Markets

Integrated Hitech Ltd Promoters Declare Director as Person Acting in Concert Integrated Hitech Limited has formalized the status of one of its directors, confirming that he will be acting as a Person Acting in Concert (PAC) with the company's promoters.A Gerald Ebenezer, along with Sudha Gerald Ebenezer and Renald Abel, who are listed as Promoters of Integrated Hitech Ltd, made the declaration concerning this matter.The declaration specifies that Mr Ramesh Chandra Mishra, a Director of Integrated Hitech Limited, will be acting as a Person Acting in Concert (PAC). The promoters further confirmed that the aforementioned director is operating in concert with them.Stock Price Movement At the close of trade today, shares of Integrated...

ACC Limited and Ambuja Cements Receive 'No Adverse Observations' from BSE and NSE on Amalgamation Scheme On June 4, 2026, ACC Limited announced that it has received crucial observations regarding the proposed Scheme of Amalgamation with Ambuja Cements Limited. The company confirmed receiving an observation letter with 'no adverse observations' from the Bombay Stock Exchange (BSE) and a 'no objection' status from the National Stock Exchange of India Limited (NSE).The observations relate to the Scheme of Amalgamation, which involves ACC Limited as the amalgamating company and Ambuja Cements Limited as the amalgamated company. The Board of Directors of ACC Limited had previously approved the proposed Scheme, subject to securing various...

Apollo Ingredients Ltd Approves Major MOA Alteration and Sets Related Party Transaction Limits Apollo Ingredients Ltd, formerly known as Indsoya Limited, held a Board meeting on June 4, 2026, where it considered and approved several key corporate actions, including material changes to its Memorandum of Association (MOA) and setting transaction limits with related parties.The Board reviewed and sanctioned the Annual report along with the Board Report for the financial year 2025-26. Additionally, the company approved the convening of its 46th Annual General Meeting, which is scheduled to be held on Monday, June 29, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM).In a significant corporate move, the Board approved...

SEBI Issues Binding Order in Crucial Decision Regarding Argentum Dynamic Alternative Investment Fund The Securities and Exchange Board of India (SEBI) has officially released a significant regulatory order pertaining to the workings and compliance standards of the Argentum Dynamic Alternative Investment Fund. This directive comes as part of ongoing oversight aimed at maintaining integrity within the alternative investment fund sector. The release underscores SEBI's commitment to rigorous monitoring of funds operating in complex financial landscapes.Details of the Regulatory Order The official order, issued by SEBI on June 4, 2026, addresses specific matters related to the Argentum Dynamic Alternative Investment Fund (AIF). This formal...

SEBI Unveils Landmark Order on Utilis Fund: Regulators Move to Clarify Governance and Compliance The Securities and Exchange Board of India (SEBI) has issued a critical order concerning the Utilis Fund. This decisive action underscores the regulator's commitment to robust oversight and maintaining high standards of compliance within fund management entities. The release, dated 04/06/2026, signifies a major step in regulatory governance for stakeholders involved with the Utilis Fund.SEBI’s Action on Utilis Fund Regulatory Compliance The order issued by SEBI addresses specific matters pertaining to the Utilis Fund. This release is part of the ongoing supervisory mandate held by the regulator. Such directives are crucial for ensuring...

Thangamayil Jewellery Ltd Clarifies Stock Price Movement Attributing Rise to Market Forces Thangamayil Jewellery Limited has issued a clarification regarding the recent movement of its share price. The company addressed inquiries related to its stock performance, affirming that it holds no undisclosed material or price sensitive information that could relate to any increase in its shares' value.The company stated that all necessary disclosures relating to the operations and performance of Thangamayil Jewellery Ltd have been made. Following this assurance, the management confirmed that the rise in the scrip of the company is market driven, and there is no internal information available that connects to the stock price appreciation...

Grand Foundry Limited Appoints New Statutory and Internal Auditors, Sets Date for 34th Annual General Meeting Grand Foundry Limited has completed key corporate governance appointments following a Board meeting held on June 4, 2026. The Board approved the appointment of M/s Agarwal & Saxena as the company's Statutory Auditor and M/s Goyal Mittal & Associates LLP as the Internal Auditor. The management also scheduled the 34th Annual General Meeting (AGM) for June 30, 2026.The Board approved M/s Agarwal & Saxena, Chartered Accountants (ICAI Firm Registration No. 002405C), to serve as the Statutory Auditors for a term of five consecutive years. This appointment is subject to approval by members at the ensuing AGM and commences from the...

