Markets

BSE Grants In-Principle Approval for Oasis Securities Ltd Rights Issue Oasis Securities Limited has received in-principle approval from the Bombay Stock Exchange (BSE) regarding its proposed Rights Issue of fully paid-up equity shares. This permission allows the company to use the name of BSE Limited in its official Letter of Offer for the rights issue.The approval, granted by BSE Limited on June 09, 2026, permits Oasis Securities Ltd to proceed with the listing of the proposed security. The Exchange scrutinised the offer for limited internal purposes before granting this permission.In relation to the use of the Exchange’s name in the Letter of Offer and related advertisements, BSE has issued specific guidelines. It is explicitly...

Anlon Healthcare Chairman Discusses Financial Performance and Industry Outlook on Money TV Anlon Healthcare Limited, through its leadership, provided insight into the company's performance and future direction during a recent media interaction. Punitkumar Rasadia, the Company’s Chairman & Managing Director, participated in an interview broadcast on Money TV under the program titled "Result Analysis for You (RAY)".The discussion covered key aspects of Anlon Healthcare Limited's operations. Mr. Rasadia addressed the company's financial performance for Fiscal Year (FY) 2025-26. The conversation also delved into current business developments, providing an overview of the industry outlook and other matters that are already available in the...

Orient Ceratech Limited Signs Agreement for Sale of Thermal Power Station Orient Ceratech Limited, a company of The Ashapura Group, has finalized the agreement for the sale of its Thermal Power Station (Power Division). The signing of the deal was confirmed on June 9, 2026.The transaction follows earlier announcements made by the company regarding the divestment of the asset.Prior communications related to the sale included updates issued on February 4, 2026, and May 27, 2027. The agreement signed on June 9, 2026, formally marks the commitment to sell the Thermal Power Station as part of this process.ORIENTCER Stock Price Movement Orient Ceratech Limited saw its shares climb by 0.76%, settling at ₹38.07 in today's closed market...

SEBI Ruling Dismisses Appeal Over Regulatory Clarity on Gold and Silver Trading Data The Securities and Exchange Board of India (SEBI) Appellate Authority has delivered a significant ruling concerning the disclosure of information related to international gold and silver trading under the Right to Information Act (RTI). The appeal, filed by Dinesh Kumar, was dismissed after the Authority noted that SEBI's response provided accurate limitations regarding its scope and responsibilities.The decision brings clarity on the demarcation between regulatory compliance, data availability, and seeking clarification within the framework of financial disclosures held by market bodies.##Scope of Information Sought by AppellantThe appeal focused...

Hemant Surgical Industries Secures SKD Manufacturing Agreement with Sonomed Escalon for Ophthalmic Ultrasound Devices Hemant Surgical Industries Ltd has finalized a Semi Knocked Down (SKD) Manufacturing Agreement with Sonomed Escalon, USA. The agreement outlines the manufacturing and exclusive distribution rights within the Indian market for specific ophthalmic ultrasound devices.The purpose of the newly established partnership is to undertake SKD manufacturing in India for two designated models of A-scan and pachymetry ophthalmic ultrasound devices. Under the terms of the agreement, Hemant Surgical Industries will exclusively distribute these devices throughout the Indian Market.Details regarding the scope and financial parameters...

Saumya Srivastava Resigns as Non-Executive Independent Director of Urja Global Limited Urja Global Limited has announced the resignation of Ms. Saumya Srivastava from her position as Non-Executive Independent Director of the company. The change is effective immediately, starting June 09, 2026.Ms. Srivastava's resignation was tendered due to personal reasons and she will consequently cease to be a member of the Audit Committee at Urja Global Limited.In terms of professional disclosures regarding other directorships, Ms. Srivastava holds positions in Mirza International Limited. Her directorship in Mirza International Limited includes membership on both the Audit Committee and the Nomination and Remuneration Committee.The company...

Independent Director Resigns from Jayant Infratech Ltd Jayant Infratech Limited announced that Ms. Pragya Soni has resigned from her position as Non-Executive Independent Director, effective June 9, 2026.The departure of Ms. Soni means she will also cease to be a member of several key internal committees at the company. These include the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee.Ms. Pragya Soni tendered her resignation due to pre-occupation and other professional commitments. The company has confirmed that there are no material reasons for her resignation beyond those detailed in her letter dated June 9, 2026.In addition to her role as an independent director, the...

