Markets

Nitiraj Engineers Limited Appoints Mrs. Soni Shailesh Karwa as Company Secretary and Key Managerial Personnel Nitiraj Engineers Limited has appointed Mrs. Soni Shailesh Karwa to key management roles within the company, effective from June 10, 2026. The appointment makes her the Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP).The decision was made following a Board meeting held on June 9, 2026. Mrs. Soni Shailesh Karwa is noted as a qualified Company Secretary with extensive experience in secretarial duties, legal matters, and corporate compliance functions. Her expertise includes corporate secretarial processes, corporate governance, and adherence to regulatory frameworks under the Companies Act, 2013, and...

Cipla Limited Corrects Remote E-Voting Dates for Annual General Meeting Cipla Limited has issued a corrigendum concerning the remote e-voting schedule for its upcoming Annual General Meeting (AGM). The update clarifies an inadvertent error in the previously intimated date regarding the voting period.The company confirmed that while all other aspects of the initial AGM notice and Integrated Annual Report remain unchanged, the end date for the remote e-voting was incorrectly stated as July 24, 2026.The corrected schedule for the remote e-voting is as follows:EventDateTimeRemote E-Voting StartSunday, June 21, 20269:00 a.m. ISTRemote E-Voting EndWednesday, June 24, 20265:00 p.m. ISTCipla Limited has issued this corrigendum...

Dheeraj Bajoliya Resigns as Chief Financial Officer of Ad-Manum Finance Ltd Ad-Manum Finance Limited has announced the resignation of Mr. Dheeraj Bajoliya from his role as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The transition is effective from June 09, 2026.Mr. Bajoliya tendered his resignation owing to personal reasons and will continue serving Ad-Manum Finance Limited in a reduced capacity as Senior Manager Accounts & Taxation. The company confirmed that there were no material issues surrounding the resignation beyond those stated in Mr. Bajoliya's official letter dated June 09, 2026.The appointment details for Mr. Bajoliya are summarized below:ParticularsDetailsReason for ChangeResignation due to...

Deccan Gold Mines Ltd Acquires 51% Stake in Spanish Mineral Explorer LOGROSAN MINERA Deccan Gold Mines Limited has entered into a Definitive Agreement for the acquisition of a 51% stake in LOGROSAN MINERA S.L. SPAIN (LOGROSAN). This transaction involves acquiring the stake through a cash consideration, aiming to collaborate on mineral exploration and potential development prospects within Spain.The acquisition is scheduled for progressive completion by March 2027. The cost of the purchase for Deccan Gold and/or its wholly owned subsidiary, DGFZCO, is set at Euro 1.76 million.LOGROSAN MINERA S.L. SPAIN, incorporated on May 14, 2015, operates in a highly mineralized region of Spain known for occurrences of tungsten, tin, rare earth...

Hitech Corporation Limited Board Approves Delisting Proposal; Floor Price Set at Rs 252 Per Share Hitech Corporation Limited announced that its Board of Directors had considered and consented to the proposal for voluntarily delisting its Equity Shares from recognized stock exchanges, including BSE and NSE. The outcome of the meeting, held on June 9, 2026, confirmed key financial metrics related to the delisting process, which is being driven by a member of the promoter group.The Board received and took on record the Due Diligence (DD) Report and the Share Capital Audit Report for the company. The proposal involves the acquisition of Equity Shares by Geetanjali Trading and Investments Private Limited, a member of the promoter group...

Ducon Infratechnologies to Hold Board Meeting on Rights Issue Proposal Ducon Infratechnologies Ltd has scheduled a meeting of its Board of Directors to consider plans for raising funds through a rights issue. The board meeting is set to take place on Friday, June 12, 2026.The company announced that the meeting will be conducted via Video Conferencing (VC). The primary agenda item scheduled for deliberation and approval at the meeting is the proposal for issuing Equity Shares of the Company through a Rights Issue.In addition to addressing the funding proposal, the board meeting is scheduled to review any other business matters with the permission of the Chairperson of the Meeting.The company also implemented trading restrictions in...

Reliance Industries Participates in Institutional Investors' Conference; Confirms No UPSI Shared Executives from Reliance Industries Limited participated in an institutional investors meeting organized by ICICI Securities India Investor Conference 2026. The company confirmed that no unpublished price sensitive information was shared or discussed during this one-on-one event held in Mumbai.The participation falls under the category of corporate outreach, with executives engaging with investors as part of the conference.Details regarding the meeting are summarized below:DateType of Meeting/EventLocationJune 9, 2026ICICI Securities India Investor Conference 2026MumbaiReliance Industries executives attended the conference to...

