Markets

Independent Director Resigns from Nova Iron & Steel Ltd Due to Professional Commitments Ms. Kusum Naruka has resigned from the Board of Directors of Nova Iron & Steel Ltd. The resignation was effective from June 3, 2026, and is attributed to professional commitments. Consequently, Ms. Naruka will cease her roles as a member of several key committees within the company.As an Independent Director, Ms. Naruka served on the Audit Committee, the Nomination & Remuneration Committee, and the Stakeholders Relationship Committee of Nova Iron & Steel Ltd.The details regarding the resignation and her association with other listed entities have been confirmed:ParticularDetailDirector NameMs. Kusum Naruka (DIN: 10679553)Date of...

Appellate Authority Confirms GST Demand Against Bajaj Electricals Limited; Company Assesses Legal Recourse Bajaj Electricals Limited has received an adverse appellate order confirming a Goods and Services Tax (GST) demand originally issued by the GST Authority. The assessment related to disallowances of GST Input Tax Credit for Financial Year 2020-21.The order, received from the Office of the Commissioner (Appeals), Customs, CGST & Central Excise, Lucknow, dismissed the appeal submitted by the company and upheld the initial demand raised by the GST Authority.The original assessment that led to the dispute included a gross demand amounting to Rs. 10.95 crore, which encompassed a penalty amount of Rs. 0.99 crore. This matter had been...

Gold Surges to Rs 1.6 Lakh/10gm as Geopolitical Tensions Ease and Weak Dollar Boost Sentiment Gold prices in major Indian cities rebounded sharply on Tuesday, reclaiming the highly coveted Rs 1.60 lakh per 10-gram level. The recovery was primarily driven by a decline in crude oil prices and a weakening US dollar, significantly lifting sentiment across the bullion market. Local markets saw the price of pure gold climb by Rs 1,500, reaching ₹1,60,300 per 10 grams (inclusive of all taxes), up from Monday's closing price of ₹1,58,800 per 10 grams.Domestic Gold Rebounds on Investor Sentiment and Currency Shifts The domestic rally came despite global gold prices trading lower. Analysts credit the rise in Indian bullion prices to the...

Sethi Funds Acquires Shares of KCP Sugar and Industries Corporation Limited Sethi Funds Management Private Limited has acquired equity shares in KCP Sugar and Industries Corporation Limited, reflecting changes in shareholding of the company. The acquisition details were disclosed alongside information regarding the acquirer's previous holdings in the stock.The transaction involved Sethi Funds acquiring 30,000 equity shares representing 0.03% of the total issued and paid-up share capital of KCP Sugar and Industries Corporation Limited. This purchase was conducted through the open market.Transaction Details and Holdings A review of the acquisition disclosures reveals comprehensive details regarding the shareholding and transaction...

Zero Tolerance: SEBI Freezes All Bank and Demat Assets of Uniport Computers over Security Dematerialization Delay The Securities and Exchange Board of India (SEBI) has initiated stringent recovery proceedings against Uniport Computers Ltd., moving to attach all banking and securities accounts held by the company. The action follows a Recovery Certificate issued concerning serious delays in the dematerialization of securities, leading to significant accrued penalties and dues.This regulatory move highlights SEBI's zero-tolerance stance regarding corporate non-compliance, specifically when it relates to the management and timely processing of security transactions.SEBI Orders Attachment of Bank Accounts The Recovery Division of SEBI...

Board Meeting Scheduled for Jolly Plastic Industries; Key Management and Directors Appointed Jolly Plastic Industries Ltd has scheduled a board meeting on Friday, June 12, 2026, to consider several significant corporate actions, including the appointment of new directors and managerial personnel. The meeting is set to take place at the company's corporate office in Shakarpur, Delhi.The proposed agenda for the Board of Directors includes approving a change in the company's name, subject to necessary approvals from the Ministry of Corporate Affairs (MCA). A core focus of the meeting is the addition of new members to the board and management team.Several key positions were slated for appointment during the gathering:Mr. Suvendu...

Promoter Group Member Acquires Shares in Yug Decor Limited; Holding Rises to 7.82% Nisha Chandresh Saraswat, acting as a buyer and member of the Promoter Group, has increased their stake in Yug Decor Limited. The acquisition was completed through the open market on June 05, 2026, resulting in a total holding of 7.82%.The transaction details reflect the purchase of 25,875 shares, which contributed to the increase in the acquirer’s stake. This acquisition brings Nisha Chandresh Saraswat's (Promoter Group) total holding from 7.66% to 7.82%, according to the detailed disclosures provided by the buyer.In a subsequent update on June 09, 2026, a revised disclosure was made concerning the shareholding percentage. The revision addressed an...

