Markets

Meghmani Organics Holds NCLT Convened Meeting for Amalgamation of Subsidiary Companies Meghmani Organics Limited held a convened meeting of its members on Saturday, June 06, 2026, through Video Conferencing (VC) and Other Audio-visual Means (OAVM). The meeting was conducted to consider and approve the Scheme of Amalgamation involving two wholly owned subsidiaries with Meghmani Organics Limited.The amalgamation involves Kilburn Chemicals Limited (Transferor Company 1), Meghmani Crop Nutrition Limited (Transferor Company 2), and Meghmani Organics Limited (Transferee Company). The meeting was presided over by Dr. Ajar Rab, Advocate, who was appointed as Chairperson by the NCLT Ahmedabad bench, and Ms. Pavni, Advocate, who served as the...

Archidply Industries Completes Internal Restructuring via Scheme of Amalgamation Archidply Industries Limited has completed a significant internal restructuring following a Scheme of Amalgamation, which became effective on June 05, 2026. The transaction involved changes in the shareholding structure among promoter group companies.The scheme stipulated that the shares previously held by Ravi Marketing & Services Private Limited in Archidply Industries Limited vested into Assam Timber Products Private Limited. Similarly, the shares belonging to Vanraj Suppliers Private Limited were transferred and vested into Shree Shyam Tea Private Limited, as defined by the approved Scheme.Archidply stated that these transactions constitute an...

Gujarat Themis Biosyn Ltd Approves Dual Fundraising: Rs 1,000 Crores Target Through QIP and Preferential Allotment Gujarat Themis Biosyn Ltd has approved a dual fundraising strategy aimed at expanding its capital base. The company's Board of Directors sanctioned the raising of funds through Qualified Institutions Placement (QIP) and through the preferential allotment of equity shares to Non-Promoters.The approval allows Gujarat Themis Biosyn Ltd to raise up to Rs 1,000 Crores via QIP. This capital infusion will be utilized through public and/or private offerings of equity shares and/or other convertible securities. This issuance is subject to the requisite approval of the company's members and any other statutory requirements...

Scheme of Amalgamation Becomes Effective for Archidply Decor Limited; Share Holdings Restructure within Promoter Group The Scheme of Amalgamation concerning Archidply Decor Limited became effective on June 05, 2026. This action was finalized after the necessary documentation regarding the scheme sanctioned by the National Company Law Tribunal (NCLT) was filed with the Registrar of Companies.The implementation of the approved Scheme resulted in specific shifts in shareholding within the promoter group. The shares previously held by Ravi Marketing & Services Private Limited in Archidply Decor Limited vested into Assam Timber Products Private Limited. Concurrently, the shareholding held by Vanraj Suppliers Private Limited in Archidply...

Pearl Global Industries Announces Resignation of Whole-Time Director Mr. Shailesh Kumar Pearl Global Industries Ltd has announced that Mr. Shailesh Kumar, a Whole-Time Director of the company, has resigned from his position. The resignation is effective from the closure of business hours on June 06, 2026.The company confirmed that there are no material reasons for this change other than the reason stated by the director in his resignation letter. Mr. Kumar's decision to step down stems from a desire to pursue other growth opportunities outside of Pearl Global Industries Ltd.Details regarding the cessation of Mr. Shailesh Kumar from the board include:ParticularsDetailsNameMr. Shailesh KumarPositionWhole-Time DirectorDate...

Panth Infinity increases authorized capital, announces major share swap acquisition and preferential issue Panth Infinity Ltd., during a Board of Directors meeting held on Saturday, June 06, 2026, approved several significant corporate actions, including an increase in its Authorized Share Capital and the execution of a strategic acquisition through a share swap transaction. The company also approved a large-scale preferential allotment of equity shares.The Board determined that expanding into the agriculture sector would be a key strategic move for the company. This expansion is set to enhance long term growth potential, create operational synergies, and diversify Panth Infinity’s business portfolio.Capital Structure Expansion and...

Last Mile Enterprises Reports Consolidated Financial Results for March 2026; Revenue from Operations Reaches 259,242.05 Lakh Rs Last Mile Enterprises Ltd, formerly known as Trans Financial Resources Limited, has released its consolidated and standalone audited financial results for the quarter and year ended on March 31, 2026. The results include performance metrics compared to the previous fiscal year ending March 31, 2025.The company reported significant figures across all aspects of the business, including revenue, profitability, balance sheet position, and cash flow generation.Financial Performance Highlights For the year ended March 31, 2026, Last Mile Enterprises recorded a substantial Income from Operations of 259,242.05 lakh...

