Markets

Avatar Industries Announces Key Board Appointments and Formalizes Migration to NSE Main Board Avatar Industries Limited, formerly ASL Industries Limited, has announced significant governance updates following its Board meeting on June 17, 2026. The announcements include a new Managing Director appointment, the selection of Statutory Auditors, and the formal initiation of the company's migration process from the National Stock Exchange (NSE) SME Platform to the Main Board of the NSE.The company is undertaking these structural changes as part of its growth trajectory and commitment to operational maturity suitable for listing on the Main Board, in addition to its focus on expanding opportunities in artificial intelligence, software...

HFCL Secures Contract of ~INR 2,666.09 Crores from Rail Vikas Nigam Limited (RVNL) HFCL Limited has been awarded a significant contract amounting to approximately INR 2,666.09 Crores by Rail Vikas Nigam Limited (RVNL). This contract relates to the BharatNet Phase-III project within the Uttar Pradesh (West) Telecom Circle.The scope of work covered under the contract includes the supply of telecom equipment and related accessories, installation and commissioning, the creation of an Optical Fiber Cable Telecom Network, and maintenance of the project for a period of 10 years, which includes a one-year warranty period.This new assignment comes in addition to a previous contract awarded by RVNL for BharatNet Phase-III projects covering...

Hybrid Financial Services Limited Receives SEBI Registration Certificate for Stock Brokerage Operations Hybrid Financial Services Limited has successfully secured registration from the Securities and Exchange Board of India (SEBI), enabling it to carry on business as a Stock Broker. This critical certification ensures the smooth continuation of operations following the merger approval granted by the National Company Law Tribunal (NCLT) involving its subsidiary, Maximus Securities Limited.The company's application for single registration—to conduct stock brokerage and other allied activities—has been approved by SEBI. With this authorization, Hybrid Financial Services Limited can now operate seamlessly as the principal entity in the...

Sumeet Industries Limited Issues Corrigendum Rectifying Market Renunciation Date for Rights Issue Sumeet Industries Limited has issued a Corrigendum concerning its Letter of Offer, Abridged Letter of Offer, and associated application forms for an ongoing Rights Issue. The revision addresses a minor typographical error regarding the last date for Market Renunciation.The company confirmed that the Board of Directors had approved the issuance of this Corrigendum to rectify the mistake observed subsequent to the initial filing of the Letter of Offer.Correction to Market Renunciation Date The original Letter of Offer incorrectly stated the last date for Market Renunciation as July 16, 2026. The company has officially corrected this...

Rail Vikas Nigam Limited Secures Contract Worth Rs 967 Crore from East Coast Railway for Major Bridge Construction Project Rail Vikas Nigam Limited (RVNL) has secured a contract valued at Rs 967,92,66,661.70 from East Coast Railway. The agreement involves the construction of important bridges as part of the 3rd and 4th line expansion between Nergundi-Barang and Khurda Road-Vizianagaram along the Bhadrak-Vizianagaram section.The project, awarded in EPC mode, encompasses several infrastructure developments across a total span of 385Km.Key details regarding the contract include:ParticularsDetails of ProjectsAwarding EntityEast Coast RailwayNature of Contract3rd and 4th line between Nergundi-Barang (22Km) and Khurda...

YAAP Digital Appoints Sambit Mohanty as Group Chief Creative Officer to Drive Integrated Marketing Growth Gurugram - June 16, 2026: Yaap Digital Limited, a rapidly growing digital-first media and marketing solutions company in India, has announced the appointment of Mr. Sambit Mohanty as its new Group Chief Creative Officer (GCCO). This move underscores YAAP's commitment to building a world-class integrated marketing and technology platform.Mr. Mohanty brings over 20 years of experience across advertising, brand building, and integrated marketing communications to his role at YAAP. Prior to joining the company, he served as Creative Head -North & South at McCann Worldgroup India. His extensive career includes leadership positions at...

Vaibhav Global Limited Schedules One-on-One Analyst Meet with Choice Broking Vaibhav Global Limited has scheduled a specialized interaction session for its investors and analysts. The company officials are set to hold a physical one on one meeting with Choice Broking Limited.The meeting is scheduled for June 18, 2026. The interaction, which focuses on a dedicated discussion between the company management and the analyst firm, is slated to begin at 11:00 am IST.The details of the planned investor meeting are presented below:Analyst / Investor NameDateType of InteractionModeTime (IST)Choice Broking LimitedJune 18, 2026One on one meetingPhysical11:00 am onwardsVaibhav Global Limited confirmed that no Unpublished...

