Markets

3i Infotech Lands Three-Year Facility Management Contract with HPCL Worth Approximately ₹ 37.05 Crores 3i Infotech Limited has secured a significant business deal, having received a Purchase Order from Hindustan Petroleum Corporation Limited (HPCL). The contract involves providing comprehensive Facility Management Services (FMS) and related IT services across various HPCL locations for a duration of three years.The engagement covers the provision of essential IT support services across HPCL's corporate infrastructure, including the Corporate R&D Centre, Visakh Refinery, Head Office, Zones, ISC, and multiple PAN India sites. The scope of work is extensive, encompassing managed infrastructure services designed to ensure operational...

Marg Techno Projects Secures In-Principle Approvals from BSE and MSEI for Proposed Rights Issue Marg Techno Projects Ltd has received in-principle approvals from both BSE Limited and Metropolitan Stock Exchange of India Limited (MSEI) concerning its proposed Rights Issue of Fully Paid-up Equity Shares.The company secured the necessary approval from BSE Limited, dated May 05, 2026. The approval was granted following the review related to the intended rights issue.Subsequently, MSEI provided in-principle approval on June 10, 2026. This clearance relates to the proposed Rights Issue of Fully Paid-up Equity Shares by Marg Techno Projects Ltd.The receipt of these approvals from both stock exchanges pertains specifically to the...

Tirupati Sarjan Ltd Credit Ratings Revised by CRISIL Tirupati Sarjan Ltd has seen revisions in its credit ratings by CRISIL Ratings Limited, as detailed in a report dated 10/06/2026. The agency adjusted the ratings across two key financing facilities for the company.The ratings provided by CRISIL cover both long-term and short-term bank facilities. These adjustments reflect changes in the perceived creditworthiness of Tirupati Sarjan Ltd as assessed by the rating agency.Details of the revised credit ratings are presented below:FacilityExisting Credit RatingRevised Credit RatingLong Term Bank FacilitiesCrisil BB-/StableCrisil B+/StableShort Term Bank FacilitiesCrisil A4+Crisil A4Stock Price Movement Tirupati Sarjan Ltd...

Suratwwala Business Group Limited Holds Investor Meet on Samruddhi Season 3 - Nav-Bharat ka Caravan Suratwwala Business Group Limited has scheduled an investor and analyst meeting to discuss various aspects of the company. The event is focused on "Samruddhi Season 3 - Nav-Bharat ka Caravan" and will be conducted virtually.The investor meeting, which features a virtual conference format, is organized by Hem Securities Limited. It is set to take place on June 19, 2026, between 5:00 PM and 6:00 PM.The company assured investors that the discussions during the session will be based exclusively on generally available information. Management confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared or discussed during...

Falcon Technoprojects Approves Rights Issue, Changes Registered Office and Appoints Secretarial Auditor The Board of Directors of Falcon Technoprojects India Limited approved several key operational and capital restructuring decisions on June 10, 2026. These outcomes include the approval for a rights issue, a change in the company's registered office, and the appointment of a new Secretarial Auditor.Details of Rights Issue Approval The Board sanctioned the raising of funds through the issuance of equity shares via a Rights Issue. The proposed securities are equity shares with a face value of Rs. 10/- each. The total amount for this rights issue has been set not to exceed Rs 24.00 Crores (Rupees Twenty Four Crores Only).Registered...

Fire Incident at IOL Chemicals & Pharmaceuticals Unit, Minoxidil Production Temporarily Halted A minor fire incident occurred at one of the manufacturing units of IOL Chemicals & Pharmaceuticals Ltd, leading to a temporary suspension of operations in the affected plant. The company confirmed that the incident was contained and did not result in injuries or significant damage, though ongoing assessments are underway regarding the production schedule.The incident took place on June 9, 2026, at approximately 9:50 p.m. within Unit-9B, which is dedicated to the company's Minoxidil manufacturing. IOL Chemicals confirmed that the site emergency response team promptly controlled the fire in accordance with the established Onsite Emergency...

IBL Finance Limited Allots Non-Convertible Debentures Worth Rs 30 Lakh in Private Placement IBL Finance Limited, formerly known as IBL Finance Private Limited, announced the allotment of Unlisted, Senior, Secured, Unrated, Taxable, Redeemable Non-Convertible Debentures (NCDs) through a private placement. The finance committee approved the allotment on June 10, 2026, following previous approvals from the Board of Directors and shareholders' general meeting.The company allotted a total of 30 Non-Convertible Debentures to identified eligible investors. These NCDs have a face value of Rs 1,00,000 each, and were issued at an issue price of Rs 1,00,000 per debenture. The total size of this private placement amounted to Rs 30,00,000 (Rupee...

