Markets

S J Logistics Reports Allotment of Equity Shares Following Warrant Conversion S J Logistics (India) Limited announced on June 2, 2026, that its Board of Directors approved the allotment of equity shares resulting from the conversion of warrants. The allotment was executed on a preferential basis to a promoter category individual.The Board resolved to allot 1,25,000 equity shares by converting 1,25,000 warrants. The allotment was priced at ₹576/- (Rupees Five Hundred Seventy Six only) per share, which includes a premium of ₹566/-. The allotment was made upon the receipt of funds aggregating to ₹5,40,00,000/- (Five Crore Forty Lakhs only), representing 75% of the issue price per warrant.The details of the allotment made to the...

Magellanic Cloud Subsidiary Secures ₹ 9.72 Crore Contract for CCTV Surveillance at East Coast Railway Magellanic Cloud Ltd's wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LOA) from East Coast Railway, Sambalpur Division. The contract involves the critical deployment of CCTV surveillance systems across the Sambalpur Division of East Coast Railway.The awarded contract, valued at an aggregate of ₹ 9.72 Crore, focuses on enhancing monitoring, safety, and security by deploying CCTV surveillance systems at 91 manned noninterlocked Level Crossing (LC) Gates within the Sambalpur Division.This new order is positioned as a significant milestone for the company's involvement in railway...

Spice Lounge Food Works: Share Price Movement Attributed Purely to Market Forces Spice Lounge Food Works Limited, formerly known as Shalimar Agencies Limited, has issued a clarification regarding recent movements in its shares. The company stated that the price fluctuations observed in the shares are purely market driven.In addressing inquiries regarding the significant price movement of its shares, the company confirmed that there is no undisclosed material information or impending announcement that it believes may have a bearing on the price behavior of the Company's shares.Spice Lounge Food Works Limited reiterated its commitment to keeping the market informed. The company affirmed that it will continue to provide necessary...

Betala Global Securities Ltd Holds 31st AGM; Key Resolutions Passed with Majority Betala Global Securities Ltd conducted its 31st Annual General Meeting (AGM) on July 17, 2025. The meeting was held via Video Conferencing (VC)/Other Audio Visual Means (OAVM) and concluded at 11:15 a.m. (IST).The AGM proceedings commenced with the presence of the Directors and Chairman of the Board Committees (Audit, Nomination and Remuneration, Stakeholders Relationship Committees). Mr. Roop Chand Betala, Chairman of the Board and the Company, chaired the meeting. Attendees included Mr. C. Ramachandran, Partner at M/s. CRBS & Associates LLP, Chartered Accountants, serving as the Statutory Auditor, and Ms. Priya Shah, Proprietor of M/s. Priya Shah &...

Zenith Drugs Limited Receives Export Order Valued at ₹75 Lakhs from Mauritius Zenith Drugs Limited announced that it has secured an export order from the Ministry of Health and Wellness, Government of Mauritius. The order, reported on June 02, 2026, is valued at approximately ₹75 Lakhs for the supply of pharmaceutical products.The receipt of this order highlights the continued trust placed in Zenith Drugs Limited's quality standards and manufacturing capabilities in international markets.The successful securing of this export mandate strengthens the company's global presence and international business portfolio. Zenith Drugs Limited stated that it remains committed to delivering high-quality pharmaceutical products while continuing...

Sylph Industries Board Approves Appointments and Conducts E-Voting via Board Meeting Sylph Industries Limited conducted its Board of Directors meeting on June 2, 2026. The meeting was held at the registered office of the company, commencing at 12:30 P.M. and concluding at 01:30 P.M.During the session, the Board addressed several key corporate actions, including the preparation for a Postal Ballot conducted through e-voting to obtain approval from the company's members.The primary transactions and decisions taken by the Board include:Executive-Managing Director Appointment: The Board approved the consideration and appointment of Mr. Hasmukh Nanalal Shah (DIN: 00398666) as the Executive-Managing Director of the Company. Scrutinizer...

Supreme Infrastructure Details Progress on Open Offer Amid SEBI Observations Supreme Infrastructure India Ltd provided an update concerning the ongoing open offer process. The clarification addresses observations made by the Securities and Exchange Board of India (SEBI) and outlines the current steps being taken by the involved parties.SEBI issued an observation letter dated May 25, 2026, concerning the Draft Letter of Offer. This observation letter required the Acquirers and PACs (Promoter/Associate Companies) to proceed with the open offer for 3,09,00,665 equity shares. These shares represent 26% of the fully diluted voting share capital of the company.The Acquirers and PACs have submitted a representation to SEBI. This...

