Markets

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...

Kalpataru Limited Withdraws Scheme of Arrangement for Demerger of Project Magnus Kalpataru Limited announced on June 2, 2026, the withdrawal of a previously approved Scheme of Arrangement concerning the demerger of Project Magnus. This decision followed a meeting of the Company’s Executive Committee.The Scheme of Arrangement was originally approved by the Board of Directors at a meeting held on January 22, 2024. The plan outlined the demerger of Project Magnus, situated in Bandra east, Mumbai, from Kalpataru Properties Limited, which is a wholly owned subsidiary of the Company. The demerged undertaking was slated to move into Kalpataru Limited, resulting in the formation of a Resulting Company, and was intended for the benefit of the...

Mamata Machinery Secures European Patent for Multi-Purpose Sealing Module Mamata Machinery Limited, a global provider of flexible packaging solutions, has announced the successful grant of a patent in the European Union for its invention, the Multi-Purpose Sealing Module.The patent, which covers the sealing module for plastic film based bags and pouches making machines, was granted under European Patent No. 4467325 (EP 4467325 B1). The grant was published on May 13, 2026. Mamata Machinery Limited confirmed that this technology is already patented in India, and a corresponding application has also been filed in the United States.The securing of the EU patent allows Mamata to offer this sealing solution to customers across the...

Ajax Engineering Limited Announces CFO Transition Following Board Meeting Ajax Engineering Limited, which was previously known as Ajax Engineering Private Limited, announced key changes in its top finance leadership following its Board of Directors meeting held on June 2, 2026. The board took note of the resignation of Mr. Ganesh B J as the Interim Chief Financial Officer and appointed Mr. Ketan Pendse as the new Chief Financial Officer.Mr. Ganesh B J stepped down from the interim CFO role, noting that the purpose of the assignment, which was intended to provide leadership and continuity during the transition to a permanent CFO, has now been fulfilled. The resignation was effective with immediate effect on June 2, 2026.The Company...

HRH Next Services Limited Signs Two-Year Agreement for Call Center Services with Chai Shots Private Limited HRH Next Services Limited has entered into a Call Center Services Agreement with Chai Shots Private Limited. The agreement outlines the provision of specialized services by HRH Next Services Limited to cater to the prospective customer base of Chai Shots Private Limited.The primary purpose of the agreement is for HRH Next Services Limited to provide Outbound Call Center services to Chai Shots Private Limited. According to the details of the agreement, there is no existing shareholding connection between the two parties.The significant terms established under the contract set clear operational parameters, including the...

Axel Polymers Reports Audited Financial Results for Q4 and Fiscal Year 2026 Axel Polymers Ltd. announced its audited financial results for the fourth quarter and the full year ended March 31, 2026, following approval by the Board of Directors on June 2, 2026. The company released the annual audited financial results, along with related statements, including the Balance Sheet and Cash Flow Statement.The statutory auditors for Axel Polymers Ltd. are Mukund & Rohit, Chartered Accountants. The company noted that the audit report issued for the results for the quarter and year ended March 31, 2026, carries an unmodified opinion.Financial Performance Summary The financial results for the quarter and year ended March 31, 2026, indicate the...

Regency Fincorp Ltd Raises ₹35 Crore Through NCD Transactions, Secures Further ₹25 Crore Option Zirakpur-based NBFC Regency Fincorp Limited is pursuing a strategic debt fundraising effort, aggregating ₹35 crore through NonConvertible Debentures (NCDs), alongside a greenshoe option of ₹25 crore. The company intends to utilize these proceeds for its general corporate purposes, expanding its onward lending business, and supporting the growth of its loan portfolio.The fundraising plan involves two primary tranches. The initial transaction for ₹10 crore was executed on June 2, 2026, with the funds sourced from LC Venture Debt Fund. The second tranche, comprising a base issue size of ₹25 crore, is proposed for the third week of June. This...

Wipro IT Services Subsidiary Completes Acquisition of Additional 20% Stake in Aggne Global Inc. Wipro Ltd reported that its subsidiary, Wipro IT Services, LLC, has completed the acquisition of an additional 20% stake in Aggne Global Inc.The transaction confirmed that Wipro IT Services, LLC successfully acquired the additional equity stake in Aggne Global Inc. This completion occurred on June 1, 2026.Previously, the company had noted that this transaction was expected to be finalized by June 5, 2026. Wipro Ltd received intimation of the completion of the stake acquisition on June 2, 2026.WIPRO Stock Price Movement Today, Wipro Limited shares edged higher, gaining 1.79% to close at ₹209.84. The stock saw significant trading volume...

