Markets

High Court Upholds Labour Court Ruling in Bearings Corporation Employee Dispute, Directing Timken India Ltd to Pay Wages The case of Antifriction Bearings Corporation Limited (amalgamated with Timken India Ltd) versus Anil Ambalal Modi has seen a significant development as the Hon'ble High Court of Gujarat at Ahmedabad upheld the previous findings regarding the employee’s termination. The court directed the company to pay regular wages to Mr. Modi from January 2005 until he attained superannuation.The dispute originated when the management terminated Mr. Modi in November 1995 without conducting an inquiry. As conciliation proved unsuccessful, the matter was referred to the Labour Court.The High Court's judgment, delivered on June...

GHV Infra Projects Secures Rs 213 Crore Work Order for Complex Rail Infrastructure Project GHV Infra Projects Limited, formerly known as Sindu Valley Technologies Limited, has secured a significant work order from GHV (India) Private Limited. The contract covers composite construction work—including Civil, Electrical, Mechanical, and Signal & Telecom requirements—focused on major rail infrastructure projects.The awarded project involves three key areas: the Upgradation or Development of maintenance infrastructure at a Coaching Complex; the development of Next Generation Freight Maintenance Facilities; and the Infrastructure construction of a Loco shed in West Bengal.GHV Infra Projects Limited has been contracted for this composite...

RBI Hits Co-operative Bank with Monetary Fine After Statutory Breach of Banking Act The Reserve Bank of India (RBI) has imposed a monetary penalty on The Chittoor District Co-operative Central Bank Ltd., Andhra Pradesh. The action stems from the bank's contravention of key provisions related to statutory compliance under banking regulations.Details of Penalty Imposed by RBI The RBI issued an order dated June 15, 2026, imposing a fine amounting to ₹1 lakh (Rupees One Lakh only). This penalty was levied against The Chittoor District Cooperative Central Bank Ltd., Andhra Pradesh.The imposition of the monetary penalty is executed in exercise of powers conferred on the RBI under specific sections of the Banking Regulation Act, 1949 (BR...

Praj Industries Continues Global Growth in Sustainable Solutions, Highlighting Bioeconomy Leadership Praj Industries Limited, a company incorporated in 1983, stands as one of the world's technologically advanced biotechnology and engineering firms. Offering a range of sustainable solutions across bioenergy, high purity water systems, critical process equipment, breweries, and industrial wastewater treatment, Praj is focused on environmental and farm-to-fuel technologies. The company boasts a 43-year legacy, over 400 patents, and maintains its status as a net debt free entity, with more than 1000 references across 100+ countries.Core Business Segments and Expertise Praj Industries drives the global bioeconomy through several...

Diffusion Engineers Limited Secures Domestic Order Worth INR 7.49 Crores for Flux Cored Wire Supply Diffusion Engineers Limited has secured a domestic order amounting to about INR 07.49 Crores, covering the supply of Flux Cored Wire intended for the Defence industry. The contract is with a domestic entity and spans up until June 2028.The awarded contract involves supplying specialized Flux Cored Wire products to a domestic client. The order value, inclusive of all duties and taxes, stands at approximately INR 07.49 Crores.Details regarding the significant terms and commercial consideration of this order are as follows:ParticularsDetailsProduct SuppliedFlux Cored WireClient TypeDomestic ClientNature of OrderSupply of...

Eco Recycling Ltd Approves Preferential Allotment of 300,000 Convertible Share Warrants to Promoter Group Eco Recycling Ltd announced the preferential allotment of 300,000 Fully Convertible Share Warrants (FCWs) to its promoter group. The Board of Directors approved the transaction on June 22, 2026.The allotment allows the promoters to receive these warrants, which are convertible into equity shares at a fixed price. The total consideration for the 300,000 warrants stands at Rs. 12,33,00,000.Under the terms of the preferential allotment, each warrant is valued at an issue price of Rs. 411, which includes a premium of Rs. 401 over the face value of Rs. 10 per equity share. The warrants are scheduled to be exercised in tranches and...

Greaves Cotton Limited Announces 107th AGM and Dividend Details Greaves Cotton Limited has announced key dates regarding its 107th Annual General Meeting (AGM) and the payment of a dividend to its members. The company is setting aside specific timelines for the completion of the business matters related to the meeting and dividend distribution.The 107th AGM of the Members will be held on Tuesday, August 04, 2026, at 03:00 p.m. IST. The general meeting will be conducted through Video Conferencing/Other Audio Visual Means.In relation to the dividend payment, Greaves Cotton Limited confirmed the details concerning the book closure and payment schedule. The dividend is set at Rs. 2/- per equity share, with a face value of Rs. 2/- each...

