Markets

Ramesh Gopal Trasi Resigns as CFO of RIR Power Electronics; Retains CTO Role RIR Power Electronics Ltd has announced that Mr. Ramesh Gopal Trasi has resigned from his position as Chief Financial Officer (CFO). The resignation, which is effective from June 2, 2026, was tendered due to pre-occupation with other roles and responsibilities.In a statement regarding the change in leadership, Mr. Trasi confirmed that he remains willing to continue serving the company as Chief Technology Officer (CTO). He expressed gratitude to the Company and the Board of Directors for their support during his tenure at RIR Power Electronics Ltd.The CFO’s resignation is attributed solely to pre-occupation with other roles and responsibilities. As reported...

PIPAN OILS Ltd Seeks Reclassification of Promoters Group Member to Public Category The company, operating under the name of PIPAN OILS LIMITED (formerly Omansh Enterprises Limited), has filed an application seeking the reclassification of certain members from the 'Promoter and Promoter Group' category to the 'Public' shareholder category. This action relates to changes in shareholding status within the company.A specific member, Raconteur Granite Limited, is listed among those whose classification is subject to this review. The details concerning the member and their holding are as follows:NameShareholding (No. of Equity shares held)Shareholding in%Raconteur Granite Limited5,00,0002.85The filing provides information...

PAN HR Solution Ltd updates Corporate Identification Number and Listing Status in MCA Master Data PAN HR Solution Limited has updated key corporate details, including its Corporate Identification Number (CIN) and listing status, within the Ministry of Corporate Affairs (MCA) Master Data following its listing on the BSE SME Platform.The company, which was previously known as PAN HR Solution Private Limited, officially transitioned its CIN from U74120UP2015PLC075271 to L74120UP2015PLC075271. Concurrently, the listing status in the MCA Master Data has been revised from 'No' to 'Yes'.The company is categorized as a Public, non-government company limited by shares and maintains an Active Compliant status.Key corporate details of PAN HR...

Sunrakshakk Industries India Ltd Schedules Q4 FY26 Earnings Conference Call Sunrakshakk Industries India Ltd has scheduled an Analyst/Investor conference call concerning the results for the fourth quarter of Fiscal Year 2026 (Q4 FY26). The event is set to take place on Wednesday, June 03, 2026.The company announced that the Q4 FY26 Earnings Conference Call will be conducted virtually. Key details regarding the conference call have been released, outlining the date, time, and mode of participation.Schedule DetailInformationDate of MeetingJune 03, 2026Time3:00 PM (IST)Type of EventQ4 FY26 Earnings Conference CallLocationBhilwaraMode of MeetingOver CallThe conference call is intended for analysts and investors to...

Infomerics Upgrades Patel Engineering Ltd.'s Credit Rating Following Review of Operations and Finances Patel Engineering Ltd. has received a credit rating upgrade from Infomerics Valuation and Rating Private Limited following a comprehensive review of the company's operational and financial performance for FY26. The ratings cover both bank facilities and Optionally Convertible Debentures (NCDs).The revised ratings reflect an improved credit standing, with key figures presented as follows:Instrument TypePrevious RatingCurrent/Revision RatingRating ActionRegulatorLong Term Rating (Bank Facilities)IVR A-IVR A/StableUpgradedRBIShort Term Rating (Bank Facilities)IVR A2+IVR A1UpgradedRBIThe ratings for bank facilities were...

Marsons Ltd Secures Letter of Intent Worth ₹31 Crore from AEGCL for Power Transformer Supply Marsons Limited has received a Letter of Intent (LoI) valued at ₹31,26,70,500.00 (including GST) from Assam Electricity Grid Corporation Limited. The contract pertains to the supply of 132/33kV, 50MVA Power Transformers and Related Services for various substations under Package-T-3.The agreement involves the domestic supply of critical infrastructure components and associated services. The LoI details the requirements for Durlavcherra, Karimganj, and Srikona Substations of AEGCL.The contract execution period is set for 12 months. According to the terms provided, the order falls under domestic supply, and there is no reported interest by the...

