Markets

Bombay High Court Dismisses Nagarjuna Fertilizers Appeal in Arbitration Case The Hon'ble High Court of Bombay has dismissed the appeal filed by Nagarjuna Fertilizers and Chemicals Ltd concerning an arbitration Award. The decision was made on June 06, 2026, regarding the case involving Pipeline Infrastructure Ltd.The company’s appeal, which had been brought against the Arbitration Award passed in favor of Pipeline Infrastructure Ltd., resulted in the dismissal order by the Bombay High Court. This outcome was officially noted after the intimation was received on June 18, 2026.Following the court's decision, Nagarjuna Fertilizers and Chemicals Limited plans to appeal the order issued by the Hon'ble High Court of Bombay. The company...

Igarashi Motors India Clarifies Stock Movement, Asserts No Undisclosed Material Information Exists Igarashi Motors India Ltd (IMIL) has provided a clarification regarding significant movement in the price of its security, affirming that the company holds no undisclosed material information that could impact the stock's trading behavior.The company addressed queries related to the price movement by confirming that it has fulfilled all necessary disclosures under relevant regulations. IMIL stated that as of the time of the communication, there is no impending material price sensitive information or announcement from the company that would bear on the price and volume performance of the stock.IGARASHI Stock Price Movement Today...

Crompton Greaves Faces Tax Demand from State Authority Over Transitional Credit Disallowance Crompton Greaves Consumer Electricals Limited has received an order from the Office of the Additional Commissioner of Appeals, State Tax, Chhattisgarh, concerning a tax demand that has been upheld by the appellate authority. The order relates to a period spanning July 2017 to March 2018 and involves the disallowance of transitional credit claimed by the company.The order issued on June 23, 2026, established the tax components as follows: Tax demand of INR 23,36,265, interest of INR 26,66,030, and a penalty of INR 2,33,627. The total initial demand amount stood at INR 52,35,922.The company has indicated its intention to appeal the decision in...

Vedanta Aluminium Metal's Credit Rating Reaffirmed by ICRA Vedanta Aluminium Metal Ltd has seen its credit rating reaffirmed by ICRA, which provided a detailed release on June 24, 2026. The ratings pertain to the company's Non-Convertible Debentures and the credit status for Bank Facilities.The reaffirmation indicates strong financial standing for Vedanta Aluminium Metal Limited. As per the assessment made by the rating agency, the company secured an ICRA AA+ / Stable rating across the specified categories.The detailed rating summary is provided below:Company NameRating StatusVedanta Aluminium Metal LimitedICRA AA+ / Stable (Previously ICRA AA+ / Stable)This positive assessment by ICRA provides assurance regarding the...

Reliance Communications Schedules 73rd Committee of Creditors Meeting Reliance Communications Limited has scheduled its 73rd meeting of the Committee of Creditors (CoC) for Thursday, June 25, 2026. This meeting is part of the company’s ongoing corporate insolvency resolution process.The management and affairs of Reliance Communications are currently overseen by a Resolution Professional following the commencement of the insolvency process. The appointment was made by the National Company Law Tribunal (NCLT), Mumbai Bench, through an order dated June 21, 2019.The company's operational status details include:DetailInformationMeeting TypeCommittee of Creditors (CoC)Meeting Number73rdScheduled DateThursday, June 25, 2026...

Davangere Sugar Company Secures In-Principle Approval for FCCBs and Incorporates UK Subsidiary Davangere Sugar Company Limited announced significant strategic corporate updates, including securing in-principle approval for the issuance of Foreign Currency Convertible Bonds (FCCBs) and successfully incorporating a wholly-owned subsidiary in London, United Kingdom.The company received formal approvals from both BSE Limited and National Stock Exchange of India Limited for the proposed issue of FCCBs. These bonds are intended to raise an aggregate amount not exceeding USD 100 Million or its equivalent. Both exchanges granted the approval on June 10, 2026. The significance of this funding acquisition relates to activities such as...

Chandni Machines Ltd Expands Business Scope Approving New Clauses in Memorandum of Association Chandni Machines Limited announced significant strategic expansions following a Board meeting held on Wednesday, June 24, 2026. The directors approved further alterations to the company's Memorandum of Association (MOA), broadening the scope of its operational business activities.The Board also sanctioned a revised notice for an Extra-Ordinary General Meeting (EGM) of shareholders. This EGM is scheduled for Thursday, July 23, 2026, and will be held via Video conference or Other Audio Video Means (OAVM). The purpose of the meeting is to seek shareholder approval for the Amendment of the Object Clause of the Memorandum of Association...

