Markets

Farmico International Completes Acquisition of Simandhar Impex Shares, Securing 74.64% Stake Simandhar Impex Ltd has confirmed that M/s Farmico International Private Limited has completed the acquisition of a significant stake in the company. The acquisition finalized on May 21, 2026, resulting in Farmico acquiring 22,81,615 equity shares, which represents 74.64% of Simandhar Impex's paid-up equity share capital.The completion of this share purchase agreement means that the Acquirer has gained substantial shareholding, voting rights, and effective control over the company.Following the acquisition and the open offer process, Farmico International Private Limited, along with Mr. Chandraprakash Wadhwani—the individual exercising...

Neptune Logitek Ltd Reports Financial Results for Half Year and Full Financial Year Ending March 31, 2026 Neptune Logitek Limited has released its audited standalone financial results and balance sheet for the half year and full financial year ending March 31, 2026. The company held a Board meeting on June 06, 2026, to consider and approve these results along with the Audit Report by Statutory Auditors, J. S. Maheshwari & Co.The company's operations are segmented geographically into Domestic (Within India) and International (Outside India) segments, which reflect its customer base. The financial statements provide comprehensive details across profitability, asset structure, and cash movement.Financial Performance Highlights The...

Board Approves Share Allotment of 45 Lakh Shares in North Eastern Carrying Corporation Limited The Board of Directors of North Eastern Carrying Corporation Limited (NECCLTD) approved the allotment of equity shares to the Company's Promoter, Mr. Sunil Kufnar Jain. This decision followed a meeting held on June 06, 2026, and is related to the conversion of unsecured loans into equity.The allotment involves 45,00,000 equity shares of the company. Each share has a face value of Rs. 10, and they were allotted at an issue price of Rs. 15.18 per share. The total aggregated value of this allotment amounts to approximately Rs. 6.83 Crores.The transaction was conducted on a preferential basis. This measure involves the conversion of unsecured...

Aravali Securities and Finance Ltd to Hold 46th Annual General Meeting on July 4, 2026 Aravali Securities and Finance Limited has scheduled its 46th Annual General Meeting (AGM) to be held virtually via VC/OACM. The AGM is set for Saturday, July 04, 2026, at 12:00 Noon IST.The company has appointed Mr. Gaurav Arora, a Practicing Company Secretary, who will serve as the Scrutinizer for the e-voting and poll process during the Annual General Meeting.In preparation for the AGM, Aravali Securities and Finance Limited has set specific timelines regarding membership eligibility and voting procedures. The cut off date for members to be eligible for e-voting is Saturday, June 27, 2026.The register of members and the share transfer book...

SEBI Issues Show Cause Notice Over 5Paisa Capital Limited's Investment Adviser Registration Status 5Paisa Capital Limited is facing scrutiny from the Securities and Exchange Board of India (SEBI) following the issuance of a Show Cause Notice (SCN). The notice questions the status of the company's certificate of registration as an Investment Adviser, which SEBI alleged has expired.The SCN was received by 5Paisa Capital Limited on June 05, 2026. SEBI sought reasons as to why the company’s Investment Adviser registration should not be cancelled or suspended under Regulation 30A of the SEBI (Intermediaries) Regulations, 2008, and Section 12(3) of the SEBI Act, 1992.According to details provided by the company, the allegation centers on...

Simandhar Impex Completes Share Acquisition, Records Change in Control and Board Transitions Simandhar Impex Ltd. announced the completion of a significant transaction involving a change in control of the company. The Board of Directors confirmed the successful acquisition of shares by Farmico International Private Limited (Acquirer), marking the commencement of a management transition process.The Board noted the finalization of the transaction under the Share Purchase Agreement dated January 14, 2026. The agreement involved the transfer of 2,281,615 equity shares representing 74.64% of the paid-up equity share capital to M/s Farmico International Private Limited. These shares were acquired at a price of INR 30 per Sale Share, with...

