Markets

Anubhav Plast IPO Closes with 2.1x Subscription: Retail Investors Lead Rally as SME Listing Date Set The initial public offering (IPO) of ERW steel pipes and tubes manufacturer Anubhav Plast concluded on June 23rd, witnessing a healthy subscription level. The company successfully raised Rs 24 crore through the issuance of 30 lakh shares at the upper end of the price band, which was set between Rs 77 and Rs 80 per share.The total issue comprising entirely a fresh issue aims to capitalize on expanding corporate needs while serving key infrastructure sectors. Investors collectively bid for 44.97 lakh shares during the three-day bidding period. This figure represents a robust 2.1 times subscription against the offer size of 21.52 lakh...

Eurogrip Tyres Expands Retail Footprint with 16th Exclusive Store Launch in Panipat Eurogrip Tyres, the leading two and three-wheeler tyre brand from TVS Srichakra Ltd., has inaugurated its new exclusive retail store in Panipat, Haryana. This expansion marks the brand’s 16th signature store in India, solidifying its commitment to providing a comprehensive tyre and two-wheeler care experience to customers.The opening of the store was celebrated with distinguished guests from the Eurogrip team and business partners present.TVS Srichakra Ltd.'s Chief Operating Officer, Mr. T.K.Ravi, stated that the launch is an important milestone as we continue to bring high-quality products and dependable services closer to customers. He noted that...

Central Tax Commissionerate Orders Manoj Vaibhav Gems on ITC Misuse of IPO Expenses Manoj Vaibhav Gems N Jewellers Ltd has received an order from the Office of the Principal Commissioner of Central Tax, Visakhapatnam, concerning the availment and utilization of Input Tax Credit (ITC) accrued on Initial Public Offer (IPO) expenses. The order was issued on June 22, 2026.The tax authorities confirmed demands and equivalent penalties related to alleged irregular use of ITC amounting to Rs. 2,92,10,460/-. This ITC relates to IPO expenses incurred for the period from December 2021 to March 2025, which were allegedly treated as an exempt supply transaction in securities under Section 17(3) of the CGST Act, 2017.The cumulative monetary...

Healthy Life Agritec Approves Annual Results; Audit Notes Highlight Compliance Issues Healthy Life Agritec Ltd has approved its Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2026. The company's Board of Directors reviewed and ratified these results at a meeting held on June 8, 2026. These results reflect operational activities across the consolidated group and include the completion of an unmodified audit by NYS & Company, Chartered Accountants.The financial period saw the company successfully raise capital through a Rights Issue. During the year, Healthy Life Agritec issued equity shares totaling 24,812,000 at a face value of Rs. 10 each, generating Rs. 2,481.20 lakhs.Standalone Financial...

Xpro India Limited Announces 29th AGM and Makes Annual Report for FY 2025-26 Available Xpro India Limited has announced details regarding its upcoming general meeting and confirmed the availability of its Annual Report for the Financial Year 2025-26.The company's members are invited to attend the 29th Annual General Meeting (AGM), which is scheduled to be held on Monday, July 20, 2026. The meeting will commence at 10.30 A.M. (IST) and will be conducted via Video Conferencing facility or other Audio Visual Means.In addition to the AGM notice, Xpro India Limited has made its Annual Report for 2025-26 accessible online. Shareholders can download the complete details of the Annual Report from the 'Financials' tab on the company website...

Mayank Cattle Food Ltd Re-appoints Key Directors for Five Years, Announces Board Decisions Mayank Cattle Food Ltd announced decisions regarding the re-appointment of several directors following a board meeting held on June 23, 2026. The company confirmed the appointment and tenure details for its Managing Director, three Whole-time Directors, and one Independent Director.The appointments are effective from July 24, 2026, for a period of five years. These decisions were made based on recommendations from the Nomination and Remuneration Committee and remain subject to shareholder approval.Board Decisions and Key Appointments The company proceeded with the re-appointment of directors during its meeting, which commenced at 04:00 P.M...

IRCTC Chief Executive Resigns; Appointment Effective July 20, 2026 Indian Railway Catering and Tourism Corporation Limited (IRCTC), a Government of India Enterprise and Navratna status organization, has confirmed the resignation of its Chairman and Managing Director.The Competent Authority has approved the resignation of Shri Sanjay Kumar Jain from his post as Chairman and Managing Director of IRCTC, effective July 20, 2026. This approval was conveyed by the Ministry of Railways, Government of India. The company noted that orders regarding the additional charge for the position will be issued in due course.The resignation details include the following key points:ParticularsDetailsReason for changeApproval of resignation on...