KD Green Industries and KD Iron & Steel Announce Proposed Merger to Forge Green Steel and Infrastructure Conglomerate Guwahati, June 09, 2026 - KD Green Industries Ltd., formerly known as Manbro Industries Ltd., has announced that its Board of Directors has approved in principle the proposed merger with KD Iron & Steel Private Limited. The combined entity is aimed at creating a stronger, diversified industrial conglomerate focused on the green manufacturing of value-added steel products, AAC Blocks, and infrastructure steel for sectors including power, railways, and telecom.The proposed merger is subject to the completion of due diligence, statutory approvals, regulatory clearances, and other necessary approvals.Strategic...

Emirates NBD Bank Open Offer: Zero Shares Tendered for RBL Bank Limited The ongoing open offer initiated by Emirates NBD Bank regarding shares of RBL Bank Limited saw no submissions from public shareholders, according to an update released on June 09, 2026. The offer concerned the acquisition of a portion of RBL Bank’s equity share capital.Emirates NBD Bank (P.J.S.C.) is conducting the open offer for the acquisition of shares in RBL Bank Limited. The total potential offer size stood at up to 415,586,443 equity shares of Rs. 10 each, which represents 26.00% of the Expanded Voting Share Capital of RBL Bank Limited.The official statement confirmed that zero (nil) Equity Shares were tendered in relation to the open offer, translating to...

PNB Housing Finance Allots Rs 500 Crore in Secured NonConvertible Debentures PNB Housing Finance Limited has approved and executed the allotment of NonConvertible Debentures (NCDs) worth Rs 500 Crore. The allotment was finalized on June 09, 2026, through a private placement conducted via the Electronic Book Provider (EBP) platform of the National Stock Exchange of India Ltd (NSE).The Company's Management Committee, authorized by the Board of Directors, approved the issue of 50,000 Listed, Secured, Rated, Taxable, Redeemable NCDs. Each debenture has a face value of Rs 1,00,000, aggregating to the total amount of Rs 500 Crore.The NCDs are scheduled for listing on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange...

Teamtech Formwork Solutions Secures Significant Order Worth 9.44 Crore from Lloyds Teamtech Formwork Solutions Limited has secured a major order for the supply of formwork from Lloyds. The contract details indicate that this significant business transaction falls within the ordinary course of the company's operations and is expected to be executed within the stipulated timeline.The terms and conditions related to the contract highlight several key aspects of the deal. Teamtech Formwork Solutions Limited has received a substantial order, which exceeds the 10% threshold based on previous year's revenue.Key details regarding the new contract are as follows:ParticularsDetailsName of the entity awarding the orderLloydsNature of...

Dev Accelerator Secures In-Principle Approval from NSE and BSE for Preferential Share Issue Dev Accelerator Limited, formerly known as Dev Accelerator Private Limited, has secured in-principle approvals from both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) concerning its planned preferential issue of equity shares. The approval pertains to an issuance involving both warrant conversions and dedicated preferential allotments.The company received the necessary In-Principle approvals on June 9, 2026, from the NSE and BSE, enabling it to proceed with the capital raise as stipulated by the exchanges.The approved issue structure varies across the two exchanges, reflecting specific tranches for...

Sanlam Emerging Markets Set to Overtake 50% Stake in SLiC Through Major Preferential Issue Proposed Combination Details Under Competition Commission of India Regulation A significant corporate action has been filed with the Competition Commission of India (CCI) regarding a proposed investment by Sanlam Emerging Markets (Mauritius) Limited (SEMM). The combination involves SEMM, identified as an Investor, and Shriram Life Insurance Company Limited (SLiC), which is the Target Entity. This filing pertains to a proposed preferential issue intended to increase SEMM’s stake in SLiC.The Proposed Combination is being conducted under Section 5(a) of the Act for a substantial amount. SEMM intends to invest Rs. 220,87,79,548/- (Rupees two hundred...

