Markets

Praveg Ltd Appeal Against GST Order Substantially Allowed; Liability Reduced to Rs 20,000 Pravedg Limited has received a favorable order from the Appellate Authority regarding an ongoing Goods and Services Tax (GST) dispute. The Appellate Deputy Commissioner (S.T.), Goods and Service Tax, Chengalpattu, substantially allowed the Company's appeal after reviewing the initial GST order dated December 18, 2024.The litigation originated with an order from the Deputy State Tax Office, Roving Squad-V, Chengalpattu Intelligence. The dispute involved a claimed amount of Rs. 17,83,112/-.In the subsequent appeal to the Appellate Authority, the Company received relief in the matter. Through the order passed on June 05, 2026 under the IGST Act...

Garlon Polyfab Industries Ltd Presents Unaudited Financial Results for Quarter Ended June 30, 2021 Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended June 30, 2021. The company's management is responsible for the Statement, which was prepared in adherence to Ind AS and other recognized accounting practices.The statement underwent a review conducted in accordance with the Standard on Review Engagement (SRE) 2410, issued by the Institute of Chartered Accountants of India. While the review provides moderate assurance, it is distinct from an audit opinion.Based on the independent auditor's review, nothing was found to cause them to believe that the Statement had not been prepared...

Imec Services Ltd Registers Resignation of Independent Director Kamna Talreja Imec Services Limited has confirmed the resignation of Ms. Kamna Talreja from her position as an Independent Director of the company. The resignation is effective retrospectively from June 05, 2026.Ms. Talreja tendered her resignation through a letter dated June 05, 2026. Her departure and relinquishment of membership in various Board committees are effective as of that date.The reason cited for Ms. Talreja's resignation is personal reasons, with confirmation provided that there are no other material reasons contributing to the decision.Key details regarding the change in directorial status are summarized below:ParticularsDetailsDirector NameKamna...

Garlon Polyfab Industries Limited Releases Unaudited Financial Results with Limited Review Report Garlon Polyfab Industries Limited has released its unaudited financial results for the quarter ended December, 2022, along with a limited review report prepared by Chartered Accountants P.D. Agrawal & Co.The Statement of the financial results was reviewed in accordance with the Standard on Review Engagement (SRE) 2410, which is issued by the Institute of Chartered Accountants of India. This standard requires a review to obtain moderate assurance regarding whether the financial statements are free from material misstatement. The auditors confirmed that they did not perform an audit and therefore do not express an audit opinion.Based on...

Patel Retail Limited Launches 52nd R Mart Store in Bhiwandi, Bolstering MMR Presence Patel Retail Limited has expanded its retail footprint by launching its 52nd Patel's R Mart store in Bapgaon, Bhiwandi. The addition of this new outlet is designed to strengthen the company's growing presence across the Mumbai Metropolitan Region (MMR) and enhances accessibility in suburban and emerging urban markets.The strategically located store allows the Company to continue offering customers convenient access to quality groceries, daily essentials, household products, and value-driven options, reinforcing its position as a neighborhood retail destination. This launch aligns with the company's cluster-based expansion strategy and is set to...

Garlon Polyfab Industries Ltd Reports Unaudited Financial Results for Quarter Ended June 30, 2022 Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ended June 30, 2022. The company reported a net loss from continuing operations during this period.The performance metrics and financial summaries across the periods included in the report are detailed below:Financial MetricQuarter Ended June 30, 2022 (Unaudited)Quarter Ended June 30, 2021Year Ended March 31, 2022 (Audited)Income from Operations2 Lacs3 LacsTotal Expenses4 Lacs1 Lacs0.84 LacsProfit (Loss) before tax(0.39) Lacs(1.05) Lacs(2.28) LacsNet profit/(Loss) from continuing operations(0.39) Lacs(1.05) Lacs(2.28) LacsPaid up...

High Court of Kerala Dismisses Writ Appeal Filed by Cochin Minerals Against Enforcement Proceedings Cochin Minerals & Rutiles Ltd has confirmed that a writ appeal, challenging certain proceedings related to an ECIR, has been dismissed by the Hon'ble High Court of Kerala. The court delivered its judgment on June 5, 2026, upholding the order issued by a learned Single Judge.The litigation involved Cochin Minerals and four other parties who had filed the Writ Appeal before the Division Bench. The challenge related to the refusal of a single judge to quash the ECIR and associated proceedings.The Division Bench determined that the registration of a scheduled offence is not a prerequisite for conducting civil action or inquiry under PMLA...

