Markets

Mangalam Worldwide Ltd Receives Ratings and Reaffirmation from Acuite' for Bank Facilities and Debt Instruments Mangalam Worldwide Limited has received credit ratings from Acuite' Ratings & Research Limited concerning its bank facilities and debt instruments, as of June 12, 2026. The assessment provides specific details regarding the company's outstanding banking commitments and non-convertible debentures (NCD).The company’s bank facility ratings indicate a stable standing across various products. For the long-term Bank Loan facilities valued at Rs 206 Cr, Acuite' has reassigned a rating of ACUITE A- Stable & Reaffirmed. Simultaneously, short-term rated Bank Loan facilities amounting to Rs 45 Cr received an ACUITE A2+ & Reaffirmed...

Sumit Woods Limited Appointed Developer for Major Residential-Commercial Redevelopment in Sion West Sumit Woods Limited has been appointed as the Most Preferred Developer for a significant redevelopment project in Mumbai's sought after Sion (West) neighborhood. The development involves "The Welfare Mansion Co-operative Housing Society Ltd.," situated at Plot No.54, Laxmibai Kelkar Marg, Near Jain Society Bus Stop in Sion (West), Mumbai 400022.The project is conceptualized as a premium residential-cum-commercial development in a prime location within Sion (West). The scope of the construction and development potential for the site is estimated at approximately 84,000 sq.ft., carrying an expected revenue potential of about 103.13...

Madhav Marbles and Granites Limited seeks shareholder approval for three material related party transactions Madhav Marbles and Granites Limited is seeking members' consent at an Extra-Ordinary General Meeting (EGM) scheduled for July 06, 2026. The meeting is convened to gain approvals for various material related party transactions with its subsidiaries and associated companies, which are deemed necessary for the operational efficiency and business expansion of the company.The Board of Directors has recommended the three proposals, all of which relate to continuing or entering into transactions with affiliated entities in the ordinary course of business. The EGM is intended to seek Ordinary Resolution approval for these material...

Sunshine Capital Ltd Announces Resignation of Chief Financial Officer Sunshine Capital Ltd has announced a change in its senior management, effective June 12, 2026. Ms. Sangeeta, who served as the Company's Chief Financial Officer (CFO), has resigned from her post due to personal and unavoidable reasons.The resignation was confirmed by the company, stating that there is no other material reason for the departure beyond those provided in the official notification.Ms. Sangeeta expressed gratitude to all colleagues on the Board and others for their cooperation during her tenure as CFO of Sunshine Capital Ltd.Key details regarding the change are outlined below:Role ChangeNameResignation DateChief Financial Officer...

CEO of Embassy Office Parks Management Services Submits Trading Plan for Sale of Units A trading plan intended for the sale of units in Embassy Office Parks REIT by Mr. Amit Shetty, Chief Executive Officer of Embassy Office Parks Management Services Private Limited (EOPMSPL), has been approved. The REIT's management confirmed the approval on June 12, 2026.Mr. Shetty is entitled to the REIT units pursuant to options granted as an eligible employee under the Unit-based Employee Incentive Plan 2020, which was adopted by EOPMSPL. The submitted trading plan outlines the strategy for selling these specific units.EMBASSY Stock Price Movement Shares of Embassy Office Parks REIT today slipped by 0.63% to settle at ₹429.10. The stock traded...

Cochin Malabar Estates Re-appoints Director for Three Years Post Board Meeting Cochin Malabar Estates & Industries Ltd has approved the re-appointment of Mr. Chandra Prakash Sharma as a Whole-Time Director of the company, effective from June 15, 2026, to June 14, 2029. The decision was made by the Board of Directors during its meeting held on June 12, 2026.The appointment sees Mr. Sharma continuing his role as a Key Managerial Personnel (KMP). The company stated that while the board approved the re-appointment for a further period of three years, subject to the approval of the shareholders, the Company will seek Member's consent in due course.Details regarding the director and the terms of the re-appointment are provided below...

Vishal Mega Mart Subsidiary Penalized Rs 1 Lakh by Court Over Food Safety Violation Vishal Mega Mart Limited's subsidiary, Airplaza Retail Holdings Private Limited, has been fined Rs 1,00,000/- following an order from the Court of Additional District Magistrate in Rajnandgaon, Chhattisgarh. The penalty stems from a violation investigated by a food safety officer at one of the company’s stores.The action was taken after a Food Safety Officer conducted an inspection of the subsidiary's store located in Rajnandgaon on November 26, 2025. During the inspection, concerns were raised regarding the expiry date of one product. Subsequently, the Food Safety Officer filed a complaint before the Additional District Magistrate, leading to the...

