Markets

Ratnaveer Precision Engineering Ltd Schedules Plant Visit for Analysts and Investors Ratnaveer Precision Engineering Ltd has organized a dedicated plant visit event for analysts and institutional investors. The meeting is scheduled to take place at the company's registered office in Gujarat, providing stakeholders an opportunity to observe operations firsthand.The event details outline that the firm’s Board of Directors will host the session at its facility located at Plot No. E-77, GIDC, Savli (Manjusar), Dist: Vadodara, Gujarat, India, 391776.A structured schedule has been set for this interaction, which is designated as a Physical Meeting. The plant visit is scheduled for Saturday, June 20, 2026. Attendees can participate in the...

Cera Sanitaryware Reports Exercise of Stock Options under ESOS 2024 Cera Sanitaryware Limited has reported on the exercise of stock options granted to its eligible employees under the Cera Sanitaryware Employee Stock Option Scheme 2024 (ESOS 2024).The company confirmed that employees utilized their rights concerning the scheme, resulting in a specific realization amount.The ESOS 2024 was instituted with 14,950 options granted to eligible employees on June 5, 2024. The options were structured with various vesting schedules, including a minimum vesting period of one year and a maximum vesting period of five years from the grant date.Of the total options initially granted, 2,244 options vested as of June 5, 2026 (representing the...

Rbm Infracon Limited Appoints Pallavi Mani as Additional Non-Executive Director Rbm Infracon Limited has appointed Ms. Pallavi Mani as an Additional Non-Executive Director, following a decision made by its Board of Directors on Wednesday, June 17, 2026. The appointment comes based on the recommendation of the company's Nomination and Remuneration Committee.The addition of Ms. Mani to the board marks a key development for Rbm Infracon Limited. The Director is effective from June 17, 2026, subject to subsequent shareholder approval.The Board Meeting held on that day also confirmed that the composition of the company's Directors remains in compliance with the requirements set forth by the Companies Act and Listing Regulations.Details...

Sonu Infratech Releases Audited Financial Results for March 31, 2026; Confirms Unmodified Opinion Sonu Infratech Limited has released its audited Standalone and Consolidated financial results for the quarter, half year, and full year ended on March 31, 2026. The company confirmed the approval of these results by its Board of Directors.The annual performance data provided shows significant operational metrics for the consolidated entity. Key figures include:Revenue From Operations stood at 1,224,126. Total Income reached 1,302,384. Profit before Tax was reported at 1,759.36. The company reported a Net Profit of 63,454.These results were reviewed and approved by the Audit Committee and the Board of Directors on May 15, 2026...

Jay Ambe Supermarkets Ltd incorporates Wholly Owned Subsidiary Kilo Kulture Private Limited Jay Ambe Supermarkets Limited has established a new subsidiary, Kilo Kulture Private Limited, to enter the textile and retail goods market. The incorporation of the wholly owned entity marks a strategic move for the company, which is planning to focus on various segments of consumer products through its newly formed venture.Kilo Kulture Private Limited was incorporated as a Wholly Owned Subsidiary of Jay Ambe Supermarkets Limited and received its Certificate of Incorporation on June 15, 2026. The new entity is designated to operate within the textile industry.The objectives of Kilo Kulture Private Limited are extensive, covering the trading...

Open Offer for Novartis India Shares: Tender Status Reported Amid Acquisition Attempt Star Housing Finance Ltd has disclosed updates regarding the open offer pertaining to the acquisition of shares of Novartis India Limited by a consortium of investors, including WaveRise Investments Limited and ChrysCapital Fund X. The offer involves acquiring up to 64,19,608 fully paidup equity shares, representing 26% of the Voting Share Capital of Novartis India Limited.The open offer was launched by Acquirer 1 (WaveRise Investments Limited), Acquirer 2 (ChrysCapital Fund X), and Acquirer 3 (Two Infinity Partners). The acquisition is being undertaken in conjunction with PAC 1 (ChrysCapital X, LLC) and PAC 2 (OceanEdge Investments Limited).Tender...

Zero Shares Tendered in Novartis India Limited Open Offer as of June 17, 2026 The open offer concerning Novartis India Ltd. saw zero shares tendered in both demat and physical forms as of June 17, 2026. The offer sought to acquire up to 64,19,608 fully paidup equity shares representing 26% of the Voting Share Capital of the Target Company.The acquisition is being conducted by a consortium led by WaveRise Investments Limited, with participation from ChrysCapital Fund X and Two Infinity Partners. The collective entities acquiring the shares include Acquirer 1 (WaveRise Investments Limited), Acquirer 2 (ChrysCapital Fund X), and Acquirer 3 (Two Infinity Partners). The offer also includes two Persons Acting in Concert (PACs): ChrysCapital...

