Markets

SEBI Shifts Regulatory Paradigm: Common Ad Code Proposal Promises Ease of Business for Financial Entities Regulator Eyes Unified Framework to Streamline Financial Advertising Mumbai, June 23, 2026 – The Securities and Exchange Board of India (SEBI) has released a groundbreaking Consultation Paper proposing a Common Advertisement Code (CAC). This initiative aims to replace the existing fragmented, entity-specific advertising regulations governing various financial intermediaries. These regulated entities include Stock Brokers, Investment Advisers, Research Analysts, Mutual Funds/AMCs, and Portfolio Managers.The proposal intends to create a unified technology-enabled advertisement framework. This structure seeks to balance stringent...

Harikanta Overseas Ltd to Hold Board Meeting for Approval of Half Yearly and Annual Financial Results Harikanta Overseas Ltd has scheduled a meeting of its Board of Directors to review and approve the company's audited financial results for the half year and the full year ending on March 31, 2026. The meeting is set to take place on Friday, June 26, 2026, at 11:00 a.m. at the company’s Registered Office.The primary agenda for the Board includes the consideration and approval of both the Audited Standalone and Consolidated Financial Results for the specified period.In adherence to the Company's Code of Conduct regarding insider trading regulations, the trading window for Harikanta Overseas Limited is currently closed for all...

IDC Recommends Fair and Reasonable Open Offer for Purple Finance Ltd. Shareholders The Committee of Independent Directors (IDC) of Purple Finance Limited has provided a reasoned recommendation regarding the ongoing open offer, finding that the proposed offer price is fair and reasonable from a regulatory perspective. The unanimous recommendation was made during a meeting held on June 23, 2026.The Open Offer for the acquisition of equity shares in Purple Finance Limited has been initiated by Allied Commodities Private Limited and Mr. Sandeep Jindal (collectively referred to as Acquirers). These Acquirers are supported by four Persons Acting in Concert (PACs): Intellect Stock Broking Limited, Intellect Money Finvest Private Limited, Mr...

Forcas Studio Limited Revises Remuneration of Key Executives Following Board Approval The Board of Directors of Forcas Studio Limited has approved revisions to the remuneration packages for two key executives following recommendations from the Nomination and Remuneration Committee. The changes were formalized during a board meeting held on June 23, 2026.The revised compensation structure covers both Mr. Sailesh Agarwal, Managing Director, and Mr. Sourav Agarwal, Whole-time Director and CFO. Both revisions are subject to the subsequent approval of shareholders at an ensuing General Meeting.Mr. Sailesh Agarwal, who holds the position of Managing Director, will see his remuneration revised to ₹8.00 lakhs per month. Previously, his...

CreditAccess Grameen Ltd Allots 11,648 Equity Shares Under Employees Stock Option Plan CreditAccess Grameen Ltd announced the allotment of equity shares to employees who exercised their options under the CAGL Employees Stock Option Plan - 2011. The allotment was executed by the Executive, Borrowings and Investment Committee of the Board of Directors.The company allotted 11,648 Equity shares, with each share valued at ₹10/-. These allotments were made to six employees.As part of this equity transaction, it is confirmed that the allocated ESOP shares will rank pari-passu with the existing Equity Shares of CreditAccess Grameen Limited in all respects.CREDITACC Stock Price Movement Shares of CREDITACCESS GRAMEEN LIMITED slipped by...

Likhami Consulting Ltd Board Meeting Scheduled to Approve FY2026 Reports and Plan 44th AGM Likhami Consulting Limited has scheduled a meeting of its Board of Directors to address several crucial operational and governance matters, including the approval of annual reports and planning for the company's upcoming general assembly.The Board Meeting is set to take place on Thursday, July 2, 2026, at 12:30 P.M. The meeting will be held at the Company’s registered office in Mumbai.The agenda items for the Directors include finalizing plans and approvals related to the company's financial performance and future corporate events. Key points set for consideration are:44th Annual General Meeting (AGM): Deciding upon the date, time, venue...

Promoter Vinod Juthalal Visaria Reduces Stake in Lamosaic India Limited through Open Market Sales Vinod Juthalal Visaria, a promoter of Lamosaic India Limited, has sold equity shares in the company through open market transactions. These sales resulted in a reduction of his stake in the listed entity.The Promoter held 44,93,166 shares and possessed a 43.47% shareholding in Lamosaic India Limited prior to the reported acquisition/disposal activities. The sales were executed on the open market over a period spanning June 2026.Details of the change in shareholding for Vinod Juthalal Visaria are summarized below:DetailsBefore Acquisition/DisposalAfter Acquisition/DisposalMode of AcquisitionShares Carrying Voting Rights...

