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Aequs Limited invests in subsidiary, supporting operational needs of French entity Aequs Aerospace France SAS, a wholly owned step-down subsidiary of Aequs Limited, has made an investment into AeroStructures Manufacturing India Private Limited. The transaction involves a cash investment totaling Euro Three Million only, which is approximately equivalent to Indian Rupees 33.02 Crores only.The investment was made in AeroStructures Manufacturing India Private Limited, which is also a wholly owned subsidiary of Aequs Limited. This capital infusion is designated for operational requirements and other general corporate purposes within the organization.Aequs Aerospace France SAS, established on January 12, 2017, operates in the industrial...

NCLT Passes Reserved Order in Corporate Insolvency Resolution Process for A.F. Enterprises Ltd The National Company Law Tribunal (NCLT) has passed a reserved order concerning the Corporate Insolvency Resolution Process (CIRP) initiated against A.F. Enterprises Ltd. The resolution process is being conducted under Section 7 of the Insolvency and Bankruptcy Code, 2016.The matter pertains to M/s. Findoc Finvest Pvt. Ltd., who has been named as the Applicant, versus M/s. AF Enterprises Ltd. as the Respondent. The order was delivered by the NCLT on June 10, 2025.The case details and associated parties were heard in a hybrid setting (physical and VC) before the Hon'ble Member (Technical), Ms. Anu Jagmohan Singh, with Justice Jyotsna Sharma...

Containe Technologies Ltd to Hold Board Meeting on June 24, 2026, to Consider Rights Issue Containe Technologies Ltd has scheduled a meeting of its Board of Directors for Wednesday, June 24, 2026, at the company's Registered Office in Hyderabad. The primary agenda item for this meeting is considering a proposal for fundraising through equity shares or other securities via a rights issue and/or any other permissible mode.The board meeting is set to take place at H. No. 3-13-142/ 341P, 342, Gokul Nagar Marriguda, Mallapur, Hyderabad, Secunderabad, Telangana, India, 500076. The company stated that the fundraising proposal is subject to requisite statutory and regulatory approvals as deemed appropriate by the Board.Trading Window Closed...

AMWILL Health Care Approves Significant Investments in Credit Fund and Government Securities AMWILL HEALTH CARE LIMITED announced that its Investment Committee has approved two strategic investments utilizing internal accruals, aiming to support the company's long-term growth strategy and positively contribute to its financial objectives.The committee approval, which was held on June 19, 2026, covers commitments across both private credit alternatives and secure government instruments.Under the investment mandate, AMWILL Health Care has approved an allocation of up to INR 3,00,00,000/- (Indian Rupees Three Crore Only) towards subscribing to Units of the MO Alternates India Credit Excellence Fund -I, which is categorized as a...

NCLT Admits CIRP Against Vikram Solar Ltd Over Operational Debt Claim from Isitva Steels The National Company Law Tribunal (NCLT) has admitted an application filed by M/s Isitva Steels Private Limited against M/s Vikram Solar Limited, ordering the initiation of the Corporate Insolvency Resolution Process (CIRP). The Adjudicating Authority determined that the claim, which originated from sub-contracting works for a solar power project, qualifies as an Operational Debt and meets the minimum financial threshold required under the Insolvency and Bankruptcy Code (IBC), 2016.The application concerns work executed by Isitva Steels Private Limited in relation to a solar power project contracted by Vikram Solar Ltd. The original agreement was...

GB Logistics Commerce Announces Financial Results for March 2026; Approves Share Capital Increase and SPA Execution GB Logistics Commerce Ltd. has reported its Audited Financial Results for the quarter and year ended March 31, 2026. The company’s Board of Directors held a meeting on June 18, 2026, where they approved these results and sanctioned several corporate actions, including an increase in authorized share capital and the execution of a Share Purchase Agreement (SPA).The Board determined that the financial statements give a true and fair view of the company’s net profit and other financial information for the period ended March 31, 2026. The results were independently audited and received an unmodified opinion from the...

State Governments Offer ₹16,900 Crore in Securities Through RBI Auction The Reserve Bank of India (RBI) has announced an auction for various State Government Securities (SGS), offering a total face value amounting to ₹16,900 Crore. The securities offer opportunities across multiple states, ranging from Bihar and Chhattisgarh to Kerala and Tamil Nadu.The stocks are being offered through the RBI Core Banking Solution (E-Kuber) system. The auction is scheduled for June 23, 2026, with results expected on the same day. Successful bidders will receive payment during banking hours on June 24, 2026.The offerings encompass both competitive and non-competitive bidding options. Eligible individuals and institutions will be allotted up to ten...

