Markets

Remsons Industries Ltd Announces Resignation of Chief Executive Officer Amit Srivastava Remsons Industries Ltd has announced that Mr. Amit Srivastava, its Group Chief Executive Officer, has resigned from his position at the company. The departure comes as Mr. Srivastava tenders his resignation in order to pursue new professional opportunities.The resignation was tendered on June 18, 2026. As per the terms of his employment letter, Mr. Srivastava is committed to serving a notice period of 90 days, commencing from the date of his resignation letter. His resignation will become effective upon the completion of this notice period or on such other date as may be mutually agreed between Remsons Industries Limited and Mr. Amit Srivastava...

AAA Technologies Ltd Appoints Ashok Kumar Chordia and Santosh Kumar Pandey as New Directors AAA Technologies Limited has announced two key appointments following its Board of Directors meeting held on June 19, 2026. The company approved the appointment of Mr. Ashok Kumar Chordia as an Additional Director and Mr. Santosh Kumar Pandey as an Additional and Whole-time Executive Director. Both appointments are subject to the formal approval of the Members of the Company.Mr. Ashok Kumar Chordia was appointed as a Non-Executive Director, effective from June 19, 2026. Mr. Chordia is noted as a Chartered Accountant and a seasoned corporate finance professional. His experience includes association with Mentor Capital Services Private Limited...

Source Natural Foods Establishes Wholly-Owned Subsidiary to Drive Renewable Energy Land Development Source Natural Foods and Herbal Supplements Limited has incorporated a wholly-owned subsidiary, Source Natural Estates Private Limited, aimed at the development and management of land for various green energy projects. The incorporation occurred on June 18, 2026.The new entity is designated to acquire land and other immovable property rights through the purpose of developing and managing it. These lands will be used to support initiatives that relate to solar and other renewable energy generation projects, energy storage systems, electric vehicle charging infrastructure, green energy-related facilities, wastewater treatment, solid waste...

Gandhar Oil Refinery States No Material News Driving Increase in Trading Volume Gandhar Oil Refinery (India) Ltd has addressed concerns raised regarding the recent increase in trading volume of its securities across exchanges. The company confirmed that there is no material information or impending announcement that would impact the price or volume behavior of its stock scrip, according to the refinery’s management.In response to queries seeking clarification on the rising trading activity, Gandhar Oil Refinery stated that it has made all necessary disclosures. The company emphasized that there is no undisclosed material event that could affect the market performance of its Equity shares.The refined oil firm believes the significant...

Hindalco Commissions Aluminium Bicycle Components Manufacturing Facility in Pune Hindalco Industries Limited has commissioned a new aluminium bicycle component manufacturing facility located in Chakan, Pune, Maharashtra. The commissioning marks a strategic move by the company into value-added mobility products, significantly expanding its portfolio within the aluminium industry.The facility is designed to manufacture various high-specification aluminium bicycle components for supply both to domestic and international clients. These components include frames, rigid forks, handlebars, and wheel rims.Equipped with advanced manufacturing and finishing capabilities, the new plant possesses a substantial annual production capacity across...

Emirates NBD Bank's Open Offer in RBL Bank Transaction Concludes; Shares Acquired via Preferential Issue Emirates NBD Bank (P.J.S.C.), through its management, has finalized details regarding the Post-Offer Advertisement concerning the open offer for acquiring equity shares of RBL Bank Limited. The offer sought to purchase up to 415,586,443 fully paid-up equity shares from public shareholders of the Target Company.The Open Offer, which ran from June 1, 2026, to June 12, 2026, set an offer price for the Equity Shares at INR 282.38 per share. This aggregated amount comprises an Offer Price of INR 280.00 and Applicable Interest of INR 2.38 per Equity Share. The maximum aggregate consideration for these shares amounted to INR...

DCM Shriram Ltd Boosts Investment to Secure Over 108 MW of Renewable Power for Bharuch Plant DCM Shriram Ltd has announced an increased commitment to its renewable energy strategy, approving additional equity investment to expand the green power capacity available at its Bharuch Plant. The Board meeting held on June 19, 2026, formalized the latest stage of this initiative, significantly boosting the plant's sustainable power generation capabilities.The company has a history of securing external funding for renewable energy at the site. Earlier, the Board of Directors had approved an equity investment of up to Rs 87 crores in one or more tranches. This initial commitment was aimed at acquiring a minimum 26% equity stake in specialized...