REC Limited Appoints Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Independent Directors REC Limited has announced the appointment of two individuals, Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi, as Part-time Non-Official (Independent) Directors on its Board. The appointments were formalized with effect from June 22, 2026.The Ministry of Power, Government of India, conveyed the appointments under an Order dated June 22, 2026, confirming both individuals as independent directors. Following the appointment, both Dr. Gupta and Dr. Devi assumed charge of their respective posts on the board.In addition to their appointment, declarations received from Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi confirm...

Minolta Finance Ltd Withdraws Record Date for Proposed Rights Issue Minolta Finance Ltd has announced the withdrawal of the record date previously set for its proposed rights issue due to unforeseen circumstances and pending procedural formalities. The company confirmed that the original record date, fixed for Tuesday, June 30, 2026, stands cancelled with immediate effect.The record date had been designated as the key date for determining shareholders eligible to participate in the proposed rights issue of Minolta Finance Ltd.Minolta Finance stated that the withdrawal is necessitated by ongoing procedural formalities related to depositories. The company confirmed it will communicate a revised Record Date and any other terms...

Beacon Trusteeship Limited Approves Internal Auditor Appointment and Schedules 11th AGM Beacon Trusteeship Limited has announced key outcomes from its Board Meeting held on June 23, 2026. The company approved the appointment of a new internal auditor for the Financial Year 2026-27 and finalized details regarding its upcoming Annual General Meeting (AGM).The Board meeting approved operational decisions related to the upcoming AGM and the financial control structure of the company.11th Annual General Meeting Details The management confirmed that the 11th Annual General Meeting (AGM) is scheduled for Monday, July 20, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).To ensure...

Few Shares Tendered in Open Offer for Novartis India Equity The tender of equity shares from the public shareholders in connection with the Open Offer for Novartis India Limited has recorded very low figures as of June 23, 2026.The Open Offer concerns the acquisition of up to 64,19,608 fully paidup equity shares of face value INR 5 each, representing 26% of the Voting Share Capital of Novartis India Limited. The Acquirers in this transaction include WaveRise Investments Limited, ChrysCapital Fund X, Two Infinity Partners, ChrysCapital X, LLC, and OceanEdge Investments Limited.As per the disclosure regarding the Open Offer, submissions were recorded across two channels: dematerialized form and physical form.The details of shares...

Aanchal Ispat Ltd Board Approves Issuance of Up to 10.55 Lakh Fully Convertible Warrants Aanchal Ispat Ltd announced decisions made by its Board of Directors during a meeting held on June 23, 2026. Among the key approvals was the raising of funds through the issuance of Fully Convertible Warrants (FCWs) on a preferential basis to the Promoter category.The company approved the offer for up to 10,55,000 FCWs with a face value of Rs. 10 each. The warrants are being offered at an issue price of Rs. 82 per warrant, aggregating up to Rs. 8,65,10,000.Under the proposed issuance structure, only 25% of the Warrant Issue Price is payable at the time of subscription and allotment. The remaining 75% will be paid by the warrant holder upon the...

Panorama Studios Inflight LLP Signs Agreement with Unnathi Studio for Worldwide Airborne Rights of 'Bayakegalu Berooridaga' Panorama Studios International Limited, through its subsidiary Panorama Studios Inflight LLP, has finalized an agreement with M/S Unnathi Studio Pvt Ltd regarding the exploitation of airborne rights for the cinematographic film titled 'Bayakegalu Berooridaga'.The agreement grants Unnathi Studio exclusive worldwide rights to exploit the airborne aspects of the film, including in India. This strategic partnership focuses on maximizing the commercial reach and specialized rights associated with the production.'Bayakegalu Berooridaga' features a cast including Sharanya Pattanshetty, Akarsh Aditys, Ajay...

