Markets

NTPC Green Energy Group Capacity Increases as 50 MW Solar Component Achieves Commercial Operation NTPC Green Energy Limited, a subsidiary of NTPC Limited, has announced that a solar capacity component in Rajasthan has achieved commercial operation. The operational status was declared on June 14, 2026.The addition relates to the third part capacity of 50 MW Solar Capacity within a larger project structure. This component is part of Project Sixteen Renewable Power Private Limited, which serves as a step-down subsidiary of the joint venture ONGC NTPC Green Private Limited. The solar component contributes to a cumulative total of 250 MW out of a 300 MW solar component intended for the 200 MW RE Round The Clock (RTC) project located in...

Advani Hotels & Resorts Valuation Reports Conclude on Asset Value and 'Caravela' Brand Worth Advani Hotels & Resorts (India) Limited has received valuation reports concerning its operating business undertaking, the Caravela Beach Resort Goa ("Asset"), and the "Caravela" brand. The valuations, conducted by multiple registered valuers, covered both as-is-where-is scenarios and projected values incorporating new infrastructure.The board considered two separate valuation reports from Whitestone Valuers and Consultants Private Limited and ANVI Technical Advisors India Private Limited concerning the Asset. These reports were focused on determining the fair value of the resort as of March 31, 2026.Asset Valuation Summary The valuations for...

SEPC Limited Secures Dual Contracts with SAIL for ₹673 Crore Expansion Project at IISCO Burnpur SEPC Limited has successfully secured two major contracts from Steel Authority of India Limited (SAIL) concerning the 4.08 MTPA Crude Steel Expansion Project at its IISCO Steel Plant in Burnpur. The total value of the orders, which relate to crucial Balance of Plant works, amounts to ₹673.32 Crores.The company received Letters of Acceptance for these projects on June 11, 2026. The contracts cover both the Coke Oven BOP (excluding Civil & Structural) and the Sinter Plant BOP (including Civil & Structural).Project Details OverviewSEPC Limited's engagement covers two distinct packages necessary for the expansion project:Project...

Soma Textiles Recommends Final Dividend of Rs 0.5 Per Share; Fixes Record Date for AGM Soma Textiles & Industries Limited has announced outcomes from its Board meeting held on June 12, 2026. The company has recommended a final dividend for its shareholders and set the date for the upcoming Annual General Meeting (AGM).The Board approved a Final dividend of Rs 0.5/- per Equity Share. This recommendation was made for the financial year ended March 31, 2026. The company's equity share face value is Rs 10/-, representing a 5% rate on the shares. Should the final dividend be declared by shareholders at the AGM, it will be paid within statutory timelines after applicable taxes are deducted.The Board also approved the convening of the...

MPF Systems Ltd Board Meeting Set for June 18, 2026, to Approve Annual Report and AGM Details MPF Systems Ltd has scheduled a meeting of its Board of Directors to be held on Thursday, June 18, 2026, at the company's registered office. The meeting is intended to consider and approve several key aspects related to the upcoming Annual General Meeting (AGM).The agenda for the board meeting includes determining the particulars of the 33rd Annual General Meeting of the Company. Additionally, directors are set to review and approve the Annual Report and the Notice for the said AGM, which covers the fiscal year ending March 31, 2026.A critical focus of the meeting will be deciding the Book Closure Period and the E-Voting period associated...

Jindal Saw Ltd. Schedules Investor Meet with Quest Investment Managers Pvt. Ltd. Jindal Saw Ltd. has organized a dedicated meeting with an investor, Quest Investment Managers Pvt. Ltd., aimed at fostering direct communication regarding company operations and performance.The one-to-one investor interaction is set for Thursday, June 18, 2026, scheduled at 04:00 PM (IST). The meeting will be conducted virtually.Details of the scheduled engagement are as follows:InvestorModeDate and TimeQuest Investment Managers Pvt. LtdVirtualThursday, June 18, 2026, 04:00 PM (IST)The discussions during the meeting are expected to be based on publicly available information. Jindal Saw Ltd. confirmed that no unpublished price sensitive...

Oasis Securities Ltd Fixes Record Date for Rights Issue Oasis Securities Ltd has announced the record date for its upcoming Rights Issue. The company fixed Thursday, June 18, 2026, as the designated date for determining shareholder eligibility regarding the offering.The Rights Issue entitles existing equity shareholders of Oasis Securities Ltd to purchase three rights equity shares for every two fully paid-up equity shares they currently hold.This move is part of the company's strategy concerning its stock structure. The determination of shareholder status, based on ownership as of the record date, dictates eligibility for the issuance.Stock Price Movement Oasis Securities Ltd. settled at ₹14.70 at the close of trade today, edging...