Sanofi India Receives Favorable Order as Tax Demand of INR 10,56,954 is Dropped Sanofi India Limited has received a favorable order from the Superintendent, Range V, Division - VIII, CGST & C. Ex., Mumbai East Commissionerate, Maharashtra. The authority dropped a tax demand amounting to INR 10,56,954, along with applicable interest and penalty, relating to generation of duplicate e-way bills for Fiscal Year (FY) 2018-19.The order was received by the Company on June 9, 2026, following scrutiny proceedings initiated for FY 2018-19 in Maharashtra. These proceedings were aimed at verifying duplicate e-way bills and recovering tax, interest, and penalty related to short or less tax paid during that period.The Commissionerate's decision...

SEBI Orders Immediate Attachment of Accounts for Arrowlink Chemical Over Stock Options Default Regulatory Action Initiated Against Arrowlink Chemical Private Limited The Securities and Exchange Board of India (SEBI) has taken decisive enforcement action against Arrowlink Chemical Private Limited. A Recovery Certificate, bearing No. 9085 of 2026, was issued on June 9, 2026. This certificate formalizes the recovery proceedings concerning the company's handling of illiquid stock options matters.The order mandates the immediate attachment of all associated Demat and Mutual Fund accounts held by the defaulter. This action is being executed under powers conferred by Section 28A(1) and 11(2)(ia) of the SEBI Act, 1992. The official...

Chief Technology Officer Resigns from Vijaya Diagnostic Centre Limited Vijaya Diagnostic Centre Limited has announced the resignation of Mr. Sai Siva Prasad from his position as Chief Technology Officer (CTO). The decision to step down was attributed to personal reasons, and the company confirmed that his last date with the organization would be August 08, 2026.Mr. Sai Siva Prasad formally tendered his resignation on June 09, 2026. In his resignation notice, he expressed gratitude for the opportunities provided during his tenure at Vijaya Diagnostic Centre and pledged complete cooperation to ensure a smooth transition of responsibilities during the notice period.The company stated that it appreciates the services rendered by Mr...

Ancat Secures Stake in PUMA SE as CCI Clears Major Acquisition of Sports Giants The competition clearance by the Competition Commission of India (CCI) marks a significant development in the global sports industry structure. The approval permits Ancat Holding GmbH to acquire a substantial stake in PUMA SE, solidifying the presence of ANTA's interests within the established sportswear market.Transaction Details and Corporate Structure The cleared transaction involves Ancat Holding GmbH acquiring 29.06% of the issued and outstanding share capital of PUMA SE via a secondary share purchase. This move positions Ancat as a key minority shareholder in the global athletic apparel and footwear company.Ancat serves purely as an acquisition...

Sanlam Group Secures Strategic Foothold in Indian InsurTech as CCI Approves 2.80% Acquisition in Shriram Life The Competition Commission of India (CCI) has granted approval for a significant strategic investment into Shriram Life Insurance Company Limited (SLIC). The clearance allows Sanlam Emerging Markets (Mauritius) Ltd. (SEMM), an entity within the global Sanlam Group, to acquire a specific shareholding in the established life insurance firm.This development marks a strengthening of ties between the international financial giant and the Indian conglomerate ecosystem. SEMM is poised to take on a minority stake through a preferential issue mechanism targeting SLIC.The Details of the Strategic Acquisition The proposed combination...

SEBI Orders Attachment of All Accounts for Arrowlink Chemical Amid Illiquid Stock Options Debt SEBI has issued a stern directive, attaching all accounts belonging to Arrowlink Chemical Private Limited. The move comes in the context of significant dues related to illiquid stock options, placing a formal recovery action against the company. This regulatory step was finalized on June 9, 2026.The attachment order targets all banks operating within India and aims to ensure the recovery of funds owed by Arrowlink Chemical Private Limited (PAN: AAKCA1933D). The directive utilizes powers conferred under Section 28A (1) and 11(2)(ia) of the SEBI Act, 1992.SEBI Seizes Accounts of Arrowlink Chemical for Recovery The Certificate No. 9085 of...

