Markets

Bajel Projects Secures Mega EPC Order for EHV Substation Construction Bajel Projects Ltd has been awarded a substantial Mega EPC Order for the construction of an EHV Substation by Datacenter Client (Mumbai). The contract encompasses all stages of the substation project, including design, engineering, procurement, supply, erection, testing, commissioning, and performance testing.The order is classified as a Mega Order under the company's internal policy classification structure. This significant EPC contract involves a domestic entity for the construction of the 400/220/33 KV GIS Substation required for 'Data Center'. The project duration is set at 24 months from the commencement date.The details regarding the EHV Substation order...

Valiant Communications Receives Listing Approval for Preferential Allotment of Equity Shares Valiant Communications Ltd. has secured listing approval from BSE Ltd. regarding a recent preferential allotment of equity shares. The approval pertains to 2,50,000 Equity Shares that were allotted on May 7, 2026.The company received the Listing Approval dated June 2, 2026, concerning this share issue. These shares were issued to non-promoters on a preferential basis.Key details regarding the allotment are as follows:DetailValueNumber of Equity Shares Allotted2,50,000Date of AllotmentMay 7, 2026Face Value per ShareRs. 10/-Allotted Price per ShareRs. 768/-AllotteesNon-PromotersThe allotment was finalized under the...

Shilpa Medicare and Subsidiary Biocare Form Strategic Equity Partnership with Gate2Brain to Advance Brain Cancer Therapy Shilpa Biocare Pvt Ltd, a wholly-owned subsidiary of Shilpa Medicare Limited (BSE/NSE: SHILPAMED), has entered into a strategic equity partnership with Gate2Brain, S.L., a Barcelona-based biotechnology company. This move positions Shilpa as a key strategic shareholder and an integrated Contract Manufacturing and Development Organization (CDMO) and regulatory partner for G2B-002, Gate2Brain's lead candidate for brain cancer.The transaction involves the acquisition of a 30.4% equity stake in Gate2Brain. The total contribution for this equity stake amounts to Euro 7 million. The consideration details include a cash...

Corona Remedies Ltd Schedules Non-Deal Roadshow (NDR) in Singapore Corona Remedies Ltd has announced a schedule for its officials to participate in a Non-Deal Roadshow (NDR) designed to meet investors. The roadshow is being organized by IIFL Capital, with meetings scheduled in Singapore over two days.The company's officials will engage with investors during the NDR, which focuses on discussions based purely on publicly available information.Key details of the investor meeting are as follows:Date and TimeOrganizerMeeting TypeLocationJune 08, 2026 and June 09, 2026 (09:00 A.M. SST onwards)IIFL Capital1x1 MeetingSingaporeDuring these meetings, the company has confirmed that no unpublished price sensitive information (UPSI)...

VKAN & Associates Resign as Statutory Auditors of Coretec Engineering India Private Limited M/s V K A N & Associates, Chartered Accountants, has tendered their resignation as the Statutory Auditors of Coretec Engineering India Private Limited, a material subsidiary of Yuken India Ltd. The resignation is effective from the close of business hours on June 2, 2026.The firm cited pre-occupation and professional responsibilities in other fields as the reason for the resignation. M/s V K A N & Associates stated that they were unable to devote the requisite time, manpower, and resources necessary to continue discharging their duties as Statutory Auditors for the ensuing financial year 2026-27 and the remainder of their tenure.Coretec...

Ceinsys Tech Limited Reports Strong FY26 Consolidated Results with Revenue Rising 58% Ceinsys Tech Limited has announced its consolidated financial results for the fiscal year ending March 31, 2026. The company reported significant growth across several metrics, driven by its core business segments and strategic operational focus in geospatial AI solutions.The consolidated financial performance for FY26 shows a substantial increase in top-line revenue and profitability compared to the previous fiscal year.Consolidated Financial Performance (FY26) For the full fiscal year 2026, Ceinsys Tech Limited reported consolidated operational revenue of INR 6,607 Million. This represents a 58.0% growth compared to FY25. The company generated an...