Alan Scott Enterprises Launches AIRCUE, India's First Wall Clock with Integrated Air Quality Monitor Alan Scott Enterprises Limited has announced the launch of AIRCUE, marking a significant step in environmental monitoring technology in India. The product, developed by its subsidiary Alan Scott Vajrashakti Technologies Limited, is hailed as India's first wall-hanging clock that incorporates a built-in Air Quality Index (AQI) monitor.AIRCUE is designed to serve homes, offices, educational institutions, and public spaces. It uniquely combines timekeeping functionality with real-time environmental monitoring and sustainable design principles in a single wall-mounted device. This combination represents a first of its kind within the...

Massive Customs Fraud Busted: Rs 138 Crore Duty Evasion Scheme Uncovered in Walnut Imports Authorities have successfully exposed a high-stakes customs duty evasion racket involving the fraudulent import of walnuts at Nhava Sheva in Navi Mumbai. The sophisticated syndicate was found responsible for a massive revenue loss amounting to Rs 138.84 crore, officials stated on Wednesday. In connection with 'Operation CO-FIND,' conducted by the Central Intelligence Unit (CIU) of Jawaharlal Nehru Customs House (JNCH), five individuals have been arrested so far.Deception Behind the Walnuts: How the Fraud Operated The elaborate smuggling scheme involved consignments that originated from countries including China, the US, and Chile. These...

Muthoot Capital Services Board Committee to Review Private Placement of Non-Convertible Debentures Muthoot Capital Services Limited has scheduled a meeting of its Debenture Issue and Allotment Committee to address the issuance of Non-Convertible Debentures (NCDs). The committee meeting is slated for Monday, June 22, 2026.The purpose of the gathering is to consider and approve the issuance of Non-Convertible Debentures (NCDs) through a private placement basis. This move aims to finalize the structure and details surrounding the NCD offering.MUTHOOTCAP Stock Price Movement Shares of Muthoot Capital Services Limited shed value, closing down 0.28% on the day to settle at ₹200.34. The stock saw a traded volume of 10,317 shares during its...

RBI Unleashes Interest Rate Ceiling on FCNR-B Deposits to Fuel Massive Capital Inflows The Reserve Bank of India (RBI) has taken a significant step to encourage foreign capital inflows by temporarily withdrawing the interest rate ceiling on fresh three and five year Foreign Currency Non-Resident bank (FCNR-B) deposits. This move was announced on June 17 as part of the RBI's ongoing review of its deposit interest rate directives dating back to 2025.The central bank also lifted restrictions on interest rates for non-resident external (NRE) deposits with tenors of three years or more, including those that are renewed upon maturity. These amendments concerning both FCNR-B and NRE deposits will come into immediate effect and remain in...

Takyon Networks Ltd Secures ₹1.5 Crore Order for F5 Link Load Balancer Supply and Installation Takyon Networks Ltd has secured a work order amounting to INR 1,50,00,000 from SKYNET SERVICES GLOBAL PRIVATE LIMITED. The contract involves the supply and installation of an F5 Link Load Balancer with Anti-DDos capabilities at APTS AP, which is one of the company's customers.The contract awarded by the domestic entity carries specific operational terms regarding delivery timeline, payment schedules, and warranty provisions.Key details of the order are as follows:ParticularDetailEntity Awarding OrderSKYNET SERVICES GLOBAL PRIVATE LIMITEDContract ValueINR 1,50,00,000Nature of WorkSupply and installation of F5 Link Load Balancer...

Rajesh Power Surges into Odisha, Bags Landmark ₹211 Crore Order from OPTCL Rajesh Power Services announced a significant expansion milestone on Wednesday after securing new orders worth ₹211.68 crore from the Odisha Power Transmission Corporation Ltd (OPTCL). This contract award establishes a major foothold for the company in the state of Odisha.The secured projects mark one of the largest transmission segment orders achieved by Rajesh Power to date. The deal involves critical infrastructure construction within the power transmission sector.Key Components of the Mega-Order The comprehensive order mandates the construction of specialized transmission infrastructure. This includes a 220 kV underground transmission cable designed to...

