Markets

Steel City Securities Limited Penalized by NSE Following Capital Market Inspection Steel City Securities Limited reported that it has been levied a penalty by the National Stock Exchange of India Limited (NSE) following an inspection of the firm's operations in the Capital Market (CM) segment.The penalty, amounting to Rs. 10,000/-, was issued by the National Stock Exchange of India Limited subsequent to an inspection conducted in the CM segment during February 2025.The Company stated that the financial and operational impact of the penalty is not material to its overall business activities. Steel City Securities Limited clarified that the penalty will not affect its financials, operations, or other key activities.STEELCITY Stock...

Sungold Capital Ltd Approves Key Reports and Sets Dates for 34th Annual General Meeting Sungold Capital Ltd conducted its Board Meeting on June 02, 2026, where the Board of Directors considered and approved several critical operational and compliance items, including the logistics for the company's 34th Annual General Meeting (AGM).The Board Meeting commenced at 11:30 A.M. and concluded at 12:15 P.M. During the meeting, the Board approved the following foundational documents:The Board of Directors Report and its Annexure for the financial year 2025 - 2026. The Management Discussion and Analysis Report for the financial year ended on March 31, 2026.34th Annual General Meeting Details The Board determined the schedule and...

United Heat Transfer Limited Secures Domestic Purchase Order from Siemens Energy Worth Rs. 1 Crore United Heat Transfer Limited announced the receipt of a substantial purchase order for the manufacturing and supply of Pressure Vessels. The contract was awarded by Siemens Energy Industrial Turbomachinery India Private Limited, marking a significant domestic business transaction for the company.The order, which is categorized as a domestic contract, involves the manufacturing and supply of Pressure Vessels. The total broad consideration for this contract is approximately Rs. 1,00,00,000/- (excluding tax). The transaction was confirmed to be neither a related party nor would it fall within related party transaction parameters.The...

Rose Merc Executes Shareholders Agreement with Virtual Gain Technologies Rose Merc Limited announced the execution of a Shareholders Agreement (SHA) on June 01, 2026. This agreement was established among Rose Merc Limited, Virtual Gain Technologies Private Limited (Virtual), and the company's promoters, aimed at formally recording the inter se rights and obligations of all parties as shareholders of Virtual.The agreement follows a prior transaction where Rose Merc had recorded a proposed acquisition of a 30.01% stake in Virtual’s post issued share capital. This proposed acquisition involves the subscription to 4,288 equity shares of Virtual, having a face value of Rs. 10 each, for an aggregate consideration of Rs. 1,00,00,000.The...

Wanbury Limited Reports 117% PAT Growth in FY26; EPS More Than Doubles to 20.55 Wanbury Limited, a pharmaceutical company with global API presence and a domestic branded formulations portfolio, today announced its audited financial results for the full year and fourth quarter ended March 31, 2026. The company reported a 117% year-on-year increase in Profit After Tax (PAT) to "66.1 Cr.The financial results highlight strong bottom-line growth, with Earnings Per Share (EPS) more than doubling to "20.55 in FY26. This growth was underpinned by operational efficiencies, favorable product mix, and improvements in procurement processes.FY26 Financial Performance Highlights The company recorded robust performance across major metrics for the...

Healthy Investments Ltd Completes Shareholder Reclassification from Promoter to Public Category Healthy Investments Ltd has completed the process of reclassifying its shareholders from the 'Promoter' category to the 'Public' category. This reclassification was initiated following a request from the outgoing promoters of the company.The company provided details regarding the timeline of this significant corporate action. Initially, the company issued an intimation on May 15, 2026, regarding the request from the outgoing promoters seeking the change in shareholder status.Following the request, the Board of Directors approved the reclassification on May 22, 2026. Subsequently, the company advanced the formal application for this...

Rose Merc Ltd Finalizes Agreements for Fintech Expansion and Director Appointment Rose Merc Ltd recently recorded the terms of a collaboration for developing and operating its fintech business division. The initial agreement was executed on June 1, 2026, involving Rose Merc Ltd., Virtual Gain Technologies Private Limited, Amitkumar Singh, and Niti Trivedi. The collaboration aims to drive the development and operations of the company's fintech division, although its implementation is subject to necessary approvals from shareholders and relevant governmental and regulatory authorities in India.In conjunction with the collaboration, the company also entered into a Management Agreement with Amitkumar Singh, a promoter of Virtual. This...

