Markets

Clean Science and Technology Subscribes to Shares in Wholly Owned Subsidiary, Clean Fino-Chem Limited Clean Science and Technology Limited (CSTL) has subscribed to an additional 8,36,121 Equity Shares of its wholly owned subsidiary, Clean Fino-Chem Limited (CFCL). The investment was made via a subscription to the Rights Issue of CFCL, involving a total cash consideration of Rs. 50,00,00,358/-.The subscription involved issuing shares with a face value of Rs. 10/- each and at a premium of Rs. 588/- per share. These newly issued equity shares will rank pari passu with the existing equity shares of Clean Fino-Chem Limited.CFCL, which operates in the Speciality Chemicals industry, was incorporated on March 22, 2022, as a wholly owned...

India Ratings Assigns INDBBB-/RatingWatch to Veranda Learning Solutions Limited Bank Facilities Veranda Learning Solutions Limited (VLS) has received credit ratings from India Ratings and Research Pvt. Ltd. concerning its bank loan facilities. The rating action was communicated in the Credit Rating Letter dated June 22, 2026.India Ratings & Research Pvt. Ltd. assigned a specific rating to VLS's bank loan facilities. The assignment places the instrument at INDBBB-/RatingWatch with Developing Implications.The credit rating covers the company’s bank loan instruments. Details of the rated facility are as follows:Instrument TypeBankNameRating AssignedOutstanding/Rated Amount (INR million)Bank loan facilities-INDBBB-/RatingWatch...

Mangalam Global Enterprise Launches New Kiosk under "NEAT EVERYDAY" Brand in Ahmedabad Mangalam Global Enterprise Ltd has expanded its retail presence by inaugurating a new kiosk dedicated to its wellness brand, "NEAT EVERYDAY." The new establishment is located at Nexus Mall in Vastrapur, Ahmedabad, Gujarat, and was opened on June 24, 2026.The opening of this kiosk represents a key milestone in the company’s growth strategy within the wellness and beauty sector. In addition to its existing retail stores, the new location aims to strengthen the company's overall retail footprint.The NEAT EVERYDAY brand will be offered through the kiosk, which provides a curated portfolio of products covering nutraceutical, wellness, beauty, and...

Majestic Auto Ltd Chief Financial Officer Resigns Due to Personal Reasons Majestic Auto Ltd has announced the resignation of Mr. Ajay Kumar from his position as Chief Financial Officer (CFO). The company confirmed that Mr. Kumar resigned due to personal reasons and was officially relieved of his duties on June 24, 2026.The board of directors accepted Mr. Kumar’s resignation following its submission, marking the effective date of his cessation from the role.Details regarding the change in key managerial personnel have been provided, confirming that the CFO’s departure was prompted by personal reasons.Key details of the transition are summarized below:ParticularsDetailsName of Key Managerial PersonnelMr. Ajay Kumar...

Waaree Energies Limited Confirms Loss of Wholly Owned Subsidiary Following Deregistration Waaree Energies Limited has confirmed the status change regarding one of its overseas entities after a subsidiary was successfully deregistered in Australia. The company announced that Waaree Renewable Energies Australia PTY Limited ceased to be a wholly owned subsidiary of Waaree Energies Limited effective June 10, 2026.The deregistration was completed by the Australian Securities & Investments Commission. As a result of this change, details regarding the entity's financial performance were reported.The data provided indicates that Waaree Renewable Energies Australia PTY Limited was functioning as a dormant company during the previous...

Oberoi Realty secures Gurugram land for luxury residential project; RERA registration status provided Oberoi Realty Limited has established its presence in the NCR region by executing an agreement for sale concerning a parcel of land in Gurugram, Haryana. The transaction marks a key step toward the development of a luxury residential group housing project.The acquisition details were formalized via an Agreement for Sale executed with Ireo Residences. The company acquired the land, which measures 14.816 Acres or 59,956.20 square meters, in Gurugram.The consideration structure for this transaction involves event and time linked monetary payment of up to Rs. 597 Crore, supplemented by a certain area measurement of FAR...