Man Infraconstruction Limited Receives Occupancy Certificate for Aaradhya Parkwood Towers C and D Man Infraconstruction Limited (MICL) has achieved a significant milestone with the receipt of the Occupancy Certificate (OC) for Tower C and Tower D of Aaradhya Parkwood, its premium residential development. This achievement marks the company’s 20th project to be delivered on time.The successful completion of the towers comes approximately 31 months ahead of schedule and within four years of the project launch.Aaradhya Parkwood is described as a blend of city convenience and natural calm, located near Dahisar Check Naka and adjacent to Singapore International School. The development spans approximately 2.5 acres and features an...

Directorate of Enforcement Conducts Search at Hindustan Zinc Ltd Premises Hindustan Zinc Limited has confirmed that the Directorate of Enforcement conducted a search operation at its premises regarding an investigation under the Foreign Exchange Management Act, 1999.The company stated that the search operation was initiated by the Directorate of Enforcement on June 01, 2026, and concluded on June 03, 2026, at 04:10 AM.A review of the investigation details indicates that the action is related to an inquiry under the Foreign Exchange Management Act, 1999. The operational aspects of the matter are detailed below:ParticularsDetailsName of the listed entityHindustan Zinc LimitedType of investigation receivedInvestigation under...

Crisil Ratings Updates Anupam Rasayan India Ltd; Assigns A+/Watch for Debentures Anupam Rasayan India Limited (ARIL) received a rating update from Crisil Ratings Limited concerning its corporate profile and debt instruments. The ratings reflect the company's established market position, diversification efforts, and ongoing operational challenges amid significant revenue growth in the chemicals sector.Crisil Ratings assigned specific ratings for ARIL's long term and short term facilities, as well as for non-convertible debentures (NCD), after reviewing the company's financial stability and business risk profile. The agency also noted an enhancement to the total bank loan facilities under review.The key rating metrics provided by...

Pine Labs Completes Voluntary Strike-Off of Subsidiary Mopay Services Private Limited Pine Labs Limited has confirmed the voluntary strike-off of its subsidiary, Mopay Services Private Limited (MSPL), stating that MSPL now stands dissolved.The Registrar of Companies has formally struck off the name of MSPL from the Register of Companies. This action was completed with effect from June 1, 2026.Pine Labs previously informed stock exchanges regarding the approval for this voluntary strike-off of the subsidiary.PINELABS Stock Price Movement Shares of Pine Labs Limited are shedding 1.38% in live trading, currently resting at ₹140.85 as of 1:45 PM. The stock has experienced significant movement today amid a traded volume exceeding 12...

Anka India Ltd Reports High Support for Multiple Board Appointments Following Remote E-Voting Anka India Limited announced today that all resolutions put forth during its recent Postal Ballot process have been passed by the company members with the requisite majority following remote e-voting. The voting period spanned from May 4, 2026, to June 02, 2026, as reported by the Scrutinizer.The successful outcomes include key appointments of directors to the management structure of Anka India Ltd. The resolutions covered the appointment of Mr. Spark Sood and Mr. Dilip Kumar Choudhary as Independent Directors, Mrs. Sonal Jain as an Independent Director, and Mr. Rahul Sharma as a Non-Executive Non-Independent Director.The scrutinizer's...

Non-Executive Directors Resign from Delphi World Money Ltd Two non-executive directors of Delphi World Money Limited tendered their resignation with immediate effect, citing personal commitments and professional priorities, as announced on June 03, 2026.The two executives who resigned are Mr Arun Batra (DIN: 06500891) and Mr Chaganti Samba Murty (DIN: 10670239). Both were identified as Non-executive, Non-independent Directors of the company. Their resignations became effective from the closure of business hours on June 03, 2026.The directors confirmed that their resignation was based solely on personal commitments and other pre-occupations, stating there are no material reasons or concerns with the Company, its management, or the...

Cryogenic OGS Subsidiary Secures Order from FIMER India for Busbar Kits Valued at ₹12.58 Crore Cryogenic Ogs Limited, a company specializing in Oil and Gas Solutions and formerly known as Cryogenic Liquide Pvt. Ltd., has seen its subsidiary, Infravolt Engineering Private Limited, secure a significant order from Fimer India Private Limited. The contract involves the supply of Busbar Kits for Power Modules, representing a strategic move toward diversification within India's renewable energy ecosystem.The order was received by the company on June 2, 2026. This agreement with the domestic entity FIMER INDIA PRIVATE LIMITED details the procurement of high precision components critical to advanced solar inverter products manufactured by...