Ritco Logistics Secures ₹10.07 Crores in New Business, Strengthening Presence Across Key Industrial Routes Ritco Logistics Ltd., a prominent provider of Full Truck Load (FTL) transportation and integrated logistics services, successfully secured approximately ₹ 10.07 crores in new transportation contracts during May 2026. These contract acquisitions underscore the company's expanding operational footprint, its commitment to long-term client partnerships, and its proven execution capability across diverse multi-sector and multi-location operations.The newly secured business is segmented into two primary areas: Polymer & PSU segment and Infrastructure, Engineering & Industrial Goods.Key Contract Wins Across Segments In the Polymer and...

IBL Finance Board Approves Increased Borrowing Limits and Plans Major Debenture Issues IBL Finance Limited held a Board Meeting on June 6, 2026, where it considered and approved several proposals aimed at enhancing its financial capacity and expanding its capital raising avenues. The company's board decisions included increasing both its overall borrowing limits and the authorization for creating charges over its assets.Two major fundraising initiatives were also approved by the Board: one involving a private placement of non-convertible debentures (NCDs) and another concerning a public issue of NCDs.Increased Financial Limits Approved The Board granted approval for increases in two key financial parameters, both pending subsequent...

Kitex Garments Limited Independent Director Resigns, Citing Personal Reasons Kitex Garments Limited has confirmed that Mr. Chenakkott Philipose, an Independent Director of the company, has tendered his resignation. The change is effective from the close of business hours on June 06, 2026.The resignation was submitted due to personal reasons, and consequently, Mr. Philipose will cease to be a member or chairperson of any Board Committee within Kitex Garments Limited.The company conveyed its sincere appreciation for the valuable contribution and guidance provided by Mr. Chenakkott Philipose during his association with Kitex Garments as an Independent Director.The resignation letter confirmed that there are no material reasons for...

Vedanta Focuses on Critical Minerals as Global Markets Face Energy-Led Inflation and AI Transforms Investing Vedanta Limited has highlighted its strategic positioning in critical minerals, essential for global electrification and industrial growth, as part of its performance update. The company emphasizes that India is poised to become a global economic leader, possessing the necessary talent and resources while focusing on building domestic industrial capabilities across strategic metals.The post-demerger Vedanta Limited maintains a focused portfolio in critical minerals and strategic metals, holding key assets spanning zinc, silver, copper, ferrochrome, nickel, and other vital materials. This positioning is driven by accelerating...

Admach Systems Ltd Lands Order Worth ₹165.20 Lakhs from Steel Industry Client Admach Systems Limited has secured a new purchase order valued at ₹ 165.20 lakhs, involving the supply of specialized equipment to a domestic client in the steel industry. The acquisition contributes positively to the company's business pipeline.The contract covers the provision of a Main System and Automatic Calibration Station to the client. The terms for this order include a detailed payment structure: 15% advance upon submission of ABG, 15% against layout approval, 50% upon equipment inspection with Pl, 10% against material receipt at site, and the final 10% following installation and commissioning at the client's location, which requires the submission...

KICL Accelerates Vision 2030, Focusing on Agriculture Tech, Drone Ecosystems, and Footwear Manufacturing Growth Kothari Industrial Corporation Limited (KICL), a respected business group with over six decades of history in South India, has announced an ambitious growth roadmap positioning the company at the intersection of agriculture technology, advanced manufacturing, and geospatial intelligence. The strategy is designed to create long-term value while contributing significantly to India's economic transformation and employment generation.Chairman and Managing Director Dr. Rafiq Jinnah Ahmed stated that KICL is strategically positioning itself to participate meaningfully in India’s growth story as the nation enters a phase driven by...

Edible Oil Pack Sizing Standardized as Consumer Affairs Seeks Greater Market Transparency and Fair Trade The Department of Consumer Affairs has made a significant move to bolster consumer confidence in the edible oil market by amending the Standard Operating Procedure (SoP) under the Legal Metrology framework. This crucial amendment addresses the growing issue of varied packaging sizes, which often makes it difficult for consumers to accurately compare prices across brands.This initiative follows extensive consultations involving major industry associations that represent nearly 90 per cent of the country's edible oil sector. By establishing uniform pack standards, the government aims to introduce greater transparency and encourage...