RBI Strengthens Digital Security Net: Banks Must Now Compensate Customers for Small-Value Frauds Regulatory Shift Elevates Consumer Protections in Digital Transactions The Reserve Bank of India (RBI) has issued comprehensive Amendment Directions aimed at significantly strengthening consumer protection across all digital banking transactions. These amendments address the vulnerability of customers facing fraudulent electronic banking activities, marking a critical step in enhancing financial security nationwide. The final directions follow feedback processes initiated after initial draft recommendations were floated on March 6, 2026.The new regulations directly target weaknesses identified in the existing liability framework. A key...

Stock Exchanges Levy Fine on Viji Finance Ltd Over Board Composition Compliance Issue Viji Finance Ltd has paid fines imposed by both BSE and NSE concerning an alleged failure to meet requirements related to the composition of its Board of Directors, according to recent disclosures. The company stated that it remitted the amount to the stock exchanges under protest, reserving its right to appeal or seek a waiver.The financial penalty was levied by both exchanges in connection with alleged non-compliance pertaining to Regulation 17(1) regarding the minimum number of directors required for the Board of Directors among top listed entities.In response to the imposition, Viji Finance Ltd confirmed that it paid Rs. 1,35,700/- (inclusive...

Clarification Issued: Ducol Organics Addresses Reporting Discrepancies in Financial Results Filing Ducol Organics And Colours Limited has issued a clarification regarding certain deficiencies observed in its XBRL filing of financial results, confirming that the underlying audited financials remain unaffected by reporting unit errors. The clarifications address issues related to Paid-up Equity Share Capital and segment details.The company acknowledged that in both the Standalone and Consolidated XBRL filings, the Paid-up Equity Share Capital was inadvertently reported using absolute figures rather than lakhs. This discrepancy arose from a data mapping or unit selection error during the process of preparing the XBRL submission. Ducol...

Manoj Jewellers Ltd Approves Rights Issue, Appoints Sunil Shantilal as CFO Manoj Jewellers Ltd has announced significant outcomes from its Board of Directors meeting held on June 24, 2026. The board approved the raising of funds through a rights issue and appointed Mr. Sunil Shantilal as the company's Chief Financial Officer (CFO).The company’s management decided to raise capital by issuing equity shares via a rights issue, with each share having a face value of Rs 210. The total amount for which the equity shares will be issued is specified up to 1,800 Lakhs in relation to the board approval, while detailed disclosures show that the total amount proposed could reach up to 21,800 Lakhs.The terms and conditions related to the rights...

Shirpur Gold Refinery Ltd Schedules 30th Committee of Creditors Meeting Shirpur Gold Refinery Limited, which is currently undergoing the Corporate Insolvency Resolution Process, has scheduled its thirtyeth (30th) Committee of Creditors (COC) meeting. The critical meeting is set to take place on Thursday, June 25, 2026.The COC meeting is scheduled for 04:00 p.m. and will be conducted via video conferencing. This meeting involves the company's committee of creditors as part of its ongoing insolvency resolution process.

Muthoot Capital Services Limited Receives Bids for Sale of Stressed Loan Portfolio Muthoot Capital Services Limited (MCSL) has secured binding bids from an Asset Reconstruction Company in connection with the transfer of a stressed loan portfolio, consisting of financial assets. The transaction is being executed following the approval of the company's Board of Directors.The bidding process involves transferring a substantial portion of MCSL’s distressed assets. The potential bid amount for the stressed loan portfolio stands up to Rs. 96 Crores, and the total Principal Outstanding against these assets amounts up to Rs. 209.10 Crores.MCSL confirmed that the company will adopt the Swiss Challenge Method for any subsequent bidding rounds...

RBI Unleashes Key Amendments: New ₹1 Lakh Crore Threshold Simplifies NBFC-UL Identification, Targets Govt Stakes The Reserve Bank of India (RBI) has finalized critical Amendment Directions concerning Non-Banking Financial Companies (NBFCs). These directions introduce a simplified and absolute methodology for identifying companies within the Upper Layer (NBFC-UL). The amendments directly address concerns regarding corporate scale and credit risk management across NBFC entities.Redefining NBFC-UL Identification Criteria The RBI has streamlined the process for determining an NBFC's status as NBFC-UL. Previously, methods were complex; the new framework introduces a transparent and absolute criterion based solely on asset size.Under the...

