Markets

Acquirers Launch Open Offer for Rekvina Laboratories Ltd aiming to acquire 26% stake at ₹10 per share A collective of three individuals, Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel, have launched an open offer for the acquisition of equity shares in Rekvina Laboratories Limited. The Acquirers are seeking up to 28,90,100 fully paid-up equity shares, representing 26% of the Expanded Share Capital, at a price of ₹10 per Equity Share, payable in cash.The Open Offer is set to commence on Wednesday, July 1, 2026, and will close on Tuesday, July 14, 2026. The maximum consideration for acquiring all offered shares is capped at ₹2,89,01,000.Transaction Details and Acquirer Intentions The open offer comes following a...

Rajeshwari Cans Ltd. Appoints CS Sanjay Dayalji Kukadia as Non-executive Additional Director Rajeshwari Cans Ltd. has appointed CS Sanjay Dayalji Kukadia as a Non-executive Additional Director in the company’s Board Meeting held on June 23, 2026. The appointment is for the Independent Category and is subject to subsequent approval by the members of the General Meeting.The decision was made during the board meeting conducted at the company's registered office.CS Sanjay Dayalji Kukadia brings significant expertise to the role. He is a Qualified Company Secretary and Corporate Law Professional possessing over 18 years of experience spanning corporate compliance, secretarial practice, and regulatory affairs.Key details regarding the...

Organic Coatings Ltd Announces Financial Results for FY2026; Operating Loss Reported Organic Coatings Limited, manufacturers of printing inks and allied products, has released its audited financial results for the year ended March 31, 2026. The company reported a net loss for the fiscal year. The board meeting results also included updates on key personnel appointments and organizational changes.Financial Performance Highlights (Rs in Lakhs) The Statement of Audited Financial Results shows the performance across various periods, including the quarterly figures for the financial year ended March 31, 2026.ParticularsQuarter Ended 31.03.2026 (Audited)Quarter Ended 31.12.2025 (Unaudited)Quarter Ended 31.03.2025 (Audited)Year Ended...

BSE levies fine against Gala Global Products for delayed compliance submission Gala Global Products Ltd has received a notification from the Bombay Stock Exchange (BSE) concerning non-compliance related to the timely submission of its secretarial compliance report. The company is facing a financial implication due to a fine imposed by the exchange.The communication, which was received on June 22, 2026, details that the penalty has been levied for failing to submit the required secretarial compliance report within the specified period for the year ended March 2026. The impact of this matter is financial, relating directly to the amount of the fine payable to BSE.The key details regarding the non-compliance and the imposed penalty are...

Maximus International to Acquire 40% Strategic Stake in Quebec Petroleum Resources Limited for Domestic Expansion Maximus International Ltd., a manufacturer and distributor of specialized industrial and automotive lubricants, has approved the acquisition of a 40% equity stake in Quebec Petroleum Resources Limited (QPRL). This move marks the company's initial significant entry into India's domestic lubricant market.The transaction values the acquired stake at Rs. 18.43 crore, which will be settled through cash consideration. The acquisition focuses on building an integrated domestic platform for Maximus International while it continues to expand its operations in the Middle East and Africa.Strategic Rationale and Target Profile...

Gulshankumar Chopra Leads Acquisition of Niraj Cement Structurals Ltd in Cash Open Offer A cash open offer has been launched by Mr. Gulshankumar Vijaykumar Chopra for the acquisition of equity shares in Niraj Cement Structurals Limited. The Acquirer has offered up to 1,55,20,529 equity shares, representing 26.00% of the fully paid-up equity capital, at an offer price of Rs. 29/- per share, payable in cash.The open offer is aimed at acquiring stakes from public shareholders and complementing previous acquisition agreements executed with two sellers. The total maximum consideration payable for this portion of the acquisition stands at Rs. 45,00,95,341/-.Details of the Offer and Acquisition Strategy Mr. Chopra’s existing holding in...

Ola Electric Receives BIS Certification for Indigenous 46100 LFP Cell, Boosting India's Battery Manufacturing Prowess Ola Cell Technologies (OCT), a wholly owned subsidiary of Ola Electric, announced that it has secured Bureau of Indian Standards (BIS) certification under IS 16046 (Part 2):2018 / IEC 62133-2:2017 for its indigenously developed LFP 46100 cylindrical cell. This achievement marks a critical milestone, making Ola Electric the first Indian company to receive BIS certification for an indigenous cell in the 46100 format and highlighting advancements in India's battery manufacturing capabilities toward energy independence.The successful qualification of the LFP 46100 cell extends Ola Electric's internal cell portfolio beyond...