Sai Life Sciences Ltd Allots 170,501 Shares Through Employee Stock Option Plans Sai Life Sciences Ltd has announced the allotment of fully paid-up equity shares totaling 1,70,501 upon the exercise of options granted under its Employees Stock Option Plan 2008 (ESOP 2008) and the Management ESOP Plan 2018 (MESOP 2018).The Board of Directors approved the allotment on June 22, 2026. The shares issued under these schemes were fully paid at a par value of Rs. 1/- per share.The allotment details are as follows:Shares allotted under ESOP 2008: 5,002 Shares allotted under MESOP 2018: 1,65,499 Total shares issued: 1,70,501The company realized INR 1,88,41,004.50 from the exercise of these options.Scheme Details and Financial Metrics The...

Magadh Sugar & Energy Ltd Sets Record Date for Dividend Distribution Magadh Sugar & Energy Ltd has announced the record date for determining shareholders eligible to receive a dividend of Rs 12.50 per equity share, pertaining to the financial year 2025-26. The company has fixed Friday, July 17, 2026, as the designated Record Date.The dividend payment is associated with an equity share value of Rs 10/- each. Shareholders must be eligible on the record date to receive this payment, pending its declaration at the company's forthcoming Annual General Meeting (AGM).Details regarding the security and the purposes are summarized below:Security CodeSymbolType of SecurityRecord DatePurpose540650MAGADSUGAREquityJuly 17, 2026Payment of...

Promoter Group Acquires Shares in Binny Mills Ltd Through Off-Market Gift Transfer The Promoter Group of Binny Mills Limited has undertaken an off-market inter-se transfer of equity shares from Mr. V R Venkataachalam, resulting in the acquisition of 16,74,854 Equity Shares of the company. This transaction is structured as a gift among immediate relatives and promoter group members to facilitate smooth succession planning within the family.The acquisition involves five individuals who are immediate relatives of Mr. V R Venkataachalam and members of the Promoter Group. The entire transfer was made at zero consideration, with the shares being gifted.According to the details provided, 16,74,854 Equity Shares were acquired in this...

Cropster Agro Ltd Changes Books of Accounts Address and Announces Remote E-Voting Period Cropster Agro Ltd announced significant operational changes following the outcome of its Board meeting held on June 22, 2026. The company approved a change in the address for maintaining its books of accounts and papers, alongside issuing notice regarding remote e-voting to members.The Board meeting, which convened at the company's registered office, resulted in the approval of changing the location where the company maintains its financial records. Previously, the books of accounts were maintained at Office No. A-828, West Bank Building, Opp. City Gold Cinema, Ashram Road, Ahmedabad, Gujarat. The new address designated for maintaining these...

Osiajee Texfab Board Approves Reappointment of Managing Director and Changes Designation of Key Directors Osiajee Texfab Ltd has announced key changes regarding its senior leadership following the meeting of its Board of Directors held on June 22, 2026. The company approved several matters concerning the continuation and designation shifts of its directors, based on the recommendations of the Nomination and Remuneration Committee.The board confirmed the re-appointment of Ms. Reema Saroya as Managing Director for a subsequent term of five years. This appointment is effective from June 8, 2026, to June 7, 2031, subject to shareholder approval at the ensuing Annual General Meeting. The Board approved the appointment, noting that Ms...

Foseco Crucible Achieves Minimum Public Shareholding After Promoter Sells Equity Shares in Open Market Foseco Crucible (India) Ltd, formerly known as Morganite Crucible (India) Limited, has successfully completed the sale of equity shares by its promoter, Foseco India Limited, to meet minimum public shareholding requirements. The open market transaction resulted in a reduction of the promoter group's holding and confirmed the company's compliance with applicable shareholding regulations.The promoter sold 99,081 Equity Shares of the Company through multiple tranches via the open market route. This sale accounted for 1.77% of the total paid up Equity Share capital of Foseco Crucible (India) Ltd.Following the completed open market...