Sheela Foam Management Set to Attend Singapore Investor Conference Sheela Foam Ltd has announced that its management team will participate in the 'Antique's Singapore Investors' Conference India Conclave, 3rd Edition. The conference is being organized by Investment Trust of India and is scheduled for Monday, June 15, 2026.The event will take place at Mandarin Oriental, located at 5 Raffles Avenue, Singapore. The participation confirms the company’s commitment to interacting with investors and analysts in an international forum.While attending the conference, which is intended for interaction between the management, investors, and analysts, Sheela Foam has stated that no unpublished price sensitive information (UPSI) will be...

Dilip Buildcon Ltd to Attend Investor Conference Hosted by Systematix Group in Mumbai Dilip Buildcon Limited will participate in an investor conference hosted by the Systematix Group, focusing on updates related to the company. The event is scheduled for June 16, 2026, and will be held in Mumbai.The gathering provides stakeholders with an opportunity to engage with company officials. Details regarding the event are as follows:Date & TimeNature of MeetingOrganized ByPlaceJune 16, 2026, 02:00 PM onwardsOne-on-one/Group MeetingSystematix GroupMumbaiThe discussions planned for the conference are based exclusively on publicly available information. The company confirmed that no unpublished price sensitive information (UPSI) is...

Operational Creditor Files Insolvency Application Against Evoq Remedies Limited M/s. Evoq Remedies Limited has become the subject of an application seeking the commencement of the Corporate Insolvency Resolution Process (CIRP). The move was initiated by M/s. Harbhole Agrotech, which is classified as the operational creditor in this matter.The formal application was submitted to the Hon'ble National Company Law Tribunal, Division Bench, Court-1, Ahmedabad. According to the intimation, the filing was made on April 20, 2026, initiated by M/s. Harbhole Agrotech through its Proprietor, Mr. Krushna Kurjibhai Lakkad.The application pertains to Evoq Remedies Limited and falls under Section 9 of the Insolvency and Bankruptcy Code, 2016...

GeeCee Ventures Increases Stake in Juniper Hotels Ltd with Rs 0.99 Crore Investment Geecee Ventures Limited has increased its investment in Juniper Hotels Ltd (JHL) through an open market purchase of equity shares, bringing the company’s total stake in the hospitality firm to Rs 2.16 crores. The acquisition of additional shares in JHL was made by GeeCee Ventures as part of its ongoing investment activities.The Company acquired 50,000 Equity Shares of Juniper Hotels Ltd (JHL) through a cash consideration transaction valued at Rs 0.99 Crores. This latest investment has caused the total investment into Juniper Hotels Ltd to exceed regulatory thresholds specified under SEBI (Listing Obligations and Disclosure Requirements). The cost of...

Sudarshan Chemical Industries Ltd Allots 9,80,000 Equity Shares Following Warrant Conversion Sudarshan Chemical Industries Ltd has approved the allotment of 9,80,000 fully paid-up equity shares to Mr. Rajesh Balkrishna Rathi following the conversion of warrants issued earlier through a preferential issue. This transaction significantly impacts the company's capital structure and promoter holding details, according to the announcement dated June 10, 2026.The allotment is pursuant to the conversion of 9,80,000 warrants that were originally granted via a private placement offer. The Warrants, which were issued with a face value of Rs. 2/- each and an issue price of Rs. 1,019.75 per Warrant, were initially subscribed by Mr. Rajesh...

Vantage Knowledge Academy Enters MOU with KIMSR to Boost Presence in Higher Education Sector Vantage Knowledge Academy Ltd. has established a Memorandum of Understanding (MOU) with Kala Institute of Management Studies and Research (KIMSR), Mumbai, marking a significant step toward enhancing its footprint in the education and professional skilling industry.The collaboration between the two institutions is designed to foster academic partnerships and explore expanding opportunities within the educational domain. The association will concentrate on developing both specialized certification programs and the Master of Management Studies (MMS) program.A key aspect of the partnership is that the MMS program will operate under the...

