Markets

Consecutive Commodities Ltd Approves Rights Issue of Equity Shares Consecutive Commodities Limited, formerly known as Consecutive Investments & Trading Company Limited, announced that its Board of Directors approved the terms of a Rights Issue of Equity Shares. The Board meeting was held on Tuesday, June 2, 2026.The Board considered and approved the terms for the issuance of fully paid-up Equity Shares designated as 'Rights Equity Shares' through a Rights Issue.A detailed overview of the Rights Issue includes the following key parameters:DetailSpecificationValueType of IssueRights Issue of Fully paid-up Equity SharesN/ATotal Securities ProposedEquity Shares48,04,50,000Face Value & Issue PriceRs. 1.00/- per Equity...

Prozone Realty to Disinvest Stakes and Hive Off Assets into SPVs Prozone Realty Ltd has announced major restructuring plans, confirming shareholder approval for the disinvestment of its stakes in several material subsidiaries and the hiving off of specific land assets. The company plans to sell significant mall assets to Inorbit Malls (India) Private Limited or its affiliate.The key resolutions, passed by the members of the company through a postal ballot on May 29, 2026, authorize the disinvestment process and restructuring required for the sale.Transaction Details and Consideration The company proposes to sell 'Mall Assets' located in its key subsidiaries. The total consideration for the disinvestment of Identified Subsidiaries is...

Marine Electricals Appoints United Branding Solutions as Investor Relations Advisor Marine Electricals (India) Limited announced on June 2, 2026, the appointment of United Branding Solutions (UBS) as its Investor Relations Advisory Service. The engagement is effective immediately, supporting the Company’s ongoing efforts to strengthen its investor engagement framework and enhance transparency in its capital markets communication.The selection of United Branding Solutions is part of the company's strategy to enhance its investor outreach and align its overall capital markets communication initiatives.The investor relations advisor, United Branding Solutions, is registered at S.B. Marg Dadar West, Mumbai City, Maharashtra 400028.The...

Picturepost Studios Limited Appoints Ms. Urvashi Dilip Maharshi as Independent Director Picturepost Studios Limited announced the appointment of Ms. Urvashi Dilip Maharshi as an Additional Director, serving in the category of Non-Executive Independent Woman Director. The decision was approved by the Company’s Board of Directors at a meeting held on June 02, 2026.Ms. Urvashi Dilip Maharshi, holding DIN: 09711176, takes on the role with effect from June 02, 2026. The appointment is structured for a term of five consecutive years, commencing on June 02, 2026, and concluding on June 02, 2031, and is subject to the final approval of the Company's shareholders.The board approved the appointment following careful consideration, confirming...

Ganesh Green Bharat Secures Order from Neosol Technologies for Solar PV Modules Ganesh Green Bharat Limited, formerly known as Ganesh Electricals Private Limited, announced the receipt of a Purchase Order for the supply of specialized solar equipment. The order comes from Neosol Technologies Private Limited, solidifying the company's position in the domestic renewable energy supply chain.The company confirmed the receipt of the purchase order for the supply of Solar PV modules Bifacial 550W. The transaction is designated as a domestic entity order.The details regarding the contract awarded are outlined below:ParticularsDetailsAwarding EntityNeosol Technologies Private LimitedNature of OrderSupply of Solar PV modules...

Elpro International Acquires 92,000 Equity Shares in Jana Small Finance Bank Elpro International Ltd has acquired equity shares in Jana Small Finance Bank Limited, marking an investment in the Banking and Financial Services sector. The acquisition is stated to be for an investment purpose.The cost of this acquisition stands at INR 4.48 Crores, and the transaction involves cash consideration. Through the purchase, Elpro International Ltd's holding increased by 92,000 Equity Shares, bringing its total holding to 92,000 Equity Shares.Details of Jana Small Finance Bank Limited Jana Small Finance Bank Limited is established in the banking and financial services industry. The bank, incorporated on July 24, 2006, is noted as the fourth...