Anand Rathi Allots Secured Non-Convertible Debentures Worth Rs 11.1 Crores Through Private Placement Anand Rathi Share And Stock Brokers Ltd has successfully allotted Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The Company issued a total of 1,110 debentures with a face value of Rs 1,00,000/- each, aggregating to Rs 11,10,00,000.The allotment took place on June 24, 2026, to identified investors. The issue included a maximum offering of 1,285 NCDs, limited to an aggregate size not exceeding Rs 12,85,00,000/-.These debentures are unsecured by listing and possess a tenure of three years, with the date of maturity set for June 22, 2029. The instrument carries a coupon interest...

Medplus Subsidiary Faces License Suspensions in Andhra Pradesh Following Regulatory Actions Medplus Health Services Limited has reported that its subsidiary, Optival Health Solutions Private Limited, has received two suspension orders concerning Drug Licenses for stores operating within the state of Andhra Pradesh. The regulatory actions resulted in a temporary halt to operations at two specific locations.The suspensions were issued by different authorities following alleged contraventions of Rule 65 of the Drugs and Cosmetics Act, 1940 and the related Rules, 1945. Both orders were received on June 23, 2026.One suspension pertains to a store located at Kovvada Main Road in Rajamahendravaram, East Godavari District, Andhra Pradesh...

Electrosteel Castings Resumes MBF Production at Khardah Works After Completing Annual Maintenance Electrosteel Castings Limited has successfully completed the planned maintenance activities on its MBF Production Facility located at the Khardah Works, with operations resuming starting June 24, 2026.The company confirmed that the necessary annual maintenance work was concluded on time, allowing the resumption of activities at the MBF Production Facility as of today.Furthermore, Electrosteel Castings announced that operations at the Main Plant are scheduled to resume the following day, June 25, 2026.ELECTCAST Stock Price Movement Electrosteel Castings Limited shares slipped by 2.07% to settle at ₹79.82 today. The stock traded within...

CRISIL Reaffirms Ratings of Ganesh Infraworld Limited; Assigns Stable Outlook Crisil Ratings has reaffirmed the credit ratings of Ganesh Infraworld Limited, stating that the company’s financial risk profile remains comfortable despite its acquisition of Kandoi Transport Limited (KTL). The rating affirmation was communicated following a letter dated April 14, 2026.The reaffirmation sees Ganesh Infraworld Limited (GIL) maintaining specific ratings on its bank facilities, which total Rs. 196 Crore.Details of the rated bank loan facilities are as follows:MetricRating DetailsTotal Bank Loan Facilities RatedRs. 196 CroreLong Term RatingCrisil BBB+/Stable (Removed from 'Rating Watch with Developing Implications')Short Term...

Callista Industries Ltd Allots Equity Shares in Preferential Issue and Issues Convertible Warrants Callista Industries Ltd reported key outcomes of its Board Meeting held on June 24, 2026, announcing both the allotment of a tranche of equity shares and the issuance of convertible warrants. These actions pertain to previous shareholder approvals and management decisions regarding capital restructuring.The company completed the third tranche of the preferential allotment of equity shares, totaling 11,00,000 equity shares of Rs. 10/- each, which were fully paid up. The details of this allotment are as follows:Sr. NoName of Allottee(s)No. of Equity SharesTotal Consideration Price1.STG Wealth Serve Private Limited5,00,00050,00,000/-...

BASF India Limited Presents Scheme of Arrangement During NCLT Convened Shareholders Meeting BASF India Limited presented a detailed overview during the National Company Law Tribunal (NCLT) convened meeting of its Equity Shareholders on June 24, 2026. The presentation focused on the proposed Scheme of Arrangement between BASF India Limited and BASF Agricultural Solutions India Limited and their respective shareholders.The meeting provided stakeholders with insights into the agricultural solutions business segment, outlining both its operational scale and strategic roadmap for future growth in the Indian market.Business Overview and Financial Performance BASF India Limited showcased a robust performance across its agricultural sector...

Aditya Birla Real Estate Schedules AGM and Announces Dividend Details Aditya Birla Real Estate Limited has announced details regarding its upcoming 129th Annual General Meeting, along with crucial dates for book closure and record date concerning dividend payment for the financial year ended March 31, 2026.The company's management has set the stage for stockholders through the announcement of the AGM and the recommendation of a dividend. The Board of Directors, at a meeting held on May 6, 2026, recommended a dividend of Rs. 2.50 per equity share. This dividend represents 25% of the face value of Rs. 10/- each, and it is subject to approval by shareholders during the AGM.The dividend, post-approval at the meeting, is scheduled to be...