Markets

Shree Refrigerations Secures Two Purchase Orders from Mazagon Dock Shipbuilders Worth Rs 2.54 Crores Shree Refrigerations Limited has secured two purchase orders from Mazagon Dock Shipbuilders Limited, totaling Rs 2,54,83,281.65 (excluding GST and applicable taxes). The contracts involve the supply of various spares and repair services related to AC Plants and FCU systems.The company received these domestic purchase orders for the supply of goods and services, which are scheduled for execution according to differentiated timelines.Details regarding the two distinct purchase orders awarded by Mazagon Dock Shipbuilders Limited include:CategoryDetailsOrder TypeOBS Spare and B & D Spare for AC Plant (First Order) and FCU Repair...

Smart Services Private Limited Launches Open Offer for Sharp India Ltd Shares at Rs 10 per Equity Share M/s. Smart Services Private Limited has launched a public open offer for the equity shares of Sharp India Limited, setting out terms and conditions for acquiring a substantial stake in the company. The offer is being made pursuant to the execution of a Share Purchase Agreement (SPA) between the Acquirer and the existing promoter of Sharp India Ltd.The Open Offer provides an opportunity for all public shareholders to participate in the acquisition.Key Offer Details The transaction involves the Acquirer, Smart Services Private Limited, acquiring a significant portion of the shares from the public. The core details of the offer are...

STL Networks Clarifies Preferential Issue Fund Utilization and Investment Strategy STL Networks Limited provided an update regarding the utilization of funds generated from its Preferential Issue. This clarification follows a previous communication dated May 29, 2026, addressing requirements related to the issue proceeds.The company specified that until the funds are completely utilized for the objects outlined in the Postal Ballot Notice issued on April 18, 2026, all remaining investment proceeds will be allocated to specific permitted instruments.To manage these excess funds, STL Networks Limited stated it will invest the proceeds in money market mutual funds and Fixed Deposits through Schedule Commercial Banks.STLNETWORK Stock...

Indag Rubber Reports Q4 FY26 Results: Revenue Grows 9%, Profitability Expands as the Company Targets Operational Excellence Indag Rubber Limited has reported its Q4 FY26 results, noting a significant rise in profitability despite topline moderation for the fiscal year. The company's CEO, Mr. Vijay Shrinivas, highlighted substantial growth in EBITDA and profitability metrics for Q4FY26, while reaffirming the robust value proposition of the retreading industry for fleet owners.For the fourth quarter of FY26, total revenue increased 9% year over year (YoY) to ₹63.16 crores. The Earnings Before Interest and Tax (EBITDA) saw a substantial increase of 81% YoY, reaching ₹6.33 crores, translating to a 10.0% margin. Profit After Tax (PAT) more...

Smart Services Updates Open Offer for Sharp India Shares, Confirms Acquisition Milestone Smart Services Private Limited has released a corrigendum to its Detailed Public Statement concerning the open offer for the acquisition of equity shares in Sharp India Limited. The update provides stakeholders with crucial information regarding both the acquisition status and the revised schedule of key events related to the ongoing open offer.The original open offer involved Smart Services acquiring up to 64,86,000 equity shares of Sharp India Limited at a price of Rs. 10/- per fully paid-up Equity Share, which represents 25.00% of the company's fully paid-up and voting share capital.Acquisition Update The corrigendum confirms a significant...

Non-Executive Director Ketki Mahendra Save Resigns from Confidence Petroleum India Ltd Confidence Petroleum India Limited announced that Mrs. Ketki Mahendra Save has resigned from her post as a Non-Executive Non-Independent Director, effective June 4, 2026. The resignation was attributed to preoccupation with other activities.In addition to the directorship, Mrs. Save ceased being a member of several key committees within the company. These roles include the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, CSR Committee, and Management Committee.The details regarding her cessation as a Non-Executive Non-Independent Director are summarized below...

ESAF Small Finance Bank Announces Key Changes in Senior Management Personnel ESAF Small Finance Bank Limited has approved changes concerning several senior management roles, including the appointment of new officers and the cessation of existing appointments, as confirmed by its Board of Directors during a meeting held on June 04, 2026.The bank has announced the appointment of Shri. G Narasimha Murthy as Chief Risk Officer (CRO), effective August 01, 2026. This transition follows the retirement of Shri. Wilson Cyriac from his role as CRO and Senior Management Personnel on July 31, 2026.Shri. G Narasimha Murthy has been appointed to the post for a three-year period starting August 01, 2026. His profile includes holding a Bachelor of...

