Markets

Everest Kanto Cylinder Ltd Reports Regarding Volume Movement and Operational Stability Everest Kanto Cylinder Limited, a manufacturer of High Pressure Seamless Gas Cylinders, issued a statement confirming market standing following inquiries into volume movements.The company indicated that it is compliant with all applicable regulations concerning the disclosure of material events. The statement assured stakeholders that no further events or information impacting the operational performance or price movement of the scrip required additional disclosure beyond what has already been made.EKC Stock Price Movement Everest Kanto Cylinder Limited shares slipped today, shedding 1.74% of their value to settle at ₹124.00. The stock saw robust...

Navin Fluorine Schedules Board Meeting to Review Q1 Financial Results; Announces Trading Window Closure Navin Fluorine International Ltd has announced that its Board of Directors will hold a meeting to review and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.The company is set to convene the board meeting on Wednesday, August 05, 2026. The primary focus of the meeting will be to consider and take on record the financial results pertaining to the period ending June 30, 2026.In addition to the Board meeting announcement, Navin Fluorine has also provided details regarding the closure of its trading window in accordance with established company protocols. The trading window for...

Akasa Air Sets Two-Year IPO Target as CFO Reaffirms Focus on Operational Value Creation Akasa Air has solidified its long-term trajectory, stating that an Initial Public Offering (IPO) is a certainty, not a possibility. The airline's Chief Financial Officer, Ankur Goel, disclosed in New Delhi that the public market debut will be targeted within the next two to four years. This timeline is directly linked to meeting specific operational and financial milestones rather than merely achieving a fundraising goal.Mr. Goel emphasized that the IPO represents a culmination of business creation, not just capital raising. He stated firmly that "IPO will happen for us," making it a question of when, provided the carrier continues building...

Cranex Ltd Secures ₹18.52 Crore in New Orders; Total Order Book Crosses ₹100 Crores Cranex Limited has announced that it has secured fresh orders aggregating approximately ₹18.52 Crores for the manufacturing and supply of various EOT Cranes and related products. With this recent influx of contracts, the company's total order book has crossed the significant milestone of ₹100 Crores.The newly received orders involve prestigious projects from Bharat Heavy Electricals Limited (BHEL) and Indian Railways. These deals further solidify Cranex Limited's standing as a reliable supplier offering material handling solutions for critical industrial and infrastructure initiatives across India.Key contracts secured through these new orders...

Ola Electric Stock Surges After Indigenous LFP Battery Cell Secures Landmark BIS Certification Ola Electric Mobility shares climbed significantly in afternoon trade after news broke that its subsidiary, Ola Cell Technologies (OCT), secured Bureau of Indian Standards (BIS) certification for its indigenously developed LFP 46100 cylindrical battery cell. The stock was trading at Rs 43.77, reflecting a gain of 2.94%.The certification marks a major achievement for the company and the domestic EV ecosystem. Ola Electric is now the first Indian company to secure BIS approval for an indigenously developed battery cell in the high-demand 46100 format.Technical Compliance and Battery Excellence The LFP 46100 cell has met stringent...

SME IPO Surge: Six Small-Cap Issues Capture Investor Attention as Fintech and Tourism Stocks Open India's small and medium enterprise (SME) public issues market remains a robust source of activity this week, with six distinct offerings drawing attention across the BSE and NSE platforms. These public issues are catering to diverse sectors, from technology and finance to leisure tourism and consumer goods. Investors looking for high-growth opportunities in the micro-cap space have several focused avenues available as subscriptions close or new issues launch.Current SME IPO Activity and Closures Three companies currently operating their issue periods, or closing within the next few days, including Advit Jewels, Waterways Leisure Tourism...

Mangalam Alloys Limited Appoints New Company Secretary and Compliance Officer Mangalam Alloys Limited has appointed Mr. Jitendrakumar Hiralal Kalal as its Company Secretary and Compliance Officer, following approval by the Board of Directors. The appointment is effective from June 23, 2026.The company's Board of Directors approved the appointment during a meeting held on June 23, 2026. Mr. Jitendrakumar Hiralal Kalal was appointed as Company Secretary and Compliance Officer based on the recommendation of the Nomination and Remuneration Committee, and the appointment has been approved by the Board of Directors of Mangalam Alloys Limited.Mr. Kalal is an Associate Member of the Institute of Company Secretaries of India (ACS: 42407). He...

