Markets

Ventive Hospitality Invests ₹50 Crores in Soham Leisure Ventures for OCD Allotment Ventive Hospitality Limited has invested ₹50 crore towards subscribing to 50 lakh Optionally Convertible Debentures (OCDs) of Soham Leisure Ventures Private Limited, which operates the Hilton Goa Resort. The investment, completed on June 3, 2026, saw Ventive commit ₹50,00,00,000 against the subscription of 50,00,000 OCDs, each having a face value of ₹100 and being issued for cash at par.This transaction represents a continued deepening of Ventive’s involvement with the hospitality venture. Prior to this investment, Ventive had previously invested in Soham Leisure Ventures Private Limited (SOHAM) through two separate rounds of OCD subscriptions amounting...

Bank of India Appoints Shri Lalit Taneja as Chief Vice President (CVO) Bank of India has announced the appointment of Shri Lalit Taneja to the role of CVO (Chief Vice President). The appointment is effective starting from June 03, 2026.BANKINDIA Stock Price Movement Today, Bank of India shares edged higher, gaining 2.23% to settle at ₹139.92. The stock traded within its daily range, with activity registering approximately 7.73 million shares during the session.

Munish Forge Limited Secures Significant Domestic and Export Orders, Strengthening Defence Sector Ties Munish Forge Limited has secured several key purchase orders, significantly strengthening its presence in the defence manufacturing sector while expanding its global reach. The company announced contracts from major entities under the Ministry of Defence (MoD) in India, alongside a substantial export order placed by an American customer.The domestic orders involve two separate units within the Ministry of Defence. Munish Forge has received orders for specialized components crucial to national defence requirements.Key details of the secured MoD purchase orders are presented below:CustomerQuantity/Component SuppliedValue (INR)...

Guru Krupa Gems and Jewellery Ltd Receives In-Principle Approval for Preferential Equity Share Issue Guru Krupa Gems and Jewellery Ltd, formerly known as Bhakti Gems and Jewellery Limited, has received in-principle approval from BSE Limited regarding the issue of equity shares on a preferential basis. The approval concerns the issuance of 32,00,000 equity shares at a face value of Rs. 10.00/- each.The authorization was granted by the Stock Exchange for the proposed share offering. This in-principle approval pertains to the issue of the equity shares in accordance with the relevant regulations governing the matter.Key details regarding the company and the security offer include:DetailInformationCompany NameGuru Krupa Gems and...

Shivamshree Businesses Revisions Issue Price for Preferential Allotment of Equity Shares The Board of Directors of Shivamshree Businesses Limited has unanimously approved a mandatory statutory modification regarding the pricing terms for its proposed preferential allotment of Equity Shares. The revision follows an evaluation process required under applicable regulations governing the issuance of capital.Initially, the Company had planned to raise funds by issuing and allotting up to 1,43,50,000 Equity Shares, with a face value of ₹1/- each. The initial estimated issue price for these shares was set at ₹2.25/- per Equity Share.Following the mandatory valuation calculation conducted based on the volume-weighted average price quoted on...

SEBI Appeals Mandate De Novo Review: Regulator Orders Disclosure of Investigation Records Pertaining to Alleged Illegal Fund Mobilization The Appellate Authority under the Right to Information Act, 2005, has issued a significant order regarding transparency within regulatory processes. The decision concerns Appeal No. 6868 of 2026 filed by Sanjay Kumar against SEBI concerning his complaints and appeals related to alleged illegal fund mobilization by Bahubala Private Limited.Review of Initial Information Denial The appeal was lodged after the appellant received a response from the Chief Public Information Officer (CPIO), SEBI, in May 2026. The original RTI application sought comprehensive records regarding both his complaints and...

PTC Industries Reports Strong FY26 Performance, Achieving Key Milestone in Strategic Materials at Lucknow Complex PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for critical aerospace and defense applications, announced its financial results for the quarter and full year ended March 31, 2026. The company reported strong consolidated growth across FY26, driven by robust execution in advanced materials and precision castings.The financial highlights show significant increases across key metrics for the company. For the full fiscal year 2026 (FY26), PTC Industries recorded Total Income of 6,432.9 RS MN, a substantial rise from 3,422.3 RS MN in FY25, reflecting an 88.0%...