High Court of Gujarat issues Interim Order, Staying Arbitration Proceedings in Shashijit Infraprojects Dispute Shashijit Infraprojects Ltd has received an Interim Common Oral Order from the Hon'ble High Court of Gujarat regarding a dispute involving leased property acquired from Vapi Municipal Corporation. The order, dated June 2, 2026, stays the arbitration proceedings that the company had initiated against the opposing party.The matter concerns the disputed leased property secured from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika). To protect and enforce its contractual rights, Shashijit Infraprojects subsequently moved to initiate arbitration proceedings. However, the opposing party, Vapi Municipal Corporation...

Orient Cement and Ambuja Cements Scheme of Amalgamation Receives 'No Adverse Objection' from BSE and NSE Orient Cement Limited has received observation letters from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) concerning its proposed scheme of amalgamation with Ambuja Cements Limited. The exchanges granted observations on June 4, 2026, stating no adverse objection to the transferor company's proposal.The observation letters confirm that the company has met necessary requirements regarding listing and continuous listing stipulations as per both exchanges. This development comes after Orient Cement’s Board of Directors approved the proposed Scheme of Amalgamation between the two cement companies...

Rbm Infracon Reports Strong FY26 Results: Revenue Jumps 53%, PAT Increases 54% YoY RBM Infracon Limited, a specialist EPC and turnaround services contractor to major industrial sectors, has announced its audited financial results for the year ended March 31, 2026. The company reported a strong performance in FY26, delivering record annual revenue and profitability despite external challenges such as supply chain disruptions.The consolidated results show significant growth across key metrics. Revenue from Operations rose by 53% year-over-year (YoY) to ¥492.22 Crores. Profit After Tax (PAT) increased 54% YoY, reaching ¥45.28 Crores. EBITDA grew by 69% to X74.09 Crores, while the company successfully expanded its EBITDA margin by 146...

AVI Polymers Ltd increases authorized capital and approves share split amid strategic diversification pivot AVI Polymers Ltd has undertaken significant corporate restructuring, approving an increase in its authorized share capital, a bonus issue, and a sub-division of equity shares as part of its strategic move into sustainable industries. The Board meeting on June 4, 2026, finalized these decisions while also greenlighting the company's diversification into high-growth environmental sectors.The company approved altering and increasing its Authorized Share Capital from Rs 1,00,00,00,000 (Rupees Hundred Crore Only), comprising 10,00,00,000 Equity Shares of Rs 10/- each, to Rs 1,05,00,00,000 (Rupees One Hundred and Five Crore Only)...

Confidence Petroleum India Ltd Reconstitutes Key Corporate Committees The Board of Directors of Confidence Petroleum India Ltd approved the reconstitution of several corporate committees during a meeting held on June 4, 2026. These decisions relate to the operational governance structures within the company.The changes span multiple oversight bodies, including the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Risk Management Committee, and the Corporate Social Responsibility Committee. The Board meeting commenced at 06:30 PM and concluded at 7:40 PM.###Committee ReconstructionsThe approved composition for each committee is as follows:Audit CommitteeMember NameDirector Category...

Awfis Space Solutions Receives Show Cause Notice Over FY22-23 Return Discrepancies Awfis Space Solutions Ltd has received a Show Cause Notice regarding discrepancies identified in the filed return statement for Financial Year 2022-23. The notice was issued by the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu, dated May 23, 2026.The dispute relates to various discrepancies noted in the company's filing (DRC-01).Financial Implications and Company Response As per the calculations presented in the Show Cause Notice, a demand of approximately INR 7.10 Crores, inclusive of interest and penalty, is being sought from Awfis Space Solutions Ltd.The company confirmed that it is currently conducting a thorough...

