Markets

Rajshree Polypack Limited Secures Repeat Order for Plastic Rigid Sheets worth ₹ 2.94 Cr. Rajshree Polypack Limited has secured a new contract, involving the supply of Plastic Rigid Sheets, from a domestic packaging manufacturer. The order represents a repeat business engagement and is valued at approximately ₹ 2.94 Crore.The contract involves Rajshree Polypack Limited supplying plastic rigid sheets to the customer. This purchase order was awarded by a large packaging manufacturer listed on an Indian Stock Exchange, which is primarily owned by a Finland-based packaging giant. The transaction has been confirmed as a domestic entity agreement.The order specifies that it is to be fulfilled by July 2026 or based on mutual agreement...

Sharika Enterprises Ltd to Hold Board Meeting on June 23, 2026, to Approve Fund Raising Proposal Sharika Enterprises Ltd has announced that its Board of Directors is scheduled to meet on Tuesday, June 23, 2026. The meeting aims to consider and approve a significant proposal regarding the raising of funds for the company.The agenda includes reviewing the proposal to raise capital through the issuance of one or more instruments. These instruments may comprise Equity Shares, Convertible or Non-convertible Securities of any description, warrants, or debt securities. The funding initiative can be executed via Private Placement, Preferential Issue, Qualified Institutions Placement, or a combination of these methods, as decided by the Board...

On Door Concepts Limited Allots 13,51,900 Equity Shares via Preferential Issue; Paid-up Capital Increases On Door Concepts Limited announced that its Board of Directors approved and allotted 13,51,900 equity shares through a preferential basis to identified non-Promoter investors. The decision followed the company's meeting held on Thursday, June 18, 2026.The allotment was conducted at an issue price of Rs. 156/- per equity share, which includes a premium of Rs. 146/- per equity share over the face value of Rs. 10/- each. The preferential issue raised a total consideration of Rs. 21,08,96,400/-, representing the subscription amount received so far against a proposed issue size of Rs. 30,81,00,000/-.The transaction resulted in a...

Anondita Medicare MD Attends UN Human Rights Council Session in Geneva Anupam Ghosh, Managing Director of Anondita Medicare Limited, represented India on a global platform by attending the 62nd Session of the United Nations Human Rights Council (HRC62) held at Palais des Nations in Geneva, Switzerland.Mr. Ghosh’s participation highlighted the growing presence of Indian entrepreneurs in international forums. The session gathered representatives, organizations, and experts from various countries to share their views on diverse social and developmental matters.Delivering a speech during the event, Mr. Anupam Ghosh stated that he found it an honor to speak at the United Nations Office in Geneva. He emphasized that such forums are...

Gold Plummets as Safe-Haven Appeal Eclipses Global Rally Amid Strong Equities and Fed Outlook Precious Metals Decline on Domestic Strength and Dollar Rally Gold prices fell for the third consecutive session, sliding by ₹960 to stand at ₹1,53,440 per 10 grams in the national capital on Thursday. This decline followed a closing price of ₹1,54,400 per 10 grams the previous day.Silver also faced significant selling pressure, sinking by ₹6,660 to reach ₹2,48,740 per kilogram (inclusive of all taxes). The white metal had traded at ₹2,55,400 per kg in the preceding session.Market Analysts Cite Domestic Equities and Rupee Strength The decline in bullion prices was attributed by analysts to the resilience seen in domestic equities markets...

SBI Funds Management IPO Countdown: Company Poised for Listing as it Prepares Price Band Announcement Industry sources indicate that SBI Funds Management, India's largest asset management company, is expected to file its final Red Herring Prospectus and announce the IPO price band during the first week of July. This potential listing marks a significant step in the firm’s history and could make it one of the few major AMC subsidiaries available for trading.The IPO process gained momentum after SBI Funds Management filed its Draft Red Herring Prospectus (DRHP) with regulators on March 19, 2026. The planned issue will exclusively comprise an offer-for-sale (OFS) component, amounting to 20.37 crore equity shares, representing a 10...

Rajoo Engineers Ltd. Upgrades Machine Shop with Advanced Technologies, Boosting Manufacturing Excellence Rajoo Engineers Limited, a leader in plastics extrusion machinery, has completed a major technology upgrade of its Shree Yantralaya - The Machine Shop. This significant investment is designed to strengthen the company's in-house manufacturing capabilities and enhance its capacity to deliver world-class machine components characterized by greater precision, consistency, and productivity.The upgraded facility now incorporates advanced machining technologies from globally renowned tool manufacturers Okuma, Huron, and Jyoti. This addition has created a robust internal ecosystem, enabling Rajoo Engineers to produce large, complex, and...

