Markets

GSPL Transmission Limited Fixes Record Date as Composite Scheme of Amalgamation Advances Gujarat Energy Limited has announced that it, along with other entities involved in a major amalgamation scheme, has set the Record Date 3 for its shareholders regarding the allotment of shares in GSPL Transmission Limited. The composite arrangement involves several state-level corporations and is designed to effect an amalgamation among the concerned parties.The Scheme encompasses Gujarat State Petroleum Corporation Limited (Transferor Company 1), Gujarat State Petronet Limited (Transferor Company 2), GSPC Energy Limited (Transferor Company 3), Gujarat Gas Limited (now operating as Gujarat Energy Limited, the Transferee Company), and GSPL...

HyperNext Orders 192 MW of Optiprime Power Systems from Kirloskar Oil Engines Limited Pune: Kirloskar Oil Engines Limited (KOEL), a leading manufacturer of power generation solutions in India, has secured a significant order from HyperNext, a next-generation digital infrastructure company. The deal involves the supply of KOEL's 2500 kVA Optiprime™ Dual Core power systems for use in large-scale data center infrastructure.The comprehensive order totals 192 MW and includes 96 units of KOEL’s advanced Optiprime™ systems. This deployment is noted as one of the largest engagements involving high-capacity power systems specifically for hyperscale data centers within India, reinforcing KOEL's commitment to supporting resilient digital...

GP Eco Solutions Secures 10.00 MW Solar Project through PPA with MPPMCL GP Eco Solutions India Limited has executed a significant Power Purchase Agreement (PPA) aimed at developing and operating a 10.00 MW Solar Power Project in Madhya Pradesh. The agreement was signed with M.P. Power Management Company Limited (MPPMCL).The project is set to be developed at Mrigwas, District Guna, Madhya Pradesh, under the framework of the Surya Mitra Krishi Feeder Yojana. This strategic PPA strengthens GP Eco Solutions' renewable energy portfolio and reinforces the company's commitment to sustainable energy development.Details regarding this contract, which involves a domestic entity, are summarized below:AspectDetailsContracting EntityM.P...

Euro India Fresh Foods Limited Approves Capital Increase and Major Preferential Allotments Euro India Fresh Foods Limited has approved several significant capital market transactions following its Board of Directors meeting held on June 19, 2026. The decisions include a planned increase in authorized share capital alongside the intention to issue equity shares and fully convertible warrants via preferential allotment.The company decided to alter its capital structure by increasing the Authorized Share Capital. Previously, the Authorized Share Capital stood at Rs. 25,00,00,000, divided into 2,50,00,000 Equity Shares of Rs. 10/- each. The Board approved raising this authorized capital to Rs. 30,00,00,000, which will be represented by...

Everest Industries Limited Announces Chief Human Resources Officer Resignation Everest Industries Limited has announced a change in its senior management team following the resignation of its Chief Human Resources Officer (CHRO). Mr. Vaibhav Garg resigned from his position as CHRO, effective as of the closing hours on July 31, 2026.Mr. Garg tendered his resignation to pursue career opportunities outside Everest Industries Limited. In his letter, he thanked the Board for the support provided during his tenure and wished all success to the company in the future.The departure represents a change in senior management personnel at Everest Industries Limited.EVERESTIND Stock Price Movement Everest Industries Limited slipped by 1.45% in...

Divgi TTS Secures Strategic Order for All-Wheel Drive System from Leading Indian OEM Customer Divgi TorqTransfer Systems Limited, a prominent supplier in automotive drivetrain systems and components, has announced that it has secured a strategic order from an existing leading Indian Original Equipment Manufacturer (OEM). The contract involves supplying specialized components critical to the development of the OEM's upcoming All-Wheel Drive (AWD) variants.Under the terms of the program, Divgi TTS will be responsible for delivering fully integrated drivetrain solutions, including Interactive Torque Management (ITM) Assemblies, Electronic Control Units (ECU), and Power Transfer Unit (PTU) Assemblies. These components are intended for the...