Promoter Acquires Shares of La Opala RG Limited in Significant Transaction Genesis Exports Private Limited, a promoter of La Opala RG Limited, has acquired equity shares in the company. The transaction involved the purchase of 45,000 Equity Shares for a value of 78,74,383.00.The acquisition was carried out between May 12, 2026, and June 08, 2026. Following this purchase, Genesis Exports Private Limited holds 45,000 equity shares, representing 0.04% of the company's stock.The details provided show a change in holding for the promoter entity. Prior to the acquisition, Genesis Exports Private Limited held 10 Equity Shares, which accounted for 0.07% of La Opala RG Limited's capital.Key figures regarding the shareholding transaction...

Zydus Healthcare Receives Partial Relief on GST Demand Orders for FY 2018-19 and 2019-20 Zydus Healthcare Limited (ZHL) has received a favourable ruling from the Appellate Additional Commissioner of State, Chhattisgarh, resulting in a partial drop of both demand and penalty pertaining to Input Tax Credit (ITC) charges. The relief pertains to initial Demand Orders issued for the financial years 2018-19 and 2019-20.The company had previously been subject to demands regarding these orders. Following the ruling from the Appellate Additional Commissioner, the demand and penalty related to GST have been significantly reduced across both mentioned fiscal years.Details of the initial and revised financial demands are provided below...

Fitch Assigns 'B+' Rating to IIFL Finance Ltd's USD500 Million Senior Secured Notes Fitch Ratings has assigned a final rating of B+ and a Recovery Rating (RR) of RR4 to the senior secured notes issued by IIFL Finance Limited. These notes, valued at USD500 million with a 7.6% interest rate, are due in September 2029 and form part of IIFL Finance's US$1 billion Global Medium Term Note Programme.The rating assignment followed Fitch's review of the final documentation for the instrument. The senior secured notes are backed by collateral that includes specified assets and receivables from the issuer.Credit Structure and Covenants These notes operate within the international market framework established under the Reserve Bank of India’s...

Lykis Ltd Shifts Registered Office within Mumbai Lykis Ltd has approved the relocation of its registered office within the city limits of Mumbai, effective from June 15, 2026. The move was authorized by the company's Board of Directors during a meeting held on June 09, 2026.The decision involves relocating the company’s operations and official base from its previous location in Andheri to a new address in Goregaon (East).Key details regarding the registered office transition are as follows:ParticularsDetailsReason for ChangeShifting of Registered Office within the city of Mumbai.Date of Board ApprovalJune 09, 2026Effective Date of New AddressJune 15, 2026Old Registered Address4th Floor, Grandeur Building, Veera Desai...

Quess Corp Limited Allots 28,395 Equity Shares Under Stock Ownership Plan Quess Corp Limited announced that its Nomination and Remuneration Committee approved the exercise of Restricted Stock Units (RSU) and the subsequent allotment of equity shares under the Quess Stock Ownership Plan 2020 (QSOP 2020). The decision was made on June 09, 2026.The company allotted 28,395 equity shares, each priced at Rs. 10/-, to RSU holders who exercised their rights under the QSOP 2020. These newly issued equity shares rank pari-passu with the existing equity shares of Quess Corp Limited in all respects.The allotment resulted in an increase in the paid-up share capital of the company, as detailed below:Capital StatusShares (at Rs. 10/-...

Competition Commission Crushes Truck Cartels: Mining Transport Associations Ordered to Cease Price Fixing and Market Control The Competition Commission of India has delivered a landmark verdict against four major truck associations operating in Odisha's mining belt, finding them guilty of anti-competitive practices. The associations were found to have collusively fixed freight rates substantially above the maximum limits prescribed by the State Government. Furthermore, the Commission ruled that the OPs illegally restricted market access by preventing independent transporters from operating near mines.The verdict directly targets the pricing and operational conduct of groups like Bhadrasahi/Guali Truck Association (OP-1), Bonai Truck...

Endurance Technologies Ltd Announces Completion of Tenure for Independent Directors Endurance Technologies Ltd has announced that two of its Independent Directors will cease to be part of the Board following the completion of their second consecutive five-year term. The directors are Mr. Soumendra Basu and Ms. Anjali Seth.The company confirmed that both Mr. Basu, who serves as Chairman, and Ms. Seth, an Independent Director, will complete their tenure effective from close of business hours on June 9, 2026. This completion marks the end of their second term with the company.Endurance Technologies Ltd expressed deep appreciation for the contributions and guidance provided by Mr. Basu and Ms. Seth during their service. The management...