Markets

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 -...

Franklin Industries Ltd Announces Resignation of Company Secretary and Compliance Officer Franklin Industries Ltd has announced the resignation of Ms. Shivi from the position of Company Secretary and Compliance Officer. The change is effective as of June 2, 2026.The company confirmed that Ms. Shivi tendered her resignation due to personal reasons, stating that she is no longer in a position to devote her time to the company.Ms. Shivi served in the role of Company Secretary and Compliance Officer. The transition is noted to take place on June 2, 2026. Franklin Industries Ltd confirmed that there are no material reasons for the resignation other than those provided by Ms. Shivi.Stock Price Movement Franklin Industries Ltd. settled...

Eleganz Interiors Limited Approves Allotment of 8 Lakh Convertible Warrants on Preferential Basis Eleganz Interiors Limited announced that its Board of Directors approved the allotment of 8,00,000 Convertible Warrants (CWs) to a promoter group on a preferential basis. The decision was taken during the Board meeting held on Tuesday, June 2, 2026.The allotment involves 8,00,000 warrants, which are convertible into an equivalent number of equity shares, each having a face value of Rs. 10/- (Rupees Ten Only). The warrants were issued at an issue price of Rs. 83/- (Rupees Eighty-Three Only) each, including a premium of Rs. 73/- (Rupees Seventy-Three Only).The allotment was approved for Sameer Akshay Pakvasa, a promoter, who will receive...

Sharika Enterprises Secures Subcontract for UPCL's Ganga Corridor SCADA-ADMS Modernization Sharika Enterprises Limited, a provider of smart infrastructure solutions in the power sector, has been awarded a key subcontract for the deployment of an Advanced Distribution Management System (ADMS). This project is part of the Uttarakhand Power Corporation Limited's (UPCL) major Ganga Corridor power distribution modernization initiative.The ambitious project is being executed under the Government of India's Revamped Distribution Sector Scheme (RDSS), with East India Udyog Limited (EIUL) serving as the lead contractor. Sharika’s scope involves supplying and installing, alongside Functional Management System (FMS), various key equipment...

Indian Overseas Bank Receives Perpetual License to Establish IFSC Banking Unit at GIFT City Indian Overseas Bank has successfully secured a license from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU). The authorization allows the bank to set up its unit as a branch at GIFT City (GIFT IFSC) in Gujarat.The IFSCA granted the license to Indian Overseas Bank vide its letter dated June 1, 2026. This development follows earlier confirmation that the Reserve Bank of India (RBI) had permitted the bank to set up an IFSC Banking Unit in GIFT IFSC, Gujarat.The license granted by the IFSCA is perpetual in nature. The bank's operations under this unit will remain subject to any specific...

Chavda Infra Reports FY26 Results: Revenue Jumps 22.6% to ₹320.6 Crores Chavda Infra Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, highlighting significant growth in revenue while maintaining operational resilience. The company reported a Revenue From Operations of ₹320.6 crores, marking a 22.6% year-over-year increase.The company posted an EBITDA of ₹58.0 crores, representing a 2.8% year-over-year growth, while the EBITDA margin stood at 18.1%. Profit After Tax (PAT) was recorded at ₹17.0 crores, yielding a PAT margin of 5.3%.Key Financial and Operational Highlights In terms of efficiency and capital management, Chavda Infra Limited reported improved metrics compared to the...

Veronica Production Ltd Board Approves Appointment of New Independent Director Veronica Production Ltd announced key outcomes from its Board of Directors meeting held on Tuesday, June 2, 2026. The Board transacted several corporate approvals, including the appointment of an Additional Director and the reconstitution of various internal board committees.During the board meeting, the Directors appointed Mrs. Sangitaben Sanjaybhai Sanghani as an Additional Director of the Company. This appointment is for the category of Non-Executive Independent Director and is effective from June 2, 2026, for a period of five consecutive years.The Nomination and Remuneration Committee recommended the appointment, and the board approved the details of...

Hindustan Copper Limited Designates Executive Director for Operations, Production, Safety, and Law Hindustan Copper Limited (HCL) has announced a change in senior management roles, designating Shri Shyam Sundar Sethi as the Executive Director (Operations) - Production, Safety and Law.The designation change is effective from June 1, 2026. Following his transfer to the Corporate Office, Shri Sethi resumed duty on this date. In his new capacity, he will be responsible for overseeing the crucial Production, Safety, and Legal matters of HCL.The operational structure for Shri Sethi has been defined: for matters pertaining to Production and Safety, he will report to the Director (Mining). Separately, for all legal matters, he will report...

Havells India Clarifies Vesting and Exercise Periods for Employees Stock Purchase Scheme Havells India Limited provided a detailed update concerning its upcoming 43rd Annual General Meeting (AGM) scheduled for June 19, 2026. The update specifically addressed clarifications sought by Proxy Advisory Firms regarding three proposed resolutions: the approval of the Havells Employees Stock Purchase Scheme 2026, the authorization for the Havells Employees Welfare Trust to subscribe to shares under the scheme, and the provisioning of money by the Company to the Trust.The core of the clarification provided by Havells India Limited related to the mechanics of the stock purchase scheme, particularly defining the maximum vesting and exercise...