Shayona Engineering Ltd Secures Domestic Orders for Industrial Piping Solutions Shayona Engineering Limited has secured new purchase orders from a domestic customer for the supply of industrial piping solutions. The orders were received on Monday, June 22, 2026, and the company is set to execute contracts aggregating up to ₹25,55,906/- inclusive of GST.The orders pertain to the supply of industrial piping solutions as per agreed specifications and delivery schedules. While the customer's name has been withheld due to contractual confidentiality obligations, the orders are entirely domestic in nature.Order Details at a Glance A total of two purchase orders were received from the customer, making up an aggregate value of ₹38,92,916/-...

Rajshree Polypack Limited re-appoints Mr. Praveen Bhatia as Non-Executive Independent Director for five years Rajshree Polypack Limited has approved the re-appointment of Mr. Praveen Bhatia as a Non-Executive Independent Director. This decision was made by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.The appointment is set for the second term, spanning five years. The term commences from June 24, 2026, until June 23, 2031, and is subject to the approval of the company's shareholders.Mr. Praveen Bhatia, who holds a Bachelor of Commerce degree from the University of Delhi, is also a qualified Chartered Accountant and a fellow member of ICAI. He possesses over thirty-three years of...

Shyam Dhani Industries Unveils Four-Pronged Strategy Aiming for 300 Cr Turnover in Three Years Jaipur, June 23, 2026 - Shyam Dhani Industries Limited, a leading spice brand based in Rajasthan, has announced an ambitious growth strategy targeting a business turnover of ₹300 Crore over the next three years. The company, which offers over 163 varieties of premium IPM and ETO-free spices, is building on its strong FY26 performance to achieve sustained expansion in both domestic retail and international markets.The management set an expected annual growth rate between 25% and 30%, aiming to scale significantly from its current standing. The company's focus is centered on catering to the rising consumer demand for high-quality, healthy...

Ethos Ltd Expands Luxury Retail Footprint With New Boutique Opening in Vizag Ethos Limited has significantly expanded its luxury retail presence in India by inaugurating a new Ethos Watch Boutique in Vizag, Andhra Pradesh. This latest addition marks a strategic move to strengthen the company's brand portfolio and deepen its reach within prominent luxury markets across the country.The new boutique is located at UG-37 in Inorbit Malls, Vizag, providing increased accessibility of exclusive luxury brands to discerning customers in India.With the opening of this outlet in Andhra Pradesh, Ethos Limited now boasts a network of 102 boutiques spanning across India. The launch reinforces the company's commitment to delivering unparalleled...

Aelea Commodities Secures Rs 13.86 Crores Working Capital Term Loan from HDFC Bank Aelea Commodities Limited has finalized a working capital term loan facility of Rs 13.86 Crores provided by HDFC Bank Ltd. This agreement was executed on June 23, 2026.The loan provides Aelea Commodities with the necessary working capital support. The transaction involves both parties being non-related to the promoter or promoter group, and is not classified as a related party transaction.As part of the facility, which falls under the Emergency Credit Line Guaranteed Scheme (ECLGS) 5.0 facilitated by National Credit Guarantee Trustee Company Ltd, Aelea Commodities has secured the loan from HDFC Bank Ltd.The agreement includes specific security...

Sunteck Realty Incorporates Two Wholly Owned Subsidiaries in Real Estate Sector Sunteck Realty Limited has established two new wholly owned subsidiaries, Eminara Realty Private Limited and Eminara Lifespace Private Limited. The incorporation was completed in India on June 20, 2026, marking a strategic expansion into the real estate activities sector.The newly incorporated entities are positioned to operate within Construction, Real Estate, and allied fields. Sunteck Realty Limited holds full control over both organizations.Financial details regarding the subscription of shares for these two subsidiaries include:Entity NameShares SubscribedFace Value per ShareTotal Cost to SunteckEminara Realty Private Limited (ERPL)10,000...