Karur Vysya Bank Revises MCLR Base Rate and BPLR Effective June 22, 2026 Karur Vysya Bank Limited has announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR), the Base Rate, and the Bank Prime Lending Rate (BPLR). These rate changes will be effective from June 22, 2026.The bank provided details of the revised rates across several categories, including different maturities for MCLR. The revised MCLR rates are as follows:Nature of ROIExisting RateRevised RateOvernight MCLR8.65%8.75%One-month MCLR8.55%8.65%Three-month MCLR8.85%8.95%Six-month MCLR9.00%9.10%One-year MCLR9.15%9.25%In addition to the MCLR revisions, the Bank also updated its Base Rate, which saw an increase from 10.50% to 11.00%...

Central Depository Services Appoints Nayana Ovalekar as Executive Director for Vertical 2 The Governing Board of Central Depository Services (CDSL) Limited approved the appointment of Smt. Nayana Ovalekar as Executive Director for Vertical 2. The decision, ratified on June 19, 2026, names her to oversee Regulatory, Compliance, Risk Management, and Investor Grievances functions within the organization.Smt. Ovalekar will hold the position of Executive Director for Vertical 2 for a term spanning five years. Her appointment is effective from June 19, 2026, until June 18, 2031, subject to Shareholder ratification.In addition to her new role, the Board approved that Smt. Ovalekar shall continue in her existing capacity as Chief Regulatory...

Zydus Lifesciences Extinguishes 87 Lakh Equity Shares Bought Back in Tender Offer Zydus Lifesciences Ltd has completed the extinguishment of a significant number of equity shares bought back through a tender offer, reducing its fully paid-up share capital following the corporate action. The Company confirmed that 87,30,158 Equity Shares had been extinguished, which were in dematerialized form.The buyback operation involved Zydus Lifesciences with shareholders at a specified price. A total of 87,30,158 Equity Shares, each having a face value of INR 1, were bought back at a price of INR 1,260 per share. The aggregate amount for this buyback did not exceed INR 1100,00,00,000.The extinguishment was completed in compliance with relevant...

Amwill Health Care Ltd Approves Strategic Investments in Credit Fund and Government Securities Amwill Health Care Ltd has announced decisions regarding two strategic investments approved by its Investment Committee, sourced from the company's internal accruals. The investments are targeted at bolstering financial growth and supporting long-term operational objectives.The company plans to invest up to INR 3,00,00,000 in subscribing to the Units of MO Alternates India Credit Excellence Fund -I (Category II AIF). This initiative is anticipated to contribute positively towards the company's overall financial growth and its ongoing operational goals.In addition, Amwill Health Care Ltd has approved an investment limit of up to INR...

GP Eco Solutions India Secures 5.00 MW Solar Power Project Through PPA with MPPMCL GP Eco Solutions India Limited has marked a significant milestone in its renewable energy portfolio by executing a Power Purchase Agreement (PPA) with M.P. Power Management Company Limited (MPPMCL). The agreement pertains to the development and operation of a 5.00 MW solar power project located at Prithvipur/Niwari in Madhya Pradesh, India.This contract solidifies GP Eco Solutions India’s presence within the solar energy sector by securing a domestic PPA under the Surya Mitra Krishi Feeder Yojana.The Power Purchase Agreement outlines the terms for the 5.00 MW Solar Power Project at Prithvipur/Niwari, Madhya Pradesh. The details of the transaction are...

Callista Industries Receives In-Principle Approval for Preferential Issue of Convertible Warrants and Equity Shares Callista Industries Ltd has received in-principle approval from BSE Limited regarding the offer and issuance of convertible warrants and equity shares through a preferential issue. This approval enables the company to move forward with the proposed capital raising mechanism involving promoter and non-promoter categories.The preferential issue involves two components: 21,250,000 convertible warrants and 56,50,000 equity shares. Both the warrants and the equity shares are set at an issue price of Rs. 10/- per unit, with a face value of Rs. 10/- each.The in-principle approval granted by BSE Limited pertains to the...