Bajaj Auto Shareholders Set for Major Gain as Company Announces Rs 5,633 Crore Share Buyback Record Date Bajaj Auto announced a significant development on Thursday, fixing the record date for its massive share buyback initiative. The two and three-wheeler manufacturer identified shareholders eligible to participate in the offer, setting up the event for future investors.The company filing detailed that the Board of Directors' Buyback Committee established Wednesday, June 24, 2026, as the definitive record date. This action determines the entitlement and names of equity shareholders and beneficial owners who qualify for the opportunity.Details of Rs 5,633 Crore Share Buyback Plan The buyback proposal was formally approved by the...

Munish Forge Limited incorporates Munish Defence Solutions Limited as subsidiary Munish Forge Limited has finalized its investment strategy, officially incorporating Munish Defence Solutions Limited as a new subsidiary. The move comes after the company's Board of Directors had previously approved an investment in a proposed entity that was set to become part of the corporate structure.The incorporation ceremony took place on June 17, 2026, with the Certificate of Incorporation being issued by the Registrar of Companies, Chandigarh, confirming the establishment of Munish Defence Solutions Limited.Munish Forge Limited's prior intimation confirmed that a company was proposed for investment and would subsequently become a subsidiary...

Prime Focus on Rural Growth: Amit Shah Reviews National Roadmap to Turbocharge Cooperative Banking and Exports The government has set a clear strategic direction for boosting the rural economy through systematic support of cooperative ventures. Union Home Minister and Minister of Cooperation, Shri Amit Shah, recently reviewed the national roadmap designed to strengthen and elevate the entire spectrum of the cooperative sector in India. This high-level review underscores the administration's commitment to sustainable growth rooted in community enterprise.The initiative aims not merely at administrative oversight but at comprehensive economic transformation through cooperatives. By focusing on three critical pillars—cooperative banking...

Manappuram Finance Ltd Board Meeting Scheduled to Discuss Funds Raising and Borrowing Limit Enhancement Manappuram Finance Limited has scheduled a meeting of its Board of Directors to discuss and approve matters related to enhancing the company's borrowing limits. The board meeting is set for Tuesday, June 23, 2026.During the proposed meeting, the directors are expected to consider and ratify plans concerning the raising of funds. These funds are intended to be raised through various instruments, including the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers.The financing initiative is part of a broader proposal to enhance the borrowing limits of Manappuram Finance Limited under Section 180(1)(c) of the...

Unitech International Holds 11th Committee of Creditors Meeting Amid CIRP Unitech International Ltd has scheduled its 11th meeting of the Committee of Creditors (CoC) regarding its ongoing Corporate Insolvency Resolution Process (CIRP). The meeting is set for June 18, 2026.The gathering, which involves key stakeholders in the resolution process, will be conducted via video conferencing. This meeting represents a step in the continuation of the corporate insolvency resolution efforts for Unitech International Ltd.Material details regarding the upcoming CoC meeting are as follows:DetailInformationCompanyUnitech International LtdEvent11th Meeting of Committee of Creditors (CoC)DateJune 18, 2026Time04:00 P.M...

Apollo Tyres Sets Record Date for Final Dividend and Announces 53rd AGM Details Apollo Tyres Limited has announced key dates related to its 53rd Annual General Meeting (AGM), including the record date for the payment of the Final Dividend, along with various cut-off dates for shareholders.The Company confirmed that the 53rd AGM is scheduled to be held on Wednesday, July 29, 2026, at 3:00 PM (IST). The meeting will be conducted via Video Conferencing (VC).Final Dividend and Record Date Details Apollo Tyres Limited has fixed a specific record date for the payment of its Final Dividend. Shareholders must meet this date to be eligible for the dividend payout, which is planned to occur within 30 days of the AGM.The details regarding...

Acquirers Announce Open Offer for Colinz Laboratories Ltd., Targeting 26% Stake in Target Company The proposed open offer targets a stake of up to 26% in the equity of Colinz Laboratories Limited. The offering involves three individuals, Annjana Dugar, Likhitta Dugar, and Antariksh Dugar (collectively referred to as "Acquirers"), along with Padam Dugar acting as the Person Acting in Concert (PAC).The Acquirers and PAC have issued a public announcement regarding the open offer. The offer aims to acquire up to 6,54,966 fully paid-up equity shares of Colinz Laboratories Limited. These shares, which have a face value of ₹ 10 each, are being offered at a price of ₹ 54 per Equity Share.If fully accepted, the total consideration payable by...

