Markets

Sparc Electrex Ltd Approves Board Appointments and Extends Financial Results Review Date Sparc Electrex Limited held a board meeting on June 6, 2026, where it approved several significant governance changes, including the appointment of new independent directors and the reappointment of its internal auditors. The company also postponed the review of its audited financial results for the first quarter and the full financial year ended March 31, 2026.The Board meeting addressed matters including the annual secretarial compliance report issued by Madhuri J. Bohra & Associates. Among the key appointments made were three new independent directors:Director NameRole CategoryAppointment DateTerm LengthMr. Jayantilal Raghunathram...

Greenleaf Envirotech Enters MoU for 25 MLD STP Project with Eiffil Water Infra Ltd Greenleaf Envirotech Limited has established a Memorandum of Understanding (MoU) concerning a significant Sewage Treatment Plant (STP) project. The agreement is being executed with Eiffil Water Infra Ltd (EWIL), and the contract value for the project stands at Rs. 25.50 Crore, which includes GST.The MoU relates to the execution of a 25 MLD STP project. To provide context on the participating entities, Greenleaf Envirotech reported a turnover of ₹ 21,469.34 lakh for the financial year 2024-25.Details regarding the capital structure and performance data were furnished alongside this agreement:ParticularsDetailsProject ScopeExecution of a 25 MLD...

BirlaNu Ltd Extends SBLC Validity by Three Months for German Subsidiary BirlaNu Limited has extended the validity period of a Standby Letter of Credit (SBLC) issued in favor of ICICI Bank UK PLC, Germany Branch. The extension provides additional coverage for working capital loan facilities sought by the company's German subsidiary.The SBLC was originally granted to secure working capital demand loan facilities intended to be availed by BirlaNu International GmbH, located in Germany. The guarantee covers an aggregate amount up to EUR 10.73 million and is held by ICICI Bank UK PLC.BirlaNu Limited confirmed that the validity of the aforementioned SBLC has been extended for a further three months. This extension increases the total...

Sesha Sai Nikhil Chintalapati Triggers Open Offer for Neelkanth Rockminerals Ltd After Substantial Acquisition Neelkanth Rockminerals Limited has initiated a mandatory Open Offer following an underlying transaction involving the acquisition of shares from Promoter Sellers. Mr. Sesha Sai Nikhil Chintalapati, the Acquirer, triggered the offer after entering into a Share Purchase Agreement (SPA) with the Promoter Sellers on June 06, 2026.The SPA involved the acquisition of 31,29,951 equity shares from the Promoter Sellers at a price of 219.40 per equity share, representing 62.06% of the Voting Share Capital. The total value of this transaction amounts to ₹76,07,21,049.40.In compliance with regulations regarding substantial acquisition...

RRP Defense Ltd Appoints Additional Director and Reconstitutes Key Board Committees RRP Defense Ltd has made significant changes to its board structure, approving the appointment of Ms. Priyanka K. Marvania as an Additional Director. The company also re-constituted three important committees of the Board of Directors with effect from June 06, 2026.Ms. Priyanka K. Marvania was appointed as an Additional Director in the category of Non-Executive Independent Director for a period of five consecutive years starting June 06, 2026, subject to shareholder approval.Details concerning her appointment include:Disclosure RequirementDetailsName of DirectorMs. Priyanka K. Marvania (DIN: 11676606)Reason for AppointmentAppointmentDate...

Advent Hotels International Releases Financial Results for FY2025-26; Announces Strategic Asset Reclassifications Advent Hotels International Limited (formerly Shiva Realtors Suburban Private Limited) announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company confirmed that these results were approved by the Board of Directors in a meeting held on May 19, 2026, following which the organization dissolved the voluntary Risk Management Committee.The audited results reflect significant operational changes and strategic asset classifications within the Group. These changes include the reclassification of certain assets as "Assets Held for Sale."Key Operational...

KNR JV Secures Coal Mining Contract from South Eastern Coalfields Ltd for Over 3,361 Crores KNR Constructions Limited, through its joint venture M/s KNR SIML, has received a Letter of Acceptance for extensive coal mining works awarded by South Eastern Coalfields Limited. The contract, which spans 2920 days at Kusmunda OCP in Chhattisgarh, is valued at Rs 3,361.11 crores, exclusive of GST.The joint venture, M/s KNR SIML, is a partnership comprising KNR Constructions Ltd (51%) and Sushee Infra & Mining Limited (49%). The work encompasses various stages of coal mining operations within the Kusmunda Open Cast Project in Chhattisgarh.The scope of work includes several specialized jobs related to overburden removal, surface mining, and...

North Eastern Carrying Corporation Allots Equity Shares in Preferential Issue To Promoter Mr. Sunil Kumar Jain North Eastern Carrying Corporation Limited has announced the allotment of equity shares following a preferential issue. The company granted these securities to its promoter, Mr. Sunil Kumar Jain.The preferential issuance involved the allocation of equity shares to Mr. Sunil Kumar Jain. Details regarding this transaction include the type of securities, the number allotted, and the associated pricing structure.A summary of the allotment is provided below:ParticularsInformation/RemarksType of Securities AllottedEquity SharesType of IssuancePreferential IssueName of AllotteeMr. Sunil Kumar Jain, Promoter of the...

Greenleaf Envirotech Secures Rs 65.25 Lakh Work Order from Hindalco Industries for Environmental Monitoring Services Greenleaf Envirotech Limited has secured a work order from M/s. Hindalco Industries Limited, valued at Rs 65.25 Lakhs (inclusive of applicable GST). The contract involves providing comprehensive environmental monitoring, sampling, testing, and analytical services at the client’s Pakhajan Plant.The agreement mandates that Greenleaf Envirotech will carry out annual environmental monitoring and laboratory testing services for Hindalco's Pakhajan Plant. The scope of work covers all necessary environmental and statutory requirements. Services are scheduled to be provided up to April 30, 2027.This domestic work order is...

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...