Promoter to Exercise Oversubscription Option for NHPC Limited Equity Shares Offer NHPC Limited is set to undergo a substantial offer for sale (OFS) of its equity shares by its promoter, the President of India, acting through the Ministry of Power, Government of India. The promoter intends to exercise the Oversubscription Option, resulting in a total offer size of 60,27,02,088 Equity Shares, representing 6.00% of the company’s total paid-up equity share capital as of March 31, 2026.The initial proposal included a Base Offer Size of 3.00% of the paid-up equity share capital, equivalent to 30,13,51,044 Equity Shares. By exercising the Oversubscription Option, the total offer size increases to include up to an additional 30,13,51,044...

Advait BESS Secures 150 MW/300 MWh Standalone Energy Storage Project with GUVNL Advait BESS Bhesaan Private Limited, a subsidiary of Advait Energy Transitions Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreement covers the development of a standalone Battery Energy Storage System (BESS) Project with an aggregate capacity of 150 MW/300 MWh.The BESPA was executed on June 1, 2026. This transaction follows a tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, which was supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).Under the terms of the agreement, Advait BESS Bhesaan Private Limited will...

Hexaware Enhances Agentverse™ AI Platform with Advanced Governance and Scaling Capabilities Hexaware Technologies, a global provider of IT solutions and services, has announced significant governance, development, and lifecycle management enhancements to Agentverse™, its enterprise AI agent platform. These updates aim to help businesses overcome major hurdles associated with deploying and scaling AI, moving organizations beyond experimental pilot phases toward achieving tangible, scalable outcomes.The enhancements address the growing challenge faced by enterprises—remaining stuck in pilot programs due to difficulties in securely scaling AI operations, effectively governing AI processes, and ensuring alignment with core business...

Delhivery Incorporates Wholly Owned Subsidiary, Delhivery Fintech Distribution Private Limited Delhivery Limited announced the successful incorporation of a new wholly owned subsidiary. The Ministry of Corporate Affairs (MCA) approved the establishment of the subsidiary, named Delhivery Fintech Distribution Private Limited, on June 2, 2026.The incorporation follows the prior approval granted by the Company’s Board of Directors. This strategic move establishes Delhivery Fintech Distribution Private Limited as the new subsidiary entity.DELHIVERY Stock Price Movement Delhivery Limited shares today edged higher, settling at ₹437.95, following a gain of 0.37%. The stock saw significant market interest, with a total volume of 1.69 million...

Shraddha Prime Projects Ltd. Board Approves Key Director Appointments and Reappointments Shraddha Prime Projects Ltd. (formerly known as Towa Sokki Limited) announced the outcome of its Board Meeting held on June 2, 2026. During the meeting, the Board of Directors approved several critical resolutions concerning the company's management and board structure.The Board meeting confirmed the appointment of Mr. Vinay Madhukar Nayak as a Non-Executive NonIndependent Director. Furthermore, the Board approved the recommendation for the reappointment of Mr. Sudhir Balu Mehta as Managing Director and the reappointment of Mrs. Shivangi Datta as an Independent Director. All three appointments are subject to the approval of the Shareholders at the...

Shri V. Packirisamy Appointed Director (Commercial) on the Board of Power Finance Corporation Limited Power Finance Corporation Limited (PFC), a Government of India Undertaking, announced the assumption of charge of Shri V. Packirisamy as its Director (Commercial). The appointment was effective as of June 2, 2026.Shri V. Packirisamy assumed the role of Director (Commercial) on the Board of Power Finance Corporation Limited, following an order indicating his appointment by the President.Key details regarding the appointment include:DesignationDate of JoiningDirector (Commercial)2.06.2026The board confirmed that Shri V. Packirisamy has been associated with Power Finance Corporation (PFC) since January 1997, bringing over 33...

TIL Ltd Board Recommends Appointment of Statutory Auditors, Subject to Shareholder Approval TIL Ltd confirmed the details regarding the appointment of its Statutory Auditors. The company reported that the appointment of M/s. V. Singhi & Associates, Chartered Accountants (FRN 311017E), is recommended by the Board of Directors.According to the information, the Board of Directors held its meeting on May 28, 2026. During this meeting, the Board recommended the appointment of M/s. V. Singhi & Associates to serve as the Statutory Auditors for the company.The company further clarified that the appointment of the Statutory Auditors is subject to the shareholders' approval. Consequently, the effective date of the appointment will be the date...