RBI Penalizes Canara Bank with Monetary Fine for Delayed Currency Chest Reporting The Reserve Bank of India (RBI) has imposed a monetary penalty on Canara Bank following an issue related to delayed reporting by its Currency Chest operations.According to the notification, the RBI levied a penalty totaling Rs.2,49,658.00 on the bank. The action was taken in relation to the delay in reporting by the Currency Chest division of the institution.The details surrounding the penalty and the associated violation are as follows:AuthorityReserve Bank of IndiaNature of Action TakenRBI levied a penalty of Rs.2,49,658.00Date of Order Receipt06.06.2026Violation DetailsDelayed Reporting by Currency ChestFinancial ImpactThe impact on...

Future Consumer Limited Subsidiaries Approve Incorporation of New Wholly Owned Entities Future Consumer Limited has seen key decisions made by the boards of two of its wholly owned subsidiaries regarding future corporate structuring and expansion. The boards have approved the incorporation of new wholly owned subsidiaries under regulatory oversight, signalling strategic advancements across the company's various business units.The approval process covered multiple entities within Future Consumer Limited's structure. According to board resolutions, Aadhaar Retailing Limited, which was previously known as Aadhaar Wholesale Trading and Distribution Limited, has approved incorporating a new wholly owned subsidiary. The name of this entity...

EMS Limited Secures L-1 Status for Major Sewer Network Project in Varanasi EMS Limited has been awarded the Lowest Bidder (L-1) status by UP Jal Nigam (Urban), Varanasi, securing a contract related to significant urban infrastructure development. The estimated order value for the construction work is approximately Rs. 10,284.76 lakhs (Rupees Ten Thousand Two Hundred and EightyFour Lakhs Only).The contract involves comprehensive turnkey execution services for various essential civic works within the city. EMS Limited has been entrusted with the work pertaining to "Laying of Sewer Networks and House Connection Work in 18 Problematic Ward" under Nagar Nigam, Varanasi. This project encompasses both laying and jointing the sewer network as...

Last Mile Enterprises Approves FY2026 Financials, Recommends Dividend and Appoints New Internal Auditor Last Mile Enterprises Ltd., formerly known as Trans Financial Resources Limited, announced several key resolutions following its Board of Directors meeting held on June 06, 2026. The board transacted matters including the approval of financial results for the year ended March 31, 2026, and recommended a final dividend payment to shareholders.The company's board approved the audited Standalone and Consolidated Financial Results for the quarter and year ended on March 31, 2026. The approval also covered the Statement of Deviation and Variation Report issued by the Statutory Auditor.In terms of shareholder benefits, the board...

Chowgule Steamships Director Receives Summons from Directorate of Enforcement (ED) Chowgule Steamships Ltd has confirmed that its Whole Time Director, Mr. Vijay Chowgule, received a summons from the Directorate of Enforcement (ED). The action relates to proceedings under the Foreign Exchange Management Act (FEMA), 1999, and pertains to document submission in connection with an ongoing inquiry.The ED issued the summons on June 5, 2026, originating from its Panji Zonal Office Goa. Mr. Vijay Chowgule is the recipient of this legal communication. The proceedings are conducted 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 summons...

Karnataka Bank Hosts TPP Conference 2026-27, Focuses on Fee Income and Digital Adoption Karnataka Bank Ltd. successfully organized its Third Party Products (TPP) Conference at its Head Office in Mangaluru on June 6, 2026. The conference brought together senior leadership, regional teams, and channel partners to outline the strategic roadmap for the financial year 2026-27, focusing on industry transformation and strategic growth areas.Chairing the event, Shri Raghavendra S Bhat, Managing Director & CEO, addressed the significant developments within the insurance sector over the last decade. He highlighted the necessity of leveraging TPP opportunities to generate fee-based income. Furthermore, he emphasized that increased regulatory...