Striders FZ L.L.C. Enters Merchandise License Agreement with Hasbro Consumer Products Licensing Limited Striders Impex Limited's wholly owned subsidiary, Striders FZ L.L.C., UAE, has entered into a Merchandise License Agreement with Hasbro Consumer Products Licensing Limited. This agreement grants the rights to manufacture, market, distribute, and sell licensed products based on several popular properties.Under the terms of the Agreement, Striders FZ holds the licensing rights for merchandise, games, toys, and related products across defined regions. The licensed properties include Peppa Pig, Play-DOH, My Little Pony, and Transformers.The scope of the agreement covers specific territories in the Middle East, including Bahrain...

TD Power Systems Ltd Receives Credit Rating Upgrade on Bank Facilities from CRISIL Ratings TD Power Systems Ltd has seen its credit ratings for bank facilities revised and upgraded by CRISIL Ratings, according to updates released regarding the company's financing structure. The ratings provide insight into the likelihood of timely payment obligations under the rated instruments.The upgrades pertain to a total of Rs. 488 Crore in Bank Loan Facilities. TD Power Systems Ltd received these ratings from CRISIL Ratings on June 22, 2026.Key rating revisions include:Long Term Rating: The company's Long Term Rating was upgraded and now stands at AA-/Stable, an increase from the previous status of 'Crisil A+/Positive'. Short Term Rating...

Omkar Overseas Ltd Board Approves EGM Notice and Finalizes Key Meeting Details Omkar Overseas Ltd announced several key resolutions following its Board of Directors meeting held on Tuesday, June 23, 2026. The meeting reviewed and approved the notice for an Extra Ordinary General Meeting (EGM) and finalized critical dates and appointments related to the upcoming shareholder events.The Board decisions focused heavily on ensuring efficient conduct of the EGM and associated remote voting processes. A key operational detail is the scheduling of a meeting on Monday, July 27, 2026, which will be conducted via Video Conferencing as per an order passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench.In preparation for the Extra...

Delhivery and Bajaj Auto Partner to Electrify Last-Mile Fleet, Boosting Rider Earnings and Safety Delhivery, India's leading logistics service provider, has partnered with Bajaj Auto, the world's largest manufacturer of three-wheelers, to accelerate the electrification of last-mile delivery operations. The collaboration begins with the deployment of 200 Bajaj RIKI eCarts across Delhivery’s network, specifically targeting Tier-2 and Tier-3 cities as part of the initial phase roll-out.The partnership marks a major push toward modernizing urban logistics by combining Bajaj Auto's expertise in electric mobility with Delhivery's extensive operational scale. The rollout began today at Bajaj Auto in Akurdi, Pune, following an official...

POWERGRID Unchahar Transmission Appoints CEO K Nagraj Bhat POWERGRID Unchahar Transmission Limited (PUTL), the Investment Manager for POWERGRID Infrastructure Investment Trust (PGInvIT), announced the appointment of Shri K Nagraj Bhat as its Chief Executive Officer. The decision was made by the company's Board of Directors in a meeting held on Tuesday, June 23, 2026.Shri K Nagraj Bhat, who currently holds the position of Chief General Manager at Power Grid Corporation of India Limited (POWERGRID), assumed the role as CEO of PUTL effective immediately.The appointment brings over thirty years of experience in the power transmission sector to the leadership role. Shri Bhat possesses a Bachelor's degree in Electrical Engineering from...

Bhadora Industries States No Material Information Influenced Stock Price Movement Bhadora Industries Limited has confirmed that no internal or material developments have driven the recent movement in its share price, stating that the stock performance is solely market-driven and beyond the company's control.The company addressed questions regarding significant movements in the price of its securities, clarifying that it possesses no pending disclosures, announcements, or information that could bear upon the price or volume behavior of its shares across the exchanges.Bhadora Industries confirmed that management was unaware of any underlying material event or development—including negotiations, agreements, or transactions—that would...