Bemco Hydraulics Ltd signs Sub-Lease Agreement for Premises in Jubilant Motorworks Deal Bemco Hydraulics Ltd has finalized a sub-lease agreement, effectively leasing out part of its premises to Jubilant Motorworks Pvt Ltd. The agreement was executed on June 12, 2026.The deal involves the sub-leasing of approximately 25,000 sq ft of property. The Premises are designated for use as an Automobile Showroom/Experience Centre/Workshop/Service/Stock facility, as mutually agreed upon by both parties. The duration of the agreement is set for nine years.Jubilant Motorworks Pvt Ltd has been identified as an independent party with no prior relationship to Bemco Hydraulics Ltd. The terms of the sub-lease agreement stipulate specific rental...

Kirloskar Ferrous Industries Appoints Mrs. Pallavi Gokhale as Additional Independent Director Kirloskar Ferrous Industries Ltd has appointed Mrs. Pallavi Gokhale as an Additional Non-Executive Independent Director. The appointment was confirmed by the Board of Directors at a meeting held on June 12, 2026, and she assumes the role with effect from that date.Mrs. Pallavi Gokhale brings extensive experience in consulting to the company. She is aged 54 and holds qualifications as a Chartered Accountant and Cost Accountant. With over two decades of professional service, Mrs. Gokhale has supported various large Indian organizations and multinational companies across sectors including automotive, industrial products, metals, mining, and...

Shriram Asset Management Company Ltd Announces Changes in Senior Management Personnel Designations Shriram Asset Management Company Ltd has announced changes regarding the designations of key personnel within its management structure, effective June 15, 2026. The company approved re-designating Mr. Ketankumar Shah and appointed Mr. Hitesh Savanth as a Senior Fund Manager for the Mutual Fund Business.The Board of Directors, following recommendations from the Nomination and Remuneration Committee, passed circular resolutions approving these personnel changes on June 9, 2026, and June 12, 2026. Both individuals will continue to serve as Senior Management Personnel (SMP) for the company.Mr. Ketankumar Shah has been re-designated from...

BCC Fuba India Ltd Approves Conversion of Partly Paid-up Shares Following First and Final Call BCC Fuba India Ltd has approved the conversion of a portion of its Partly Paid-up Equity Shares into Fully Paid-up Equity Shares, following the collection of funds related to the First and Final Call Notice for a previous Rights Issue.The Board of Directors held a meeting on June 12, 2026, and approved the conversion of 44,32,220 Partly Paid-up Equity Shares into Fully Paid-up Equity Shares. This action relates to the First and Final Call notice issued on May 7, 2026, regarding the outstanding shares from a Rights Issue initiated via a Letter of Offer dated March 5, 2026.The First and Final Call required shareholders to pay Rs. 37.50 per...

SEBI Scrutiny Intensifies: Massive List of IPO Draft Documents Under Review as Market Awaits Clearing Signals As regulatory processes move forward, the status of initial public offering (IPO) draft documents filed with the Securities and Exchange Board of India (SEBI) continues to be closely monitored by investors and market participants. SEBI regulations mandate that every unlisted company seeking an IPO must submit a comprehensive draft offer document via a merchant banker. This ongoing review process provides real-time insights into corporate listing pipelines across various sectors.Companies Whose IPO Draft Documents are Currently Under SEBI Review As of June 12, 2026, a significant number of companies have filed their draft offer...

Ajanta Pharma Schedules Meetings for Domestic Institutional Investors in Mumbai Ajanta Pharma Ltd has announced a schedule of meetings designated for institutional investors and analysts, providing details regarding upcoming one on one conferences hosted by the company.The meeting is specifically targeted towards Domestic Institutional Investors (DII's). The event details have been structured to allow focused discussions between the company representatives and institutional participants.Details regarding the scheduled investor meetings are presented below:Date of ConferenceConference NameType of MeetingPlace17th & 18th June 2026Domestic Institutional Investors (DII's)one on oneMumbaiThe company noted that the scheduled...