NBFC Surge Overtakes PSU Dominance in Gold Loans: Market Shifts Amid Rise of High-Value Lending The landscape of India’s gold loan market is undergoing a fundamental transition. The long-standing dominance of Public Sector Banks (PSBs) is facing intense pressure, as private sector banks and Non-Banking Financial Companies (NBFCs) aggressively capture growing market share. This structural shift is driven by faster turnaround times, stronger distribution networks, and evolving consumer preferences favoring non-bank lenders in the gold loan segment.The Erosion of Public Sector Bank Share According to a detailed report by Experian on "Gold Loans in Transition," PSBs have seen their sourcing share decline significantly over recent...

IT Index Plummets 2% as Accenture's Weak Outlook Fuels AI Demand Fears; TCS, Wipro Lead Major Losses The Indian information technology sector saw a sharp decline, dipping by 2% on June 23. The drop was primarily attributed to soft demand signals identified by Jefferies and Morgan Stanley. These concerns are heavily amplified by the weak guidance provided by bellwether firm Accenture Plc, amid persistent anxiety surrounding the future of artificial intelligence (AI) within the industry.Tata Consultancy Services (TCS), Wipro, and Infosys led the decline in the Nifty IT index. Their shares fell significantly at 2.91%, 2.81%, and 2.69%, respectively. These results highlighted the sector's mounting pressures as clients reconsider...

Sonal Adhesives Ltd Confirms Share Transmission Following Promoter Group Member's Demise, Updates Promoter Status Sonal Adhesives Ltd announced a significant change in its promoter group status and shareholding following the demise of Ms. Kamal Arora on June 23, 2026. The company confirmed the transmission of shares held by Ms. Arora to her legal heirs, reflecting an automatic change in the definition of the promoter group.As per regulations regarding the listing obligations, the death of Mrs. Kamal Arora led to her exclusion from the list of individuals within the promoter group. Concurrently, the company reported the complete details of the share transmission involving Ms. Arora's holdings.The shares held by Ms. Kamal Arora were...

NHAI and NCAER Partner to Launch India's First Centre for Transportation Economics In a move aimed at revolutionizing policy formulation in infrastructure, the National Highways Authority of India (NHAI) has signed a Memorandum of Understanding (MoU) with the National Council of Applied Economic Research (NCAER). This collaboration marks the establishment of the NHAI Centre for Economics of Transportation, Mobility and Logistics at NCAER. The center is positioned as India's first permanent and independent research institute dedicated entirely to this critical field.The initiative was signed during an event held at NHAI HQ, attended by the Chairman NHAI, DG NCAER, and senior officials from both organizations. This groundbreaking...

Striders FZ Secures Merchandise License Agreement with Hasbro, Expanding Market Reach Striders Impex Limited’s wholly owned subsidiary, Striders FZ L.L.C., has entered into a Merchandise License Agreement with Hasbro Consumer Products Licensing Limited. The agreement grants Striders FZ the rights to manufacture, market, distribute, and sell licensed products across specified territories.Under the terms of the agreement, Striders FZ will be authorized to produce merchandise, games, toys, and related products based on several Licensed Properties. These properties include Peppa Pig, Play-DOH, My Little Pony, and Transformers.The licensing rights granted through this partnership cover the Middle East region, encompassing Bahrain, United...

UFO Moviez India Ltd Allots 10,000 Equity Shares Under ESOP Scheme 2014 UFO Moviez India Limited announced the allotment of equity shares to eligible employees under its Employee Stock Option Scheme 2014 (ESOP Scheme 2014). The allocation was completed on June 23, 2026.The Finance Committee of the Board of Directors authorized the allotment of 10,000 equity shares of the company to eligible employees who exercised their stock options granted under the ESOP Scheme 2014.The transaction details confirm that each share has a face value of Rs. 10/-. The shares were allotted at an exercise price of Rs. 50/-, with a premium of Rs. 40/- per equity share.The allotment resulted in an increase in the paid-up share capital of UFO Moviez India...

Aelea Commodities Ltd Board Approves Rs 13.86 Crore Credit Facility Enhancement Under ECLGS Scheme Aelea Commodities Ltd has secured an enhancement of its operational credit facilities, following a decision by its Board of Directors. The company approved the increase in credit facilities amounting to Rs 13.86 crore.The approval pertains to the 'Emergency Credit line Guaranteed Scheme' (ECLGS) 5.0 and Operational Guidelines issued by National Credit Guarantee Trustee Company Ltd (NCGTCL/Trustee). This scheme was mandated under guidelines dated May 8, 2026.As a wholly owned Trustee Company of the Government of India, NCGTCL/Trustee oversees this program. Since Aelea Commodities Ltd meets the definition of an eligible borrower under...