Concord Enviro Systems Subsidiary Secures INR 16 Crore Order for ZLD Systems Concord Enviro Systems Limited, a key provider of advanced water and wastewater treatment solutions, has announced a significant order secured by its subsidiary, Rochem Separation Systems (India) Private Limited. The order, totaling INR 16 crores, is for the installation of Zero Liquid Discharge (ZLD) systems from a specialized rail engineering and manufacturing company.The receipt of this domestic order reinforces the company's capabilities in delivering advanced water and wastewater treatment solutions, particularly within the specialized domain of Zero Liquid Discharge systems.The agreement, received in the ordinary course of business, involves the...

Awfis Space Solutions Receives Show Cause Notice Over Tax Discrepancies for FY 2022-23 Awfis Space Solutions Ltd has received a Show Cause Notice (SCN) concerning discrepancies identified in its filed return statement for the fiscal year 2022-23. The notice was issued by the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu.The company received the SCN, dated May 23, 2026, on May 25, 2026. The notice pertains to various discrepancies in the tax filings for the specified financial year.In response to the notice, the company conducted a thorough review and identified apparent discrepancies, including a material calculation error in the demand amount specified. Awfis Space Solutions stated that it is in the...

Patanjali Foods Limited Receives Tax Show Cause Notices Pertaining to ITC for FY 2022-23 Patanjali Foods Limited has received Show Cause Notices (SCNs) from the Office of the Deputy Commissioner (S.I.B./Enforcement), State Tax Department, Uttarakhand, concerning alleged discrepancies and the availing of ineligible Input Tax Credit (ITC) for the financial year 2022-23.The communication was received by the company on May 30, 2026.The SCNs, issued under the Uttarakhand Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017, pertain to investigations into alleged discrepancies.Details of Tax Demands The notices propose specific financial demands for the period FY 2022-23. The total proposed tax demand...

Concord Biotech Secures USFDA Approval for Mycophenolate Mofetil Oral Suspension Concord Biotech Ltd has announced that it has received approval from the U.S. Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) covering Mycophenolate Mofetil for Oral Suspension USP, 200 mg/mL.Mycophenolate mofetil is categorized as an antimetabolite immunosuppressant. It is indicated for the prophylaxis of organ rejection in adult and pediatric recipients aged 3 months and older following allogeneic kidney, heart, or liver transplants, used in combination with other immunosuppressants.The approval is significant for the company's growth trajectory in the U.S. and international sectors. According to market estimates...

VVIP Infratech Reports FY2026 Results: Steady Margin Maintained Despite Industry Headwinds Ghaziabad, June 02, 2026: VVIP Infratech Limited, a Public Utility Infrastructure EPC contractor with over two decades of experience, has announced its financial results for the year ended March 31, 2026. The company, which operates across infrastructure and real estate segments, reported consolidated revenue of ₹ 3,464.93 million and a consolidated PAT of ₹ 300.72 million.VVIP Infratech specializes in executing water, wastewater, electrification, and civil infrastructure projects, and also manages a growing real estate development business.Financial Performance Overview The company’s operations show varied trends across its standalone...

ICICI Prudential Life Insurance Receives Tax Order for FY2023 from Chhattisgarh State Tax Authority ICICI Prudential Life Insurance Company Limited has received a tax demand order for the financial year 2023 from the Deputy Commissioner of State Tax, Raipur, Chhattisgarh. The communication, received on June 1, 2026, relates to discrepancies in Goods and Services Tax (GST) liabilities and credits.The order was issued following allegations of mismatch in Input Tax Credit (ITC) claimed in Form 3B compared to Form 2A, mandatory reversal of Input Tax Credit as per GST law, and general mismatch in GST liability.In response to the communication, the company announced it will appeal the order before the appropriate authority within the...

Elantas Beck India Ltd. Approves INR 56 Crores Investment for Capacity Expansion at Gujarat Plant Elantas Beck India Ltd. announced that its Board of Directors, during a meeting held on Tuesday, June 2, 2026, approved a significant investment of Rs. 56 crores (approx.) aimed at expanding manufacturing capacity. The expansion is slated for the company’s plant located in Ankleshwar, Gujarat.The investment is intended to boost the company's operational footprint and strengthen supply reliability across key product segments. The board approved the expansion subject to any requisite regulatory clearances.The details outline a planned capacity increase at the Ankleshwar facility, funded through internal accruals.ParticularsDetails -...