Markets

Interise Trust Allots Rs 1,727.10 Crores in Unsecured Commercial Papers Interise Trust has finalized the allotment of commercial papers, raising a total issue size of Rs. 1,727.10 Crores through its designated investment manager. The transaction involved the issuance of unsecured, listed, and rated commercial papers to institutional investors.The Investment and Finance Committee of Interise Investment Managers Private Limited, which serves as the Investment Manager for the Trust, completed the allotment on June 3, 2026.The newly issued financial instruments are detailed below:MetricDetailsTotal Issue SizeRs. 1,727.10 CroresNumber of Commercial Papers34,542Face Value per PaperRs. 5 Lakhs (Rupees Five Lakh only)...

Promoter's Shareholding Rises as Rajni Seth Acquired Shares Following Succession at My Money Securities Ltd Mrs. Rajni Seth, a promoter of My Money Securities Limited, has seen her shareholding increase following the acquisition of equity shares consequent upon the demise of Mr. Govind Narain Seth, also a promoter of the company. The transaction, which involved transmission of shares, saw her total stake rise to 5.52% of the paid-up equity share capital.The acquisition relates to the transfer of 1,37,050 equity shares, each having a face value of X10/-. This transmission event resulted in Mrs. Seth’s accumulated holding surpassing the five percent threshold of the company's paid-up equity share capital.Prior to this acquisition...

India International Cargo Show 2026 Schedule Revised as Jet Freight Logistics Participates Jet Freight Logistics Ltd has announced an update regarding its participation in the highly anticipated India International Cargo Show 2026 (IICS 2026). The organizers have revised the exhibition schedule, setting new dates and location details for South Asia's largest multimodal logistics event.The India International Cargo Show 2026 will now take place over three days, running from June 04, 2026, to June 06, 2026. The event is scheduled to be held at Hall 3 and Hall 4 of the Bharat Mandapam in New Delhi.Jet Freight Logistics Ltd confirmed that all other details concerning its involvement in IICS 2026 remain unchanged. The company invites...

SEBI Tightens Grip on Alternative Investment Funds: Master Circular Mandates Enhanced Governance and Rigorous Performance Benchmarking The Securities and Exchange Board of India (SEBI) has released a comprehensive new Master Circular for Alternative Investment Funds (AIFs), setting stringent standards across the entire investment lifecycle. This Master Circular supersedes the previous guidelines, consolidating and refining regulatory requirements from all AIF-related circulars issued up to May 31, 2026. The issuance signals SEBI’s continued focus on investor protection while promoting industry development within the sophisticated AIF sector.Governance and Operational Mandates for Fund Managers The new regulations impose heightened...

Dwarka Commercial Court Returns Plaint in Litigation Against Eraaya Lifespaces; Status Quo Order Vacated Eraaya Lifespaces Limited has received a judicial outcome in the Commercial Court at Dwarka, New Delhi, following proceedings brought by Bull Value Incorporated VCC Sub-Fund and related parties. The Court returned the plaint filed in the matter, while also vacating the status quo directions related to the case (No. CS 628 of 2025), titled Bull Value Incorporated VCC Sub-Fund vs. M/s Walker Chandiok Co. LLP & Others.The Court's order, dated June 1, 2026, holds significant weight for Eraaya and its stakeholders. The court expressly noted that despite being granted two opportunities, the plaintiff failed to file the FCCB title...

Morarka Finance Clarifies Appointment of Pranay G. Morarka as Managing Director Amidst Regulatory Requirements Morarka Finance Limited confirmed that its Board of Directors passed a resolution clarifying the appointment of Mr. Pranay G. Morarka as the company's Managing Director (Additional Director). The clarification was issued following the initial approval of his role, ensuring all necessary regulatory conditions are met concerning the appointment.The Board of Directors had originally approved Mr. Pranay G. Morarka for the position of Managing Director on April 23, 2026. This original approval set a term of five years commencing from April 24, 2026.The resolution passed by the Board of Directors on June 03, 2026, is purely...