Esconet Technologies to Host Investor Conference Call for H2-FY26 and FY-2026 Results Esconet Technologies Limited, formerly known as Esconet Technologies Private Limited, has scheduled a conference call for investors and analysts to discuss its financial performance and business operations for the Second Half of Fiscal Year 2026 (H2-FY26) and the full fiscal year 2026.The investor engagement session is set for Monday, June 22, 2026, at 3:30 PM IST. During the call, the company's management team will provide a comprehensive overview of its operational highlights, strategic initiatives, and financial results covering both periods.Senior leadership members who will participate in the conference call include Mr. Santosh Kumar Agrawal...

Resourceful Automobile Ltd Reports Financial Results for FY26; Achieves Unmodified Opinion on Standalone Audit Resourceful Automobile Limited, a listed company, has released its financial results and audit reports for the half year and full year ended March 31, 2026. The company's Board of Directors reviewed and approved the standalone audited financial results, which were accompanied by an unqualified audit opinion on the results for the full fiscal year.The comprehensive financial data provides insight into the company's performance across operations, profitability, and capital structure as of March 31, 2026.Financial Performance Highlights (Year Ended March 31, 2026) For the year ended March 31, 2026, Resourceful Automobile...

Sugs Lloyd Ltd Secures Contract from TPSODL for Supply and Installation of Fault Passage Indicators Sugs Lloyd Ltd has received a Letter of Award (LOA) from TP Southern Odisha Distribution Limited (TPSODL). The contract involves the supply, installation, testing, and commissioning (SITC) of 11 KV and 33 KV Fault Passage Indicators (FPI) and Data Communicator Units (DCU).The total order value for Sugs Lloyd Ltd is Rs. 1,80,31,491/-. This domestic contract pertains to the modernization of a power distribution network. The company was informed about the grant of the LOA by TPSODL on June 17, 2026.The details regarding this order are as follows:ParticularsDetails of ProjectName of the entity awarding the order(s)/contract(s)TP...

Sammaan Capital Allots 26.87 Lakh Equity Shares Via ESOP Schemes; Share Capital Reaches ₹23 Crore Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, has allotted a significant tranche of equity shares to eligible employees following the exercise of stock options under its Employee Stock Option Schemes (ESOP). The allotment, executed on June 17, 2026, involved issuing fully paid-up and partly paid-up equity shares against the exercised options.The company's Nomination & Remuneration Committee approved the allotment of 26,87,663 fully paid-up Equity shares to employees under two schemes: 'Indiabulls Housing Finance Limited Employees Stock Option Scheme - 2013' (ESOP 2013) and 'Sammaan Capital Limited Employee...

AVATAR Industries Initiates Main Board Migration from NSE SME Platform; Approves Key Governance Changes Avatar Industries Limited (formerly known as ASL Industries Limited) has announced the outcomes of its recent Board Meeting, which detailed significant governance and structural changes as the company prepares to migrate from the SME Platform of the National Stock Exchange (NSE) to the Main Board. These steps are part of the company's strategic evolution as it aims to scale operations in artificial intelligence, software solutions, and digital infrastructure.The Board meeting reviewed and approved several material business matters intended to support the company's growth trajectory and enhance operational maturity. The core...

Pyramid Technoplast Ltd Management to Meet Investors at GIA Flagship Conference 2026 Pyramid Technoplast Ltd has announced that its management team will be participating in the GIA Flagship Conference 2026, which is scheduled to host investors and analysts. The event details include a dedicated session for participants who wish to meet with the company's leadership.The meeting is categorized as a Group Conference and will take place in person in Mumbai.ParticularsDetailsEventGIA Flagship Conference 2026Meeting TypeGroup Conference, In personDateTuesday, June 23, 2026Timings09:00 AM to 6:00 PM (IST)VenueMumbaiThe company's management will attend the GIA Flagship Conference 2026 in Mumbai. The event is scheduled...