Coromandel International Limited Allots 1,800 Equity Shares Under ESOP Scheme 2016 Coromandel International Limited has completed the allotment of equity shares to option grantees under its ESOP Scheme 2016. The allocation was approved by the company's Stakeholders Relationship Committee on June 23, 2026.The company allotted a total of 1,800 equity shares, each with a face value of Re. 1/- to the designated option grantees. These newly issued shares will rank pari-passu with all existing equity shares of Coromandel International Limited.This allotment results in an increase in the share capital of the company. Prior to this action, the share capital stood at Rs. 29,50,14,639, representing 29,50,14,639 equity shares of Re. 1/- each...

Mangalam Alloys Limited Appoints Company Secretary and Compliance Officer Mangalam Alloys Limited has appointed Mr. Jitendrakumar Hiralal Kalal as the Company Secretary and Compliance Officer. The appointment was made with effect from June 23, 2026.The Board of Directors, following a recommendation from the Nomination and Remuneration Committee, approved the appointment of Mr. Jitendrakumar Hiralal Kalal (ACS: 42407) to the roles of Company Secretary and Compliance Officer at Mangalam Alloys Limited.Mr. Kalal is an Associate Member of the Institute of Company Secretaries of India. He possesses a sound understanding of secretarial compliances, corporate governance, and business management, qualifying him for the responsibilities. His...

Oneclick Logistics Issues Corrigendum to EGM Notice; Provides Updated Shareholding Pattern Post-Preferential Allotment Oneclick Logistics India Limited announced a corrigendum to its notice of the Extraordinary General Meeting (EGM) scheduled for July 08, 2026. The update provides crucial details regarding the shareholding pattern of the company before and after the recent preferential allotment of Equity Shares.The EGM was initially noticed on June 08, 2026, and is set to take place on Wednesday, July 08, 2026, at 12:30 p.m., through Video Conferencing or other Audio-Visual Means. The corrigendum serves to amend and provide additional information related to the shareholding structure as of June 05, 2026.The company has published...

CyberTech Systems Extinguishes 8,50,000 Equity Shares Post Buyback CyberTech Systems and Software Ltd has completed the extinguishment of 8,50,000 fully paid-up equity shares following a successful tender offer for its buyback. The process concluded with the company reducing its total equity share capital.The tendering period for the buyback was conducted from June 04, 2026, to June 10, 2026.The details of the company's share structure before and after the extinguishment are as follows:Reconciliation of Share Capital (Pre and Post Extinguishment)ParticularsNo. of Equity SharesEquity Share Capital (in ₹)Paid-up equity share capital (Pre- Buyback)3,11,30,59331,13,05,930Less: Total Equity Shares extinguished in...

Hubtown Limited Approves Mergers with Saicharan Consultancy and 25 West Realty Hubtown Limited has announced the successful approval of two strategic Schemes of Arrangement involving the merger of Saicharan Consultancy Private Limited and 25 West Realty Private Limited into the company. These mergers are designed to consolidate operations, enhance profitability, and strengthen the investment profile across Hubtown’s key real estate projects.The first scheme involves the amalgamation of Saicharan Consultancy Private Limited (SCPL) with Hubtown Limited. This move is intended to consolidate Hubtown's ownership in Rare Townships Private Limited (RTPL), a subsidiary managing the 'Rising City' project located in Ghatkopar (East), Mumbai. At...

GTPL Hathway Acquires Cable Television Businesses of Seven ACT Group Companies for Rs 36.23 Crore GTPL Hathway Ltd has entered into a Business Transfer Agreement (BTA) to acquire the Cable Television business of seven companies belonging to the ACT Group, as part of its strategy to expand the Cable Television sector. The acquisition was finalized on June 23, 2026.The transaction involves acquiring the businesses of A.C.N Cable Private Limited, ACT Digital Home Entertainment Private Limited, Atria Broadband Services Private Limited, Kable First India Private Limited, Sri Venkateshwara Digital Home Entertainment Private Limited, Mandapeta Digital Entertainment Private Limited, and I.B. Communications Network Private Limited.The...