BlueStone Jewellery and Lifestyle to Host Non-Deal Roadshow in Singapore BlueStone Jewellery and Lifestyle Ltd has announced its participation in a nondeal roadshow scheduled for next month, targeting analysts and institutional investors. The meeting is set to be held physically in Singapore.The event details confirm that the company will participate in the non-deal roadshow on Tuesday, June 30, 2026. The physical meeting is slated to commence at 10 a.m. SGT (Singapore Time).In preparation for the investor gathering, BlueStone has made available relevant materials. These include the latest earnings presentation and the Investor Day 2026 presentation. The company uploaded these documents on its website on April 23, 2026, and...

RBI Governor Launches CAFRAL Campus, Bolstering Capacity Building and Advanced Financial Research The Reserve Bank of India (RBI) has significantly amplified its focus on advanced financial research and capacity building. Shri Sanjay Malhotra, the Governor of the Reserve Bank of India, inaugurated the new campus facility for the Centre for Advanced Financial Research and Learning (CAFRAL). This RBI-promoted institution is set to redefine the standards of finance education and professional development in the country.The Significance of the CAFRAL Campus Inauguration The inauguration ceremony took place in Mumbai on June 23, 2026. Governor Shri Sanjay Malhotra utilized the occasion to emphasize the critical importance of continuous...

TANFAC Industries Approves Issue Opening and Sets Floor Price at ₹2090.34 Per Share TANFAC Industries Ltd., a joint sector company alongside TIDCO and Anupam Rasayan India Ltd., announced key approvals regarding its upcoming equity Issue. The Fund-Raising Committee meeting held on June 23, 2026, finalized the parameters for the placement document and authorized the start of the Issue.The committee approved and adopted the preliminary placement document, dated June 23, 2026, along with the application form related to the planned Issue. The decision also granted authorization to open the Issue immediately on June 23, 2026.A material component of the approval was the setting of the floor price for the Issue. The committee approved a...

Honasa Consumer Limited Acquires 58% Stake in Fluence Pharma to Enter Nutraceuticals Space Honasa Consumer Limited, a prominent name in India's beauty and personal care sector, has announced a strategic move into the nutraceuticals industry. The company has acquired a majority stake of 58% in Fluence Pharma, a science-backed nutraceuticals company known for its patented Cyclical Nutrition Therapy (CNT 1) and robust dermatologist-led distribution network.This acquisition marks Honasa's formal entry into the high-growth nutraceutical market, aiming to build science-backed solutions that address the evolving consumer demand for holistic "inside out" beauty in India. The overall Indian nutraceuticals market is estimated at over INR 16,000...

Auto Giant Honda Motor Acquires Key Stake in Astemo, Bolstering Component Dominance Post CCI Approval Strategic Importance of the Acquisition The Competition Commission of India (CCI) has granted approval for a major strategic transaction within the automotive sector. The approved combination involves the acquisition of a 21% voting interest in Astemo, Ltd. by Honda Motor Co., Ltd. This move significantly expands the footprint of the Acquirer in the high-precision component market.The acquisition is structured as a sale from Hitachi, Ltd. to Honda Motor Co., Ltd., representing a calculated expansion of the supply chain capability for the industry leaders. The formal approval was issued by the CCI on June 23, 2026.Understanding the...

Promoter Sells Equity Shares in Enbee Trade & Finance Ltd; Holding Reduced Post-Sale Enbee Trade & Finance Ltd reports that a member of the Promoter Group, Bharathi Narendra Gala, has sold equity shares. The transaction resulted in a reduction of their stake in the company.The sale occurred through the open market and was reported on June 23, 2026. Bharathi Narendra Gala disposed of 69,00,000 Equity Shares, which were valued at [20,04,728].Following this transaction, the individual's holding in Enbee Trade & Finance Ltd stands at 1,46,81,410 shares. The post-sale holding represents 2.09% of the company's equity shares, down from a previous stake of 3.08%.The details of the shareholding changes for Bharathi Narendra Gala are as...

Polymac Thermoformers Ltd updates Board composition; Independent Director resigns, new appointee announced Polymac Thermoformers Ltd has made changes to its board of directors. The company recorded the resignation of Mr. Abhay Goenka as an Independent Director and simultaneously approved the appointment of Mr. Titas Bose as an Additional Director designated as an Independent Director. These decisions were finalized during a Board meeting held on June 23, 2026.Mr. Abhay Goenka tendered his resignation from the post of Independent Director, effective June 22, 2026. The company confirmed that the resignation was due to personal and unavoidable circumstances. Mr. Goenka also provided confirmation stating that there are no other material...