Markets

Kedia Construction Company Completes Merger with Kirti Investments, Announces Major Capital Restructuring Kedia Construction Company Limited (KCCL) has finalized a significant corporate restructuring through a Scheme of Arrangement and Amalgamation involving Kirti Investments Limited. The scheme entails both the merger of the two companies and a substantial reduction in the face value of equity shares held by KCCL.The transaction brings together the operational strengths of the Transferee Company (KCCL), which is engaged in construction, builders, construction contractors, and land development, with the business provided by the Transferor Company (Kirti Investments Limited), which operates in estate agency and consultancy services...

Deepak Builders & Engineers India Limited Announces Resignation of Independent Director Kashish Mittal Deepak Builders & Engineers India Limited has announced that Mr. Kashish Mittal, an Independent Director, has tendered his resignation from the company. The change is effective from the close of business hours on June 02, 2026.Mr. Mittal’s resignation was due to pre-occupations with work and other personal commitments. He confirmed that there are no material reasons for his departure apart from those mentioned in his resignation letter.In addition to his role as an Independent Director, Mr. Kashish Mittal also holds directorships in two other companies. These included Blendnet Tech Solutions Pvt. Ltd. and Apkasa Technologies Pvt...

Senior Management Changes at HMA Agro Industries as Director and CEO Resign/Retire HMA Agro Industries Ltd has seen significant changes in its senior leadership, announcing the resignation of Managing Director Mohammad Mehmood Qureshi and the retirement of Whole Time Director and Chief Executive Officer Gulzeb Ahmed. Both appointments concluded effective from the close of business hours on June 02, 2026.Mohammad Mehmood Qureshi tendered his resignation as the company's Managing Director and Director. His decision to step down was attributed to personal reasons and other professional commitments, marking the end of his tenure in these capacities.Furthermore, Gulzeb Ahmed has retired from his roles as Whole Time Director and Chief...

Pitti Engineering Clarifies Machining Capacity Amid Greenfield Facility Expansion Pitti Engineering Limited, formerly Pitti Laminations Limited, has provided clarification regarding its machining capacity in relation to the setup of a greenfield casting and machined components facility. The company noted that details concerning the machining capacity were previously omitted from an earlier intimation submitted on May 14, 2026.The addendum clarifies the current standing and proposed expansion of the company's consolidated machining capability.Key operational metrics related to the machining capacity include:Existing Consolidated Machining Capacity: The Company currently possesses a consolidated machining capacity of 7,20,000...

Moksh Ornaments Approves EGM to Regularize Additional Directors, Appoints Scrutinizer The Board of Directors of Moksh Ornaments Limited, in a meeting held on Wednesday, June 3, 2026, approved key resolutions related to an upcoming Extraordinary General Meeting (EGM) intended to seek shareholder approval for the regularization of additional directors.During the board meeting, which commenced at 03:00 P.M. and concluded at 03:40 P.M., the company ratified several critical matters concerning its corporate structure and future meetings.Key approvals granted by the Board included:Approval for convening the Extraordinary General Meeting (EGM) to secure shareholder consent regarding the regularization of Additional Directors. The...

Niva Bupa Health Insurance Board Shakeup: Milind Barve Resigns; Ashwani Bhatia Appointed as Additional Director Niva Bupa Health Insurance Company Ltd has announced changes in its Board of Directors, confirming the resignation of an independent director and approving the appointment of a seasoned finance professional.Mr. Milind Gajanan Barve, who served as an Independent Director, tendered his resignation due to persistent health issues. His resignation was effective from the close of business hours on June 02, 2026. Consequently, Mr. Barve will also cease to be the Chairman of the Board from that date.The company announced the appointment of Mr. Ashwani Bhatia as an Additional Director in the capacity of Non-Executive, Independent...

Jagran Prakashan Limited EGM Concludes Director Removal Resolutions; Implementation Kept In Abeyance per NCLAT Order Jagran Prakashan Limited held an Extra-Ordinary General Meeting (EGM) on May 29, 2026, during which several special resolutions concerning the removal of directors were passed. The company subsequently clarified that, in strict compliance with a ruling by the National Company Law Appellate Tribunal (NCLAT), all resolutions passed at the EGM must remain in abeyance until further orders from the competent judicial forum.The EGM, held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) and concluding at 01:38 P.M., involved voting on eight specific matters relating to the company's leadership structure. The...

