Markets

Indo Count Industries Ltd. Adjusts Operational Timeline for Kolhapur Capacity Addition Indo Count Industries Ltd. announced a correction regarding the commissioning timeline for its capacity addition project. The update relates to the company's spinning facility located at Alte, Kolhapur, Maharashtra.The company issued a corrigendum following an earlier intimation concerning the expansion project. This correction addresses an inadvertent clerical error related to the expected operational timeline.The initial announcement had specified that the facility would become operational by Q2 of FY 2027. The corrigendum officially changes this expected date. The revised timeline for the project becoming commissioned is now stated as 'by Q2 of...

Kirloskar Oil Engines Faces Tax Demand from Pune Deputy Commissioner Over ITC Mismatch Kirloskar Oil Engines Limited has received a Show Cause Notice concerning a tax demand related to Input Tax Credit (ITC) mismatch for the Financial Year (FY) 2022-23. The order was issued by the Deputy Commissioner of State Tax in Pune, Maharashtra, and was received by the company on June 1, 2026.The notice centers on the alleged ITC Mismatch for the financial year 2022-23, leading the Pune authority to impose a demand for tax, interest, and penalty.The total financial liability detailed in the order includes the following components:ComponentAmount DemandedTaxRs. 3,18,52,849/-InterestRs. 2,31,38,259/-PenaltyRs. 31,85,286/-...

Emami Limited Completes Acquisition, Establishes Subsidiary Status with IncNut Digital Private Limited Emami Limited announced today, June 1, 2026, the successful acquisition of a significant stake in IncNut Digital Private Limited, thereby making IncNut a subsidiary of the company.The acquisition involved Emami Limited acquiring 2,05,767 equity shares, which represents a 59.69% stake in IncNut Digital Private Limited.The company confirmed that the remaining stake acquisition of IncNut will be finalized according to the terms stipulated in the Share Subscription and Purchase Agreement. The remaining stake amounts to 0.31%, totaling 1,064 equity shares.For quick reference, the details of the completed acquisition are summarized...

Balmer Lawrie Hit With Fine for Quarterly Governance Non-Compliance Balmer Lawrie & Company Limited received a fine from the National Stock Exchange of India Limited (NSE) totaling Rs.7,50,480/- (inclusive of GST) for non-compliance concerning corporate governance during the quarter ended March 31, 2026. The fine was notified on June 1, 2026.The NSE Limited imposed the penalty for non-compliance with key Listing Regulations. The violations cited were related to maintaining adequate board composition and committee structure.According to the details of the penalty, the company committed the following breaches during the relevant periods:Violation DetailPeriod of Non-ComplianceStatus of Non-ComplianceAbsence of Independent...

Acme Solar Holdings Announces Qualified Placement of Equity Shares Acme Solar Holdings Limited confirmed the approval for the placement of equity shares to qualified institutions. The fund raising initiative, aimed at raising capital, was approved following a meeting of the Company’s Fund Raising Committee held on June 01, 2026.The decision was made subsequent to approvals accorded by the Board of Directors at their meeting on August 27, 2025, and through a special resolution passed by the members on September 29, 2025.The Fund Raising Committee approved the key aspects of the capital raise, including the opening of the Issue on June 01, 2026, and the adoption of the preliminary placement document and application form for the...

Indian Bank Revises Key Lending and Benchmark Rates, Effective June 3, 2026 Indian Bank announced revisions to several key lending and benchmark rates following a review by its Asset Liability Management Committee (ALCO). The revised rates for Marginal Cost of funds based Lending Rate (MCLR) and Treasury Bills Linked Lending Rate (TBLR) are set to take effect from June 3, 2026.The bank provided detailed schedules of the updated rates for MCLR and TBLR.MCLR Revision Details The MCLR rates show revisions across several tenors. The updated figures are as follows:TenorExisting Rate (%)Revised Rate (%)Overnight7.90%7.90%1 month8.20%8.20%3 months8.40%8.50%6 months8.65%8.75%1 Year8.75%8.85%TBLR Revision Details...

Ministry of Power Initiates Offer for Sale of NHPC Limited Equity Shares The President of India, acting through the Ministry of Power, Government of India, has proposed an Offer for Sale of equity shares of NHPC Limited. The sale will be executed through the stock exchange mechanism involving both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).The total potential offer comprises shares from the Base Offer Size and an Oversubscription Option. The Base Offer Size constitutes 3.00% of the paid-up equity, equivalent to 30,13,51,044 equity shares, each having a face value of ₹ 10.In addition, the total available shares under the Oversubscription Option is up to 30,13,51,044 equity shares, which, if exercised, would...

