Markets

Credit Agencies Reaffirm Knowledge Realty Trust’s AAA Ratings for Non-Convertible Debentures Knowledge Realty Trust (KRT) has successfully secured revalidated credit ratings from leading agencies Crisil Ratings Limited and ICRA Limited concerning its Non-Convertible Debentures (NCDs). Both ratings reaffirm the high degree of safety regarding financial obligations related to KRT’s debt instruments.Crisil Ratings Limited reaffirmed the rating for KRT’s Non-Convertible Debentures, assigning a "Crisil AAA/Stable" outlook as of June 9, 2026. This revalidation follows previous reaffirmation ratings issued on April 22, 2026.ICRA Limited also revalidated the credit rating for KRT's NCDs on June 10, 2026. The validation covered a total...

SML Mahindra Limited Announces Senior Management Changes Following Board Meeting The Board of Directors of SML Mahindra Limited has approved significant changes in its senior leadership team, effective following the company's meeting held on June 10, 2026. These decisions pertain to the cessation of a key executive and the assumption of additional duties by an existing directorate member.The Company announced that Dr. Venkataraman Srinivas (DIN: 11163042) will cease his role as Executive Director and Chief Executive Officer of SML Mahindra Limited. This transition is set to occur with effect from the close of June 30, 2026. The Board determined that Dr. Srinivas was transitioning to a new role within the Mahindra Group, consequently...

Jonjua Overseas Ltd Files Application in NCLT Regarding Telephone Cables Limited Insolvency Jonjua Overseas Ltd, operating as part of the JONJUA Consortium, has filed an application before the National Company Law Tribunal (NCLT) in Chandigarh. The filing pertains to the insolvency proceedings of Telephone Cables Limited.Stock Price Movement Jonjua Overseas Ltd. settled at ₹3.41 at the close of trade today, sinking 2.85% from its previous closing price. During the session, shares traded within a tight band, registering an intraday high of ₹3.51 and finding support down to ₹3.41.

Raymond Ltd Issues Corrigendum Detailing Strategic Use of Funds from Preferential Warrant Issue Raymond Ltd has issued a detailed Corrigendum to its Notice of Extraordinary General Meeting (EGM), providing clarity on the proposed preferential issue of convertible warrants. The EGM is scheduled for Thursday, June 18, 2026, through Video Conferencing or Other Audio-Visual Means.The Corrigendum addresses specific clarifications requested regarding the utilization and structure of the funds that will be raised through the warrant issuance. The company intends to utilize a total of up to Rs 330.88 crore from the proceeds of the warrants toward strategic corporate growth, acquisitions, and general corporate purposes.Allocation of Issue...

SEBI Mandates Full Remittance of Dues for Investor Investigation Case Involving Continental Seeds and Chemicals Limited The Securities and Exchange Board of India (SEBI) has issued a formal remittance advice concerning the outstanding dues related to an ongoing investigation into trading activities involving Continental Seeds and Chemicals Limited. This directive mandates that specific financial institutions ensure the recovery of current liabilities from the defaulting entity, Shiv Enterprises, proprietor Mujaffar Khan.The action falls under Recovery Certificate No. 8869 of 2025, which pertains to investigation proceedings initiated by SEBI. The notice underscores the Board's commitment to ensuring complete financial accountability...

SEBI Enforces Strict Recovery Against Defaulter Amid Shilpi Cable Technologies IPO Dispute SEBI has issued a formal Remittance Advice, signaling stringent enforcement action against Arvind Poddar in relation to outstanding dues connected to the IPO of Shilpi Cable Technologies Ltd. This directive mandates financial institutions and mutual funds across India to remit specific amounts owed by the individual defaulter.The regulatory action comes under Recovery Certificate No. 6728 of 2023, reinforcing SEBI's commitment to debt recovery processes concerning the aforementioned Initial Public Offering.Mandate for Financial Institution Remittance The notice is directed at all banks and mutual funds operating in India, detailing their...

Voler Car Declared Highest Bidder for Acquisition of Blu-Smart Mobility Limited in CIRP Process Voler Car Limited has been declared the Highest Bidder for the proposed acquisition of Blu-Smart Mobility Limited during the Corporate Insolvency Resolution Process (CIRP). The decision was made by the Resolution Professional following the closure of the auction process on 10 June 2026.The development places Voler Car in a position to potentially acquire the entity, which is engaged in the mobility and transportation sector and is presently undergoing CIRP under the Insolvency and Bankruptcy Code, 2016.The acquisition is subject to several conditions, including adherence to the terms of the auction process, the submission of the...