NTPC Renewable Energy Limited to Develop 250 MW Solar Power Project with BESS for Defense Establishments NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, is set to develop a strategic solar power project in Uttar Pradesh. The initiative involves a 250 MW Solar Power Project that integrates a Battery Energy Storage System (BESS).The project will be established on vacant defence land located at Sitapur, Uttar Pradesh. This undertaking represents a significant step in integrating renewable energy with critical national security infrastructure.NTPC REL is developing the facility to meet the needs of various defense establishments across Uttar Pradesh. The initiative has been approved by...

Anupam Rasayan India Limited Launches Open Offer for Bliss GVS Pharma, Aiming to Acquire 26% Stake at ₹299 per Share Anupam Rasayan India Limited has initiated a mandatory open offer for the public shareholders of Bliss GVS Pharma Limited. The acquisition is part of a larger transaction, wherein Anupam Rasayan intends to acquire in excess of 25% of the equity share capital and control over the Target Company following the execution of a Share Purchase Agreement (SPA).The Acquirer has designated a maximum Offer Size of up to 2,77,26,848 Equity Shares. The open offer is being made at an Offer Price of ₹ 299.00 per Offer Share. Assuming full acceptance under the Open Offer, the total consideration for these shares amounts to ₹...

SEBI Fires Regulatory Warning: Key Defaulter's Securities Attached as ₹5.21 Lakh Recovery is Mandated Enforcement Action Against Shilush Trading Private Limited SEBI has issued a significant regulatory directive, attaching the securities and mutual fund folios of Shilush Trading Private Limited (PAN: AALCS0075M). The order, dated June 9, 2026, concerns recovery proceedings related to illiquid stock options. This action places restrictions on the company's existing assets held with depository and mutual fund institutions nationwide.The decision follows a Recovery Certificate No. 9116 of 2026, which outlines the outstanding dues owed by Shilush Trading Private Limited. The regulatory body has exercised its powers to prevent the...

Konstelec Completes ₹16.22 Crore Cryogenics Project for IOCL, Validating Industrial Infrastructure Expertise Konstelec Engineers Limited has successfully completed the Supply, Installation, Testing, and Commissioning works for Indian Oil Corporation Limited's (IOCL) Cryogenics Business Group facility located at Dindori, Nashik. This project completion reinforces Konstelec’s capabilities in delivering complex electrical infrastructure projects for major public sector enterprises.The executed value of the completed contract stood at approximately ₹16.22 crores (including GST), against an original contract value of approximately ₹18.99 crores.Scope and Significance of the Project The scope of work undertaken by Konstelec Engineers...

RNIT AI Solutions Secures Two Major Work Orders from SBTET A.P. for Academic Platform Automation RNIT AI Solutions Limited has received two significant work orders from the State Board of Technical Education and Training, Andhra Pradesh (SBTET A.P.). These contracts involve the development, implementation, and maintenance of crucial additional modules intended to enhance an existing digital platform used by SBTET A.P.The newly awarded projects cover key functions related to academic and administrative workflows within the Higher Technical Education ecosystem of SBTET A.P. The two specific work orders include the Automated Examination Management System (EMS) and the Affiliation Management System.The implementation of these modules...

Independent Director of Intense Technologies Limited Resigns for Personal Reasons Mr. K Suryanarayana Raju has resigned from his position as an Independent Director of Intense Technologies Limited. The resignation was made with effect from close of business hours on June 8, 2026, citing personal reasons.The resignation letter confirmed that there are no material reasons other than those stated for the decision. Mr. Suryanarayana Raju thanked fellow Board members and the management team for their support during his tenure at the company.Details regarding the change in directorship, as provided by the company, are summarized below:Details of the EventInformationName of DirectorMr. Suryanarayana Raju KalidindiReason for...

SEBI Seizes Bank Accounts of Shilush Trading Pvt Ltd, Citing ₹5.21 Lakh Dues in Illiquid Stock Options Case SEBI has issued a critical recovery order, attaching all bank accounts and related assets belonging to Shilush Trading Private Limited. The action stems from outstanding dues concerning Illiquid Stock Options, marking a significant regulatory enforcement step against the company.Regulatory Attachment of Assets Against Shilush Trading The Securities and Exchange Board of India (SEBI) has formally attached all existing accounts and financial instruments held by Shilush Trading Private Limited. This directive follows the issuance of a Recovery Certificate No. 9116 of 2026, dated May 15, 2026.The attachment order stipulates that...