SEBI Issues Massive Demand Notice: Four Individuals Face Over ₹24 Crore Liability in Sunchan Securities Matter Regulatory Action Intensifies as SEBI Demands Disgorgement and Recovery The Securities and Exchange Board of India (SEBI) has issued a critical Notice of Demand dated June 02, 2026. The notice addresses four individuals—Ashok Daswani, Kanchan Mansinghani, Sunil Mansinghani, and Surendra Gama Yadav—in connection with the matter involving Sunchan Securities Limited. This action underpins regulatory scrutiny concerning past financial conduct within the securities market.The certificate pertains to the recovery of funds as stipulated by Section 28A of the SEBI Act, 1992, read with Section 222 of the Income Tax Act, 1961. The...

Vedanta Ltd Offices Visited by Enforcement Directorate in FEMA Probe Vedanta Ltd has confirmed that the Enforcement Directorate (ED) team conducted searches at some offices belonging to the company and its subsidiary, Hindustan Zinc Limited.According to the update, the ED team’s visits relate to a probe concerning FEMA regulations, drawing attention to news items that appeared in the media regarding searches against the Vedanta Group.The company stated that it is extending its full cooperation to the investigating authorities and is providing all the information that has been sought.Vedanta Ltd confirmed that the proceedings initiated by the authorities are currently underway.

Lippi Systems Ltd. Announces Mandatory Open Offer for Acquisition of Public Shares Lippi Systems Limited has announced a mandatory Open Offer by a consortium of individuals, collectively referred to as the Acquirers. The offer aims to acquire a significant portion of the company's public shareholding, triggering the open offer obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.The Open Offer targets the acquisition of up to 33,82,231 fully paid-up equity shares, representing 25.05% of the Expanded Share Capital of Lippi Systems Limited. The proposed offer price stands at ₹ 56.84 per Equity Share, payable in cash. Under the assumption of full acceptance, the total consideration value for the Open...

DSM Fresh Foods Ltd. Approves 100% Stake Acquisition in Avyom Foodtech, Appoints New Secretarial Auditor DSM Fresh Foods Ltd. announced material corporate decisions following its Board meeting held on June 02, 2026. The Board approved the appointment of Harish Kumar & Associates as the Secretarial Auditor and ratified a strategic investment aimed at increasing its stake in Avyom Foodtech Private Limited to 100%.The board meeting reviewed the company's structure and future strategic direction, solidifying its presence within the food processing and allied sector through the proposed acquisition.Governance and Compliance Update During the meeting, the Board of Directors also approved the appointment of Harish Kumar & Associates...

Wipro Makes Annual Report on Form 20-F for Year Ended March 31, 2026, Available Online Wipro Limited, a technology services and consulting company, has made its Annual Report on Form 20-F for the year ended March 31, 2026, accessible online for its stakeholders. The company confirmed that the report was submitted to the U.S. Securities and Exchange Commission on June 2, 2026, U.S. time.The financial statements included in the Form 20-F for the year ended March 31, 2026, were prepared in accordance with International Financial Reporting Standards (IFRS). The comprehensive Annual Report is available on the official Wipro Limited website.For its American Depository Shares (ADS) holders, Wipro will furnish the report through its...

Marvel Decor Limited Secures International Purchase Order Worth INR 1.17 Crore Marvel Decor Limited has secured a purchase order worth INR 1.17 Crore from an international entity in the Middle East. The contract pertains to the supply and installation of motorized blinds, marking a significant international revenue development for the company.The regular purchase order was received from Middle East Speciality of Marvel. The scope of work involves the supply and installation of Motorized Roller Blinds with Slant Window for Slant Window applications.The order is categorized as an international transaction, with the total consideration set at INR 1.17 Crore. Marvel Decor Limited expects the execution of this order within a three-month...

ITI Limited Issues Corrigendum on Audited Financial Results for Quarter and Year Ended March 31, 2026 ITI Limited today issued a corrigendum regarding its Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026. The notice addresses clerical and typographical errors identified in the Statement of Consolidated and Standalone Quarterly audited Financial Results for the Fourth Quarter (Q4) of the year ended March 31, 2026.The Company stated that these errors arose during the derivation of balancing figures between the full financial year audited figures and the published year-to-date unaudited figures up to the third quarter and nine months ended for the period up to December 31, 2025, concerning certain...