Director Acquires Shares of Hilltone Software and Gases Ltd Hital Kumar Shah, a Whole Time Director at Hilltone Software and Gases Ltd, has acquired equity shares in the company. The acquisition was completed on June 3, 2026.The transaction details show that Mr. Shah purchased 1,000 equity shares for Rs 48,160.00. This purchase accounts for 0.0079% of the equity share capital of Hilltone Software and Gases Ltd.Prior to this acquisition, the director held 670,500 securities. Following the transaction, his total holding stands at 67,15,000 securities. The purchase was executed through a market purchase mode via BSE.The core details of the transaction are presented in the table below:CategoryDetailsCompany NameHilltone...

BEML Limited set to Participate in Analyst and Investor Meet Hosted by Elara Capital BEML Limited announced that it will be participating in an specialized Analyst and Investor Meet. The event is hosted by M/s Elara Capital.The meeting is scheduled for Wednesday, 10.06.2026, and will take place in Mumbai.BEML Limited confirmed its participation in the investor meet, providing details regarding the engagement with market analysts and investors.BEML Stock Price Movement As of 2:37 PM, shares of BEML Limited are shedding slightly as the stock trades down by 0.11% in live market activity, currently hovering at ₹1755.3. The equity sees a volume of 203,292 shares traded as investors digest intraday movements.

Sharp Investments Ltd Announces Resignation of Director Rishi Kant Tiwari Sharp Investments Ltd has announced that Mr. Rishi Kant Tiwari, Director of the company, tendered his resignation due to personal commitments and other engagements.The company received the resignation letter from Mr. Rishi Kant Tiwari, identified by DIN: 08029578, on March 2, 2026. The resignation was effective from the close of business hours on that date.In a statement regarding the transition, Sharp Investments Ltd confirmed that there were no material reasons for the director's resignation beyond those mentioned in the submitted letter. The company affirmed that the resignation has been duly taken on record in accordance with the applicable provisions of...

Promoter Divestment: Guenther America Inc. Sells Shares in Switching Technologies Gunther Ltd; Acquirers Take Stake Switching Technologies Gunther Ltd has seen a significant change in its promoter holding as Guenther America Inc., the existing promoter, sold 9,22,000 equity shares on June 1, 2026. The shares were acquired by three entities: Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Mr. Nikhil Pujari.Guenther America Inc. disposed of its entire shareholding in the company through an off-market transaction. This sale marked a transition where the entity ceased to be classified as a Promoter/Promoter Group member, with no control exercised over the Company post-sale.The acquiring entities, Touristas...

Symphony Completes Transfer of Bonaire USA LLC Stake and Key IPRs from CTPL Symphony Limited has completed the acquisition of a 100% equity stake in Bonaire USA LLC (BUSA) and associated Intellectual Property Rights (IPRs), transferring these assets from Climate Technologies Pty Limited (CTPL). The transaction was finalized following relevant agreements, providing Symphony with control over both the subsidiary and its intellectual property base.The total consideration paid for the transfer amounted to AUD 7.6 million, which is approximately ₹52 crore. This payment was specifically allocated between the acquisition of the BUSA equity stake and the IPRs transfer.A breakdown of the financial transaction is as follows:Asset...

ESAF Small Finance Bank Board Approves Key Appointments, Includes New CRO and Head of Internal Audit ESAF Small Finance Bank Ltd announced the outcome of its Board meeting held on Thursday, June 04, 2026, detailing several significant appointments to its senior management and board. The decisions included the appointment of two new directors and key personnel changes in Chief Risk Officer (CRO) and Head of Internal Audit.The Board, acting upon recommendations from the Nomination, Remuneration and Compensation Committee of the Bank (NRCCB), approved the appointment of Shri. Ashok Tukaram Dhamankar as a Non-Executive Independent Director. This appointment is for a period of Three consecutive years and is subject to approval by the...