Housing Demand Expected to Moderate in FY27; Select Listed Developers Poised for Outperformance India's residential real estate sector is entering Fiscal Year 2026-27 (FY27) amid a transition into a more mature stage of the housing cycle, with analysts suggesting that the vertical growth witnessed over the past four years may not be replicated. However, market experts note that select listed developers are likely to outperform the broader market, driven by strong balance sheets, consolidation within the sector, and sustained demand for branded properties.In a sector report, Emkay Global Financial Services noted that growth in FY27 will become "more selective," depending on execution strength rather than broad-based demand expansion...

Effwa Infra Secures ₹57.94 Crore End-to-End Zero Liquid Discharge Project from NMDC Steel Ltd Effwa Infra & Research Limited has secured a significant domestic contract with NMDC STEEL LIMITED, NAGARNAR. The agreement involves the turnkey installation of a Zero Liquid Discharge (ZLD) plant and related systems for the integrated steel plant in Nagarnar near Jagdalpur, India.The company announced the contract details, which include the scope, value, and project tenure.DetailSpecificationEntity Awarding ContractNMDC STEEL LIMITED, NAGARNARNature of ContractInstallation of Dissolve air floatation, Pre-treatment & Zero Liquid Discharge Plant for By-Product Plant & ETP on Turnkey Basis for 3.0 MTPA Integrated Steel Plant at...

SEBI Moves to Attach Assets as Mahadule Defaults on Illiquid Stock Options Penalty A significant enforcement action has been initiated by the Securities and Exchange Board of India (SEBI) against Upendra Tarachand Mahadule regarding his default in addressing a penalty related to illiquid stock options. SEBI has issued a formal Notice demanding payment, warning that non-compliance will lead to severe recovery proceedings involving the attachment of movable property and bank accounts.The notice confirms that a total sum of ₹5,26,000/- is outstanding against Mahadule, stemming from an adjudication by SEBI's Adjudicating Officer. The demand pertains to violations within the matter of Illiquid Stock Options, covered under Recovery...

Promoter Acquires Equity Shares of Cupid Limited in Open Market Aditya Kumar Halwasiya, a promoter of Cupid Limited, acquired equity shares of the company through the open market, increasing his stake while maintaining significant holding levels for the promoter group.The acquisition was completed on Wednesday, June 3, 2026. Mr. Aditya Kumar Halwasiya acquired 2,100,000 equity shares of Cupid Limited, each having a face value of Re. 1/-.Before the transaction, Aditya Kumar Halwasiya held 445,525,475 shares of the company, representing 33.13% of the shares carrying voting rights. The Promoter/Promoter Group entity, Columbia Petro Chem Private Limited, held 174,199,250 shares or 12.95%.The details of the acquisition and existing...

Poly Medicure Limited Schedules One-on-One Meetings for Analysts and Investors Poly Medicure Limited has announced the schedule for a series of one-on-one meetings between company officials and external analysts and investors. The sessions are intended to provide insight into the company's operations and strategy.The Company has organized the engagement to facilitate direct interaction with market participants. Details regarding the scheduled meetings, including dates, venues, and formats, have been made available to interested parties.One of the scheduled engagements is set for Bay Capital. The meeting details are provided below:InvestorMeeting DateVenueFormatBay CapitalMonday, 08th June, 2026 At 12.30 P.M.Physical Meeting...

Central Bank of India Appoints New Chief Financial Officer, Schedules AGM The Board of Directors of Central Bank of India (CBI), in its meeting held on June 3, 2026, announced several key decisions regarding the bank's leadership and shareholder engagements. The outcomes include the appointment of a new Chief Financial Officer (CFO) and setting crucial dates for an upcoming Shareholder Director election and the annual general meeting.Key Leadership Appointments and Decisions The Bank approved the appointment of Shri Vivek Kumar as the Chief Financial Officer (CFO), effective from June 3, 2026. This decision marks a key change in the bank’s finance leadership.Shri Vivek Kumar, who holds a Bachelor's degree in Science & Education and...

