Markets

SEBI Unleashes Asset Attachment Notice, Targeting All Bank Accounts and Securities Holdings in Major Corporate Recovery Action Regulatory action against financial misconduct intensified as SEBI issued a comprehensive Notice of Attachment. The order names Srinivas Rao Marupudi and mandates the attachment of all bank accounts, post office holdings, Demat accounts, and Mutual Fund folios belonging to the defaulter. This sweeping move aims to recover outstanding dues related to Venus Power Ventures (India) Ltd.The notice, dated June 10, 2026, formalizes the recovery process initiated by SEBI’s Recovery Division in exercise of powers conferred under Section 28A (1), 11(2) (ia) of the SEBI Act, 1992. The order targets financial institutions...

SEBI Takes Strict Action: Demat and Mutual Fund Accounts Attached in High-Value Default Case Over Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued a significant enforcement action, attaching the Demat and Mutual fund accounts of an individual due to outstanding dues related to Illiquid Stock Options. This regulatory move highlights SEBI's commitment to recovering funds owed under securities contracts.The attachment order, dated June 10, 2026, concerns Sushil Kumar Saraf (PAN: AKUPS9187L). The notice confirms the issuance of a Recovery Certificate No. 9081 of 2026 for the recovery of funds owed by the defaulter.Details of Account Attachment and Enforcement The SEBI order mandates the immediate...

Vijay Kumar Yadav Resigns from Chief Financial Officer Role at Duroply Industries Duroply Industries Ltd has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Vijay Kumar Yadav. The change in leadership was effective from the close of business hours on June 10, 2026.Mr. Yadav tendered his resignation due to personal reasons.The details regarding the managerial transition are summarized below:ParticularsDetailsReason for changeResignation due to personal reason.Date of cessationJune 10, 2026Term of appointmentNot ApplicableStock Price Movement Duroply Industries Ltd shares closed lower today, settling at ₹124.10 after falling 4.43%. The equity experienced a wide...

Naapbooks Ltd Forfeits Upfront Payments on Unexercised Warrants, Completes Equity Share Allotment Naapbooks Ltd announced a significant outcome of its recent board meeting, detailing the forfeiture of initial payments related to warrants that were not converted within the prescribed timeframe. The company also confirmed the allotment of equity shares following successful warrant conversions, resulting in an increase in paid-up capital.The Board of Directors reviewed the status of convertible warrants and approved the forfeiture of the upfront amount received on 14,84,515 warrants that failed to be exercised by their holders within the 18-month period ending June 09, 2026. The total forfeited amount amounted to Rs. 2,26,38,890...

Equity Flows Cool Amid Market Swings as Debt Outflows Hit Near ₹1 Lakh Crore, Yet SIP Stability Holds Firm Mutual fund investors faced a volatile May, marked by sharp swings in equity markets and significant outflows from debt categories. Despite these headwinds, systematic investment plan (SIP) contributions demonstrated remarkable resilience, providing a solid foundation for the industry amidst persistent global uncertainties. This trend underlines the sustained commitment of retail participants to long-term wealth accumulation through disciplined investing.Equity Inflows Drop Sharply as Sectoral Funds Underperform Equity mutual funds attracted net inflows of ₹22,908 crore in May, a significant slowdown compared to April's ₹38,440...

Chowgule Steamships Director Receives Summons from Directorate of Enforcement Chowgule Steamships Ltd has confirmed that its Whole Time Director received a summons from the Directorate of Enforcement (ED). The summons pertains to proceedings under the Foreign Exchange Management Act, 1999.The director named in the communication is Mr. Vijay Chowgule. The document was received on June 5, 2026, from the ED Panji Zonal Office.The Directorate of Enforcement issued the summons concerning attendance and inquiry purposes related to proceedings under Section 37 (1) and (3) of FEMA, 1999, read with section 131 (1) of the Income Tax Act, 1961 and Section 30 of the Code of Civil Procedure, 1908. The inquiry involves Jaywant Chowgule and...

Hoac Foods India Expands Retail Presence with New Franchise Outlet in Gurugram Hoac Foods India Limited has expanded its retail footprint across the National Capital Region (NCR) by commencing operations at a new franchised outlet under the 'Hariom' brand in Gurugram, Haryana. This addition is viewed by the company as a significant step toward strengthening its presence in the high-potential Gurugram market.The new outlet is located at AG-34, Unitech Arcadia, South City-2, Sector-49, Gurugram, Haryana - 122018, India. The store operates through the company's franchise partner, Neelam Enterprises.This expansion reinforces Hoac Foods' commitment to increasing customer reach and strengthening its retail presence in the region...