Sobhagya Mercantile's JV Secures Major Contract for Adyal Lift Irrigation Scheme, Valued at Rs 26 Crore Sobhagya Mercantile Ltd. has successfully secured a significant construction contract through its joint venture partnership, M/s. Adyal L.I.S. (JV). The contract involves the Construction of Adyal Lift Irrigation Scheme under Gosikhurd Project in Tal. Bramhapuri, Dist. Chandrapur.The work order was awarded by Vidarbha Irrigation Development Corporation, Nagpur Office of Executive Engineer, Gosikhurd Right Bank Canal Division, Bramhapuri. M/s. Adyal L.I.S. (JV) signed the agreement on June 9, 2026, for this domestic project.The joint venture is comprised of Sobhagya Mercantile Ltd., as a member holding 40% stake, and S. S...

JOJO Ltd Announces Sub-division of Equity Shares, Reducing Face Value from Rs 10 to Rs 5 JOJO Limited (formerly known as Madhuveer Com 18 Network Limited) has announced the sub-division of its equity shares, aiming to enhance the liquidity and increase public participation in the company's stock. The decision was approved by the Board of Directors on June 10, 2026.The core corporate action involves subdividing the face value of each equity share from Rs. 10 (Rupees Ten only) each to Rs. 5 (Rupees Five only) each. Accordingly, every one existing equity share with a face value of Rs. 10/- each, which is fully paid-up, will be subdivided into two equity shares, each having a face value of Rs. 5/- each and being fully paid-up. This...

Health X Platform Ltd Announces Composite Scheme of Arrangement and Amalgamation Involving Four Companies Health X Platform Limited has approved a Composite Scheme of Arrangement and Amalgamation involving several companies to restructure their businesses, consolidate operations, and enhance value creation for stakeholders. The scheme involves Health X Platform Limited, Microsec Resources Private Limited (MRPL), Innogrow Technologies Limited (ITL), and Sastasundar Healthbuddy Limited (SHBL).The Scheme encompasses three main components: 1. Demerger of a specific undertaking from the Demerged Company into the Resulting Company. 2. Amalgamation of Innogrow Technologies Limited with and into Microsec Resources Private Limited. 3...

Promoter Acquires Shares in KCK Industries Limited Through Inter Se Transfer KCK INDUSTRIES LIMITED announced a change in its shareholding pattern following an inter se transfer of shares involving the company's promoter. The transaction saw Reena Sharma, identified as part of the promoter group, increase her stake by acquiring shares from another entity.The inter se transfer falls under the exemption provided for the promoter and promoter group. Key to the transaction is that the aggregate holding of the promoter and promoter group remains unchanged both before and after the completion of the inter se transfer.Details regarding the pre-transaction and post-transaction shareholding are as follows:Shareholder CategoryEntity...

RBI Invites Comments on Draft Amendments for Standardised Approach for Counterparty Credit Risk (SA-CCR) The Reserve Bank of India (RBI) has invited public comments on the draft Amendment Directions concerning the Standardised Approach for Counterparty Credit Risk (SA-CCR). These directives aim to update existing guidelines following recent legal and regulatory developments in derivatives markets.The existing framework requires the use of the Current Exposure Method (CEM) for calculating Counterparty Credit Risk (CCR) exposure. Originally, RBI issued final 'Guidelines for Computing Exposure for Counterparty Credit Risk arising from Derivative Transactions' and 'Guidelines on Capital Requirements for Bank Exposures to Central...

Ahluwalia Contracts Announces Q1 Results for FY26; Board Recommends 35% Dividend Ahluwalia Contracts (India) Limited has released its financial results for the first quarter of the financial year ended March 31, 2026, along with its full-year results. The company's Board of Directors reviewed and approved the standalone and consolidated audited financial results. In a key decision regarding shareholder returns, the board recommended a final dividend at the rate of 35% per equity share (i.e., Re. 0.70 Paisa per share).The company confirmed that the statutory auditors issued an unmodified opinion on the Standalone and Consolidated Audited Financial Results for the period ended March 31, 2026.Financial Highlights The financial results...

Outward FDI Commitments Plummet 49% in May as Indian Companies Slow Global Investments India's outward foreign direct investment commitments experienced a significant slowdown in May, declining by 49.02 per cent month-on-month to reach $4.49 billion. This drop reflects reductions across various commitment types, including equity investments, loans, and guarantees issued by Indian entities abroad, according to data released by the Reserve Bank of India (RBI).While the overall commitments saw a sharp decline on a MoM basis, the financial commitment component demonstrated resilience. Total financial commitments made by Indian entities in overseas investment increased 34.6 per cent year-on-year in May 2026, reaching $3.34 billion.Sharp...