Designated Person Acquires 1 Lakh Shares of Annapurna Swadisht Limited Stock on Market A designated person has acquired a significant stake in Annapurna Swadisht Limited, purchasing 1,00,000 equity shares of the company through the open market. The transaction details confirm the acquisition by Rachna Suman Shaw, who is identified as a Designated Person for the company.The purchase was recorded on June 4, 2026. According to the declaration, the shares were acquired on the NSE Emerge platform. The total value of this acquisition stood at 14,69,100.This transaction marks an increase in holding for the designated person. Prior to the purchase, Rachna Suman Shaw held 21,000 equity shares, representing a 0.10% stake in Annapurna Swadisht...

Anya Polytech & Fertilizers Ltd. Announces Audited Financial Results for Half Year and Financial Year Ended March 31, 2026 Anya Polytech & Fertilizers Limited (APFL) has released its Standalone and Consolidated Audited Financial Results for the half year ending September 30, 2025, and for the full financial year ended March 31, 2026. The company also confirmed the appointment of M/s Yash Sardana & Associates as its Cost Auditors for the Financial Year 2026-27.The Board of Directors approved these results, which include both standalone and consolidated statements, along with the Independent Auditor's Report confirming that the Standalone Financial Results offer a true and fair view in conformity with applicable accounting standards...

VIP Clothing Issues Corrigendum Providing Pricing and Undertaking Updates for Extraordinary General Meeting VIP Clothing Limited has issued a Corrigendum to the Notice of its Extraordinary General Meeting (EGM), which is scheduled to be held on Thursday, June 11, 2026. The Corrigendum updates several key points regarding the EGM, addressing matters related to fund utilization, pricing certificates, and contractual undertakings for shareholders.The original notice convening the EGM was circulated on May 20, 2026, relating to the meeting set for June 11, 2026. The Corrigendum provides additional details and clarifications across various items of the meeting agenda.Key Updates to the EGM Notice The updates specified in the Corrigendum...

Sangam India Ltd Fixes Record Date for Dividend Payment on Equity Shares Sangam India Ltd has announced the Record Date for determining entitlement of members to a final dividend on equity shares for the financial year ended March 31, 2026. The Board of Directors had recommended a final dividend of ₹ 2.00 per equity share.The decision regarding the dividend was made by the Board of Directors during a meeting held on Wednesday, April 22, 2026. The company is scheduled to hold its 40th Annual General Meeting (AGM) on Monday, June 29, 2026, where shareholders are expected to approve the recommended final dividend.As announced by the company, the Record Date for determining entitlement to the final dividend was set for Monday, June 22...

Acquirers Announce Mandatory Open Offer for Novartis India Ltd., Seeking 26% of Shares at INR 860.64 per Share The market is focused on the mandatory open offer initiated by a consortium of investors to acquire a significant stake in pharmaceutical giant Novartis India Limited. WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners—collectively referred to as the Acquirers—have launched the open offer to acquire up to 64,19,608 Equity Shares of Novartis India Ltd., representing 26% of the company's Voting Share Capital.The open offer is part of a larger transaction agreed upon under a Share Purchase Agreement (SPA) executed between the Acquirers and Novartis AG, the seller of the acquisition shares in Novartis...

Power Grid Corporation of India Ltd to Hold Board Meeting on June 10 to Discuss Unsecured Term Loan Facility Power Grid Corporation of India Ltd has scheduled a meeting of its Board of Directors to discuss plans for fund raising through an unsecured term loan facility. The board deliberation is set for Wednesday, June 10, 2026.The meeting is intended to consider the proposal related to securing funding via an Unsecured Term Loan Facility, which forms a key part of the corporation's strategic financial planning.In line with the corporate actions surrounding the scheduled event, Power Grid Corporation announced that its trading window will be closed for several days. The company’s stock trading will remain suspended from Friday, June...

Promoter Acquires Shares of Gem Aromatics Limited on Open Market Gem Aromatics Limited, a manufacturer and exporter of essential oils and aromatics chemicals, reported that its designated person acquired equity shares in the company through open market transactions. The acquisition by the promoter category individual was recorded on June 04, 2026.The transaction details indicate that Yash Parekh, identified as a Promoter/Designated Person/KMP of Gem Aromatics Limited, made the purchase. This move saw his holding increase from 9.38% to 9.54%.Equity Acquisition DetailsThe following table outlines the specifics of the equity acquisition by Mr. Yash Parekh:MetricDetailsName of PersonYash ParekhCategoryPromoter/Designated...