to make all relevant disclosures in compliance with its obligations as required by regulations.Stock...

Utkal Speciality Industries Lands Export Order for Paper Bottom Roll Valued at Rs 12,85,102.08 Utkal Speciality Industries India Limited has secured a new international export order for its specialized paper products. The contract details the supply of Paper Bottom Rolls to a UAE-based customer and holds a total aggregate value of Rs 12,85,102.08.The company received the contract from BINGO PAPER CUPS DISHES AND TRAYS MANUFACTURING. This export order involves delivering Paper Bottom Roll with specifications including 64 MM size, 190 GSM, and 18 PE (16 MT). The delivery period for the contracted goods is set at 30 days.The transaction represents a normal course of business for Utkal Speciality Industries India Limited. While the...

NCLAT Orders Proceedings Stayed for Vikram Solar Ltd after Deposit of Settlement Amount to Operational Creditor Vikram Solar Ltd has deposited a sum of Rs. 91,98,556/- in favor of the Pay and Accounts Officer, Ministry of Corporate Affairs, New Delhi, following an order by the National Company Law Appellate Tribunal (NCLAT). This deposit addresses the claim of operational creditor Isitva Steel Private Limited.The NCLAT, operating out of Principal Bench, New Delhi, issued the order on 24 June 2026. The decision resulted in a stay of a prior order passed by the National Company Law Tribunal (NCLT) Kolkata Bench dated 12 June 2026. The payment was made through a demand draft and is intended for the full and final settlement of Isitva...

HDFC Asset Management Company Limited has scheduled a meeting of its Board of Directors and announced a trading restriction period for designated persons following the conclusion of their upcoming operational review.The Board meeting is set to take place on July 15, 2026. The purpose of this gathering is to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ending June 30, 2026. Management confirmed that the outcomes of the board meeting, along with Limited Review Reports issued by the Statutory Auditors, will be submitted in due course.In addition to the operational updates, HDFC Asset Management has implemented a trading window closure period for designated persons and...

Rekvina Laboratories Board Recommends Open Offer is Fair and Reasonable Amid Acquisition Drive The Committee of Independent Directors (IDC) of Rekvina Laboratories Limited has issued a recommendation stating that the open offer being conducted by three acquirers is fair and reasonable, advising public shareholders in connection with the proposed acquisition.The company confirmed that the open offer aims to acquire up to 28,90,100 equity shares of Rekvina Laboratories Limited (the "Target Company"). The open offer was launched by Surbhit Mukesh Shah (Acquirer 1), Amit Mukesh Shah (Acquirer 2), and Dhruvalkumar Patel (Acquirer 3).The IDC found that the offer price of ₹10 per equity share is fair and reasonable, especially when...

Tijaria Polypipes Announces Financial Results for Quarter Ended March 31, 2026; Highlights Operational Challenges Tijaria Polypipes Limited has announced its audited standalone financial results and related statements for the quarter ended March 31, 2026, along with the Cash Flow Statement and a statement on the impact of audit qualifications. The company's results reflect ongoing operational challenges and significant debt concerns.Quarterly Financial Performance The financial results for the quarter ending March 31, 2026, show negative profitability for the company. Key figures across various reporting periods are provided below:ParticularsQuarter Ended Audited 31.03.2026Quarter Ended Un-audited 31.12.2025Quarter Ended Audited...

RHI Magnesita and Khemka Form Joint Venture to Establish Greenfield Refractory Recycling Facility in Odisha RHI Magnesita, a leading manufacturer of high-grade refractory products, has announced a strategic joint venture (JV) with Khemka Refractories Pvt. Ltd., a renowned refractory raw material manufacturer. The collaboration aims to accelerate circular economy objectives and establish a greenfield refractory recycling facility in the state of Odisha, India.The new JV is set up to create an integrated recycling supply chain by focusing on the recovery, processing, and reuse of spent refractory materials. Strategically located near India's major industrial manufacturers and steel production centers, the facility will boost the...

