Markets

Eris Lifesciences Pays Interest on Outstanding Non-convertible Debentures Eris Lifesciences Ltd has completed the routine interest servicing against its outstanding non-convertible debentures (NCDs). The company made these payments across two series of NCDs on June 8, 2026.The interest payment relates to a record date of May 24, 2026, for both tranches.Interest Payment Details by Debenture Series Eris Lifesciences provided comprehensive details regarding the servicing of interest payments for its outstanding debentures. The transactions are detailed in the following tables:Interest Payments on NCD (ISIN INE406M08029)ParticularsAmount (Rs. In crore)Issue Size625Interest Amount Due54.56Gross Interest Paid54.56Tax...

Parmax Pharma Ltd Increases Authorized Capital and Raises Funds through Preferential Issue Parmax Pharma Ltd has approved a significant increase in its authorized share capital and confirmed a substantial fundraising effort through a preferential issue. The Board of Directors, during a meeting held on June 8, 2026, took multiple resolutions covering corporate structure amendments, the issuance of new articles, and strategic funding initiatives.Capital Expansion and Governance Changes The company's authorized share capital has been increased from ₹6,00,00,000 (Rupees Six Crores Only), representing 60,00,000 equity shares of face value ₹10 each, to ₹10,00,00,000 (Rupees Ten Crore Only). This increase allows for the issuance of...

Nanta Tech Secures Long-Term Robot-as-a-Service Deal with Connplex Cinemas Nanta Tech Limited, a company incorporated in 2023, has signed a Letter of Intent (LOI) with Connplex Cinemas for a long-term Robot-as-a-Service (RaaS) engagement. The deal involves the deployment and operation of 100 Allbotix AT10 Marketing & Delivery Robots across Connplex’s cinema network.Under the established RaaS model, Nanta Tech will act as the managed service provider for the robots. This includes manufacturing, supplying, deploying, and operating the Allbotix AT10 units. Full ownership of all hardware, embedded software, AI models, branding, and underlying intellectual property remains with Nanta Tech Limited. Connplex Cinemas will utilize the services...

HAL Shares Surge on Delivery Timeline Clarity for Tejas Mk1A Jet Programme Hindustan Aeronautics Ltd (HAL) shares experienced a significant rally on Monday following reports suggesting a clearer delivery timeline for the crucial Light Combat Aircraft (LCA) Tejas Mk1A programme. This positive development is bolstering confidence in India's indigenous defence manufacturing capabilities, driving up stock prices across the market.The stock saw strong gains during the session, trading at an indicative closing price of Rs 4,245.70. The share had previously gained as much as 1.61 percent, with the stock maintaining a strong upward trajectory on Monday. This movement underscores the strategic importance of HAL to the nation's defence...

Gold Plummets as Oil Surge Intensifies Inflation Fears, Squeezing Precious Metal Rally The precious metals market witnessed a sharp downturn on Monday, with gold prices dropping significantly amid escalating concerns over global inflation and surging crude oil rates. The decline marks a shift in investor sentiment, moving away from the traditional safe-haven appeal of bullion toward domestic inflationary pressures.Domestic Market Reversal: Gold Slips as Silver Extends Pressure Gold prices experienced a substantial fall, declining by Rs 1,100 to settle at Rs 1,58,800 per 10 grams in the capital. This drop came from Friday's closing price of Rs 1,59,900 per 10 grams.Silver also remained under pressure, with prices falling by Rs 5,000...

Shanthala FMCG Products Limited Reappoints Internal Auditor and Appoints Forensic Investigator Shanthala FMCG Products Limited, at a meeting of its Board of Directors held on June 07, 2026, approved key appointments related to the auditing of the company’s financial affairs. The Board formally reappointed M/s Kalpesh Khatri & Associates as the Internal Auditor and appointed Chaudhary Chaudhary & Co as a Forensic Auditor for the books of accounts.The approval of the Internal Auditor included granting M/s Kalpesh Khatri & Associates, Chartered Accountants (Firm Regn No: 0139570W), a tenure of two consecutive financial years. The appointment commenced from April 1, 2026, and is set to conclude on March 31, 2028.In addition...