Youth Surge: India’s Demographic Power Set to Accelerate Viksit Bharat Vision by 2047 The momentum toward a developed India is being driven by the energy and talent of its youth. The MY Bharat Youth Convention, attended by over 6,000 participants, underscored that Indian youth constitute the nation's greatest strength and are central to realizing the vision of Viksit Bharat. This pivotal convergence of youth engagement and governmental focus highlighted a strategic push towards making India a globally competitive and self-reliant nation.Youth as the Engine of Viksit Bharat Addressing the convention, Union Minister for Youth Affairs and Sports, Dr. Mansukh Mandaviya, emphasized that the demographic advantage of India is key to national...

Ganesh Infraworld Limited Board Approves Preferential Allotment of Warrants for Up To 57 Lakh Units Ganesh Infraworld Limited announced that its Board of Directors approved the issuance of warrants through a preferential allotment process, confirming details related to the proposed issue and subsequent steps. The company holds an Extraordinary General Meeting scheduled to ratify this decision.The approval centered on the issuing up to 57,12,000 warrants. These are set to be issued at an issue price of Rs. 90/- per warrant. Each warrant is convertible into one Equity Share of face value Rs. 5/- each. The issuance carries a premium of Rs. 85/- per Equity Share.The Board also approved the Valuation Report provided by Ms. Nidhi Agarwal...

Garlon Polyfab Industries Releases Q3 Financial Results with Limited Review Report Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ended September, 2022. The results have been presented alongside a limited review report conducted by Chartered Accountants P.D. Agrawal & Co., providing moderate assurance on the company's interim performance.The company’s standalone financial statement reflects both operational and balance sheet movements for the specified period.Financial Performance Overview The income figures show data across different reporting periods, detailing operating income, expenses, and net profit/loss. The results are presented in Rupeos Lacs.ParticularsQuarter Ended September...

Aravali Securities & Finance Ltd Approves Key Appointments, Reappointments and Boards Report The Board of Directors of Aravali Securities & Finance Ltd reviewed and approved several critical matters during a meeting held on June 06, 2026. The outcomes included the re-appointment of an internal auditor, along with recommendations regarding various director positions for approval at the ensuing Annual General Meeting (AGM).The Board meeting addressed the appointment of a Scrutinizer and approved the company's Board's Report pertaining to the Financial Year ended March 31, 2026. Furthermore, the notice convening the 46th Annual General Meeting was approved by the directors.Key Directorship Appointments and Reappointments The meeting...

Garlon Polyfab Industries Ltd Reports Q3 FY21 Standalone Financial Results Garlon Polyfab Industries Limited has released its unaudited standalone financial results for the quarter ended September 30, 2021. The company's profitability for the period stood at (048] Lakhs, according to the reported figures.The comprehensive income statement details for various periods are as follows:ParticularQuarter Ended 30-09-2021Quarter Ended 30-06-2021Quarter Ended 30-09-2020Half Year Ended 30-09-2021Full Year Ended 31-03-2021Profit/(Loss) for the period (XI + XIV)(048](037]03910.85](3.88]In addition, the unaudited financial results show that Total Comprehensive Income Paid up equity share capital stood at 46,132,000.00 for both the...

Shri Gang Industries Increases Paid-up Equity Capital Through Dual Preferential Allotments Shri Gang Industries and Allied Products Limited has executed two significant preferential allotment procedures through its Board of Directors' Preferential Issue Committee, leading to a substantial increase in the company’s paid-up equity share capital. The allotments involve the conversion of existing warrants and compulsory convertible preference shares (CCPS).The first allocation involved the allotment of 1,34,680 Equity Shares. These shares were allotted to Varun Gupta, categorized as Promoter & Promoter Group, subsequent to the conversion of 1,34,680 Fully Convertible Warrants that had been issued on November 11, 2025, at an issue price of...

SRF Ltd to Hold 55th AGM on June 30, Announces Annual Report Availability SRF Limited has announced that its 55th Annual General Meeting (AGM) is scheduled for Tuesday, June 30, 2026. The meeting will be conducted via Video Conference (VC) or Other Audio-Visual Means (OAVM).The company’s AGM concerns the Annual Report for the financial year 2025-26.SRF Ltd has ensured accessibility of the annual report for all shareholders. Those members whose email addresses are registered with the Company, its Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs) have received the official notice of the AGM via electronic mode.For shareholders who do not have their details registered with the RTA or Depository Participant...