Omkar Speciality Chemicals Interim Results Reviewed Citing Losses and Going Concern Basis Omkar Speciality Chemicals Ltd.'s interim financial results, reviewed across multiple quarters ending up to December 31, 2025, reflect ongoing operational challenges as the company continues under a resolution plan.The review reports indicate that Omkar Speciality Chemicals was operating under CIRP during the initial periods analyzed. The company has reported losses throughout these reviews, and due to the prevailing circumstances, financial results have been prepared on a going concern basis. Comparative quarterly figures are unavailable as the company had not yet prepared financial results for the first three quarters of the financial year...

Genesis Exports Acquires Shares of La Opala RG Limited in Open Market Transaction A promoter group, led by Genesis Exports Private Limited, has acquired an additional 60,000 equity shares of La Opala RG Limited through an open market transaction.Genesis Exports Private Limited and related persons acting in concert with the acquirer have increased their holding in the company. The acquisition was completed on June 2, 2026.The acquiring entity was confirmed as belonging to the Promoter Group. During the period leading up to the transaction, Genesis Exports Private Limited held 5,21,00,000 shares of La Opala RG Limited, representing 46.94% of the total voting capital. The combined holding of the promoter group prior to the acquisition...

Alkyl Amines Chemicals Ltd. Addresses Query Regarding Significant Share Volume Increase Alkyl Amines Chemicals Ltd. has issued a statement clarifying queries received concerning a significant increase in the volume of its shares across exchanges. The clarification addresses the market movement related to the company's scrip.In response to the inquiry, the company confirmed that it has fulfilled all necessary disclosures as required under relevant regulations. Alkyl Amines Chemicals Ltd. stated that there is no information or impending announcement available to them which could potentially affect the volume or price behavior of their shares.Furthermore, the company asserted that it is not aware of any information that might have...

Balaji Amines States Increased Stock Volume Is Purely Market Driven Balaji Amines Ltd. has clarified concerns regarding the significant increase in its scrip volume across exchanges, stating that the movement is driven purely by market conditions.The company addressed inquiries pertaining to the surge in stock trading activity. In response to surveillance queries, Balaji Amines confirmed that it has not withheld any material information or event that would affect the price or volume behavior of the company's stock.Balaji Amines concluded that the increase in either the price or the volume of its scrip is entirely market driven and reflective of prevailing market conditions.The company emphasized its ongoing adherence to regulatory...

Race Eco Chain Limited to Exhibit at BIOFUEL EXPO 2026 Focusing on Biofuel Industries Race Eco Chain Limited announced its participation in the upcoming BIOFUEL EXPO 2026, a major trade exhibition dedicated to ethanol biomass, biodiesel, biogas, and allied industries. The event serves as a key platform for discussions surrounding the biofuel manufacturing process and technology.The prestigious exposition is scheduled to take place from June 04th to June 06th, 2026, at the India Expo Centre & Mart in Greater Noida, Uttar Pradesh. This exhibition focuses on providing insights into Biofuel Manufacturing Process and Technology, Plant Machinery and Equipment, alongside allied industries within the green energy sector.The BIOFUEL EXPO...

Infomerics Upgrades Patel Engineering Ltd's Credit Rating Reflecting Strong Financial Performance Patel Engineering Limited, a leading infrastructure and construction company, announced that Infomerics Ratings has upgraded its credit ratings, citing the company's robust business fundamentals, improved liquidity profile, and strong financial performance. The ratings reflect PEL's consistent operational excellence across diverse sectors including urban infrastructure, dams, tunnels, irrigation, and hydroelectric power projects.The rating upgrade included an increase of the long-term rating from A- to A, and the short-term rating was upgraded from A2+ to A1. The improved credit ratings are expected to bolster the company's access to...