Global Textile Surge: Government Approves 96 Companies Under PLI Scheme, Committing ₹12,822 Crore to Manufacturing The government has significantly bolstered India's textile manufacturing ecosystem with the approval of 96 companies under Round-3 of the Production Linked Incentive (PLI) Scheme. This strategic move is set to drive substantial investment and employment creation within the textile value chain. The scheme emphasizes strengthening domestic capacity across critical segments, positioning India as a major hub for high-value textiles.Investment Boom Drives Textile Sector Growth The overall impact of the approved companies under Round-3 is projected to be transformative. A total committed investment of ₹12,822.67 crore has been...

Prabhav Industries Ltd reports no public issues or preferential offerings for fiscal year ending March 31, 2026 Prabhav Industries Ltd has confirmed that there were no Public Issues, Rights Issues, or Preferential Issues undertaken by the company during the quarter and financial year ended on March 31, 2026.The company reported that since no such issues occurred during the specified period, the Statement of Deviation or Variation concerning Public Issue, Rights Issue, or Preferential Issue is not applicable to Prabhav Industries Ltd for the quarter and year ending March 31, 2026.Stock Price Movement Prabhav Industries Ltd settled at ₹0.49 on Monday, holding steady with a zero percent change as of the market close. The shares traded...

Graphisads Limited Secures New Empanelments with Key PSUs and Corporations Graphisads Limited has added several new empanelments, securing agreements that complement its existing portfolio of projects. The company secured these appointments across various Public Sector Undertakings (PSUs) and corporations.The newly acquired empanelments cover specialized roles in creative services, advertising, and event management for major government-related entities.Key details of the company's new engagements are presented below:S. NoDepartment/ PSUCategory/ Nature of WorkStart Date & End DateTenure01National Capital Region Transport Corporation LimitedEmpanelment as Creative & Advertising Agency12-06-2026 To 11-06-202903 Years...

Petronet LNG Limited Schedules Virtual Analyst Conference with JM Financial Petronet LNG Limited has announced the schedule for an upcoming virtual conference intended for analysts and institutional investors, focusing on company updates and operations.The planned event is the JM Financial Virtual Conference. The meeting has been scheduled for June 15, 2026.This conference is designated as a One-to-One or Group Meeting and will be held virtually.Key details of the proposed analyst meet are presented below:DateParticularsType of MeetingLocation15.06.2026JM Financial Virtual ConferenceOne-to-One/ Group Meeting(s)VirtualPetronet LNG Limited confirmed that no unpublished price sensitive information is planned to be shared...

CMR Green Tech Plummets 10% After Bumper Debut: Is This The Right Time To Buy Into Recycled Metals? Shares of CMR Green Technologies hit a lower circuit of 10 percent on Wednesday, despite having made a remarkably strong market debut earlier in the day. The non-ferrous metal recycler stock demonstrated significant volatility following its initial public offering (IPO). It was trading at Rs 241.20 per share on the NSE at 2:55 pm, locked in the lower circuit.The listing performance underscores investor appetite for firms involved in sustainable resource management. The stock is still up 25.63 percent from its issue price. On the BSE, CMR Green Technologies debuted at Rs 275.40, marking a gain of 43.43 percent over the issue price...

Jeena Sikho Lifecare Limited Commences Operations of New Ayurvedic Hospital in Mathura, Uttar Pradesh Jeena Sikho Lifecare Limited has begun operations at its new hospital facility located in Mathura, Uttar Pradesh. The commencement date for the operation is June 10, 2026.The launch of this facility marks a significant step in the company's ongoing expansion strategy. This move aims to strengthen Jeena Sikho Lifecare Limited's healthcare infrastructure and enhance accessibility to quality Ayurvedic healthcare services across India. The facility is expected to support the company’s mission of providing integrated and holistic healthcare solutions.The new facility, named Sanskriti Ayurvedic P.G. Medical College & Hospital, offers...

Indian Navy Secures Rs 449 Crore Contract for Advanced Satellite Jammers in Massive Aatmanirbhar Bharat Push Indigenous Defence Tech Boost: MoD Inks Deal for Advanced GNSS Jammers The Ministry of Defence (MoD) has finalized a significant contract deal to bolster the military capabilities of the Indian Navy. Accord Software and Systems Private Limited (ASSPL), based in Bengaluru, has been awarded a contract worth Rs 449 crore. This procurement involves providing 20 Enhanced Capability Global Navigation Satellite System (ECGNSS) Jammers.The agreement was officially inked on June 10, 2026, in New Delhi, attended by Defence Secretary Shri Rajesh Kumar Singh. The transaction falls under the Buy category, reinforcing critical aspects of...