Rose Merc Enters Fintech Sector Through Collaboration Agreement with Virtual Gain Technologies Rose Merc Limited has entered into a Collaboration Agreement with Virtual Gain Technologies Private Limited and the promoters, Amitkumar Singh and Niti Trivedi. The agreement outlines a proposed collaboration focused on the development and operation of Rose Merc's fintech business division.The collaboration, designed to enter the fintech sector of India, aims to enable Rose Merc to utilize the technology and technical services provided by Virtual. This initiative is subject to the receipt of necessary authorisations and consents from Rose Merc’s shareholders and relevant governmental/regulatory authorities in India.Key Terms of the...

Unijolly Investments Company Ltd Pursues Reclassification from Promoter to Public Shareholder Category Unijolly Investments Company Ltd has undertaken steps to reclassify its shareholders, moving from the 'Promoter' category to the 'Public' category.The company initially received a request letter from the outgoing promoters regarding this reclassification. Following this, the company's Board of Directors approved the requested reclassification.In a recent development, the company confirmed that the application for this reclassification was processed on May 26, 2026, following the promoter request and the subsequent board approval.Stock Price Movement Unijolly Investments Company Ltd shares settled at ₹4.55 on Wednesday, showing no...

GMDC Teams Up with University of Cambridge to Create India's AI-Powered Rare Earth Observatory Gujarat Mineral Development Corporation Ltd (GMDC) has initiated a strategic collaboration with the University of Cambridge to establish India's first AI-Powered Rare Earth Supply Chain Observatory. The dedicated Rare Earth Observatory will be housed at GMDC's International Centre of Excellence in Mining (iCEM).The initiative aims to deploy Artificial Intelligence to create a first-of-its-kind interactive intelligence platform. This platform tracks the complete Rare Earth Elements (REE) value chain in real time, spanning from the mine to the magnet. The Observatory's scope covers critical metrics such as price movements, processing capacity...

Omaxe Limited’s Subsidiary, Rohtas Holding (Gulf) Limited, De-registered by JAFZA Omaxe Limited announced on June 2, 2026, that its foreign wholly owned subsidiary, M/s. Rohtas Holding (Gulf) Limited, has been de-registered as an Offshore Company. The de-registration was completed by the Registrar, Jebel Ali Freezone Authority (JAFZA) in Dubai due to the entity's non-operation of business.The company confirmed that this event does not constitute the sale or disposal of any unit, division, undertaking, or substantially the whole of the undertaking of Omaxe Limited or its subsidiary. Omaxe Limited stated that the de-registration of Rohtas Holding (Gulf) Limited will not have any material impact on the business operations or financial...

Fabtech Technologies' Subsidiary Enters Shareholders Agreement with Specialized Contracting Activities LLC Fabtech Technologies Limited announced that its wholly owned subsidiary, Fabtech Technologies LLC, has entered into a Shareholders Agreement. This agreement involves Mr. Saleh Mousa Eidhah Al-Zahrani and Specialized Contracting Activities LLC.Specialized Contracting Activities LLC is the proposed entity being incorporated in the Kingdom of Saudi Arabia. The proposed company's industry falls under Specialized Contracting Activities, encompassing Mechanical, Electrical, Plumbing, and Civil works for Non-pharma Industries. Its business operations will focus on specialized contracting activities within the Kingdom of Saudi Arabia...

Abhishek Infraventures Ltd Receives No-Objection for Promoter Reclassification Abhishek Infraventures Ltd has received no-objection from BSE Limited regarding the reclassification of several promoter shareholders. This change transitions the status of key individuals from the 'Promoter/Promoter Group' category to the 'Public' shareholder category of the company.The no-objection was issued by BSE Limited on June 1, 2026. The reclassification pertains to three individuals: Mr. K G Madhusudhana, Mrs. M Lakshmi Madhu, and Mr. Vidya Rajesh.This transition modifies the ownership classification of the listed entity, moving the specified individuals from the promoter group status to that of a general public shareholder.The following table...

