Markets

SEBI Issues Critical Release Order as Financial Service Entity Satisfies Penalty Requirement SEBI has issued a definitive Release Order pertaining to the recovery proceedings against Dollar Advisory and Financial Services. This order mandates banks across India to release attached accounts following the entity's compliance with the requirements set forth by the Securities Appellate Tribunal (SAT). The directive signals a key step in resolving outstanding liabilities associated with Recovery Certificate No. 8456 of 2024.Resolution Reached After SAT Ruling on Financial Entity Defaulter The underlying proceedings concern a recovery amount of Rs. 8,76,000/- plus accrued interest, costs, and charges, drawn up by the Recovery Officer...

SEBI Orders Release of Assets After Full Recovery from I Zone Academy in Illiquid Stock Options Case In a significant move confirming the resolution of regulatory disputes, the Securities and Exchange Board of India (SEBI) has issued an order directing all financial institutions to release the attached assets of I Zone Academy Private Limited. The directive follows the successful recovery of the entire outstanding amount from the company regarding trading irregularities in Illiquid Stock Options on the BSE.The SEBI order, dated June 5, 2026, confirms the conclusion of a protracted recovery proceeding against the firm, ensuring the return of all seized bank accounts, Demat holdings, and mutual fund folios. This action signals decisive...

Sponsor Entities Pledge 15.05% of Nexus Select Trust Units to Secure Credit Facility A group of sponsor entities associated with Nexus Select Trust has pledged a significant portion of their units in the Real Estate Investment Trust (REIT) to secure obligations related to a credit facility. The pledge was formalized on June 3, 2026.BREP Asia SG Forum Holding (NQ) Pte. Ltd., Wynford Investments Limited, SSIII Indian Investments One Ltd., and BRE Coimbatore Retail Holdings Ltd collectively pledged 228,005,666 units of Nexus Select Trust to Deutsche Bank AG, which is serving as the onshore security agent for the Lenders. This transaction represented 15.05% of the total outstanding units of the Trust.The pledge was created in favour of...

Sammaan Capital Ltd Pays Full Interest and Completes Redemption of NCDs Sammaan Capital Ltd has fulfilled its obligations regarding interest payment and the full redemption of Secured Redeemable Non-Convertible Debentures (NCDs) that it had issued on a private placement basis. The company paid the entire interest amount as scheduled before completing the maturity process for these debentures.The details concerning the interest payment are provided below, covering the NCD identified by ISIN INE148I07EW5.Interest Payment DetailsISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)FrequencyActual Date of PaymentDue Date for Interest PaymentINE148I07EW52500224.384Yearly04/06/202605/06/2026The company confirmed that...

MoPNG Nominees Announced and Tenure Extended at Mangalore Refinery and Petrochemicals Limited (MRPL) Mangkalanore Refinery and Petrochemicals Limited (MRPL), a Schedule 'A' Government of India enterprise and subsidiary of Oil and Natural Gas Corporation Limited, has seen changes in its board composition involving nominations from the Ministry of Petroleum and Natural Gas (MoPNG). The company confirmed the extension of tenure for an existing nominee director and the appointment of another MoPNG official.The appointments concern senior personnel from the Ministry of Petroleum and Natural Gas (MoPNG) who serve as Government Nominees on the MRPL board. These designations are crucial for the governance structure of the refining entity.In...

Nexxus Petro Industries Ltd Clarifies Stock Price Movements Citing Market Conditions Nexxus Petro Industries Ltd has addressed reports concerning significant movements in its scrip price, stating that the volatility is purely market driven and reflects general market conditions.The company issued a clarification regarding investor concerns related to the price action of its stock. Management confirmed that the movement in the company's share price is determined by market forces alone.According to the statement released on June 5, 2026, Nexxus Petro Industries Ltd confirmed that neither the company management nor any part of its leadership possesses control over or has insight into the specific reasons behind the observed significant...

Fivex Capital acquires shares in Shoora Designs Ltd, increasing stake to 8.30% Fivex Capital VCC (a Variable Capital Company incorporated in Singapore) has acquired additional shares in Shoora Designs Ltd, raising its holding percentage slightly above 8%.The acquisition was conducted through the open market on June 4, 2026. The purchaser's post-acquisition stake reflects a marginal increase in ownership of the target company, which is listed on the BSE.According to the transaction details, Fivex Capital VC - Emerging Star Fund (the acquirer) held 3,80,500 shares and had an associated holding of 8.22% prior to the acquisition. The acquirer did not belong to the promoter group of Shoora Designs Ltd.The purchase involved acquiring...