Director Ms. Gauri Satish Chiplunkar Resigns from Asgard Alcobev Ltd Ms. Gauri Satish Chiplunkar, a director of Asgard Alcobev Limited (formerly known as Banganga Paper Industries Limited), has resigned from the position. The resignation was effective immediately, following close of working hours on June 17, 2026.The company confirmed that Ms. Chiplunkar's departure is due to personal reasons and was submitted voluntarily. As stated in her formal notice, there are no other material circumstances associated with the decision to resign, and she confirmed having no outstanding claims or dues against the Company.Asgard Alcobev Limited appreciated the opportunity to have served on the Board. The company wished continued success to all...

Parth Construction Subsidiary Completes Agreement for Sale of Units in Ambika Nagar Project B-Right RealEstate Limited's step-down subsidiary, M/s. Parth Construction, has entered into a significant agreement with M/s. Keystone Realtors Limited regarding the sale of FSI / PTC units within its Ambika Nagar project.The transaction involves the sale of 176 units, spanning 8,800.74 Sq meters. The total consideration for this agreement is Rs. 143,45,20,620/- (Rupees One Hundred FortyThree Crores Forty-Five Lacs Twenty Thousand Six Hundred and Twenty Only).Project Details and Pre-Sales Momentum The Ambika Nagar project stands as a landmark SRA redevelopment venture located in Jogeshwari East. The entire development covers over 10,223 sq...

Tarsons Products Provides Clarification on Stock Volume Spurt Tarsons Products Ltd has addressed queries regarding a recent spurt in its share trading volume, confirming that there is no pending or undisclosed material information affecting the company's operations.The clarification confirms that the movement observed in the company's shares is market driven. Tarsons Products stated that it holds no undisclosed price sensitive information related to its operations or performance that would necessitate such a disclosure.The company reiterated that it maintains transparency regarding all events and information pertaining to its business activities for its investors.TARSONS Stock Price Movement Today, Tarsons Products Limited shares...

Magson Retail Incorporates INDOGOURMET LLP, Investing 51% in New Food Enterprise Magson Retail and Distribution Limited has made a strategic move by incorporating a new entity, INDOGOURMET LLP. The company invested Rs. 5100/- into the newly formed Limited Liability Partnership (LLP), which represents a 51% shareholding of its total capital contribution. The Ministry of Corporate Affairs issued the Certificate of Incorporation for INDOGOURMET LLP on June 17, 2026.The incorporation involves Magson Retail and Distribution Limited establishing a new venture intended to cover various aspects of food commodities trading and manufacturing. This strategic move marks an investment by a related party into a business entity focused entirely...

Bharati Defence and Infrastructure Limited Approves Amalgamation Scheme of ETPL and HSTPL Bharati Defence and Infrastructure Limited (BDIL) has approved a comprehensive scheme of amalgamation involving two companies, Exicom Technologies India Private Limited (ETPL) and Hind Simulation Training Private Limited (HSTPL), with the transferee company. The decision was made by the Board of Directors during its meeting on June 17, 2026.The Scheme encompasses the consolidation of ETPL and HSTPL into Bharati Defence and Infrastructure Limited. The merger has been determined to be at arm's length basis following a valuation report issued on June 12, 2026, by an Independent Registered Valuer, supported by a fairness opinion from a SEBI...

5Paisa Capital Limited Announces Chief Compliance Officer Resignation 5Paisa Capital Limited has announced that Mr. Sudhendoo Ganddhi has resigned from his position as Chief Compliance Officer. The company confirmed that the resignation was accepted and became effective at the close of business hours on June 16, 2026.The primary reason cited for the departure is to pursue career opportunities outside of the organization.Key details regarding the change in leadership role are summarized below:ParticularsDetailsPositionChief Compliance OfficerResignation ReasonTo pursue career opportunities outside the organizationCessation DateJune 16, 20265PAISA Stock Price Movement Shares of 5Paisa Capital Limited today shed value...

Mahindra Summit Agriscience Loses Subsidiary Status as Investment Restructure is Completed Mahindra & Mahindra Limited has seen a shift in its investment status regarding Mahindra Summit Agriscience Limited (MSAL) following new agreements between the company, its subsidiary, and Summit Agro International Limited (SAI). The completed transaction means MSAL will transition from being a subsidiary of MASL to an associate while maintaining its joint venture status with SAI.Mahindra Agri Solutions Limited (MASL), a subsidiary of Mahindra & Mahindra Ltd, along with Summit Agro International Limited (SAI) has been involved in restructuring the ownership and governance of MSAL. The company recently signed a Share Subscription Agreement (SSA)...