Markets

Powerica Limited Receives GST Recovery Demand Notice from MIDC for FY 2026-27 Powerica Limited has received a demand notice from the Maharashtra Industrial Development Corporation (MIDC) regarding the recovery of GST for past periods related to Fiscal Year 2026-27. The communication was received by the company on June 05, 2026.The MIDC issued the recovery notice demanding GST along with interest totaling Rs. 5,67,694.87/-.According to the details provided regarding this statutory matter, key aspects of the communication are as follows:ParticularDetailAuthority NotifyingMaharashtra Industrial Development Corporation (MIDC)Type of CommunicationDemand for Recovery of GST for the Past PeriodDate of ReceiptJune 05, 2026...

India’s Climate Prowess Shatters Targets: Carbon Credit Scheme Showcases Global Leadership at WTO Trade Summit Landmark Achievements in Energy Transition as India Unveils Carbon Market Framework India showcased its ambitious commitment to sustainable development and the transition to a low-carbon economy at the WTO Trade and Environment Week 2026 in Geneva. Organized on World Environment Day, the specialized event highlighted India's policy and regulatory initiatives aimed at achieving its Nationally Determined Contributions (NDCs) under the Paris Agreement.Senior officials from the Ministry of Environment, Forest and Climate Change (MoEFCC), Bureau of Energy Efficiency (BEE), Ministry of Power, and Ministry of New and Renewable...

NHRC Launches Probe After Girl Is Beaten and Paraded in Deoria Over Suspected Theft The National Human Rights Commission (NHRC), India, has taken swift action after receiving a media report detailing a horrific human rights violation in Uttar Pradesh. The Commission initiated suo motu cognizance regarding the brutal beating and public parading of a young girl in the Deoria district.If confirmed by investigation, the incident represents a severe breach of fundamental rights within the region. A 14-year-old girl belonging to the Scheduled Caste was subjected to extreme cruelty by a local shopkeeper on suspicion of theft.Allegations of Brutality and Harassment The reported incident occurred in Deoria district, Uttar Pradesh, involving...

Apis India Reports Strong Q4 Results FY 2025-26: Net Profit Surges 27% YoY; Annual Revenue Hits Record High New Delhi, June 05, 2026 - Apis India Limited, a prominent honey processing and packaged food company with a legacy spanning 100 years, announced strong results for the fourth quarter of FY 2025-26. The consolidated quarterly net profit surged by 27.3% year-over-year (YoY) to ₹10.35 crore.The company also registered an 8.6% YoY increase in consolidated revenue during the quarter, supported by consistent growth across its natural and wellness foods portfolio. This strong performance culminated in a record full-year turnover for FY 2025-26, which reached ₹390.51 crore on a consolidated basis.Financial Highlights Snapshot The...

Indian Sucrose Ltd Approves Audited Quarterly and Full Year Financial Results for FY 2026 Indian Sucrose Ltd has released its audited financial results for the quarter and full year ended March 31, 2026. The Board of Directors approved these comprehensive standalone financial statements, which include the profit and loss statement, cash flow statement, and balance sheet, along with the Independent Auditor's Report, which granted an unmodified opinion on the results.The company noted that the performance during the quarter may not be entirely representative of annual operations due to the seasonal nature of its Sugar and Power segments. Furthermore, the management detailed two specific operational events impacting the period: the...

Sambhaav Media Limited Receives Refund from Income Tax Department Following Rectification Order Sambhaav Media Limited has received a rectification order from the Income Tax Department concerning the Assessment Year 2018-19, resulting in a substantial refund paid to the company. The communication regarding this matter was received on June 4, 2026.The rectification order pertains to correcting the original assessment made by the Income Department. Following this review, Sambhaav Media Limited has been paid a refund amount of INR 32,59,4541 (Thirty Two Lac Fifty-Nine Thousand Four Hundred Fifty-Four Onty).This transaction details the outcome of the tax department's action regarding the Assessment Year 2018-19. The company reported...

Innova Captab Limited makes Annual Report 2025-26 available online Innova Captab Limited has provided the web link and exact path for accessing its Annual Report for the year 2025-26.The company has made the detailed report available on its official website. Shareholders can access the "Annual Report for the year 2025-26" using the designated web link and path provided by the organization.The specific details for accessing the Annual Report are as follows:DocumentWeb LinkPathAnnual Report 2025-26https://www.innovacaptab.com/ICL Annual Report 2025-26https://www.innovacaptab.com/annual-reports.phpINNOVACAP Stock Price Movement Innova Captab Limited closed today after shedding value, settling at ₹867.50 as trading wrapped up...