Force Motors Reports May 2026 Sales Data for Domestic and Export Units Force Motors Ltd has reported its sales data for the month of May 2026, detailing performance across domestic and export markets. The company reported sales units for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV) for the period.Domestic Sales Performance Domestic sales data showed a decrease in units sold compared to the previous year.CategoryMay 2026 (Units)May 2025 (Units)Percent ChangeSCV, LCV, UV, SUV2,5603,002(-14.72%)Export Sales Performance In the export segment, sales of SCV, LCV, UV, and SUV units also saw a significant decrease year over year.CategoryMay 2026...

Urban Company Limited Confirms Cancellation of Commercial Registration for Saudi Arabia Subsidiary Urban Company Limited has reported a significant operational update regarding its Saudi Arabian subsidiary, Urban Company Arabia for Information Technologies, Kingdom of Saudi Arabia (UC KSA). The company confirmed that its commercial registration for the subsidiary has been cancelled, effective May 24, 2026.The cancellation of the commercial registration came via an intimation received from the Ministry of Commerce, Kingdom of Saudi Arabia.The procedural dissolution and winding up process for UC KSA will continue in the subsequent steps and shall be completed in due course. As a result of the cancellation, UC KSA ceases to be a...

Zee Entertainment Wins Rights to Broadcast 39 FIFA Competitions in India (2026-2034) Zee Entertainment Enterprises Limited (Zee) has been awarded the comprehensive rights to broadcast, stream, and distribute a wide portfolio of 39 major FIFA competitions across India spanning from 2026 through 2034. The deal, awarded by the Fédération Internationale de Football Association (FIFA), covers a significant period of global football events.The agreement confirms Zee's mandate to deliver coverage across both its linear television channel, UNITE8 Sports, and its digital platform, Zee 5. This multi-faceted coverage will include multi-languages broadcasts for 39 FIFA events.Scope and Duration of Rights The contract details an extensive...

Invicta Diagnostic's Subsidiary Establishes New Step-Down Entity for Diagnostics Expansion Invicta Diagnostic Limited has announced a corporate expansion through the incorporation of a new subsidiary entity. Porteus Medical LLP, which is a subsidiary of the Company, established a Limited Liability Partnership (LLP) named Porteus Pathogenius LLP, resulting in the new entity becoming a Step-Down Subsidiary of Invicta Diagnostic Limited.The newly incorporated entity, Porteus Pathogenius LLP, is set to focus on the healthcare and diagnostics sector. Its objectives include undertaking the business of diagnostics, pathology, and laboratory services, with the goal of expanding the group's overall business operations. The LLP was incorporated...

Adani Energy Solutions Incorporates Seven Wholly Owned Subsidiaries in Electric Utilities Sector Adani Energy Solutions Limited announced the incorporation of seven new wholly owned subsidiaries, effectively expanding its reach within the electric utilities sector. The seven entities are Sunrays Step I Limited (SIL), Sunrays Step II Limited (SIIL), Sunrays Step III Limited (SIIIL), Arasan Step I Limited (ASIL), Arasan Step II Limited (ASIIL), Arasan Step III Limited (ASIIIL), and Arasan Step IV Limited (ASIVL).All subsidiaries were incorporated in India on June 1, 2026. Adani Energy Solutions Limited serves as the holding company for these new ventures.The core business activity of the newly formed subsidiaries is centered around...

ACME Solar Holdings Commissions Additional Battery Energy Storage System Capacity in Rajasthan ACME Solar Holdings Limited announced the commissioning of additional capacity for its Battery Energy Storage System (BESS) project in Rajasthan. The commissioning was achieved through the subsidiary, ACME Sun Power Private Limited.The new BESS project, located at Village: Badi Sid, Tehsil-Bap, Dist: Phalodi and Jodhpur, Rajasthan, was commissioned by ACME Solar Holdings Limited's wholly owned subsidiary on June 01, 2026. The project addition brings 33.333 MW and 160.512 MWh of storage capacity.While the commissioning occurred on June 01, 2026, the commercial operation date (COD) for this newly added capacity is set for June 03, 2026...