Indian Equities Surge as Domestic Resilience Rebounds Amid Global Turmoil and FPI Outflows The Indian equity market staged a robust recovery in April 2026, recording its best monthly performance in over two years despite heightened global geopolitical uncertainties. Benchmark indices Nifty and Sensex saw substantial gains exceeding 6 per cent. This strong domestic rally contrasted sharply with sustained foreign capital flight and increased international market pressures.Capital Mobilization and Primary Market Insights The primary capital markets presented a mixed, though resilient, picture at the start of FY27. Equity fundraising registered a sharp surge of nearly 220 per cent compared to March 2026, although the debt segment...

L. T. Elevator Ltd Appoints EquiBridgeX Advisors as Investor Relations Representative L. T. Elevator Limited has appointed EquiBridgeX Advisors Private Limited as its Investor/PR Representative (IPR), effective June 12, 2026. The move is intended to strengthen the company's overall investor relations and public relations framework.EquiBridgeX Advisors Private Limited will be instrumental in managing the wide range of communications related to L. T. Elevator Limited. This includes maintaining engagement with investors, analysts, and various other stakeholders.The appointed firm will support the dissemination of corporate information and assist in handling any investor queries. Furthermore, the appointment aims to enhance the...

Jeena Sikho Lifecare Expands Healthcare Network with Proposed New Facility in Lucknow Jeena Sikho Lifecare Limited has announced plans for a significant expansion of its healthcare presence, detailing the establishment of a new hospital facility in Lucknow, Uttar Pradesh. The initiative is part of the company's strategic objective to expand its healthcare network and provide quality Panchakarma services to a larger population base.The proposed facility is scheduled to commence operations in August 2026. It will be located at Singh Palace, Khasra No. 426, situated at village Bani, Kanpur Road, Tehsil- Sarojini Nagar, Lucknow, U.P. The new hospital aims to offer substantial capacity addition within the regional healthcare sector.The...

Dhruv Consultancy Services Limited Wins Contract for Railway Overbridge Project Dhruv Consultancy Services Limited has been awarded a significant contract for Project Management Consultancy (PMC) related to the construction supervision of a rail overbridge near Rasoolpur-Gogumau in District Kanpur Dehat.The company received the Letter of Acceptance from U.P. State Bridge Corporation, Kanpur (The Authority), on June 12, 2026. The contract details involve supervising the construction of a two lane rail over bridge at level crossing no.-227C/2T at Km 1322/12-14, situated near Rasoolpur-Gogumau along the Jhansi-Kanpur Railway Section of the North Central Railway.The project is valued for consultancy fees amounting to Rs. 30,14,268...

Promoter Entity Sells Shares in Onix Solar Energy Ltd in Off Market Transaction Onix Renewable Limited, a promoter entity of Onix Solar Energy Ltd, has executed an off market transfer of its equity shares in the company. The transaction details confirm that the entity sold 6,77,340 shares worth 26,07,75,900.The sale resulted in a reduction of Onix Renewable Limited's holding in Onix Solar Energy Ltd stock. Prior to the disposal, the promoter entity held 2,08,07,237 shares, representing 56.4372% of the company’s equity. Following the off market sale, the holding stood at 2,01,29,897 shares, which translates to a 54.60% stake.The transaction details are summarized in the table below:DetailPrior Holding (Pre-disposal)Transaction...

Retail Inflation Edges Below 4% as May CPI Holds Steady Amid Food Price Jitters The Consumer Price Index (CPI) for May 2026 shows a consolidated inflation rate of 3.93%, indicating moderation in overall retail price increases. However, the underlying component of food prices remains elevated, with year-on-year food inflation reaching 4.78%. These figures provide critical insights into inflationary pressures across rural and urban markets for both general goods and specific commodity groups.Key Inflation Metrics for May 2026 The provisional data confirms that all India's combined CPI stood at 105.91, registering a 3.93% increase compared to the previous year (May 2025). This trend showed some differentiation between rural and urban...

Novus Loyalty Ltd Receives Unmodified Audit Report on Financial Results for FY2026 Novus Loyalty Ltd, previously known as Novus Loyalty Private Limited, has confirmed the receipt of an audit report concerning its financial results for the financial year ended March 31, 2026.The company's statutory auditors, L N Nangalya & Co., Chartered Accountants, have issued an Audit Report. The report provides an unmodified opinion on Novus Loyalty Ltd's Audited Standalone Financial Results for the fiscal year ending March 31, 2026.Stock Price Movement Novus Loyalty Ltd shares settled at ₹147.00 today, edging higher after gaining 0.68%. The stock experienced a wide intraday range, moving between a low of ₹140.00 and a high of ₹148.00.