Markets

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...

Natural Biocon Approves Appointments, Records CS Resignation at Board Meeting Natural Biocon (India) Ltd held a Board of Directors meeting on June 6, 2026, during which several corporate decisions were formalized, including the appointment of two new directors and the acceptance of a resignation from its Company Secretary. The board also approved crucial operational reports for the fiscal year ended March 31, 2026, and set timelines for the forthcoming Annual General Meeting (AGM).Key outcomes of the meeting included the ratification of resolutions passed at the extra ordinary general meeting held on May 23, 2024. Furthermore, the board approved the Director's Report for the year ended March 31, 2026, and adopted the Secretarial Audit...

Sparc Electrex Appoints New Independent Directors and Reappoints Auditor; Director Completes Tenure Sparc Electrex Ltd has announced several key changes in its board composition, appointing new independent directors while noting the resignation of a long-serving member. The company also confirmed the reappointment of its internal auditors for the upcoming fiscal year.The Board of Directors held a meeting on June 6, 2026, and approved the appointment of two additional non-executive independent directors. Mr. Jayantilal Raghunathram Suthar (DIN: 07265227) and Mr. Rohit Bhatia (DIN: 10942375) were appointed as Additional Non-Executive Independent Directors, effective immediately. Their appointments are set for a term of five years and...

Shri Gang Increases Capital Through Allotments; Suraj Industries' Stake Revised Shri Gang Industries and Allied Products Limited has completed significant equity allotments, resulting in a substantial increase in its paid-up share capital. The changes were made following communications from the company detailing the issuance of shares through two different allotment processes involving both promoter group members and public entities.The shareholding structure of Shri Gang was updated based on these transactions, which saw Suraj Industries Ltd.'s stake revised to 18.83% of the increased paid-up equity capital.Details regarding the allotments made to Promoter & Promoter Group category and the Public category are as follows...

PM Chairs High-Level Council as Nation Zeroes In on Economic Transformation and Reform Momentum The focus on long-term development priorities and structural reform gained significant traction today as Prime Minister Shri Narendra Modi chaired a critical meeting of the Economic Advisory Council to the Prime Minister. The session deliberated extensively on the scope of India's economic transformation, underscoring the government's commitment to comprehensive, deep-seated change.The meeting provided an official platform to discuss the trajectory of the nation's growth and the necessary steps required to maintain momentum in its ongoing reforms journey. Prime Minister Modi utilized the platform to highlight the integral importance of...

Creative Newtech Receives INR 3,194.83 Crore Advance Work Order for BharatNet Middle Mile Network in Odisha Creative Newtech Limited has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Limited (BSNL) and its consortium partner. The project concerns the comprehensive development of the BharatNet Middle Mile Network within the Odisha Telecom Circle, with a total project value estimated at approximately INR 3,194.83 crore.The AWO covers all aspects of the network's life cycle, including Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance of the BharatNet Middle Mile Network in the designated circle. This project falls under the Government of India's flagship BharatNet programme.The scope...