India Ratings Affirms 'IND AA(CE)/Stable' Rating for Barmer Lignite Mining Company Limited India Ratings and Research (Ind-Ra) has affirmed the credit rating for the bank loan facilities of Barmer Lignite Mining Company Limited. The company maintains a strong financial profile, backed by its relationship with JSW Energy.According to Ind-Ra’s release dated June 19, 2026, the rating for the bank loan facilities stood at 'IND AA(CE)/Stable'. This affirmation covers Barmer Lignite Mining Company Limited, which operates as a Joint Venture of JSW Energy (Barmer) Limited.Barmer Lignite Mining Company Limited is a wholly owned subsidiary of JSW Energy Limited, ensuring operational oversight and stability for its financing structure. The...

GST Authority Rejects Rectification Application for VA Tech Wabag Limited; Total Demand Stands at INR 6,46,87,687/- VA Tech Wabag Limited has received a demand order from the Office of the Principal Commissioner of Central Tax in Bengaluru regarding an assessment conducted under Section 73 of the CGST Act, 2017 for the financial year (FY) 2019-20. The authority rejected a rectification application that the company had filed to address errors apparent on the face of the record.The order, dated June 19, 2026, specified the demand amount following the rejection of the company's rectification request. This demand encompasses several components related to the original assessment.As per the details provided by the authority, the financial...

Krishna Institute of Medical Sciences Closes Qualified Institutions Placement (QIP) with Allocation of Nearly 20 Million Shares Krishna Institute of Medical Sciences Limited announced the closure of its Qualified Institutions Placement (QIP), following a meeting of its Finance and Investment Committee held on June 19, 2026. The company approved the allocation of Equity Shares to eligible qualified institutional buyers.The committee's resolutions confirmed that the issue period was closed after receiving application forms and funds in the escrow account from qualifying institutional buyers. This placement activity marked a key operational step for the company as it finalized the sale of its stock.The Finance and Investment Committee...

India Ratings Affirms 'IND AA/Stable' for JSW Energy Barmer Loan Facilities India Ratings and Research (Ind-Ra) has affirmed the credit rating for the bank loan facilities of JSW Energy (Barmer) Limited. The affirmation was provided in a release dated June 19, 2026.JSW Energy (Barmer) Limited is a wholly owned subsidiary of JSW Energy Limited. Ind-Ra assigned the rating 'IND AA/Stable' concerning the bank loan facilities utilized by the subsidiary.The credit rating action by India Ratings and Research underscores the financial standing of the entity in relation to its banking arrangements.JSWENERGY Stock Price Movement Closing lower today, shares of JSW Energy Limited shed 0.69% to settle at ₹570.10. The stock saw an intraday...

Som Distilleries and Breweries Limited Faces License Rejection for Bhopal Plant Som Distilleries and Breweries Limited has received a rejection from the Excise Department regarding its application for the Excise License for the company's Bhopal plant for the fiscal year 2026-27. The company confirmed that it had submitted detailed replies and supporting submissions in response to a show cause notice issued by the Excise Department concerning the matter.The management stated that while responses were provided, the company believes that its explanations, along with the materials placed on record and the court order, do not appear to have been adequately considered by the department.In response to the setback, Som Distilleries &...

Lloyds Enterprises Acquires Stake in Steel Infra Solutions Company, Boosting Structural Fabrication Capacity Mumbai, June 18, 2026: Lloyds Enterprises Limited (LEL) today announced a definitive agreement to acquire an additional stake in Steel Infra Solutions Company Limited (SISCOL), one of India's leading structural steel fabricators. This acquisition strengthens the group’s presence within SISCOL, as LEWL currently holds a 52.16% stake, and the new investment brings the combined Lloyds Group stake to approximately 88%.The transaction aims to significantly enhance heavy structural fabrication capabilities, adding material scale and reach to the combined business operations of LEL's Material Subsidiary (LEWL).SISCOL is described as...

Sikozy Realtors Completes Capital Reduction Following NCLT Sanction Sikozy Realtors Ltd has completed a significant restructuring of its capital following the sanctioning of a Scheme of Reduction of Share Capital by the National Company Law Tribunal (NCLT), Mumbai Bench. The reduction aims to write off accumulated losses and rationalize the company's financial structure.The NCLT Order, pronounced on 18 June, 2026, approved the capital reduction scheme, which was subsequently received by the company on 19 June, 2026. This action falls under Section 66 of the Companies Act, 2013.The Scheme involves reducing the paid-up equity share capital to adjust for accumulated losses. The company is undertaking the reduction to write off these...