Brigade Enterprises Schedules Analyst and Investor Meeting with Aditya Birla Mutual Fund Brigade Enterprises Ltd has announced the schedule for an upcoming meeting involving analysts and institutional investors. The company shared details regarding a scheduled engagement with Aditya Birla Mutual Fund.The meeting, set to take place on Monday, June 15, 2026, is categorized as a one-on-one session. This investor interaction will be conducted in a physical setting.Details of the planned institutional meetings are presented below:DateInvestor/Analyst/FundType of MeetingFormatJune 15, 2026Aditya Birla Mutual FundOne on onePhysicalThe company noted that the scheduled meetings remain subject to potential changes or cancellations...

RBI Slaps ₹3.90 Lakh Penalty on IIFL Samasta Finance for Major Compliance Lapses in Fraud Risk Management The Reserve Bank of India (RBI) has taken stringent regulatory action against IIFL Samasta Finance Limited, imposing a monetary penalty over ₹3 lakh due to significant non-compliance with crucial banking directives. The action underscores the regulator's zero-tolerance policy regarding fraud management and customer identification procedures across Non-Banking Financial Companies (NBFCs).The penalty, formalized by an order on June 5, 2026, targets deficiencies noted during a statutory inspection of the company conducted by the RBI. This inspection was based on IIFL Samasta Finance’s financial standing as reported up to March 31...

RBI Data Reveals Shifting Financial Landscape: Foreign Exchange Reserves Decline Amid Intensifying Bank Credit Trends Status of India's Foreign Exchange Reserves and Assets The Reserve Bank of India (RBI) has released its latest statistical supplement, providing a detailed look into the nation's financial reserves and banking sector activity. Total reserves stood at ₹ 6470564 (equivalent to $681610 Mn in US dollars). This reflects movements across various reserve components over recent periods.Foreign currency assets remained strong at ₹ 5158761 or $543444 Mn, although this figure showed a decline of -2704 ($) during the most recent period reported. Gold reserves were valued at ₹ 1087630 ($114575 Mn), registering a slight increase of...

RBI Slams True Credits Private Limited with ₹3.10 Lakh Penalty for Failing Enhanced Due Diligence Reserve Bank Imposes Monetary Penalty on True Credits for KYC Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty amounting to ₹3.10 lakh on True Credits Private Limited. This action follows a statutory inspection conducted by the regulator regarding the company's financial standing as of March 31, 2025. The penalty was finalized via an order issued by the RBI on June 5, 2026.The punitive action was taken in response to non-compliance with specific provisions laid out in the 'Reserve Bank of India (Know Your Customer (KYC)) Directions'. This measure utilizes powers conferred upon the RBI under Section 58G(1)(b)...

MCA Approves Change in Registered Office for Sukhjit Starch & Chemicals Limited Sukhjit Starch & Chemicals Limited has successfully completed the process of updating its corporate location, with the Ministry of Corporate Affairs (MCA) having approved the change in the company's registered office.The newly designated address for the company is Rehana Jattan, Tehsil Phagwara, District Kapurthala (Pb).The company maintains a long history, having been incorporated on March 16, 1944. As of the most recent available details, Sukhjit Starch & Chemicals Limited has an Authorized Capital of Rs 20,00,00,000 and a Paid up Capital of Rs 15,62,20,000.Key corporate details for Sukhjit Starch & Chemicals Limited include:DetailValueCompany...

Nazara Technologies Schedules Analyst and Investor Meetings with Securities Firms Nazara Technologies Ltd has scheduled a series of investor and analyst meetings with key securities firms in June 2026. These sessions are intended to facilitate discussions based on publicly available information for interested parties.The company has set up two separate one-on-one virtual meetings, each involving a different participant from the financial sector.The details of the scheduled meetings are as follows:DateTime (IST)ParticipantMeeting TypeMode of AttendancePlaceWednesday, June 17, 202604:00 p.m. onwardsVentura SecuritiesOne-on-One meetingVirtualMumbaiThursday, June 18, 202604:30 p.m. onwardsAmbit CapitalOne-on-One...