Senores Pharmaceuticals Ltd Updates Management Structure Following Company Secretary's Resignation Senores Pharmaceuticals Ltd has announced changes in its managerial personnel following the resignation of Mr. Vinay Kumar Mishra as Company Secretary and Compliance Officer. The company confirmed that Mr. Mishra will be relieved from his duties and responsibilities with effect from June 10, 2026.The update provides details regarding the designated Key Managerial Personnel (KMP) authorized to determine the materiality of an event or information for disclosure purposes related to the company. These personnel are crucial contacts established for corporate governance and reporting structure.Senores Pharmaceuticals Ltd has identified two...

Novelis Restarts Oswego Hot Mill Following Incident; Subsidiary of Hindalco Reports $18.4 Billion Net Sales Novelis Inc., a subsidiary of Hindalco Industries Limited, announced the restart of its hot mill at the Oswego facility in New York. The resumption of operations marks an important step for the company and its customers, following a previous fire incident at the site.As a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, Novelis is ramping up supply through the operational hot mill. The company stated that it is working closely with customers to increase the flow of product.During the recent outage period, Novelis mobilized its global network of hot mills and finishing...

Open Offer Status Update: 0 Shares Tendered for RBL Bank Limited Equity by Public Shareholders On June 10, 2026, a statement was issued regarding the status of the Open Offer concerning RBL Bank Limited. The transaction involves Emirates NBD Bank (P.J.S.C.) acquiring up to 415,586,443 equity shares of RBL Bank Limited from public shareholders.The disclosure clarified that zero (0) Equity Shares, constituting 0.00% of the total Offer Size, have been tendered in relation to the Open Offer. This information was derived from the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer.The details of the open offer and tender status are summarized below:MetricDetailTarget CompanyRBL Bank Limited...

Neetu Yoshi Ltd Receives Capacity Assessment Approval for Brake Support Manufacturing Neetu Yoshi Limited has secured a significant qualification milestone following an assessment by Rail Coach Factory, Kapurthala. The company received confirmation of its Capacity-Cum-Capability Assessment (CCA) regarding the manufacturing of Brake Support for FIAT Bogie.The CCA was conducted to evaluate Neetu Yoshi’s technical capability and infrastructure. Based on this evaluation, the company has been deemed suitable for producing the specified product. This approval enhances Neetu Yoshi's qualifications and prospects within the railway components segment.As confirmed by Rail Coach Factory, the Capacity-Cum-Capability Assessment is valid for a...

Somany Ceramics Acquires Preference Shares in Subsidiary SSCPL in Rights Issue Somany Ceramics Ltd has invested Rs 1,80,00,000/- into its subsidiary, M/s Sudha Somany Ceramics Private Limited (SSCPL). The investment was made through a rights issue on June 10, 2026.The acquisition involved the purchase of 18,00,000 11% Cumulative Redeemable Preference Shares of Rs 10/- each in SSCPL. By this transaction, Somany Ceramics maintained its shareholding in SSCPL at 60%. The entire investment was made via cash consideration.M/s Sudha Somany Ceramics Private Limited (SSCPL) is a company established on December 2, 2015. It operates within the Tile, Sanitaryware, Faucets and other allied products industry. The acquisition of shares from SSCPL...

KFin Technologies Plans Capital Infusion of Up To USD 2 Million into Wholly Owned Singapore Subsidiary KFin Technologies Limited has approved a proposal for further capital infusion into its wholly owned subsidiary, KFin Technologies (Singapore) Pte. Ltd., with the transaction set at arms' length and comprising a cash consideration. The Board of Directors approved the initiative, which involves providing financial support to the Singapore-based entity in one or more tranches.The investment is intended as a strategic move for business expansion within the subsidiary. KFin Technologies (Singapore) Pte. Ltd., incorporated on June 19, 2025, operates within the financial services industry. The capital infusion, which does not exceed USD 2...