RLF Ltd Board Approves Conversion of Unsecured Loan into Equity Shares for Promoter Group RLF Limited announced that its Board of Directors approved several key resolutions, including the conversion of an outstanding unsecured loan into equity shares for the Promoter Group. The company also approved a new set of Articles of Association (AOA) and the convening of an Extra-Ordinary General Meeting (EGM).During the meeting held on June 17, 2026, the Board considered and approved a Memorandum of Understanding (MOU)/Loan Agreement between RLF Limited and Aditya Khanna (Managing Director) and Ashish Khanna (Director). This agreement concerns the settlement of an outstanding unsecured loan through conversion into equity shares.The approved...

Dr. Farukbhai Patel launches Open Offer for Accord Synergy Limited Shares at ₹42.35 per Share Mumbai: An open offer has been launched by Dr. Farukbhai Gulambhai Patel, along with Mr. Muinulhaque Iqbalhusen Kadva (Person Acting in Concert), to acquire a substantial stake in Accord Synergy Limited (Target Company). The offer is available to public shareholders at an offer price of ₹42.35 per share.The offer aims to acquire up to 9,72,500 fully paid-up Equity Shares (Offer Shares) of the Target Company, representing 25.12% of the Emerging Voting Equity Share Capital. The maximum total consideration for the acquisition is calculated at ₹4,11,85,375/- (Rupees Four Crore Eleven Lakh Eighty-Five Thousand Three Hundred Seventy-Five Only)...

Equitas Small Finance Bank Names Chief Digital Officer, Designates Senior Management Personnel Equitas Small Finance Bank Limited has appointed Mr. Shanmugam Manivannan as its new Chief Digital Officer (CDO). The appointment officializes a change in the bank's internal reporting structure and designates him as a Senior Management Personnel (SMP), effective June 17, 2026.Mr. Manivannan previously held the position of National Manager-Digital Banking at the institution. The designation reflects his role following an appointment arising out of a shift in the reporting relationship within the bank.The Chief Digital Officer brings extensive experience to Equitas Small Finance Bank Limited. He has over 21 years of experience across...

E2E Networks Limited Incorporates Sovcloud Technologies as Wholly Owned Subsidiary E2E Networks Limited has successfully incorporated Sovcloud Technologies Limited as its wholly owned subsidiary. The incorporation of the new entity was completed with effect from June 17, 2026.The newly formed company, which falls within the IT Industry, is dedicated to datacenter operations and related technological services. The objects of Sovcloud Technologies Limited include running managed, on-managed, or value added hosted solutions for datacenters. Furthermore, it is intended to provide provisioning, monitoring, and billing tools that enable datacenters to offer basic or value-added services to their clients. The company’s mandate also covers...

Ratnamani Metals & Tubes Sets August 11 as Record Date for 42nd Annual General Meeting E-voting Ratnamani Metals & Tubes Limited has announced key dates related to its upcoming 42nd Annual General Meeting (AGM). The company set Tuesday, August 11, 2026, as the cut-off date or record date for shareholders wishing to cast their vote electronically through remote e-voting.The AGM is scheduled to be held on Tuesday, August 18, 2026. Members who do not participate in electronic voting will be determined by this record date and will have the opportunity to vote as required at the AGM.Ratnamani Metals & Tubes Limited will facilitate the e-voting process through the National Securities Depository Limited (NSDL). The timeline for the...

Ratnamani Metals & Tubes Sets August 11 as Record Date for 42nd Annual General Meeting Ratnamani Metals & Tubes Limited has set a record date for its upcoming 42nd Annual General Meeting (AGM). The company announced that the record date, intended to determine eligibility for e-voting and dividend payment, is Tuesday, August 11, 2026.The 42nd AGM of Ratnamani Metals & Tubes Limited is scheduled to be held on Tuesday, August 18, 2026.Financial details regarding the equity share capital were provided across both exchanges:Stock ExchangesSecurity TypeShares IssuedFace Value per ShareTotal Paid-up CapitalNSE (RATNAMANI) & BSE (520111)Equity Shares7,00,92,000Rs.2/-Rs.14,01,84,000/-The record date is applicable for all paid-up...

Apollo Micro Systems Allots 87,65,615 Equity Shares Following Warrant Exercise Apollo Micro Systems Limited has approved the allotment of 87,65,615 equity shares following the exercise of warrants on a preferential basis. The allotment was carried out by the Securities Allotment Committee of the Board of Directors on June 17, 2026.The transaction followed an initial intimation given by the company on June 2, 2025, regarding the issuance of 3,80,67,058 warrants, each convertible into one equity share with a face value of Re. 1/-.Upon receipt of the Warrant Exercise Price totaling Rs. 74,94,60,082.50 (Rupees Seventy Four Crores Ninety Four Lakhs Sixty Thousand and Eighty Two Rupees and Fifty Paise Only), the company approved the...