Krishna Capital and Securities Ltd Approves Reappointment of Independent Director Mrs. Meenu Maheshwari Krishna Capital and Securities Ltd has announced a significant update regarding its board composition, confirming the re-appointment of Mrs. Meenu Maheshwari as a Non-Executive Independent Director. The decision was ratified by the company's Board of Directors during a meeting held on June 19, 2026.The Board approved the extension of Mrs. Meenu Maheshwari’s service in her capacity as an independent director for a second five year term.Effective from June 21, 2026, to June 20, 2031, Mrs. Maheshwari will continue serving on the board. The re-appointment remains subject to subsequent shareholder approval.The meeting of the Board of...

Emirates NBD Bank Completes Acquisition of Control in RBL Bank Limited Emirates NBD Bank (P.J.S.C.), referred to as the Acquirer, has been reported as having acquired control over RBL Bank Limited following a multi-stage transaction involving both an Open Offer and a Preferential Issue. The Post-Offer Advertisement detailed several key aspects of this acquisition concerning the Target Company's shareholding structure.The Open Offer was designed by Emirates NBD Bank to acquire up to 415,586,443 fully paid-up equity shares from the public shareholders of RBL Bank Limited. The offer represented 26.00% of the Expanded Voting Share Capital and was set at a price of INR 282.38 per Equity Share. This offer comprised an Offer Price of INR...

Kirloskar Group Updates: Subsidiary Intimation and Investor Meeting Details Released Kirloskar Ferrous Industries Limited (KFIL) provided an investor update detailing a meeting held with a financial institution, while Kirloskar Industries Ltd addressed matters related to its material subsidiary.Regarding corporate interactions, the management of Kirloskar Ferrous Industries Limited reported holding a one on one meeting with representatives from Molecule Ventures. The interaction took place on Thursday, 18 June 2026. During the discussion, the operational overview of the company was reviewed by the representatives. It was stated that no unpublished price sensitive information was discussed during this engagement.Kirloskar Industries...

Regency Fincorp Ltd Allots 15,00,00,000 in NCDs Through Private Placement Regency Fincorp Limited has announced the successful allotment of 13% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) aggregating to INR 15,00,00,000. The issuance was conducted through a private placement mechanism and concluded on June 19, 2026.The Allotment Committee of the company approved the allotment following its meeting held on Friday, June 19, 2026. A total of 15,000 Non-Convertible Debentures were allotted for the specified amount, with a face value of INR 10,000 each. The NCDs are listed on the BSE Limited and feature a tenor of 30 months.The two identified investors who received the debentures in this private placement include...

DMR Engineering Ltd Establishes Subsidiary in Bhutan for Regional Expansion DMR Engineering Limited has formed a new entity, DMR Services Private Limited, in Thimphu, Bhutan. The move establishes a subsidiary aimed at providing engineering and technical consultancy services within the region, aligning with the company’s primary line of business.The incorporation of DMR Services Private Limited has resulted in it becoming a subsidiary of DMR Engineering Limited, which holds a 70% shareholding in the new entity.DMR Engineering Limited subscribed to shares of DMR Services for cash consideration to formalize this relationship and expand its operational footprint into Bhutan. The company acquired 1,75,000 shares of DMR Services, each...

Director of Hemadri Cements (In Voluntary Liquidation) Passes Away Hemadri Cements Ltd, which is in voluntary liquidation effective from July 14, 2025, confirmed the sad demise of one of its directors, Mr. Gopalsamy Rajan.The company announced that Mr. Gopalsamy Rajan passed away on June 18, 2026. He had been associated with Hemadri Cements since 2021 and was noted for his significant contributions to the growth and development of the organization. The Board of Directors expressed its deep sorrow and conveyed heartfelt condolences to the affected family.The passing of Mr. Rajan marks a loss for the company, which is operating in voluntary liquidation status. Sivasamy Raju, a director of Hemadri Cements (In Voluntary Liquidation)...

Krishna Capital and Securities Ltd Approves Re-Appointment of Mrs. Meenu Maheshwari as Non-Executive Independent Director Krishna Capital and Securities Ltd has approved the re-appointment of Mrs. Meenu Maheshwari as a Non-Executive Independent Director for its Board of Directors. The decision was made during a meeting held on June 19, 2026.Mrs. Meenu Maheshwari (DIN 07113136) has been approved for the second term as a Non-Executive Independent Director. Her appointment is set to begin from June 21, 2026, and span five years, concluding on June 20, 2031. The re-appointment is subject to approval by the company's shareholders at the forthcoming Annual General Meeting.Profile and Experience of Director Mrs. Maheshwari is noted as a...