RBI Slaps ₹3.10 Lakh Penalty on Pahal Financial Services for Major KYC Non-Compliance The Reserve Bank of India (RBI) has levied a monetary penalty against Pahal Financial Services Private Limited following serious deficiencies identified in its regulatory adherence. The fine, amounting to ₹3.10 lakh (Rupees Three Lakh Ten Thousand only), was imposed by the central bank in an order dated June 18, 2026.The penalty action is a direct result of non-compliance with specific provisions outlined in the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by the RBI. This decisive regulatory step has been taken in exercise of powers granted under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act...

Shareholders Approve Amalgamation of Warren Tea Limited with Maple Hotels & Resorts Limited The Scheme of Amalgamation involving Warren Tea Limited and Maple Hotels & Resorts Limited has been officially approved by shareholders and unsecured creditors following a meeting held on June 18, 2026. The results of the voting, scrutinized by Shreya Choudhary, confirm that the necessary resolutions have passed as per the requirements stipulated under the Companies Act, 2013.The amalgamation involves the transferor company Warren Tea Limited and the transferee company Maple Hotels & Resorts Limited.Equity Shareholder Voting Results The results of the voting for the Scheme of Amalgamation, concerning the equity shareholders, indicate...

Aimco Pesticides Partners with University of Melbourne for Research on Agricultural Products Aimco Pesticides Limited has entered into a Student Research Project Agreement with the University of Melbourne concerning studies on novel products for Agriculture. The agreement, dated June 19, 2026, involves Aimco International FZE, a wholly owned subsidiary of the listed company.The collaboration aims to advance research in the agricultural sector. The agreement details specify that the Company will facilitate or provide AUD $191,096.40 (including GST) to the University of Melbourne under the terms of the contract.The structure and terms of the agreement, which involves both the University of Melbourne and Aimco International FZE, are...

Welcure Drugs Announces Resignation of Key Managerial Personnel, Company Secretary Welcure Drugs & Pharmaceuticals Ltd has announced that it has accepted the resignation of Ms. Palak Jain from her positions within the company. The change in management was formalized following a Board meeting held on June 19, 2026.Ms. Palak Jain, who served as the Company Secretary and Compliance Officer, along with other Key Managerial Personnel, tendered her resignation. As per the details provided, her tenure concluded effective from the Close of Business hours on June 19, 2026.The company reported that Ms. Jain’s decision to step down was based on personal reasons and other professional commitments.The Board of Directors considered and accepted...

ACS Technologies Ltd Achieves CMMI Maturity Level 3 for Software and Service Domains ACS Technologies Limited has announced that it has achieved CMMI Maturity Level 3 appraisal across both the DEV (Development) and SVC (Services) domains. This significant accomplishment underscores the company's commitment to delivery excellence, operational consistency, and process discipline within its IT service offerings.CMMI, or Capability Maturity Model Integration, is a globally recognized framework designed for organizational maturity and process improvement. The achievement of Level 3 signifies that ACS Technologies Limited has defined and documented processes across all relevant functions. This includes structured approaches to execution and...

RBI Slaps ₹6.20 Lakh Penalty on Five Star Business Finance for Critical KYC and Fair Practice Code Violations The Reserve Bank of India (RBI) has imposed a significant monetary penalty of ₹ 6.20 lakh on Five Star Business Finance Limited following regulatory scrutiny. The action, finalized by an order dated June 18, 2026, comes in response to serious non-compliance identified under the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' and the RBI’s 'Fair Practice Code.'The penalty was imposed using powers granted to the RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. This regulatory action underscores the central bank's zero-tolerance stance towards financial misconduct and...

Intense Technologies Announces Retirement of Founder C.K. Shastri; Appoints Him Chairman Emeritus Intense Technologies Limited has announced the retirement of its founder and Managing Director, Mr. C.K. Shastri, following decades of service. His transition marks the conclusion of a historic chapter for the company, as he steps down from his executive and board responsibilities due to age and a focus on health and personal wellness.The retirement concludes a tenure during which Mr. Shastri guided Intense Technologies from a nascent startup into a global enterprise, recognized for its IP powered and AI led platforms and services in innovation and digital transformation. His journey began with the vision of placing Indian intellectual...