Magnus Steel and Infra Ltd Recognizes Revenue from Brokerage Services in Transaction Facilitation Magnus Steel and Infra Limited has booked commission income following the facilitation of a purchase and sale transaction for assets, demonstrating expansion into management consulting and specialized services. The company earned significant brokerage charges by rendering transaction facilitation services to M/s Shun Shing India Pvt. Ltd.The revenue stream relates to the brokering and commission services provided in relation to an underlying transaction valued at Rs. 60,00,00,000/- (Rupees Sixty Crore Only). The transaction was facilitated for the purchase and sale of assets between Magnus Steel and Infra Limited and M/s Shun Shing India...

Ace Integrated Solutions Recommends Re-appointment of CEO and Senior Independent Director The Board of Directors of Ace Integrated Solutions Limited has recommended the re-appointment of key leadership figures, including Mr. Chandra Shekhar Verma as Chairman & Managing Director, and Mr. Kumar Vishwajeet Singh as a Non-Executive Independent Director. The decisions were made during the Board meeting held on June 25, 2026, and are subject to shareholder approval.The Board recommended re-appointing Mr. Chandra Shekhar Verma as Chairman & Managing Director for a period of five consecutive years, effective from June 30, 2026, until June 29, 2031. This decision followed recommendations from the Nomination and Remuneration Committee and the...

Promoter Acquires Shares in Medico Intercontinental Ltd through Open Market Purchase Medico Intercontinental Limited stock movement saw a notable acquisition by promoter Samir Dilipkumar Shah during June 2026. Mr. Shah purchased Equity Shares of the company via the open market over a period spanning from June 3, 2026, to June 24, 2026.The acquisition details show that Mr. Shah acquired 1,36,886 Equity Shares, which constituted 1.37% of the total share and voting capital of Medico Intercontinental Limited (MIL). The company's equity share capital/total voting capital was reported as 10,00,00,000 both before and after the purchase transaction.As a promoter, Mr. Shah’s holding increased following the open market purchase. Prior to the...

Ramesh Sawalram Saraogi Sells 2.02% Stake in Pro Fin Capital Services Ltd Ramesh Sawalram Saraogi has sold a portion of his shares in Pro Fin Capital Services Ltd., representing a reduction in his stake as of June 24, 2026.The sale was conducted through the open market and involved Ramesh Sawalram Saraogi and M/s Navratri Share Trading Private Limited (PAC) as the selling parties.Details of the share transaction are as follows:MetricDetailsTarget CompanyPro Fin Capital Services LtdSeller(s)Ramesh Sawalram Saraogi and M/s Navratri Share Trading Private Limited (PAC)Mode of SaleOpen MarketDate of SaleJune 24, 2026Prior to the transaction, Ramesh Sawalram Saraogi held a stake representing 1,20,00,000 shares, which...

Steelcast Ltd Clarifies Market: No Material Information Cited Regarding Increased Share Volume Steelcast Ltd has provided clarification regarding the significant increase in the trading volume of its shares across exchanges. The company stated that it possesses no non-public information or impending announcements that would have a bearing on the heightened share volume.The company confirmed that, as far as it is aware, there is no specific information that explains the surge in the volume of Steelcast Ltd shares. Despite this clarification, the company reaffirmed its commitment to timely disclosure.Steelcast Ltd stated that it has consistently provided material updates and will continue to disseminate any price sensitive information...

Gaudium IVF and Women Health Ltd Approves Setup of Women Hospital in Lucknow Gaudium IVF and Women Health Ltd, formerly known as Gaudium IVF and Women Health Private Limited, announced that its Board of Directors has approved the establishment, development, operation, and management of 'Gaudium Women Hospital, Lucknow.' This decision was made following a meeting held on June 25, 2026.The hospital will be established in Lucknow, Uttar Pradesh, through a long-term arrangement with the property owner, Mrs. Abhilasha Singh and M/s. Abhilasha Enterprises. The parties involved in this agreement are not related to the company's promoter or promoter group.Key Terms of the Land Lease Agreement The partnership structure for establishing...