Inter State Oil Carrier Ltd Reports May 2026 Volume Handled Amid Market Uncertainties; Strengthens Fleet Capacity Inter State Oil Carrier Limited released its monthly business update for May 2026, reporting details on volume handled. The company noted a decline in volume during the month, attributing operational challenges and market uncertainties to transport movement disruptions. Despite this challenge, Inter State Oil Carrier strengthened its fleet capacity by onboarding four additional tankers.The total volume handled by Inter State Oil Carrier Limited in May 2026 was 23.12 thousand metric tonnes (MTs). This figure represents a decline compared to the previous periods.Key volume figures for the company are detailed below...

Dhabriya Polywood Ltd Schedules Investor Meeting in Partnership with Hem Securities Ltd. Dhabriya Polywood Limited has announced that its officials will participate in a focused interaction session for analysts and institutional investors. The engagement, organized by Hem Securities Ltd., is part of the Samruddhi Season 3 - NavBharat ka Caravan initiative and is scheduled to take place on Wednesday, June 17, 2026, via video conference.The Company has made an Investor Presentation available for members and the public. The presentation document has been uploaded onto stock exchanges and the company's website, www.polywood.org.This interaction provides stakeholders with an opportunity to engage directly with Dhabriya Polywood Limited...

Hindustan Zinc and TERI partner to launch world's largest industrial ecological restoration project Hindustan Zinc Limited has signed a Memorandum of Understanding (MoU) with The Energy and Resources Institute (TERI) to undertake a massive 250-hectare ecological restoration project at its Chanderiya Lead Zinc Smelter Complex in Rajasthan. This ambitious initiative aims to transform the company's industrial landscape into a self-sustaining natural ecosystem, potentially establishing one of the world's largest green cover areas within an industrial premise.The collaboration is central to Hindustan Zinc's commitment to Sustainability Goal 2030, focusing on halting and reversing biodiversity loss and progressively working towards Net...

Garlon Polyfab Industries Ltd Releases Financial Results: Standalone Balance Sheet and Operational Overview Garlon Polyfab Industries Ltd has released its financial results for the quarter and year ended March 31, 2023, detailing the company's assets, liabilities, and operational performance. The results were reviewed by the independent auditors in compliance with relevant accounting standards.Financial Position as of March 31, 2023 The company’s standalone financial statement reflects specific figures for its assets and equity. For the year ended March 31, 2023 (in Lacs), the key components are detailed below:ParticularAmount (Lacs)Total Assets6.13Non-Current Assets5.76Current Assets0.37Total Equity and...

Garlon Polyfab Industries Reports Unaudited Financial Results for Quarter Ended December 31, 2021 Garlon Polyfab Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2021. The company's statement included a Limited Review Report prepared by Chartered Accountants P.D. Agrawal & Co.The financial data released reflects performance across various periods, including the quarter ending December 31, 2021, and nine months ended January 31, 2021.Quarterly Performance Overview (Quarter Ended Dec 31, 2021) Key operational figures for the quarter ended December 31, 2021, showed Total Expenses at 0.38 Lakhs, resulting in a Profit/(Loss) before tax of (0.38) Lakhs. The company's Total Comprehensive...

PM Modi Champions 'Self-Reliant India' After Highlighting Key Development Works in Surat and Daman Prime Minister Reaffirms Commitment to National Strength during Surat Visit Prime Minister Shri Narendra Modi has shared highlights from his recent visits across Gujarat, focusing on promoting self-reliance and development. The PM expressed great pleasure at the opportunity to be among the people of Surat. He stated that the city collectively serves as a vital reminder of the nation's commitment toward building a strong and independent India.In his remarks made in the vibrant city of Surat, Prime Minister Modi reiterated the collective drive towards self-reliance. The visit underscored the growing focus on local community involvement in...