Accord Transformer Secures Vendor Registration from UGVCL to Boost Power Distribution Market Presence Gurugram, June 24, 2026 - Accord Transformer & Switchgear Limited has received Vendor Registration Approval from Uttar Gujarat Vij Company Limited (UGVCL). This significant development strengthens the company's position in India’s power transmission and distribution ecosystem. The approval pertains to the manufacturing and supply of 500 KVA, 11/0.415 KV Level-1 CRGO Copper Wound Distribution Transformers.UGVCL, a subsidiary of Gujarat Urja Vikas Nigam Limited (GUVNL), is one of the key electricity distribution companies serving Gujarat. The registration enables Accord Transformer & Switchgear Limited to participate in tenders floated...

Power Finance Corporation Ltd Appoints New Directors at Board Meeting Power Finance Corporation Ltd has appointed two new members to its board of directors following a meeting held on June 24, 2026. The appointments include Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director.The company informed stakeholders that these decisions were made in relation to prior orders issued by the Ministry of Power, Government of India.Shri V. Packirisamy has been appointed as Director (Commercial), effective from June 02, 2026. Concurrently, Shri Pankaj Gupta was designated as a Part-time Non-Official Director, with his appointment being effective from June 22, 2026.The appointments are part of the...

Century India Opportunity Fund PC Acquires Shares in On Door Concepts Limited Through Preferential Allotment On Door Concepts Limited has announced a significant change in shareholding following the preferential allotment of equity shares to Century India Opportunity Fund PC. The transaction, finalized on June 18, 2026, involved the allotment of 4,00,000 equity shares to the fund.The acquisition and subsequent issuance increased the total issued Equity Shares of On Door Concepts Limited to 70,00,512. Based on this updated issued capital, Century India Opportunity Fund PC holds a shareholding of 5.71% in the company.Furthermore, based on the assumption of full conversion of the outstanding 20,00,000 Convertible Warrants, the diluted...

Promoter Declarations Confirm No Encumbrances Pertaining to Shares of Dish TV India Limited Various promoter entities and individuals associated with Dish TV India Limited have declared their shareholdings as of March 31, 2026, confirming that they have not created any encumbrance, directly or indirectly, other than those already disclosed during the financial year 2025-26. These declarations cover promoter group members and individual promoters, detailing significant equity holdings in the company.Agrani Holdings (Mauritius) Ltd., a promoter of Dish TV India Limited, holds 3,51,72,125 Equity Shares, constituting 1.91% of the total share capital as of March 31, 2026. This entity confirmed that it had made no encumbrances directly or...

NPR Finance Ltd Website Temporarily Non-Functional Due to Technical Issues NPR Finance Ltd has informed stakeholders that its corporate website is temporarily unavailable due to technical and server issues. The company stated that its dedicated technical team is actively engaged in resolving the operational glitches to restore full functionality as quickly as possible.The temporary non-functionality affects the official company website, www.nprfinance.com.Management confirmed that a resolution process is underway. NPR Finance Ltd committed to updating relevant parties once the technical issues are fully resolved and the website is operating normally again.Stock Price Movement As of the close today, NPR Finance Ltd shares settled...

CRISIL Reaffirms Credit Rating for Regaal Resources as Total Bank Loan Facilities Rated at Rs 625.57 Crore Crisil Ratings Limited has reaffirmed the credit ratings for the total bank loan facilities of Regaal Resources Ltd, maintaining a stable rating outlook following continuous surveillance and review. The company maintains a strong standing with financial institutions, reflected by the affirmed rating on its lending facilities.The rating affirmation covers Rs 625.57 Crore in Total Bank Loan Facilities. Crisil Ratings has assigned a Long Term Rating of Crisil A-/Stable to these debt instruments and facilities. This rating held through the period spanning April 01, 2026, to June 22, 2026, and is valid until March 31, 2027.The total...