RITES Ltd Board Approves Investment in UAE Joint Venture with NICC Infrastructure Construction LLC RITES Ltd has approved the formation and capital investment into a proposed joint venture company. The decision was made by the Board of Directors during a meeting held on June 25, 2026.The new venture will be established as a Limited Liability Company (LLC) in the United Arab Emirates (UAE). RITES Ltd will partner with NICC Infrastructure Construction LLC for this joint venture.RITES Stock Price Movement RITES Limited closed the trading day slightly higher after gaining 0.2%, settling at ₹208.68 today. The stock saw robust activity in the session, with a total traded volume reaching 879,879 shares.

Nidhi Granites Promoters Acquire Equity Shares Through Open Market Purchase Nidhi Granites Ltd has reported that its promoters have acquired equity shares of the company through open market purchases. The transactions involve key members of the management team increasing their stake in the company.The acquisition details include three individuals from the management structure. According to the records, Mr. Darpan Shah, who holds the position of Managing Director, purchased 100 equity shares. Mrs. Kavita Shah, serving as the Chief Financial Officer, also acquired 100 equity shares. Additionally, Mrs. Shreya Pandya, a Director, completed the open market purchase of 100 equity shares.The acquisition details are summarized below...

Elgi Rubber Company Sells Non-Core Land in Coimbatore for Rs 43.5 Crores Elgi Rubber Company Limited has completed the sale of a non-core land property, along with its associated building and fittings, located in Trichy Road, Coimbatore. The sale deed was executed on June 25, 2026, to an unrelated third party buyer, Mr. Senthilnathan of Salem.The sold property is part of the company's larger holding and consists of 75 cents and 37 sq.ft out of a total area of 7.24 acres in Coimbatore.According to the transaction details, the total sale consideration received from the buyer amounted to Rs 43,50,00,000/- (Rupees Forty Three Crores and Fifty Lakhs only).The land property was sold to Mr. Senthilnathan, an individual buyer who is not...

RNFI Services Limited Board Approves Acquisition of Ambition Services Private Limited for Strategic Expansion RNFI Services Limited has approved the acquisition of up to 75% of the paid-up share capital in Ambition Services Private Limited. This strategic move aims to expand RNFI's business network, enhance distribution capabilities, and strengthen its presence within financial inclusion and lending businesses.The Board of Directors authorized the acquisition of a stake in Ambition Services Private Limited through a combination of a Fresh Issue of Shares and Share Transfer. The transaction is set to be completed within 18 months from the date of the Board Meeting. Following this acquisition, Ambition Services Private Limited will...

MODISON LIMITED Fixes Record Date for Final Dividend of Rs 3 Per Share MODISON LIMITED has announced the record date for the payment of its final dividend for the financial year 2025-26, stating that shareholders must meet specific criteria to be eligible for the distribution.The company has fixed Tuesday, July 14, 2026, as the Record Date. This date is designated for determining the eligibility of members entitled to receive the Final Dividend.The dividend stands at Rs 3 per equity share of face value Rs 1 each, covering the financial year 2025-26. The distribution of this final dividend remains subject to approval by the members during the forthcoming Annual General Meeting (AGM) of MODISON LIMITED.If the Final Dividend is...

Mahindra Lifespace Approves Incorporation of Two New Subsidiaries Mahindra Lifespace Developers Ltd has approved the incorporation of two new subsidiaries, which will be set up as public limited companies. The approval was granted by the company's Committee for Investment/Land Appraisal during a meeting held on June 25, 2026.The subsidiaries are being proposed for incorporation under names that will be finalized and made available through the Registrar of Companies. Following the incorporation process, Mahindra Lifespace Developers Limited intends to subscribe to 100% of the paid-up share capital in both proposed entities.This move allows the company to establish the new operational units while maintaining full ownership control...