ITCONS E-Solutions Ltd Bags Contract from Sports Authority of India (SAI) for Manpower Services ITCONS E-Solutions Ltd has secured a new contract from the Sports Authority of India (SAI), which falls under the Department of Sports, Ministry of Youth Affairs and Sports. The contract involves providing 6 resources for a period of one year, marking a significant business milestone for the company.The total contract value awarded by the Government agency is INR 57,02,580, inclusive of all taxes and duties.The contract is set to commence on June 03, 2026, and will remain in force until June 02, 2027, subject to further extension by mutual agreement between the parties.Contract Details The services provided under the contract are...

India Ratings Affirms Kross Ltd's Bank Loan Facilities at 'IND A'/Stable; Assigns Ratings for Additional Limits India Ratings and Research (Ind-Ra) has announced rating actions on Kross Limited's (KL) bank loan facilities, affirming the existing limits and assigning ratings for additional funding capacity.The rating action covers two key instruments. The existing bank loan facilities retain the 'IND A/Stable/IND A1' rating and are affirmed, while the additional limits have been assigned the same rating.Instrument TypeSize of Issue (million)Rating Assigned along with Outlook/WatchRating ActionBank loan facilities (existing limits)INR1,115IND A/Stable/IND A1AffirmedBank loan facilities (additional limits)INR179.5IND...

Man Industries Secures Credit Rating Upgrade from CRISIL Following Acquisition and Performance Improvement Man Industries (India) Ltd announced on June 2, 2026, that CRISIL Ratings Limited upgraded the credit ratings assigned to the bank facilities of the company. The upgrade reflects significant improvements in the company's financial profile and operational standing.The credit ratings for the company's bank facilities are detailed as follows:Rating TypeNew RatingChange StatusLong Term RatingCRISILA+/StableUpgraded from CRISILA/StableShort Term RatingCRISILA1ReaffirmedThe upgrade in the long-term rating is attributed to several key business developments. The improvement reflects, among other factors, the company's...

Vardhman Textiles Allots 1,94,000 Equity Shares Under Employee Stock Option Plan Vardhman Textiles Limited announced the allotment of 1,94,000 equity shares to eligible employees following the exercise of their stock options. The allotment was formalized by the Company’s Committee of Directors during a meeting held on June 02, 2026.The shares are part of the 'Vardhman Textiles Limited Employee Stock Option Plan, 2024.' This significant employee benefits program allows employees to acquire company shares after exercising their stock options.The Company confirmed that the shares allotted to the eligible employees rank pari passu with the existing equity shares of Vardhman Textiles Limited in all respects.The key details of the share...

Jainik Power Cables and Sagar Industries Forge Strategic Alliance for India's Power Infrastructure Sonipat, Haryana | June 2026Jainik Power Cables Limited has announced a strategic business alliance with Sagar Industries, an established leader in India's electrical, power transmission, and distribution sector. This collaboration aims to support the growing demand within the country's power infrastructure sector.Under the long-term business understanding, Sagar Industries intends to source and procure a comprehensive range of aluminium-based products from Jainik Power Cables Limited. These products include Aluminium Conductors, LT Power Cables, Aerial Bunched Cables (ABC), and other allied products, which will be utilized for Sagar...

PDS Recognized as Great Place to Work Across 10 Countries, Reinforcing Global Commitment PDS, the global fashion solutions and infrastructure company, announced its recognition as a Great Place to Work® across 10 countries. This achievement reinforces the group's commitment to fostering a people-first organization.The certification covers a vast geographic spread, including India, Hong Kong, Germany, China, Bangladesh, Vietnam, UK, Turkiye, Sri Lanka, and Pakistan.The recognition is based on direct employee feedback, highlighting the strong engagement and confidence employees have in the organization and its workplace culture. The certification also reported close to 90% employee participation across the surveyed locations.PDS...

Open Offer for Supreme Infrastructure India Limited Faces Uncertainty Despite Regulatory Direction The Open Offer made by the Acquirers and Persons Acting in Concert (PACs) to the public shareholders of Supreme Infrastructure India Limited has encountered operational delays, according to the Manager to the Offer.Initially, authorities directed the Acquirers and PACs to proceed with and complete the Open Offer for the acquisition of 3,09,00,665 equity shares. This acquisition represents 26% of the fully diluted voting share capital of the company.Despite continuous follow-up from the Manager to the Offer, confirmations from the Acquirers and PACs regarding necessary funding arrangements and other key matters required to proceed with...