Flywings Simulator Training Centre Posts Record FY26 Revenue, Driven by Aviation Demand Flywings Simulator Training Centre Limited announced its audited financial results for the fiscal year ending March 31, 2026, reporting significant revenue growth fueled by increasing demand within the aviation training sector. The company specializes in Safety and Emergency Procedures (SEP) training for airline crew and operates as a leading aviation training infrastructure provider.The financial performance reflects strong operational strength and strategic investments across various segments of the growing aviation ecosystem.Financial Performance Highlights Flywings recorded robust growth in FY26, with revenue rising 21% year-over-year (YoY)...

Raymond Realty Limited Grants Nearly 7 Lakh Stock Options Under RRL ESOP 2025 On June 05, 2026, the Nomination and Remuneration Committee (NRC) of Raymond Realty Limited approved the grant of stock options to eligible employees and options holders. The move pertains to the Raymond Realty Employees Stock Option Plan 2025 ('RRL ESOP 2025').The company granted a total of 6,98,567 stock options. These options are designated for current holders of options under the Raymond Employees Stock Option Plan 2023 ('Raymond ESOP 2023') and eligible employees.Option Grant DetailsThe NRC’s approval covers the allocation of these options, which represent a total of 6,98,567 equity shares of face value Rs.10/- each of the company. The options are...

Sundaram Finance Details Exercise of Stock Options Under Employee Scheme Sundaram Finance Limited has confirmed the exercise of stock options granted under its Employee Stock Option Scheme (SFESOS). The details pertaining to this ESOP grant, which was issued during 2023, have been exercised by option holders.The transaction involves a specific grant within the scheme, with details provided regarding the timelines and participation in the exercise.Key details of the stock options exercised are as follows:GrantDate of GrantExercise DateNo. of Option HoldersNo. of Options1526.05.20235th June 20262129Following the exercise, Sundaram Finance Limited has completed the necessary steps for transferring equity shares. These shares...

Tamilnad Mercantile Bank Sets AGM Date and Announces Personnel Change Tamilnad Mercantile Bank Limited (TMB) has announced outcomes from its recent Board meeting, which included fixing the date for its 104th Annual General Meeting (AGM), setting a record date for a proposed dividend, and detailing a key promotion within its senior management.The AGM of TMB members is scheduled to be held on Tuesday, July 14, 2026, at 11:00 A.M. IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OVAM), aligning with corporate requirements for shareholder participation. In addition to holding the AGM, the Bank will disseminate its Annual Report for the financial year 2025-26 along with the Notice convening the...

SRU Steels Ltd Cancels Board Meeting Scheduled for June 5, 2026 SRU Steels Ltd has announced the cancellation of its Board meeting that was scheduled to take place on Friday, June 5, 2026. The company had planned this meeting to consider and approve the Audited standalone Financials results pertaining to the quarter and year ended on March 31, 2026.The decision to cancel the board meeting comes due to the non-availability of the Statutory Auditor.SRU Steels Ltd stated that a revised date for the Board Meeting will be announced in due course as they finalize arrangements with the necessary parties.Stock Price Movement At the close of trade today, SRU Steels Ltd. shares settled at ₹2.21, marking a 1.84% gain. The stock experienced...

Andhra Cements Limited Merges with Sagar Cements Limited; Share Swap Ratio Set at 29:98 The merger of cement manufacturing giants Andhra Cements Limited and Sagar Cements Limited has been approved by the Board of Directors, setting forth a strategic amalgamation designed to achieve economies of scale and operational efficiencies. The scheme involves merging the operations of Andhra Cements Limited (ACL) with its holding company, Sagar Cements Limited (SCL).The merger is supported by valuation and fairness opinions provided by independent third parties. A Valuation Report was furnished by M/s BDO Valuation Advisory LLP recommending the share swap ratio for the proposed merger. Furthermore, Anand Rathi Advisors Limited, a SEBI...