VIP Industries Limited Discontinues Sales of 'CARLTON' Brand Inventory Following Supreme Court Directions VIP Industries Limited announced that it has stopped and discontinued the sale of products under the 'CARLTON' brand, effective June 1, 2026. This action is in compliance with the directions received from the Supreme Court of India.The company's operational update stems from the Supreme Court of India's order, which was passed on August 1, 2025. This order addressed the special leave petition filed by the company against an earlier order from the Delhi High Court. Under the Supreme Court's allowance, VIP Industries was permitted to deal with the inventory of products under the 'CARLTON' mark, subject to specific terms. The Court...

NHPC Limited to Undertake Offer for Sale of Equity Shares by Ministry of Power The Ministry of Power, Government of India, has proposed an Offer for Sale (OFS) of a stake in NHPC Limited through the stock exchange mechanism. The sale is being conducted by the President of India, acting through the Ministry of Power, as the promoter of the company.The initial base offer proposes the sale of 3.00% of the Company's paid-up equity, equivalent to 30,13,51,044 equity shares of face value of ₹10 each.Offer Size and Structure The Offer details a primary Base Offer Size, along with two potential additional tranches:1. Oversubscription Option (Green Shoe): The seller has the option to sell up to 30,13,51,044 equity shares, which, if...

Lemon Tree Hotels Limited Mutually Terminates Franchise Agreement for Bareilly Hotel Lemon Tree Hotels Limited announced the mutual termination of a franchise agreement previously executed with M/s. Sparsh Inn LLP. The agreement, which had been signed on May 10, 2024, related to the use of the 'Keys Select by Lemon Tree Hotels' brand for a proposed upcoming hotel located in Bareilly, Uttar Pradesh.The company stated that the aforementioned hotel was not operational at the time of the agreement termination. Lemon Tree Hotels Limited confirmed that the termination of the franchise agreement will have no material financial impact on the company.LEMONTREE Stock Price Movement Today, Lemon Tree Hotels Limited shares slipped by 1.74% to...

Prime Cable Industries Limited Secures BIS License for Aluminium Alloy Stranded Conductors Prime Cable Industries Limited has successfully obtained a specialized license from the Bureau of Indian Standards (BIS) for the manufacturing of Aluminium Alloy Stranded Conductors. This certification covers the Aluminum-Magnesium-Silicon type for overhead power transmission purposes, specifically for sizes up to and including 604 sq.mm (Actual Aluminium Area).The acquired license, designated IS 398:PART 4: 1994, validates the company’s manufacturing capabilities for high-grade electrical infrastructure components. The license is valid until 29/05/2031.The BIS certification significantly enhances the company's product reliability and market...

Cantabil Retail India Limited Opens Four New Showrooms in May 2026 Cantabil Retail India Limited announced significant expansion in its retail network, confirming the opening of four new showrooms and shops across various locations in India during May 2026.The company's operational update reveals that following these recent additions, the total number of showrooms and shops operated by Cantabil Retail India Limited now stands at 662.The expansion highlights the company's continued growth strategy within the Indian market. The key figures detailing the expansion are as follows:MetricDetailNew Showrooms Opened4Period of OpeningMay 2026Total Operational Showrooms662CANTABIL Stock Price Movement Shares of Cantabil...

Chandan Healthcare Reports FY26 Total Income of ₹ 280.67 Cr, EBITDA of ₹ 56.84 Cr, and PAT of ₹ 27.06 Cr Lucknow, India, May 28, 2026 - Chandan Healthcare Limited, a leading diagnostics provider with a Pan India presence, today announced its audited financial results for the fourth quarter (Q4) and the full fiscal year (FY26) ended March 31, 2026.The financial results indicate significant growth across key operational metrics. The company reported a Total Income of ₹ 280.67 Cr for FY26, alongside an EBITDA of ₹ 56.84 Cr and a Profit After Tax (PAT) of ₹ 27.06 Cr.Consolidated Financial Performance The company's performance highlights demonstrate robust year-on-year growth. The key financial figures for FY26 versus FY25 are detailed...

Supreme Power Equipment Reports FY26 Performance; Consolidated Revenue Rises 21.78% to ₹ 182.10 Cr Chennai, June 1, 2026 - Supreme Power Equipment Limited (NSE - SUPREMEPWR), a leading manufacturer in the power and distribution transformer industry, today announced its audited financial results for the second half (H2) and full year (FY26) ended March 31, 2026.The company reported strong financial performance, with consolidated total revenue rising 21.78% year-over-year (YoY) to ₹ 182.10 Cr. Consolidated net profit reached ₹ 20.44 Cr.Financial Highlights The financial results reveal significant year-on-year growth across key metrics. According to the provided data, the consolidated performance across the financial years is as...