My Money Securities Ltd Reports Share Transmission from Deceased Promoter to Legal Heir My Money Securities Ltd announced that the shares held by a deceased promoter have been transmitted to another promoter within the company. The transaction update reflects changes in the company's promoter group structure and will be incorporated into the shareholding pattern for the quarter ending June 30, 2026.The transmission involved Late Mr. Govind Narain Seth, who was part of the Promoter Group. These shares were transmitted to Mrs. Rajni Seth, who is also a Promoter of My Money Securities Ltd.According to the company records, the details of this share transfer are as follows:Deceased MemberTransmitted ToNumber of SharesLate Mr...

Promoter Acquires Shares of My Money Securities Through Transmission Following Demise My Money Securities Ltd has seen a change in its promoter shareholding following the transmission of equity shares consequent to the demise of Late Mr. Govind Narain Seth, Promoter of the company. The acquisition was made by Mrs. Rajni Seth, who is also a promoter of My Money Securities Limited.The transaction involved Mrs. Rajni Seth acquiring 137,050 equity shares through transmission. This acquisition resulted from the passing of Late Mr. Govind Narain Seth, who was also a Promoter of the company. The shareholding change represents an increase in her stake in My Money Securities Ltd.Prior to this transmission, Mrs. Rajni Seth held 7,90,300...

Exato Technologies Holds Q4 and FY26 Earnings Call for Audited Financial Results Exato Technologies Ltd., formerly known as Exato Technologies Private Limited, conducted an earnings call with investors and analysts on June 2, 2026. The event focused on the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026.The Q4 and FY26 Earnings Call commenced at 4:00 P.M. and concluded at 5:29 P.M., providing updates regarding the company’s financial performance.Several executives from Exato Technologies were present during the conference call to address questions from investors and analysts. The attendees included Mr. Appuorv K Sinha, Chairman and Managing Director, and Mr. Gopinath P Bailur, Chief Operating...

City Union Bank to Participate in India Corporate Day Singapore 2026 City Union Bank Ltd has announced its participation in an industry conference focused on corporate engagement and financial insights. The bank will take part in the "India Corporate Day Singapore 2026."The event is being organized by Kotak Institutional Equities. City Union Bank’s involvement is scheduled for June 06, 2026, in Singapore.CUB Stock Price Movement Today, City Union Bank Limited shares edged higher to settle at ₹249.25 after a gain of 0.16%. The bank’s stock saw sustained interest during the trading session, with total volume reaching 1.48 million shares.

Physicswallah Announces Participation in Kotak India Corporate Day Investor Meet Physicswallah Ltd has announced its participation in the Kotak India Corporate Day, scheduled across two days in Singapore. The event is set to host both One on One and Group Meetings with analysts and investors.The company representatives will attend the analyst and investor meet titled 'Kotak India Corporate Day' in Singapore on June 09, 2026, and June 10, 2026.This engagement provides a platform for the company to discuss its general business outlook with market participants. During the meetings, Physicswallah stated that no unpublished price sensitive information will be disclosed, maintaining that discussions will focus on publicly available...

Commercial Court Returns Plaint in Non-Jurisdictional Litigation Against Eraaya Lifespaces Ltd The Commercial Court at Dwarka, New Delhi, has returned a plaint filed by Bull Value Incorporated VCC Sub-Fund against Eraaya Lifespaces Limited, vacating interim status quo directions regarding the matter. The ruling, issued on June 1, 2026, significantly impacts the non-jurisdictional litigation initiated by the sub-fund and related parties.According to records reviewed by stakeholders, the court explicitly noted that despite being afforded two opportunities, the plaintiff failed to file the FCCB title documents—the foundational basis upon which it claimed status as a bondholder. The Court's order validated Eraaya’s consistent position in...

Binny Mills Reports Financial Results and Appoints Internal Auditor; Notes Detail Litigation Outcomes Binny Mills Limited has announced its audited financial results for the quarter and year ended March 31, 2026, alongside the appointment of a new internal auditor for the fiscal year 2026-2027. The company's performance details include significant operational losses across both reported periods.The Board of Directors, during its meeting held on May 22, 2026, reviewed and approved the financial results. Furthermore, the Board appointed M/s T Balaji and Associates, Chartered Accountants (FRN: 01413S) of Chennai, as the Internal Auditor for the financial year 2026-2027.Operational and Governance Updates The appointment of the internal...