Filtron Engineers Completes Open Offer; Erstwhile Promoters Reclassified as Public Entity Filtron Engineers Ltd has completed an open offer to the company's public shareholders, resulting in the acquirer taking control over the management of the company. The company confirmed that following this transition, certain shares held by erstwhile promoters were transferred to the Acquirer(s).The promoter entities listed—Sadanand Ganpati Hegde, Sadanand Ganapti Hegde HUF, Chetna Sadanand Hegde, and Bharati Sadanand Hegde—are transferring all their remaining shares to the Acquirer(s).In accordance with the necessary regulatory requirements, Filtron Engineers Ltd confirmed that these four Promoter/Promoter Groups are being reclassified from...

Promoter Purchase Information Disclosed Regarding Equity Shares of Company A disclosure detailing the purchase of equity shares has been received by Gajanan Securities Services Limited concerning a transaction involving the company's Promoter.The information relates to the acquisition of equity shares, and its provision aligns with requirements under Insider Trading Regulations.In addition, Vinay Kumar Agarwal submitted information in the prescribed format, relating to insider trading regulations, which was addressed to the securities firm.Stock Price Movement Gajanan Securities Services Ltd. settled in post-market trading on Friday, climbing a significant 9.98% to finish at ₹49.35. During the trading day, shares fluctuated...

Balurghat Technologies Appoints New Independent Director, Reconstitutes Board Committees After Senior Executive Resignation Balurghat Technologies Limited has made changes to its board composition and committee structures, announcing the appointment of Mrs. Shweta as an Additional and prospective Independent Director. The company also confirmed the resignation of Mrs. Geetika Khandelwal from her role on the board. These changes and reconstitutions are effective from May 29, 2026.The Board of Directors approved the appointment of Mrs. Shweta (DIN: 10283634) as an Additional Non-Executive Independent Director, effective May 28, 2026. Her tenure as an Additional Director runs until the upcoming Annual General Meeting. Furthermore, her...

Rudra Gas Enterprise Shareholders Pledge Shares to NBFCs as Part of Financing Arrangements Rudra Gas Enterprise Limited has seen its promoters encumber a total of over 30 lakh shares across two separate agreements with Non-Banking Financial Companies (NBFCs) in connection with financial arrangements. The pledges were executed by the company’s promoters, Kush Sureshbhai Patel and Kashyap Sureshbhai Patel.Rudra Gas Enterprise Limited maintains a promoter holding of 61,02,800 shares, representing 73.41% of its total share capital. The encumbrance details provided relate to two specific pledged agreements signed with financial entities.Details of Encumbered Shares and Pledges The pledges were made against loans from two different NBFCs...

Sparc Electrex Appoints Three New Independent Directors; Niraj Variava Resigns Sparc Electrex Ltd announced significant changes in its board structure, appointing three new independent directors and recording the resignation of an existing director due to tenure completion. The company also finalized the reappointment of its internal auditors for the fiscal year 2026-27.The appointments were made by the Board of Directors effective June 6, 2026, pending shareholder approval. The newly appointed directors are Mr. Jayantilal Raghunathram Suthar, Mr. Rohit Bhatia, and Ms. Asha Shravan Kumar Khedia. All three individuals have been appointed for a term of five years as Independent Directors.The details regarding the new appointments are...

Rathi Steel & Power Ltd. Successfully Completes Trial Run for Hot Charging of MS Billets in TMT Bar Manufacturing Rathi Steel & Power Limited announced a significant operational milestone, having successfully conducted a trial run involving the Hot Charging of Mild Steel (MS) Billets destined for their TMT Bar Mill on June 06, 2026. This achievement marks a pivotal step in enhancing the company’s production capabilities and product portfolio.The successful implementation of this technological process allows for the efficient transfer of hot billets from the continuous casting machine to the rolling mill. The trial run successfully yielded Fe 550D grade MS TMT Rebars, which are critical components recognized for their superior tensile...

Sparc Electrex Ltd Postpones Board Meeting for Standalone Audited Financial Results Due to Reconciliation Needs Sparc Electrex Limited has announced a change regarding its meeting intended to consider the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026, along with the Auditor's Report. The meeting was postponed and rescheduled for Saturday, June 13, 2026.The rescheduled Board of Directors meeting is set to take place at 03:30 p.m. at the company’s registered office in Mumbai.The decision to postpone the event comes after a period requiring additional time for essential financial processes. Sparc Electrex stated that the delay was necessitated by the requirement for extensive...