Companies Hold AGMs: Shalimar Wires and ICICI Prudential Set Dates; Matrimony.com Announces Share Transfer Notice Matrimony.Com Limited has published a notice regarding the transfer of its equity shares, while two other companies, Shalimar Wires Industries Ltd. and ICICI Prudential Life Insurance Company Limited, announced their upcoming Annual General Meetings (AGMs).Matrimony.com and IEPF Share Transfer Matrimony.Com Limited released an intimation regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This matter was published in the Financial Express and Makkal Kural on June 5, 2026, providing notice to shareholders.AGM Scheduled for Shalimar Wires Industries Ltd. Shalimar Wires...

NESTS Partners with LLF to Supercharge Tribal Education; 443 EMRSs Set for Tech-driven Transformation Renewed Partnership Fuels Digital Divide Bridging Mission in India The National Education Society for Tribal Students (NESTS), operating under the Ministry of Tribal Affairs, has solidified a crucial partnership aimed at vastly improving technology education for tribal students. NESTS has signed a Memorandum of Understanding (MoU) with Learning Links Foundation (LLF) to implement the Amazon Future Engineer (AFE) programme nationwide.This collaboration marks a significant stride in utilizing corporate philanthropy to strengthen digital and technological literacy among India's tribal youth. The renewed MoU is set to be effective from...

Trade Surge: India and Philippines Intensify Bilateral Ties, Pinning Down USD 3.9 Billion in Growing Commerce Strengthening Economic Ties Between India and the Philippines Manila became the venue for a pivotal meeting of the India-Philippines Joint Working Group on Trade and Investment (JWGTI) on June 5, 2026. This fourteenth gathering underscored the profound strategic importance of boosting economic collaboration between both nations. The meeting was co-chaired by Mr. Amit Verma, Joint Secretary from the Ministry of Commerce and Industry of India, and Mr. Allan B. Gepty, Undersecretary from the Department of Trade and Industry in the Philippines.The discussions covered a wide array of bilateral trade trends and investment...

Promoter Sells Shares in Aqylon Nexus Ltd; Holding Reduces to 47.12% Kurjibhai Premjibhai Rupareliya, a promoter of Aqylon Nexus Limited, has sold shares of the company in the open market, reducing his stake. The disposal was reported following the transaction completed on June 4, 2026.The share sale pertains to Kurjibhai Premjibhai Rupareliya, who holds the position as a Promoter and Acting in Concert (PAC) with respect to Aqylon Nexus Limited, which is listed on BSE Limited and National Stock Exchange of India Limited.The transaction details show that Mr. Rupareliya sold 3,758,170 shares carrying voting rights through the open market mode. This disposal resulted in a decrease in his stake in the company.A summary of the...

Texel Industries Ltd Approves FY26 Financial Results and Reappoints Internal Auditor Texel Industries Ltd's Board of Directors conducted a meeting on May 29, 2026. The board transacted several key business items concerning the company's financial standing and internal governance structure.During the meeting, the directors reviewed and approved the Audited Standalone and Consolidated financial results of the company. These financial results cover both the quarter ended and the year ended on March 31, 2026.Another significant resolution passed at the board meeting involved the re-appointment of M/s Sweta Patel & Associates to serve as the internal auditor of Texel Industries Ltd.Stock Price Movement For the end-of-day close today...

Deccan Gold Mines Secures Rs 40 Crore Debt Funding from Godawari Power & Ispat Limited Deccan Gold Mines Limited has completed the documentation for availing debt funding amounting to Rs 40 Crore from Godawari Power & Ispat Limited. The agreement details were disclosed, specifying the terms and intended use of the funds by the borrower.The loan transaction involves Deccan Gold Mines Limited as the Borrower and Godawari Power & Ispat Limited as the Lender. The purpose for which the funds will be utilized is to finance the completion and development of the Altyn Tor Gold Project, which is being undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold in the Kyrgyz Republic. Additionally, the loan proceeds are allocated for other...