Southern Magnesium & Chemicals Ltd Receives GST Demand Notice of INR 30,32,204/- Southern Magnesium & Chemicals Ltd has received a demand notice related to Goods and Service Tax (GST), concerning an alleged short payment of output tax for the period spanning April 2025 to February 2026. The total demand amount amounts to INR 30,32,204/- (Rupees Thirty Lakhs Thirty Two Thousand Two Hundred and Four only).The notice was received on June 12, 2026, from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division.According to details provided by the company, the demand pertains to alleged short payment of output tax during the specified period. Southern Magnesium & Chemicals Ltd stated that it possesses a strong...

DMR Engineering Ltd Incorporates Subsidiary in Bhutan to Expand Services DMR Engineering Limited has expanded its international footprint by establishing a subsidiary company in Thimphu, Bhutan. The new entity, DMR Services Private Limited, has been incorporated under the Corporate Regulatory Authority of Bhutan, with DMR Engineering Limited taking a controlling stake through the acquisition process.DMR Services Private Limited is focused on providing engineering and technical consultancy services. This move is intended to allow DMR Engineering Limited to expand its business operations by offering such services within the Bhutanese market, which aligns with the parent company's core business.The Company subscribed 1,75,000 shares of...

Butterfly Gandhimathi Appliances Wins Golden Peacock Eco-Innovation Award for Renz 3B Cooktop Butterfly Gandhimathi Appliances Limited has been honored with the prestigious 'Golden Peacock Eco-Innovation Award' for 2026. The recognition was conferred upon the company for its product, the RENZ 3B COOKTOP, highlighting a commitment to sustainability and excellence in appliances manufacturing.The award recognizes Butterfly’s dedication to environmentally responsible products. Furthermore, the company has been certified for meeting the rigorous standards and evaluation benchmarks set by the 'Golden Peacock Excellence Model'.This significant achievement underscores Butterfly Gandhimathi Appliances Limited's focus on sustainable practices...

Puravankara Ltd Secures RERA Registration for 'Miami By Purva' Project Puravankara Limited has successfully received registration from the Maharashtra Real Estate Regulatory Authority (RERA) for its new development project, 'Miami By Purva'. This registration allows the company to proceed with the official launch of the project.The residential project is located at C S No. 6 & 7/697 in Mumbai City and carries Registration No. PR1170002600857. The details regarding the approved product, which caters to the domestic market, have been officially documented with MAHARERA.The key operational details of 'Miami By Purva' are summarized below:Product NameMiami By PurvaDate of Launch Registration with MAHARERAJune 18, 2026Category...

Angel One Grants 7,34,576 Restrictive Stock Units to Employee under LTI Plan 2021 Angel One Ltd has approved the grant of options under its Angel Broking Employee Long Term Incentive Plan 2021 (LTI Plan 2021). The company granted 7,34,576 Restrictive Stock Units (RSUs) to one eligible employee.The grant was made effective on June 19, 2026. These RSUs are convertible into an equal number of Equity Shares of the Company, each having a face value of Re. 1.Key details regarding the options granted under the LTI Plan 2021 include:Total Options: 7,34,576 Restrictive Stock Units (RSUs). Recipients: One eligible employee of the Company. Grant Date: June 19, 2026. Exercise Price: Re. 1 per share.The LTI Plan 2021 is administered by the...

Ugar Sugar Works Ltd. Sets Key Dates for Final Dividend and 86th Annual General Meeting Ugar Sugar Works Ltd. has announced the critical dates related to the final dividend payment for Fiscal Year 2025-26, as well as setting the Book Closure period in advance of its 86th Annual General Meeting (AGM).The company has set Wednesday, July 29, 2026, as the record date. This date is designated for the payment of the final dividend for FY 2025-26 and serves as the cut-off date for members to be entitled to cast their votes through e-voting for the company’s 86th Annual General Meeting.For further corporate actions, including dividend entitlement and participation in the AGM, Ugar Sugar Works Ltd. has fixed a Book Closure period. This...