Hindalco Launches Eternia Flagship Experience Centre in Delhi, Boosts North India Manufacturing Capacity Hindalco Industries Limited, a key entity of the Aditya Birla Group, has significantly expanded its presence in high-performance aluminium window systems by launching the flagship Eternia experience centre in Lajpat Nagar, New Delhi. The company is simultaneously strengthening its manufacturing capabilities in North India with the inauguration of a state-of-the-art facility in Bilaspur.Eternia, Hindalco's system aluminium windows brand, stands as one of the fastest-growing players in the segment, recording nearly 65% CAGR growth over the last three years. Driven by demand for premium solutions and an expanding nationwide network...

BlueStone Projects ₹12,000 Cr Revenue by FY30 Amid Retail Expansion and Margin Roadmap BlueStone Jewellery and Lifestyle Ltd has laid out ambitious growth targets for the near future, projecting a revenue of ₹12,000 Crore by Fiscal Year 2030. The company's strategy hinges on disciplined unit economics, aggressive retail expansion into smaller cities, and strengthening its in-house manufacturing moat.The brand has significantly expanded its physical footprint across India, growing from a single store in Delhi to 340 stores nationwide within eight years. A substantial 262 new stores were added over the last four years, with 52% of existing stores located in Tier 2 and Tier 3 cities.Key performance indicators highlight operational...

Civil Suit Filed Against Eraaya Lifespaces Ltd Over Allegations of Coordinated Voting Disputes Eraaya Lifespaces Limited is facing ongoing legal scrutiny following the filing of a civil suit concerning shareholder conduct and corporate governance matters. The lawsuit was brought by Varun Vaid, a public shareholder, before the District Judge (West District), Tis Hazari Courts in New Delhi.The civil suit, bearing No. Civ/DJ 527/26, centers on allegations related to how shareholders exercised their voting rights across various Company resolutions. The plaintiff contends that certain shareholders acted in a coordinated manner when voting on matters pertaining to governance, compliance, and corporate decision-making. A key element of the...

Vesuvius India Completes 35th AGM: Declares Dividend of ₹0.50 per Share Amid Robust Growth Vesuvius India Ltd. successfully concluded its 35th Annual General Meeting (AGM) on May 7, 2026, marking a year defined by steady growth and operational resilience. The meeting saw the declaration of a final dividend and provided insights into the company's strategic direction and financial standing for the fiscal year ended December 31, 2025.The AGM was attended by Members in person representing 11,60,49,424 shares, alongside proxies representing 13,47,621 shares. The Chairman provided a comprehensive overview of the company's performance during FY 2025, highlighting that despite input cost volatility, profitability remained resilient due to...

C2C Advanced Systems Signs MoU with IIT Ropar and AaizelTech for Defense and AI Research On 01 June 2026, C2C Advanced Systems Limited executed a three-party Memorandum of Understanding (MoU) with the Indian Institute of Technology Ropar (IIT Ropar) and Aaizel International Technologies Private Limited (AaizelTech). The MoU, signed at IIT Ropar in Punjab, establishes a structured framework intended to drive joint research, prototyping, testing, and technology development across several critical advanced domains.The collaboration is designed to address the need for integrating academic research with applied technological development expertise required to create operationally deployable solutions in next-generation defense, homeland...

Axiscades Technologies States Volume Spurt Is Market Driven Axiscades Technologies Limited has commented on the significant increase in trading volume of its shares across exchanges, clarifying that the observed surge is purely market driven.The Company addressed concerns regarding the sudden spike in trading activity and reaffirmed its commitment to market transparency. It stated that it has been making prompt and timely disclosures concerning all events or information that may bear upon the operations or performance of the business.Regarding the current situation, Axiscades Technologies confirmed that there are currently no other material events or information required for disclosure that could affect the Company's operational...

Galaxy Agrico Exports Files Application for Promoter Reclassification Galaxy Agrico Exports Ltd has submitted an application seeking the reclassification of its existing Promoter(s) or Promoter Group members from the 'Promoter / Promoter Group Category' to the 'Public Category'.The company received request letters from Promoter(s) and Promoter Group member(s) pertaining to this reclassification on March 30, 2026, and March 31, 2026. The receipt of these requests was subsequently communicated by the company.In response to the requests, Galaxy Agrico Exports intimated the Stock Exchange on April 02, 2026, regarding the convening of a Board Meeting to consider the proposals.The Board of Directors met and considered the matter on...