Stock Market Takes Break for Muharram: BSE, NSE Closed on June 26; Trading Resumes July 1st Overview of Exchange Holiday Schedule The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed on Friday, June 26, in observance of Muharram. Investors are advised that trading activity will resume on Monday, June 29. This partial holiday marks a break for market participants ahead of a long weekend.The exchanges have scheduled several festive and religious holidays throughout the coming months. Beyond the immediate closure, traders can expect further breaks to account for significant cultural observances in the near future.Upcoming Stock Market Holiday Calendar There are no stock trading holidays scheduled...

Krishna Institute of Medical Sciences Secures Listing Approval from BSE and NSE for 1,98,67,549 QIP Equity Shares Krishna Institute of Medical Sciences Ltd has received listing approvals from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for the shares issued under a Qualified Institutional Placement (QIP). The shares were allotted to qualified institutional buyers.The approval concerns the listing of 1,98,67,549 equity shares, each with a face value of Rs. 2/- following the QIP.Listing and Approval Details Krishna Institute of Medical Sciences informed stakeholders about the successful procurement of necessary clearances from major stock exchanges for these securities. The company secured in-principle...

Saleem Ahmad of RVNL Assumes Additional Charge for CMD Post at IRCON International Limited IRCON International Limited has confirmed that Shri Saleem Ahmad, Chief Managing Director (CMD) of Rail Vikas Nigam Ltd (RVNL), will assume the additional charge of CMD for IRCON International Limited. This move follows the forthcoming superannuation of the incumbent CMD.The assignment was decided by the Competent Authority and relates to the vacancy that will occur on July 1, 2026. The decision stems from the superannuation of Shri Hari Mohan Gupta (DIN: 08453476), who is set to leave his post on June 30, 2026.According to reports, the additional charge of the CMD position at IRCON shall be entrusted to Shri Saleem Ahmad for a period of one...

Global Crypto Exchanges Surge into Real-World Assets as Tokenized Stocks Drive $10 Billion Market Shift Crypto exchanges across the globe are undergoing a massive structural shift, moving beyond purely volatile cryptocurrency trading and betting heavily on real-world assets (RWAs). A burgeoning trend of tokenizing major US stocks is rapidly accelerating this evolution, providing retail investors with novel access to global capital markets. Platforms such as CoinSwitch, Mudrex, and Bybit have successfully rolled out fractionalized shares of giants like Nvidia, Apple, Tesla, Amazon, Alphabet, Meta, and Microsoft, offering exposure at a fraction of the original cost.The tokenized RWA market has reached an impressive valuation, surpassing...

Infinium Pharmachem Releases Audited Financial Results for FY 2025-26; Net Profit Reported Infinium Pharmachem Limited has released its audited financial results for the year ended March 31, 2026. The company’s Board of Directors considered and approved the Annual Audited Standalone and Consolidated Financial Statements for the fiscal year.The Company reported a Total Income of 15785.65 Rs. in Lacs for the year ended March 31, 2026 (Standalone). In the consolidated results, revenue from operations stood at 19176.96 Rs. in Lacs. The net profit before tax for the company was reported as 1784.04 Rs. in Lacs.Board Meeting Outcomes and Governance During the Board meeting held on May 29, 2026, the Directors reviewed several material items...

Info Edge Stock Jumps: Infos’s Massive AI and Consumer Tech Portfolio Surges to ₹41,300 Cr Info Edge shares rose significantly in intraday trading on Tuesday following the release of a shareholder communication detailing the impressive scale and valuation of its burgeoning startup investment portfolio. The stock was trading at ₹1,011.40, reflecting an intraday gain of 2.73% after touching an all-time high near 3.96%.Portfolio Valuation Reaches Major Milestone The company’s investments across 135 startups have surged to a valuation of approximately ₹41,300 crore. This staggering growth stems from cumulative investments amounting to nearly ₹4,900 crore. The portfolio has generated an impressive 8.4x return multiple and boasts a gross...

Akasa Air Set for Massive Capacity Surge as CFO Defies Market Turbulence Akasa Reaffirms Aggressive Growth Trajectory Amid Global Instability Akasa Air has signaled its unwavering commitment to aggressive expansion despite the turbulent global operating environment. Chief Financial Officer Ankur Goel confirmed that the airline's long-term plans remain "on firm footing."The airline is targeting a significant 30 per cent capacity increase in the current financial year (FY27). Furthermore, management projects capacity growth to be in the range of 30 to 40 per cent over the next four to five years.Mr. Goel emphasized that geopolitical uncertainties and increased fuel costs have not caused any reassessment of the company's core strategy...