Gold Surges as Geopolitical Tensions Ease; Bullion Prices Regain Rs 1.6 Lakh Mark Amid Weak Dollar Gold prices showed a robust recovery on Tuesday, successfully regaining the key resistance level of ₹1.60 lakh per 10 grams in the national capital. This rally was driven by strengthening sentiment across the bullion market and the decline in the US dollar. Yellow metal of 99.9 percent purity climbed ₹1,500 to reach ₹1,60,300 per 10 grams (inclusive of all taxes) from Monday’s closing figure of ₹1,58,800 per 10 grams.The domestic recovery occurred even as international gold prices traded lower. Analysts attribute the rise in local prices primarily to the weakening US dollar and renewed investor interest bolstered by the improving...

SEBI Seals Regulatory Fate of Lares Alpha Scheme with Definitive Order In a significant regulatory development, the Securities and Exchange Board of India (SEBI) has released a formal Order concerning the matter of the Lares Alpha Scheme. This directive, issued on 09/06/2026, marks a crucial step in the oversight process for the scheme, providing definitive regulatory clarity to stakeholders and market participants.The release confirms SEBI's active role in monitoring and regulating schemes under its jurisdiction. The Order serves as a formal communication detailing the findings or the mandated course of action pertaining to Lares Alpha.Details of the SEBI Regulatory Directive The announcement pertains specifically to the...

Forex Measures Give INR Temporary Lifeline; HSBC Warns Sustainability Hinges on Lower Oil Prices RBI’s FX Toolkit Provides Short-Term Relief, but Structural Changes are Key HSBC has assessed the Reserve Bank of India's (RBI) recent policy meeting as a decisive 'split decision.' The central bank adopted an aggressive stance using its foreign exchange (FX) toolkit to stabilize the external sector. Simultaneously, the RBI maintained a more restrained posture regarding interest rates.The measures introduced by the RBI aim to attract inflows and strengthen the currency amid ongoing global headwinds. These actions could improve India's Balance of Payments balance by over USD 30 billion in the short term. This influx is considered sufficient...

Panth Infinity Board Approves Change in Designation of Director Akash Prakash Patil The Board of Directors of Panth Infinity Ltd has approved a change in designation for Mr. Akash Prakash Patil, moving him from Executive Director (Additional) to Non-Executive Director (Additional). This decision was ratified during the company's Board meeting held on Tuesday, June 09, 2026.The appointment alteration pertains to Mr. Akash Prakash Patil (DIN: 11524328) and is effective from June 09, 2026, subject to the subsequent approval of the shareholders. This transition was sanctioned by the Board based on a recommendation from the Nomination and Remuneration Committee.Details regarding the director change and Mr. Patil's professional profile...

Zenith Fibres: Promoter Aims to Acquire Up To 2.54% Equity Via Inter-Se Transfer Zenith Fibres Ltd. is undertaking a proposed inter-se transfer of equity shares, wherein Mrs. Pinky Rungta, identified as a promoter of the company, intends to acquire shares from Alpha Stitch-Art Pvt. Ltd. The transaction involves up to 1,00,000 equity shares, representing 2.54% of the total share capital of Zenith Fibres Limited.The proposed acquisition is designated as an inter-se transfer among members of the promoter and promoter group, operating under an exemption provided for qualifying persons who are named promoters in the company’s shareholding pattern. The transaction does not alter the collective shareholding of the Promoters and Promoters...

SEBI Issues Formal Demand Notice to HUF Traded Illiquid Stock Options at BSE, Citing Non-Compliance The Securities and Exchange Board of India (SEBI) has issued a formal Notice of Demand against Sanjay V Mohare HUF concerning alleged non-compliance related to the dealing in illiquid stock options traded on the Bombay Stock Exchange (BSE). The notice demands a specific sum for penalties, interest, and recovery costs.The regulatory action highlights SEBI's continuous oversight into market participants involved in structured derivatives trading. The notice was officially released on June 9, 2026, under Certificate No. 9146 of 2026.Details of the Financial Demand SEBI certified that a total amount of ₹6,37,000.00/- is due from Sanjay V...