Power Grid Corporation of India Announces Change in Company Secretary and Compliance Officer Power Grid Corporation of India Ltd has announced that Shri Satyaprakash Dash has ceased to be the Company Secretary and Compliance Officer of the company. The change is effective from June 10, 2026.Shri Satyaprakash Dash, who holds ICSI membership number ACS 71078, tendered his resignation from the post of Company Secretary and Compliance Officer of Power Grid Corporation of India Limited (POWERGRID).The company stated that Mr. Dash's decision to resign is due to other assignments within the Finance Department. He thanked the Board of Directors for their support and guidance during his tenure with POWERGRID in this capacity.POWERGRID...

Biocon acquires equity stake in AMPIN to support renewable energy objectives Biocon Ltd has acquired an equity stake in Ampin C&I Power Twelve Private Limited (AMPIN), a Special Purpose Vehicle dedicated to the generation and supply of solar power. The acquisition is designed to enhance Biocon’s renewable-based power consumption, supporting its decarbonization goals and aiding in the procurement of green energy.The company made an investment of Rs. 5,47,60,000 towards the subscription of 54,76,000 equity shares of AMPIN. The consideration for this acquisition was cash-based, with the shares having a face value of Rs. 10 each at par.The acquisition allows Biocon to maintain captive status as per the Electricity Act. This move aligns...

SEBI Directs Attachment of Accounts Against Entity in Continental Seeds Trading Probe: Rs 12 Lakh Liability Confirmed The Securities and Exchange Board of India (SEBI) has taken decisive regulatory action regarding trading activities involving the scrip of Continental Seeds and Chemical Limited. A Recovery Certificate has been issued directing the attachment of bank accounts belonging to Vijay Prakash Gupta, identified as a defaulter in this matter.This move comes following an investigation into certain entities’ involvement in trading irregularities related to the company's stock. The directive specifies the financial liability owed by the individual to SEBI.Financial Liability and Recovery Certificate Details The enforcement...

Durlax Top Surface Details Subscription and Pricing Structure for Preferential Issue of Convertible Warrants Durlax Top Surface Limited has outlined the subscription terms and valuation details related to its proposed preferential issue of convertible warrants. The company provided clarifications regarding the payment schedule for the warrants and confirmed that the issue price remains stable despite slight variances in market price computations.The issuance involves a structured payment timeline for the warrant holders. Initially, 25% of the total warrant subscription amount is set to be received by the company within 15 days following the receipt of in-principle approval from the Stock Exchange(s).The remaining balance of 75% of...

IIFL Finance Allots USD 500 Million in Fixed Rate Senior Secured Notes under Global Medium Term Note Programme IIFL Finance Limited has completed the allotment of USD 500,000,000 worth of Fixed Rate Senior Secured Notes issued under its Global Medium Term Note Programme. The notes were allotted on June 10, 2026.These unsecured senior notes are part of a larger USD 1,000,000,000 Global Medium Term Note Programme, which was updated by the Company via an Offering Circular dated May 25, 2026. The issuance aims to finance onward lending and support the growth of the company's business, in line with the Company’s Social Financing Framework.The Notes carry a coupon rate of 7.60% per annum and are scheduled to be paid semi-annually on...

Credit Rating Updates for Mindspace Business Parks REIT from CRISIL and ICRA Mindspace Business Parks REIT has received updated credit ratings from two major agencies, CRISIL Limited and ICRA Limited, covering its various debt instruments including Non-Convertible Debentures (NCDs) and Commercial Papers (CPs). The ratings confirm the high degree of safety associated with the REIT's financial obligations across multiple tranches of securities.The ratings have been issued by both agencies to underscore the strong credit profile of Mindspace Business Parks REIT. CRISIL Limited provided a comprehensive series of reaffirmed ratings for various NCD issuances, while ICRA Limited confirmed the status of the Issuer Rating and specific debt...

Indiabulls Ltd announces massive preferential issue of Warrants totaling INR 1000 Crore at an EGM Indiabulls Ltd., formerly Yaari Digital Integrated Services Limited, has announced plans for a significant capital raise through the issuance of convertible warrants in a private placement. The company is seeking shareholder approval for this special resolution at an Extraordinary General Meeting (EGM) scheduled for Thursday, July 2, 2026.The preferential issue involves offering up to 51,55,00,000 warrants, each priced at INR 19.40. The total aggregate consideration sought from the investors is set at INR 1000,07,00,000 (Rupees One Thousand Crore and Seven Lacs only). These warrants are convertible into fully paid-up equity shares of face...