NESCO Surrenders Bengaluru-Chennai Expressway Site, Continues Development on Hyderabad Visakhapatnam Projects NESCO Ltd has taken action regarding a site on the Bengaluru-Chennai Expressway, submitting an application for surrender following adverse impact due to infrastructure and regulatory complexities. The company confirmed that it continues ongoing development activities on sites located along the Hyderabad Visakhapatnam Expressway.The company submitted the application for surrendering one site on the Bengaluru-Chennai Expressway to National Highways Logistics Management Limited (NHLML) on June 10, 2026. This action follows earlier communications regarding the status of the site. The surrender relates to issues that have adversely...

Prakash Pipes Ltd Completes Investment in BECIS Solar 3, Securing 26% Stake Prakash Pipes Limited has successfully finalized its investment in BECIS Solar 3 Private Limited (BECIS) through a right issue, solidifying its stake in the solar power venture. The acquisition is aligned with requirements for developing and constructing a solar power project intended to supply power to Prakash Pipes Ltd.The company allotted 130,23,152 fully paid-up equity shares of BECIS on June 9, 2026. These shares have a face value of ₹1/- each.Following the allotment, Prakash Pipes Ltd has invested a total amount of ₹1,30,23,152 in BECIS. This investment ensures that the company maintains a 26% shareholding in the issued and paid-up equity capital of...

Stanley Lifestyles Secures Cabinetry Order worth ₹ 1.62 Crore from AS Rajgopal Family Private Trust Stanley Lifestyles Ltd has secured a significant domestic order for the supply and execution of full home cabinetry from AS Rajgopal Family Private Trust. The contract, which was booked on June 09, 2026, totals ₹ 1,62,53,048 (inclusive of GST).The order details confirm that the service is a domestic venture for supplying and executing full home cabinetry products/services. AS Rajgopal Family Private Trust has paid an advance amounting to ₹ 86,18,132. This payment represents 70% of the total consideration. The remaining balance payable under the contract is ₹ 76,34,916 and is due prior to delivery.The contract terms specify that the...

JTL Industries Secures Order for Supply of Galvanized Iron Pipes from Himachal Pradesh State Civil Supplies Corporation Chandigarh: JTL Industries Limited (JTL), a major manufacturer of structural steel tubes, secured an order valued at Rs 26.7 Crore for the supply of Galvanized Iron (G.I.) Pipes. The contract involves providing approximately 3,425 Metric Tonnes of G.I. Pipes to the Jal Shakti Vibhag of the Government of Himachal Pradesh for various water supply and distribution projects in the state.The order, placed by the Himachal Pradesh State Civil Supplies Corporation Limited, underscores JTL's expanding role within India's critical water infrastructure segment. The company's ability to cater to such large-scale institutional...

VMS TMT Limited Appoints Shikha Ranjan as Whole Time Company Secretary and Compliance Officer VMS TMT Limited has appointed Ms. Shikha Ranjan as its Whole Time Company Secretary and Compliance Officer. The appointment was made by the Board of Directors at a meeting held on June 10, 2026, and the position is effective from June 9, 2026.Ms. Ranjan has been appointed to manage compliance functions within the company. She is described as a qualified Company Secretary and Law graduate, possessing approximately eleven years of work experience. The Board noted her professional excellence and expertise in her field during the appointment process.In addition to her role as Company Secretary and Compliance Officer, Ms. Shikha Ranjan will also...

Oil India Plummets as Global Crude Prices Retreat amid China Demand Concerns Upstream Giants Reel as Brent Slips Near $91 a Barrel Upstream oil producers faced considerable selling pressure on Wednesday as global crude prices began to decline from their recent peaks. Shares of Oil India and ONGC saw notable dips, reflecting the weakness in international oil markets.Oil India shares plunged 9.99 percent, trading at Rs 428.40 on the NSE. Similarly, ONGC declined by 2.70 percent, closing at Rs 252, amid the market adjustments.Drivers Behind Crude Oil Price Correction The slump in stock prices followed a sharp downturn in global crude oil prices. Brent crude was trading at $91.72 per barrel on Wednesday afternoon after failing to...