Current Infraprojects Limited Receives SME 1 Rating from SMERA Ratings Current Infraprojects Limited has been assigned a high performance and credit rating by SMERA Ratings, recognizing the company's financial strength within the Small and Medium Enterprise sector. The assignment places the company among those demonstrating superior creditworthiness compared to its peers.SMERA Ratings Private Limited evaluated Current Infraprojects Limited and issued the SME 1 rating. This designation signifies a high degree of safety concerning the timely servicing of financial obligations, reflecting strong financial stability for the Public Limited entity based in Jaipur.The SME 1 rating reflects the company's position as having the highest...

NCLT Approves Scheme of Amalgamation: Tritonvalves Climatech merges into Triton Valves Limited The National Company Law Tribunal (NCLT) has approved the Scheme of Arrangement for the amalgamation of Tritonvalves Climatech Private Limited with its parent company, Triton Valves Limited. The approval signifies a strategic move to streamline the group structure and improve overall administrative and operational efficiency across both entities.The merger involves the Transferor Company, Tritonvalves Climatech Private Limited, which is a wholly owned subsidiary of the Transferee Company, Triton Valves Limited. This scheme was sanctioned by the Hon'ble NCLT, Bengaluru Bench, making it effective from April 1, 2025.Key Details of...

Sterlite Technologies Confirms No Undisclosed Price Sensitive Information Regarding Share Volume Movement Sterlite Technologies Ltd has addressed concerns related to the significant movement observed in the volume of its shares across stock exchanges. The company confirmed that it is not aware of any unpublished price sensitive information that could affect the pricing or volume behavior of the scrip which has not been intimated.The clarification was issued following inquiries regarding the volume trends associated with the company's shares on BSE Limited and National Stock Exchange of India Limited.Sterlite Technologies stated that it maintains necessary disclosures concerning all events and information pertaining to its operations...

Aegis Investment Fund PCC Acquires Shares in Modis Navnirman Ltd, Boosting Stake to 8.42% Aegis Investment Fund PCC has acquired shares in Modis Navnirman Ltd through an open market transaction, increasing its stake in the company.The acquisition was completed on June 3, 2026. The Aegis Investment Fund PCC holds a non-promoter status concerning the target company, which is listed on the NSE and BSE Limited.Details of the shareholding before and after the acquisition are as follows:MetricBefore AcquisitionAcquired AmountAfter AcquisitionShares Held (Acquirer)1,192,348457,1421,649,490Percentage of Diluted Share Capital6.09%2.33%8.42%The acquisition transaction was executed through the open market. The shares acquired by...

Hardwyn India Ltd Holds H2 FY26 Earnings Call; Confirms Discussions Were Based on Public Information Hardwyn India Limited successfully hosted its H2 FY26 Earnings Call on Tuesday, June 02, 2026. The event provided stakeholders with insights into the company's performance and operational status during the second half of the fiscal year.The discussions conducted during the earnings call were structured around generally available information. Management confirmed that the proceedings did not contain any Unpublished Price Sensitive Information (UPSI), adhering to fair disclosure practices.For those interested in reviewing the corporate update, the audio recording of the H2 FY26 Earnings Call is available on the company's official...

Cambridge Technology Enterprises Ltd subsidiary struck off from MCA Register of Companies Cambridge Technology Enterprises Ltd has confirmed that its wholly owned subsidiary, N2T1 AI Solutions Private Limited, has been officially struck off the Register of Companies maintained by the Ministry of Corporate Affairs (MCA).The process involved the proposal for striking off the subsidiary, which was reviewed and approved by the Board of Directors of Cambridge Technology Enterprises at a meeting held on November 14, 2025. The subsidiary was subsequently struck off from the MCA register on June 1, 2026.The filing relating to this action noted that N2T1 AI Solutions Private Limited is among several companies whose names were struck off...

Bosch Limited Granted In-Principle Approval for Preferential Issue of Equity Shares Bosch Limited has received in-principle approval from stock exchanges concerning the issue of equity shares on a preferential basis to promoters. The approval relates to the issuance of 2,460 equity shares of face value Rs. 10/- each.The decision follows the receipt of letters from both National Stock Exchange of India Limited (NSE) and BSE Limited granting in-principle approval for the matter.Key details regarding the preferential issue include:DetailInformationCompanyBosch LimitedActionPreferential IssueShares Offered2,460 Equity SharesFace Value per ShareRs. 10/-Minimum Issue PriceNot less than Rs. 35,200/-The in-principle...