Commercial Court Returns Plaint Against Delphi, Status Quo Order Vacated Over Title Document Deficiency The Commercial Court at Dwarka in New Delhi has vacated all associated status quo directions after returning a plaint filed against DELPHI WORLD MONEY LIMITED in Civil Suit No. CS 628/2025. The lawsuit was brought by Bull Value Incorporated VCC Sub-Fund and related parties, against Delphi and others.The court proceedings concluded with the observation that the plaintiff failed to produce the necessary FCCB title documents despite being granted two opportunities. This finding comes after the Commercial Court issued an order on June 1, 2026.The relevant portion of the judicial observation noted that, "despite two directions...

Interise Trust Completes Full Repayment of Commercial Papers Interise Trust announced that it has completed the full repayment of its Commercial Papers (CPs) on June 3, 2026. The settlement was made in full due to the maturity of the commercial paper instruments.The trust confirmed the details pertaining to this redemption, noting that the outstanding amount against these papers is nil.Key financial and operational details regarding the repayment are as follows:ParticularsDetailsType of repaymentFullReason for repaymentMaturityQuantity redeemed (No. of CP)15,200Date for repayment / maturityJune 3, 2026Amount repaid (₹)Rs. 760,00,00,000The completion of the transaction marks the settlement of the specified...

Finkurve Financial Services Approves Regularization of Director and Modification of Related Party Transaction Finkurve Financial Services Limited, in a board meeting held on June 03, 2026, approved several key corporate matters concerning its leadership structure and related party transactions. The company's Board of Directors considered and sanctioned the regularization of Mr. Rajendran Chinna Veerappan as a Non-Executive, Non-Independent Director, subject to shareholder approval.The board meeting, which concluded on June 03, 2026, also approved the modification of certain Material Related Party Transactions (MTRs). These transactions pertain specifically to the acceptance of loans from related parties. Furthermore, the company...

Avro India Limited Enters MoU with SODES to Develop Rural Plastic Waste Management Systems Avro India Limited has signed a Memorandum of Understanding (MoU) with the Society of Digital Entrepreneurs (SODES). The agreement, dated May 22, 2026, outlines a joint effort focused on developing scalable rural plastic waste management systems across India.The partnership is set to execute Project Suddh. Under this MoU, Avro India Limited and SODES will collaborate to explore and develop these advanced systems in 2,50,000 gram panchayats spanning the country.The MoU establishes a comprehensive framework for commercial cooperation between the two entities. The collaboration will also focus on technology deployment and logistics coordination...

U.P. Hotels Ltd Seeks Delisting Relaxation After MPS Non-Compliance U.P. Hotels Limited is actively pursuing a voluntary delisting of its equity shares from stock exchanges, having previously faced issues related to Minimum Public Shareholding (MPS) requirements and subsequent non-compliance with these norms. The company recently secured specific relaxations from the regulatory authority to facilitate this process.The pursuit of delisting follows several years of corporate challenges, including prior instances where the company’s shares were suspended due to listing requirement non-compliance.Details of Past Delisting Offer A previous voluntary delisting attempt provided details regarding the offer scope and shareholder response...

Share Acquisition Update: Smart Services and Related Entities Increase Stake in Sharp India Ltd. The acquisition of shares by entities linked to Smart Services Private Limited has been reported concerning Sharp India Limited (BSE Code: S2J{.19). The transactions detail an off-market purchase made against a specific Share Purchase Agreement dated 1.1.2026.The details of the share acquisition by the listed entity are as follows:Number of Shares AcquiredDate of AcquisitionPerson for whom Shares Were AcquiredPurchase Price per ShareHolding % (w.r.t. Target Company)91.58 lakh02.06.2026Sharp CorporationRs. 10/-75.00%The transaction involved the purchase of 91.58 lakh shares by Sharp Corporation on June 2, 2026, at a price of Rs...

Mono Pharmacare Limited Appoints R K Mergu & Co as Statutory Auditor for FY 2025-26 The Board of Directors of Mono Pharmacare Limited appointed M/s R K Mergu & Co, Chartered Accountants, as the Statutory Auditor of the company. The decision was made during a board meeting held on June 3, 2026.The appointment involves filling a casual vacancy that arose following the resignation of Kumbhat & Co: LLP, Chartered Accountant. M/s R K Mergu & Co has been appointed to conduct the audit for the Financial Year 2025-26 and will hold office until the conclusion of the next Annual General Meeting.The appointment details and background information regarding the selected firm are as follows:ParticularsDetailAuditor NameM/s R.K. Mergu & Co...