Ramdevbaba Solvent Limited increases stake in subsidiary RBS Renewables Private Limited Ramdevbaba Solvent Limited has enhanced its holding in M/s RBS Renewables Private Limited, a subsidiary company, following the approval of its Board of Directors. The company acquired an additional 35,00,000 Equity Shares, increasing its aggregate shareholding from 50.82% to 64.82%.The acquisition decision was reached during a Board meeting held on June 24, 2026. This move is intended to secure better control over the subsidiary entity.Ramdevbaba Solvent Limited acquired the additional equity shares through a cash consideration transaction at a total cost of Rs. 3,64,35,000.00.Shareholding Increase and Transaction Details The details regarding...

CRISIL Reaffirms Ratings for Intellect Design Arena Ltd, Upgrades Long Term Outlook to Positive Intellect Design Arena Ltd has received a significant update regarding its credit profile as CRISIL Ratings Limited reaffirmed its existing long-term and short-term ratings. Furthermore, the agency upgraded the outlook on the company's long-term rating from 'Stable' to 'Positive'.The rating details provide insight into the financial standing of Intellect Design Arena Ltd relative to its total bank loan facilities. The reaffirmation indicates confidence in the company's operational stability and creditworthiness as assessed by CRISIL Ratings Limited.The updated rating structure, alongside the scope of the ratings, is detailed below...

Hindustan Tin Works Ltd Receives Tax Order from Sonipat Authority for Assessment Year 2017-18 Hindustan Tin Works Limited has received an order from the Excise & Taxation Officer-cum-Assessing Authority in Sonipat regarding tax matters pertaining to the assessment year 2017-18.The company received the order on June 23, 2026. The action taken by the authority was based on Section 9(1)(C) of the Haryana Tax on Entry of Goods into Local Areas Act, 2008.Details concerning the tax order are as follows:AspectDetailsAuthorityExcise & Taxation Officer-cum-Assessing Authority, (W-05) SonipatDate of ReceiptJune 23, 2026Tax AssessedRs. 27,86,188/-Interest LeviedRs. 27,86,188/-Regarding the impact on the company's...

Bharat Coking Coal Limited Reports Acquisition of Acquittal in Fatal Accident Litigation Bharat Coking Coal Limited (BCCL) has announced that a significant piece of litigation, originally disclosed in its offer documents, has been concluded following an acquittal by the competent judicial authority. The case related to a fatal accident occurred on December 10, 2013, at the Jamunia Open Cast Project.The complaint had been filed by the State of Jharkhand, through the Deputy Director of Mines Safety, against six officials and persons associated with the project.According to details released by the company, the Court of the Learned Judicial Magistrate, 1st Class, Dhanbad, issued an order dated May 6, 2026. This order acquitted all...

Union Bank of India Confirms Full Redemption and Interest Payment on Bond Union Bank of India has completed the full redemption of a bond tranche, confirming the timely payment of principal along with annual interest to investors. The transaction details concern a call option exercised by the bondholders, which led to the settlement process being finalized on June 24, 2026.The company confirmed that the specified bond debt has been fully redeemed, and the associated payments were completed according to the terms agreed upon with the investors and based on the relevant beneficiary position record date.Details regarding the redemption transaction are summarized below:DetailSpecificationISININE692A08144Type of RedemptionFull...

Indian Railway Finance Corporation Proposes Offer for Sale of Nearly 243 Million Equity Shares The Government of India, acting through the Ministry of Railways and the President of India, has proposed an offer for sale of equity shares in Indian Railway Finance Corporation Limited. The offer targets a total size of up to 243,087,100 Equity Shares, representing 1.86% of the company's total paid-up equity share capital.The proposed Offer was announced following the exercise of the Oversubscription Option. This transaction involves both the Base Offer Size and an additional allocation from the Oversubscription Option.Key details regarding the offer include:Total Offer Shares: 243,087,100 Equity Shares (up to). Ownership Stake: The...

Pidilite Industries Announces AGM Date and Record Date for Final Dividend Payment Pidilite Industries Ltd. has announced the date for its 57th Annual General Meeting (AGM) and provided details regarding the record date for determining members entitled to receive the final dividend for the Financial Year 2025-26.The company stated that the 57th AGM of its members is scheduled to be held on Tuesday, August 4, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).To facilitate the payment of the final dividend for FY 2025-26 and the subsequent AGM, Pidilite Industries Ltd. has set a record date of Thursday, July 23, 2026, across both major stock exchanges.The details regarding the...