Diamond Power Infrastructure Commissions Eighth MV/EHV Cable Production Line in Gujarat; plans 10 total lines Diamond Power Infrastructure Limited (DPIL) has announced the successful commissioning of its eighth Medium Voltage (MV) / Extra High Voltage (EHV) Power Cable Production Line at its advanced manufacturing facility in Vadodara, Gujarat. This milestone strengthens the Company's capabilities in the technologically intensive segment of MV and EHV underground power cables.The production lines are crucial for manufacturing cables used across various critical infrastructure sectors, including power transmission networks, power generation projects, renewable energy evacuation systems, urban underground distribution networks, metro...

Warrants Lapse for JHS Svendgaard Retail Ventures Limited; 60,71,357 Warrants Forfeited JHS Svendgaard Retail Ventures Limited reported that a portion of its Fully Convertible Warrants have lapsed, resulting in the forfeiture of upfront subscription amounts equivalent to ₹ 7,58,91,962.50. This action follows the lapse of 60,71,357 warrants after investors failed to complete the conversion process within the stipulated time frame.The company had previously allotted a total of 77,71,357 Fully Convertible Warrants at an issue price of ₹ 50 per warrant on a preferential basis. These warrants were initially issued following an earlier intimation from the company.As per the terms of issuance, holders of the warrants were required to...

Diamond Power Infrastructure Ltd. Commissions 8th MV/EHV Power Cable Line, Boosts Capacity by 150 kms per Month Diamond Power Infrastructure Ltd. has successfully commissioned its eighth MV/EHV Power Cable Production Line at its advanced manufacturing facility located in Vadodara, Gujarat. This expansion reflects the company's ability to meet growing industry demand.The commissioning of this new line marks a significant step in the company’s infrastructure growth. The investment into this capacity addition totaled Rs 30 cr and was financed entirely through internal accruals. The primary rationale cited for the expansion is the increasing demand for the product within the market.The operational update provides key details regarding...

Sahara Housingfina Corporation Ltd Announces Audited Financial Results for Fiscal Year Ended March 31, 2026 Sahara Housingfina Corporation Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company's performance across both standalone and consolidated figures showed specific trends for the period.The reported Standalone financials reflect key metrics such as Total Income from Operations and Net Profitability before and after tax. Furthermore, the company provided a comprehensive view through its Consolidated results, which included various periods of comparison.Key financial indicators from the Audited Financial Results for the year ending March 31, 2026 are presented below...

Aryaman Financial Services Allocates Shares in Rights Issue, Realizing Rs 79,99,920 Investment Aryaman Financial Services Limited has completed a transaction through a Rights Issue, securing its investment and control in Aryaman Finance (India) Limited. The company allotted 55,555 equity shares to realize the investment, driving strategic growth across its business operations.The allotment of equity shares by Aryaman Financial Services Limited was executed on June 03, 2026. The transaction involved issuing 55,555 equity shares at an issue price of Rs 144 per share. These shares consist of a face value of Rs 10 and a premium of Rs 134 per Equity Share.The total cash consideration realized for the investment amounted to Rs...

Jainik Power Cables Achieves Approved Vendor Status with APSPDCL for Aluminium Products Jainik Power Cables Limited has attained significant growth recognition after being officially registered as an Approved Vendor with Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL), one of India's leading state power distribution utilities. This milestone authorizes the company to participate in APSPDCL procurement programs and supply a range of critical power distribution products.The approval follows a comprehensive technical evaluation, manufacturing capability assessment, quality verification process, and successful vendor registration review conducted by APSPDCL.Jainik Power Cables Limited is now authorized to supply...

Acquirers Announce Open Offer for Lippi Systems Ltd Shares at ₹56.84 Per Share The proposed open offer by Vinesh Shivji Dholu, Jagdish Shivji Dholu, Shivji Karamshi Dholu, Jagruti Vinesh Dholu, and Parul Jagdish Dholu to the public shareholders of Lippi Systems Limited (Lippisys) is set at ₹ 56.84 per equity share. This offer aims to acquire up to 33,82,231 Equity Shares, representing the entire public shareholding constituting 25.05% of the Expanded Share Capital of the company.The acquisition targets a total consideration amounting to ₹ 19,22,46,010.04 in case of full acceptance. The offer period is scheduled to commence on Friday, July 10, 2026, and conclude on Thursday, July 23, 2026.Underlying Transactions and Offer Details The...