Markets

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 -...

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...