NBCC Secures Work Orders Valued at Rs 83.24 Crore in Ordinary Course of Business NBCC (India) Ltd has been awarded several projects, collectively amounting to approximately Rs 83.24 crore (excluding GST), spanning major construction and infrastructural upgrades across different clients and states. These contracts fall within the company's normal course of business activities.The work orders include consultancy and construction mandates from diverse governmental and financial entities. The total portfolio includes three primary projects, each with specific client requirements and designated values.Key project allocations are detailed below:Client NameProject DescriptionApproximate Value (Rs Cr.)Canara BankConstruction of a...

Inspirisys Solutions Settles Litigation Dispute with Kerala Medical Services Corporation Limited Inspirisys Solutions Limited has successfully concluded a legal dispute with Kerala Medical Services Corporation Limited (KMSCL) through amicable mediation and subsequent court orders. The matter, which involved services rendered by Inspirisys to KMSCL under a 2011 tender, was fully settled on April 10, 2026.The litigation arose from disputes related to the contract awarded in 2011. The matter was referred through arbitration and subsequently entered mediation proceedings. According to the settlement reached between both parties, Inspirisys Solutions Limited has received the certified copy of the order from the Hon'ble High Court of Kerala...

Open Offer Announced for Lippi Systems Ltd by Dholu Family to Acquire 25.05% Public Stake The open offer to acquire a significant portion of its public shareholding in Lippi Systems Limited has been announced by a consortium of individuals, including Vinesh Shivji Dholu and Jagdish Shivji Dholu. The acquisition aims to secure control over the manufacturing company from the existing promoter group, as detailed in documents filed by the Acquirers.The offer sets out the terms for acquiring up to 33,82,231 Equity Shares of Lippi Systems Limited (the Target Company). These shares represent the entire public shareholding and constitute 25.05% of the Expanded Share Capital. The Offer Price has been fixed at ₹ 56.84 per Equity Share, with a...

Elnet Technologies Ltd Reconstitutes Three Key Board Committees Elnet Technologies Ltd announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee on 03 June 2026. The changes involve the re-appointment and designation of directors across these critical governance bodies.The company detailed the composition of each committee, which was approved by the Board of Directors through a circular resolution.Audit Committee Reconstitution The Audit Committee now comprises six members responsible for oversight functions, including independent and executive directors.Key members and their designations in the newly constituted Audit Committee are:Sr. No.Name of...

SBFC Finance Limited Allots 6,26,025 Equity Shares Under Various Employee Stock Option Schemes SBFC Finance Limited has allotted a total of 6,26,025 equity shares to employees across various stock option schemes. The allotment occurred on June 3, 2026, and the new shares rank pari passu with the Company's existing equity shares in all respects.The allotments were executed under five specific employee stock option policies: SBFC Stock Option Policy 2021 II, SBFC Stock Option Policy 2021 III - Special Grant, SBFC Stock Option Policy 2023 I, SBFC Stock Option Policy 2023 II, and SBFC Stock Option Policy 2023 III.The details of the allotted shares under each scheme are as follows:Scheme NameNumber of Shares AllottedFace Value per...

Physicswallah Records Strong Financials in FY26, Achieves 3x Jump in EBITDA Despite Net Loss Physicswallah Limited reported robust financial performance for the quarter and full financial year ended March 31, 2026. The company saw a significant surge in profitability, increasing its pre-Ind AS EBITDA three times compared to the previous fiscal year, while maintaining ambitious online growth targets across its educational verticals.The results highlighted that the digital focus remains central to Physicswallah's strategy, with online revenue now comprising over half of the total operational income, as the company aims for increased digitization and affordability in education.Financial Snapshot for FY26 For the full financial year...

Panafic Industrials Promoters Boost Stake via Rights Issue Acquisitions Promoters of Panafic Industrials Limited have increased their holdings in the company's securities through a rights issue, as detailed in regulatory filings regarding changes in promoter group shareholding. The acquisitions span multiple promoters and were reported following the completion of the right issue process.The data reflects the shift in share ownership for several key individuals categorized as Promoters within the company. All transactions involving the acquisition of shares were executed via a Right Issue on the BSE Limited.A consolidated view of the security changes by the various promoters is presented below:Promoter NameCategorySecurities Held...