Virinchi Ltd Allots 1,50,000 Equity Shares Following Warrant Conversion Virinchi Ltd has completed the allotment of 1,50,000 equity shares subsequent to the conversion of warrants that were previously issued on a preferential basis. The company received application money totaling Rs. 28,12,500/- for these shares.The equity shares were allotted at an issue price of Rs. 25/- each, which represented a premium of Rs. 15/- over the face value of Rs. 10/- per share. The allotment included the following shareholder:S.NoName of ShareholderCategoryNo. of Equity Shares1Kruti BodgalPublic1,50,000Total1,50,000Following the completion of this allotment, the issued and subscribed Share Capital of Virinchi Ltd has increased. The...

NSK Aakarsh Raj Resigns as Whole-time Director of Bandaram Pharma Packtech Ltd Bandaram Pharma Packtech Limited announced that Mr. NSK Aakarsh Raj has resigned from his position as a Whole-time Director, effective June 5, 2026. The resignation was tendered due to other professional and personal reasons.The company confirmed the change in directorship following Mr. Raj's submission of his resignation letter to the Board of Directors.Mr. NSK Aakarsh Raj had served as a Whole-time Director of Bandaram Pharma Packtech Limited, specializing in corporate roles at the organization. The resignation marks the cessation of his duties as of the specified date.The key details regarding this change are as follows:ParticularsDetails...

SEBI Issues Stern Demand Notice to Asan Steels Over Illiquid Stock Options Penalty Regulatory Body Demands Rs 5.16 Lakhs from Asan Steels for Violations The Securities and Exchange Board of India (SEBI) has issued a formal Recovery Certificate (RC9141 of 2026) demanding a significant sum from Asan Steels Private Limited. The demand relates to penalties incurred in the matter concerning illiquid stock options, as specified by SEBI's Eastern Regional Office on June 5, 2026.The notice directs the company to repay a total amount of Rs 5,16,000/- within 15 days of receiving the document. This figure includes penalties imposed by the Adjudicating Officer, interest charges, and recovery costs associated with SEBI's proceedings.Breakdown of...

Regulatory Failure: RBI Imposes Monetary Penalty on Canara Bank over Critical KYC and Inoperative Account Non-Compliance Reserve Bank of India Slaps ₹41.80 Lakh Fine on Canara Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹41.80 lakh on Canara Bank. The penalty, ordered on June 5, 2026, targets the bank's non-compliance with specific provisions set out in RBI directions regarding Know Your Customer (KYC).The action comes following findings from a Statutory Inspection for Supervisory Evaluation (ISE 2025) conducted by the central bank. This evaluation reviewed the bank’s financial position as of March 31, 2025.Understanding the Compliance Violations The penalty is levied under the powers conferred upon the...

Sethi Funds Management Acquires Shares in KCP Sugar and Industries Corporation Limited Sethi Funds Management Private Limited has acquired a stake in KCP Sugar and Industries Corporation Limited through the open market, expanding its holding in the company.The acquisition involved the purchase of 50,000 equity shares from the open market. This transaction contributed to the acquirer's interest, which now stands at 0.30% of the total issued and paid-up share capital of KCP Sugar and Industries Corporation Limited.This latest acquisition follows a prior holding by Sethi Funds Management Private Limited. The entity previously held 295,000 shares, representing 0.26% of the company's capital. Following the purchase of the new equity...

Career Point Edutech Secures Work Order from Government Institute for Coaching Services Career Point Edutech Ltd has secured a significant work order from Vasantrao Naik Research and Training Institute (VANARTI), an autonomous institute of the Government of Maharashtra. The contract, valued at Rs. 1,50,90,000/-, was awarded on June 05, 2026.The company has been empanelled by VANARTI to deliver comprehensive online and offline coaching services. These services are designated for candidates sponsored by VANARTI who belong to the Other Backward Bahujan Welfare Department categories within Maharashtra.The scope of work is detailed and extensive, covering various aspects of student preparation for competitive examinations including JEE...

Caprihans India Forfeits 3,15,000 Warrants from Bilcare Limited After Lapse Period Expiry Caprihans India Ltd has announced the lapse and subsequent forfeiture of 3,15,000 warrants held by promoter Bilcare Limited. The warrants expired after the stipulated exercise period as the company did not receive the balance consideration due upon conversion to equity shares.The allotment of warrants was initially made to Bilcare Limited at an issue price of ₹200 per warrant. The total issuance amounted to 48,00,000 warrants. Per the terms of the issue, while a portion of the subscription amount was received upfront, the remaining balance was due upon the exercise of options within a specified timeframe.The deadline for exercising these...