Servotech Renewable Secures ₹400 Crore MoU with Haryana Govt for Energy Manufacturing Expansion Servotech Renewable Power System Ltd., a leading manufacturer of solar and renewable energy solutions, has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Department of Industries & Commerce, Government of Haryana. The agreement formalizes the company's plans to significantly expand its manufacturing and warehousing operations within the state, backed by a proposed investment of approximately ₹400 crore.The MoU was executed on June 2, 2026, following the official launch of the 'Make in Haryana' Industrial Policy 2026, which took place in Gurugram on June 1, 2026, in the presence of the Chief...

Supreme Infrastructure India Clarifies Position Amid Ongoing Open Offer Process Supreme Infrastructure India Limited provided a clarification regarding the ongoing Open Offer concerning its shares, addressing regulatory observations and clarifying the roles of involved parties.The company noted that SEBI issued an observation letter dated May 25, 2026, related to the Draft Letter of Offer. This observation letter required the Acquirers and Persons Acting in Concert (PACs) to proceed with the Company.Supreme Infrastructure India Limited stated that the Acquirers/PACs have made representations to SEBI seeking reconsideration of several observations, including the requirement and interest computation.The company emphasized that it is...

NCLT Indore Bench Approves Interim Applications for CMM Infraprojects Resolution Plan CMM Infraprojects Limited announced that the National Company Law Tribunal (NCLT), Indore Bench, approved key interim applications filed by the company on June 2, 2026. The approvals relate to the ongoing implementation of the company’s Resolution Plan under Corporate Insolvency Resolution Process (CIRP).The positive outcome follows the company's previous intimation regarding the matter, which was first communicated on November 7, 2025.During the hearing on June 2, 2026, the NCLT, Indore Bench approved the company’s interim applications seeking two main directives concerning the Resolution Plan.The key approvals granted by the tribunal were...

ICRA Upgrades Credit Rating and Revises Outlook for Vodafone Idea Limited ICRA Limited has upgraded the credit rating and revised the outlook for Vodafone Idea Limited. The rating revision was communicated to the company on June 1, 2026.The change in rating reflects a positive assessment of the company's financial position, shifting the rating and outlook structure for the Long Term Fund Based Term Loans.The details of the credit rating revision are presented in the table below:Credit Rating AgencyFacilityEarlier Rating/ OutlookRevised Rating/ OutlookICRALong Term - Fund Based - Term LoansBBB (Outlook: Positive)A- (Outlook: Stable)The company confirmed that the detailed rating rationale will be made available on the ICRA...

BSE Approves Reclassification of Promoters for Utique Enterprises Ltd BSE Limited has granted approval for the reclassification of two outgoing promoters of Utique Enterprises Ltd. The entities, Honcho Trading Private Limited and Chivas Trading Private Limited, are to be reclassified from the "Promoter and Promoter Group Category" to the "Public Category."The approval details the status change for the following promoters:Promoter NamePrevious CategoryNew CategoryChivas Trading Private LimitedPromoter and Promoter GroupPublic CategoryHoncho Trading Private LimitedPromoter and Promoter GroupPublic CategoryThis development marks the completion of the reclassification process for the outgoing promoters, confirming their...

Infosys and Handelsblatt Media Group Launch AI-Powered Engine to Enhance Digital Storytelling Infosys, a global leader in digital services, and the Handelsblatt Media Group, Germany's foremost media group for business and finance, have jointly unveiled Editorial Link Intelligence (ELI). This new AI-powered editorial recommendation engine is designed to significantly elevate digital journalism by improving storytelling and boosting reader engagement for the Handelsblatt and WirtschaftsWoche platforms.The launch marks a crucial achievement in Infosys' three-year collaboration with Handelsblatt, positioning Infosys as its official AI & Digital Innovation Partner.Editorial Link Intelligence (ELI) leverages Infosys Aster, an AI-amplified...