Nibe Limited Subsidiary Secures License for Firearm Manufacturing and Proof Testing Nibe Defence and Aerospace Limited, a subsidiary of Nibe Limited, has been granted a significant license that expands its operational capabilities in the defense sector. The license permits the manufacturing and proof-testing of firearms and ammunition.The regulatory authorization was provided by the Department for Promotion of Industry and Internal Trade (DPIIT) within the Ministry of Commerce & Industry, Government of India. This grant aligns with provisions set forth under the Arms Act, 1959, and the Arms Rules, 2016, as issued by the Ministry of Home Affairs.The acquisition of this license has a direct impact on Nibe Limited's strategic...

HEC Infra Projects Secures Rs 44.87 Crores Work Order from MIS POWERGRID BIKANER IV TRANSMISSION LIMITED HEC Infra Projects Limited has secured a work order valued at Rs 44.87 crores from MIS POWERGRID BIKANER IV TRANSMISSION LIMITED, a subsidiary of Power Grid Corporation of India Limited. The contract involves the augmentation of transformation capacity at the 400/220 kV Bikaner-IV SIS facility.The project includes the upgrade of facilities and implementation of line bays for power infrastructure enhancement. Specifically, the scope involves the Augmentation of transformation capacity at 400/220 kV Bikaner-IV by 2x500 MVA, along with associated bays and the implementation of three nos. of 220 kV line bays.The work order, awarded...

Zee Entertainment Enterprises Schedules Board Meeting to Consider Equity Fundraising Zee Entertainment Enterprises Ltd has scheduled a Board meeting for Wednesday, June 10, 2026, to discuss plans for raising capital through the issuance of equity shares and/or other securities convertible into equity shares.The company intends to consider various methods for fundraising during the board session. This includes issuing funds in one or more tranches, utilizing permissible modes such as private placement or preferential issue, as well as any other suitable method or combination thereof. The Board has the discretion to determine the terms and conditions of the funding as deemed appropriate.In line with the Securities and Exchange Board...

Garlon Polyfab Industries Ltd releases unaudited results for quarter ended December 2020 Garlon Polyfab Industries Limited has released its Unaudited Financial Results, accompanied by a Limited Review Report, for the quarter ending December 2020. The results pertain to the company's performance during that period.The Statement of financial results was prepared in compliance with Ind AS and other recognized accounting practices and policies. Management is responsible for ensuring consistency between these results and those used in the preparation of its opening unaudited Balance Sheet as at that time.The limited review was conducted by Chartered Accountants in accordance with Standard on Review Engagement (SRE) 2410. The report...

Rhetan TMT Limited Appoints Tanuj Jain as Company Secretary and Compliance Officer Rhetan TMT Limited has appointed Mr. Tanuj Jain as the Company Secretary and Compliance Officer, effective from June 06, 2026. The appointment comes following a decision made by the company's Board of Directors.In addition to his role as Company Secretary and Compliance Officer, Mr. Tanuj Jain will be designated as Key Managerial Personnel under relevant provisions, effective from the date of his appointment.Mr. Tanuj Jain is qualified as an Associate Member of the Institute of Company Secretaries of India (ICSI), holding Membership No. A80781. He holds a Bachelor's degree in Business Administration (BBA) and has a reputation for a diligent and...

Sattva Engineering Construction Limited receives Penalty Order from Income Tax Department Sattva Engineering Construction Limited, a company that was formerly known as Cattya Fnainperina Construction Private limited, has received a Penalty Order/Computation Sheet from the Income Tax Department regarding its assessment for Assessment Year 2022-23.The communication was received by the Company on June 5, 2026, from the Income Tax Department - National Faceless Assessment Centre (NFAC). The order is related to Section 271B of the Income-tax Act, 1961.Under the said penalty order, a total penalty of ₹1,50,000 has been levied on Sattva Engineering Construction Limited for Assessment Year 2022-23.The details of the Penalty Order and the...

Innovision Ltd Awarded NHAI Contract Worth Over 25 Crores for Toll Collection and Facility Maintenance Innovision Ltd has been awarded a significant contract by the National Highways Authority of India (NHAI) involving toll collection and facility maintenance on a major stretch of National Highway-93 (NH-509) in Uttar Pradesh.The company received the Letter of Award (LoA) for the engagement, which covers operating the Belon Fee Plaza located at Kilometer 136.965 within the Aligarh-Moradabad section. This project encompasses both toll collection and the upkeep and maintenance of adjacent Toilet Blocks, including replenishing consumable items.The contract was awarded by NHAI under tender ID NHAI/13013/547/CO/26-27/CB/Belon...