Oasis Securities Ltd Announces Rights Issue of Equity Shares Oasis Securities Ltd has announced a Rights Issue for its equity shares, providing an opportunity to existing shareholders to participate in the company's capital structure. The decision was approved by the Board of Directors during a meeting held on June 12, 2026.The Board approved the issuance of 2,77,50,000 Rights Equity Shares for cash to all eligible equity shareholders. These shares are offered at an issue price of Rs. 10.00/- per equity share, aggregating a total of Rs. 27,75,00,000/-.The details and terms associated with the Rights Issue are summarized below:ParticularsDetailsType of IssueRights issue of Equity SharesOffered Equity Shares2,77,50,000...

Federal Bank Ltd Holds Analyst and Investor Meetings with Global Firms Federal Bank Ltd held several meetings with various analysts and investor representatives on June 12, 2026. The engagements included firms such as DAM Capital, Millennium Partners, and JP Morgan.The meetings covered a range of interaction types, which were detailed as follows:Analyst/Investor NameType of MeetingVenue/Type of CallDAM CapitalMillennium PartnersOne on OneVirtualJP MorganThe bank confirmed that no presentations were conducted during the scheduled meetings.FEDERALBNK Stock Price Movement The Federal Bank Limited rallied today, closing at ₹315.70 after shares gained 1.69%. The stock saw intense buying activity, hitting its 52-week...

E2E Networks Limited Chief Revenue Officer M Kesava Reddy Resigns E2E Networks Ltd has announced that Mr. M Kesava Reddy, Chief Revenue Officer, is resigning from his position within the company. The resignation, which cites personal commitments as the reason for change, will be effective from the close of business hours on June 30, 2026.Mr. Reddy holds the senior management role at E2E Networks Ltd. The company has acknowledged his resignation.Key details regarding the personnel change are summarized below:Sr. No.ParticularDetailsName of SMPMr. M Kesava ReddyReason for changeResignation due to personal commitments.Date of CessationJune 30, 2026Mr. M Kesava Reddy stated that his resignation is solely due to the...

Asian Paints Limited Announces 80th AGM and Releases Integrated Annual Report for FY 2025-26 Asian Paints Limited has scheduled its 80th Annual General Meeting (AGM) to address key business matters, coinciding with the release of its Integrated Annual Report for the financial year 2025-26.The company announced that the AGM is set for Thursday, July 9, 2026. The meeting will be held at 11:00 a.m. and will utilize video conference (VC) or other audio visual means (OAVM).Accessing the Annual Report Electronic copies of the Notice of the AGM and the Integrated Annual Report for FY 2025-26 were sent to shareholders with registered email addresses. However, Asian Paints noted that some shareholders may not have their email address...

Sellers Dispose Shares in Arisinfra Solutions Ltd A consortium of shareholders representing Shivanand Shankar Mankekar HUF has completed a share disposal in Arisinfra Solutions Limited, reducing their holdings after selling shares in the company.The sellers are listed as Shivanand Shankar Mankekar HUF, with Mr. Shivanand Shankar Mankekar, Mrs. Laxmi Shivanand Mankekar, and Mr. Kedar Shivanand Mankekar noted as persons acting in concert. The holders reported no association with the promoter or promoter group of Arisinfra Solutions Limited.The transaction details relate to shares listed on both the National Stock Exchange of India Limited (NSE) and BSE Ltd. The sale was completed on June 12, 2026, through the open market...

Mukka Proteins Announces Strategic Investment in Aqua Marine to Expand Core Business Mukka Proteins Limited has approved a strategic investment in Aqua Marine, a manufacturing firm specializing in fish meals and fish oil. The acquisition aims to expand the company's core business by focusing on capacity expansion and optimizing operational processes to achieve improved production efficiency and broader market reach.The company plans to acquire a 51% stake in Aqua Marine through a capital contribution structured in one or more tranches. The investment amount is not exceeding Rs. 15,00,00,000/- (Rupees Fifteen Crores Only).Mukka Proteins Limited determined that the proposed investment aligns with its strategic plans for business...

International Gemological Institute Schedules Investor Meetings in Chicago and New York International Gemological Institute Limited has scheduled a series of meetings with Institutional Investors and Fund Managers as part of an upcoming Non-deal Roadshow. The interactions are set to take place in two major US cities.The company officials will be meeting investors, based on publicly available information, across two consecutive days. These physical roadshows involve one to one meetings in both Chicago and New York.A detailed schedule for the investor interactions is as follows:Day and DateInteraction withMode of Meeting/LocationEvent NameType of MeetingWednesday, June 17, 2026Institutional Investors / Fund ManagersPhysical -...