Markets

Diensten Tech Limited Approves Preferential Allotment of 3,98,800 Fully Convertible Warrants Diensten Tech Limited announced the approval of a preferential allotment of Fully Convertible Warrants (FCWs) through its Preferential Issue Committee. The allotment was sanctioned at an issue price of Rs. 115 per warrant for a cash consideration totaling Rs. 4,58,62,000.The company allotted a total of 3,98,800 FCWs to individuals and entities belonging to the Promoter & Promoter Group and Public categories.Details regarding the allottees are provided below:Sr.No.Name of the AllotteeCategoryNo. of Warrants Allotted1Abhishek SinghaniaPromoter2,60,0002Vipul PrakashPromoter52,0003Tina PrakashPromoter Group52,0004Sanjay Kumar...

Meesho Acquires Kirana Club in Bid to Expand Digital Commerce Access for India's Small Retailers Meesho Limited has acquired Kirana Club, a community-led Business-to-Business (B2B) marketplace, significantly strengthening its mission to democratize internet commerce across Bharat. The acquisition brings Meesho’s extensive scale into the specialized segment of small kirana retailers who form the backbone of Indian commerce.The move targets access to India's vast retail ecosystem, providing greater penetration into the grocery market and offering a platform for B2B play across multiple categories. Kirana Club, which was established in 2020 by Anshul Gupta and Aishwarya Jain, boasts one of India’s largest digital communities of kirana...

TCPL Packaging Limited Shares Transferred Following Stock Option Exercise TCPL Packaging Limited has confirmed the transfer of equity shares following the exercise of stock options granted under the company's established stock option plan. The transaction involves 508 shares, which were transferred by the TCPL ESOP Trust.The share transfer details relate to the execution of employee stock options within the organization. As part of this corporate action, the shares were formally handed over subsequent to the successful exercise of the options granted to the designated stockholders.TCPLPACK Stock Price Movement Today, shares of TCPL Packaging Limited edged higher in the market, closing at ₹2519.4 after posting a 2.24% gain. The stock...

Mukka Proteins Approves Issue of 2 Crore Warrants and Strategic Capital Contributions in Fish Industry Firms Mukka Proteins Limited has approved significant corporate actions following a Board meeting held on June 12, 2026. The company sanctioned the issue of up to 2 crore Fully Convertible Warrants (Warrants) to non-promoter entities, totaling an aggregate value of Rs 47,00,00,000/- at an issue price of Rs 23.50 per Warrant. Furthermore, the Board approved strategic investments through capital contributions in two partnership firms focused on fish meal and fish oil production.The preferential allotment of warrants is designed for identified non-promoter persons and entities and allows each warrant to be convertible into one fully...

Cellecor Gadgets Limited Expands Product Portfolio in Consumer Electronics and Home Appliances Cellecor Gadgets Limited, a rapidly growing brand in the consumer electronics and appliances sector, has announced a significant strategic expansion of its product range. The company is broadening its presence across both consumer electronics and home appliances, aiming to establish itself as a complete one-stop destination for modern Indian households.The diversification includes introducing new products in several key categories, including Fire TVs, Steam Irons, and Choppers. Cellecor is also expanding existing lines with various models of Semi-Automatic and Fully Automatic Washing Machines, Soundbars, Party Speakers, and Mixer Grinders...

RBI Slams Repco Home Finance with ₹70,000 Penalty Over 'Fair Practice Code' Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty on Repco Home Finance Limited for failure to adhere to specific directions outlined in the 'Fair Practice Code'. This action underscores the regulator's strict monitoring of financial practices within the housing finance sector. The company has been penalized ₹70,000/- for non-compliance with RBI directives.The penalty was levied by the RBI under the powers vested by Section 52A of the National Housing Bank Act, 1987. This action followed a statutory inspection conducted by the National Housing Bank concerning the company's financial position as of March 31, 2025. The supervisory...

GEE Ltd Schedules Analyst Meeting in Mumbai for June 2026 GEE Ltd has scheduled an Investor and Analyst meeting, which will feature management interaction based on publicly available information. The event is set to take place in Mumbai on June 18, 2026, facilitated through the company's Investor Relations firm, Kaptify Consulting.The details of the planned investor engagement are as follows:DateTimeFormatModeVenueJune 18, 202610 am to 06 pmGroup / One-on-OneIn PersonMumbaiDuring the scheduled meeting, which is designed for both group and one-on-one discussions, no unpublished price sensitive information will be discussed. The discussions with investors and analysts will adhere strictly to publicly available data.The...

