Markets

RBL Bank Open Offer: Zero Equity Shares Tendered by Public Shareholders as of June 11, 2026 RBL Bank Ltd (the Target Company) has reported that no equity shares have been tendered in connection with the ongoing Open Offer initiated by Emirates NBD Bank (P.J.S.C.) (the Acquirer). As per statements received on June 11, 2026, zero equity shares were tendered against the offer size.The Open Offer was set up for the acquisition of a portion of RBL Bank's equity by Emirates NBD Bank. The total potential open offer involved up to 415,586,443 equity shares of Rs. 10 each, which represent 26.00% of the Expanded Voting Share Capital of the bank.The data regarding the tender status is detailed below:MetricValueEquity Shares Tendered0...

S.P. Apparels Limited Grants Loan Facility of Up To GBP 40,00,000 to Wholly Owned UK Subsidiary S.P. Apparels Limited has formalized a loan agreement with its subsidiary, S.P. Apparels (UK) (P) Limited, providing the entity with a financing facility intended exclusively for its ongoing business and operations. The transaction underscores the relationship between the parent company and its wholly owned subsidiary (WOS).The Loan Agreement establishes S.P. Apparels Limited as the Lender and S.P. Apparels (UK) (P) Limited as the Borrower. Given that S.P. Apparels Limited holds 100% of the shares in the UK entity, the transaction falls within the category of related party transactions. The company has stated that this arrangement is...

CDSL Appoints Amit Mahajan as Executive Director for Vertical 1 The Governing Board of Central Depository Services (India) Limited (CDSL) has approved the appointment of Shri Amit Mahajan as Executive Director for Vertical 1. The appointment formalizes his role as a Whole Time Director, effective from June 11, 2026, with an initial term spanning five years.The Board meeting held on June 11, 2026, approved the appointment of Shri Amit Mahajan (DIN: 06984769) as Executive Director for Vertical 1 (Critical Operations). The appointed role is scheduled to run from June 11, 2026, to June 10, 2031, pending ratification by the Shareholders.In addition to this appointment, the Board approved that Shri Amit Mahajan will continue holding the...

JK Tyre & Industries Ordered to Pay Stamp Duty Pertaining to Amalgamation Scheme JK Tyre & Industries Ltd has received an order from the Office of the Collector Stamps, Rajasthan Special Circle, Jaipur concerning the stamp duty associated with the scheme of amalgamation of Cavendish Industries Ltd into JK Tyre & Industries Ltd.The Order, which was issued by the Collector Stamps, Rajasthan Special Circle, Jaipur, mandates the payment of stamp duty along with applicable surcharges and penalty and Interest amounting to Rs 2 Crore each. The company has received this communication from the authority on June 10, 2026.DetailInformationEntityJK Tyre & Industries LtdAuthorityCollector Stamps, Rajasthan Special Circle, Jaipur...

Hindustan Oil Exploration Company Releases Quarter and Annual Financial Results Hindustan Oil Exploration Company Limited has announced its audited standalone and consolidated financial results for the quarter ended March 31, 2026, along with the annual financial results for the year ended March 31, 2025. The company’s Board of Directors approved these results in a meeting held on June 11, 2026.The company's independent auditors have issued an unmodified opinion on both the standalone and consolidated annual financial results.Financial Performance Highlights The financial statements provide detailed insights into the operational performance of Hindustan Oil Exploration Company Limited (HOEC). The Board noted that the standalone...

Edelweiss Financial Services Edits Timeline, Announcing Early Closure of Public Non-convertible Debenture Issuance Edelweiss Financial Services Limited has announced an early closure for its public issuance of Secured Redeemable Non-convertible Debentures (NCDs). The company's debenture fund raising committee decided on June 11, 2026, to accelerate the timeline for the issue.The original closure date for the NCD issuance was set for Friday, June 19, 2026. Following the resolution passed by the company's committee, the early closing date has been moved up to Friday, June 12, 2026.The public issuance pertains to up to 30,00,000 Secured Redeemable Non-convertible Debentures of face value ₹ 1,000 each, amounting to a base issue size of...