HDFC Life Insurance Sells Shares in Cera Sanitaryware Limited; Stake Drops Significantly HDFC Life Insurance Co.Ltd. has executed a significant reduction in its equity stake in Cera Sanitaryware Limited, following the open market sale of shares on June 08, 2026. The disposition resulted in the company's shareholding falling from 1.17% to 0.003%.The transaction details indicate that HDFC Life Insurance Co.Ltd., which is not a promoter or part of the promoter group of Cera Sanitaryware Limited, sold shares carrying voting rights through the open market.Prior to this disposal, the holding in Cera Sanitaryware Limited stood at 150,447 shares, representing 1.17% of the total share/voting capital of the target company. Following the sale...

Finkurve Financial Services Announces Board Meeting to Approve Up To Rs 100 Crores Funding through NCD Issuance Finkurve Financial Services Ltd has scheduled a meeting of its Board of Directors to consider and approve a significant fundraising initiative. The board meeting is set for Monday, June 15, 2026.The primary agenda item for the meeting includes reviewing the proposed raising of funds through the issuance of Non-Convertible Debentures (NCDs). This funding effort aims to raise up to Rs 100 Crores (Rupees One Hundred Crores only).The fundraising mechanism involves a private placement conducted via an Electronic Bidding Platform (EBP). The company plans to issue these Non-Convertible Debentures with a face value of INR 10,000...

Action Construction Equipment Ltd Schedules Investor Meet with Nine Rivers Capital Action Construction Equipment Ltd has announced the schedule for an Analyst/Investor Institutional Meet, detailing a one-on-one session with Nine Rivers Capital.The company confirmed that the meeting is set to take place on June 12, 2026. This engagement involves Action Construction Equipment Ltd and Nine Rivers Capital for a focused discussion on business matters. The event will be held in Palwal.Key details of the scheduled meet are presented below:DateMeeting withType of meetingPlaceJune 12, 2026Nine Rivers CapitalOne-on-OnePalwalACE Stock Price Movement Today, shares of Action Construction Equipment Limited edged higher, settling at...

Raconteur Global Resources Ltd Board Approves Warrant Call and Key Management Appointments Raconteur Global Resources Limited's Board of Directors, meeting on June 9, 2026, considered several key operational and corporate governance matters, including approving the call for outstanding balances from convertible share warrant holders and appointing new management personnel.One significant decision relates to the warrants allotted to shareholders on March 18, 2026. The Board approved calling the remaining balance amount of 75% from the remaining warrant holders. These warrants convert into equivalent equity shares. Previously, the Company had received an amount equal to 25% of the Issue Price at the time of allotment, making the...

Jasmeet Singh Bindra Appointed Additional Director and Chairman of Dredging Corporation of India Limited Dredging Corporation of India Limited (DCIL) has appointed Shri Jasmeet Singh Bindra, IRTS, as an Additional Director (Promoter - Non-Executive & Non-Independent) and Chairman of the company. The appointment was formally approved by the Board following recommendations from the Nomination and Remuneration Committee.Shri Jasmeet Singh Bindra's tenure in this capacity is effective from June 9, 2026.The decision followed the cessation of Dr. M. Angamuthu as Director and Chairman of the company, which took effect on May 20, 2026. Mr. Bindra was previously noted to be serving as the Chairman of Visakhapatnam Port Authority.The...

Rungta Irrigation Ltd Schedules Board Meeting to Consider Rights Issue Funding and Committee Formation Rungta Irrigation Ltd has scheduled a meeting of its Board of Directors to consider several key proposals, including a fundraising initiative through a rights issue. The board meeting is set for Friday, June 12, 2026.The primary agenda item slated for discussion at the company's Board of Directors meeting is the proposal for fund raising by issuing fully paid up equity shares via a rights issue. This issuance would be offered to eligible equity shareholders. The company plans to consider and approve related matters, including the constitution of a Rights Issue Committee of directors.In relation to market trading practices, the...

Mphasis Ltd Schedules Investor Meet at Confluence, Investec Conference in Chennai Mphasis Ltd has announced its participation in an upcoming investor conference organized by Confluence and Investec. The event is scheduled for June 12, 2026, and will be held in Chennai.The meeting provides a forum for interaction with analysts and institutional investors regarding the company's operations.Details of the planned engagement are as follows:Sl. No.Name of Fund/Analysts/Institutional Investor/ConferenceDateType of MeetingLocation1.Confluence, Investec ConferenceJune 12, 2026One-One & GroupChennaiMPHASIS Stock Price Movement Today, shares of MphasiS Limited edged higher in post-market trading, gaining 0.08% to settle at ₹2340.5...