CRISIL Revises Sukhjit Starch & Chemicals Ltd Ratings; Long-Term Credit Rating Adjusted Sukhjit Starch & Chemicals Limited (SSCL) saw its long-term credit rating for bank facilities and fixed deposits revised by CRISIL. The company's short-term rating was reaffirmed, as part of the updated assessment of its business and financial risk profile.CRISIL Ratings downgraded the long-term rating for total bank loan facilities and fixed deposits, while reaffirming the short-term rating. This revision followed SSCL reporting lower-than-expected revenues in fiscal 2026 amid subdued realization trends.Rating Action Overview The ratings action covered both short and long-term instruments, reflecting shifts in profitability and debt protection...

Signature Green Corporation Files Application with NCLT for Merger of Arvind Foods Signature Green Corporation Ltd, formerly known as Sagar Soya Products Limited, has filed an application with the Hon'ble National Company Law Tribunal (NCLT) in Mumbai. The filing relates to the Scheme of Merger by Absorption or Scheme of Amalgamation involving its wholly owned subsidiary, Arvind Foods Limited.The company sought necessary directions and orders from the NCLT under relevant provisions pertaining to the merger scheme.The Scheme remains subject to approval by the Hon'ble NCLT, along with all other statutory and regulatory approvals and consents required for completion. Signature Green Corporation Ltd confirmed that it will keep the Stock...

CSB Bank Ltd Transfers Shares Following Stock Option Exercise CSB Bank Limited confirmed that 23,249 equity shares of the bank were transferred on June 12, 2026. The transaction involved the CSB ESOS Trust and was carried out in favor of an eligible grantee.The share transfer occurred as part of the exercise of vested Stock Options under the CSB Employee Stock Option Scheme 2019. This movement of equity shares signifies the fulfillment of options granted to an employee within the specified scheme framework.CSBBANK Stock Price Movement CSB Bank Limited saw its stock rise today, settling at ₹366.35 after gaining ₹10.15 or 2.87%. The equity traded within a day range of ₹355.5 to ₹368 and moved on a volume of 255,496 shares.

Asian Paints Releases Sustainability Report, Highlights ESG Focus and Zero Liquid Discharge Implementation Asian Paints Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year spanning 1st April 2025 to 31st March 2026. The report details the company’s commitment to sustainable growth, presenting performance across key environmental, social, and governance (ESG) indicators in an evolving regulatory environment.The BRSR sets out Asian Paints' approach and performance across material ESG themes. The company is continuing to strengthen execution and transparency as it moves toward long-term goals for sustainability.Operational Overview and Stakeholder Engagement Regarding operational...

Capital Small Finance Bank Allots Shares of Stock Option Plan To Employees; Paid Up Capital Increases Capital Small Finance Bank Limited has completed the allotment of equity shares intended for its employees under the Employee Stock Option Plan 2023. This transaction resulted in an increase in the bank's paid up Equity Share Capital, as announced on June 12, 2026.The allotment pertains to 33,600 equity shares. Each share has a face value of Rs. 10/-, and was allotted at a premium of Rs. 161 per share, amounting to an issue price of Rs. 171 per share. The total aggregate value of these newly allotted shares is Rs. 57,45,600 (Rupees Fifty Seven Lakhs Forty Five Thousand Six Hundred Only).The decision regarding the stock allotment was...

Prismx Global Ventures Ltd Announces Resignation of Secretarial Auditor Prismx Global Ventures Ltd has confirmed the resignation of its Secretarial Auditor, M/s HRU & Associates Practicing Company Secretaries. The appointment served up until June 12, 2026.The company stated that there were no concerns raised by the Secretarial Auditor regarding the management of Prismx Global Ventures Ltd, and there was no material reason for the resignation beyond pre-occupations in other assignments.M/s HRU & Associates Practicing Company Secretaries tendered their resignation with immediate effect, citing other personal reasons related to current situations and commitments. The company's Audit Committee and the Board have confirmed that they will...