BCPL Railway Infrastructure Bags Rs 28.92 Million Contract for Electrical Works under Eastern Railway Division Kolkata, June 11, 2026: BCPL Railway Infrastructure Limited has secured a contract valued at Rs 28.92 million for essential electrical works within the Sealdah division of the Eastern Railway. The project involves specialized services related to 25 KV PSl and allied Electrical Works in connection with the SDAH Division.The contract, awarded by the Eastern Railway, entails the replacement of an aged Capacitor Bank at Titagarh/FP and Sonarpur/FP, along with associated PSI works. BCPL was awarded the order on June 11, 2026. The total project cost is Rs 28.92 million (including GST), and the work must be completed within 12...

SEBI Grants Crucial Deadline Extension: Merchant Bankers Get Relief Amid Regulatory Compliance Challenges SEBI has significantly adjusted the compliance timelines for registered Merchant Bankers (MBs). The move comes in response to widespread industry feedback regarding the operational difficulties associated with implementing complex new regulations. This circular grants vital extensions across several key requirements, particularly those relating to Separate Business Units (SBUs) and phased net worth obligations.The regulatory environment surrounding merchant banking has seen recent changes. Initially, SEBI notified the MB Amendment Regulations in December 2025. Subsequently, a Circular dated January 02, 2026, detailed the...

Accord Transformer Receives Domestic Purchase Order for Supply of Transformers valued at Rs. 1.03 Crore Accord Transformer & Switchgear Ltd has secured a significant domestic purchase order for the supply of transformers, worth Rs. 1,03,20,000. The company received this commercial order from a private sector firm in Madhya Pradesh, according to details released on June 11, 2026.The project involves supplying various transformers, scheduled for completion within three months tentatively. Although the name of the awarding entity was not disclosed due to client privacy terms and mutual understanding, the company confirmed that the order is routine and has been received in the normal course of business.Key details regarding the purchase...

PM Urges States to Transform 70 Crore Youth into Development Dividend for Viksit Bharat@2047 Prime Minister Shri Narendra Modi chaired the 11th Governing Council Meeting of NITI Aayog at Rashtrapati Bhavan Cultural Centre in New Delhi. The meeting, themed Inclusive Human Development for Viksit Bharat@2047, saw participation from Chief Ministers, Lt. Governors and Administrators representing all 28 States and 5 UTs. This event marked a historic instance where the Chief Ministers of every state participated in the Governing Council Meeting.The Prime Minister acknowledged that while global major economies face uncertainty, India's growth story continues to inspire the world. He stressed the need for strengthening national resolve toward...

Bharati Defence and Infrastructure Ltd to Hold Board Meeting to Approve Merger Scheme Bharati Defence and Infrastructure Ltd has scheduled a meeting of its Board of Directors to consider and approve a proposed Scheme of Merger/Amalgamation/Arrangement. The meeting is slated for Wednesday, June 17, 2026.The proposed scheme involves the merging companies, Exicom Technologies India Private Limited and Hind Simulation Training Private Limited, into Bharati Defence and Infrastructure Limited (Transferee Company).During the board meeting, which is set to take place on June 17, 2026, directors will consider the merger proposal. The Board also has the authority to address any other matters deemed necessary or incidental to the proposed...

Safe Enterprises Retail Fixtures Completes Acquisition of Remaining Stake in Subsidiary SERTPL Safe Enterprises Retail Fixtures Limited announced key outcomes from its Board of Directors meeting held on June 11, 2026, approving the complete acquisition of the balance equity stake in its subsidiary, Safe Enterprises Retail Technologies Private Limited (SERTPL), and formalizing appointments for the company's statutory and internal auditors.The acquisition aims to make SERTPL a Wholly Owned Subsidiary (WOS) of the Company. The proposed transaction involves acquiring 5.74% of SERTPL from promoter shareholders, including Mr. Mikdad Saleem Merchant, Mr. Huzefa Saleem Merchant, and Mr. Saleem Shabbir Merchant.The details concerning the...

Coram AI Secures $35 Million Series B to Accelerate AI Revolutionizing Physical Security AI-native physical security platform Coram AI has secured $35 million in a substantial Series B funding round. The round was co-led by Ansa Capital and Battery Ventures, boosting the startup’s total funding to $66 million. Existing investors, including UP. Partners, 8VC, and Mosaic Ventures, participated in the financing.The infusion of capital is set to dramatically accelerate AI product development across Coram's platform. The company also plans significant expansion of its go-to-market strategy and customer success teams. A key focus area will be scaling up engineering presence within India, specifically targeting Bengaluru.Expanding Global...