Global Yield Spike Forces Reassessment: Why Rising US Bonds Threaten Indian Equity Stocks A sharp ascent in US bond yields is rapidly emerging as a significant risk factor for domestic equities. Higher Treasury yields are intensifying concerns regarding foreign capital flows into Indian markets and adding downward pressure on the rupee. This trend requires keen monitoring from global investors looking at developing economies.The Rise of Global Bond Uncertainty The benchmark 10-year US Treasury yield is currently hovering around 4.51 percent levels. The recent selloff seen across global bonds is attributed to several factors influencing market sentiment. These include persistent sticky inflation in the US and resilient economic growth...

Rajesh Exports Chief Slams LIC Stake, Denies Connection amid Regulatory Scrutiny Rajesh Exports Chairman Rajesh Mehta has vehemently distanced himself and the company's promoters from Life Insurance Corporation (LIC) regarding its substantial investment in the gold jewellery exporter. He clarified that the insurer accumulated its 10.80 per cent stake entirely through stock market purchases spanning nearly two decades.In an interview with PTI, Mehta asserted that LIC’s investment decisions were made autonomously and without any input or involvement from the company management or its promoters. "We don't even know where LIC's office is. We have no contact, no connection," he stated, emphasizing the lack of relationship between the two...

Stanley Lifestyles Elevates Venkataramana Gorti to Managing Director, Reinforcing Growth Strategy in Luxury Home Interiors Market Bengaluru: Stanley Lifestyles Limited, a leading provider of integrated luxury furniture and home solutions in India (BSE: 544202 | NSE: STANLEY), has announced the elevation of Mr. Venkataramana Gorti from Joint Managing Director to Managing Director of the company. This leadership transition is set to mark a significant step in the brand's journey as it focuses on accelerating growth, operational excellence, and expanding its position within the premium and luxury home interiors market.The promotion reinforces Stanley Lifestyles’ commitment to strengthening its leadership capabilities while navigating the...

Kck Industries Limited Approves Incorporation of UAE Subsidiary to Drive International Expansion Kck Industries Limited has announced a significant strategic move following a meeting of its Board of Directors. The company approved the proposal for incorporating a subsidiary in Dubai, United Arab Emirates (UAE).The incorporation is aimed at expanding KCK Industries Limited's business operations into international markets. This development marks a key step toward strengthening the company's global presence and market reach.Following the approval of this initiative, the Board authorized the management of Kck Industries Limited to take all necessary actions required for the successful incorporation and operationalization of the proposed...

Gemstone Investments Ltd Converts 2.98 Crore Warrants into Equity Shares Gemstone Investments Ltd announced that its Board of Directors approved the conversion of 2,98,40,000 Convertible Warrants into an equal number of Equity Shares. The transaction took place during a board meeting held on June 08, 2026.The company's decision followed the approval of the Board and was executed in accordance with applicable regulations concerning issue of capital. The conversion resulted in the allotment of 2,98,40,000 Equity Shares to non-promoters of the company. Each warrant was converted into one equity share of face value ₹1/- at a conversion price of ₹2.50/- per equity share, upon receipt of the full subscription amount.The resulting Equity...

Garlon Polyfab Industries Ltd releases Unaudited Financial Results for Quarter Ended December 31, 2020 Garlon Polyfab Industries Limited has released its unaudited financial results and limited review report for the quarter ended December 31, 2020. These results were considered and approved by the Board of Directors during a meeting held on February 12, 2021.The unaudited financial statement was reviewed by P.D. Agrawal & Co. Chartered Accountants. The review determined that nothing came to the notice of the auditors that caused them to believe that the Statement had not been prepared in all material respects in accordance with Ind AS and other recovery policies, nor that it contained any material misstatement.The financial...

Garlon Polyfab Industries Releases Unaudited Financial Results and Limited Review Report for Quarter Ended December 2022 Garlon Polyfab Industries Ltd has made available its unaudited financial results for the quarter ended December 31, 2022, along with a Limited Review Report. The Board of Directors considered and approved these results during a meeting held on February 10, 2023.The Limited Review Report was conducted by P.D. Agrawal & Co., Chartered Accountants, in accordance with the Standard on Review Engagement (SRE) 2410. This review provides moderate assurance regarding the financial statements.According to the report, nothing came to the attention of the reviewers that would lead them to believe that the Statement had not...