Teamlease Challenges CGST Appeal Order in High Court, Citing Rs 32.29 Crore Penalty Teamlease Services Limited has initiated legal action against an adverse order received from the Commissioner of CGST & Central Excise (Appeals-III), Mumbai. The company filed a Writ Petition before the Hon'ble High Court of Karnataka on June 12, 2026, challenging the appeal decision which originated from proceedings conducted by the Commissioner.The dispute centers around alleged non-supply of services concerning manpower services rendered by Teamlease during the period spanning July 2017 to July 2022. The order-in-appeal was received by the company on January 30, 2026.Teamlease asserts that it duly rendered all manpower services and issued valid...

Trust Sells 2.3% Stake in Lenskart Solutions Ltd Through On-Market Transaction Platinum Jasmine A 2018 Trust, acting through its trustee Platinum Owl C 2018 RSC Limited, has completed the sale of a substantial stake in Lenskart Solutions Ltd. The transaction occurred via an on-market sale on June 11, 2026.The Seller divested 4,00,00,000 equity shares of Lenskart Solutions Limited, representing 2.30% of the total diluted share capital of the company. This sale represented a significant reduction in the trust's holding in the target company.Prior to the disposal, the Seller held a substantial stake in Lenskart Solutions Ltd. Following the completed transaction, the entity's equity holding has been adjusted accordingly.Details...

D L MILLAR & CO LTD Acquires Shares in Premier Polyfilm Limited, Boosting Stake D L MILLAR & CO LTD, identified as a promoter group company of Premier Polyfilm Limited, has acquired equity shares in Premier Polyfilm. The acquisition took place on June 12, 2026, through the open market.The transaction resulted in D L MILLAR & CO LTD acquiring 2,02,190 equity shares. This purchase translates to a 0.19% stake in the target company.Prior to this acquisition, D L MILLAR & CO LTD held 1,55,40,245 shares, representing a 14.84% holding of Premier Polyfilm Limited. Following the open market transaction, the total shares carried by the acquirer increased to 1,57,42,435, amounting to a 15.03% stake in the target company.The details of the...

Indian Overseas Bank Revises MCLR Across Various Tenors Effective June 15, 2026 Indian Overseas Bank has announced revisions to its Marginal Cost of Funds based Lending Rate (MCLR), effective from June 15, 2026. The bank provided details regarding the updated rates across different loan tenures until further review.The revised MCLR structure encompasses various time horizons, ranging from overnight lending up to three years. Changes in the rates reflect adjustments to the cost of funds and are detailed based on the tenor of the corresponding loans.The updates show marginal changes for specific durations, while others maintain existing levels. For instance, the rate for One Month MCLR has been increased by 5 basis points (bps), while...

Nestlé India Rejects Allegations of Insect Detection in Maggi Noodles Nestle India has categorically rejected media allegations regarding the presence of infestation in its MAGGI noodles, responding to reports that detailed an FSSAI notice related to alleged insect detection.The company addressed the circulating unverified claims, stating that it maintains stringent quality and food safety standards across all manufacturing operations. Nestlé confirmed that a detailed representation, supported by relevant facts, batch quality records, market samples, and test reports, has been submitted to competent authorities.The complaint was initially made after a concern was raised by an unverified account holder on the social media platform X...

Max India Ltd Convenes Postal Ballot on Appointment of Independent Director and Reallocation of Rights Issue Proceeds Max India Ltd has initiated a remote e-voting process, inviting shareholders to consider two key special business items: the appointment of Ms. Mrinalini Mirchandani as an Independent Director and the proposed reallocation of unutilized funds from its previous Rights Issue. The remote e-voting period is scheduled to commence on Saturday, June 13, 2026, and conclude on Sunday, July 12, 2026.The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting for its members. The notice details that all material documents related to the proposed resolutions are available for inspection...

FRL, Wholly Owned Subsidiary of SJ Corporation Ltd, Approves Allotment of Equity Shares and CCCPS via Private Placement SJ Corporation Ltd's wholly owned subsidiary, Fishfa Rubbers Limited (FRL), has approved the allotment of equity shares and cumulative compulsorably convertible preference shares (Series A CCCPS). The decision was made during a Board meeting held on June 11, 2026.The company decided to allot securities on a preferential basis through private placement. As part of this transaction, FRL approved the issuance of 100 equity shares and 2,05,705 Series A CCCPS. Each security has a nominal value of INR 10/- (Rupees Ten only).According to details released by the company, the issue has been subscribed and funds have been...