Enbee Trade & Finance Issues Caution Notice Over Unauthorized Website Using Company Name Enbee Trade & Finance Ltd has issued a caution notice regarding an unauthorized website operating under the domain ENBEE.IN, which is utilizing the company's name, brand, and logo without official authorization. The company strongly clarified that it holds no association with this third-party website.The authorized communication confirmed that Enbee Trade & Finance Ltd maintains www.enbeetrade.com as its official corporate website.In light of the situation, investors, shareholders, customers, and the general public have been advised to exercise caution. Stakeholders are warned not to rely on any information, communications, solicitations, or...

Tinna Rubber Launches Inaugural Dispatch from State-of-the-Art rCB and TPO Facility Tinna Rubber and Infrastructure Limited has successfully completed the inaugural dispatch from its state-of-the-art rubber crumb (rCB) and Tyre Processed Oil (TPO) facility located in Varale, Maharashtra. This event marks a significant milestone for the company and underscores its commitment to sustainable manufacturing practices.The commencement of commercial operations at the facility solidifies Tinna Rubber’s role in advancing the circular economy. By transforming end-of-life tyres into valuable resources through their specialized processes, the company is driving sustainability within the industry.The inaugural dispatch initiates a new chapter...

Zota Health Care Acquires Shares in Curexis Ventures to Expand SKIA Store Network Zota Health Care Limited has acquired 1,000,000 equity shares of M/s Curexis Ventures Private Limited, a Wholly Owned Subsidiary of the Company, through the subscription to a right issue.The acquisition was completed on June 22, 2026. Zota Health Care stated that this investment in Curexis is part of a strategic move intended for expanding its SKIA stores and mitigating working capital requirements for the subsidiary. Following this transaction, Curexis remains a Wholly Owned Subsidiary of Zota Health Care Limited.Details of the Target Entity Curexis Ventures Private Limited is established as a drug manufacturing, development, and marketing company. It...

TeleCanor Global Seeks Three-Month Extension for Holding 34th Annual General Meeting Telecanor Global Limited has sought a three-month extension from the Registrar of Companies, Hyderabad, regarding the convening of its 34th Annual General Meeting (AGM) for the financial year ended March 31, 2026. This decision follows a resolution approved by the Board of Directors and is necessitated by operational difficulties at one of the company's sites.The extension was requested due to delays encountered in finalizing accounts, completing the statutory audit, and preparing the Annual Report for FY 2025-26. These delays are attributed to labor unrest and operational disruptions occurring at the farm operations located at the Yelamanchili site...

Zota Health Care acquires 2 million shares in KMHP Ventures for Rs 2 crore bolstering generic medicine push Zota Health Care Limited has acquired 2,000,000 equity shares of M/s KMHP Ventures Limited, a wholly owned subsidiary of the company. The acquisition was completed on June 22, 2026, through the subscription to a right issue and utilized a cash consideration model.The purchase of these equity shares by Zota Health Care Limited was executed for a total cost of Rs 2,00,00,000.00/- or Rs 10.00 per equity share. With this investment, KMHP continues to remain the wholly owned subsidiary of Zota Health Care Limited.This strategic investment supports KMHP’s extensive plans in the pharmaceutical segment. KMHP is focused on rolling out...

MVK Agro Food Product Limited Appoints BlueChariot Investment as Investor Relations and Public Relations Agency M.V.K. Agro Food Product Limited has appointed BlueChariot Investment to serve as its dedicated Investor Relations and Public Relations Agency. The appointment is set to be effective from June 22, 2026.The company selected BlueChariot Investment, which operates out of Surat, Gujarat, for this critical role. Through this appointment, MVK Agro Food Product Limited will benefit from professional advisory services pertaining to investor relations and public relations management.MVKAGRO Stock Price Movement Today, shares of M.V.K. Agro Food Product Limited rallied significantly, closing higher by 7.38% to settle at ₹408.75. The...

Modis Navnirman Ltd Changes Website Domain to Better Reflect Company Identity Modis Navnirman Ltd has announced a transition in its digital presence, updating its corporate website domain name as of June 22, 2026. The company moved from its previous web address, https://modisnirman.com/, to the new domain, https://modisnavnirman.com/.The decision to update the domain is intended to provide a clearer and more accurate representation of the company's identity and business operations. Modis Navnirman Ltd stated that all necessary steps have been taken to ensure a smooth transition across its online platforms.As part of this migration process, the company will implement permanent redirects from the old domain, https://modisnirman.com/...