Servotech Renewable Power System Signs MoU with Haryana Government to Drive Clean Energy Growth Servotech Renewable Power System Limited announced the execution of a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana. The agreement, established on June 1, 2026, aims to foster a robust framework for collaboration and cooperation between the Company and various departments of the Government of Haryana.The partnership is designed to support investment and development across the State of Haryana, focusing particularly on industrial growth and the expansion of clean energy manufacturing sector.The collaboration between Servotech Renewable Power System Limited and HEPC, alongside...

Intellect Design Arena Launches AI Digital Banking Platform for UK and Europe Intellect Design Arena Ltd., a global leader in AI-first, enterprise-grade financial technology, announced the launch of its AI Digital Banking platform. The platform is specifically designed for new challenger banks and digital-native entrants aiming to establish an AI-native digital bank across the United Kingdom and Europe.The launch follows extensive global research conducted by Intellect's research lab, which identified 51 recurring friction points and 28 critical capabilities inherent in launching and scaling digital banks across key domains including acquisition, credit, and operational resilience. Leveraging these deep insights, the new platform aims...

GSM Foils Limited Reports Sales Performance for May 2026 GSM Foils Limited released its sales volume performance figures for the month of May 2026. The company reported detailed financial data comparing the performance against May 2025 and the combined April-May period.The reported sales figures indicate significant year-over-year growth for the company across both monthly and two-month periods.GSM Foils Limited provided the following financial performance data (Amounts in Rs.):ParticularsMay, 2026May, 2025YoY Growth (%)April-May 2026April-May 2025YoY Growth (%)Net Sales345,953,935/-176,136,574/-96.41%616,224,218/-338,211,755/-82.20%GSMFOILS Stock Price Movement Shares of GSM Foils Limited are edging higher to ₹213.45 as...

ITCONS E-Solutions Ltd Secures New Contract of INR 12.89 Million from Ministry of Ayush ITCONS E-Solutions Ltd, listed on the BSE SME Exchange, has announced that it has secured a significant new contract from the Ministry of Ayush. The agreement involves the provision of resources under the category of Manpower Outsourcing Services for a period of one year.The contract award, which is marked as a significant milestone for the company, details the scope of work and the total financial value.According to the announcement, the contract, awarded by the Ministry of Ayush, mandates the deployment of 32 resources. The total contract value is reported as INR 12,892,544.95 (Rupees One Crore Twenty-Eight Lakh Ninety-Two Thousand Five Hundred...

Ankit Agarwal Confirms No Encumbrance on Vedanta Limited Shares for FY 2025-26 Ankit Agarwal has provided confirmation regarding his shareholding in Vedanta Limited, stating that there have been no encumbrances placed on his shares.The statement confirms that during the financial year 2025-26, Mr. Agarwal has not created any encumbrance, directly or indirectly, against his shareholding in Vedanta Limited. This confirms the status of his holdings for the specified financial period.VEDL Stock Price Movement As of 12:46 PM, shares of Vedanta Limited are slipping by 1.99% in live trading, currently at ₹330.45. The stock is trading amidst significant investor interest, moving on a volume of 21.90 million shares.

Emirates NBD Bank to Acquire 26% Stake in RBL Bank Limited Through Open Offer Emirates NBD Bank (P.J.S.C.) is conducting an open offer for the acquisition of a significant stake in RBL Bank Limited. The transaction aims to acquire up to 415,586,443 equity shares of Rs. 10 each, representing 26.00% of the Expanded Voting Share Capital of the bank.The open offer, which details the public acquisition of the shares, is governed by the terms set out in the Letter of Offer dated May 22, 2026.Reporting on the latest status of the open offer, the transaction details that, as of June 1, 2026, zero (nil) Equity Shares, constituting 0.00% of the total offer size, had been tendered. This data was noted in the Open Offer Escrow Demat Account...

Advik Capital Limited Initiates Criminal Proceedings to Safeguard Shareholder Interests Advik Capital Limited, a non-deposit-taking Non-Banking Financial Company (NBFC), announced on June 2, 2026, that it has initiated criminal proceedings against certain persons and entities in a step designed to safeguard shareholder interests.The company stated that this action follows earlier public announcements regarding concerns identified in relation to transactions involving its securities.Advik Capital Limited has filed a criminal complaint under the provisions of the Bharatiya Nagarik Suraksha Sanhita, 2023. The complaint names Fairplan Distributors Private Limited and several other individuals, alleging offences under the Bharatiya Nyaya...