E2E Networks Limited to List 20 Crore Shares on BSE Starting June 12, 2026 E2E Networks Limited is set to begin trading its equity shares on the Mainboard Platform of the Bombay Stock Exchange (BSE). The company received approval for the Direct Listing of its shares, with the listing and trading scheduled to commence from Friday, June 12, 2026.The company will offer a total of 20,55,64,890 Equity Shares of Rs. 1/- each. These shares are slated for trading on BSE under the Scrip Code 544783.This listing marks the official transition of the company's equity into public trading activity on the exchange platform.Details concerning the direct listing approval and commencement are as follows:DetailSpecificationCompany NameE2E...

Shalimar Paints Reports FY2025-26 Results; Entity Faces Losses Amid Operational Turnaround Shalimar Paints Limited has reported its audited financial results for the fiscal year ending March 31, 2026. The company delivered both standalone and consolidated financial statements, reflecting a challenging period of operational performance against industry headwinds.The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026, alongside the Audit Report from the Statutory Auditor.Standalone Financial Performance Snapshot For the fiscal year ended March 31, 2026, the standalone results show a net loss after tax of 63.34 crore. The company reported total income of...

Kontor Space Limited Approves Preferential Fund Raise and Key Corporate Appointments Kontor Space Limited has finalized several major corporate decisions, including the preferential allotment of equity shares and convertible warrants, along with approving significant appointments related to company governance. The Board meeting addressed capital raising initiatives, proposed key executive roles, and set dates for an upcoming Extraordinary General Meeting (EOGM).The company approved the issue, offer, and allotment of securities as part of a capital-raising exercise. Under this initiative, 16,85,000 Preferential Equity shares were allotted to non-promoters, while 13,15,000 Convertible Warrants were issued to both Promoter and...

Laxmi Cotspin Board Approves Strategic Changes, Announces Rights Issue of Up To ₹18 Crore Laxmi Cotspin Limited announced several significant operational and strategic decisions following a meeting of its Board of Directors held on June 11, 2026. The board addressed key changes in management and statutory oversight while approving the proposal for a capital infusion through a Rights Issue.The company noted the resignation of Mrs. Soni Shailesh Karwa from her role as Company Secretary and Compliance Officer (a Key Managerial Personnel), effective June 1, 2026. Furthermore, the board took note of the resignation of M/s. DMKH & Co., Chartered Accountants, which served as the statutory auditors.New Management and Statutory Appointments...

HCLTech Secures Leader Status in 2026 Gartner Magic Quadrant for Managed Network Services HCLTech, a leading global technology firm, has achieved sustained recognition by being named a Leader in the 2026 Gartner® Magic Quadrant™ for Managed Network Services (MNS). This marks the fifth consecutive time the company has attained this distinction.The company leverages its AI Force platform and Agentic AI capabilities to drive performance across automation, security, and service delivery within managed network services. Gurpreet Singh Kohli, Executive Vice President of Digital Foundation Services at HCLTech, stated that their strong execution capabilities, based on industry insights and client feedback, position the firm at the forefront...

Windsor Machines Limited Receives Listing Approval for 700,000 Equity Shares Allotted on Preferential Basis Windsor Machines Limited has received trading approval from both the National Stock Exchange of India (NSE) and BSE Limited regarding the allotment of 700,000 equity shares. The securities are set to be listed and admitted to dealings on the exchanges starting June 12, 2026.The company's equity shares, which were allotted to Promoters on a preferential basis through the conversion of warrants, have been approved for listing by both stock exchanges. These shares carry a face value of Rs. 2/- each and were issued at a premium of Rs. 189.85/-.The listing confirms the successful completion of the requisite approvals needed to...

Merchant Vessels Targeted in Persian Gulf: Marine Security Concerns Rise as India Assures Energy and Fertilizer Stock Strength Amid ongoing geopolitical complexities in West Asia, the Indian government released a comprehensive briefing detailing security updates for maritime nationals, fuel availability, and the robust status of domestic agricultural resources. The multi-ministry update affirmed that while challenges persist in the shipping lanes, essential resource supply remains strong and stable across key sectors like energy and agriculture.Maritime Security Updates and Crew Welfare The Ministry of Ports, Shipping and Waterways expressed deep concern regarding recent security incidents involving merchant vessels in the Persian...