BSE Limited Announces Key Leadership Changes, Appoints Executive Directors BSE Limited announced several key personnel changes following the Board of Directors meeting held on June 2, 2026. The Board approved the appointment of Shri Gopalan S. Raghavan as Executive Director for Regulatory, Compliance, Risk Management and Investor Grievance (Vertical-2), and appointed Ms. Geetha Gangadharan as the new Chief Regulatory Officer.In a separate matter, the Board also accepted the resignation of Ms. Kamala Kantharaj from her role as Chief Regulatory Officer and approved her redesignation. Furthermore, the company shortlisted names for the post of Executive Director for Vertical 3, which are being recommended to the Securities and Exchange...

Axel Polymers Ltd Approves Financial Results and Reappoints Internal Auditor Axel Polymers Limited announced key corporate approvals following its Board of Directors meeting held on June 2, 2026. The Board reviewed and approved the audited financial results for the fourth quarter and the year ended March 31, 2026. Additionally, the company confirmed the reappointment of M/s. Chirag Bhatt & Associates as the Internal Auditor for the financial year 2026-27.Audited Financial Results and Audit Opinions The company's audited financial results for the quarter and year ended March 31, 2026, provide a comprehensive view of the company's financial performance. The results are reported in lakhs (Rs. in Lacs).The annual audited financial...

Acquirers Launch Open Offer for Reliable Ventures India Limited, Seeking 26% Stake On June 02, 2026, a public announcement was made regarding an open offer by a group of acquirers, including Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. The offer aims to acquire up to 28,63,354 equity shares, representing 26% of the voting share capital of Reliable Ventures India Limited.The acquisition of shares is being made at a price of ₹21.00 per offer share, payable in cash, and the offer is structured as a mandatory offer not subject to any minimum level of acceptance.Open Offer Details The Acquirers are making the open offer to the public shareholders of Reliable Ventures India...

Onix Solar Energy Completes Allotment of Rights Issue Shares, Boosts Paid-up Capital Onix Solar Energy Ltd, formerly ABC Gas (International) Limited, successfully completed the allotment of shares through its Rights Issue, significantly increasing its paid-up equity share capital. The allotment of up to 1,17,97,736 fully paid-up equity shares was confirmed on June 2, 2026.The company had previously announced the Rights Issue of equity shares, each having a face value of Rs. 10. The issue was priced at Rs. 51 per rights equity share, which includes a premium of Rs. 41. The total aggregated value of the rights issue reached up to ₹ 6016.85 Lakhs.The Rights Issue offer was active from May 25, 2026, and concluded on June 1, 2026. The...

B2B Software Technologies Receives Work Order from Learnovate Technologies for ERP Implementation B2B Software Technologies Ltd has secured a significant International Purchase Order from Learnovate Technologies Limited, aggregating to USD 1,62,754. The contract involves the implementation of Microsoft Dynamics 365 Business Central ERP for Kongoni River Farm Limited, spanning operations in Kenya and Ethiopia.The work order covers comprehensive support services, including full ERP implementation, data migration, user acceptance testing (UAT), staff training, go-live support, and subsequent hypercare support. Additional services included in the scope are Annual Maintenance / Offsite Support, amounting to 500 man hours per year...

Vedanta Limited and Subsidiary Face Enforcement Directorate Visit Vedanta Limited confirmed that its offices, along with those of its subsidiary Hindustan Zinc Limited, were visited by the Enforcement Directorate team.According to the statement, the company stated that it is extending full cooperation to the authorities and is providing all the information that has been sought by the team.VEDL Stock Price Movement Vedanta Limited shares today slipped by 1.05% to settle at ₹333.55, shedding ₹3.55 in the session. The equity saw significant activity, recording a total traded volume of 30.25 million shares.

Mamata Machinery Limited Receives European Patent for Multi-Purpose Sealing Module Mamata Machinery Limited announced the successful grant of a patent for a key invention developed by the company. The intellectual property was awarded by the European Patent Office (EPO).The European Patent Office granted the patent for an invention titled 'MULTI-PURPOSE SEALING MODULE FOR PLASTIC FILM BASED BAGS'.Mamata Machinery Limited confirmed that the European patent was granted under the number 4467325 B1, with the grant date being May 13, 2026.MAMATA Stock Price Movement Mamata Machinery Limited shares today slipped by 3.35% to close at ₹373.6. Trading saw a volume of 156,922 shares, with the stock finding support near the day's low of ₹371.1.