Markets

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...

Acquirers Announce Open Offer for Midland Polymers Limited Stake A consortium of acquirers, comprising Gayathri Boreddy, Jagannath Edla, Radha Krishna Avudari, Mahammad Amaan Shaik, and Ravi Kiran Veeramalla, has announced an open offer for Midland Polymers Limited (MPL). The offer aims to acquire up to 97,50,000 equity shares of the company.The offer, structured to acquire a stake representing 26.00% of the expanded equity and voting share capital of Midland Polymers Limited, was publicly announced across several major Indian dailies, including Financial Express - English Daily, Jansatta - Hindi Daily, Pratahkal - Marathi Daily, and Mega Jyothi - Telugu Daily.Offer Details and Valuation The offer price has been set at Rs. 10/-...

Paras Defence and Space Technologies Secures Order from Bharat Electronics Limited for Electro-Optics Paras Defence and Space Technologies Limited announced that it has secured a significant order from Bharat Electronics Limited. The contract, covering the supply of Electro-Optics, is valued at approximately Rs. 52.82 Cr. (Inclusive of Taxes).The order, which falls under the domestic sector, was received from Bharat Electronics Limited. According to the transaction details, the execution of the contract must be completed on or before September 2027.The key details of the order awarded by Bharat Electronics Limited are summarized below:ParticularsDetailsName of Awarding EntityBharat Electronics LimitedNature of SupplySupply...

Pakka Ltd Approves Allotment of First Tranche of Secured Non-Convertible Debentures Pakka Ltd announced the allotment of the first tranche of unlisted, secured, non-convertible debentures (NCDs) through a private placement. The allotment aggregates up to INR 375 Crores against the total issue size of INR 540 Crores, which had been previously approved by the company's Board of Directors.The details of the allotment were approved by the Fundraising Committee of the Board of Directors of Pakka Limited during a meeting held on June 2, 2026.Allotment Details of NCDs The company allotted the first tranche of non-convertible debentures on a private placement basis, totaling INR 375 Crores. This amount is segmented into two categories of...

Regency Fincorp Allots INR 10 Crores in 15% NCDs via Private Placement Regency Fincorp Ltd announced that its Board of Directors approved the private placement of Non-Convertible Debentures (NCDs). The allotment, which took place on June 2, 2026, involved the issue of INR 10,00,00,000 (Indian Rupees Ten Crores Only) to identified investors.The company issued 1000 (One Thousand) listings, secured, rated, redeemable Non-Convertible Debentures, each having a face value of INR 1,00,000. The sole allottee for this tranche of financing was LC Venture Debt Fund.The NCDs carry a Coupon Rate of 15% and have a total tenor of 19 months. The allotment date was confirmed as June 2, 2026, with the redemption or maturity date set for January 1...

TACC Limited and NUS I-FIM Ink MOU to Advance Next-Generation Advanced Materials Singapore, June 2, 2026: TACC Limited, a subsidiary of HEG Limited, has signed a Memorandum of Understanding (MOU) with the Institute for Functional Intelligent Materials (I-FIM) at the National University of Singapore (NUS). The agreement aims to foster collaboration in advanced materials science, nanotechnology, and related disciplines.The partnership signals a shared industry and academic commitment to accelerating the development, validation, and commercialization of next-generation advanced materials technologies, including graphene and various functional nanomaterials. The MOU establishes a long-term framework, integrating TACC's industrial and...