C & C Constructions Ltd Appoints Mr. Sunil Kumar as Company Secretary and Compliance Officer C & C Constructions Limited announced that its Board approved the appointment of Mr. Sunil Kumar as Company Secretary and Compliance Officer. The designation was formalized with effect from June 05, 2026, following a Board meeting held on that date.The appointment, made based on the recommendation of the Nomination & Remuneration Committee, establishes Mr. Kumar as Key Managerial Personnel (KMP) for the company. His duties include fulfilling all functions prescribed under Section 205 of the Companies Act, 2013, and serving as the Compliance Officer as required under the regulations.Profile and Experience Mr. Sunil Kumar is an Associate...

Jyothy Labs to Host One-on-One Investor Meet with Nippon India Mutual Fund Jyothy Labs Ltd has scheduled an investor meeting involving representatives of the company. The event is set to take place on June 11, 2026, with Nippon India Mutual Fund as the participant for a one-on-one session.The details of the scheduled engagement are as follows:Date of MeetingName of Fund/InvestorType of MeetingJune 11, 2026Nippon India Mutual FundOne-on-OneDuring the investor meeting, Jyothy Labs has specified that no Unpublished Price Sensitive Information (UPSI) is intended to be shared by the company.The latest Investor Presentation related to the company's operations is available on the company’s website at www.jyothylabs.com...

GPT Healthcare Ltd Schedules Institutional Investor Meeting GPT Healthcare Limited has announced a schedule for an Analyst and Institutional Investor meeting, providing insights into the company's operations. The event is scheduled for Thursday, June 11, 2026.The company will host "InsightX 2026 - Choice Virtual Conference," specifically aimed at institutional investors and fund managers. The session is set to be held virtually starting at 3:00 PM IST.Key details regarding the investor event are presented below:DateParticularsPlaceTimeThursday, June 11, 2026InsightX 2026 - Choice Virtual Conference (Institutional Investors/ Fund managers)Virtual (Group Meeting)3:00 PM ISTDuring the meeting, GPT Healthcare Limited...

Nitta Gelatin India Ltd Faces Operational Shifts Following Revision of SION Norms for Gelatine and Ossein Nitta Gelatin India Ltd is currently addressing the impact of revised Standard Input Output Norms (SION) issued by the Directorate General of Foreign Trade (DGFT), which relate to the manufacture and export of Gelatin and Ossein. The notification details changes in permissible input output ratios regarding the use of degreased crushed bones, or gel bones, a critical raw material for the company’s operations.The revised SION norms mandate significant changes in the ratio calculation for both Gelatine and Ossein production. Specifically, the input requirements have been reduced, affecting the manufacturing process as reported by...

Auditor Resigns from Simbhaoli Power Private Limited Following Engagement Evaluation Simbhaoli Sugars Limited has received notification regarding the resignation of the Statutory Auditor of its subsidiary, Simbhaoli Power Private Limited (SPPL). The firm M S K A & Associates LLP submitted its resignation in relation to the financial year 2026-27.The audit firm had been appointed as the Statutory Auditors for SPPL since December 30, 2022, with a scheduled term extending until the conclusion of the financial year 2026-27. M S K A & Associates LLP communicated its intention to resign on May 11, 2026.The resignation was tendered after the firm evaluated criteria related to client engagement continuance. The auditor stated that following...

India Ratings Affirms Credit Rating of Sunteck Realty Ltd Amid Debenture Status Update Sunteck Realty Ltd has received updated credit ratings from India Ratings and Research regarding its various financial instruments, the agency has confirmed the stability of the company’s issuer rating.India Ratings and Research provided details on the affirmation and assignment of credits for Sunteck Realty Ltd. These updates pertain to the issuer's rating as well as those associated with bank loan facilities.The key ratings assigned or affirmed by India Ratings and Research are presented below:Facilities/ InstrumentsRatingRating ActionIssuer ratingIND AA/StableAffirmedBank loan facilitiesIND AA/Stable/IND A1+AssignedBank loan...

GTN Industries Ltd Board Approves Preferential Allotment of Up to 24 Lakh Shares at Rs 24 GTN Industries Limited announced that its Board of Directors has approved a major capital raising initiative, providing an option to create and offer up to 24,59,622 equity shares on a preferential basis. The allotment is targeted at members of the non-promoter group.The Board meeting, held on June 5, 2026, considered and approved the issuance plan for the equity shares. Each share, which has a face value of Rs 10, will be offered by the company at a price of Rs 24 per share. This issue includes a premium of Rs 14 per share.Following this approval, an Extra Ordinary General Meeting (EGM) of the company members is scheduled to take place on July...