Saraswati Saree Depot Reports FY26 Results; Revenue Hits ₹631.16 Crore, Strengthens Cash Position Kolhapur, May 30, 2026: Saraswati Saree Depot Limited, a leading organized saree wholesaler with a business history dating back to 1966, announced its audited financial results for the fourth quarter and the full year ended March 31, 2026.The company reported a Revenue from Operations of ₹631.16 crore for FY26.Financial Performance Snapshot The company's consolidated financial results highlight the following operational and profitability figures for Q4 and the full fiscal year:Particulars (Rs. Cr.)Q4 FY26Q4 FY25FY26FY25YoY%Revenue from Operations133.53136.35631.16603.594.6%EBITDA (Excluding Other...

EPack Prefab Technologies Secures Material Purchase Order for Cell and Module Manufacturing EPack Prefab Technologies Limited announced the receipt of a material purchase order, significantly bolstering its business pipeline. The order, which is considered material by the authorized Key Managerial Personnel, details the scope for Cell and Module manufacturing, including PEB Works and associated erection services.The transaction, valued at Rs. 1,64,99,97,420/- (Rupees One Hundred and Sixty Four Crores Ninety Nine Lakh Ninety Seven Thousand Four Hundred and Twenty only) excluding taxes, originates from a domestic customer. Due to confidentiality and commercial considerations, the name of the customer was not disclosed.The scope of the...

Restaurant Brands Asia Limited Finalizes Preferential Issue of Shares and Warrants Restaurant Brands Asia Limited announced that its Fund Raising Committee approved a preferential issue of securities to four major investors. The allotment, which took place following the receipt of approval from the Competition Commission of India on May 20, 2026, included shares and warrants for cash consideration.The Fund Raising Committee meeting was held on June 02, 2026. The issue provided capital through multiple tranches to Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, and Mr. Aayush Madhusudan Agrawal.The allotment comprised Subscription Shares and Subscription Warrants, totaling the 'Preferential...

ITAT Dismisses Appeals, Dismissing Tax Demand in Cases of Interest Payments Fusion Finance Limited, formerly known as Fusion Micro Finance Limited, announced that the Income Tax Appellate Tribunal (ITAT), New Delhi, has dismissed appeals filed by the Income Tax Officer (ITO). The orders concern assessments for the financial years 2020-21 and 2021-22, regarding tax deductions on interest payments made to foreign Non-Convertible Debenture (NCD) holders.The dispute centers on the alleged non-deduction or lower deduction of tax on interest payments. It was alleged that the interest payment should attract tax withholding at 20% plus cess and surcharge under Section 196D read with Section 115AD of the Act, instead of the tax already...

Libas Consumer Products Ltd. Board Approves Right Issue to Raise Up to ₹14.50 Crore Libas Consumer Products Limited announced that its Board of Directors, meeting on Tuesday, June 2, 2026, approved a significant fundraising initiative through a rights issue of equity shares. The company also constituted a dedicated committee to manage the process.The Board approved the raising of funds by issuing equity shares of the company with a face value of ₹10 per share. The proposed aggregate amount for this rights issue does not exceed ₹14.50 crore (Rupees Fourteen crore fifty lakh only). The issue will be offered to the eligible equity shareholders of the company.The details regarding the proposed securities issuance are as follows...

IndiGo Temporarily Halts Manchester Flights Amid Airspace Constraints and Rising Operating Costs National, June 2, 2026 - IndiGo has announced the temporary discontinuation of its flight operations to and from Manchester, effective August 31, 2026. The airline stated that this decision was necessitated by continued international airspace constraints, which have led to significantly increased flight durations and a challenging operational cost environment.As a result of the withdrawal, IndiGo plans to return one of the six Boeing 787-9 Dreamliner aircraft, which were taken on a damp/wet lease, to Norse Atlantic Airways. The airline confirmed that all its remaining long-haul flights will continue to operate as planned.IndiGo had...

Libas Consumer Products Approves Financial Results, Plans Right Issue of Shares Libas Consumer Products Limited announced significant corporate and financial updates following a Board meeting held on June 2, 2026. The Board approved the audited financial results for the quarter and financial year ended March 31, 2026, alongside key strategic decisions including a planned fundraise via a rights issue and an increase in authorized share capital.Key Financial Approvals and Strategic Initiatives The Board of Directors approved the Audited Financial Results for both standalone and consolidated entities for the quarter and financial year ended March 31, 2026.In terms of corporate funding, the Board also sanctioned the raising of funds by...