Lloyds Metals and Energy Ltd Grants 17,049 Employee Stock Options under ESOP-2024 Scheme The Nomination and Remuneration Committee (NRC) of Lloyds Metals and Energy Ltd announced the approval of a significant grant of employee stock options. The decision was formalized on June 23, 2026, approving 17,049 Employee Stock Options (Options) under the 'Lloyds Metals and Energy Employee Stock Option Scheme - 2024' (LLOYDS ESOP-2024).The grant of these options falls under the established LLOYDS ESOP-2024 plan. The details regarding the scheme confirm that the options granted will be exercisable into not more than 17,049 equity shares, which have a face value of Re. 1/- (Rupee One Only) each and are fully paid up.Key terms governing the...

Purohit Construction Approves Investment in New LLP Focused on PEB and Infrastructure Projects Purohit Construction Limited has approved the incorporation of a new Limited Liability Partnership (LLP) named "PEB PCL INFRACON LLP" to expand its operations across the Pre-Engineered Buildings (PEB), infrastructure, construction, and engineering sectors. The decision was made by the company's Board of Directors on June 23, 2026.The Company will participate in the proposed LLP by making a capital contribution of ₹51,000/-. This investment secures Purohit Construction Limited a 51% share in profits and losses within the new entity. Mr. Saumil Narendrabhai Purohit is designated as the nominee representing the Company's participation in the...

Lords Mark Industries Establishes New IVD Manufacturing Facility in Vasai; Total Footprint Increases to 34,000 Sq. Ft. Lords Mark Industries Limited, formerly known as Lords Mark India Limited and Kratos Energy & Infrastructure Limited, has significantly expanded its operational capacity by establishing a new state-of-the-art In Vitro Diagnostics (IVD) manufacturing facility in Vasai (East), Maharashtra. The launch of this new unit marks a major stride for the company in strengthening its production capabilities within the diagnostics sector.The new facility, which measures approximately 14,000 sq. ft., became operational two months ahead of the August 2026 schedule. This expansion has increased the Company's total manufacturing...

Cyber Media India Issues Forfeiture Notice for Unpaid Partly Paid-Up Equity Shares Cyber Media India Ltd has issued a Notice of Forfeiture concerning its partly paid-up equity shares, targeting shareholders whose First and Final Call Money remains unpaid. The decision was made following a Board meeting regarding the company's Rights Issue.The forfeiture notice, issued on June 23, 2026, pertains to all holders of 1,71,329 partly paid-up equity shares that have not settled their outstanding call money. The notice was circulated in both electronic and physical modes to ensure comprehensive notification.Background on Share Forfeiture The action stems from the non-payment of the required call money related to a Rights Issue. Shareholders...

Mangalam Organics Announces Leadership Transitions and Key Appointments Mangalam Organics Ltd has announced significant leadership changes following its Board meeting held on June 23, 2026, including the retirement of a long-serving executive and the subsequent appointments of new Chief Financial Officer (CFO) and specialized auditors.The company confirmed that Mr. Shrirang V. Rajule will retire from his positions as Chief Financial Officer and Key Managerial Personnel. His cessation will be effective from the close of business hours on June 30, 2026, after attaining the age of retirement prescribed by the company. The management extended sincere appreciation for his valuable contribution and dedicated service to the organization...

Eurogrip Tyres Opens Five Exclusive Retail Stores in Hyderabad, Expanding Market Footprint Eurogrip Tyres, a leading 2 and 3-wheeler tyre brand under TVS Srichakra Ltd., has announced the launch of five new exclusive retail stores in Hyderabad, Telangana. This expansion signifies the brand’s continued focus on strengthening its retail presence and enhancing customer service across India.The new outlets are designed to offer customers a complete experience, providing access to Eurogrip's entire range of tyres and tubes suitable for various two-wheeler segments, including scooters, commuter motorcycles, performance bikes, adventure touring bikes, and superbikes.Speaking on the occasion, T.K. Ravi, Chief Operating Officer of TVS...

Industry Surge vs Agriculture Cuts: West Bengal BJP Budget Reshapes Spending Priorities in Massive Shift West Bengal’s first complete budget under the Bharatiya Janata Party (BJP) government signals a significant recalibration of state investment. While overall spending has increased substantially, the budget makes marginal trims to capital expenditure compared to the previous interim proposal. The core takeaway is a sharp pivot towards industrial and transportation sectors, moving away from allocations for rural and agricultural activities.Budget Overview: Trimming Capex Amid Increased Expenditure Total expenditure in the June budget has been raised significantly, reaching Rs 4.29 lakh crore, up from the Rs 3.96 lakh crore proposed...