Garlon Polyfab Industries Posts Unaudited Results for Quarter Ended December 31, 2021 Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended December 31, 2021. The company's results include figures across multiple periods and are presented in Lakhs.The standalone financial results of Garlon Polyfab Industries for the quarter and nine months ended December 31, 2021, were reviewed by statutory auditors.Financial Highlights (In Lacs)ParticularsQ Ended Dec 31, 2021 (Unaudited)Nine Months Ended (Unaudited)Year Ended March 31, 2021 (Audited)Income From Operations0.005-Other Income0.000.08-Total Income from Operations0.0050.09Cost of materials consumed293Purchase of...

Turtlemint and Elevate Campuses Set to Surge Markets: PE-Backed Startups Finalize Mega IPO Plans India’s primary capital markets are poised for significant activity this month, according to sources. Two prominent venture-backed companies, insurtech firm Turtlemint Fintech Solutions and student housing giant Elevate Campuses (formerly Good Host Spaces), are reportedly in the final stages of planning their Initial Public Offerings (IPOs).These high-growth enterprises have been engaged with institutional investors over recent weeks, gauging market demand. Sources indicate that both companies have received a positive response from the investor community and should be ready to launch their respective deals by the end of the month.The...

Vashu Bhagnani Industries Approves Appointments of New Director and Re-appointment of Managing Director Vashu Bhagnani Industries Ltd., formerly known as Pooja Entertainment and Films Limited, announced key outcomes following its Board meeting held on June 8, 2026. The board considered several matters, including the convening of an Extra-Ordinary General Meeting (EGM) set for June 30, 2026.The company’s directors approved the convocation of the EGM to seek shareholder approval regarding two major appointments. The meeting is scheduled for Tuesday, June 30, 2026, at 03:00 PM (IST) and will be conducted via Video Conferencing (VC) or other Audio-Visual Means (OAVM).During the board meeting, which commenced at 02:00 PM and concluded at...

Garlon Polyfab Industries Ltd Releases Unaudited Financial Results for Quarter Ended December 31, 2023 Garlon Polyfab Industries Limited announced the approval of its unaudited financial results for the quarter ended December 31, 2023. The Board of Directors reviewed and sanctioned these results at a meeting held on February 14, 2024.The company's unaudited financial statements were subjected to a limited review by P.D. Agrawal & Co., Chartered Accountants.According to the auditors' report, nothing came to their attention that suggests the statements have not been prepared in all material respects in accordance with Indian Accounting Standards (Ind AS) and recognized accounting practices, nor do they contain any material...

Rappid Valves Secures Rs 8.55 Crore Order to Supply Components for Indian Navy’s FSS Programme Rappid Valves (India) Limited has secured an order worth approximately Rupees 8.55 crores from Shree Refrigerators Limited. The contract involves the supply of valves and related components specifically designated for the Fleet Support Ship (FSS) programme of the Indian Navy.The agreement, awarded by the domestic entity Shree Refrigerators Limited, solidifies Rappid Valves' involvement in critical defense infrastructure projects. The order pertains to the supply of necessary specialized equipment required for the FSS program.Key details regarding the contract are as follows:Contract DetailSpecificationClientShree Refrigerators...

Promoter Acquires Shares in North Eastern Carrying Corporation Ltd Via Preferential Allotment Sunil Kumar Jain, a promoter and managing director, has acquired a significant stake in North Eastern Carrying Corporation Limited through a preferential allotment. The acquisition was finalized on June 06, 2026, increasing his holding of the company stock.The details provided show that Mr. Sunil Kumar Jain previously held 39,55,062 shares, representing 3.96% of the total share capital. He acquired an additional 45,00,000 equity shares through the preferential allotment process. This transaction raised the promoter's stake to 84,55,062 shares, which translates to an 8.09% holding in the company.The transaction significantly impacted the...

Marksans Pharma Ltd Announces Virtual Investor Conference Organized by Equities Marksans Pharma Ltd has scheduled a virtual investor conference in connection with its corporate engagements. The event will be held on Wednesday, June 10, 2026, at 03:00 PM IST.The conference is being organized by Equities. Officials from Marksans Pharma Ltd are set to attend the virtual meeting.The company confirmed that no unpublished price sensitive information (UPSI) will be discussed during the investor conference.MARKSANS Stock Price Movement Shares of Marksans Pharma Limited are edging higher to ₹238.31 as of 3:10 PM today, gaining 2.20% on positive market sentiment. The stock trades amidst a volume of 2.54 million shares in the current session.