Goyal Salt Limited Approves Incorporation of Subsidiary for Business Expansion Goyal Salt Limited has approved the incorporation of a new subsidiary company as part of its strategic expansion plans, according to its Board of Directors. The move signifies a focused effort by the company to grow its business operations in the related industry sector.The Board meeting, held on Thursday, June 18, 2026, sanctioned the incorporation of the subsidiary under the proposed name 'Goyal Foods Industries Private Limited.' This new entity is planned to operate within the salt production and refining industry.This initiative aims at the expansion of Goyal Salt Limited’s business. The proposed subsidiary will initially be incorporated with a...

Promoter Members Acquire Equity in Emerald Tyre Manufacturers Limited Stock Promoter members and group representatives executed acquisitions of equity shares in Emerald Tyre Manufacturers Limited, reflecting continued involvement by promoter stakeholders. The transactions included market purchases conducted by V.T. Chandrasekaran (Promoter) and two other members of the Promoter Group, as reported on June 18, 2026.V.T. Chandrasekaran, identified as a Promoter, acquired equity shares through a market purchase totaling Rs. 19,95,147.54/-. The acquisition saw his holding increase from 68,71,948 shares (35.28%) to 68,97,148 shares, representing a stake of 35.36%. This transaction took place on June 17, 2026.In addition to Mr...

Oasis Securities Ltd Announces Rights Issue with Key Dates and Schedule Oasis Securities Ltd has announced a rights issue, following the approval of necessary materials by its Board of Directors. The company confirmed that the Letter of Offer and associated issue materials will be dispatched to Eligible Equity Shareholders on June 18, 2026.The Board meeting held on June 18, 2026, reviewed and approved the terms of the rights issue, outlining the schedule for shareholders regarding their entitlements.Key details regarding the Rights Issue are as follows:ParticularsDateIssue Opening day and dateMonday, June 29, 2026Last date for On Market Renunciation of the Rights EntitlementsMonday, July 6, 2026Issue closing day and...

Malay Kumar Singha Appointed as Independent Director at India Tourism Development Corporation Limited (ITDC) India Tourism Development Corporation Limited (ITDC) has appointed Sh. Malay Kumar Singha as an Additional Director (Independent Director). The appointment was formalized after approval by the Board of Directors via a resolution passed through circulation on June 5, 2026. His directorship is effective from June 18, 2026.The appointment follows the initial designation of Sh. Singha as a Non-official Director (NoD) at ITDC for a period of three years, which commenced in line with Ministry of Tourism's Order Memo (OM No. PSU-6/1/2025-PSU dated May 25, 2026).Sh. Singha was formally appointed as an Independent Director after...

Wipro Limited Increases Stake in Aggne Global IT Services, Targeting 80% Holding Wipro Limited has announced plans to significantly expand its stake in Aggne Global IT Services Private Limited, an Insurtech company focused on the Property and Casualty (P&C) insurance sector. The acquisition aims to strengthen Wipro's competitive position within the specialized insurance industry.Following a previous transaction where Wipro acquired a 60% stake, Wipro is set to purchase an additional 20% of Aggne Global IT Services Private Limited. This expansion is anticipated to bring Wipro’s total shareholding in Aggne up to 80%. The entire transaction is expected to be completed by June 30, 2026.The investment into Aggne Global IT Services...

Warren Tea Limited Shareholders Meet to Approve Amalgamation with Maple Hotels & Resorts On June 18, 2026, a meeting of Equity Shareholders of Warren Tea Limited was held to seek approval for the Scheme of Amalgamation of the company with and into Maple Hotels & Resorts Limited. The scheme pertains to the amalgamation of Warren Tea Limited, its shareholders, and creditors into Maple Hotels & Resorts Limited.The meeting commenced at 11:30 A.M. and was chaired by Mr. Mohan Ram Goenka, Chairperson appointed by the National Company Law Tribunal (NCLT). Mr. Goenka informed members that the company had conducted the proceedings to seek shareholder approval for the amalgamation scheme under the relevant sections of the Companies Act, 2013...