APSEZ Logs 16% Cargo Volume Growth in May 2026 Adani Ports and Special Economic Zone Limited (APSEZ) reported robust operational performance for the month of May 2026, noting a cargo volume handled of 48.3 Million Metric Tons (MMT), marking a 16% year-over-year (YoY) growth.During May 2026, the company's overall cargo performance was driven significantly by two key segments. Liquids cargo volume registered a 33% YoY increase, while container movements contributed a 17% YoY growth.Year-to-date (YTD) figures for May 2026 also indicated strong momentum. APSEZ handled a total cargo volume of 91.4 MMT through May, reflecting a 15% YoY growth. Containers continued to lead the YTD performance, showing a 17% YoY uplift.In a specialized...

DIC India Limited Announces Resignation of Managing Director and CEO DIC India Limited announced that Mr. Manish Bhatia, Managing Director and CEO, has resigned from his position. The resignation was tendered vide letter dated June 02, 2026, with Mr. Bhatia citing the decision to pursue other career opportunities.The Company's Board of Directors accepted the resignation in a meeting held on June 02, 2026. Mr. Bhatia will be relieved from his responsibilities from the close of business hours on August 29, 2026.The Board expressed sincere appreciation and gratitude for the outstanding leadership, dedication, and valuable contributions Mr. Manish Bhatia provided during his tenure with the Company.The key details regarding the change...

Tranway21 Technologies Reports Audited Standalone and Consolidated Financial Results for FY 2025-2026 Tranway21 Technologies Limited has released its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026, alongside detailed comparative statements. The company reported various figures across its balance sheets, profit and loss statements, and cash flow statements, covering both standalone operations and group consolidated financials.Standalone Financial Performance The company's standalone financial statements revealed key details regarding its financial position, profitability, and cash movement for the fiscal year ended March 31, 2026.Standalone Assets and Liabilities As of March 31, 2026...

Power Finance Corporation Reports Strike Off and Dissolution of PFC Projects Limited Power Finance Corporation Limited (PFC) has confirmed the strike off and dissolution of its wholly owned subsidiary, PFC Projects Limited (PPL). The company confirmed that PPL was struck off by the Registrar of Companies (RoC) effective June 1, 2026, under Section 248 of the Companies Act, 2013.PFC Projects Limited (PPL) was initially established as a wholly owned subsidiary of PFC with the objective of developing an Ultra Mega Power Project in Karnataka. The company underwent a change in its structure and mandate, amending its name and object clause in 2022. This amendment was intended to enable PPL’s participation in Lenders-backed Resolution Plans...

United Foodbrands Ltd Announces NCLT Approval for Subsidiary Amalgamation Scheme United Foodbrands Limited has announced the approval of a Scheme of Amalgamation involving two of its subsidiaries, Blue Planet Foods Private Limited and Red Apple Kitchen Consultancy Private Limited. The amalgamation, aimed at streamlining the corporate structure, has been sanctioned by the National Company Law Tribunal (NCLT), Bengaluru Bench.The scheme involves the amalgamation between Blue Planet Foods Private Limited, which serves as the Transferor Company, and Red Apple Kitchen Consultancy Private Limited, which functions as the Transferee Company. Both entities are subsidiaries of United Foodbrands Limited.The Hon'ble National Company Law...

Sattva Engineering Construction Limited Reports Financial Status and Governance Applicability Sattva Engineering Construction Limited, formerly known as Sattva Engineering Construction Private Limited, has provided an update on its corporate governance requirements and issued an Independent Practitioner's Report detailing its net worth. The company confirmed that since its equity shares are listed exclusively on the SME Platform of the National Stock Exchange of India Limited, the entity is covered under an exemption, making several corporate governance provisions non-applicable.While many governance regulations are exempted due to the listing status, the company noted that Regulation 23 concerning Related Party Transactions remains...

Anzen India Energy Yield Plus Trust Reverts to Original Business Location Following Renovation Anzen India Energy Yield Plus Trust announced a change in its operational premises, confirming the return to its primary location after a temporary relocation during renovation work.The trust's relevant team, managed by EAAA Real Assets Managers Limited, initially relocated temporarily due to ongoing renovation work at the existing place of business. The original location was reported as Plot 294/3, Edelweiss House, Off. CST Road, Kalina, Santacruz East, Mumbai - 400 098.During the renovation period, the team temporarily shifted to Ground Floor, Windsor, Off. CST Road, Kalina, Santacruz East, Mumbai -400 098, effective December 8, 2025...

Jagsonpal Pharmaceuticals Completes Buyback and Extinguishes 16 Lakh Equity Shares Jagsonpal Pharmaceuticals Ltd announced the successful buyback and extinguishment of 16,00,000 equity shares, reducing the company's paid-up capital on June 2, 2026. The buyback involved the purchase of shares in dematerialized form.The capital reconciliation details demonstrate a precise reduction in the company’s issued share capital following the tender offer route.Share Capital Reconciliation Before the buyback, Jagsonpal Pharmaceuticals Ltd's issued, subscribed, and fully paid-up share capital stood at 6,71,39,150 equity shares of ₹2 each, amounting to ₹13,42,78,300.During the buyback process, the company bought back 16,00,000 equity shares...