Subsidiary Faces Drug License Suspension in Telangana; Potential Revenue Loss Cited Medplus Health Services Ltd's subsidiary, Optival Health Solutions Private Limited, has received an order suspending a drug license for one of its stores located in Telangana. The action taken by the regulatory authority details the suspension and potential financial implications for the company as reported on June 19, 2026.The suspension relates to a store situated at Saleemnagar Malakpet, Telangana, issued by the Assistant Director, Drugs Control Administration, Secunderabad.Key details regarding the licensing action are summarized below:AuthorityAction TakenDate of ReceiptViolation AllegedImpactAssistant Director, Drugs Control...

Univastu India Approves Preferential Issue of Warrants Worth Up To INR 16 Crore The Board of Directors of Univastu India Limited approved the creation and offer of warrants through a preferential issue on June 19, 2026. The move is set to raise up to INR 16,00,22,493/- by issuing a maximum of 18,39,339 warrants.The Board resolution approved the issuance of these fully convertible Warrants to persons belonging to the Promoter and Promoters Group Category and the Non-promoter Public Category. The Warrants are denominated at a face value of INR 10/- and were issued at an issue price of INR 87/- per warrant, representing a premium of INR 77/-.The payment structure for the warrants specifies that an amount equivalent to 25% of the Per...

Oberoi Realty Limited Announces Cessation of Senior Management Personnel Oberoi Realty Limited has announced the resignation of Ms. Priti Thakur from her senior management post. She resigned as Assistant Vice President - Customer Service, with June 19, 2026, noted as the date of cessation.Ms. Thakur tendered her resignation for better prospects. The details provided confirm that she held the role of Assistant Vice President - Customer Service within the company.OBEROIRLTY Stock Price Movement Oberoi Realty Limited shares settled today after shedding 0.34%, closing at ₹1683.5 in post-market trading. The stock activity saw a volume of 168,755 shares change hands during its session.

Jio Platforms Targets $4 Billion IPO: Reliance Files for India’s Largest-Ever Equity Offering Jio Platforms, the powerhouse digital arm of Reliance Industries, has officially filed a draft red herring prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The offering is touted by the company as being poised to be the largest in Indian history.The primary aim of this massive listing is debt repayment and strengthening the balance sheet. This strategically focused transaction marks a significant move towards greater transparency and capital optimization for the digital giant.Overview of the Jio Platforms IPO Structure The offering involves a fresh issue of 270 million equity shares, which constitutes approximately 2.9 per...

Ministry Approves Change in Largest Indian Shareholder of Entertainment Network The Ministry of Information and Broadcasting (MIB) has approved a significant change regarding the largest Indian shareholder of Entertainment Network (India) Limited (ENIL). The approval confirms the transfer of this designation from Bennett Coleman and Company Limited (BCCL) to Times Horizon Private Limited (THPL).According to documents released on June 19, 2026, the MIB's competent authority approved the request for changing the Largest Indian Shareholder of the company. This decision follows an application filed by ENIL regarding the ownership structure.The change in shareholder status is part of a reorganisation process involving BCCL and THPL...

South Indian Bank Boosts FCNR Deposit Rate to 6.5% After RBI Forex Swap Window Opens Banks Leverage RBI Forex Swap Facility for FCNR (B) Deposits South Indian Bank has significantly increased the interest rate on US dollar deposits under the Foreign Currency Non-Resident (Bank) or FCNR(B) segment. The bank announced that it has revised the deposit rate to 6.5 per cent per annum. This enhanced offer is specifically designed for tenures lasting three to five years.The increase comes as a direct response to the Reserve Bank of India's (RBI) introduction of a USD/INR forex swap facility. This facility directly benefits banks that mobilize fresh FCNR(B) deposits. The RBI's scheme allows these institutions to manage currency risks while...

Gold Price Plunges Amid Fed Hawkish Tone as US Dollar Strengthens; Precious Metals Trade Lower Global bullion markets witnessed subdued trading on June 19, as precious metals traded lower amid continued pressure from the Federal Reserve’s unchanged interest rate stance. The hawkish commentary from the Fed significantly strengthened the US dollar, dampening sentiment and reducing the appeal of non-yielding assets like gold. This shift prompted broad profit booking across bullion markets despite underlying structural support in the commodities.Precious Metals See Intraday Decline Amid Dollar Strength Domestic spot gold on MCX stood at ₹1,44,838 per 10 grams of 24-karat purity as of 13:57 IST, showing a decline of nearly ₹3,000 in a...